|
Report Date : |
27.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
INMAC COMPUTERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B – 5, Urvashioff Sayonji Road, Prabhadevi, Mumbai – 400 021,
Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
13.12.1994 |
|
|
|
|
Com. Reg. No.: |
11-083705 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.900 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30007MH1994PTC083705 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMI02723A |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
The Company is Engaged in the Business of Trading in Computers and Hardware.
|
|
|
|
|
No. of Employees
: |
68 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 61000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be usually correct. The company can be considered for business dealing 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.
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
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. Rakesh Rathod |
|
Designation : |
Accounts Head |
|
Contact No.: |
91-22-67844000 |
|
Date : |
25.11.2013 |
LOCATIONS
|
Registered Office : |
B – 5, Urvashioff Sayonji Road, Prabhadevi, Mumbai – 400 021,
Maharashtra, India |
|
Tel. No.: |
91-22-26865501 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
219, Udyog Bhavan, |
|
Tel. No.: |
91-22-67844000 |
|
Fax No.: |
91-22-26865504 |
|
E-Mail : |
|
|
Area : |
1000 Sq. Ft |
|
Location : |
Owned |
|
|
|
|
|
69/71, Dol-bin-shir Building, Groud Floor, Janmabhoomi Marg, Mumbai –
400001, Maharashtra, India. |
|
Tel No. : |
91-22-22854698/4389/22835556/8979 |
|
Fax No. : |
91-22-22043648 |
|
|
|
|
Branches : |
Located At : ·
·
·
·
Chennai ·
·
Panjim |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Girish Babu Valiyaveetil |
|
Designation : |
Director |
|
Address : |
B – 206, Ankur, Goregoan Link Road, Goregaon (W), Mumbai, Maharashtra,
India. |
|
Date of Birth/Age : |
10.04.1965 |
|
Qualification : |
MBA |
|
Date of Appointment : |
13.12.1994 |
|
DIN No.: |
00128408 |
|
|
|
|
Name : |
Mrs. Asha Girish Babu |
|
Designation : |
Director |
|
Address : |
B – 206, Ankur, Goregoan Link Road, Goregaon (W), Mumbai, Maharashtra,
India. |
|
Date of Birth/Age : |
27.08.1967 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
13.03.2000 |
|
DIN No.: |
00128716 |
KEY EXECUTIVES
|
Name : |
Mr. Rakesh Rathod |
|
Designation : |
Accounts Head |
MAJOR SHAREHOLDERS
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Girish Babu Valiyaveetil |
|
17800 |
|
Asha Girish Babu |
|
72100 |
|
R. dlleepan |
|
100 |
|
|
|
|
|
Total |
|
90000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is Engaged in the Business of Trading in Computers and
Hardware. |
|
|
|
|
Terms : |
|
|
Selling : |
Credit |
|
|
|
|
Purchasing : |
Credit |
GENERAL INFORMATION
|
Customers : |
Others and Corporate |
|||||||||||||||||||||
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|
|||||||||||||||||||||
|
No. of Employees : |
68 (Approximately) |
|||||||||||||||||||||
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|
|
|||||||||||||||||||||
|
Bankers : |
·
Bank of Baroda, Sharda Niwas, Lokmanya Tilak
Road, Dahisar West, Mumbai – 400 068, Maharashtra, India ·
Canara Bank, Mira Road, Mira Road East, Mira Road
– 401 107, Maharashtra, India ·
UCO Bank, Fort Branch, Mumbai, Maharashtra, India ·
The Karad Co-operative Bank |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
NOTES: Long Term Borrowings Nature of Security and terms of repayment for long term secured
borrowings The car loan of
Rs.2.031 Millions from bank Kotak Mahindra Prime Limited is secured against
the hypothecation of car and personally guaranteed by the Directors. Repayable in 59 Monthly installments starting from January 2012 and
last installment due in November 2016 Rate of Interest 12.15% p.a. Short Term Borrowings Cash credit from
Bank of Baroda is secured fixed deposits held by the company and by
hypothecation of existing current assets of the company viz. stock of
finished goods, bills receivable, book debts, tangible movable machineries,
plant machineries, fixtures, fittings other installation, furniture etc. and
all other moveable current assets both present and future. The loans are also
supported with collateral security of the assets / properties owned by the
directors and personal guarantees. All the loans
are repayable on demand. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
RCS and Associates Chartered Accountants |
|
Address : |
1307, Cosmos Tower, Sarover Vihar Road, Sector 11, Cbd Belapur, Navi
Mumbai – 400 614, Maharashtra, India |
|
PAN No.: |
ANZPS4640L |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs. 10/- each |
Rs.1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
90000 |
Equity Shares |
Rs. 10/- each |
Rs.0.900 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.900 |
0.900 |
0.900 |
|
(b) Reserves & Surplus |
14.587 |
12.149 |
9.815 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
15.487 |
13.049 |
10.715 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.250 |
4.019 |
5.019 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
1.250 |
4.019 |
5.019 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
46.526 |
29.198 |
20.406 |
|
(b) Trade payables |
25.013 |
26.175 |
31.720 |
|
(c) Other current liabilities |
10.048 |
14.448 |
15.118 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities (4) |
81.587 |
69.821 |
67.244 |
|
|
|
|
|
|
TOTAL |
98.324 |
86.889 |
82.978 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
4.176 |
5.028 |
3.586 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible
assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.261 |
0.281 |
0.035 |
|
(c) Deferred tax assets (net) |
0.143 |
0.481 |
0.366 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
4.580 |
5.790 |
3.987 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.025 |
0.000 |
0.000 |
|
(b) Inventories |
21.094 |
15.435 |
13.600 |
|
(c) Trade receivables |
23.288 |
20.380 |
26.406 |
|
(d) Cash and cash
equivalents |
17.122 |
21.663 |
18.202 |
|
(e) Short-term loans and
advances |
29.686 |
23.621 |
20.783 |
|
(f) Other current assets |
2.529 |
0.000 |
0.000 |
|
Total Current Assets |
93.744 |
81.099 |
78.991 |
|
|
|
|
|
|
TOTAL |
98.324 |
86.889 |
82.978 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
200.687 |
183.688 |
170.588 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
196.621 |
180.271 |
168.017 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
4.066 |
3.417 |
2.571 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.628 |
1.082 |
0.783 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
2.438 |
2.335 |
1.788 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
12.149 |
9.814 |
8.026 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
14.587 |
12.149 |
9.814 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
27.09 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.21
|
1.27 |
1.05 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.15
|
3.97 |
3.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26
|
0.26 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.08
|
2.55 |
2.37 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.15
|
1.16 |
1.17 |
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) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Loan from Banks |
0.000 |
0.913 |
|
Loan from
Financial Institutions |
0.000 |
1.480 |
|
Short Term Borrowings |
|
|
|
Loan from Related
parties |
0.457 |
0.001 |
|
|
|
|
|
Total |
0.457 |
2.394 |
NOTES:
Long Term Borrowings
Terms of repayment for long term unsecured borrowings.
|
Borrowings
Terms of Repayment Term loan from Bajaj Finserv Repayable in
36 monthly instalments starting from Lending Limited Rs. November 2010 and last instalment due
in October 1.938 Millions
2013 Rate of interest 18.5% p.a. Term loan from HDB Finance Repayable in
36 monthly instalments starting from Services Limited Rs.
November 2010 and last instalment due in October 2.000 Millions
2013 Rate of interest 18.50% p.a. Term loan from Magma Repayable
in 18 monthly instalments starting from Fincorp Limited Rs.
January 2012 and last instalment due in June 2013 2.500 Millions Rate of interest 9.05% p.a. Term loan from Tata Capital Repayable in
36 monthly instalments starting from Limited Rs. 1.500 Millions November
2010 and last instalment due in October
2013 Rate of interest 17.26% p.a. Term loan from Barclays
Repayable in 12 monthly instalments starting from July Finance Limited Rs.
2011 and last instalment due in June 2013 3.500 Millions
Interest 19% p.a. Term loan from Kotak Repayable
in 36 monthly instalments starting from Mahindra Bank Rs.
March 2011 and last instalment due in February 2014 2.500 Millions
Rate of interest 19.5% p.a. Instalments falling due in respect of all the above Loans upto March
31, 2014 have been grouped under Current maturities of long-term debt |
CURRENT MATURITY OF LONG TERM DEBT:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Current Maturity
of Long Term Debt |
2.769 |
6.338 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10341020 |
14/03/2012 |
49,000,000.00 |
BANK OF BARODA |
SHARDA NIWAS, LOKMANYA TILAK ROAD, DAHISAR WEST, MUMBAI – 400 068, MAHARASHTRA, INDIA |
B34512152 |
|
2 |
90159826 |
03/06/1999 * |
415,000.00 |
THE SARASWAT CO-OPRATIVE BANK LIMITED |
PRABHADEVI, MUMBAI – 400 025, MAHARASHTRA, INDIA |
- |
|
3 |
90159712 |
23/05/1998 |
1,500,000.00 |
THE SARASWAT CO-OPRATIVE BANK LIMITED |
CENTRAL ADMENISTRATICE OFFICE APSARACENAMA BUILDING, 2ND FLOOR GRANT ROAD DB MARG, MUMBAI – 400 007, MAHARASHTRA, INDIA |
- |
* Date of charge modification
LITIGATION
DETAILS:
|
Case Details |
|
|
Bench:-Bombay |
|
|
|
|
|
|
|
Presentation Date:- |
19/09/2013 |
|
|||
|
|
|
|
||||
|
|
Lodging No.:- |
CPL/643/2013 |
Filing Date:- |
19/09/2013 |
|
|
|
|
Petitioner:- |
HCL INFOSYSTEMS LIMITED - |
Respondent:- |
INMAC COMPUTERS PRIVATE LIMITED - |
|
|
|
Petn.Adv.:- |
M/S. D.H.LAW ASSOCIATES (0) |
|
|
|
District:- |
OUTSIDE MAHARASHTRA |
|
|
|
Bench:- |
SINGLE |
|
|
|
|
|
Status:- |
Pre-Admission |
Category:- |
COMPANY PETITIONS |
|
|
|
Last Date:- |
26/09/2013 |
Stage:- |
|
|
|
|
Last Coram:- |
REGISTRAR(OS)/PROTHONOTARY & SR.
MASTER |
|
|
|
Act :- |
Companies Act & Rules 1956 |
FIXED ASSETS:
·
Office Premises
·
Office Equipment
·
Furniture and Fixture
·
Motor Car
·
Computer
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.62.45 |
|
|
1 |
Rs.100.86 |
|
Euro |
1 |
Rs.84.50 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
48 |
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.