MIRA
INFORM REPORT
|
Report Date : |
16.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
VANSH INFOTECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Block No M-1, Annapurna Complex, Opposite Sudhanshu Hall, Chakradhar
Nagar, Ayodhya Nagar Road, Nagpur-440009, Maharashtra |
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|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2011 |
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|
Date of
Incorporation : |
17.05.2004 |
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Com. Reg. No.: |
11-146338 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.200 Million |
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|
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CIN No.: [Company Identification
No.] |
U72900MH2004PTC146338 |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Dealer and Distributor of Computer Peripherals |
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|
No. of Employees
: |
40 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 51000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record. The management has failed to file its financial with government
department for the year 2012 and 2013. As per previous financial of 2011, general financial position of the
company seems to be fair. However, trade relations are fair. Business is active. Payment terms
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.
INDIAN ECONOMIC OVERVIEW
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects positive
impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief information
officers at gathering in Bangalore in April to meet Indian startups at an event
called Tech50 Watchout for Little Eye Labs-Facebook type deals in the making.
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. Anish Nair |
|
Designation : |
IT Manager |
|
Contact No.: |
91-9821608990 |
|
Date : |
15.04.2014 |
LOCATIONS
|
Registered Office : |
Block No M-1, Annapurna Complex, Opposite Sudhanshu Hall, Chakradhar Nagar,
Ayodhya Nagar Road, Nagpur-440009, Maharashtra, India |
|
Tel. No.: |
91-712-2751414 |
|
|
91-9821608990 (Mr. Anish Nair) |
|
Fax No.: |
Not Available |
|
E-Mail : |
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|
Website : |
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|
|
|
|
Corporate Office : |
L-18/13, Raghuji Nagar, Nagpur – 440009,
Maharashtra, India |
|
Tel No.: |
91-712-2751414 |
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|
|
|
Regional Office : |
17, Aditya Residency, Mitramandal Square Parvati, Pune – 411009,
Maharashtra, India |
|
Tel No.: |
91-20-24483900 |
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|
|
|
Branch Office : |
Mumbai, Maharashtra, India |
|
Tel No. : |
91-22-40428811 |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Ajay Nanaji Dhawangale |
|
Designation : |
Director |
|
Address : |
H/No L-8/13,
Raje Raghuji Nagar, Main Road, Nagpur- 440009, Maharashtra, India |
|
Date of Birth/Age : |
30.03.1972 |
|
Date of Appointment : |
17.05.2004 |
|
DIN No.: |
01433226 |
|
|
|
|
Name : |
Ms. Sonal Ajay Dhawangale |
|
Designation : |
Director |
|
Address : |
L-8/13 Opposite
NIT Complex, Raghuji Nagar, Nagpur, 440009, Maharashtra, India |
|
Date of Birth/Age : |
23.08.1980 |
|
Date of Appointment : |
09.11.2006 |
|
DIN No.: |
02231986 |
|
|
|
|
Name : |
Mr. Kamlesh Ghisulaji Mehta |
|
Designation : |
Director |
|
Address : |
801, 8th Floor, Vinayak
Aangan, V. S. Marg, Prabhadevi, Mumbai, 400025, Maharashtra, India |
|
Date of Birth/Age : |
11.09.1969 |
|
Date of Appointment : |
04.07.2011 |
|
DIN No.: |
00017836 |
|
|
|
|
Name : |
Mr. Champalal Manekchand Bafna |
|
Designation : |
Additional Director |
|
Address : |
1101, 11th
Floor, Vastushilp, Gamadia Colony, Tardeo, Mumbai-400007, Maharashtra, India |
|
Date of Birth/Age : |
15.04.1965 |
|
Date of Appointment : |
04.07.2011 |
|
DIN No.: |
03501196 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
%age |
|
Ajay Nanaji Dhawangale |
2000 |
10.00 |
|
Vijay Dhawangale |
1000 |
5.00 |
|
Sonal Dhawangale |
2000 |
10.00 |
|
Sona Dhawangale |
4000 |
20.00 |
|
Champalal Bafna |
3000 |
15.00 |
|
Kamlesh Mehta |
3000 |
15.00 |
|
Akshita Lad |
2000 |
10.00 |
|
Priti Lad |
2000 |
10.00 |
|
Vikas Mehta |
1000 |
5.00 |
|
TOTAL
|
20000 |
100.00 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer and Distributor of Computer Peripherals |
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Terms : |
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Selling : |
Cash, Advance Payments and L/C |
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Purchasing : |
Cash and Advance Payments |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers and End Users |
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No. of Employees : |
40 (Approximately) |
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Bankers : |
·
Kotak Mahindra Bank Limited, 36-38A, Nariman
Bhavan, 227 D, Nariman Point, Mumbai-400021, Maharashtra, India ·
State Bank of Indore, Timki, Nagpur-440009,
Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Dheeraj Kochar and Company Chartered Accountant |
|
Address : |
Jain Mandir Ward, Hinganghar, Wardha-442301, Maharashtra, India |
|
PAN No.: |
AMGPK6324D |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs. 2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000 |
Equity Shares |
Rs.10/- each |
Rs. 0.200
Million |
|
|
|
|
|
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 |
0.200 |
0.200 |
0.200 |
|
|
2] Share Application Money |
0.400 |
0.400 |
0.400 |
|
|
3] Reserves & Surplus |
12.303 |
7.210 |
4.857 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
12.903 |
7.810 |
5.457 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
11.998 |
6.976 |
1.742 |
|
|
2] Unsecured Loans |
22.041 |
6.947 |
10.299 |
|
|
TOTAL BORROWING |
34.039 |
13.923 |
12.041 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
46.942 |
21.733 |
17.498 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
30.132 |
16.525 |
13.395 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
10.000 |
10.000 |
10.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.425 |
0.310 |
|
|
Sundry Debtors |
33.475
|
12.603 |
12.423 |
|
|
Cash & Bank Balances |
4.342
|
0.453 |
0.922 |
|
|
Other Current Assets |
8.719
|
2.295 |
8.416 |
|
|
Loans & Advances |
3.058
|
4.333 |
0.000 |
|
Total
Current Assets |
49.594
|
20.109 |
22.071 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
28.798
|
9.137 |
8.996 |
|
|
Other Current Liabilities |
0.000
|
13.620 |
18.266 |
|
|
Provisions |
13.986
|
2.144 |
0.706 |
|
Total
Current Liabilities |
42.784
|
24.901 |
27.968 |
|
|
Net Current Assets |
6.810
|
(4.792) |
(5.897) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
46.942 |
21.733 |
17.498 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
112.206 |
67.842 |
56.773 |
|
|
|
Other Income |
2.189 |
0.512 |
0.355 |
|
|
|
TOTAL (A) |
114.395 |
68.354 |
57.128 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
99.125 |
57.236 |
50.089 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
15.270 |
11.118 |
7.039 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.818 |
2.640 |
1.611 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
14.452 |
8.478 |
5.428 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
9.360 |
5.073 |
2.946 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
5.092 |
3.405 |
2.482 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
1.052 |
0.480 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
5.092 |
2.353 |
2.002 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
7.210 |
4.857 |
2.855 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
12.302 |
7.210 |
4.857 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
254.60 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
4.45
|
3.44 |
3.50 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.54
|
5.02 |
4.37 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.39
|
9.29 |
7.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.39
|
0.44 |
0.45 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.64
|
1.78 |
2.21 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.16
|
0.81 |
0.79 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2009 |
31.03.2010 |
31.03.2011 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
0.200 |
0.200 |
0.200 |
|
Reserves & Surplus |
4.857 |
7.210 |
12.303 |
|
Share Application Money |
0.400 |
0.400 |
0.400 |
|
Net
worth |
5.057 |
7.410 |
12.503 |
|
|
|
|
|
|
long-term borrowings |
1.742 |
6.976 |
11.998 |
|
Short term borrowings |
10.299 |
6.947 |
22.041 |
|
Total
borrowings |
12.041 |
13.923 |
34.039 |
|
Debt/Equity
ratio |
2.381 |
1.879 |
2.722 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2009 |
31.03.2010 |
31.03.2011 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
56.773 |
67.842 |
112.206 |
|
|
|
19.497 |
65.393 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2009 |
31.03.2010 |
31.03.2011 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
56.773 |
67.842 |
112.206 |
|
Profit |
2.002 |
2.353 |
5.092 |
|
|
3.53% |
3.47% |
4.54% |
LOCAL AGENCY FURTHER INFORMATION
NOTE: Current
Maturities of Long Term Debts is 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 |
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
UNSECURED LOAN
|
PARTICULAR |
31.03.2011 (Rs.
In Millions) |
31.03.2010 (Rs.
In Millions) |
|
Other Unsecured Loans |
22.041 |
6.947 |
|
|
|
|
|
TOTAL |
22.041 |
6.947 |
INDEX
OF CHARGES
|
S.
No. |
Charge
ID |
Date
of Charge Creation/Modification |
Charge
amount secured |
Charge
Holder |
Address
|
Service
Request Number (SRN) |
|
1 |
10297844
|
26/07/2011
|
2,624,000.00
|
KOTAK
MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D,
NARIMAN POINT, MUMBAI, Maharashtra - 400021,INDIA |
B17082728
|
|
2 |
10270047
|
01/10/2010
|
8,883,000.00
|
KOTAK
MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D,
NARIMAN POINT, MUMBAI, Maharashtra - 400021,INDIA |
A96139530
|
|
3 |
10173731
|
20/08/2009
|
5,090,000.00
|
KOTAK
MAHINDRA BANK LIMITED |
5TH FLOOR, USHA COMPLEX,
SARDAR VALLABBHAI PATEL |
A68227065
|
|
4 |
10087628
|
14/12/2007
|
1,500,000.00
|
STATE
BANK OF INDORE |
TIMKI, NAGPUR, Maharashtra -
440009, INDIA |
A32147308
|
OPERATIONS AND
FUTURE PROSPECTS
The Company is in
E Governance and Information Technologies enable Services, and reported Turnover
of Rs. 112.206 Millions as compared to its previous year Turnover of Rs. 67.842
Millions and earned profit after tax of Rs. 5.092 Millions as compared to its
previous year profit of Rs. 2.353 Millions.
The Company has bright future in years to come and good business
prospects.
FIXED ASSETS
·
Computer and Accessories
·
ETS Machines
·
Furniture
·
Innova Car
·
Inverter
·
Mobile
·
Office Blocks
·
Television
·
Vending Machine
·
Skoda Car
·
Spark Car
·
School Buses
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 records 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] 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. 60.26 |
|
|
1 |
Rs. 100.71 |
|
Euro |
1 |
Rs. 83.27 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ANK |
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 |
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 |
NO |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.