MIRA INFORM REPORT
|
Report No. : |
349939 |
|
Report Date : |
17.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
VENKTRON DIGITAL SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Krishna Building No. 4, 2nd Floor, Shamrao Vithal Lane, Off
Lamington Road, Mumbai - 400007, Maharashtra |
|
Tel. No.: |
91-22-43335333 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
09.07.1990 |
|
|
|
|
Com. Reg. No.: |
11-057131 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.16.948 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30007MH1990PTC057131 |
|
|
|
|
IEC No.: |
0395039851 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMV10266E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACV1424A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
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Line of Business
: |
Dealer and Distributor of Computer Peripherals. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
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|
|
|
Litigation : |
Clear |
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Comments : |
Subject was incorporated on 9th July, 1990. It has moderate
track record. Management has failed to file latest financials of FY 14, with the
statutory authorities. As per available, the company has reported a low profit margin along
with drastic dip in its cash balance during FY2013. However, trade relations are fair. Business is active. Payment terms
are reported as unknown. The subject 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 |
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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Narendra Rathod |
|
Designation : |
Account Manager |
|
Contact No.: |
91-22-43335333 |
|
Date : |
14.11.2015 |
LOCATIONS
|
Registered / Sales / Head Office : |
Krishna Building No. 4, 2nd Floor, Shamrao Vithal Lane, Off
Lamington Road, Mumbai – 400 007, Maharashtra, India |
|
Tel. No.: |
91-22-43335333 (30 lines) |
|
Fax No.: |
91-22-23874429/ 43335300 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1000 Sq. Ft. |
|
Location : |
Owned |
|
|
|
|
Administrative Office : |
305, Kalyandas Udyog Bhavan, Near Century Bazar, Worli, Mumbai –
400025, Maharashtra, India |
|
Tel. No.: |
91-22-43335333/ 24375262/ 63/ 24303684 |
|
Fax No.: |
91-22-43335300/ 23874429/ 24322124 |
|
E-Mail : |
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|
|
|
Service Centre : |
|
|
|
|
|
Branch Office : |
G – 43, Ground Floor, 1st Cross, Panampilly Nagar, Ernakulam – 682036,
Kerala, India |
|
Tel No.: |
91-484-3220854/ 4011929 |
|
|
|
|
Branch Offices : |
Also Located at: ·
Chennai ·
·
Ahmedabad ·
·
New Delhi ·
·
Kolkata ·
·
Jaipur ·
·
Haryana ·
Goa ·
Indore |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Ajaykumar Roshanlal Singhania |
|
Designation : |
Managing director |
|
Address : |
302-B, Llyods Garden 1096-II, Appasaheb Marathe Marg, Prabhadevi,
Mumbai – 400025, Maharashtra, India |
|
Date of Birth/Age : |
25.10.1957 |
|
Date of Appointment : |
09.07.1990 |
|
DIN No.: |
00182102 |
|
|
|
|
Name : |
Ms. Sunita Ajay Singhania |
|
Designation : |
Director |
|
Address : |
302-B, Llyods Garden 1096-II, Appasaheb Marathe Marg, Prabhadevi,
Mumbai – 400025, Maharashtra, India |
|
Date of Birth/Age : |
25.03.1959 |
|
Date of Appointment : |
01.01.1996 |
|
DIN No.: |
00182494 |
|
|
|
|
Name : |
Mr. Aditya Ajaykumar Singhania |
|
Designation : |
Director |
|
Address : |
302-B, Llyods Garden 1096-II, Appasaheb Marathe Marg, Prabhadevi,
Mumbai – 400025, Maharashtra, India |
|
Date of Birth/Age : |
04.01.1994 |
|
Date of Appointment : |
27.05.2013 |
|
DIN No.: |
06586198 |
KEY EXECUTIVES
|
Name : |
Mr. Narendra Rathod |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Ajaykumar Roshanlal Singhania |
439620 |
25.94 |
|
Arvind Roshanlal Singhania |
35010 |
2.07 |
|
Sheeladevi Roshanlal Singhania |
142500 |
8.41 |
|
Sunitadevi Ajaykumar Singhania |
165000 |
9.74 |
|
Roshanlal Singhania |
2500 |
0.15 |
|
Mamtadevi Arvind Singhania |
38500 |
2.27 |
|
Rakesh Chopra |
249070 |
14.70 |
|
Hari Jindal |
351820 |
20.76 |
|
Flexi Fernandes |
124635 |
7.35 |
|
David Chen |
131125 |
7.74 |
|
Ankita Singhania |
15000 |
0.89 |
|
Total |
1694780 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
50.55 |
|
Directors or relatives of Directors |
49.45 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer and Distributor of Computer Peripherals. |
|
|
|
|
Products : |
Computer Peripherals |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
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Products : |
Computer Parts |
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Countries : |
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|
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
200 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
Shetty And Somani Chartered Accountants |
|
Address : |
507-509, Sai Chambers, Near Railway Station, Santacruz (East), Mumbai –
400055, Maharashtra, India |
|
Tel. No.: |
91-22-61585960-69 |
|
Fax No.: |
91-22-61585970 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ABAPS7971F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associate Company : |
Rosh Infotech Private Limited |
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|
|
|
Other Related Party : |
· Sheeltron Digitals System · Singhania Infotech · Singhania Electronics |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1694780 |
Equity Shares |
Rs. 10/- each |
Rs. 16.948
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
16.948 |
16.948 |
16.948 |
|
(b) Reserves & Surplus |
50.405 |
46.895 |
44.336 |
|
(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) |
67.353 |
63.843 |
61.284 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.243 |
1.980 |
3.490 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
0.300 |
0.100 |
0.100 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
1.543 |
2.080 |
3.590 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
140.144 |
161.370 |
38.112 |
|
(b)
Trade payables |
32.948 |
32.272 |
35.601 |
|
(c)
Other current liabilities |
8.670 |
11.639 |
7.210 |
|
(d)
Short-term provisions |
3.283 |
4.968 |
3.093 |
|
Total
Current Liabilities (4) |
185.045 |
210.249 |
84.016 |
|
|
|
|
|
|
TOTAL |
253.941 |
276.172 |
148.890 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
11.405 |
12.352 |
15.563 |
|
(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) |
0.903 |
0.756 |
0.885 |
|
(d) Long-term Loan
and Advances |
0.676 |
0.683 |
0.782 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
12.984 |
13.791 |
17.230 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
81.708 |
51.502 |
45.690 |
|
(c)
Trade receivables |
89.892 |
53.338 |
68.646 |
|
(d)
Cash and cash equivalents |
63.370 |
149.119 |
6.503 |
|
(e)
Short-term loans and advances |
5.087 |
6.498 |
10.804 |
|
(f)
Other current assets |
0.900 |
1.924 |
0.017 |
|
Total
Current Assets |
240.957 |
262.381 |
131.660 |
|
|
|
|
|
|
TOTAL |
253.941 |
276.172 |
148.890 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
|
|
|
|
Income |
|
|
584.435 |
|
|
|
Other Income |
|
|
26.954 |
|
|
|
TOTAL |
616.689 |
637.913 |
611.389 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
610.101 |
631.208 |
604.911 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
6.588 |
6.705 |
6.478 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.632 |
2.338 |
2.765 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
4.956 |
4.367 |
3.713 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.426 |
1.807 |
1.005 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2.530 |
2.560 |
2.708 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.21 |
1.51 |
1.60 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
1000.000 |
|
|
|
|
|
The above information has been parted by Mr. Naredra Rathod (Accounts
Manager).
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.41
|
0.40 |
0.44 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA
|
0.64 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
1.96
|
1.59 |
2.51 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.07
|
0.07 |
0.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.10
|
2.56 |
0.68 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
in Millions) |
(Rs.
in Millions) |
(Rs.
in Millions) |
|
Share Capital |
16.948 |
16.948 |
16.948 |
|
Reserves & Surplus |
44.336 |
46.895 |
50.405 |
|
Net
worth |
61.284 |
63.843 |
67.353 |
|
|
|
|
|
|
long-term borrowings |
3.490 |
1.980 |
1.243 |
|
Short term borrowings |
38.112 |
161.370 |
140.144 |
|
Total
borrowings |
41.602 |
163.350 |
141.387 |
|
Debt/Equity
ratio |
0.679 |
2.559 |
2.099 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
in Millions) |
(Rs.
in Millions) |
(Rs.
in Millions) |
|
Total Income |
611.389 |
637.913 |
616.689 |
|
|
|
4.338 |
(3.327) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
in Millions) |
(Rs.
in Millions) |
(Rs.
in Millions) |
|
Total Income |
611.389 |
637.913 |
616.689 |
|
Profit |
2.708 |
2.560 |
2.530 |
|
|
0.44% |
0.40% |
0.41% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been shifted 305, Kalyandas Udyog Bhavan, Near Century Bazar, Worli, Mumbai – 400025, Maharashtra, India to the present address w.e.f.01.08.2011.
FINANCIAL RESULTS
The company has earned a Net Profit Rs. 4.956 Million and Rs. 1.632
Million provided for depreciation and amortization expenses. The company is
expecting to further increase its revenue during the current year.
UNSECURED LOAN
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and
advances from related parties |
|
|
|
Ajaykumar Roshanlal Singhania |
(0.197) |
2.335 |
|
Arvind Roshanlal Singhania |
0.162 |
0.162 |
|
Roshanlal Singhania |
(0.006) |
0.012 |
|
Ankita Singhania |
0.001 |
0.581 |
|
Mamtadevi Arvind Singhania |
0.019 |
0.019 |
|
Sunitadevi Ajaykumar Singhania |
0.003 |
0.142 |
|
Sheeladevi Roshanlal Singhania |
0.009 |
0.009 |
|
Total |
(0.009) |
3.260 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10301762 |
16/08/2013 * |
130,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. |
B84320647 |
CONTINGENT
LIABILITIES:
Contingent
Liabilities not provided for:
a)
Surety of Rs. 0.100 Million (in earlier years)
given by company to Sales Tax Department on behalf of Third Party.
b)
No liabilities have been provided for interest and
penalties that may be payable for violation of the laws applicable for
irregular and non-payment of TDS and VAT applicable to the company.
FIXED ASSETS
· Flat
· Furniture
· Computer
· Office Equipments
· Vehicles
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.66.16 |
|
|
1 |
Rs.100.65 |
|
Euro |
1 |
Rs.70.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
30 |
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.