MIRA INFORM REPORT
|
Report No. : |
348032 |
|
Report Date : |
05.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
NGRT SYSTEMS PRIVATE LIMITED (w.e.f. 18.02.2011) |
|
|
|
|
Formerly Known
As : |
NGRT
SYSTEM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
55, Dr. R.P. Banerjee Marg, Dhantoli, Nagpur – 440012,
Maharashtra |
|
Mobile No.: |
91-7709044238 (Mr. Mahesh Dabir) |
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|
|
|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
19.04.2010 |
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Com. Reg. No.: |
11-202174 |
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Capital
Investment / Paid-up Capital : |
Rs.19.073
Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U72300MH2010PTC202174 |
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|
|
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IEC No.: |
5010004143 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
NGPN02686F |
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PAN No.: [Permanent Account No.] |
AADCN5311R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is an Authorized
Premium Reseller of Apple products and is also engaged in the business of
trading of computer devices, accessories etc. |
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|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 84900 |
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|
Status : |
Satisfactory |
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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 incorporated in the year 2010 having
satisfactory track. It is an authorized premium reseller of apple products and
is also engaged in the business of trading of computer devices, accessories
etc. As per financial of the year 2014, company has an above average
operational performancewith fair profitability. Further, rating strengths are partially offset by its low reserves
level and limited track record of operations, however, it reflects extensive
experience of the promoters in the electronic hardware industry. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 |
CRISIL |
|
Rating |
Long Term Bank Facilities : BB+ |
|
Rating Explanation |
Inadequate credit quality and high credit risk. |
|
Date |
31.01.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Bank Facilities : A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
31.01.2015 |
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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Mahesh Dabir |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-7709044238 |
|
Date : |
03.11.2015 |
LOCATIONS
|
Registered Office : |
55, Dr. R.P. Banerjee Marg, Dhantoli, Nagpur – 440012,
Maharashtra, India |
|
Tel. No.: |
91-712-2443351 / 2423082 / 2521511 / 52 |
|
Mobile No.: |
91-7709044238 (Mr. Mahesh Dabir) |
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Fax No.: |
91-712-2521513 |
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E-Mail : |
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Website : |
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Location : |
Owned |
|
|
|
|
Inspire Store 1 / Branch
Office 1: |
Inspire, Shop No.2, Nexus Point, Ravindra Nath Tagore Marg, Civil Lines, Nagpur - 440001, Maharashtra, India |
|
|
|
|
Inspire Store 2 /
Branch Office 2: |
Shop No.26, Ground Floor, C-21 Mall, SCH No.54, A B Road, Indore - 452010, Madhya Pradesh, India. |
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|
|
|
Inspire Store 3 /
Branch Office 3 : |
Shop No.18, Ground Floor, DB City Mall, Arera Hills, M P Nagar, Bhopal - 462011, Madhya Pradesh, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Shantanu Naresh Gadre |
|
Designation : |
Director |
|
Address : |
55, Dr. R.P. Banerjee Marg, Dhantoli, Nagpur – 440012,
Maharashtra, India |
|
Date of Birth/ Age : |
14.08.1973 |
|
Date of Appointment : |
19.04.2010 |
|
DIN No.: |
02930286 |
|
|
|
|
Name : |
Mrs. Pranoti Shantanu Gadre |
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Designation : |
Director |
|
Address : |
55, Dr. R.P. Banerjee Marg, Dhantoli, Nagpur – 440012,
Maharashtra, India |
|
Date of Birth/ Age : |
30.01.1979 |
|
Date of Appointment : |
19.04.2010 |
|
DIN No.: |
02930304 |
KEY EXECUTIVES
|
Name : |
Mr. Mahesh Dabir |
|
Designation : |
Accounts Manager |
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|
|
|
Name : |
Piyush Katariya and Associates |
|
Designation : |
Company Secretaries |
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Address : |
So-31, Amar Jyoti Palace, Dhantoli, Nagpur-440012, Maharashtra, India |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Shantanu Naresh Gadre |
93015 |
48.77 |
|
Pranoti Shantanu Gadre |
97710 |
51.23 |
|
Total |
190725 |
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 : |
Subject is an
Authorized Premium Reseller of Apple products and is also engaged in the
business of trading of computer devices, accessories etc. |
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|
Products / Services : |
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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 : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers, Retailers, End Users and OEMs |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
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Facilities : |
Notes: Long Term
Borrowings a) Details of Long Term Loan from Bank of
Maharashtra is secured by way of:- 1) Registered mortgage of leasehold premises, i.e. Shop No.2 on the Upper Ground Floor admeasuring 2900 Sq. ft. (approximately) in the building known as nexus point constructed on the Land bearing city survey No.1689, Sheet No.44, total land admeasuring 2500 Sq. Mtr, Civil Lines, situated at Mouza - Sitabuildi and District Nagpur. 2) Hypothecation of Furniture and Fixtures and other Fixed Assets acquired out of Bank Finance. b) Repayment The entire Term Loan is to be repaid within 84 months inclusive of 3 months moratorium. The moratorium of 3 months shall be allowed from the date of first disbursement. The loan shall be repaid in monthly installments of Rs.0.247 million plus interest extra as and when applied after initial moratorium period of 3 months is over. The interest during moratorium period will be recovered as and when applied. c) Terms and Conditions The credit facility is guaranteed by personal guarantee of following persons:- Name:-
Details of Long
Term Vehicle Loans from Bank availed by company are stated as under: Vehicle Loans have been obtained From ICICI Bank and Bank of Maharashtra for purchase of Cars, against hypothecation of the respective vehicles. Short Term
Borrowings a) The cash Credit
Facility from Bank of Maharashtra is secured by way of: 1) Hypothecation of Stock and book debts. 2) Additional| charge on Leasehold premises, i.e. Shop No.2 on the upper ground floor admeasuring 2900 sq ft b) Terms and
Conditions The credit facility is guaranteed by personal guarantee of following persons: Name:
|
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Auditors : |
|
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Name : |
K.K.Mankeshwar and and Company Chartered Accountants |
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Address : |
Kingsway, Nagpur – 440010, Maharashtra, India |
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Tel. No.: |
91.712-6629946 / 47 / 2554223 |
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E-Mail: |
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Fax No.: |
91-712-6629948 / 6613404 |
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PAN No.: |
AABFK1156A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AFTER 30.09.2014
Authorised Capital : Rs.40.000
Million
Issued, Subscribed & Paid-up Capital : Rs.21.073 Million
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400,000 |
Equity Shares |
Rs.100/- each |
Rs.40.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
190,725 |
Equity Shares |
Rs.100/- each |
Rs.19.073 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 |
19.073 |
15.273 |
13.473 |
|
(b) Reserves &
Surplus |
10.637 |
5.928 |
2.816 |
|
(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) |
29.710 |
21.201 |
16.289 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
15.735 |
27.118 |
32.415 |
|
(b) Deferred tax
liabilities (Net) |
0.250 |
0.380 |
0.442 |
|
(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) |
15.985 |
27.498 |
32.857 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
40.832 |
23.083 |
14.462 |
|
(b) Trade payables |
21.276 |
20.976 |
13.508 |
|
(c) Other current
liabilities |
5.134 |
6.662 |
8.979 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.884 |
|
Total Current Liabilities
(4) |
67.242 |
50.721 |
37.833 |
|
|
|
|
|
|
TOTAL |
112.937 |
99.420 |
86.979 |
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
33.626 |
39.137 |
36.270 |
|
(ii) Intangible Assets |
0.288 |
0.106 |
0.130 |
|
(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 |
4.867 |
2.857 |
1.759 |
|
(e) Other Non-current
assets |
0.942 |
0.981 |
1.143 |
|
Total Non-Current Assets |
39.723 |
43.081 |
39.302 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
53.991 |
35.183 |
17.218 |
|
(c) Trade receivables |
13.688 |
15.127 |
22.564 |
|
(d) Cash and cash
equivalents |
3.559 |
3.448 |
3.146 |
|
(e) Short-term loans and
advances |
1.976 |
2.581 |
4.749 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
73.214 |
56.339 |
47.677 |
|
|
|
|
|
|
TOTAL |
112.937 |
99.420 |
86.979 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
442.850 |
342.830 |
159.922 |
|
|
Other Income |
0.111 |
0.056 |
0.054 |
|
|
TOTAL |
442.961 |
342.886 |
159.976 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
401.793 |
|
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(18.807) |
(17.965) |
|
|
|
Employees benefits
expense |
16.110 |
10.249 |
|
|
|
Other expenses |
24.702 |
20.936 |
|
|
|
TOTAL |
423.798 |
327.882 |
153.139 (Including financial
expenses) |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
19.163 |
15.004 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
5.388 |
5.448 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
13.775 |
9.556 |
6.837 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
4.800 |
5.025 |
2.694 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
8.975 |
4.531 |
4.143 |
|
|
|
|
|
|
|
Less |
TAX |
4.266 |
1.419 |
1.327 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
4.709 |
3.112 |
2.816 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT
FORWARD |
5.928 |
2.816 |
0.000 |
|
|
|
|
|
|
|
|
BALANCE CARRIED TO THE
B/S |
10.637 |
5.928 |
2.816 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
30.65 |
23.57 |
20.9 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
750.000 |
The above information has been parted by Mr. Mahesh Dabir (Accounts
Manager).
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
3.804 |
4.278 |
4.169 |
|
Net cash operating activities |
NA |
8.677 |
(17.511) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.06 |
0.91 |
1.76 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
4.33 |
4.38 |
4.28 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.95 |
4.56 |
4.76 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30 |
0.21 |
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.03 |
2.57 |
3.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.09 |
1.11 |
1.26 |
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 |
13.473 |
15.273 |
19.073 |
|
Reserves & Surplus |
2.816 |
5.928 |
10.637 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
16.289 |
21.201 |
29.710 |
|
|
|
|
|
|
long-term borrowings |
32.415 |
27.118 |
15.735 |
|
Short term borrowings |
14.462 |
23.083 |
40.832 |
|
Current maturities of
long term debt |
4.169 |
4.278 |
3.804 |
|
Total borrowings |
51.046 |
54.479 |
60.371 |
|
Debt/Equity ratio |
3.134 |
2.570 |
2.032 |
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 |
159.922 |
342.830 |
442.850 |
|
|
|
114.373 |
29.175 |
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 |
159.922 |
342.830 |
442.850 |
|
Profit |
2.816 |
3.112 |
4.709 |
|
|
1.76% |
0.91% |
1.06% |
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 |
Yes |
|
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 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 |
Yes |
|
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 LOANS:
|
PARTICULARS |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loan and Advance |
3.139 |
3.050 |
|
Loan from Directors |
1.099 |
9.216 |
|
Total |
4.238 |
12.266 |
NATURE OF BUSINESS
The company is an
Authorized Premium Reseller of Apple products and is also engaged in the
business of trading of computer devices, accessories etc.
INDEX OF CHARGE:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10282538 |
12/02/2015 * |
84,000,000.00 |
BANK OF MAHARASHTRA |
SHANKAR NAGAR BRANCH, SOUTH AMBAZARI ROAD, NAGPUR , MAHARASHTRA - 440010, INDIA |
C45642089 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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 records 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.65.57 |
|
|
1 |
Rs.101.13 |
|
Euro |
1 |
Rs.71.79 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRT |
|
|
|
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
42 |
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.