|
Report Date : |
28.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
SYNTEL LIMITED |
|
|
|
|
Formerly Known
As : |
SYNTEL ( SYNTEL SOFTWARE PRIVATE LIMITED |
|
|
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Registered
Office : |
Unit No. 112, SDF IV, Seepz, Andheri (East), Mumbai – 400096, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
12.05.1992 |
|
|
|
|
Com. Reg. No.: |
11-66730 |
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|
Capital Investment
/ Paid-up Capital : |
Rs. 5.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200MH1992PLC066730 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS15682C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS8305D |
|
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|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Providing Information Technology Services. |
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|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (68) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 78260000 |
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|
|
|
Status : |
Good |
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|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “Syntel Inc, Financial position of the company appears to be sound. Liquidity
position is good. Promoters and Directors are reported as reputed, well experienced and
respectable businessmen. Trade relations are fair. Business is active. Payments terms are
regular and as per commitments. The company can be considered good for normal business dealings at
usual trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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.
INFORMATION PARTED BY
|
Name : |
Mr. Rajendra |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-40470150 |
|
Date : |
24.05.2013 |
LOCATIONS
|
Registered Office : |
Unit No. 112, SDF IV, Seepz, Andheri (East), Mumbai – 400096, |
|
Tel. No.: |
91-22-40470150 |
|
Fax No.: |
91-22-40470408 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on : 28.09.2012
|
Name : |
Mr. Arvind Shivram Godbole |
|
Designation : |
Whole Time Director |
|
Address : |
3/38, Jai Hanuman Society, |
|
Date of Birth/Age : |
02.05.1957 |
|
Date of Appointment : |
22.09.2008 |
|
DIN No. : |
02363384 |
|
|
|
|
Name : |
Mr. Prashant Narayan Ranade |
|
Designation : |
Whole Time Director |
|
Address : |
|
|
Date of Birth/Age : |
14.11.1952 |
|
Date of Appointment : |
19.03.2010 |
|
DIN No. : |
02968552 |
|
|
|
|
Name : |
Mr. Daniel Michael Moore |
|
Designation : |
Director |
|
Address : |
1974 |
|
Date of Birth/Age : |
12.06.1954 |
|
Date of Appointment : |
20.07.2009 |
|
DIN No. : |
00063127 |
|
|
|
KEY EXECUTIVES
|
Name : |
Mr. Kalpesh Harilal Solanki |
|
Designation : |
Company Secretary |
|
Address : |
401, Sharad Rajani CHS Ashok Chakravati Road, Ashok Nagar, Kandivali –East,
Mumbai-400101, Maharashtra, India |
|
Date of Birth/Age : |
25.07.1976 |
|
PAN No : |
BHRPS2874M |
|
Date of Appointment : |
07.03.2012 |
|
|
|
|
Name : |
Mr. Yatin Sarojkumar Kamat |
|
Designation : |
Manager |
|
Address : |
401, Visava Saraswat, Bank Staff Chs Near Dra Meshwate Temple,
Saraswati Baug, Jogeshwari East, Mumbai-400060, Maharashtra, India |
|
Date of Birth/Age : |
16.05.1976 |
|
Date of Appointment : |
17.06.2011 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on : 28.09.2012
|
Names of Shareholders |
No. of Shares |
|
Syntel Inc |
499974 |
|
Syntel ( |
20 |
|
Sudhir Jhunjhunwala |
1 |
|
Anil Agarwal |
1 |
|
Arvind Godbole |
1 |
|
Rakesh Khanna |
1 |
|
Rajesh Save |
1 |
|
Makarand Sawant |
1 |
|
Total |
500000 |
Equity
Share Break up (Percentage of Total Equity)
As on : 28.09.2012
|
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 : |
Providing Information Technology Services. |
|
|
|
|
Terms : |
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Selling : |
Credit |
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|
|
|
Purchasing : |
Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
Not Divulged |
|||||||||
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|||||||||
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Facilities : |
(Rs.
in Millions)
|
|
|
|
|
Auditors : |
|
|
Name : |
B S R and Company Chartered Accountant |
|
Address : |
KPMG House, Kamal Mills Compound, 448, Senapati Bapat Marg, Mumbai –
400013, |
|
Tel. No.: |
91-22-39696000 |
|
Mobile No.: |
91-22-36936000 |
|
PAN No.: |
AAIFB7357B |
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|
|
|
Holding Company : |
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|
|
|
Fellow Subsidiaries : |
CIN NO : U72900MH2004PTC144460
CIN NO : U30007PN2004PTC129818
CIN NO :
U72900PN2010FTC137168 |
|
|
|
|
Associates : |
CIN NO :
U72200MH2004PTC144362 |
CAPITAL STRUCTURE
As on : 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs. 10/- each |
Rs. 5.000 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 |
5.000 |
5.000 |
5.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
19562.000 |
15115.400 |
12058.314 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
19567.000 |
15120.400 |
12063.314 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
33.700 |
45.400 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
33.700 |
45.400 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
19600.700 |
15165.800 |
12063.314 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
899.700 |
961.800 |
593.061 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
1.584 |
|
|
|
|
|
|
|
|
INVESTMENT |
4256.600 |
3701.300 |
3565.357 |
|
|
DEFERRED TAX ASSETS |
301.600 |
166.400 |
85.502 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
7056.700
|
4628.500 |
2783.544 |
|
|
Cash & Bank Balances |
8222.100
|
5960.700 |
5298.917 |
|
|
Other Current Assets |
986.000
|
762.900 |
389.729 |
|
|
Loans & Advances |
1890.200
|
1783.200 |
1102.609 |
|
Total
Current Assets |
18155.000
|
13135.300 |
9574.799 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
2039.700
|
1229.100 |
817.656 |
|
|
Other Current Liabilities |
1129.400
|
964.700 |
181.521 |
|
|
Provisions |
843.100
|
605.200 |
757.812 |
|
Total
Current Liabilities |
4012.200
|
2799.000 |
1756.989 |
|
|
Net Current Assets |
14142.800
|
10336.300 |
7817.810 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
19600.700 |
15165.800 |
12063.314 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
19513.700 |
15081.100 |
11068.943 |
|
|
|
Other Income |
1139.700 |
547.200 |
(159.243) |
|
|
|
TOTAL |
20653.400 |
15628.300 |
10909.700 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees Benefits Expenses |
7424.200 |
5942.200 |
3679.276 |
|
|
|
Other Expenses |
7277.200 |
5654.200 |
3489.041 |
|
|
|
TOTAL |
14701.400 |
11596.400 |
7168.317 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
5952.000 |
4031.900 |
3741.383 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
5952.000 |
4031.900 |
3741.383 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
399.100 |
344.300 |
395.831 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
5552.900 |
3687.600 |
3345.552 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1257.700 |
630.800 |
586.355 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
4295.200 |
3056.800 |
2759.197 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
128.642 |
104.424 |
8048.869 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
429.000 |
305.000 |
276.000 |
|
|
|
Transfer to SEZ reinvestment allowance
reserve |
240.000 |
330.000 |
- |
|
|
|
Investment allowance reserve account |
0.000 |
0.000 |
90.000 |
|
|
BALANCE CARRIED
TO THE B/S |
16490.400 |
12864.200 |
10442.066 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
19493.790 |
15069.000 |
11060.227 |
|
|
|
Interest on Deposits |
0.000 |
0.000 |
13.781 |
|
|
TOTAL EARNINGS |
19493.790 |
15069.000 |
11074.008 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
115.070 |
. 100.350 |
97.429 |
|
|
TOTAL IMPORTS |
115.070 |
100.350 |
97.429 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8590.40 |
6113.60 |
5518.39 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
20.80
|
19.56 |
25.29 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
28.46
|
24.45 |
30.22 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
29.14
|
26.16 |
32.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28
|
0.24 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.52
|
4.69 |
5.45 |
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
------------------- |
|
22] |
Litigations that the firm
/ promoter involved in |
------------------ |
|
23] |
Banking Details |
No |
|
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 |
OPERATIONS AND
PROSPECTS:
The Revenue from operations during the year amounted to Rs. 19513.700 Millions,
as compared to Rs. 15081.100 Millions in the previous year. The profit after
tax was Rs 4295.200 Millions as against Rs. 3056.800 Millions in the previous
year, marking an increase of over 40.51%.Barring unforeseen situations, the
Directors are confident of the Company performing to satisfactory levels in the
current year, and is investing in infrastructure for the services to keep up to
the pace of growth.
DETAILS OF
CREDITORS :
Rs
in Millions
|
Particulars |
As
on 31.03.2012 |
As
on 31.03.2011 |
As
on 31.03.2010 |
|
Creditors Due Others |
2039.700
|
1229.100 |
817.656 |
|
Total |
2039.700 |
1229.100 |
817.656 |
PRESS RELEASE :
March 9, 2013
Syntel beefs up staff, capex for rebid deals
DNA
Nasdaq-listed software firm Syntel is preparing for the
multi-million dollar rebid opportunity and large discretionary projects with
aggressive hiring and high capex investment.
Nasdaq-listed software firm Syntel is preparing for the
multi-million dollar rebid opportunity and large discretionary projects with
aggressive hiring and high capex investment. While Syntel’s founder and
chairman Bharat Desai has made it to Forbes list of richest Indians this year,
Syntel’s president and CEO Prashant Ranade tells Beryl Menezes about what the
company does differently to achieve this distinction.
April 4,
2013
Syntel to continue focus on North
America & Europe
Nasdaq listed Syntel
plans to continue to focus on North America as well as Europe for its future
growth, despite the two regions grappling economic and financial crisis over
the past few years. It exudes confidence that it will continue to outgrow the
industry in the coming years too, as it had done in the past.
The US-headquartered company is set to further expand its Indian presence.
Besides commencing work on the Phase II of its IT SEZ near Chennai, it also
plans to start construction work at the 100-acre IT Park near Thirunelveli in
southern Tamil Nadu, as part of its focus on Tier II cities.
Of the around $724 million revenue for Syntel in 2012, over 90 per cent of it
came from North America, with another 7 per cent from
February 4,
2013
Syntel: Enhance
Patient Engagement With Device Connectivity to Patient Portals
The need to have
accurate patient health information for clinical decision-making can hardly be
over-emphasized. This is most evident when a patient is away from a healthcare
facility and hence tracking and aggregating data of his vitals, lab tests and
other physiological parameters becomes a challenge. While this has now been
simplified with the use of a variety of home monitoring devices, it's the
integration of these devices with applications that are accessible to both the
patient and the providers that still present a problem.
This is where the use of
patient portals play an important role. Not only do patient portals serve as
patient engagement tools, they also help providers comply with critical
meaningful use criteria such as providing a means for patients to access their
health information online, or to provide a means for patients to send secure
messages to their care providers electronically.
April 24,
2013
Syntel Expands
Presence in
TROY, Mich., April 24,
2013 – Syntel, Inc. (Nasdaq: SYNT), a global information technology services
and Knowledge Process Outsourcing (KPO) firm, today broke ground on a new
Global Development Campus (GDC) in Tirunelveli, a city in the South Indian
state of Tamil Nadu.
Syntel's Tirunelveli campus represents a significant expansion of the Company's
facilities in
The first phase of the Tirunelveli campus will create 250,000 square feet of
work space with capacity for more than 2,500 employees. It will include a
software development block with a dedicated security block, dining facilities
and a welcome center.
The new facility is being constructed in multiple phases on a 100-acre plot of
land in a tax-free Special Economic Zone (SEZ) and is scheduled to be completed
within two years.
Designed to comply with LEED Gold standards, the Tirunelveli campus will
incorporate sustainable elements including an optimal use of natural light as
well as an on-premises wind and solar farm for generating renewable energy. The
facilities have also been designed to enable Syntel staff to create an optimal
work/life balance. Employee-friendly features include multi-level terraces,
internal courts with green spaces, a central courtyard and dedicated areas for
an amphitheater, sports fields, and a yoga and meditation center.
"We are extremely excited to begin construction on the new Tirunelveli campus,
which has been designed with both our clients and employees in mind," said
Prashant Ranade, Syntel CEO and President. "The campus is highly scalable
and will give us additional flexibility to meet the growing demand for globally
delivered IT services."
"We are also grateful for the support of the Government of Tamil Nadu and
NASSCOM, both of which have been indispensible during the planning
process," said Ranade.
U.S.-owned and operated Syntel has made significant investments in its
infrastructure over the past several years, expanding its capacity in order to
stay ahead of client demands. In addition to the new development in
Tirunelveli, Syntel has also expanded its campuses in Pune and Chennai.
About Syntel
Syntel (Nasdaq:SYNT) is a leading global provider of integrated information
technology and Knowledge Process Outsourcing (KPO) solutions spanning the
entire lifecycle of business and information systems and processes. The Company
is driven by its mission to create new opportunities for clients by harnessing
the passion, talent and innovation of Syntel employees worldwide. Syntel
leverages dedicated Centers of Excellence, a flexible Global Delivery Model,
and a strong track record of building collaborative client partnerships to
create sustainable business advantage for Global 2000 organizations. Syntel is
assessed at SEI CMMi Level 5, and is ISO 27001 and ISO 9001:2008 certified. As
of March 31, 2013, Syntel employed more than 22,000 people worldwide. To learn
more, visit us at: www.syntelinc.com.
This news release includes forward-looking statements, including those with
respect to the future level of business for Syntel, Inc. These statements are
necessarily subject to risk and uncertainty. Actual results could differ materially
from those projected in these forward-looking statements as a result of certain
risk factors set forth in the Company's Annual Report on Form 10-K for the year
ended December 31, 2012 or from other factors not currently anticipated.
FIXED ASSETS:
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. 55.62 |
|
|
1 |
Rs. 84.18 |
|
Euro |
1 |
Rs. 71.96 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
|
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
9 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
9 |
|
--RESERVES |
1~10 |
9 |
|
--CREDIT LINES |
1~10 |
9 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
68 |
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.