MIRA
INFORM REPORT
|
Report Date : |
01.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
MIFA SYSTEMS PRIVATE LIMITED |
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Registered
Office : |
48, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
14.08.1996 |
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Com. Reg. No.: |
04-30494 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31109GJ1996PTC030494 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMM00966A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Distributor and Service Provider of System Integrator for Process
Control Automation. |
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No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 14000 |
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Status : |
Small Company |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small company in its field. Its scale of activities are
limited. However, trade relations are reported to be fair. Business is active.
Payments are reported to be slow but correct. 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift.
It highlights how as against 51 % in 2005, the emerging economies now account
for close to 56 % of the global purchasing power GDP as per the latest survey.
And with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization policies.
A firm called Ciane Analytics studied returns from assets including
equities, gold, fixed deposits, G-Secs and real estate since 1991. Real estate
outperformed every other asset classes during the 23-year period with an
annualized return of 20 % ! Equities came in second with annualized return of
15.5 % ! However, while these returns may seem mouthwatering, the fact is that
the return from equities adjusted for inflation came down to just 7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
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
31-03-2014.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Abhay Upadhye |
|
Designation : |
Director |
|
Contact No.: |
91-9327220008 |
|
Date : |
28.07.2014 |
LOCATIONS
|
Registered Office : |
48, Ellis Bridge Shopping – Centre, 2nd Floor, Opposite
Town Hall, Ahmedabad – 380015,
Gujarat, India |
|
Tel. No.: |
91-79-26870825 |
|
Mobile No.: |
91-9327220008 (Mr. Abhay Upadhyay – Director) |
|
Fax No.: |
91-79-26870885 / 26871367 |
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E-Mail : |
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|
Website : |
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|
Location : |
Owned |
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|
|
|
Corporate
Office: |
703, “AKIK”, Opp Rajpath Club, Sarkhej Gandhi Nagar Highway Bodakdev,
Ahmedabad – 380054, Gujarat, India |
|
Tel. No.: |
91-79-26870825 / 26871367 / 26878804 / 26878805 / 26870885 |
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Fax No.: |
91-79-26870885 / 26878805 / 26870825 |
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E-Mail : |
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Website : |
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Area : |
2500 Sq.ft. |
|
Location : |
Owned |
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Godown: |
C-3, Akshardham Industrial Estate, B/s Panchratna Industrial Estate,
Ramol Gam, Near Over Bridge, Vatva (G.I.D.C), Ahmedabad – 382445, Gujarat,
India |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Abhay Upadhye |
|
Designation : |
Director |
|
Address : |
F/9, Satyatriveni, Apartments, Near Super Society, Opposite Karnavati
Club, Satellite, Ahmedabad – 380015, Gujarat, India |
|
Date of Birth/Age : |
10.10.1962 |
|
Qualification : |
B.E. (Electrical) |
|
Date of Appointment : |
14.08.1996 |
|
DIN No.: |
01110359 |
|
|
|
|
Name : |
Mr. Darshak Kapadia |
|
Designation : |
Director |
|
Address : |
6, Yashoda Nanadan Apartment, 49, Sardar Patel Nagar, Ellisbridge,
Ahmedabad – 380 006, |
|
Date of Birth/Age : |
10.08.1963 |
|
Qualification : |
B.E. (Electrical) |
|
Date of Appointment : |
14.08.1996 |
|
DIN No.: |
01628685 |
|
|
|
|
Name : |
Jyoti Abhay Upadhye |
|
Designation : |
Director |
|
Address : |
F/9, Satyatriveni, Apartments, Near Super Society, Opposite Karnavati
Club, Satellite, Ahmedabad – 380015, Gujarat, India |
|
Date of Birth/Age : |
28.04.1964 |
|
Date of Appointment : |
11.07.2013 |
|
DIN No.: |
06629666 |
|
|
|
|
Name : |
Falguni Darshak Kapadia |
|
Designation : |
Director |
|
Address : |
6, Yashoda Nanadan Apartment, 49, Sardar Patel Nagar, Ellisbridge,
Ahmedabad – 380 006, |
|
Date of Birth/Age : |
03.01.1965 |
|
Date of Appointment : |
11.07.2013 |
|
DIN No.: |
06629671 |
MAJOR SHAREHOLDERS
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Abhay Upadhye |
5000 |
45.45 |
|
Darshak Kapadia |
5000 |
45.45 |
|
Jyoti Abhay Upadhye |
500 |
4.55 |
|
Falguni Darshak Kapadia |
500 |
4.55 |
|
Total |
11000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributor and Service Provider of System Integrator for Process
Control Automation. |
|
|
|
|
Products : |
·
Digital Temperature Controller – TTM J4/J5 ·
Digital Temperature Controller – CN 40 ·
Program Controller – TTM 300 Series ·
Mini Recorder – TRM10C ·
Current Vector Control Inverters ·
Vector Inverters ·
Modicon TSX Micro ·
Magells Compact IPC ·
Dual Channel Digital Controller – TTM 700 Series ·
Trading Assembly – Electronics Goods |
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Imports : |
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Products : |
Automation |
|
Countries : |
·
Japan ·
European Countries |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers: |
·
Adroit Control Engineers Private Limited ·
Aspi Cars Private Limited ·
Design Logics ·
Hem Infotech ·
Navyug Electronics |
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Customers : |
·
End Users ·
OEM’s |
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No. of Employees : |
20 (Approximately) |
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Bankers : |
·
ICICI Bank Limited, Ahmedabad, Gujarat, India ·
State Bank of India, Ahmedabad, Gujarat, India ·
HDFC Bank Limited, Rejalpur Branch, Ahmedabad,
Gujarat, India |
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Facilities : |
Cash Credit = Rs.0.500 Million (From HDFC Bank Limited)
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Vinod H Desai Chartered Accountant |
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Address : |
23/2 L Colony, Near Nehru Nagar Circle, Ambavadi, Ahmedabad – 380 015,
Gujarat, India. |
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Tel. No.: |
91-79-26302314 |
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E-Mail : |
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PAN No.: |
AANPD9487D |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11000 |
Equity Shares |
Rs.10/- each |
Rs.0.110
Million |
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.100 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
3.300 |
2.733 |
1.997 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
3.400 |
2.833 |
2.097 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.235 |
0.434 |
0.862 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
2.771 |
0.520 |
0.333 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
4.006 |
0.954 |
1.195 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
4.766 |
2.453 |
1.422 |
|
(c)Other current
liabilities |
0.298 |
0.161 |
0.227 |
|
(d) Short-term provisions |
0.237 |
0.003 |
0.150 |
|
Total Current Liabilities
(4) |
5.301 |
2.617 |
1.799 |
|
|
|
|
|
|
TOTAL |
12.707 |
6.404 |
5.091 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1.939 |
1.124 |
1.622 |
|
(ii) Intangible Assets |
0.000 |
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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.009 |
0.001 |
|
(d) Long-term Loan and Advances |
0.008 |
0.008 |
0.009 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1.947 |
1.141 |
1.632 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
4.227 |
1.749 |
1.028 |
|
(c) Trade receivables |
4.422 |
2.775 |
1.183 |
|
(d) Cash and cash
equivalents |
1.135 |
0.691 |
0.950 |
|
(e) Short-term loans
and advances |
0.976 |
0.048 |
0.298 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
10.760 |
5.263 |
3.459 |
|
|
|
|
|
|
TOTAL |
12.707 |
6.404 |
5.091 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
34.146 |
26.439 |
18.489 |
|
|
|
Other Income |
0.309 |
0.147 |
0.161 |
|
|
|
TOTAL (A) |
34.455 |
26.586 |
18.650 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees Expenses |
|
|
1.781 |
|
|
|
Administrative Expenses |
|
|
0.684 |
|
|
|
Managerial Expenses |
|
|
0.180 |
|
|
|
Marketing Expenses |
|
|
0.545 |
|
|
|
Raw Material Consumed |
|
|
14.660 |
|
|
|
TOTAL (B) |
32.916 |
25.025 |
17.850 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1.539 |
1.561 |
0.800 |
|
|
|
|
0.221 |
0.126 |
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
0.055 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.318 |
1.435 |
0.745 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.496 |
0.352 |
0.267 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.822 |
1.083 |
0.478 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.255 |
0.347 |
0.144 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.567 |
0.736 |
0.334 |
|
|
|
|
|
|
|
|
|
|
CIF VALUE OF
IMPORTS |
NA |
NA |
5.622 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
56.70 |
NA |
33.4 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.65
|
2.77 |
1.79 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.41
|
4.10 |
2.59 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.47
|
16.91 |
9.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24
|
0.38 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.36
|
0.15 |
0.41 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.03
|
2.01 |
1.92 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
1.997 |
2.733 |
3.300 |
|
Net
worth |
2.097 |
2.833 |
3.400 |
|
|
|
|
|
|
long-term borrowings |
0.862 |
0.434 |
1.235 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.862 |
0.434 |
1.235 |
|
Debt/Equity
ratio |
0.411 |
0.153 |
0.363 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
18.489 |
26.439 |
34.146 |
|
|
|
42.999 |
29.150 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
18.489 |
26.439 |
34.146 |
|
Profit |
0.334 |
0.736 |
0.567 |
|
|
1.81% |
2.78% |
1.66% |
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 |
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) |
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 |
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 |
REVIEW OF BUSINESS AND OPERATION
The year the company has fall improved the
working and done a very good business. The turnover of the company during the
year was Rs.34.146 millions and the net profit was Rs.0.567 Million.
NO CHARGES EXIST FOR COMPANY
FIXED ASSETS
- Office Equipment
- Computer
- Motor Car
- Furniture
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.60.25 |
|
|
1 |
Rs.101.92 |
|
Euro |
1 |
Rs.80.70 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
VNT |
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 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
32 |
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.