MIRA INFORM REPORT
|
Report Date : |
11.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
MICRO HARD IT SOLUTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Lower Ground,
LG-1/2, Fountain Plaza, Near Fuwara, Navsari – 396445, Gujarat |
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|
|
Country : |
India |
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|
Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
16.03.2010 |
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|
|
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Com. Reg. No.: |
04-059891 |
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|
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Capital
Investment / Paid-up Capital : |
Rs. 0.300
Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U72900GJ2010PTC059891 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SRTM05459G |
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|
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PAN No.: [Permanent Account No.] |
AAGCM4155P |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of Computer and Computer Peripherals and also Provide
Networking Solutions. |
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|
|
|
No. of Employees
: |
25 (Approximately) |
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 |
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow But Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a company with limited operational history moderate track. The company possesses a moderate financial profile marked by small net
worth base along with working capital requirements owing to moderate
realization cycle, high inventory resulting in accrued payables. Management has witnessed an increase in its average sales volume as
well as has maintained its net profitability from its modest scale of
operations during FY 14. The ratings also takes into consideration, the low profit margin as a
result of limited value adding nature of the business. However, trade relations seem to be fair. Business is active. Payment
terms are reported as slow but correct. The company can be considered for business dealings with some caution. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL SME |
|
Rating |
SE2B |
|
Rating Explanation |
Moderate financial strength and high performance capability |
|
Date |
October, 2012 |
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. Vishnubhai Patel |
|
Designation : |
Director |
|
Contact No.: |
91-9824751654 |
|
Date : |
11.11.2014 |
LOCATIONS
|
Registered Office/ Showroom : |
Lower Ground,
LG-1/2, Fountain Plaza, Near Fuwara, Navsari – 396445, Gujarat, India |
|
Tel. No.: |
91-2637-232160 |
|
Mobile No.: |
91-9824751654 (Mr. Vishnu Bhai) |
|
Fax No.: |
Not Available |
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E-Mail : |
|
|
Website : |
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|
Area : |
1000 Sq. ft |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
320, Golden Point, Near BSNL Bhavan, Falsawadi, Ring Road,
Surat - 395002, Gujarat, India |
|
Tel. No.: |
91-261-2455280 |
|
Area : |
1000 Sq. ft |
|
Location : |
Owned |
DIRECTORS
As on: 30.09.2014
|
Name : |
Mr. Bhaveshbhai Goverdhan Rathore |
|
Designation : |
Managing director |
|
Address : |
12-13 Chandan Park, At Po Kabilpore, Navsari – 396424, Gujarat, India |
|
Date of Birth/Age : |
24.08.1972 |
|
Date of Appointment : |
16.03.2010 |
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DIN No.: |
02933722 |
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|
|
|
Name : |
Mr. Vishnubhai Becharbhai Patel |
|
Designation : |
Managing director |
|
Address : |
15, Budhna Building, Mankodia Ashapuri Road, Navsari – 396445, Gujarat, India |
|
Date of Birth/Age : |
30.03.1965 |
|
Date of Appointment : |
16.03.2010 |
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DIN No.: |
02933729 |
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|
|
|
Name : |
Mrs. Madhubahen Vishnubhai Patel |
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Designation : |
Whole-time director |
|
Address : |
15, Budhna Building, Mankodia Ashapuri Road, Navsari – 396445, Gujarat, India |
|
Date of Birth/Age : |
17.12.1962 |
|
Date of Appointment : |
16.03.2010 |
|
DIN No.: |
02933745 |
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|
|
|
Name : |
Mrs. Rohini Bhavesh Rathore |
|
Designation : |
Whole-time director |
|
Address : |
12-13 Chandan Park, At Po Kabilpore, Navsari – 396424, Gujarat, India |
|
Date of Birth/Age : |
18.06.1978 |
|
Date of Appointment : |
16.03.2010 |
|
DIN No.: |
02933755 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Bhaveshbhai Goverdhan Rathore |
14000 |
46.67 |
|
Vishnubhai Becharbhai Patel |
6000 |
20.00 |
|
Madhubahen Vishnubhai Patel |
3000 |
10.00 |
|
Rohini Bhavesh Rathore |
7000 |
23.33 |
|
|
|
|
|
Total |
30000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2014
|
Category |
|
Percentage |
|
|
|
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Directors or relatives of directors |
|
100.00 |
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|
|
|
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Computer and Computer Peripherals and also Provide
Networking Solutions. |
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Agencies Held : |
· Lenovo · Sony World · Dell |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Suppliers : |
K. Girdarlal and Company, Surat |
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Customers : |
L and T, Surat |
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No. of Employees : |
25 (Approximately) |
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Bankers : |
· Corporation Bank Paradise Tower, Opposite Civil Hospital, Station Road, Navsari - 396445, Gujarat, India Cash Credit: Rs. 5.000 Millions Contact person: Mr. Reddy (Manager) Contact No.: 91-2637-241783 Bankers Report:
Banker gave us by Mr. Reddy, the subject excellent track record for banking
transaction. |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Dinesh Vasani and Associates Chartered Accountants |
|
Address : |
103, Hare Krishna Complex, Above IDBI Bank, Near Vasant
Talkies, Navsari – 396445, Gujarat, India |
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Tel. No.: |
91-2637-248744/ 45 |
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Fax No.: |
91-2637-248744/ 45 |
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E-Mail : |
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PAN No.: |
AAGPV7332L |
CAPITAL STRUCTURE
As on: 31.03.2014
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.10/- each |
Rs. 2.000 Millions |
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|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000 |
Equity Shares |
Rs.10/- each |
Rs. 0.300
Million |
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|
|
|
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 |
0.300 |
0.300 |
0.300 |
|
(b) Reserves & Surplus |
8.931 |
6.379 |
3.920 |
|
(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) |
9.231 |
6.679 |
4.220 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
7.671 |
5.816 |
0.461 |
|
(b) Deferred tax liabilities (Net) |
0.198 |
0.121 |
0.059 |
|
(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) |
7.869 |
5.937 |
0.520 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
(5.146) |
2.002 |
(0.839) |
|
(b) Trade
payables |
37.720 |
14.695 |
17.804 |
|
(c) Other
current liabilities |
1.251 |
0.944 |
0.337 |
|
(d) Short-term
provisions |
1.065 |
1.038 |
1.646 |
|
Total Current
Liabilities (4) |
34.890 |
18.679 |
18.948 |
|
|
|
|
|
|
TOTAL |
51.990 |
31.295 |
23.688 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
11.414 |
7.342 |
1.479 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax
assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.770 |
0.103 |
1.259 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
12.184 |
7.445 |
2.738 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
14.330 |
7.612 |
7.189 |
|
(c) Trade
receivables |
18.677 |
12.023 |
11.899 |
|
(d) Cash
and cash equivalents |
3.574 |
2.319 |
1.571 |
|
(e)
Short-term loans and advances |
3.215 |
1.874 |
0.258 |
|
(f) Other
current assets |
0.010 |
0.022 |
0.033 |
|
Total
Current Assets |
39.806 |
23.850 |
20.950 |
|
|
|
|
|
|
TOTAL |
51.990 |
31.295 |
23.688 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
246.270 |
152.692 |
149.813 |
|
|
|
Other Income |
11.916 |
8.934 |
6.289 |
|
|
|
TOTAL |
258.186 |
161.626 |
156.102 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
254.190 |
157.864 |
150.458 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
3.996 |
3.762 |
5.644 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
0.302 |
0.204 |
0.126 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
3.694 |
3.558 |
5.518 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.143 |
1.099 |
1.705 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2.551 |
2.459 |
3.813 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
6.379 |
3.920 |
0.107 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
8.930 |
6.379 |
3.920 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
85.03 |
81.97 |
127.100 |
|
Expected Sales (2014-2015): Rs. 300.000 Millions
The above information has been parted by Mr. Vishnubhai Patel.
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.04 |
1.61 |
2.55 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.11 |
11.37 |
23.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.40 |
0.53 |
1.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.27 |
1.17 |
(0.09) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.14 |
1.28 |
1.11 |
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 |
0.300 |
0.300 |
0.300 |
|
Reserves & Surplus |
3.920 |
6.379 |
8.931 |
|
Net worth |
4.220 |
6.679 |
9.231 |
|
|
|
|
|
|
long-term borrowings |
0.461 |
5.816 |
7.671 |
|
Short term borrowings |
(0.839) |
2.002 |
(5.146) |
|
Total borrowings |
(0.378) |
7.818 |
2.525 |
|
Debt/Equity ratio |
(0.090) |
1.171 |
0.274 |
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) |
|
Sales |
149.813 |
152.692 |
246.270 |
|
|
|
1.922 |
61.285 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
149.813 |
152.692 |
246.270 |
|
Profit |
3.813 |
2.459 |
2.551 |
|
|
2.55% |
1.61% |
1.04% |
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
Yes |
|
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 |
UNSECURED LOAN
|
Particulars |
As on 31.03.2014 |
As on 31.03.2013 |
|
|
(Rs. In Millions) |
|
|
LONG TERM
BORROWINGS: |
|
|
|
Bhavesh G. Rathod |
1.400 |
1.400 |
|
Vishnu B. Patel |
0.600 |
0.600 |
|
Total |
2.000 |
2.000 |
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10423569 |
08/04/2013 |
3,420,000.00 |
CORPORATION BANK |
PARADISE TOWER, OPP. CIVIL HOSPITAL,, STATION ROAD,, NAVSARI, GUJARAT - 396445, INDIA |
B74361544 |
|
2 |
10270358 |
28/01/2011 |
5,000,000.00 |
CORPORATION BANK |
NAVSARI BRANCH, NAVSARI, GUJARAT - 396445, INDIA |
B07107725 |
PERFORMANCE &
FUTURE OUTLOOK:
During the year, revenue of the company has increased to Rs. 246.270 Millions as compared to previous year revenue of Rs.152.692 Millions. Also, the net profit after tax has been increased to Rs. 2.551 Millions during the year. The Management is emphasizing on efficient management, providing better quality product, customer satisfaction, strong outlook and dedication to work that have resulted into improved performance of the company. The directors are making efforts to further improve the performance and confident that company will post better results in coming years.
FIXED ASSETS:
· Mobile Phone
· Air Conditioner
· Office Equipments
· Office Building
· Furniture and Fixture
· Vehicles
· Computer and Printer
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 judgment 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 records 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.61.45 |
|
|
1 |
Rs.97.76 |
|
Euro |
1 |
Rs.76.68 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
JAY |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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.