MIRA
INFORM REPORT
|
Report Date : |
16.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
SMART CHIP LIMITED |
|
|
|
|
Registered
Office : |
714, Raheja Chambers, 213, Nariman Point, Mumbai – 400021, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
20.05.1996 |
|
|
|
|
Com. Reg. No.: |
11-099664 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 5.622 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30007MH1996PLC099664 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS35288B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCS2005H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is involved in providing smart card system
integration solutions and issuance / sale of smart cards for use in
transportation, health and ID. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1200000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record.
Financials for the year (2010-11), (2011-12) are not available. Also the
management remain non-cooperative denied to part any information about the
company. As per the available record of the year (2010), the company seems
normal for business dealings. As per Registry of Companies the status of the
company is shown as active. Payment terms are unknown. The company can be considered for business dealing with some
cautions. |
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
We are living in a world
where volatility and uncertainty have become the New Normal. We saw a
change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once
powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and the
US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that India regains its growth trajectory of 8-9 % sooner than
later. This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
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 DECLINED
Management Non-Cooperative (91-120-4699900)
LOCATIONS
|
Registered Office : |
714, Raheja Chambers, 213, Nariman Point, Mumbai – 400021, |
|
Tel. No.: |
91-22-65970585/ 22873113 |
|
Mobile No.: |
91-9899600932 (Mr. Sanjiv Jain) |
|
Fax No.: |
91-22-22820538 |
|
E-Mail : |
rajesh.taneja@smartchiponline.com |
|
Website : |
|
|
Location : |
Rented |
DIRECTORS
As on 28.09.2012
|
Name : |
Mr.
Sanjeev Shriya |
|
Designation : |
Director |
|
Address : |
113/101,
Swaroop Nagar, |
|
Date of Birth/Age : |
18.02.1959 |
|
Date of Appointment : |
29.10.2004 |
|
DIN No.: |
00014402 |
|
|
|
|
Name : |
Mr. Alok S. Mukherjee |
|
Designation : |
Director |
|
Address : |
K-12, 3rd Floor, Hauz Khas, New Delhi – 110 016, India |
|
Date of Birth/Age : |
17.07.1959 |
|
Date of Appointment : |
19.05.2003 |
|
DIN No.: |
00186055 |
|
|
|
|
Name : |
Mr. Philippe Dandrea |
|
Designation : |
Director |
|
Address : |
14 BSI RUE Hambetta LE, Mesnil LE ROI, Mesnil – 78600, France |
|
Date of Birth/Age : |
07.02.1959 |
|
Date of Appointment : |
14.12.2007 |
|
DIN No.: |
02016286 |
|
|
|
|
Name : |
Mr. Jean Paul Jainsky |
|
Designation : |
Director |
|
Address : |
22, Avenue Raymond, Croland, 92260, Fontenzy Ux Roses, France. |
|
Date of Birth/Age : |
01.01.1951 |
|
Date of Appointment : |
20.12.2005 |
|
DIN No.: |
02016430 |
|
|
|
|
Name : |
Mr. Marc Antoine Guillard |
|
Designation : |
Director appointed in casual vacancy |
|
Address : |
2 Rue Fragonard, 92 Issy-Les-Moulineaux, Issy Les Moulineaux - 92130 |
|
Date of Birth/Age : |
27.04.1964 |
|
Date of Appointment : |
26.03.2008 |
|
DIN No.: |
02243589 |
|
|
|
|
Name : |
Mr. Franck Jean Michel Herault |
|
Designation : |
Alternate Director |
|
Address : |
I-20, Maharani Bagh, New Delhi – 110025, New Delhi, India |
|
Date of Birth/Age : |
20.08.1964 |
|
Date of Appointment : |
22.02.2012 |
|
DIN No.: |
02629247 |
KEY EXECUTIVES
|
Name : |
KJ and Associates |
|
Designation : |
Company Secretaries |
|
Address : |
211- A, Triveni Complex, E-10-12, Jawahar Park, Lajxmi Nagar, Delhi-110092, India |
|
Tel. No.: |
91-11-42487414 |
|
E-Mail : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Balkrishna Shriya |
|
375 |
|
Gauri Shriya |
|
11459 |
|
Vani Shriya |
|
1120 |
|
Vidushie Shriya |
|
1090 |
|
K.N. Kutty |
|
6 |
|
Jitendra Kumar Srivastava |
|
2 |
|
Anil Pandey |
|
1 |
|
Shri Krishna Dubey |
|
1 |
|
Sagem Orga Gmbh, Germany |
|
548100 |
|
Total |
|
562154 |
As on 28.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
97.50 |
|
Directors or relatives of Directors |
2.50 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is involved in providing smart card system integration
solutions and issuance / sale of smart cards for use in transportation,
health and ID. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
Canara Bank, Janapth, New Delhi, India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
S. N. Dhawan and Company Chartered Accountants |
|
Address : |
C-37, Connought Place, New Delhi – 110001, India |
|
Tel. No.: |
91-11-43684444 |
|
Fax No.: |
91-11-43684445 |
|
PAN No.: |
AAQFS0580H |
|
|
|
|
Holding Company : |
Sagem Orga GmbH Germany |
|
|
|
|
Subsidiary Company
: |
Syscom Corporation Limited CIN No.: U73100MH1996PLC101691 |
|
|
|
|
Enterprises under
Common Control : |
· Sagem Orga UK Limited, U.K. · Sagem Orga USA Incorporated, USA · Sagem Orga (Singapore) Pte Limited, Singapore · Sagem Orga Card System (PTY) Limited, South Africa · Orga Cartes et Systems SARL, France · Sagem Orga Card Systems FZ LCC, Dubai/UAE · Sagem Orga S.R.L, Romania · Sagem Orga do Brasil SA, Brazil · Orga Zetenograd Smart Card and Systems, ZAO, Russia ·
Orgacard Portugal Cartoes e Sistemas
Inteligentes Lda., Portugal |
|
|
|
|
Joint Venture
Partner : |
Inlays India Private Limited |
CAPITAL STRUCTURE
As on 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
950000 |
Equity Shares |
Rs.10/- each |
Rs.9.500 Millions |
|
550000 |
Preference Shares |
Rs.10/- each |
Rs.5.500 Millions |
|
|
Total |
|
Rs.15.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
562154 |
Equity Shares |
Rs.10/- each |
Rs.5.622
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
5.622 |
5.622 |
5.622 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
307.294 |
233.254 |
213.488 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
312.916 |
238.876 |
219.110 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
3.734 |
4.473 |
101.144 |
|
|
2] Unsecured Loans |
0.000 |
40.000 |
0.000 |
|
|
TOTAL BORROWING |
3.734 |
44.473 |
101.144 |
|
|
DEFERRED TAX LIABILITIES |
4.008 |
10.894 |
6.279 |
|
|
|
|
|
|
|
|
TOTAL |
320.658 |
294.243 |
326.533 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
86.008 |
129.005 |
98.668 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
7.641 |
|
|
|
|
|
|
|
|
INVESTMENT |
63.400 |
145.500 |
145.500 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
26.530
|
41.920 |
41.983 |
|
|
Sundry Debtors |
60.097
|
89.563 |
97.382 |
|
|
Cash & Bank Balances |
19.952
|
40.198 |
28.197 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
246.186
|
29.367 |
83.209 |
|
Total
Current Assets |
352.765
|
201.048 |
250.771 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
42.995
|
91.441 |
101.339 |
|
|
Other Current Liabilities |
81.493
|
72.068 |
56.578 |
|
|
Provisions |
57.027
|
17.801 |
18.130 |
|
Total
Current Liabilities |
181.515
|
181.310 |
176.047 |
|
|
Net Current Assets |
171.250
|
19.738 |
74.724 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
320.658 |
294.243 |
326.533 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
511.660 |
407.263 |
387.998 |
|
|
|
Income from Services |
103.209 |
86.661 |
41.523 |
|
|
|
Other Income |
4.836 |
3.038 |
3.274 |
|
|
|
TOTAL (A) |
619.705 |
496.962 |
432.795 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase and Direct Expenses |
272.948 |
|
|
|
|
|
Payments to and Provisions for Employees |
89.112 |
86.627 |
342.235 |
|
|
|
General, Administrative and Selling Expenses |
92.837 |
102.956 |
|
|
|
|
TOTAL (B) |
454.897 |
409.368 |
342.235 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
164.808 |
87.594 |
90.560 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.786 |
9.988 |
14.504 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
163.022 |
77.606 |
76.056 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
49.221 |
44.706 |
39.456 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
113.801 |
32.900 |
36.600 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
39.761 |
13.134 |
14.481 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
74.040 |
19.766 |
22.119 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
101.285 |
81.519 |
59.400 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
175.325 |
101.285 |
81.519 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of Goods |
0.000 |
0.000 |
2.850 |
|
|
|
Technical Service Income |
92.784 |
80.077 |
38.015 |
|
|
|
Others |
0.000 |
0.000 |
0.036 |
|
|
TOTAL EARNINGS |
92.784 |
80.077 |
40.901 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
0.000 |
0.000 |
4.043 |
|
|
|
Traded Goods |
6.395 |
46.336 |
67.315 |
|
|
|
Other |
0.000 |
0.000 |
0.561 |
|
|
TOTAL IMPORTS |
6.395 |
46.336 |
71.919 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
131.71 |
35.16 |
39.35 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
11.95
|
3.98 |
5.11 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
22.24
|
8.08 |
9.43 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
25.94
|
9.97 |
10.47 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.36
|
0.14 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.01
|
0.19 |
0.46 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.94
|
1.11 |
1.42 |
LOCAL AGENCY FURTHER INFORMATION
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 |
No |
|
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 |
BACKGROUND
The company is involved in providing smart card system integration solutions and issuance/sale of smart cards for use in transportation, health and ID.
UNSECURED LOAN
Rs. In Millions
|
Particular |
As
on 31.03.2010 |
As
on 31.03.2009 |
|
|
|
|
|
Working Capital Demand Loan form Bank |
0.000 |
40.000 |
|
Total |
0.000 |
40.000 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10085235 |
07/01/2008 |
982,000.00 |
CANARA BANK |
74, JANPATH, NEW DELHI, DELHI - 110001, INDIA |
A30768899 |
|
2 |
10085236 |
23/11/2007 |
609,000.00 |
CANARA BANK |
74, JANPATH, NEW DELHI, DELHI - 110001, INDIA |
A30767925 |
|
3 |
10071884 |
07/09/2007 |
1,970,000.00 |
CANARA BANK |
74, JANPATH, NEW DELHI, DELHI - 110001, INDIA |
A25284407 |
|
4 |
10050139 |
20/03/2007 |
799,000.00 |
CANARA BANK |
74, JANPATH, NEW DELHI, DELHI - 110048, INDIA |
A14961288 |
|
5 |
10018500 |
11/08/2006 |
10,000,000.00 |
CANARA BANK |
74, JANPATH, NEW DELHI, DELHI - 110001, INDIA |
A03809613 |
|
6 |
10016603 |
05/08/2006 |
30,000,000.00 |
CANARA BANK |
74, JANPATH, NEW DELHI, DELHI - 110001, INDIA |
A03718244 |
|
7 |
90157433 |
07/03/2000 |
5,013,000.00 |
INDIAN OVERSEAS BANK |
DEFENCE COLONY, NEW DELHI, DELHI, INDIA |
- |
* Date of charge modification
FIXED ASSETS
· Office equipment
· Furniture and fixture
· Cars
· Air-conditions
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 records 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] 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.61.69 |
|
|
1 |
Rs.98.59 |
|
Euro |
1 |
Rs.83.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
29 |
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.