|
Report Date : |
24.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
REALTIME TECHSOLUTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
59, 3rd Floor, 4th Main, 18th Cross,
Malleswaram, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
25.02.1998 |
|
|
|
|
Com. Reg. No.: |
08-023423 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 25.116 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74140KA1998PTC023423 |
|
|
|
|
IEC No.: |
0798003693 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRR01258F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACR8662G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of Design, Development and
Integration of Mini and Micro Computer based Modules and Systems and Trading and
Development of Computer Software. |
|
|
|
|
No. of Employees
: |
110 [Office=38 + Factory=32 + Branch=40] (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Eventhough the company has seen a slight dip in its sales turnover,
there appears an increase in its net profitability during 2013. The rating also take into consideration subjects average financial
risk profile and its established market position as on IT services vendor to
government organizations. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. 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.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
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
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating:- “BBB-” |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
14.03.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating:- “A3” |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
14.03.2013 |
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. R. Balachandran |
|
Designation : |
Chief Financial Officer |
|
Contact No.: |
91-9445283263 |
|
Date : |
23.10.2013 |
LOCATIONS
|
Registered Office : |
59, 3rd Floor, 4th Main, 18th Cross, Malleswaram,
Bangalore – 560055, Karnataka, India |
|
Tel. No.: |
91-80-23448610/ 11/ 12 |
|
Mobile No.: |
91-9445283263 (R. Balachandran) |
|
Fax No.: |
91-80-41282499 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
3500 Sq. ft. |
|
Location : |
Rented |
|
|
|
|
Factory: |
B-71, 2nd Floor, KSSIDC, Industrial Estate, West of Chord
Road, Rajajinagar, Bangalore – 560010, India |
|
Tel. No.: |
91-80-23405745/ 46 |
|
Fax No.: |
91-80-42110036 |
|
Area : |
4000 Sq. ft. |
|
Location : |
Rented |
|
|
|
|
Branches : |
E-43, Sector – 6, Noida, Uttar Pradesh – 201301, India |
|
Tel. No.: |
91-120-2425748 |
|
Fax No.: |
91-120-2425749 |
|
Area : |
2260 Sq. ft. |
|
Location : |
Rented |
|
|
|
|
Overseas Office: |
Located at:
|
DIRECTORS
|
Name : |
Mr. Harishchandra |
|
Designation : |
Chairman |
|
|
|
|
Name : |
Mr. R. Rajagopalan |
|
Designation : |
Managing Director |
|
Address: |
“Nest”, Flat No. G01, Ground Floor 11th Main Road, 17th “A” Cross Malleshwaram Bangalore – 560 055, Karnataka, India |
|
|
|
|
Name : |
Mr. A. Krishnan |
|
Designation : |
Director |
|
Address: |
New No. 3A (Old No. 1a) Vidyodaya, 1st Cross Street, T. Nagar, Chennai – 600 017, India |
|
|
|
|
Name : |
Mr. R. Janakiraman |
|
Designation : |
Director |
|
|
No. 11/1, Postal Colony, 3rd Street West, Mambalam, Chennai – 600 033, India |
|
|
|
|
Name : |
Mr. K. Srinivasan |
|
Designation : |
Director |
|
Address: |
S-1, Brindavan Apartments, 7, Bhaskarapuram, Mylapore, Chennai – 400 004, India |
|
|
|
|
Name : |
Mr. R. Kannan |
|
Designation : |
Director |
|
Address: |
B/205, Karachi Citizen, Co-operative Hosing Society Limited, Juhu-Versova Link Road, Andheri (West), Mumbai – 400 053, Maharashtra, India |
KEY EXECUTIVES
|
Name : |
Mr. R. Balachandran |
|
Designation : |
Chief Financial Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on:
|
Names of Shareholders |
|
No. of Shares |
|
BT System and Services Limited |
|
2511384 |
|
A. Krishnan |
|
240 |
|
|
|
|
|
Total |
|
2511624 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Design, Development and
Integration of Mini and Micro Computer based Modules and Systems and Trading
and Development of Computer Software. |
|
|
|
|
Imports : |
|
|
Products : |
|
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C and Credit (30 days) |
|
|
|
|
Purchasing : |
L/C and Credit (60 days) |
PRODUCTION STATUS (As on
31.03.2013)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Consoles and Rugged System |
-- |
-- |
24 |
24 |
|
|
|
|
|
|
GENERAL INFORMATION
|
Customers : |
Others |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
110 [Office=38 + Factory=32 + Branch=40] (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
State Bank of India, Bangalore Commercial Branch, 1st
Floor, Krishi Bhavan, Hudson Circle, Bangalore – 560001, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
Fund based Rs. 30.000 Millions Non fund based Rs. 152.800 Millions (State
Bank of India) (Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. Krishnaswamy and Company Chartered Accountants |
|
Address : |
No. 389/1, 7th Main, 42nd Cross, 5th
Block, Jayanagar, Bangalore – 560041, India |
|
Tel. No.: |
91-80-22222793 |
|
Fax No.: |
91-41131432 |
|
E-Mail : |
|
|
PAN No.: |
|
|
|
|
|
Holding Company : |
|
|
|
|
|
Ultimate Holding Company : |
|
|
|
|
|
Subsidiaries : |
|
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs. 40.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2511624 |
Equity Shares |
Rs.10/- each |
Rs. 25.116
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
25.116 |
25.116 |
25.116 |
|
(b) Reserves & Surplus |
38.165 |
32.805 |
29.174 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
0.000 |
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
63.281 |
57.921 |
54.290 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
6.080 |
16.869 |
17.153 |
|
(b) Deferred tax liabilities (Net) |
0.030 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
7.037 |
2.542 |
0.000 |
|
Total Non-current
Liabilities (3) |
13.147 |
19.411 |
17.153 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
22.194 |
29.711 |
0.000 |
|
(b) Trade payables |
37.395 |
59.519 |
122.806 |
|
(c) Other current liabilities |
72.693 |
11.546 |
19.066 |
|
(d) Short-term provisions |
5.299 |
2.506 |
4.316 |
|
Total Current
Liabilities (4) |
137.581 |
103.282 |
146.188 |
|
|
|
|
|
|
TOTAL |
214.009 |
180.614 |
217.631 |
|
|
|
|
|
|
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
23.366 |
8.504 |
9.653 |
|
(ii) Intangible Assets |
0.472 |
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 |
0.488 |
0.488 |
0.488 |
|
(c) Deferred tax assets (net) |
0.000 |
0.977 |
0.312 |
|
(d) Long-term Loan and Advances |
26.517 |
15.123 |
12.677 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
50.843 |
25.092 |
23.130 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
40.995 |
18.250 |
9.129 |
|
(c) Trade receivables |
79.364 |
89.528 |
67.633 |
|
(d) Cash and cash equivalents |
36.541 |
41.571 |
105.902 |
|
(e) Short-term loans and advances |
1.279 |
5.052 |
10.788 |
|
(f) Other current assets |
4.987 |
1.121 |
1.049 |
|
Total Current Assets |
163.166 |
155.522 |
194.501 |
|
|
|
|
|
|
TOTAL |
214.009 |
180.614 |
217.631 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operation |
239.463 |
263.107 |
251.682 |
|
|
|
Other Income |
7.114 |
3.701 |
1.899 |
|
|
|
TOTAL (A) |
246.577 |
266.808 |
253.581 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
74.615 |
123.689 |
147.186 |
|
|
|
Employee benefit expenses |
94.594 |
79.131 |
52.706 |
|
|
|
Other expenses |
56.344 |
46.704 |
37.743 |
|
|
|
TOTAL (B) |
225.553 |
249.524 |
237.635 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
21.024 |
17.284 |
15.946 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
9.540 |
10.451 |
4.269 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
11.484 |
6.833 |
11.677 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.325 |
1.363 |
1.270 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
9.159 |
5.470 |
10.407 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.799 |
1.839 |
4.008 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
5.360 |
3.631 |
6.399 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB basis |
4.366 |
45.091 |
0.000 |
|
|
|
Commission and Technical service fee |
90.627 |
86.227 |
44.322 |
|
|
TOTAL EARNINGS |
94.993 |
131.318 |
44.322 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
57.073 |
66.019 |
NA |
|
|
TOTAL IMPORTS |
57.073 |
66.019 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.13 |
1.45 |
2.55 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.17 |
1.37 |
2.52 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.82 |
2.08 |
4.13 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.29 |
3.05 |
4.80 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.10 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.45 |
0.81 |
0.31 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.19 |
1.51 |
1.33 |
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 |
Yes |
|
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
Yes |
|
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 |
Yes |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
Long term
borrowings |
|
|
|
Term loans unsecured |
1.104 |
16.739 |
|
Less: included under current maturities of long term borrowings |
(0.903) |
(0.903) |
|
|
0.201 |
15.836 |
|
|
|
|
|
Total |
0.201 |
15.836 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10253156 |
15/11/2010 |
70,000,000.00 |
STATE BANK OF INDIA |
SPECIALISED COMMERCIAL BRANCH, KRISHI BHAVAN, HUDSON CIRCLE, BANGALORE, KARNATAKA - 560001, INDIA |
B00488130 |
|
2 |
10035409 |
27/05/2011 * |
208,700,000.00 |
STATE BANK OF INDIA |
SPECIALISED COMMERCIAL BRANCH, KRISHI BHAVAN, FIRST FLOOR, HUDSON CIRCLE, BANGALORE, KARNATAKA - 560001, INDIA |
B14966972 |
|
3 |
90199292 |
29/12/1999 |
450,000.00 |
CITICORP MARUTI FINANCE LIMITED |
NARIANA INDUSTRIAL AREA, PHASE -II, NEW DELHI, DELHI, INDIA |
- |
* Date of charge modification
FIXED ASSETS
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. 61.53 |
|
|
1 |
Rs. 99.75 |
|
Euro |
1 |
Rs. 84.75 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
46 |
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.