MIRA
INFORM REPORT
|
Report Date : |
22.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
BARCLAYS TECHNOLOGY CENTRE INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
3rd Floor, Block C, Panchshil Tech Park, Opposite Pune Golf
Cource, Yerwada, Pune - 411006, Maharashtra |
|
|
|
|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
30.03.2007 |
|
|
|
|
Com. Reg. No.: |
11-132479 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 10.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200PN2007FTC132479 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEB06395E MUMB17195D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCB1173D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Development, Maintenance and Enhancement of Software for
New Technologies and Platforms and Up-Gradation, Modification of Existing
Software Applications and Systems. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (60) |
|
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 12000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is a subsidiary of ‘Barclays Mauritius Overseas Holdings
Limited’. It is a well-established and a reputed company having fine track
record. The company is performing well. The financial position of the company
appears to be sound and healthy. Directors are reported to be well experienced and knowledgeable
businessmen. Trade relations are reported as decent. Business is active. Payments
terms are regular and as per commitment. 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.
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International Finance
Corporation expects to come out with its rupee linked bonds issue before the
end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone 5c (Rs
41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been launched
in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
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 DECLINED
MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-22-67196000)
LOCATIONS
|
Registered Office : |
3rd Floor, Block C, Panchshil Tech Park, Opposite Pune Golf
Cource, Yerwada, Pune - 411006, Maharashtra, India |
|
Tel. No.: |
91-20-41002500 / 41002558 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
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|
|
|
Branch Office: |
3rd Floor, Block 1B, Plot No.28, Quadron Tech Park, Hinjewadi, Phase-2, Pune – 411057, Maharashtra, India |
|
Tel. No.: |
91-20-679524800 |
DIRECTORS
As on 04.09.2013
|
Name : |
Mr. Krishna Rajan |
|
Designation : |
Director |
|
Address : |
Flat No.503, Tower No.5 R2, Sector Amanora Park, Town Hadapsar, By Pass Road, Pune – 411014, Maharashtra, India |
|
Date of Birth/Age : |
13.03.1961 |
|
Qualification : |
B.Com, CISA |
|
Experience : |
30 Years |
|
Date of Appointment : |
16.09.2010 |
|
PAN No.: |
AAOPK7989C |
|
DIN No.: |
02978472 |
|
|
|
|
Name : |
Mr. Vinayak Reddy Chintapally |
|
Designation : |
Director |
|
Address : |
Plot No.:70, Apartment No.:204, Aditya Hilltop Residency, Banjara Hills, Hyderabad – 500034, Andhra Pradesh, India |
|
Date of Birth/Age : |
30.08.1965 |
|
Qualification : |
M.Sc. |
|
Experience : |
21 Years |
|
Date of Appointment : |
06.12.2011 |
|
PAN No.: |
AINPC6001C |
|
DIN No.: |
03176614 |
|
|
|
|
Name : |
Mr. Peter John Mccabe |
|
Designation : |
Director |
|
Address : |
B-21, Lundy Drive, Ellesmere Portch, 65, 9 JS, UK, Cheshire, CH65JS, United Kingdom |
|
Date of Birth/Age : |
04.01.1966 |
|
Date of Appointment : |
15.03.2012 |
|
DIN No.: |
05228221 |
|
|
|
|
Name : |
Abhaya Gupta |
|
Designation : |
Director |
|
Address : |
403, Aster Nyati, Meadows, Vadgaon Sheri, Pune – 411014, Maharashtra, India |
|
Date of Birth/Age : |
29.07.1966 |
|
Qualification : |
B.E. |
|
Experience : |
23 Years |
|
Date of Appointment : |
28.06.2013 |
|
DIN No.: |
02977772 |
KEY EXECUTIVES
|
Name : |
Mr. Jack Kuriyakku Thalakottur |
|
Designation : |
Secretary |
|
Address : |
Plot No. 8, Defence Po, Dighie Road Camp, Pune - 411015, Maharashtra,
India |
|
Date of Birth/Age : |
22.01.1971 |
|
Date of Appointment : |
29.01.2008 |
|
Pan No. : |
AAGPT1882K |
|
|
|
|
Name : |
Mr. Hemant Aggarwal |
|
Designation : |
Head of Delivery – Risk Technologies |
|
|
|
|
Name : |
Mr. Manoj Juriasinghani |
|
Designation : |
Head of Shared Services |
|
|
|
|
Name : |
Mr. Shiv Bhasin |
|
Designation : |
Vice President |
|
|
|
|
Name : |
Vidhya Subramanian |
|
Designation : |
Lead Technology Partner |
|
|
|
|
Name : |
Mr. Ravi Pichan |
|
Designation : |
Portfolio Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 04.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Barclays |
|
99999 |
|
Barclays Bank PLC, |
|
1 |
|
Total |
|
100000 |
As on 04.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
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 : |
Development, Maintenance and Enhancement of Software for New
Technologies and Platforms and Up-Gradation, Modification of Existing
Software Applications and Systems. |
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Products : |
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GENERAL INFORMATION
|
No. of Employees : |
Information declined by management |
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||||||||||||
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Bankers : |
Not Divulged |
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Facilities : |
Note: a) The loan is secured by way of hypothecation of Cars. b) The interest rates vary from 9.75% to 11%. The loan is
repayable in equal instalments over a period of 48 months from the date of
disbursement. |
|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse and Company Chartered Accountant |
|
Address : |
Mutha Towers, 5th Floor, Suite No. 08, Airport Road,
Yerwada, Pune - 411006, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AADFP9359C |
|
|
|
|
Holding Company : |
Barclays Mauritius Overseas Holdings Limited, Mauritius |
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|
|
|
Ultimate
Holding Company : |
Barclays Bank PLC, United Kingdom |
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|
|
|
Fellow Subsidiary
Company : |
Barclays Shared Services Private Limited CIN No.: U72900TN2007PTC072681 Barclays Capital Services Limited, Singapore Branch Barclays Technology Centre Limited, Singapore Branch Barclays Capital Asia Limited Barclays Capital Services Inc. Barclays Capital Services Limited Barclays Services Corporation |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/-
each |
Rs.10.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
10.000 |
10.000 |
10.000 |
|
(b) Reserves & Surplus |
3002.479 |
1911.528 |
1207.257 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
3012.479 |
1921.528 |
1217.257 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
13.958 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
6.092 |
0.000 |
1.774 |
|
(d) long-term provisions |
245.802 |
116.023 |
59.629 |
|
Total Non-current Liabilities (3) |
265.852 |
116.023 |
61.403 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
953.043 |
584.298 |
349.007 |
|
(c) Other current
liabilities |
485.774 |
269.524 |
194.437 |
|
(d) Short-term provisions |
165.187 |
35.638 |
22.350 |
|
Total Current Liabilities (4) |
1604.004 |
889.460 |
565.794 |
|
|
|
|
|
|
TOTAL |
4882.335 |
2927.011 |
1844.454 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1090.110 |
598.546 |
385.832 |
|
(ii) Intangible Assets |
17.375 |
3.624 |
4.800 |
|
(iii) Capital
work-in-progress |
0.000 |
5.518 |
73.013 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
58.511 |
51.902 |
42.911 |
|
(d) Long-term Loan and Advances |
135.349 |
89.300 |
122.802 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1301.345 |
748.890 |
629.358 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
1094.212 |
617.503 |
414.855 |
|
(d) Cash and cash
equivalents |
2098.138 |
1360.008 |
682.938 |
|
(e) Short-term loans and advances |
381.156 |
179.815 |
111.736 |
|
(f) Other current assets |
7.484 |
20.795 |
5.567 |
|
Total Current Assets |
3580.990 |
2178.121 |
1215.096 |
|
|
|
|
|
|
TOTAL |
4882.335 |
2927.011 |
1844.454 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
9530.900 |
5865.100 |
4333.300 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
1683.800 |
1062.600 |
798.500 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION /
AMORTISATION AND FINANCIAL EXPENSES |
328.000 |
193.100 |
205.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1355.800 |
869.500 |
593.200 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
264.900 |
165.200 |
55.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1090.900 |
704.300 |
537.300 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1911.500 |
1207.200 |
669.900 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
3002.400 |
1911.500 |
1207.200 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
9474.700 |
5807.500 |
4356.700 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
10909.00 |
7043.00 |
5373.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
14.23
|
14.82 |
13.69 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
28.11
|
30.30 |
34.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.45
|
0.45 |
0.49 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.23
|
2.45 |
2.15 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT
MATURITIES OF LONG TERM DEBTS
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
|
|
|
|
|
Current maturities of long-term debt |
3.994 |
0.000 |
NA |
|
|
|
|
|
|
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 |
No |
|
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 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
NOTE
The register office has been shifted from
801/808, Ceejay House, Shivsagar Estate, Dr. A Besant Road, Worli, Mumbai, Maharashtra,
India to present w.e.f. 10.07.2008.
GENERAL INFORMATION
The Company is an offshore technology centre in India which
aims to deliver technology solution to Barclays group worldwide. Subject is
primarily responsible for development, maintenance and enhancement of software
for new technologies and platforms and up-gradation, modification of existing
software applications and systems.
OPERATIONS AND
FUTURE PROSPECTS:
During the Financial Year 2012-13, Company obtained approval for expansion of its existing operations in existing Special Economic Zone (SEZ) unit. Further, the Company has also obtained approval for setup of new Special Economic Zone (SEZ) unit at Kharadi, Pune. The Company proposes to setup the new facility comprising of approximately 1000 seats in the next financial year. As a result, the Company expects to achieve substantial growth in Turnover and Net Profit during the next Financial Year.
The company has achieved a Turnover Rs. 9530.900 Millions and a Net Profit after tax of Rs. 1090.900 Millions.
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
Claims against the
Company but not acknowledged as debts |
|
|
|
IncomeTax Matters |
13.690 |
0.000 |
|
Service Tax |
0.851 |
0.000 |
FIXED ASSETS
v
Tangible
assets
Computers
Office
Equipment
Furniture
and Fixtures
Lease
Hold IMPROVEMENTS
Cars
v
Intangibles Assets
Software
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.62.89 |
|
|
1 |
Rs.101.14 |
|
Euro |
1 |
Rs.84.42 |
INFORMATION DETAILS
|
Information
Gathered by : |
NAY |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
60 |
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.