MIRA INFORM REPORT
|
Report No. : |
308140 |
|
Report Date : |
16.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
CONVENTUS TECHNOLOGIES PRIVATE LIMITED |
|
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Registered
Office : |
A-502, Skyline Epitome, Plot No.3, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
23.12.2009 |
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Com. Reg. No.: |
11-198073 |
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Capital
Investment / Paid-up Capital : |
Rs.5.000 millions |
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CIN No.: [Company Identification
No.] |
U74990MH2009PTC198073 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction & Collection
Account No.] |
MUMC17272D |
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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
: |
Trader and Dealer of Computers, Computer Peripherals and Hardware Products,
they also provide Networking Solutions. |
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|
No. of Employees
: |
32 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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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. Management of the
company has failed to file its latest financial for the year 2014 with the
Government Department. As per available
financial of 2013, reserves of the company seems to be low. However, trade
relations are fair. Business is active. Payment terms are reported to be slow
but correct. The company can
be considered for small business dealings 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.
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 (GENERAL DETAILS)
|
Name : |
Ms. Veena |
|
Designation : |
Sales and Admin Executive |
|
Contact No.: |
91-22-25103379 |
|
Date : |
14.02.2015 |
LOCATIONS
|
Registered Office/ Head Quarter : |
A-502, Skyline Epitome, Plot No.3, Kirol Road, Near Jolly Gymkhana,
Vidyavihar (West), Mumbai – 400 086, Maharashtra, India |
|
Tel. No.: |
91-22-25103378-81 |
|
Mobile No.: |
91-9594996806 (Mr. Ganesh Pandurang Mestry) |
|
Fax No.: |
91-22-25103381 |
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E-Mail : |
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Website : |
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Location : |
Owned |
|
|
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|
Corporate Office : |
A-304, 305, 306, Sagar Tech Plaza, Andheri Kurla Road, Sakinaka
Junction, Andheri (East), Mumbai – 400 072, Maharashtra, India |
|
Tel. No.: |
91-22-28503232/ 3434 |
|
Fax No.: |
91-22-28503636 |
|
Area : |
3500 sq. ft. |
|
Location : |
Rented |
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|
Branch Office 1: |
Ashok Sankul-1, Ashok Co-operative Housing Society, 2nd
Floor, Plot No-18, Ganeshkhind Road, Range Hill Corner, University Road, Pune
– 411 007, Maharashtra, India |
|
Tel. No.: |
91-20-25561006 |
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|
|
Branch Office 2: |
14, Sona Arcade, Opposite Passport Office, Station Road, Hyderabad – 500 003, Telangana, India |
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Tel. No.: |
91-40-30547083 |
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E-Mail : |
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Warehouse : |
Flat No.4, Plot No.122-123, Sankalpa Siddhi Housing Society Limited, Sector-10, New Panvel (East), Navi Mumbai – 410 206, Maharashtra, India |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Sunil Prabhakar Tolamatti |
|
Designation : |
Director |
|
Address : |
Classic Pearl, Flat 201, Sector – 12, New Panvel (East), Raigad, Navi
Mumbai – 410 216, Maharashtra, India |
|
Date of Birth/Age : |
08.12.1969 |
|
Date of Appointment : |
01.01.2010 |
|
DIN No. : |
02830899 |
|
|
|
|
Name : |
Mr. Rajesh Ram Shetty |
|
Designation : |
Director |
|
Address : |
703, Windsea Building, Shanti Ashram, Behind Bus Depot, Borivali
(West), Mumbai – 400 103, Maharashtra, India |
|
Date of Birth/Age : |
16.09.1971 |
|
Date of Appointment : |
23.12.2009 |
|
DIN No. : |
02830947 |
|
|
|
|
Name : |
Mr. Ganesh Pandurang Mestry |
|
Designation : |
Director |
|
Address : |
48/1625, Parnakutir, Subhash Nagar, Chembur (East), Mumbai – 400 071,
Maharashtra, India |
|
Date of Birth/Age : |
20.06.1973 |
|
Date of Appointment : |
23.12.2009 |
|
DIN No. : |
02830990 |
KEY EXECUTIVES
|
Name : |
Ms. Veena |
|
Designation : |
Sales and Admin Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Ganesh Pandurang Mestry |
|
16666 |
|
Rajesh Ram Shetty |
|
16667 |
|
Sunil Prabhakar Tolamatti |
|
16667 |
|
Total |
|
50000 |
AS ON 20.08.2014
|
Names of Aloottees |
|
No. of Shares |
|
Ganesh Pandurang Mestry |
|
8334 |
|
Rajesh Ram Shetty |
|
8333 |
|
Sunil Prabhakar Tolamatti |
|
8333 |
|
Total |
|
25000 |
AS ON 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Dealer of Computers, Computer Peripherals and Hardware
Products, they also provide Networking Solutions. |
|
|
|
|
Products : |
·
Computers ·
Computer Peripherals |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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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
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Suppliers : |
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Customers : |
End Users
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No. of Employees : |
32 (Approximately) |
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Bankers : |
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Facilities : |
Note : Cash credit facility from Union Bank of India is secured by stock and
debtors and against collateral security of various residential properties. Cash credits are also guaranteed by the directors of the company. Duration of the loan is 12 months (subject to renewal) and rate of
interest is 14.75% p.a. |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Pakhle and Phatak Chartered Accountants |
|
Address : |
107, Vasudeo-Laxmi CHS., Above Satkar Hotel, Near Madhuban Talkies, Kelkar Cross Lane, Dombivali (East), Thane – 421 201, Maharashtra, India |
|
Tel. No. : |
91-251-2861965 |
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Mobile No. : |
91-9920043725/ 9769041602 |
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E-Mail : |
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Website : |
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PAN
No.: |
AAMFP8123B |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AFTER 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
75000 |
Equity Shares |
Rs.100/- each |
Rs.7.500 millions |
|
|
|
|
|
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000 millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)
Shareholders' Funds |
|
|
|
|
(a) Share Capital |
5.000 |
5.000 |
1.000 |
|
(b) Reserves & Surplus |
4.383 |
1.926 |
0.554 |
|
(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) |
9.383 |
6.926 |
1.554 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
1.243 |
1.278 |
7.629 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
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) |
1.243 |
1.278 |
7.629 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
5.011 |
7.848 |
7.311 |
|
(b) Trade payables |
22.974 |
11.553 |
10.249 |
|
(c) Other current
liabilities |
5.018 |
4.385 |
0.470 |
|
(d) Short-term provisions |
2.708 |
0.936 |
0.643 |
|
Total Current Liabilities (4) |
35.711 |
24.722 |
18.673 |
|
|
|
|
|
|
TOTAL |
46.337 |
32.926 |
27.856 |
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1.970 |
2.327 |
2.955 |
|
(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) |
0.060 |
0.025 |
-0.019 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.007 |
0.008 |
0.008 |
|
Total Non-Current Assets |
2.037 |
2.360 |
2.944 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
12.451 |
4.394 |
2.601 |
|
(c) Trade receivables |
19.816 |
21.829 |
19.992 |
|
(d) Cash and cash
equivalents |
2.121 |
0.803 |
0.203 |
|
(e) Short-term loans and
advances |
2.766 |
0.391 |
0.032 |
|
(f) Other current assets |
7.146 |
3.149 |
2.084 |
|
Total Current Assets |
44.300 |
30.566 |
24.912 |
|
|
|
|
|
|
TOTAL |
46.337 |
32.926 |
27.856 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
87.927 |
72.503 |
37.416 |
|
|
|
Other Income |
|
0.450 |
0.006 |
|
|
|
TOTAL (A) |
87.927 |
72.953 |
37.422 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
83.904 |
54.914 |
28.598 |
|
|
|
Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
|
(1.793) |
(2.601) |
|
|
|
Employee benefit expenses |
|
8.484 |
4.779 |
|
|
|
Other Expenses |
|
7.267 |
4.919 |
|
|
|
TOTAL (B) |
83.904 (Including
financial expenses) |
68.872 |
35.695 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
|
4.081 |
1.727 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
1.412 |
0.258 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
4.023 |
2.669 |
1.469 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.509 |
0.654 |
0.722 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
3.514 |
2.015 |
0.747 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.056 |
0.668 |
0.247 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
2.458 |
1.347 |
0.500 |
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
49.16 |
26.94 |
50.01 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
NA |
1.86 |
1.34 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/ Sales) |
(%) |
NA |
5.63 |
4.62 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.59 |
6.12 |
2.68 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.37 |
0.29 |
0.48 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.67 |
1.32 |
9.61 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.24 |
1.24 |
1.33 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
1.000 |
5.000 |
5.000 |
|
Reserves & Surplus |
0.554 |
1.926 |
4.383 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
1.554 |
6.926 |
9.383 |
|
|
|
|
|
|
Long Term borrowings |
7.629 |
1.278 |
1.243 |
|
Short Term borrowings |
7.311 |
7.848 |
5.011 |
|
Total borrowings |
14.940 |
9.126 |
6.254 |
|
Debt/Equity ratio |
9.614 |
1.318 |
0.667 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Total Income |
37.422 |
72.953 |
87.927 |
|
|
|
94.947 |
20.526 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR) |
(INR) |
(INR) |
|
Total Income |
37.422 |
72.953 |
87.927 |
|
Profit |
0.500 |
1.347 |
2.458 |
|
|
1.34% |
1.85% |
2.80% |
LOCAL AGENCY FURTHER INFORMATION
NOTE: Current
Maturities of Long Term Debts is Not Available.
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
NOTE:
The registered office of the company has been shifted from A-205, Varad Vinayak Complex, Plot No.4,
Sector-5, Navin Panvel (East), Navi Mumbai – 410 206, Maharashtra to the
present address w.e.f. 10.11.2012.
UNSECURED LOAN
|
PARTICULAR |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG TERM
BORROWING |
|
|
|
Loans and Advances from related parties |
1.243 |
1.278 |
|
Total |
1.243 |
1.278 |
NOTE:
Unsecured loans are from directors of the company. These are
interest free loans
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10324880 |
22/02/2013 * |
7,500,000.00 |
UNION BANK OF INDIA |
SAKI NAKA BRANCH, MITTAL
INDUSTRIAL ESTATE, SANJAY BUILDING NO.2, ANDHERI KURLA ROAD, ANDHERI (EAST),
MUMBAI, MAHARASHTRA - 400059, INDIA |
B70628375 |
|
2 |
10233500 |
03/09/2014 * |
27,500,000.00 |
UNION BANK OF INDIA |
SAKI NAKA BRANCH, MITTAL
INDUSTRIAL ESTATE, SANJAY BUILDING NO.2, ANDHERI KURLA ROAD, ANDHERI (EAST),
MUMBAI, MAHARASHTRA - 400059, INDIA |
C21406251 |
* Date of charge modification
FIXED ASSETS
· Computer and Accessories
Plant
and Machinery
Furniture
and Fixtures
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 |
|
|
1 |
Rs.95.78 |
|
Euro |
1 |
Rs.71.05 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
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 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
-- PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--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 |
|
27 |
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.