MIRA INFORM REPORT
|
Report No. : |
336154 |
|
Report Date : |
10.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
ABHAY INTEGRATED TECHNOLOGIES
PRIVATE LIMITED (w.e.f. 21.06.2007) |
|
|
|
|
Formerly Known
As : |
ABHAY
INTERGRATED TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
68,
West Arjun Nagar, Agra – 282 001, Uttar Pradesh |
|
Tel. No.: |
91-9997743445 (Mr.
Nirmal Kumar Singhal) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
25.05.2007 |
|
|
|
|
Com. Reg. No.: |
20-033353 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U73100UP2007PTC033353 |
|
|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Dealer and Distributor of Information
Technology (IT) Products. |
|
|
|
|
No. of Employees
: |
10 (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 |
|
Maximum Credit Limit : |
USD 6000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
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. Rating is
constrained on account of company’s moderate financial risk profile marked by
modest networth along with huge borrowings and leverage balance sheet profile
of the company. However, trade
relations are reported as fair. Payments are reported to be slow but correct.
In view of
leverage balance sheet profile, the company can be considered for business
dealing 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.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr.
Nirmal Kumar Singhal |
|
Designation : |
Director |
|
Contact No.: |
91-9997743445 |
|
Date : |
08.08.2015 |
LOCATIONS
|
Registered Office : |
68,
West Arjun Nagar, Agra – 282 001, Uttar Pradesh, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9997743445 (Mr.
Nirmal Kumar Singhal) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
|
Locality : |
Residential |
|
|
|
|
Warehouse/ Sales Office : |
Block No.28, Shop No.G-107, L.I.C. Road, Sanjay Place, Agra – 282 002,
Uttar Pradesh, India |
|
Tel. No.: |
91-562-4018908/ 4018608 |
|
Location : |
Rented |
DIRECTORS
AS ON 29.09.2014
|
Name : |
Mr.
Sarvesh Siddhesh Saran Mittal |
|
Designation : |
Director |
|
Address : |
94/A,
Jai Ram Bagh Colony, Near Tulsi Vihar, Dayal Bagh, Agra – 282 004, Uttar
Pradesh, India |
|
Date of Birth/Age : |
14.10.1975 |
|
Date of Appointment : |
25.05.2007 |
|
DIN No.: |
03272219 |
|
PAN No.: |
AITPM6194J |
|
|
|
|
Name : |
Mr.
Nirmal Kumar Kishan Lal Singhal |
|
Designation : |
Director |
|
Address : |
68,
West Arjun Nagar, Agra – 282 010, Uttar Pradesh, India |
|
Date of Birth/Age : |
10.12.1976 |
|
Date of Appointment : |
25.05.2007 |
|
DIN No.: |
03272260 |
|
PAN No.: |
AIVPS1211Q |
|
|
|
|
Name : |
Mr.
Paras Radhey Shyam Goyal |
|
Designation : |
Director |
|
Address : |
B-60,
Alok Nagar, Agra – 282 007, Uttar Pradesh, India |
|
Date of Birth/Age : |
10.07.1984 |
|
Date of Appointment : |
25.05.2007 |
|
DIN No.: |
03272283 |
|
PAN No.: |
AHGPG0499N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Nirmal Kumar Singhal |
5000 |
50.00 |
|
Sarvesh Mittal |
2500 |
25.00 |
|
Paras
Goyal |
2500 |
25.00 |
|
Total |
10000 |
100.00 |
AS ON 29.09.2014
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer and Distributor of Information
Technology (IT) Products. |
|
|
|
|
Products : |
Information Technology (IT) Products |
|
|
|
|
Brand Names : |
Not Available |
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Agencies Held : |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
·
Cannon India Private Limited ·
Compuage Infocom Limited ·
Ingram Micro India Limited ·
Laxmi Enterprises ·
Odyssey Microtrends Private Limited ·
Ojaswi Infotech ·
Redington (India) Limited (Lucknow) ·
Redington (India) Limited (Noida) ·
Spark Technologies Limited |
||||||||||||||||||||||
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|
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|
Customers : |
Wholesalers, OEM’s and Manufacturer
·
Advance Computer ,GZB ·
Agra Computer Centre ·
Banke Bhihari Drug Distributor ·
City Tech Marketing ·
Comhard Technics ·
Digiworld ·
Evershine Technologies ·
Hanuman Computech ·
Hindustan Technologies ·
Kashish Infotech ·
Maa Chamunda Computers |
||||||||||||||||||||||
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No. of Employees : |
10 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Pawan Shiv Goyal and Company Chartered Accountants |
|
Address : |
25, Akhilesh Tower, Hariparwat Crossing, Agra – 282 002, Uttar
Pradesh, India |
|
Tel. No.: |
91-562-4013625 |
|
Mobile No.: |
91-9412257086 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
ADRPG1868L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)
Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.100 |
0.100 |
0.100 |
|
(b) Reserves &
Surplus |
1.929 |
1.824 |
1.274 |
|
(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) |
2.029 |
1.924 |
1.374 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
14.248 |
11.679 |
6.508 |
|
(b) Deferred tax
liabilities (Net) |
0.003 |
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) |
14.251 |
11.679 |
6.508 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
7.500 |
4.751 |
2.084 |
|
(c) Other current
liabilities |
0.311 |
0.284 |
2.442 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
7.811 |
5.035 |
4.526 |
|
|
|
|
|
|
TOTAL |
24.091 |
18.638 |
12.408 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i) Tangible assets |
0.041 |
0.056 |
0.062 |
|
(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 |
0.000 |
0.000 |
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 |
0.041 |
0.056 |
0.062 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current investments |
2.356 |
2.164 |
0.000 |
|
(b) Inventories |
13.472 |
9.265 |
5.800 |
|
(c) Trade receivables |
5.911 |
5.471 |
4.695 |
|
(d) Cash and cash
equivalents |
0.795 |
0.666 |
0.988 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current assets |
1.516 |
1.016 |
0.863 |
|
Total Current Assets |
24.050 |
18.582 |
12.346 |
|
|
|
|
|
|
TOTAL |
24.091 |
18.638 |
12.408 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue
from operations (Net) |
70.000 (Approximately) |
52.245 |
33.632 |
|
|
|
Other Income |
NA |
3.662 |
2.629 |
|
|
|
TOTAL |
NA |
55.907 |
36.261 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase
of stock-in-trade |
NA |
54.467 |
31.826 |
|
|
|
Changes
in inventories of finished |
NA |
(3.465) |
0.420 |
|
|
|
Employee
benefits expenses |
NA |
2.450 |
2.206 |
|
|
|
Other
expenses |
NA |
0.783 |
0.674 |
|
|
|
TOTAL |
NA |
54.235 |
35.126 |
|
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
NA |
1.672 |
1.135 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
NA |
0.940 |
0.602 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
0.732 |
0.533 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
NA |
0.006 |
0.002 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
0.504 |
0.726 |
0.531 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.399 |
0.175 |
0.158 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
0.105 |
0.551 |
0.373 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
10.50 |
55.05 |
37.34 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
60.000 |
|
|
|
|
|
Expected Sales (2015-2016): Rs.100.000 million
The above information has been parted by Mr. Nirmal Kumar Singhal (Director).
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities of long-term debt |
NA |
NA |
NA |
|
Cash generated
from operations |
NA |
NA |
NA |
|
Net cash generated from / (used in) operating
activities |
NA |
(3.329) |
(1.745) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
NA |
1.05 |
1.11 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
3.20 |
3.37 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.09 |
3.90 |
4.28 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25 |
0.38 |
0.39 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
7.02 |
6.07 |
4.74 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.08 |
3.69 |
2.73 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs. In Million |
Rs. In Million |
Rs. In Million |
|
Share Capital |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
1.274 |
1.824 |
1.929 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
1.374 |
1.924 |
2.029 |
|
|
|
|
|
|
Long-term borrowings |
6.508 |
11.679 |
14.248 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
6.508 |
11.679 |
14.248 |
|
Debt/Equity ratio |
4.737 |
6.070 |
7.022 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity-Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last four years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
Particulars |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
LONG
TERM BORROWINGS |
|
|
|
-
From Others |
|
|
|
Dharmesh
Mittal |
0.053 |
0.049 |
|
Manoj
Agarwal Chipitola |
0.472 |
0.437 |
|
Meenakshi
Goyal |
0.895 |
0.828 |
|
Monika
Mittal |
0.053 |
0.049 |
|
Nirmal
Kumar Singhal |
1.543 |
1.427 |
|
Paras
Goyal |
1.946 |
1.800 |
|
Pooja
Mittal |
0.343 |
0.317 |
|
Radhay
Shayam Goyal |
2.083 |
1.926 |
|
Rahul
Dravid |
0.046 |
0.042 |
|
Ram
Prakash Agrawal |
1.188 |
0.136 |
|
Rekha
Mittal |
0.367 |
0.340 |
|
Sarvesh
Mittal |
1.842 |
1.704 |
|
S.S.
Mittal |
0.147 |
0.136 |
|
Vasdev
Prasad |
0.342 |
0.317 |
|
Vimlesh
Devi |
0.465 |
0.430 |
|
Yamini
Singhal |
1.169 |
1.081 |
|
Total
|
12.954 |
11.019 |
INDEX
OF CHARGES:
No Charges Exist for Company.
FIXED ASSETS:
·
Computer
·
Furniture
·
UPS
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.63.81 |
|
UK Pound |
1 |
Rs.98.93 |
|
Euro |
1 |
Rs.69.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
NO |
|
--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.