1. Summary Information
|
|
|
Country |
|
|
Company Name |
HEWLETT PACKARD
INDIA SALES PRIVATE LIMITED |
Principal Name 1 |
Mrs. Neelam Dhawan |
|
Status |
Good |
Principal Name 2 |
Mr. Neeraj Sharma |
|
|
|
Registration # |
08-022727 |
|
Street Address |
24 Salarpuria
Arena, |
||
|
Established Date |
02.09.1997 |
SIC Code |
-- |
|
Telephone# |
91-80-25633555 / 23374785 |
Business Style 1 |
Manufacturers |
|
Fax # |
91-80-25633222 / 51108014 |
Business Style 2 |
Importers and Exporters of computer systems, processors,
hardware and software, etc. |
|
Homepage |
Product Name 1 |
Processors |
|
|
# of employees |
700
(Approximately) |
Product Name 2 |
Hardware |
|
Paid up capital |
Rs.1,984,533,330/- |
Product Name 3 |
Software |
|
Shareholders |
Foreign holdings -100.00% |
Banking |
HDFC Bank |
|
Public Limited Corp. |
No |
Business Period |
15 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (53) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
42,139,754,000 |
Current Liabilities |
40,201,751,000 |
|
Inventories |
16,835,930,000 |
Long-term Liabilities |
-- |
|
Fixed Assets |
1,033,333,000 |
Other Liabilities |
-- |
|
Deferred Assets |
219,000,000 |
Total Liabilities |
40,201,751,000 |
|
Invest& other Assets |
-- |
Retained Earnings |
18,041,733,000 |
|
|
|
Net Worth |
20,026,266,000 |
|
Total Assets |
60,228,017,000 |
Total Liab. & Equity |
60,228,017,000 |
|
Total Assets (Previous Year) |
55,925.515 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
81,982,000 |
Net Profit |
1,567,187,000 |
|
Sales(Previous yr) |
76,890,000 |
Net Profit(Prev.yr) |
6,962,946,000 |
MIRA
INFORM REPORT
|
Report Date : |
09.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
HEWLETT PACKARD INDIA SALES PRIVATE LIMITED (w.e.f. 18.03.2003) |
|
|
|
|
Formerly Known
As : |
COMPAQ COMPUTER ( |
|
|
|
|
Registered
Office : |
24 Salarpuria Arena, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
02.09.1997 |
|
|
|
|
Com. Reg. No.: |
08-022727 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1984.533 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200KA1997PTC022727 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRH2830C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACC9862F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers, Importers and Exporters of computer systems, processors, hardware and software, etc. |
|
|
|
|
No. of Employees
: |
700 (Approximately) |
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 80000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of compaq computer, The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
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 / Corporate
Office: |
24 Salarpuria Arena, |
|
Tel. No.: |
91-80-25633555 / 23374785 |
|
Fax No.: |
91-80-25633222 / 51108014 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
Ahmedabad 501, 5th Floor, Satkar Complex,
HP GR 10th & 11th floor, B wing, Akash Block, 6-9 floor, B
wing, Akash Block, Hewlett-Packard GlobalSoft Limited Global e-Business Operations Private Limited Hewlett-Packard India Sales Private Limited No. 66/2, Ward No. 83, Bagmane Tech-Park, 4th Floor, Wing
A, Survey No. 192, III Floor, Khanija Bhavan, 49, Surya Wave,Sy # 61(p), Electronic City, Prathik Tech Park, Survey No 93/1, Veerasandra village, Attibele Hobli, Anekal Taluk, Electronic City Extension Bangalore - 560 100, Karnataka, India Chennai Hewlett-Packard India Sales Private Limited No.2, HP Towers,
Plot 1, Olympia Technology park, Citius block, SIDCO
industrial estate, Guindy, Block 1, 4F - 6F, Block 1, G - 3F, First Software Park, 110 Mount Poonamalle Road, Porur, Chennai - 600 116, Tamil Nadu, India Ground floor, Hewlett-Packard India Sales Pvt. Ltd. No.18, ilabs Centre, 4th Floor, D- Block, 5th Floor, C -
Block, 5th Floor, D - Block, Madhapur, Hyderabad - 500 081, Andhra
Pradesh, India Gurgaon 6th Floor, Tower-D, Global Business park, 2nd Floor, Tower A, Building No. 10, Rudrapur, U Hewlett-Packard India Sales Pvt Ltd. Plot No. 9-11A & 35-37A, Sector-V, Integrated
Industrial Estate, Pantnagar (SIDCUL), Rudrapur, US Nagar - 263 153. Kolkata No 08, Major Arteral Road, Block -AF New Town 1st Floor, Rajarhat, Kolkata- 700 156, West Bengal, India Mumbai 101-105, Pune Hewlett-Packard Level 6, Pentagon P-2, |
DIRECTORS
As on 26.09.2011
|
Name : |
Mrs. Neelam
Dhawan |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director
|
||||||||||||||||||||||||||||||||||||
|
Address : |
Door No. 100,
Sector – 26, Noida, |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.10.1959 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
21.08.2008 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00871445 |
||||||||||||||||||||||||||||||||||||
|
Other
Directorship
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Neeraj Sharma |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
L-204, II Floor, Premiergr Ihalakshmi Aparments, |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
03.10.1968 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
15.03.2011 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02411053 |
||||||||||||||||||||||||||||||||||||
|
Other
Directorship
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Rajiv Shrivastava |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
Flat No. 631, Ats Greens Villl Exdpress Way, Plot No. 1, Sector – 93,
Noida – 201304, |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
03.10.1964 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
06.07.2011 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
03568897 |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Narayan Vasudeo Prabhutendulkar |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
J/ 73. Diamond Di
Strict |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.12.1957 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.07.2004 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00869913 |
||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Sriram Mohan |
|
Designation : |
Secretary |
|
Address : |
E/204, Westend Heights DLF, Phase V, Gurgaon – 122009, |
|
Date of Birth/Age : |
18.03.1983 |
|
Date of Appointment : |
28.04.2010 |
|
Pan No. : |
AQMPM7478A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Compaq Computers
( |
|
198453322 |
|
Hewlett-Packard |
|
11 |
|
Total |
|
198453333 |
As on 26.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers, Importers and Exporters of computer systems,
processors, hardware and software, etc. |
||||
|
|
|
||||
|
Products : |
· Computer Systems · Processors ·
Hardware ·
Software ·
Monitors ·
Storage ·
Servers ·
Software
|
GENERAL INFORMATION
|
No. of Employees : |
700 (Approximately) |
|||||||||
|
|
|
|||||||||
|
Bankers : |
HDFC Bank, |
|||||||||
|
|
|
|||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
SR Batliboi and Associates Chartered Accountants |
|
Address : |
12th and 13th Floor, “US City” |
|
PAN.: |
AALFS0506L |
|
|
|
|
Holding Company : |
|
|
|
|
|
Ultimate Holding Company : |
Hewlett Packard Company, |
|
|
|
|
Other Related
Parties : |
|
|
|
|
|
Fellow
Subsidiaries: |
|
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000000 |
Equity Shares |
Rs.10/- each |
Rs.2000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
198453333 |
Equity Shares |
Rs.10/- each |
Rs.1984.533
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1984.533 |
1984.533 |
1984.533 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
18041.733 |
16590.253 |
9773.959 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
20026.266 |
18574.786 |
11758.492 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
7.726 |
49.414 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
7.726 |
49.414 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
20026.266 |
18582.512 |
11807.906 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1033.333 |
1105.578 |
1239.343 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
1.477 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
219.000 |
360.000 |
695.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
16835.930
|
14474.841 |
16052.524 |
|
|
Sundry Debtors |
14990.051
|
14315.178 |
15152.106 |
|
|
Cash & Bank Balances |
18086.902
|
21659.421 |
9577.337 |
|
|
Other Current Assets |
679.898
|
474.567 |
515.311 |
|
|
Loans & Advances |
8382.903
|
3535.930 |
3144.324 |
|
Total
Current Assets |
58975.684
|
54459.937 |
44441.602 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
19772.536
|
14335.944 |
13531.481 |
|
|
Other Current Liabilities |
16253.461
|
17156.317 |
16746.407 |
|
|
Provisions |
4175.754
|
5850.742 |
4291.628 |
|
Total
Current Liabilities |
40201.751
|
37343.003 |
34569.516 |
|
|
Net Current Assets |
18773.933
|
17116.934 |
9872.086 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
20026.266 |
18582.512 |
11807.906 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
81982.932 |
76890.173 |
71574.305 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
NA |
NA |
NA |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
11137.206 |
4192.033 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
NA |
400.221 |
442.418 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
2678.715 |
10736.985 |
3749.615 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1111.528 |
3774.039 |
1617.740 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1567.187 |
6962.946 |
2131.875 |
|
|
|
|
|
|
|
|
|
|
TOTAL EARNINGS |
2243.495 |
1813.626 |
67824.690 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.90 |
35.09 |
10.74 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.27
|
13.96 |
5.24 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.46
|
193.23 |
8.21 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.58 |
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.01
|
2.01 |
2.94 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.47
|
1.46 |
1.29 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business• |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
Yes |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
11) Turnover of firm for last two years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
17) Major suppliers |
Yes |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
20) Export / Import details (if applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
FINANCIAL REVIEW
The year under review saw a growth of 6.62% in total revenue at Rs.81980.000 Millions as against Rs.76890.000 Millions of the previous year. The net profit of the company during the period under report have registered a fall of over 77.5% compared to that of the previous years.
During the period under report, Hewlett – Packard Company,
Note:
Registered office of the company has been shifted from
CONTINGENT
LIABILITIES NOT PROVIDED FOR:
(a) Guarantees given by the Company – Rs.3775.713 Millions (2010: Rs.4100.223 Millions).
(b) Claims against the Company not acknowledged as debts:
Rs. In Millions
|
Particulars |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
Service tax1 |
2171.725 |
2515.320 |
|
Customs Act2 |
16220.000 |
16.220 |
|
VAT |
2327.406 |
237.775 |
|
Sales tax |
85.049 |
52.049 |
|
Total |
20804.18 |
2821.364 |
1 Represents service tax demand/liability with respect to certain services rendered to group companies.
2 A search was carried out at the premises of the Company by the Officers of Directorate of Revenue Intelligence (DRI) on September 24, 2008, to check the compliance with the provisions of the Customs Act, 1962 in relation to transactions for import of spares, products, logistic charges etc. Pursuant to said search, various documents of the Company had been seized by the Officers of DRI for investigation purposes.
Further, the Company voluntarily deposited a duty of Rs.342.500 Millions and Rs.450.000 Millions on September 29, 2008 and December 19, 2008 respectively without prejudice to their rights to contest any show cause notices in relation thereto.
During the year, the Company has been served show-cause notices by the DRI in the months of April, May and June, 2010 alleging differential customs duty liability aggregating to Rs.16220.000 Millions, along with interest and penalty thereon, in respect of alleged undervaluation of products, parts and operating system recovery CDs imported.
The Company has since filed its responses on various dates for 3 out of the 4 Show cause notices and has sought extension of time for the 4th Show cause notice till September 30, 2011.
The Company based on advice of its external legal counsel is confident that no liability would arise in respect of aforesaid matters, and hence no provision for any duty, interest or penalty has been made in the accounts, pending adjudication of show-cause notices and finalization of the demand notice by the customs authorities.
(c) The Company is also involved in other lawsuits and claims, which arise in the ordinary course of business. However, there are no such matters pending that the Company expects to be material in relation to its business.
FIXED ASSETS:
- Free hold Land
- Plant and Machinery
- Office Equipments
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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.51.05 |
|
|
1 |
Rs.81.09 |
|
Euro |
1 |
Rs.67.39 |
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 |
|
--PROFITABILIRY |
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 |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
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.