1. Summary Information
|
|
|
Country |
|
|
Company Name |
STATE BANK OF |
Principal Name 1 |
Mrs. Arundhati Bhattacharya |
|
Status |
Excellent |
Principal Name 2 |
Mr. M Bhagavantha Rao |
|
|
|
Registration # |
-- |
|
Street Address |
Ground Floor,
Gunnfoundry, Hyderabad-500177, Andhra Pradesh |
||
|
Established Date |
08.08.1941 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Banking
Business |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
-- |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.207,500,000/-
|
Product Name 3 |
-- |
|
Shareholders |
Not Available |
Banking |
Reserve Bank of |
|
Public Limited Corp. |
No |
Business Period |
72 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Aa (76) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates
|
India
|
State bank of India and its associates |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Cash
& Balances with Reserve Bank of |
63,759,687,000 |
Capital |
207,500,000 |
|
Balances
with Banks and money at Call & Short Notice |
14,196,022,000 |
Reserves
& Surplus |
76,109,204,000 |
|
Investments |
339,679,785,000 |
Deposits |
1,133,242,580,000 |
|
Advances |
898,565,141,000 |
Borrowings |
54,484,213,000 |
|
Fixed
Assets |
4,724,673,000 |
Other
Liabilities and Provisions |
96,737,117,000 |
|
Other
Assets |
39,855,306,000 |
|
|
|
Total Assets |
1,360,780,614,000 |
Total Liab. & Equity |
1,360,780,614,000 |
|
Total Assets (Previous Year) |
118,3154,466,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
124,477,983,000 |
Net Profit |
12,502,190,000 |
|
Sales(Previous yr) |
106,466,674,000 |
Net Profit(Prev.yr) |
12,982,668,000 |
|
Report Date : |
03.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
STATE BANK OF HYDERABAD |
|
|
|
|
Formerly Known
As : |
HYDERABAD STATE BANK |
|
|
|
|
Registered
Office : |
Ground Floor,
Gunnfoundry, Hyderabad-500177, Andhra Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
08.08.1941 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.207.500
Millions |
|
|
|
|
Legal Form : |
Subject is a
subsidiary (although said as an associate) of State Bank of Both are
legally independent banks. Shares of
State Bank of |
|
|
|
|
Line of Business
: |
Subject is
engaged in banking business. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (76) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 300000000 |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a subsidiary of “State Bank of India”. It is a
well-established and a reputed bank having an excellent track record. The financial position of the bank is excellent. It receives strong
financial, managerial and operational support from its parent SBI. Trade relations are reported as decent. Business is active. Payment
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.
ECGC Country Risk Classification List – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
Uptick in
agriculture and construction spread some cheer as the economy grew a higher-than-expected
4.8 % in the three months through September. Manufacturing rose an annual rate
per cent during the quarter and mining fell by 0.4 %, government data showed
while farm output rose 46%.
India has emerged as
the most attractive investment destination, thanks to a relaxation in foreign
direct investment norms, says a report. India is followed by Brazil and China
in the ranking part of EY’s Capital Confidence Barometer report based on a
survey across 70 nations. The US, France and Japan have emerged as the top
three investors likely to invest in India.
India has been
ranked 83rd globally in terms of talent competitiveness of its human
capital. Switzerland, Singapore, Denmark, Sweden and Luxembourg are the
top five in the list of 103 nations compiled by INSEAD business school.
Tax rates for
companies in India are among the highest in the world and the number of
payments is also more than the global average putting the country at low, 158th
rank on the Paying Taxes. 2014 list by the World Bank and PWC. However, the
time taken for tax payments is relatively less in India which is rated ahead of
China and Japan.
1 billion smartphone
shipments in 2013, a 39.3 % growth over 2012. This was being driven by low cost
computing in emerging markets. By 2017, total smartphone shipments are expected
to approach 1.7 billion units, resulting in a compound annual growth rate of
18.4 % between 2013 and 2017, according to research from IDC.
20 % vacancy rate of
office space in Mumbai and Delhi in the third quarter, the highest in Asia
after Chengdu, in China. According to Cushman and Wakefield, six Indian cities
are among the 10 office markets with the worst vacancies.
Foreign banks will
not have to pay stamp duty and capital gains tax, if they convert their branch
operations into a wholly owned subsidiary, according to the Reserve Bank of
India.
The Reserve Bank of
India is planning to launch CPI – indexed bonds aimed to protecting the savings
of retail investors from the impact the price rise by December end.
Central Bureau of
Investigation has booked State Bank of India, Deputy Managing Director Shyamal
Acharya and others in a graft case related to distribution of a loan of over Rs
4000 mn. Gold and jewellery worth Rs 6.7 mn have been recovered from the
residence of Acharya.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Lower Tier II Bonds: “AAA” |
|
Rating Explanation |
Highest degree of safety and carry lowest
credit risk. |
|
Date |
03.10.2013 |
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
Monument non-cooperative
Tel. No.: 91-8008572460
LOCATIONS
|
Registered Office : |
Ground Floor, Gunnfoundry,
Hyderabad-500177, Andhra Pradesh, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Regional Office : |
Located At: ·
Aurangabad ·
Gulbarga ·
Hyderabad ·
Mumbai ·
New Delhi ·
Secunderabad ·
Vizag ·
Warangal ·
Chennai ·
Tirupati |
|
|
|
|
Branch Office : |
Located at ·
Andhra Pradesh ·
Gujarat ·
Haryana ·
Karnataka ·
Madhya Pradesh ·
Maharashtra ·
Odisha ·
Tamilnadu ·
Uttar Pradesh ·
Kerala ·
Delhi ·
Haryana ·
Uttarakhanda ·
Punjab ·
Rajasthan ·
West Bengal |
DIRECTORS
As on: 31.03.2013
|
Name : |
Mrs. Arundhati Bhattacharya |
|
Designation : |
Chairperson |
|
|
|
|
Name : |
Mr. M Bhagavantha Rao |
|
Designation : |
Managing Director |
|
|
|
|
Name : |
Mr. S Vishvanathan |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Kaza Sudhakar |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. A K Dogra |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Rajeev Nandan Mehra |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. P C Jena |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Venkat Changavalli |
|
Designation : |
Director |
|
|
|
|
Name : |
Dr. Syed Mazher Hussain |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. M Harshavardhan |
|
Designation : |
Director |
|
|
|
|
Name : |
Mrs. N Laxmi Srinivas |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. Jyoti Ghosh |
|
Designation : |
Chief General Manager |
|
|
|
|
Name : |
Dr V Suresh Babu |
|
Designation : |
Chief General
Manager |
|
|
|
|
Name : |
Mr. M P Sridharan |
|
Designation : |
General Manager (HR
& General Admin) |
|
|
|
|
Name : |
Mr. S Venkataraman |
|
Designation : |
General Manager
(Priority Sector, Rural banking & FI) |
|
|
|
|
Name : |
Mr. Mukund Tripathi |
|
Designation : |
General Manager
West Zone |
|
|
|
|
Name : |
Mr. B K Shivaram |
|
Designation : |
General Manager
(Mid Corporate Group) |
|
|
|
|
Name : |
Mr. G D Rozario |
|
Designation : |
General Manager (IT & New Business) |
|
|
|
|
Name : |
Mrs. M Yashoda Bai |
|
Designation : |
General Manager & CVO |
|
|
|
|
Name : |
Mr. V Sivasri |
|
Designation : |
General Manager (Mid Corporate Group) |
|
|
|
|
Name : |
Mr. Sateesh Jha |
|
Designation : |
General Manager -Retail Network-North |
|
|
|
|
Name : |
Mr. M Venkatanarayana |
|
Designation : |
General Manager (Corp Banking) |
|
|
|
|
Name : |
Mr. G Rajendra Kumar |
|
Designation : |
General Manager – Stressed Assets Management |
|
|
|
|
Name : |
Mr. Karnail Singh Jawandha |
|
Designation : |
General Manager (Retail Network South Zone I) |
|
|
|
|
Name : |
Mr. K Murali |
|
Designation : |
General Manager-Risk Mgmt,Credit Policy & Proc. |
|
|
|
|
Name : |
Mr. Subbaraman K S |
|
Designation : |
General Manager (Treasury,CFO) |
|
|
|
|
Name : |
Mr. J Sitapathi Sarma |
|
Designation : |
General Manager – (Retail Network South Zone III) |
|
|
|
|
Name : |
Mr. Ganesh Pai |
|
Designation : |
General Manager (Comm Network Mumbai) |
|
|
|
|
Name : |
Mrs. L T Ambujakshi |
|
Designation : |
General Manager (Inspection & Audit) |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
NOT AVAILABLE
BUSINESS DETAILS
|
Line of Business : |
Subject is
engaged in banking business. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Reserve Bank of |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
·
Rao and Narayan Chartered Accountants ·
S. Mann and Company Chartered Accountants ·
Elias George and Company Chartered Accountants ·
Khanna and Annadhanam Chartered Accountants ·
Sharma and Goel Company Chartered Accountants ·
SRI Associates Chartered Accountants |
|
|
|
|
Associates: |
State Bank of |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.100/- each |
Rs.5000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2075000 |
Equity Shares |
Rs.100/- each |
Rs.207.500
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
CAPITAL AND LIABILITIES |
|
|
|
|
|
|
|
|
|
Capital |
207.500 |
207.500 |
207.500 |
|
Reserves
& Surplus |
76109.204 |
64769.239 |
52944.147 |
|
Deposits |
1133242.580 |
987319.116 |
886278.655 |
|
Borrowings |
54484.213 |
59784.023 |
52896.597 |
|
Other
Liabilities and Provisions |
96737.117 |
71074.588 |
74653.509 |
|
|
|
|
|
TOTAL
|
1360780.614 |
1183154.466 |
1066980.408 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
Cash
& Balances with Reserve Bank of |
63759.687 |
57373.430 |
80362.713 |
|
Balances
with Banks and money at Call & Short Notice |
14196.022 |
32708.485 |
23759.651 |
|
Investments |
339679.785 |
292417.987 |
284466.567 |
|
Advances |
898565.141 |
770523.112 |
647203.074 |
|
Fixed
Assets |
4724.673 |
4374.364 |
3980.003 |
|
Other
Assets |
39855.306 |
25757.088 |
27208.400 |
|
|
|
|
|
TOTAL
|
1360780.614 |
1183154.466 |
1066980.408 |
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I. INCOME |
|
|
|
|
Interest
earned |
124477.983 |
106466.674 |
78512.845 |
|
Other
Income |
9756.065 |
10243.089 |
9837.541 |
|
TOTAL |
134234.048 |
116709.763 |
88350.386 |
|
|
|
|
|
|
II. EXPENDITURE |
|
|
|
|
Interest expended |
85299.016 |
72821.779 |
50027.821 |
|
Operating Expenses |
21050.665 |
17358.110 |
15127.909 |
|
Provisions and Contingencies |
15382.177 |
13547.207 |
11532.305 |
|
TOTAL |
121731.858 |
103727.096 |
76688.035 |
|
|
|
|
|
|
III. PROFIT/ LOSS: |
|
|
|
|
Net
Profit for the year |
12502.190 |
12982.668 |
11662.351 |
|
Profit
brought forward |
0.004 |
0.003 |
0.006 |
|
TOTAL |
12502.194 |
12982.671 |
11662.357 |
|
|
|
|
|
|
Appropriation: |
|
|
|
|
Transfer to Statutory Reserve |
3753.151 |
3894.801 |
3498.706 |
|
Transfer to Other Reserves |
7314.329 |
7875.709 |
7318.426 |
|
Transfer to Capital Reserve |
185.996 |
54.581 |
122.289 |
|
Dividend (Includes Corporate Dividend Tax) |
1162.225 |
1157.576 |
1155.661 |
|
Investment Reserve Account |
86.488 |
0.000 |
(432.728) |
|
|
|
|
|
|
BALANCE CARRIED
OVER TO THE BALANCE SHEET |
0.005 |
0.004 |
0.003 |
|
|
|
|
|
|
Earnings Per Share (Rs.) |
6025.15 |
6256.71 |
5620.38 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
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 |
Yes |
|
23] |
Banking Details |
Yes |
|
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 |
No |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
No |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
No |
|
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 |
Yes |
CASE DETAILS
|
ITTA 255 / 2013 |
ITTASR 1889 / 2010 |
CASE IS:PENDING |
|
PETITIONER |
RESPONDENT |
|
COMMISSIONER OF INCOME TAX III |
VS STATE BANK OF HYDERABAD |
|
PET.ADV. : NARASIMHA SARMA |
RESP.ADV. : DWARAKANATH |
|
SUBJECT: U/Sec. 143 Assessment |
DISTRICT: HYDERABAD |
|
FILING DATE: 30-04-2010 |
POSTING STAGE : FOR ADMISSION & REPLY |
|
|
REG. DATE : 11-03-2013 |
LISTING DATE : 18-07-2013 |
|
|
HON'BLE JUDGE(S): |
HON'BLE THE CHIEF JUSTICE |
G.ROHINI |
CONTINGENT LIABILITIES:
|
Particulars |
31.03.2013 (Rs. in millions) |
31.03.2012 (Rs. in millions) |
|
Claims against the bank not acknowledged as Debts |
790.808 |
334.897 |
|
Liability for partly paid investments |
1.988 |
1.988 |
|
Liability on account of out-standing forward Exchange Contracts |
285911.832 |
205650.378 |
|
Guarantees given
on behalf of Constituents (Including Letters of Comfort) |
|
|
|
·
In India |
73065.102 |
62916.556 |
|
·
Outside India |
6124.059 |
4601.971 |
|
Acceptances, endorsements and other Obligations |
73126.935 |
87250.786 |
|
Other items for which the bank is contingently liable (net of
provisions) |
5613.291 |
4899.733 |
|
Total |
444634.015 |
365656.309 |
BANK’S PROFILE
State Bank of Hyderabad was constituted as Hyderabad State Bank on 08.08.1941 under Hyderabad State Bank Act, 1941. The Bank started with the unique distinction of being the central bank of the erstwhile State of Hyderabad, covering present-day Telangana region of Andhra Pradesh, Hyderabad – Karnataka of Karnataka state and Marathwada of Maharashtra state, to manage its currency – Osmania Sikka and public debt apart from the functions of commercial banking. The first branch of the bank was opened at Gunfoundry, Hyderabad on 5th April, 1942.
In 1953, the Bank took over the assets and liabilities of the Hyderabad Mercantile Bank Ltd. In the same year, the Bank started conducting Government and Treasury business as agent of Reserve Bank of India. In 1956, the Bank was taken over by Reserve Bank of India as its first subsidiary and its name was changed from Hyderabad State Bank to State Bank of Hyderabad. The Bank became a subsidiary of State Bank of India on the 1st October 1959 and is now the largest Associate Bank of State Bank of India.
All the branches of the Bank are totally networked under Core Banking Solutions, offering a vide range of products to it’s customers. All the customers of the Bank have access to the latest technologies like Internet Banking, ATMs etc. The Bank has pan India presence and operates through more than 1600 Bank branches.
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. 61.90 |
|
|
1 |
Rs. 102.74 |
|
Euro |
1 |
Rs. 85.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
9 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
9 |
|
--CREDIT LINES |
1~10 |
9 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
76 |
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.