MIRA
INFORM REPORT
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Report Date : |
28.05.2014 |
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Tel. No.: |
91-22-71447130 |
IDENTIFICATION DETAILS
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Name : |
UNIFY ENTERPRISE COMMUNICATIONS PRIVATE LIMITED (w.e.f. 18.10.2013) |
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Formerly Known
As : |
SIEMENS ENTERPRISE COMMUNICATIONS PRIVATE LIMITED |
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Registered
Office : |
601, 6th Floor, 247 Park, Tower B, L.B.S. Marg, Vikhroli (WEST)
Mumbai – 400018, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
30.09.2013 |
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Date of
Incorporation : |
11.01.2007 |
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Com. Reg. No.: |
11-166937 |
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Capital
Investment / Paid-up Capital : |
Rs. 610.000 Millions |
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CIN No.: [Company Identification
No.] |
U31908MH2007FTC166937 |
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PAN No.: [Permanent Account No.] |
AAKCS5375F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader Communication Equipments. |
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No. of Employees
: |
3000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 3200000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having good track record. Fundamentals of the company is decent. Financial position of the
company is strong and healthy. Trade relation are reported to be fair. Business is active. Payment
terms are reported to be regular and as per commitment. The company can be considered normal 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 PARTED BY
|
Name : |
Mr. Santosh Veer |
|
Designation : |
Accounts Manager |
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Contact No.: |
91-22-71447179 |
|
Date : |
27.05.2014 |
LOCATIONS
|
Registered Office : |
601, 6th Floor, 247 Park, Tower B, L.B.S. Marg, Vikhroli (WEST)
Mumbai – 400018, Maharashtra, India |
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Tel. No.: |
91-22-71447179 / 30 |
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Fax No.: |
91-22-71447130 |
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E-Mail : |
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Area : |
3000 Sq. ft. |
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Location : |
Rented |
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Branch : |
Located at:
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DIRECTORS
As on: 27.03.2014
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Name : |
Mr. Anil Kumar Prakash Chandra Jain |
|
Designation : |
Managing Director |
|
Address : |
7/4, Twinkle Star Society, Ghatla Marg, Chembur, Mumbai – 400071,
Maharashtra, India |
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Date of Birth/Age : |
20.03.1963 |
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Date of Appointment : |
30.03.2010 |
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PAN No.: |
AAIPJ4334J |
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DIN No.: |
02819815 |
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Name : |
Mr. Chatan Mahavir Utture |
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Designation : |
Whole time Director |
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Address : |
B/2, 602, Shubharambh Co-operative Society, Tikujiniwadi Road,
Manpada, Near Happy Vally, Thane (West), Thane – 400610, Maharashtra,
India |
|
Date of Birth/Age : |
21.03.1971 |
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Date of Appointment : |
01.01.2011 |
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PAN No.: |
AAGPU7947N |
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DIN No.: |
03359005 |
KEY EXECUTIVES
|
Name : |
Mr. Santosh Veer |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 27.03.2014
|
Names of Shareholders |
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No. of Shares |
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Unify Overseas Holdings B. V., (Formerly EN Overseas Holding B.V.) India
|
|
60999999 |
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Unify Germany Holdings B.V., (Formerly EN Germany Holding B.V.)India |
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1 |
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Total |
|
61000000 |
Equity Share Break up (Percentage of Total Equity)
As on: 27.03.2014
|
Category |
|
Percentage |
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Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
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Total
|
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Trader Communication Equipments. |
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Products : |
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Exports : |
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Products : |
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Countries : |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Suppliers : |
Polycom, China |
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No. of Employees : |
3000 (Approximately) |
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Bankers : |
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Facilities : |
Fund and Non-fund: Rs. 420.000 Millions (From HDFC Bank) |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Deloitte Haskins and Sells LLP Chartered Accountants |
|
Address : |
Tower 3, 27th – 32nd Floor, Indiabulls Finance Centre, Elphinstone Mill Compound, Senapati Bapat Marg, Elphinstone (West), Mumbai – 400013, Maharashtra, India |
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PAN No.: |
AACFD4815A |
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Holding company: |
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Ultimate
controlling entity: |
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Intermediate
Holding company: |
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Fellow Subsidiary: |
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CAPITAL STRUCTURE
As on: 27.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
62000000 |
Equity Shares |
Rs.10/- each |
Rs. 620.000 Millions |
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|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
61000000 |
Equity Shares |
Rs.10/- each |
Rs. 610.000
Millions |
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|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
30.09.2013 |
30.09.2012 |
30.09.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
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(a) Share Capital |
610.000 |
610.000 |
610.000 |
|
(b) Reserves & Surplus |
214.700 |
166.100 |
149.400 |
|
(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) |
824.700 |
776.100 |
759.400 |
|
|
|
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(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 |
2.200 |
6.800 |
7.900 |
|
(d)
long-term provisions |
12.000 |
12.900 |
14.400 |
|
Total
Non-current Liabilities (3) |
14.200 |
19.700 |
22.300 |
|
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|
|
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(4) Current Liabilities |
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|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
349.100 |
370.300 |
246.200 |
|
(c)
Other current liabilities |
94.300 |
127.400 |
164.200 |
|
(d)
Short-term provisions |
96.400 |
133.700 |
142.000 |
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Total
Current Liabilities (4) |
539.800 |
631.400 |
552.400 |
|
|
|
|
|
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TOTAL |
1378.700 |
1427.200 |
1334.100 |
|
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|
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II.
ASSETS |
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(1) Non-current assets |
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(a)
Fixed Assets |
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|
|
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(i)
Tangible assets |
14.700 |
16.900 |
17.500 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
87.400 |
|
(iii)
Capital work-in-progress |
0.600 |
0.200 |
0.200 |
|
(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) |
51.500 |
57.100 |
49.000 |
|
(d) Long-term Loan and Advances |
59.000 |
41.300 |
40.800 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
125.800 |
115.500 |
194.900 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
146.800 |
159.300 |
114.400 |
|
(c)
Trade receivables |
726.900 |
715.500 |
541.000 |
|
(d)
Cash and cash equivalents |
314.100 |
376.700 |
416.200 |
|
(e)
Short-term loans and advances |
56.600 |
47.400 |
53.600 |
|
(f)
Other current assets |
8.500 |
12.800 |
14.000 |
|
Total
Current Assets |
1252.900 |
1311.700 |
1139.200 |
|
|
|
|
|
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TOTAL |
1378.700 |
1427.200 |
1334.100 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
30.09.2013 |
30.09.2012 |
30.09.2011 |
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SALES |
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Income |
|
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Other Income |
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TOTAL |
2207.700 |
2332.800 |
2032.900 |
|
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|
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Less |
EXPENSES |
|
|
|
|
|
|
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TOTAL |
1919.500 |
2138.900 |
1897.500 |
|
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|
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PROFIT BEFORE
TAX |
288.200 |
193.900 |
135.400 |
|
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|
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|
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|
Less |
TAX |
95.100 |
70.900 |
49.200 |
|
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PROFIT AFTER TAX
|
193.100 |
123.000 |
86.200 |
|
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EARNINGS IN
FOREIGN CURRENCY |
55.300 |
92.500 |
56.420 |
|
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|
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|
|
|
Earnings Per
Share (Rs.) |
3.12 |
2.02 |
1.41 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
2090.000 |
|
|
|
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|
The above information has been parted by Mr. Santosh Veer
KEY RATIOS
|
PARTICULARS |
|
30.09.2013 |
30.09.2012 |
30.09.2011 |
|
PAT / Total
Income |
(%) |
8.75 |
5.27 |
4.24 |
|
|
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|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
21.72 |
14.15 |
10.54 |
|
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|
Return on Investment (ROI) (PBT/Networth) |
|
0.35 |
0.25 |
0.18 |
|
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|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
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|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.32 |
2.08 |
2.06 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
30.09.2011 |
30.09.2012 |
30.09.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
610.000 |
610.000 |
610.000 |
|
Reserves & Surplus |
149.400 |
166.100 |
214.700 |
|
Net
worth |
759.400 |
776.100 |
824.700 |
|
|
|
|
|
|
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 |
30.09.2011 |
30.09.2012 |
30.09.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
2032.900 |
2332.800 |
2207.700 |
|
|
|
14.752 |
(5.363) |
NET PROFIT MARGIN
|
Net
Profit Margin |
30.09.2011 |
30.09.2012 |
30.09.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
2,032.900 |
2,332.800 |
2,207.700 |
|
Profit |
86.200 |
123.000 |
193.100 |
|
|
4.24% |
5.27% |
8.75% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT
MATURITIES OF LONG-TERM DEBT DETAILS: 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 |
Yes |
|
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 |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last four 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 |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
OPERATIONS
For FY 2012-13, turnover of the company is marginally reduced to Rs. 2207.700 millions from that of Rs. 2332.800 millions in the previous year. However, Profit before tax rose to Rs. 288.200 millions from that of Rs. 193.900 millions in previous financial year registering whooping growth of Rs. 94.300 millions. This substantial improvement in PBT is attributed to various cost cutting measures initiated by the company during the year. Net profit after tax surged to Rs. 193.100 millions as compared to Rs. 123.000 millions in the previous year. Overall, the company has made substantial improvement on the financial front.
The success company achieved during fiscal 2013 confirms that they are on the right track. They have been able to create value for their customers and forge partnerships for mutual growth and prosperity. Their customers have placed their confidence in their products, services and solutions, for which they are thankful to them. The trend that they see very clearly is that sustainable business is the new mantra within their organization as well as with their customers, partners and suppliers. Hence, their focus for the near future will be on sustainable and capital efficient growth.
FUTURE OUTLOOK
Enterprise Communication market in India is showing a major shift in technology and customer demands UC, mobility and collaboration are the key drivers. The overall market would still grow at 14% per annum but due to the change in technology and customer demand they are better poised to capture a larger part of this market demand.
VoIP will continue to grow at faster pace coupled with Unified communication. Major markets in India which was traditionally TDM centric is fast changing to IP deployment due to the sheer benefits of Unified Communication, ease of deployment and a faster ROI. Applications are taking center stage in voice platform decisions. Company has one of the strongest portfolios in IP and UC along with technical, System integration and project management skill set to address this market opportunity where the customer is now looking for one stop shop for its entire wired, wireless and UC application needs.
Mobility is no more a like to have but a must have facility in communication portfolio. This results in integration of office communication system with the mobile network so that 100% seamless communication of not only voice but presence, IM and web collaboration is possible on the go. BYOD is the way ahead which puts a demand on corporate security and they at Unify have the required solution to ensure smooth deployment at customer premises.
Demand for higher bandwidth and faster networks has resulted in high growth in Data Networking (wired and wireless) and Security market which is well addressed with its strategic agreement with Juniper Networks and Extreme Networks. Gigabit to the desk requirement to ensure triple play services at the desk is the need of the hour.
Video conferencing has shown highest growth in adoption. The market can be addressed as standalone Videoconferencing / Telepresence solutions as well as part of integrated UC portfolio. These solutions will be more in demand now as businesses are looking for cost cutting on travel expenses and earn carbon credits. Natural extension to video conferencing business is Audio / Video integration business and Company has the required technology tie ups and in house skill set to address these system integration opportunities.
Specialized vertical solutions for industries are in demand. Company has dedicated solutions for Banking Industry and Hospitality Industry and they will be addressing this specific market segment.
Most of the service market is still around Lifecycle services. Professional services market is still nascent and very much scattered. Managed Services is substantially large market but focused only on FMS and Data / Server managed services. No vendor in the market offers managed services for Voice platforms. Company has also started activities to offer Professional Services like Network Audit, trainings etc. Cloud services are still emerging. Private Cloud for Enterprise Communication is more interesting for many large enterprise customers and most of the cloud investments will be in Private Clouds. Company has end to end offering to address these Hosted communication business opportunities via service providers.
Company has evolved over the past years from a pure voice centric player to an end to end Solution Provider and a true system integrator with strong project management capabilities. This has enabled the company to execute end to end solution encompassing voice, video, data, and security bundled with array of services.
Customer communication requirements are becoming complex with demand for 99.999 availability and integration of their changing business processes to the communication infrastructure to improve employee productivity and reduce cost. Company with its emerging UC portfolio and mobility solutions along with system integration skills and business process knowledge is well positioned to address this fast growing and changing customer demand.
Note: The Registered
Office of the company has been shifted from 130, Pandurang Budhkar Marg, Worli,
Mumbai – 400018, Maharashtra, India to the present address w.e.f. 11.03.2013.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10155246 |
01/08/2013 * |
420,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B83208371 |
* Date of charge modification
FIXED ASSETS
- Furniture and fixtures
- Office equipment
- Computer equipment’s
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions between
a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 59.06 |
|
|
1 |
Rs. 99.61 |
|
Euro |
1 |
Rs. 80.61 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
7 |
|
--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 |
YES |
|
--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.