MIRA INFORM REPORT
|
Report No. : |
337852 |
|
Report Date : |
22.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
HECKYL TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No. 1002, B Wing, Supreme Business Park, Sharma Cottage, Behind Lake
Castle, Hiranandani Garden, Powai, Mumbai – 400076, Maharashtra |
|
Tel. No.: |
91-22-42153561 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
09.12.2010 |
|
|
|
|
Com. Reg. No.: |
11-210847 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.431 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900MH2010PTC210847 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing information technology (IT) enabled services. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 780000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
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|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company incorporated during the year 2010.
It has a moderate track record. For the financial year 2014, the company possesses average operational
activity and incurred losses during the year with minimal sales revenue. Further, the company possesses good net worth base along with zero
debt balance sheet profile. Trade relations are reported as fair. Business is active. Payment
terms are slow but correct. In view of continuous losses incurred, the company can be considered
for business dealings with some cautions. |
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 DECLINED
Management non co-operative (Tel No. 91-22-42153561)
LOCATIONS
|
Registered Office : |
Unit No. 1002, B Wing, Supreme Business Park, Sharma Cottage, Behind
Lake Castle, Hiranandani Garden, Powai, Mumbai – 400076, Maharashtra, India |
|
Tel. No.: |
91-22-42153561 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Som Sagar |
|
Designation : |
Director |
|
Address : |
H1-102 Bhoomi Park Phase 2 Malad W, Malawani 01, Mumbai, 400095, Maharashtra, India |
|
Date of Birth/Age : |
08.04.1981 |
|
Date of Appointment : |
19.12.2010 |
|
DIN No.: |
03021217 |
|
|
|
|
Name : |
Mr. Mukund Laxmikant Mudras |
|
Designation : |
Director |
|
Address : |
401 B Wing Siddheshwar Arcade, Bombay Poona Road Kalva Thane, Thane, 400605, Maharashtra, India |
|
Date of Birth/Age : |
28.04.1973 |
|
Date of Appointment : |
04.01.2011 |
|
DIN No.: |
03280891 |
|
|
|
|
Name : |
Mr. Paula Ravindra Mariwala |
|
Designation : |
Nominee Director |
|
Address : |
8-B, Saahil, 14, Altamount Road,, Mumbai, 400026, Maharashtra, India |
|
Date of Birth/Age : |
09.05.1965 |
|
Date of Appointment : |
23.07.2012 |
|
DIN No.: |
01653938 |
|
|
|
|
Name : |
Mr. Venkatesh Ratnam Peddi |
|
Designation : |
Nominee Director |
|
Address : |
Flat No.202 Reach For The Sky Apartment,, 184, 9th Cross, CMH Road, Indira Nagar, 1st Stage,, Bangalore, 560038, Karnataka, India |
|
Date of Birth/Age : |
26.01.1978 |
|
Date of Appointment : |
10.12.2013 |
|
DIN No.: |
03176621 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Som Vidya Sagar |
|
5244 |
|
Abhijit Sharad Vedak |
|
5244 |
|
Mikund Mudras |
|
5244 |
|
Jaison Kalathimathews |
|
5245 |
|
Rajiv Dalal |
|
1095 |
|
Seed Fund 2 International (Equity) |
|
96 |
|
Seed Fund 2 India (Equity) |
|
4 |
|
Rajiv Dalal (Equity Series B) |
|
1 |
|
Seed Fund 2 International (Equity Series B) |
|
16 |
|
Seed Fund 2 India (Equity Series B) |
|
1 |
|
IDG Venture India Fund II LLC (Equity Series B) |
|
43 |
|
Seed Fund 2 International (Compulsorily convertible preference shares
Series A) |
|
1931 |
|
Seed Fund 2 India (Compulsorily convertible preference shares Series
A) |
|
34 |
|
Seed Fund to Advisory 2 India (a scheme of the India Seed Investment
Trust) (Compulsorily convertible preference shares Series A) |
|
35 |
|
Seed Fund 2 International (Compulsorily convertible preference shares
Series A) |
|
5170 |
|
Seed Fund 2 India (Compulsorily convertible preference shares Series
A) |
|
137 |
|
IDG Venture India Fund II LLC (Compulsorily convertible preference
shares Series A) |
|
13268 |
|
Rajiv Dalal (Compulsorily convertible preference shares Series A) |
|
309 |
|
Total |
|
43117 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Venture Capital |
0.072 |
|
Directors or relatives of Directors |
47.17 |
|
Other |
52.11 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing information technology (IT) enabled services. |
|
|
|
|
Products : |
Not Divulged |
|
|
|
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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|
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Imports : |
Not Divulged |
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|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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||||||||||||||||||||||
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Auditors : |
|
|
Name : |
B B S R and Company Chartered Accountants |
|
Address : |
Lodha Excelus, 1st Floor, Apollo Mills Compound, N.M. Joshi
Marg, Mahalakshmi, Mumbai – 400011, Maharashtra, India |
|
Tel No.: |
91-22-39896000 |
|
Fax No.: |
91-22-30902511 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAKFB4397F |
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|
|
|
Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiaries : |
Heckyl Limited |
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|
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Control or significant influence over reporting enterprises : |
|
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
979000 |
Equity Shares |
Rs.10/- each |
Rs.9.790 Million |
|
21000 |
Preference Shares |
Rs.10/- each |
Rs.0.210 Million |
|
|
Total |
|
Rs.10.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22233 |
Equity Shares |
Rs.10/- each |
Rs.0.222
Million |
|
20884 |
Preference Shares |
Rs.10/- each |
Rs.0.209 Million |
|
|
Total |
|
Rs.0.431 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 |
0.431 |
0.201 |
0.201 |
|
(b) Reserves & Surplus |
272.107 |
24.969 |
28.883 |
|
(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) |
272.538 |
25.170 |
29.084 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
1.067 |
0.000 |
0.000 |
|
(d) long-term provisions |
1.391 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
2.458 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
0.509 |
0.514 |
0.305 |
|
(c) Other current liabilities |
5.918 |
2.634 |
0.272 |
|
(d) Short-term provisions |
0.000 |
0.265 |
0.000 |
|
Total
Current Liabilities (4) |
6.427 |
3.413 |
0.577 |
|
|
|
|
|
|
TOTAL |
281.423 |
28.583 |
29.661 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
0.917 |
0.531 |
0.395 |
|
(ii) Intangible Assets |
12.475 |
11.862 |
5.144 |
|
(iii) Capital work-in-progress |
4.805 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
9.911 |
0.000 |
0.000 |
|
(b) Non-current Investments |
100.010 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
16.327 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
144.445 |
12.393 |
5.539 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
5.407 |
3.485 |
0.381 |
|
(d) Cash and cash equivalents |
123.942 |
10.762 |
22.780 |
|
(e) Short-term loans and
advances |
2.203 |
1.453 |
0.961 |
|
(f) Other current assets |
5.426 |
0.490 |
0.000 |
|
Total
Current Assets |
136.978 |
16.190 |
24.122 |
|
|
|
|
|
|
TOTAL |
281.423 |
28.583 |
29.661 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Revenue from operation |
14.478 |
3.536 |
0.222 |
|
|
Other Income |
8.375 |
1.427 |
0.576 |
|
|
TOTAL
(A) |
22.853 |
4.963 |
0.798 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits expense |
4.517 |
2.253 |
0.263 |
|
|
Other expenses |
12.381 |
4.789 |
1.261 |
|
|
TOTAL
(B) |
16.898 |
7.042 |
1.524 |
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
5.955 |
(2.079) |
(0.726) |
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.024 |
0.004 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
5.931 |
(2.083) |
(0.726) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
5.885 |
1.831 |
0.140 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
0.046 |
(3.914) |
(0.866) |
|
|
|
|
|
|
|
Less |
TAX (H) |
0.913 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(0.867) |
(3.914) |
(0.866) |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Capital Goods |
NA |
NA |
0.070 |
|
|
TOTAL
IMPORTS |
NA |
NA |
0.070 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(48.19 |
(207.56) |
(45.51) |
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 flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(5.99) |
(110.69) |
(390.09) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
41.13 |
(58.80) |
(327.03) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.03 |
(13.69) |
(2.92) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
(0.16) |
(0.03) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
21.31 |
4.74 |
41.81 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
0.201 |
0.201 |
0.431 |
|
Reserves & Surplus |
28.883 |
24.969 |
272.107 |
|
Net
worth |
29.084 |
25.170 |
272.538 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
0.222 |
3.536 |
14.478 |
|
|
|
1,492.793 |
309.446 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
0.222 |
3.536 |
14.478 |
|
Profit |
(0.866) |
(3.914) |
(0.867) |
|
|
(390.09%) |
(110.69%) |
(5.99%) |
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 |
No |
|
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 |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been shifted from 4/A, Sahyadri, J Wadia Road, Parel – Bhoiwada, Parel, Mumbai – 400012, Maharashtra, India to the present address w.e.f. 01.03.2014
BACKGROUND
Heckyl Technologies Private Limited (‘the company’) was incorporated on
09 December provides real time news analytics, live market analysis of the
Indian and US equity markets.
INDEX
OF CHARGES: NO CHARGES EXIST FOR THE COMPANY
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
The estimated amount of contracts remaining
to be executed on capital account, net of advance |
4.131 |
0.000 |
|
Arrears of dividend on 0.1% compulsorily cumulative
preference shares – Series A (excluding dividend tax) |
0.100 |
0.050 |
|
Arrears of dividend on 0.1% compulsorily
convertible cumulative preference shares – Series B (excluding dividend tax) |
0.000 |
0.000 |
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.65.82 |
|
|
1 |
Rs.103.38 |
|
Euro |
1 |
RS.74.26 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.