MIRA INFORM REPORT
|
Report Date : |
04.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
DATAVISION SOFTWARE SOLUTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Uchil Hights Jagdish Nagar, Raj Bhavan Road, Aundh, Pune-411007,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
27.10.1995 |
|
|
|
|
Com. Reg. No.: |
25-093960 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 24.792 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U92114MH1995PTC093960 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Providing Banking Software Solutions. |
|
|
|
|
No. of Employees
: |
120 (Approximately) |
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having satisfactory track record. The company possess an average financial profile marked by adequate
networth base, low gearing and sufficient debt protection metrics. Management has reported a marginal increase in its moderate revenue base
and net profitability during FY14, form its limited scale of operation. However, trade relations are seem to be fair. Business is active.
Payment terms are reported as usually correct. In view of vast experience of its promoters, long track record and
reputed banks as their clients, 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
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks over
coal supply contracts, uncertainty over cancellation of blocks weigh on stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy stake
in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Sangam Kamble |
|
Designation : |
Account Executive |
|
Contact No.: |
91-20-25690661 |
|
Date : |
04.11.2014 |
LOCATIONS
|
Registered Office/ Corporate headquarters : |
Uchil Hights Jagdish Nagar, Raj Bhavan Road, Aundh, Pune-411007,
Maharashtra, India |
|
Tel. No.: |
91-20-25690661 / 2 / 3 / 4 |
|
Fax No.: |
91-20-25690684 |
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E-Mail : |
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|
Website : |
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Branches : |
Located at
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DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Vishwanath Manjappa Uchil |
|
Designation : |
Director |
|
Address : |
Uchil Residency, Kumar Prerna Co-op Housing Society, Aundh,
Pune-411007, Maharashtra, India |
|
Date of Birth/Age : |
30.12.1948 |
|
Date of Appointment : |
27.10.1995 |
|
DIN No.: |
00360978 |
|
|
|
|
Name : |
Mr. Ameet Vishwanath Uchil |
|
Designation : |
Director |
|
Address : |
Uchil Residency, Kumar Prerna Co-op Housing Society, Aundh,
Pune-411007, Maharashtra, India |
|
Date of Birth/Age : |
10.02.1978 |
|
Date of Appointment : |
06.08.2008 |
|
DIN No.: |
02291416 |
KEY EXECUTIVES
|
Name : |
Mr. Sangam Kamble |
|
Designation : |
Account Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Vishwanath Uchil |
|
830360 |
|
Prakash Khanchandani |
|
395050 |
|
Ameet Uchil |
|
51198 |
|
Supriya Uchil |
|
112800 |
|
Jadhav Suresh |
|
30000 |
|
GIS Information Systems Private Limited, India |
|
959790 |
|
Karamchandani Pramod |
|
50000 |
|
Karamchandani Surendra |
|
50000 |
|
Ameet Uchil J/W Ramesh Mangawde |
|
1 |
|
Ameet Uchil J/W Hemanti Kulkarni |
|
1 |
|
Total |
|
2479200 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
38.71 |
|
Directors or relatives of Directors |
40.11 |
|
Other top fifty shareholders |
21.18 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Banking Software Solutions. |
|
|
|
|
Terms : |
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|
Selling : |
Cash / Advance Payment |
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Purchasing : |
Cash / Advance Payment |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers and End Users |
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No. of Employees : |
120 (Approximately) |
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Bankers : |
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Facilities : |
Overdraft: Rs. 2.200 Millions (From HDFC Bank Limited) Cash Credit: Rs. 7.000 Millions (From HDFC Bank Limited) (Rs.
In Millions)
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
S. S. Karachiwala and Company Chartered Accountants |
|
Address : |
Office 105, Nilkant Heights, A-1/384 Bhavani Peth, Pune-411042,
Maharashtra, India |
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Tel. No.: |
91-20-26443928 |
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E-Mail : |
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PAN No.: |
ACDPK7450M |
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|
Company in which KMP can exercise significant influence |
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CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs. 25.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2479200 |
Equity Shares |
Rs.10/- each |
Rs. 24.792
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
24.792 |
24.792 |
24.792 |
|
(b) Reserves & Surplus |
61.980 |
42.612 |
35.887 |
|
(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) |
86.772 |
67.404 |
60.679 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.756 |
3.256 |
8.598 |
|
(b) Deferred tax liabilities (Net) |
9.941 |
5.917 |
4.578 |
|
(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) |
10.697 |
9.173 |
13.176 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
6.689 |
8.221 |
16.735 |
|
(b) Trade
payables |
4.829 |
15.526 |
9.565 |
|
(c) Other current
liabilities |
36.148 |
87.150 |
11.337 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
47.666 |
110.897 |
37.637 |
|
|
|
|
|
|
TOTAL |
145.135 |
187.474 |
111.492 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
53.359 |
44.382 |
12.491 |
|
(ii)
Intangible Assets |
22.448 |
24.498 |
5.675 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
1.996 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
22.199 |
|
(b) Non-current Investments |
20.274 |
20.274 |
20.273 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
6.097 |
17.440 |
2.189 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
102.178 |
106.594 |
64.823 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
5.508 |
2.038 |
|
(c) Trade
receivables |
26.232 |
56.249 |
34.231 |
|
(d) Cash
and cash equivalents |
2.744 |
4.399 |
0.628 |
|
(e)
Short-term loans and advances |
13.981 |
14.724 |
7.306 |
|
(f) Other
current assets |
0.000 |
0.000 |
2.466 |
|
Total
Current Assets |
42.957 |
80.880 |
46.669 |
|
|
|
|
|
|
TOTAL |
145.135 |
187.474 |
111.492 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
203.573 |
197.945 |
|
|
|
|
Other Income |
0.264 |
0.139 |
|
|
|
|
TOTAL (A) |
203.837 |
198.084 |
93.598 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Software,Hardware & AMC
Cost |
44.409 |
77.722 |
|
|
|
|
Changes in Inventories |
5.508 |
(3.469) |
|
|
|
|
Employees benefits expense |
61.631 |
53.713 |
|
|
|
|
Other expenses |
47.026 |
49.654 |
|
|
|
|
TOTAL (B) |
158.574 |
177.619 |
83.281 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
45.263 |
20.464 |
10.317 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.908 |
3.387 |
3.516 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
43.355 |
17.077 |
6.801 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
14.294 |
7.014 |
4.374 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
29.061 |
10.063 |
2.427 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
9.562 |
3.339 |
0.750 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
19.499 |
6.724 |
1.677 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
2.670 |
1.625 |
3.192 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.87 |
2.71 |
0.68 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
9.58 |
3.40 |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
22.23 |
10.34 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
23.27 |
6.02 |
3.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33 |
0.15 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.09 |
0.17 |
0.42 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.90 |
0.73 |
1.24 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
24.792 |
24.792 |
24.792 |
|
Reserves & Surplus |
35.887 |
42.612 |
61.980 |
|
Net worth |
60.679 |
67.404 |
86.772 |
|
|
|
|
|
|
long-term borrowings |
8.598 |
3.256 |
0.756 |
|
Short term borrowings |
16.735 |
8.221 |
6.689 |
|
Total borrowings |
25.333 |
11.477 |
7.445 |
|
Debt/Equity ratio |
0.417 |
0.170 |
0.086 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
93.598 |
198.084 |
203.837 |
|
|
|
111.633 |
2.904 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
93.598 |
198.084 |
203.837 |
|
Profit |
1.677 |
6.724 |
19.499 |
|
|
1.79% |
3.39% |
9.57% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS: NOT AVAILABLE
|
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 |
No |
|
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) |
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 LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
Long-Term
Borrowings |
|
|
|
From other parties |
|
|
|
S.S. Jadhav |
0.000 |
2.500 |
|
D S K Digitall Technologies Private Limited |
0.756 |
0.756 |
|
Short-Term
Borrowings |
|
|
|
Loans repayable on
demand |
|
|
|
Ahmednagar District Central Co Op Bank Limited |
3.219 |
0.000 |
|
Loans and advances
from related parties |
|
|
|
Ameet Uchil |
0.152 |
2.296 |
|
V M Uchil |
0.000 |
0.020 |
|
Total |
4.127 |
5.572 |
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
v Tangible Assets
- Data Processing Equipments
- Furniture and fittings
- Vehicles
- Office Equipments
- Electrical Installations
- Software
v Intangible Assets
- Datamate Software
- Riskmate Software
AS PER WEBSITE
PRESS RELEASE
HOLISOL LOGISTICS
RAISES $1.5 MILLION IN FUNDING
MON, AUG 25 2014
Mumbai: Holisol Logistics Private Limited, a Delhi-based logistics service provider to online retailers, announced that it has raised $1.5 million from Sundeep Bhandari, director and chief executive officer of DataVision Software Solutions Private Limited, a software development and data processing company.
Rahul Dogar, co-founder of Holisol, said over phone that the money raised will be utilized to expand to new cities and business operations.
The company was founded in 2009 with a seed capital of Rs.1.500 Millions. It provides services to 15 clients, plans to add five more and is looking to touch a turnover of Rs.400.000 Millions by the end of this fiscal year. The logistics solutions the company provides include distribution, packaging, warehousing inventory management and customer delivery.
According to Dogar, the e-commerce logistics market in India is pegged at Rs.35000.000 – 40000.000 Millions. Start-ups competing with Holisol include Nexus Venture Partners-backed Delhivery.com, owned and operated by SSN Logistics Private Limited, and Lords Freight (India) Private Limited, a freight forwarding company.
Mahindra Logistics Limited acquired a majority stake in Lords this month, Mint reported on 19 August. Quickdel Logistics Private Limited, a Gurgaon-based firm, acquired the logistics arm of Jabong.com, the online fashion and lifestyle retailer, in 2013.
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.61.41 |
|
|
1 |
Rs.98.06 |
|
Euro |
1 |
Rs.76.67 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
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 |
YES |
|
--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.