MIRA
INFORM REPORT
|
Report Date : |
26.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
SWAN SOLUTIONS AND SERVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
403-406, 4th Floor, Twin Complex, Phase – I, Marol, Maroshi
Road, Opposite, Marol Fire Brigade, Andheri, (East), Mumbai – 400059,
Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
26.05.1995 |
|
|
|
|
Com. Reg. No.: |
11-088807 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.300 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32200MH1995PTC088807 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS21029B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCS4048N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing Information Technology Solutions |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 120000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. There
appears slight dip in the turnover and profitability by the company. However,
trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Vishwas More |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-67718031 |
|
Date : |
25.06.2013 |
LOCATIONS
|
Registered / Head Office : |
403-406, 4th Floor, Twin Complex, Phase – I, Marol, Maroshi
Road, Opposite, Marol Fire Brigade, Andheri, (East), Mumbai – 400059,
Maharashtra, India |
|
Tel. No.: |
91-22-67718011/ 67718000/ 23441352 / 67718031 |
|
Fax No.: |
91-22-67718080/ 23438552 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Support Centre Office : |
11, Currimjee Building, 19 M N Koli Marg, Bhandari Street, Masjid,
Mumbai-400003, Maharashtra, India |
|
Tel No.: |
91-22-61127000 / 7020 |
|
Fax No.: |
91-22-61127070 |
|
Email: |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Nazmuddin Abidali Sutarwala |
|
Designation : |
Director |
|
Address : |
332, |
|
Date of Birth/Age : |
02.09.1965 |
|
Date of Appointment : |
19.06.1995 |
|
DIN No.: |
00351694 |
|
|
|
|
Name : |
Mr. Murtuza Abidali Sutarwala |
|
Designation : |
Director |
|
Address : |
332, |
|
Date of Birth/Age : |
10.08.1974 |
|
Date of Appointment : |
19.06.1995 |
|
DIN No.: |
00351710 |
|
|
|
|
Name : |
Mr. Mohammed Abidali Sutarwala |
|
Designation : |
Chairman and Managing Director |
|
Address : |
332, |
|
Date of Birth/Age : |
14.01.1963 |
|
Date of Appointment : |
19.06.1995 |
|
DIN No.: |
00351718 |
|
|
|
|
Name : |
Mrs. Kamal Hiralal Sejpal |
|
Designation : |
Director |
|
Address : |
Flat No.103, Tower – 2B, Sidhachal Phase VI, Thane (West), Mumbai –
400607, |
|
Date of Birth/Age : |
21.03.1972 |
|
Date of Appointment : |
01.04.2008 |
|
DIN No.: |
02275467 |
KEY EXECUTIVES
|
Name : |
Mr. Vishwas More |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
No. of Shares |
|
Mohammed Abidali Sutarwala |
1000 |
|
Nazmuddin Abidali Sutarwala |
1000 |
|
Murtuza Abidali Sutarwala |
1000 |
|
TOTAL
|
3000 |
AS ON 28.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Information Technology Solutions |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit |
|
|
|
|
Purchasing : |
Cash, Credit |
GENERAL INFORMATION
|
Customers : |
·
End Users |
|
|
|
|
No. of Employees : |
100 (Approximately) |
|
|
|
|
Bankers : |
·
Axis Bank, Andheri East Branch, Marol Maroshi
Road, Near Fire Brigade, Andheri (East), Mumbai-400059, Maharashtra, India ·
Kotak Mahindra Bank Limited, Nariman Point,
Mumbai, Maharashtra, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Lakhani and Company Chartered Accountant |
|
Address : |
Hemsharasaka, 19, Gola Lane, Behind Badri Mahal, Fort, Mumbai-400001,
Maharashtra, India |
|
PAN No.: |
AAAFL1302L |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000 |
Equity Shares |
Rs.100/-
each |
Rs. 0.300
Million |
|
|
|
|
|
NOTES
(i)
Shareholding more than 5%
|
Name of the
Shareholders |
31.03.2012 |
|
|
No. of Shares |
% |
|
|
Mohammed
Sutarwala |
1,000 |
33.33% |
|
Nazmuddin
Sutarwala |
1,000 |
33.33% |
|
Murtuza
Sutarwala |
1,000 |
33.33% |
(ii)
The company has only one class of ordinary equity
shares and the holders of these ordinary shares are entitled to receive
dividends as and when declared by the company. All shares rank equally with regard
to the company's residual assets.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
0.300 |
0.300 |
|
(b) Reserves & Surplus |
|
29.949 |
23.321 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
30.249 |
23.621 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.392 |
0.310 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
0.392 |
0.310 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
48.277 |
54.691 |
|
(c) Other current
liabilities |
|
13.796 |
18.695 |
|
(d) Short-term provisions |
|
0.000 |
0.113 |
|
Total Current Liabilities (4) |
|
62.073 |
73.499 |
|
|
|
|
|
|
TOTAL |
|
92.714 |
97.430 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
7.280 |
7.809 |
|
(ii) Intangible Assets |
|
0.075 |
0.070 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
5.197 |
3.960 |
|
(e) Other Non-current assets |
|
0.444 |
1.442 |
|
Total Non-Current Assets |
|
12.996 |
13.281 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
5.850 |
3.941 |
|
(c) Trade receivables |
|
54.864 |
69.156 |
|
(d) Cash and cash
equivalents |
|
18.206 |
10.455 |
|
(e) Short-term loans
and advances |
|
0.437 |
0.561 |
|
(f) Other current
assets |
|
0.361 |
0.036 |
|
Total Current Assets |
|
79.718 |
84.149 |
|
|
|
|
|
|
TOTAL |
|
92.714 |
97.430 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.300 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
14.644 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
14.944 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
2.505 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
2.505 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.291 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
17.740 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
7.477 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
Other Non-Current Assets |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1.498
|
|
|
Sundry Debtors |
|
|
29.833
|
|
|
Cash & Bank Balances |
|
|
7.900
|
|
|
Other Current Assets |
|
|
0.229
|
|
|
Loans & Advances |
|
|
4.399
|
|
Total
Current Assets |
|
|
43.859 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
22.583
|
|
|
Other Current Liabilities |
|
|
0.000
|
|
|
Provisions |
|
|
11.013
|
|
Total
Current Liabilities |
|
|
33.596 |
|
|
Net Current Assets |
|
|
10.263
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
17.740 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
341.100 |
526.121 |
168.481 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
341.100 |
526.121 |
168.481 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
513.581 |
163.865 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
NA |
12.540 |
4.616 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
3.863 |
1.791 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
6.628 |
8.677 |
2.825 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Software Licenses |
1.344 |
0.744 |
NA |
|
|
TOTAL IMPORTS |
1.344 |
0.744 |
NA
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2209.34 |
2892.27 |
941.69 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.94
|
1.65 |
1.68 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
12.87 |
8.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.53 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00 |
0.17 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28
|
1.14 |
1.31 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
SUNDRY CREDITORS
DETAILS
(Rs.
In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sundry Creditors
|
|
|
|
|
Sundry Creditors
for Goods |
47.767 |
53.970 |
21.949 |
|
Sundry Creditors
for Services and Others |
0.510 |
0.721 |
0.634 |
|
TOTAL |
48.277 |
54.691 |
22.583 |
NOTES
Registered office has been shifted from 11 Currimji Building, 19 M N
Koli Marg, Mumbai-400003, Maharashtra, India to the present address w.e.f.
16.08.2006
OPERATIONS
In the previous year the company has achieved a total turnover of Rs.
341.100 Millions and net profit of Rs. 6.628 Millions. This was as per the
projections made by the management.
FORM 8
|
Corporate
identity number of the company |
U32200MH1995PTC088807 |
|
Name of the
company |
SWAN SOLUTIONS
AND SERVICES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
403-406, 4th Floor, Twin Complex, Phase – I, Marol, Maroshi
Road, Opposite, Marol Fire Brigade, Andheri, (East), Mumbai – 400059,
Maharashtra, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
10258666 |
|
Type of charge |
·
Immovable
property ·
Book debts ·
Movable
property (not being pledge) ·
Others |
|
Particular of
charge holder |
Uco Bank, Andheri East Branch, Marol Maroshi Road, Near Fire Brigade,
Andheri (East), Mumbai-400059, Maharashtra, India |
|
Nature of
instrument creating charge |
1. Entry to be
made in Equitable Mortgage Register Owing to increase in limits. 2. Agreement for
Extension of Charge by way of Hypothecation over Current Assets to Secure Non
Fund Based Facilities. |
|
Date of
instrument Creating the charge |
12.09.2012 |
|
Amount secured by
the charge |
Rs. 51.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest 3.75% p.a. over
bank base rate i.e.12.25%p.a. with monthly rest Terms of repayment on Demand Margin i) Debtors : Nil ii) Stock : Nil iii) Primary
Security Rs. 10Lacs (25%) iv) Collateral :
25% v) 50% by way of
FDR Extent and operation of the charge As per the
Hypothecation of Goods and Book Debts and the Agreement for Extension of
Charge by way of Hypothecation over Current assets to Secure Non Fund Based
Facilities all dated 12-09-2012. Other Stock shall be
adequately insured against all comprehensive risks, for non- compliance of
conditions penal interest @2% over and above required rate of interest will
be levied, Personal Guarantee of all Directors. Limit against the book debts
will not be more than 50% of the total assessed limit. |
|
Short particulars
of the property charged (Including location of the property) |
1)
All
stocks of computer hardware, spare parts, machinery etc. and other articles,
goods, stocks and movable property of any kind whatsoever which now or
hereinafter from time to time during this security shall be brought into
stores or be i or about borrowers premises, godowns or wherever else may be
included/including in particular 2)
Hypothecation
of entire Stock, Book Debts, receivables, bills and other chargeable current
assets of the borrower (both present and future). Book debts of not more than
90 days. 3)
1091
sq. feet carpet area, office no. 403,404,405 and 406, 4th Floor Twin Complex
Phase I Premises Co-Operative Society Limited, Opposite marol Fire Station,
marol Maroshi Road, Andheri (East), Mumbai-400 059. |
|
Particulars of
the present modification |
By this present modification
the Uco Bank has sanctioned additional credit facility of Rs. 0.350 Million
by way of Bank Guarantee over and above the existing credit facility of Rs.
0.160 Million aggregating to Rs. 0.510 Million and have extended its charge
over the current assets and immovable property |
FIXED ASSETS
·
Computers
·
Office Equipment
·
Furniture and Fixture
·
Motor Car
·
Building
·
Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 59.70 |
|
|
1 |
Rs. 92.25 |
|
Euro |
1 |
Rs. 78.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
47 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.