MIRA
INFORM REPORT
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Report Date : |
03.02.2007 |
IDENTIFICATION DETAILS
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Name : |
DAWNAY
DAY A V ANALYTICS PRIVATE LIMITED |
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Registered Office : |
B-1,
G-01, Innova, Marathon next Gen, Off G K Marg, Lower Parel (West), Mumbai –
400013, Maharashtra, India |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
02.12.2005 |
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Com. Reg. No.: |
11-157773 |
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CIN No.: [Company
Identification No.] |
U67120MH2005PTC157773 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMD13413B |
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PAN No.: [Permanent
Account No.] |
AACCD2692N |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Subject
is engaged in the activities related to investment analysis, securities analysis,
credit rating, performance rating of companies, securities, stocks,
debentures, bonds, options, futures,
derivatives, pass through certificate, and other products of a
financial nature without limiting the generality of the above to act as analysts. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
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Status : |
New
company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject
is a new company and yet to establish itself. Company has incurred some
initial losses. No further information could be available at present. The
company can be considered for small business dealings with slight caution,
initially. |
LOCATIONS
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Registered Office : |
B-1,
G-01, Innova, Marathon next Gen, Off G K Marg, Lower Parel(West), Mumbai –
400013, Maharashtra, India |
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Tel. No.: |
91-22-66172222 |
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Fax No.: |
91-22-66172099 |
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E-Mail : |
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Website : |
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US
Office : |
New
Jersey, US |
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Tel.
No.: |
1-8627033703 |
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E-Mail
: |
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Website : |
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Corporate
Office : |
2096,
Oberoi Garden Estate, Chandivali, Andheri (East), Mumbai – 400072, India |
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Tel.
No.: |
91-22-56754483
/ 84 / 85 |
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E-Mail
: |
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Website : |
DIRECTORS
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Name : |
Mr
Vikram Gopalkrishnan |
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Designation : |
Director |
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Address : |
601,
Skylark, New Kantwadi Road, Pali Hill, Bandra (West), Mumbai – 400050,
Maharashtra, India |
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Name : |
Mr
Alok Sureshchandra Vajpeyi |
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Designation : |
Director |
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Address : |
Flat
No 06, 6th floor, Sanghi Residency, Palki Gully, Prabhadevi,
Mumbai – 400025, Maharashtra, India |
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Date of Birth/Age : |
24.08.1960 |
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Date of Appointment : |
03.12.2005 |
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Name : |
Mr
Shailesh Chandrakant Dhuri |
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Designation : |
Director |
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Address : |
506,
Vaastu Ship, Shree Vaastu Enclave, Rajmata Jijabai Road, Pump House, andheri
(East), Mumbai – 400093, Maharashtra, India |
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Date of Birth/Age : |
10.01.1971 |
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Date of Appointment : |
03.12.2005 |
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Name : |
Mr
Paresh Vishamber Sharma |
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Designation : |
Director |
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Address : |
1702,
Seventeen Floor, EMP-47, Evershine Millenium Paradise, Thakur Village,
Kandivali (East), Mumbai – 400101, Maharashtra, India |
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Date of Birth/Age : |
24.02.1970 |
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Date of Appointment : |
16.01.2006 |
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Name : |
Mr
Gaurav Vijaykumar Gupta |
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Designation : |
Director |
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Address : |
Plot
No 222, B Tower, Vikasini, Sector – 8B, CBD, Navi Mumbai – 400611,
Maharashtra, India |
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Date of Birth/Age : |
22.01.1972 |
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Date of Appointment : |
03.12.2005 |
MAJOR SHAREHOLDERS
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Names
of Equity Shareholders |
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No. of Shares |
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Mr
Joby Mathew |
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5000 |
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Mr
Srinivas Parthasarathi |
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5000 |
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Category
of Equity Shareholders |
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Percentage of Holding |
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Bodies
corporate |
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99.99 |
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Other
top fifty shareholders |
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0.01 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject
is engaged in the activities related to investment analysis, securities analysis,
credit rating, performance rating of companies, securities, stocks,
debentures, bonds, options, futures,
derivatives, pass through certificate, and other products of a
financial nature without limiting the generality of the above to act as analysts. |
GENERAL
INFORMATION
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Auditors : |
Deloitte
Haskins and Sells Chartered
Accountants |
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Tel. No.: |
12, Dr
Annie Besant Road, Opposite Shiv Sagar Estate, Worli, Mumbai – 400018,
Maharashtra, India |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
100,000 |
Equity
Shares |
Rs 10/- each |
Rs 1.000 Millions |
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15,00,000 |
Preference
Shares |
Rs 10/- each |
Rs 15.000 Millions |
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Total |
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Rs 16.000
Millions |
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As on 06.10.2006
Issued,
Subscribed & Paid-up Capital :
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No.
of Shares |
Type |
Value |
Amount |
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100,000 |
Equity
Shares |
Rs 10/- each |
Rs 1.000 Millions |
|
12,50,000 |
Preference
Shares |
Rs 10/- each |
Rs 12.500 Millions |
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Total |
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Rs 13.500
Millions |
As on 31.03.2006
Issued,
Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
10,00,000 |
Equity
Shares |
Rs 10/- each |
Rs 10.000 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
ABRIDGED
BALANCE SHEET
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SOURCES OF FUNDS |
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|
31.03.2006 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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10.000 |
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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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0.000 |
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4] (Accumulated Losses) |
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(2.320) |
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NETWORTH |
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7.680 |
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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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0.500 |
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TOTAL BORROWING |
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0.500 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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8.180 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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1.288 |
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Capital work-in-progress |
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1.011 |
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INVESTMENT |
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4.182 |
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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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0.000 |
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Sundry Debtors |
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1.181 |
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Cash & Bank Balances |
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0.468 |
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Other Current Assets |
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0.000 |
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Loans & Advances |
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0.935 |
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Total Current Assets |
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2.584 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
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0.897 |
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Provisions |
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0.013 |
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Total Current Liabilities |
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0.910 |
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Net Current Assets |
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1.674 |
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MISCELLANEOUS EXPENSES |
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0.025 |
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TOTAL |
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8.180 |
KEY
RATIOS
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PARTICULARS |
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31.03.2006 |
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Debt
Equity Ratio(Total Liability/Networth) |
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0.18 |
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Current
Ratio(Current Asset/Current Liability) |
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2.83 |
LOCAL AGENCY
FURTHER INFORMATION
Subject is a full service financial research services company serving
clients in UK, US and India. Our domain knowledge in the area of financial markets
along with seamless delivery capabilities provides our clients an opportunity
to improve their productivity & to sharpen their competitive edge.
Company has the marketing offices at onshore locations reaching out to
clients to address their day to day requirements. Currently we have offices
Mumbai, New Jersey & London.
Business
Subject is eneged in the activities related to and act as investment counsellers, consultants, advisors for securities, commodities, currencies, bullion, obligations, and to advise on investment of funds in various avenue like growth funds, income fund, tax exempt funds, pension fund, insurance and all other financial products and to provide consultancy services of all kind and descriptions without prejudice to the generality of the foregoing.
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.44.14 |
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UK
Pound |
1 |
Rs.86.79 |
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Euro |
1 |
Rs.57.44 |
SCORE &
RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
2 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
-- |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
2 |
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--RESERVES |
1~10 |
1 |
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--CREDIT LINES |
1~10 |
-- |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
15 |
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 |
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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 |
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<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 |
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