MIRA INFORM REPORT
|
Report No. : |
318885 |
|
Report Date : |
24.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
HEWLETT PACKARD FINANCIAL SERVICES (INDIA) PRIVATE LIMITED (w.e.f.
04.04.2003) |
|
|
|
|
Formerly Known
As : |
COMPAQ FINANCIAL SERVICES ( |
|
|
|
|
Registered
Office : |
3rd Floor, Calcot House, 8/10, M. P. Shetty Marg, |
|
|
|
|
Tel. No.: |
91-22-22042310 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
18.01.2001 |
|
|
|
|
Com. Reg. No.: |
11-130514 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 6281.973 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U65910MH2001PTC130514 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the Business of
Financing IT related Products which includes Software. |
|
|
|
|
No. of Employees
: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (62) |
|
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 : |
Hewlett-Packard Financial Services (India) Private Limited operates as
a subsidiary of Hewlett-Packard Company. It is an established company having a fine track record. The sales turnover and profit of the company has increased as compared
to previous year. The company is operating on its owned funds. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be regular and as per commitments. The company can be considered for business dealing at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 DECLINED
MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-22-66308000)
LOCATIONS
|
Registered Office : |
3rd Floor, Calcot House, 8/10, M. P. Shetty Marg, |
|
Tel. No.: |
91-22-22042310/ 66308000/ 33829000 |
|
Fax No.: |
91-22-22816192/ 25633222 |
|
E-Mail : |
|
|
|
|
|
Head Office: |
24, Salarpuria Arena, Hosur Main Road, Adugodi, Bangalore – 560030,
Karnataka, India |
DIRECTORS
As on 10.09.2014
|
Name : |
Mr. David Anthony Gill |
|
Designation : |
Director |
|
Address : |
10, St. Pauls Road, North Balgowlah, Australia, 2093 |
|
Date of Birth/Age : |
21.04.1972 |
|
Date of Appointment : |
14.07.2006 |
|
DIN No.: |
01885406 |
|
|
|
|
Name : |
Alistair Sinclair White |
|
Designation : |
Director |
|
Address : |
1, Warne Fort Street, London – 71623, United Kingdom |
|
Date of Birth/Age : |
16.08.1966 |
|
Date of Appointment : |
25.06.2013 |
|
DIN No.: |
06616466 |
|
|
|
|
Name : |
Michele Madonini |
|
Designation : |
Additional Director |
|
Address : |
97, Robertson Quay, No. 07-10 Rivergate, Singapore, 238257, Singapore |
|
Date of Appointment : |
19.11.2014 |
|
DIN No.: |
06991221 |
|
|
|
|
Name : |
Mr. Sivaprasad Sivadasan |
|
Designation : |
Additional director |
|
Address : |
C504,Vasant Galaxy,Pluto CHS Limited, Junction of MG Road and Link Road, Near Ram Temple, Bangur Nagar, Goregaon (West), Mumbai - 400104, Maharashtra, India |
|
Date of Birth/Age : |
07.03.1978 |
|
Date of Appointment : |
25.11.2014 |
|
DIN No.: |
07027451 |
KEY EXECUTIVES
|
Name : |
Ms. Hema Shivananda |
|
Designation : |
Secretary |
|
Address : |
House No. 8, Sadashivaiah Layout, Thindlu, Vidyaranyapura Post,
Bangalore-560097, Karnataka, India |
|
Date of Birth/Age : |
06.01.1988 |
|
Date of Appointment : |
12.12.2012 |
|
Pan No.: |
CJKPS6426D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 10.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
HPFS Venture Holdings Limited, Mauritius |
627414269 |
99.88 |
|
HPFS International Holdings IV BV, Netherlands |
783000 |
0.12 |
|
Total |
628197269 |
100.00 |
%20PRIVATE%20LIMITED%20-%20318885_MIRA.doc%2024-Apr-2015_files/image015.gif)
As on 10.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
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 : |
Subject is engaged in the Business of Financing
IT related Products which includes Software. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
-- |
|
|
|
|
Imports : |
-- |
|
|
|
|
Terms : |
-- |
PRODUCTION STATUS:
NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
-- |
||||||||||||||||||||||
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi and Associates LLP Chartered Accountants |
|
Address : |
12th & 13th Floor, "UB City" Canberra Block, No. 24,Vittal Mallya Road, Bangalore – 560001, Karnataka, India |
|
Tel. No. : |
91-80-40275000 |
|
Fax No. : |
91-80-22106000 |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFS3421N |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Holding Company : |
HPFS Venture Holdings Limited, Mauritius [HVHL] |
|
|
|
|
Ultimate Holding Company: |
Hewlett-Packard Company [HP Company] |
|
|
|
|
Fellow Subsidiaries : |
· Hewlett-Packard India Sales Private Limited [HPIS] · Mphasis Limited, [Mphasis] · Hewlett-Packard Singapore (Sales) Pte. Limited [HP Singapore] · Hewlett-Packard Financial Services (Australia) Pty Limited [HP Australia] |
CAPITAL STRUCTURE
As on 10.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
629,007,289 |
Equity Shares |
Rs.10/- each |
Rs. 6290.073 Million |
|
63,609 |
Preference Shares |
Rs.10/- each |
Rs. 0.636 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 6290.709
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
628,197,269 |
Equity Shares |
Rs.10/- each |
Rs. 6281.973 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 |
6281.973 |
6188.439 |
6188.439 |
|
(b) Reserves & Surplus |
8460.842 |
7297.418 |
7226.376 |
|
(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) |
14742.815 |
13485.857 |
13414.815 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term Borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred Tax Liabilities (Net) |
430.104 |
247.322 |
326.373 |
|
(c) Other Long Term
Liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
Provisions |
1152.805 |
1408.130 |
1349.913 |
|
Total Non-current
Liabilities (3) |
1582.909 |
1655.452 |
1676.286 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term Borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade Payables |
604.238 |
420.316 |
641.571 |
|
(c) Other
Current Liabilities |
350.676 |
669.994 |
73.362 |
|
(d) Short-term
Provisions |
9.465 |
10.117 |
9.859 |
|
Total Current
Liabilities (4) |
964.379 |
1100.427 |
724.792 |
|
|
|
|
|
|
TOTAL |
17290.103 |
16241.736 |
15815.893 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-Current Assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible Assets |
0.000 |
0.000 |
0.000 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under Development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred Tax Assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
9121.616 |
8312.907 |
8952.462 |
|
(e) Other
Non-Current Assets |
543.525 |
478.296 |
0.000 |
|
Total Non-Current
Assets |
9665.141 |
8791.203 |
8952.462 |
|
|
|
|
|
|
(2) Current Assets |
|
|
|
|
(a) Current
Investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
Receivables |
503.991 |
461.030 |
1085.896 |
|
(d) Cash
and Cash Equivalents |
506.612 |
1673.987 |
792.323 |
|
(e)
Short-term Loans and Advances |
6614.359 |
5314.270 |
4985.212 |
|
(f) Other
Current Assets |
0.000 |
1.246 |
0.000 |
|
Total
Current Assets |
7624.962 |
7450.533 |
6863.431 |
|
|
|
|
|
|
TOTAL |
17290.103 |
16241.736 |
15815.893 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
2077.598 |
2681.649 |
1705.474 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
Less |
|
|
(Including Depreciation) |
2674.658 (Including
Depreciation) |
1220.880 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
INTEREST, DEPRECIATION AND TAXATION |
|
|
484.594 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
|
0.862 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
566.407 |
6.991 |
483.732 |
|
|
|
|
|
|
|
|
|
Less |
PROVISION FOR
TAXATION |
244.783 |
(64.051) |
309.369 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
321.624 |
71.042 |
174.363 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
555.619 |
498.785 |
359.294 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer To Statutory Reserve |
64.325 |
14.208 |
34.872 |
|
|
BALANCE CARRIED
TO THE B/S |
812.918 |
555.619 |
498.785 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT
CARRIED FORWARD TO BALANCE SHEET |
257.300 |
56.834 |
139.491 |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
866.674 |
880.183 |
847.381 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.52 |
0.11 |
0.28 |
|
%20PRIVATE%20LIMITED%20-%20318885_MIRA.doc%2024-Apr-2015_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20318885_MIRA.doc%2024-Apr-2015_files/image004.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.28 |
0.04 |
3.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.00 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
7.91 |
6.77 |
9.47 |
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 |
6188.439 |
6188.439 |
6281.973 |
|
Reserves & Surplus |
7226.376 |
7297.418 |
8460.842 |
|
Net
worth |
13414.815 |
13485.857 |
14742.815 |
|
|
|
|
|
|
Long-term Borrowings |
0.000 |
0.000 |
0.000 |
|
Short term Borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
%20PRIVATE%20LIMITED%20-%20318885_MIRA.doc%2024-Apr-2015_files/image017.gif)
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 |
1705.474 |
2681.649 |
2077.598 |
|
|
|
57.238 |
(22.525) |
%20PRIVATE%20LIMITED%20-%20318885_MIRA.doc%2024-Apr-2015_files/image019.gif)
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 |
1705.474 |
2681.649 |
2077.598 |
|
Profit |
174.363 |
71.042 |
321.624 |
|
|
10.22% |
2.65% |
15.48% |
%20PRIVATE%20LIMITED%20-%20318885_MIRA.doc%2024-Apr-2015_files/image021.gif)
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 |
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 |
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 |
CURRENT MATURITIES
OF LONG TERM DEBTS: NOT AVAILABLE
INDEX OF CHARGES: NO CHARGES
EXIST FOR COMPANY
CORPORATE INFORMATION
Subject was incorporated on January 18, 2011
and obtained the certificate of registration to commence business as a
non-banking financial institution from the Reserve Bank of India on September
04, 2001. It is engaged in the business of financing IT related products which
include software.
BUSINESS
The performance of the company during the year is as follows:
The company has achieved consolidated revenue of Rs. 2077.759 Million. The company has no subsidiary companies.
The company operated in three major area of operations consisting of hire-purchase, asset leasing and loan financing.
Income from hire-purchase was Rs. 57.390 Million compared to Rs. 37.180 Million in the previous year.
Income from leasing was Rs. 1001.640 Million compared to Rs. 995.110 Million in the previous year.
Income from loan financing was Rs. 455.600 Million compared to Rs. 324.700 Million in the previous year.
During the year, the total income from operations was Rs. 2077.590 Million as compared to Rs. 2681.650 Million in the previous year. Gross profit was at Rs. 566.410 Million as against Rs. 6.990 Million in the previous year. The gross profit of previous year was lower on account of a Prior Period expense of INR 383.780 Million. The profit after tax was Rs. 321.620 Million as against Rs. 71.040 Million in the previous year. Durin the year Rs. 64.320 Million was appropriated to reserves u/s 45IC to RBI Act, 1935 and Rs. 257.300 to General Reserves. Earnings per share is Rs. 0.52 against Rs. 0.11 in the previous year on a weighted average basis as per Accounting Standard-20 issued by the Institute of Chartered Accountants of India.
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. 63.19 |
|
|
1 |
Rs. 94.94 |
|
Euro |
1 |
Rs. 67.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
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 |
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 |
|
62 |
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.