Business
information report
1. Summary Information
|
|
|
Country |
India |
|
Company Name |
HCL SERVICES
LIMITED |
Principal Name 1 |
Mr. Sandeep Kanwar
|
|
Status |
Moderate |
Principal Name 2 |
Mr. Vivek Srinivas
Punekar |
|
|
|
Registration # |
55-242938 |
|
Street Address |
806, Siddharth, 96 Nehru Place, New Delhi-110019 |
||
|
Established Date |
28.09.2012 |
SIC Code |
-- |
|
Telephone# |
91-120-2526518 |
Business Style 1 |
Service Provider |
|
Fax # |
91-120-2550923 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Break-fix services |
|
|
# of employees |
Not Available |
Product Name 2 |
Cloud services |
|
Paid up capital |
Rs. 500,000/- |
Product Name 3 |
After-sales support services |
|
Shareholders |
Bodies Corporate – 100% |
Banking |
Not Available |
|
Public Limited Corp. |
No |
Business Period |
2 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ca (11) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding
Company |
India
|
HCL
Infosystems Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
30.06.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
499,000 |
Current Liabilities |
76,000 |
|
Inventories |
0,000 |
Long-term Liabilities |
0,000 |
|
Fixed Assets |
0,000 |
Other Liabilities |
0,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
76,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
(77,000) |
|
|
|
Net Worth |
423,000 |
|
Total Assets |
499,000 |
Total Liab. &
Equity |
499,000 |
|
Total Assets (Previous Year) |
-- |
|
|
|
P/L Statement as of |
30.06.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
0,000 |
Net Profit |
(77,000) |
|
Sales(Previous yr) |
-- |
Net Profit(Prev.yr) |
-- |
MIRA
INFORM REPORT
|
Report Date : |
01.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
HCL SERVICES LIMITED (w.e.f. 31.10.2013) |
|
|
|
|
Formerly Known
As : |
HCL CARE LIMITED |
|
|
|
|
Registered Office
: |
806, Siddharth, 96 Nehru Place, New
Delhi-110019 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
30.06.2013 |
|
|
|
|
Date of
Incorporation : |
28.09.2012 |
|
|
|
|
Com. Reg. No.: |
55-242938 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U93000DL2012PLC242938 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELH09038B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCH0303D |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is carry on the Services business comprising mainly of IT
infrastructure managed services, break-fix services, cloud services, after-sales
support services, enterprise application services. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (11) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively new company having moderate track record. The management of the company has denied to disclose any information
to us. As per available financial record of 2013, the company has not undertaken
any business activities and it has incurred huge pre operating expenses. As per the registrar of companies business appears to be active.
Payment terms are unknown. The company can be considered for business dealing on safe and secured
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a quarter
of a century. The data was below an official estimate of 4.9 % annual growth
and compared with 4.5 % in the last fiscal year. However, the current account
deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product,
in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A sharp fall in gold imports due to restrictions on
overseas purchases and muted import of capital goods helped shrink the current
account deficit.
Online retailer Flipkart
has acquired fashion portal Myntra as it prepares to
battle with the rapidly expanding India arm of the global e-commerce giant
Amazon. The company raised $ 210 million from Russian Investment firm DST
Global which has also invested in companies like Facebook,
Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune
in the second half of 2014. GM was one of the few global carmakers that was
using its India plant only for the domestic market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward Brown. Google’s brand value shot up 40 % in a year
to $ 158.84 billion. The top 10 of the 100 slots were dominated by US
companies.
Infosys lost another heavy weight when B G Srinivas,
a board member put in his papers. He is the third CEO-hopeful to quit after
Chairman N R Narayana Murthy’s return to the company
– Ashok Vemuri and V Balakrishnan being the other two.While
Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted biggest
quarterly loss – Rs 2153.37 crore
– in the three months ended March 31, mainly because it has been offering
discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala
Police had arrested Pinckney and two company directors on charges of financial
irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies.
China’s action which targets consultancies like McKinsey & Co. and the
Boston Consulting Group, sterns from fears that the first are providing trade
secrets to the US governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy AstraZeneca for nearly $ 118 billion after the latter
refused an offer of 55 pounds a share.
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 DENIED BY
Management non co-operative (91-120-2526518)
LOCATIONS
|
Registered Office : |
806, Siddharth, 96 Nehru Place, New
Delhi-110019, India |
|
Tel. No.: |
91-120-2526518 / 19, 2520977 |
|
Fax No.: |
91-120-2550923 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Sandeep Kanwar
|
|
Designation : |
Director |
|
Address : |
N-18C, Saket, New Delhi-110017, India |
|
Date of Birth/Age : |
21.01.1961 |
|
Date of Appointment : |
28.09.2012 |
|
DIN No.: |
00005464 |
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 |
U74899DL2000PLC103599 |
HCL INFINET
LIMITED(AMAL) |
Director |
03/02/2000 |
03/02/2000 |
- |
Amalgamated |
NO |
|
2 |
U74899DL1975PLC007904 |
TIKONA INFINET
LIMITED |
Director |
25/09/2007 |
17/05/2007 |
10/11/2011 |
Active |
NO |
|
3 |
U72900DL2008PLC175605 |
DIGILIFE
DISTRIBUTION AND MARKETING SERVICES LIMITED |
Managing
director |
09/06/2011 |
19/03/2008 |
16/12/2013 |
Active |
NO |
|
4 |
U72200DL2008PLC185896 |
HCL INFOCOM
LIMITED |
Director |
17/12/2008 |
17/12/2008 |
- |
Amalgamated |
NO |
|
5 |
U74900DL2009PLC188379 |
NOKIA HCL MOBILE
INTERNET SERVICES LIMITED |
Director |
10/09/2010 |
18/06/2009 |
- |
Active |
NO |
|
6 |
U72200DL2005PTC132743 |
RMA SOFTWARE
PARK PRIVATE LIMITED |
Director |
29/09/2010 |
13/11/2009 |
- |
Active |
NO |
|
7 |
U72900DL2012PLC238730 |
HCL COMPUTING
PRODUCTS LIMITED |
Director |
12/07/2012 |
12/07/2012 |
- |
Active |
NO |
|
8 |
U80900DL2012PLC242907 |
HCL LEARNING
LIMITED |
Director |
28/09/2012 |
28/09/2012 |
16/12/2013 |
Active |
NO |
|
9 |
U72200DL2012PLC242944 |
HCL INFOTECH
LIMITED |
Director |
28/09/2012 |
28/09/2012 |
- |
Active |
NO |
|
10 |
U93000DL2012PLC242938 |
HCL SERVICES
LIMITED |
Director |
28/09/2012 |
28/09/2012 |
- |
Active |
NO |
|
Name : |
Mr. Rothin Bhattacharyya |
|
Designation : |
Director |
|
Address : |
D-168, Sushant Lok-I,
Gurgaon-122002, Haryana, India |
|
Date of Birth/Age : |
27.08.1962 |
|
Date of Appointment : |
28.09.2012 |
|
Date of Cessation : |
16.12.2013 |
|
DIN No.: |
01934922 |
|
|
|
|
Name : |
Mr. Vivek Srinivas
Punekar |
|
Designation : |
Director |
|
Address : |
Flat 23, HCL Towers, B9.16, Sector 62, Noida-201301, Uttar Pradesh,
India |
|
Date of Birth/Age : |
02.01.1964 |
|
Date of Appointment : |
25.07.2013 |
|
DIN No.: |
06640722 |
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 |
U93000DL2012PLC242938 |
HCL SERVICES
LIMITED |
Director |
30/09/2013 |
25/07/2013 |
- |
Active |
NO |
|
2 |
U80900DL2012PLC242907 |
HCL LEARNING
LIMITED |
Director |
30/09/2013 |
25/07/2013 |
16/12/2013 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Name
of Shareholders |
No.
of Shares |
%age |
|
HCL Infocom Limited, India |
49,994 |
99.99 |
|
Harshavardhan Madhav Chitale (Nominee of HCL Infocom Limited) |
1 |
0.00 |
|
Sandeep Kanwar (Nominee of HCL Infocom
Limited) |
1 |
0.00 |
|
Mukesh
Jain (Nominee of HCL Infocom Limited) |
1 |
0.00 |
|
Kul Bhushan Rattan (Nominee of HCL Infocom
Limited) |
1 |
0.00 |
|
Alok Sahu (Nominee of HCL Infocom
Limited) |
1 |
0.00 |
|
Kapil Kapur (Nominee of HCL Infocom
Limited) |
1 |
0.00 |
|
TOTAL |
50,000 |
100.00 |
AS ON 30.09.2013
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is carry on the Services business comprising mainly of IT
infrastructure managed services, break-fix services, cloud services,
after-sales support services, enterprise application services. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S D Chopra and Associates Chartered Accountant |
|
Address : |
512-B, Hemkunt Tower 98, Nehru Place, New
Delhi-110019, India |
|
PAN No.: |
AADPC9794L |
|
|
|
|
Holding Company : |
HCL Infosystems Limited (Holding Company of
HCL Infocom Limited) |
CAPITAL STRUCTURE
AS ON 30.06.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
|
30.06.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
0.500 |
|
(b) Reserves & Surplus |
|
|
(0.077) |
|
(c) Money received against
share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
0.423 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
0.000 |
|
(b) Deferred tax liabilities
(Net) |
|
|
0.000 |
|
(c) Other long term
liabilities |
|
|
0.000 |
|
(d) long-term provisions |
|
|
0.000 |
|
Total
Non-current Liabilities (3) |
|
|
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
0.000 |
|
(b) Trade payables |
|
|
0.076 |
|
(c) Other current liabilities |
|
|
0.000 |
|
(d) Short-term provisions |
|
|
0.000 |
|
Total
Current Liabilities (4) |
|
|
0.076 |
|
|
|
|
|
|
TOTAL |
|
|
0.499 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
|
0.000 |
|
(ii) Intangible Assets |
|
|
0.000 |
|
(iii) Capital work-in-progress |
|
|
0.000 |
|
(iv) Intangible assets under
development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.000 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and
Advances |
|
|
0.000 |
|
(e) Other Non-current assets |
|
|
0.000 |
|
Total
Non-Current Assets |
|
|
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
0.000 |
|
(c) Trade receivables |
|
|
0.000 |
|
(d) Cash and cash equivalents |
|
|
0.499 |
|
(e) Short-term loans and
advances |
|
|
0.000 |
|
(f) Other current assets |
|
|
0.000 |
|
Total
Current Assets |
|
|
0.499 |
|
|
|
|
|
|
TOTAL |
|
|
0.499 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
30.06.2013 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
0.000 |
|
|
Other Income |
|
|
0.000 |
|
|
TOTAL
|
|
|
0.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Other expenses |
|
|
0.077 |
|
|
TOTAL |
|
|
0.077 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
|
(0.077) |
|
|
|
|
|
|
|
Less |
TAX |
|
|
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
|
(0.077) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
|
|
(2.04) |
KEY RATIOS
|
PARTICULARS |
|
|
|
30.06.2013 |
|
|
PAT / Total Income |
(%) |
|
|
0.00 |
|
|
|
|
|
|
|
|
|
Net Profit Margin |
(%) |
|
|
0.00 |
|
|
|
|
|
|
|
|
|
Return on Total Assets |
(%) |
|
|
(15.43) |
|
|
|
|
|
|
|
|
|
Return on Investment (ROI) |
|
|
|
(0.18) |
|
|
|
|
|
|
|
|
|
Debt Equity Ratio |
|
|
|
0.00 |
|
|
|
|
|
|
|
|
|
Current Ratiov |
|
|
|
6.57 |
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
30.06.2013 |
|
|
(INR
in Mlns.) |
|
Share Capital |
0.500 |
|
Reserves & Surplus |
(0.077) |
|
Net
worth |
0.423 |
|
|
|
|
long-term borrowings |
0.000 |
|
Short term borrowings |
0.000 |
|
Total
borrowings |
0.000 |
|
Debt/Equity
ratio |
0.000 |
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
one years |
Yes |
|
12] |
Profitability for last
one 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 |
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 |
BACKGROUND
Subject,
subsidiary of HCL Infocom Limited, was incorporated
on September 28, 2012 to carry on the Services business comprising mainly of IT
infrastructure managed services, break-fix services, cloud services,
after-sales support services, enterprise application services either in India
or outside India.
BUSINESS OUTLOOK
The Board of
Directors had at its meeting held on 14th January, 2013, approved a business
restructuring plan consisting of a Composite Scheme of Arrangement (the Scheme)
under the provisions of Section 391 and 394 of the Companies Act, 1956. The
Scheme inter-alia envisages transfer of the Services
business (the Transferred Undertaking) of HCL Infosystems
Limited to the Company. 1st January, 2013 has been fixed as the Appointed Date.
The Scheme is
subject to requisite sanction of the Hon'ble High
Court of Judicature at Delhi and other regulatory authorities. HCL Infosystems Limited continues to carry on business and
activities in relation to the Transferred Undertaking on account of and in
trust for the Companies until all the requisite approval and formalities are
completed.
INDEX OF CHARGES -
No Charges Exist for Company
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. 60.09 |
|
|
1 |
Rs. 102.32 |
|
Euro |
1 |
Rs. 82.00 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
-- |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
-- |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
-- |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
11 |
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.