MIRA
INFORM REPORT
|
Report Date : |
01.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
LAMHAS SATELLITE SERVICES LIMITED |
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Registered
Office : |
Tower 1,6th floor, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
22.07.2002 |
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Com. Reg. No.: |
11-136575 |
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Capital
Investment / Paid-up Capital : |
Rs.200.000 Millions |
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CIN No.: [Company Identification
No.] |
U64200MH2002PLC136575 |
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PAN No.: [Permanent Account No.] |
AAACL8423B |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is a Premier Satellite Service Provider. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 862000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. Company has successfully recovered its accumulated losses during the
year 2013 but reserves of the company is low. However, trade relation are fair. Business is active. Payment terms
are 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.
ECGC Country Risk Classification List – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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 DENIED
MANAGEMENT NON CO-OPERATIVE (91-22-41611701)
LOCATIONS
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Registered / Corporate Office : |
Tower 1,6th floor, International Infotech Park, Above Vashi Railway
Station, Vashi, Navi Mumbai – 400703, India |
|
Tel. No. : |
91-22-41611701-10, 41611717 (MCR) |
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Fax No. : |
91-22-41611750 |
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E-Mail : |
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Website : |
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Business Development Office : |
201-202, 2nd Floor, Uday Plaza, 16 A, Uday Park, New Delhi
– 110049, India |
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Tel. No. : |
91-11-46057398 |
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Fax No. : |
91-11-46057399 |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Manoj Moolchand Shah |
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Designation : |
Whole-time Director |
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Address : |
102, Abishek, 65
S. V. Road, Andheri (West) Mumbai – 400058, Maharashtra, India |
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Date of Birth/Age : |
10.11.1960 |
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Date of Appointment : |
1.08.2009 |
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DIN No. : |
01402381 |
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Other Directorship :
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Name : |
Mr. Arvind Moolchand Shah |
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Designation : |
Director |
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Address : |
103/104,
Abishek, Irla Brigde, 65, S. V. Road, Andheri (West), Mumbai – 400058,
Maharashtra, India |
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Date of Birth/Age : |
01.01.1950 |
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Date of Appointment : |
07.11.2002 |
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DIN No. : |
01402417 |
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Other Directorship :
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Name : |
Mr. Shashank Vaidya |
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Designation : |
Director |
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Address : |
3-4-253. Kachiguda, Hyderabad – 500027, Andhra Pradesh, India |
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Date of Birth/Age : |
03.01.1961 |
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Date of Appointment : |
15.1.2011 |
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DIN No. : |
03062791 |
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KEY EXECUTIVES
|
Name : |
Madhuri Prakash Survase |
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Designation : |
Secretary |
|
Address : |
Multi Nagar 1, S. V. Road, Borivali (West), Mumbai –
400092, Maharashtra, India |
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Date of Birth/Age : |
22.02.1989 |
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Date of Appointment : |
01.07.2013 |
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PAN No.: |
CEQPS9483H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders (Equity Shares) |
No. of Shares |
|
Shah Moolchand Manoj |
3010000 |
|
Ghosh Bimal Ashok |
5000 |
|
Shah Moolchand Arvind |
3355000 |
|
Shah Manoj Heena |
150000 |
|
Shah Moolchand Ratnabai |
4900 |
|
Chheda Ashok Hemalata |
100 |
|
Shah Moolchand Arvind (HUF) |
130000 |
|
Shah Moolchand Manoj (HUF) |
130000 |
|
Amu Investment And Finance Private Limited, India |
2825000 |
|
Manar Leasing And Investments Private Limited, India |
390000 |
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|
Total |
10000000 |
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Names of Shareholders (Preferences Shares) |
No. of Shares |
|
Shah Moolchand Manoj |
6235000 |
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Shah Moolchand Arvind |
3345000 |
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Amu Investment And Finance Private Limited, India |
420000 |
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|
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Total |
10000000 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
32.15 |
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Directors or relatives of Directors |
67.80 |
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Other top fifty shareholders |
0.05 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is a Premier Satellite Service Provider. |
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
Not Divulged |
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Bankers : |
œ The Shamrao
Vithal Co-operative Bank Limited œ The Vysya Bank
Limited |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
S. Ramanand
Aiyar And Company Chartered Accountants |
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Address : |
501/ 502, Umerji
House, Next to Crescent Plaza, Opposite Imperial Hotel, Telli Gully, Andheri
(East), Mumbai - 400069, Maharashtra, India |
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PAN
No. : |
ABJFS9507L |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
15000000 |
Preferences Shares |
Rs.10/- each |
Rs.150.000 Millions |
|
|
|
|
|
|
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Total |
|
Rs.250.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
10000000 |
Preferences Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
|
|
|
|
|
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Total |
|
Rs.200.000
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 |
200.000 |
200.000 |
200.000 |
|
(b) Reserves & Surplus |
15.559 |
(36.067) |
(78.047) |
|
(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) |
215.559 |
163.933 |
121.953 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
17.571 |
8.613 |
3.475 |
|
(b) Deferred tax liabilities (Net) |
5.096 |
5.104 |
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) |
22.667 |
13.717 |
3.475 |
|
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
11.919 |
1.990 |
15.946 |
|
(c) Other current liabilities |
11.210 |
14.465 |
11.288 |
|
(d) Short-term provisions |
3.360 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
26.489 |
16.455 |
27.234 |
|
|
|
|
|
|
TOTAL |
264.715 |
194.105 |
152.662 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
121.153 |
109.264 |
109.570 |
|
(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 |
11.160 |
9.631 |
0.575 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
2.210 |
1.744 |
1.360 |
|
(e) Other Non-current assets |
0.212 |
0.423 |
0.635 |
|
Total
Non-Current Assets |
134.735 |
121.062 |
112.140 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
19.574 |
11.586 |
3.144 |
|
(c) Trade receivables |
56.799 |
25.229 |
14.840 |
|
(d) Cash and cash equivalents |
8.518 |
7.244 |
4.880 |
|
(e) Short-term loans and advances |
44.644 |
27.584 |
17.331 |
|
(f) Other current assets |
0.445 |
1.400 |
0.327 |
|
Total
Current Assets |
129.980 |
73.043 |
40.522 |
|
|
|
|
|
|
TOTAL |
264.715 |
194.105 |
152.662 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
346.030 |
297.072 |
182.186 |
|
|
Other Income |
10.738 |
12.787 |
3.005 |
|
|
TOTAL (A) |
356.768 |
309.859 |
185.191 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
245.071 |
204.036 |
142.851 |
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of finished goods, work-in-progress and
Stock-in-Trade |
(7.988) |
(8.442) |
(3.144) |
|
|
Employees benefits expense |
15.150 |
10.244 |
8.411 |
|
|
Prior period item |
0.074 |
0.000 |
0.000 |
|
|
Other expenses |
30.958 |
37.946 |
20.040 |
|
|
TOTAL (B) |
283.265 |
243.784 |
168.158 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
73.503 |
66.075 |
17.033 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.288 |
1.379 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
73.503 |
65.787 |
15.654 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
13.684 |
13.503 |
15.481 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
59.819 |
52.284 |
0.173 |
|
|
|
|
|
|
|
Less |
TAX (I) |
8.193 |
10.304 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
51.626 |
41.980 |
0.173 |
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
5.16 |
4.20 |
0.02 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
14.47
|
14.13 |
0.09 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
17.29
|
17.60 |
0.09 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
23.59
|
28.34 |
0.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28
|
0.32 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.08
|
0.05 |
0.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.91
|
4.44 |
1.49 |
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 |
200.000 |
200.000 |
200.000 |
|
Reserves & Surplus |
(78.047) |
(36.067) |
15.559 |
|
Net
worth |
121.953 |
163.933 |
215.559 |
|
|
|
|
|
|
long-term borrowings |
3.475 |
8.613 |
17.571 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
3.475 |
8.613 |
17.571 |
|
Debt/Equity
ratio |
0.028 |
0.053 |
0.082 |
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) |
|
Sales |
182.186 |
297.072 |
346.030 |
|
|
|
63.060 |
16.480 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
182.186 |
297.072 |
346.030 |
|
Profit |
0.173 |
41.980 |
51.626 |
|
|
0.09% |
14.13% |
14.92% |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
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 |
NOTE:
The registered address of the company has been shifted from 606, Raheja
Chambers, 6th Floor, 213, Nariman Point, Mumbai – 400021,
Maharashtra, India w.e.f 15.12.2009
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10342559 |
24/02/2012 |
40,000,000.00 |
THE SHAMRAO VITHAL COOP BANK LTD |
Jay Mangal Oil Complex, Near APMC -II Sector 19, |
B35157890 |
|
2 |
10006466 |
24/02/2012 * |
50,000,000.00 |
THE SHAMRAO VITHAL COOP BANK LTD |
JAY MANGAL OIL COMPLEX, NEAR APMC-II, SECTOR-19, PLOT NO. 48 & 49,
VASHI, Maharashtra - 400703, INDIA |
B35383132 |
|
3 |
90355269 |
25/01/2006 |
32,500,000.00 |
THE SHAMRAO VITHAL CO- OP. BANK LTD. |
VASHI, NAVI MUMBAI, Maharashtra, INDIA |
- |
|
4 |
90375418 |
31/08/1990 |
2,500,000.00 |
THE VYSYA BANK LTD. |
ABIDS ROAD, HYDERABAD, Andhra Pradesh, INDIA |
- |
* Date of charge modification
FIXED ASSETS
œ
Office building
œ
Plant and equipment
œ
Furniture and fixtures
œ
Vehicles
œ
Computer Equipments
œ
Office equipment
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.62.07 |
|
|
1 |
Rs.103.61 |
|
Euro |
1 |
Rs.85.03 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
31 |
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.