MIRA INFORM REPORT
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Report No. : |
315744 |
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Report Date : |
08.04.2015 |
IDENTIFICATION DETAILS
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Name : |
DEUTSCHE CIB CENTRE PRIVATE LIMITED (w.e.f. 21.09.2011) |
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Formerly Known
As : |
GLOBAL MARKETS CENTRE PRIVATE LIMITED |
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Registered
Office : |
Block B-7, Nirlon Knowledge Park, Western Express Highway, Goregaon
(East), Mumbai – 400063, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
08.06.2006 |
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Com. Reg. No.: |
11-162548 |
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Capital
Investment / Paid-up Capital : |
Rs. 10.020 Million |
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CIN No.: [Company Identification
No.] |
U74140MH2006PTC162548 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMG1172F |
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PAN No.: [Permanent Account No.] |
AACCG6204D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject id engaged establishing a global processing Centre for undertaking back office processing / support services mainly to support business lines of Deutsche Bank Group entities as its primary segment considering the risks and rewards of the services offered, nature of services, management structure and system of financial reporting. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
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MIRA’s Rating : |
A (60) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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Maximum Credit Limit : |
USD 7300000 |
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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 a subsidiary of Deutsche knowledge Services Pte. Ltd,
Singapore. It is well established company having fine track. Overall fundamentals are good. The rating takes into consideration decent profit margin and strong
liquidity marked by debt free balance sheet of the company during year under
review. Trade relations are good. Payment terms are reported to be regular and
as per commitments. Subject can be considered normal 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DENIED
MANAGEMENT NON CO-OPERATIVE (TEL No. 91-22-71803222)
LOCATIONS
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Registered Office : |
Block B-7, Nirlon Knowledge Park, Western Express Highway, Goregaon (East),
Mumbai – 400063, Maharashtra, India |
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Tel. No.: |
91-22-71803222 / 71812929 |
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Fax No.: |
91-22-71804171 / 71812994 |
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E-Mail : |
DIRECTORS
As on: 18.09.2014
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Name : |
Ms. Sandhya Vasudevan |
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Designation : |
Director |
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Address : |
No. 34/35, Vakil Garden City, Kanakapura Road, Bangalore - 560062, Karnataka, India |
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Date of Birth/Age : |
23.11.1961 |
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Date of Appointment : |
18.09.2014 |
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DIN No.: |
00372405 |
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Other Directorship:
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Name : |
Mr. Mrugank Madhukar Paranjape |
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Designation : |
Director |
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Address : |
46 Manisha C.H.S., Subhash Road, Vile Parle (East), Mumbai - 400057, Maharashtra, India |
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Date of Birth/Age : |
23.11.1961 |
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Date of Appointment : |
18.09.2014 |
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DIN No.: |
02162026 |
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Other Directorship:
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Name : |
Mr. Anirban Lahiri |
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Designation : |
Director |
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Address : |
Flat No 2805/2806, 28th Floor, Oberoi Woods CHS, Opposite W E Highway, Goregaon East, Mumbai - 400063, Maharashtra, India |
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Date of Birth/Age : |
26.08.1974 |
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Date of Appointment : |
18.09.2014 |
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DIN No.: |
02554566 |
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Name : |
Mr. Sunil Kumar |
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Designation : |
Director |
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Address : |
E-602, Block-E, Mantri Espana, Marthalli Outer, Ring Road, Kariyammana Agrahara, Opposte Intel, Bengaluru - 560103, Karnataka, India |
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Date of Birth/Age : |
07.12.1969 |
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Date of Appointment : |
21.08.2012 |
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DIN No.: |
05332612 |
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Name : |
Mr. Romil Ravani Rajnikant |
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Designation : |
Director |
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Address : |
601/602, Marathon Omega, 6th Floor,, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India |
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Date of Birth/Age : |
09.10.1976 |
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Date of Appointment : |
14.08.2013 |
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DIN No.: |
06389045 |
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Name : |
Mr. Siddharatha Kanhiyalal Chopra |
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Designation : |
Director |
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Address : |
B/301, 3rd Floor, Prime Avenue 159, S.V. Road, Vile Parle(W), Mumbai - 400056, Maharashtra, India |
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Date of Birth/Age : |
17.10.1977 |
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Date of Appointment : |
14.08.2013 |
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DIN No.: |
06389562 |
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Name : |
Mr. Prashant Prakash Joshi |
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Designation : |
Director |
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Address : |
A-301, Savoy, Raheja Gardens, LBS Marg, Thane - West, Thane - 400604, Maharashtra, India |
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Date of Birth/Age : |
05.06.1971 |
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Date of Appointment : |
14.08.2013 |
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DIN No.: |
06400863 |
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Name : |
Mr. Mallika Chandra |
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Designation : |
Director |
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Address : |
14, Bright Hill Crescent, Singapore - 2057, Singapore |
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Date of Birth/Age : |
07.02.1956 |
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Date of Appointment : |
18.09.2014 |
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DIN No.: |
06407071 |
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Other Directorship:
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Name : |
Mr. David Dorian Oliver Keen |
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Designation : |
Additional Director |
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Address : |
20, Waldegrave Park, Twickenham, Middlesex, Twickenham, Twi4tq, United Kingdom |
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Date of Appointment : |
19.09.2014 |
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DIN No.: |
06963931 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 18.09.2014
|
Names of Shareholders |
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No. of Shares |
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Deutsche India Holding Private Limited, India |
|
4 |
|
Deutsche Knowledge Servies Holding Private Limited, Singapore |
|
1002012 |
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Total |
|
1002016 |
Equity Share Break up (Percentage of Total Equity)
As on: 18.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
99.99 |
|
Bodies corporate |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject id engaged establishing a global processing Centre for undertaking back office processing / support services mainly to support business lines of Deutsche Bank Group entities as its primary segment considering the risks and rewards of the services offered, nature of services, management structure and system of financial reporting. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
Not Available |
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Auditors : |
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Name : |
B S R and Company LLP Chartered Accountants |
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Address : |
Lodha Excelus, 1stFloor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai- 400 011, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFB9852F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Ultimate Holding
company |
Deutsche Bank AG, Germany |
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Holding company: |
Deutsche Knowledge Services Private Limited |
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Fellow subsidiary
companies in India with whom the transactions have taken place during the
year |
|
CAPITAL STRUCTURE
As on 18.09.2014
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Million |
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Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,002,016 |
Equity Shares |
Rs.10/- each |
Rs. 10.020 Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
10.020 |
10.000 |
10.000 |
|
(b) Reserves & Surplus |
2543.700 |
1972.700 |
1752.800 |
|
(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) |
2553.720 |
1982.700 |
1762.800 |
|
|
|
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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 |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
206.200 |
213.900 |
100.700 |
|
Total Non-current
Liabilities (3) |
206.200 |
213.900 |
100.700 |
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
83.880 |
107.800 |
3.600 |
|
(c) Other current
liabilities |
471.700 |
418.800 |
340.200 |
|
(d) Short-term
provisions |
303.900 |
324.700 |
389.500 |
|
Total Current
Liabilities (4) |
859.480 |
851.300 |
733.300 |
|
|
|
|
|
|
TOTAL |
3619.400 |
3047.900 |
2596.800 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
451.400 |
493.400 |
336.500 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.500 |
0.700 |
21.200 |
|
(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) |
141.900 |
134.300 |
87.500 |
|
(d) Long-term Loan and Advances |
604.000 |
428.500 |
187.100 |
|
(e) Other Non-current
assets |
0.000 |
550.200 |
98.000 |
|
Total Non-Current
Assets |
1197.800 |
1607.100 |
730.300 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
1083.100 |
400.900 |
502.000 |
|
(d) Cash
and cash equivalents |
1283.200 |
1008.900 |
1277.000 |
|
(e)
Short-term loans and advances |
35.800 |
28.500 |
44.900 |
|
(f) Other
current assets |
19.500 |
2.500 |
42.600 |
|
Total Current
Assets |
2421.600 |
1440.800 |
1866.500 |
|
|
|
|
|
|
TOTAL |
3619.400 |
3047.900 |
2596.800 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
4974.200 |
4393.500 |
3587.600 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
4041.700 |
3554.100 |
2921.000 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
932.500 |
839.400 |
666.600 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
98.900 |
81.700 |
54.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
833.600 |
757.700 |
612.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
286.600 |
258.900 |
56.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
547.000 |
498.800 |
555.100 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1922.800 |
1752.800 |
1197.700 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
2469.800 |
1922.800 |
1752.800 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
4808.700 |
4211.800 |
3545.100 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
545.90 |
498.80 |
555.10 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
23.97 |
26.01 |
24.60 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33 |
0.38 |
0.35 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.82 |
1.69 |
2.55 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
10.000 |
10.000 |
10.020 |
|
Reserves & Surplus |
1752.800 |
1972.700 |
2543.700 |
|
Net worth |
1762.800 |
1982.700 |
2553.720 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
3587.600 |
4393.500 |
4974.200 |
|
|
|
22.463 |
13.217 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
3587.600 |
4393.500 |
4974.200 |
|
Profit |
555.100 |
498.800 |
547.000 |
|
|
15.47% |
11.35% |
11.00% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
No |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
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 |
Note:
Registered Office of the company has been shifted from “Tower 2, Logitech Park, M.V. Road, Saki Naka, Andheri (East), Mumbai – 400072, Maharashtra, India” to the present address w.e.f. 06.06.2011
OPERATIONS:
The total income for the year amounted to Rs. 4974.200 Million As compared to Rs. 4393.500 Million in the previous year. After deducting total expenditure, Depreciation and Tax, the Company has earned a Net Profit after Tax of Rs. 547.000 Million as compared to Rs. 498.800 Million in the previous year.
OPERATIONS AND FUTURE
OUTLOOK:
The Company has grown in line with the expectations set out for the Financial Year 2013-14 (FY 2013-14). Total service income has gone up by 13.1% against an overall increase of 13.5% in total costs and balance sheet as at 31st Mar 2014 is up by 18.8% as compared to last year. Permanent headcount has increased from 667 at the end of the last financial year (FY2012-13) to 863 at the end of FY2013-14, an increase of 29.4%.
The Company has in FY 2013-14 expanded its scope of services across its major businesses of Corporate Banking & Securities (CB&S), Global Transaction Banking (GTB), Asset & Wealth Management (AWM) and Group Finance. During FY 2013-14, the non-CB&S businesses have grown from ~18% to ~32% of the total headcount of the company. The geographic coverage continues to include all major Deutsche Bank business hubs including London, New York, Singapore, Hong Kong, Tokyo, Mumbai, Frankfurt and Sydney.
Growth in FY 2013-14 can be attributed to (i) the continued build out of the recently established GTB & AWM functions and (ii) expansion of existing businesses viz. Group Finance along with setting up of new functions like Global Technology & Group Relationship Management.
Overall, onshore service recipients have expressed their satisfaction at the quality of service that they were receiving from your Company. Attrition levels of staff for the financial year have remained within expected trends.
The company will continue to expand the scope of services in CB&S in addition to the continued build out of AWM, GTB & infrastructure businesses of Finance & Group Technology. The company expects to reach to 1,250 headcount by the end of the next financial year.
INDEX OF CAHREGS: NO
CHARGES EXIST FOR COMPANY
CONTINGENT LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
|
Other money for which company is contingently liable |
283.400 |
|
Total |
283.400 |
FIXED ASSETS:
- Office equipment
- Computer equipments
- Other equipments
- Leasehold improvements
- Computer software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.62.33 |
|
UK Pound |
1 |
Rs.92.83 |
|
Euro |
1 |
Rs.68.08 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
MTN |
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 |
7 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
60 |
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.