Business
information report
1. Summary Information
|
Country |
|
||
|
Company Name |
VERSATILE CARD TECHNOLOGY PRIVATE LIMITED |
Principal Name 1 |
Mr. Pethinaidu Thathinaidu Sarguru |
|
Status |
Moderate |
Principal Name 2 |
Mr. Pushparaj
Venkitasamy |
|
Registration # |
18-039730 |
||
|
Street Address |
AC 21, 4th |
||
|
Established Date |
05.01.1998 |
SIC Code |
-- |
|
Telephone# |
91-44-24781551 |
Business Style 1 |
Manufacturers |
|
Fax # |
91-44-24781571 |
Business Style 2 |
Exporters |
|
Homepage |
Product Name 1 |
PVC Sheets |
|
|
# of employees |
Not Available |
Product Name 2 |
Overlay |
|
Paid up capital |
Rs. 157,342,000/- |
Product Name 3 |
Paper Board |
|
Shareholders |
Directors or
relatives of Directors – 100% |
Banking |
Axis Bank
Limited |
|
Public Limited Corp. |
No |
Business Period |
15 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (29) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Related
Parties |
|
Versatile Card Technologies Inc |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
127,992,000 |
Current Liabilities |
74,287,000 |
|
Inventories |
106,608,000 |
Long-term Liabilities |
144,128,000 |
|
Fixed Assets |
279,399,000 |
Other Liabilities |
85,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
218,500,000 |
|
Invest& other Assets |
12,500,000 |
Retained Earnings |
150,657,000 |
|
|
|
Net Worth |
307,999,000 |
|
Total Assets |
526,499,000 |
Total Liab. & Equity |
526,499,000 |
|
Total Assets (Previous Year) |
529,340,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
NA |
Net Profit / (Loss) |
(16,200,000) |
|
Sales(Previous yr) |
449,874,000 |
Net Profit(Prev.yr) |
17,152,000 |
MIRA INFORM REPORT
|
Report Date : |
23.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
VERSATILE CARD TECHNOLOGY PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
CREATIVE AUTOMATION PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
AC 21, 4th |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
05.01.1998 |
|
|
|
|
Com. Reg. No.: |
18-039730 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 157.342 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30006TN1998PTC039730 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEV2414G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCV0567B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers and Exporters of PVC Sheets, Overlay, paper
Board and Plastic Cards. |
|
|
|
|
No. of Employees
: |
Not Available |
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 1231000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. Management has failed to file the financial statements after F Y 2011
with the government department. As per available record, there appears a loss incurred by the company
from its operations. However, trade relations are fair. Business is active. Payments are
unknown. The company can be considered for business dealings with some
caution. |
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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India’s current
account deficit or CAD in April-June widened to 4.9 % of gross domestic product.
High imports of gold and oil led to a worsening of the traqde deficit,
resulting in CAD jumping to $ 21.8 billion to the latest quarter from $ 16.9
billion in the corresponding quarter of the previous financial year. The
government aims to bring down CAD to 3.7 % or $ 70 billion, in 2013/14, from
4.8 % or $ 88.2 billion in 2012/13.
The finance ministry
has started preparations for Budget 2014/15. With general elections scheduled
to be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court
has barred clinical trials for new drugs till a monitoring mechanism is put in
place to protect the lives of people on which the drugs are tested.
Mumbai has been
named the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital Helsinki bagged the top
spot for the world’s most honest city while Lisbon, the capital of Portugal,
proved to be the least honest. The survey put hundreds of people to test
in four continents to find out just how honest they were by dropping wallets
and seeing how many would be returned.
3.7 % Growth of the
core sector in August, a seven month high. This takes the overall growth in
April-August this year to 2.3 % compared with 6.3 % in the corresponding period
next financial year.
$19 million
Estimated average spending by companies across the globe including India, on
social media this year, according to a global study by information technology
major Tata Consultancy Services. This will rise to $ 24 million in 2015.
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the
spending capacity in India. Over 72 % respondents from middle and lower middle
income families would be forced to slash their Diwali expenditure by 40 % and
on average spend nearly 25 % of their monthly salary on Diwali, according to a
survey by Assochem.
Analysts believe the
shutdown of the US government would have limited impact in sectors such as IT
or tourism that are dependent on Visa clearances.
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 BY
Management non co-operative
LOCATIONS
|
Registered Office/ Factory : |
AC 21, 4th |
|
Tel. No.: |
91-44-24781551 |
|
Fax No.: |
91-44-24781571 |
|
E-Mail : |
DIRECTORS
AS ON 10.06.2011
|
Name : |
Mr. Pethinaidu Thathinaidu Veluchamy |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
30.12.1945 |
|
Qualification : |
M.S. |
|
Date of Appointment : |
06.01.1998 |
|
Date of Cessation : |
01.04.2012 |
|
DIN No.: |
01239944 |
|
|
|
|
Name : |
Mrs. Parmeswari Veluchamy |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
12.03.1948 |
|
Qualification : |
B. Sc |
|
Date of Appointment : |
06.01.1998 |
|
Date of Cessation : |
01.04.2012 |
|
DIN No.: |
01239963 |
|
|
|
|
Name : |
Mr. Pushparaj
Venkitasamy |
|
Designation : |
Director |
|
Address : |
10, South 280, |
|
Qualification : |
B.E. |
|
Date of Appointment : |
27.05.2000 |
|
DIN No.: |
01829322 |
|
|
|
|
Name : |
Mr. Arjun Parthasarathy |
|
Designation : |
Director |
|
Address : |
24, Karpagambal Nagar, Mylapore, Chennai-600004, Tamilnadu, India |
|
Date of Birth/Age : |
01.05.2009 |
|
Date of Appointment : |
24.08.2009 |
|
Date of Cessation : |
01.07.2011 |
|
DIN No.: |
01892022 |
|
|
|
|
Name : |
Mr. Pethinaidu Thathinaidu Sarguru |
|
Designation : |
Director |
|
Address : |
2700, Oak brook Road, Oak Brook, IIIinois-60523, USA |
|
Date of Appointment : |
12.11.2009 |
|
DIN No.: |
02822611 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U30006TN1998PTC039730
|
VERSATILE CARD
TECHNOLOGY PRIVATE LIMITED |
Director |
12/11/2009 |
12/11/2009 |
Active |
NO |
|
2 |
U72200TN2003PTC050662
|
CAC SOFTWARE
CONSULTANCY PRIVATE LIMITED |
Additional
director |
01/10/2010 |
01/10/2010 |
Active |
NO |
|
3 |
U65999TN2002PTC048553
|
GLOBAL CARD
SYSTEMS PRIVATE LIMITED |
Additional
director |
01/10/2010 |
01/10/2010 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 10.06.2011
|
Names of Shareholders |
No. of Shares |
|
Mahalakshmi Parthasarthy |
1 |
|
K.G. Parthasarathy |
1 |
|
Pethinaidu Veluchamy and Parameshwari Veluchamy |
944118 |
|
G Rajaram |
5506663 |
|
Renuga Devi |
5506663 |
|
Arunkumar Veluchamy |
1888400 |
|
Anuradha Veluchamy |
1888400 |
|
TOTAL
|
15734246 |
AS ON 10.06.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers and Exporters of PVC Sheets, Overlay, paper
Board and Plastic Cards. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS (AS ON : 31.03.2011)
|
Particulars |
Unit |
Actual
Production |
|
|
|
|
|
Card |
No. of Cards |
890.06 Lacs |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kennedy and Company Chartered Accountant |
|
Address : |
Plot No.1703, I Block, 35th Street, Annanagar West,
Chennai-600040, Tamilnadu, India |
|
PAN No.: |
AARPJ3536D |
|
|
|
|
Related Parties : |
Versatile Card Technologies Inc., USA |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs. 200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15734246 |
Equity Shares |
Rs.10/- each |
Rs. 157.342
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
157.342 |
157.342 |
197.342 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
150.657 |
167.937 |
151.772 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
307.999 |
325.279 |
349.114 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
144.128 |
137.123 |
175.521 |
|
|
2] Unsecured Loans |
0.000 |
10.000 |
0.000 |
|
|
TOTAL BORROWING |
144.128 |
147.123 |
175.521 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
452.127 |
472.402 |
524.635 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
279.399 |
322.287 |
312.968 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
12.500 |
12.500 |
12.500 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
106.608
|
103.553 |
85.936
|
|
|
Sundry Debtors |
75.824
|
63.145 |
179.120
|
|
|
Cash & Bank Balances |
1.572
|
1.281 |
1.547
|
|
|
Other Current Assets |
0.000
|
0.000 |
0.000
|
|
|
Loans & Advances |
50.596
|
26.574 |
32.700
|
|
Total
Current Assets |
234.600
|
194.553 |
299.303 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
55.502
|
31.103 |
71.285 |
|
|
Other Current Liabilities |
18.785
|
16.193 |
16.586
|
|
|
Provisions |
0.085
|
9.642 |
12.307
|
|
Total
Current Liabilities |
74.372
|
56.938 |
100.178 |
|
|
Net Current Assets |
160.228
|
137.615 |
199.125
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.042 |
|
|
|
|
|
|
|
|
TOTAL |
452.127 |
472.402 |
524.635 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
449.874 |
569.659 |
|
|
|
Other Income |
|
18.013 |
7.427 |
|
|
|
TOTAL |
NA |
467.887 |
577.086 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
441.935 |
551.061 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
(16.200) |
25.952 |
26.025 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
8.800 |
11.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
(16.200) |
17.152 |
14.525 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
132.089 |
278.198 |
202.735 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(1.03) |
1.09 |
0.74 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
3.67 |
2.52 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
5.77 |
4.57 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(3.15)
|
5.02 |
4.25 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.05)
|
0.08 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.23
|
0.63 |
0.79 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.15
|
3.42 |
2.99 |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
two 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) |
Yes |
|
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 |
No |
|
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 Loan |
Rs.
In Millions 31.03.2011 |
Rs.
In Millions 31.03.2010 |
|
Loans directors unsecured |
0.000 |
10.000 |
|
|
|
|
|
TOTAL |
0.000 |
10.000 |
VIEW INDEX OF
CHARGES
|
S. No |
Charge ID |
Date of Charge Creation /Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN |
|
1 |
10416998 |
06/04/2013 * |
98,100,000.00 |
Tamilnad Mercantile Bank Limited |
Chennai T. T. K. Road Branch, 4, T. T. K.
Road, Royapettah, Chennai, Tamil Nadu - 600014, India |
B73014094 |
|
2 |
10214165 |
11/03/2010 |
45,000,000.00 |
IDBI Bank Limited |
115, Anna Salai, P.B. No.805, Saidapet,
Chennai, |
A83669366 |
|
3 |
10126149 |
26/09/2012 * |
63,000,000.00 |
AXIS BANK LTD |
Corporate Banking Branch, Ground Floor,
Karumuthu |
B59546549 |
|
* Date of charge modification |
||||||
NOTE
The registered office of the company has been shifted from 51, Mount Ponamalle Road, ST Thomas Mount, Chennai-600016, Tamilnadu, India to the present address w.e.f. 29.12.2008
FIXED ASSETS
- Land
- Building
- Machinery
- Electrical
Equipments
- Air Condition
Unit
- Computer and
Accessories
- Furniture
& Fittings
- Office
Equipments
- Safety
Equipments
- Vehicles
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. 61.78 |
|
UK Pound |
1 |
Rs. 99.65 |
|
Euro |
1 |
Rs. 84.48 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
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.