MIRA INFORM REPORT

 

 

Report No. :

351567

Report Date :

25.11.2015

 

IDENTIFICATION DETAILS

 

Name :

EQUIFAX ANALYTICS PRIVATE LIMITED

 

 

Registered Office :

A Wing, 5th Floor, Maruthi Infotech Centre, Amar Jyothi layout, Koramangala Inner Ring Road, Bangalore – 560071, Karnataka

Tel. No.:

91-80-43577500

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

17.04.2007

 

 

Com. Reg. No.:

08-042517

 

 

Capital Investment / Paid-up Capital :

Rs.5.475 Million

 

 

CIN No.:

[Company Identification No.]

U72900KA2007PTC042517

 

 

IEC No.:

Not Divulged

 

 

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 :

Subject is into software development and providing business analysis services mainly banking and financial institutions.

 

 

No. of Employees :

Information declined by the management

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (52)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 260000

 

 

Status :

Good 

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject is a subsidiary of “EFX Holding Limited”, Mauritius

 

It is an established company incorporated in the year 2007 having good track record.

 

Available financial indicates sound financial risk profile marked by healthy net worth base along with zero debt and decent profit margin of the company.

 

Management has also reported a significant growth in its profit during FY 2014.

 

The company also receives strong managerial and financial support from its holding company.

 

Trade relations are reported as fair. Business is active. Payments terms are reported to be regular and as per commitment.

 

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.

 

 

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

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 DENIED BY

 

Name :

Mr. Srivivas Prasad

Designation :

Account Assistant

Contact No.:

91-80-43577500

Date :

24.11.2015

 

Name :

Mr. Saurav Halder

Designation :

Finance Controller

Contact No.:

91-7045040607

Date :

24.11.2015

 

 

LOCATIONS

 

Registered Office :

A Wing, 5th Floor, Maruthi Infotech Centre, Amar Jyothi layout, Koramangala Inner Ring Road, Bangalore – 560071, Karnataka, India

Tel. No.:

91-80-43577500 / 49269999

Mobile No.:

91-7045040607 (Mr. Saurav Halder)

Fax No.:

Not Available

E-Mail :

sourav.halder@equifax.in

nitin.gupta@nettpositive.com

Website :

www.nettpositive.com

 

 

DIRECTORS

 

As on 08.09.2014

 

Name :

Mr. Shawn Kevin Baldwin

Designation :

Director

Address :

963 Blue Ridge Avenue, Atlanta - 30306, , United States Of America

Date of Appointment :

30.09.2015

DIN No.:

07293277

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U72900MH2008PTC221470

Equifax Software Systems Private Limited

Additional director

21/09/2015

21/09/2015

-

Active

NO

2

U72900KA2007PTC042517

Equifax Analytics Private Limited

Director

30/09/2015

22/09/2015

-

Active

NO

 

 

Name :

Mr. Manu Sehgal

Designation :

Director

Address :

A - 301, 3rd Floor, Golden Square, Kalina Sundar Nagar, Santacruz East, Mumbai - 400055, Maharashtra, India

Date of Appointment :

09.02.2015

DIN No.:

06489484

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U72900MH2008PTC221470

Equifax Software Systems Private Limited

Director

27/09/2013

05/01/2013

-

Active

NO

2

U72900KA2007PTC042517

Equifax Analytics Private Limited

Director

09/02/2015

28/03/2013

-

Active

NO

 

 

Name :

Charles Huntington Jackson

Designation :

Director

Address :

2052 La Dawn Lane , N.W., Atlanta -  30318, , United States Of America

Date of Appointment :

13.03.2015

DIN No.:

07109004

 

 

Name :

Mr. Manu Sehgal

Designation :

Director

Address :

A – 301, 3rd Floor, Golden Square, Kalina Sunder Nagar, Santa Cruz East, Mumbai – 400055, Maharashtra, India

Date of Birth/Age :

28.09.1973

Date of Appointment :

09.02.2015

DIN No.:

06489484

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U72900MH2008PTC221470

Equifax Software Systems Private Limited

Director

27/09/2013

05/01/2013

-

Active

NO

2

U72900KA2007PTC042517

Equifax Analytics Private Limited

Director

09/02/2015

28/03/2013

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Srivivas Prasad

Designation :

Account Assistant

 

 

Name :

Mr. Saurav Nalder

Designation :

Finance Controller

 

 

Name :

Singhal and Associates

Designation :

Company Secretaries

Address :

05, Saraswati Mandir, S.K. Road, Meerut – 250001, India

Mobile No.:

91-9808483964

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 08.09.2014

 

Names of Shareholders

 

No. of Shares

Nitin Gupta

 

1189138

Viraj Tyagi

 

1189138

EFX Holding Limited

 

2792371

Shibashish Ghosh

 

40940

Atul Shinghal

 

13531

Suchitra Neschal

 

14433

Abhishek Singh

 

79798

Ramprasad Sathanam

 

155887

Total

 

5475236

 

 

LIST OF ALLOTTEES

 

As on 17.11.2014

 

 

Names of Allottees

 

No. of Shares

EFX Holding Limited

 

97159

Total

 

97159

 

 

Equity Share Break up (Percentage of Total Equity)

 

As on 08.09.2014

 

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

51.00

Directors or relatives of Directors

43.44

Other top fifty shareholders

5.56

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is into software development and providing business analysis services mainly banking and financial institutions.

 

 

Products :

Not Divulged

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

PRODUCTION STATUS NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

Information declined by the management

 

 

Bankers :

Bank Name

Axis Bank Limited

Branch

No. 119.80 Feet Road, 7th Block, Industrial Layout, Koramangala, Bangalore – 560095, Karnataka, India

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

Secured Loan

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

Short-term borrowings

 

 

From Bank Overdraft

0.000

4.604

Total

0.000

4.604

Note

 

Short Term Borrowing

 

(First charges on the asset of the company, both present and future) Other security 1) CGTMSE Guarnatee Cove, 2) Guarantees of the director of the company

 

Auditors :

 

Name :

Singhi and Company

Chartered Accountants

Address :

F-113, 5D, Central Chambers, 2nd Main Gandhinagar, Bangalore – 560009, Karnataka, India

PAN N Income-tax PAN of auditor or auditor's firm :

AASFS9578D

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Subsidiaries :

·         Nett Positive INC

·         Nett Positive Analysis FZE, UAE

·         Nett Positive Business Intelligence Solutions Private Limited

 

 

Enterprises controlled by the director :

Nett Positive CRM Services

 

 

Associates :

Equifax Credit Information Services Private Limited

 

 

Holding Company :

EFX Holding Limited

 

 

Ultimate Holding Company :

EFX INC

 

 

CAPITAL STRUCTURE

 

After 08.09.2014

 

Authorised Capital : Rs. 15.000 Million

 

Issued, Subscribed & Paid-up Capital : Rs. 11.145 Million

 

 

As on 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

9500000

Equity Shares

Rs.10/- each

Rs.9.500 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

5475236

Equity Shares

Rs.10/- each

Rs.5.475 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

5.475

5.475

5.159

(b) Reserves & Surplus

86.290

49.267

42.118

(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)

91.765

54.742

47.277

 

 

 

 

(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

0.000

0.000

0.000

(d) long-term provisions

2.646

1.835

0.000

Total Non-current Liabilities (3)

2.646

1.835

0.000

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

4.604

2.680

(b) Trade payables

7.186

2.943

1.643

(c) Other current liabilities

9.182

17.104

7.689

(d) Short-term provisions

36.517

0.024

7.468

Total Current Liabilities (4)

52.885

24.675

19.480

 

 

 

 

TOTAL

147.296

81.252

66.757

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

4.578

2.087

2.138

(ii) Intangible Assets

18.039

14.139

11.370

(iii) Capital work-in-progress

0.000

0.000

0.000

(iv) Intangible assets under development

13.302

13.083

3.747

(b) Non-current Investments

3.017

3.017

1.794

(c) Deferred tax assets (net)

1.481

1.101

1.077

(d)  Long-term Loan and Advances

4.582

3.561

3.542

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

44.999

36.988

23.668

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

30.929

16.054

26.624

(d) Cash and cash equivalents

5.868

0.934

1.008

(e) Short-term loans and advances

7.653

7.225

10.789

(f) Other current assets

57.847

20.051

4.668

Total Current Assets

102.297

44.264

43.089

 

 

 

 

TOTAL

147.296

81.252

66.757

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Gross Income

213.252

111.717

86.401

 

TOTAL

213.252

111.717

86.401

 

 

 

 

 

Less

TOTAL EXPENSES

141.086

100.114

63.644

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

72.166

11.603

22.757

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

10.909

6.514

5.634

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

61.257

5.089

17.123

 

 

 

 

 

Less

TAX

24.234

2.671

4.919

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

37.023

2.418

12.204

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

Service Income

90.587

19.663

30.896

 

Reimbursement of expenses

1.673

0.281

0.000

 

TOTAL EARNINGS

92.260

19.944

30.896

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

 6.76

0.44

 2.23

 

 

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 flow from operating activity

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

17.36

2.16

14.12

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

47.30

7.95

28.47

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.67

0.09

0.36

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.00

0.08

0.06

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.93

1.79

2.21

 

 

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

5.159

5.475

5.475

Reserves & Surplus

42.118

49.267

86.290

Net worth

47.277

54.742

91.765

 

 

 

 

long-term borrowings

0.000

0.000

0.000

Short term borrowings

2.680

4.604

0.000

Total borrowings

2.680

4.604

0.000

Debt/Equity ratio

0.057

0.084

0.000

 

 

 

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

86.401

111.717

213.252

 

 

29.301

90.886

 

 

 

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

86.401

111.717

213.252

Profit

12.204

2.418

37.023

 

14.12%

2.16%

17.36%

 

 

 

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

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

 

 

FINANCIAL RESULTS

 

During the year the company achieved total income increased to Rs. 213.252 Million against Rs. 111.717 Million. The Expenses incurred Rs. 155.605 Million as against Rs. 106.628 Million. The directors are continuously looking for avenue of future growth of the company.

 

 

CORPORATE INFORMATION

 

Net Positive Business Analysis Private Limited was incorporated on 17.04.2007 with its registered office in Bangalore, India. The Company is into software development and providing business analysis services mainly banking and financial institutions.

 

 

PRESS RELAESE

 

EQUIFAX ACQUIRES BANGALORE-BASED ANALYTICS FIRM NETTPOSITIVE

 

BANGALORE: Global information service provider Equifax plans to acquire the remaining 49% stake in Bangalore-based data analytics and business intelligence company NettPositive subject to regulatory approvals.

 

NettPositive, founded by Viraj Tyagi and Nitin Gupta in 2007, provides analytics and business intelligence solutions to the financial services, insurance, retail and telecommunications industries in India, the Middle East and Africa.

 

Equifax had acquired 51% stake in the Bangalore-based company for an undisclosed sum in 2012.

 

With this transaction, NettPositive will become an operating entity Of Equifax India. The combination of data and analytics will allow Equifax India to give its customers a more complete, comprehensive picture of the consumers it is serving today - as well as the ones it wishes to embrace in the future," said Shahid Charania, managing director of Emerging Markets, Equifax.


He said that Equifax India has signed up 125 financial institution customers to its credit bureau and surpassed 400 million. US-based Equifax operates in 15 countries through North America, Latin America, Europe and Asia. It organizes and assimilates data on more than 600 million consumers and 81 million businesses worldwide.

 

UJJIVAN TIES UP WITH IBM, EQUIFAX FOR DATA ANALYTICS

 

Microfinance institution Ujjivan Financial Services today said it has partnered with IBM and Equifax for data warehousing, business intelligence (BI) and analytics. 


With this, Ujjivan will be able to timely tap business opportunities, manage credit risk effectively and design products based on customer behavioural pattern, the Bengaluru-based microlender said in a release here today.

"We are the first MFI to embrace this paradigm to achieve financial inclusion," Ujjivan's MD Samit Ghosh said. 

****** 

Over 150 players attend machine tool expo * Over 150 global and domestic exhibitors participated in a four-day show on the machine tool sector in New Delhi. 


Exhibitors from countries including China, Germany, France and the US took part in the 'India Machine Tools Show', organised by K and D Communication, a domestic firm which is into organising exhibitions and fairs. 

"During the four days, the main focus was on innovation and better manufacturing in India's machine tool sector, in line with the 'Make in India' campaign," a statement said. 


****** 
Edutor Technologies teams up with Pearson * Edutor Technologies has joined hands with global education company Pearson to provide digital textbooks to students in South Africa. 


Over 11,000 students across 13 campuses at CTI Education Group (CTI) and Midrand Graduate Institute (MGI) will receive digital textbooks on their tablets, Edutor Technologies said in a release. 


"Our experience in India shows that device-based learning is a game changer and can go a long way towards making learning engaging, interactive and immersive for students," Edutor Technologies CEO Ram Gollamudi said.

 

 

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

 

 

FIXED ASSETS

 

·         Plant and machinery

·         Computer and Accessories

·         Office equipment

·         Communication Equipment’s

·         Vehicle

·         Furniture

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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.66.38

UK Pound

1

Rs.100.45

Euro

1

Rs.70.55

 

 

INFORMATION DETAILS

 

Information Gathered by :

SVA

 

 

Analysis Done by :

DIV

 

 

Report Prepared by :

SUJ

 

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

6

--LIQUIDITY

1~10

6

--LEVERAGE

1~10

6

--RESERVES

1~10

7

--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

 

52

 

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

 

--

 

 

 

 

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.