|
Report Date : |
20.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
STATE BANK OF HYDERABAD |
|
|
|
|
Formerly Known
As : |
HYDERABAD STATE BANK |
|
|
|
|
Registered
Office : |
Ground Floor, Gunnfoundry,
Hyderabad-500177, Andhra Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
08.08.1941 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.207.500
Millions |
|
|
|
|
Legal Form : |
Subject is a
subsidiary (although said as an associate) of State Bank of Both are
legally independent banks. Shares of
State Bank of |
|
|
|
|
Line of Business
: |
Subject is engaged
in banking business. |
|
|
|
|
No. of Employees
: |
13108
[Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (76) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
260000000 |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “State Bank of India”. It is a
well-established and a reputed bank having an excellent track record. It is the
largest bank among the five SBI Associates. The financial position of the bank is excellent. It receives strong
financial, managerial and operational support from its parent SBI. Trade relations are reported as praiseworthy. Business is active.
Payment terms are regular and as per commitment. The company can be considered good 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces of
its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to become
a major exporter of information technology services and software workers. In
2010, the Indian economy rebounded robustly from the global financial crisis -
in large part because of strong domestic demand - and growth exceeded 8%
year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
PERPETUAL TIER – I BONDS : CRISIL AAA |
|
Rating Explanation |
Highest degree of safety and lowest credit risk |
|
Date |
07.12.2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
UPPER TIER – II BONDS : CRISIL AAA |
|
Rating Explanation |
Highest degree of safety and lowest credit risk |
|
Date |
07.12.2012 |
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
31-03-2012.
LOCATIONS
|
Registered Office : |
Ground Floor,
Gunnfoundry, Hyderabad-500177, Andhra Pradesh, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Regional Office : |
Located
At:
|
|
|
|
|
Branch Office : |
Located
at
|
DIRECTORS
As on 31.03.2012
|
Name : |
Mr. Pratip Chaudhuri |
|
Designation : |
Chairman |
|
|
|
|
Name : |
Mr. M Bhagavantha Rao |
|
Designation : |
Managing Director |
|
|
|
|
Name : |
Mr. Kaza Sudhakar |
|
Designation : |
Director ( |
|
|
|
|
Name : |
Mr. Shyamal Acharya |
|
Designation : |
Director ( |
|
|
|
|
Name : |
Mr. A K Deb |
|
Designation : |
Director ( |
|
|
|
|
Name : |
Mr. K N Nayak |
|
Designation : |
Director ( |
|
|
|
|
Name : |
Mr. Gopal Vaidya |
|
Designation : |
Director ( |
|
|
|
|
Name : |
Mr. P. Narasimha |
|
Designation : |
Director ( |
|
|
|
|
Name : |
Mr. Ramesh Datla |
|
Designation : |
Director ( |
|
|
|
|
Name : |
Mr. Venkat Changavalli |
|
Designation : |
Director ( |
|
|
|
|
Name : |
Mr. S Gopal Krishna |
|
Designation : |
Director ( |
KEY EXECUTIVES
|
Name : |
Mr. Jyoti Ghosh |
|
Designation : |
Chief General Manager |
|
|
|
|
Name : |
Dr V Suresh Babu |
|
Designation : |
Chief General
Manager |
|
|
|
|
Name : |
Mr. M P Sridharan |
|
Designation : |
General Manager (HR
& General Admin) |
|
|
|
|
Name : |
Mr. S Venkataraman |
|
Designation : |
General Manager
(Priority Sector, Rural banking & FI) |
|
|
|
|
Name : |
Mr. Mukund Tripathi |
|
Designation : |
General Manager
West Zone |
|
|
|
|
Name : |
Mr. Ganesh Pai |
|
Designation : |
General Manager
(Retail Network South Zone II) |
|
|
|
|
Name : |
Mr. Megh Raj Khatri |
|
Designation : |
General Manager (IT
& New Business) |
|
|
|
|
Name : |
Mrs. M Yashoda Bai |
|
Designation : |
General Manager
& CVO |
|
|
|
|
Name : |
Mr. B K Shivaram |
|
Designation : |
General Manager
(Mid Corporate Group) |
|
|
|
|
Name : |
Mr. Sateesh Jha |
|
Designation : |
General Manager
-Retail Network-North |
|
|
|
|
Name : |
Mr. M Venkatanarayana |
|
Designation : |
General Manager
(Corp Banking) |
|
|
|
|
Name : |
Mr. Jasbir S Aneja |
|
Designation : |
General Manager –
Stressed Assets Management |
|
|
|
|
Name : |
Mr. Karnail Singh
Jawandha |
|
Designation : |
General Manager
(Retail Network South Zone I) |
|
|
|
|
Name : |
Mr. R Venkatakrishnan |
|
Designation : |
General Manager –
Risk Management Credit Policy & Procedure |
|
|
|
|
Name : |
Mr. Subbaraman K S |
|
Designation : |
General Manager
(Treasury,Fin & Accts) |
|
|
|
|
Name : |
Mr. J Sitapathi Sarma |
|
Designation : |
General Manager –
(Retail Network South Zone III) |
|
|
|
|
Name : |
Mr. K Murali |
|
Designation : |
General Manager (Comm
Network North) |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
NOT AVAILABLE
BUSINESS DETAILS
|
Line of Business : |
Subject is
engaged in banking business. |
GENERAL INFORMATION
|
No. of Employees : |
13108
[Approximately] |
|
|
|
|
Bankers : |
Reserve Bank of |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Chartered Accountants
Chartered Accountants
Chartered Accountants
Chartered Accountants
Chartered Accountants
Chartered Accountants |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000000 |
Equity Shares |
Rs.100/- each |
Rs.5000.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2075000 |
Equity Shares |
Rs.100/- each |
Rs.207.500
Millions |
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
CAPITAL AND LIABILITIES |
|
|
|
|
|
|
|
|
|
Capital |
207.500 |
207.500 |
207.500 |
|
Reserves
& Surplus |
64769.239 |
52944.147 |
42437.457 |
|
Deposits |
987319.116 |
886278.655 |
729707.231 |
|
Borrowings |
59784.023 |
52896.597 |
48384.170 |
|
Other
Liabilities and Provisions |
71074.588 |
74653.509 |
63123.805 |
|
|
|
|
|
TOTAL
|
1183154.466 |
1066980.408 |
883860.163 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
Cash
& Balances with Reserve Bank of |
57373.430 |
80362.713 |
51060.922 |
|
Balances
with Banks and money at Call & Short Notice |
32708.485 |
23759.651 |
23531.356 |
|
Investments |
292417.987 |
284466.567 |
240085.178 |
|
Advances |
770523.112 |
647203.074 |
528248.406 |
|
Fixed
Assets |
4374.364 |
3980.003 |
3049.515 |
|
Other
Assets |
25757.088 |
27208.400 |
37884.786 |
|
|
|
|
|
TOTAL
|
1183154.466 |
1066980.408 |
883860.163 |
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
I. INCOME |
|
|
|
|
Interest
earned |
106466.674 |
78512.845 |
63341.185 |
|
Other
Income |
10243.089 |
9837.541 |
8413.292 |
|
TOTAL |
116709.763 |
88350.386 |
71754.477 |
|
|
|
|
|
|
II. EXPENDITURE |
|
|
|
|
Interest expended |
72821.779 |
50027.821 |
44708.820 |
|
Operating Expenses |
17358.110 |
15127.909 |
9837.752 |
|
Provisions and Contingencies |
13547.207 |
11532.305 |
8980.836 |
|
TOTAL |
103727.096 |
76688.035 |
63527.408 |
|
|
|
|
|
|
III. PROFIT/ LOSS: |
|
|
|
|
Net
Profit for the year |
12982.668 |
11662.351 |
8227.068 |
|
Profit
brought forward |
0.003 |
0.006 |
0.006 |
|
TOTAL |
12982.671 |
11662.357 |
8227.074 |
|
|
|
|
|
|
Appropriation: |
|
|
|
|
Transfer to Statutory Reserve |
3894.801 |
3498.706 |
2468.121 |
|
Transfer to Other Reserves |
7875.709 |
7318.426 |
3818.505 |
|
Transfer to Capital Reserve |
54.581 |
122.289 |
342.444 |
|
Dividend (Includes Corporate Dividend Tax) |
1157.576 |
1155.661 |
1165.270 |
|
Investment Reserve Account |
0.000 |
(432.728) |
432.728 |
|
|
|
|
|
|
BALANCE CARRIED
OVER TO THE BALANCE SHEET |
0.004 |
0.003 |
0.006 |
|
|
|
|
|
|
Earnings Per Share (Rs.) |
6256.71 |
5620.38 |
4766.66 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 |
No |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three 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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
No |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
No |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
No |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
CONTINGENT LIABILITIES:
|
Particulars |
31.03.2012 (Rs. in millions) |
31.03.2011 (Rs. in millions) |
|
Claims against the bank not acknowledged as Debts |
334.897 |
307.569 |
|
Liability for partly paid investments |
1.988 |
1.988 |
|
Liability on account of out-standing forward Exchange Contracts |
205650.378 |
327158.072 |
|
Guarantees given
on behalf of Constituents (Including Letters of Comfort) |
|
|
|
62916.556 |
57131.535 |
|
4601.971 |
3494.914 |
|
Acceptances, endorsements and other Obligations |
87250.786 |
61210.399 |
|
Other items for which the bank is contingently liable (net of
provisions) |
4899.733 |
4131.527 |
|
Total |
365656.309 |
453436.004 |
LIMITED REVIEW OF FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED
30.09.2012
(Rs. In Millions)
|
Particular |
Quarter Ended |
Half-year
Ended |
|
|
|
30.09.2012 |
30.06.2012 |
31.12.2011 |
|
|
Reviewed |
||
|
Interest Earned |
30680.700 |
29976.800 |
60657.500 |
|
Interest and discount on advances/bills |
23656.200 |
23481.600 |
47137.800 |
|
Income on investments |
6536.600 |
5924.000 |
12460.700 |
|
Interest on term money/ lendings |
113.800 |
165.300 |
279.100 |
|
Interest on balances with RBI and other interbank funds |
303.000 |
381.600 |
684.500 |
|
Other interest income |
71.100 |
24.300 |
95.400 |
|
Other income |
2140.100 |
2183.500 |
4323.600 |
|
Total income |
32820.800 |
32160.300 |
64981.100 |
|
Interest expanded |
20920.200 |
20350.800 |
41271.000 |
|
Operating expenses |
5406.800 |
4988.000 |
10394.800 |
|
Payments to an provision for employees |
3438.900 |
3324.700 |
6763.600 |
|
Other operating expenses |
1967.900 |
1663.300 |
36.1200 |
|
Total expenditure
[excluding provisions and contingencies] |
26327.000 |
25338.800 |
51665.800 |
|
Operating profit
/loss [profit before provision and contingencies] |
6493.800 |
6821.500 |
13315.300 |
|
Other provision and contingencies |
3657.400 |
2594.800 |
6252.200 |
|
Out of which provision for NPAs |
2780.800 |
2311.300 |
5092.100 |
|
Provision for taxes |
1273.500 |
2356.500 |
3630.000 |
|
Deferred tax |
(571.400) |
(1481.500) |
(2052.900) |
|
Net profit |
2134.300 |
3351.700 |
5486.000 |
|
Paid-up equity share capital |
207.500 |
207.500 |
207.500 |
|
Reserves excluding revaluation reserves |
|
|
|
|
Analytical Ratios |
|
|
|
|
Percentage of shares held by Gol |
NIL |
NIL |
NIL |
|
Capital adequacy ratio (Basel I) |
12.18% |
12.43% |
12.18% |
|
Capital adequacy ratio (Basel II) |
12.86% |
13.17% |
12.86% |
|
Earnings per share (In Rs.) (**) |
1028.57 |
1615.27 |
2643.85 |
|
Amount of gross non-performing assets |
26034.700 |
22100.100 |
26034.700 |
|
Amount of net non-performing assets |
10968.900 |
9811.700 |
10968.900 |
|
Percentage of gross NPAs |
3.30% |
2.83% |
3.30% |
|
Percentage of net NPAs |
1.42% |
1.28% |
1.42% |
|
Return on assets (ROA) (annualized) |
0.89% |
1.10% |
0.89% |
|
Note (**) Figures reported for the period are not annualised |
|||
UNAUDITED SEGMENT REPORTING FOR THE QUARTER ENDED 30.09.2012
(Rs. In Millions)
|
Particular |
Quarter Ended |
Half-year
Ended |
|
|
|
30.09.2012 |
30.06.2012 |
31.12.2011 |
|
|
Reviewed |
||
|
Segment Revenue |
|
|
|
|
(a) Treasury Operations |
706.900 |
1006.200 |
1713.100 |
|
(b) Corporate/Wholesale |
8353.500 |
6582.900 |
14936.400 |
|
(c) Retail Banking |
23729.700 |
24552.200 |
48281.900 |
|
(d) Other Banking Operations |
30.500 |
19.300 |
49.700 |
|
TOTAL |
32820.600 |
32160.600 |
64981.100 |
|
Segment Results |
|
|
|
|
(a) Treasury Operations |
305.500 |
915.800 |
1221.300 |
|
(b) Corporate/Wholesale |
4713.800 |
3965.200 |
8679.000 |
|
(c) Retail Banking |
2247.400 |
2716.000 |
4963.500 |
|
(d) Other Banking Operations |
30.500 |
19.300 |
49.600 |
|
TOTAL |
7297.200 |
7616.300 |
14913.400 |
|
Unallocated expenses / unallocated income |
(803.300) |
(794.800) |
(1598.100) |
|
OPERATING PROFIT |
6493.900 |
6821.500 |
13315.300 |
|
Provisions & Contingencies |
3657.400 |
2594.800 |
6252.200 |
|
Taxes |
702.100 |
875.000 |
1577.100 |
|
Extraordinary Profit |
0.000 |
0.000 |
00.000 |
|
Net Profit |
2134.400 |
3351.700 |
5486.000 |
|
Other Information |
|
|
|
|
Segment Assets |
|
|
|
|
(a) Treasury Operations |
409937.700 |
389487.300 |
409937.700 |
|
(b) Corporate/Wholesale |
477884.300 |
479160.800 |
477884.300 |
|
(c) Retail Banking |
350768.900 |
339777.500 |
350768.900 |
|
TOTAL |
1238590.900 |
1208425.600 |
1238590.900 |
|
Unallocated Assets |
4590.700 |
3833.400 |
4590.700 |
|
TOTAL |
1243181.600 |
1212259.000 |
1243181.600 |
|
Segment Liabilities |
|
|
|
|
(a) Treasury Operations |
413065.400 |
9344.200 |
413085.400 |
|
(b) Corporate/Wholesale |
154957.200 |
135273.700 |
154957.200 |
|
(c) Retail Banking |
638689.000 |
1031191.100 |
638689.000 |
|
TOTAL |
1206731.600 |
117580.900 |
1206731.600 |
|
Unallocated Liabilities |
36450.000 |
36450.000 |
3645.00 |
|
TOTAL |
1243181.600 |
1212259.000 |
124318.16 |
|
Notes: 1. The Bank operates only in Domestic Segment 2. Figures for the previous period have been regrouped wherever necessary in order to make them comparable |
|||
NOTE:
WEBSITE DETAILS:
OVERVIEW
Subject was constituted as Hyderabad State Bank on 8.8.1941 under Hyderabad State
Bank Act, 1941. The Bank started with the unique distinction of being the
central bank of the erstwhile State of Hyderabad, covering present-day
Telangana region of Andhra Pradesh, Hyderabad-Karnataka of Karnataka and
Marathwada of Maharashtra, to manage its currency – Osmania Sikka and public
debt apart from the functions of commercial banking. The first branch of the
Bank was opened at Gunfoundry, Hyderabad on 5th April, 1942.
In 1953, the Bank took over the assets and liabilities of the Hyderabad Mercantile Bank Limited. In the same year, the Bank started conducting Government and Treasury business as agent of Reserve Bank of India. In 1956, the Bank was taken over by Reserve Bank of India as its first subsidiary and its name was changed from Hyderabad State Bank to State Bank of Hyderabad. The Bank became a subsidiary of the State Bank of India on the 1st October 1959 and is now the largest Associate Bank of State Bank of India.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international anti-terrorism
laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.74 |
|
|
1 |
Rs.89.02 |
|
Euro |
1 |
Rs.72.48 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
9 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
9 |
|
--CREDIT LINES |
1~10 |
9 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
76 |
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.