MIRA INFORM REPORT
|
Report No. : |
332896 |
|
Report Date : |
22.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
TEAM CONCEPTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No. 1A/07, 2nd Floor, East End Main Road, 4th "T" Block, Jayanagar,
Bangalore – 560041, Karnataka |
|
Tel. No.: |
91-80-28437525 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
23.02.2000 |
|
|
|
|
Com. Reg. No.: |
08-026437 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 3.400 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32201KA2000PTC026437 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, buy, sell, export, import deal in all types of
electronic components, devices, equipments and appliances. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
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 |
|
Maximum Credit Limit : |
USD 230000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behavior : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Team Concepts Private Limited Incorporated on 23rd
February, 2000. And is the established company having satisfactory track
record. During FY 2014, the company achieved sale turnover of Rs. 182.400
Million and reported top line growth of 4.02%. Profitability of the company
stood at 3.45% backed by is debt to equity at 0.67 times. Rating take into consideration decent operating performance, strong
net worth position backed by its decent balance sheet profile of the company. Trade relations are reported to be fair. Payments are reported to be
usually correct. In view of sound operational and financial base, the company can be
considered for business 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.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Not Available |
|
Designation : |
Not Available |
|
Contact No.: |
Not Available |
|
Date : |
Not Available |
LOCATIONS
|
Registered Office : |
No. 1A/07, 2nd Floor, East End Main Road, 4th "T" Block,
Jayanagar, Bangalore – 560041,
Karnataka, India |
|
Tel. No.: |
91-80-28437525 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mohan Rajshekar |
|
Designation : |
Director |
|
Address : |
No E -3, Ranka Villa , Bilekahalli,, Bannerghatta Road, Bangalore, 560076, Karnataka, India |
|
Date of Birth/Age : |
14.03.1962 |
|
Date of Appointment : |
23.02.2000 |
|
DIN No.: |
01365008 |
|
|
|
|
Name : |
Mahendra Jolapara |
|
Designation : |
Managing director |
|
Address : |
No. 104, 17th Cross, 30th Main,, J.P.Nagar 6th Phase,, Bangalore, 560078, Karnataka, India |
|
Date of Birth/Age : |
05.09.1964 |
|
Date of Appointment : |
23.02.2000 |
|
DIN No.: |
01633053 |
KEY EXECUTIVES
|
Name : |
Praveen Kumar D. |
|
Designation : |
Company Secretary |
|
Address : |
2nd Floor, ‘É’ Wing, Kendriya Sadana, Koramangala, Bangalore
– 560034, Karnataka, India |
|
Qualification : |
B. com. FCS, LLB |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Mohan Rajshekar |
17000 |
50.00 |
|
Mahendra Jolapara |
17000 |
50.00 |
|
Total |
34000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, buy, sell, export, import deal in all types of
electronic components, devices, equipments and appliances. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
Not Available |
GENERAL INFORMATION
|
Suppliers : |
Not Available |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Customers : |
Not Available |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
Long-term
Borrowings Term Loan from
Canara Bank Term Loan No 37873 was taken in the financial year 2011-12, Loan no 3794
and 3793 were taken in the financial year 2012-13. The loan amounts were Rs.
2.060 Million, Rs. 2.690 Million and Rs. 1.746 Million having an equal
monthly repayment of Rs. 0.401 Million, Rs. 0.182 Million and Rs. 0.425
Million respectively, and carrying an interest rate 12.25% (BR+ 2.00%) The
change in interest rate is recovered by the bank by adjusting tenure of the
loan. The loans are secured by the hypothecation of EMT of Existing of 8392
sq. ft. area (with built up area 5371 sq. ft.). In the name of the company at
No. A – 48 KSSIDC Industrial Estate, Kumbalogodu Mysore Road Bangalore and
also Existing Plant and Machinery vehicles and other fixed assets and also
against the personal guarantee of directors. Axis Bank Car
Loan The car loan of Rs. 2.086 Million taken from Axis Bank having an equal
monthly repayment of Rs. 0.045 Million and carrying an interest rate 10.25%
per annum. The loan is secured by hypothecation of car. ICICI Bank Car
Loan The car loan of Rs. 0.574 Million from ICICI Bank, having an equal
monthly repayment of Rs. 0.019 Million and carrying an interest rate 10.75%
per annum. The loan is secured by hypothecation of car. Short-term
borrowings Over draft facilities from Canara Bank of Rs. 15.000 Million carry
interest computed on bank rate plus 4%p.a. computed on a monthly basis on the
actual amount utilized and repayable on demand. The overdraft facility from
Canara Bank is secured by hypothecation of inventories and receivables and
Personal guarantee for Mahendra and R. Mohan. |
|
Auditors : |
|
|
Name : |
Kalkura Associates Chartered Accountants |
|
Address : |
No. 250, 2nd Floor, Sampige Road, (Near 17th Cross), Malleshwaram,
Bangalore – 560003, Karnataka, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAIFK4352K |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
99000 |
Equity Shares |
Rs.100/- each |
Rs. 9.900 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
34000 |
Equity Shares |
Rs.100/- each |
Rs. 3.400 Million |
|
|
|
|
|
ABRIDGED
BALANCE SHEET
FINANCIAL DATA
[all figures are
in Rupees Million]
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
3.400 |
3.400 |
3.400 |
|
(b) Reserves & Surplus |
70.586 |
55.170 |
40.807 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
7.474 |
7.674 |
3.474 |
|
Total
Shareholders’ Funds (1) + (2) |
81.460 |
66.244 |
47.681 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
38.391 |
8.088 |
6.794 |
|
(b) Deferred tax liabilities (Net) |
0.545 |
0.000 |
0.079 |
|
(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) |
38.936 |
8.088 |
6.873 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
11.866 |
7.760 |
6.704 |
|
(b) Trade
payables |
16.077 |
14.001 |
9.124 |
|
(c) Other
current liabilities |
5.314 |
4.742 |
4.524 |
|
(d) Short-term
provisions |
7.812 |
7.002 |
4.902 |
|
Total Current
Liabilities (4) |
41.069 |
33.505 |
25.254 |
|
|
|
|
|
|
TOTAL |
161.465 |
107.837 |
79.808 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
82.480 |
36.454 |
38.282 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.185 |
9.473 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.005 |
0.005 |
0.005 |
|
(c) Deferred tax assets (net) |
0.000 |
0.047 |
0.000 |
|
(d) Long-term Loan and Advances |
0.485 |
0.414 |
0.399 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
83.155 |
46.393 |
38.686 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
27.708 |
19.766 |
15.273 |
|
(c) Trade
receivables |
24.997 |
21.171 |
12.492 |
|
(d) Cash
and cash equivalents |
4.519 |
6.494 |
3.574 |
|
(e)
Short-term loans and advances |
21.086 |
14.004 |
9.774 |
|
(f) Other
current assets |
0.000 |
0.009 |
0.009 |
|
Total
Current Assets |
78.310 |
61.444 |
41.122 |
|
|
|
|
|
|
TOTAL |
161.465 |
107.837 |
79.808 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
182.494 |
175.445 |
134.094 |
|
|
|
Other Income |
2.108 |
2.257 |
1.100 |
|
|
|
TOTAL |
184.602 |
177.702 |
135.194 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Other Expenses |
160.593 |
155.600 |
116.202 |
|
|
|
Exceptional Items |
0.000 |
0.665 |
0.025 |
|
|
|
TOTAL |
160.593 |
156.265 |
116.227 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
24.009 |
21.437 |
18.967 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
8.593 |
7.074 |
5.101 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
15.416 |
14.363 |
13.866 |
|
|
|
|
|
|
|
|
|
|
C.I.F. VALUE OF
IMPORTS |
|
|
|
|
|
|
|
Raw Materials and Consumables |
55.757 |
58.218 |
0.000 |
|
|
|
Machinery Spares |
18.134 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
73.891 |
58.218 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
453.41 |
422.44 |
407.82 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
8.45 |
8.19 |
10.34 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.89 |
21.81 |
23.77 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29 |
0.32 |
0.40 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.62 |
0.24 |
0.28 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.91 |
1.83 |
1.63 |
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 |
3.400 |
3.400 |
3.400 |
|
Reserves & Surplus |
40.807 |
55.170 |
70.586 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
3.474 |
7.674 |
7.474 |
|
Net worth |
47.681 |
66.244 |
81.460 |
|
|
|
|
|
|
long-term borrowings |
6.794 |
8.088 |
38.391 |
|
Short term borrowings |
6.704 |
7.760 |
11.866 |
|
Total borrowings |
13.498 |
15.848 |
50.257 |
|
Debt/Equity ratio |
0.283 |
0.239 |
0.617 |
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 |
134.094 |
175.445 |
182.494 |
|
|
|
30.837 |
4.018 |
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 |
134.094 |
175.445 |
182.494 |
|
Profit |
13.866 |
14.363 |
15.416 |
|
|
10.34% |
8.19% |
8.45% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
No |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OVERVIEW ON PERFORMANCE OF THE COMPANY :
During the fiscal 2014, the financial
performance of the Company witness a good all round growth in revenue. Revenue
from Operations witnesses a growth of 4% and Profit after tax slightly
increased by 7% when compared to fiscal 2013. During the year, the Company has
also taken necessary steps to strengthen its competitive advantages, enhance
its presence in profitable emerging markets and thus securing future growth
momentum.
NOTE: Registered office of the company has been
shifted from No.1A/07, 1st Floor, East End Main Road, 4th 'T', Block,
Jayanagar, Bangalore - 560041, Karnataka, India to
the present address w.e.f. 02.03.2010
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10369198 |
12/06/2012 |
574000 |
ICICI BANK LIMITED |
Bommanahalli
Branch, 4/10, Mytree Towers, Hosur Main Road, Bommanahalli, Bangalore,
Karnataka - 560 |
B45143807 |
|
2 |
10398506 |
12/03/2012 |
2086000 |
Axis Bank Limited |
Retail Asset Centre, No. 19, 80 Feet Road, Sahakarnagar, Bangalore, Karnataka - 560092, INDIA |
B44122638 |
|
3 |
10258188 |
18/11/2010 |
600000 |
CANARA BANK |
Sevakshetra Complex,
27th Cross, Banashankari 2nd |
B02502672 |
|
4 |
10096169 |
21/03/2008 * |
15000000 |
Canara Bank |
Banashankari 2nd Stage, Bangalore, Karnataka - 560070, INDIA |
A35983444 |
|
5 |
80033426 |
01/07/2014 * |
80560000 |
Canara Bank |
Banashankari 2nd
Stage Branch, Sevakshetra Complex, 27th Cross, BSK 2nd Stage, Bangalore,
Karnataka |
C13678107 |
FIXED ASSETS
- Land and
Building
- Car
- Computer
- Furniture and
Fixture
- Inverter
Guest House
- Plant and
Machinery
- Generator
- Printer
- Refrigerator
- Television
- Weighting
Machine
- Tally
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.63.65 |
|
|
1 |
Rs.99.13 |
|
Euro |
1 |
Rs.68.90 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
DDD |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
NO |
|
--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
unfavorable 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.