MIRA
INFORM REPORT
|
Report Date : |
10.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
PRICEWATERHOUSECOOPERS PRIVATE LIMITED (w.e.f.03.08.1998) |
|
|
|
|
Formerly Known
As : |
PRICE WATERHOUSE ASSOCIATES PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
Plot No. Y 14, Block EP, Sector 5, Salt Lake, Kolkata-700091, West
Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
26.03.1983 |
|
|
|
|
Com. Reg. No.: |
21-036093 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 208.861 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74140WB1983PTC036093 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing business consulting services. |
RATING & COMMENTS
|
MIRA’s Rating : |
A (64) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 4700000 |
|
|
|
|
Status : |
Good |
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|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed company in concern business.
General financial position of the company is good. Trade relations are
reported as fair. Business is active. Payments are reported to be correct and
as per commitments. The company can be considered good for normal 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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
Plot No. Y 14, Block EP, Sector 5, Salt Lake, Kolkata-700091, West
Bengal, India |
|
Tel. No.: |
91-33-25379260 / 7600 |
|
Fax No.: |
91-33-23577496 / 7456 |
|
E-Mail : |
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|
Website : |
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|
Branches : |
Located At ·
Ahmadabad ·
Karnataka ·
Bangalore ·
Bhubaneswar ·
Chennai ·
Haryana ·
Delhi ·
Hyderabad ·
Kolkata ·
Mumbai ·
Pune |
DIRECTORS
AS ON 28.09.2010
|
Name : |
Mr. Ambarish Dasgupta |
|
Designation : |
Director |
|
Address : |
UDTH-03, Udita Udyan, 1050/1, Santoshpur, Kolkata-700075, West Bengal,
India |
|
Date of Birth/Age : |
15.02.1963 |
|
Date of Appointment : |
01.04.2002 |
|
Election ID No.: |
WB/23/151/042053 |
|
DIN No : |
00160744 |
|
|
|
|
Name : |
Mr. Gautam Banerjee |
|
Designation : |
Director |
|
Address : |
10, Cornwall Gardens, Singapore-269639 |
|
Date of Birth/Age : |
21.10.1954 |
|
Date of Appointment : |
15.04.2010 |
|
PAN No.: |
AUEPB3693A |
|
DIN No : |
03031655 |
|
|
|
|
Name : |
Mr. Deepak Kapoor |
|
Designation : |
Managing Director |
|
Address : |
K-42, NDSE-II, New Delhi-110049 |
|
Date of Birth/Age : |
07.01.1959 |
|
Date of Appointment : |
01.04.2002 |
|
PAN No.: |
AGPK9718C |
|
DIN No : |
00162957 |
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|
|
|
Name : |
Mr. Sharat Bansal |
|
Designation : |
Director |
|
Address : |
241, B Twin Tower Cooperative Housing Society, Veer Savarkar Marg,
Prabhadevi, Mumbai-400025, Maharashtra, India |
|
Date of Birth/Age : |
25.05.1953 |
|
Date of Appointment : |
15.04.2010 |
|
PAN No.: |
AAEPB6361R |
|
DIN No : |
00492494 |
|
|
|
|
Name : |
Mr. Rajendra D Hingwala |
|
Designation : |
Director |
|
Address : |
701, Gayatri Dham Derasar Lane, Ghatkopar (East), Mumbai-400077,
Maharashtra, India |
|
Date of Birth/Age : |
26.08.1952 |
|
Date of Appointment : |
01.04.2002 |
|
PAN No.: |
AAAPH5606B |
|
DIN No : |
00160602 |
|
|
|
|
Name : |
Mr. Jairaj Purandare |
|
Designation : |
Director |
|
Address : |
102, Shalaka Maharshi Karve Road, Mumbai-400021, Maharashtra, India |
|
Date of Birth/Age : |
30.06.1959 |
|
Date of Appointment : |
15.12.2004 |
|
PAN No.: |
AACPP6057E |
|
DIN No : |
00159886 |
|
|
|
|
Name : |
Ms. Shyamal Mukherjee |
|
Designation : |
Director |
|
Address : |
A 24, Neeti Bagh, New Delhi-11004, Delhi, India |
|
Date of Birth/Age : |
07.11.1959 |
|
Date of Appointment : |
15.04.2010 |
|
PAN No.: |
AAIPM7464L |
|
DIN No : |
03024803 |
KEY EXECUTIVES
|
Name : |
Mr. Anand Srivastava |
|
Designation : |
Secretary |
|
Address : |
Flat No.A2/2, T-II, Purba GD Block, 1582/2, Rajdanga Main Raod,
Kolkata-700107, West Bengal, India |
|
Date of Birth/Age : |
15.03.1974 |
|
Date of Appointment : |
01.04.2007 |
|
PAN No.: |
APVPS4871D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2010
|
Names of Shareholders |
No. of Shares |
|
Rajendra D Hingwala |
6276442 |
|
Jairaj Purandare |
5785760 |
|
Somnath Baliav |
5295078 |
|
Deeoak Kapoor |
5729737 |
|
Bharti Ramola |
4804396 |
|
Shyamal Mukherjee |
4840182 |
|
Snjay Hegde |
4804396 |
|
Satyavati Berera |
4068373 |
|
Subhankar Sinha |
3823032 |
|
Vedamoorthy Namasivayam |
4533032 |
|
Vivek Mehra |
3823032 |
|
N V Sivakumar |
4068373 |
|
Ketan Dalal |
4264646 |
|
Ambrish Dasgupta |
4437691 |
|
Joy Kumar Jain |
3577691 |
|
Amit Pandurangi |
3577691 |
|
Kameswara Rao |
3632759 |
|
Neel Ratan Chandgothia |
3205759 |
AS ON 28.09.2010
|
Category |
Percentage |
|
Directors or relatives of Directors |
19.02 |
|
Others |
80.98 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing business consulting services. |
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||||||
|
Products : |
|
GENERAL INFORMATION
|
Bankers : |
·
Export – import Bank of India, Floor 21, Centre
One Building, World Trade Centre, Cuff parade, Mumbai-400005, Maharashtra,
India ·
The Hongkong and Shanghai Banking Corporation
Limited, Hongkong House, 31, B B D Bag, Kolkata-700001, West Bengal, India |
|
|
|
Banking Facilities :
|
Secured Loan |
Rs.
In Millions 31.03.2010 |
Rs.
In Millions 31.03.2009 |
Rs.
In Millions 31.03.2008 |
Rs.
In Millions 31.03.2007 |
|
From Bank (Secured against hypothecation of book debts) |
1345.469 |
767.091 |
301.109 |
1.394 |
|
From Public Financial Institution (Secured by pari-passu first charge on company’s movable assets and
unmovable properties both present and future) |
500.000 |
0.000 |
12.137 |
39.750 |
|
Bank Overdraft (Secured against hypothecation of book debts) |
1.125 |
203.265 |
0.000 |
0.000 |
|
Total |
1846.594 |
970.356 |
313.246 |
41.144 |
|
Unsecured Loan |
Rs.
In Millions 31.03.2010 |
Rs.
In Millions 31.03.2009 |
Rs.
In Millions 31.03.2008 |
Rs.
In Millions 31.03.2007 |
|
|
|
|
|
|
|
From Members |
0.000 |
0.000 |
0.000 |
324.829 |
|
|
|
|
|
|
|
Total |
0.000 |
0.000 |
0.000 |
324.829 |
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sengupta And Roy Chartered Accountant |
|
Address : |
633, Block-0, New Alipore, Kolkata-70053, West Bengal, India |
|
|
|
|
Subsidiaries : |
Lovelock and Lewes Consulting Services Private Limited CIN No.: U74140WB1998PTC086897 Pricewaterhousecoopers Securities Private Limited CIN No.: U74899WB2000PTC128352 Pricewater House Coopers Business Advisory Services Private Limited CIN No.: U74140WB2000PTC111585 Global BPO (India) Private Limited CIN No.: U74140DL2000PTC107019 Ecs Private Limited CIN No.: U74140DL1991PTC046601 Pricewaterhousecoopers Development Associates Limited |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
260000000 |
Equity Shares |
Rs.1/- each |
Rs. 260.000 Millions |
|
40000000 |
Redeemable and Non convertible Preference Shares |
Rs. 1/- each |
Rs. 40.000 Millions |
|
|
Total |
|
Rs. 300.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
168861360 |
Equity Shares |
Rs.1/- each |
Rs. 168.861
Millions |
|
40000000 |
Redeemable and Non Convertible Preference
Shares |
Rs. 1/- each |
Rs. 40.000
Millions |
|
|
Total |
|
Rs. 208.861 Millions |
Note:
Out of above in earlier years
a) 6990000 (P. Y. 6990000) Shares of Rs. 10 each equivalent to 69900000
Equity Shares of Rs. 1 each) issued as fully paid up bonus shares out of the
balance in profit and loss account
b) 98861360 (P. Y. 98651360) Equity Shares of Rs. 1 each issued as fully
paid up Bonus shares out of the balance in Capital Redemption Reserve
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
|
1] Share Capital |
208.861 |
208.861 |
208.861 |
168.861 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
973.406 |
592.520 |
717.242 |
670.831 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1182.267 |
801.381 |
926.103 |
839.692 |
|
|
LOAN FUNDS |
|
|
|
|
|
|
1] Secured Loans |
1846.594 |
970.356 |
313.246 |
41.144 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
324.829 |
|
|
TOTAL BORROWING |
1846.594 |
970.356 |
313.246 |
365.973 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL |
3028.861 |
1771.737 |
1239.349 |
1205.665 |
|
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
990.122 |
1032.219 |
833.023 |
613.569 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
0.200 |
|
|
|
|
|
|
|
|
|
INVESTMENT |
111.468 |
111.468 |
47.310 |
47.300 |
|
|
DEFERREX TAX ASSETS |
255.526 |
346.484 |
176.422 |
77.004 |
|
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
|
Inventories |
0.104
|
3.030 |
2.025 |
1.810 |
|
|
Sundry Debtors |
3353.108
|
2814.459 |
2477.932 |
1473.936 |
|
|
Cash & Bank Balances |
222.427
|
184.893 |
258.489 |
92.084 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.755 |
0.755 |
|
|
Loans & Advances |
1704.184
|
1219.493 |
846.889 |
278.574 |
|
Total
Current Assets |
5279.823
|
4221.875 |
3586.090 |
1847.159 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
|
Sundry Creditors |
3251.584
|
2863.353 |
3025.666 |
|
|
|
Other Current Liabilities |
274.871
|
932.891 |
8.411 |
1182.008 |
|
|
Provisions |
81.623
|
144.065 |
369.419 |
197.559 |
|
Total
Current Liabilities |
3608.078
|
3940.309 |
3403.496 |
1379.567 |
|
|
Net Current Assets |
1671.745
|
281.566 |
182.594 |
467.592 |
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL |
3028.861 |
1771.737 |
1239.349 |
1205.665 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
|
TOTAL (A) |
10348.213 |
9394.144 |
7282.996 |
4715.223 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
|
TOTAL (B) |
9366.479 |
8315.374 |
6343.323 |
3791.207 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)
(C) |
981.734 |
1078.770 |
939.673 |
924.016 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
125.516 |
157.251 |
52.359 |
36.490 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
856.218 |
921.519 |
887.314 |
887.526 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION
(F) |
263.364 |
278.350 |
222.533 |
166.392 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
592.854 |
643.169 |
664.781 |
721.134 |
|
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
260.960 |
304.237 |
263.146 |
297.000 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
331.894 |
338.932 |
401.635 |
424.134 |
|
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
664.970 |
459.186 |
455.430 |
463.899 |
|
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
33.900 |
40.170 |
42.500 |
|
|
|
Interim Dividend Paid |
0.000 |
0.000 |
0.000 |
168.861 |
|
|
|
Proposed Equity Dividend |
0.000 |
84.431 |
185.747 |
168.861 |
|
|
|
Proposed Preference Dividend |
0.400 |
0.400 |
120.000 |
0.000 |
|
|
|
Tax on Dividend |
0.066 |
14.417 |
51.962 |
52.381 |
|
|
BALANCE CARRIED
TO THE B/S |
996.398 |
664.970 |
459.186 |
455.430 |
|
|
|
|
|
|
|
|
|
|
|
EXPORT VALUE |
5200.698 |
4989.243 |
3652.294 |
2647.662 |
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.96 |
2.00 |
1.55 |
2.51 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
PAT / Total Income |
(%) |
3.21
|
3.61 |
0.05 |
8.99 |
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.08
|
11.48 |
14.46 |
28.42 |
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.50
|
0.80 |
0.72 |
0.86 |
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.61
|
6.13 |
4.01 |
2.08 |
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.46
|
1.07 |
1.05 |
1.34 |
LOCAL AGENCY FURTHER INFORMATION
FORM 8
|
Corporate
identity number of the company |
U74140WB1983PTC036093 |
|
Name of the
company |
PRICEWATERHOUSECOOPERS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No. Y 14, Block EP, Sector 5, Salt Lake, Kolkata-700091, West
Bengal, India |
|
This form is for |
Modification of charge |
|
Type of charge |
Immovable property |
|
Particular of
charge holder |
Export – import Bank of India, Floor 21, Centre One Building, World
Trade Centre, Cuff parade, Mumbai-400005, Maharashtra, India |
|
Nature of
instrument creating charge |
No instrument was executed. A Mortgage by way of delivery and deposit
of Title deeds in respect of the immoveable properties situate at Plot No.
Y-14, Block EP and Plot No. 56-57, Block DN both situate at Sector V, Salt
Lake, Kolkata-91, West Bengal was created by PricewaterhouseCoopers Private
Limited ("the Borrower") in favor of Export- Import Bank of India
("Exim Bank") as security for the Term Loan of Rs.500.000 millions
vide Memorandum of Entry dated 05/11/2009 |
|
Date of
instrument Creating the charge |
05.11.2009 |
|
Amount secured by
the charge |
Rs. 500.000 millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest 9.50% per annum payable with monthly rests on the 20th day of every
month. This rate is subject to interest reset after one year from the date of
first disbursement. Terms of
repayment To be repaid in 16 equal quarterly installments commencing after one
year from the date of first disbursement. Extent and
operation of the charge First pari passu charge on the entire immoveable properties both
present and future excluding assets which are exclusively charged. |
|
Short particulars
of the property charged (Including location of the property) |
Plot No. Y-2, Block EP and GP, Sector V, Bidhan Nagar, District -
North 24 Parganas, Salt Lake City, Kolkata-91, West Bengal. Plot No. Y-14, Block EP and GP, Sector V, Bidhan Nagar, District-
North 24 Parganas, Salt Lake City, Kolkata-91, West Bengal. Plot No. DN 56 and 57, Block DN, Sector V, Bidhan Nagar, District-
North 24 Parganas, Salt Lake City, Kolkata-91, West Bengal. |
|
Charge
identification number of the charge to be modified |
10176291 |
|
Particulars of
the present modification |
The charge created by the Borrower over its entire moveable fixed
assets, both present and future vide Deed of Hypothecation dated 23/09/2009
is further secured by mortgage by deliver and deposit of title deeds in
favour of Exim Bank over its immoveable properties situate at Plot No. Y-14,
Block EP and Plot No. 56-57, Block DN both situate at Sector V, Salt Lake,
Kolkata-91, West Bengal for the loan granted to the Borrower by Exim Bank. |
FIXED ASSETS
·
Leasehold Land
·
Building
·
Computers
·
Office Equipments
·
Electrical Installations
·
Furniture and Fixtures
·
Car
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or anti-terrorism
sanction laws or whose assets were seized, blocked, frozen or ordered forfeited
for violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions between
a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 47.17 |
|
|
1 |
Rs. 73.71 |
|
Euro |
1 |
Rs.64.26 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
TOTAL |
|
64 |
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.