MIRA INFORM REPORT
|
Report Date : |
16.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
LOCON SOLUTIONS PRIVATE LIMITED |
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Registered
Office : |
Unit No. 303, Wing A, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
07.03.2012 |
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Com. Reg. No.: |
11-227804 |
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Capital
Investment / Paid-up Capital : |
Rs.33.619 Million
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CIN No.: [Company Identification
No.] |
U74120MH2012PTC227804 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
To Deal in Systems and Application Software and Allied Activities. |
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No. of Employees
: |
Information denied by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a company with short operational history having moderate
track The company has incurred consecutive losses from its operational
activities in its first year of business operation. However, trade relations are improving. Business is active. Payment
terms are slow but correct. In view of nascency, the company can be considered for business
dealings with caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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 DECLINED
MANAGEMENT NON CO-OPERATIVE. [91-22-64641071]
LOCATIONS
|
Registered Office : |
Unit No. 303, Wing A, Supreme Busienss Park, Behind Lake Castle, Hiranandani
Garden, Powai, Mumbai – 400076, Maharashtra, India |
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Tel. No.: |
91-22-64641071 |
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Fax No.: |
Not Available |
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E-Mail : |
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Corporate Office: |
3rd Floor, Bhavani Industrial Estate, Opposite Asiad
Medical Store, Near IIT Main Gate, Powai, Mumbai-400076, Maharashtra, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Rahul Yadav |
|
Designation : |
Director |
|
Address : |
Room No. 254, Hostel 8, Lit Bombay, Powai, Mumbai-400076, Maharashtra,
India |
|
Date of Birth/Age : |
09.11.1989 |
|
Date of Appointment : |
07.03.2012 |
|
Din No.: |
05200293 |
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|
Name : |
Advitiya Sharma |
|
Designation : |
Director |
|
Address : |
Sector No. 6, H. No. 41, Channi Himmat, Jammu-180015, Jammu and
Kashmir, India |
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Date of Birth/Age : |
06.02.1989 |
|
Date of Appointment : |
04.04.2013 |
|
Din No.: |
06482689 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Equity
Shares |
No. of
Preferences Shares |
|
Rahul Yadav |
327200 |
-- |
|
Abhishek Anand |
82500 |
-- |
|
Sanat Ghosh |
66600 |
-- |
|
Neeraj Bhunwal |
66600 |
-- |
|
Snehil Buxy |
82500 |
-- |
|
Ravish Naresh |
76800 |
5947 |
|
Amrit Raj |
66200 |
-- |
|
Rishabh Agrawal |
66200 |
-- |
|
Saurabh Goyal |
45400 |
-- |
|
Advitya Sharma |
32278 |
-- |
|
Hemanth Goteti |
20753 |
-- |
|
Zishaan Hayath |
20753 |
-- |
|
Aatif Misbah |
5377 |
-- |
|
Aditya Agrawal |
5377 |
-- |
|
Harsh Baid |
10753 |
-- |
|
Gagan Goyal |
10753 |
-- |
|
Shishir Kapoor |
10753 |
-- |
|
Vaibhav Puranik |
10753 |
-- |
|
Haresh Chawla |
146628 |
-- |
|
Jasspreet Saluka |
16139 |
-- |
|
Vaibhav Tolia |
16139 |
-- |
|
Nexus Ventures III Limited, India |
100 |
1071227 |
|
Helion Venture Partners II, LLC, Mauritius |
100 |
604604 |
|
Qualicomm Asai Spacific Pte Limited, Singapore |
100 |
302251 |
|
Kunal Bahl |
-- |
1954 |
|
Rohit Bansal |
-- |
1954 |
|
TOTAL
|
1186756 |
1987937 |
As on 08.10.2014
|
Names of Allottees |
|
No. of Equity
Shares |
|
Nirvana Digital India Fund |
|
100 |
|
Digital Nirvana Fund Company Limited, Mauritius |
|
100 |
|
Eashwar Viswanathan Krishnan |
|
100 |
|
Apoletto Asia Limited, Mauritius |
|
100 |
|
TOTAL
|
|
400 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
0.03 |
|
Directors or relatives of Directors |
30.28 |
|
Other top fifty shareholders |
69.69 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
To Deal in Systems and Application Software and Allied Activities. |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
--- |
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Banking
Relations : |
--- |
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Auditors : |
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Name : |
B S R and Company Chartered Accountants |
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Address : |
Lodha Excelus, 1st Floor, Apollo Mills Compound, N M Joshi Marg,
Mahalakshmi, Mumbai – 400011, Maharashtra, India |
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Tel. No.: |
91-22-39896000 |
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Mobile No.: |
91- |
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Fax No.: |
91-22-30902511 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAIFB4734C |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
NIL |
CAPITAL STRUCTURE
AFTER 30.09.2014
Authorised Capital : Rs. 124.186 Millions
Issued, Subscribed & Paid-up Capital : Rs. 83.518
Millions
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1525230 |
Equity Shares |
Rs.1/- each |
Rs. 1.525 Millions |
|
4088683 |
Preference Shares |
Rs.30/- each |
Rs. 122.660 Millions |
|
|
|
|
|
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Total |
|
Rs. 124.186
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1187156 |
Equity Shares |
Rs.1/- each |
Rs. 1.187 Millions |
|
2366003 |
Preference Shares |
Rs.30 /- each |
Rs. 70.980 Millions |
|
|
Total |
|
Rs. 72.167 Millions |
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1524130 |
Equity Shares |
Rs.1/- each |
Rs. 1.524 Millions |
|
1282529 |
Preference Shares |
Rs.30/- each |
Rs. 38.476 Millions |
|
|
|
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Total |
|
Rs. 40.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1186556 |
Equity Shares |
Rs.1/- each |
Rs. 1.187 Millions |
|
392529 |
Compulsorily convertible Cumulative participating Preference Shares Series A |
Rs.30 /- each |
Rs. 11.776 Millions |
|
355676 |
Compulsorily convertible Cumulative participating Preference Shares Series B |
Rs.30 /- each |
Rs. 10.670 Millions |
|
332877 |
Compulsorily convertible Cumulative participating Preference Shares Series C |
Rs.30 /- each |
Rs. 9.986 Millions |
|
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Total |
|
Rs. 33.619 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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I.
EQUITY AND LIABILITIES |
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|
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|
(1)Shareholders' Funds |
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|
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(a) Share Capital |
33.619 |
0.410 |
0.100 |
|
(b) Reserves & Surplus |
44.129 |
1.405 |
-0.009 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money
pending allotment |
0.000 |
12.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
77.748 |
13.815 |
0.091 |
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|
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(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
11.622 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.916 |
0.000 |
0.000 |
|
(d) long-term provisions |
5.761 |
0.000 |
0.000 |
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Total
Non-current Liabilities (3) |
18.299 |
0.000 |
0.000 |
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|
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|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.020 |
|
(b) Trade payables |
54.766 |
0.425 |
0.000 |
|
(c) Other current liabilities |
60.265 |
2.455 |
0.000 |
|
(d) Short-term provisions |
0.012 |
0.000 |
0.005 |
|
Total
Current Liabilities (4) |
115.043 |
2.880 |
0.025 |
|
|
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|
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TOTAL |
211.090 |
16.695 |
0.116 |
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
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|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
76.506 |
5.289 |
0.000 |
|
(ii) Intangible Assets |
36.718 |
0.169 |
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 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
29.793 |
7.015 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.016 |
|
Total
Non-Current Assets |
143.017 |
12.473 |
0.016 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
1.369 |
0.000 |
0.000 |
|
(d) Cash and cash equivalents |
55.323 |
2.800 |
0.100 |
|
(e) Short-term loans and
advances |
11.364 |
1.422 |
0.000 |
|
(f) Other current assets |
0.017 |
0.000 |
0.000 |
|
Total
Current Assets |
68.073 |
4.222 |
0.100 |
|
|
|
|
|
|
TOTAL |
211.090 |
16.695 |
0.116 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
16.721 |
1.325 |
0.000 |
|
|
Other Income |
2.348 |
0.000 |
0.000 |
|
|
TOTAL
(A) |
19.069 |
1.325 |
0.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits expense |
226.914 |
10.631 |
|
|
|
Other expenses |
256.431 |
7.797 |
|
|
|
TOTAL
(B) |
483.345 |
18.428 |
0.009 (Including
financial expenses) |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
(464.276) |
(17.103) |
(0.009) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4.580 |
0.005 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(468.856) |
(17.108) |
(0.009) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
20.011 |
0.480 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
(488.867) |
(17.588) |
(0.009) |
|
|
|
|
|
|
|
Less |
TAX
(I) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
(488.867) |
(17.588) |
(0.009) |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(17.588) |
0.000 |
NA |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
(506.455) |
(17.588) |
NA |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(413.00) |
(43.00) |
(0.90) |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(2923.67) |
(1327.40) |
0.00 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
(2776.60) |
(1290.79) |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(231.59) |
(105.35) |
(7.76) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(6.29) |
(1.27) |
(0.10) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.15 |
0.00 |
0.22 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.59 |
1.47 |
4.00 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
0.100 |
0.410 |
33.619 |
|
Reserves & Surplus |
(0.009) |
1.405 |
44.129 |
|
Share Application money
pending allotment |
0.000 |
12.000 |
0.000 |
|
Net
worth |
0.091 |
13.815 |
77.748 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
11.622 |
|
Short term borrowings |
0.020 |
0.000 |
0.000 |
|
Total
borrowings |
0.020 |
0.000 |
11.622 |
|
Debt/Equity
ratio |
0.220 |
0.000 |
0.149 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
0.000 |
1.325 |
16.721 |
|
|
|
|
1,161.962 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
0.000 |
1.325 |
16.721 |
|
Profit |
(0.009) |
(17.588) |
(488.867) |
|
|
|
(1327.40%) |
(2923.67%) |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS: 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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
No |
|
20] |
Export / Import details (if
applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
No |
|
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 |
FINANCIAL AND OPERATIONAL
PERFORMANCE OUTLOOK
The performance of the company during the year as follows.
The gross income of the company was Rs. 19.068 Millions as compared to
Rs. 1.325 Millions in the previous year. The result is considering the development
phase of the company’s website being tested in the market during the last
financial year. The company has suffered a loss of Rs. 488.867 Millions as
compared to the loss of previous year of Rs. 17.588 Millions and the balance
carried forward to next year is (Rs. 506.455 Millions) compared to (Rs.17.588
Millions).
FUTURE OUTLOOK
The company continues to strongly believe that the long term prospects
for the industry in India and abroad are attractive and provides huge potential
in the future years.
The company looks forward to 2014-15 with a clear object of being market
leader providing a world class as search engine for the real estate industry
across the country.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
Short-term
borrowings |
|
|
|
Finance lease obligation |
11.622 |
0.000 |
|
Total |
11.622 |
0.000 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10525932 |
20/08/2014 |
4,800,000.00 |
FIRSTRAND BANK LIMITED (ACTING AS SECURITY TRUSTEE |
TCG FINANCIAL
CENTRE, PLOT NO CENTRE PLOT NO.C 53 |
C29685393 |
FIXED ASSETS
Tangible Assets
- Vehicle
- Air Conditioner
- Furniture and Fixtures
- Office Equipment
- Leasehold Improvement
Intangible Assets
- Software
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 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.62.65 |
|
|
1 |
Rs.98.53 |
|
Euro |
1 |
Rs.78.02 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
2 |
|
--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 |
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 |
|
27 |
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.