MIRA INFORM REPORT
|
Report No. : |
317705 |
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Report Date : |
16.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
HITACHI PAYMENT SERVICES PRIVATE LIMITED (w.e.f. 10.04.2015) |
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Formerly Known
As : |
PRIZM PAYMENT SERVICES PRIVATE LIMITED (w.e.f. 31.03.2008) INTEGRATED MAINTENANCE AND SERVICES PRIVATE LIMITED |
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Registered
Office : |
Level 4, MPL Silicon Towers, 23/1 Velachery Tambaram Main Road,
Pallikarnai, Chennai – 601302, Tamilnadu |
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Tel. No.: |
91-44-39807677 |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
12.09.2005 |
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Com. Reg. No.: |
18-057463 |
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Capital
Investment / Paid-up Capital : |
Rs.47.454 Million |
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CIN No.: [Company Identification
No.] |
U72100TN2005PTC057463 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction & Collection
Account No.] |
CHEI05320A |
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PAN No.: [Permanent Account No.] |
AABCI4082J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the Business of Deployment, And Maintenance
of Automatic Teller Machines (ATM) and Point of Sale Terminals (POS) and
Allied Services. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
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 5300000 |
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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 well-established company having fine track record. The rating reflects company’s healthy financial risk profile marked by
adequate liquidity position and sound profitability margins of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered good for normal 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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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
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 BY
|
Name : |
Mr. Himanshu Chaturvedi |
|
Designation : |
Finance Manager |
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Contact No.: |
91-44-39807600 |
|
Date : |
15.04.2015 |
LOCATIONS
|
Registered Office : |
Level 4, |
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Tel. No.: |
91-44-39807677 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office : |
Silver Metropolis‚ 3rd Floor‚ Jai Coach Compound‚ Goregaon
(East)‚ Mumbai – 400063, Maharashtra, India |
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Tel. No.: |
91-22-39541800 |
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Fax No.: |
91-22-39541850 |
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Regional Office : |
Located at: · New Delhi · Gujarat · Mumbai · Pune · Karnataka · Hyderabad · Kolkata |
DIRECTORS
AS ON 27.08.2014
|
Name : |
Mr. Antony Loney |
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Designation : |
Managing director |
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Address : |
C/3001 30th Floor Oberoi Sprins, Near Monginis Cake Factor,
Link Road, Andheri West, Mumbai – 400053, Maharashtra, India |
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Date of Birth/Age : |
23.02.1962 |
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Qualification : |
B.Com, ACA |
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Date of Appointment : |
18.04.2008 |
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PAN No.: |
ABKPA2354C |
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DIN No.: |
00003297 |
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Name : |
Mr. Chandrasekaharan Shyamsunder |
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Designation : |
Whole-Time Director |
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Address : |
C-3/2, 10th Street, Anna Nagar East, Chennai – 600102,
Tamilnadu, India |
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Date of Birth/Age : |
10.11.1966 |
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Qualification : |
B.Com, ACA |
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Date of Appointment : |
18.04.2008 |
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PAN No.: |
AACPS3670G |
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DIN No.: |
00003613 |
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Name : |
Mr. Geereddy Reddy |
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Designation : |
Director |
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Address : |
45711 Vineyard Ave, Fremont, 5102520369, United States of America |
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Date of Birth/Age : |
18.09.1959 |
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Date of Appointment : |
20.03.2014 |
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DIN No.: |
00458456 |
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Name : |
Mr. Tetsuya Yagi |
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Designation : |
Whole-time Director |
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Address : |
Goryouminegadouchou 1-22-5, Kyoto Nishikyo-Ku, Kyoto, 6290312, Japan |
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Date of Birth/Age : |
28.12.1960 |
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Date of Appointment : |
20.03.2014 |
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DIN No.: |
06826718 |
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Name : |
Mr. Keiichi Shiotsuka |
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Designation : |
Director |
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Address : |
Omorikita, 1-32-1-402, Ota-Ku, Tokyo, 8190373, Japan |
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Date of Birth/Age : |
08.05.1954 |
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Date of Appointment : |
20.03.2014 |
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DIN No.: |
06826784 |
KEY EXECUTIVES
|
Name : |
Mr. Ramesh Srinivasan |
|
Designation : |
Chief Finance Officer |
|
Address : |
Old No. 15 New No. 6, Temple Avenue, Sri Nagar Colony, Saidapet,
Chennai, 600015, Tamil Nadu, India |
|
Date of Appointment : |
01.04.2014 |
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PAN No.: |
AALPR1165J |
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Name : |
Ms. Kumud Maheshwari |
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Designation : |
Secretary |
|
Address : |
F-404, Lancor West, Elcot Avenue, Sholinganallur, Chennai, 600119,
Tamil Nadu, India |
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Date of Birth/Age : |
31.07.1978 |
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Date of Appointment : |
01.03.2012 |
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PAN No.: |
AQEPM2638L |
MAJOR SHAREHOLDERS
AS ON 27.08.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Hitachi Consulting Software Services India Private Limited, India |
4654601 |
98.09 |
|
Hitachi Limited, Tokyo |
90814 |
1.91 |
|
Total |
4745415 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 27.08.2014
|
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] |
1.91 |
|
Bodies corporate |
98.09 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the Business of Deployment, And
Maintenance of Automatic Teller Machines (ATM) and Point of Sale Terminals
(POS) and Allied Services. |
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Products / Services: |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Walker Chandiok and Company Chartered Accountants |
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Address : |
L-41, Conaught Circus, |
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PAN No.: |
AAAFW4298E |
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Collaborators : |
Not Divulged |
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Membership : |
Not Divulged |
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Holding company : |
Hitachi Consulting Software Services India Private Limited |
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Fellow Subsidiary
company : |
OPC Asset Solutions Private Limited |
CAPITAL STRUCTURE
AS ON 27.08.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs. 10/- each |
Rs.50.000 Million |
|
6500000 |
Preference Shares |
Rs. 100/- each |
Rs.650.000 Million |
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|
|
|
|
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Total |
|
Rs.700.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
4745415 |
Equity Shares |
Rs.10/- each |
Rs.47.454 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 |
|
|
|
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(a) Share Capital |
47.454 |
587.300 |
587.300 |
|
(b) Reserves & Surplus |
1816.800 |
869.800 |
552.700 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
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(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
1864.254 |
1457.100 |
1140.000 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
1864.600 |
1253.100 |
801.400 |
|
(b) Deferred tax liabilities (Net) |
49.300 |
35.000 |
16.400 |
|
(c) Other long term
liabilities |
380.200 |
128.600 |
83.400 |
|
(d) long-term
provisions |
9.000 |
7.800 |
4.400 |
|
Total Non-current
Liabilities (3) |
2303.100 |
1424.500 |
905.600 |
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(4)
Current Liabilities |
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|
|
|
(a) Short
term borrowings |
210.600 |
50.000 |
0.000 |
|
(b) Trade
payables |
281.800 |
275.600 |
137.300 |
|
(c) Other
current liabilities |
1766.246 |
913.000 |
898.300 |
|
(d) Short-term
provisions |
2.500 |
1.100 |
0.000 |
|
Total Current
Liabilities (4) |
2261.146 |
1239.700 |
1035.600 |
|
|
|
|
|
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TOTAL |
6428.500 |
4121.300 |
3081.200 |
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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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|
|
|
(i)
Tangible assets |
1447.100 |
915.600 |
617.700 |
|
(ii)
Intangible Assets |
1323.400 |
877.500 |
880.400 |
|
(iii)
Capital work-in-progress |
37.600 |
72.600 |
28.900 |
|
(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 |
496.900 |
327.100 |
172.200 |
|
(e) Other
Non-current assets |
620.000 |
332.900 |
93.600 |
|
Total Non-Current
Assets |
3925.000 |
2525.700 |
1792.800 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
10.400 |
|
(b)
Inventories |
337.900 |
291.200 |
175.200 |
|
(c) Trade
receivables |
1294.400 |
696.400 |
428.900 |
|
(d) Cash
and cash equivalents |
602.900 |
478.300 |
492.900 |
|
(e)
Short-term loans and advances |
67.900 |
30.700 |
51.500 |
|
(f) Other
current assets |
200.400 |
99.000 |
129.500 |
|
Total
Current Assets |
2503.500 |
1595.600 |
1288.400 |
|
|
|
|
|
|
TOTAL |
6428.500 |
4121.300 |
3081.200 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
REVENUE (A) |
7969.300 |
5015.500 |
3405.100 |
|
|
|
|
|
|
|
Less |
EXPENSES (B) |
6609.500 |
4059.000 |
2707.200 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1359.800 |
956.500 |
697.900 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
370.100 |
218.200 |
90.500 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
989.700 |
738.300 |
607.400 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
384.400 |
277.800 |
213.500 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
605.300 |
460.500 |
393.900 |
|
|
|
|
|
|
|
Less |
TAX (H) |
219.100 |
163.400 |
133.300 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
386.200 |
297.100 |
260.600 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
580.781 |
283.681 |
23.081 |
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
966.981 |
580.781 |
283.681 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
125.64 |
98.47 |
30.34 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets) |
(%) |
9.47 |
11.37 |
12.91 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32 |
0.32 |
0.35 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.11 |
0.89 |
0.70 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.11 |
1.29 |
1.24 |
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 |
587.300 |
587.300 |
47.454 |
|
Reserves & Surplus |
552.700 |
869.800 |
1816.800 |
|
Net
worth |
1140.000 |
1457.100 |
1864.254 |
|
|
|
|
|
|
long-term borrowings |
801.400 |
1253.100 |
1864.600 |
|
Short term borrowings |
0.000 |
50.000 |
210.600 |
|
Total
borrowings |
801.400 |
1303.100 |
2075.200 |
|
Debt/Equity
ratio |
0.703 |
0.894 |
1.113 |
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 |
3405.100 |
5015.500 |
7969.300 |
|
|
|
47.294 |
58.893 |
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 |
3405.100 |
5015.500 |
7969.300 |
|
Profit |
260.600 |
297.100 |
386.200 |
|
|
7.65% |
5.92% |
4.85% |
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 |
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 |
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 |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
PERFORMANCE AND
PROSPECTS
OVERVIEW
During last year we have bought over 100% stake in the Company from the existing shareholders. They would like to thank the erstwhile shareholders and Board of Directors for the achievements of the Company and setting up the platform for the next phase of this exciting Journey. Main activities of your Company include deploying Automated Teller Machines (ATMs), carrying out ATM Network management, deploying Point of Sale (POS) terminals and carrying out management of POS network for Banks, Financial Institutions and Retail
The Directors are happy to inform you that the Reserve Bank of India converted the in principle approval to a formal license to set-up, own and operate payment system for White Label ATMs (WLAs). The Company has to deploy a minimum of 9,000 ATMs over the 3 years as per the guidelines specified in the License.
During the year, the Company has achieved revenue of 7969.300 Million (previous year 5015.500 Million), a growth of 59% year on year. The strong growth in revenues was contributed by expansion in ATM business. The POS and mobile POS businesses also delivered strong growth. The mobile POS is also receiving very encouraging response in markets outside of India. The Profit before Tax (PBT) of the Company for the current year was 605.300 Million as against 460.500 Million in the previous year, a growth of 31%.
The Directors are very excited with future growth prospects on hand. The growth in the coming years will be largely driven by the traditional ATM deployment for Banks. In addition the White label ATM program gives us another avenue to grow the business. With the acquisition by Hitachi, new technologies in the form of Bunch Note Acceptors / Cash Recycle Management can be introduced into the Indian market. Further, they intend to take the India business model in ATM and mobile POS to new international geographies which will further drive the growth in business.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10529447 |
23/09/2014 |
1,000,000,000.00 |
Mizuho Bank Limited |
Maker chambers III, 1st Floor, Jamnalal Bajaj Road, Nariman Point, Mumbai, Maharashtra - 400021, India |
C32467409 |
|
2 |
10529449 |
23/09/2014 |
2,350,000,000.00 |
Mizuho Bank Limited |
Maker chambers III, 1st Floor, Jamnalal Bajaj Road, Nariman Point, Mumbai, Maharashtra - 400021, India |
C32468084 |
|
3 |
10504204 |
22/04/2014 |
250,000,000.00 |
IndusInd Bank Limited |
IndusInd House,, 425, Dadsaheb Bhadkamkar Marg, Mumbai, Maharashtra - 400004, India |
C07327869 |
|
4 |
10500299 |
27/03/2014 |
330,000,000.00 |
Axis Bank Limited |
Corporate
Banking Branch, Ground Floor, Karumuthu |
C05692348 |
|
5 |
10481846 |
29/01/2014 |
69,000,000.00 |
Axis Bank Limited |
Corporate
Banking Branch, Ground Floor, Karumuthu |
B98210560 |
|
6 |
10471688 |
26/09/2014 * |
250,000,000.00 |
DBS Bank Limited |
First Floor, Fort House, 221 Dr. D. N. Road, Mumbai, Maharashtra - 400001, India |
C26284364 |
|
7 |
10459041 |
11/11/2013 |
250,000,000.00 |
DBS Bank Limited |
806, Anna Salai, Chennai, Tamil Nadu - 600002, India |
B89093660 |
|
8 |
10394838 |
13/12/2012 |
140,000,000.00 |
Axis Bank Limited |
Corporate
Banking Branch, Ground Floor, Karumuthu |
B65114712 |
|
9 |
10391452 |
13/12/2012 |
250,000,000.00 |
Citi Bank N. A. |
Second
Floor,163, Anna Salai, Chennai, Tamil Nadu |
B63924930 |
|
10 |
10281848 |
10/08/2013 * |
250,000,000.00 |
Axis Bank Limited |
Corporate Banking Branch, Karumuthu Nilayam, No.192 Anna Salai, Chennai, Tamil Nadu - 600002, India |
B83764688 |
*Date of modification Charges
FIXED ASSETS:
Tangible Assets
·
Leasehold Improvement
·
Network Hardware
·
ATM’s and Related Assets
·
Office Equipments
·
Furniture and
Fixture
·
Computer
·
Air Conditioner
·
Vehicles
Intangible Assets
·
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 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.62.40 |
|
|
1 |
Rs.92.15 |
|
Euro |
1 |
Rs.66.48 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
|
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.