MIRA INFORM REPORT
|
Report Date : |
26.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
MEDIAMAN INFOTECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1402, 14th Floor, B-Gold Field Height CHS, Sant Rohidas
Marg, Kranti Nagar, Kala Killa, Dharavi, Mumbai – 400017, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
11.11.1996 |
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Com. Reg. No.: |
11-103900 |
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Capital
Investment / Paid-up Capital : |
Rs. 5.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200MH1996PTC103900 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM20869C |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACM8186G |
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|
Legal Form : |
Private Limited Liability Company
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Line of Business
: |
Trader and Importer of
Hardware and Computer Peripherals. |
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|
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|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 91000 |
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|
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having moderate track record. The management has reported a minimal profit along with a low profit margin
as on 2013, against a loss recorded during previous year. However, trade relations appear to be fair. Business is active.
Payment terms are reported as 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.
INDIAN ECONOMIC OVERVIEW
The worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under
control, said the agency. Ratings firm Crisil has forecast 6 % growth for
2014/15 up from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous
year. The drop in India was steeper at 21 %. State run carrier Air India
is doling out free tickets to its 24000 employees, even as it expects to incur
a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a
one-fourth share in total jobs created, according to a study by industry lobby
group Assochem, Banks, real estate, automobile and telecommunications sectors
are showing a rise of job creation. $ 805 mn investments by venture capital firms
in India during 2013, registering a drop of about 18 % over the previous year.
The Information Technology and IT-Enabled Services Industry retained its
status as the favourable venture capital investors in 2013. Pakistan has
temporarily banned gold imports for the second time in six months, as it tries
to stem smuggling into India. India’s import duty on gold is 10 % and curbs on
purchases have dried up legal imports into what used to be the world’s biggest
bullion buyers. The World Gold Council puts the amount smuggled into India at
upto 200 tonnes in 2013. The Reserve Bank of India has proposed that unclaimed
bank deposits estimated to be about Rs 35000 mn be used for education and
awareness among depositors. According to the plan, deposits that have not
been claimed for at least 10 years will be transferred to the scheme.
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. Sagar Mane |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-24061200 |
|
Date : |
24.02.2014 |
LOCATIONS
|
Registered / Head Office : |
1402, 14th Floor, B-Gold Field Height CHS, Sant Rohidas Marg, Kranti Nagar, Kala Killa, Dharavi, Mumbai – 400017, Maharashtra, India |
|
Tel. No.: |
91-22-24061200 |
|
Fax No.: |
91-22-24061200 |
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E-Mail : |
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|
Website : |
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Warehouse : |
0/1-102, Shree Munusuvrat Complex, Rahnal Village, Bhiwandi, Thane -
421302, Maharashtra, India |
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|
|
|
Branch Office : |
Located at ·
Ahmedabad ·
Bangalore ·
Chennai ·
Kolkata ·
New Delhi ·
Pune ·
Secunderabad |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Dushyant Daulatrai Mehta |
|
Designation : |
Managing Director |
|
Address : |
Flat No. 11, IInd Floor, Plot No. 38, Pallavi, Manikrao Lotikar Marg, Sewri
Wadala Road, King Circle, Mumbai – 400019, Maharashtra, India |
|
Date of Birth/Age : |
05.03.1965 |
|
Qualification : |
B.Com, M Phil |
|
Date of Appointment : |
15.12.1998 |
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Voter ID No.: |
ZHS4511473 |
|
DIN No.: |
00365627 |
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|
|
|
Name : |
Mrs. Aditi Dushyant Mehta |
|
Designation : |
Director |
|
Address : |
Flat No. 11, IInd Floor, Plot No. 38, Pallavi, Manikrao Lotikar Marg,
Sewri Wadala Road, King Circle, Mumbai – 400019, Maharashtra, India |
|
Date of Birth/Age : |
01.08.1976 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
01.07.2002 |
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Voter ID No.: |
ZHS1506070 |
|
DIN No.: |
00365806 |
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|
|
|
Name : |
Mr. Digant Dushyant Mehta |
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Designation : |
Director |
|
Address : |
Plot No. 38, Flat No.10/11, Pallavi Building, M L Road, Behind Don
Bosco School, Mumbai – 400019, Maharashtra, India |
|
Date of Birth/Age : |
29.08.1991 |
|
Date of Appointment : |
14.01.2013 |
|
DIN No.: |
06470366 |
KEY EXECUTIVES
|
Name : |
Mr. Sagar Mane |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Dushyant Daulatrai Mehta |
399890 |
79.98 |
|
Aditi Dushyant Mehta |
100110 |
20.02 |
|
Total |
500000 |
100.00 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of
Hardware and Computer Peripherals. |
|
|
|
|
Products : |
·
StoreJet
25C ·
JetFlash ·
Transcend
T.photo 720 ·
Palit
GeForce 9600GT ·
Memorex
DVD-RW ·
Emtec Movie
Club R700 ·
Palit
Radeon 4850 ·
Eset Smart
Security ·
Eset
NOD32Antivirus |
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|
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Imports : |
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Products : |
Hardware and Computer
Peripherals |
|
Countries : |
Taiwan |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
· Standard Chartered Bank, SME Credit, Crescenzo, 3A/F, Plot No. C-38 and 39, G Block, Bandra Kurla Complex, Bandra, Mumbai - 400051, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
B. M. Parekh and Company Chartered Accountants |
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Address : |
Navjivan Society, Bldg No. 3, 2nd Floor, Office No. 3, Lamington Road, Mumbai – 400008, Maharashtra, India |
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Tel. No. : |
91-22-23073126/ 23053893 |
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Mobile No. : |
91-9322286981 |
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Fax No. : |
91-22-23088804 |
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E-Mail : |
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Website: |
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Income-tax
PAN of auditor or auditor's firm : |
AAHFB7593A |
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Related Party : |
Brain Bird Infotech Private Limited |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Millions |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000
Millions |
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|
|
|
|
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 |
5.000 |
5.000 |
3.000 |
|
(b) Reserves & Surplus |
17.800 |
16.347 |
16.783 |
|
(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 |
|
Total
Shareholders’ Funds (1) + (2) |
22.800 |
21.347 |
19.783 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
22.685 |
12.376 |
4.090 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
22.685 |
12.376 |
4.090 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
19.395 |
0.000 |
|
(b) Trade
payables |
123.657 |
44.299 |
48.583 |
|
(c) Other
current liabilities |
1.243 |
2.394 |
32.506 |
|
(d) Short-term
provisions |
3.853 |
2.740 |
4.104 |
|
Total Current
Liabilities (4) |
128.753 |
68.828 |
85.193 |
|
|
|
|
|
|
TOTAL |
174.238 |
102.551 |
109.066 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
0.771 |
1.023 |
1.353 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
5.049 |
0.907 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
17.049 |
0.000 |
|
(c) Deferred tax assets (net) |
0.082 |
0.168 |
0.168 |
|
(d) Long-term Loan and Advances |
1.544 |
1.667 |
18.700 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
7.446 |
20.814 |
20.221 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
23.401 |
31.705 |
50.400 |
|
(c) Trade
receivables |
133.575 |
38.649 |
17.901 |
|
(d) Cash
and cash equivalents |
5.785 |
8.424 |
14.301 |
|
(e)
Short-term loans and advances |
4.031 |
2.959 |
6.243 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
166.792 |
81.737 |
88.845 |
|
|
|
|
|
|
TOTAL |
174.238 |
102.551 |
109.066 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
553.340 |
428.488 |
542.312 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
550.687 |
427.406 |
537.233 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
2.653 |
1.082 |
5.079 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.200 |
1.518 |
1.231 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
1.453 |
(0.436) |
3.848 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
12.347 |
12.783 |
8.935 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
13.800 |
12.347 |
12.783 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
2.91 |
(0.87) |
12.83 |
|
Expected Sales (2013-2014) : Rs. 600.000 Millions
The above information has been parted by Mr. Sagar Mane (Accounts
Manager).
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.26
|
(0.10)
|
0.71
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.57
|
1.28
|
4.66
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12
|
0.05
|
0.26
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.99
|
1.49
|
0.21
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.30
|
1.19
|
1.04
|
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 |
3.000 |
5.000 |
5.000 |
|
Reserves & Surplus |
16.783 |
16.347 |
17.800 |
|
Net
worth |
19.783 |
21.347 |
22.800 |
|
|
|
|
|
|
Long-term borrowings |
4.090 |
12.376 |
22.685 |
|
Short term borrowings |
0.000 |
19.395 |
0.000 |
|
Total
borrowings |
4.090 |
31.771 |
22.685 |
|
Debt/Equity
ratio |
0.207 |
1.488 |
0.995 |
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 |
542.312 |
428.488 |
553.340 |
|
|
|
(20.989) |
29.138 |
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 |
542.312 |
428.488 |
553.340 |
|
Profit |
3.848 |
(0.436) |
1.453 |
|
|
0.71% |
(0.10%) |
0.26% |
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
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 |
CURRENT MATURITIES OF
LONG TERM DEBTS: NOT AVAILABLE
LITIGATION DETAILS
|
HIGH COURT OF
BOMBAY |
|
CASE DETAILS BENCH: BOMBAY |
|
Presentation
Date:- 22/08/2013 |
|
Lodging No: CPL/571/2013 Filing Date: 22/08/2013 |
|
Petitioner: M/S HINDUSTAN CARGO LIMITED Respondent: M/S. MEDIAMAN
INFOTECH PRIVATE Petn. Adv : NILESH S. DAS (573) LIMITED District: MUMBAI |
|
Bench: DIVISION Status: Pre-Admission
Category: COMPANY APPLN. U/SEC 433,434,439 OF
COMPANIES
ACT Last Date: 29/08/2013
Stage: Last Coram: REGISTRAR(OS)/PROTHONOTARY & SR. MASTER |
|
Act: Companies Act & Rules 1956 Under Section:
433(E), 434 and 439 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10239526 |
21/10/2011 * |
150,000,000.00 |
STANDARD CHARTERED BANK |
SME CREDIT,
CRESCENZO, 3A/F, PLOT NO. C-38 & 39, |
B23905342 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Directors, Shareholders, Relatives |
22.685 |
12.376 |
|
Total |
22.685 |
12.376 |
BUSINESS
The turnover is higher as compared to the last year. The company hopes to increase the turnover and receipt in the forthcoming year.
FIXED ASSETS
·
Air Condition
·
Electrical Installation
·
Office Equipment
·
Furniture
·
Computer
·
Motor Car
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record exists
to suggest that any director or indirect owners, controlling shareholders,
director, officer or employee of the company is a government official or a
family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.98 |
|
|
1 |
Rs.103.31 |
|
Euro |
1 |
Rs.85.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
MRI |
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 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
30 |
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.