MIRA INFORM REPORT
|
Report No. : |
318902 |
|
Report Date : |
05.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
DELL INTERNATIONAL SERVICES INDIA PRIVATE LIMITED (w.e.f 21.10.2011) DELL INDIA PRIVATE LIMITED AMALGAMATED WITH DELL INTERNATIONAL SERVICES INDIA PRIVATE LIMITED |
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Formerly known
as : |
PEROT SYSTEMS TSI (INDIA) PRIVATE LIMITED |
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Registered
Office : |
Plot No. 123, Epip Phase Ii, Whitefield Industrial Area,
Bangaluru-560066, Karnataka |
|
Tel No. : |
91-80-28419110 |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
21.05.1996 |
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Com. Reg. No.: |
08-055568 |
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Capital
Investment / Paid-up Capital : |
Rs. 210.600 Million |
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CIN No.: [Company Identification
No.] |
U74999KA1996FTC055568 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACH1925Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is provides a wide range of information technology
services |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 63000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is a well-established and reputed company having fine track
record. As per registrar of companies the date of balance sheet (i.e.
financial filed) is shown as 31.03.2014 but documents related to financial
are not available from any source. The rating takes into consideration company’s established track record
of business operations supported by diversified business portfolio and decent
brand name of the company. Rating also takes into consideration decent financial risk profile
backed by experienced management team. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered good for normal business dealings at
usual trade terms and conditions. Note : DELL INDIA PRIVATE LIMITED has been amalgamated with DELL
INTERNATIONAL SERVICES INDIA PRIVTE LIMITED on November 2013 |
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 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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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.
INFORMATION DENIED BY
Management Non Co-operative (Tel No. 91-80-28419110 )
LOCATIONS
|
Registered Office : |
Plot No. 123, Epip Phase Ii, Whitefield Industrial Area,
Bangaluru-560066, Karnataka, India |
|
Tel. No.: |
91-80-24813000 |
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Fax No.: |
91-80-28412857 |
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E-Mail : |
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Corporate Office: |
#12/1, Divyasri Green, Inner Ring Road, Domlur, Bangalore-560071,
Karnataka, India |
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Tel No.: |
91-80-28419110 |
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Fax No.: |
91-80-25357321 |
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Factory : |
No. 7, Road No. 2, EPIP, Whitefield, Bangalore-560048, |
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Tel. No.: |
91-80-8419110 / 8419115 |
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Fax No.: |
91-80-8412582 |
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Area : |
25000 sq. ft. |
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Location : |
Rented |
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Branches : |
Located at: ·
·
Pune ·
Mumbai, ·
·
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DIRECTORS
As on 19.12.2014
|
Name : |
Mr. Vijay Kumar Bharadwaj |
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Designation : |
Managing Director |
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Address : |
87 Palm Meadows, Phase I, Ramgondana Halli, |
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Date of Birth/Age : |
16.04.1955 |
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Date of Appointment : |
14.09.2010 |
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Din No.: |
03177386 |
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Name : |
Mr. Bangalore Ramamurthy Jagadish |
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Designation : |
Whole Time Director |
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Address : |
257, RMV, 2nd Stage, 2nd Block, Sanjay Nagar,
Banglore-560094, Karnataka, India |
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Date of Birth/Age : |
05.12.1963 |
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Date of Appointment : |
18.01.2012 |
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DIN No.: |
05142429 |
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Name : |
Mr. Alok Ohrie |
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Designation : |
Managing Director |
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Address : |
3711 13th F Main 10th Cross, Hal Stage, 11 Indira Nagar, Bangalore –
560008, Karnataka India |
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Date of Birth/Age : |
22.02.1966 |
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Date of Appointment : |
01.05.2013 |
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DIN No.: |
01052136 |
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Other Directorship :
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Name : |
Mr. Ganesh Murthy |
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Designation : |
Whole time Director |
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Address : |
Village No. 271, Palm Meadows Phase, 11 Airport Whitefrllo Road, Ramagondanahalli,
Bangalore -= 560066, Karnataka, India |
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Date of Birth/Age : |
11.02.1962 |
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Date of Appointment : |
22.08.2014 |
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DIN No.: |
011115654 |
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Name : |
Mr. Anand Sankaran |
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Designation : |
Whole time director |
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Address : |
151, Prestize Ozone Whitefield, Varthur Lake, Bangalore – 560066,
Karnataka, India |
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Date of Birth/Age : |
09.06.1967 |
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Date of Appointment : |
22.05.2014 |
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DIN No. : |
02788107 |
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KEY EXECUTIVES
|
Name : |
Mr. Manchinahalli Ramachnndra Suresh |
|
Designation : |
Secretary |
|
Address : |
No. 30 5th Main 13rd Crodd, V Block, Jayanagar, Bangalore –
560041, Karnataka, India |
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Date of Birth/Age : |
07.07.1967 |
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Date of Appointment : |
22.08.2014 |
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PAN no. : |
ABPPS0374P |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 19.12.2014
|
Names of Shareholders |
|
No. of Shares |
|
Perot Systems TSI (Mauritius), Mauritius |
|
55016995 |
|
Dell International LLC, USA |
|
36200016 |
|
Dell International Holidays VIII B. V., Nertherlands |
|
16 |
|
Perot Systems Investments B. V., Nertherlands |
|
14066850 |
|
Perot System B. V., Nertherlands |
|
150 |
|
|
|
|
|
Total |
|
105284027 |
As on 19.12.2014
Equity Share Break up (Percentage of Total Equity)
|
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 provides a wide range of information technology
services |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
Not Divulged |
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Facilities : |
(Rs. In Million)
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Auditors : |
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Name : |
Price Waterhouse and Company Chartered Accountants |
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Address : |
Building 8,Tower B, 8TH Floor, DLF Cyber City, Gurgaon, Haryana, India |
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PAN No.: |
AADFP9359C |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Ultimate Holding
Company : |
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Subsidiaries : |
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Fellow subsidiaries
: |
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CAPITAL STRUCTURE
As on 19.12.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
105584910 |
Equity Shares |
Rs.02/- each |
Rs. 211.170 Million |
|
3883018 |
Preference Share |
Rs.10/- each |
Rs. 38.830 Million |
|
|
|
TOTAL |
Rs. 250.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
105284027 |
Equity Shares |
Rs.02/- each |
Rs. 210.568
Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
210.600 |
210.600 |
110.000 |
|
(b) Reserves & Surplus |
21663.900 |
19065.900 |
17048.900 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
38.800 |
38.800 |
139.400 |
|
Total Shareholders’
Funds (1) + (2) |
21913.300 |
19315.300 |
17298.300 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
119.600 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
39.900 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
916.900 |
|
(d) long-term
provisions |
1136.900 |
723.500 |
0.000 |
|
Total Non-current
Liabilities (3) |
1256.500 |
723.500 |
956.800 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
930.000 |
1057.000 |
2091.900 |
|
(c) Other
current liabilities |
1602.800 |
2630.000 |
1426.500 |
|
(d) Short-term
provisions |
194.300 |
240.600 |
339.300 |
|
Total Current
Liabilities (4) |
2727.100 |
3927.600 |
3857.700 |
|
|
|
|
|
|
TOTAL |
25896.900 |
23966.400 |
22112.800 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
3984.300 |
3435.500 |
3674.400 |
|
(ii)
Intangible Assets |
23.900 |
18.700 |
25.100 |
|
(iii)
Capital work-in-progress |
832.900 |
401.600 |
130.800 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
703.900 |
703.900 |
703.900 |
|
(c) Deferred tax assets (net) |
946.000 |
904.800 |
1044.100 |
|
(d) Long-term Loan and Advances |
2249.300 |
1925.000 |
3088.400 |
|
(e) Other
Non-current assets |
0.000 |
0.200 |
20.200 |
|
Total Non-Current
Assets |
8740.300 |
7389.700 |
8686.900 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
5746.500 |
4599.000 |
4032.300 |
|
(d) Cash
and cash equivalents |
8631.000 |
9014.300 |
5200.700 |
|
(e)
Short-term loans and advances |
403.300 |
1025.300 |
2085.100 |
|
(f) Other
current assets |
2375.800 |
1938.100 |
2107.800 |
|
Total
Current Assets |
17156.600 |
16576.700 |
13425.900 |
|
|
|
|
|
|
TOTAL |
25896.900 |
23966.400 |
22112.800 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
25,712.500 |
26892.700 |
22709.700 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
21,518.900 |
22351.400 |
19465.100 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
4,193.600 |
4541.300 |
3244.600 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
27.900 |
443.800 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
4,165.700 |
4097.500 |
3244.600 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1,567.700 |
2080.500 |
(231.300) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2,598.000 |
2017.000 |
3475.900 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Application Solution and Infrastructure Support |
12857.400 |
13621.700 |
11676.400 |
|
|
|
Call Center Services |
6494.400 |
6909.900 |
7577.000 |
|
|
|
Shares Services |
2089.800 |
1954.400 |
1752.100 |
|
|
|
Data Management Services |
1944.200 |
1648.900 |
1500.900 |
|
|
TOTAL EARNINGS |
23385.800 |
24134.900 |
22506.400 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
24.94 |
23.37 |
33.01 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
10.10 |
7.50 |
15.31 |
|
|
|
|
|
|
|
Operating Profit Margin (PBITD/Sales) |
(%) |
16.31 |
16.89 |
14.29 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.79 |
18.66 |
16.04 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.21 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.01 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.29 |
4.22 |
3.48 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
110.000 |
210.600 |
210.600 |
|
Reserves & Surplus |
17048.900 |
19065.900 |
21663.900 |
|
Share Application money
pending allotment |
139.400 |
38.800 |
38.800 |
|
Net
worth |
17298.300 |
19315.300 |
21913.300 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
119.600 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
119.600 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.005 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
22709.700 |
26892.700 |
25712.500 |
|
|
|
18.419 |
-4.389 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
22709.700 |
26892.700 |
25712.500 |
|
Profit |
3475.900 |
2017.000 |
2598.000 |
|
|
15.31% |
7.50% |
10.10% |
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 |
Yes |
|
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 |
No |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
LITIGATION DETAIL
|
High Court of
Karnataka -Bangalore |
Bench COP 188/2012 |
|||||
|
WOOD KRAFT (INDIA) LIMITED |
Respondent/Defnt.
Name |
DELL INTERNATIONAL SERVICES INDIA PRIVATE LIMITED |
||||
|
Petnr./Appnt.
Advocate |
G S SRINIVAS (NOC) |
Respnt./Defnt.
Advocate |
PRASHANTH POPAT |
|||
|
Date Filed |
07/09/2012 |
Classification |
District |
Mysore |
||
|
|
|
|
|
|
|
|
|
|
Last Posted For |
ADMISSION |
|
|
||
|
Last Action Taken |
ADJOURNED |
Last Date of Action |
09/04/02015 |
Next Hearing Date |
||
|
Latest Order |
2 WEEKS TIME GRANTED |
|||||
|
Before Hon'ble
Judge/s |
A.S.BOPANNA |
|||||
GENERAL INFORMATION
Subject is provides a wide range of information technology services commonly referred to as IT & ITES services and business solutions primarily to dell group entities and other customers in the United States of America, East Midland and Europe and Asia Pacific region. The Company offers integrated solutions designed around their specific business objectives, and these services include applications services, business solutions services, infrastructure services, call center services, back office shared services and data management services.
AMALGAMATION
As part of the rationalization of legal entities in India for the Dell group, it is proposed to amalgamate some of the Indian legal entities into Dell International Services India Private Limited (DISIPL), a company incorporated under the Companies Act, 1956, and having its Registered Office at Bangalore in the State of Karnataka. The amalgamation will be through the High Court process and an application to this effect is made on September 18, 2013. The proposed amalgamation helps integrate the business operations resulting in operational efficiency and economic benefits and augurs wells for greater market benefits and increased customer loyalty.
The Appointed date of this amalgamation is April 1, 2013 and the entities that are covered under this scheme of merger are:
i. Dell India Private Limited
ii. Gale Networks Private Limited
iii. Force10 Networks India Private Limited
iv. Wyse Technology Sales & Marketing India Private Limited
v. Wyse Technology Software Development India Private Limited
vi. SonicWALL Infosecurity Private Limited
vii. SonicWALL B.V. - India Branch office
DEMERGER
With an intention to rationalize its business model and to carry on its business more effectively and economically, it is decided by the management of Dell International Services India Private Limited (DISIPL), to transfer the Data Management Services / BPO Services unit to Dell India (Sales & Marketing) Private Limited (DISMPL), a company incorporated in the year 2011 under Companies Act, 1956. The Appointed date of this demerger is April 1, 2013 and the application to the High Court was filed on September 6, 2013.
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
·
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.63.58 |
|
|
1 |
Rs.97.99 |
|
Euro |
1 |
Rs.70.53 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ART |
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 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
54 |
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.