MIRA INFORM REPORT
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Report No. : |
307603 |
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Report Date : |
14.02.2015 |
IDENTIFICATION DETAILS
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Name : |
BLUECHIP FINTECH SOLUTIONS AND INNOVATIONS PRIVATE LIMITED |
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Registered
Office : |
Flat No. 104, Plot No. 62, GES Sector 50 Nerul, Navi Mumbai – 400706,
Maharashtra |
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Country : |
India |
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Financials (as
on) : |
-- |
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Date of
Incorporation : |
11.12.2013 |
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Com. Reg. No.: |
11-250928 |
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Capital Investment
/ Paid-up Capital : |
Rs. 0.100 Million |
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CIN No.: [Company Identification
No.] |
U72900MH2013PTC250928 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMB23529C |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing Innovative Solutions for Banks, Financial Services and Insurance Companies. |
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No. of Employees
: |
12 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (26) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Relatively New Business |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively new company establishing itself gradually. Management has filed Form 20B depicting annual return for FY14,
whereas has failed to file any other documents for the same year with the
statutory authorities. Mr. Anirudha M. Modak, the director provided information and claimed
that the management has reported an acceptable revenue base during FY14 from
its nascence operations which is not verified and is provided for your
reference. However, business is active. Payment terms are unknown. In view of lack of requisite information, the company can be
considered for business dealings with great 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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Anirudha Meghshyam Modak |
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Designation : |
Director |
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Contact No.: |
91-9867002951 |
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Date : |
12.02.2014 |
LOCATIONS
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Registered Office : |
Flat No. 104, Plot No. 62, GES Sector 50 Nerul, Navi Mumbai – 400706,
Maharashtra, India |
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Tel. No.: |
91-22-26654039 |
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Mobile No.: |
91-9920455811 (Mr. Amit Dilip Patil) 91-9867002951 (Mr. Anirudha Meghshyam Modak) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Development Center : |
Office 127, 1st Floor Ashar Enclave, Kolshet Road, Thane,
Mumbai – 400607, |
DIRECTORS
AS ON 30.09.2014
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Name : |
Mr. Amit Dilip Patil |
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Designation : |
Director |
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Address : |
Flat No. A - 302, Plot No. 3:3, Simran CHS, Sector 28, Nerul, Navi Mumbai - 400706, Maharashtra, India |
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Date of Birth/Age : |
04.02.1975 |
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Date of Appointment : |
11.12.2013 |
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DIN No.: |
06733800 |
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Name : |
Mr. Anirudha Meghshyam Modak |
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Designation : |
Director |
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Address : |
15, Jaishiv Ganga Society, Near Mayur Colony, Kothrud, Pune - 411029, Maharashtra, India |
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Date of Birth/Age : |
08.11.1967 |
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Date of Appointment : |
11.12.2013 |
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DIN No.: |
06733809 |
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Name : |
Mr. Prakash Wasudev Seernani |
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Designation : |
Director |
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Address : |
Flat No. 102, Wing A, Angan Thakur Village, Kanakias Angan Samata Nagar Kandivli (East), Mumbai - 400101, Maharashtra, India |
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Date of Birth/Age : |
20.01.1963 |
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Date of Appointment : |
11.12.2013 |
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DIN No.: |
06733815 |
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Name : |
Mr. Rajish Rajan |
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Designation : |
Director |
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Address : |
A2-702, Clover, Mohan Pride, Wayale Nagar, Khadakpada, Kalyan [West], Thane - 421301, Maharashtra, India |
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Date of Birth/Age : |
22.09.1978 |
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Date of Appointment : |
11.12.2013 |
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DIN No.: |
06733826 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 02.12.2013
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Names of Shareholders |
No. of Shares |
Percentage of Holding |
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Amit Dilip Patil |
2000 |
20.00 |
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Anirudha Meghshyam Modak |
4000 |
40.00 |
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Prakash Wasudev Seernani |
3000 |
30.00 |
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Rajish Rajan |
1000 |
10.00 |
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Total |
10000 |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Providing Innovative Solutions for Banks, Financial Services and Insurance Companies. |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
-- |
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Countries : |
-- |
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Imports : |
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Products : |
-- |
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Countries : |
-- |
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Terms : |
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Selling : |
Cash |
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Purchasing : |
Cash |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users and OEMs
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No. of Employees : |
12 (Approximately) |
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Bankers : |
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Facilities : |
-- |
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Banking Relations
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-- |
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Auditors : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100 Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
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PARTICULARS |
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31.03.2014 |
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Sales Turnover (Approximately) |
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20.000 |
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Expected Sales (2014-2015): Rs. 40.000 Millions
The above information has been parted by Mr. Anirudha Meghshyam
Modak [Director]
LOCAL AGENCY FURTHER INFORMATION
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Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
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2] |
Locality of the firm |
Yes |
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3] |
Constitutions of the firm |
Yes |
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4] |
Premises details |
No |
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5] |
Type of Business |
Yes |
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6] |
Line of Business |
Yes |
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7] |
Promoter's background |
Yes |
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8] |
No. of employees |
Yes |
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9] |
Name of person contacted |
Yes |
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10] |
Designation of contact
person |
Yes |
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11] |
Turnover of firm for last
one year |
Yes |
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12] |
Profitability for last
one year |
No |
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13] |
Reasons for variation
<> 20% |
-- |
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14] |
Estimation for coming
financial year |
Yes |
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15] |
Capital in the business |
Yes |
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16] |
Details of sister
concerns |
No |
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17] |
Major suppliers |
No |
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18] |
Major customers |
Yes |
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19] |
Payments terms |
Yes |
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20] |
Export / Import details
(if applicable) |
No |
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21] |
Market information |
-- |
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22] |
Litigations that the firm
/ promoter involved in |
-- |
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23] |
Banking Details |
Yes |
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24] |
Banking facility details |
No |
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25] |
Conduct of the banking
account |
-- |
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26] |
Buyer visit details |
-- |
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27] |
Financials, if provided |
No |
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28] |
Incorporation details, if
applicable |
Yes |
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29] |
Last accounts filed at
ROC |
No |
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30] |
Major Shareholders, if
available |
Yes |
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31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
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32] |
PAN of
Proprietor/Partner/Director, if available |
No |
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33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
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34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
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. 62.14 |
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|
1 |
Rs. 95.78 |
|
Euro |
1 |
Rs. 71.05 |
INFORMATION DETAILS
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Information Gathered
by : |
PPT |
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
2 |
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FINANCIAL CONDITION |
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|
--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILITY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
|
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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DEFAULTER |
|
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--RBI |
YES/NO |
NO |
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--EPF |
YES/NO |
NO |
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TOTAL |
|
26 |
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.