MIRA
INFORM REPORT
|
Report Date : |
04.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
NGRT SYSTEMS PRIVATE LIMITED (w.e.f. 18.02.2011) |
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|
|
Formerly Known
As : |
NGRT SYSTEM PRIVATE LIMITED |
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Registered
Office : |
55, Dr. R.P. Banerjee Marg, Dhantoli, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
19.04.2010 |
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Com. Reg. No.: |
11-202174 |
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Capital
Investment / Paid-up Capital : |
Rs.15.273
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72300MH2010PTC202174 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NGPN02686F |
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|
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PAN No.: [Permanent Account No.] |
AADCN5311R |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is an Authorized Premium Reseller of Apple products and is
also engaged in the business of trading of computer devices, accessories etc. |
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|
|
No. of Employees
: |
Information declined by the Management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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. Even though the company was incorporated in 2010, it started its
business activity from April 2011. The company is gradually improving its performance marked by
significant increase in its sales volume during 2013, whereas, the position
of networth appears to be low. However, trade relations are fair. Business is active. Payment terms
are reported as slow but correct. The company can be considered for business dealings with slight 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 |
|
Rating |
“SE 2B” |
|
Rating Explanation |
High performance capability and moderate financial strength. |
|
Date |
October, 2013 |
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. Mahesh Dabi |
|
Designation : |
Account Manager |
|
Contact No.: |
91-712-2539951 |
|
Date : |
01.10.2014 |
LOCATIONS
|
Registered Office : |
55, Dr. R.P. Banerjee Marg, Dhantoli, Nagpur – 440012,
Maharashtra, India |
|
Tel. No.: |
91-712-2443351 / 2423082 |
|
Mobile No.: |
91-7709044238 (Mr. Mahesh) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Owned |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Shantanu Naresh Gadre |
|
Designation : |
Director |
|
Address : |
55, Dr. R.P. Banerjee Marg, Dhantoli, Nagpur – 440012,
Maharashtra, India |
|
Date of Birth/ Age : |
14.08.1973 |
|
Date of Appointment : |
19.04.2010 |
|
DIN No.: |
02930286 |
|
|
|
|
Name : |
Mrs. Pranoti Shantanu Gadre |
|
Designation : |
Director |
|
Address : |
55, Dr. R.P. Banerjee Marg, Dhantoli, Nagpur – 440012,
Maharashtra, India |
|
Date of Birth/ Age : |
30.01.1979 |
|
Date of Appointment : |
19.04.2010 |
|
DIN No.: |
02930304 |
KEY EXECUTIVES
|
Name : |
Mr. Mahesh Dabi |
|
Designation : |
Account Manager |
|
|
|
|
Name : |
Piyush Katariya and Associates |
|
Designation : |
Company Secretaries |
|
Address : |
SO‐31, Amar Jyoti Palace, Dhantoli, Nagpur ‐ 440012,
Maharashtra, India |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Shantanu Naresh Gadre |
74395 |
48.71 |
|
Pranoti Shantanu Gadre |
78330 |
51.29 |
|
Total
|
152725 |
100.00 |
AS ON 30.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is an Authorized Premium Reseller of Apple products and is
also engaged in the business of trading of computer devices, accessories etc. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the Management |
|||||||||||||||||||||||||||
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Bankers : |
· Bank of Maharashtra, Shankar Nagar Branch, South Ambazari Road, Nagpur – 440 010, Maharashtra, India ·
ICICI Bank Limited |
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Facilities : |
NOTES: LONG TERM
BORROWINGS a) Details of Long Term Loan from Bank of
Maharashtra is secured by wav of:- 1) Registered mortgage of leasehold premises, i.e. Shop No.2 on the Upper Ground Floor admeasuring 2900 Sq. ft. (approximately) in the building known as nexus point constructed on the Land bearing city survey No.1689, Sheet No.44, total land admeasuring 2500 Sq. Mtr, Civil Lines, situated at Mouza - Sitabuildi and District Nagpur. 2) Hypothecation of Furniture and Fixtures and other Fixed Assets acquired out of Bank Finance. b) Repayment The entire Term Loan is to be repaid within 84 months inclusive of 3 months moratorium. The moratorium of 3 months shall be allowed from the date of first disbursement. The loan shall be repaid in monthly installments of Rs.0.247 million plus interest extra as and when applied after initial moratorium period of 3 months is over. The interest during moratorium period will be recovered as and when applied. c) Terms and Conditions The credit facility is guaranteed by personal guarantee of following persons:- Name:- Shantanu N. Gadre (Director) Pranoti Gadre (Director) Pushpa N. Gadre (Guarantor) Details of Long
Term Vehicle Loans from Bank availed by company are stated as under: Vehicle Loans have been obtained From ICICI Bank and Bank of Maharashtra for purchase of Cars, against hypothecation of the respective vehicles. SHORT TERM
BORROWINGS a) The cash Credit Facility
from Bank of Maharashtra is secured by way of: 1) Hypothecation of Stock and book debts. 2) Additional| charge on Leasehold premises, i.e. Shop No.2 on the upper ground floor admeasuring 2900 sq ft b) Terms and
Conditions The credit facility is guaranteed by personal guarantee of following persons: Name: Shantanu N. Gadre (Director) Pranoti Gadre (Director) Pushpa N. Gadre (Guarantor) |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
K.K. Mankeshwar and Company Chartered Accountants |
|
Address : |
Kingsway, Nagpur – 440010, Maharashtra, India |
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Tel. No.: |
91-712-2554223/ 6629946/ 47 |
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Fax No.: |
91-712-6613404/ 6629948 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AABFK1156A |
CAPITAL STRUCTURE
AFTER 30.09.2013
Authorised Capital : Rs. 40.000 Millions
Issued, Subscribed & Paid-up Capital : Rs.
19.073 Millions
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Shares |
Rs.100/- each |
Rs. 40.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
152725 |
Equity Shares |
Rs.100/- each |
Rs. 15.273
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 |
15.273 |
13.473 |
0.100 |
|
(b) Reserves & Surplus |
5.928 |
2.816 |
0.000 |
|
(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) |
21.201 |
16.289 |
0.100 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
27.743 |
32.414 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.380 |
0.442 |
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) |
28.123 |
32.856 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
23.083 |
14.462 |
0.000 |
|
(b)
Trade payables |
20.976 |
13.508 |
0.000 |
|
(c)
Other current liabilities |
6.662 |
8.980 |
1.015 |
|
(d) Short-term
provisions |
1.482 |
0.884 |
0.000 |
|
Total Current
Liabilities (4) |
52.203 |
37.834 |
1.015 |
|
|
|
|
|
|
TOTAL |
101.527 |
86.979 |
1.115 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
39.137 |
36.270 |
0.000 |
|
(ii)
Intangible Assets |
0.106 |
0.130 |
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 |
2.729 |
1.759 |
0.000 |
|
(e) Other
Non-current assets |
0.981 |
1.143 |
0.000 |
|
Total Non-Current
Assets |
42.953 |
39.302 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
35.183 |
17.218 |
0.000 |
|
(c)
Trade receivables |
15.127 |
22.564 |
0.000 |
|
(d) Cash
and cash equivalents |
3.448 |
3.146 |
0.100 |
|
(e)
Short-term loans and advances |
4.816 |
4.749 |
1.015 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
58.574 |
47.677 |
1.115 |
|
|
|
|
|
|
TOTAL |
101.527 |
86.979 |
1.115 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operation |
342.830 |
159.922 |
0.000 |
|
|
|
Other Income |
0.056 |
0.054 |
0.000 |
|
|
|
TOTAL |
342.886 |
159.976 |
0.000 |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Office Expenses |
333.330 |
153.139 |
0.000 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
333.330 |
153.139 |
0.000 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX, DEPRECIATION AND AMORTISATION |
9.556 |
6.837 |
0.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.025 |
2.694 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
4.531 |
4.143 |
0.000 |
|
|
|
|
|
|
|
|
|
|
TAX |
1.419 |
0.884 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
3.112 |
2.816 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
23.57 |
20.90 |
0.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.91 |
1.76 |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.32 |
2.59 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.46 |
4.76 |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21 |
0.25 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.40 |
2.88 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.12 |
1.26 |
1.10 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
0.100 |
13.473 |
15.273 |
|
Reserves & Surplus |
0.000 |
2.816 |
5.928 |
|
Net
worth |
0.100 |
16.289 |
21.201 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
32.414 |
27.743 |
|
Short term borrowings |
0.000 |
14.462 |
23.083 |
|
Total
borrowings |
0.000 |
46.876 |
50.826 |
|
Debt/Equity
ratio |
0.000 |
2.878 |
2.397 |
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) |
|
Sales |
0.000 |
159.922 |
342.830 |
|
|
|
|
114.373 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
0.000 |
159.922 |
342.830 |
|
Profit |
0.000 |
2.816 |
3.112 |
|
|
|
1.76% |
0.91% |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF CURRENT MATURITIES OF LONG TERM
DEBT:
|
Particulars |
31.03.2013 (Rs. in millions) |
31.03.2012 (Rs. in millions) |
31.03.2011 (Rs. in millions) |
|
|
|
|
|
|
Current
Maturities of Long Term Debt |
4.278 |
4.170 |
0.000 |
|
|
|
|
|
|
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 |
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 |
Yes |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10282538 |
17/08/2013 * |
59,000,000.00 |
BANK OF MAHARASHTRA |
SHANKAR NAGAR
BRANCH, SOUTH AMBAZARI ROAD, NAGPUR, MAHARASHTRA - 440010, INDIA |
B85331627 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2013 (Rs. in Millions) |
31.03.2012 (Rs. in Millions) |
|
LONG TERM BORROWINGS |
|
|
|
Loan and Advance |
3.050 |
6.300 |
|
Loan from Directors |
9.841 |
6.841 |
|
Total |
12.891 |
13.141 |
NATURE OF BUSINESS
The company is an Authorized
Premium Reseller of Apple products and is also engaged in the business of
trading of computer devices, accessories etc.
CONTINGENT LIABILITY (AS ON 31.03.2013):
Amount of Bank
Guarantee outstanding, is Rs.0.520 Million (In the previous year, it was Rs.
0.500 Million.)
FIXED ASSETS
Tangible Assets
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Computers
Intangible Assets
· Softwares
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.61.75 |
|
|
1 |
Rs.100.07 |
|
Euro |
1 |
Rs.77.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.