MIRA INFORM REPORT
|
Report Date : |
26.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
KALYANI
INFOTECH SOLUTIONS LIMITED (w.e.f. 05.09.2007) |
|
|
|
|
Formerly Known As : |
KALYANI
INFOTECH SOLUTIONS PRIVATE LIMITED (w.e.f. 12.06.2007) RATNAGARBH
CREATIVITY SERVICES PRIVATE LIMITED |
|
|
|
|
Registered Office : |
S.
No. 49, Industry House, Opposite Kalyani Steel Limited, Mundhwa, Pune –
411036, Maharashtra |
|
|
|
|
Country : |
India
|
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
07.02.1997 |
|
|
|
|
Com. Reg. No.: |
11-105730 |
|
|
|
|
Capital Investment /
Paid-up Capital : |
Rs. 1.090 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74210MH1997PLC105730 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
PNEK07901F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCR4139B |
|
|
|
|
Legal Form : |
A
Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business : |
Subject
is engaged in the business of rendering IT and IT enabled services and safe
and installation of networking and security systems, accessories, etc. |
|
|
|
|
No. of Employees : |
Information
declined by management |
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
1280000 |
|
|
|
|
Status : |
Satisfactory
|
|
|
|
|
Payment Behaviour : |
Usually
correct |
|
|
|
|
Litigation : |
Clear
|
|
|
|
|
Comments : |
Subject
is an established company having satisfactory track record. Management
of the company has file its financial for the year 2013 with the government
department but is not available with us. As
per financials (2012), there appears some dip in sales. However, the
financial positions of the company appears to be good. Trade
relations are reported as trustworthy. Business is active. Payment terms are
reported to be usually correct and as per commitment. The
company can be considered 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.
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 DENIED
Management
Non Cooperative. (91-20-26725152)
LOCATIONS
|
Registered/ Head Office : |
S.
No. 49, Industry House, Opposite Kalyani Steel Limited, Mundhwa, Pune –
411036, Maharashtra, India |
|
Tel. No.: |
91-20-26725152/
26814971/ 72 |
|
Fax No.: |
Not
Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Engineering and Training Services Division : |
47/2,
A-B, Shri Gobind Nivas, 2nd Floor, Opposite City Pride Multiplex, Pune Satara
Road, Bibvewadi, Pune – 411009, Maharashtra, India |
|
Tel. No.: |
91-20-24220206
/ 24224846 |
|
Fax No.: |
91-20-24224846 |
|
E-Mail : |
DIRECTORS
As
on: 30.09.2013
|
Name : |
Mr.
Shriniwas Balawant Kanade |
|
Designation : |
Director |
|
Address : |
20,
Nityanand Housing Society, Pune-Satara Road, Dhankawadi, Pune – 411043,
Maharashtra, India |
|
Date of Birth/Age : |
04.03.1953 |
|
Date of Appointment : |
07.02.1997 |
|
DIN No.: |
00089063 |
|
|
|
|
Name : |
Mrs.
Supriya Gajanan Tilak |
|
Designation : |
Director |
|
Address : |
1397,
Shukrawar Peth, Nava Vishnu Chowk, Sangam Sadi Center Lane, Pune – 411002,
Maharashtra, India |
|
Date of Birth/Age : |
18.04.1965 |
|
Date of Appointment : |
28.09.2012 |
|
DIN No.: |
01666713 |
|
|
|
|
Name : |
Mr.
Madan Umakant Takale |
|
Designation : |
Director |
|
Address : |
3,
Archway Kalyani Nagar, Pune – 411006, Maharashtra, India |
|
Date of Birth/Age : |
18.08.1960 |
|
Date of Appointment : |
12.07.2007 |
|
DIN No.: |
01291287 |
KEY EXECUTIVES
|
Name : |
Sridhar
G. Mudaliar |
|
Designation : |
Company
Secretary |
|
Address : |
22-A,
Hanuman Nagar, Off Senapati Bapat Road, Model Colony, Pune – 411016,
Maharashtra, India |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As
on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Govalkonda
Trading Company Private Limited, India |
|
7001 |
|
Janjira
Trading Company Private Limited, India |
|
7001 |
|
Pratapgad
Trading Company Private Limited, India |
|
8000 |
|
Purandhar
Trading Company Private Limited, India |
|
28750 |
|
Rayad
Trading Company Private Limited, India |
|
28750 |
|
Vasai
Fort Trading Company Private Limited, India |
|
8750 |
|
Vishalgad
Trading Company Private Limited, India |
|
750 |
|
Sundaram
Trading and Investment Private Limited, India |
|
10000 |
|
KTMS
Properties Private Limited, India |
|
10000 |
|
Total |
|
109002 |
Equity
Share Break up (Percentage of Total Equity)
As
on: 30.09.2013
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject
is engaged in the business of rendering IT and IT enabled services and safe
and installation of networking and security systems, accessories, etc. |
GENERAL INFORMATION
|
No. of Employees : |
Information
declined by management |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
HDFC
Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel (West), Mumbai
– 400013, Maharashtra, India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
Note: Cash
Credit borrowed from HDFC Bank Limited is repayable on demand. The same is
secured by hypothecation of current assets and plant and machinery. Cash
Credit facility carries interest at the rate of 13% p.a. |
||||||||||||
|
|
|
|
Banking Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Prashant
V. Deo Chartered
Accountant |
|
Address : |
11,
8/B Laxminarayannagar, Erandawana, Pune – 411004, Maharashtra, India |
|
Tel. No.: |
91-20-25465542 |
|
PAN No.: |
ABAPD7786M |
|
|
|
|
Joint Venture : |
Kalyani
(Mauritius) Private Limited, Mauritius |
|
|
|
|
Associates : |
·
Ken Renewable
Holding Limited, Cyrus ·
Kenersys
Renewable Holding BV, Netherland ·
Kenersys Europe
GmbH, Germany ·
Kenersys
Renewable Energies Holding GmbH, Germany ·
Kenersys GmbH,
Germany ·
Kenersys
(Mauritius) Private Limited, Mauritius ·
Kenersys India
Private Limited |
CAPITAL STRUCTURE
As
on: 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
242,000 |
Equity
Shares |
Rs.
10/- each |
Rs.
2.420 Millions |
|
8,000 |
Preference
Shares |
Rs.
10/- each |
Rs.
0.080 Million |
|
|
Total |
|
Rs. 2.500 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
109,002 |
Equity
Shares |
Rs.10/-
each |
Rs. 1.090 Millions |
|
|
|
|
|
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 |
|
1.090 |
1.090 |
|
(b) Reserves & Surplus |
|
320.796 |
316.796 |
|
(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) |
|
321.886 |
317.886 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
|
1.983 |
0.000 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
1.983 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
5.121 |
4.781 |
|
(b) Trade payables |
|
0.776 |
10.734 |
|
(c) Other current liabilities |
|
4.138 |
18.312 |
|
(d)
Short-term provisions |
|
0.829 |
5.950 |
|
Total
Current Liabilities (4) |
|
10.864 |
39.777 |
|
|
|
|
|
|
TOTAL |
|
334.733 |
357.663 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
15.171 |
30.939 |
|
(ii) Intangible Assets |
|
1.884 |
4.500 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
253.081 |
252.345 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
|
14.596 |
16.142 |
|
(e)
Other Non-current assets |
|
1.455 |
1.211 |
|
Total
Non-Current Assets |
|
286.187 |
305.137 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
7.720 |
4.973 |
|
(b) Inventories |
|
0.232 |
5.455 |
|
(c) Trade receivables |
|
24.458 |
36.701 |
|
(d) Cash and cash equivalents |
|
4.921 |
2.523 |
|
(e) Short-term loans and advances |
|
11.215 |
2.874 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
48.546 |
52.526 |
|
|
|
|
|
|
TOTAL |
|
334.733 |
357.663 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS
FUNDS |
|
|
|
|
|
1]
Share Capital |
|
|
1.090 |
|
|
2]
Share Application Money |
|
|
0.000 |
|
|
3]
Reserves & Surplus |
|
|
319.660 |
|
|
4]
(Accumulated Losses) |
|
|
(12.655) |
|
|
NETWORTH |
|
|
308.095 |
|
|
LOAN
FUNDS |
|
|
|
|
|
1]
Secured Loans |
|
|
2.916 |
|
|
2]
Unsecured Loans |
|
|
9.405 |
|
|
TOTAL BORROWING |
|
|
12.321 |
|
|
DEFERRED
TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
320.416 |
|
|
|
|
|
|
|
|
APPLICATION
OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED
ASSETS [Net Block] |
|
|
41.504 |
|
|
Capital
work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
273.562 |
|
|
DEFERREX
TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT
ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
2.183 |
|
|
Sundry
Debtors |
|
|
22.881 |
|
|
Cash
& Bank Balances |
|
|
1.242 |
|
|
Other
Current Assets |
|
|
0.000 |
|
|
Loans
& Advances |
|
|
20.469 |
|
Total
Current Assets |
|
|
46.775 |
|
|
Less : CURRENT LIABILITIES
& PROVISIONS |
|
|
|
|
|
|
Sundry
Creditors |
|
|
17.127 |
|
|
Other
Current Liabilities |
|
|
19.320 |
|
|
Provisions |
|
|
4.978 |
|
Total
Current Liabilities |
|
|
41.425 |
|
|
Net Current Assets |
|
|
5.350 |
|
|
|
|
|
|
|
|
MISCELLANEOUS
EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
320.416 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
72.317 |
120.994 |
77.831 |
|
|
|
Other
Income |
3.464 |
0.525 |
0.494 |
|
|
|
TOTAL |
75.781 |
121.519 |
78.325 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases
of traded goods |
11.369 |
36.611 |
|
|
|
|
Changes
in inventories of stock in trade |
5.223 |
(3.272) |
|
|
|
|
Employee
benefit Expenses |
25.151 |
46.606 |
|
|
|
|
Other
Expenses |
21.706 |
21.844 |
|
|
|
|
TOTAL |
63.449 |
101.789 |
64.417 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
12.332 |
19.730 |
13.908 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.069 |
0.559 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
12.263 |
19.171 |
13.908 |
|
|
|
|
|
|
|
|
|
|
PRIOR
PERIOD ADJUSTMENTS |
0.000 |
0.000 |
(0.007) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.642 |
7.554 |
6.926 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX |
4.621 |
11.617 |
6.975 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.621 |
1.827 |
0.076 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
4.000 |
9.790 |
6.899 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(2.865) |
(12.655) |
(19.554) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO THE
B/S |
1.135 |
(2.865) |
(12.655) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export
of Services |
8.466 |
9.664 |
10.692 |
|
|
|
|
|
|
|
|
|
Earnings Per Share (Rs.) |
36.70 |
89.82 |
63.30 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT
/ Total Income |
(%) |
5.28 |
8.06 |
8.81 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.39 |
9.60 |
8.96 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.66
|
11.03 |
7.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
0.04 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.02
|
0.02 |
0.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.47
|
1.32 |
1.13 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF CURRENT
MATURITIES OF LONG-TERM DEBT: NOT AVAILABLE
|
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if
applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm /
promoter involved in |
---------------------- |
|
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 |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Demand
loan from Companies |
2.205 |
2.203 |
|
Total |
2.205 |
2.203 |
NOTE: The registered
office of the company has been shifted from 20, Nityanand Housing Society, Pune
Satara Road, Pune – 411043, Maharashtra, India to present address w.e.f.30.05.2007.
COMPANY OVERVIEW:
Subject
is a public limited company engaged in the business of rendering IT and IT
enabled services and safe and installation of networking and security systems,
accessories, etc.
INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY.
FIXED
ASSETS:
Tangible
Assets:
·
Plant and
Machinery
·
Furniture and
Fixture
·
Vehicles
·
Office Equipments
Intangible
Assets:
·
Software
·
Goodwill
CMT REPORT (Corruption, Money Laundering & Terrorism]
The
Public Notice information has been collected from various sources including but
not limited to: The Courts, India Prisons Service, Interpol, etc.
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.62.58 |
|
UK
Pound |
1 |
Rs.101.42 |
|
Euro |
1 |
Rs.84.70 |
INFORMATION DETAILS
|
Information Gathered by : |
NYA |
|
|
|
|
Report Prepared by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP
CAPITAL |
1~10 |
3 |
|
OPERATING
SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS
SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT
LINES |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER
MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI
|
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.