MIRA INFORM REPORT

 

 

Report No. :

343016

Report Date :

01.10.2015

 

IDENTIFICATION DETAILS

 

Name :

QUALCOMM INDIA PRIVATE LIMITED

 

 

Registered Office :

Unit No.201, 2nd Floor, Tolstoy House, 15 Tolstoy Marg, New Delhi – 110001

Tel. No.:

91-11-43061881

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

08.03.1996

 

 

Com. Reg. No.:

11-076991

 

 

Capital Investment / Paid-up Capital :

Rs.365.758 Million

 

 

CIN No.:

[Company Identification No.]

U64202DL1996PTC076991

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

DELQ00310C

 

 

PAN No.:

[Permanent Account No.]

AAACQ0231C

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject is engaged in the business of providing software development, chip design and marketing support services.

 

 

No. of Employees :

Information declined by the management

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A (66)

 

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 23000000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated on 8th March, 1996. It is wholly owned subsidiary of QUALCOMM Mauritius Holdings Limited. It has fine track record.

 

The company possesses a healthy financial risk profile marked by healthy networth base and good profitability.

 

Trade relations are reported as fair. Business is active. Payment terms are reported to be regular and as per commitments.

 

The company can be considered normal for business dealings at usual trade terms and conditions.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

EXTERNAL AGENCY RATING

 

 

Rating Agency Name

Not Available

Rating

Not Available

Rating Explanation

Not Available

Date

Not Available

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2015.

 

 

INFORMATION DENIED

 

Management Non-Cooperative (Tel No.: 91-22-67041400)

 

 

LOCATIONS

 

Registered Office :

Unit No.201, 2nd Floor, Tolstoy House, 15 Tolstoy Marg, New Delhi – 110001, India

Tel. No.:

91-11-43061881

Fax No.:

91-11-43061884

E-Mail :

deepee@qti.qualcomm.com

ssomani@qualcomm.com

Website :

http://www.spiketech.com

 

 

Branch Office:

Building No 8, 5th Floor, Mind Space, Raheja It Park, Hitec City, Madhpur, Hyderabad – 500081, Telangana, India

 

 

DIRECTORS

 

As on 30.09.2013

 

Name :

Mr. Shashidhar Reddy Muthukuru

Designation :

Whole Time Director

Address :

C-14, Stone Valley Apartments Road, No.4, Banjara Hills, Hyderabad – 500034, Telangana, India

Date of Birth/Age :

01.11.1964

Date of Appointment :

30.09.2014

DIN No.:

03428618

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U64202DL1996PTC076991

QUALCOMM INDIA PRIVATE LIMITED

Whole-time director

30/09/2014

14/03/2011

-

Active

NO

2

U72200TN2007FTC065098

Atheros Communications India Private Limited

Additional director

28/08/2015

28/08/2015

-

Active

NO

 

 

Name :

Mr. Sanjay Mehta

Designation :

Director

Address :

12721, Camarena Drive, Sandiago – 92130, California

Date of Birth/Age :

05.09.1968

Date of Appointment :

30.09.2013

DIN No.:

06623795

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U72200TN2007FTC065098

Atheros Communications India Private Limited

Director

14/11/2013

15/07/2013

-

Active

NO

2

U64202DL1996PTC076991

QUALCOMM INDIA PRIVATE LIMITED

Director

30/09/2013

31/07/2013

-

Active

NO

 

 

Name :

Mr. Daaman Hejmadi

Designation :

Whole Time Director

Address :

No.301, Water Vo;;e, Ramagondanahalli White Field, Bangalore – 560066, Karnataka, India

Date of Birth/Age :

27.02.1966

Date of Appointment :

30.09.2014

DIN No.:

02533882

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U64201KA2003PTC032927

QUALPHONE COMMUNICATIONS PRIVATE LIMITED

Additional director

20/02/2009

20/02/2009

-

Under liquidation

NO

2

U64202DL1996PTC076991

QUALCOMM INDIA PRIVATE LIMITED

Whole-time director

30/09/2014

14/03/2011

-

Active

NO

3

U72200TN2007FTC065098

Atheros Communications India Private Limited

Director

14/11/2013

15/07/2013

-

Active

NO

 

 

Name :

Mr. Daniel Philip Welch

Designation :

Additional Director

Address :

14634, Caminito Lazanja, San Diego - 92127, , United States Of America

Date of Appointment :

12.06.2015

DIN No.:

07168344

 

 

Name :

Mr. Sunil Moti Lalvani

Designation :

Whole-Time Director

Address :

A-602, Bldg.B-2, Mahindra Eminente, S V Road,, Nr.Patkar College, Goregaon West, Mumbai - 400062, Maharashtra, India

Date of Appointment :

28.08.2015

DIN No.:

07273017

 

KEY EXECUTIVES

 

Name :

Mr. D Premachandaran

Designation :

Secretary

Address :

Flat 301, Pristine Retreat, 2nd Main BM Kaval Michael Palaya Hal, 3rd Stage, Bangalore – 560075, Karnataka, India

Date of Birth/Age :

15.05.1951

Date of Appointment :

16.09.2011

PAN No.:

AAAPP2119B

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2013

 

Names of Shareholders

 

No. of Shares

Qualcomm Mauritius Holdings Limited, Mauritius

 

36475790

Qualcomm Incorporated, California

 

10

Spike Technologies LLC, USA

 

99998

Qualcomm Global Trading Pte. Limited, Singapore

 

2577565

Total

 

39153363

 

 

As on 30.09.2013

 

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 engaged in the business of providing software development, chip design and marketing support services.

 

 

Products :

Description of Product or Service

ITC Code

Software Development Agencies

99831413

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

 

PRODUCTION STATUS NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

Information declined by the management

 

 

Bankers :

Bank Name

Not Divulged

Branch

Not Divulged

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

(Rs. In Million)

Secured Loan

As on

31.03.2013

As on

31.03.2012

LONG-TERM BORROWINGS

 

 

Other loans and advances

64.000

41.080

Total

64.000

41.080

 

 

 

Auditors :

 

Name :

Lovelock and Lewes

Chartered Accountants

Address :

5th Floor, Tower D, The Millenia 1 and 2 Murphy Road, Ulsoor Bangalore – 560008, Karnataka, India

PAN N Income-tax PAN of auditor or auditor's firm :

AABFL5878L

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Ultimate Holding Company :

QUALCOMM Incorporated, USA

 

 

Holding Company :

QUALCOMM Mauritius Holdings Limited

 

 

Fellow Subsidiary with whom transactions have taken place during the year :
  • QUALCOMM Global Trading, Inc.
  • Qualcomm Global Trading Pte. Limited
  • Qualcomm Atheros Technology Limited
  • QUALCOMM International, Inc.
  • Qualcomm Innovation Center, Inc.
  • QUALCOMM Flarion Technologies, Inc.
  • QUALCOMM (UK) Limited
  • Qualcomm Technologies, Inc.
  • Qualcomm Life, Inc.
  • Atheros Communications India Private Limited
  • Atheros India, LLC
  • QUALCOMM Global Services, Inc.

 

 

CAPITAL STRUCTURE

 

As on 30.09.2013

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

144576000

Equity Shares

Rs.10/- each

Rs.1445.760 Million

6620750

Preference Shares

Rs.100/- each

Rs.662.075 Million

 

Total

 

Rs.2107.835 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

39153363

Equity Shares

Rs.10/- each

Rs.391.534 Million

 

 

 

 

 

 

As on 31.03.2013

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

36576000

Equity Shares

Rs.10/- each

Rs.365.760 Million

6620750

Preference Shares

Rs.100/- each

Rs.662.075 Million

 

Total

 

Rs.1027.835 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

36575798

Equity Shares

Rs.10/- each

Rs.365.758 Million

 

 

 

 

 

 

 

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

365.758

1027.833

1027.840

(b) Reserves & Surplus

7830.080

6270.220

5086.050

(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)

8195.838

7298.053

6113.890

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

64.000

41.080

19.590

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

0.000

92.160

102.450

(d) long-term provisions

117.850

29.780

27.890

Total Non-current Liabilities (3)

181.850

163.020

149.930

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

401.850

(b) Trade payables

1194.800

464.130

599.040

(c) Other current liabilities

3219.600

749.230

327.890

(d) Short-term provisions

90.780

273.210

39.610

Total Current Liabilities (4)

4505.180

1486.570

1368.390

 

 

 

 

TOTAL

12882.868

8947.643

7632.210

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

6266.910

3323.040

2518.760

(ii) Intangible Assets

190.720

185.720

162.910

(iii) Capital work-in-progress

38.608

75.483

82.590

(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)

2374.240

1729.490

1240.920

(d)  Long-term Loan and Advances

465.710

303.090

203.220

(e) Other Non-current assets

72.500

0.000

11.860

Total Non-Current Assets

9408.688

5616.823

4220.260

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

1421.640

1225.370

1318.650

(d) Cash and cash equivalents

1649.640

2019.640

1523.180

(e) Short-term loans and advances

397.590

83.720

569.210

(f) Other current assets

5.310

2.090

0.910

Total Current Assets

3474.180

3330.820

3411.950

 

 

 

 

TOTAL

12882.868

8947.643

7632.210

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

 

 

 

 

 

SALES/OTHER INCOME

16736.000

11358.000

7947.000

 

 

 

 

 

Less

TOTAL EXPENSES

 

 

 

 

 

                                   

10450.000

6527.000

4777.000

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION

6286.000

4831.000

3170.000

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION

4112.000

3080.000

2083.000

 

 

 

 

 

 

PROFIT BEFORE TAX

2174.000

1751.000

1087.000

 

 

 

 

 

Less

TAX                             

614.000

567.000

(212.000)

 

 

 

 

 

 

PROFIT AFTER TAX

1560.000

1184.000

1299.000

 

 

 

 

 

 

Transfer to capital Redemption reserve

(662.000)

0.000

0.000

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

5814.000

4630.000

3331.000

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

6712.000

5814.000

4630.000

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

TOTAL EARNINGS

739.000

577.000

549.000

 

 

 

 

 

 

CIF VALUE OF IMPORTS

6601.000

3849.000

1361.000

 

 

 

 

 

 

Earnings Per Share (Rs.)

42.65

27.41

NA

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2013

31.03.2012

31.03.2011

Current Maturities of Long term debt

NA

NA

NA

Cash generated from operations

NA

NA

NA

Net cash flow from operating activity

7386.470

4828.960

2563.840

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2013

31.03.2012

31.03.2011

Net Profit Margin

(PAT / Sales)

(%)

9.32

10.42

16.35

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

20.76

24.51

17.23

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.27

0.24

0.18

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.01

0.01

0.07

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

0.77

2.24

2.49

 

 

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

1027.840

1027.833

365.758

Reserves & Surplus

5086.050

6270.220

7830.080

Net worth

6113.890

7298.053

8195.838

 

 

 

 

long-term borrowings

19.590

41.080

64.000

Short term borrowings

401.850

0.000

0.000

Total borrowings

421.440

41.080

64.000

Debt/Equity ratio

0.069

0.006

0.008

 

 

 

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)

Sales

7947.000

11358.000

16736.000

 

 

42.922

47.350

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2011

31.03.2012

31.03.2013

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

7947.000

11358.000

16736.000

Profit

1299.000

1184.000

1560.000

 

16.35%

10.42%

9.32%

 

 

 

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

No

21

Banking facility details

Yes

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

No

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

 

 

GENERAL INFORMATION

 

Subject is a subsidiary of Qualcomm Incorporated, the ultimate parent company and the Company is engaged in the business of providing software development, chip design and marketing support services to the ultimate parent company and certain of its subsidiaries.

 

 

OPERATIONS

 

The Company is engaged in the business of providing software development, hardware design (Boards and Chip sets) and marketing support services relating to developing, enhancing, and designing the next generation wireless chipsets of LTE/UMTS/WCDMA and CDMA2000 technology to its customers. The Company also carries out design, development and testing activities for enhancement and improvement of Qualcomms existing 4G/3G/2G products. It also contributes in the diversification of wireless into new segments by bringing a legacy of success with mobile Internet connectivity to laptop PCs, consumer electronics, and Mobile computing devices. The Company commenced its commercial operation as a Software Technology Park Unit at Hyderabad and Bangalore. During the year the Company extended its operations also to Chennai. During the period, the Company has earned service income to the extent of Rs.16569.000 (Million) against Rs.11018.000 (Million) in the previous year.

 

Effective from the Financial year 2011-12 the entire profits are subject to full tax rates due to withdrawal of tax exemption earlier available to Industrial establishments registered under Software Technology Park India Scheme. The tax applicable for the current year is Rs.1259.000 (Million) against Rs.1055.000 (Million) in the previous year.

 

 

INDEX OF CHARGES:

 

NO CHARGES EXIST FOR THE COMPANY

 

 

FIXED ASSETS

 

  • Land
  • Buildings
  • Plant and equipment
  • Furniture and fixtures
  • Vehicles
  • Office equipment
  • Computer equipments

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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.66.74

UK Pound

1

Rs.99.53

Euro

1

Rs.73.79

 

 

INFORMATION DETAILS

 

Information Gathered by :

PRP

 

 

Analysis Done by :

RAS

 

 

Report Prepared by :

SUD

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

7

PAID-UP CAPITAL

1~10

7

OPERATING SCALE

1~10

8

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

8

--PROFITABILITY

1~10

8

--LIQUIDITY

1~10

7

--LEVERAGE

1~10

7

--RESERVES

1~10

7

--CREDIT LINES

1~10

7

--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

 

66

 

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

 

--

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.