MIRA
INFORM REPORT
|
Report Date : |
26.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
TEAM ONE TECHNOLOGIES PRIVATE LIMITED (w.e.f. 03.11.2008) |
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|
Formerly Known
As : |
TEAM ONE COMPUTERS ( |
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Registered Office
: |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
30.03.1999 |
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Com. Reg. No.: |
11-119178 |
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Capital
Investment / Paid-up Capital : |
Rs.0.424
million |
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CIN No.: [Company Identification
No.] |
U72100MH1999PTC119178 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of Computer and Computer Peripherals. |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 31000 |
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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 a satisfactory track record. The company has
achieved fair profitability from its operational activities during the
financial year 2013. 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 condition. |
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 (PARTIAL DETAILS)
|
Name : |
Ms. Pragati |
|
Designation : |
Accounts Head |
|
Contact No.: |
91-22-43349999 |
|
Date : |
24.02.2014 |
LOCATIONS
|
Registered Office/ Head Office : |
Satnam Mansion, 1st Floor, Room No.9, Dr. Babasaheb
Ambedkar Road, Dadar (East), Mumbai – 400 014, Maharashtra, India |
|
Tel. No.: |
91-22-43349999/ 24116100/
24116200/ 24154100/ 24154200 |
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Fax No.: |
91-22-24154300 |
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E-Mail : |
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Website : |
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Service Centre : |
186, Prakash Mansion, Office
No.34, 2nd Floor, Dr. Ambedkar Road, Above Great Punjab Hotel, Dadar (East), Mumbai – 400
014, Maharashtra, India |
|
Tel. No.: |
91-22-24168888 |
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Fax No.: |
91-22-24154300 |
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E-Mail : |
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Branch Office 1 : |
462, Centrial Facility Building, Phase 2, Market No.1, APMC Market, Vashi, Navi Mumbai – 400 705, Maharashtra, India |
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E-Mail : |
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Branch Office 2 : |
14 C-2, Shri Ganesh Krupa
Society, Lane No.12, Ramkrishna Paramhansa Nagar, Paud Road, Kottrud, Pune,
Maharashtra, India |
|
Tel. No.: |
91-20-25381660/ 25221540 |
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E-Mail : |
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Branch Office 3 : |
204, Anand Complex, Jetalpur
Road, Alkapuri, Vadodara – 390 007,
Gujarat, India |
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Tel. No.: |
91-265-2359804 |
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Fax No.: |
91-265-2310258 |
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E-Mail : |
DIRECTORS
AS ON 28.09.2013
|
Name : |
Mr. Hiren Keshavji Gogri |
|
Designation : |
Director |
|
Address : |
203,
2 Bharat Kunj Heights, Plot No. 323C, Chandavarkar Road, Matunga (C.R),
Mumbai ‐ 400 019, Maharashtra,
India |
|
Date of Birth/Age : |
05.06.1970 |
|
Date of Appointment : |
30.03.1999 |
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DIN No.: |
00064126 |
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|
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Name : |
Mr. Bimal Lalji Vora |
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Designation : |
Director |
|
Address : |
301,
Arihant House, Above Bank of India, St.
Xavier's Street, Parel, Mumbai ‐ 400 012, Maharashtra, India |
|
Date of Birth/Age : |
03.12.1968 |
|
Date of Appointment : |
30.03.1999 |
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DIN No.: |
00344405 |
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|
|
|
Name : |
Mrs. Harsha Hiren Gogri |
|
Designation : |
Director |
|
Address : |
203,
2 Bharat Kunj Heights, Plot No. 323C, Chandavarkar Road, Matunga (C.R),
Mumbai ‐ 400 019, Maharashtra,
India |
|
Date of Birth/Age : |
08.02.1971 |
|
Date of Appointment : |
04.07.2005 |
|
DIN No.: |
00336802 |
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|
|
|
Name : |
Mrs. Parul Bimal Vora |
|
Designation : |
Director |
|
Address : |
301,
Arihant House, Above Bank of India, St.
Xavier's Street, Parel, Mumbai ‐ 400 012, Maharashtra, India |
|
Date of Birth/Age : |
27.10.1970 |
|
Date of Appointment : |
04.07.2005 |
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DIN No.: |
00344491 |
KEY EXECUTIVES
|
Name : |
Ms. Pragati |
|
Designation : |
Accounts Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Hiren Keshavji Gogri |
11200 |
26.42 |
|
Bimal Lalji Vora |
11100 |
26.18 |
|
Harsha Hiren Gogri |
10000 |
23.58 |
|
Parul Bimal Vora |
10000 |
23.58 |
|
Bimal Lalji Vora (HUF) |
100 |
0.24 |
|
Total
|
42400 |
100.00 |
AS ON 28.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Computer and Computer Peripherals. |
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Agencies Held : |
·
Dell ·
Samsung ·
Acer ·
Lenovo |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
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Bankers : |
HDFC
Bank Limited |
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Facilities : |
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Banking Relations
: |
-- |
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Financial Institution : |
Bajaj
Auto Finance Limited |
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Auditors : |
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Name : |
Gala and Gala Chartered Accountants |
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Address : |
409-413, Navratan Building, 120-122, P.D. Mello Road, Carnac Bridge Corner,
Mumbai – 400 009, Maharashtra, India |
|
PAN No.: |
AAAFG7453K |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
245000 |
Equity Shares |
Rs.10/- each |
Rs.2.450 millions |
|
5000 |
6%
Non-Cumulative Redeemable Preference Shares |
Rs.10/- each |
Rs.0.050 million |
|
|
Total |
|
Rs.2.500
millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
42400 |
Equity Shares |
Rs.10/- each
|
Rs.0.424
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 |
0.424 |
0.424 |
0.424 |
|
(b) Reserves & Surplus |
7.396 |
5.211 |
2.880 |
|
(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) |
7.820 |
5.635 |
3.304 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
2.038 |
1.012 |
1.340 |
|
(b) Deferred tax liabilities (Net) |
0.150 |
0.159 |
0.161 |
|
(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) |
2.188 |
1.171 |
1.501 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
6.370 |
1.692 |
5.559 |
|
(b)
Trade payables |
8.161 |
7.039 |
5.487 |
|
(c)
Other current liabilities |
14.999 |
38.405 |
12.188 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
29.530 |
47.136 |
23.234 |
|
|
|
|
|
|
TOTAL |
39.538 |
53.942 |
28.039 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
1.859 |
1.899 |
1.961 |
|
(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 |
2.284 |
1.871 |
1.429 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.437 |
0.230 |
0.130 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
4.580 |
4.000 |
3.520 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
5.228 |
4.544 |
1.743 |
|
(c)
Trade receivables |
16.092 |
15.086 |
18.307 |
|
(d) Cash
and cash equivalents |
12.796 |
29.561 |
2.681 |
|
(e)
Short-term loans and advances |
0.842 |
0.751 |
1.788 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
34.958 |
49.942 |
24.519 |
|
|
|
|
|
|
TOTAL |
39.538 |
53.942 |
28.039 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue
from Operations (Net) |
108.261 |
110.006 |
78.103 |
|
|
|
Other Income |
2.337 |
1.338 |
0.471 |
|
|
|
TOTAL (A) |
110.598 |
111.344 |
78.574 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase
of Traded Goods |
77.362 |
|
76.712 |
|
|
|
(Increase)
/ Decrease in inventories of finished goods |
(0.684) |
(2.800) |
|
|
|
|
Employee
benefits Expense |
19.694 |
17.464 |
|
|
|
|
Other
Expenses |
8.867 |
6.789 |
|
|
|
|
TOTAL (B) |
105.239 |
106.659 |
76.712 (including
financial and depreciation) |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
5.359 |
4.685 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.874 |
0.932 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3.485 |
3.753 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.321 |
0.297 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX (E-F) (G) |
3.164 |
3.456 |
1.862 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.978 |
1.126 |
0.596 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
2.186 |
2.330 |
1.266 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
5.210 |
2.880 |
1.932 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Utilisation
by issue of Bonus Shares |
0.000 |
0.000 |
0.318 |
|
|
BALANCE CARRIED
TO THE B/S |
7.396 |
5.210 |
2.880 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Incentive Received |
0.347 |
0.009 |
0.000 |
|
|
TOTAL EARNINGS |
0.347 |
0.009 |
0.000
|
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Traded Goods |
4.149 |
3.730 |
NA |
|
|
TOTAL IMPORTS |
4.149 |
3.730 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
51.55 |
54.95 |
29.87 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.98
|
2.09 |
1.61 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.92
|
3.14 |
2.38 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.49
|
6.64 |
7.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.40
|
0.61 |
0.56 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.08
|
0.48 |
2.09 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.18
|
1.06 |
1.06 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
0.424 |
0.424 |
0.424 |
|
Reserves & Surplus |
2.880 |
5.211 |
7.396 |
|
Net worth |
3.304 |
5.635 |
7.820 |
|
|
|
|
|
|
long-term borrowings |
1.340 |
1.012 |
2.038 |
|
Short term borrowings |
5.559 |
1.692 |
6.370 |
|
Total borrowings |
6.899 |
2.704 |
8.408 |
|
Debt/Equity ratio |
2.088 |
0.480 |
1.075 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from Operations (Net) |
78.103 |
110.006 |
108.261 |
|
|
|
40.847 |
(1.586) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Revenue from Operations (Net) |
78.103 |
110.006 |
108.261 |
|
Profit |
1.266 |
2.330 |
2.186 |
|
|
0.016 |
0.021 |
0.020 |
LOCAL AGENCY FURTHER INFORMATION
Details of Current maturities of long term debt:
|
Particulars |
31.03.2013 (Rs. in millions) |
31.03.2012 (Rs. in millions) |
31.03.2011 (Rs. in millions) |
|
Current
maturities of long term debt |
3.183 |
1.221 |
0.593 |
|
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 |
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 |
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 |
|
Unsecured Loans |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG TERMS BORROWINGS |
|
|
|
Bajaj
Auto Finance Limited |
0.000 |
0.358 |
|
SHORT TERM BORROWINGS |
|
|
|
Loans
and advances from related parties |
1.983 |
0.000 |
|
Deposits |
0.545 |
0.368 |
|
Total
|
2.528 |
0.726 |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
90351304 |
25/10/2005 |
500,000.00 |
GREATER BOMBAY
CO-OPERATIVE BANK LIMITED |
NAROJI HOUSE, MUMBAI,
MAHARASHTRA, INDIA |
- |
OPERATIONS:
During the year the
turnover of the company has decreased to Rs.108.261 millions as compared to
Rs.110.006 millions in previous year due to slow down in the overall economy of
the country, which has also marginally affected the profit of the company.
CONTINGENT
LIABILITIES (AS ON 31.03.2013):
·
Liability
on account of Comprehensive Hardware Maintenance Rs.0.054 million
FIXED ASSETS:
·
Office
Equipments
·
Fax
Machine
·
Telephone
Instrument
·
Air
Conditioner
·
Furniture
·
Motor
Car
·
Computers
·
UPS
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.61.97 |
|
|
1 |
Rs.103.31 |
|
Euro |
1 |
Rs.85.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Report Prepared
by : |
SMN |
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 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
45 |
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.