1. Summary Information
|
Country |
|
||
|
Company Name |
HEWLETT PACKARD
INDIA SALES PRIVATE LIMITED |
Principal Name 1 |
Mrs. Neelam Dhawan |
|
Status |
Good |
Principal Name 2 |
Mr. Rajiv Shrivastava |
|
Registration # |
08-022727 |
||
|
Street Address |
24 Salarpuria
Arena, |
||
|
Established Date |
02.09.1997 |
SIC Code |
-- |
|
Telephone# |
91-80-25633555 / 23374785 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-80-25633222 / 51108014 |
Business Style 2 |
Trader |
|
Homepage |
Product Name 1 |
Computing and Imaging Solutions |
|
|
# of employees |
700
(Approximately) |
Product Name 2 |
Technology Products |
|
Paid up capital |
Rs.1,984,533,330/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings -100.00% |
Banking |
HDFC Bank |
|
Public Limited Corp. |
No |
Business Period |
16 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (53) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding
Company |
Mauritius |
Compaq Computer |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
51,398,000,000 |
Current Liabilities |
33,102,000,000 |
|
Inventories |
6,980,000,000 |
Long-term Liabilities |
0,000 |
|
Fixed Assets |
821,000,000 |
Other Liabilities |
20,333,000,000 |
|
Deferred Assets |
732,000,000 |
Total Liabilities |
53,435,000,000 |
|
Invest& other Assets |
343,000,000 |
Retained Earnings |
4,854,000,000 |
|
|
|
Net Worth |
6,839,000,000 |
|
Total Assets |
60,274,000,000 |
Total Liab. & Equity |
60,274,000,000 |
|
Total Assets (Previous Year) |
60,228,017,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
87,293,000,000 |
Net Profit |
2,900,000,000 |
|
Sales(Previous yr) |
81,982,932,000 |
Net Profit(Prev.yr) |
1,567,187,000 |
MIRA INFORM REPORT
|
Report Date : |
08.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
HEWLETT PACKARD INDIA SALES PRIVATE LIMITED (w.e.f. 18.03.2003) |
|
|
|
|
Formerly Known
As : |
COMPAQ COMPUTER ( |
|
|
|
|
Registered
Office : |
24 Salarpuria Arena, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
02.09.1997 |
|
|
|
|
Com. Reg. No.: |
08-022727 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1984.533 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200KA1997PTC022727 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRH2830C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACC9862F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject engaged in the Manufacturing, Trading and Sale of Computing and Imaging Solutions, Other Technology Products and Providing Value Added Services for Business and Home. |
|
|
|
|
No. of Employees
: |
700 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 27000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of Compaq Computer, Mauritius. It is a well
established and a reputed company having a good track record. Financial position
of the company appears to be sound. It operates on its own fund. Trade
relations are reported as trustworthy. Business is active. Payments are
reported to be regular and as per commitments. 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 |
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 / Corporate
Office: |
24 Salarpuria Arena, |
|
Tel. No.: |
91-80-25633555 / 23374785 |
|
Fax No.: |
91-80-25633222 / 51108014 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
Ahmedabad 501, 5th Floor, Satkar Complex,
Bangalore HP GR 10th & 11th floor, B wing, Akash Block, 6-9 floor, B
wing, Akash Block, Hewlett-Packard
GlobalSoft Limited Global e-Business
Operations Private Limited Hewlett-Packard
India Sales Private Limited No. 66/2, Ward No. 83, Bagmane Tech-Park, 4th Floor, Wing
A, Survey No. 192, III Floor, Khanija Bhavan, 49, Surya Wave,Sy # 61(p), Electronic City, Prathik Tech Park, Survey No 93/1, Veerasandra village, Attibele Hobli, Anekal Taluk, Electronic City Extension Bangalore - 560 100, Karnataka, India Chennai Hewlett-Packard India Sales Private Limited No.2, HP Towers,
Plot 1, Olympia Technology park, Citius block, SIDCO
industrial estate, Guindy, Block 1, 4F - 6F, Block 1, G - 3F, First Software Park, 110 Mount Poonamalle Road, Porur, Chennai - 600 116, Tamil Nadu, India Ground floor, Hewlett-Packard India Sales Pvt. Ltd. No.18, ilabs Centre, 4th Floor, D- Block, 5th Floor, C -
Block, 5th Floor, D - Block, Madhapur, Hyderabad - 500 081, Andhra
Pradesh, India Gurgaon 6th Floor, Tower-D, Global Business park, 2nd Floor, Tower A, Building No. 10, Rudrapur, U Hewlett-Packard India Sales Pvt Ltd. Plot No. 9-11A & 35-37A, Sector-V, Integrated
Industrial Estate, Pantnagar (SIDCUL), Rudrapur, US Nagar - 263 153. Kolkata No 08, Major Arteral Road, Block -AF New Town 1st Floor, Rajarhat, Kolkata- 700 156, West Bengal, India Mumbai 101-105, Pune Hewlett-Packard India Sales Private Limited Level 6, Pentagon P-2, |
DIRECTORS
As on 28.09.2012
|
Name : |
Mrs. Neelam
Dhawan |
|
Designation : |
Managing Director
|
|
Address : |
Door No. 100,
Sector – 26, Noida, |
|
Date of Birth/Age : |
22.10.1959 |
|
Date of Appointment : |
21.08.2008 |
|
DIN No.: |
00871445 |
|
|
|
|
Name : |
Mr. Rajiv Shrivastava |
|
Designation : |
Director |
|
Address : |
Flat No. 631, Ats Greens Villl Exdpress Way, Plot No. 1, Sector – 93, Noida
– 201304, |
|
Date of Birth/Age : |
03.10.1964 |
|
Date of Appointment : |
06.07.2011 |
|
DIN No.: |
03568897 |
|
|
|
|
Name : |
Mr. Narayan Vasudeo Prabhutendulkar |
|
Designation : |
Director |
|
Address : |
J/ 73. Diamond Di
Strict |
|
Date of Birth/Age : |
22.12.1957 |
|
Date of Appointment : |
11.05.2012 |
|
DIN No.: |
00869913 |
KEY EXECUTIVES
|
Name : |
Mr. Sriram Mohan |
|
Designation : |
Secretary |
|
Address : |
E/204, Westend Heights DLF, Phase V, Gurgaon – 122009, |
|
Date of Birth/Age : |
18.03.1983 |
|
Date of Appointment : |
28.04.2010 |
|
Pan No. : |
AQMPM7478A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Compaq Computers
(Mauritius), Mauritius |
|
198453322 |
|
Hewlett-Packard
Gouda B.V., The Netherlands |
|
11 |
|
Total |
|
198453333 |
As on 28.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject engaged in the Manufacturing, Trading and Sale of
Computing and Imaging Solutions, Other Technology Products and Providing
Value Added Services for Business and Home. |
||||
|
|
|
||||
|
Products : |
· Computer Systems · Processors ·
Hardware ·
Software ·
Monitors ·
Storage ·
Servers ·
Software
|
GENERAL INFORMATION
|
No. of Employees : |
700 (Approximately) |
|
|
|
|
Bankers : |
HDFC Bank, |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
SR Batliboi and Associates Chartered Accountants |
|
Address : |
12th and 13th Floor, “US City” |
|
PAN.: |
AABFS3421N |
|
|
|
|
Holding Company : |
|
|
|
|
|
Ultimate Holding Company : |
Hewlett Packard Company, |
|
|
|
|
Fellow
Subsidiaries: |
|
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000000 |
Equity Shares |
Rs.10/- each |
Rs.2000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
198453333 |
Equity Shares |
Rs.10/- each |
Rs.1984.533
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1985.000 |
1984.533 |
1984.533 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
4854.000 |
18041.733 |
16590.253 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
6839.000 |
20026.266 |
18574.786 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
7.726 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
7.726 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
6839.000 |
20026.266 |
18582.512 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
821.000 |
1033.333 |
1105.578 |
|
|
Capital work-in-progress |
343.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
732.000 |
219.000 |
360.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
6980.000
|
16835.930
|
14474.841 |
|
|
Sundry Debtors |
16401.000
|
14990.051
|
14315.178 |
|
|
Cash & Bank Balances |
18173.000
|
18086.902
|
21659.421 |
|
|
Other Current Assets |
8104.000
|
679.898
|
474.567 |
|
|
Loans & Advances |
8720.000
|
8382.903
|
3535.930 |
|
Total
Current Assets |
58378.000
|
58975.684
|
54459.937 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
17797.000
|
19772.536
|
14335.944 |
|
|
Other Current Liabilities |
15305.000
|
16253.461
|
17156.317 |
|
|
Provisions |
20333.000
|
4175.754
|
5850.742 |
|
Total
Current Liabilities |
53435.000
|
40201.751
|
37343.003 |
|
|
Net Current Assets |
4943.000
|
18773.933
|
17116.934 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
6839.000 |
20026.266 |
18582.512 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
87293.000 |
81982.932 |
76890.173 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
NA |
NA |
NA |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
3279.000 |
NA |
11137.206 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
379.000 |
NA |
400.221 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
2900.000 |
2678.715 |
10736.985 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1805.000 |
1111.528 |
3774.039 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1095.000 |
1567.187 |
6962.946 |
|
|
|
|
|
|
|
|
|
|
TOTAL EARNINGS |
2178.000 |
2243.495 |
1813.626 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.52 |
7.90 |
35.09 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.32
|
3.27
|
13.96 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.90
|
4.46
|
193.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.42
|
0.13
|
0.58 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00
|
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.09
|
1.47
|
1.46 |
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 |
Yes |
|
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 |
Yes |
|
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 |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
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 |
No |
NOTE:
Registered office of the company has been shifted from
FINANCIAL REVIEW
The year saw a growth of 6.48% in total revenue at Rs.87293.000 Millions as against Rs.81983.000 Millions of the previous year. The net profit of the company during the period has registered a fall of over 30.12% compared to that of the previous years.
CONTINGENT
LIABILITIES NOT PROVIDED FOR:
(a) Guarantees given by the Company – Rs.5792.000 Millions (2011: Rs. 3776.000 Millions).
(b) Claims against the Company not acknowledged as debts * - Rs.26008.000 Millions (2011: Rs.18154.000 Millions)
* Claims against the Company not acknowledged as debts comprise of:
Rs. In Millions
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
Service tax1 |
2172.000 |
1606.000 |
|
Customs Act2 |
23437.000 |
16220.000 |
|
Excise Dusty |
16.000 |
0.000 |
|
VAT |
320.000 |
274.000 |
|
Sales tax |
54.000 |
54.000 |
1 Represents service tax demand/liability with respect to certain services rendered to group companies.
2 The Company was served show-cause notices by the Directorate of Revenue Intelligence in the months of April, May and June, 2010 alleging differential customs duty liability aggregating to Rs.16220.000 Millions along with interest and penalty thereon, in respect of transactions relating to import of spares, products, logistic charges etc. Following the show cause notices, Commissioner of Customs have passed orders on various dates confirming the demand against the Company for an amount of Rs.9625.000 Millions along with penalty of Rs.10551.000 Millions and interest thereon. In addition to Rs.342.500 Millions and Rs.450.000 Millions deposited on September 29, 2008 and December 19, 2008 respectively, the Company has deposited an additional amount of Rs.172.500 Millions in the month of May 2012 towards customs duty. The Company has filed appeals before the Appellate Authorities on various dates against the order passed by Commissioners of Customs, which are pending hearing before the Appellate Authorities. The Company has made provision of Rs.2631.000 Millions in its books. Based on the advice of its external legal counsel, the Company does not expect liability on account of the above proceedings to exceed the provisions made in its books.
The Company is also involved in other lawsuits and claims, which arise in the ordinary course of business. However, there are no such matters pending that the Company expects to be material in relation to its business.
FIXED ASSETS:
- Free hold Land
- Plant and Machinery
- Office Equipments
- Computer Equipments
- Furniture and Fixtures
- Motor Vehicles
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.54.88 |
|
|
1 |
Rs.83.54 |
|
Euro |
1 |
Rs.70.90 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
53 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.