MIRA INFORM REPORT
|
Report Date : |
27.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
VSERV DIGITAL SERVICES PRIVATE LIMITED (w.e.f. 06.05.2010) |
|
|
|
|
Formerly Known
As : |
ITEXT SOLUTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
605, Eco House, Vishweshwar Nagar, Off. Aarey Road, Goregaon (East),
Mumbai – 400063, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
06.09.2007 |
|
|
|
|
Com. Reg. No.: |
11-173865 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.272 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200MH2007PTC173865 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMI09305C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCI2198A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in providing a platform that offers advertising
solutions for advertisers, developers, and publishers. |
|
|
|
|
No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. A profitability of the company is low. The rating take into consideration company’s improved operational
performance resulted into resulted into minimal profit archived from
operation during 2014 and decent liquidity position of the company. Trade relations are fair. Business is active. Payment terms are
reported to be slow but 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
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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 DECLINED BY
|
Name : |
Mr. Alekh |
|
Designation : |
Accounts Head |
|
Contact No.: |
91-22-29275746 |
|
Date : |
26.11.2014 |
LOCATIONS
|
Registered Office : |
605, Eco House, Vishweshwar Nagar, Off. Aarey Road, Goregaon (East),
Mumbai – 400063, Maharashtra, India |
|
Tel. No.: |
91-22-29275746/82 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office: |
G1, Vakratunda Corproate Park, Vishweshwar Nagar, Off Aarey Road,
Goregaon (East), Mumbai – 400063, Maharashtra, India |
|
Tel. No.: |
91-22-29275746/82/61236000 |
|
Fax No.: |
91-22-29275083 |
DIRECTORS
As on 24.09.2014
|
Name : |
Mr. Deepak Askaran Khurana |
|
Designation : |
Managing director |
|
Address : |
7 / 76, Piramal Nagar, S.V. Road. Goregaon (West), Mumbai – 400062,
Maharashtra, India |
|
Date of Birth/Age : |
10.01.1973 |
|
Date of Appointment : |
01.07.2010 |
|
DIN No. : |
02250969 |
|
|
|
|
Name : |
Mr. Ashay Vinayak Padwal |
|
Designation : |
Director |
|
Address : |
16 / 1, Dadachandji Building, St. Marry Road, Mazgaon, Mumbai –
400010, Maharashtra, India |
|
Date of Birth/Age : |
21.02.1977 |
|
Date of Appointment : |
22.02.2010 |
|
DIN No. : |
02402840 |
|
|
|
|
Name : |
Mr. Manik Arora |
|
Designation : |
Director |
|
Address : |
D6/14, Vasanth Vihar, New Delhi – 110057, India |
|
Date of Birth/Age : |
28.04.1974 |
|
Date of Appointment : |
09.06.2011 |
|
DIN No. : |
01368615 |
|
|
|
|
Name : |
Mr. Karan Mohla |
|
Designation : |
Director |
|
Address : |
E-12, Saket, New Delhi -11001, India |
|
Date of Birth/Age : |
17.07.1981 |
|
Date of Appointment : |
09.06.2011 |
|
DIN No. : |
03547441 |
KEY EXECUTIVES
|
Name : |
Mr. Alekh |
|
Designation : |
Accounts Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 24.09.2014
|
Names of Equity Shareholders |
|
No. of Shares |
|
Ashay Vinayak Padwal, India |
|
3333 |
|
Deepak Askaran Khurana, India |
|
6667 |
|
Ajay Adiseshann |
|
3158 |
|
Total |
|
13158 |
|
Names of Equity Shareholders |
No. of Shares
(Series A) |
No. of Shares
(Series B) |
|
IDG Ventures India I LLC, US |
105 |
-- |
|
IDG Ventures India I LLC, US |
-- |
14 |
|
Epiphany Overseas Ventures |
-- |
21 |
|
Total |
105 |
35 |
|
Names of Preference Shareholders |
No. of Shares
(Series A) |
No. of Shares
(Series B) |
|
IDG Ventures India I LLC, US |
10422 |
-- |
|
IDG Ventures India I LLC, US |
-- |
1390 |
|
Epiphany Overseas Ventures |
-- |
2084 |
|
Total |
10422 |
3474 |
Equity Share Break up (Percentage of Total Equity)
As on 24.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
1.05 |
|
Directors or relatives of Directors |
75.20 |
|
Other top fifty shareholders |
23.75 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in providing a platform that offers advertising
solutions for advertisers, developers, and publishers. |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
B S R and Company Chartered Accountants |
|
Address : |
Lodha Excelus, 1st Floor, Apollo Mills Compound, N.M. Joshi
Marg, Mahalakshmi, Mumbai – 400011, Maharashtra, India |
|
Tel. No.: |
91-22-39896000 |
|
Fax No.: |
91-22-30902511 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAIFB4734C
|
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiaries company: |
Vserv Digital Services Pte. Limited |
|
|
|
|
Control or significant influence over reporting enterprises: |
|
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
472068 |
Equity Shares |
Rs.10/- each |
Rs. 4.721 Millions |
|
10527 |
Equity Shares (Series A) |
Rs.10/- each |
Rs. 0.105 Millions |
|
10422 |
0.0001 % Compulsory Convertible Non – Cumulative Preference Shares |
Rs.10/- each |
Rs. 0.104 Millions |
|
3509 |
Equity Shares (Series B) |
Rs.10/- each |
Rs. 0.035 Millions |
|
3474 |
0.0001 % Compulsory Convertible Non – Cumulative Preference Shares |
Rs.10/- each |
Rs. 0.035 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 5.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13158 |
Equity Shares |
Rs.10/- each |
Rs. 0.132 Millions |
|
105 |
Equity Shares (Series A) |
Rs.10/- each |
Rs. 0.001 Millions |
|
10422 |
0.0001 % Compulsory Convertible Non – Cumulative Preference Shares |
Rs.10/- each |
Rs. 0.104 Millions |
|
35 |
Equity Shares (Series B) |
Rs.10/- each |
Rs. 0.00 Millions |
|
3474 |
0.0001 % Compulsory Convertible Non – Cumulative Preference Shares |
Rs.10/- each |
Rs. 0.035 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 0.272
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 |
0.272 |
0.272 |
0.197 |
|
(b) Reserves & Surplus |
314.111 |
314.093 |
65.297 |
|
(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) |
314.383 |
314.365 |
65.494 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.404 |
0.813 |
0.403 |
|
(d) long-term provisions |
8.385 |
4.458 |
0.000 |
|
Total
Non-current Liabilities (3) |
8.789 |
5.271 |
0.403 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
117.471 |
95.425 |
61.673 |
|
(c) Other current liabilities |
20.929 |
12.870 |
1.642 |
|
(d) Short-term provisions |
0.576 |
0.266 |
0.675 |
|
Total
Current Liabilities (4) |
138.976 |
108.561 |
63.990 |
|
|
|
|
|
|
TOTAL |
462.148 |
428.197 |
129.887 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
9.833 |
12.370 |
3.665 |
|
(ii) Intangible Assets |
2.230 |
0.808 |
0.256 |
|
(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 |
60.981 |
0.044 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
23.861 |
18.744 |
3.894 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
96.905 |
31.966 |
7.815 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
108.631 |
215.070 |
18.917 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
208.710 |
153.304 |
78.379 |
|
(d) Cash and cash equivalents |
34.504 |
23.156 |
20.781 |
|
(e) Short-term loans and
advances |
13.395 |
4.697 |
3.994 |
|
(f) Other current assets |
0.003 |
0.004 |
0.001 |
|
Total
Current Assets |
365.243 |
396.231 |
122.072 |
|
|
|
|
|
|
TOTAL |
462.148 |
428.197 |
129.887 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
609.325 |
579.080 |
169.702 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
1.035 |
(8.973) |
(13.112) |
|
|
|
|
|
|
|
Less |
TAX |
1.017 |
0.000 |
(0.004) |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
0.018 |
(8.973) |
(13.108) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
1.00 |
(676.70) |
(996.22) |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.26 |
(2.10) |
(10.09) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
(0.03) |
(0.20) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.63 |
3.65 |
1.91 |
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 |
0.197 |
0.272 |
0.272 |
|
Reserves & Surplus |
65.297 |
314.093 |
314.111 |
|
Net
worth |
65.494 |
314.365 |
314.383 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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 |
169.702 |
579.080 |
609.325 |
|
|
|
241.233 |
5.223 |
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 |
169.702 |
579.080 |
609.325 |
|
Profit |
(13.108) |
(8.973) |
0.018 |
|
|
(7.72%) |
(1.55%) |
0.00% |
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 |
No |
|
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 |
No |
|
20] |
Export / Import details (if
applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
No |
|
24] |
Banking facility details |
No |
|
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: NO CHARGES EXIST FOR COMPANY
NOTE:
The registered office of the company has been
shifted from 202, Sagar Avenue, Above ICICI Bank, S.V. Road, Andheri (West),
Mumbai – 400058, Maharashtra, India to the present address w.e.f. 05.08.2011
BACKGROUND:
Subject was incorporated on 6th
September 2007 under the companies Act, 1956 under the name Itext Solution
Private Limited. The name of the company was changed with effect from 6th
May 2010.
The company is a digital advertising and
technology company enabling advertisers to reach their audiences and publisher
to maximize, their revenues. The company promotes itself as a leading global
Mobil Ad network having premium inventory for ad displays on mobile
applications and mobile websites.
FIXED ASSETS
Tangible Assets
- Computers
- Furniture and Fixtures
- Office Equipment
- Leasehold Improvements
Intangible Assets
- 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.61.87 |
|
|
1 |
Rs.97.23 |
|
Euro |
1 |
Rs.77.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
3 |
|
--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 |
NO |
|
--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 |
|
42 |
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.