%20PRIVATE%20LIMITED%20-%20167342%2023-Jan-2012_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
|
Report Date : |
23.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
INFOR GLOBAL SOLUTIONS (INDIA) PRIVATE LIMITED (w.e.f.02.04.2007) |
|
|
|
|
Formerly Known
As : |
SSA GLOBAL TECHNOLOGIES (INDIA) PRIVATE LIMITED (w.e.f.15.07.2004) BAAN INFO SYSTEMS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
4th Floor, Block B-Q-city, Survey No.109, 110, 111/2, Nanakramguda
(V), Serilingampally (M), R R District, Hyderabad-500032, Andhra Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
03.02.1989 |
|
|
|
|
Com. Reg. No.: |
01-077283 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74100AP1989PTC077283 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company is engaged
in the business of sale of user license of Enterprise Application Software,
Software Development and rendering Software related services to the group
companies and external parties. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1500000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having fine track. Financial position
of the company appears to be good. Trade relations are reported as fair.
Business is active. Payments are reported to be regular and as per
commitments. 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) |
|
India |
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 : |
4th Floor, Block B-Q-city, Survey No.109, 110, 111/2,
Nanakramguda (V), Serilingampally (M), R R District, Hyderabad-500032, Andhra
Pradesh, India |
|
Tel. No.: |
91-40-44440050 |
|
Fax No.: |
91-40-44440500 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Souma Shankar Das |
|
Designation : |
Director |
|
Address : |
#402, Olympus-1, Prestige Acropolis, #20, Hosur Road,
Bangalore-560029, Karnataka, India |
|
Date of Birth/Age : |
09.04.1964 |
|
Date of Appointment : |
01.02.2010 |
|
DIN No.: |
00001779 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U70200KA1995PTC019308 |
CITRIX
SYSTEMS INDIA PRIVATE LIMITED |
Managing
director |
01-10-01 |
01-10-01 |
31-01-10 |
Active |
NO |
|
2 |
U74100AP1989PTC077283 |
INFOR
GLOBAL SOLUTIONS (INDIA) PRIVATE LIMITED |
Director |
30-09-10 |
01-02-10 |
- |
Active |
NO |
|
3 |
U72200KA2002PTC030193 |
SOFTBRANDS
INDIA PRIVATE LIMITED |
Director |
30-09-11 |
17-01-11 |
- |
Active |
NO |
|
Name : |
Mr. Bradford Evan Steiner |
|
Designation : |
Director |
|
Address : |
85, Ridge Road, East Waban, MA, 2137, USA |
|
Date of Birth/Age : |
19.01.1964 |
|
Date of Appointment : |
22.10.2006 |
|
DIN No.: |
01845801 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U74100AP1989PTC077283 |
INFOR
GLOBAL SOLUTIONS (INDIA) PRIVATE LIMITED |
Director |
22-10-06 |
22-10-06 |
Active |
NO |
|
2 |
U72200KA2002PTC030193 |
SOFTBRANDS
INDIA PRIVATE LIMITED |
Director |
30-09-09 |
20-08-09 |
Active |
NO |
|
Name : |
Mr. Gregory Michael Giangiordano |
|
Designation : |
Director |
|
Address : |
440, Edenbrooke Way, Roswell GA, 7154, USA |
|
Date of Birth/Age : |
09.03.1966 |
|
Date of Appointment : |
22.10.2006 |
|
DIN No.: |
01849139 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U74100AP1989PTC077283 |
INFOR
GLOBAL SOLUTIONS (INDIA) PRIVATE LIMITED |
Director |
22-10-06 |
22-10-06 |
Active |
NO |
|
2 |
U72200KA2002PTC030193 |
SOFTBRANDS
INDIA PRIVATE LIMITED |
Director |
30-09-09 |
20-08-09 |
Active |
NO |
|
Name : |
Mr. Pothula Rangaswamy |
|
Designation : |
Director |
|
Address : |
H No. 302, Prashant Apartments, Anand Nagar, Khairtabad,
Hyderabad-500004, Andhra Pradesh, India |
|
Date of Birth/Age : |
16.04.1964 |
|
Date of Appointment : |
21.01.2010 |
|
DIN No.: |
02966168 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U74100AP1989PTC077283 |
INFOR
GLOBAL SOLUTIONS (INDIA) PRIVATE LIMITED |
Director |
30-09-10 |
21-01-10 |
Active |
NO |
|
2 |
U72200KA2002PTC030193 |
SOFTBRANDS
INDIA PRIVATE LIMITED |
Director |
29-12-10 |
01-02-10 |
Active |
NO |
|
3 |
U72200PN2002PTC016870 |
APPROVA
SYSTEMS PRIVATE LIMITED |
Additional
director |
14-09-11 |
14-09-11 |
Active |
NO |
|
Name : |
Mr. Alexander George Elkies |
|
Designation : |
Director |
|
Address : |
20, Nallur road, Singapore-456637 |
|
Date of Birth/Age : |
07.03.1955 |
|
Date of Appointment : |
01.02.2010 |
|
DIN No.: |
03006385 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U74100AP1989PTC077283 |
INFOR
GLOBAL SOLUTIONS (INDIA) PRIVATE LIMITED |
Director |
30-09-10 |
01-02-10 |
Active |
NO |
|
2 |
U72200KA2002PTC030193 |
SOFTBRANDS
INDIA PRIVATE LIMITED |
Director |
29-12-10 |
01-04-10 |
Active |
NO |
|
Name : |
Mr. William Kee Ho Lee |
|
Designation : |
Director |
|
Address : |
1, Sevenoaks Cres Bass Hill, New South Wales, 2197, Australia |
|
Date of Birth/Age : |
03.09.1975 |
|
Date of Appointment : |
11.12.2010 |
|
DIN No.: |
03189875 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U74100AP1989PTC077283 |
INFOR
GLOBAL SOLUTIONS (INDIA) PRIVATE LIMITED |
Additional
director |
11-12-10 |
11-12-10 |
Active |
NO |
|
2 |
U72200KA2002PTC030193 |
SOFTBRANDS
INDIA PRIVATE LIMITED |
Director |
30-09-11 |
17-01-11 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of
Shareholders |
Address of
Shareholders |
No. of Shares |
|
Infor Global Solutions (Barneveld) BV |
Baron VBan Nagellstraat, LK Barneveld, Netherlands |
14999 |
|
William Lee Jointly with Infor Global Solutions (Barneveld) BV |
1, Sevenoaks Cres Bass Hill, New South Wales, 2197, Australia |
1 |
|
|
Total
|
15000 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
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 : |
The Company is engaged
in the business of sale of user license of Enterprise Application Software,
Software Development and rendering Software related services to the group
companies and external parties. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Walker Chandiok and Company Chartered Accountant |
|
Address : |
Engineering Centre, 6th Floor, 9, Matthew Road, Opera House,
Mumbai-400004, Maharashtra, India |
|
Pan No. : |
AACPP3023C |
|
|
|
|
Ultimate Holding
Company : |
·
Infor Global Solutions Intermediate Holdings
Limited |
|
|
|
|
Holding Company : |
·
Infor Global Solutions (Barneveld) B.V. |
|
|
|
|
Fellow Subsidiaries and Associates Companies : |
·
Infor Global Solutions (Michigan) Inc. ·
Infor Global Solutions (Rungis I) ·
Infor Global Solutions (Georgia), Inc. ·
Infor Global Espanay Portugal S.A. ·
Infor Global Solutions Hannover GmbH ·
Infor Global Solutions (Lyngby II) A/S ·
Infor Global Solutions (S.E.A) Pte Limited ·
Infor Global Solutions (Asia) Limited ·
Infor Global Solutions (Sydney) Pty Limited ·
Infor Global Solutions (Australia) Pty Limited ·
Infor Global Solutions (Suresnes) SA ·
Infor Global Solutions Deutschland AG ·
Hansen Information Technologies ·
Infor Global Solutions (Hong Kong) Limited ·
Geac Computers Pty. Limited ·
Infor Global Solutions (Pacific) Pty Limited ·
Infinium Software, Inc. ·
Infor Global Solutions UK Subholdings Limited ·
Infor Global Solutions (Beijing) Company Limited. ·
Profuse Group B.V. ·
Infor Global Solutions (famborough) Limited ·
Infor Global Solutions (ANZ) Pty Limited ·
Workbrain LP ·
Infor Global Solutions UK Subholdings Limited ·
Infor Global Solutions (Midlands II) Limited ·
Infor Global Solutions (Markham), Inc. ·
Infor Global Solutions (Shanghai) Ltd.
(Frontstep) ·
Infor Global Solutions (Praha) s.r.o. ·
Infor Global Solutions Darmstadt GmbH ·
Infor Global Solutions (Teston) Limited ·
Infor Global Solutions (Asia Pacific) Limited
(Baan) ·
SSA Global Technologies (Israel) Limited ·
Infor Global Solutions (K.L.) Sdn Bhd ·
IGS Frimley Limited ·
Infor Enterprise Solutions Holdings, Inc. ·
Infor Global Solutions (Farnborough II) Limited
(SU) ·
Infor Global Solutions (Garches) SAS |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000 |
Equity Shares |
Rs.100/-
each |
Rs. 1.500
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 |
1.500 |
1.500 |
1.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
374.144 |
273.242 |
201.953 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
375.644 |
274.742 |
203.453 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
375.644 |
274.742 |
203.453 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
41.257 |
23.365 |
28.812 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
26.914 |
31.763 |
32.789 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
618.526
|
1057.005 |
768.112 |
|
|
Cash & Bank Balances |
607.912
|
54.643 |
58.934 |
|
|
Other Current Assets |
1.798
|
1.321 |
1.453 |
|
|
Loans & Advances |
133.628
|
77.544 |
54.559 |
|
Total
Current Assets |
1361.864
|
1190.513 |
883.058 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
914.509
|
836.680 |
607.083 |
|
|
Other Current Liabilities |
123.103
|
104.917 |
109.820 |
|
|
Provisions |
16.779
|
29.302 |
24.303 |
|
Total
Current Liabilities |
1054.391
|
970.899 |
741.206 |
|
|
Net Current Assets |
307.473
|
219.614 |
141.852 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
375.644 |
274.742 |
203.453 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1194.145 |
943.708 |
962.061 |
|
|
|
Other Income |
84.234 |
87.874 |
7.351 |
|
|
|
TOTAL (A) |
1278.379 |
1031.582 |
969.412 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employee cost |
590.969 |
434.059 |
436.269 |
|
|
|
Administrative and Other Expenses |
320.589 |
263.236 |
455.733 |
|
|
|
Cost of Revenue |
207.724 |
209.422 |
191.364 |
|
|
|
TOTAL (B) |
1119.282 |
906.717 |
1083.366 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
159.097 |
124.864 |
(113.954) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.103 |
1.260 |
0.376 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
158.994 |
123.605 |
(114.330) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
15.355 |
13.788 |
13.031 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
143.639 |
109.817 |
(127.361) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
42.738 |
38.528 |
37.753 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
100.901 |
71.289 |
(165.114) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
1295.765 |
553.496 |
644.840 |
|
|
|
Professional and Consultation Fees
|
0.000 |
93.662 |
22.159 |
|
|
TOTAL EARNINGS |
1295.765 |
647.158 |
666.999 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
25.729 |
7.017 |
11.910 |
|
|
TOTAL IMPORTS |
25.729 |
7.017 |
11.910 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6726.73 |
4752.61 |
(11007.62) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
7.89
|
6.91 |
(17.03) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
12.03
|
11.64 |
(13.24) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.04
|
8.82 |
(13.48) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.38
|
0.40 |
(0.63) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.81
|
3.53 |
3.64 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.29
|
1.23 |
1.19 |
LOCAL AGENCY FURTHER INFORMATION
NOTE:
Registered office
of the company has been shifted from A 301-302, Citi Point, J. B. Nagar,
Andheri Kurla Road, Andheri (East), Mumbai-400059, Maharashtra, India to the
present address w.e.f. 27.09.2011.
REVIEW OF OPERATIONS
During the period,
the Company has earned total income of Rs 1278.379 Millions against Rs.
1031.582 Millions in previous year. The Company has earned a profit after tax
of Rs. 100.901 Millions against Rs. 71.289 Millions for the previous year. The
management is putting its best efforts to improve the performance of the
Company.
BACKGROUND
Subject was
incorporated on February 3, 1989. The Company became a group entity of Invensys
Plc during the financial year 2000-2001 when Baan group of companies were
acquired by Invensys Plc.
During the year
2003-2004, Invensys Plc hived off and sold the Baan Group of companies to SSA
Global Technologies. Further, in the year 2006-07, SSA Global Technologies was
acquired worldwide by Infor Global Solutions Inc.
The Company is
engaged in the business of sale of user license of Enterprise Application
Software, Software Development and rendering Software related services to the
group companies and external parties.
CONTINGENT LIABILITIES EXIST IN RESPECT OF:
(Rs.
In Millions)
|
Particulars |
As at March 31, 2011 |
As at March 31, 2010 |
|
a) Guarantees
given by Bank on behalf of the Company |
4.600 |
4.600 |
|
b) Income tax
demand (including interest) in respect of an earlier year(s) under dispute. |
87.232 |
72.108 |
FIXED ASSETS
·
Leasehold Improvements
·
Computers
·
Furniture and Fixtures
·
Office Equipments
·
Motor Vehicles
·
Plant and Machinery
·
Building
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. 50.32 |
|
|
1 |
Rs. 77.96 |
|
Euro |
1 |
Rs. 65.30 |
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 |
6 |
|
--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 |
|
54 |
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.