MIRA
INFORM REPORT
|
Report Date : |
19.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
HEWLETT PACKARD FINANCIAL SERVICES (INDIA) PRIVATE LIMITED (w.e.f.
04.04.2003) |
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|
|
Formerly Known
As : |
COMPAQ FINANCIAL SERVICES ( |
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|
Registered
Office : |
3rd Floor, Calcot House, 8/10, M. P. Shetty Marg, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
18.01.2001 |
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Com. Reg. No.: |
11-130514 |
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|
Capital Investment
/ Paid-up Capital : |
Rs.6188.439
Millions |
|
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|
|
CIN No.: [Company Identification
No.] |
U65910MH2001PTC130514 |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The company is engaged in the business of Financing IT Related
Products Which Include Software. |
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|
|
No. of Employees
: |
Information denied by management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 53943400 |
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|
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a satisfactory track record. There seems dip in the profit of the company during 2013. However,
general position of the company is good. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be usually correct and as per commitments. The company can be considered for business dealing at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED
Management non co-operative [91-80-33829000]
LOCATIONS
|
Registered Office : |
3rd Floor, Calcot House, 8/10, M. P. Shetty Marg, |
|
Tel. No.: |
91-22-22042310/ 66308000 |
|
Fax No.: |
91-22-22816192 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Irving Harold Rothman |
|
Designation : |
Director |
|
Address : |
15, |
|
Date of Birth/Age : |
08.12.1946 |
|
Date of Appointment : |
28.05.2001 |
|
Din No.: |
01910077 |
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|
|
|
Name : |
Mr. David Anthony Gill |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
21.04.1972 |
|
Date of Appointment : |
14.07.2006 |
|
Din No.: |
01885406 |
|
|
|
|
Name : |
Mr. Rajinder Vishwanath Vruddhula |
|
Designation : |
Director |
|
Address : |
9, Krishna Apartments, |
|
Date of Birth/Age : |
30.10.1973 |
|
Date of Appointment : |
28.10.2008 |
|
Din No.: |
02046121 |
|
|
|
|
Name : |
Brian James Slattery |
|
Designation : |
Director |
|
Address : |
16, Woodlawn, Dr. Chatham, New Jersey – 079281163, United States of
America |
|
Date of Birth/Age : |
30.07.1967 |
|
Date of Appointment : |
15.03.2013 |
|
Din No.: |
06524010 |
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|
|
|
Name : |
Alistair Sinclair White |
|
Designation : |
Director |
|
Address : |
1, Warne Fort Street, London – 71623, United Kingdom |
|
Date of Birth/Age : |
16.08.1966 |
|
Date of Appointment : |
25.06.2013 |
|
Din No.: |
06616466 |
KEY EXECUTIVES
|
Name : |
Ms. Hema Shivananda |
|
Designation : |
Secretary |
|
Address : |
House No. 8, Sadashivaiah Layout, Thindlu, Vidyaranyapura Post,
Bangalore-560097, Karnataka, India |
|
Date of Birth/Age : |
06.01.1988 |
|
Date of Appointment : |
12.12.2012 |
|
Pan No.: |
CJKPS6426D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
HPFS Venture Holdings Limited, Mauritius |
618060944 |
99.87 |
|
HPFS International Holdings IV. BV., Netherlands |
783000 |
0.13 |
|
|
|
|
|
TOTAL
|
618843944 |
100.00 |
%20PRIVATE%20LIMITED%20-%20267864%20_%20MIRA%2019-May-2014_files/image002.gif)
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of Financing IT Related
Products Which Include Software. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by management. |
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|
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|
Bankers : |
Not Available |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
S R Batliboi and Associates Chartered Accountants |
|
Address : |
12th Floor, Canbera Block, UB City, 24 Vittal Mallya Road, |
|
Tel. No.: |
91-80-40275000 |
|
Fax No.: |
91-80-22106000 |
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PAN No: |
AABFS3421N |
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|
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Holding Company : |
HPFS Venture Holdings Limited, Mauritius [HVHL] |
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|
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|
Ultimate Holding Company: |
Hewlett-Packard Company [HP Company] |
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|
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|
Fellow Subsidiaries : |
·
Hewlett-Packard India States Private Limited
[HPIS] ·
Mphasis Limited, [Mphasis] ·
Hewlett-Packard Singapore (Sales) Pte. Limited
[HP Singapore] ·
Hewlett-Packard Financial Services Australia Pty
Limited [HP Australia] |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
619653964 |
Equity Shares |
Rs.10/- each |
Rs.6196.540 Millions |
|
63609 |
Preferences Shares |
Rs.10/- each |
Rs.0.636 Million |
|
|
TOTAL
|
|
Rs.6197.176
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
618843944 |
Equity Shares |
Rs.10/- each
|
Rs.6188.439
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
6188.439 |
6188.439 |
6008.739 |
|
(b) Reserves &
Surplus |
7297.418 |
7226.375 |
5434.712 |
|
(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) |
13485.857 |
13414.814 |
11443.451 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
247.322 |
326.373 |
201.004 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
1408.130 |
1349.913 |
921.721 |
|
Total Non-current
Liabilities (3) |
1655.452 |
1676.286 |
1122.725 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
420.316 |
641.571 |
522.709 |
|
(c) Other current
liabilities |
669.994 |
73.362 |
1818.991 |
|
(d) Short-term provisions |
10.117 |
9.859 |
6.458 |
|
Total Current Liabilities
(4) |
1100.427 |
724.792 |
2348.158 |
|
|
|
|
|
|
TOTAL |
16241.736 |
15815.892 |
14914.334 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
0.000 |
0.000 |
277.952 |
|
(ii) Intangible Assets |
0.000 |
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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
8312.907 |
8952.462 |
8392.871 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
8312.907 |
8952.462 |
8670.823 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
939.326 |
1085.895 |
614.193 |
|
(d) Cash and cash
equivalents |
1673.988 |
792.323 |
1102.275 |
|
(e) Short-term loans and
advances |
5314.270 |
4985.212 |
4523.800 |
|
(f) Other current assets |
1.245 |
0.000 |
3.243 |
|
Total Current Assets |
7928.829 |
6863.430 |
6243.511 |
|
|
|
|
|
|
TOTAL |
16241.736 |
15815.892 |
14914.334 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Gross Income |
2681.649 |
1705.474 |
1650.637 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
INTEREST, DEPRECIATION AND TAXATION |
390.768 |
484.594 |
433.820 |
|
|
|
|
|
|
|
|
|
|
INTEREST |
-- |
-- |
1.099 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
-- |
0.862 |
48.574 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
6.991 |
483.732 |
269.602 |
|
|
|
|
|
|
|
|
|
|
PROVISION FOR
TAXATION |
(64.051) |
309.369 |
200.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
71.042 |
174.363 |
69.602 |
|
|
|
|
|
|
|
|
|
|
PROFIT
TRANSFER TO STATUTORY RESERVE |
14.208 |
34.872 |
13.920 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT CARRIED
FORWARD TO BALANCE SHEET |
56.834 |
139.491 |
55.682 |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
880.183 |
847.381 |
1613.107 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.11 |
0.28 |
0.12 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.04
|
3.05 |
1.81 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
0.04 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
7.21
|
9.47 |
2.65 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
6,008.739 |
6,188.439 |
6,188.439 |
|
Reserves & Surplus |
5,434.712 |
7,226.375 |
7,297.418 |
|
Net worth |
11,443.451 |
13,414.814 |
13,485.857 |
|
|
|
|
|
|
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 |
%20PRIVATE%20LIMITED%20-%20267864%20_%20MIRA%2019-May-2014_files/image004.gif)
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Gross Income |
1650.637 |
1705.474 |
2681.649 |
|
|
|
3.322 |
57.238 |
%20PRIVATE%20LIMITED%20-%20267864%20_%20MIRA%2019-May-2014_files/image006.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Gross Income |
1650.637 |
1705.474 |
2681.649 |
|
Profit |
69.602 |
174.363 |
71.042 |
|
|
4.22% |
10.22% |
2.65% |
%20PRIVATE%20LIMITED%20-%20267864%20_%20MIRA%2019-May-2014_files/image008.gif)
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF CURRENT MATURITIES OF LONG TERM
DEBT: NOT AVAILABLE
|
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 |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
INDEX OF CHARGES: NO CHARGES EXIST
FOR COMPANY
BUSINESS:
The company has achieved consolidated revenue
of Rs.2681.650 Millions. The company has not subsidiary companies.
The company operated in three major areas of operations
consisting of hire-purchase, asset leasing and loan financing.
Income from hire-purchase was Rs.37.180
Millions compared to Rs.3.680 Millions in the previous year.
Income from leasing was Rs.995.110 Millions
compared to Rs.1139.870 Millions in the previous year.
Income from loan financing was Rs.324.700
Millions compared to Rs.233.570 Millions in the previous year.
During the year, the total income from
operations was Rs.2681.650 Millions compared to Rs.1705.470 Millions in the
previous year. Gross profit was at Rs.6.990 Millions as against Rs.483.730
Millions in the previous year. This was lower on account of a prior period
expense of Rs.383.780 Millions debited this year. The profit after tax was
Rs.71.040 Millions as against Rs.174.360 Millions in the previous year. During
the year Rs.14.200 Millions was appropriated to reserve u/s 45IC to RBI Act,
1935 and Rs.56.830 Millions to general reserves. Earing per share is Rs.0.11
against Rs.0.28 in the previous year on a weighted average basis as per
accounting standard 20 issued by the Institute of Chartered Accountants of
India
CORPORATE INFORMATION:
Subject was incorporated on January 18, 2011
and obtained the certificate of registration to commerce business as a
non-banking financial institution from the Reserve Bank of India on September
04, 2001. It is engaged in the business of financing IT related products which
include software.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No 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] 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.58.86 |
|
|
1 |
Rs.98.82 |
|
Euro |
1 |
Rs.80.72 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--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 |
|
54 |
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.