MIRA INFORM REPORT
|
Report No. : |
356062 |
|
Report Date : |
28.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
ZS ASSOCIATES INDIA PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
Magarpatta Cybercity Tower – 12, Floor No. 6, B Wing, Hadapsar, Pune –
411013, Maharashtra |
|
Tel. No.: |
91-20-66436223 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
30.11.2004 |
|
|
|
|
Com. Reg. No.: |
11-020841 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.20.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200PN2004FTC020841 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACZ2157Q |
|
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|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is providing technical and software support services. (Registered activity) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
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 |
|
Maximum Credit Limit : |
USD 5700000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is a subsidiary of ZS Associates International Inc, United
States. It is an established company incorporated in the year 2004 having
good track. Financial position of the company is sound and healthy. Balance sheet
of the company is debt free. Further, the rating also takes into consideration decent profit margin
of the company. The rating also derives strength from its holding company and its experienced
management. Trade relations are reported as fair. Business is active. Payments
terms are reported as regular and as per commitment. In view of strong holding support and strong financial base, the
company 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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
31-03-2015.
INFORMATION DECLINED
Management Non-Cooperative (Tel No.:91-20-66436223)
LOCATIONS
|
Registered Office : |
Magarpatta Cybercity Tower – 12, Floor No. 6, B Wing, Hadapsar, Pune –
411013, Maharashtra, India |
|
Tel. No.: |
91-20-66436223 |
|
Fax No.: |
91-20-66065001 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
3rd to 8th Floor, Block A4, IT/ITE’s SEZ of DLF
Limited, Village – Silokhera, Sector – 30, Gurgaon – 122002,(Haryana), India |
|
Tel. No.: |
91-124-6797000 |
|
Fax No.: |
91-124-6767001 |
DIRECTORS
As on 31.03.2015
|
Name : |
Mr. Jaideep Singh Baja |
|
Designation : |
Director |
|
Address : |
1800 Sherman Avenue, Suite 800, Evanston IL, 60201, United States of America |
|
Date of Birth/Age : |
18.09.1963 |
|
Date of Appointment : |
01.01.2006 |
|
DIN No.: |
01242889 |
|
|
|
|
Name : |
Mr. Abhijit Laxmikant Nimgaonkar |
|
Designation : |
Director |
|
Address : |
52, Caldwell Drive, Princeton NJ, 08540, United States of America |
|
Date of Birth/Age : |
21.08.1959 |
|
Qualification : |
MBA Northwestern University - Kellogg School of Management |
|
Experience : |
31 Years |
|
Date of Appointment : |
30.11.2004 |
|
DIN No.: |
01713377 |
|
|
|
|
Name : |
Mr. Rohan James Fernando |
|
Designation : |
Director |
|
Address : |
A48, Vasant Marg, 2nd Floor,, Vasant Vihar, Delhi, 110057, India |
|
Date of Birth/Age : |
26.05.1971 |
|
Qualification : |
MBA ( Marketing) -University of Pennsylvania - Wharton School of Business |
|
Experience : |
18 Years |
|
Date of Appointment : |
27.09.2013 |
|
DIN No.: |
06582508 |
|
|
|
|
Name : |
Mr. Shankar Viswanathan |
|
Designation : |
Director |
|
Address : |
K-602, Laburnum Park, Magarpatta City, Hadapsar, Pune City, Hadpsar L.E. Pune City, Pune - 411013, Maharashtra, India |
|
Date of Birth/Age : |
13.05.1973 |
|
Date of Appointment : |
23.09.2014 |
|
DIN No.: |
06740653 |
KEY EXECUTIVES
|
Name : |
Jdnassa and Associates |
|
Designation : |
Company Secretaries |
|
Address : |
Flat No.9/7, Karan Aniket, Level 5/4, Plot No. 37, Shri Varanasi
Society, Behind Atul Nagar, Off. Mumbai Bangalore By-pass, Warje, Pune-
411058, Maharashtra, India |
|
Tel No.: |
91-20-25204357 / 4359 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2015
|
Names of Shareholders |
|
No. of Shares |
|
ZS Associated International, Inc., USA |
|
19999 |
|
Abhijit Nimgaonkar |
|
1 |
|
Total |
|
20000 |
Equity Share Break up (Percentage of Total Equity)
As on 23.09.2014
|
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 : |
Subject is providing technical and software support services. (Registered activity) |
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Products : As on 31.03.2014 |
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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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||||
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
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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Auditors : |
|
|
Name : |
B S R and Associates LLP Chartered Accountants |
|
Address : |
703, Godrej Castlemine, 7th Floor, Bund Garden Road, Pune – 411001, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AADFB6889R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Fellow Subsidiary
Company : |
ZS Associates, Inc, United States |
|
|
|
|
Holding company : |
ZS Associates International, Inc., United States |
CAPITAL STRUCTURE
As on 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000 |
Equity Shares |
Rs.1000/- each |
Rs.20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
|
|
20000 |
Equity Shares |
Rs.1000/- each |
Rs.20.000 Million |
|
|
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
20.000 |
20.000 |
20.000 |
|
(b) Reserves & Surplus |
1985.702 |
1459.888 |
1033.245 |
|
(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) |
2005.702 |
1479.888 |
1053.245 |
|
|
|
|
|
|
(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 |
249.136 |
23.647 |
15.342 |
|
(d) long-term provisions |
112.558 |
85.706 |
53.398 |
|
Total
Non-current Liabilities (3) |
361.694 |
109.353 |
68.740 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
122.509 |
133.085 |
46.727 |
|
(c) Other current liabilities |
259.246 |
206.804 |
72.190 |
|
(d) Short-term provisions |
184.566 |
137.096 |
90.231 |
|
Total
Current Liabilities (4) |
566.321 |
476.985 |
209.148 |
|
|
|
|
|
|
TOTAL |
2933.717 |
2066.226 |
1331.133 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
473.259 |
185.078 |
182.944 |
|
(ii) Intangible Assets |
20.883 |
9.597 |
9.304 |
|
(iii) Capital work-in-progress |
18.822 |
25.319 |
2.790 |
|
(iv) Intangible assets under
development |
0.000 |
11.836 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
130.715 |
99.645 |
57.452 |
|
(d) Long-term Loan and Advances |
268.541 |
196.016 |
83.489 |
|
(e) Other Non-current assets |
0.670 |
1.390 |
1.296 |
|
Total
Non-Current Assets |
912.890 |
528.881 |
337.275 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
1701.935 |
1215.367 |
711.111 |
|
(d) Cash and cash equivalents |
39.707 |
88.963 |
44.516 |
|
(e) Short-term loans and
advances |
236.428 |
153.453 |
98.942 |
|
(f) Other current assets |
42.757 |
79.562 |
139.289 |
|
Total
Current Assets |
2020.827 |
1537.345 |
993.858 |
|
|
|
|
|
|
TOTAL |
2933.717 |
2066.226 |
1331.133 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
4979.897 |
3788.613 |
|
|
|
Other Income |
46.013 |
48.806 |
|
|
|
TOTAL
(A) |
5025.910 |
3837.419 |
2436.863 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits expense |
2960.922 |
1932.898 |
|
|
|
Other expenses |
1086.210 |
1139.854 |
|
|
|
TOTAL
(B) |
4047.132 |
3072.752 |
2037.355 (Including
depreciation and finance expenses) |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
978.778 |
764.667 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
34.385 |
0.000 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
944.393 |
764.667 |
|
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
152.649 |
121.417 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
791.744 |
643.250 |
399.508 |
|
|
|
|
|
|
|
Less |
TAX (H) |
265.930 |
216.607 |
131.753 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
525.814 |
426.643 |
267.755 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD (K) |
1458.610 |
1031.967 |
764.212 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S (J+K+L-M) |
1984.424 |
1458.610 |
1031.967 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
Technical and software support services (including applied revenue) |
4931.423 |
3772.375 |
2391.768 |
|
|
TOTAL
EARNINGS |
4931.423 |
3772.375 |
2391.768 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
|
|
|
|
|
IT Consumables |
0.000 |
0.818 |
0.000 |
|
|
Capital Goods |
41.093 |
15.241 |
3.287 |
|
|
TOTAL
IMPORTS |
41.093 |
16.059 |
3.287 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
26.291 |
21.332 |
-- |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
487.766 |
478.067 |
104.453 |
|
Net cash flow from operating activity |
170.162 |
197.698 |
1.034 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
10.56 |
11.26 |
10.99 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
19.65 |
20.18 |
16.39 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
28.44 |
33.34 |
31.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.39 |
0.43 |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.57 |
3.22 |
4.75 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
20.000 |
20.000 |
20.000 |
|
Reserves & Surplus |
1033.245 |
1459.888 |
1985.702 |
|
Net
worth |
1053.245 |
1479.888 |
2005.702 |
|
|
|
|
|
|
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 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
2436.863 |
3837.419 |
5025.910 |
|
|
|
57.474 |
30.971 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
2436.863 |
3837.419 |
5025.910 |
|
Profit |
267.755 |
426.643 |
525.814 |
|
|
10.99% |
11.12% |
10.46% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OPERATIONAL RESULTS:
The Company, during the year has achieved turnover of Rs.4979.897 Million as compared to previous year figure of Rs. 3788.613 Million. The key metric is growth, and on that front the Company has grown steadily. The Directors of the Company anticipate a growing demand for the Company’s services in the current year.
During the year the Company applied for de bonding of its Gurgaon premises and has leased a different location in Gurgaon. The new location has been now registered as a Special Economic Zone unit.
INDEX
OF CHARGES: NO CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
- Furniture and fixtures
- Computer equipments
- Leasehold improvements
- Office equipment
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.66.20 |
|
|
1 |
Rs.98.29 |
|
Euro |
1 |
Rs.72.41 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SUJ |
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 |
|
--PROFITABILITY |
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.