MIRA INFORM REPORT
|
Report No. : |
313087 |
|
Report Date : |
18.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
JAYATMA INFORMATICS PRIVATE LIMITED |
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Formerly Known
As : |
KALYAN (TEX) PRIVATE LIMITED |
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Registered
Office : |
259, 3rd Floor, New Cloth Market, Outside Raipur Gate, Ahmedabad –
380002, Gujarat |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
02.03.1987 |
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Com. Reg. No.: |
04-009462 |
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Capital
Investment / Paid-up Capital : |
Rs. 6.600 Million |
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CIN No.: [Company Identification
No.] |
U17100GJ1987PTC009462 |
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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
: |
Service Provider of IT Solutions and Software Computer Developers. |
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No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The rating is constrained on account of continuous dip in the turnover
and profit of the company. However, trade relations are reported as fair. Business is active.
Payments terms are reported to be slow but correct. The company can be considered for business dealings with some caution.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRICIL |
|
Rating |
Long Term Rating (BB) |
|
Rating Explanation |
Moderate risk of default |
|
Date |
January 22, 2015 |
|
Rating Agency Name |
CRICIL |
|
Rating |
Short Term Rating (A4+) |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
January 22, 2015 |
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. Vaibhav Jardose |
|
Designation : |
Accounts Manager |
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Contact No.: |
91-79-22167030 |
|
Date : |
17.03.2015 |
LOCATIONS
|
Registered Office : |
259, 3rd Floor, New Cloth Market, Outside Raipur Gate, Ahmedabad –
380002, Gujarat, India |
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Tel. No.: |
91-79-22167030 |
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Fax No.: |
91-79-22170077 |
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E-Mail : |
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Website : |
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Branch Office 1 : |
1, Laxmi Nagar Society, Next to Naranpura Post office,
Naranpura, Ahmedabad – 380013, Gujarat, India |
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Tel. No.: |
91-79-40227000 |
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Fax No.: |
91-79-40227020 |
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E-Mail : |
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Branch Office : |
Also located at:
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DIRECTORS
AS ON 29.09.2014
|
Name : |
Mr. Nirav Kalyanbhai Shah |
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Designation : |
Managing Director |
|
Address : |
36, Kalyan, Sanjiv Baug Society, New Sharda Mandir Raod, Paldi,
Ahmedabad – 380007, Gujarat, India |
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Date of Birth/Age : |
05.06.1973 |
|
Date of Appointment : |
01.11.2012 |
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DIN No.: |
00397336 |
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Name : |
Mr. Pradipbhai Rasiklal Shah |
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Designation : |
Director |
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Address : |
1, Laxmi Niwas Society, Paldi, Ahmedabad – 380007, Gujarat, India |
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Date of Birth/Age : |
25.01.1951 |
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Date of Appointment : |
15.04.2004 |
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DIN No.: |
00406371 |
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Name : |
Mr. Rajesh Kharbanda |
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Designation : |
Director |
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Address : |
38, Green Park, Cool Road, Jalandhar – 144004, Punjab, India |
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Date of Birth/Age : |
24.06.1968 |
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Date of Appointment : |
30.09.2009 |
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DIN No.: |
01495928 |
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Name : |
Mr. Rajanish Madan Dass |
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Designation : |
Director |
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Address : |
T-5, Faculty Houses, Indian Institute of Management, Vastrapur, Ahmedabad – 380015,
Gujarat, India |
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Date of Birth/Age : |
22.03.1973 |
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Date of Appointment : |
30.09.2009 |
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DIN No.: |
02363268 |
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Name : |
Mr. Vijay Ranjan |
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Designation : |
Additional Director |
|
Address : |
42, Goyal Palace, Vastrapur, Ahmedabad – 380015, Gujarat, India |
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Date of Birth/Age : |
17.08.1947 |
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Date of Appointment : |
25.11.2009 |
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DIN No.: |
02346190 |
KEY EXECUTIVES
|
Name : |
Kashyap R. Mehta and Associates |
|
Designation : |
Company Secretaries |
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Address : |
503, Diwan Chambers, Old High Court Lane, Off Ashram Road,
navrangpura, Ahmedabad – 380009, Gujarat, India |
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Qualification : |
B.Com, LL.B, ACMA, FCS, ACIS (London) |
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|
|
|
Name : |
Mr. Vaibhav Jardose |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS
As on 29.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Kalyanbhai Jayantilal Shah |
11000 |
1.67 |
|
Dhairiniben K. Shah and joint Kalyan Shah |
5500 |
0.83 |
|
Nanditaben Ashokbhai Shah and Ashokbhai Jayantilal Shah |
5500 |
0.83 |
|
Kalyanbhai Jayantilal Shah and joint Dhairiniben K. Shah |
5500 |
0.83 |
|
Ashokbhai Jayantilal Shah and joint Nanditaben Ashokbhai Shah |
5500 |
0.83 |
|
Dimple Nirav Shah |
53900 |
8.17 |
|
Apurva Kalyanbhai Shah |
279400 |
42.33 |
|
Dimple N Shah |
1100 |
0.17 |
|
Kalyan J. Shah and joint Ashok J. Shah |
11000 |
1.67 |
|
(Master) Devansh Nirav Shah and Nirav Kalyanbhai Shah |
281600 |
42.67 |
|
Total |
660000 |
100.00 |
As on 29.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
98.33 |
|
Other |
1.67 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Service Provider of IT Solutions and Software Computer Developers. |
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Products / Services : |
IT Solutions Software Computer Developers |
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Brand Names : |
Not Available |
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Agencies Held : |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash and Credit (30, 60 and 90 Days) |
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Purchasing : |
Cash and Credit (30, 60 and 90 Days) |
PRODUCTION STATUS : Not Available
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
ANS and Associates Chartered Accountants |
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Address : |
7-B, Vardan Complex, Stadium Road, Navrangpura, Ahmedabad – 380009,
Gujarat, India |
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Tel. No.: |
91-79-30046414/ 30046415 |
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E-Mail : |
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PAN No.: |
ABIPS3406M |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates : |
Serve Logistic Private Limited |
CAPITAL STRUCTURE
As on 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
Rs.10/- each |
Rs.7.500 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
660000 |
Equity Shares |
Rs.10/- each |
Rs. 6.600 Million |
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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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|
(1)Shareholders' Funds |
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|
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(a) Share Capital |
6.600 |
0.600 |
0.600 |
|
(b) Reserves &
Surplus |
67.611 |
67.003 |
55.396 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
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|
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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) |
74.211 |
67.603 |
55.996 |
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|
|
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(3) Non-Current
Liabilities |
|
|
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|
(a) long-term borrowings |
3.124 |
4.580 |
4.697 |
|
(b) Deferred tax
liabilities (Net) |
0.751 |
1.488 |
2.010 |
|
(c) Other long term
liabilities |
34.736 |
1.396 |
6.828 |
|
(d) long-term provisions |
2.418 |
2.418 |
3.537 |
|
Total Non-current
Liabilities (3) |
41.029 |
9.882 |
17.072 |
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|
|
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(4) Current Liabilities |
|
|
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|
(a) Short term borrowings |
0.506 |
0.000 |
11.070 |
|
(b) Trade payables |
5.823 |
54.596 |
44.321 |
|
(c) Other current
liabilities |
6.923 |
7.603 |
18.531 |
|
(d) Short-term provisions |
0.386 |
0.140 |
0.139 |
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Total Current Liabilities
(4) |
13.638 |
62.339 |
74.061 |
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|
|
|
|
TOTAL |
128.878 |
139.824 |
147.129 |
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
21.121 |
27.697 |
32.248 |
|
(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 |
3.975 |
6.405 |
7.817 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
5.207 |
4.912 |
5.137 |
|
Total Non-Current Assets |
30.303 |
39.014 |
45.202 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
56.508 |
30.963 |
48.615 |
|
(b) Inventories |
0.000 |
0.020 |
0.020 |
|
(c) Trade receivables |
32.650 |
46.994 |
45.950 |
|
(d) Cash and cash
equivalents |
1.777 |
14.998 |
1.917 |
|
(e) Short-term loans and
advances |
5.920 |
7.462 |
4.892 |
|
(f) Other current assets |
1.720 |
0.373 |
0.533 |
|
Total Current Assets |
98.575 |
100.810 |
101.927 |
|
|
|
|
|
|
TOTAL |
128.878 |
139.824 |
147.129 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
161.598 |
150.437 |
191.889 |
|
|
Trading sales |
0.000 |
10.369 |
0.000 |
|
|
Other Income |
5.759 |
11.952 |
13.280 |
|
|
TOTAL (A) |
167.357 |
172.758 |
205.169 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Trading Purchase |
0.000 |
10.129 |
0.000 |
|
|
Employees benefits
expense |
42.424 |
49.835 |
62.966 |
|
|
Other expenses |
108.975 |
87.194 |
108.878 |
|
|
TOTAL (B) |
151.399 |
147.158 |
171.844 |
|
|
|
|
|
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|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
15.958 |
25.600 |
33.325 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
0.381 |
0.889 |
1.751 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
15.577 |
24.711 |
31.574 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.680 |
8.888 |
8.182 |
|
|
|
|
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|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
8.897 |
15.823 |
23.392 |
|
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|
|
|
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Less |
TAX (H) |
1.903 |
4.077 |
7.269 |
|
|
|
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|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
6.994 |
11.746 |
16.123 |
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|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD (J) |
65.971 |
54.658 |
39.085 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General
Reserve |
0.174 |
0.293 |
0.410 |
|
|
Proposed Dividend |
0.330 |
0.120 |
0.121 |
|
|
Reserve Utilised for
issuance of Bonus Shares |
6.000 |
0.000 |
0.000 |
|
|
Corporate dividend
distribution tax |
0.056 |
0.020 |
0.019 |
|
|
Total (K) |
6.560 |
0.433 |
0.550 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S (I+J-K) |
66.405 |
65.971 |
54.658 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
10.60 |
195.78 |
268.72 |
Expected Sales (2014-2015) : Rs. 200.000 Million
The above information has been parted by Mr. Vaibhav Jardose
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin (PAT/ Sales) |
(%) |
4.33 |
7.81 |
8.40 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
9.88 |
17.02 |
17.37 |
|
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|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.12 |
11.86 |
16.79 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12 |
0.23 |
0.42 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.05 |
0.07 |
0.28 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
7.23 |
1.62 |
1.38 |
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 |
0.600 |
0.600 |
6.600 |
|
Reserves & Surplus |
55.396 |
67.003 |
67.611 |
|
Net worth |
55.996 |
67.603 |
74.211 |
|
|
|
|
|
|
long-term borrowings |
4.697 |
4.580 |
3.124 |
|
Short term borrowings |
11.070 |
0.000 |
0.506 |
|
Total borrowings |
15.767 |
4.580 |
3.630 |
|
Debt/Equity ratio |
0.282 |
0.068 |
0.049 |
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 |
191.889 |
150.437 |
161.598 |
|
|
|
(21.602) |
7.419 |
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 |
191.889 |
150.437 |
161.598 |
|
Profit |
16.123 |
11.746 |
6.994 |
|
|
8.40% |
7.81% |
4.33% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF LONG TERM DEBTS
|
Particulars |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
31.03.2012 (Rs.
In Million) |
|
Current Maturities of Long Term Debts |
1.741 |
1.959 |
0.626 |
|
Total |
1.741
|
1.959 |
0.626 |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if
applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
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 |
OPERATIONS:
During the year, the Company has achieved total revenue of 167.400 Million as compared to Rs. 172.800 Million in the year 2012-13. The Company has recorded Profit before Tax of Rs. 8.898 Million (P.Y. Rs. 15.824 Million). The Net Profit of the Company stood at Rs.6.995 Million during the year compared to Rs. 11.747 Million during 2012-13. The Directors expect better results in future.
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10231262 |
25/06/2013 * |
100,000,000.00 |
PUNJAB NATIONAL BANK |
SHASTRI PARK BRANCH, NEHRUNAGAR CIRCLE, AHMEDABAD, GUJARAT - 380015, INDIA |
B79189007 |
|
2 |
10231260 |
10/07/2010 |
26,218,000.00 |
PUNJAB NATIONAL BANK |
SHASTRI PARK, NEHRUNAGAR CIRCLE, AHMEDABAD, GUJARAT - 380015, INDIA |
A90349838 |
* Date of charge modification
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject are
derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or investigation
registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.69 |
|
|
1 |
Rs. 92.99 |
|
Euro |
1 |
Rs. 66.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TRU |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.