MIRA INFORM REPORT
|
Report No. : |
355182 |
|
Report Date : |
18.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
NEILSOFT LIMITED (w.e.f. 28.10.1999) |
|
|
|
|
Formerly Known
As : |
NEIL AUTOMATION TECHNOLOGY LIMITED (18.06.1992) NEIL AUTOMATION TECHNOLOGY PRIVATE LIMITED |
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Registered
Office : |
Pride Parmar Galaxy, 10/10+A, 8th Floor, Sadhu Vaswani
Chowk, Pune – 411001, Maharashtra |
|
Tel. No.: |
91-20-26053003 |
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|
|
|
Country : |
India |
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|
Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
24.06.1991 |
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|
|
|
Com. Reg. No.: |
11-062192 |
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Capital
Investment / Paid-up Capital : |
Rs.99.547
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200PN1991PLC062192 |
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|
|
|
IEC No.: |
0392002698 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEN01142B |
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PAN No.: [Permanent Account No.] |
AAACN1300P |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged into Provides Specialist engineering services and solutions across a range of engineering segments and also engaged in the business of selling software products. (Registered Activity) |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1991. It is Pune-based Neilsoft
Limited (NSL) specialist in engineering services and Solution Company.
Promoted by Mr. Ketan Bakshi, company is ISO 9001:2000 and ISO 27001:2005
certified. The ratings derive strength from the long track record of company with
experienced promoters, strong management along with widespread marketing
network and established infrastructure. The ratings further continue to draw support from the reputed and diversified
client base spread across various industries and favourable financial risk
profile marked by comfortable capital structure, negligible debt and healthy
operational activities along with good profitability margins. The ratings, however, constrained by the client concentration risk
along with exchange rate fluctuation risk. Trade relations are reported as fair. Business is active. Payment
terms are regular and as per commitment. In a view of aforesaid, the company can be considered good 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities: A- |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
November 4, 2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities: A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
November 4, 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
31-03-2015.
INFORMATION DENIED
MANAGEMENT NON-COOPERATIVE (Tel No.: 91-20-26053003)
LOCATIONS
|
Registered Office/ Head Quarter : |
Pride Parmar Galaxy, 10/10+A, 8th Floor, Sadhu Vaswani
Chowk, Pune – 411001, Maharashtra, India |
|
Tel. No.: |
91-20-26053003 |
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Fax No.: |
91-20-26131755 |
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E-Mail : |
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Website : |
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Area : |
5000 sq. ft. |
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Location : |
Owned |
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Overseas
Offices: |
Located at: US Office
Europe Office:
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Branch Offices: |
Located at:
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DIRECTORS
As on 31.03.2015
|
Name : |
Mr. Ketan Champaklal Bakshi |
|
Designation : |
Managing Director |
|
Address : |
B-32, Abhimanshree Society, Off Pashan Road, Pune – 411007,
Maharashtra, India |
|
Date of Birth/Age : |
14.05.1956 |
|
Qualification : |
BE Electronics, MS in Computer Science |
|
Date of Appointment : |
24.06.1991 |
|
PAN No.: |
AAHPB4240Q |
|
DIN No.: |
01997656 |
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|
|
|
Name : |
Mrs. Rupa Harish Shah |
|
Designation : |
Director |
|
Address : |
4/11, Visava Heights, D.P. Road, Aundh, Pune – 411007, Maharashtra,
India |
|
Date of Birth/Age : |
14.11.1958 |
|
Qualification : |
CA |
|
Date of Appointment : |
24.06.1991 |
|
PAN No.: |
AAQPS0911A |
|
DIN No.: |
00546087 |
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|
|
|
Name : |
Mr. Chirag Champaklal Bakshi |
|
Designation : |
Director |
|
Address : |
1187, |
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Date of Birth/Age : |
29.02.1960 |
|
Qualification : |
MS in Comp Science, MS in Ele. Engg |
|
Date of Appointment : |
01.06.1999 |
|
DIN No.: |
01997707 |
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|
|
|
Name : |
Mr. Rajan Vasant Vakil |
|
Designation : |
Director |
|
Address : |
11, Vasant Vilas, |
|
Date of Birth/Age : |
11.08.1956 |
|
Qualification : |
M.Com |
|
Date of Appointment : |
16.09.1995 |
|
DIN No.: |
02438267 |
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|
|
|
Name : |
Mr. Samu Devarajan |
|
Designation : |
Director |
|
Address : |
Villa 185, Adarsh Palm, Meadows, Phase I, Whitefield Road, Bangalore - 560066, Karnataka, India |
|
Date of Birth/Age : |
31.10.1954 |
|
Qualification : |
BE |
|
Date of Appointment : |
25.08.2012 |
|
DIN No.: |
00878956 |
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|
|
|
Name : |
Mr. Satyen Patel |
|
Designation : |
Director |
|
Address : |
Lantern House, Knowle Hill, Vigirnia Water GU25 4HZ, UK |
|
Date of Birth/Age : |
20.04.1957 |
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Qualification : |
MBA |
|
Date of Appointment : |
25.01./2011 |
|
DIN No.: |
00044021 |
|
|
|
|
Name : |
Mr. Rajesh Sawhney |
|
Designation : |
Nominee director |
|
Address : |
A/402, The IVY Residential Complex, Sushant Lok-Phase-1, Gurgaon – 122001, Haryana, India |
|
Date of Birth/Age : |
02.02.1966 |
|
Qualification : |
BE |
|
Date of Appointment : |
26.03.2013 |
|
DIN No.: |
01519511 |
KEY EXECUTIVES
|
Name : |
Mr. Tushar Navgire |
|
Designation : |
Secretary |
|
Address : |
17 Kuldeep bungalow, Premnagar Society, Near Nimantran Hotel, Pune- Satara Road, Pune - 411037, Maharashtra, India |
|
Date of Appointment : |
11.09.2014 |
|
PAN No.: |
AJCPN0014E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
SHAREHOLDERS DETAILS FILE ATTACHED
As on 28.07.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
40.19* |
|
Directors or relatives of Directors |
35.14 |
|
Other top fifty shareholders |
24.67 |
|
Total |
100.00 |
Note: 418878 shares held by an NRI, who is also a relative of a Director shown under Foreign Holdings.
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into Provides Specialist engineering services and solutions across a range of engineering segments and also engaged in the business of selling software products. (Registered Activity) |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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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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Facilities : |
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Auditors : |
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Name : |
Deloitte Haskins and Sells Chartered Accountants |
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Address : |
706, 'B' Wing, 7th Floor, ICC Trade Tower,
Senapati Bapat Road, Mumbai, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AACFD4815A |
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Memberships : |
-- |
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Collaborators : |
-- |
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Subsidiary Company
: |
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Fellow
Subsidiaries: |
IT and Factory, AG |
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Investment by Key
Management Personnel: |
Netsophy Private Limited |
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Investment by
Relatives of Key Management Personnel: |
Zumigo Inc |
CAPITAL STRUCTURE
As on 28.07.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
Rs. 10/- each |
Rs.120.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9954722 |
Equity Shares |
Rs. 10/- each |
Rs.99.547
Million |
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|
|
|
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 |
99.547 |
99.547 |
99.547 |
|
(b) Reserves & Surplus |
535.259 |
453.419 |
353.792 |
|
(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) |
634.806 |
552.966 |
453.339 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
4.493 |
0.081 |
0.226 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
20.718 |
17.124 |
|
(d) long-term provisions |
26.746 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
31.239 |
20.799 |
17.350 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
33.385 |
32.733 |
32.906 |
|
(b) Trade payables |
94.717 |
79.521 |
86.341 |
|
(c) Other current liabilities |
24.651 |
21.855 |
10.441 |
|
(d) Short-term provisions |
34.492 |
9.073 |
4.802 |
|
Total
Current Liabilities (4) |
187.245 |
143.182 |
134.490 |
|
|
|
|
|
|
TOTAL |
853.290 |
716.947 |
605.179 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
40.418 |
38.473 |
44.481 |
|
(ii) Intangible Assets |
11.026 |
4.534 |
5.625 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
7.668 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
120.452 |
99.747 |
99.747 |
|
(c) Deferred tax assets (net) |
24.224 |
33.239 |
25.814 |
|
(d) Long-term Loan and Advances |
147.334 |
150.494 |
158.663 |
|
(e) Other Non-current assets |
0.070 |
0.020 |
0.000 |
|
Total
Non-Current Assets |
343.524 |
326.507 |
341.998 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
|
|
|
(b) Inventories |
3.030 |
0.026 |
0.383 |
|
(c) Trade receivables |
109.965 |
208.378 |
194.250 |
|
(d) Cash and cash equivalents |
361.253 |
140.791 |
42.674 |
|
(e) Short-term loans and
advances |
30.165 |
40.140 |
24.693 |
|
(f) Other current assets |
5.353 |
1.105 |
1.181 |
|
Total
Current Assets |
509.766 |
390.440 |
263.181 |
|
|
|
|
|
|
TOTAL |
853.290 |
716.947 |
605.179 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
849.593 |
813.840 |
777.840 |
|
|
|
Other Income |
39.757 |
18.926 |
23.439 |
|
|
|
TOTAL (A) |
889.350 |
832.766 |
801.279 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
132.893 |
134.365 |
136.781 |
|
|
|
Changes in inventories
of finished goods, work-in-progress and stock-in-trade |
(3.004) |
0.357 |
(0.110) |
|
|
|
Employee benefit expense |
438.568 |
415.184 |
416.563 |
|
|
|
Other expenses |
158.259 |
176.899 |
190.238 |
|
|
|
TOTAL (B) |
726.716 |
726.805 |
743.472 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
162.634 |
105.961 |
57.807 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.844 |
3.929 |
7.965 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
159.790 |
102.032 |
49.842 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
11.456 |
9.165 |
16.167 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
148.334 |
92.867 |
33.675 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
49.024 |
(6.760) |
(5.411) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
99.310 |
99.627 |
39.086 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN CURRENCY |
|
|
|
|
|
|
F.O.B. Value of Exports |
639.386 |
598.579 |
NA |
|
|
|
TOTAL
EARNINGS |
639.386 |
598.579 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
Capital Goods |
0.026 |
0.079 |
NA |
|
|
|
TOTAL
IMPORTS |
0.026 |
0.079 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.98 |
10.01 |
3.93 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
8.985 |
0.148 |
0.131 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
103.148 |
65.095 |
|
Net cash flow from operating activity |
NA |
96.518 |
46.550 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
11.69 |
12.24 |
5.02 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
19.14 |
13.02 |
7.43 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
20.93 |
15.90 |
7.14 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23 |
0.17 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.07 |
0.06 |
0.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.72 |
2.73 |
1.96 |
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 |
99.547 |
99.547 |
99.547 |
|
Reserves & Surplus |
353.792 |
453.419 |
535.259 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
453.339 |
552.966 |
634.806 |
|
|
|
|
|
|
long-term borrowings |
0.226 |
0.081 |
4.493 |
|
Short term borrowings |
32.906 |
32.733 |
33.385 |
|
Current Maturities of
Long-Term Debts |
0.131 |
0.148 |
8.985 |
|
Total
borrowings |
33.263 |
32.962 |
46.863 |
|
Debt/Equity
ratio |
0.073 |
0.060 |
0.074 |
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 |
777.840 |
813.840 |
849.593 |
|
|
|
4.628 |
4.393 |
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 |
777.840 |
813.840 |
849.593 |
|
Profit |
39.086 |
99.627 |
99.310 |
|
|
5.02% |
12.24% |
11.69% |
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 |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
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 |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
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 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 |
Yes |
|
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:
The Registered office of the company has been
shifted from 1108, Saket Off Ganeshkhind Road, Model Colony, Pune – 411016,
Maharashtra, India to the present address
w.e.f. 12.07.2007
CORPORATE
INFORMATION:
The Company, along with its subsidiaries in USA, Germany and branch located in UK provides Software engineering services to its clients. The Company provides specialist engineering services and solutions across a range of engineering segments. The Company is headquartered in Pune (India) and serves clients across USA, Europe, Middle East, Asia Pacific and India. The Company is also engaged in the business of selling software products.
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10450592 |
23/09/2013 |
20,000,000.00 |
KOTAK MAHINDRA
BANK LIMITED |
36-38A, NARIMAN
BHAVAN, 227,D, NARIMAN POINT,, M |
B85562478 |
|
2 |
10022567 |
21/02/2014 * |
100,000,000.00 |
CENTRAL BANK OF
INDIA |
104/105, 1st
Floor, 927 F.C.ROAD, SHIVAJINAGAR, |
B98825946 |
FIXED ASSETS
· Land
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipment
· Other equipment
· 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.66.64 |
|
|
1 |
Rs.99.61 |
|
Euro |
1 |
Rs.72.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KSH |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
54 |
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.