MIRA INFORM REPORT
|
Report No. : |
346789 |
|
Report Date : |
27.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
BAEHAL SOFTWARE LIMITED |
|
|
|
|
Registered
Office : |
Airport Lane Hal Estate, Bangalore – 560017, Karnataka |
|
Tel. No.: |
91-80-25228683 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
09.02.1993 |
|
|
|
|
Com. Reg. No.: |
08-013983 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.60.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200KA1993PLC013983 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRB01547A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB8603R |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing Software Development and Maintenance Services. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 520000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated on 9th February, 1993. It is engaged into business of providing software development and maintenance services. It has fine track record. The company is operating on its owned funds. Further, it possesses a healthy financial risk profile marked by adequate networth base along with fair liquidity and profitability. Trade relations are reported as fair. Business is active. Payment are
reported to be regular and as per commitment. 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
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
Management Non Co-operative (91-80-25226332 / 25225418)
LOCATIONS
|
Registered Office : |
Airport Lane Hal Estate, Bangalore – 560017, Karnataka, India |
|
Tel. No.: |
91-80-25228683 / 25226332 / 25225418 |
|
Fax No.: |
91-80-25220915 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Leased |
|
|
|
|
Branches : |
C/o Hindustan Aeronautics Limited, Baroda House, 32 City Road, London,
EC1Y 2BD, UK |
|
Tel. No.: |
+4402076380444 |
|
Fax No.: |
+4402076380555 |
|
Location : |
Rented |
DIRECTORS
|
Name : |
Mr. Michael Christie |
|
Designation : |
Director |
|
Address : |
Upper Mill House, Mill Lane, North Cave, Brough, Hu152lr, United
Kingdom |
|
Date of Birth/Age : |
10.06.1963 |
|
Qualification : |
Degree Holder |
|
Experience : |
28 Years |
|
Date of Appointment : |
29.06.2009 |
|
DIN No.: |
02721153 |
|
|
|
|
Name : |
Mr. Mohammed Mazhar Ali Quraishi |
|
Designation : |
Director |
|
Address : |
Room No.14, Hal Guest House, Senior Officers's Enclave, Old Madras Road,
Bangalore - 560093, Karnataka, India |
|
Date of Birth/Age : |
10.11.1958 |
|
Qualification : |
Degree Holder |
|
Experience : |
32 Years |
|
Date of Appointment : |
16.11.2013 |
|
DIN No.: |
06758178 |
|
|
|
|
Name : |
Mr. Nemichandramma |
|
Designation : |
Director |
|
Address : |
401, Vijay Tower, 2nd Main, Rpc Layout, Vijayanagar, 2nd Stage,
Bangalore - 560040, Karnataka, India |
|
Date of Birth/Age : |
16.05.1959 |
|
Qualification : |
Degree Holder |
|
Experience : |
31 Years |
|
Date of Appointment : |
16.11.2013 |
|
DIN No.: |
06779136 |
|
|
|
|
Name : |
Mr. Alun Fishburne |
|
Designation : |
Director |
|
Address : |
Hadley, Holywell, St. Lves, Cambridgeshire, UK, PE27 4TQ |
|
Date of Birth/Age : |
16.05.1959 |
|
Qualification : |
Degree Holder |
|
Experience : |
31 Years |
|
Date of Appointment : |
16.11.2013 |
|
DIN No.: |
06779136 |
KEY EXECUTIVES
|
Name : |
Mr. Manoharan A |
|
Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Hindustan Aeronautics Limited |
2940000 |
49.00 |
|
BAeHAL Employees Trust |
660000 |
11.00 |
|
BAE Systems Plc |
2400000 |
40.00 |
|
|
|
|
|
Total |
6000000 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Software Development and Maintenance Services. |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Ganapath Raj and Company Chartered Accountants |
|
Address : |
F113, Central Chamber, 2nd Main, Gandhi Nagar, Gandhi Nagar, Bangalore - 560009, Karnataka, India |
|
Tel. No.: |
91-80-22262821 |
|
|
|
|
Memberships : |
Not Divulged |
|
|
|
|
Collaborators : |
Not Divulged |
|
|
|
|
Joint venture
partners : |
|
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Million |
|
|
|
|
|
Issued, Subscribed
& Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000 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 |
60.000 |
60.000 |
60.000 |
|
(b) Reserves & Surplus |
120.823 |
115.504 |
133.815 |
|
(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) |
180.823 |
175.504 |
193.815 |
|
|
|
|
|
|
(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 |
8.369 |
5.514 |
5.698 |
|
Total Non-current
Liabilities (3) |
8.369 |
5.514 |
5.698 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
18.671 |
|
(b) Trade
payables |
29.730 |
37.045 |
54.104 |
|
(c) Other
current liabilities |
43.633 |
24.214 |
20.725 |
|
(d) Short-term
provisions |
14.165 |
9.558 |
20.437 |
|
Total Current
Liabilities (4) |
87.528 |
70.817 |
113.937 |
|
|
|
|
|
|
TOTAL |
276.720 |
251.835 |
313.450 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
17.613 |
11.104 |
17.493 |
|
(ii)
Intangible Assets |
2.291 |
3.102 |
12.890 |
|
(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 |
0.919 |
|
(d) Long-term Loan and Advances |
56.740 |
45.659 |
125.084 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
76.644 |
59.865 |
156.386 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
92.319 |
87.422 |
118.851 |
|
(d) Cash
and cash equivalents |
76.131 |
54.455 |
10.830 |
|
(e) Short-term
loans and advances |
11.798 |
18.414 |
13.989 |
|
(f) Other
current assets |
19.828 |
31.679 |
13.394 |
|
Total
Current Assets |
200.076 |
191.970 |
157.064 |
|
|
|
|
|
|
TOTAL |
276.720 |
251.835 |
313.450 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
243.284 |
223.074 |
262.215 |
|
|
|
Other Income |
13.014 |
7.454 |
6.138 |
|
|
|
TOTAL (A) |
256.298 |
230.528 |
268.353 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
53.141 |
40.143 |
48.390 |
|
|
|
Employee Benefits Expenses |
140.349 |
125.723 |
162.917 |
|
|
|
Other Expenses |
39.624 |
35.071 |
58.882 |
|
|
|
Advance Taxes and Tax Deducted at Source Written off |
0.000 |
0.000 |
7.779 |
|
|
|
TOTAL (B) |
233.114 |
200.937 |
277.968 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
23.184 |
29.591 |
(9.615) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.073 |
0.052 |
0.914 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
23.111 |
29.539 |
(10.529) |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
7.256 |
10.305 |
13.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
15.855 |
19.234 |
(23.929) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.075 |
1.052 |
5.591 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
15.780 |
18.182 |
(29.520) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.63 |
3.03 |
(4.92) |
|
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 / (used in) operations |
49.924 |
48.904 |
37.275 |
|
Net cash generated by operating activities |
39.894 |
47.851 |
17.414 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
6.49 |
8.15 |
(11.26) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
9.53 |
13.27 |
(3.67) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.73 |
7.64 |
(7.66) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.11 |
(0.12) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.10 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.29 |
2.71 |
1.38 |
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 |
60.000 |
60.000 |
60.000 |
|
Reserves & Surplus |
133.815 |
115.504 |
120.823 |
|
Net
worth |
193.815 |
175.504 |
180.823 |
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
18.671 |
0.000 |
0.000 |
|
Total
borrowings |
18.671 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.096 |
0.000 |
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 |
262.215 |
223.074 |
243.284 |
|
|
|
(14.927) |
9.060 |
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
|
262.215 |
223.074 |
243.284 |
|
Profit |
(29.520) |
18.182 |
15.780 |
|
|
(11.26%) |
8.15% |
6.49% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
SEGMENT REPORTING
The Company is in
the business of providing software development and maintenance services.
Accordingly,
revenues represented along type of service comprise the primary basis of
segmental information set out in these financial statements. Secondary segmental
reporting is performed on the basis of the geographical location of customers.
The accounting principles consistently used in the preparation of the financial
statements are also consistently applied to record income and expenditure in
individual segments. These are as set out in the significant accounting
policies. The only segment by service type is software services. Hence, since
the Company comprises a single business segment, disclosures pertaining to the
primary segment have not been presented as they are available directly from the
financial statements.
Segment assets,
segment liabilities and fixed assets used in the Company's business have not
been identified to any reportable segment as these are used are interchangeably
between segments and hence, Management believes that it is not practical to
provide segment disclosures relating to total carrying amount of segment assets
and segment liabilities, since a meaningful segregation is not possible. All
fixed assets of the Company are located in India. Customer relationships are
driven based on the location of the respective client. Geographical revenues
are segregated based on the location of the customer who is invoiced or in
relation to which the revenue is otherwise recognized.
COMPANY OVERVIEW
BAeHAL Software
Limited (‘BAeHAL’) is a Joint Venture Company owned by Hindustan Aeronautics
Limited, India and BAE Systems, UK. The Company was set up as an Export
Oriented Unit for providing software services. BAeHAL has been providing
software development and maintenance services for a number of clients in UK,
Europe and India. It specializes in areas such as Real-Time Embedded Software
Development, Avionics Simulation, Engineering Services, Database Management,
Content Management Solutions and Enterprise Business Solutions. The Company
provides total solutions including hardware and software which covers the
entire software life cycle encompassing consulting, design, development,
reengineering, maintenance, systems integration and package evaluation and
implementation.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10041532 |
20/08/2014 * |
71,000,000.00 |
SYNDICATE BANK |
INDUSTRIAL FINANCE BRANCH, MANIPAL CENTRE, II FLOOR, DICKENSON ROAD, BANGALORE, KARNATAKA - 560001, INDIA |
C33660531 |
*Date of modification Charges
TRADE REFERENCES
·
HAL, Old Airport Road, Bangalore – 560102,
Karnataka, India
·
BEL, Jalahalli, Bangalore –
560013,
Karnataka, India
· ISRO Telemetry Tracking and Command Network (ISTRAC), Plot No. 12 & 13, 3rd Main, 2nd phase, Peenya Industrial Area, Bangalore – 560058, Karnataka, India
·
LRDE, C V Raman Nagar, Bangalore – 560093,
Karnataka, India
FIXED ASSETS:
· Plant and equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Software
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 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.64.96 |
|
|
1 |
Rs.99.55 |
|
Euro |
1 |
Rs.71.64 |
INFORMATION DETAILS
|
Information Gathered
by : |
KMN |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
53 |
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.