MIRA INFORM REPORT

 

 

Report Date :

23.12.2014

 

IDENTIFICATION DETAILS

 

Name :

ALCATEL-LUCENT MANAGED SOLUTIONS INDIA PRIVATE LIMITED

 

 

Registered Office :

4th Floor, Prime Corporate Park, Sahar Road, Andheri (East), Mumbai – 400 099, Maharashtra

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

27.05.2008

 

 

Com. Reg. No.:

11-182748

 

 

Capital Investment / Paid-up Capital :

Rs.0.149 million

 

 

CIN No.:

[Company Identification No.]

U64203MH2008PTC182748

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAHCA1341C

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject provide services of operation, management and maintenance of telecommunication networks to telecommunication operators.

 

 

No. of Employees :

Information declined by the Management.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (47)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having satisfactory track.

 

Management has failed to file latest financials of FY14, with the statutory authorities.

 

However, as per available, trade relations seem to be fair. Business is active. Payments are reported as usually correct.

 

In view of strong percentage, the company can be considered 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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

EXTERNAL AGENCY RATING

 

NOT AVAILABLE

 

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 DECLINED

 

Management non-cooperative

 

(Tel. No.: 91-22-66798700/ 91-124-4159999)

 

LOCATIONS

 

Registered Office :

4th Floor, Prime Corporate Park, Sahar Road, Andheri (East), Mumbai – 400 099, Maharashtra

Tel. No. :

91-22-66798700

Fax No. :

Not Available

E-Mail :

vinit.kumar1@alcatel-lucent.com

 

 

DIRECTORS

 

AS ON 27.09.2013

 

Name :

Mr. Salil Gupta

Designation :

Director

Address :

S-178, Windsor Court, DLF-IV, Gurgaon – 122 009, Haryana, India

Date of Birth/Age :

17.04.1964

Date of Appointment :

26.09.2012

DIN No. :

01756556

E-Mail :

salil.gupta@alcatel-lucent.com

Other Directorship :

 

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U74300MH2006PTC163157

LAST MINUTE MEDIA PRIVATE LIMITED

Director

16-05-2007

16-05-2007

19-05-2008

Active

NO

2

U72200DL1992PLC047870

ALCATEL-LUCENT INDIA LIMITED

Whole-time director

14-01-2013

11-11-2010

-

Active

NO

3

U64200HR2009PLC039237

TELESONIC NETWORKS LIMITED

Director

29-10-2012

11-07-2012

05-02-2013

Active

NO

4

U64203MH2008PTC182748

ALCATEL-LUCENT MANAGED SOLUTIONS INDIA PRIVATE LIMITED

Director

26-09-2012

11-07-2012

-

Active

NO

5

U74899DL2005PTC142561

C-DOT ALCATEL-LUCENT RESEARCH CENTRE PRIVATE LIMITED

Director appointed in casual vacancy

27-09-2012

27-09-2012

-

Active

NO

6

U74140KA2003PTC032647

NETDEVICES INDIA PRIVATE LIMITED

Director

30-09-2013

01-03-2013

-

Active

NO

7

U64100HR2012FTC046510

ALLNET FIELD SERVICES INDIA PRIVATE LIMITED

Additional director

13-05-2013

13-05-2013

-

Strike off

NO

8

U72200KA2005FTC036943

MOTIVE COMMUNICATIONS INDIA PRIVATE LIMITED

Director

30-09-2013

06-09-2013

-

Active

NO

9

U64100HR2014PTC052720

ALCATEL-LUCENT ENTERPRISE INDIA PRIVATE LIMITED

Director

11-07-2014

11-07-2014

-

Active

NO

 

 

Name :

Mr. Munish Seth

Designation :

Director

Address :

D-2-2530, Vasant Kunj, New Delhi – 110 070, India

Date of Birth/Age :

24.05.1969

Date of Appointment :

14.09.2011

Date of Ceasing :

08.04.2014

DIN No. :

02720293

Other Directorship :

 

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U64200HR2009PLC039237

TELESONIC NETWORKS LIMITED

Director

30-07-2010

29-07-2009

05-02-2013

Active

NO

2

U72200DL1992PLC047870

ALCATEL-LUCENT INDIA LIMITED

Managing director

03-09-2010

03-09-2010

08-04-2014

Active

NO

3

U74899DL2005PTC142561

C-DOT ALCATEL-LUCENT RESEARCH CENTRE PRIVATE LIMITED

Additional director

10-09-2010

10-09-2010

08-04-2014

Active

NO

4

U64203MH2008PTC182748

ALCATEL-LUCENT MANAGED SOLUTIONS INDIA PRIVATE LIMITED

Director

14-09-2011

16-09-2010

08-04-2014

Active

NO

5

U72400HR2011FTC044426

GENESYS TELECOM LABS INDIA PRIVATE LIMITED

Director

29-11-2011

29-11-2011

20-12-2011

Active

NO

6

U64100HR2012FTC046510

ALLNET FIELD SERVICES INDIA PRIVATE LIMITED

Director

17-07-2012

17-07-2012

-

Strike off

NO

 

 

Name :

Mr. Tinnanur Gughanandam Sekar

Designation :

Director

Address :

201, Adibaba, 16th Road, Near Rajesh Khanna Garden, Santacruz (West), Mumbai – 400 054, Maharashtra, India

Date of Birth/Age :

08.05.1966

Date of Appointment :

26.09.2012

Date of Ceasing :

13.08.2014

DIN No. :

03627837

Other Directorship :

 

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U64203MH2008PTC182748

ALCATEL-LUCENT MANAGED SOLUTIONS INDIA PRIVATE LIMITED

Director

26-09-2012

26-09-2011

13-08-2014

Active

NO

2

U64200HR2009PLC039237

TELESONIC NETWORKS LIMITED

Director

29-10-2012

15-12-2011

05-02-2013

Active

NO

3

U72400HR2011FTC044426

GENESYS TELECOM LABS INDIA PRIVATE LIMITED

Additional director

19-12-2011

19-12-2011

31-01-2012

Active

NO

4

U74899DL2005PTC142561

C-DOT ALCATEL-LUCENT RESEARCH CENTRE PRIVATE LIMITED

Additional director

24-03-2014

24-03-2014

13-08-2014

Active

NO

 

 

Note:

Other Directors details not available.

 

KEY EXECUTIVES

 

Name :

Mr. Vinit Kumar

Designation :

Company Secretary

Address :

186, SF, Block C2C, Pocket 2, Janakpuri, New Delhi – 110 058, India

Date of Birth/Age :

16.07.1977

Date of Appointment :

15.03.2011

PAN No.:

ALZPK4194R

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 27.09.2013

 

Names of Shareholders

 

 

No. of Shares

Alcatel-Lucent India Limited, India

 

14925

Rohit Kaushik

 

1

Total

 

14926

 

AS ON 27.09.2013

 

Equity Share Break up (Percentage of Total Equity)

 

Category

Percentage of Holding

Bodies corporate

100.00

 

 

 

 

BUSINESS DETAILS

 

Line of Business :

Subject provide services of operation, management and maintenance of telecommunication networks to telecommunication operators.

 

 

Products/ Services :

Item Code No. (ITC Code)

 

Product/ Services Description

99842211

Managed Network Services

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

 

PRODUCTION STATUS – NOT APPLICABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

No. of Employees :

Information declined by the Management.

 

 

Bankers :

Banker Name

Not Divulged

Branch Address

Not Divulged

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

Banking Relations :

--

 

 

Auditors :

 

Name :

S.R. Batliboi and Associates LLP

Chartered Accountants

Address :

14th Floor, The Ruby, 29, Senapati Bapat Marg, Dadar (West), Mumbai – 400 028, Maharashtra, India

PAN No.:

AABFS3421N

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Holding Company :

Alcatel-Lucent India Limited, India

 

 

Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :

  • Reliance Telecom Limited
  • Reliance Communications Limited
  • Reliance Communication Infrastructure Limited
  • Reliance Infratel Limited
  • Reliance Tech Services Private Limited
  • Reliance Infocomm Engineering

 

 

Fellow Subsidiary Companies :

  • Alcatel-Lucent International, France
  • Alcatel-Lucent Network Management, India
  • Alcatel-Lucent New Zealand Limited, New Zealand
  • Alcatel-Lucent USA Inc., United States
  • Alu Philippines Prof Service, Philippines
  • Alu Romania Prof Service, Romania
  • Alu Taiwan Prof Service, Taiwan, Province of China

 

 

CAPITAL STRUCTURE

 

AS ON 27.09.2013

 

Authorised Capital :

No. of Shares

Type

Value

Amount

9000000

Equity Shares

Rs.10/- each

Rs.90.000 millions

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

14926

Equity Shares

Rs.10/- each

Rs.0.149 million

 

 

 

 

 


 

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

0.149

0.149

0.149

(b) Reserves & Surplus

1084.495

661.488

517.902

(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)

1084.644

661.637

518.051

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

0.000

0.000

0.000

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

0.000

184.163

152.513

(d) Long-term provisions

46.189

35.230

52.723

Total Non-current Liabilities (3)

46.189

219.393

205.236

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

267.027

298.103

262.622

(c) Other current liabilities

576.570

854.352

1026.795

(d) Short-term provisions

211.304

208.415

37.099

Total Current Liabilities (4)

1054.901

1360.870

1326.516

 

 

 

 

TOTAL

2185.734

2241.900

2049.803

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

34.634

88.289

134.766

(ii) Intangible Assets

17.976

0.000

0.000

(iii) Capital work-in-progress

0.000

0.000

0.000

(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)

178.936

70.420

31.371

(d)  Long-term Loan and Advances

240.122

191.057

0.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

471.668

349.766

166.137

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

822.895

1748.575

1364.665

(d) Cash and cash equivalents

508.522

53.140

122.123

(e) Short-term loans and advances

35.932

71.903

302.823

(f) Other current assets

346.717

18.516

94.055

Total Current Assets

1714.066

1892.134

1883.666

 

 

 

 

TOTAL

2185.734

2241.900

2049.803

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

 

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Managed Services Revenue

3365.901

3262.419

2634.323

 

 

Other Income

15.458

8.272

2.164

 

 

TOTAL                                    

3381.359

3270.691

2636.487

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Office Expenses

2845.460

2954.160

2324.500

 

 

Administrative Expenses

 

 

 

 

 

Advertising Expenses

 

 

 

 

 

TOTAL                                    

2845.460

2954.160

2324.500

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

535.899

316.531

311.987

 

 

 

 

 

Less

TAX                                                                 

112.893

172.944

110.336

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

423.006

143.587

201.651

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

17.611

Nil

Nil

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

28340.21

9619.92

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2013

31.03.2012

31.03.2011

Net Profit Margin

(PAT/Sales)

(%)

12.57

4.40

7.65

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

26.70

14.58

15.46

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.49

0.48

0.60

 

 

 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 

0.00

0.00

0.00

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.62

1.39

1.42

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

 

DEBT EQUITY RATIO

 

Particular

31.03.2011

31.03.2012

31.03.2013

 

(INR in Mlns.)

(INR in Mlns.)

(INR in Mlns.)

Share Capital

0.149

0.149

0.149

Reserves & Surplus

517.902

661.488

1084.495

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

518.051

661.637

1084.644

 

 

 

 

Long Term borrowings

0.000

0.000

0.000

Short Term borrowings

0.000

0.000

0.000

Total borrowings

0.000

0.000

0.000

Debt/Equity ratio

0.000

0.000

0.000

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2011

31.03.2012

31.03.2013

 

(INR in Mlns)

(INR in Mlns)

(INR in Mlns)

Managed Services Revenue

2,634.323

3,262.419

3,365.901

 

 

23.843

3.172

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2011

31.03.2012

31.03.2013

 

(INR in Mlns)

(INR in Mlns)

(INR in Mlns)

Managed Services Revenue

2,634.323

3,262.419

3,365.901

Profit

201.651

143.587

423.006

 

7.65%

4.40%

12.57%

 

 

 

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

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

No

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

No

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

 

BACKGROUND

 

The Company was incorporated on May 27, 2008 under Companies Act, 1956. The Company was established as a joint venture company to offer managed network services pursuant to the joint venture agreement (JV agreement) entered between Alcatel-Lucent India Limited (ALIL) and Reliance Communication Infrastructure Limited (RCIL) dated May 7, 2008. The Company commenced operations on July 1, 2008. Pursuant to this JV agreement, ALIL and RCIL held 67 per cent and 33 per cent, respectively of the share capital of the Company and participated in the debt funding of the Company in the same ratio.

 

ALIL had entered into separate managed services agreement with Reliance Communication Limited (RCOM) and Reliance Telecom Limited (RTL) on May 9, 2008 respectively, which were been assigned to the Company effective from July 1, 2008 for the period of 66 months. During the year, on January 3, 2013, ALIL acquired the balance 33 percent equity shares from RCIL, thereby making its wholly owned subsidiary; consequently the JV agreement got terminated. Post the termination of JV agreement, the outstanding loan along with interest accrued has been repaid by the Company to ALIL and RCIL. The Company on December 31, 2012 entered into new managed service agreement with Reliance Infratel Limited and its affiliates effective from April 1, 2013 for the period of five years.

 

INDEX OF CHARGES

 

No Charges Exist for Company.

 

FIXED ASSETS:

 

Tangible Assets

·         Plant and Equipment

·         Office Equipment

·         Computer Equipment

Intangible Assets

·         Computer Software


 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

 

2]         Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

 

3]         Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

 

4]         Record on Financial Crime :

            Charges or conviction registered against subject:                                                                       None

 

5]         Records on Violation of Anti-Corruption Laws :

            Charges or investigation registered against subject:                                                        None

 

6]         Records on Int’l Anti-Money Laundering Laws/Standards :

            Charges or investigation registered against subject:                                                        None

 

7]         Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

 

8]         Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

 

9]         Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

 

10]        Press Report :  No press reports / filings exists on the subject.

 

CORPORATE GOVERNANCE

 

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

 

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

 

CONTRAVENTION

 

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.63.18

UK Pound

1

Rs.98.85

Euro

1

Rs.77.42      

 

 

INFORMATION DETAILS

 

Information Gathered by :

NYA

 

 

Analysis Done by :

SUB

 

 

Report Prepared by :

SMN

 


 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

-- PROFITABILITY

1~10

5

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

6

--RESERVES

1~10

6

--CREDIT LINES

1~10

5

--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

 

47

 

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

 

--

 

 

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.