MIRA
INFORM REPORT
|
Report Date : |
02.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
GE GLOBAL SERVICING PRIVATE LIMITED (w.e.f. 22.11.2010) |
|
|
|
|
Formerly Known
As : |
RCF EXPORT SERVICES PRIVATE LIMITED |
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Registered
Office : |
Block-1A, Plot No.18, i-Labs Technology Center, Hi-Tech City, Madhapur, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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|
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Date of
Incorporation : |
06.05.2008 |
|
|
|
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Com. Reg. No.: |
01-088404 |
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Capital
Investment / Paid-up Capital : |
Rs.407.289 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200TG2008PTC088404 |
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|
|
PAN No.: [Permanent Account No.] |
AADCR9682D |
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Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Subject
is engaged in the business of carrying out Information Technology enabled
services. |
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|
No. of Employees
: |
Information declined by the management |
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 6500000 |
|
|
|
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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|
Comments : |
Subject is a part of “GE Group”. It is a well-established company
having fine track. The company possesses a sound financial profile marked by healthy
network base, low gearing and comfortable capital structure along with strong
debt protection metrics as a result of satisfactory pool of liquid assets in
the form of cash balance owing to fair debtor realization policies which
further supports the liquidity position. Management has witnessed a decent revenue as well as net profitability
with sufficient margins during FY 13. Trade relations are trustworthy. Business is active. Payment terms are
reported as regular and as per commitments. In view of benefits the management derives from its strong
relationship with the parent, 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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
N E W S
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift.
It highlights how as against 51 % in 2005, the emerging economies now account
for close to 56 % of the global purchasing power GDP as per the latest survey.
And with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund manager
Jim Chanos has been keenly following the political and economic development in
the dragon economy and has figured out something that is quite worrying. He is
of the view that the Chinese economy could be heading toward trouble on account
of new Chinese President Xi Jingping’s very aggressive anti-corruption drive.
Chanos believes tat many things such as apartment sales, luxury products, etc.
were largely bought with dirty money. And it is now beginning to impact
consumption. This may indeed be bad news for an economy that is struggling to
transition from an investment-driven export-oriented economy to a domestic
consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets
including equities, gold, fixed deposits, G-Secs and real estate since 1991.
Real estate outperformed every other asset classes during the 23-year period
with an annualized return of 20 % ! Equities came in second with annualized
return of 15.5 % ! However, while these returns may seem mouthwatering, the
fact is that the return from equities adjusted for inflation came down to just
7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
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
31-03-2014.
INFORMATION DENIED
Management Non Co-operative (91-40-40275715)
LOCATIONS
|
Registered Office : |
Block-1A, Plot No.18, i-Labs Technology Center, Hi-Tech City, Madhapur, Hyderabad – 500081,
Telangana, India |
|
Tel. No.: |
91-40-40275715 |
|
Fax No.: |
Not Available |
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E-Mail : |
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|
Website : |
DIRECTORS
AS ON 20.09.2013
|
Name : |
Mr. Chintan Chawla |
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|
Designation : |
Director |
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|
Address : |
Flat No.501, Gautami Emerald, Plot No.55, Gautami Enclave, Near Chirec
Republic School, Kondapur, Hyderabad – 500084, Telangana, India |
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|
Date of Birth/Age : |
11.10.1973 |
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|
Date of Appointment : |
20.06.2014 |
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DIN No.: |
02199602 |
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Other Directorship:
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|
||||||||||||||||||
|
Name : |
Mr. Mirfaisal Khanali |
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|
Designation : |
Director |
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|
Address : |
Roctk Castle Regenc Residency, 8-2-412/8, Road No.6, Banjara Hills,
Hyderabad – 500034, Telangana , India |
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|
Date of Birth/Age : |
14.06.1973 |
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|
Date of Appointment : |
20.06.2014 |
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DIN No.: |
03543273 |
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Other Directorship:
|
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||||||||||||||||||
|
Name : |
Mr. Kenneth Wojcik John |
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|
Designation : |
Director |
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|
Address : |
1140 Laurel Green Drivene, North Canton, OH, United States 447209814 |
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Date of Birth/Age : |
14.03.1958 |
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|
Date of Appointment : |
20.07.2012 |
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DIN No.: |
05268528 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Ramesh Kambhampati |
|
Designation : |
Secretary |
|
Address : |
Flat No.306, VLN Towers, Plot No.1, Sri Balaj Swarnapuri Colony,
Motinagar, Hyderabad – 500073, Telangana, India |
|
Date of Birth/Age : |
21.06.1967 |
|
Date of Appointment : |
25.03.2009 |
|
PAN No.: |
ADFPK5146D |
MAJOR SHAREHOLDERS
AS ON 20.09.2013
|
Names of Shareholders |
No. of Shares |
|
GE Pacific (Mauritius) Limited, Mauritius |
81457696 |
|
GE Pacific Pte Limited, Singapore |
26 |
|
Total |
81457722 |
Equity Share Break up (Percentage of Total Equity)
AS ON 20.09.2013
|
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 |
BUSINESS DETAILS
|
Line of Business : |
Subject
is engaged in the business of carrying out Information Technology enabled
services. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
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Bankers : |
Not Divulged |
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Facilities : |
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Banking Relations
: |
-- |
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Auditors : |
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|
Name : |
B S R R and Company Chartered Accountants |
|
Address : |
Reliance Humsafar, IV Floor, Road No.11, Banjary Hills, Hyderabad –
500034, Telangana, India |
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PAN No.: |
AAKFB1884H |
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|
Ultimate Holding
company : |
·
General Electric Company Inc., USA, United States |
|
|
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|
Holding company
: |
·
GE Pacific (Mauritius) Limited, Mauritius |
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|
|
|
Fellow
Subsidiary company : |
·
GE Money Financial Services Private Limited,
India ·
Maruti Countrywide Auto Financial Services
Private Limited, India ·
GE India Business Services Private Limited, India ·
GE India Industrial Private Limited, India ·
GE Capital Corporation, USA ·
GE Capital Financial Services (Private Company
with ultd. Liab.) ·
General Electric International, Inc., USA ·
GE India Exports Private Limited, India ·
GE Money Servicing PH Inc., Philippines |
CAPITAL STRUCTURE
AS ON 20.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
160000000 |
Equity Shares |
Rs.5/- each |
Rs.800.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
81457722 |
Equity Shares |
Rs.5/- each |
Rs.407.289 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
407.289 |
407.289 |
|
(b) Reserves & Surplus |
|
1227.304 |
993.411 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
1634.593 |
1400.700 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
13.549 |
28.838 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
38.485 |
29.684 |
|
Total Non-current Liabilities (3) |
|
52.034 |
58.522 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
95.492 |
82.527 |
|
(c) Other current
liabilities |
|
158.829 |
123.060 |
|
(d) Short-term provisions |
|
12.994 |
11.489 |
|
Total Current Liabilities (4) |
|
267.315 |
217.076 |
|
|
|
|
|
|
TOTAL |
|
1953.942 |
1676.298 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
71.263 |
69.570 |
|
(ii) Intangible Assets |
|
9.793 |
12.411 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
135.801 |
121.314 |
|
(d) Long-term Loan and Advances |
|
71.657 |
108.607 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
288.514 |
311.902 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
0.000 |
0.000 |
|
(c) Trade receivables |
|
0.000 |
0.000 |
|
(d) Cash and cash
equivalents |
|
1617.856 |
1314.488 |
|
(e) Short-term loans and
advances |
|
36.376 |
37.755 |
|
(f) Other current assets |
|
11.196 |
12.153 |
|
Total Current Assets |
|
1665.428 |
1364.396 |
|
|
|
|
|
|
TOTAL |
|
1953.942 |
1676.298 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
448.994 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
910.238 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1359.232 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
14.279 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
14.279 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1373.511 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
43.260 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
131.895 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
12.000 |
|
|
Cash & Bank Balances |
|
|
336.909 |
|
|
Other Current Assets |
|
|
25.436 |
|
|
Loans & Advances |
|
|
1170.542 |
|
Total
Current Assets |
|
|
1544.887 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
277.959 |
|
|
Provisions |
|
|
68.572 |
|
Total
Current Liabilities |
|
|
346.531 |
|
|
Net Current Assets |
|
|
1198.356 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1373.511 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
NA |
NA |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
379.840 |
369.080 |
365.930 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
46.650 |
39.010 |
46.810 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
333.190 |
330.070 |
319.120 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
99.300 |
106.980 |
1.810 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
233.890 |
223.090 |
317.310 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.87 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
18.33 |
21.23 |
20.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.24 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.01 |
0.02 |
0.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.23 |
6.29 |
4.46 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2012 |
31.03.2013 |
|
|
|
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
|
407.289 |
407.289 |
|
Reserves & Surplus |
|
993.411 |
1227.304 |
|
|
|
0.000 |
0.000 |
|
Net
worth |
|
1400.700 |
1634.593 |
|
|
|
|
|
|
long-term borrowings |
|
28.838 |
13.549 |
|
Short term borrowings |
|
0.000 |
0.000 |
|
Total
borrowings |
|
28.838 |
13.549 |
|
Debt/Equity
ratio |
|
0.021 |
0.008 |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
No |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
NOTE:
Registered office address of the company has been shifted from 42/1 and
45/1 Electronic City, Phase II, Bangalore – 560100, Karnataka, India to the
present address w.e.f. 28.02.2013
COMPANY OVERVIEW:
Subject
was incorporated on 6 May 2008 as a private limited company. The Company is
engaged in the business of carrying out Information Technology enabled
services.
In
December 2007, General Electric Inc. (GE) made an announcement through a press
release for exploration of strategic alternatives for the Retail Consumer
Finance (RCF) business. The announcement emanated from General Electric Inc.’s
global strategy to ensure continued success and investment growth for the
overall business and this process will allow GE to determine the best path for
RCF to achieve the kind of scale it needs to remain competitive and continue
its growth and development.
For
the purpose of giving effect to the above initiative, the Board of Directors of
the GE India Exports Private Limited (GEIEPL / transferor) approved a Scheme of
demerger of one of its division - GE Money Servicing division, which is a part
of RCF business globally (“the Scheme”).
Pursuant
to the Scheme, all the assets and liabilities of the GE Money Servicing division
as of 25 September 2008 were transferred to RCF Export Services Private
Limited, after obtaining the necessary approval of the Scheme by the Honorable
High Court of Karnataka. The assets included all movable and immovable property
and liabilities include all debts, liabilities, contingent liabilities, duties
and obligations, secured or unsecured.
Further,
the name of the company was changed from RCF Export Services Private Limited to
GE Global Servicing Private Limited on 22 November 2010.
NO CHARGES EXIST FOR COMPANY.
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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 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.60.85 |
|
|
1 |
Rs.102.69 |
|
Euro |
1 |
Rs.81.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--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 |
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 |
|
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.