|
Report Date : |
23.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
ESDS SOFTWARE SOLUTION PRIVATE LIMITED
|
|
|
|
|
Registered
Office : |
Plot No.B-24 and 25, Nice Industrial Area, MIDC, Satpur, Nashik –
422007, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
18.08.2005 |
|
|
|
|
Com. Reg. No.: |
11-155433 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.49.600 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200MH2005PTC155433 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in providing IT enabled services (web hosting services, technical support services, data center setup and consulting services) and supply of IT enabled products closely connected with the rendering of the IT enabled services. |
|
|
|
|
No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 820000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Profitability of the company seems to be decent. General financial
position of the company seems to be sound and healthy. 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. |
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
India’s current
account deficit narrowed in the quarter ended September as government measures
to curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as the
cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of
transactions has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
SME: 2 |
|
Rating Explanation |
High Credit Worthiness |
|
Date |
25.03.2013 |
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 DECLINED BY
|
Name : |
Mr. Ranji Singh |
|
Contact No.: |
91-8750055110 |
|
Date : |
21.01.2014 |
LOCATIONS
|
Registered/
Corporate Office : |
Plot No.B-24 and 25, Nice Industrial Area, MIDC, Satpur, Nashik –
422007, Maharashtra, India |
|
Tel. No.: |
91-253-6636500 |
|
Mobile No.: |
91-8750055110 (Mr. Ranji Singh) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Offices : |
Located at: · Delhi · Mumbai · Pune · Surat · Jamshedpur |
DIRECTORS
(AS ON 30.09.2013)
|
Name : |
Mr. Piyush Prakashchandra Somani
|
|
Designation : |
Director |
|
Address : |
32, Neha Bungalow Cherry Hill, Pipe Line Road, Nashik – 422013,
Maharashtra, India |
|
Date of Birth/Age : |
09.06.1979 |
|
Date of Appointment : |
18.08.2005 |
|
DIN No.: |
02357582 |
|
|
|
|
Name : |
Mrs. Sarla Prakashchandra Somani |
|
Designation : |
Director |
|
Address : |
32, Neha Bungalow Cherry Hill, Pipe Line Road, Nashik – 422013,
Maharashtra, India |
|
Date of Birth/Age : |
03.11.1957 |
|
Date of Appointment : |
18.08.2005 |
|
DIN No.: |
02357805 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2013)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Piyush Prakashchandra Somani |
|
2480000 |
|
Sarla Prakashchandra Somani |
|
2480000 |
|
|
|
|
|
Total |
|
4960000 |
(AS ON 30.09.2013)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in providing IT enabled services (web hosting services, technical support services, data center setup and consulting services) and supply of IT enabled products closely connected with the rendering of the IT enabled services. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by management |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
· Citi Bank N. A. Rushiraj
Presidency, Plot No. 52 and 53, D’souza Colony, College Road, Nashik – 422
005, Maharashtra, India · Yes Bank Limited 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India · Canara Bank Gangapur Road, Nashik – 422005, Maharashtra, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
BBSR and Company Chartered Accountants |
|
Address : |
703, 7th Floor, Godrej Castlemaine Next to Ruby Hall Clinic
Bund Garden Road, Pune – 411001, Maharashtra, India |
|
PAN No.: |
AAKFB4397F |
|
Tel No.: |
91-20-30504000 |
|
Fax No.: |
91-20-30504100 |
|
|
|
|
Enterprises over which key management personnel exercise significant
influence: |
· ESDS Internet Services Private Limited · Geore Consultant and Mining Private Limited |
CAPITAL STRUCTURE
(AS ON 30.09.2013)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4960000 |
Equity Shares |
Rs.10/- each |
Rs.49.600
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 |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
49.600 |
0.200 |
0.200 |
|
(b) Reserves & Surplus |
154.252 |
178.421 |
153.116 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
203.852 |
178.621 |
153.316 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
115.730 |
77.639 |
2.077 |
|
(b) Deferred tax liabilities (Net) |
0.696 |
3.708 |
3.241 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
3.983 |
2.753 |
1.605 |
|
Total Non-current Liabilities (3) |
120.409 |
84.100 |
6.923 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
15.000 |
0.000 |
|
(b) Trade payables |
55.341 |
8.510 |
208.897 |
|
(c) Other current
liabilities |
60.109 |
39.343 |
18.134 |
|
(d) Short-term provisions |
1.806 |
2.706 |
4.898 |
|
Total Current Liabilities (4) |
117.256 |
65.559 |
231.929 |
|
|
|
|
|
|
TOTAL |
441.517 |
328.280 |
392.168 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
162.433 |
147.112 |
139.083 |
|
(ii) Intangible Assets |
7.771 |
9.903 |
0.000 |
|
(iii) Capital work-in-progress |
13.360 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.215 |
0.090 |
0.090 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
87.183 |
32.567 |
23.237 |
|
(e) Other Non-current assets |
4.001 |
2.702 |
0.000 |
|
Total Non-Current Assets |
274.963 |
192.374 |
162.410 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
130.782 |
79.807 |
216.696 |
|
(d) Cash and cash
equivalents |
20.185 |
15.161 |
6.526 |
|
(e) Short-term loans and
advances |
11.843 |
40.435 |
6.536 |
|
(f) Other current assets |
3.744 |
0.503 |
0.000 |
|
Total Current Assets |
166.554 |
135.906 |
229.758 |
|
|
|
|
|
|
TOTAL |
441.517 |
328.280 |
392.168 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
297.058 |
280.102 |
338.870 |
|
|
|
Other Income |
7.476 |
3.152 |
4.224 |
|
|
|
TOTAL (A) |
304.534 |
283.254 |
343.094 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employee benefit Expenses |
95.230 |
71.486 |
50.115 |
|
|
|
Operating and other Expenses |
127.673 |
146.770 |
235.489 |
|
|
|
TOTAL (B) |
222.903 |
218.256 |
285.604 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
81.631 |
64.998 |
57.490 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
16.594 |
4.130 |
2.123 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
65.036 |
6.868 |
55.367 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
27.354 |
22.178 |
17.931 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
37.682 |
38.690 |
37.436 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
12.451 |
13.385 |
7.654 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
25.231 |
25.305 |
29.782 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Technical support services |
135.930 |
113.088 |
94.921 |
|
|
|
Webhosting services |
16.089 |
3.074 |
0.584 |
|
|
|
Sale of traded products |
31.572 |
24.785 |
0.000 |
|
|
TOTAL EARNINGS |
183.591 |
140.947 |
95.505 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
0.545 |
1.604 |
1.015 |
|
|
|
Traded Products |
32.503 |
24.975 |
0.000 |
|
|
TOTAL IMPORTS |
33.048 |
26.579 |
1.015 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.09 |
1265.26 |
1489.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
8.296
|
8.93 |
8.68 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
12.69
|
13.81 |
11.05 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.81
|
11.79 |
9.55 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.22 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.57
|
0.52 |
0.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.42
|
2.07 |
0.99 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
||
|
Current maturities of long-term debt |
25.467 |
12.257 |
9.730
|
|
|
|
|
|
|
Total |
25.467 |
12.257 |
9.730
|
|
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 |
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 |
Yes |
|
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 |
Yes |
NOTE:
The Registered office of the company has been shifted
from 10, Archana Society, Lokmanya Nagar, Nasik Road, Nasik – 422101,
Maharashtra, India, to the present address w.e.f. 05.08.2009.
UNSECURED LOANS
|
PARTICULARS |
31.03.2013 (Rs. in Millions) |
31.03.2012 (Rs. in Millions) |
||||||||||||||||||||||||||||||||
|
Long-term Borrowings |
|
|
||||||||||||||||||||||||||||||||
|
Term loan from financial institutions |
1.609 |
1.160 |
||||||||||||||||||||||||||||||||
|
Total |
1.609 |
1.160 |
||||||||||||||||||||||||||||||||
|
Note: Term loan from banks and financial institutions carry
interest rate ranging from 14% p.a to 18% p.a. having different repayment periods,
Maturity of term loans: (Rs.
in Millions)
* disclosed under other current liabilities |
||||||||||||||||||||||||||||||||||
OUTLOOK:
According to NASSCOM Strategic Review 2013, Global technology spend is expected to grow by 6% in 2013. Worldwide IT Services spending is expected to grow is expected to grow 4.2% in 2013 and 4.6% in 2014. The growth is fuelled both by use of IT to reduce cost structure as well as increased adoption of Cloud, Mobility, Analytics and Social Media. India continues to be the global sourcing leader. Global sourcing accounts for only a little over 10 per cent of global technology spending and this highlights India's growth potential in the context of the large and untapped market opportunity.
COMPANY OVERVIEW
Subject was incorporated on 18 August 2005. ESDS is engaged in providing IT enabled services (web hosting services, technical support services, data center setup and consulting services) and supply of IT enabled products closely connected with the rendering of the IT enabled services.
CONTINGENT LIABILITIES
|
Particulars |
31.03.2013 (Rs. In
Millions) |
|
|
|
|
Income tax matters |
0.111 |
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10417792 |
10/04/2013 |
10,500,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
1ST FLOOR,
PINGLE COMPLEX,, OPP. KULKARNI GARDEN, |
B72616451 |
|
2 |
10422798 |
01/07/2013 * |
130,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
B79956603 |
|
3 |
10377479 |
25/09/2012 |
45,500,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
1ST FLOOR,
PINGLE COMPLEX,, OPP. KULKARNI GARDEN, |
B58469933 |
|
4 |
10344210 |
28/03/2012 |
15,000,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
1st FLOOR,
PRINGLE COMPLEX, OPP. KULKARNI GARDEN, |
B35800952 |
Date of charge modification
FIXED ASSETS:
· Leasehold Land
· Building
· Furniture and Fixture
· Computer and Data Centre Equipment
· Office Equipment
· Vehicles
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.61.92 |
|
|
1 |
Rs.101.98 |
|
Euro |
1 |
Rs.83.93 |
INFORMATION DETAILS
|
Information Gathered
by : |
HTL |
|
|
|
|
Report Prepared
by : |
NIT/ KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--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 |
|
48 |
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.