|
Report Date : |
02.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
VMWARE SOFTWARE INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Kalyani Magnum, Tower 1, 3rd Floor, No. 165/2, Doraisanipalya,
IIM Post, Bannerghatta Road, Bangalore – 560076, Karnataka |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
09.03.2007 |
|
|
|
|
Com. Reg. No.: |
08-042047 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 0.100 Million |
|
|
|
|
CIN No.: [Company
Identification No.] |
U72900KA2007PTC042047 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is providing services of Research and Development,
Marketing Services and IT Enabled Services. |
|
|
|
|
No. of Employees
: |
Information declined by Management. |
RATING and COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to be
usually correct 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.
INFORMATION DECLINED
Management Non- co operative
LOCATIONS
|
Registered Office : |
Kalyani Magnum, Tower 1, 3rd Floor, No. 165/2, Doraisanipalya,
IIM Post, Bannerghatta Road, Bangalore – 560076, Karnataka, India |
|
Tel. No.: |
91-80-39140891/ 40646000 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Websites: |
|
|
|
|
|
Branch 1 : |
Vaibhav Chambers, 401-403, Bandra-Kurla Complex, Bandra (East ), Mumbai
– 400051, |
|
|
|
|
Branch 2 : |
8th, Floor, Bajaj IT Tower, Building “Bajaj Brandview”
Survey No. 25, A/1, Plot No. 38, Wakdewadi, Shivaji nagar, Pune – 411005,
Maharashtra , India |
|
|
|
|
Branch 3 : |
504, Paharpur Business Centre, 21, |
|
|
|
|
Branch 4 : |
Suite No.231, Regus Business Center, Olympia Tech Park, Level 2,
Altius No. 1, Sidco Industrial Estate, Guindy, Chennai – 600032, India |
|
|
|
|
World Headquarters : |
Located at :
Middle East/ |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Ajit Ramachandra Mayya |
|
Designation : |
Director |
|
Date of Birth/Age : |
01.08.1963 |
|
Date of Appointment : |
29.06.2007 |
|
Din No.: |
01508985 |
|
|
|
|
Name : |
Mr. Velmurugan Kanniappan |
|
Designation : |
Director |
|
Date of Birth/Age : |
21.10.1971 |
|
Qualification : |
CA, CS, ICWA |
|
Experience : |
19.6 Years |
|
Date of Appointment : |
21.04.2008 |
|
Din No.: |
02226682 |
|
|
|
|
Name : |
Mr. Niranjan Kumar Siddappa Maka |
|
Designation : |
Additional Director |
|
Date of Birth/Age : |
27.05.1960 |
|
Qualification : |
M Tech |
|
Experience : |
25.7 Years |
|
Date of Appointment : |
16.06.2010 |
|
Din No.: |
02506893 |
|
|
|
|
Name : |
Shrimati Ambastha |
|
Designation : |
Director, Systems Engineering |
|
Date of Birth/Age : |
36 Years |
|
Qualification : |
MCA |
|
Experience : |
19.5 Years |
|
Date of Appointment : |
07.09.2009 |
|
|
|
|
Name : |
Mr. Ganesan Arumugam |
|
Designation : |
Partner Channels Director |
|
Date of Birth/Age : |
45 Years |
|
Qualification : |
MBA |
|
Experience : |
21.8 Years |
|
Date of Appointment : |
02.11.2009 |
|
|
|
|
Name : |
Mr. Amitn L Gaur |
|
Designation : |
Director |
|
Date of Birth/Age : |
32 Years |
|
Qualification : |
MBA |
|
Experience : |
8.8 Years |
|
Date of Appointment : |
02.05.2010 |
|
|
|
|
Name : |
Mr. Prabhakar Kandasamy |
|
Designation : |
Director, CPD |
|
Date of Birth/Age : |
49 Years |
|
Qualification : |
BSc |
|
Experience : |
26.8 Years |
|
Date of Appointment : |
09.05.2005 |
|
|
|
|
Name : |
Mr. Mangesh Dashratha Pangarkar |
|
Designation : |
Director, R and D |
|
Date of Birth/Age : |
40 Years |
|
Qualification : |
BE |
|
Experience : |
18.4 Years |
|
Date of Appointment : |
18.06.2007 |
|
|
|
|
Name : |
Mr. Neeraj Goyal |
|
Designation : |
Director, R and D |
|
Date of Birth/Age : |
39 Years |
|
Qualification : |
PG |
|
Experience : |
19.7 Years |
|
Date of Appointment : |
13.08.2007 |
|
|
|
|
Name : |
Mr. Thomas George |
|
Designation : |
Director, |
|
Date of Birth/Age : |
36 Years |
|
Qualification : |
BA, PGDM |
|
Experience : |
13.4 Years |
|
Date of Appointment : |
26.11.2007 |
|
|
|
|
Name : |
Mr. Kaushal Dalal |
|
Designation : |
Director, R and D |
|
Date of Birth/Age : |
41 Years |
|
Qualification : |
MSC |
|
Experience : |
17.8 Years |
|
Date of Appointment : |
31.03.2008 |
|
|
|
|
Name : |
Mr. Nalin Pandey |
|
Designation : |
Sr. Director, Technical Support |
|
Date of Birth/Age : |
43 Years |
|
Qualification : |
BE,MBA |
|
Experience : |
12.6 Years |
|
Date of Appointment : |
10.04.2009 |
|
|
|
|
Name : |
Mr. Akshat Mathur |
|
Designation : |
Director, QA |
|
Date of Birth/Age : |
41 Years |
|
Qualification : |
BE, PGDM |
|
Experience : |
17.1 Years |
|
Date of Appointment : |
15.03.2008 |
KEY EXECUTIVES
|
Name : |
Mr. Balaji .S. Rao |
|
Designation : |
Country Manager - Sales |
|
Date of Birth/Age : |
38 Years |
|
Qualification : |
BE |
|
Experience : |
15.1 Years |
|
Date of Appointment : |
05.11.2009 |
|
|
|
|
Name : |
Mr. Vishnu Mohan Sekhar |
|
Designation : |
Staff Engineer |
|
Date of Birth/Age : |
34 Years |
|
Qualification : |
MS |
|
Experience : |
15 Years |
|
Date of Appointment : |
23.07.2001 |
|
|
|
|
Name : |
Mr. Shyam Venkatram |
|
Designation : |
Sr. Manager, R and D |
|
Date of Birth/Age : |
45 Years |
|
Qualification : |
BE |
|
Experience : |
27.3 Years |
|
Date of Appointment : |
14.08.2000 |
|
|
|
|
Name : |
Mr. Masum Khan Mayana |
|
Designation : |
Senior Manager, QE |
|
Date of Birth/Age : |
36 Years |
|
Qualification : |
BE |
|
Experience : |
13.3 Years |
|
Date of Appointment : |
24.01.2005 |
|
|
|
|
Name : |
Mr. Anand Batukbhai Bhatt |
|
Designation : |
Manager, Technical Support |
|
Date of Birth/Age : |
34 Years |
|
Qualification : |
BA |
|
Experience : |
12.1 Years |
|
Date of Appointment : |
14.04.2005 |
|
|
|
|
Name : |
Mr. Dominic Rajendran |
|
Designation : |
Senior Manager, Technical Support |
|
Date of Birth/Age : |
33 Years |
|
Qualification : |
MCA |
|
Experience : |
9.4 Years |
|
Date of Appointment : |
07.06.2005 |
|
|
|
|
Name : |
Mr. Vinod Krishnan |
|
Designation : |
Country Manager – Emerging Products |
|
Date of Birth/Age : |
38 Years |
|
Qualification : |
B Tech, PGDBM |
|
Experience : |
12.1 Years |
|
Date of Appointment : |
26.09.2005 |
|
|
|
|
Name : |
Mr. Chinmay V Albal |
|
Designation : |
Staff Engineer |
|
Date of Birth/Age : |
36 Years |
|
Qualification : |
MCA |
|
Experience : |
13.5 Years |
|
Date of Appointment : |
17.11.2005 |
|
|
|
|
Name : |
Mr. Sunil Kumar Kale |
|
Designation : |
Sr. Manager, QE |
|
Date of Birth/Age : |
40 Years |
|
Qualification : |
BE |
|
Experience : |
16.8 Years |
|
Date of Appointment : |
23.01.2006 |
|
|
|
|
Name : |
Mr. Pratheep Ooramkumarath |
|
Designation : |
Manager, QE |
|
Date of Birth/Age : |
39 Years |
|
Qualification : |
MSc |
|
Experience : |
15.9 Years |
|
Date of Appointment : |
20.02.2006 |
|
|
|
|
Name : |
Mr. Vijay Potluri |
|
Designation : |
Sr MTS |
|
Date of Birth/Age : |
46 Years |
|
Qualification : |
MS |
|
Experience : |
9.4 Years |
|
Date of Appointment : |
10.04.2006 |
|
|
|
|
Name : |
Mr. Brindha Ramakrishnan |
|
Designation : |
Manager, R and D |
|
Date of Birth/Age : |
36 Years |
|
Qualification : |
BE |
|
Experience : |
17.5 Years |
|
Date of Appointment : |
01.05.2006 |
|
|
|
|
Name : |
Mr. Kupendra .S. Shivapuram |
|
Designation : |
Senior Manager ,CPD |
|
Date of Birth/Age : |
49 Years |
|
Qualification : |
B Tech |
|
Experience : |
23.5 Years |
|
Date of Appointment : |
22.05.2006 |
|
|
|
|
Name : |
Mr. Gaurav Lochan |
|
Designation : |
Manager, R and D |
|
Date of Birth/Age : |
35 Years |
|
Qualification : |
MS |
|
Experience : |
13.4 Years |
|
Date of Appointment : |
13.06.2006 |
|
|
|
|
Name : |
Ms. Jyothi Mallikarjun |
|
Designation : |
Sr. MTS |
|
Date of Birth/Age : |
31 Years |
|
Qualification : |
BE |
|
Experience : |
7 Years |
|
Date of Appointment : |
20.11.2006 |
|
|
|
|
Name : |
Mr. Prasad Sharad Dabak |
|
Designation : |
Staff Engineer |
|
Date of Birth/Age : |
42 Years |
|
Qualification : |
MCS |
|
Experience : |
23.3 Years |
|
Date of Appointment : |
18.06.2007 |
|
|
|
|
Name : |
Mr. Nitesh Malhotra |
|
Designation : |
Sr. Manager |
|
Date of Birth/Age : |
38 Years |
|
Qualification : |
BE |
|
Experience : |
15.1 Years |
|
Date of Appointment : |
10.10.2008 |
|
|
|
|
Name : |
Mr. Gopalakrishnan .T.
Srinivasan |
|
Designation : |
Manager, QE |
|
Date of Birth/Age : |
36 Years |
|
Qualification : |
BE |
|
Experience : |
10.3 Years |
|
Date of Appointment : |
23.02.2009 |
|
|
|
|
Name : |
Mr. Tiruvenkatachari Srinivasan |
|
Designation : |
General Manager, Field Operations - |
|
Date of Birth/Age : |
51 Years |
|
Qualification : |
B Com |
|
Experience : |
30.3 Years |
|
Date of Appointment : |
01.07.2009 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
VMware International Limited, |
9990 |
|
VMware Bermuda Limited, |
10 |
|
Total |
10000 |
As on 30.09.2011
|
Equity Share
Breakup |
Percentage of
Holding |
|
Category |
|
|
Foreign holdings [Foreign
institutional investors, Foreign Companies, Foreign Financial Institutions,
Non-resident Indian or Overseas corporate bodies or others] |
100.00 |
|
Total
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is providing services of Research and Development,
Marketing Services and IT Enabled Services. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by Management. |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
5th Floor, Tower D, Millenia, 1 and 2 Murphy Road, Ulsoor,
Bangalore – 560008, Karnataka, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAFFP3698A |
|
|
|
|
Ultimate Holding Company: |
VMware Inc. |
|
|
|
|
Holding Company: |
|
|
|
|
|
Fellow Subsidiaries : |
|
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.500 Million |
|
|
|
|
|
Issued, Subscribed and Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100 Million |
|
|
|
|
|
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 |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves and Surplus |
330.954 |
140.124 |
7.115 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
331.054 |
140.223 |
7.215 |
|
|
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 |
331.054 |
140.223 |
7.215 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
539.355 |
564.554 |
510.603 |
|
|
Capital work-in-progress |
16.145 |
2.573 |
12.850 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
58.926 |
38.628 |
12.731 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS and ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
87.615
|
57.073 |
25.019 |
|
|
Cash and Bank Balances |
218.487
|
138.839 |
101.585 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans and Advances |
213.991
|
138.153 |
87.923 |
|
Total
Current Assets |
520.093
|
334.065 |
214.527 |
|
|
Less : CURRENT
LIABILITIES and PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
239.109
|
157.973 |
91.201 |
|
|
Other Current Liabilities |
499.647
|
612.687 |
625.460 |
|
|
Provisions |
64.709
|
28.937 |
26.835 |
|
Total
Current Liabilities |
803.465
|
799.597 |
743.496 |
|
|
Net Current Assets |
(283.372)
|
(465.532) |
(528.969) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
331.054 |
140.223 |
7.215 |
|
PROFIT and LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
|
|
TOTAL TURNOVER |
2586.995 |
1789.849 |
1258.135 |
|
|
|
|
|
|
|
|
|
|
EXPENSES |
2008.136 |
1602.037 |
1243.475 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
578.859 |
432.062 |
213.976 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
301.347 |
244.250 |
178.408 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
277.512 |
187.812 |
35.568 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
86.682 |
54.803 |
32.386 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
190.831 |
133.008 |
3.182 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
140.123 |
7.115 |
3.933 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
330.954 |
140.123 |
7.115 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
2586.527 |
1685.147 |
1258.035 |
|
|
TOTAL EARNINGS |
2586.527 |
1685.147 |
1258.035 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
181.100 |
251.354 |
415.973 |
|
|
TOTAL IMPORTS |
181.100 |
251.354 |
415.973 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
19083.06 |
13300.86 |
318.21 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
7.38
|
7.43 |
0.25 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
10.73
|
10.49 |
2.83 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.25
|
0.20 |
0.05 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.84
|
1.34 |
4.93 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.43
|
5.70 |
103.05 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.65
|
0.42 |
0.29 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
Rs.
In Millions 31.03.2011 |
Rs.
In Millions 31.03.2010 |
Rs.
In Millions 31.03.2009 |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
Creditors due small micro and medium
enterprises |
0.000 |
0.000 |
0.000 |
|
Creditors due others |
239.109
|
157.973 |
91.201 |
|
|
|
|
|
|
Total |
239.109 |
157.973 |
91.201 |
|
Check List by Info Agents |
Available in
Report (Yes / No) |
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Yes |
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Yes |
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No |
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Yes |
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Yes |
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Yes |
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No |
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No |
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No |
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Yes |
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Yes |
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Yes |
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Yes |
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No |
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No |
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Yes |
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Yes |
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Yes |
Note :
Registered Office of the company has been shifted from Unit 706, A –
Wing, Carlton Tower No. 1,
Review of Operations and Business Prospects
The company has
maintained satisfactory progress during the financial year. The company’s
management is continuously progressing in market penetration in international
markets. The Board of Directors is doing all it can for improving current year
performance.
Contingent Liabilities:
|
Particulars |
Rs.
In Millions 31.03.2011 |
Rs.
In Millions 31.03.2010 |
|
|
|
|
|
Bank Guarantees |
12.806 |
9.389 |
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Fixed Assets:
CMT REPORT (Corruption, Money Laundering and 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. 52.51 |
|
|
1 |
Rs. 85.49 |
|
Euro |
1 |
Rs. 69.61 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
ACH |
SCORE and RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
- |
|
--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 |
No |
|
--AFFILIATION |
YES/NO |
Yes |
|
--LISTED |
YES/NO |
No |
|
--OTHER MERIT FACTORS |
YES/NO |
Yes |
|
TOTAL |
|
46 |
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 and 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.