MIRA INFORM REPORT
|
Report No. : |
357227 |
|
Report Date : |
28.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
INSIGHT PRINT COMMUNICATIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2, Vakil Industrial Estate , 2nd Floor, Walbhat Road , Goregaon
(East), Mumbai-400063, Maharashtra |
|
Tel. No.: |
91-22-61123400 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
17.03.2007 |
|
|
|
|
Com. Reg. No.: |
11-197670 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 6.320 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22219MH2007PTC197670 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEI05115F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCI6530P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Dealer and Distributor of Printing Machines and Equipments. (Indirect
Sources). |
|
|
|
|
No. of Employees
: |
Information declined by Management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. As per Registrar of Companies, the date of balance sheet (i.e.
financial filed) is shown as 31.03.2015 but the documents related to the
financials are not available from any source. However, as per 2014 financial, the company possesses decent financial
profile marked by fair profit margin, sufficient networth base and low debt
balance sheet profile of the company. Further, trade relations are reported as fair. Business is active.
Payments are reported to be usually correct. In view of aforesaid, the company can be considered 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
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
31-03-2015.
INFORMATION DECLINED BY
|
Name : |
Mr. Raju |
|
Designation : |
Export Import Manager |
|
Contact No.: |
91-22-61123400 |
|
Date : |
26.12.2015 |
LOCATIONS
|
Registered Office : |
2, Vakil Industrial Estate , 2nd Floor, Walbhat Road , Goregaon
(East), Mumbai-400063, Maharashtra, India |
|
Tel. No.: |
91-22-61123400 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
Corporate
Office :
|
S-6, 1st Floor, Okhla Industrial Area, Phase-II, New
Delhi- 110020, India |
|
Tel. No.: |
91-11-30882442 |
|
|
|
|
Regional Offices : |
Located at: · Pune · Chennai · Kolkata · Bangalore · Kochi · Hyderabad ·
Ahmedabad |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Ms. Angelo Tadeu Bartolomeu Fernandes |
|
Designation : |
Director |
|
Address : |
Plot No. 60 , Shivshankar Girija
Co-Operative Housing Society, Kondhwa Khurd, Pune-411048, Maharashtra, India |
|
Date of Birth/Age : |
14.08.1956 |
|
Date of Appointment : |
17.03.2007 |
|
DIN No.: |
00547648 |
|
|
|
|
Name : |
Mr. Nehchalraj Singh Hardarshansingh Ahluwalia |
|
Designation : |
Director |
|
Address : |
Plot No. 59 , Shivshankar Girija Co-Operative Housing Society, Kondhwa Khurd, Pune-411048,
Maharashtra, India |
|
Date of Birth/Age : |
16.01.1952 |
|
Date of Appointment : |
12.09.2008 |
|
DIN No.: |
00550396 |
|
|
|
|
Name : |
Mr. Nitin Dinkar Palekar |
|
Designation : |
Director |
|
Address : |
B - 27 Nikash Skies, Someshwar Wadi, Off
Baner Road, Pune-411008, Maharashtra, India |
|
Date of Birth/Age : |
25.05.1957 |
|
Date of Appointment : |
12.09.2008 |
|
DIN No.: |
00551282 |
|
|
|
|
Name : |
Mr. Ajay Radhakrishan Aggarwal |
|
Designation : |
Director |
|
Address : |
G - 268, Sarita Vihar, New Delhi-110044, Delhi, India |
|
Date of Birth/Age : |
18.09.1969 |
|
Date of Appointment : |
20.03.2007 |
|
DIN No.: |
00563485 |
|
|
|
|
Name : |
Mr. Ravinder Singh Meharban Singh Dugal |
|
Designation : |
Director |
|
Address : |
701 Crystel Avenue , A Wing , 7th Floor,
Dattani Park, Thakur Village, Kandivali (East), Mumbai-400101, Maharashtra,
India |
|
Date of Birth/Age : |
15.10.1956 |
|
Date of Appointment : |
17.03.2007 |
|
DIN No.: |
01177141 |
|
|
|
|
Name : |
Mr. Ashish Vishnu Save |
|
Designation : |
Director |
|
Address : |
A 202/ Ridhi Shri Appartment, Phool Pada Road, Virar (East) Thane,
Mumbai- 401305, Maharashtra, India |
|
Date of Birth/Age : |
19.02.1974 |
|
Date of Appointment : |
29.07.2013 |
|
DIN No.: |
06629928 |
|
|
|
|
Name : |
Mr. Mathew George Kannamala |
|
Designation : |
Director |
|
Address : |
Door No. 5, No. 29, Kamakoti Kripa, North
Avenue,, Srinagar Colony, B/H Saidapet Court, Chennai-600015, Tamilnadu,
India |
|
Date of Birth/Age : |
27.05.1968 |
|
Date of Appointment : |
29.07.2013 |
|
DIN No.: |
06643659 |
KEY EXECUTIVES
|
Name : |
Mr. Raju |
|
Designation : |
Export Import Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2015
|
Names of Shareholders |
|
No. of Shares |
|
Ravinder Singh Dugal |
|
158000 |
|
Angelo Tadeu Bartolomeu Fernandes |
|
158000 |
|
Nehchalraj Singh Ahluwalia |
|
158000 |
|
Ajay Radhakrishan Aggarwal |
|
158000 |
|
Total |
|
632000 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer and Distributor of Printing Machines and Equipments. (Indirect
Sources). |
|
|
|
|
Brand Names : |
· Kodak · Komori · HP · Onyx · SOMA Engineering |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
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 Management |
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Bankers : |
· ICICI Bank Limited |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
ASL and Company Chartered Accountants |
|
Address : |
302, Eco Space, Off Old Nagardas Road, Mogra Village, Andheri (East), Mumbai-400069,
Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFC1257B |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Other Related Parties : |
· Reality Information Systems Private Limited · Picatype Systems Private Limited · Media Wide Labs Private Limited · Insight Communication and Print Solution India Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
632,000 |
Equity Shares |
Rs. 10/- each |
Rs. 6.320
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 |
6.320 |
6.320 |
6.320 |
|
(b) Reserves & Surplus |
214.417 |
193.058 |
170.189 |
|
(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) |
220.737 |
199.378 |
176.509 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
1.067 |
1.829 |
1.137 |
|
(b) Deferred tax liabilities (Net) |
6.612 |
7.817 |
7.044 |
|
(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) |
7.679 |
9.646 |
8.181 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
168.968 |
133.425 |
148.627 |
|
(c)
Other current liabilities |
45.509 |
22.677 |
11.673 |
|
(d)
Short-term provisions |
10.888 |
14.919 |
13.713 |
|
Total
Current Liabilities (4) |
225.365 |
171.021 |
174.013 |
|
|
|
|
|
|
TOTAL |
453.781 |
380.045 |
358.703 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
35.149 |
27.994 |
17.714 |
|
(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 |
66.777 |
36.671 |
42.332 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
51.806 |
42.350 |
36.333 |
|
(e)
Other Non-current assets |
4.885 |
4.540 |
4.246 |
|
Total
Non-Current Assets |
158.617 |
111.555 |
100.625 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
126.757 |
100.534 |
83.265 |
|
(c)
Trade receivables |
160.863 |
163.764 |
148.429 |
|
(d)
Cash and cash equivalents |
0.078 |
0.116 |
22.414 |
|
(e)
Short-term loans and advances |
7.466 |
4.076 |
3.939 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.031 |
|
Total
Current Assets |
295.164 |
268.490 |
258.078 |
|
|
|
|
|
|
TOTAL |
453.781 |
380.045 |
358.703 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
843.740 |
767.064 |
738.588 |
|
|
|
Other Income |
16.266 |
8.451 |
21.518 |
|
|
|
TOTAL |
860.006 |
775.515 |
760.106 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
824.288 |
737.499 |
722.340 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
35.718 |
38.016 |
37.766 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.292 |
3.338 |
3.276 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
30.426 |
34.678 |
34.490 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
9.066 |
11.810 |
12.256 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
21.360 |
22.868 |
22.234 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
190.827 |
167.959 |
155.300 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transferred to General Reserve |
0.000 |
0.000 |
2.230 |
|
|
|
Interim Dividend on Equity
Shares |
0.000 |
0.000 |
6.320 |
|
|
|
Tax on Dividend |
0.000 |
0.000 |
1.025 |
|
|
BALANCE CARRIED
TO THE B/S |
212.187 |
190.827 |
167.959 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Commission Received |
1.454 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
33.80 |
36.18 |
35.18 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.253 |
0.231 |
0.383 |
|
|
|
|
|
|
Cash Generated from Operations |
54.298 |
(11.964) |
55.999 |
|
|
|
|
|
|
Net Cash Flow Operating Activities |
39.629 |
(17.373) |
43.463 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.53 |
2.98 |
3.01 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.86 |
10.10 |
10.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.17 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.01 |
0.01 |
0.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.31 |
1.57 |
1.48 |
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 |
6.320 |
6.320 |
6.320 |
|
Reserves & Surplus |
170.189 |
193.058 |
214.417 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
176.509 |
199.378 |
220.737 |
|
|
|
|
|
|
Long-term borrowings |
1.137 |
1.829 |
1.067 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
0.383 |
0.231 |
0.253 |
|
Total
borrowings |
1.520 |
2.060 |
1.320 |
|
Debt/Equity
ratio |
0.009 |
0.010 |
0.006 |
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 |
738.588 |
767.064 |
843.740 |
|
|
|
3.855 |
9.996 |
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 |
738.588 |
767.064 |
843.740 |
|
Profit |
22.234 |
22.868 |
21.360 |
|
|
3.01% |
2.98% |
2.53% |
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 |
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 |
No |
|
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 |
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
Counter Guarantee given to Bank against guarantee given by them (Secured by Deposit in the name of the respective party) |
3.808 |
1.700 |
|
Demand raised by Commercial Tax Officer, Chennai for year 2006-2007. Contested in appeal |
3.707 |
3.707 |
|
Demand raised by Additional Commissioner of Custom, Nhava Sheva, Dist.
Raigad, MH. (Demand supported by Deposit) Contested in appeal |
0.111 |
0.111 |
|
Demand raised by Value Added Tax Officer, Delhi for year 2008-09. Contested in appeal |
1.443 |
1.443 |
|
Demand raised by Asst. Commissioner (C.T.) of Commercial Taxes Dept.,
Abids Division, Hyderabad Contested in appeal |
32.712 |
0.000 |
|
Total |
41.781 |
6.961 |
FIXED ASSETS:
Tangible Assets
·
Freehold Land
·
Warehouse
·
Air Conditioner
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer
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. 66.20 |
|
|
1 |
Rs. 98.30 |
|
Euro |
1 |
Rs. 72.41 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
IND |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.