MIRA INFORM REPORT
|
Report No. : |
316802 |
|
Report Date : |
10.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
SYMANTEC SOFTWARE INDIA PRIVATE LIMITED (w.e.f. 24.10.2007) |
|
|
|
|
Formerly Known
As : |
VERITAS SOFTWARE INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
0-5 Floor, Wing 1, Cluster B, Plot # 1, Survey # 77, MIDC Knowledge
Park, EON, Kharadi, Pune – 411014, Maharashtra |
|
Tel. No.: |
91-20-67351001 / 66157000 / 66428030 / 46051001 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on)
: |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
12.09.1995 |
|
|
|
|
Com. Reg. No.: |
11-092611 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.317.734
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200MH1995FTC092611 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEV04026B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACV6015F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing Research
and Development ('R and D') and Software consultancy services; and providing
Technical Support services. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (65) |
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of ‘Symantec Operating Corporation, USA’. It
is a well-established company having a good track record. Financial position of the company is sound. Fundamentals of the
company are strong and healthy. The performance capability of the company
seems to be high. It operates on its own funds. Trade relations are reported as trustworthy. Business is active. Payment
terms are regular and as per commitment. The company can be considered
good for business dealings at usual trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
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 PARTED BY
|
Name : |
Mr. Sunil Bhoskar |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-20-46051001 |
|
Date : |
10.04.2015 |
LOCATIONS
|
Registered Office : |
0-5 Floor, Wing 1, Cluster B, Plot # 1, Survey # 77, MIDC Knowledge
Park, EON, Kharadi, Pune – 411014, Maharashtra, India |
|
Tel. No.: |
91-20-67351001 / 66157000 / 66428030 / 46051001 |
|
Fax No.: |
91-20-66157709 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office 1 : |
2nd Floor, City Tower, 17, Opposite Ekbote Futnitire, Dhole
Patil Road, Pune – 411 001, Maharashtra, India |
|
Tel. No.: |
91-20-66428030 |
|
|
|
|
Branch Office 2: |
3rd Floor, Integrated Office, CP Lodhi Road, New Delhi – 110003, India
|
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Shantanu Ghosh |
|
Designation : |
Director |
|
Address : |
A-303, 10, Kastur Kunj, ICS Colony, Bhosale Nagar, Pune – 411 007,
Maharashtra, India |
|
Date of Birth/Age : |
30.05.1964 |
|
Date of Appointment : |
30.01.2008 |
|
PAN No.: |
AEIPG1441B |
|
DIN No.: |
00955230 |
|
|
|
|
Name : |
Mr. Amit Mukund Godbole |
|
Designation : |
Director |
|
Address : |
29, Anant Raghukul Society, Karve Nagar, Pune – 411 052, Maharashtra,
India |
|
Date of Birth/Age : |
09.07.1973 |
|
Date of Appointment : |
30.11.2009 |
|
PAN No.: |
ACQPG6974M |
|
DIN No.: |
02681249 |
|
|
|
|
Name : |
Ms. Eunice Jeeyoon Kim |
|
Designation : |
Director |
|
Address : |
221, Swallowtail Court, Brisbain, California – 95087, USA |
|
Date of Birth/Age : |
11.07.1973 |
|
Date of Appointment : |
30.11.2009 |
|
DIN No.: |
02673925 |
KEY EXECUTIVES
|
Name : |
Mr. Sunil Bhoskar |
|
Designation : |
Accounts Manager |
|
|
|
|
Name : |
Ranganath Khanolkar |
|
Designation : |
Secretary |
|
Address : |
D 401, Odyssey Society, Lodha Paradise Majiwade, Thane (West), Thane –
400601, Maharashtra, India |
|
Date of Birth/Age : |
17.08.1983 |
|
Date of Appointment : |
04.03.2014 |
|
PAN No.: |
APDPK3649F |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Symantec Corporation, USA |
8599980 |
27.07 |
|
Symantec Operating Corporation, USA |
23173386 |
72.93 |
|
Total |
31773366 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
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 |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Research
and Development ('R and D') and Software consultancy services; and providing
Technical Support services. |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 days / 60 days / 90 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 days / 60 days / 90 days) |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
End Users and OEMs
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
150 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B.S.R. and Company Chartered Accountants |
|
Address : |
703, 7th Floor, Godrej Castelmaine, Bund Garden Road, Next
to Ruby Hall Clinic, Pune – 411 001, Maharashtra, India |
|
Tel. No.: |
91-20-30585764/ 30585765 |
|
Fax No.: |
91-20-30585775 |
|
Website : |
|
|
PAN No.: |
AAAFB9852F |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Holding Company : |
|
|
|
|
|
Ultimate Holding Company: |
|
|
|
|
|
Fellow Subsidiaries : |
CIN No.: U72200MH1995FTC087269
CIN No.: U72200TN2007PTC062278
CIN No.: U72900MH2001FTC13050
|
CAPITAL STRUCTURE
AFTER 30.09.2014
Authorised Capital :
Rs.830.500 Million
Issued, Subscribed & Paid-up Capital : Rs.318.136 Million
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
83,050,000 |
Equity Shares |
Rs.10/- each |
Rs.830.500 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
31,773,366 |
Equity Shares |
Rs.10/-each |
Rs.317.734
Million |
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
83,000,000 |
Equity Shares |
Rs.10/- each |
Rs.830.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
31,773,366 |
Equity Shares |
Rs.10/-each |
Rs.317.734
Million |
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 |
317.734 |
317.734 |
317.734 |
|
(b) Reserves & Surplus |
6264.961 |
5499.095 |
4782.405 |
|
(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) |
6582.695 |
5816.829 |
5100.139 |
|
|
|
|
|
|
(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 |
108.321 |
81.966 |
75.385 |
|
(d) long-term
provisions |
538.419 |
396.521 |
293.853 |
|
Total Non-current
Liabilities (3) |
646.740 |
478.487 |
369.238 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
346.810 |
163.179 |
50.265 |
|
(c) Other
current liabilities |
1622.447 |
532.650 |
498.580 |
|
(d) Short-term
provisions |
38.250 |
69.380 |
63.374 |
|
Total Current
Liabilities (4) |
2007.507 |
765.209 |
612.219 |
|
|
|
|
|
|
TOTAL |
9236.942 |
7060.525 |
6081.596 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
3450.710 |
2306.945 |
1026.688 |
|
(ii) Intangible
Assets |
27.090 |
32.378 |
15.908 |
|
(iii)
Capital work-in-progress |
282.072 |
305.317 |
353.204 |
|
(iv)
Intangible assets under development |
0.000 |
1.621 |
0.000 |
|
(b) Non-current Investments |
0.050 |
0.050 |
0.050 |
|
(c) Deferred tax assets (net) |
179.699 |
206.121 |
212.064 |
|
(d) Long-term Loan and Advances |
657.629 |
485.973 |
493.700 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
4597.250 |
3338.405 |
2101.614 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
1422.492 |
395.830 |
319.429 |
|
(d) Cash
and cash equivalents |
552.708 |
1606.918 |
2043.650 |
|
(e)
Short-term loans and advances |
1459.682 |
1433.266 |
1438.695 |
|
(f) Other
current assets |
1204.810 |
286.106 |
178.208 |
|
Total
Current Assets |
4639.692 |
3722.120 |
3979.982 |
|
|
|
|
|
|
TOTAL |
9236.942 |
7060.525 |
6081.596 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
|
|
SALES |
|
|
|
|
|
|
Revenue from operations |
9628.024 |
7824.341 |
6382.039 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL
INCOME |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
2284.537 |
1862.743 |
1492.977 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
1114.078 |
844.026 |
684.340 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
1170.459 |
1018.717 |
808.637 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
404.593 |
302.027 |
280.224 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
765.866 |
716.690 |
528.413 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4701.803 |
3985.113 |
3456.700 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
5467.669 |
4701.803 |
3985.113 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Technical Service Fees |
9628.024 |
7824.341 |
6382.039 |
|
|
TOTAL EARNINGS |
9628.024 |
7824.341 |
6382.039 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
1533.996 |
1781.887 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
24.10 |
22.56 |
16.63 |
|
Expected Sales ( 2014-2015 ) : Rs.10000.000 Million
The above information has been parted by Mr. Sunil Bhoskar.
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.34 |
15.56 |
14.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18 |
0.18 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.31 |
4.86 |
6.50 |
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 |
317.734 |
317.734 |
317.734 |
|
Reserves & Surplus |
4782.405 |
5499.095 |
6264.961 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
5100.139 |
5816.829 |
6582.695 |
|
|
|
|
|
|
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) |
|
Revenue from operations |
6382.039 |
7824.341 |
9628.024 |
|
|
|
22.599 |
23.052 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Revenue from operations |
6382.039 |
7824.341 |
9628.024 |
|
Profit |
528.413 |
716.690 |
765.866 |
|
|
8.28% |
9.16% |
7.95% |
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 |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if
applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
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 |
CONTINGENT LIABILITIES
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Income tax demands (in appeal) |
448.646 |
473.994 |
|
Demand from Employee State Insurance Corporation, disputed by the Company based on legal advice |
0.172 |
0.172 |
|
Total |
448.818 |
474.166 |
INDEX OF CHARGES : NO
CHARGES EXIST FOR COMPANY
NOTE: The registered office of the company has been
shifted from ICON, Survey No.3/8, Baner Road, Pune – 411045, Maharashtra, India to the
present address w.e.f. 17.01.2014.
BACKGROUND
The company is a software development centre, technical support services provider and software consultancy services provider for Symantec group companies namely Symantec Operating Corporation, USA (‘SOC’) and Symantec Corporation, USA. The Company’s Ultimate Parent Company is SC, USA. SSIPL’s unit in Baner is registered with Software Technology Park of India (‘STPI’), Pune. On 10th August 2012, SSIPL has set up a new unit which is registered under the EON Kharadi Special Economic Zone (SEZ).
OPERATIONS
For the period ended on March 31, 2014, Company has earned an income of Rs.9716.997 Million as compared to Rs.7888.460 Million in previous year showing an increase. The Company has earned a Net Profit after tax of Rs.765.866 Million as against a profit of Rs.716.690 Million in the previous year.
FIXED ASSETS
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.62.37 |
|
|
1 |
Rs.91.60 |
|
Euro |
1 |
Rs.66.49 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
65 |
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.