MIRA INFORM REPORT
|
Report Date : |
11.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
VARDHAMAN TECHNOLOGY PRIVATE LIMITED |
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|
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Registered
Office : |
Unit No.002, Raheja
Plaza-1, L.B.S. Marg, Ghatkopar (West), Mumbai – 400 086, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
30.03.2007 |
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Com. Reg. No.: |
11-169415 |
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Capital Investment
/ Paid-up Capital : |
Rs.3.000
Millions |
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|
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CIN No.: [Company Identification
No.] |
U72200MH2007PTC169415 |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Computer Systems and Accessories. |
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No. of Employees
: |
50 (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 |
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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. The rating reflects moderate financial risk profile marked by thin
profit and increased in the borrowing of the company 2013. However, trade relations are reported as fair. Business is active.
Payments terms are reported to be 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.
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
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Amit Devchand Rambhia |
|
Designation : |
Director |
|
Contact No.: |
91-9322268875 |
|
Date : |
09.10.2014 |
LOCATIONS
|
Registered Office/ Head Office : |
Unit No.002, Raheja
Plaza-1, L.B.S. Marg, Ghatkopar (West), Mumbai – 400 086, Maharashtra |
|
Tel. No.: |
91-22-25007002/ 25007502 |
|
Mobile No.: |
91-9322271321 (Mr. Nikit Rambhia) 91-9322268875 (Mr. Amit Devchand Rambhia) |
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Fax No.: |
91-22-25007502 |
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E-Mail : |
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Website : |
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Area : |
2000 sq. ft. |
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Location : |
Owned |
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Factory 1: |
F-6, 1st Floor, Avis Udyog Bhavan, Ringan Wada, Dhabel
Village, Daman – 396 210, Union
Territory, India |
|
Area : |
4000 sq. ft. |
|
Location : |
Leased |
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|
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Factory 2: |
Survey No.485/C, Futardo Compound, Near Dabhel Check Post, Dabhel, Daman – 396 210, Union Territory, India |
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Area : |
8000 sq. ft. |
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Location : |
Leased |
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Warehouse : |
F N D Logistics
Private Limited Stoneage Complex, Mumbai-Nashik Bypass Road, Mankoli Naka, Behind
Volvo Godown, Vehala Bhatla Road, Bhiwandi, Thane – 421 302, Maharashtra,
India |
DIRECTORS
AS ON 27.09.2013
|
Name : |
Mr. Nikit Devchand Rambhia |
|
Designation : |
Director |
|
Address : |
3B-134, Kalpatru Aura, L.B.S. Marg, Ghatkopar (West), Mumbai – 400
086, Maharashtra, India |
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Date of Birth/Age : |
09.10.1978 |
|
Qualification : |
MBA |
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Date of Appointment : |
30.03.2007 |
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PAN No.: |
ABSPR2429M |
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DIN No.: |
00165678 |
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|
|
|
Name : |
Mr. Amit Devchand Rambhia |
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Designation : |
Director |
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Address : |
2B-113, Kalpatru Aura, L.B.S. Marg, Ghatkopar (West), Mumbai – 400
086, Maharashtra, India |
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Date of Birth/Age : |
23.09.1974 |
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Qualification : |
BE in Computers |
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Date of Appointment : |
30.03.2007 |
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DIN No.: |
00165919 |
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|
|
|
Name : |
Mr. Devchand Lalji Rambhia |
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Designation : |
Director |
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Address : |
3B-134, Kalpatru Aura, L.B.S. Marg, Ghatkopar (West), Mumbai – 400
086, Maharashtra, India |
|
Date of Birth/Age : |
16.01.1948 |
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Qualification : |
Mechanical Engineering |
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Date of Appointment : |
30.03.2007 |
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PAN No.: |
AABPR0812N |
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DIN No.: |
00165851 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Amit Devchand Rambhia |
|
100000 |
|
Nikit Devchand Rambhia |
|
100000 |
|
Devchand Lalji Rambhia |
|
99990 |
|
Deepa A. Rambhia jointly held with Deepa P. Rambhia |
|
1 |
|
Deepa A. Rambhia jointly held with Hareshkumar Hansraj and Company,
India |
|
1 |
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Deepa A. Rambhia jointly held with Jacky Savla |
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1 |
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Deepa A. Rambhia jointly held with Jitendra R. Nagda |
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1 |
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Deepa A. Rambhia jointly held with Khushbu Jacky Savla |
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1 |
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Kavita N. Rambhia jointly held with Lalaji Hirji and Sons, India |
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1 |
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Kavita N. Rambhia jointly held with Manilal K. Savla |
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1 |
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Kavita N. Rambhia jointly held with Manilal K. Savla (HUF) |
|
1 |
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Kavita N. Rambhia jointly held with Raja Trading Company, India |
|
1 |
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Kavita N. Rambhia jointly held with Visanji Gangji Gala |
|
1 |
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Total
|
|
300000 |
AS ON 27.09.2013
|
Equity Share Breakup (Category) |
Percentage of Holding |
|
Directors
or relatives of directors |
99.00 |
|
Other
top fifty shareholders |
1.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Computer Systems and Accessories. |
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Products : |
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Exports : |
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Products : |
IT Products |
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Countries : |
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Imports : |
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Products : |
IT Products |
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Countries : |
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Terms : |
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Selling : |
Credit and Advance Payment |
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Purchasing : |
Credit and Advance Payment |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers and Retailers
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No. of Employees : |
50 (Approximately) |
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Bankers : |
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Facilities : |
Fund Based: Rs.35.000 millions and Non-Fund Based: Rs.35.000 millions
(From Canara Bank) |
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Banking Relations
: |
-- |
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Auditors : |
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|
Name : |
Jain Salia and Associates Chartered Accountants |
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Address : |
4 and 8, Pawawala Building, 44, Elphinstone Road, Near Laxmi Nivas,
Elphinstone (West), Mumbai – 400 013, Maharashtra, India |
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Tel. No.: |
91-22-24334447 / 24362369 |
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Mobile No.: |
91-9664126404 |
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E-Mail : |
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PAN No.: |
AAJPS4216M |
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Associate Company : |
ICT Infratech Services Private Limited (Panache Infotech Private
Limited) |
CAPITAL STRUCTURE
AS ON 27.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
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|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.10/- each |
Rs.3.000
Millions |
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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 |
3.000 |
3.000 |
3.000 |
|
(b) Reserves & Surplus |
14.316 |
11.198 |
9.275 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
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(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
17.316 |
14.198 |
12.275 |
|
|
|
|
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|
(3) Non-Current
Liabilities |
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|
|
|
(a) Long-term borrowings |
33.107 |
28.581 |
10.720 |
|
(b) Deferred tax liabilities (Net) |
0.636 |
0.573 |
0.397 |
|
(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) |
33.743 |
29.154 |
11.117 |
|
|
|
|
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|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
48.446 |
32.596 |
30.483 |
|
(b) Trade payables |
55.161 |
52.820 |
25.163 |
|
(c) Other current
liabilities |
10.548 |
10.929 |
2.094 |
|
(d) Short-term
provisions |
2.784 |
0.326 |
1.689 |
|
Total Current
Liabilities (4) |
116.939 |
96.671 |
59.429 |
|
|
|
|
|
|
TOTAL |
167.998 |
140.023 |
82.821 |
|
|
|
|
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|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
9.531 |
10.618 |
6.903 |
|
(ii) Intangible Assets |
0.122 |
0.099 |
0.115 |
|
(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 |
0.664 |
0.025 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
1.645 |
2.709 |
1.390 |
|
Total Non-Current
Assets |
11.298 |
14.090 |
8.433 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
7.931 |
4.077 |
2.382 |
|
(b) Inventories |
83.639 |
66.522 |
29.470 |
|
(c) Trade receivables |
59.645 |
52.974 |
37.883 |
|
(d) Cash and cash
equivalents |
1.388 |
0.671 |
3.268 |
|
(e) Short-term loans
and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current
assets |
4.097 |
1.689 |
1.385 |
|
Total Current Assets |
156.700 |
125.933 |
74.388 |
|
|
|
|
|
|
TOTAL |
167.998 |
140.023 |
82.821 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
262.551 |
251.748 |
173.428 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
262.551 |
251.748 |
173.428 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
||
|
|
|
Cost of Purchases and Total Expenditure |
247.797 |
240.718 |
164.924 |
|
|
|
TOTAL |
247.797 |
240.718 |
164.924 |
|
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
14.754 |
11.030 |
8.504 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES, DEPRECIATION/ AMORTISATION |
9.716 |
8.227 |
0.406 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
EXCEPTIONAL ITEM, EXTRAORDINARY ITEM & TAX |
5.038 |
2.803 |
8.098 |
|
|
|
|
|
|
|
|
|
Less |
EXTRAORDINARY
ITEM |
0.313 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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|
|
PROFIT/ (LOSS)
BEFORE TAX |
4.725 |
2.803 |
8.098 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.608 |
0.880 |
2.626 |
|
|
|
|
|
|
|
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|
|
PROFIT/ (LOSS)
AFTER TAX |
3.117 |
1.923 |
5.472 |
|
|
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|
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|
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|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
11.198 |
9.275 |
3.803 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
14.315 |
11.198 |
9.275 |
|
|
|
|
|
|
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|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
For Goods |
26.109 |
17.225 |
0.269 |
|
|
|
For Services |
0.000 |
1.349 |
0.000 |
|
|
TOTAL EARNINGS |
26.109 |
18.574 |
0.269 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
10.39 |
6.41 |
18.24 |
|
|
Particulars |
|
|
31.03.2014 |
|
|
|
|
|
|
Sales Turnover (Approximately) |
|
|
280.000 |
|
|
|
|
|
The above information has been parted by Mr. Amit Rambhia
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.19
|
0.76
|
3.16 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.81
|
2.01
|
9.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27
|
0.20
|
0.66 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
4.71
|
4.31
|
3.36 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34
|
1.30
|
1.25 |
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 |
3.000 |
3.000 |
3.000 |
|
Reserves & Surplus |
9.275 |
11.198 |
14.316 |
|
Net worth |
12.275 |
14.198 |
17.316 |
|
|
|
|
|
|
long-term borrowings |
10.720 |
28.581 |
33.107 |
|
Short term borrowings |
30.483 |
32.596 |
48.446 |
|
Total borrowings |
41.203 |
61.177 |
81.553 |
|
Debt/Equity ratio |
3.357 |
4.309 |
4.710 |
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 |
173.428 |
262.551 |
262.551 |
|
|
|
51.389 |
0.000 |
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 |
173.428 |
262.551 |
262.551 |
|
Profit |
5.472 |
1.923 |
3.117 |
|
|
3.16% |
0.73% |
1.19% |
LOCAL AGENCY FURTHER INFORMATION
Details of Current Maturities of Long Term
Debt: 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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
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 |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
NOTE
The registered office of the company has been shifted from 105, Jhalawar, Patanwala Compound, L.B.S. Marg, Ghatkopar (West), Mumbai - 400 086, Maharashtra to the present address w.e.f. 25.06.2013.
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10447991 |
17/08/2013 |
12,500,000.00 |
CANARA BANK |
H.O AT 112,
JAYAMARAJENDRA , BANGLORE-560002, BRANCH AT R.D. SHAH BUILDING , GHATKOPAR [WEST],
MUMBAI, |
B84538990 |
|
2 |
10368573 |
13/06/2012 |
25,000,000.00 |
CANARA BANK |
H.O AT 112,
JAYAMARAJENDRA , BANGLORE-560002, BRANCH AT R.D. SHAH BUILDING , GHATKOPAR
[WEST], MUMBAI, |
B44920957 |
|
3 |
10110959 |
25/07/2013 * |
52,830,000.00 |
CANARA BANK |
H.O AT 112,
JAYAMARAJENDRA , BANGLORE-560002, BRANCH AT R.D. SHAH BUILDING , GHATKOPAR
[WEST], MUMBAI, |
B80337702 |
* Date of charge modification
TRADE REFERENCES:
·
WPG C&C Computers and
Peripheral India Private Limited
· ILF Consulting Engineers
FIXED ASSETS:
· Furniture and Fixture
· Plant and Machinery
· Air Conditioner
· Motor Car
· Mobile Hand Set
· Telephone Instrument
· Tools and Instrument
· Computer System
· Laptop
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.61.16 |
|
|
1 |
Rs.98.62 |
|
Euro |
1 |
Rs. 77.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--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.