MIRA INFORM REPORT
|
Report No. : |
344357 |
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Report Date : |
09.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
IPC INFORMATION SYSTEMS INDIA PRIVATE LIMITED (w.e.f. 12.08.2009) |
|
|
|
|
Formerly Known
As : |
TELMAX INFORMATION SYSTEMS INDIA PRIVATE LIMITED |
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Registered
Office : |
404, ECO House, Vishweshwar Colony, 1st Cross Lane Off
Aarey Road, Goregaon (East), Mumbai – 400063, Maharashtra, India |
|
Tel. No.: |
91-22-40029309 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
19.03.2008 |
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Com. Reg. No.: |
11-180273 |
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|
|
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Capital
Investment / Paid-up Capital : |
Rs.5.100 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U64202MH2008PTC180273 |
|
|
|
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IEC No.: |
0308007247 |
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|
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT14545G |
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|
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PAN No.: [Permanent Account No.] |
AACCT8872C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of
providing telecommunications products, services and solutions to all types of
clients in India and abroad, to provide technical, maintenance, installation
and operational support with respect to the above telecommunications products
and to act as dealer in all and every kind of telecom hardware, equipment,
software, peripherals, components, parts, networking and data-communication
and other telecom products. |
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|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
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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|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of IPC Information Systems (Singapore) Pte.
Limited. It is an established company having satisfactory track record. The company has reported increase in its sales revenue as well as net
profitability during the year 2014. Rating also considers company’s acceptable financial profile marked by
no external borrowings recorded in the books. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. In view of strong support from its holding company, the company can be
considered for business dealings at usual trade terms and conditions. NOTE: 1 Sire visit was conducted at the address which you have provided but
door of the given premises was found locked. After enquiring with neighbor
our executive came to know that they are not aware about the subject. As per our executive observation location seems to be industrial. It’s
a 15 storey building and given premises is situated on 9th floor.
Name board of subject was not sighted at the premises. Due to unavailability to alternate contact number our executive was
unable to contact the subject. NOTE: 2 Site visit was conducted on reheja chmabers, 209 Free Press Journal
Road, Nariman Point, Mumbai – 400021 which we got it from ROC record. Our
executive found company by the name of “DBS BUSINESS CENTER” on same address. NOTE: 3 Site visit was conducted on 404, ECO House, Vishweshwar Colony, 1st
Cross Lane Off Aarey Road, Goregaon (East), Mumbai – 400063, Maharashtra,
India, which is the registered office the company. As per our executive observation location seems to be commercial. It’s
a 5 storey building and given premises is situated on 4th floor.
Name boards of subject was sighted. We got one landline number of company
(022-40029309). |
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
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 BY
|
Name : |
Mr. Chandrakant Tripathi |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-40029309 |
|
Date : |
09.10.2015 |
LOCATIONS
|
Registered Office : |
404, ECO House, Vishweshwar Colony, 1st Cross Lane Off
Aarey Road, Goregaon (East), Mumbai – 400063, Maharashtra, India |
|
Tel. No.: |
91-22-40029309 / 29275396 |
|
Mobile No.: |
91-9930007996 (Mr. Chetan Shah) |
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Fax No.: |
91-22-40509300 |
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E-Mail : |
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|
Website : |
DIRECTORS
As on 26.12.2014
|
Name : |
Mr. Noel Ark Lagdamen |
|
Designation : |
Director |
|
Address : |
46 Keppel Bay, # 07-126, |
|
Date of Birth/Age : |
20.12.1970 |
|
Date of Appointment : |
18.09.2009 |
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DIN No.: |
02354023 |
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|
|
|
Name : |
Mr. David Allen Dodd |
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Designation : |
Director |
|
Address : |
House One, Wing |
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Date of Birth/Age : |
02.01.1964 |
|
Date of Appointment : |
01.12.2008 |
|
DIN No.: |
02400370 |
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|
|
|
Name : |
Mr. Sandipkumar Satya Brata Pal |
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Designation : |
Director |
|
Address : |
Mayuresh Shirishti, O-Wing, Flat - 1204, L B S Marg, Bhandup(West), Mumbai - 400078, Maharashtra, India |
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Date of Birth/Age : |
11.10.1977 |
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Date of Appointment : |
27.09.2013 |
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DIN No.: |
06435623 |
KEY EXECUTIVES
|
Name : |
Mr. Chandrakant Tripathi |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.12.2014
|
Names of Shareholders |
|
No. of Shares |
|
IPC Information Systems (Singapore) Pte, Limited, |
|
509999 |
|
TSW |
|
01 |
|
Total |
|
510000 |
Equity Share Break up (Percentage of Total Equity)
As on 26.12.2014
|
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 : |
Subject is engaged in the business of
providing telecommunications products, services and solutions to all types of
clients in India and abroad, to provide technical, maintenance, installation
and operational support with respect to the above telecommunications products
and to act as dealer in all and every kind of telecom hardware, equipment,
software, peripherals, components, parts, networking and data-communication
and other telecom products. |
|
|
|
|
Products : |
·
Installation of Equipments ·
AMC of Telecommunication Equipments |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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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 : |
Information declined by the management |
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Bankers : |
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Auditors : |
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Name : |
Khandekar and Associates Chartered Accountant |
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Address : |
Saraswati Bhuvan, Sahakar Road, Tejpal Scheme Road No.5, Vile Parle
(East), Mumbai – 400057, Maharashtra, India |
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Tel. No.: |
91-22-26825327/ 26837756/ Resi. : 91-22-24454919 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAJPJ4328F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
IPC Information Systems (Singapore) Pte. Limited |
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Ultimate Holding Company : |
IPC Systems Inc. |
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Associates : |
· IPC Information Systems (Japan) KK · IPC Information Systems (Hong Kong) Limited · IPC Information Systems UK |
CAPITAL STRUCTURE
As on 26.12.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000 |
Equity Shares |
Rs.10/- each |
Rs.6.000 Million |
|
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|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
510000 |
Equity Shares |
Rs.10/- each |
Rs.5.100
Million |
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|
|
|
|
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 |
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|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
5.100 |
5.100 |
5.100 |
|
(b) Reserves & Surplus |
68.516 |
43.986 |
26.760 |
|
(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) |
73.616 |
49.086 |
31.860 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.049 |
|
Total
Non-current Liabilities (3) |
0.000 |
0.000 |
0.049 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
162.855 |
98.632 |
62.909 |
|
(c) Other current liabilities |
13.582 |
34.765 |
5.960 |
|
(d) Short-term provisions |
0.759 |
0.898 |
0.712 |
|
Total
Current Liabilities (4) |
177.196 |
134.295 |
69.581 |
|
|
|
|
|
|
TOTAL |
250.812 |
183.381 |
101.490 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
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(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
0.413 |
0.602 |
0.351 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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) |
6.262 |
5.561 |
3.343 |
|
(d) Long-term Loan and Advances |
5.676 |
3.017 |
5.977 |
|
(e) Other Non-current assets |
0.851 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
13.202 |
9.180 |
9.671 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
14.357 |
30.619 |
13.135 |
|
(c) Trade receivables |
71.077 |
110.407 |
39.264 |
|
(d) Cash and cash equivalents |
148.730 |
25.191 |
35.928 |
|
(e) Short-term loans and
advances |
0.755 |
0.037 |
0.041 |
|
(f) Other current assets |
2.691 |
7.947 |
3.451 |
|
Total
Current Assets |
237.610 |
174.201 |
91.819 |
|
|
|
|
|
|
TOTAL |
250.812 |
183.381 |
101.490 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Total Revenue |
|
153.004 |
85.250 |
|
|
Other Income |
|
|
0.172 |
|
|
TOTAL
|
157.759 |
153.004 |
85.422 |
|
|
|
|
|
|
|
|
TOTAL
EXPENSES |
117.170 |
132.087 |
73.523 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
35.834 |
25.872 |
11.899 |
|
|
|
|
|
|
|
|
TAX |
11.305 |
8.646 |
1.955 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
24.529 |
17.226 |
9.944 |
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
43.986 |
26.760 |
16.816 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S (J+K+L-M) |
68.515 |
43.986 |
26.760 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
67.560 |
133.191 |
NA |
|
|
TOTAL
IMPORTS |
67.560 |
133.191 |
NA |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
48.1 |
29.65 |
19.50 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
15.55 |
11.26 |
11.66 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.65 |
14.55 |
12.12 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.49 |
0.53 |
0.37 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34 |
1.30 |
1.32 |
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 |
5.100 |
5.100 |
5.100 |
|
Reserves & Surplus |
26.760 |
43.986 |
68.516 |
|
Net
worth |
31.860 |
49.086 |
73.616 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
85.422 |
153.004 |
157.759 |
|
|
|
60.345 |
3.108 |
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 |
95.422 |
153.004 |
157.759 |
|
Profit |
9.944 |
17.226 |
24.529 |
|
|
10.42% |
11.26% |
15.55% |
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 |
Yes |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
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 |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OBSERVATION
FORM 1
|
REF NO : 344357
DATE OF VISIT :
09.10.2015 COMPANY NAME : IPC INFORMATION
SYSTEMS INDIA PRIVATE LIMITED ADDRESS: 404, ECO House,
Vishweshwar Colony, 1st Cross Lane Off Aarey Road, Goregaon
(East), Mumbai – 400063, Maharashtra, India CONTACT NO: 91-22-40029309
EMAIL : ----------------- PERSON TO WHOM
WE MET: --- DESICNATION: ------------- NAME BOARD: SIGHTED LOCATION: EASY TOTAL FLOORS OF
THE BUILDING : 05 SUBJECT SITUATED
ON : 4TH FLOOR LOCALITY: COMMERCIAL AREA OF
PREMISES: 4000 (SQ. FT.) AREA: UPMARKET VISIBLE OF
ITEMS: i)
TELEPHONE: YES / NO ii)
FAX MACHINE: YES / NO iii)
TELEX: YES / NO iv)
COMPUTERS: YES / NO v)
AIR CONDITIONER: YES / NO vi)
OFFICE EQUIPMENT : YES / NO vii)
XEROX MACHINE: YES / NO |
OBSERVATION
FORM 2
|
REF NO : 344357
DATE OF VISIT : 09.10.2015 COMPANY NAME : IPC INFORMATION
SYSTEMS INDIA PRIVATE LIMITED ADDRESS: Dua Associates,
95, 9th Floor, Backbay Reclamation, Free Press House, 215, Nariman
Point, Mumbai – 400021, Maharashtra, India CONTACT NO: ND
EMAIL : ----------------- PERSON TO WHOM
WE MET: ND DESICNATION: ------------- NAME BOARD: NOT SIGHTED LOCATION: EASY TOTAL FLOORS OF
THE BUILDING : 15TH SUBJECT SITUATED
ON : 9TH FLOOR LOCALITY:COMMERCIAL AREA: UPMARKET VISIBLE OF
ITEMS: i)
TELEPHONE: YES / NO ii)
FAX MACHINE: YES / NO iii)
TELEX: YES / NO iv)
COMPUTERS: YES / NO v)
AIR CONDITIONER: YES / NO vi)
OFFICE EQUIPMENT : YES / NO vii)
XEROX MACHINE: YES / NO |
INDEX
OF CHARGES : NO CHARGES EXIST FOR THE COMPANY
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.65.15 |
|
|
1 |
Rs.99.78 |
|
Euro |
1 |
Rs.73.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
47 |
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.