MIRA INFORM REPORT
|
Report No. : |
328092 |
|
Report Date : |
22.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
XL INDIA BUSINESS SERVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
FF-101, G-11 Sarine's Sonia Sadan, Community Centre, Vikas Puri, New
Delhi – 110018, Delhi |
|
Tel. No.: |
91-80-42524500 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
04.11.2003 |
|
|
|
|
Com. Reg. No.: |
55-122912 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 45.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74140DL2003PTC122912 |
|
|
|
|
IEC No.: |
0503075655 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACX0309A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject engaged into providing IT-enabled services to its associated
enterprises. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2500000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated during the year 2003,
it is a subsidiary of “XL Swiss Holdings Limited, Switzerland”. It is dealing
into insurance products and services. It has a satisfactory track record. For the financial year 2014, the company has healthy operational
performance and it has good top line growth along with profitability margin
of 9.9%. Rating also reflects strong financial risk profile backed by adequate
net worth base and zero debt balance sheet profile of the company. Company also receives strong financial and managerial support from its
holding company. Trade relations are reported as fair. Payments terms are usually
correct. In view of decent financial base with healthy operational profile, 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 – 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
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
31-03-2013.
INFORMATION DECLINED
Management non-cooperative (91-80-42524500/124-4757500)
LOCATIONS
|
Registered Office : |
FF-101, G-11 Sarine's Sonia Sadan, Community Centre, Vikas Puri, New
Delhi – 110018, Delhi, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
Vrindavan Tech Village Outer Ring Road, Building 2B Tower 3, Phase 1,
5th Floor Bengaluru-560103, Karnataka, India |
|
Tel. No.: |
91-80-42524500 |
|
Fax No.: |
91-80-42524567 |
DIRECTORS
As on 30.09.2014
|
Name : |
Philippe Jacques Andre Lutgen |
|
Designation : |
Director |
|
Address : |
76 Staveley Road, Chiswick, London, W43HU, United Kingdom |
|
Date of Birth/Age : |
29.03.1965 |
|
Date of Appointment : |
30.09.2010 |
|
DIN No.: |
02889369 |
|
|
|
|
Name : |
Mr. Shobhit Rattan Gandhi |
|
Designation : |
Alternate Director |
|
Address : |
588 Double Storey, New Rajinder Nagar, New Delhi-110060, Delhi, India |
|
Date of Birth/Age : |
31.12.1970 |
|
Date of Appointment : |
01.06.2012 |
|
DIN No.: |
02110977 |
|
|
|
|
Name : |
Jean Luc Eugene Allard |
|
Designation : |
Director |
|
Address : |
The Hylands, 71 Dorking Road, Epsom, Surrey, London, KT187JU, United
Kingdom |
|
Date of Birth/Age : |
31.03.1959 |
|
Date of Appointment : |
30.09.2009 |
|
DIN No.: |
02694956 |
|
|
|
|
Name : |
Markus Walter Stiefel |
|
Designation : |
Director |
|
Address : |
Hirschweg 7, Seuzach, Switzerland, 8472, Switzerland |
|
Date of Birth/Age : |
17.12.1966 |
|
Date of Appointment : |
30.09.2009 |
|
DIN No.: |
02756680 |
|
|
|
|
Name : |
John William Hume |
|
Designation : |
Director |
|
Address : |
Woodside, 7, Admiral Way, Kings Hill, West Malling, Kent, ME194NT,
United Kingdom |
|
Date of Birth/Age : |
17.05.1952 |
|
Date of Appointment : |
30.09.2009 |
|
DIN No.: |
02489990 |
|
|
|
|
Name : |
Amit Kumar Gupta |
|
Designation : |
Alternate director |
|
Address : |
Flat No. 8541, Sector-C,, Pocket - 8,, Vasant Kunj, 110070, Delhi,
INDIA |
|
Date of Birth/Age : |
19.06.1979 |
|
Date of Appointment : |
23.06.2010 |
|
DIN No.: |
03107319 |
|
|
|
|
Name : |
Willard Myron Hendry Jr |
|
Designation : |
Director |
|
Address : |
3007, Nela Ave Orlando, Florida, 32809, , United States of America |
|
Date of Birth/Age : |
09.10.1948 |
|
Date of Appointment : |
30.09.2011 |
|
DIN No.: |
03475870 |
|
|
|
|
Name : |
Stephen John Henry Robb |
|
Designation : |
Director |
|
Address : |
3, High Knoll Lane, Smiths, Bermuda, HS01, Bermuda |
|
Date of Birth/Age : |
05.08.1970 |
|
Date of Appointment : |
21.10.2011 |
|
DIN No.: |
05104295 |
|
|
|
|
Name : |
Jonathan Francis Ibbott |
|
Designation : |
Director |
|
Address : |
The Stewards House, 28 High Street,, Collyweston, Stamford,
Lincolnshire, PE93PW, United Kingdom |
|
Date of Birth/Age : |
10.03.1971 |
|
Date of Appointment : |
28.09.2012 |
|
DIN No.: |
05209810 |
KEY EXECUTIVES
|
Name : |
Ms. Swati Saxena |
|
Designation : |
Secretary |
|
Address : |
C-94, Classic Apartments, Plot 11, Sector-22, Dwarka, New
Delhi-110077, Delhi, India |
|
Date of Birth/Age : |
14.11.1980 |
|
Date of Appointment : |
06.09.2012 |
|
PAN No.: |
BAGPS4022M |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
XL Swiss Holdings Limited, Switzerland |
|
4499999 |
|
XL Services Switzerland Limited. Switzerland |
|
1 |
|
Total |
|
4500000 |
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 : |
Subject engaged into providing IT-enabled services to its
associated enterprises. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
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 : |
|
|
Auditors : |
|
|
Name : |
Price Waterhouse and Co Chartered Accountants |
|
Address : |
Building 8, 7th and 8th Floor, Tower - B,, DLF Cyber City , Gurgaon, Haryana-122002, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFD3632P |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Ultimate Holding company: |
XL Group plc, Ireland |
|
|
|
|
Holding company : |
XL Swiss Holdings Limited, Switzerland* |
|
|
|
|
Associates : |
· XLIT Limited, Cayman · XL Company Switzerland GmbH, Switzerland · EXEL Holdings Limited, Cayman · XL Insurance (Bermuda) Ltd, Bermuda · XL (SPECIALTY) S.a.r.l., Luxembourg · XL (WESTERN EUROPE) S.a.r.l., Luxembourg |
|
|
|
|
Fellow Subsidiaries
: |
· XL Services Switzerland AG, Switzerland · XL Services UK Limited, UK · XL Global Services, Inc., Delaware · XL Insurance Company SE (XL Capital Ltd.) · XL ICL Netherland Branch · XL ICL Austria Branch · XLIT Ltd-Singapore Branch |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,500,000 |
Equity Shares |
Rs.10/- each |
Rs. 45.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,500,000 |
Equity Shares |
Rs.10/- each |
Rs. 45.000
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 |
45.000 |
45.000 |
45.000 |
|
(b) Reserves & Surplus |
845.201 |
679.766 |
552.072 |
|
(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) |
890.201 |
724.766 |
597.072 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
200.679 |
133.444 |
87.402 |
|
Total Non-current
Liabilities (3) |
200.679 |
133.444 |
87.402 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
66.227 |
30.414 |
49.807 |
|
(c) Other
current liabilities |
28.149 |
87.845 |
19.526 |
|
(d) Short-term
provisions |
116.956 |
96.878 |
74.037 |
|
Total Current
Liabilities (4) |
211.332 |
215.137 |
143.370 |
|
|
|
|
|
|
TOTAL |
1302.212 |
1073.347 |
827.844 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
298.844 |
55.194 |
41.348 |
|
(ii)
Intangible Assets |
0.269 |
0.728 |
1.186 |
|
(iii)
Capital work-in-progress |
0.000 |
173.430 |
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) |
89.188 |
57.517 |
45.781 |
|
(d) Long-term Loan and Advances |
72.007 |
65.757 |
42.869 |
|
(e) Other
Non-current assets |
2.670 |
2.681 |
0.760 |
|
Total Non-Current
Assets |
462.978 |
355.307 |
131.944 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
612.095 |
335.043 |
256.596 |
|
(d) Cash
and cash equivalents |
137.863 |
312.368 |
298.779 |
|
(e) Short-term
loans and advances |
52.896 |
56.241 |
52.141 |
|
(f) Other
current assets |
36.380 |
14.388 |
88.384 |
|
Total
Current Assets |
839.234 |
718.040 |
695.900 |
|
|
|
|
|
|
TOTAL |
1302.212 |
1073.347 |
827.844 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
1660.586 |
1166.762 |
892.077 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
1319.632 |
954.308 |
732.366 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
340.954 |
212.454 |
159.711 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
340.954 |
212.454 |
159.711 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
82.425 |
26.887 |
20.121 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
258.529 |
185.567 |
139.590 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
93.094 |
57.873 |
42.814 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
165.435 |
127.694 |
96.776 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
679.766 |
552.072 |
455.296 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
845.201 |
679.766 |
552.072 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
36.76 |
28.38 |
21.50 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
9.96 |
10.94 |
10.85 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
20.53 |
18.21 |
17.90 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
21.31 |
22.03 |
17.85 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29 |
0.26 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.97 |
3.34 |
4.85 |
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 |
45.000 |
45.000 |
45.000 |
|
Reserves & Surplus |
552.072 |
679.766 |
845.201 |
|
Net
worth |
597.072 |
724.766 |
890.201 |
|
|
|
|
|
|
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) |
|
Sales |
892.077 |
1166.762 |
1660.586 |
|
|
|
30.792 |
42.324 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
892.077 |
1166.762 |
1660.586 |
|
Profit |
96.776 |
127.694 |
165.435 |
|
|
10.85% |
10.94% |
9.96% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
Yes |
|
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 |
INDEX
OF CHARGES NO CHARGES EXIST FOR COMPANY
GENERAL INFORMATION
Subject was incorporated on November 4, 2003 to provide IT-enabled services to its associated enterprises. XL India is established as a 100 percent Export Oriented Unit under the Software Technology Park Scheme to carry on the business of providing business services, data processing, data analysis, computational services, actuarial services, data collation, report preparation, reconciliation, property/Casualty underwriting, reinsurance administration and operations investment reconciliation and reporting, outside India.
FIXED ASSETS
- Furniture and fixtures
- Office equipment
- Vehicles
- Leasehold improvements
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.63.82 |
|
|
1 |
Rs.101.25 |
|
Euro |
1 |
Rs.72.36 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
52 |
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.