MIRA INFORM REPORT
|
Report Date : |
14.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
SWAN SOLUTIONS AND SERVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
403-406, 4th Floor, Twin Complex, Phase – I, Marol, Maroshi
Road, Opposite, Marol Fire Brigade, Andheri, (East), Mumbai – 400059,
Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
26.05.1995 |
|
|
|
|
Com. Reg. No.: |
11-088807 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.300 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32200MH1995PTC088807 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS21029B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCS4048N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing Information Technology Solutions |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
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 |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. The rating takes into consideration company’s sound financial risk
profile and fair profitability levels of the company. 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
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 willfully 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. Vishwas More |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-67718011 |
|
Date : |
13.11.2014 |
LOCATIONS
|
Registered/ Head Office : |
403-406, 4th Floor, Twin Complex, Phase – I, Marol, Maroshi
Road, Opposite, Marol Fire Brigade, Andheri, (East), Mumbai – 400059,
Maharashtra, India |
|
Tel. No.: |
91-22-67718011/ 67718000/ 23441352 / 67718031 |
|
Fax No.: |
91-22-67718080/ 23438552 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1300 Sq. ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Support Centre Office : |
11, Currimjee Building, 19 M N Koli Marg, Bhandari Street, Masjid,
Mumbai-400003, Maharashtra, India |
|
Tel No.: |
91-22-61127000 / 7020 |
|
Fax No.: |
91-22-61127070 |
|
Email : |
|
|
Location : |
Rented |
|
|
|
|
Dubai Office : |
PO Box 111248, Dubai – United Arab Emirates |
|
Tel No.: |
+9714 359 3570 |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Nazmuddin Abidali Sutarwala |
|
Designation : |
Director |
|
Address : |
332/2, 1st Floor,
Honda Mansion, Sir J. J. Road, Byculla (West), Mumbai – 400008, Maharashtra,
India |
|
Date of Birth/Age : |
02.09.1965 |
|
Date of Appointment : |
19.06.1995 |
|
DIN No.: |
00351694 |
|
|
|
|
Name : |
Mr. Murtuza Abidali Sutarwala |
|
Designation : |
Director |
|
Address : |
332/2, 1st Floor,
Honda Mansion, Sir J. J. Road, Byculla (West), Mumbai – 400008, Maharashtra,
India |
|
Date of Birth/Age : |
10.08.1974 |
|
Date of Appointment : |
19.06.1995 |
|
DIN No.: |
00351710 |
|
|
|
|
Name : |
Mr. Mohammed Abidali Sutarwala |
|
Designation : |
Director |
|
Address : |
332/2, 1st Floor,
Honda Mansion, Sir J. J. Road, Byculla (West), Mumbai – 400008, Maharashtra,
India |
|
Date of Birth/Age : |
14.01.1963 |
|
Date of Appointment : |
19.06.1995 |
|
DIN No.: |
00351718 |
|
|
|
|
Name : |
Mrs. Kamal Hiralal Sejpal |
|
Designation : |
Director |
|
Address : |
Flat No.103, Tower 2B, Siddhachal Phase VI, Thane (West), Mumbai – 400607,
Maharashtra, India |
|
Date of Birth/Age : |
21.03.1972 |
|
Date of Appointment : |
01.04.2008 |
|
DIN No.: |
02275467 |
KEY EXECUTIVES
|
Name : |
Mr. Vishwas More |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Mohammed Abidali Sutarwala |
2400 |
80.00 |
|
Nazmuddin Abidali Sutarwala |
300 |
10.00 |
|
Murtuza Abidali Sutarwala |
300 |
10.00 |
|
|
|
|
|
Total |
3000 |
100.00 |
AS ON 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Information Technology Solutions |
|
|
|
|
Exports : |
-- |
|
|
|
|
Imports : |
-- |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Advance Payment |
|
|
|
|
Purchasing : |
Cash and Advance Payment |
GENERAL INFORMATION
|
Suppliers : |
-- |
|
|
|
|
Customers : |
-- |
|
|
|
|
No. of Employees : |
100 (Approximately) |
|
|
|
|
Bankers : |
·
Axis Bank Limited
Andheri East Branch, Marol Maroshi Road, Near Fire Brigade, Andheri (East),
Mumbai-400059, Maharashtra, India ·
Kotak Mahindra Bank Limited Nariman Point, Mumbai, Maharashtra, India ·
UCO Bank Marol Branch, Andheri, Mumbai, Maharashtra, India Contact Person: Mr. Sawant Contact No.: 91-22-29204714 [Continuous Ringing] |
|
|
|
|
Facilities : |
Cash Credit = Rs. 16.000 Millions |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Lakhani and Company Chartered Accountants |
|
Address : |
Hemsharasaka, 19, Gola Lane, Behind Badri Mahal, Fort, Mumbai – 400001,
Maharashtra, India |
|
PAN No.: |
AAAFL1302L |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000 |
Equity Shares |
Rs.100/- each |
Rs.0.300 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
0.300 |
0.300 |
0.300 |
|
(b) Reserves & Surplus |
35.639 |
29.949 |
23.321 |
|
(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) |
35.939 |
30.249 |
23.621 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.426 |
0.392 |
0.310 |
|
(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) |
0.426 |
0.392 |
0.310 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.022 |
0.000 |
0.000 |
|
(b)
Trade payables |
74.970 |
48.277 |
54.691 |
|
(c)
Other current liabilities |
7.418 |
13.796 |
18.695 |
|
(d)
Short-term provisions |
0.000 |
0.000 |
0.113 |
|
Total
Current Liabilities (4) |
82.410 |
62.073 |
73.499 |
|
|
|
|
|
|
TOTAL |
118.775 |
92.714 |
97.430 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
6.973 |
7.280 |
7.809 |
|
(ii)
Intangible Assets |
0.049 |
0.075 |
0.070 |
|
(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 |
7.602 |
5.197 |
3.960 |
|
(e)
Other Non-current assets |
2.343 |
0.444 |
1.442 |
|
Total
Non-Current Assets |
16.967 |
12.996 |
13.281 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
3.429 |
5.850 |
3.941 |
|
(c)
Trade receivables |
75.149 |
54.864 |
69.156 |
|
(d)
Cash and cash equivalents |
21.905 |
18.206 |
10.455 |
|
(e)
Short-term loans and advances |
0.341 |
0.437 |
0.561 |
|
(f)
Other current assets |
0.984 |
0.361 |
0.036 |
|
Total
Current Assets |
101.808 |
79.718 |
84.149 |
|
|
|
|
|
|
TOTAL |
118.775 |
92.714 |
97.430 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
TOTAL TURNOVER |
|
542.300 |
341.100 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
|
5.689 |
6.628 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
1896.54 |
2209.34 |
|
|
PARTICULARS |
|
|
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
|
|
526.121 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
|
|
513.581 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
|
|
12.540 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
3.863 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
|
|
8.677 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
2892.27 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
540.000 |
|
|
|
|
|
The above information has been parted by Mr. Vishwas More (Finance
Manager)
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
NA |
12.87 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
NA |
0.53 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.24 |
1.28 |
1.14 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
0.300 |
0.300 |
0.300 |
|
Reserves & Surplus |
23.321 |
29.949 |
35.639 |
|
Net
worth |
23.621 |
30.249 |
35.939 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.022 |
|
Total
borrowings |
0.000 |
0.000 |
0.022 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.001 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Total Income |
526.121 |
341.100 |
542.300 |
|
|
|
(35.167) |
58.986 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Total Income |
526.121 |
341.100 |
542.300 |
|
Profit |
8.677 |
6.628 |
568.900 |
|
|
1.65% |
1.94% |
104.91% |
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10523414 |
30/09/2014 |
44,800,000.00 |
STANDARD CHARTERED BANK |
1ST FLOOR, 270 D N ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
C24870834 |
|
2 |
10258666 |
12/09/2012 * |
51,000,000.00 |
UCO BANK |
ANDHERI EAST
(1550), BRANCH, MAROL MAROSHI ROAD,, |
B60972148 |
* Date of charge modification
CURRENT MATURITIES
OF LONG TERM DEBT: NOT AVAILABLE
UNSECURED LOANS
|
PARTICULARS |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
SHORT TERM BORROWINGS |
|
|
|
From Banks |
0.022 |
0.000 |
|
|
|
|
|
Total |
0.022 |
0.000 |
CHANGE OF ADDRESS
The Registered office has been shifted from 11 Currimji Building, 19, M
N Koli Marg, Mumbai - 400003, Maharashtra, India to the present address
w.e.f.16.08.2006.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
|
|
|
|
Contingent liabilities not provided for: |
|
|
|
Bank Guarantee |
2.906 |
0.256 |
FIXED ASSETS
·
Computers
·
Office Equipment
·
Furniture and Fixture
·
Motor Car
·
Building
·
Software
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. 61.56 |
|
|
1 |
Rs. 97.10 |
|
Euro |
1 |
Rs. 76.61 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
44 |
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.