MIRA
INFORM REPORT
|
Report Date : |
10.05.2007 |
IDENTIFICATION DETAILS
|
Name : |
DUN AND BRADSTREET PREDICTIVE SCIENCES AND ANALYTICS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
L-302, Atrium, 22, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
23.01.2007 |
|
|
|
|
Com. Reg. No.: |
18-62129 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U72200TN2007FTC062129 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
To plan, design, develop, improve, market, distribute, sell, licence,
lease, install, alter, maintain, import, export, consult on or otherwise deal
in and provide Predictive Analytics Services including statistical modeling,
development of algorithms based on statistical analysis of any data on
subjects with a view to interpreting the same and predicting behaviour of the
said subjects, providing consulting services in analytics. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average/normal. |
Small |
|
Maximum Credit Limit : |
|
|
|
|
|
Status : |
New Company |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of Dun and Bradstreet Mauritius Holdings, It is a new company and yet to commence business. The company
currently uses the infrastructure of Dun and Bradstreet It can be considered normal for business dealings at usual trade terms
and conditions on merits. |
LOCATIONS
|
Registered Office : |
L-302, Atrium, 22, |
|
E-Mail : |
|
|
|
|
|
Chennai Office : |
Dun & Bradstreet Predictive Sciences & Analytics
Private Limited Prince Infocity, 9th Floor, Plot No. 286/1, |
|
Tel. No.: |
91-44-6677-9999 |
|
Fax No.: |
91-44-6677-9988 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Chennai Office : |
Dun & Bradstreet Predictive Sciences & Analytics
Private Limited 4th Floor, |
|
Tel. No.: |
91-44-6696-6666 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
|
The D&B Corporation |
|
Website : |
|
|
|
|
|
|
|
|
UAE Office : |
Dun & Bradstreet SAME Limited Suite 2, 3 & 4; Level 5, The Exchange Building, The
Gate District, DIFC, P.O. Box. 506511, |
|
Tel. No.: |
971 4 369 57 00 |
|
Fax No.: |
971 4 363 71 04 |
|
Website : |
|
|
|
|
|
UAE Office : |
Dun & Bradstreet SAME Limited Suite 902, 9th Floor, Al Moosa Tower I, Shaikh
Zayed Road, P O Box 72478, Dubai, United Arab Emirates |
|
Tel. No.: |
971 4 332 7920 |
|
Fax No.: |
971 4 332 7930 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
|
Name : |
Mr. Narasimhan Venkatesan |
|
Designation : |
Director |
|
Address : |
D-102, Atrium 42, |
|
Date of Birth/Age : |
25.10.1961 |
|
Tel. No.: |
91-44-24455775 |
|
Fax No.: |
91-44-55779988 |
|
Date of Appointment : |
23.01.2007 |
|
Other Directorships : |
Dun and Bradstreet Information Services India Private Limited SME Rating Agency of India Limited |
|
|
|
|
Name : |
Dr. Manoj Vaish |
|
Designation : |
Director |
|
Address : |
Flat No.305, B Wing, 3rd Floor, Paradise, Raheja Vihar, Chandivali
Farm road, Powai, Mumbai-400072, |
|
Date of Birth/Age : |
24.05.1961 |
|
Tel. No.: |
91-22-66801300 |
|
Fax No.: |
91-22-28476282 |
|
Date of Appointment : |
23.01.2007 |
|
Other Directorships : |
Dun and Bradstreet Information Services India Private Limited SBICAP Securities Limited |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
|
Names of Shareholders |
No. of Shares |
|
Dun and Bradstreet |
9999 |
|
Dr. Manoj Vaish |
1 |
|
Total
|
10000 |
BUSINESS DETAILS
|
Line of Business : |
To plan, design, develop, improve, market, distribute, sell, licence,
lease, install, alter, maintain, import, export, consult on or otherwise deal
in and provide Predictive Analytics Services including statistical modeling,
development of algorithms based on statistical analysis of any data on
subjects with a view to interpreting the same and predicting behaviour of the
said subjects, providing consulting services in analytics. |
GENERAL INFORMATION
|
|
|
|
Banking
Relations : |
Unknown |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
Not Available |
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
Financials :
As the subject is
a new company, no financials are available.
LOCAL AGENCY FURTHER INFORMATION
Excerpts from it’s
recent website :
Business
:
Subject based in Chennai (
Subject also has solution architectures and methodologies
for building next-generation B2B exchanges, brokered by secure authentication
and identity management processes. The company has unique products for data
management (electronic acquisition and transformation of data from diverse
sources, superimposed by a unique set of tools for workflow management specific
to the data cleansing process) and tools for advanced risk modeling and risk
ranking.
The Predictive Sciences & Analytics Private Limited is
unique in that its strategy is predicated upon building and delivering
pre-fabricated business-technology components as against customized
solutions/services, resulting in faster deployment decisions for clients with
unparalleled flexibility ('pick-and-choose' modules like Lego pieces for
designing the end product) and time-to-market.
Their staff consists of a unique blend of domain experts
(banking), technologists (product engineering and architects) and analytical
modelers (econometricians, statisticians and computer scientists).
Their clients include very large commercial and retail
financial institutions, Central Banks, Credit Bureaus and Fortune-2000 global
organizations.
Subject is a Joint Venture between D&B International (www.dnb.com)
and D&B SAME (www.dnbsame.com).
Who
they are and what they do
v
A high end Predictive Sciences and
v
The Center currently has over 120
associates and focuses on IPR Driven Developments in the areas of Financial
Infrastructure, Analytics, Risk Management and Data Rationalization
v
The Center also has solution
architecture and methodologies for building next generation B2B exchanges,
brokered by secure authenticating and identity management processes
v
They provide solutions that are
advisory led in Risk Management and in Analytics; these solutions are capable
of being configured to meet the requirements of both small and large
enterprises
v
The solutions are highly customizable,
both from a technology as well as an advisory perspective, to build products
around existing frameworks or from the ground up.
"To be the most trusted business decision partner for
financial institutions and credit grantors by providing technology-enabled
solutions in the areas of financial infrastructure, risk management and
analytics. These solutions enable organizations to maximize utilization of
internal and external data and to provide critical business insight".
Unique
competencies
v
Domain and KPO Expertise
v
Cutting edge technology
v
Flexibility
v
Advisory led approach
v
Compatibility and Interoperability
v
Sensitivity to regional peculiarities
v
Superior process methodologies
v
Professional services
v
Heritage
Risk
and Rating Solutions
Basel-II
Compliant
D&B provides Risk Management Solutions for credit risk
and operational risk on web enabled platforms
Advisory
led approach :
D&B provides an end to end integrated advisory led
approach right from client process diagnostics to product implementation and
refinement. They help banks and financial institutions accelerate cash flow and
monitor performance at various levels, with unique features to align and adapt
based on the organization’s business lines and segments.
D&B
Credit Verdict
v
Complete modular credit bureau
applications for both consumer and commercial bureaus
v
Provides a roust and componentized
foundation for layered products and services to enable quick and effective
launches of credit bureaus
v
Flexibility of meeting evolving market,
business and legal requirements
v
Addresses various categories of
bureaus, including consumer bureaus, commercial bureaus, SME bureaus and
alternate products like telecom and public utility sources
Their
People
v
People profile : 42% Engineers, 6%
Statisticians, 3% PhDs, 10% Professional Degrees, 25% Post Graduates. Product
management and proactive leadership comprise of senior bankers and domain
experts; all client delivery tams have a dedicated domain knowledge expert
apart from technology and project management professionals
v
Focused on ensuring the quality of
every product, an Independent Product Quality Certification (IPQC) team works
towards quality assurance of the entire Product Life Cycle
v
Strong account management and project
delivery teams ensure timely delivery in line with customer requirements.
Data
Rationalization Solutions
Data
Management expertise
Their core competency of managing data forms the basis for
all their products. D&B has unique products for data management of data from
diverse sources, superimposed by unique set of tools for workflow management
specifies to the data cleansing and migration process
Modular
Solutions:
The modularity of Subject’s data rationalization solutions
ensures its applicability at all stages of data management inducing migration,
cleansing, validation etc.
State
of the art Infrastructure
Currently housed in an ultra modern commercial complex,
Over 30000 Square Feet of state of the art facilities,
including their new site at Prince Towers, with the combined capacity to seat
over 250 per shift. Their new location will be operational post April 2006. the
site is located on Chennai’s prime IT super Highway and provides for world
class facilities
Dun
& Bradstreet SAME
D&B SAME headquartered in
The African and Indian Ocean/ Pacific Ocean Region comprises
of 51 countries, with headquarters in Egypt and includes Egypt, Morocco,
Algeria, Sudan, Libya, Tunisia, Kenya, Nigeria, Ghana, Tanzania etc.
the Middle East region comprises of 12 countries including
UAE,
The South Asia region comprises of 7 countries including
D&B SAME offers the full suite of Dun & Bradstreet’s
services including
v
Credit Bureau Solutions
v
Risk Management Solutions
v
Sales and Marketing solutions
v
Financial Education Services
v
Data Consultancy Services
v
Economic Analysis Solutions
D&B SAME also has expertise in Micro Finance environment
by assisting all parties to make better decisions by rating Micro Finance
Institutions (MFIs) on their sustainability and delivery capability. It also
has expertise in rating Small and Medium Scale Enterprises. D&B SAME is the
equity partner with Small Industries Development Bank of India (SIDBI), the
nodal agency of Government of
D&B
Facts
v
World’s provider of business knowledge
and information solutions
v
Established in 1841
v
Present in over 200 countries
v
Manages the world’s most valuable
commercial database with information on over 100 millions business entities
v
Annual revenues of over US$ 1.4 billion
v
Employs 4700 people globally.
Leadership
Team
N T
Arunkumar, Chief Executive Officer, D&B PSAPL
Profile
With over 15 years of experience in technology management
and operations outsourcing with leading global organizations, Arun is presently
the Chief Executive Officer (CEO) of D&B Predictive Sciences &
Analytics. He graduated MBA in 1991 from XLRI Jamshedpur specializing in PMIR
& Systems, and holds a bachelor’s degree in Mathematics & Statistics
from
Arun has composite business-technology experience working in
the Banking, FMCG, IT and BPO sectors, with prior engagements with Citibank,
PepsiCo, Polaris and Office Tiger.
In his previous assignment as Senior Vice president of
Operations at Office Tiger, a Wall Street focused BPO company, Arun managed
client delivery, process management and system implementation across the firm’s
business lines.
Prior to this, Arun was leading the technology management, product
development and offshore migration initiatives, as Senior Vice President
(Technology) with Citigroup. In this role, he oversaw technology projects for
over half a dozen developed countries in Western Europe as part of Citi’s
Global Support Unit out of
Arun has played a key role in two M&A integrations and
is a keen analyst of both the financial services and the technology industries.
His interests include teaching / mentoring on “financial technology” and
leadership development. He is also an adjunct faculty at the Institute for
Financial Management & Research in Chennai.
Rick A
Teague, Leader, Global Analytics, D&B
Profile
Rick A. Teague is Senior Vice President and Leader, Global
Analytics for D&B, the leading provider of global business insight and
information tools a role he has held since August 2006.
With a blend of strategic leadership, customer insight, and
relationship building, Mr. Teague drives the execution of D&B’s strategy to
create superior analytics globally.
Rick joined D&B in June 2004 as a member of the
Company’s Global Leadership Team and Leader of Supply Management Solutions
(SMS).
Prior to joining D&B, Mr. Teague was Chief Executive
Officer of Questrix, a global joint venture between two leading providers of
consulting services and ERP solutions, which offered an analytical supply
management (sourcing) solution. Previously, he was Chief Marketing Officer of
OpenWebs, an entrepreneurial company where he led the commercialization of a
cutting-edge B2B inventory sharing and artificially intelligent trading
technology.
Mr. Teague’s background also includes leadership roles
including Partner at McKinsey & Company. While there, he helped companies
in a wide range of industries achieve profitable growth through improved
go-to-market strategies, market segmentation and value propositions. He began
his career at IBM where he was recognized as a strong and creative sales
leader.
Mr. Teague is a graduate of the
Security
and Business Continuity
Location
Their prime locations consist of two sites spread across a
total area of 23,000 (Prince Towers) and 6000 sq ft (Sundaram Pioneer Towers)
with space for 110 and 250 workstations respectively as well as off site backup
between locations for uninterrupted operations.
Networking
Local Area Network is completely protected with high-end
hardware firewall with failover to ensure near-zero downtime. VLANs are created
and configured on need basis for restricted access between project teams.
Hosts, FTP servers and web servers required for access
through internet are placed in DMZ Zone and isolated from the private network.
Mail servers are configured with front-end and back-end technology in view of
mailbox security and for SMTP relaying.
State-of-the-art servers reside in both the sites (700 sq ft
and 300 sq ft) with state-of-the-art air conditioning. Other notable features include
fire suppression systems and biometric security. Access to the server rooms is
restricted with constant CCTV monitoring system in place. Complete
documentation and maintenance of the software, hardware, peripherals and
accessories and complete log maintenance of every asset coming in and going out
of the premises is strictly adhered to. All the servers and communication
devices are continuously monitored. Periodic reports are pulled out from the
system. Server room temperature is constantly maintained at 18-20 degrees.
Redundancy
Complete redundancy is provided for the internet link, with
dual ISPs to ensure near-zero internet downtime. Telecommunication, network
devices and high-end servers are fully backed up with fault tolerance.
Workstations
Appropriate space is provided for the users in their
workstations. Workstations are provided with required luminance throughout the
site. Desktops are loaded with latest operating systems with higher memory,
hard drive size and with gigabit Ethernet for better performance.
Uninterrupted Power Supply
Every workstation is provided with minimum 2 uninterrupted
power supply points with minimum 60 minutes backup time. Dedicated UPS for
servers running with minimum 60 minutes backup are also provided.
Facilities
Physical Security
The site is well protected from physical security breaches and has security personnel 24x7. Near 100% reliability on electricity and backup power at any point of time in view of Business Continuity Planning is also ensured.
D&B's facilities are fully secured with the constructed
8 feet around the sites being monitored by security guards at the entry and
exit. Every entry point is restricted and monitored with Access Control
Systems.
Server Rooms/Data Center Security
Server Room access is highly restricted with Dual
authentication (Biometric and Proximity reader). Entry is restricted only to
Infra support team and senior officials of the company.
Quality
They can all recognize the hallmarks of quality - they know the
sound of a well-made engine, grasp the value of a lovingly made piece of
furniture, and appreciate working for a company which implements structured
management standards. But many of us are unaware of the processes and
principles that result in a quality product, service or work of art.
Quality Assurance (QA) is an essential part of consistently
producing great results and they @ D&B Predictive Sciences &
Analytics Private Limited firmly believe that this is the tool which
will help us achieve better results.
Quality is a passion at D&B Predictive Sciences &
Analytics Private Limited and the aspects of high quality permeate
every department here. The strong process orientation and panache embedded in
every D&B associate translates into real benefits like reduced cycle times,
improved customer satisfaction index and better cost efficiencies. The process
orientation encompasses all the departments in the organization and is not
isolated to just the product development or service delivery functions.
Reusing its extensive experience of the most valuable human
resources and taking the best practices from other quality management systems,
D&B Predictive Sciences & Analytics Private Limited has developed
its own system suited to the unique strategic product development. It is called
D&BEMS® (D&B Excellence Management System) and this helps us leverage
the experience acquired over many programs to help their clients get a
jumpstart in the delivery of their programs.
The quality culture at D&B is founded on well-evolved
quality systems - the Quality Process Framework Documentation (QPFD), Process
Database and the Organizational Knowledge Database. The QPFD is a comprehensive
repository of all Software Life Cycle and Project Management Processes and
Methodologies. The Quality Department maintains and enhances this repository,
based on experience gained from project implementations and benchmarking
international practices. The QPFD is available to all project personnel through
the Intranet. It includes checklists, document templates and standards &
guidelines for forms and coding. The following is a pictorial representation of
the QPFD at D&B.
The figure above shows the use of quality processes through
the lifecycle of a project, from conceptualization to closure. It originates
from a well defined presales process paving way for a signed off
project/product development activity to kickoff. This activity is carried out
sequentially through a Project Life Cycle process equally supported by the core
Engineering Life Cycle processes along with Project Support and Organizational
Support processes. Detailed checklists, standards, templates and guidelines
exist within the processes to bring in rigor and predictability into every
aspect of project planning and execution. These processes and templates exist
across various types of projects (development, maintenance, prototyping, etc)
to typify every aspect of the project (requirements analysis, change/
configuration management, tailoring, defect or schedule estimation, etc).
The Process Database consists of a project metrics database,
process metrics database and a process-capability baseline. Project leaders use
these to estimate effort, schedule tasks and predict defect levels during the
project-planning phase. The process database is based on data from past
projects and ensures that project plans are realistic. Further, project
monitoring based on these metrics increases its effectiveness.
All quality systems are available on the organization wide
Intranet. These systems facilitate the creation of a process-oriented mind-set
at D&B. D&B's ability to commit and consistently deliver superior
software solutions, hinges on these quality systems.
Financial
Infrastructure and Credit Bureau
“D&B is the world’s leading source of business
information and insight with its unmatched experience and expertise in owning
and managing the world’s largest commercial business information database. This
knowledge and insight has been leveraged in establishing the Financial
Infrastructure and Credit Bureau Solutions practice.
D&B employs its Integrated Program Management model,
encompassing software application customization and delivery, business
consultancy services and infrastructure consultancy services, to partner with
customers in delivering Credit Bureaus and Trade Registries worldwide.
D&B's impressive track record in this domain includes projects in
Commercial Registry Solutions Credit Bureau
Risk
and Rating Solutions
Risk management is a significantly important function in banks
in the context of metamorphic changes brought about by changing financial
landscape characterized by increased competition, rapid use of innovative
financial products, thinning of spreads, shareholder activism and stringent
regulatory requirements aimed at ensuring financial stability.
While a few banks believe Basel-II to be a revolution in the
name of regulation that would benefit them handle these changes, the most
prominent view considers it to be to be a costly exercise in fulfillment of
regulatory compliance. D&B strongly believes that if properly
conceptualized and implemented, Basel-II can be the source of strategic
advantage to banks by sharply focusing attention on stakeholder wealth
maximization through improved risk sensitivity, strategic planning, risk-based
pricing, risk adjusted performance measurement and incentive compensation at
various levels in addition to fulfilling regulatory requirements. D&B’s
approach to risk consulting & software solutions are deeply rooted in international
best practices calibrated to regulatory requirements of banks from time to
time.
Data Management Solutions
Subject’s data management solutions enables Credit Bureau,
Financial Infrastructure, Risk & Rating and Analytics solutions by
providing the complete & consistent data from disparate data sources from
the enterprise, through its data management products and data rationalization
services.
Success
Stories
eDATE
for Credit Data Management
A Credit Bureau is an independent entity that compiles
public record data, statutory information, identity information, credit
transactions and payment histories of individual consumers and commercial
entities.
eDATE facilitates Credit Data Submission for the Credit
Bureau by Acquiring, Consolidating, Transforming, Enriching, and Validating
Credit Data from the Information Provider Data Sources. It has rich domain
content built-in for the Credit Data Management.
v
Benefits of Credit Bureau
v
Unbiased and objective Credit Risk
assessment by financial institutions
v
Minimizing non-performing loans /
assets in the credit industry
v
Employing fair practices in credit
information sharing among lenders
v
Evaluation of the customer's ability to
pay
v
Reporting positive and negative credit
history information
v
Fraud control
v
Reduction of loan processing time
v
Increasing lending to all sectors in
the economy
Information
Providers
v
Banks
v
Utilities
v
Financial Institutions
v
Telecom Companies
v
Housing Finance Companies
v
Insurance Companies
v
Credit Card Companies
v
Non-Banking Finance Companies etc.
Accomplishments
eDATE
Implementations in Banks and Other Financial Institutions in
Number of Processed Per Cycle:
Commercial: 0.5 Million / Consumer: 10 Million
Benefits
v
Off-the-Shelf Data Management Tool for
Credit Data Submission
v
Automated and Repeatable Credit Data
Management Process
v
Low Cost of Ownership
v
Enables Sustainable and Ongoing Credit
Data Quality Management
v
Credit Data Rationalization Services
eDATE offers Credit Data Rationalization Services for the
Information Providers having Unstructured Name & Address elements and
Inadequate Data. It enriches Name & Address Elements and gives data audit
reports to help them improve the Data Quality at source.
Need for Credit Data Rationalization Services
v
Unstructured data (Name & Address
segments)
v
Duplicate data
v
Credit data entity classification –
Consumer / Commercial
v
Un-normalized data
v
In-adequate data
v
Quantification of data quality to
address the data quality issues
v
Benefits of Credit Data Rationalization
Services
v
Enables to achieve the desired data
quality for credit bureau submission
v
Enriches name and address segments
using artificial intelligence based enrichment engine
v
Sustainable and on-going data quality
achieved through the supervised learning, imparted by the
data analysts
v
Data audit reports for quality
improvement at the customer end
v
High-end domain content built for
credit data management
v
Tested and proven for high volume of
credit data quality management
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 records 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.41.00 |
|
|
1 |
Rs.81.80 |
|
Euro |
1 |
Rs.55.58 |
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 |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|