MIRA
INFORM REPORT
|
Report Date : |
26.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
ACE BRAIN SYSTEMS AND SOFTWARE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No. 1559, Sadashiv Peth, |
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|
|
Country : |
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|
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Financials (as
on) : |
31.03.2013 |
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|
|
|
Date of
Incorporation : |
19.05.1998 |
|
|
|
|
Com. Reg. No.: |
25-012516 |
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|
|
Capital Investment
/ Paid-up Capital : |
Rs. 6.250 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200PN1998PTC012516 |
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|
|
|
IEC No.: |
3106013885 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEA02547G |
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|
|
|
PAN No.: [Permanent Account No.] |
AADCA7232L |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Dealer Distributor of computer peripherals. |
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|
|
|
No. of Employees
: |
80 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
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 was erstwhile started as a partnership concern with the name
“ACE Brain Computers, in 1990, Subsequently in 1998, the firm was reconstituted
as a private limited company with the current name. It is an established
company having moderate track. Mr. Srinivas, the Accountant provided complete details and confirmed
that the major customers of the company consist of government authorities
from which the company has not received any orders during financial year
2013, due to which the management has witnessed a drastic dip in its sales
revenue during the year. However, financial position seems to be acceptable
marked by fair net worth and low external borrowings recorded in the books. The ratings also take into consideration the delay in receiving past
payments from government authorities and huge debtors which in turn
pressurize the company’s liquidity position. 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 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: “B+” |
|
Rating Explanation |
High risk of default regarding payments. |
|
Date |
12.09.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: “A4” |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
12.09.2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Srinivas |
|
Designation : |
Accountant |
|
Contact No.: |
91-20-24329731 |
|
Date : |
24.09.2014 |
LOCATIONS
|
Registered Office : |
No. 1559, Sadashiv Peth, Tilak Road, Opposite Hotel Suryah, Pune –
411030, Maharashtra, India |
|
Tel. No.: |
91-20-65605060/ 1/ 2/ 3/ 4/ 24335871/ 24329731 |
|
Mobile No.: |
91-9423005472 (Mr. Yogesh Pramod Godbole) |
|
Fax No.: |
91-20-24329730 / 1 / 2 / 24335871 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1250 Sq. ft |
|
Location : |
Rented |
|
|
|
|
Head Office : |
Office No. 10 to 14, 2nd Floor, Bhakti Plaza, Near Bremen Circle, Aundh, Pune – 411007, Maharashtra, India |
|
Tel. No.: |
91-20-64019348/ 64010058 |
|
Fax No.: |
91-20-24329732 |
|
|
|
|
Warehouse : |
Rose Wood Park, RH 8, Near BSNL Telephone Exchange, Pune Neagar Road,
Wagholi, Pune – 412207, Maharashtra, India
|
|
Fax No.: |
91-20-24329732 |
|
E-Mail : |
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|
Area : |
1300 Sq. ft |
|
Location : |
Rented |
|
|
|
|
Sales Office: |
5407, Maverick Point Lane, Katy, Texas – 77494, USA. |
|
E-Mail : |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Sarang Yashwant Satarkar |
|
Designation : |
Director |
|
Address : |
501, Cordia, Nyati Estate, Phase-II, Mohmmadwadi, Pune – 411029,
Maharashtra, India |
|
Date of Birth/Age : |
17.07.1970 |
|
Qualification : |
B.E. |
|
Experience : |
22 Years |
|
Date of Appointment : |
19.05.1998 |
|
DIN No.: |
00018732 |
|
|
|
|
Name : |
Mr. Yogesh Pramod Godbole |
|
Designation : |
Director |
|
Address : |
F. No. 202, Erythrenea Nyati Estate, Phase – II, Mohamedwadi, Pune –
411029, Maharashtra, India |
|
Date of Birth/Age : |
18.03.1969 |
|
Qualification : |
B.E. |
|
Experience : |
22 Years |
|
Date of Appointment : |
19.05.1998 |
|
DIN No.: |
00018746 |
|
|
|
|
Name : |
Mr. Sandeep Madhav Bendigiri |
|
Designation : |
Director |
|
Address : |
B-1703, Gagan Vihar, Near Gagan Dham, Marketyard, Pune – 411037,
Maharashtra, India |
|
Date of Birth/Age : |
12.04.1968 |
|
Qualification : |
B.C.S. |
|
Experience : |
22 Years |
|
Date of Appointment : |
19.05.1998 |
|
DIN No.: |
00026177 |
KEY EXECUTIVE
|
Name : |
Mr. Srinivas |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Yogesh Pramod Godbole |
208500 |
33.36 |
|
Sarang Yashwant Satarkar |
208250 |
33.32 |
|
Sandeep Madhav Bendigiri |
208250 |
33.32 |
|
Total |
625000 |
100.00 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer Distributor of computer peripherals. |
|
|
|
|
Agencies Held: |
·
HP ·
IBM ·
Samsung ·
Dell etc |
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|
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Terms : |
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Selling : |
Cash and Advance Payment |
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|
|
|
Purchasing : |
Cash and Advance Payment |
GENERAL INFORMATION
|
Customers : |
· Wholesalers Retailers |
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No. of Employees : |
80 (Approximately) |
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Bankers : |
· State Bank of India, 1548-A, Commercial Branch,, Sadashiv Peth, Tilak Road, Pune - 411030, Maharashtra, India |
||||||||||||||||||
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|
||||||||||||||||||
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Facilities : |
Cash and credit: Rs. 7.500 Millions
|
|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
M.N. Devi and Associates Chartered Accountants |
|
Address : |
'A' 101 and 102,Shreenath Plaza, Dnyaneshwar Paduka Chowk,
Shivajinagar, Pune – 411005, Maharashtra, India |
|
Tel. No.: |
91-20-25513735 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AAAAM5961F |
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Subsidiaries : |
· Ace Brain Technologies Private Limited CIN No.: U72200PN2007PTC130242 Arithematic System and Technology |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
625000 |
Equity Shares |
Rs.10/- each |
Rs. 6.250
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 |
6.250 |
6.250 |
6.250 |
|
(b) Reserves & Surplus |
62.982 |
53.278 |
10.845 |
|
(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) |
69.232 |
59.528 |
17.095 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.404 |
13.013 |
8.306 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
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) |
0.404 |
13.013 |
8.306 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
91.820 |
126.041 |
132.401 |
|
(c) Other current
liabilities |
3.369 |
10.492 |
2.864 |
|
(d) Short-term provisions |
20.811 |
37.397 |
35.166 |
|
Total Current Liabilities (4) |
116.000 |
173.930 |
170.431 |
|
|
|
|
|
|
TOTAL |
185.636 |
246.471 |
195.832 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
7.762 |
7.736 |
2.466 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
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 |
2.635 |
2.635 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.707 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.168 |
0.234 |
0.000 |
|
Total Non-Current Assets |
10.565 |
10.605 |
3.173 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
2.635 |
|
(b) Inventories |
5.658 |
9.214 |
4.525 |
|
(c) Trade receivables |
140.054 |
189.616 |
160.967 |
|
(d) Cash and cash
equivalents |
1.073 |
3.577 |
0.838 |
|
(e) Short-term loans and
advances |
5.013 |
3.975 |
4.724 |
|
(f) Other current assets |
23.273 |
29.484 |
18.970 |
|
Total Current Assets |
175.071 |
235.866 |
192.659 |
|
|
|
|
|
|
TOTAL |
185.636 |
246.471 |
195.832 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
356.412 |
607.581 |
193.942 |
|
|
|
Other Income |
NA |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
NA |
607.581 |
193.942 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
496.903 |
146.896 |
|
|
|
Employee Benefit Expenses |
|
21.152 |
7.488 |
|
|
|
Other Expenses |
|
68.177 |
32.305 |
|
|
|
TOTAL (B) |
NA |
586.232 |
186.689 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
21.349 |
7.253 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
5.590 |
2.995 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
15.759 |
4.258 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
1.782 |
0.663 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
13.977 |
3.595 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
0.473 |
1.309 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
9.769 |
13.504 |
2.286 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
15.63 |
21.61 |
5.75 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
356.400 |
Expected Sales (2014-2015) : Rs.230.000 Millions (Due to market
fluctuation )
The above information has been parted by Mr. Srinivas (Accountant)
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
NA
|
2.22
|
1.18 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
2.30
|
1.85 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
5.73
|
1.84 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.23
|
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.01
|
0.22
|
0.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.51
|
1.36
|
1.13 |
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 |
6.250 |
6.250 |
6.250 |
|
Reserves & Surplus |
10.845 |
53.278 |
62.982 |
|
Net
worth |
17.095 |
59.528 |
69.232 |
|
|
|
|
|
|
long-term borrowings |
8.306 |
13.013 |
0.404 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
8.306 |
13.013 |
0.404 |
|
Debt/Equity
ratio |
0.486 |
0.219 |
0.006 |
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 |
193.942 |
607.581 |
356.412 |
|
|
|
213.280 |
-41.339 |
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 |
193.942 |
607.581 |
356.412 |
|
Profit |
2.286 |
13.504 |
9.769 |
|
|
1.18% |
2.22% |
2.74% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG TERM DEBTS: 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] |
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
four years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
Yes |
|
14] |
Estimation for coming
financial year |
Yes |
|
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) |
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 |
10090573 |
28/01/2010 * |
75,000,000.00 |
STATE BANK OF INDIA |
1548 A, COMMERCIAL BRANCH, SADASHIV PETH, TILAK ROAD, PUNE - 411030, MAHARASHTRA, INDIA |
A78040094 |
* Date of charge modification
OPERATIONS
During the year, the Company earned an income of Rs. 356.412 Millions as against Rs. 607.582 Millions during the previous year.
After charging all expenses the Company earned a profit of Rs. 9.769 Millions.
The directors are hopeful about the better performance during the Current Year.
FIXED ASSETS
· Furniture and Fixtures
Electrical
Installation
Vehicles
Office
equipment
Computers
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 records 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.61.02 |
|
|
1 |
Rs.99.43 |
|
Euro |
1 |
Rs.77.84 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
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 |
|
30 |
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.