MIRA INFORM REPORT
|
Report No. : |
312270 |
|
Report Date : |
14.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
ARUBA NETWORKS INDIA PRIVATE LIMITED [w.e.f.20.03.2007] |
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Formerly Known
As : |
ARUBA WIRELESS NETWORKS INDIA PRIVATE LIMITED |
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Registered
Office : |
Salarpuria Hallmark, Outer Ring Road, Sy. No. 15/3 and 16,
Kadubeesanahalli, Vartur, Hobli, Bangalore – 560103, Karnataka |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
28.11.2005 |
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Com. Reg. No.: |
08-037788 |
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Capital
Investment / Paid-up Capital : |
Rs. 1.000 Million |
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CIN No.: [Company Identification
No.] |
U72200KA2005FTC037788 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
BLRA07526B |
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PAN No.: [Permanent Account No.] |
AAFCA4556M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of develop, deal in, export and
import of all kinds of computer systems like wireless security and mobility
services. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of Aruba Networks Inc., USA. It is an
established company having satisfactory track record. It has decent profit
margin during FY 2014. The rating takes into consideration good networth position and debt
free balance sheet of the company. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company can be considered for business 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 |
|
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.
LOCATIONS
|
Registered Office : |
Salarpuria Hallmark, Outer Ring Road, Sy. No. 15/3 and 16,
Kadubeesanahalli, Vartur, Hobli, Bangalore – 560103, Karnataka, India |
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Tel. No.: |
91-80-33176000 |
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Fax No.: |
91-80-33176060 |
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E-Mail : |
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Website : |
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Overseas Offices : |
Located at: · New York · Canada · Hong Kong · United Kingdom ·
Japan |
DIRECTORS
AS ON 29.09.2014
|
Name : |
Mr. Ava Marie Hahn |
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Designation : |
Director |
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Address : |
3958, Sutherland Dr. Palo Alto, California 94303, United States of
America |
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Date of Birth/Age : |
21.12.1972 |
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Date of Appointment : |
27.09.2013 |
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DIN No.: |
01434195 |
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Other Directorship :
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Name : |
Mr. Michael Miles Galvin |
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Designation : |
Director |
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Address : |
291, S Balsamina WY, Portola Vally CA 94028, United States of America |
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Date of Birth/Age : |
01.09.1965 |
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Date of Appointment : |
28.09.2012 |
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DIN No.: |
05148083 |
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Other Directorship :
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Name : |
Mr. Manoj Wagle |
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Designation : |
Director |
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Address : |
No. 353, 5th Main, Hal 3rd Stage, Bangalore –
560075, Karnataka, India |
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Date of Birth/Age : |
24.08.1967 |
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Qualification : |
M.S. |
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Experience : |
22 Years |
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Date of Appointment : |
28.09.2012 |
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PAN No.: |
AABPW1288R |
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DIN No.: |
05187473 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Nirmala Cecilia Fernandes |
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Designation : |
Principal Technical Writer |
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Name : |
Venkatraju T V |
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Designation : |
Staff Engr. |
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|
Name : |
Anoop Kumaran Nair |
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Designation : |
Sr. Staff Engr |
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Name : |
Dharmendra Kumar |
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Designation : |
India Sales Director |
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Name : |
Anupam Wadhawan |
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Designation : |
Sr. Manager, Engr. |
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Name : |
Ritesh Kapahi |
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Designation : |
Director of Hardware Engr |
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Name : |
Rangaswamy Ramaswamy |
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Designation : |
Sr. Manager, Software |
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Name : |
Joshua Simon |
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Designation : |
Director of Customer Advocacy |
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Name : |
Sudhakar Padavala |
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Designation : |
Dr. Engr., Switching and Convergence |
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Name : |
Srinivas R Joshi |
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Designation : |
Member of Technical Staff |
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Name : |
Anurag Verma |
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Designation : |
Sr. Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Aruba Networks Inc. USA |
|
99999 |
|
Sudhindra H.K. |
|
1 |
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|
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Total |
|
100000 |
AS ON 29.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
99.99 |
|
Directors
or relatives of directors |
0.01 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of develop, deal in, export and
import of all kinds of computer systems like wireless security and mobility
services. |
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Products/ Services : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
-- |
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Countries : |
-- |
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Imports : |
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Products : |
-- |
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Countries : |
-- |
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Terms : |
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Selling : |
-- |
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Purchasing : |
-- |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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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 : |
Narayanan Patil and Ramesh Chartered Accountants |
|
Address : |
1101, World Trade Center, Malleswaram Bangalore – 560055,
Karnataka, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAAFN6836D |
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Holding company : |
Aruba Networks Inc |
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Fellow Subsidiary
company : |
Aruba Networks International Limited |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs. 10/- each |
Rs. 1.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
100,000 |
Equity Shares |
Rs. 10/- each |
Rs. 1.000 Million |
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|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
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|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1.000 |
1.000 |
1.000 |
|
(b) Reserves & Surplus |
352.769 |
232.843 |
158.372 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
353.769 |
233.843 |
159.372 |
|
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
-3.778 |
2.381 |
0.619 |
|
(c)
Other long term liabilities |
7.889 |
5.254 |
3.556 |
|
(d)
long-term provisions |
27.740 |
18.185 |
10.382 |
|
Total
Non-current Liabilities (3) |
31.851 |
25.820 |
14.557 |
|
|
|
|
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(4) Current Liabilities |
|
|
|
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(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
13.249 |
8.118 |
5.773 |
|
(c)
Other current liabilities |
122.199 |
132.504 |
103.251 |
|
(d)
Short-term provisions |
17.784 |
9.294 |
1.128 |
|
Total
Current Liabilities (4) |
153.232 |
149.916 |
110.152 |
|
|
|
|
|
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TOTAL |
538.852 |
409.579 |
284.081 |
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
252.941 |
168.229 |
96.549 |
|
(ii)
Intangible Assets |
5.392 |
3.647 |
1.370 |
|
(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 |
122.759 |
49.525 |
50.714 |
|
(e)
Other Non-current assets |
1.820 |
1.694 |
1.584 |
|
Total
Non-Current Assets |
382.912 |
223.095 |
150.217 |
|
|
|
|
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|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Trade receivables |
27.998 |
3.458 |
21.557 |
|
(d)
Cash and cash equivalents |
84.381 |
145.354 |
101.503 |
|
(e)
Short-term loans and advances |
34.061 |
37.682 |
10.804 |
|
(f)
Other current assets |
9.500 |
(0.010) |
0.000 |
|
Total
Current Assets |
155.940 |
186.484 |
133.864 |
|
|
|
|
|
|
TOTAL |
538.852 |
409.579 |
284.081 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
559.228 [Gross] |
|
|
|
Other Income |
|
|
NA |
|
|
|
TOTAL |
1390.421 |
846.445 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
|
639.381 |
NA |
|
|
|
|
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|
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|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
[Including Depreciation Expenses] |
207.064 |
136.363 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
96.822 |
63.421 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
180.647 |
110.242 |
72.942 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
60.722 |
35.770 |
21.761 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
119.925 |
74.472 |
51.181 |
|
|
|
|
|
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|
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|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
1384.956 |
845.189 |
559.228 |
|
|
|
|
|
|
|
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|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
164.736 |
141.292 |
NA |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1199 |
745 |
511.8 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
33.52 |
26.92 |
25.68 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.51 |
0.47 |
0.46 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.02 |
1.24 |
1.22 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
1.000 |
1.000 |
1.000 |
|
Reserves & Surplus |
158.372 |
232.843 |
352.769 |
|
Net
worth |
159.372 |
233.843 |
353.769 |
|
|
|
|
|
|
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 |
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 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
BACKGROUND OF THE COMPANY
Subject was incorporated on November 28th, 2005. The main object of the
Company is to develop, deal in, export and import of all kinds of computer
systems like wireless security and mobility services. On and from 01st of
December 2007, the company has commenced marketing activities on behalf of
group company Aruba Networks Inc., USA
BUSINESS OPERATIONS
OVERVIEW AND OUTLOOK
The Company was incorporated on 28th November 2005 and its goal is to provide software product
research, development and testing expertise to its parent company. Aruba
Networks Inc. USA and marketing services to Aruba Networks International
Limited Ireland. The Company depicted a significant improvement in its
performance during the year and this success can be attributed to focused operations
excellence, quality and innovation. Aruba Networks India Private Limited has
built a full-fledged and operational testing lab and has undertaken efforts for
training competent personnel who now account for significant testing efforts
for the parent company in the Seventh year of operation. The Company has
commenced marketing activities on behalf of group company Aruba Networks Inc.,
USA in Domestic Market through a separate undertaking with effect from 1st
December 2007. As at the end of the financial period, the Company had recruited
316 employee to provide software product research, development and testing
expertise and 10 employees for marketing services. During the period the
revenue generated from Software Development activities and other income
amounted to INR 1390.421 Millions. The Company has earned a profit of INR
180.646 Millions after adjusting the operational expenses, depreciation and
taxes for the year ended March 31, 2014.
FUTURE PROSPECTS
The Company will continue to service its associate company.
Aruba Networks Inc, USA and Aruba Networks International Limited, Ireland
exclusively in the year to come. The Company will continue to recruit staff
from the skilled labour market at Bangalore and elsewhere in India.
FIXED ASSETS:
· Furniture and fixtures
· Office equipment
· Computer equipments
· Other equipments
· Leasehold improvements
·
Computer software
PRESS RELEASE
HP TO ACQUIRE ARUBA
NETWORKS FOR $2.7 BN
March 03, 2015
HP and Aruba Networks announced a definitive agreement for HP to acquire Aruba, a leading provider of next-generation network access solutions for the mobile enterprise, for $24.67 per share in cash. The equity value of the transaction is approximately $3.0 billion, and net of cash and debt approximately $2.7 billion. Both companies' boards of directors have approved the deal.
Aruba is a Sunnyvale-based industry leader in wireless networking with approximately 1,800 employees. The company had revenues of $729 million in fiscal 2014, and has reported compound annual revenue growth of 30 percent over the last five years.
Aruba boasts a highly regarded innovation engine and specialized sales, marketing and channel model, complementing HP's leading networking business and go-to-market breadth. Together, HP and Aruba will deliver next-generation converged campus solutions, leveraging the strong Aruba brand. This new combined organization will be led by Aruba's Chief Executive Officer Dominic Orr, and Chief Strategy and Technology Officer, Keerti Melkote, reporting to Antonio Neri, leader of HP Enterprise Group. With this move, HP will be uniquely positioned to deliver both the innovation and global delivery and services offerings to meet customer needs worldwide.
With the shift to mobile, enterprise networking needs are exceeding the capabilities of legacy infrastructure. At the same time, organizations are shifting rapidly to mobility-centric workplaces for their employees, guests, customers and students. The next-generation 802.11ac Wi-Fi standard is critical in enabling this trend. This new technology will support the faster speeds and access to cloud applications that end-users expect. Enterprises need comprehensive, integrated and secure networking solutions to help them transition legacy systems to the wireless edge. Today's announcement directly addresses these market trends.
"Enterprises are facing a mobile-first world and are looking for solutions that help them transition legacy investments to the new style of IT," said Meg Whitman, Chairman, President and Chief Executive Officer of HP. "By combining Aruba's world-class wireless mobility solutions with HP's leading switching portfolio, HP will offer the simplest, most secure networking solutions to help enterprises easily deploy next-generation mobile networks."
"Together with HP, we have a tremendous opportunity to become an even greater force in enterprise mobility and networking," said Mr. Orr. "This transaction brings together Aruba's best-of-breed mobility hardware and software solutions with HP's leading switching portfolio. In addition, Aruba's channel partners will have the opportunity to expand their businesses with HP offerings. Together, we will build on Aruba's proven 'customer first, customer last' culture, creating an innovative, agile networking leader ideally positioned to solve our customers' most pressing mobility, security and networking challenges."
HP and Aruba believe that by combining complementary product portfolios and go-to-market approaches they will be able to accelerate revenue growth and strengthen the financial performance of the combined HP Networking business, and create a leading competitor in the $18 billion and growing campus networking sector. Overall, HP expects the acquisition to be accretive to earnings in the first full year following close.
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. 62.67 |
|
|
1 |
Rs. 93.16 |
|
Euro |
1 |
Rs. 66.42 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
46 |
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.