MIRA INFORM REPORT
|
Report No. : |
345034 |
|
Report Date : |
14.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
BNY MELLON
INTERNATIONAL OPERATIONS (INDIA) PRIVATE LIMITED (w.e.f. 06.06.2008) |
|
|
|
|
Formerly Known
As : |
MELLON INDIA
PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Tower III,
Cybercity, 3rd Floor, Magarpatta City, Hadapsar, Pune – 411028,
Maharashtra |
|
Tel No. |
91-20-66073600 / 30456000/
30443228 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
02.06.2004 |
|
|
|
|
Com. Reg. No.: |
11-022163 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 834.737
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900PN2004FTC022163 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCM9640E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company provides Business Process Outsourcing Services. |
|
|
|
|
No. of Employees
: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (62) |
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a subsidiary of ‘MBC Investments Corporation’ It offers
asset management services, asset servicing, alternative investment services, wealth
management, issuer services, treasury services, and broking services. For the financial year ended 2014, company has reported 29.10% sales
turnover growth as compared to previous sales turnover and it has maintained
decent profitability margins at 11.87% during the year under a review. Company possesses healthy financial profile marked by its adequate
networth base along with zero debt balance sheet profile and healthy debt
coverage indicators of the company. Rating also takes into consideration strong financial and managerial
support that company receives from its holding entity. Trade relations are reported as fair. Payment are reported to be
regular and as per commitment. In view of aforesaid, the company can be considered good for normal 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.
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 : |
Ms. Jenifer |
|
Designation : |
Office Executive |
|
Contact No.: |
91-44-66696000 |
|
Date : |
13.10.2015 |
LOCATIONS
|
Registered Office : |
Tower III, Cybercity, 3rd Floor, Magarpatta City, Hadapsar Pune – 411028,
Maharashtra, India |
|
Tel. No.: |
91-20-66073600 / 30456000/
30443228 |
|
Fax No.: |
91-20-66073604/ 30443001 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office: |
Block 3, Floor 6, Mount - Poonamallee Road, DLF IT Park, Nandambakkam
Post, Ramapuram, Chennai - 600089, Tamilnadu, India |
|
Tel No.: |
91-44-66696000 |
DIRECTORS
As on 26.09.2014
|
Name : |
Mr. Dinesh Umeshchandra Deo |
|
Designation : |
Director |
|
Address : |
Flat No. 201, Amruta Apartment, CTS 55, FP 82, PL 8, Ashok Path,
Erandawana, Pune - 411004, Maharashtra, India |
|
Date of Birth/Age : |
21.12.1970 |
|
Date of Appointment : |
15.02.2007 |
|
PAN No.: |
ABZPD6837C |
|
Qualification : |
CA, ICWA |
|
Experience : |
19 Years |
|
DIN No.: |
01662530 |
|
|
|
|
Name : |
Mr. Kathleen J Geis |
|
Designation : |
Director |
|
Address : |
1386, Royal Oka, DR
Wexford-15090, United States of America |
|
Date of Birth/Age : |
27.11.1959 |
|
Date of Appointment : |
31.05.2005 |
|
DIN No : |
02378052 |
|
|
|
|
Name : |
Mr. Peter Thomas Johnston |
|
Designation : |
Director |
|
Address : |
79-80 Street, Brooklyn, New York, 11209, United States of America |
|
Date of Birth/Age : |
19.08.1962 |
|
Date of Appointment : |
12.08.2014 |
|
DIN No : |
06943245 |
KEY EXECUTIVES
|
Name : |
Mr. Sushil Subhash Kaswa |
|
Designation : |
Secretary |
|
Address : |
Flat No. 15, B2, Ganesh Mrket, Co-op Housing Society, Gangadham Chowk,
Pune – 411037, Maharashtra, India |
|
Date of Birth/Age : |
06.05.1980 |
|
Date of Appointment : |
20.10.2011 |
|
PAN No.: |
AQWPK8139L |
|
|
|
|
Name : |
Mr. Shekar Ranganathan |
|
Designation : |
Regional Controller |
|
|
|
|
Name : |
Mr. Girish Shankarram Iyer |
|
Designation : |
Operations Director |
|
|
|
|
Name : |
Mr. Sudish Panicker |
|
Designation : |
Operations Director |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
MBC Investments Corporation, USA |
|
83473665 |
|
The Bank of New York Mellon Corporation, New York |
|
1 |
|
Total |
|
83473666 |
As on 26.09.2014
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 |
%20PRIVATE%20LIMITED%20-%20345034_MIRA%2014-Oct-2015_files/image013.gif)
BUSINESS DETAILS
|
Line of Business : |
The company provides Business Process Outsourcing Services. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information denied by management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
B S R and Associates LLP Chartered Accountants |
|
Address : |
703, 7th Floor, Godrej Castlemaine, Next to Ruby Hall
Clinic , Bund Garden Road, Pune – 411001, Maharashtra, India |
|
PAN No.: |
AAAFB9852F |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Holding Company : |
|
|
|
|
|
Ultimate Holding Company : |
|
|
|
|
|
Fellow Subsidiary
companies: |
|
CAPITAL STRUCTURE
As on 26.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000000 |
Equity Shares |
Rs.10/- each |
Rs. 1000.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
83473666 |
Equity Shares |
Rs.10/- each |
Rs. 834.737
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
834.737 |
834.737 |
834.737 |
|
(b) Reserves & Surplus |
2225.895 |
1646.410 |
1214.503 |
|
(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) |
3060.632 |
2481.147 |
2049.240 |
|
|
|
|
|
|
(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 |
100.933 |
78.329 |
68.649 |
|
(d) long-term
provisions |
105.975 |
91.426 |
37.249 |
|
Total Non-current
Liabilities (3) |
206.908 |
169.755 |
105.898 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
81.688 |
83.074 |
95.590 |
|
(c) Other
current liabilities |
293.960 |
228.639 |
100.875 |
|
(d) Short-term
provisions |
61.599 |
13.747 |
30.720 |
|
Total Current
Liabilities (4) |
437.247 |
325.460 |
227.185 |
|
|
|
|
|
|
TOTAL |
3704.787 |
2976.362 |
2382.323 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
945.865 |
766.582 |
761.805 |
|
(ii)
Intangible Assets |
6.959 |
11.548 |
0.012 |
|
(iii)
Capital work-in-progress |
2.822 |
81.080 |
0.000 |
|
(iv)
Intangible assets under development |
37.803 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
181.300 |
144.000 |
73.755 |
|
(d) Long-term Loan and Advances |
303.939 |
167.381 |
116.930 |
|
(e) Other
Non-current assets |
1.000 |
2.350 |
3.835 |
|
Total Non-Current
Assets |
1479.688 |
1172.941 |
956.337 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
825.616 |
630.218 |
542.326 |
|
(d) Cash
and cash equivalents |
1272.057 |
1070.459 |
802.205 |
|
(e)
Short-term loans and advances |
125.775 |
101.892 |
79.644 |
|
(f) Other
current assets |
1.651 |
0.852 |
1.811 |
|
Total
Current Assets |
2225.099 |
1803.421 |
1425.986 |
|
|
|
|
|
|
TOTAL |
3704.787 |
2976.362 |
2382.323 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4723.800 |
3634.200 |
2986.477 |
|
|
|
Other Income |
204.800 |
183.100 |
123.524 |
|
|
|
TOTAL |
4928.600 |
3817.300 |
3110.001 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
4099.600 |
3205.800 |
2600.129 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
829.000 |
611.500 |
509.872 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
268.300 |
187.100 |
169.120 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
560.700 |
424.400 |
340.752 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.72 |
5.08 |
4.08 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
N.A |
N.A |
N.A |
|
Cash generated from operations |
N.A |
N.A |
N.A |
|
Net cash flows from (used in) operations |
853.834 |
758.854 |
602.289 |
|
Net cash flows from (used in) operating activities |
552.092 |
486.394 |
517.761 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
11.87 |
11.68 |
11.41 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
23.80 |
22.23 |
22.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27 |
0.25 |
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.09 |
5.54 |
6.28 |
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 |
834.737 |
834.737 |
834.737 |
|
Reserves & Surplus |
1214.503 |
1646.410 |
2225.895 |
|
Net
worth |
2049.240 |
2481.147 |
3060.632 |
|
|
|
|
|
|
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 |
%20PRIVATE%20LIMITED%20-%20345034_MIRA%2014-Oct-2015_files/image015.gif)
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 |
2986.477 |
3634.200 |
4723.800 |
|
|
|
21.689 |
29.982 |
%20PRIVATE%20LIMITED%20-%20345034_MIRA%2014-Oct-2015_files/image017.gif)
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 |
2986.477 |
3634.200 |
4723.800 |
|
Profit |
340.752 |
424.400 |
560.700 |
|
|
11.41% |
11.68% |
11.87% |
%20PRIVATE%20LIMITED%20-%20345034_MIRA%2014-Oct-2015_files/image019.gif)
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 |
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 |
LITIGATION DETAILS
|
HIGH COURT OF BOMBAY |
||||
|
Bench:- Bombay |
||||
|
Lodging No. : |
ITXAL/1343/2015 |
Failing Date:- |
08/09/2015 |
|
|
Petitioner:- |
THE PR. COMMISSIONER OF INCOME TAX |
Respondent:- |
BNY MELLON INTERNATIONAL OPERATION (INDIA
) PRIVATE LIMITED |
|
|
Petn.Adv:- |
SURESH KUMAR (I2100) |
Resp. Adv.: |
0 (0) |
|
|
District:- |
PUNE |
|||
|
Bench:- |
DIVISION |
Category:- |
TAX APPEALS |
|
|
Status:- |
Pre-Admission |
|||
|
|
|
|||
|
Act. : |
Income Tax Act,1961 |
Under Section 260A |
||
BACKGROUND
The Company was incorporated on 2 June 2004 under the Indian
Companies Act, 1956 as a subsidiary of MBC Investments Corporation, USA the
(holding Company), which is a subsidiary of The Bank of New York Mellon
Corporation, USA (the ultimate holding Company). The Company provides Business
Process Outsourcing Services (transaction processing) exclusively to its group
companies. The Company is registered under the Software Technology Parks of
India, Pune and Special Economic Zone, Chennai as a 100% Export Oriented Unit
(EOU).
PRESENT OUTLOOK
During this period, the Company made a profit of Rs. 560.700 Million on sales of Rs. 4723.800 Million. The revenue growth has been due to the steady increase in headcount during the period and expansion of business at Chennai location.
NOTE: NO CHARGES
EXIST FOR COMPANY
FIXED ASSISTS
- Furniture and fixtures
- Vehicles
- Computer Equipments
- Other Equipments
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.65.02 |
|
|
1 |
Rs.99.88 |
|
Euro |
1 |
Rs.73.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
7 |
|
--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 |
NO |
|
--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 |
|
62 |
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.