MIRA INFORM REPORT
|
Report Date : |
24.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
ASHTECH INFOTECH PRIVATE LIMITED |
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Registered
Office : |
Naman Midtown, B Wing, 10th Floor, Senapati Bapat Marg, Elphinston Road (West), Mumbai – 400013, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
05.11.1993 |
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Com. Reg. No.: |
11-074939 |
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Capital Investment
/ Paid-up Capital : |
Rs.8.200
Millions |
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CIN No.: [Company Identification
No.] |
U30007MH1993PTC074939 |
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TIN No.: |
Not Available |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA20781F |
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PAN No.: [Permanent Account No.] |
AAACA3546N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trading of Information Technology Products and Providing Maintenance
and Related Services. |
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No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. The rating reflects AIPL’s above average financial risk profile marked
by established market position in the Information Technology (IT) system
integration business and fair profitability levels of the company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and conditions. Note: 23 AC documents for the year 2014 could not be made available
from any source. |
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 |
CRISIL |
|
Rating |
Long Term Rating = BB+ (Suspended) |
|
Rating Explanation |
Inadequate degree of safety and high credit
risk. |
|
Date |
19.12.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A4+ (Suspended) |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
19.12.2014 |
Reason for Suspension: Absence of adequate information.
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 DENIED BY
|
Name : |
Mr. Anil Singh |
|
Designation : |
Accounts Manager |
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Contact No.: |
91-22-43454345 |
|
Date : |
23.12.2014 |
LOCATIONS
|
Registered/ Head Office : |
Naman Midtown, B Wing, 10th Floor, Senapati Bapat Marg, Elphinston Road (West), Mumbai – 400013, Maharashtra, India |
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Tel. No.: |
91-22-43454345/ 24961111 |
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Fax No.: |
91-22-24963300 |
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E-Mail : |
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Website : |
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Branch Offices : |
Located at: · Ahmedabad ·
· Chennai ·
· Pune ·
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Service Franchises
: |
Located at: ·
·
·
·
· Pune · Nashik ·
·
· Jaipur ·
·
· Kolkata · Hydrabad ·
|
DIRECTORS
As on 24.09.2014
|
Name : |
Mr. Saurin Devendra Shah |
|
Designation : |
Managing director |
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Address : |
15, Avillion, 4th Floor, Little |
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Date of Birth/Age : |
11.12.1958 |
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Qualification : |
B. Com |
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Experience : |
27 Years |
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Date of Appointment : |
05.11.1993 |
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DIN No.: |
00677051 |
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Name : |
Mr. Shreyas Narendra Shah |
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Designation : |
Whole Time director |
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Address : |
7, Pavlova, Little |
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Date of Birth/Age : |
24.01.1948 |
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Date of Appointment : |
01.07.2001 |
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DIN No.: |
00677664 |
KEY EXECUTIVES
|
Name : |
Mr. Anil Singh |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS
As on 24.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Saurin Devendra Shah (Jointly Zarna Saurin Shah) |
|
164900 |
|
Shreyas Narendra Shah |
|
58900 |
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Saurin Devendra Shah (HUF) (Jointly Zarna Saurin Shah) |
|
13900 |
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Shreyas Narendra Shah (HUF) (Jointly Kalpana Shreyas Shah) |
|
6700 |
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Kalpana Shreyas Shah (Jointly Shreyas Narendra Shah) |
|
109900 |
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Devendra Ramanlal Shah (HUF) (Jointly Saurin Devendra Shah) |
|
114800 |
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Shah Saurin Zarna (Jointly Zarna Saurin Shah) |
|
207900 |
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Devendra Ramanlal Shah (Jointly Saurin Devendra Shah) |
|
61400 |
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Shilpa Rajesh Sheth (Jointly Saurin Devendra Shah) |
|
100 |
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Shah Jayesh Suchita (Jointly Saurin Devendra Shah) |
|
100 |
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Devendra Ramanlal Shah (Jointly Shreyas Narendra Shah) |
|
100 |
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Narendra Ramanlal Shah (HUF) |
|
100 |
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Virbala Narendra Shah (Jointly Narendra Ramanlal Shah) |
|
100 |
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Rajul Asit Shah (Narendra Ramanlal Shah) |
|
100 |
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Rajendra Ramanlal Shroff (HUF) (Jointly Sujal Rajendra Shroff) |
|
100 |
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Sohil Shreyas Shah (Jointly Shreyas Narendra Shah) |
|
300 |
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Aashini Saurin Shah (Jointly Saurin Devendra Shah) |
|
40100 |
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Aesha Saurin Shah (Jointly Saurin Devendra Shah) |
|
40100 |
|
Sohil Shreyas Shah (Jointly Anupa Sohil Shah) |
|
200 |
|
Anupa Sohil Shah (Sohil Shreyas Shah) |
|
100 |
|
Shah Sohil Aarav |
|
100 |
|
Total |
|
820000 |
Equity Share Break up (Percentage of Total Equity)
As on 24.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading of Information Technology Products and Providing Maintenance
and Related Services. |
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Products : |
Information Technology Products |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
Not Divulged |
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Customers : |
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No. of Employees : |
Information denied by management |
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Bankers : |
· State Bank of India, Industrial Finance Branch, Devchand House, Shivsagar Estate, Worli, Mumbai - 400018, Maharashtra, India · Axis Bank Limited ·
ICICI Bank Limited |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Chandrakant and Sevantilal Chartered Accountants |
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Address : |
4, Fairy Manor, 2nd Floor, 13, R. Sidhwa Marg, (Gunbow St.), Fort,
Mumbai – 400001, Maharashtra, India |
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Tel. No.: |
91-22-22660673/ 22661754 / 22662959 |
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Fax No.: |
91-22-22662744 |
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PAN No.: |
AAAFC0278Q |
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Memberships : |
-- |
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Collaborators : |
-- |
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Wholly owned Subsidiary Company : |
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|
Company under same management : |
·
Flowery Finance
and Management Services Private Limited ·
Ping Networks and Wireless
Private Limited ·
Terraa Propex Private
Limited |
CAPITAL STRUCTURE
As on 24.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1450000 |
Equity Shares |
Rs. 10/- each |
Rs. 14.500 Millions |
|
50000 |
Preference Shares |
Rs. 10/- each |
Rs. 0.500 Million |
|
|
Total |
|
Rs.14.500
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
820000 |
Equity Shares |
Rs. 10/- each |
Rs. 8.200
Millions |
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 |
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|
|
|
(1)Shareholders' Funds |
|
|
|
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(a) Share Capital |
8.200 |
8.200 |
8.200 |
|
(b) Reserves & Surplus |
97.633 |
85.176 |
76.852 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
105.833 |
93.376 |
85.052 |
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|
|
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(3)
Non-Current Liabilities |
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|
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(a) long-term borrowings |
46.369 |
31.442 |
26.040 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
3.537 |
3.246 |
5.917 |
|
(d) long-term
provisions |
1.167 |
0.591 |
0.685 |
|
Total Non-current
Liabilities (3) |
51.073 |
35.279 |
32.642 |
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(4)
Current Liabilities |
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(a) Short
term borrowings |
20.709 |
18.372 |
19.463 |
|
(b) Trade
payables |
66.744 |
50.785 |
41.842 |
|
(c) Other
current liabilities |
25.325 |
31.113 |
19.896 |
|
(d) Short-term
provisions |
1.005 |
0.899 |
0.640 |
|
Total Current
Liabilities (4) |
113.783 |
101.169 |
81.841 |
|
|
|
|
|
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TOTAL |
270.689 |
229.824 |
199.535 |
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II.
ASSETS |
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|
|
|
(1)
Non-current assets |
|
|
|
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(a) Fixed
Assets |
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|
|
|
(i)
Tangible assets |
12.582 |
14.664 |
5.577 |
|
(ii)
Intangible Assets |
0.105 |
0.175 |
0.292 |
|
(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 |
7.967 |
6.554 |
6.310 |
|
(c) Deferred tax assets (net) |
1.348 |
0.983 |
0.604 |
|
(d) Long-term Loan and Advances |
130.318 |
73.192 |
28.885 |
|
(e) Other
Non-current assets |
0.392 |
0.660 |
0.564 |
|
Total Non-Current
Assets |
152.712 |
96.228 |
42.232 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
18.963 |
28.402 |
33.672 |
|
(c) Trade
receivables |
87.492 |
88.946 |
82.223 |
|
(d) Cash
and cash equivalents |
6.725 |
11.806 |
7.620 |
|
(e)
Short-term loans and advances |
4.602 |
4.297 |
33.549 |
|
(f) Other
current assets |
0.195 |
0.145 |
0.239 |
|
Total
Current Assets |
117.977 |
133.596 |
157.303 |
|
|
|
|
|
|
TOTAL |
270.689 |
229.824 |
199.535 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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SALES |
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Other Income |
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TOTAL (A) |
687.331 |
534.957 |
498.581 |
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|
|
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||
|
Less |
EXPENSES |
|
|
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||
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|
TOTAL (B) |
|
|
480.400 |
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||
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PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(Including Financial Expenses) |
(Including Financial Expenses) |
18.181 |
||
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||
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Less |
FINANCIAL
EXPENSES (D) |
|
|
3.884 |
||
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||
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|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
26.928 |
22.378 |
14.297 |
||
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||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
3.980 |
3.358 |
2.187 |
||
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||
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|
PROFIT/(LOSS) BEFORE
TAX (E-F) (G) |
22.948 |
19.020 |
12.110 |
||
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||
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Less |
TAX (H) |
5.726 |
5.930 |
3.965 |
||
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||
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|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
17.222 |
13.090 |
8.145 |
||
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
76.773 |
69.758 |
61.613 |
||
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Less |
APPROPRIATIONS |
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||
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|
|
Transfer to General Reserve |
1.730 |
1.310 |
0.000 |
|
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|
|
Dividend |
4.100 |
4.100 |
0.000 |
|
|
|
|
Tax on Dividend |
0.665 |
0.665 |
0.000 |
|
|
|
BALANCE CARRIED
TO THE B/S |
87.500 |
76.773 |
69.758 |
||
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EARNINGS IN
FOREIGN CURRENCY |
|
|
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||
|
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|
Export Earnings |
8.205 |
6.414 |
6.601 |
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TOTAL EARNINGS |
8.205 |
6.414 |
6.601 |
||
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IMPORTS |
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||
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|
|
Trading Goods and Services |
17.176 |
3.552 |
9.364 |
|
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|
|
Capital Goods |
0.000 |
0.057 |
0.080 |
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TOTAL IMPORTS |
17.176 |
3.609 |
9.444 |
||
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||
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|
Earnings /
(Loss) Per Share (Rs.) |
21.00 |
15.96 |
9.93 |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.78 |
8.56 |
6.29 |
|
|
|
|
|
|
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Return on Investment (ROI) (PBT/Networth) |
|
0.22 |
0.20 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.63 |
0.53 |
0.54 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.04 |
1.32 |
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 |
8.200 |
8.200 |
8.200 |
|
Reserves & Surplus |
76.852 |
85.176 |
97.633 |
|
Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
85.052 |
93.376 |
105.833 |
|
|
|
|
|
|
Long Term borrowings |
26.040 |
31.442 |
46.369 |
|
Short Term borrowings |
19.463 |
18.372 |
20.709 |
|
Total
borrowings |
45.503 |
49.814 |
67.078 |
|
Debt/Equity
ratio |
0.535 |
0.533 |
0.634 |
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 |
|
Total Income |
498.581 |
534.957 |
687.331 |
|
|
|
7.296 |
28.483 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Total Income |
498.581 |
534.957 |
687.331 |
|
Profit |
8.145 |
13.090 |
17.222 |
|
|
1.63% |
2.45% |
2.51% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
Rs.
In Millions
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current maturities of long term debt |
10.706 |
19.059 |
7.660 |
|
Total |
10.706 |
19.059 |
7.660 |
|
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 |
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 |
Yes |
|
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 |
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 |
Yes |
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
LONG TERM BORROWINGS |
|
|
|
Other Loans and
Advances from related parties From Directors |
|
|
|
Non-Current Portion |
15.950 |
4.165 |
|
Current Portion |
0.000 |
0.100 |
|
From
Shareholders |
|
|
|
Non-Current Portion |
29.115 |
24.610 |
|
Current Portion |
7.750 |
16.810 |
|
Less: Current Portion |
10.706 |
19.059 |
|
Total |
42.109 |
26.626 |
OPERATIONAL REVIEW
The total sales during the year was Rs. 665.400 Millions, registering a growth
of about 27.86 percent over 2011-12. The Profit after tax was Rs. 17.200
Millions as against Rs.13.100 Millions in the previous year. The Company has
performed consistently and manages itself to grow in the competitive market.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90156279 |
09/10/2013 * |
110,000,000.00 |
State Bank Of India |
Industrial Finance Branch, Devchand House, Shivsagar Estate, Worli, Mumbai, Maharashtra - 400018, India |
B88550850 |
*Date of modification Charges
FIXED ASSETS:
· Computer System
· Office and Other Equipments
· Testing Equipment
· Furniture and Fixture
· Air Conditioners and Refrigerator
· Vehicles
· Electrical Fittings
· 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 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.63.18 |
|
|
1 |
Rs.98.85 |
|
Euro |
1 |
Rs.77.42 |
INFORMATION DETAILS
|
Information Gathered
by : |
HTL |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
44 |
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.