MIRA INFORM REPORT
|
Report No. : |
350675 |
|
Report Date : |
19.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
SKIDATA (INDIA) PRIVATE LIMITED (w.e.f. 21.01.2009) |
|
|
|
|
Formerly Known
As : |
HINDITRON CONSULTING SERVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Manisha Building, 69/A, L J Jagmohandas Marg, Mumbai- 400006, Maharashtra |
|
Tel. No.: |
91-22-23634035 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
03.12.2004 |
|
|
|
|
Com. Reg. No.: |
11-149816 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.196 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200MH2004PTC149816 |
|
|
|
|
IEC No.: |
0304068381 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMH08493C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCH4929H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of providing electronic
car and people access management systems as well as undertaking installation
and commissioning contracts for systems directly imported by the company for
the clients. The company acts as a distributor of Skidata AG, Austria for
marketing and support of access management systems and ticketing solutions
for controlled access of persons and vehicle to building and venues. |
|
|
|
|
No. of Employees
: |
45 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
SKIDATA (India) Private Limited is a 49:51 joint venture company between “SKIDATA AG, Austria” and “Hinditron, India”. The company was incorporated in the year 2004 and it provides solutions and support in the space of car access, parking management and people access. As per Registrar of Companies, the date of balance sheet (i.e. financial field) is shown as 31.03.2015 but the documents related to the financials are not available from any source. However, as per 2014 financial, company possesses decent financial position with good net worth base, favourable liquidity position and zero borrowings recorded in the books. Trade relations are reported as fair. Business is active. Payments are reported to be usually 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.
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 (GENERAL DETAILS)
|
Name : |
Mr. Hemal |
|
Designation : |
Manager Accounts |
|
Contact No.: |
91-22-42181000 |
|
Date : |
19.11.2015 |
LOCATIONS
|
Registered Office : |
Manisha Building 69/A, L J Jagmohandas Marg, Mumbai- 400006, Maharashtra, India |
|
Tel. No.: |
91-22-23634035 |
|
Fax No.: |
91-22-23630197 |
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E-Mail : |
|
|
Website : |
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|
Location : |
Rented |
|
|
|
|
Head Office : |
23-B, Industry House, Mahal Industrial Estate, Mahakali Caves Road,
Andheri (East), Mumbai-400093, Maharashtra, India |
|
Location : |
Rented |
DIRECTORS
As on 31.03.2015
|
Name : |
Mr. Kamlesh Shantilal Sonawala |
|
Designation : |
Director |
|
Address : |
Manisha Building, 69/A, L. Jagmohandas Marg, Nepean Sea Road, Mumbai-400006, Maharashtra, India |
|
Date of Birth/Age : |
06.09.1942 |
|
Date of Appointment : |
03.12.2004 |
|
DIN No.: |
00086432 |
|
|
|
|
Name : |
Mr. Dilip Jayantilal Thakkar |
|
Designation : |
Director |
|
Address : |
Little Gibbs Road, 12/B Acropolis, Malabar Hill, Mumbai-400006, Maharashtra, India |
|
Date of Birth/Age : |
01.10.1936 |
|
Date of Appointment : |
28.12.2006 |
|
DIN No.: |
00007339 |
|
|
|
|
Name : |
Mr. Robert Ing Weiskopf |
|
Designation : |
Director |
|
Address : |
Main Residence, Adnet 245, Adnet Municipal Code 50202, Adnet, 5421, , Austria |
|
Date of Birth/Age : |
14.03.1961 |
|
Date of Appointment : |
10.07.2008 |
|
DIN No.: |
02255702 |
|
|
|
|
Name : |
Mr. Nimish Kamlesh Sonawala |
|
Designation : |
Director |
|
Address : |
Flat No. 7-B, 7th Floor, Brighton Bldg. No.1, 68 Rungta Lane, Malabar Hill, Mumbai-400006, Maharashtra, India |
|
Date of Birth/Age : |
01.01.1972 |
|
Date of Appointment : |
28.08.2008 |
|
DIN No.: |
00144270 |
|
|
|
|
Name : |
Mr. Hugo Simon Benno Rohner |
|
Designation : |
Director |
|
Address : |
Untersbergstrasse 40, Grodig Muncipality Code 50314, Grodig, 5083, Switzerland |
|
Date of Birth/Age : |
30.07.1973 |
|
Date of Appointment : |
12.09.2012 |
|
DIN No.: |
03010363 |
KEY EXECUTIVES
|
Name : |
Mr. Hemal |
|
Designation : |
Manager Accounts |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 25.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Kamlesh S Sonawala |
|
1 |
|
Bhavika N Sonawala |
|
3331 |
|
Nimish K Sonawala |
|
6668 |
|
Skidata AG, Austria |
|
9608 |
|
Total |
|
19608 |
Equity Share Break up (Percentage of Total Equity)
As on 25.09.2014
|
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 |
83.01 |
|
Directors or relatives of Directors |
16.99 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20350675_MIRA%2019-Nov-2015_files/image014.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of providing electronic
car and people access management systems as well as undertaking installation and
commissioning contracts for systems directly imported by the company for the
clients. The company acts as a distributor of Skidata AG, Austria for
marketing and support of access management systems and ticketing solutions
for controlled access of persons and vehicle to building and venues. |
|
|
|
|
Products/ Services : |
Providing solutions and support in the space of car access |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
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|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
Austria ·
Germany ·
Dubai ·
Spain |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
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|
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
45 (Approximately) |
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Bankers : |
|
|
Auditors : |
|
|
Name : |
Kalyaniwalla and Mistry Chartered Accountants |
|
Address : |
Kalpataru Heritage, 127 Mahatma Gandhi Road, Mumbai-400001, Maharashtra, India |
|
Tel. No.: |
91-22-65187200 |
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Fax No.: |
91-22-22673964 |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFK7554R |
|
|
|
|
Memberships : |
-- |
|
|
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Collaborators : |
-- |
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|
|
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Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 25.09.2014
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 |
|
|
|
|
|
|
19,608 |
Equity Shares |
Rs.10/- each |
Rs. 0.196
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 |
0.196 |
0.196 |
0.196 |
|
(b) Reserves & Surplus |
121.073 |
101.153 |
105.875 |
|
(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) |
121.269 |
101.349 |
106.071 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.480 |
2.477 |
4.781 |
|
(d) long-term
provisions |
0.148 |
0.768 |
1.126 |
|
Total Non-current
Liabilities (3) |
0.628 |
3.245 |
5.907 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
13.829 |
16.010 |
24.198 |
|
(c) Other
current liabilities |
10.504 |
9.931 |
11.606 |
|
(d) Short-term
provisions |
3.709 |
15.062 |
5.471 |
|
Total Current
Liabilities (4) |
28.042 |
41.003 |
41.275 |
|
|
|
|
|
|
TOTAL |
149.939 |
145.597 |
153.253 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
7.401 |
8.660 |
6.361 |
|
(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) |
0.967 |
1.446 |
0.655 |
|
(d) Long-term Loan and Advances |
6.364 |
3.402 |
3.451 |
|
(e) Other
Non-current assets |
13.005 |
71.061 |
72.110 |
|
Total Non-Current
Assets |
27.737 |
84.569 |
82.577 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
10.753 |
13.836 |
8.525 |
|
(c) Trade
receivables |
37.600 |
44.461 |
58.986 |
|
(d) Cash
and cash equivalents |
71.453 |
0.883 |
1.393 |
|
(e)
Short-term loans and advances |
1.354 |
0.894 |
0.000 |
|
(f) Other
current assets |
1.042 |
0.954 |
1.772 |
|
Total
Current Assets |
122.202 |
61.028 |
70.676 |
|
|
|
|
|
|
TOTAL |
149.939 |
145.597 |
153.253 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
TOTAL REVENUE |
213.850 |
127.810 |
128.050 |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
19.920 |
6.761 |
8.024 |
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
Commission Income |
NA |
NA |
0.771 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share (Rs.) |
1015.91 |
344.80 |
409.22 |
%20PRIVATE%20LIMITED%20-%20350675_MIRA%2019-Nov-2015_files/image003.gif){kind=small}
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Total revenue) |
(%) |
9.31 |
5.29 |
6.27 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
NA |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
NA |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.36 |
1.49 |
1.71 |
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 |
0.196 |
0.196 |
0.196 |
|
Reserves & Surplus |
105.875 |
101.153 |
121.073 |
|
Net
worth |
106.071 |
101.349 |
121.269 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
%20PRIVATE%20LIMITED%20-%20350675_MIRA%2019-Nov-2015_files/image016.gif)
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 revenue |
128.050 |
127.810 |
213.850 |
|
|
|
(0.187) |
67.319 |
%20PRIVATE%20LIMITED%20-%20350675_MIRA%2019-Nov-2015_files/image018.gif)
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 revenue |
128.050 |
127.810 |
213.850 |
|
Profit |
8.024 |
6.761 |
19.920 |
|
|
6.27% |
5.29% |
9.31% |
%20PRIVATE%20LIMITED%20-%20350675_MIRA%2019-Nov-2015_files/image020.gif)
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 |
No |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
Yes |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
No |
|
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 |
Yes |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX
OF CHARGES NO CHARGES EXIST FOR COMPANY
CORPORATE INFORMATION
The company is engaged in the business of providing electronic car and people access management systems as well as undertaking installation and commissioning contracts for systems directly imported by the company for the clients. The company acts as a distributor of Skidata AG, Austria for marketing and support of access management systems and ticketing solutions for controlled access of persons and vehicle to building and venues.
OPERATIONS:
The Company in the
capacity of a Joint Venture between SKIDATA AG and Mr. Nimish Sonawala, along
with some complimentary companies addresses the SAARC market.
The company
provides solutions and support in the space of Car Access, Parking Management
and People Access.
During the year,
in addition to growing the number of prestigious shopping malls on its customer
list, the Company continues to make further inroads into the airports and commercial
complex vertical. 'The Company saw a major spurt in their relationship with
BCCI, supplying and supporting major stadiums participating in international
and Indian cricketing events of the caliber of the Cricket World Cup and Indian
Premier League.
The company is
also generating income from maintenance contracts from existing customers and
in the consulting space, with a mind to engage customers from an early stage of
development in retail, commercial and mixed development projects.
The Director reports
that the period under review, the Company's total revenues was Rs. 213.850
million compared to Rs. 127.810 million in the previous year.
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
Guarantees issued by banks on behalf pf the
company |
24.817 |
17.116 |
|
Loyalty bonus Payable to employees |
0.931 |
0.000 |
FIXED ASSETS
· Vehicle
· Furniture and fixture
· Office equipment
· Computer
· Leasehold Improvement
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.66.29 |
|
|
1 |
Rs.101.88 |
|
Euro |
1 |
Rs.73.98 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
49 |
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.