MIRA INFORM REPORT

 

 

Report No. :

339281

Report Date :

05.09.2015

 

IDENTIFICATION DETAILS

 

Name :

INFINIUM SOLUTIONZ PRIVATE LIMITED

 

 

Registered Office :

A – 601/602, Samudra Complex, Near Klassic Gold Hotel, Off. C. G. Road, Navrangpura, Ahmedabad - 380009, Gujarat

Tel. No.:

91-9727747451 (Mr. Ninad Vora)

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

01.01.2008

 

 

Com. Reg. No.:

04-052502

 

 

Capital Investment / Paid-up Capital :

Rs. 43.380 Million

 

 

CIN No.:

[Company Identification No.]

U33112GJ2008PTC052502

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

AHMI01110E

 

 

PAN No.:

[Permanent Account No.]

AABCI8023R

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject is engaged in providing IT and ITEs related solutions for various Industrial, Logistic and Other Areas and also trading of Hardware and its allied items as well as dealing in Stock Derivatives.  

 

 

No. of Employees :

Not Divulged

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (41)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Maximum Credit Limit :

USD 153000

 

 

Status :

Satisfactory 

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having satisfactory track record.

 

For the financial year ended 2014, company possesses healthy operational performance and it has achieved growth in its revenue profile along with sound profitability margins maintained during a year under a review.

 

Rating also takes into consideration improved financial risk profile marked by modest net worth and favorable gap between trade payables to its receivables.

 

Trade relations are fair. Business is active. Payment terms are reported to be slow but correct.

 

In view of aforesaid, the company can be considered for business dealings at usual trade terms and condition.

 

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 31-03-2013.

 

 

INFORMATION DECLINED BY

 

Name :

Mr. Ninad Vora

Designation :

Finance Manager

Contact No.:

91-9727747451

Date :

03.09.2015

 

LOCATIONS

 

Registered Office :

A – 601/602, Samudra Complex, Near Klassic Gold Hotel, Off. C. G. Road, Navrangpura, Ahmedabad - 380009, Gujarat, India

Tel. No.:

Not Available

Mobile No.:

91-9727747451 (Mr. Ninad Vora)

Fax No.:

Not Available

E-Mail :

ninad.vora@infiniumsolutionz.com  

support@infiniumsolutionz.com

info@infiniumsolutionz.com

Website :

http://infiniumsolutionz.com

 

 

DIRECTORS

 

AS ON 31.07.2014

 

Name :

Mr. Aditya Shah Mahesh

Designation :

Managing director

Address :

12, Krishna Society, Near Law Gardern Nursery, Ellisbridge, Ahmedabad - 380006, Gujarat, India

Date of Birth/Age :

31.01.1982

Date of Appointment :

01.04.2010

DIN No.:

00952254

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

Company/ LLP Status

Defaulting status

1

U67190GJ2006PTC049502

RIDDHI SIDDHI TRADEINVEST PRIVATE LIMITED

Director

01/12/2006

01/12/2006

Active

NO

2

U67120GJ2007PTC051937

ADITYA TRADEINVEST PRIVATE LIMITED

Director

10/10/2007

10/10/2007

Active

NO

3

U33112GJ2008PTC052502

INFINIUM SOLUTIONZ PRIVATE LIMITED

Managing director

01/04/2010

01/01/2008

Active

NO

4

U74140GJ2009PTC057181

SKYTECH ENERGY SERVICES PRIVATE LIMITED

Director

01/12/2009

01/12/2009

Strike off

NO

5

U27310GJ2010PTC060663

REVA STEEL AND ENERGY PRIVATE LIMITED

Director

12/05/2010

12/05/2010

Active

NO

6

U74140GJ2011PTC065007

LEVEL FORTY TWO BUSINESS VENTURES PRIVATE LIMITED

Director

18/04/2011

18/04/2011

Active

NO

7

U72900GJ2011PTC067210

MOBILIUM INFOSYSTEMS PRIVATE LIMITED

Director

21/09/2011

21/09/2011

Strike off

NO

 

 

Name :

Mr. Tapan Jitendrakumar Gosaliya

Designation :

Whole-time director

Address :

C-4, Shefali Appartment, Near Lavanya Society, Vasana, Ahmedabad - 380007, Gujarat, India

Date of Birth/Age :

11.01.1980

Date of Appointment :

30.09.2010

DIN No.:

03209666

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

Company/ LLP Status

Defaulting status

1

U33112GJ2008PTC052502

INFINIUM SOLUTIONZ PRIVATE LIMITED

Whole-time director

30/09/2010

16/09/2010

Active

NO

2

U72900GJ2011PTC067210

MOBILIUM INFOSYSTEMS PRIVATE LIMITED

Director

21/09/2011

21/09/2011

Strike off

NO

 

KEY EXECUTIVES

 

Name :

Mr. Ninad Vora

Designation :

Finance Manager

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 31.07.2014

 

Names of Shareholders

No. of Shares

 

Aditya Mahesh Shah

805000

Mahesh Karsandas Shah

5000

Jitendra Amichand Gosaliya

278000

Maria V. Chauhan

40000

Jaishreeben Jitendrabhai Gosaliya

100000

Riddhi Siddhi Tradeinvest Private Limited, India

2125000

Aditya Tradeinvest Private Limited, India

985000

 

 

Total

 

4338000

 

 

 

 

AS ON 31.07.2014

 

Equity Share Breakup

Percentage of Holding

Category

 

Bodies corporate

71.69

Directors or relatives of directors

28.31

 

 

Total

 

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged in providing IT and ITEs related solutions for various Industrial, Logistic and Other Areas and also trading of Hardware and its allied items as well as dealing in Stock Derivatives.  

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Not Divulged

Name of the Person (Designation):

Not Divulged

Contact Number:

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 (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

No. of Employees :

Not Divulged

 

 

Bankers :

Bank Name:

Not Divulged

Branch:

Not Divulged

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 A/c Opening):

Not Divulged

Average Balance Maintained (Optional):

Not Divulged

Credit Facilities Enjoyed (CC/OD/Term Loan):

Not Divulged

Account Operation:

Not Divulged

Remarks:

Not Divulged

 

·          

 

 

Facilities :

SECURED LOANS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

SHORT TERM BORROWINGS

 

 

Kotak Mahindra Investment Limited

(secured against pledge of equity shares owned by holding company and relatives of directors)

7.071

0.000

 

 

 

Total

 

7.071

0.000

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Gattani and Associates

Chartered Accountants

Address :

1003, Samudra Annexe, Near Hotel Klassic Gold, Ellishbridge, Ahmedabad – 380006, Gujarat, India

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

AADFG1032F

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Associate Companies :

·         Aditya Trade Invest Private Limited

·         Reva Sleel and Energy Private Limited

·         Riddhi Siddhi Trade Invest Private Limited (U67190GJ2006PTC049502)

 

 

Enterprise over which key management personnel :

Siddhi Corporation

 

 

Related Parties :

·         Varun Corporation

·         Shah Desai and Company

·         Riddhi Enterprise

 

CAPITAL STRUCTURE

 

 

AS ON 31.03.2014

 

Authorised Capital : Rs. 43.600 Million

 

Issued, Subscribed & Paid-up Capital : Rs. 43.599 Million

 

 

 

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

4,360,000

Equity Shares

Rs. 10/- each

Rs. 43.600 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

4,338,000

Equity Shares

Rs. 10/- each

Rs. 43.380 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

43.380

20.055

12.280

(b) Reserves & Surplus

10.098

4.409

4.397

(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)

53.478

24.464

16.677

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

0.000

0.000

0.000

(b) Deferred tax liabilities (Net)

0.377

0.101

0.028

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

0.377

0.101

0.028

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

26.850

15.832

8.742

(b) Trade payables

6.230

2.608

4.768

(c) Other current liabilities

2.368

2.928

3.705

(d) Short-term provisions

10.685

5.143

2.936

Total Current Liabilities (4)

46.133

26.511

20.151

 

 

 

 

TOTAL

99.988

51.076

36.856

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

3.726

3.581

2.259

(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

0.412

0.297

0.200

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

4.138

3.878

2.459

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

29.213

30.165

20.880

(c) Trade receivables

54.300

9.626

6.918

(d) Cash and cash equivalents

2.213

0.546

2.699

(e) Short-term loans and advances

3.862

4.697

2.751

(f) Other current assets

6.262

2.164

1.149

Total Current Assets

95.850

47.198

34.397

 

 

 

 

TOTAL

99.988

51.076

36.856

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Income

260.117

151.912

105.149

 

 

Other Income

0.130

0.290

0.090

 

 

TOTAL                                     (A)

260.247

152.202

105.239

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                     (B)

248.831

149.042

103.097

 

 

 

 

 

 

PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)     (C)

11.416

3.160

2.142

 

 

 

 

 

Less

FINANCIAL EXPENSES                                    (D)

1.705

1.450

0.919

 

 

 

 

 

 

PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                               (E)

9.711

1.710

1.223

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

0.996

0.900

0.656

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX (E-F)                (G)

8.715

0.810

0.567

 

 

 

 

 

Less

TAX                                                                  (H)

3.026

0.798

0.440

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX (G-H)                  (I)

5.689

0.012

0.127

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

Export of Goods and Services

1.063

5.381

277597.930

 

 

 

 

 

 

Earnings Per Share (Rs.)

1.31

0.01

0.10

 

 

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 used in Operations

NA

NA

NA

 

 

KEY RATIOS

 

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin
(PAT / Sales)

 

(%)

2.19

0.01

0.12

 

 

 

 

 

Operating Profit Margin
(PBIDT/Sales)

 

(%)

4.39

2.08

2.04

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

8.75

1.60

1.55

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.16

0.03

0.03

 

 

 

 

 

Debt Equity Ratio

(Total Liability/Networth)

 

0.50

0.65

0.52

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

2.08

1.78

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

12.280

20.055

43.380

Reserves & Surplus

4.397

4.409

10.098

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

16.677

24.464

53.478

 

 

 

 

Long-term borrowings

0.000

0.000

0.000

Short term borrowings

8.742

15.832

26.850

Total borrowings

8.742

15.832

26.850

Debt/Equity ratio

0.524

0.647

0.502

 

 

 

 

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

105.149

151.912

260.117

 

 

44.473

71.229

 

 

 

 

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

105.149

151.912

260.117

Profit

0.127

0.012

5.689

 

0.12%

0.01%

2.19%

 

 

 

 

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

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

No

35

Negative Reporting by Auditors in the Annual Report

No

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10486765

30/04/2015 *

38,400,000.00

STATE BANK OF INDIA

NAVRANGPURA BRANCH C.G. ROAD, AHMEDABAD - 380009, GUJARAT, INDIA

C53780177

 

* Date of charge modification

 

 

UNSECURED LOANS

 

PARTICULARS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

SHORT TERM BORROWINGS

 

 

Book Overdraft

13.444

0.448

Loans and advances from related parties

6.335

15.384

 

 

 

Total

 

19.779

15.832

 

 

 

 

 

CORPORATE INFORMATION

 

The company incorporated under companies Act, 1956, domiciled in India. The company is engaged in providing IT and ITEs related solutions for various Industrial, Logistic and Other Areas. The company is also engaged in trading of Hardware and its allied items as well as dealing in Stock Derivatives.  

 

 

OPERATIONAL REVIEW

 

The financial data for the current year is quite impressive. During the year revenue from operation has increased to Rs. 260.100 Million from Rs. 151.900 Million in the last year. The net priofit after tax has increased to Rs. 5.689 Million as compared to net profit of Rs. 0.012 Million during the last year. The has continued its efforts on improving the market for its product and popularizing its use. Baring the unforeseen circumstances and the risks and concern, the management is hopeful to achieve better performance in the current financial year also.

 

 

CHANGE OF ADDRESS:

 

The Registered Office of the Company has been shifted from Mattu Chhaya – 9, Adhyapak Society, Old Sachivalay, Near Polytechnic, Ambawadi, Ahmedabad – 380015, Gujarat, India to the present address w.e.f. 01.04.2010.

 

 

CONTINGENT LIABILITIES:

 

Particulars

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

Outstanding Bank Guarantee

5.947

0.113


FIXED ASSETS:

 

·         Air conditioners

·         Furniture and fixtures

·         Computer Installation

·         Office Equipment

·         Mobile Phone 

 

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 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.66.40

UK Pound

1

Rs.101.19

Euro

1

Rs.73.89

 

 

INFORMATION DETAILS

 

Information Gathered by :

PPT

 

 

Analysis Done by :

KAR

 

 

Report Prepared by :

ARC

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILIRY

1~10

5

--LIQUIDITY

1~10

4

--LEVERAGE

1~10

4

--RESERVES

1~10

4

--CREDIT LINES

1~10

4

--MARGINS

-5~5

--

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

41

 

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.