MIRA INFORM REPORT
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Report Date : |
12.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
VIBGYOR NET – CONNECTIONS PRIVATE LIMITED |
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Registered
Office : |
No. 10, 100 Feet Main Ring Road, BTM Layout, 1st Stage,
Bangalore – 560068, Karnataka |
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Country : |
India |
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Financials (as
on) : |
31.03.2007 |
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Date of
Incorporation : |
26.09.2006 |
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Com. Reg. No.: |
08-40624 |
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CIN No.: [Company
Identification No.] |
U72200KA2006PTC040624 |
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IEC No.: |
29110717800 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Distributor of Network Cabling – Panduit International Corporation,
Remote Management Solutions – Avocent Corporation, Network Monitoring Tools –
Fluke Networks and Recking Solutions – APW and Valrack |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Maximum Credit
Limit : |
USD 5000 |
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Status : |
New Company |
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Payment
Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and has reported satisfactory business as per
its first financials. Trade relations are reported as fair. Payments are
reported as slow but correct. The Company can be considered for small to mediocre business dealings
at usual trade terms and conditions, with slight caution, initially. |
LOCATIONS
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Registered/Head
Office : |
No. 10, 100 Feet Main Ring Road, BTM Layout, 1st Stage,
Bangalore – 560068, Karnataka |
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Tel. No.: |
91-80-41202223 |
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Fax No.: |
91-80-41201515 |
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E-Mail : |
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Website : |
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Location : |
Rented |
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Office : |
# 24, Rani Arcade, 2nd Floor, 1st Avenue, Ashok
Nagar, Chennai – 600083 |
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Tel. No.: |
91-44-23712009 |
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E-Mail : |
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Office : |
17480, Dallas Parkway, Suilt 114, Dallas, TX – 75287, USA |
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Tel. No.: |
1-972-4079921 |
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E-Mail : |
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Branches : |
6100 Neil Road, Suite 500, Reno, Nevada – 89511, USA |
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Tel. No.: |
1-972-4076060 |
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Fax No.: |
1-214-7221349 |
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E-Mail : |
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Location : |
Rented |
DIRECTORS
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Name : |
Mr. Manoj B Nair |
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Designation : |
Director |
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Address : |
No. 202, Premier Villa, Pilliah Reddy Layout, Murgesh Palya, Bangalore
– 560017, Karnataka |
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Date of
Birth/Age : |
24.04.1965 |
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Qualification |
B. Tech |
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Experience |
20 Years |
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Mobile No.: |
91-9845064756 |
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E-Mail : |
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Pan. No. |
AAMPN5908L |
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Name : |
Mr. Sidambaram Mahalingam |
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Designation : |
Director |
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Address : |
7, Varppukannara Street, Madurai – 625001 |
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Date of Birth/Age : |
27.05.1927 |
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Qualification |
BA |
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Experience |
60 Years |
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Pan. No. |
AFBPM7237B |
MAJOR SHAREHOLDERS
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Names of Shareholders |
No. of Shares |
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Mr. Manoj B Nair |
50000 |
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Mr. Sidambaram Mahalingam |
50000 |
BUSINESS DETAILS
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Line of Business
: |
Distributor of Network Cabling – Panduit International Corporation,
Remote Management Solutions – Avocent Corporation, Network Monitoring Tools –
Fluke Networks and Recking Solutions – APW and Valrack |
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Agencies Held : |
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Imports : |
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Countries : |
Singapore |
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Terms : |
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Selling : |
Credit (30 days) |
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Purchasing : |
L/C |
GENERAL
INFORMATION
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Customers : |
Retailers and End Users v Cisco Systems v Texas Instrument
v Infosys v Intel v Oracle v Philips v Perotsystems v Mcafee v Polaris v Google v ABB |
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No. of Employees
: |
27 |
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Bankers : |
Corporation Bank, BTM Layout, Bangalore – 560068, Karnataka |
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Facilities : |
-- |
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Banking
Relations : |
Unknown |
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Auditors : |
Rajagopal & Badri Narayan Associates Chartered Accountant |
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Address: |
No. 25, Padmashree Mansions, 2nd Floor, 1st
Floor, Sampige Road, Malleswaram, Bangalore - 03 |
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Tel. No.: |
91-80-23310811 |
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Fax No.: |
91-80-23313666 |
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Associates/Subsidiaries
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Vibgyor Systems Private Limited 215/A, Ramkuteer, 1st Floor, 2nd Main, 7th
Cross, Indiranagar, Bangalore – 560038 Line of Business – Distribution
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CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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200000 |
Equity Shares |
Rs. 10/- Each |
Rs. 2.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs. 10/- Each |
Rs. 1.000
Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2007 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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1.000 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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0.193 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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1.193 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
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2] Unsecured Loans |
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30.015 |
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TOTAL BORROWING |
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30.015 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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31.208 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.408 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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2.856 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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13.696 |
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Sundry Debtors |
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17.079 |
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Cash & Bank Balances |
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0.801 |
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Other Current Assets |
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0.109 |
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Loans & Advances |
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1.016 |
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Total
Current Assets |
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32.701 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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4.757 |
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Provisions |
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0.000 |
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Total
Current Liabilities |
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4.757 |
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Net Current Assets |
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27.944 |
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MISCELLANEOUS EXPENSES |
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0.000 |
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TOTAL |
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31.208 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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|
31.03.2007 |
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Sales Turnover |
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37.948 |
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Other Income |
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0.122 |
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Total Income |
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38.070 |
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Profit/(Loss) Before Tax |
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1.927 |
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Provision for Taxation |
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-- |
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Profit/(Loss) After Tax |
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1.927 |
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Expenditures : |
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Cost of Goods Sold |
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33.686 |
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Administrative Expenses |
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|
4.164 |
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Interest |
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|
0.027 |
KEY RATIOS
|
PARTICULARS |
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|
31.03.2007 |
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PAT / Total Income |
(%) |
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5.06 |
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Net Profit Margin (PBT/Sales) |
(%) |
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5.08 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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5.82 |
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Return on Investment (ROI) (PBT/Networth) |
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1.62 |
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Debt Equity Ratio (Total Liability/Networth) |
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29.15 |
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Current Ratio (Current Asset/Current Liability) |
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6.87 |
LOCAL AGENCY
FURTHER INFORMATION
To carry on the business
in India or elsewhere of buying, selling, marketing of hardware, software and
electronic goods of all descriptions for educational, engineering and domestic
purposes, particularly cabinets, racks and bar – coding, development of
software, development in areas of systems software application, software for
application in telecommunication, computer, banking and other areas.
Trade
References
Panduit Intl
Corporation
1st
Floor, GEM Plaza, Infantry Road, Bangalore
Mr. Sreelal
Mobile –
91-9845069567
Tel. No.
91-80-25321079/80
Motorola India
Electronic Private Limited
Bagmane Tech Park,
66/1, Plot No. 05, C V Raman Nagar, Bangalore – 560093
Tel. No.
91-80-26010000
Fax. No.
91-80-25343366
Network Solutions
Private Limited
32, Grape Garden, 6th
Block, 17th ‘H’ Main Road, Koramangala, Bangalore – 560095
Tel. No.
91-80-25508365/25535228
Fax. No.
91-80-25520949/25523379
Mr. Prasanna
Mobile No.
91-9845271789
Avocent India
10, Jai Plaza II,
80 Ft Road, 1st Block, Koramangala, Bangalore – 560095
Tel. No.
91-80-41217801
Fax. No.
91-80-41217802
Mr. Floyd Britto
Mobile.:
91-9343828428
As per
Website Details
Incorporated in 1997, Vibgyor is a service provider in the IT Industry with end-to-end solutions for all the Networking needs of the IT Industry. Headquartered in Bangalore, they have branches in Chennai and Hyderabad and a channel of over 125 Network System Integrators to serve the entire South Indian market.
They also operate from their branch office in Dallas, TX (USA) to serve their
Global Clients.
Apart from top quality, best-in-class products and solutions, their key
differentiator is their commitment to building lasting relationship with
partners. Based on the trust and mutual respect for each individual?s
professionalism, they constantly improve on their seamless work ethic. In a
world that is increasingly fragmented, their working philosophy comes as a
refreshing change. A philosophy of building relationships with everyone they
are associated with; their principles, system integrator partners, installer
partners, reseller partners, valued patrons and clients and most importantly,
building relationship with technology itself. In the final analysis, this is
the bedrock upon which they have grown and will continue to grow, by building
relationship.
Manoj Nair, a Graduate from IIT Kanpur promoted Vibgyor in
the year 1997 to provide the necessary support to the IT Industry with the
required Hardware Technologies. He has served as the National President of
Round Table India, a renowned NGO providing education for half a million
underprivileged children. He has been the main driving force behind the company
existence. His energy, enthusiasm and drive have been the main reason for the
growth of the company. He has been personally heading the sales /marketing
operations in the company & has managed the relationships with clients,
partners & principals.
Vibgyor Systems was promoted in 1997 as a premier organization focused on the distribution of various computer networking products and solutions. They are the exclusive authorized distributors for M/s. Panduit International Corporation, USA and M/s. Avocent Corp, USA. Besides, they are also the Authorized Dealers for APW, Valrack, and Fluke Networks.
Promoted by a team of hardcore and experienced personals from the IT industry,
the organization which took birth as Vibgyor Marketing, in the later half of
the year 2000 was incorporated as Vibgyor Systems Private. Limited. They are
based at Bangalore, the IT capital of India with branches in Chennai and Hyderabad
in India and Dallas, TX (USA) overseas.
October 2006 Vibgyor Systems partnered with Novel Team, a US based corporation
to strengthen the services by combining the Hardware Technology expertise of
Vibgyor and Software Technology expertise of Novel Team, with a vision to
contribute to the booming Indian Economy with a new phase and name Vibgyor
Net-Connections
Their Vision : To be a world-class supplier of IT products and services that help their clients make gobs of money.
Their Mission : "To stand above the competition by providing their customers with exceptional services, quality products and unparalleled customer support."
They stand far ahead of their competitors due to:
v Customer Orientation that champions the customer's point-of-view.
v Industry and market domain expertise.
v High-end quality products and solutions.
v Seamless operations strategy that integrates technology & business goals.
v Well-honed, best-in-class business process improvement practices.
v Continuous learning in established and emerging technologies.
v Skilled and trained manpower.
v Quality Assurance.
Panduit :
They are TIER-I Distributor of Panduit International Corp (USA) products, a
leading manufacturer of high-quality products for wiring and communication
applications. They have been associated with Panduit since its evolution in the
Indian Market and have been the sole promoter of Panduit quality products in
India, which is the base for the strong relationship they have with Panduit
International Corp.
Avocent:
They are a TIER-I Distributor for Avocent Corp (USA) Products & Solutions.
Avocent leads the market with connectivity and manageability solutions that
centralize control of not only servers, but also network devices in multiple
locations. IT Management solutions are available for the data center and branch
locations.
Avocent?s IP-based manageability systems eliminate distance limitations and
provide 24/7 access and control of the data center. Avocent centralized
management software allows IT administrators to sit at a single console and
have secure, local and remote control of multiple servers, serial devices, IPMI
proxy appliances and power management systems.
Fluke:
They are an ESV (Enterprise Super Vision) & ISV (Infrastructure Super
Vision) Solutions partners for Fluke Networks, USA. Fluke Networks provides
innovative solutions for the testing, monitoring and analysis of enterprise
networks. Fluke Networks? comprehensive line of Network Super Vision Solutions
provide network installers, owners, and maintainers with superior vision,
combining speed, accuracy and ease of use to optimize network performance.
LAN/WAN Analysis and Monitoring: Distributed Solutions
Enterprise Performance Center
Enterprise Performance Center provides an integrated view
of end-to-end performance monitoring, traffic analysis and device performance.
Enterprise Performance Center provides fast visibility into the worst
performing networks, applications, servers, and infrastructure devices with
role-specific views that allow the entire IT team to collaborate in delivering
improved performance to the business.
OptiView Link Analyzer
OptiView Link Analyzer provides comprehensive visibility for
network and application performance troubleshooting on Ethernet networks, all
in an ASIC architecture for real-time monitoring and packet capture up to line
rate Gigabit speeds. Link Analyzer is rack mountable and provides 10/100 and
full duplex Gigabit Ethernet network monitoring and troubleshooting.
SuperAgent
SuperAgent is the first stop to monitor, baseline, and
troubleshoot application performance. It provides detailed insight into the
end-user experience throughout the enterprise for any TCP-based
application–without the use of distributed agents or network probes. Super
Agent isolates the source of the problem–whether it is network, application, or
server related.
ReporterAnalyzer
ReporterAnalyzer is an analysis engine that illustrates how
application traffic is impacting network performance. Gathering Cisco NetFlow
information, ReporterAnalyzer shows you which applications are using bandwidth,
who is using the bandwidth and when. ReporterAnalyzer provides an
enterprise-wide view of the network traffic, allowing network managers to make
timely and cost-effective decisions based on real time and historical network
performance data.
NetVoyant
NetVoyant, the device performance module of the Enterprise Performance
Center, provides SNMP-based performance metrics for monitoring and managing
devices such as routers, swithes, and servers. NetVoyant helps you reduce
troubleshooting time and make informed infrastruture investments by
understanding the cause of device performance issues. NetVoyant also utilizes
Cisco IP SLA to measure VoIP call quality.
Xgig Analyzer
Xgig Analyzer is a solution for high speed enterprise data
centers. Xgig provides the means to simultaneously analyze multiple 10Gigabit
or 1Gigabit Ethernet links without the risk of missing a packet. This
performance helps solve network and application problems faster, while
maintaining higher uptime and performance for end users.
OptiView Workgroup Analyzer
Locate the OptiView Workgroup Analyzer anywhere on the
network to gain a “virtual” presence for analysis and troubleshooting of any
segment of the enterprise network. Designed for integrated use with OptiView
Console and Protocol Expert so you can monitor and analyze 10/100/1000 Ethernet
networks.
OptiView OC3/OC12 WAN Analyzer
OptiView WAN Analyzer allows you to remotely evaluate the
status of the expensive WAN links from the physical to the application layer.
With virtually no configuration required, the OptiView WAN Analyzer provides an
at-a-glance view of WAN link health along with a quick, simple drill-down for
in-depth analysis.
OptiView DS3/E3 WAN Analyzer
OptiView WAN Analyzer allows you to remotely evaluate the
status of the expensive WAN links from the physical to the application layer.
With virtually no configuration required, the OptiView WAN Analyzer provides an
at-a-glance view of WAN link health along with a quick, simple drill-down for
in-depth analysis.
OptiView T1/E1 WAN Analyzer
OptiView WAN Analyzer allows you to remotely evaluate the
status of the expensive WAN links from the physical to the application layer.
With virtually no configuration required, the OptiView WAN Analyzer provides an
at-a-glance view of WAN link health along with a quick, simple drill-down for in-depth
analysis.
Single Port In-line Tap
In-line taps provide a clear window into the network’s
performance and activity without the use of a SPAN port. Monitoring, analysis
and security devices all benefit from the use of in-line taps that keep packet
timing, errors and VLAN tags visible and intact for the most accurate analysis.
Ethernet and WAN topologies for both copper and fiber are supported.
Multi-Port In-line Tap
Multi-port in-line taps provide a clear window into the
network’s performance and activity without the use of SPAN ports. Monitoring,
analysis and security devices all benefit from the use of in-line taps that
keep packet timing, errors and VLAN tags visible and intact for the most
accurate analysis. Ethernet and WAN topologies for both copper and fiber are
supported. Remote port configuration lets users point their analysis to
different network segments without the need to move cables or devices between
locations.
Span Tap (Matrix Switch)
Multi-port SPAN switches maximize visibility for analysis
devices across multiple SPAN segments. Remote port configuration lets users
point their monitoring, analysis and security devices to different network
segments without the need to move cables or devices between locations. This
capability speeds troubleshooting, extends visibility and return on investment
for the network analysis infrastructure.
Aggregating In-Line Tap
Multi-port SPAN switches maximize visibility for analysis
devices across multiple SPAN segments. Remote port configuration lets users
point their monitoring, analysis and security devices to different network
segments without the need to move cables or devices between locations. This
capability speeds troubleshooting, extends visibility and return on investment
for the network analysis infrastructure.
Aggregating SPAN Tap
Aggregating SPAN taps merge data from multiple SPAN ports
into a single data stream, providing a window into the network’s performance and
activity. Single port monitoring, analysis and security devices can now be
leveraged across multiple switched networks simultaneously, extending
visibility and return on investment.
LAN/WAN
Analysis and Monitoring: Software
Software solutions for distributed network analysis and
monitoring with the ability to isolate and troubleshoot application response
time performance problems.
OptiView Console
OptiView Consoles’ centralized operation with
remote access capability quickly discovers and continuously monitors network
devices while providing seven layer documentation of their connectivity. With
one look, you can quickly identify where a problem is and access the detailed
information you need to resolve it.
OptiView Protocol Expert
OptiView Protocol Expert software provides in-depth network and
application troubleshooting. When a problem is isolated to the network or
application, packet capture and extensive protocol decodes ease the analysis of
network and application communications. Expert diagnostics help identify and
resolve common application and network problems without the need for extensive
packet analysis.
OptiView Link Analyzer
OptiView Link Analyzer provides comprehensive visibility for network and
application performance troubleshooting on Ethernet networks, all in an ASIC
architecture for real-time monitoring and packet capture up to line rate
Gigabit speeds. Link Analyzer is rack mountable and provides 10/100 and full
duplex Gigabit Ethernet network monitoring and troubleshooting.
Enterprise Hardware
and Software Suites
OptiView Vision Suites
|
OptiView
Distributed Vision Suite |
OptiView
Professional Vision Suite |
|
OptiView Gigabit
Distributed Vision Suite |
OptiView WAN Vision
Suite |
LAN Testers
Complete line of handheld network testers provide
frontline technicians with the ability to quickly resolve link, cable and
connectivity issues – reducing problem escalation.
NetTool Series II Inline Network Tester
Isolate and document network device and application connectivity issues
in seconds with NetProve diagnostics. Connect inline to see network traffic and
solve VoIP and PoE problems.
CableIQ Qualification Tester
The first qualification tool designed for network technicians to
troubleshoot connectivity problems and qualify cabling bandwidth. Detects
speed/duplex settings of attached switches and PCs.
LinkRunner Network Multimeter
Quickly verify and troubleshoot network drops with the essential
personal tool. View link, speed, duplex, cable length, PC NIC response and ping
key devices.
IntelliTone Pro Toner and Probe
IntelliTone digital signalling technology finds cables other
toners/probes can’t. Rejects noise and safely tones active networks. Telecom two-line
service ID, Ethernet link and cablemap.
APW:
Their range of products and solutions include APW President, a UK based
company, pioneers in Enclosure systems and Racking solutions. APW
President has a range of products and Solutions for all types of small, medium
and large businesses.
Floor Standing – Networking
APW President offers a wide range of floor – standing
cabinets for Networking applications. These include Aluminum or Steel cabinets,
load rating of 250 Kgs to over 950 Kgs, heights from 17U to 45U, widths of 600
& 800mm, and depths of 600, 800 and 1000mm. There are also models certified
for IP55 levels of environment protection, earthquake-proofed and EMC
compliance.
CYBERack
APW Presidents CYBERack is high on fine styling and value-for-money features. It has been designed and engineered specifically for easy assembly and rapid equipment integration at site.
Its innovative design is based on the use of aluminium profiles for the four vertical
pillars, which are connected solidly to two welded steel end-frames. This
results not only in low weight and an elegant appearance, but also permits
quick assembly. Due to the rigidity provided by the steel end-frames, the
CYBERack is able to handle equipment loads of upto 500 kgs. This makes it an
ideal choice for mid-range use as a Server enclosure, or for network cabling
purposes.
The facility to transport and stock in fully knocked-down ready-to-assemble
kits make the CYBERack best suited for easy distribution and System Integration
use.
CYBERack DLX
APW Presidents CYBERack DLX is not just a world class cabinet system for network servers, it is a path-breaker as well. It’s innovative hybrid design combines the aesthetic qualities of aluminium with the strength of steel. This results in a highly attractive appearance, as well as a robust and rigid frame - ideal for housing high performance enterprise servers, alongwith structured cabling components.
Heavy grade aluminium profiles are used for the vertical pillars of the
cabinet. These are joined together at top and bottom by rigid steel End Frames.
This creates a very strong frame structure - designed and tested to withstand
Indian transportation conditions, unlike other foreign designed cabinet
systems.
An added benefit is that the top frame is accommodated within the Top Cover
assembly itself. For the user this results in 2 units of additional usable
space within the same overall cabinet height - besides imparting a very clean
look to the interior of the CYBERack DLX.
SmartRack
A popular model abroad, it is also available locally. The Smart Rack, winner at the Industry Forum Design, Hannover, has been widely acclaimed for its award-winning multipurpose design that allows for 19", metric, as well as wider ETSI equipment to be fitted in one and the same rack.
Light in weight and made of steel, it can be supplied in complete knockdown
condition ( CKD ) and can be easily assembled on-site. A smart choice today
that will stand you in good stead tomorrow. The insurance against rapid
obsolescence.
Its Net Server version has a load carrying capacity of 500 kgs.
This open frame rack, made of steel, is designed for
mounting 19 communication equipment and patch panels. Supplied in a flat pack
and easy to assemble, this open frame rack offers all-round accessibility.
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No 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.39.36 |
|
UK Pound |
1 |
Rs.80.31 |
|
Euro |
1 |
Rs.57.79 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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 |
|