MIRA INFORM REPORT
|
Report No. : |
322710 |
|
Report Date : |
17.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
EXCELLENT INFORMATIC PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Gala No. 20 Basement, A C Market, Tardeo Road, Mumbai – 400034, Maharashtra |
|
Tel. No.: |
91-22-40228456 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
04.09.1997 |
|
|
|
|
Com. Reg. No.: |
110463 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.0.498 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74140MH1997PTC110463 |
|
|
|
|
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
: |
Distributors for EPSON Printers Scanners Multi-Function, also service provider of ERP Solutions. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
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. Financial position of the company seems to be decent. Trade relations are reported as fair. Business is active. Payment
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
|
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 DENIED BY
|
Name : |
Mr. Manan |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-40228456 |
|
Date : |
16.05.2015 |
LOCATIONS
|
Registered Office : |
Gala No. 20 Basement, A C Market, Tardeo Road, Mumbai – 400034, Maharashtra, India |
|
Tel. No.: |
91-22-40228456 / 23523707 / 23520621 |
|
Fax No.: |
91-22-23522042 |
|
E-Mail : |
|
|
|
|
|
Branch : |
Flat No.11, 3rd Floor, Kanti Mahal, Telly Gully, Andheri
(East), Mumbai – 400069, Maharashtra, India |
DIRECTORS
AS ON 29.09.2014
|
Name : |
Yogesh Pranjivandas Khatri |
|
Designation : |
Director |
|
Address : |
27, 2nd Floor, Noor Mahal, Sir Ratan Tata St. , Tardeo, Mumbai - 400034, Maharashtra, India |
|
Date of Birth/Age : |
26.01.1968 |
|
Date of Appointment : |
04.09.1997 |
|
DIN No.: |
01816748 |
|
|
|
|
Name : |
Sonal Jasmin Shah |
|
Designation : |
Additional director |
|
Address : |
201, Jineshwardham, Rokadia Cross Lane, Borivali - West, Mumbai - 400092, Maharashtra, India |
|
Date of Birth/Age : |
24.12.1971 |
|
Date of Appointment : |
24.09.1997 |
|
DIN No.: |
03155558 |
|
|
|
|
Name : |
Sanjeev Ramanbhai Patel |
|
Designation : |
Managing director |
|
Address : |
A - 904 Gokul Gagan Thakur, Village W. Exp Highway, Kandivali (East), Mumbai - 400101, Maharashtra, India |
|
Date of Birth/Age : |
07.08.1969 |
|
Date of Appointment : |
24.09.1997 |
|
DIN No.: |
03155585 |
|
|
|
|
Name : |
Jasmin Pravinchandra Shah |
|
Designation : |
Managing director |
|
Address : |
201, Jineshwardham, Rokadia Cross Lane, Borivali - West, Mumbai - 400092, Maharashtra, India |
|
Date of Birth/Age : |
29.05.1966 |
|
Date of Appointment : |
24.09.1997 |
|
DIN No.: |
03155614 |
|
|
|
|
Name : |
Bindu Yogesh Khatri |
|
Designation : |
Additional director |
|
Address : |
Noor Mahal, 2nd Floor Room No - 27, Sir Ratan Tata Street, Tardeo, Mumbai - 400034, Maharashtra, India |
|
Date of Appointment : |
24.09.1997 |
|
DIN No.: |
03155855 |
|
|
|
|
Name : |
Bhavana Sanjeev Patel |
|
Designation : |
Additional director |
|
Address : |
A-904, Gokul Gagan W.E. Highway, Nr. Dattani Park Thakur Village, Mumbai - 400101, Maharashtra, India |
|
Date of Appointment : |
24.09.1997 |
|
DIN No.: |
03155950 |
KEY EXECUTIVES
|
Name : |
Mr. Manan |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Jasmin
Pravinchandra Shah |
15300 |
30.72 |
|
Sonal Jasmin Shah |
1100 |
2.21 |
|
Pravinchandra
Chimanlal Shah |
100 |
0.20 |
|
Ansuya
Pravinchandra Shah |
100 |
0.20 |
|
Yogesh
Pranjivandas Khatri |
15300 |
30.72 |
|
Bindu Yogesh
Khatri |
1100 |
2.21 |
|
Parvatiben
Pranjivandas Khatri |
200 |
0.40 |
|
Sanjeev
Ramanbhai Patel |
15300 |
30.72 |
|
Bhavana
Sanjeev Patel |
1100 |
2.21 |
|
Vimalaben
Ramanbhai Patel |
200 |
0.40 |
|
|
|
|
|
Total |
49800 |
100.00 |
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 : |
Distributors for EPSON Printers Scanners Multi-Function, also service provider of ERP Solutions. |
|
|
|
|
Products / Services : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
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|
|
Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
Development Credit Bank Limited, 601 & 602, Peninsula Business Park, 6th Floor, Tower A, Senapati Bapat Marg, Lower Parel, Mumbai - 400013, Maharashtra, India |
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Facilities : |
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Auditors : |
|
|
Name : |
Atul C Shah and Associates Chartered Accountants |
|
Address : |
A-101, Shardagram, Mathuradas Road, Kandivali (West), Mumbai 400067,
Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAKPS6810N |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
49,800 |
Equity Shares |
Rs.10/- each |
Rs.0.498 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 |
0.498 |
0.498 |
0.498 |
|
(b) Reserves &
Surplus |
23.870 |
18.983 |
14.807 |
|
(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) |
24.368 |
19.481 |
15.305 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
6.900 |
6.900 |
6.900 |
|
(b) Deferred tax liabilities
(Net) |
0.051 |
0.016 |
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) |
6.951 |
6.916 |
6.900 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
9.029 |
18.680 |
16.588 |
|
(b) Trade payables |
17.511 |
14.372 |
15.131 |
|
(c) Other current
liabilities |
2.285 |
0.952 |
0.665 |
|
(d) Short-term provisions |
2.300 |
1.900 |
1.850 |
|
Total Current Liabilities
(4) |
31.125 |
35.904 |
34.234 |
|
|
|
|
|
|
TOTAL |
62.444 |
62.301 |
56.439 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1.859 |
1.562 |
0.836 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.216 |
0.206 |
0.190 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
2.075 |
1.768 |
1.026 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
32.838 |
33.308 |
26.502 |
|
(c) Trade receivables |
20.044 |
21.634 |
21.704 |
|
(d) Cash and cash
equivalents |
4.546 |
3.361 |
5.072 |
|
(e) Short-term loans and
advances |
2.823 |
2.229 |
2.135 |
|
(f) Other current assets |
0.118 |
0.001 |
0.000 |
|
Total Current Assets |
60.369 |
60.533 |
55.413 |
|
|
|
|
|
|
TOTAL |
62.444 |
62.301 |
56.439 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
275.863 |
227.301 |
|
|
|
Other Income |
4.657 |
3.023 |
|
|
|
TOTAL (A) |
280.520 |
230.324 |
188.963 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
|
|
|
|
Purchases of
Stock-in-Trade |
254.637 |
215.106 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.471 |
-6.806 |
|
|
|
Employees benefits
expense |
8.188 |
6.359 |
|
|
|
Other expenses |
7.084 |
6.525 |
|
|
|
TOTAL (B) |
270.380 |
221.184 |
182.929 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
10.140 |
9.140 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
2.416 |
2.855 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
7.724 |
6.285 |
6.034 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.297 |
0.186 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX
(E-F) (G) |
7.427 |
6.099 |
6.034 |
|
|
|
|
|
|
|
Less |
TAX (H) |
2.336 |
1.916 |
1.879 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX (G-H)
(I) |
5.091 |
4.183 |
4.155 |
|
|
|
|
|
|
|
Earlier year
pertaining |
(0.204) |
(0.007) |
NA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
4.887 |
4.176 |
NA |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
102.00 |
84.00 |
-- |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
0.000 |
0.552 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.85 |
1.84 |
2.20 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
3.68 |
4.02 |
3.19 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.89 |
9.79 |
10.69 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30 |
0.31 |
0.39 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.65 |
1.34 |
1.53 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.94 |
1.69 |
1.62 |
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 |
0.498 |
0.498 |
0.498 |
|
Reserves & Surplus |
14.807 |
18.983 |
23.870 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
15.305 |
19.481 |
24.368 |
|
|
|
|
|
|
long-term borrowings |
6.900 |
6.900 |
6.900 |
|
Short term borrowings |
16.588 |
18.680 |
9.029 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
0.000 |
0.552 |
0.000 |
|
Total borrowings |
23.488 |
25.580 |
15.929 |
|
Debt/Equity ratio |
1.535 |
1.313 |
0.654 |
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 |
188.963 |
230.324 |
280.520 |
|
|
|
21.888 |
21.794 |
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 |
188.963 |
230.324 |
280.520 |
|
Profit |
4.155 |
4.183 |
5.091 |
|
|
2.20% |
1.82% |
1.81% |
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 |
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 |
-- |
|
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 |
|
|
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) |
|
Long-term
Borrowings |
|
|
|
Loans and Advances from related parties [Unsecured loan from related parties carries interest rate of 15% not
repayable before minimum two years ] |
6.900 |
6.900 |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand from Bank [Unsecured Loan from Bank consist of Loan financed by ICICI Bank Loan carry the interest rate 8.25 % above Bank's base rate, payable on monthly rests. Unsecured Loan from Bank includes Loan financed by Kotak Mahindra Bank Limited Loan carry the interest rate 19.50% above Bank's base rate, payable on monthly rests.] |
1.248 |
2.459 |
|
Total |
8.148 |
9.359 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10166291 |
11/07/2012 * |
20,000,000.00 |
DEVELOPMENT CREDIT BANK LIMITED |
601 & 602, PENINSULA BUSINESS PARK, 6TH FLOOR,,
T |
B45576006 |
* Date of charge modification
FINANCIAL RESULTS
Income during the year amounted to Rs.280.270 Million. Compared to Rs.230.023 Million during the previous year registering increase of Rs.49.947 Million over the previous year. The company is working on service oriented business.
FIXED ASSETS
Mobile Phone
Computer system
Delivery Van
Maruti
Air Conditioner
Office Furniture
Office Equipment
Motor Cycle
Motor Car
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 records 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.63.58 |
|
|
1 |
Rs.100.30 |
|
Euro |
1 |
Rs.72.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
6 |
|
--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 |
|
47 |
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.