MIRA INFORM REPORT
|
Report No. : |
334014 |
|
Report Date : |
28.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
ORIENT TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2 and 3 Niraj Industrial Estate, off Mahakali Caves Road, Andheri (E),
Mumbai – 400059, Maharashtra |
|
Tel. No.: |
91-22-24960808/
88/ 89 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
04.07.1997 |
|
|
|
|
Com. Reg. No.: |
11-109219 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 110.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U64200MH1997PTC109219 |
|
|
|
|
IEC No.: |
AAACO2654F |
|
|
|
|
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
: |
Trader of Computer Systems, Peripherals and Software Design. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an old and established company incorporated during the year
1997 having a satisfactory track record. Available financial indicates company sound financial risk profile
marked by healthy net worth position with low borrowings and favorable gap
between trade payable and trade receivable. Further, the rating also takes into consideration good profitability. Trade relations are reported as fair. Business is active. Payments
terms are reported to be usually correct. The company can be considered normal 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
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 : |
Mr. Alkesh Wandre |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9769008781 |
|
Date : |
27.07.2015 |
LOCATIONS
|
Registered Office : |
2 and 3 Niraj Industrial
Estate, Off Mahakali Caves Road, Andheri (East), Mumbai – 400059,
Maharashtra, India |
|
Tel. No.: |
91-22-24960808/
88/ 89 |
|
Mobile No.: |
91-9769008781 (Mr. Alkesh Wandre ) |
|
Fax No.: |
91-22-55021180/
24921016/ 42928800 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
Locality : |
Commercial |
|
|
|
|
Branch Office : |
502, 5th Floor, Ackruti Star, Central Road,
Andheri (East) Mumbai - 400093, Maharashtra, India |
|
Tel. No.: |
91-22-42928888 |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
Located at:
|
DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Ajay Baliram Sawant |
|
Designation : |
Director |
|
Address : |
10/101, Mahada
Housing Board, Oshiwara, Andheri (West), Mumbai – 400058, Maharashtra, India |
|
Date of Birth/Age : |
06.05.1967 |
|
Qualification : |
B.E. |
|
Date of Appointment : |
04.07.1997 |
|
PAN No.: |
AHAPS0035J |
|
DIN No.: |
00111001 |
|
|
|
|
Name : |
Mr. Ujwal Arvind Mhatre |
|
Designation : |
Director |
|
Address : |
10/201 Mahada Housing Board, Oshiwara, Andheri (West), Mumbai –
400058, Maharashtra, India |
|
Date of Birth/Age : |
07.03.1968 |
|
Qualification : |
D.I.E |
|
Date of Appointment : |
04.07.1997 |
|
PAN No.: |
AAMPM4645B |
|
DIN No.: |
00111148 |
|
|
|
|
Name : |
Mr. Jayesh Manoharlal Shah |
|
Designation : |
Director |
|
Address : |
09/201, 2nd Floor, Mahada
Housing Board, Oshiwara, Andheri (West), Mumbai – 400058, Maharashtra, India |
|
Date of Birth/Age : |
07.03.1968 |
|
Qualification : |
B.E. |
|
Date of Appointment : |
04.07.1997 |
|
PAN No.: |
AAKPS1107Q |
|
DIN No.: |
00111598 |
|
|
|
|
Name : |
Mr. Umesh Navnitlal Shah |
|
Designation : |
Director |
|
Address : |
23, Nupur, 2nd Floor, J. V. P. D. Scheme, Near Gulmohar,
Cross Road No. 4, Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
02.09.1969 |
|
Qualification : |
B.E. |
|
Date of Appointment : |
04.07.1997 |
|
PAN No.: |
AAEPS3008A |
|
DIN No.: |
00111751 |
KEY EXECUTIVES
|
Name : |
Mr. Alkesh Wandre |
|
Designation : |
Financial Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Ajay Baliram
Sawant |
|
2750000 |
|
Umesh Navnitlal
Shah |
|
2750000 |
|
Ujjwal Arvind
Mhatre |
|
2750000 |
|
Jayesh Manoharlal
Shah |
|
2750000 |
|
Total |
|
11000000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Computer Systems, Peripherals and Software Design. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
|
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
|
||||
|
Countries : |
|
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash / Credit (30/60/90 Days) |
||||
|
|
|
||||
|
Purchasing : |
Cash / Credit (30/60/90 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
No. of Employees : |
100 (Approximately) |
||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Bankers : |
· Vasai Vikas Sahakari Bank Limited, Head Office, Samaj Mandir, Opposite New English High School, Vasai - 401201, Maharashtra, India · J P Morgan · HDFC Bank Limited · Reserve Bank of India |
||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Santosh G. Ghag
and Company Chartered Accountants |
|
Address : |
14/CD, Kakubhai Manchharam
Building, Ground Floor, Zaobawadi, Thakurdwar, Mumbai – 400002, Maharashtra,
India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAFPG1909B |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates: |
Orient HR Consultants Private Limited U74999MH2003PTC142615 |
|
|
|
|
Joint Venture : |
All Time IT Solutions Private Limited |
CAPITAL STRUCTURE
After 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13,100,000 |
Equity Shares |
Rs.10/- each |
Rs.131.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12,000,000 |
Equity Shares |
Rs.10/- each |
Rs.120.000
Million |
|
|
|
|
|
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13,100,000 |
Equity Shares |
Rs.10/- each |
Rs.131.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11,000,000 |
Equity Shares |
Rs.10/- each |
Rs.110.000
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 |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
110.000 |
110.000 |
110.000 |
|
(b) Reserves & Surplus |
141.723 |
117.167 |
98.274 |
|
(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) |
251.723 |
227.167 |
208.274 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
70.167 |
71.380 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
2.767 |
1.539 |
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) |
72.934 |
72.919 |
0.000 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short
term borrowings |
69.452 |
77.099 |
88.685 |
|
(b) Trade
payables |
135.014 |
174.495 |
90.748 |
|
(c) Other
current liabilities |
22.780 |
13.889 |
0.149 |
|
(d) Short-term
provisions |
1.737 |
0.410 |
1.240 |
|
Total Current
Liabilities (4) |
228.983 |
265.893 |
180.822 |
|
|
|
|
|
|
TOTAL |
553.640 |
565.979 |
389.096 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
106.126 |
98.105 |
17.710 |
|
(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 |
3.760 |
3.651 |
1.126 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.412 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
109.886 |
101.756 |
19.248 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
63.725 |
47.799 |
43.270 |
|
(c) Trade
receivables |
292.186 |
342.957 |
279.236 |
|
(d) Cash
and cash equivalents |
15.140 |
13.145 |
4.708 |
|
(e) Short-term
loans and advances |
72.703 |
60.322 |
42.634 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
443.754 |
464.223 |
369.848 |
|
|
|
|
|
|
TOTAL |
553.640 |
565.979 |
389.096 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1253.726 |
1232.563 |
|
|
|
Other Income |
1.237 |
1.926 |
|
|
|
TOTAL
(A) |
1254.963 |
1234.489 |
1111.998 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
832.016 |
845.621 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(15.926) |
(4.529) |
|
|
|
Employees benefits expense |
210.692 |
191.769 |
|
|
|
Other expenses |
158.566 |
153.701 |
|
|
|
TOTAL
(B) |
1185.348 |
1186.562 |
1079.454 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
69.615 |
47.927 |
Including Financial & |
|
|
|
|
|
Depreciation |
|
Less |
FINANCIAL
EXPENSES (D) |
11.427 |
4.028 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
58.188 |
43.899 |
|
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
8.042 |
4.922 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
50.146 |
38.977 |
32.544 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
16.230 |
13.691 |
9.443 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
33.916 |
25.286 |
23.101 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
3.08 |
2.30 |
NA |
Note : 2014 Profit
and Loss details are provided by the management.
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
1300.000 |
The above information has been parted by Mr. Alkesh Wandre (Finance
Manager)
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 |
|
Net cash flows from (used in) operation |
69.240 |
136.122 |
36.728 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.71 |
2.05 |
2.08 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
5.55 |
3.89 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.12 |
6.93 |
8.40 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.17 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.55 |
0.65 |
0.43 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.94 |
1.75 |
2.05 |
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 |
110.000 |
110.000 |
110.000 |
|
Reserves & Surplus |
98.274 |
117.167 |
141.723 |
|
Net
worth |
208.274 |
227.167 |
251.723 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
71.380 |
70.167 |
|
Short term borrowings |
88.685 |
77.099 |
69.452 |
|
Total
borrowings |
88.685 |
148.479 |
139.619 |
|
Debt/Equity
ratio |
0.426 |
0.654 |
0.555 |
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) |
|
Total Income |
1111.998 |
1234.489 |
1254.963 |
|
|
|
11.015 |
1.658 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
1111.998 |
1234.489 |
1254.963 |
|
Profit |
23.101 |
25.286 |
33.916 |
|
|
2.08% |
2.05% |
2.70% |
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 |
Yes |
|
8] |
Designation of contact person |
Yes |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
Yes |
|
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) |
Yes |
|
16] |
No. of employees |
Yes |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
Yes |
|
19] |
Major customers |
Yes |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
Yes |
|
22] |
Conduct of the banking account |
-- |
|
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 four 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 |
Yes |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Loans and advances from related parties |
0.000 |
4.500 |
|
|
|
|
|
Total |
0.000 |
4.500 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10410763 |
26/02/2013 * |
80,000,000.00 |
VASAI VIKAS SAHAKARI BANK LTD |
Head Office : Samaj Mandir, Opp. New English High |
B71853246 |
|
2 |
10185603 |
08/01/2015 * |
90,000,000.00 |
Citi Bank N.A. |
First International Financial Centre (FIFC), Plot |
C44954923 |
|
3 |
10111790 |
06/07/2009 * |
8,800,000.00 |
CITI BANK N.A. |
CITI TOWER, 61, DR. S.S. RAO ROAD,, PAREL, MUMBAI |
A64917081 |
|
4 |
90141361 |
22/09/2004 |
5,000,000.00 |
CITI BANK |
CITI TOW ER, PAREL, MUMBAI, Maharashtra - 400001, |
- |
* Date of charge modification
FIXED ASSETS
- Buildings
- Furniture and Fixtures
- Vehicles
- Office Equipment
- Computer Equipments
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.64.00 |
|
|
1 |
Rs.91.43 |
|
Euro |
1 |
Rs.70.61 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.