MIRA INFORM REPORT

 

 

Report Date :

17.10.2013

 

IDENTIFICATION DETAILS

 

Name :

E2E INFOTECH LTD. 

 

 

Registered Office :

St James House, 13 Kensington Square, London, W8 5HD

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

27.04.2000

 

 

Com. Reg. No.:

03981436

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Software components and consulting services to the financial services industry, specialising in the area of trading and investment banking

 

 

No. of Employees :

07

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Slow

Litigation :

Clear

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – March 31st, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

United Kingdom

A1

A1

 

Risk Category

ECGC Classification

 

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 

United Kingdom ECONOMIC OVERVIEW

 

The UK, a leading trading power and financial center, is the second largest economy in Europe after Germany. Over the past two decades, the government has greatly reduced public ownership and contained the growth of social welfare programs. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining and the UK became a net importer of energy in 2005. Services, particularly banking, insurance, and business services, account by far for the largest proportion of GDP while industry continues to decline in importance. After emerging from recession in 1992, Britain's economy enjoyed the longest period of expansion on record during which time growth outpaced most of Western Europe. In 2008, however, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Sharply declining home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets; these include nationalizing parts of the banking system, temporarily cutting taxes, suspending public sector borrowing rules, and moving forward public spending on capital projects. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated a five-year austerity program, which aimed to lower London's budget deficit from over 10% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 because of slower-than-expected economic growth and the impact of the euro-zone debt crisis. The CAMERON government raised the value added tax from 17.5% to 20% in 2011. It has pledged to reduce the corporation tax rate to 21% by 2014. The Bank of England (BoE) implemented an asset purchase program of up to £375 billion (approximately $605 billion) as of December 2012. During times of economic crisis, the BoE coordinates interest rate moves with the European Central Bank, but Britain remains outside the European Economic and Monetary Union (EMU). In 2012, weak consumer spending and subdued business investment weighed on the economy. GDP fell 0.1%, and the budget deficit remained stubbornly high at 7.7% of GDP. Public debt continued to increase.

 

Source : CIA

 

 


 

Company name & address

 

E2E Infotech Ltd.

St James House

13 Kensington Square

London, W8 5HD

United Kingdom

 

 

Synthesis

           

Employees:                  7

Company Type:            Private Subsidiary

Corporate Family:          14 Companies

Ultimate Parent:             aurionPro Solutions Limited

Quoted Status:             Non-quoted Company

Incorporation Date:         27-Apr-2000

Auditor:                         Harmer Slater Ltd.         

Financials in:                 USD (Millions)

Fiscal Year End:            31-Mar-2013

Reporting Currency:       British Pound Sterling

Annual Sales:               4.0  1

Net Income:                  (0.1)

Total Assets:                2.3

 

 

Business Description     

 

Software components and consulting services to thefinancial services industry, specialising in the area of trading and investment banking.

 

Industry             

Industry            Computer System Design Services

ANZSIC 2006:    7000 - Computer System Design and Related Services

ISIC Rev 4:        6202 - Computer consultancy and computer facilities management activities

NACE Rev 2:     6202 - Computer consultancy activities

NAICS 2012:     541512 - Computer Systems Design Services

UK SIC 2007:    6202 - Computer consultancy activities

US SIC 1987:    7379 - Computer Related Services, Not Elsewhere Classified

 


Key Executives   

 

Name

Title

Per Anders Gunnar Henriksson

Director

Dag Magni

Director

Vaibhav Shukla

Director

 

 

Financial Summary

             

 

FYE: 31-Mar-2013

USD (mil)

Key Figures

 

Current Assets

2.31

Fixed Assets

0.0041

Total Liabilities

1.18

Net Worth

1.14

 

Key Ratios

 

Current Ratio

1.96

Acid Test

1.96

 

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6329098

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6591356

 

 

Corporate Overview

 

Location

St James House

13 Kensington Square

London, W8 5HD

London County

           

Sales GBP(mil)  :           2.5

Assets GBP(mil):           1.5

Employees:                   7

Fiscal Year End:            31-Mar-2013

Industry:                        Computer Services

           

Registered Address:

St James House

13 Kensington Square

London, W8 5HD

United Kingdom

Incorporation Date:         27-Apr-2000

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(UK):       03981436

Director:                        Dag Magni

 

Industry Codes

 

ANZSIC 2006 Codes:

7000     -          Computer System Design and Related Services

696       -          Management and Related Consulting Services

 

ISIC Rev 4 Codes:

6202     -          Computer consultancy and computer facilities management activities

7020     -          Management consultancy activities

 

NACE Rev 2 Codes:

6202     -          Computer consultancy activities

7022     -          Business and other management consultancy activities

 

NAICS 2012 Codes:

541512  -          Computer Systems Design Services

54161   -          Management Consulting Services

 

US SIC 1987:

7379     -          Computer Related Services, Not Elsewhere Classified

874       -          Management and Public Relations Services

 

UK SIC 2007:

6202     -          Computer consultancy activities

7022     -          Business and other management consultancy activities

 

Business Description

Software components and consulting services to thefinancial services industry, specialising in the area of trading and investment banking.

 

Financial Data

Financials in:

GBP(mil)

 

Revenue:

2.5

Net Income:

-0.1

Assets:

1.5

Current Assets:

1.5

 

Fixed Assets:

0.0

 

Long Term Debt:

0.0

 

Total Liabilities:

0.8

 

Issued Capital:

0.0

 

Working Capital:

0.7

 

Net Worth:

0.8

 

 

 

Date of Financial Data:

31-Mar-2013

 

1 Year Growth

-2.9%

NA

NA

 

Key Corporate Relationships

Auditor:

Harmer Slater Ltd.

 

Auditor:

Harmer Slater Ltd.

 

Auditor History

Harmer Slater Ltd.

31-Mar-2013

Harmer Slater Ltd.

31-Mar-2012

Harmer Slater Ltd.

31-Mar-2011

Harmer Slater Ltd.

31-Mar-2010

Harmer Slater

31-Mar-2009

 

 

 

GBP(mil)

Audit Fees:

0.0

Non Audit Fees:

0.0

Audit Fiscal Year:

03-31-2013

 

 

 

 

 

 

Corporate Family

Corporate Structure News:

 

aurionPro Solutions Limited
E2E Infotech Ltd.

E2E Infotech Ltd. 
Total Corporate Family Members: 14 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

aurionPro Solutions Limited

Parent

Mumbai

India

Computer Programming

107.1

1,250

 

Sena Systems (India) Pvt. Ltd.

Subsidiary

Pune, Maharashtra

India

Miscellaneous Professional Services

 

150

 

AurionPro Solutions, SPC

Subsidiary

Manama

Bahrain

Computer System Design Services

 

100

 

Integro Technologies Pte Ltd.

Subsidiary

Singapore

Singapore

Computer Programming

 

90

 

Aurionpro Solutions Limited

Branch

Mumbai, Maharashtra

India

Computer Programming

 

80

 

Enline Plc

Subsidiary

Wetherby

United Kingdom

Software

 

40

 

Sena Systems Inc

Subsidiary

Iselin, NJ

United States

Consulting Services

6.5

30

 

Aurionpro Solutions Pte. Ltd.

Subsidiary

Singapore

Singapore

Software

2.4

10

 

E2E Infotech Ltd.

Subsidiary

London

United Kingdom

Computer System Design Services

4.0

7

 

Acquisition by CameronTec AB proposed/announced.See corporate structure news on aurionPro Solutions Limited for details

Silicon Tech Corp.

Subsidiary

Santa Clara, CA

United States

Computer System Design Services

0.4

5

 

AurionPro Solutions (HK) Ltd.

Subsidiary

Causeway Bay

Hong Kong

Software

 

4

 

Seeinfobiz Private Limited

Subsidiary

Mumbai, Maharashtra

India

Wired Telecommunications Carriers

1.2

 

 

Aurionpro SCM Pte Ltd.

Subsidiary

Singapore

Singapore

Computer Programming

 

 

 

Aurionpro Solutions PTY Ltd.

Subsidiary

Melbourne, VIC

Australia

Computer System Design Services

 

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Per Anders Gunnar Henriksson

 

Director

Director/Board Member

 

Age: 40

 

Dag Magni

 

Director

Director/Board Member

 

 

Age: 44

.

Vaibhav Shukla

 

Director

Director/Board Member

 

 

Age: 41

 

 

directors & shareholders Report

 

Main Office Address:
St James House
13 Kensington Square
London
United Kingdom W8 5HD

 

Annual Return Date: 06 Nov 2012
Total Issued Capital (GBP 000): 10

 

Individual Directors


Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Dag 
Magni

Current

07 Apr 1969

23 Camomile Street, 
London , London EC3A 7LL

10 Jul 2013

NA

Current:2
Previous:0
Disqualifications:0

 

Per Anders Gunnar 
Henriksson

Current

27 Nov 1972

23 Camomile Street, 
London , London EC3A 7LL

10 Jul 2013

NA

Current:1
Previous:0
Disqualifications:0

 

Vaibhav 
Shukla

Current

11 Jun 1972

15 Mulberry Place, 
London , London SE9 6AR

07 Oct 2001

NA

Current:3
Previous:4
Disqualifications:0

 

Amit Rameshchandra
Sheth

Previous

15 Nov 1967

B-1204 Eternia Main Street, Hiranandani Gardens Powai, 
Mumbai, 400 076

29 Sep 2007

10 Jul 2013

Current:0
Previous:1
Disqualifications:0

 

Paresh Chandulal 
Zaveri

Previous

22 Dec 1967

3 Siglap Road \06-23, Mandarin Gardens, 
Singapore

29 Sep 2007

24 Jun 2010

Current:0
Previous:1
Disqualifications:0

 

Danilo 
Tilloca

Previous

04 Aug 1964

C/O Unicredit Banca Mobiliare S.P.A., 
Corso Italia 3, 20122 Milano I-20122

05 Oct 2004

01 Jun 2005

Current:0
Previous:1
Disqualifications:0

 

Per Anders Gunnar 
Henriksson

Previous

27 Nov 1972

Stadiongasse 5/7, 
Vienna

07 May 2003

29 Sep 2007

Current:1
Previous:1
Disqualifications:0

 

Samir 
Shah

Previous

06 Feb 1973

2410 Camino Ramon, Suite 339, 
San Ramon, Ca

24 Jun 2010

10 Jul 2013

Current:1
Previous:1
Disqualifications:0

 

Monika 
Kapoor

Previous

24 Feb 1972

18 Crathie Road, 
London , London SE12 8BX

27 Apr 2000

07 Oct 2001

Current:0
Previous:1
Disqualifications:0

 

Nirav 
Shah

Previous

12 Jul 1973

199A Hither Green Lane, 
London , London SE13 6RP

27 Apr 2000

27 May 2004

Current:0
Previous:1
Disqualifications:0

 

Ulf 
Sigfridsson

Previous

31 Dec 1960

Ornbogatan 36, 
Bromma, 16766 Bromma

19 Jun 2002

05 Oct 2004

Current:0
Previous:1
Disqualifications:0

 

Fredrik Sverker Assar Olof 
Hjorth

Previous

04 Aug 1966

Himalbacken 8,
Solna, 17078 Solna

19 Jun 2002

07 May 2003

Current:0
Previous:1
Disqualifications:0

 

Luca 
Pagetti

Previous

11 Oct 1966

200 East 94 Street - Apt 2212, 200 East 94 Street - Apt 2212, 
New York Ny 10128, New York

19 Jun 2002

14 Jul 2004

Current:0
Previous:1
Disqualifications:0

 

Tito 
Nocentini

Previous

22 Apr 1971

Via Masaccio 201, 
Firenze, 50132 Firenze

19 Jun 2002

26 May 2004

Current:0
Previous:1
Disqualifications:0

 

Amit 
Khungar

Previous

22 Nov 1972

26 Lakeside Avenue, Thamesmead, 
Thamesmead, London SE28 8RU

27 May 2004

05 Oct 2004

Current:0
Previous:1
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors


Company Name

Status

Registered Address

Appointment Date

Resignation Date

Waterlow Nominees Limited

Previous

6-8 Underwood Street, 
London , London N1 7JQ

27 Apr 2000

27 Apr 2000

 

 

Individual Secretaries


Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Amit 
Khungar

Previous

22 Nov 1972

131 Mcleod Road, 
London , London SE2 0BN

05 Oct 2004

02 Feb 2006

Current:0
Previous:1
Disqualifications:0

 

Dewangi 
Shah

Previous

05 Nov 1976

199A Hither Green Lane, 
London , London SE13 6RP

27 Apr 2000

07 Oct 2001

Current:0
Previous:1
Disqualifications:0

 

Vaibhav 
Shukla

Previous

11 Jun 1972

15 Mulberry Place, 
London , London SE9 6AR

07 Oct 2001

05 Oct 2004

Current:3
Previous:4
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries


Company Name

Status

Registered Address

Appointment Date

Resignation Date

Goodwille Corporate Services Limited

Current

St James House, 13 Kensington Square, 
London , London W8 5HD

02 Feb 2006

NA

Waterlow Secretaries Limited

Previous

6-8 Underwood Street, 
London , London N1 7JQ

27 Apr 2000

27 Apr 2000

 

 

 

Individual Shareholders


Name

Share Details 
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

Aurionpro Solutions Limited

10000 Ordinary GBP 1.00

Ordinary

10,000

1.00

10,000.00

100.00

 

 

 

 

 

 

 

 

Corporate Shareholders


There are no corporate shareholders for this company.

 

 

 

Annual profit & loss

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

31-Mar-2013

31-Mar-2012

31-Mar-2011

31-Mar-2010

31-Mar-2009

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.63291

0.626752

0.643394

0.627794

0.592803

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Turnover (UK)

0.6

0.3

0.4

0.7

0.7

Turnover (Exports)

3.4

3.9

3.7

2.4

2.8

Total Turnover

4.0

4.2

4.1

3.0

3.5

Cost of Sales

3.5

3.1

3.3

2.2

2.8

Gross Profit

0.5

1.1

0.8

0.8

0.7

Depreciation

0.0

0.0

0.0

0.0

0.0

Other Expenses

0.7

1.0

0.7

0.6

0.4

Operating Profit

-0.1

0.1

0.0

0.2

0.3

Other Income

0.0

0.0

0.0

0.0

0.0

Interest Paid

0.0

0.0

0.0

0.0

0.0

Exceptional Income

0.0

0.0

0.0

0.0

0.0

Discontinued Operations

0.0

0.0

0.0

0.0

0.0

Profit Before Taxes

-0.1

0.1

0.0

0.2

0.3

Tax Payable / Credit

0.0

0.0

0.0

0.1

0.1

Extraordinary Items/Debits

0.0

0.0

0.0

0.0

0.0

Dividends

0.0

0.0

0.0

0.0

0.0

Profit After Taxes

-0.1

0.1

0.0

0.2

0.2

Minority Interests (Profit & Loss)

0.0

0.0

0.0

0.0

0.0

Audit Fees

0.0

0.0

0.0

0.0

0.0

Non Audit Fees

0.0

0.0

0.0

0.0

0.0

Number of Employees

7

10

-

-

-

Wages

1.1

0.7

1.2

0.8

0.9

Social Security Costs

0.1

0.1

0.2

0.1

0.1

Pensions

-

-

-

-

0.0

Other Pension Costs

0.2

0.1

0.0

0.0

0.0

Employees Remuneration

1.4

0.9

1.4

0.9

1.1

Other Costs

-

-

-

-

0.3

Directors Remuneration

0.3

0.3

0.2

0.3

0.3

Highest Paid Director

0.3

-

-

-

-

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Mar-2013

31-Mar-2012

31-Mar-2011

31-Mar-2010

31-Mar-2009

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.659136

0.628108

0.62385

0.659239

0.697666

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Land & Buildings

0.0

0.0

0.0

0.0

0.0

Fixtures & Fittings

0.0

0.0

0.0

0.0

0.0

Plant & Vehicles

0.0

0.0

0.0

0.0

0.0

Total Tangible Fixed Assets

0.0

0.0

0.0

0.0

0.0

Intangible Assets

0.0

0.0

0.0

0.0

0.0

Investments

0.0

0.0

0.0

0.0

0.0

Total Fixed Assets

0.0

0.0

0.0

0.0

0.0

Stocks

0.0

0.0

0.0

0.0

0.0

Work in Progress

0.0

0.0

0.0

0.0

0.0

Total Stocks Work In Progress

0.0

0.0

0.0

0.0

0.0

Trade Debtors

0.5

0.6

0.9

0.6

0.5

Inter-Company Debtors

1.2

1.4

0.5

0.6

0.3

Director Loans

0.1

-

-

-

-

Other Debtors

0.1

0.2

0.1

0.1

0.1

Total Debtors

1.9

2.2

1.5

1.3

0.9

Cash and Equivalents

0.4

0.6

0.8

0.7

0.8

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

2.3

2.7

2.3

1.9

1.7

Total Assets

2.3

2.7

2.3

1.9

1.7

Trade Creditors

0.0

0.1

0.0

0.0

0.0

Inter-Company Creditors

0.6

0.7

0.2

0.1

-

Accruals/Deferred Income (Current Liability)

0.5

0.4

0.7

0.6

0.5

Social Security/VAT

0.0

0.1

0.1

0.0

0.1

Corporation Tax

0.0

0.0

0.0

0.0

0.0

Other Current Liabilities

0.0

0.1

0.0

0.0

0.0

Total Current Liabilities

1.2

1.4

1.1

0.7

0.7

Group Loans (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Director Loans (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Hire Purchase (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Leasing (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Total Hire Purchase Loans (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Other Long Term Loans

0.0

0.0

0.0

0.0

0.0

Accruals/Deferred Income (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Other Long Term Liabilities

0.0

0.0

0.0

0.0

0.0

Total Long Term Liabilities

0.0

0.0

0.0

0.0

0.0

Deferred Taxation

0.0

0.0

0.0

0.0

0.0

Other Provisions

0.0

0.0

0.0

0.0

0.0

Total Provisions

0.0

0.0

0.0

0.0

0.0

Issued Capital

0.0

0.0

0.0

0.0

0.0

Share Premium Accounts

0.3

0.3

0.3

0.3

0.3

Revaluation Reserve

0.0

0.0

0.0

0.0

0.0

Retained Earnings

0.8

1.0

0.9

0.9

0.7

Other Reserves

0.0

0.0

0.0

0.0

0.0

Minority Interests (Balance Sheet)

0.0

0.0

0.0

0.0

0.0

Total Shareholders Funds

1.1

1.3

1.3

1.2

1.0

Net Worth

1.1

1.3

1.3

1.2

1.0

 

Annual Ratios

Financials in: USD (mil)

 

 

31-Mar-2013

31-Mar-2012

31-Mar-2011

31-Mar-2010

31-Mar-2009

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.659136

0.628108

0.62385

0.659239

0.697666

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

1.96

1.94

2.18

2.58

2.38

Liquidity Ratio

1.96

1.94

2.18

2.58

2.38

Credit Period (Days)

5,193.00

5,110.00

7,732.00

8,039.00

5,659.00

Working Capital by Sales

2,955.00%

3,179.00%

2,971.00%

4,127.00%

3,277.00%

Trade Credit by Debtors

4.00

15.00

2.00

2.00

2.00

Return on Capital

-1,130.00%

755.00%

160.00%

1,841.00%

2,842.00%

Return on Assets

-556.00%

367.00%

87.00%

1,128.00%

1,647.00%

Profit Margin

-335.00%

242.00%

48.00%

761.00%

933.00%

Return on Shareholders Funds

-1,130.00%

755.00%

160.00%

1,841.00%

2,842.00%

Borrowing Ratio

5,459.00%

5,419.00%

1,934.00%

948.00%

-

Equity Gearing

4,920.00%

4,867.00%

5,434.00%

6,127.00%

5,797.00%

Interest Coverage

-

-

1,267,100.00

-

3,078.00

Sales by Tangible Assets

92,730.00

40,661.00

51,524.00

144,964.00

162,783.00

Average Remuneration per Employee

0.2

0.1

-

-

-

Profit per Employee

0.0

0.0

-

-

-

Sales per Employee

0.5

0.4

-

-

-

Capital Employed per Employee

0.2

0.1

-

-

-

Tangible Assets per Employee

0.0

0.0

-

-

-

Total Assets per Employee

0.3

0.3

-

-

-

Employee Remuneration by Sales

3,465.00%

2,223.00%

3,416.00%

2,975.00%

3,058.00%

Creditor Days (Cost of Sales Based)

268.00

1,012.00

184.00

243.00

168.00

Creditor Days (Sales Based)

233.00

750.00

149.00

176.00

133.00

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.69

UK Pound

1

Rs.98.59

Euro

1

Rs.83.67

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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 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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.