MIRA INFORM REPORT
|
Report Date : |
30.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
SAKRI IT SOLUTIONS PRIVATE LIMITED |
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Registered
Office : |
Office No. C-C/45, Ashoka Nagar, S.No.39, H.No.1+2/1/1, Kharadi, Pune-411014, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
01.04.2009 |
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Com. Reg. No.: |
11-133731 |
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Capital
Investment / Paid-up Capital : |
Rs. 2.280 Millions |
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CIN No.: [Company Identification
No.] |
U72900PN2009PTC133731 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Subject is engaged in Designing, developing, Buying, Selling of
Computer Softwares and Computer Peripherals. |
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No. of Employees
: |
140 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 280000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. General financial position of the company is good. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct. The company can be considered normal 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.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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
31-03-2014.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Sundar |
|
Designation : |
Senior Finance Manager |
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Contact No.: |
91-20-65111015 |
|
Date : |
22.10.2014 |
LOCATIONS
|
Registered Office : |
Office No. C-C/45, Ashoka Nagar, S.No.39, H.No.1+2/1/1, Kharadi, Pune-411014, Maharashtra, India |
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Tel. No.: |
91-20-65111017 / 15 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office : |
301, Block – A World Trade Centre (WTC), Kharadi, Pune-411 014,
Maharashtra, India |
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Branch Office : |
C-1 / 5, Rakshak Nagar, Phase-II, Next to Shell Petrol Section,
Kharadi, Pune-411 014, Maharashtra, India |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Ravilakshman Kantimahanthi |
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Designation : |
Director |
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Address : |
Flat 306, Sai Apartments. Rednam Gardens, Visakha Pattanam-530002,
Andhra Pradesh, India |
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Date of Birth/Age : |
28.09.1965 |
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Date of Appointment : |
10.05.2010 |
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DIN No.: |
03029469 |
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Other
Directorship :
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Name : |
Madam Asha Manthri |
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Designation : |
Director |
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Address : |
RH # C1-39, Prestige Panorama, Keshavnagar, Mundhwa, Pune-411036,
Maharashtra, India |
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Date of Birth/Age : |
29.09.1974 |
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Date of Appointment : |
01.04.2009 |
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DIN No.: |
02558289 |
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Name : |
Mr. Suryodayam Jaggumantri |
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Designation : |
Director |
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Address : |
171, Manthri, Woodlands apartment, Arakere, Bangalore South,
Bangalore-561203, Karnataka |
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Date of Birth/Age : |
12.02.1935 |
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Date of Appointment : |
01.04.2009 |
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DIN No.: |
02514490 |
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KEY EXECUTIVES
|
Name : |
Mr. Sundar |
|
Designation : |
Senior Finance Manager |
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|
Name : |
Rajendra Joshi and Associates |
|
Designation : |
Company Secretory |
MAJOR SHAREHOLDERS
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Asha Manthri |
44000 |
|
Suryodayam Jaggumantri |
80000 |
|
Ravilakshman Kantimahanthi |
48000 |
|
Arjunkumar Kantimahanthi |
32000 |
|
Jyothi Chelamcharla |
32000 |
|
Saraswathy Kantimahanti |
32000 |
|
Shrikrishna Patnaik Kantimahanti |
32000 |
|
Kameshwara Rao Manthri |
4000 |
|
Total |
304000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Subject is engaged in Designing, developing, Buying, Selling of
Computer Softwares and Computer Peripherals. |
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Imports : |
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Products : |
Raw Material |
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Countries : |
Russia |
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Terms : |
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Selling : |
Cash, L/C, Cheque and Credit |
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Purchasing : |
Cash, L/C, Cheque and Credit |
GENERAL INFORMATION
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No. of Employees : |
140 (Approximately) |
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Bankers : |
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Facilities : |
SECURED LOAN
Note : SHORT TERM BORROWINGS Details of Securities and Guarantees Secured loan from bank referred above to the extent of Rs. 53.477
Millions is secured by hypothecation by way of first and exclusive charge on
all present and future stock. Goods, Raw Material, Book Debts. Collateral security offered is in from of equitable mortgage on
buildings at Pune. The aforesaid secured loans of Rs. 53.477 Millions carry personal
guarantee of Directors. |
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Banking
Relations : |
--- |
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Auditors : |
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|
Name : |
P. C. Choudhary and Associates Chartered Accountants |
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|
Name : |
C. V. Chitale and Company Chartered Accountants |
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Address : |
1317 SHUKRUWAR PETH, 3 GURUKRUPA SATHE COLONY, PUNE- 411002,
Maharashtra, INDIA |
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PAN No.: |
AAEFC6355J |
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Sister Concern : |
Sanona Infotech and services Private Limited |
CAPITAL STRUCTURE
After 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
228000 |
Equity Shares |
Rs.10/- each |
Rs. 2.280
Millions |
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As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
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|
|
|
|
304000 |
Equity Shares |
Rs.10/- each |
Rs. 3.040
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 |
2.280 |
1.520 |
0.760 |
|
(b) Reserves & Surplus |
96.623 |
56.631 |
40.597 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
98.903 |
58.151 |
41.357 |
|
|
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|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.700 |
0.444 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
1.529 |
0.106 |
0.518 |
|
(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) |
2.229 |
0.550 |
0.518 |
|
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|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
96.842 |
44.008 |
1.500 |
|
(b) Trade
payables |
193.539 |
227.952 |
77.837 |
|
(c) Other
current liabilities |
43.200 |
22.488 |
40.388 |
|
(d) Short-term
provisions |
1.556 |
0.663 |
16.845 |
|
Total Current
Liabilities (4) |
335.137 |
295.111 |
136.570 |
|
|
|
|
|
|
TOTAL |
436.269 |
353.812 |
178.445 |
|
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|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
47.486 |
37.585 |
9.852 |
|
(ii)
Intangible Assets |
1.518 |
0.817 |
0.170 |
|
(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 |
34.916 |
1.563 |
0.000 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
83.920 |
39.965 |
10.022 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
118.225 |
67.776 |
70.350 |
|
(c) Trade
receivables |
205.994 |
217.709 |
88.348 |
|
(d) Cash
and cash equivalents |
1.143 |
0.535 |
1.651 |
|
(e)
Short-term loans and advances |
26.987 |
27.827 |
8.074 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
352.349 |
313.847 |
168.423 |
|
|
|
|
|
|
TOTAL |
436.269 |
353.812 |
178.445 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
968.126 |
696.733 |
433.420 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
919.750 |
668.919 |
372.929 |
|
|
|
|
|
|
|
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|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
48.376 |
27.814 |
60.491 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.080 |
1.000 |
0.422 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
46.296 |
26.814 |
60.069 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
4.373 |
9.002 |
20.511 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
41.923 |
17.812 |
39.558 |
|
|
|
|
|
|
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
12.795 |
28.849 |
NA |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
2.500 |
2.000 |
7.500 |
|
|
|
Interim Dividend |
0.000 |
0.304 |
0.000 |
|
|
|
Tax on Interim Dividend |
0.000 |
0.050 |
0.000 |
|
|
|
Proposed Dividend |
1.330 |
0.570 |
0.608 |
|
|
|
Tax on Proposed Dividend |
0.226 |
0.092 |
0.101 |
|
|
BALANCE CARRIED
TO THE B/S |
35.367 |
12.795 |
28.849 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
183.87 |
117.18 |
520.50 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
4.33 |
2.56 |
9.13 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.53 |
7.61 |
33.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.47 |
0.46 |
1.45 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.99 |
0.76 |
0.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.05 |
1.06 |
1.23 |
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 |
0.760 |
1.520 |
2.280 |
|
Reserves & Surplus |
40.597 |
56.631 |
96.623 |
|
Net
worth |
41.357 |
58.151 |
98.903 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.444 |
0.700 |
|
Short term borrowings |
1.500 |
44.008 |
96.842 |
|
Total
borrowings |
1.500 |
44.452 |
97.542 |
|
Debt/Equity
ratio |
0.036 |
0.764 |
0.986 |
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 |
433.420 |
696.733 |
968.126 |
|
|
|
60.752 |
38.952 |
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 |
433.420 |
696.733 |
968.126 |
|
Profit |
39.558 |
17.812 |
41.923 |
|
|
9.13% |
2.56% |
4.33% |
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 |
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOAN
|
Particulars |
As
on 31.03.2013 (Rs.
In Millions) |
As
on 31.03.2012 (Rs.
In Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and Advances from Related Parties |
43.365 |
1.200 |
|
It is represent that the unsecured loan is repayable on demand hence
grouped as and disclose under “Short term Borrowings”. There is no
stipulation as regards period for repayment of loan. |
|
|
|
Total |
43.365 |
1.200 |
OPERATION
During the year the Company has achieved the gross turnover of Rs.
971.280 Millions (Net Rs. 935.036 Millions). After all the expenses the company
has earn profit after tax Rs. 41.923 Millions. The Directors are putting all
efforts to further improve the operations in the current financial year.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10456917 |
27/05/2014 * |
120,000,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING BRANCH AT 214/215,CITY MALL, SE COND FLOOR,GANESHKHIND ROAD, PUNE, MAHARASHTRA - 411007, INDIA |
C07471352 |
* Date of charge modification
FIXED ASSETS
- Tangible Assets
o Land and Buildings
o Plant and Machinery
o Furniture and Fixture
o Vehicles
o Office Equipments
o Electrical Installation
o Computer
- Intangible Assets
o Computer 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. 61.31 |
|
|
1 |
Rs. 99.00 |
|
Euro |
1 |
Rs. 78.14 |
INFORMATION DETAILS
|
Information Gathered
by : |
DIP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ASH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
49 |
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.