1. Summary Information
|
|
|
Country |
|
|
Company Name |
CMS INFO SYSTEMS
PRIVATE LIMITED |
Principal Name 1 |
Mr. Richard B. Saldanha |
|
Status |
Moderate |
Principal Name 2 |
Mr. Ramesh Dutta Grover |
|
|
|
Registration # |
11-180479 |
|
Street Address |
CMS House, Plot 91, Street No.7, MIDC Marol, Andheri, Mumbai – 400093,
|
||
|
Established Date |
26.03.2008 |
SIC Code |
-- |
|
Telephone# |
91-22-30888881/
5/30888853 |
Business Style 1 |
Services Provider |
|
Fax # |
91-22-30888886/28364954 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
IT Consulting Networking |
|
|
# of employees |
7000
(Approximately) |
Product Name 2 |
Training |
|
Paid up capital |
Rs.1,278,802,000/- |
Product Name 3 |
Outsourcing |
|
Shareholders |
Foreign holdings – 56.67% Directors or relatives of
directors – 40.95% Other top fifty shareholders –
2.38% |
Banking |
ICICI Bank |
|
Public Limited Corp. |
No |
Business Period |
4 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B
(27) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,417,901,000 |
Current Liabilities |
894,652,000 |
|
Inventories |
171,054,000 |
Long-term Liabilities |
1,061,072,000 |
|
Fixed Assets |
1,449,565,000 |
Other Liabilities |
-- |
|
Deferred Assets |
-- |
Total Liabilities |
1,955,724,000 |
|
Invest& other Assets |
37,927,000 |
Retained Earnings |
-- |
|
|
|
Net Worth |
1,120,723,000 |
|
Total Assets |
3,076,447,000 |
Total Liab. & Equity |
3,076,447,000 |
|
Total Assets (Previous Year) |
3,232,951,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
3,554,739,000 |
Net Profit |
15,233,000 |
|
Sales(Previous yr) |
4,274,822,000 |
Net Profit(Prev.yr) |
(173,313,000) |
|
Report Date : |
20.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
CMS INFO SYSTEMS PRIVATE LIMITED (w.e.f. 05.12.2008) |
|
|
|
|
Formerly Known
As : |
SUBHIKSHA REALTY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
CMS House, Plot 91, Street No.7, MIDC Marol, Andheri, Mumbai – 400093,
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
26.03.2008 |
|
|
|
|
Com. Reg. No.: |
11-180479 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1278.802 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200MH2008PTC180479 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMC16860E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAAMCS2311K |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Providing IT Solutions. |
|
|
|
|
No. of Employees
: |
7000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 4500000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. There appears
some accumulated losses recorded by the company. However, trade relations are
reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some caution.
|
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 : |
CMS House, Plot 91, Street No.7, MIDC Marol, Andheri, Mumbai – 400093,
|
|
Tel. No.: |
91-22-30888881/ 5/30888853 |
|
Mobile No.: |
91-9322428307 (Ms. Laila) |
|
Fax No.: |
91-22-30888886/28364954 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
11th Floor, Silver Metropolis, Off Western Express Highway,
Opposite SRPF Grounds, Goregaon (East) Mumbai- 400 063, Maharashtra, |
|
Tel. No.: |
91-22- 67553100 / 04 |
|
Fax No.: |
91-22-67553105 |
|
|
|
|
Main Offices |
|
|
CMS SECURITAS
LIMITED |
6th Floor, Shop No. T- 151, Belapur Railway Station, CBD
Belapur, Navi Mumbai - 400 614, |
|
Tel. No.: |
91-22-67957400 |
|
Fax No.: |
91-22-67957435 |
|
|
|
|
CMS INSTITUTE |
|
|
Tel. No.: |
91-22-24384351 |
|
Fax No.: |
91-22-24382529 |
|
|
|
|
Branches: |
Located at : West
North
South
East
|
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Richard B. Saldanha |
|
Designation : |
Director |
|
Address : |
House No.24, |
|
Date of Birth/Age : |
03.02.1944 |
|
Date of Appointment : |
01.07.2009 |
|
|
|
|
Name : |
Mr. Ramesh Dutta Grover |
|
Designation : |
Director |
|
Address : |
1, Revills, 45 Cuffe Parade, Colaba, Mumbai – 400005, |
|
Date of Birth/Age : |
01.05.1945 |
|
Date of Appointment : |
15.10.2008 |
|
|
|
|
Name : |
Mr. Raju Ramesh Grover |
|
Designation : |
Director |
|
Address : |
1, Revills, 45 Cuffe Parade, Colaba, Mumbai – 400005, |
|
Date of Birth/Age : |
08.09.1951 |
|
Date of Appointment : |
15.10.2008 |
|
|
|
|
Name : |
Mr. Akhilesh Krishna Gupta |
|
Designation : |
Director |
|
Address : |
Flat No. 803, Taj |
|
Date of Birth/Age : |
20.07.1952 |
|
Date of Appointment : |
01.07.2009 |
|
|
|
|
Name : |
Mr. Mathew Cyriac |
|
Designation : |
Director |
|
Address : |
Kanchanjunga, Flat No. 13, 12th Floor, 72, |
|
Date of Birth/Age : |
20.05.1969 |
|
Date of Appointment : |
01.07.2009 |
|
|
|
|
Name : |
Mr. Gautam Chakravarti |
|
Designation : |
Director |
|
Address : |
A/1003, |
|
Date of Birth/Age : |
02.07.1953 |
|
Date of Appointment : |
01.07.2009 |
|
|
|
|
Name : |
Mr. Rajiv Kaul |
|
Designation : |
Whole Time Director |
|
Address : |
B – 40, SFS, Sheikh Sarai – Phase 1, |
|
Date of Birth/Age : |
29.07.1968 |
|
Date of Appointment : |
01.07.2009 |
KEY EXECUTIVES
|
Name : |
Mr Sudev Muthya |
|
Designation : |
President |
|
|
|
|
Name : |
Mr. Anup Neogl |
|
Designation : |
COO – Securities |
|
|
|
|
Name : |
Mr. Pankaj Khandelwal |
|
Designation : |
Chief Financial Officer |
|
|
|
|
Name : |
Mr. Nitin Aurora |
|
Designation : |
Chief Information Officer |
|
|
|
|
Name : |
Mr. Alex Augustine |
|
Designation : |
VP – Corporate HR |
|
|
|
|
Name : |
Mr. A. Vadivelu |
|
Designation : |
Head – Commercial |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
Equity Shareholders
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Ramesh D Grover |
|
35550287 |
|
Vishal Grover |
|
4787327 |
|
Raju R Grover |
|
70161 |
|
Aarti Grover |
|
3155687 |
|
R D Grover (HUF) through Ramesh D. Grover |
|
2666667 |
|
Srinivasan Ramadorai |
|
1192738 |
|
Blackstone FP Capital Partners ( |
|
63974717 |
|
Varun K. Prasad |
|
1482605 |
|
Total |
|
112880189 |
Preference Shareholders
|
Names of Shareholders |
|
No. of Shares |
|
Mathew Cyriac |
|
500000 |
|
Rajiv Kaul |
|
500000 |
|
Pankaj Khandelwal |
|
500000 |
|
Total |
|
1500000 |
As on 30.09.2010
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 |
56.67 |
|
Directors or relatives of Directors |
40.95 |
|
Other top fifty shareholders |
2.38 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing IT Solutions. |
|
|
|
|
Services : |
·
IT Consulting Networking ·
Training ·
Outsourcing ·
Platform Delivery ·
Facility Management |
GENERAL INFORMATION
|
No. of Employees : |
7000 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Millions)
|
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Banking
Relations : |
|
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|
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Auditors : |
|
|
Name : |
S. R. Batliboi and Associates Chartered Accountant |
|
Address : |
Jalan mills Compound, 95, Ganpatrao kadam Marg, Mumbai-400 013, |
|
Tel. No.: |
91-22-40356300 |
|
Fax No.: |
91-22-40356400 |
|
|
|
|
Holding Company:
|
Blackstone FP Capital Partners ( |
|
|
|
|
Subsidiaries : |
|
|
|
|
|
Associates : |
|
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
118000000 |
Equity Shares |
Rs.10/- Each |
Rs.1180.000 millions |
|
1500000 |
Preference Shares |
Rs.100/- Each |
Rs.150.000 millions |
|
|
Total |
|
Rs.1330.000
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
112880189 |
Equity Shares |
Rs.10/- Each |
Rs.1128.802
millions |
|
1500000 |
Preference Shares |
Rs.100/- Each |
Rs.150.000 millions |
|
|
Total |
|
Rs.1278.802 millions |
Of the above
·
63974717 equity shares of
Rs.10/- each are held by Blackstone FP Capital Partners V Limited
·
112830189 equity shares of Rs.10/- are allotted as
fully paid up pursuant to contracts for consideration other than cash pursuant
to scheme of arrangement
·
1500000 0.01% Optionally converted redeemable
preference shares are compulsory redeemable within a period of 19months 11
years from the date of issue i.e. March 18,2010 and with an option to convert
in 1500000 equity shares of Rs.10/- each after one year from date of issue.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1278.802 |
1128.802 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(158.079) |
(173.313) |
0.000 |
|
|
NETWORTH |
1120.723 |
955.489 |
0.100 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
898.508 |
1123.337 |
0.000 |
|
|
2] Unsecured Loans |
162.564 |
142.600 |
0.000 |
|
|
TOTAL BORROWING |
1061.072 |
1265.937 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2181.795 |
2221.426 |
0.100 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1449.565 |
1522.175 |
0.000 |
|
|
Capital work-in-progress |
11.217 |
16.333 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
21.676 |
21.675 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
171.054
|
147.520 |
0.000 |
|
|
Sundry Debtors |
945.305
|
1148.788 |
0.000 |
|
|
Cash & Bank Balances |
46.449
|
67.623 |
0.090 |
|
|
Other Current Assets |
83.918
|
43.707 |
0.000 |
|
|
Loans & Advances |
342.229
|
255.763 |
0.000 |
|
Total
Current Assets |
1588.955
|
1663.401 |
0.090 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
412.851
|
528.215 |
0.000 |
|
|
Other Current Liabilities |
409.341
|
413.200 |
0.003 |
|
|
Provisions |
72.460
|
70.110 |
0.000 |
|
Total
Current Liabilities |
894.652
|
1011.525 |
0.003 |
|
|
Net Current Assets |
694.303
|
651.876 |
0.087 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
5.034 |
9.367 |
0.013 |
|
|
|
|
|
|
|
|
TOTAL |
2181.795 |
2221.426 |
0.100 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
|
|
|
|
|
|
|
|
Sales Including
Other Income and Foreign Exchange Gain |
3554.739 |
4274.822 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
3539.506 |
4484.808 |
0.013 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
15.233 |
(209.986) |
(0.013) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
(36.673) |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
15.233 |
(173.313) |
(0.013) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(173.313) |
0.000 |
0.013 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(158.079) |
(173.313) |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
106.403 |
66.488 |
NA |
|
|
|
Stores & Spares |
107.174 |
118.285 |
NA |
|
|
|
Capital Goods |
10.225 |
47.949 |
NA |
|
|
TOTAL IMPORTS |
223.802 |
232.722 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.13 |
(1.54) |
- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
(0.43)
|
(4.05) |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.50)
|
(6.59) |
(14.44) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
(0.22) |
(0.13) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.75
|
2.38 |
0.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.78
|
1.64 |
30.00 |
LOCAL AGENCY FURTHER INFORMATION
FORM 8:
|
Corporate
identity number of the company |
U45200MH2008PTC180479 |
|
Name of the
company |
CMS Info Systems
Private Limited |
|
Address of the
registered office or of the principal place of business in |
CMS House, Plot
No.91, Street No.7, Marol, MIDC, Mumbai – 400093, |
|
This form is for |
Creation of charge |
|
Type of charge |
Book debts Movable property (not being pledge) |
|
Particular of
charge holder |
State Bank of India -
Commercial Branch (Advances), NGN Vaidya Marg, Bank Street, Horniman
Circle, Mumbai – 400023, Maharashtra, India e-mail id: kamalax_saraf@hotmail.com |
|
Nature of
instrument creating charge |
A. Agreement of
hypothecation of goods and assets (form c.2) B. Letter
regarding the grant of individual limits within the overall limit (form c.5) Both agreements
constitute a single charge. |
|
Date of
instrument Creating the charge |
30.06.2010 |
|
Amount secured by
the charge |
Rs. 250.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of
Interests: As per sanction
terms and conditions duly accepted by the company. Terms of
repayment: As per sanction
terms and conditions duly accepted by the company. Margin: Raw materials :
domestic: 25% imported:
25% Stocks in process:
25% Stores and
spares: 25% Finished goods:
25% Receivables
(cover period 120 days):30% Clean/documentary
sight/ usance : 10% Bank guarantee:
regular :5% Disputed: 100% Extent and
operation of the charge: Hypothecation by
way of: 1. First pari passu charge on borrowers entire current assets
including all raw materials, stores and spares, stock in process, receivables
and other current assets. 2. Second pari
passu charge on the entire movable assets plant and machineries. Others Cash
Credit/Wcdl Rs. 100.000 Millions
----------------------- Total FB Rs. 100.000 Millions Bank
Guarantee Rs. 150.000 Millions Letter Of
Credit Rs.( 20.000 Millions) Sub Limit Within Bg ----------------------- Total NFBWC Rs.150.000 Millions
----------------------- Total (FB +
NFB) Rs. 250.000 Millions |
|
Particulars of the
property charged |
1. First pari
passu charge of hypothecation on the whole of the current assets of the
borrower namely, stocks of raw materials, stocks in process, semi finished
& finished goods, stores and spares not relating to plant and machinery (consumable
stores and spares), bills receivables and book debts and all other movables,
both present and future whether now lying loose or in cases or which are now
lying or stored in or about or shall hereinafter from time to time during the
continuance of the security of these presents be brought into or upon or be
stored or be in or about of the borrowers factories, premises and godowns
situate at Mumbai in the State of Maharashtra or wherever the same may be or
be held by any party to the order or disposition of the borrower or in the
course of transit or on high seas or on order or delivery, however and where
so ever in the possession of the borrower and either by way of substitution
or addition. 2. Second pari
passu charge of hypothecation on the whole of the movable assets including
plant and machineries, furniture and fixtures both present and future, of the
borrower being and lying in the borrowers premises or godowns owned or rented
and whether lying loose or in cases or otherwise used in the business of the
borrower at the or in transit then belonging to or that may at any time,
during the continuance of the said facilities and the said security, belong
to the borrower or that may be held by any party to the order or disposition
of the borrower. |
Fixed Assets
AS PER WEB SITE
DETAILS
Profile
Subject IT and outsourced business
services provider with extensive reach across
With several customers who are market leaders in their own
space, the relationship has spanned across decades and multiple business lines.
These customers are supported by 21,000+ team members, spread across over 100
offices across
There offerings span application services, systems integration, IT infrastructure management, IT training businesses with market leadership in outsourced cash logistics, transaction printing, card personalization and self service solutions businesses.
CMS is currently in the process of leveraging its enormous scale and wide reach to expand its offerings of high value and innovative end-to-end solutions in the IT and outsourced business segments.
There vision is to become the number one end-to-end solutions provider and demonstrate excellence in providing the best-in-class infrastructure management services to There clients in diverse horizontal and vertical segments.
The Investors
Blackstone Capital
Partners
Subject has partnered with The Blackstone Group for its
capital requirements. The Blackstone Group is a
Blackstone is assisting CMS along various dimensions including business development to build a high-growth, sustainable and valuable company.
The Blackstone Group is one of the world's largest Private Equity firm and provider of financial advisory services listed on the New York Stock Exchange with total assets under management of $98.1 billion at March 31, 2010.
Managed IT Services
Organizations are actively considering a shift to managed IT services. CMS offers a comprehensive portfolio of services to meet specific requirements and manage service-level agreements (SLAs).
The managed services
portfolio includes
CMS's Managed IT Services reduce portfolio reduces the complexity of managing a multivendor end-user environment.
Key elements of CMS's Managed IT Services portfolio includes:
Multivendor hardware maintenance/ AMC services for all types of IT hardware.
MS delivers reliable, secure and a better customer
experience for customers on a pan
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.50.12 |
|
|
1 |
Rs.79.37 |
|
Euro |
1 |
Rs.66.00 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
27 |
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.