MIRA
INFORM REPORT
|
Report Date : |
16.11.2006 |
IDENTIFICATION
DETAILS
|
Name : |
NEO
TELE -TRONIX PRIVATE LIMITED |
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Registered Office : |
6/7,
Bijoygarh, Kolkata-700032, West Bengal |
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Country : |
India |
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Financials (as on) : |
31.03.2005 |
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Date of Incorporation : |
31.01.1975 |
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Com. Reg. No.: |
21-29848 |
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CIN No.: [Company
Identification No.] |
U32109WB1975PTC02948 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CALN01900D |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Manufacturer
of Electrical Test and Measuring Instruments |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 5000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
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Comments : |
Subject
is a well established company having satisfactory track. Trade relations are
fair. General financial position is satisfactory. Payments are usually
correct and as per commitments. The
company can be considered good for normal business dealings at usual trade
terms and conditions. |
LOCATIONS
|
Registered Office : |
6/7,
Bijoygarh, Kolkata-700032, West Bengal, India |
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Tel. No.: |
91-33-24131549/
0936 |
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Fax No.: |
91-33-24131549 |
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E-Mail : |
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Website : |
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Location : |
Rented |
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Head
Office/ Factory/
Warehouse : |
117,
Mishra Para Road, Rajpur, Kolkata-7000149, West Bengal, India |
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Tel.
No.: |
91-33-24773126/
2403 |
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Fax
No.: |
91-33-24772403 |
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E-Mail
: |
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Website : |
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Location : |
Owned |
DIRECTORS
|
Name : |
Mr.
Abhijit Basuay |
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Designation : |
Managing
Director/ CEO |
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Address : |
6/7,
Bijoygarh, Kolkata-700032, West Bengal, India |
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Date of Birth/Age : |
11.06.1950 |
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|
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Name : |
Mr.
Arijit Basuray |
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Designation : |
Technical
Director |
MAJOR SHAREHOLDERS
|
Names
of Shareholders |
|
No. of Shares |
|
Mr.
Arjun Roy Chawdhury |
|
120 |
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Mr.
Arjun Basuray |
|
2450 |
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Mr.
Sumitabha Basuray |
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160 |
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Mrs.
Anjali Roy |
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80 |
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Late
Prof. M. N. Roy |
|
200 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
of Electrical Test and Measuring Instruments |
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Products : |
1. Relay and Secondary Current Injection
Test Set Ø
Different
types of Relay Test Set Ø
Variable
Frequency Source to test Frequency
Relay Ø
Time
Interval Meter (1 and 3 channel) Ø
Phase
Shifting Transformer 2. Current Injection Set Ø
AC
Primary Current Injection Set Ø
DC
High Current Low Voltage Test Set 3. Test Sets for Transformer Ø
Oil
Test Set Ø
Transformer
turns Ratio Meter Ø
Double
Frequency Double Voltage Test Set Ø
AC
High Voltage Test Set Ø
Transformer
Winding Resistance Meter Ø
Tan-delta
and Resistivity Test Set for Insulating Oil Ø
Micro-Ohm
Meter Ø
No
Load and Load loss Test Bench Ø
Capacitance
and Tan-delta Test Set for HV Equipment Ø
Partial
Discharge Test Set Ø
Impulse
Voltage Generator Ø
Insulation
Resistance cum Polarisation Index Test Kit 4. Test Sets for Motor Ø Surge Comparison Test Set Ø Capacitance and Tan-dalta Test Set for HV Equipment Ø
Millivolt
Drop Test Set Ø
Insulation
Resistance cum Polarisation Index Test Kit Ø
Motor
Test Bench for No Load Test 5. High Voltage Test Set Ø
AC
High Voltage Test Set Ø
DC
High Voltage Test Set Ø
Oil
Test Set Ø
AC
High Voltage Breakdown Test Set Ø
AC
and DC Combined High Voltage Test Set Ø
Partial
Discharge Test Set Ø
Capacitance
and Tan-dalta Test Set for HV Equipment Ø
High
Voltage Vacuum Test Set Ø
AC
High Voltage Spark Tester for Cable Ø
Different
Electrode and High Voltage Test Jig 6. High Voltage Measuring System Ø AC and DC High Voltage Measuring Kit Ø PT Operated High Voltage AC Measuring Set Ø High Voltage Potential Divider Ø Sphere Gap Assembly for High Voltage Measurement and other applications Ø Hot Line Indicator 7.
Instrument Transformer and Swetchgear Test Set Ø Instrument Transformer (CT and PT) Test Set Ø Standard Instrument, CT and PT Ø Burden Box for CT and PT Ø CT Knee Point Excitation Test Set Ø CT Excitation Current cum Ac High Voltage Test Set Ø Partial Discharge Test Set Ø Time Interval Meter (1and 3 channel) Ø
Circuit
Breaker Analyser Ø
Micro-Ohm
Meter Ø
Millivolt
Drop Test Set Ø
High
Voltage Vacuum Test Set 8. Meter Test Bench Ø
Phantom
Load Test Set Ø
Kwh
Meter Test Bench, 1 Phase and 3 Phase Ø
Phase
Shifter 9. Cable Test Set Ø
AC
High Voltage Test Set Ø
DC
High Voltage Test Set Ø
Cable
Fault Locator Ø
Capacitance
and Tan-dalta Test Set for HV Equipment Ø Partial Discharge Test Set Ø
Micro-Ohm
Meter Ø
AC
Current Injection Set Ø
Millivolt
Drop Test Set Ø
High
Voltage Spark Tester Cable Laboratory
Equipment for Research and Development Ø
Surge
Tester Ø
High
Voltage Regulated Power Supply Ø
Pinhole
Tester Ø
Power
Thyristor Test Jig Ø
Capacitor
Discharge Unit Ø
Impulse
Current Generator Miscellaneous
Product Range Ø
High
Voltage Generator for Electrostatic application Ø
Battery
Charger Ø
Isolation
Transformer Ø
Special
type of Transformers and Indicators Ø
X-ray
Transformers Ø
Brazing
Transformers |
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Exports to : |
Bangladesh,
Bhutan, Jenya, Nepal |
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Terms : |
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Selling : |
Cash
and Credit |
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Purchasing : |
Cash
and Credit |
GENERAL
INFORMATION
|
Suppliers : |
Mainly
buying from Local Markets |
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Customers : |
Manufacturers
and Government Bodies Ø
ABB
Limited Ø
Alsthom
India Limited Ø
Andrew
Yule and Company Limited Ø
Benares
Hindu University Ø
Bharat
Heaby Electricals Limited Ø
Bhilai
Steel Plant Ø
Birla
Industrial and Technology Museum Ø
BOC
India Limited Ø
Calcutta
University (Science College) Ø
Central
Power Research Institute Ø
CESC
Limited Ø
Chhotanagpur
Rope Works Private Limited Ø
Damodar
Cements and Slag Limited Ø
Delhi
Electric Supply Undertaking Ø
Disergarh
Power Supply Company Limited Ø
Essar
Projects Limited Ø
Excide
Industries Limited Ø
Grasim
Industries Limited Ø
Hindustan
Copper Limited Ø
Hindustan
Petroleum Corporation Limited Ø
Indian
Association for the Cultivation of Science Ø
Indian
Oxygen Limited Ø
Indian
Railways Ø
Jadavpur
University Ø
Madhya
Pradesh Electricity Board Ø
Mahanadi
Coal Fields Limited Ø
Murshidabad
Zilla Parishad Ø
Nagarjuna
Fertislizers and Chemicals Limited Ø
National
Thermal Power Corporation Limited Ø
Nicco
Corporation Limited Ø
Orient
Paper and Industries Ø
Orissa
State Electricity Board Ø
Paradip
Port Trust Ø
Power
Engineering Training Society Ø
Power
Grid Corporation of India Limited Ø
Ramman
Hydel Projects Ø
Reliance
Energy Limited Ø
Saha
Institute of Nuclear Physics Ø
The
Tata Iron and Steel Company Limited Ø
Tata
Metalics Limited Ø
Tata
Projects Limited Ø
Usha
Martin Industries Ø
Vishakapatnam
Steel Plant Ø
West
Bengal State Electricity Board Ø
West
Bengal Power Development Corporation Limited Ø
Adex
Corporation Limited, Bangladesh Ø
Bengal
Small Transformer Project, Bhutan Ø
Electro
Venture Limited, Bangladesh Ø
Mariakani,
Kenya Ø
Meghna
Meter Industries, Bangladesh Ø
Mobati
Rolling Mills Limited Ø
Mudbhary
and Joshi Construction Private Limited, Nepal Ø
Mudbhary
and Joshi Trade Link Private Limited, Nepal Ø
R
K International, Nepal Ø
Shakti
Engineering Limited, Bangladesh |
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Bankers : |
United
Bank of India 16,
Hemant Basy Saranu (Formerly Old Court House Street), Kolkata-700001, West
Bengal, India |
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Banking Relations : |
Satisfactory |
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Auditors : |
B. N.
Sen & Company Chartered
Accountants 8/2,
Kiran Sankar Roy Road, Kolkata-700001 |
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Tel. No.: |
91-22485553 |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
5000 |
Equity
Shares |
Rs.100/-each |
Rs.0.500 millions |
Issued,
Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
3150 |
Equity
Shares |
Rs.100/-each |
Rs.0.315 millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2005 |
31.03.2004 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
|
0.315 |
0.315 |
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2] Share Application Money |
|
0.000 |
0.000 |
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3] Reserves & Surplus |
|
0.714 |
0.684 |
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4] (Accumulated Losses) |
|
0.000 |
0.000 |
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NETWORTH |
|
1.029 |
0.999 |
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LOAN FUNDS |
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1] Secured Loans |
|
1.518 |
1.193 |
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2] Unsecured Loans |
|
0.015 |
0.065 |
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TOTAL BORROWING |
|
1.533 |
1.258 |
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DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
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TOTAL |
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2.562 |
2.257 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
|
1.183 |
1.337 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
|
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
|
0.607 |
0.305 |
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Sundry Debtors |
|
3.005 |
1.933 |
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Cash & Bank Balances |
|
0.004 |
0.005 |
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Other Current Assets |
|
0.000 |
0.000 |
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Loans & Advances |
|
0.507 |
0.879 |
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Total Current Assets |
|
4.123 |
3.122 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
|
2.650 |
2.105 |
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Provisions |
|
0.094 |
0.097 |
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Total Current Liabilities |
|
2.744 |
2.202 |
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Net Current Assets |
|
1.379 |
0.92 |
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MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
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TOTAL |
|
2.562 |
2.257 |
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PROFIT
& LOSS ACCOUNT
|
PARTICULARS |
|
31.03.2005 |
31.03.2004 |
|
Sales Turnover [including other income] |
|
7.185 |
706.299 |
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Profit/(Loss)
Before Tax |
|
0.072 |
0.000 |
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Provision
for Taxation |
|
0.026 |
0.080 |
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Profit/(Loss)
After Tax |
|
0.098 |
0.080 |
KEY
RATIOS
|
PARTICULARS |
|
|
31.03.2005 |
31.03.2004 |
|
PAT / Total Income |
(%) |
|
1.36 |
0.01 |
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Net
Profit Margin (PBT/Sales) |
(%) |
|
1.00 |
0.00 |
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Return
on Total Assets (PBT/Total
Assets} |
(%) |
|
1.36 |
0.000 |
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Return
on Investment (ROI) (PBT/Networth) |
|
|
0.07 |
0.000 |
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Debt
Equity Ratio (Total
Liability/Networth) |
|
|
4.16 |
3.46 |
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Current
Ratio (Current
Asset/Current Liability) |
|
|
1.50 |
1.42 |
LOCAL AGENCY FURTHER
INFORMATION
Web
Site Details:
They
make products in many of the industries, educational laboratories, particularly
in places where productive equipment for scientific applications are essential.
Today,
Test and Measuring Equipment are undeniable, for ensuring the safety and
quality of materials in every respect. They perform an indispensable role to
enrich the quality standards, thereby putting positive impact in every corner
of our lives. The good reputation of testing machinery is attributable to looking
forward technologies, which provide a firm foundation.
“NTPL”
products have the most pertinent features, performance and reliability to be
used in different working conditions all at the lowest possible price.
Apart
from providing after sales and service, customer also get technical support to
avail of the maximum implementation of their product.
To
optimise the systems as per their customer’s needs, their quest for finest
technology has accounted to expand the spectrum of their product range, its
related technology, thereby strengthening the in- house R & D division.
Prof. M.
N. Roy, founder of this organisation was an eminent Applied Physicist. In his
early career he pioneered design and manufacturing of transformer in India.
Later he joined the department of Applied Physics Calcutta University and
gradually opened new dimensions in teaching Electrical Technology and Control
Engineering. Throughout his life he encouraged his students to practice
innovative engineering.
In the
year 1976, after his retirement he founded NEO TELE- TRONIX PRIVATE LIMITED,
better known as NTPL which has now established itself as a leading manufacturer
of Electrical and Electronic Test and Measuring Equipment.
CMT REPORT [Corruption, Money
laundering & Terrorism]
The
Public Notice information has been collected from various sources including but
not limited to: The Courts, India Prisons Service, Interpol, etc.
1] INFORMATION
ON DESIGNATED PARTY
No records 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 records 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.44.75 |
|
UK
Pound |
1 |
Rs.85.14 |
|
Euro |
1 |
Rs.57.55 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome financial
difficulties seems comparatively below average/normal. |
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 |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|