MIRA INFORM REPORT
|
Report No. : |
309912 |
|
Report Date : |
27.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
SIGMA BYTE AV SOLUTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
H-11/12, Paragon Condominium, Paragon Textiles Mills Compound, Pandurang
Budhkar Marg, Worli, Mumbai – 400 013, |
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|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
26.08.2008 |
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Com. Reg. No.: |
11-186157 |
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Capital Investment
/ Paid-up Capital : |
Rs.0.500 million |
|
|
|
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CIN No.: [Company Identification
No.] |
U92490MH2008PTC186157 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS61550G |
|
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PAN No.: [Permanent Account No.] |
AAMCS3236R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged into the business of providing infrastructure in
the field of Audio, Video Equipments including professional grade equipments
such as editing control unit, special effect instruments etc. and video
conferencing, tale presence, tale communications etc. and development of
software and offering of solutions consisting of hardware, software, and
intelligent property rights. |
|
|
|
|
No. of Employees
: |
120 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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. The
company has decent profit margin and strong liquidity position. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct. 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
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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. Mahendra |
|
Designation : |
Finance Head |
|
Contact No.: |
91-80-41321881 |
|
Date : |
26.02.2015 |
LOCATIONS
|
Registered Office : |
H-11/12, Paragon Condominium, Paragon Textiles Mills Compound,
Pandurang Budhkar Marg, Worli, Mumbai – 400 013, |
|
Tel. No.: |
91-22-40274747 |
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Fax No.: |
91-22-24938930 |
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E-Mail : |
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Website : |
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Head Quarter 1 : |
No.27/1, 8th Cross, Victoria
Road, Victoria Layout, Bangalore – 560 047, Karnataka, India |
|
Tel. No.: |
91-80-41321881/ 41321882 |
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Fax No.: |
91-80-41468886 |
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Head Quarter 2 : |
No. 4015, 1st Cross, 17th Main, HAL 2nd
Stages Indira Nagar, Bangalore – 560038, Karnataka, India |
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Chennai
Office : |
Office No.3, 1st Floor,
Welington Estate, 24, Ethiraj Salai, Chennai – 600 008, Tamilnadu, India |
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Tel. No.: |
91-44-45508223/ 24 |
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|
6-3-662/101C, Zore Complex, Block #1, 1st
Floor, Beside A.I.G. Panjagutta Road, Hyderabad – 500 082, Andhra Pradesh,
India |
|
Tel. No.: |
91-40-40038224/ 40038225 |
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Fax No.: |
91-40-40038221 |
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Pune
Office : |
310, Lloyds Chambers, Block 2, Mangalwar
Peth, Maldhakka Chowk, Near Ambedker Bhavan, Pune – 411 011,
Maharashtra, India |
|
Fax No.: |
91-20-32924660 |
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Office No.504, 19 Kirti Mahal, Rajendra Palace,
New Delhi – 110 008, India |
|
Tel. No.: |
91 11 45094748/ 45094787 |
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Fax No.: |
91 11 25752165 |
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|
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Overseas Office 1 : |
Sigma-Byte Computers FZC. P.O. Box No.120230, Warehouse No. A-4, 63,
Saif Zone, Sharjah, Sharjah - U.A.E. |
|
Tel. No.: |
+971 6 5573419 |
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Fax No.: |
+971 6 5574319 |
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|
|
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Overseas Office 2 : |
Sigma-Byte Computers (S) Pte. Limited 10, Anson Road, 31-10, |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Ketan Chandrakant Kothari |
|
Designation : |
Director |
|
Address : |
410, Vaishali Apartment, Prarthna Samaj,
Mumbai – 400 004, |
|
Date of Birth/Age : |
06.04.1968 |
|
Date of Appointment : |
26.08.2008 |
|
DIN No.: |
00026542 |
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|
|
Name : |
Alkesh Sevantibhai Gandhi |
|
Designation : |
Director |
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Address : |
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Date of Birth/Age : |
05.02.1968 |
|
Date of Appointment : |
26.08.2008 |
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DIN No.: |
00096614 |
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|
Name : |
Mr. Deepak Sreenivas |
|
Designation : |
Director |
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Address : |
No.81, IV Cross, Teachers Colony II Stage,
Banashankari II Stage, |
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Date of Birth/Age : |
10.07.1972 |
|
Date of Appointment : |
26.08.2008 |
|
DIN No.: |
02260169 |
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|
|
|
Name : |
Mr. Prakash Gururao |
|
Designation : |
Director |
|
Address : |
23-A,
1st Main, 2nd Cross, CIL Colony, Sanjaynagar, Bangalore – 560 094,
Karnataka, India |
|
Date of Birth/Age : |
20.05.1973 |
|
Date of Appointment : |
26.08.2008 |
|
DIN No.: |
02281141 |
KEY EXECUTIVES
|
Name : |
Mr. Mahendra |
|
Designation : |
Finance Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Sigma Byte Computers Private Limited, |
14500 |
29.00 |
|
Alkesh Sevantibhai Gandhi |
5000 |
10.00 |
|
Ketan Chandrakant Kothari |
5000 |
10.00 |
|
Deepak Sreenivas |
12750 |
25.50 |
|
Prakash Gururao |
12750 |
25.50 |
|
Total |
50000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
29.00 |
|
Directors or relatives of Directors |
71.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into the business of providing infrastructure in
the field of Audio, Video Equipments including professional grade equipments
such as editing control unit, special effect instruments etc. and video
conferencing, tale presence, tale communications etc. and development of
software and offering of solutions consisting of hardware, software, and
intelligent property rights. |
|
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
120 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Shah Shah and Thakkar Chartered Accountants |
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Address : |
32/34 Damodar Niwas, 2nd Floor, Block No.18, C.P.Tank Road Mumbai –
400004, Maharashtra, India |
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Tel No : |
91-22-23886293/ 23822633 |
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Email : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ACKFS7363N |
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding Company : |
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Associate Companies : |
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Entities on which KMP having significant influence: |
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CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
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|
I.
EQUITY AND LIABILITIES |
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|
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|
(1)Shareholders' Funds |
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|
|
|
(a) Share Capital |
0.500 |
0.500 |
0.500 |
|
(b) Reserves & Surplus |
57.224 |
35.406 |
19.237 |
|
(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) |
57.724 |
35.906 |
19.737 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
10.697 |
1.179 |
2.230 |
|
(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 |
1.101 |
2.930 |
5.907 |
|
Total
Non-current Liabilities (3) |
11.798 |
4.109 |
8.137 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
2.566 |
|
(b) Trade payables |
30.103 |
26.602 |
31.876 |
|
(c) Other current liabilities |
23.182 |
17.703 |
24.301 |
|
(d) Short-term provisions |
0.215 |
0.546 |
0.576 |
|
Total
Current Liabilities (4) |
53.500 |
44.851 |
59.319 |
|
|
|
|
|
|
TOTAL |
123.022 |
84.866 |
87.193 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
7.258 |
7.864 |
5.351 |
|
(ii) Intangible Assets |
0.099 |
0.108 |
0.098 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.660 |
3.192 |
1.011 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
9.017 |
11.164 |
6.460 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
10.154 |
14.507 |
4.143 |
|
(c) Trade receivables |
69.097 |
41.684 |
65.467 |
|
(d) Cash and cash equivalents |
21.478 |
10.815 |
5.839 |
|
(e) Short-term loans and
advances |
13.276 |
5.787 |
4.808 |
|
(f) Other current assets |
0.000 |
0.909 |
0.476 |
|
Total
Current Assets |
114.005 |
73.702 |
80.733 |
|
|
|
|
|
|
TOTAL |
123.022 |
84.866 |
87.193 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
241.913 |
211.267 |
205.719 |
|
|
Other Income |
6.373 |
0.950 |
5.202 |
|
|
TOTAL
(A) |
248.286 |
212.217 |
210.921 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
124.497 |
110.967 |
118.949 |
|
|
Employees benefits expense |
42.300 |
37.647 |
28.955 |
|
|
Other expenses |
46.993 |
36.478 |
33.636 |
|
|
TOTAL
(B) |
213.790 |
185.092 |
181.540 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
34.496 |
27.125 |
29.381 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.207 |
1.221 |
1.284 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
32.289 |
25.904 |
28.097 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
2.131 |
2.091 |
1.082 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
30.158 |
23.813 |
27.015 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
8.340 |
7.644 |
9.824 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
21.818 |
16.169 |
17.191 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
0.000 |
0.677 |
NA |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
436.36 |
323.38 |
343.82 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
9.02 |
7.65 |
8.36 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
14.26 |
12.84 |
14.28 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
24.51 |
28.06 |
30.98 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.52 |
0.66 |
1.37 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.19 |
0.03 |
0.24 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.13 |
1.64 |
1.36 |
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 |
0.500 |
0.500 |
0.500 |
|
Reserves & Surplus |
19.237 |
35.406 |
57.224 |
|
Net
worth |
19.737 |
35.906 |
57.724 |
|
|
|
|
|
|
long-term borrowings |
2.230 |
1.179 |
10.697 |
|
Short term borrowings |
2.566 |
0.000 |
0.000 |
|
Total
borrowings |
4.796 |
1.179 |
10.697 |
|
Debt/Equity
ratio |
0.243 |
0.033 |
0.185 |
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 |
205.719 |
211.267 |
241.913 |
|
|
|
2.697 |
14.506 |
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 |
205.719 |
211.267 |
241.913 |
|
Profit |
17.191 |
16.169 |
21.818 |
|
|
8.36% |
7.65% |
9.02% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Million) |
||
|
Current maturities of long-term debt |
8.201 |
1.009 |
NA
|
|
|
|
|
|
|
Total |
8.201 |
1.009 |
NA
|
|
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 |
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 |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
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 |
No |
OPERATIONS
During the year the company achieved income Rs.248.287 Millions as
compared previous year Rs. 212.217 Millions
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
From Bank and financial institutions |
|
|
|
Bajaj Finance Limited @ 19.75% for 36 months of Rs. 3.030 Million |
1.899 |
0.000 |
|
Capital First Limited @ 19.00% for 36 months of Rs. 3.030 Million |
1.873 |
0.000 |
|
ECL Finance Limited @ 19.00% for 60 months of Rs. 2.500 Million |
2.063 |
0.000 |
|
HDFC Bank @ 16.00% for 18 months of Rs. 2.500 Million |
0.459 |
0.000 |
|
Kotak Mahindra Bank Limited @ 19.00% for 29 months of Rs. 4.000
Million |
2.020 |
0.000 |
|
Religare Finvest Limited @ @ 19.02% for 24 months of Rs. 4.000
Million |
1.504 |
0.000 |
|
Total |
9.818 |
0.000 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10548539 |
19/11/2014 |
1,000,000.00 |
INDIAN BANK |
OVERSEAS BRANCH,
MANANDI PLAZA, NO. 2, ST. MARKS |
C43266881 |
|
2 |
10534684 |
29/09/2014 |
7,500,000.00 |
INDIAN BANK |
OVERSEAS BRANCH,
MANANDI PLAZA, NO. 2, ST. MARKS |
C35847524 |
Tangible Assets
·
Computer
·
Motor Car
·
Office Equipment
·
Furniture and Fixtures
·
Lease Hold Improvements
Intangible Assets
·
Computer Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.94 |
|
|
1 |
Rs.96.24 |
|
Euro |
1 |
Rs.70.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
45 |
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.