MIRA INFORM REPORT
|
Report No. : |
312045 |
|
Report Date : |
13.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
SCHNEIDER ELECTRIC
IT BUSINESS INDIA PRIVATE LIMITED (w.e.f. 12.09.2012) |
|
|
|
|
Formerly Known
As : |
AMERICAN POWER CONVERSION (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No.187/3 and
188/3, Jigani Industrial Area, Jigani, Bangalore – 562 106, Karnataka |
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|
Country : |
India |
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|
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|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
10.03.1997 |
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|
|
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Com. Reg. No.: |
08-029635 |
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|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.34.710
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109KA1997PTC029635 |
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|
|
TAN No.: |
29150072146 |
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|
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TAN No.: [Tax Deduction &
Collection Account No.] |
BLRA01711D |
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|
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PAN No.: [Permanent Account No.] |
AACCA6398Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is engaged in the manufacturing, selling and trading of
Uninterruptible Power Supply (UPS) systems and accessories. |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (64) |
|
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 49800000 |
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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 company has reported decent profitability during the financial
year 2013-2014. The company has good financial position marked by healthy networth. Trade relations are fair. Business is active. Payments are reported to
be regular and as per commitment. The company can be considered for business dealings at usual trade
terms and condition. |
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 |
|
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
31-03-2014.
LOCATIONS
|
Registered
Office/ Head Office/ Factory 1 : |
Survey No.187/3
and 188/3, Jigani Industrial Area, Jigani, Bangalore – 562 106, Karnataka,
India |
|
Tel. No.: |
91-80-27826025-32/ 27826151-58/ 27812070 |
|
Fax No.: |
91-80-27826022/ 23/ 24 |
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E-Mail : |
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Website : |
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Factory 2 : |
Located at: ·
Himachal Pradesh |
DIRECTORS
As on: 29.12.2014
|
Name : |
Mr. Nikhil Priyavadan Pathak |
|
Designation : |
Managing Director |
|
Address : |
101/102 1st Floor, Building No.5, Garden Enclave, Near
Siddhb Chal Pldhran Road No.5, Thane (West), Thane – 400610, Maharashtra,
India |
|
Date of Birth/Age : |
03.09.1965 |
|
Date of Appointment : |
20.12.2013 |
|
DIN No.: |
01668137 |
|
|
|
|
Name : |
Mr. Javed Ahmad |
|
Designation : |
Director |
|
Address : |
3B, Regency
Heights, Cleveland Road, Fraser Town, Bangalore – 560 005, Karnataka, India |
|
Date of Birth/Age : |
29.01.1967 |
|
Qualification : |
MBA |
|
Date of Appointment : |
10.12.2007 |
|
DIN No.: |
01705373 |
|
PAN No.: |
AENPA6787M |
|
|
|
|
Name : |
Mr. Philippe Charles Andre Arsonneau |
|
Designation : |
Director |
|
Address : |
32, Gender Road, Singapore 309151 |
|
Date of Birth/Age : |
26.08.1967 |
|
Date of Appointment : |
06.03.2013 |
|
Date of cessation : |
13.03.2014 |
|
DIN No.: |
03418847 |
|
|
|
|
Name : |
Pankaj Sharma |
|
Designation : |
Director |
|
Address : |
1 RHU Cross, Singapore |
|
Date of Birth/Age : |
19.02.1973 |
|
Date of Appointment : |
29.12.2014 |
|
DIN No.: |
02669725 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.12.2014
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Schneider Electric IT Corporation, USA |
|
3353560 |
|
American Power Conversion Corporation (APC) BV, Netherlands |
|
2 |
|
Schneider Electric IT France, France |
|
63125 |
|
Schneider Electric IT Singapore Pte. Limited, Singapore |
|
1 |
|
Uniflair Spa, Italy |
|
17200 |
|
Total
|
|
3433888 |
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
Schneider
Electric IT France, France |
|
53546 |
|
Total
|
|
53546 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.12.2014
|
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 : |
The Company is engaged in the manufacturing, selling and trading of
Uninterruptible Power Supply (UPS) systems and accessories. |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS - NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
Not Available |
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Customers : |
Not Available |
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No. of Employees : |
Not Available |
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Bankers : |
Not Available |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
S.R. Batliboi and
Associates Chartered
Accountants |
|
Address : |
12th
and 13th Floor, “UB CITY,” Canberra Block No.24, Vittal Mallya
Road, Bangalore – 560 001, Karnataka, India |
|
Tel. No.: |
91-80-40275000 |
|
Fax No.: |
91-80-22106000 |
|
PAN No.: |
AALFS0506L |
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Ultimate Holding
company: |
Schneider Electric SA, France |
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Holding company: |
Schneider Electric IT Corporation, USA |
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Fellow Subsidiary
company: |
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CAPITAL STRUCTURE
AS ON: 29.12.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14,000,000 |
Equity Shares |
Rs.10/- each |
Rs.140.000 Million |
|
1,000,000 |
Preference Shares |
Rs.10/- each |
Rs.10.000 Million |
|
|
Total |
|
Rs.150.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,433,888 |
Equity Shares |
Rs.10/- each |
Rs.34.339
Million |
|
53,546 |
Preference Shares |
Rs.10/- each |
Rs.0.535
Million |
|
|
Total |
|
Rs.34.874 Million |
AS ON: 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14,000,000 |
Equity Shares |
Rs.10/- each |
Rs.140.000 Million |
|
1,000,000 |
Preference Shares |
Rs.10/- each |
Rs.10.000 Million |
|
|
Total |
|
Rs.150.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,416,688 |
Equity Shares |
Rs.10/- each |
Rs.34.170
Million |
|
53,546 |
Preference Shares |
Rs.10/- each |
Rs.0.540
Million |
|
|
Total |
|
Rs.34.710 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 |
34.710 |
34.710 |
34.710 |
|
(b) Reserves & Surplus |
17387.290 |
16238.290 |
15090.000 |
|
(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) |
17422.000 |
16273.000 |
15124.710 |
|
|
|
|
|
|
(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 |
17.000 |
22.000 |
27.000 |
|
(d) long-term
provisions |
134.000 |
166.000 |
333.000 |
|
Total Non-current Liabilities
(3) |
151.000 |
188.000 |
360.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
58.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
3413.000 |
2453.000 |
2759.290 |
|
(c) Other
current liabilities |
1322.000 |
1054.000 |
972.000 |
|
(d) Short-term
provisions |
947.000 |
973.000 |
409.000 |
|
Total Current
Liabilities (4) |
5740.000 |
4480.000 |
4140.290 |
|
|
|
|
|
|
TOTAL |
23313.000 |
20941.000 |
19625.000 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
2530.000 |
2563.000 |
2634.000 |
|
(ii) Intangible
Assets |
20.000 |
12.000 |
5.000 |
|
(iii)
Capital work-in-progress |
26.000 |
8.000 |
39.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
5000.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
112.000 |
22.000 |
17.000 |
|
(d) Long-term Loan and Advances |
4654.000 |
7444.000 |
5103.000 |
|
(e) Other
Non-current assets |
10.000 |
5.000 |
5.000 |
|
Total Non-Current
Assets |
12352.000 |
10054.000 |
7803.000 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
3992.000 |
3221.000 |
3371.000 |
|
(c) Trade
receivables |
4774.000 |
3921.000 |
4114.000 |
|
(d) Cash and
cash equivalents |
1012.000 |
2493.000 |
2475.000 |
|
(e)
Short-term loans and advances |
828.000 |
592.000 |
1454.000 |
|
(f) Other
current assets |
355.000 |
660.000 |
408.000 |
|
Total
Current Assets |
10961.000 |
10887.000 |
11822.000 |
|
|
|
|
|
|
TOTAL |
23313.000 |
20941.000 |
19625.000 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
21135.000 |
21525.000 |
22415.000 |
|
|
|
Other Income |
20.000 |
350.000 |
217.000 |
|
|
|
TOTAL |
21155.000 |
21875.000 |
22632.000 |
|
|
|
|
|
|
|
|
|
TOTAL EXPENSES |
18950.000 |
19484.000 |
19351.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
2205.000 |
2391.000 |
3281.000 |
|
|
|
|
|
|
|
|
|
|
TAX |
1048.000 |
1243.000 |
922.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
1157.000 |
1148.000 |
2359.000 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
16088.000 |
14940.000 |
12581.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
17245.000 |
16088.000 |
14940.000 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
FOB value of exports |
13293.000 |
|
17079.000 |
|
|
|
Software development and design services |
927.000 |
767.000 |
|
|
|
|
Sales of Fixed Assets |
10.000 |
11.000 |
|
|
|
TOTAL EARNINGS |
14230.000 |
15442.000 |
17079.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
7293.000 |
7970.000 |
8756.000 |
|
|
|
Capital Goods |
192.000 |
170.000 |
|
|
|
TOTAL IMPORTS |
7485.000 |
8140.000 |
8756.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
333.41 |
330.74 |
679.78 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
5.47 |
5.33 |
10.52 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.13 |
11.43 |
16.77 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.15 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.91 |
2.43 |
2.86 |
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 |
34.710 |
34.710 |
34.710 |
|
Reserves & Surplus |
15090.000 |
16238.290 |
17387.290 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
15124.710 |
16273.000 |
17422.000 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
58.000 |
|
Total borrowings |
0.000 |
0.000 |
58.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.003 |
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 |
22415.000 |
21525.000 |
21135.000 |
|
|
|
(3.971) |
(1.812) |
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 |
22415.000 |
21525.000 |
21135.000 |
|
Profit |
2359.000 |
1148.000 |
1157.000 |
|
|
10.52% |
5.33% |
5.47% |
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 |
No |
|
10] |
Designation of contact person |
No |
|
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 |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
FINANCIAL RESULTS:
The Company was able to make satisfactory performance during the year ended on 31.03.2014. The gross revenue from operations for the year has been Rs. 21,135 million which was mainly generated from sale of products of the Company. The Company was able to generate other income for an amount of Rs. 20 million during the year, which is included in the total income. The total expenditure for the year has been Rs. 18,950 million. The net profit of the Company for the year ended on 31.03.2014 has been Rs. 1,157 million.
CORPORATE INFORMATION:
Schneider Electric IT Business India Private Limited (the Company) was
incorporated on 10 March 1997 as a private limited Company under the Companies
Act, 1956 (the Act). The name of the Company has been changed from American
Power Conversion (India) Private Limited to Schneider Electric IT Business
India Private Limited on 12 September 2012. The Company is a wholly owned
subsidiary of Schneider Electric IT Corporation, USA ("Parent
Company"). In February 2007, Schneider Electric SA, France, acquired
Schneider Electric IT Corporation, USA and consequently, it has become the
ultimate holding company.
The Company is engaged in the manufacture, sale and trading of
Uninterruptible Power Supply (UPS) systems and accessories and has its
manufacturing facilities at Bangalore and Himachal Pradesh. The Company also
provides maintenance and other after sales services in respect of UPS systems
through a network of branches situated across the country.
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY.
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
·
Other
Equipments
·
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.62.57 |
|
|
1 |
Rs.93.57 |
|
Euro |
1 |
Rs.65.95 |
INFORMATION DETAILS
|
Analysis done
by: |
SUC |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
|
64 |
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.