MIRA INFORM REPORT
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Report No. : |
309785 |
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Report Date : |
27.02.2015 |
IDENTIFICATION DETAILS
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Name : |
ESDS SOFTWARE
SOLUTION PRIVATE LIMITED |
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Registered
Office : |
Plot No.B-24 and 25, Nice Industrial Area, MIDC, Satpur, Nashik –
422007, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of Incorporation
: |
18.08.2005 |
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Com. Reg. No.: |
11-155433 |
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Capital
Investment / Paid-up Capital : |
Rs.49.600 Million |
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CIN No.: [Company Identification
No.] |
U72200MH2005PTC155433 |
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TIN No.: |
Not Available |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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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
: |
Subject is engaged in providing IT enabled services (web hosting services, technical support services, data center setup and consulting services) and supply of IT enabled products closely connected with the rendering of the IT enabled services. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (42) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 590000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Profitability of the company has declined during 2014. However, the rating takes into consideration company’s established
position in providing hosting, network and managed information technology
(IT) infrastructure related services supported by above average financial
risk profile and sound liquidity position of the company. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. The company can be considered for business dealings at usual trade
terms and condition. |
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
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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
|
Rating Agency Name |
CRISIL |
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Rating |
Long Term Rating = BB |
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Rating Explanation |
Inadequate credit quality and high credit risk |
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Date |
27.11.2014 |
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
31-03-2014.
LOCATIONS
|
Registered Office / Corporate Office : |
Plot No.B-24 and 25, Nice Industrial Area, MIDC, Satpur, Nashik –
422007, Maharashtra, India |
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Tel. No.: |
91-253-6636500 |
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Toll Free Number : |
1800-129-3006 |
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Mobile No.: |
91-8750055110 (Mr. Ranji Singh) |
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Fax No.: |
91-9595247247 |
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E-Mail : |
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Website : |
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Branch Offices : |
Located at: · Delhi · Mumbai · Pune · Surat · Bangalore |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Piyush Prakashchandra Somani
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Designation : |
Director |
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Address : |
32, Neha Bungalow Cherry Hill, Pipe Line Road, Nashik – 422013,
Maharashtra, India |
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Date of Birth/Age : |
09.06.1979 |
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Date of Appointment : |
18.08.2005 |
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DIN No.: |
02357582 |
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Other Directorship:
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Name : |
Mrs. Sarla Prakashchandra Somani |
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Designation : |
Director |
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Address : |
32, Neha Bungalow Cherry Hill, Pipe Line Road, Nashik – 422013,
Maharashtra, India |
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Date of Birth/Age : |
03.11.1957 |
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Date of Appointment : |
18.08.2005 |
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DIN No.: |
02357805 |
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Other Directorship:
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MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Piyush Prakashchandra Somani |
2480000 |
50.00 |
|
Sarla Prakashchandra Somani |
2480000 |
50.00 |
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Total |
4960000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in providing IT enabled services (web hosting services, technical support services, data center setup and consulting services) and supply of IT enabled products closely connected with the rendering of the IT enabled services. |
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Products : |
-- |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Not Available |
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Purchasing : |
Not Available |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
Note: Long Term Borrowings a) Term loan from bank amounting to Rs.64.000 Million (2013: Rs.80.000 Million) carrying interest rate of 13.5% p. a. is repayable within 20 quarterly installments. The same is secured by first charge on immovable property (comprising land and building). b) Term loan from financial institution amounting to Rs.45.500 Million (2013: Rs.29.932 Million) carrying interest rate of 16% is repayable within 48 monthly installments with the repayment schedule from 10 October 2015. Term loan from financial institution amounting to Rs.36.000 Million (2013: Rs. Nil) carrying interest rate of 12.5% p. a. is repayable within 54 (2013: Nil) monthly installments (with the moratorium period of 6 months). Both the loans above loans are secured by first charge on the assets financed. c) Vehicle loans carry interest rates ranging from 11 % p.a. to 12% p. a. and are secured against hypothecation of vehicles financed under the loan, The number of monthly installments payable are between 12 to 48 (2013: 36 to 60) from the reporting date. Short Term Borrowings Working capital loans from carry interest
of 13% and is repayable on demand. |
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Auditors : |
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Name : |
BBSR and Company Chartered Accountants |
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Address : |
703, 7th Floor, Godrej Castlemaine Next to Ruby Hall Clinic
Bund Garden Road, Pune – 411001, Maharashtra, India |
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PAN No.: |
AAKFB4397F |
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Tel No.: |
91-20-30504000 |
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Fax No.: |
91-20-30504100 |
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PAN No.: |
AAKFB4397F |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associate Companies
: |
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Enterprises over
which key management personnel exercise significant influence: |
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CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
4960000 |
Equity Shares |
Rs.10/- each |
Rs.49.600
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 |
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(1)Shareholders' Funds |
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(a) Share Capital |
49.600 |
49.600 |
0.200 |
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(b) Reserves & Surplus |
158.397 |
154.252 |
178.421 |
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(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
207.997 |
203.852 |
178.621 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
154.821 |
115.730 |
77.639 |
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(b) Deferred tax liabilities (Net) |
1.014 |
0.696 |
3.708 |
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(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
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(d) long-term
provisions |
4.536 |
3.983 |
2.753 |
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Total Non-current
Liabilities (3) |
160.371 |
120.409 |
84.100 |
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(4)
Current Liabilities |
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(a) Short
term borrowings |
17.653 |
0.000 |
15.000 |
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(b) Trade payables |
36.979 |
55.341 |
8.510 |
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(c) Other
current liabilities |
69.048 |
60.109 |
39.343 |
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(d) Short-term
provisions |
2.189 |
1.806 |
2.706 |
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Total Current
Liabilities (4) |
125.869 |
117.256 |
65.559 |
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TOTAL |
494.237 |
441.517 |
328.280 |
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II.
ASSETS |
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(1)
Non-current assets |
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(a) Fixed
Assets |
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(i)
Tangible assets |
183.015 |
162.433 |
147.112 |
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(ii)
Intangible Assets |
5.638 |
7.771 |
9.903 |
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(iii)
Capital work-in-progress |
13.898 |
13.360 |
0.000 |
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(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
0.090 |
0.215 |
0.090 |
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(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
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(d) Long-term Loan and Advances |
126.588 |
87.183 |
32.567 |
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(e) Other
Non-current assets |
8.669 |
4.001 |
2.702 |
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Total Non-Current
Assets |
337.898 |
274.963 |
192.374 |
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(2)
Current assets |
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(a)
Current investments |
0.000 |
0.000 |
0.000 |
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(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
104.178 |
130.782 |
79.807 |
|
(d) Cash
and cash equivalents |
7.655 |
20.185 |
15.161 |
|
(e)
Short-term loans and advances |
35.715 |
11.843 |
40.435 |
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(f) Other
current assets |
8.791 |
3.744 |
0.503 |
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Total
Current Assets |
156.339 |
166.554 |
135.906 |
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|
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TOTAL |
494.237 |
441.517 |
328.280 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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SALES |
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Income |
345.247 |
297.058 |
280.102 |
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Other Income |
32.498 |
7.476 |
3.152 |
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TOTAL (A) |
377.745 |
304.534 |
283.254 |
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Less |
EXPENSES |
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Employee Benefit Expenses |
95.779 |
95.230 |
71.486 |
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Operating and other Expenses |
200.492 |
127.673 |
146.770 |
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TOTAL (B) |
296.271 |
222.903 |
218.256 |
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PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
81.474 |
81.631 |
64.998 |
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Less |
FINANCIAL
EXPENSES (D) |
29.314 |
16.594 |
4.130 |
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PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
52.160 |
65.037 |
60.868 |
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Less |
DEPRECIATION/
AMORTISATION (F) |
40.730 |
27.354 |
22.178 |
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PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
11.430 |
37.683 |
38.690 |
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Less |
TAX (H) |
7.284 |
12.452 |
13.385 |
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PROFIT/(LOSS) AFTER
TAX (G-H) (I) |
4.146 |
25.231 |
25.305 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
154.252 |
178.421 |
153.116 |
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Less |
APPROPRIATION
ON ISSUE OF BONUS SHARES |
0.000 |
49.400 |
0.000 |
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BALANCE CARRIED
TO THE B/S |
158.398 |
154.252 |
178.421 |
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EARNINGS IN
FOREIGN CURRENCY |
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Technical support services |
90.400 |
135.930 |
113.088 |
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Webhosting services |
32.111 |
16.089 |
3.074 |
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Sale of traded products |
0.000 |
31.572 |
24.785 |
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TOTAL EARNINGS |
122.511 |
183.591 |
140.947 |
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IMPORTS |
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Capital Goods |
0.000 |
0.545 |
1.604 |
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Traded Products |
0.000 |
32.503 |
24.975 |
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TOTAL IMPORTS |
0.000 |
33.048 |
26.579 |
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Earnings /
(Loss) Per Share (Rs.) |
0.84 |
5.09 |
1265.26 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.20 |
8.49 |
9.03 |
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Operating Profit Margin (PBDIT/Sales) |
(%) |
23.60 |
27.48 |
23.21 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
2.38 |
8.81 |
11.79 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.18 |
0.22 |
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Debt Equity Ratio (Total Debt /Networth) |
|
0.83 |
0.57 |
0.52 |
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Current Ratio (Current Asset/Current Liability) |
|
1.24 |
1.42 |
2.07 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs. In
Million |
|
Share Capital |
0.200 |
49.600 |
49.600 |
|
Reserves & Surplus |
178.421 |
154.252 |
158.397 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
178.621 |
203.852 |
207.997 |
|
|
|
|
|
|
Long Term borrowings |
77.639 |
115.730 |
154.821 |
|
Short Term borrowings |
15.000 |
0.000 |
17.653 |
|
Total
borrowings |
92.639 |
115.730 |
172.474 |
|
Debt/Equity
ratio |
0.519 |
0.568 |
0.829 |
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 |
280.102 |
297.058 |
345.247 |
|
|
|
6.054 |
16.222 |
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
|
280.102 |
297.058 |
345.247 |
|
Profit |
25.305 |
25.231 |
4.146 |
|
|
9.03% |
8.49% |
1.20% |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
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 |
Yes |
|
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 |
Yes |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
LONG TERM BORROWINGS |
|
|
|
Term loan from financial institutions |
14.873 |
1.609 |
|
SHORT TERM BORROWINGS |
|
|
|
Term loan from financial institutions |
17.168 |
0.000 |
|
Total |
32.041 |
1.609 |
Notes:
Long Term Borrowings
Term loan from other carrying interest rate ranging from 12% p.a to 18% p.a. (2013: 14% p.a to 18% p.a.) are repayable within 3 to 27 months .
|
Particulars |
Maturity profile |
||
|
|
Less than 1 year * |
1-5 Year |
More than 5 years |
|
Secured |
|
|
|
|
As at 31 March 2014 |
25.745 |
134.348 |
5.600 |
|
As at 31 March 2013 |
20.278 |
105.045 |
9.075 |
|
Unsecured |
|
|
|
|
As at 31 March 2014 |
12.909 |
14.873 |
-- |
|
As at 31 March 2013 |
5.189 |
1.609 |
-- |
Short Term Borrowings
Unsecured loans from financial institutions amounting Rs.17.168 (2013: Rs. Nil) carry interest rate of 12.50% p.a. and is repayable within 6 monthly installments from the reporting date.
COMPANY OVERVIEW
Subject was incorporated on 18 August 2005. Subject is engaged in providing IT enabled services (web hosting services, technical support services, data center setup and consulting services) and supply of IT enabled products closely connected with the rendering of the IT enabled services.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10549700 |
09/09/2014 |
200,000,000.00 |
Kotak Mahindra Bank Limited |
27bkc, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai, Maharashtra - 400051, India |
C43878685 |
|
2 |
10485342 |
12/03/2014 |
36,000,000.00 |
Small Industries Development Bank Of India |
Sidbi, Second Floor , The Capital, Thakkar Lane, Near Kulkarni Garden, Sharanpur Road,, Nashik, Maharashtra - 422002, India |
C00638171 |
|
3 |
10486056 |
04/03/2014 |
100,000,000.00 |
Small Industries Development Bank Of India |
Sidbi, Second Floor , The Capital, Thakkar Lane, Near Kulkarni Garden, Sharanpur Road,, Nashik, Maharashtra - 422002, India |
C00900134 |
|
4 |
10417792 |
10/04/2013 |
10,500,000.00 |
Small Industries Development Bank Of India |
1st Floor, Pingle Complex,, Opp. Kulkarni Garden, Sharanpur Road,, Nashik, Maharashtra - 422007, India |
B72616451 |
|
5 |
10422798 |
01/07/2013 * |
130,000,000.00 |
Yes Bank Limited |
9th
Floor, Nehru Centre, Discovery Of India,, Dr. |
B79956603 |
|
6 |
10377479 |
25/09/2012 |
45,500,000.00 |
Small Industries Development Bank Of India |
1st Floor, Pingle Complex,, Opp. Kulkarni Garden, Sharanpur Road,, Nashik, Maharashtra - 422007, India |
B58469933 |
|
7 |
10344210 |
28/03/2012 |
15,000,000.00 |
Small Industries Development Bank Of India |
1st Floor, Pringle Complex, Opp. Kulkarni Garden, Sharanpur Road, Nashik, Maharashtra - 422002, India |
B35800952 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.61.94 |
|
UK Pound |
1 |
Rs.96.24 |
|
Euro |
1 |
Rs.70.39 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
0 |
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
42 |
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.