MIRA INFORM REPORT
|
Report No. : |
346492 |
|
Report Date : |
26.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
ICICI BANK LIMITED (w.e.f.27.12.1999) |
|
|
|
|
Formerly Known
As : |
ICICI BANKING CORPORATION LIMITED |
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|
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Registered
Office : |
Landmark, |
|
Tel. No.: |
91-265-2324318 |
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|
Country : |
India |
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|
Financials (as
on) : |
31.03.2015 |
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Date of
Incorporation : |
05.01.1994 |
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|
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Com. Reg. No.: |
04-021012 |
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|
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|
Capital
Investment / Paid-up Capital : |
Rs. 11596.608 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L65190GJ1994PLC021012 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRD100221E AHMI00471C |
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|
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PAN No.: [Permanent Account No.] |
Not Available |
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|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
Subject is engaged in providing a wide range of banking and financial services including commercial banking and treasury operations. |
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|
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No. of Employees
: |
66327 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Aaa (86) |
|
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 |
|
Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is a well-established and largest private sector bank having
excellent track record. The rating reflects IBL’s status as the largest private sector bank
and a systemically important institution, significant retail reach supported
by widespread branch networth, healthy capitalization levels and strong
funding profile. Trade relations are reported be trustworthy. Payments are reported to
be regular and as per commitment. In view of aforesaid, the bank 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 |
ICRA |
|
Rating |
ICICI Bank Limited (2004) MBS 2 (Nivas Trust Series ll): AAA |
|
Rating Explanation |
Highest degree of safety and carry lowest credit risk. |
|
Date |
October, 2015 |
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 DECLINED BY
MANAGEMENT NON-COOPERATIVE (Tel No.: 91-22-26531414)
LOCATIONS
|
Registered Office : |
Landmark, |
|
Tel. No.: |
91-265-6722222 |
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Fax No.: |
91-265-6722020 |
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E-Mail : |
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Website : |
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Head Office : |
Zenith House, 3rd Floor, Keshavrao Khade Marg, Mahalakshmi,
Mumbai - 400 034, |
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|
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|
Corporate Office : |
ICICI |
|
Tel. No.: |
91-22-33667777 |
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Fax No.: |
91-22-26531122 |
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E-Mail : |
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Branch Office : |
Located At:
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Overseas branches: |
Located at:
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DIRECTORS
As on 31.03.2015
|
Name : |
Mr. K.V. Kamath |
|
Designation : |
Chairman |
|
Qualification : |
B.E. (Mech.) (PGDBA) |
|
Date of Appointment : |
01.05.1996 |
|
Previous
Employment: |
Bakrie Group, Indonesia - Adviser to the Chairman |
|
|
|
|
Name : |
Ms. Chanda
Kochhar |
|
Designation : |
Managing Director and Chief Executive
Officer |
|
Address : |
Cci Chambers, Flat No.45, Dinshaw Vachha Road, Churchgate, Mumbai - 400028, Maharashtra, India |
|
Date of Appointment : |
01.04.2001 |
|
DIN No.: |
00043617 |
|
|
|
|
Name : |
Mr. Dileep Choksi |
|
Designation : |
Director |
|
Address : |
E/7, Sea Face Park,, Bhulabhai Desai Road,, Mumbai - 400026, Maharashtra, India |
|
Date of Appointment : |
26.04.2013 |
|
DIN No.: |
00016322 |
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|
|
Name : |
Mr. M. S. Ramachandran |
|
Designation : |
Director |
|
Address : |
C-23 Green Park Main Second Floor, Hauz Khas Enclave, New Delhi - 110016, Delhi, India |
|
Date of Appointment : |
25.04.2009 |
|
DIN No.: |
00943629 |
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|
|
|
Name : |
Mr. Homi Khusrokhan |
|
Designation : |
Director |
|
Address : |
302 Daisylea,, Off Mt. Pleasant Road, Malabar Hill, Mumbai -400006, Maharashtra, India |
|
Date of Appointment : |
21.01.2010 |
|
DIN No.: |
00005085 |
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|
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|
Name : |
Mr. Tushaar Shah |
|
Designation : |
Director |
|
Address : |
Shwet Karan, 9/10 Panchamrut Park, B/H Ganesh Dairy, Anand - 388001, Gujarat, India |
|
Date of Appointment : |
03.05.2010 |
|
DIN No.: |
03055738 |
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|
|
|
Name : |
Mr. V. K. Sharma |
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Designation : |
Director |
|
Address : |
Hno.6A, Mun.H.No.7 Jeevan Jyoti A-B, Laxmibai, Jagmohandas Road, (Napeansea Road) Malabar Hill,, Mumbai, 400006, Maharashtra, India |
|
Date of Appointment : |
06.03.2014 |
|
DIN No.: |
02449088 |
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|
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|
Name : |
Mr. V. Sridar |
|
Designation : |
Director |
|
Address : |
303a, H.P.Employees Chs, Plot No Ndr-11, Tilak, Nagar, Chembur, Mumbai - 400089, Maharashtra, India |
|
Date of Appointment : |
21.01.2010 |
|
DIN No.: |
02241339 |
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|
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|
Name : |
Mr. Alok Tandon |
|
Designation : |
Nominee Director |
|
Address : |
B - 504 C.S.I. Towers, Vipin Khand Gomti Nagar, Lucknow - 226010, Uttar Pradesh, India |
|
Date of Appointment : |
06.06.2014 |
|
DIN No.: |
01841717 |
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|
|
|
Name : |
Mr. N. S. Kannan |
|
Designation : |
Executive Director and Chief Finance
Officer |
|
Address : |
Flat No.204, Tower - B, Kalpataru,, Horizon, S.K. Ahire Marg, Worli, Mumbai - 400018, Maharashtra, India |
|
Date of Appointment : |
01/05/2009 |
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DIN No.: |
00066009 |
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|
Name : |
Mr. K. Ramkumar |
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Designation : |
Executive Director |
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|
Name : |
Mr. Rajiv Sabharwal |
|
Designation : |
Whole-Time Director |
|
Address : |
Y-1301, 13th Floor, Callalily, Nahar's Amrit Shakti, Off Saki Vihar Road, Chandivali, Andheri (East), Mumbai - 400072, Maharashtra, India |
|
Date of Appointment : |
24.06.2010 |
|
DIN No.: |
00057333 |
|
|
|
|
Name : |
Mr. Mahendrakumar Sharma |
|
Designation : |
Additional Director |
|
Address : |
192 Centrum Towers Barkhat Ali Road, Near Wadala Flyover Wadala (East), Mumbai, 400037, Maharashtra, India |
|
Date of Appointment : |
01.07.2015 |
|
DIN No.: |
00327684 |
KEY EXECUTIVES
|
Name : |
Mr. Sanker Parameswaran |
|
Designation : |
Secretary |
|
Address : |
Block No.10, Plot No. 6, Laxmi Nivas, Rifle Range, Ghatkopar (West), Mumbai - 400086, Maharashtra, India |
|
Date of Appointment : |
01.01.2014 |
|
PAN No.: |
AAEPP2425Q |
|
|
|
|
Name : |
Ms. Zarin Daruwala |
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Designation : |
President |
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Senior General Manager : |
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|
Name : |
Chief Financial Officer
Head-Group Internal Audit
Company Secretary
Group Compliance Officer
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Audit Committee: |
|
|
Name: |
Mr. Homi
Khusrokhan, Chairman Mr. Dileep
Choksi, Alternate Chairman Mr. M. S.
Ramachandran Mr. V. Sridar |
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Board Governance, Remuneration and Nomination Committee: |
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|
Name: |
Mr. K. V.
Kamath, Chairman Mr. Homi
Khusrokhan Mr. M. S. Ramachandran |
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Corporate Social
Responsibility Committee: |
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|
Name : |
Mr. M. S.
Ramachandran, Chairman Mr. Alok Tandon Mr. Tushaar Shah Ms. Chanda Kochhar |
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Credit Committee: |
|
|
Name: |
Mr. K.V. Kamath,
Chairman Mr. Homi
Khusrokhan Mr. M. S.
Ramachandran Ms. Chanda Kochhar |
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|
Customer Service
Committee: |
|
|
Name: |
Mr. M. S. Ramachandran Mr. V. Sridar Ms. Chanda Kochhar Mr. K. V. Kamath Mr. Alok Tandon |
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Fraud Monitoring Committee: |
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|
Name: |
Mr. V. Sridar, Chairman Mr. K. V. Kamath Mr. Dileep
Choksi Mr. Homi
Khusrokhan Mr. Arvind Kumar Mr. V.K. Sharma Ms. Chanda
Kochhar Mr. Rajiv Sabharwal |
|
|
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Information Technology Strategy Committee: |
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|
Name: |
Mr. Homi Khusrokhan, Chairman Mr. K. V. Kamath Mr. V. Sridar Ms. Chanda Kochhar |
|
|
|
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Risk Committee: |
|
|
Name: |
Mr. K. V. Kamath, Chairman Mr. Dileep Choksi Mr. Homi Khusrokhan Mr. V. K. Sharma Mr. V. Sridar Mr. Alok Tandon Mr. Chanda Kochhar |
|
Stakeholders Relationship Committee: |
|
|
Name: |
Mr. Homi Khusrokhan, Chairman Mr. V. Sridar Mr. N. S. Kannan |
|
|
|
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Committee of Executive Directors: |
|
|
Name: |
Ms. Chanda Kochhar, Chairperson Mr. N. S. Kannan Mr. K. Ramkumar Mr. Rajiv Sabharwal |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2015
|
Category of Shareholder |
Total
No. of Shares |
Total
Shareholding as a % of Total No. of Shares |
|
|
|
|
|
(A)
Shareholding of Promoter and Promoter Group |
||
|
|
|
|
|
|
|
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(B)
Public Shareholding |
||
|
|
|
|
|
|
544445762 |
13.21 |
|
|
6140241 |
0.15 |
|
|
4839828 |
0.12 |
|
|
817946586 |
19.85 |
|
|
2219265631 |
53.85 |
|
|
6176462 |
0.15 |
|
|
4604797 |
0.11 |
|
|
1571665 |
0.04 |
|
|
3598814510 |
87.33 |
|
|
|
|
|
Bodies Corporate |
137297025 |
3.33 |
|
|
|
|
|
|
287147620 |
6.97 |
|
|
39710638 |
0.96 |
|
|
57866488 |
1.40 |
|
|
3000 |
0.00 |
|
|
17390334 |
0.42 |
|
|
16842308 |
0.41 |
|
|
12686994 |
0.31 |
|
|
6546219 |
0.16 |
|
|
143200 |
0.00 |
|
|
1214138 |
0.03 |
|
|
83815 |
0.00 |
|
|
2956480 |
0.07 |
|
|
522021771 |
12.67 |
|
Total
Public shareholding (B) |
4120836281 |
100.00 |
|
Total
(A)+(B) |
4120836281 |
100.00 |
|
(C)
Shares held by Custodians and against which Depository Receipts have been
issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
1686844854 |
0.00 |
|
|
1686844854 |
0.00 |
|
Total
(A)+(B)+(C) |
5807681135 |
0.00 |
Shareholding of securities (including shares, warrants,
convertible securities) of persons belonging to the category Public and holding
more than 1% of the total number of shares
|
Sl. No. |
Name of the
Shareholder |
No. of Shares held |
Shares as % of
Total No. of Shares |
|
|
1 |
Deutsche Bank Trust Company
Americas |
1686844854 |
29.05 |
|
|
2 |
Life Insurance Corporation of
India |
535661083 |
9.22 |
|
|
3 |
Dodge and Cox International
Stock Fund |
257911785 |
4.44 |
|
|
4 |
Europacific Growth Fund |
130051772 |
2.24 |
|
|
5 |
Carmignac Gestion A/c
Carmignac Patrimoine |
90881374 |
1.56 |
|
|
6 |
Aberdeen Global Indian Equity
(Mauritius) Limited |
62100000 |
1.07 |
|
|
|
Total |
2763450868 |
47.58 |
Shareholding of securities (including shares, warrants,
convertible securities) of persons (together with PAC) belonging to the
category “Public” and holding more than 5% of the total number of shares of the
company
|
Sl. No. |
Name(s) of the
shareholder(s) and the Persons Acting in Concert (PAC) with them |
No. of Shares |
Shares as % of
Total No. of Shares |
|
|
1 |
Deutsche Bank Trust Company
Americas |
1686844854 |
29.05 |
|
|
2 |
Life Insurance Corporation of
India |
535661083 |
9.22 |
|
|
|
Total |
2222505937 |
38.27 |
Details of Depository Receipts (DRs)
|
Sl. No. |
Type of Outstanding
DR (ADRs, GDRs, SDRs, etc.) |
No. of Outstanding DRs |
No. of Shares Underlying |
Shares Underlying Outstanding
DRs as % of Total No. of Shares |
|
1 |
ADR |
84,34,22,427 |
1,68,68,44,854 |
29.05 |
|
|
Total |
84,34,22,427 |
1,68,68,44,854 |
29.05 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in providing a wide range of banking and financial services including commercial banking and treasury operations. |
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Products/ Services : |
|
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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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|
|
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Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
66327 (Approximately) |
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Bankers : |
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Statutory Auditors : |
|
|
Name : |
B S R and
Company Chartered Accountants |
|
Address : |
1st Floor, Lodha Excelus, Apollo Mills Compound, N. M. Joshi Marg,
Mahalaxmi Mumbai - 400
011, Maharashtra, India |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
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Subsidiaries: |
|
|
|
|
|
Associates/joint
ventures/other related entities: |
|
CAPITAL STRUCTURE
As on 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
6375000000 |
Equity Shares |
Rs.2/- each |
Rs.12750.000 Million |
|
15000000 |
Equity Shares |
Rs.100/- each |
Rs.1500.000 Million |
|
350 |
Preferences Shares |
Rs.10 million each |
Rs.3500.000 Million |
|
|
TOTAL |
|
Rs.17750.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5774163845 |
Equity Shares |
Rs.2/- each |
Rs. 11548.327 Million |
|
23080800 |
Add: Equity Shares |
Rs.2/- each |
Rs.46.162
Million |
|
266089 |
Add: Equity Shares |
Rs.10/- each |
Rs.2.119
Million |
|
|
TOTAL |
|
Rs.11596.608 Million |
These shares will be of such class and with such rights, privileges, conditions or restrictions as may be determined by the Bank in accordance with the Articles of Association of the Bank and subject to the legislative provisions in force for the time being in that behalf.
Pursuant to RBI circular the issued and paid-up preference shares are grouped under Schedule 4 - “Borrowings”.
The shareholders of the Bank have approved the sub-division of each equity share having a face value of Rs.10 into five equity shares having a face value of Rs.2 each through postal ballot on November 20, 2014. The record date for the sub-division was December 5, 2014. All shares and per share information in the financial results reflect the effect of sub-division for each of the periods presented.
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
PARTICULAR |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
CAPITAL AND
LIABILITIES |
|
|
|
|
Capital |
11596.608 |
11550.446 |
11536.362 |
|
Employees stock options outstanding |
74.388 |
65.744 |
44.835 |
|
Reserves and Surplus |
792622.557 |
720517.086 |
655478.392 |
|
Deposits |
3615627.301 |
3319136.570 |
2926136.257 |
|
Borrowings |
1724173.498 |
1547590.539 |
1453414.944 |
|
Other Liabilities and Provisions |
317198.572 |
347555.454 |
321336.021 |
|
|
|
|
|
|
TOTAL CAPITAL
AND LIABILITIES |
6461292.924 |
5946415.839 |
5367946.811 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
Cash and Balances with Reserve Bank of |
256529.069 |
218218.262 |
190527.309 |
|
Balances with Banks and Money at Call and Short Notice |
166517.084 |
197077.695 |
223647.879 |
|
Investments |
1865800.348 |
1770218.164 |
1713935.993 |
|
Advances |
3875220.728 |
3387026.492 |
2902494.351 |
|
Fixed Assets |
47255.187 |
46781.360 |
46470.587 |
|
Other Assets |
249970.508 |
327093.866 |
290870.692 |
|
|
|
|
|
|
TOTAL ASSETS |
6461292.924 |
5946415.839 |
5367946.811 |
|
|
|
|
|
|
Contingent liabilities |
8519776.091 |
7814304.451 |
7899893.146 |
|
Bills for collection |
162129.670 |
135349.056 |
123945.258 |
PROFIT
& LOSS ACCOUNT
|
PARTICULAR |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
INCOME |
|
|
|
|
Interest Earned |
490911.399 |
441781.528 |
400755.969 |
|
Other Income |
121761.305 |
104278.721 |
83457.012 |
|
TOTAL INCOME |
612672.704 |
546060.249 |
484212.981 |
|
|
|
|
|
|
EXPENDITURE |
|
|
|
|
Interest Expended |
300515.294 |
277025.886 |
262091.848 |
|
Operating Expenses |
114958.307 |
103088.614 |
90128.837 |
|
Provision and contingencies |
85445.554 |
67840.979 |
48737.569 |
|
TOTAL
EXPENDITURE |
500919.155 |
447955.479 |
400958.254 |
|
|
|
|
|
|
PROFIT AND LOSS |
|
|
|
|
Net Profit for the Year |
111753.549 |
98104.770 |
83254.727 |
|
Profit Brought Forward |
133185.885 |
99022.874 |
70542.323 |
|
Total Profit /
(Loss) |
244939.434 |
197127.644 |
153797.050 |
|
|
|
|
|
|
APPROPRIATION /
TRANSFERS |
|
|
|
|
Transfer to Statutory Reserve |
27939.000 |
24530.000 |
20820.000 |
|
Transfer to Reserve Fund |
7.660 |
46.146 |
27.775 |
|
Transfer to Capital Reserve |
2919.250 |
760.000 |
330.000 |
|
Transfer to Investment Reserve Account |
0.000 |
1270.000 |
0.000 |
|
Transfer to General Reserve |
0.000 |
0.000 |
0.000 |
|
Transfer to Revenue and Other Reserves |
0.000 |
0.000 |
0.000 |
|
Transfer to Special Reserve |
11000.000 |
9000.000 |
7600.000 |
|
Dividend (including Corporate Dividend Tax for the Previous Year Paid
During the Year) |
29.784 |
(539.685) |
2.491 |
|
Proposed Equity Share Dividend |
28988.072 |
26562.812 |
23072.271 |
|
Proposed Preference Share Dividend |
0.035 |
0.035 |
0.035 |
|
Corporate Dividend Tax |
2711.469 |
2312.451 |
2921.604 |
|
Balance Carried Over to Balance Sheet |
172614.164 |
133185.885 |
99022.874 |
|
TOTAL |
244939.434 |
197127.644 |
153797.050 |
|
|
|
|
|
|
Earnings per share |
|
|
|
|
Basic (Rs.) |
19.32 |
84.99 |
72.20 |
|
Diluted (Rs.) |
19.13 |
84.66 |
71.93 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
(48244.886) |
46685.986 |
111020.091 |
QUARTERLY RESULTS
|
Particulars |
30.06.2015 |
|
UnAudited |
1ST Quarter |
|
Interest Earned |
128125.600 |
|
Income On Investments |
26591.200 |
|
Interest On Balances With Rbi Other Inter Bank Funds |
315.300 |
|
Interest / Discount On Advances / Bills |
93752.200 |
|
Others |
7466.900 |
|
Other Income |
29898.900 |
|
Total Income |
158024.500 |
|
Interest Expended |
76974.700 |
|
Operating Expenses |
30671.800 |
|
Total Expenditure |
30671.800 |
|
Operating Profit Before Provisions and Contingencies |
50378.000 |
|
Exceptional Items |
NA |
|
Provisions and contingencies |
9553.900 |
|
Profit Before Tax |
40824.100 |
|
Tax |
11062.500 |
|
+/- Extraordinary Items |
NA |
|
+/- Prior period items |
NA |
|
Net Profit |
29761.60 |
STOCK
PRICES
|
Face Value |
Rs.2.00/- |
|
Market Value |
Rs.281.00/- |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Capital |
11536.362 |
11550.446 |
11596.608 |
|
Reserves & Surplus |
655478.392 |
720517.086 |
792622.557 |
|
Net
worth |
667014.754 |
732067.532 |
804219.165 |
|
|
|
|
|
|
Borrowings |
1453414.944 |
1547590.539 |
1724173.498 |
|
Total
borrowings |
1453414.944 |
1547590.539 |
1724173.498 |
|
Debt/Equity
ratio |
2.179 |
2.114 |
2.144 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Interest Earned |
400755.969 |
441781.528 |
490911.399 |
|
|
|
10.237 |
11.121 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Interest Earned |
400755.969 |
441781.528 |
490911.399 |
|
Profit |
83254.727 |
98104.770 |
111753.549 |
|
|
20.77% |
22.21% |
22.76% |
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 |
No |
|
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 |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
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 |
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 |
Yes |
|
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 GUJARAT O.J.APPEAL No. 28 of 2010 IN COMPANY APPLICATION / 492/ 2008 (DISPOSED)
On:31.09.2009 |
|
|
Status : PENDING |
|
|
Next Listing
Date: 08.12.2015 |
|
|
Coram HONOURABLE MR. JUSTICE KS KHAVERI Not
Before HONOURABLE MR. JUSTICE K.M. THAKER HONOURABLE MR.
JUSTICE G.B. SHAH
HONOURABLE MR. JUSTICE M.R. SHAH
HONOURABLE
MR. JUSTICE RAJESH H.SHUKLA
|
|
|
S.NO. |
Name of the
Petitioner
Advocate On Record MIDCO CONTAINERS PRIAVTE LIMITED MRS VD NANAVATI for:
Appellants (s) 1 |
|
S.NO. |
Name of the
Respondant Advocate On Record LIQUIDATOR OF SHRI AMBICA MILLS LIMITED OFFICIAL LIQUIDATOR for: Opponent
(s) 1 TEXTILE LABOUR ASSOCIATION MR JS
YADAV for: Opponent (s) BANK OF INDIA
M/S TRIVEDI AND GUPTA for: Opponent (s) 1 ICICI BANK LIMITED
RULE SERVED for: Opponent (s) 2-9 CANARA BANK ANDHRA BANK OF INDIA INDUSTRIAL DEVELOPMENT BANK OF INDIA INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED OIL AND NATURAL GAS CORPORATION LIMITED |
|
Presented On : 09.04.2010 Registered ON : 09.04.2010 Bench Category : SINGLE BENCH District :AHMEDABAD Case Originated
From: THROUGH HIS/HER/THEIR Listed :42
timed
ADVOCATE Stage Name : FOR FINAL HEARING Classification DB-OJ- APPEAL-COMPANIES ACT,
1956-CONFIRNATION OF SALE
COMPANIES ACT, 1956 |
|
|
Office Details |
|
|
S. No. Filing Date
Document Name Advocate
Name Court Fee On
Document Document Details 1 09.04.2010 MEMO OF PETITION/ MRS VD NANAVATI 50 MRS VD NANAVATI:1
ADVOCATE APPEAL/SUIT for PETITIONER(s) 1 2 20.04.2010 APPEARANCE NOTE MR JS YADAV ADVOCATE -- MR JS YADAV
for RESPONDENT(s) 1 3 07.06.2010 VAKALATNAMA M/S TRIVEDI AND GUPTA 5 M/S TRIVEDI &GUPTA:1
ADVOCATE
for
RESPONDENT(s) 1 4 12.12.2012 AFFIDAVIT MRS VD NANAVATI 0 MRS VD NANAVATI:1
ADVOCATE for
PETITIONER(s) 1 5 02.12.2013 OL REPORT OFFICIAL LIQUIDATOR 0 OFFICIAL LIUIDATOR(16)
for
RESPONDENT(s) 1
for R:1 6 02.12.2013 VP NOT FILED IN OFFICIAL LIQUIDATOR 0 OFFICIAL LIUIDATOR(16)
MAIN MATTER for RESPONDENT(s) 1 for R:1 7 01.04.2015 FURTHER AFFIDAVIT MRS VD NANAVATI 0 MRS VD NANAVATI
ADVOCATE (1206)
for P:1
for PETITIONER(s) 1 |
|
|
Applications |
|
|
S.No. Case
Details Status Name Disposal Date Action/ Coram 1 CIVIL DIDPOSED 28.04.2010 NO ORDER @ ADM STAGE APPLICATION
HONOURABLE MR. JUSTICE BHAGWAT PRASAD |
|
BUSINESS OVERVIEW
ECONOMIC OUTLOOK
The key trends in the global economy during fiscal 2015 were an improvement in growth in the United States; subdued growth in the Euro Area and Japan; a slowdown in emerging market economies, including China; divergent monetary policies across economies; and a sharp decline in commodity prices, particularly crude oil. In India, the formation of a stable government with a strong electoral mandate in May 2014 led to an improvement in market sentiment. There was recovery in key economic parameters during the year. Economic growth improved, inflation moderated, the current account deficit and exchange rates remained stable and interest rates came down during the year. The corporate investment cycle continued to remain subdued; the focus remained on working towards cashflow generation from existing projects and addressing profitability & liquidity challenges in the corporate and small & medium enterprises (SME) sectors. The government has taken several steps to improve the operating environment and also announced several reforms. These measures are expected to positively influence economic conditions going forward.
BUSINESS REVIEW
Retail Banking
The retail banking landscape is transforming rapidly with a steady stream of technology-driven innovations and changing consumer preferences. ICICI Bank has been at the forefront in leveraging technology in banking, through the launch of innovative products and solutions aimed at making banking more convenient to customers. The Bank has a multi-channel delivery model in line with its strategy to be present where its customers are. The Bank offers customers the choice to bank at the channel, time and place of their preference. The Bank also strives to anticipate the future needs of customers and deliver those expectations through technology-based solutions. In fiscal 2015, the Bank scaled up its offerings across various channels – branch, mobile, internet and social media.
The Bank expanded its network to 4,050 branches and 12,451 ATMs at March 31, 2015, the largest branch network among private sector banks. Of these, 52% of the branches were in rural and semi-urban areas. While expanding the branch network, the Bank has focused on enhancing customer convenience through its automation strategy. The Bank is also the first in the country to create a network of fully automated Touch Banking branches, available 24X7. At March 31, 2015, the Bank had 101 Touch Banking branches across 33 cities. The Bank has also deployed 1,000 self-service kiosks for accepting cash, where anyone (even non-account holders) can deposit cash in an ICICI Bank account in a completely automated manner with the account receiving instant credit instead of filling up a pay-in-slip and manually depositing cash at the teller counter. To avail this service, users have to simply use their debit card and pin number or enter the account number at the kiosk. These self service kiosks are spread across 390 cities, with about 131 available at branches across India and over one-fourth being available round-the-clock.
The Bank introduced a range of innovative products and services in fiscal 2015 leveraging digital technology and mobile communications. ‘Pockets’, India’s first digital bank was one of the major innovative offerings launched by the Bank. Anyone, including those who are not the Bank’s existing customers can instantly download the e-wallet, fund it from any domestic bank account and start transacting immediately. This is the only e-wallet which allows users to transact on any website or mobile application in India. It allows users to instantly send/request money to/from any e-mail id, mobile number, friends on Facebook and bank account. The users can also pay bills, recharge prepaid mobiles, book movie tickets, order food, send physical & e-gifts and split & share expenses with friends by using this e-wallet. Users can choose to add a savings account to the wallet, which will allow them to earn interest on their idle money.
Social media continues to play an ever-increasing role in our lives. In line with the Bank’s strategy of being present where its customers are, the Bank launched banking services on Twitter in fiscal 2015 becoming the first bank in Asia to offer customers the facility to transfer funds through a social media site. Through ‘icicibankpay’ on Twitter, customers can check their account balance, view their last three transactions and recharge prepaid mobiles in a completely secure manner.
Project Finance
The project finance environment continued to remain challenging during fiscal 2015 largely due to a slowdown in new project commitments by corporates, coupled with implementation and operational issues affecting ongoing project investments. During the year, several growth-oriented policy initiatives were unveiled by the Government to resolve existing bottlenecks, improve ease of doing business and unlock project profitability. As the benefits of these measures become visible, the Bank expects to see an improvement in the investment outlook in the economy.
The enactment of the Coal Mine (Special Provisions) Act, 2015, the finalisation of the mine allocation and auction framework and the revised coal linkage policy which is under consideration are initiatives that will provide an impetus to the power and coal mining sectors. In the power sector, projects in regional and inter-regional transmission corridors would augment and strengthen the national grid. Also, the renewable energy segment is witnessing considerable interest and new investments in solar and wind energy are expected.
MANAGEMENT’S
DISCUSSION AND ANALYSIS
BUSINESS ENVIRONMENT
Global growth was 3.4% during calendar year (CY) 2014, similar to CY2013. Growth in the United States improved to 2.4% in CY2014 compared to 2.2% in CY2013. Growth in the Euro Area and Japan, however, continued to remain subdued. There was a slowdown in economic growth in emerging market economies. China’s economy grew by 7.4% in CY2014 compared to 7.8% in CY2013. Monetary policies were divergent across economies during the year. While the UnitedStates withdrew quantitative easing in 2014, the Euro Zone and Japan expanded their monetary easing programmes. A key highlight during the year was the sharp decline in commodity prices, particularly of crude oil. The price of benchmark Brent crude fell from USD 108/barrel in the beginning of fiscal 2015 to USD 55/barrel by end-March 2015.
In India, the formation of a stable government with a strong electoral mandate in May 2014 led to an improvement in market sentiment. There was recovery in key economic parameters during the year. Economic growth improved, inflation moderated, the current account deficit and exchange rates remained stable and interest rates came down during the year. The corporate investment cycle continued to remain subdued; the focus remained on working towards cashflow generation from existing projects and addressing profitability and liquidity challenges in the corporate and SME sectors. The government has taken several steps to improve the operating environment and also announced several reforms. These measures are expected to positively influence economic conditions going forward.
In fiscal 2015, the Central Statistical Organisation (CSO) introduced a new methodology for calculation of Gross Domestic Product (GDP) and also revised the base year from fiscal 2005 to fiscal 2012. Notable changes in the methodology included replacing GDP at factor cost with GDP at market prices as the official GDP estimate. The sector-wise break-up of GDP is now represented by Gross Value Added (GVA) at market prices. As per the revised methodology, India’s GDP grew by 7.4% during the first nine months of fiscal 2015 compared to a growth of 7.0% in the corresponding period of fiscal 2014. Private consumption recorded a growth of 5.4% and investments, as measured by gross fixed capital formation, grew by 3.9% during the first nine months of fiscal 2015, compared to a growth of 5.9% in private consumption and 4.7% in investments during the first nine months of fiscal 2014. Government expenditure grew by 9.7% during the first nine months of fiscal 2015 compared to an increase of 14.0% in the corresponding period of fiscal 2014. On GVA basis, the agriculture sector grew by 1.4%, industrial sector by 5.3% and services sector by 10.7% during the first nine months of fiscal 2015 compared to 3.4%, 4.6% and 10.0% respectively, in the corresponding period of fiscal 2014. As a proportion of GVA, agriculture comprised 17.2%, industry 31.7% and services 51.1% as per the revised estimates. The CSO has estimated GDP growth for fiscal 2015 at 7.4% compared to 6.9% in fiscal 2014 and 5.1% in fiscal 2013.
Inflation, measured by the Consumer Price Index (CPI), moderated sharply during fiscal 2015 partly supported by the drop in international crude oil prices. CPI, which was recalibrated to a new base year fiscal 2012 from the earlier base year fiscal 2010, eased from 8.3% in March 2014 to 5.2% in March 2015. Food inflation dropped from 8.6% in March 2014 to 6.2% in March 2015, housing inflation eased from 12.7% to 4.8%, and services inflation from 6.4% to 3.0% during the period. Core CPI inflation, excluding food and fuel, reduced significantly from 8.0% in March 2014 to 3.8% in March 2015. The average CPI inflation for fiscal 2015 was 6.0%. In the first bi-monthly monetary polic
OVERVIEW
ICICI Bank Limited (ICICI Bank or the Bank), incorporated in Vadodara, India is a publicly held banking company engaged in providing a wide range of banking and financial services including commercial banking and treasury operations. ICICI Bank is a banking company governed by the Banking Regulation Act, 1949. The Bank also has overseas branches in Bahrain, Dubai, Hong Kong, Qatar, Sri Lanka, China, Singapore, United States of America and Offshore Banking Unit.
INDEX
OF CHARGES
No Charges Exist for Company
UNCONSOLIDATED
FINANCIAL RESULTS
(Rs.
In Million)
|
Particulars |
30.06.2015 |
|
(Audited) |
|
|
Interest Earned/Net Income from sales/services |
128125.600 |
|
Interest / discount on Advances / bills |
93752.200 |
|
Income on Investments |
26591.200 |
|
Interest on Balances with RBI & other inter bank funds |
315.300 |
|
Others |
7466.900 |
|
Other Income |
29898.900 |
|
Total Income |
158024.500 |
|
Interest Expended |
76974.700 |
|
Operating Expenses1 |
30671.800 |
|
Employee Cost |
12672.800 |
|
Other operating expenses |
17999.000 |
|
Total Expenditure |
107646.500 |
|
Operating Profit
Before Provisions and Contingencies |
50378.000 |
|
Provisions (other than tax) and Contingencies |
9553.900 |
|
Exceptional Items |
0.000 |
|
Profit (+)/ Loss
(-) from Ordinary Activities before Tax |
40824.100 |
|
Tax |
11062.500 |
|
Current Period Tax |
12785.400 |
|
Deferred Tax adjustment |
(1722.900) |
|
Net Profit (+)/
Loss (-) from Ordinary Activities after Tax |
29761.600 |
|
Extraordinary Items |
0.000 |
|
Net profit /Loss for the period |
29761.600 |
|
Paid up equity share capital (face value Rs. 10/-each) |
11610.100 |
|
Reserves excluding revolution reserves |
821909.400 |
|
|
|
|
A. Analytic ratios |
|
|
1. Public Shareholding |
|
|
Percentage of shares held by government of India |
0.07 |
|
Capital adequacy ratio |
16.37% |
|
Earning per shares |
|
|
Basic EPS before and after extraordinary items, net of tax expenses (not annualized for three months) |
5.13 |
|
Diluted EPS before and after extraordinary items, net of tax expenses (not annualized for three months) |
5.09 |
|
NPA Ratio |
|
|
Gross non-performing advances (net of write -off) |
151376.100 |
|
Net non-performing advances |
63333.100 |
|
% of gross non-performing advance (net of write-off) to gross advances |
3.68% |
|
% of net non-performing advance |
1.58% |
|
% of net non-performing advance to net advances |
1.91% |
|
Return on assets (annulaised) |
|
|
1. Public Shareholding |
|
|
- Number of shares |
580401413.500 |
|
- Percentage of shareholding |
100 |
|
PARTICULAR |
30.06.2015 |
|
|
(Audited) |
|
CAPITAL AND
LIABILITIES |
|
|
Capital |
11610.100 |
|
Employees stock options outstanding |
69.600 |
|
Reserves and Surplus |
821909.400 |
|
Deposits |
3678769.800 |
|
Borrowings |
1631195.300 |
|
Other Liabilities and Provisions |
269707.500 |
|
TOTAL CAPITAL
AND LIABILITIES |
6413261.700 |
|
|
|
|
ASSETS |
|
|
Cash and Balances with Reserve Bank of |
202341.800 |
|
Balances with Banks and Money at Call and Short Notice |
101589.700 |
|
Investments |
1480781.700 |
|
Advances |
3997376.100 |
|
Fixed Assets |
47289.000 |
|
Other Assets |
583883.400 |
|
TOTAL ASSETS |
6413261.700 |
UNCONSOLIDATED SEGMENT
RESULTS OF ICICI BANK LIMITED
(Rs. In Million)
|
Particulars |
30.06.2015 |
|
|
(Audited) |
|
Segment revenue |
|
|
Retail Banking |
90006.100 |
|
Wholesale Banking |
82992.100 |
|
Treasury |
113366.500 |
|
Other Banking |
4624.500 |
|
Total Segment
revenue |
290989.200 |
|
Less: Inter segment revenue |
132964.700 |
|
Income from
operations |
158024.500 |
|
|
|
|
Segment Results |
|
|
Retail Banking |
7348.700 |
|
Wholesale Banking |
15058.700 |
|
Treasury |
17321.700 |
|
Other Banking |
1095.000 |
|
Total Segment Results |
40824.100 |
|
Unallocated expenses |
0.000 |
|
Profit before tax |
40824.100 |
|
|
|
|
Capital Employed (segment assets – segment liabilities) |
|
|
Retail Banking |
(1384783.800) |
|
Wholesale Banking |
1651973.800 |
|
Treasury |
499280.700 |
|
Other Banking |
21299.200 |
|
Unallocated |
45819.200 |
|
Total |
833589.100 |
CONTINGENT
LIABILITIES:
(Rs. in million)
|
Particulars |
31.03.2015 [Rs. in Million] |
31.03.2014 [Rs. in Million] |
|
|
|
|
|
Claims against the Bank not acknowledged as debts |
45940.699 |
47940.741 |
|
Liability for partly paid investments |
65.787 |
65.787 |
|
Liability on account of outstanding forward exchange contracts1 |
3047985.649 |
2856365.473 |
|
Guarantees given
on behalf of constituents |
|
|
|
a) In India |
755773.834 |
759742.814 |
|
b) Outside India |
248099.209 |
274562.600 |
|
Acceptances, endorsements and other obligations |
496851.207 |
506296.301 |
|
Currency swaps1 |
534295.396 |
615713.817 |
|
Interest rate swaps, currency options and interest rate futures1. |
5021951.604 |
4040069.738 |
|
Other items for which the Bank is contingently liable |
39422.286 |
40500.690 |
Note:
The above financial results have been approved by the Board of
Directors at its meeting held on July 31, 2015.
The financial statements have been prepared in accordance with Accounting
Standard (AS) 25 on 'Interim Financial Reporting'.
Other income includes net foreign exchange gain relating to overseas operations
of Rs.3469.000 Million, Rs. 1822.300 Million, Rs.1030.900 Million and
Rs.6421.100 Million for the three months ended June 30, 2015, three months
ended March 31, 2015, three months ended June 30, 2014 and year ended March 31,
2015 respectively.
In accordance with RBI circular dated July 16, 2015, investment in Rural
Infrastructure and Development Fund and other related deposits has been
re-classified to Schedule 11 - Other Assets from Schedule 8 - Investments.
Consequently, interest on such deposits has also been re-classified to 'Others'
from 'income on investments' in Schedule 13 - Interest earned.
The shareholders of the Bank have approved the sub-division of each equity
share having a face value of 10 into five equity shares having a face value of
Rs. 2 each through postal ballot on November 20, 2014. The record date for the
sub-division was December 5, 2014. All share and per share information in the
financial results reflect the effect of sub-division for each of period
presented.
In 2008, RBI issued guidelines on debt restructuring, which also covered the
treatment of funded interest in cases of debt restructuring, that is, instances
where interest for a certain period is funded by a Funded Interest Term Loan
(FITL) which is then repaid based on a contracted maturity schedule. In line
with these guidelines, the Bank has been providing fully for any interest
income which is funded through a FITL for cases restructured subsequent to the
issuance of the guideline. However, RBI has now required similar treatment of
outstanding FITL pertaining to cases restructured prior to the 2008 guidelines
which have not yet been repaid. In view of the above, and since this item
relates to prior years, the Bank has with the approval of the RBI debited its
reserves by Rs. 9291.600 Million to fully provide outstanding FITLs pertaining
to restructurings prior to the issuance of the guideline in the quarter ended
March 31, 2015 as against over three quarters permitted by RBI.
During the three months ended June 30, 2015, the Bank has allotted 6,769,490
equity shares of Rs. 2 each pursuant to exercise of employee stock options.
Status of equity investors complaints/grievances fort eh three months ended December 31,, 2014.
|
Opening balance |
Addition |
Disposale |
Closing balance |
|
0 |
22 |
21 |
1 |
Previous period/year figures have been re-grouped/re-classified where necessary
to conform to current period classification.
The above unconsolidated financial results are audited by the statutory auditors,
B S R and Co. LLP, Chartered Accountants.
The amounts for three months ended March 31, 2015 are balancing amounts between
the amounts as per audited accounts for the year ended March 31, 2015 and nine
months ended December 31, 2014.
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.64.88 |
|
|
1 |
Rs.99.88 |
|
Euro |
1 |
Rs.72.06 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
10 |
|
PAID-UP CAPITAL |
1~10 |
9 |
|
OPERATING SCALE |
1~10 |
10 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
10 |
|
--PROFITABILITY |
1~10 |
9 |
|
--LIQUIDITY |
1~10 |
9 |
|
--LEVERAGE |
1~10 |
9 |
|
--RESERVES |
1~10 |
10 |
|
--CREDIT LINES |
1~10 |
10 |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
86 |
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.