MIRA
INFORM REPORT
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Report Date : |
25.05.2007 |
IDENTIFICATION DETAILS
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Name : |
SCOPE E-KNOWLEDGE CENTRE PRIVATE LIMITED |
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Registered Office : |
II Floor, |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
23.01.1986 |
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Com. Reg. No.: |
18-12592 |
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CIN No.: [Company
Identification No.] |
U74999TN1986PTC012592 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CHES20287B |
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PAN No.: [Permanent
Account No.] |
AABCS0286N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Provider of integrated knowledge services and solutions to
the scientific and business community. |
RATING & COMMENTS
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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 404000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established and reputed company having satisfactory track.
Directors are reported as experienced and respectable businessmen. Trade
relations are reported as fair. Business is active. Payments are usually
correct and as per commitments. The company can be considered normal for business dealings at usual trade
terms and conditions. |
LOCATIONS
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Registered/ Head Office : |
II Floor, |
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Tel. No.: |
91-44-24314201-03 |
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Fax No.: |
91-44-24314206 |
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E-Mail : |
DIRECTORS
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Name : |
Mr. Sivadas Raghava |
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Designation : |
Director |
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Address : |
K 303, The Atrium, 49, |
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Date of Birth/Age : |
13.11.1961 |
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Date of Appointment : |
07.01.1987 |
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Name : |
Mr. Chandu Nair |
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Designation : |
Director |
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Address : |
No.4, 4th |
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Date of Birth/Age : |
19.01.1962 |
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Date of Appointment : |
07.01.1987 |
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Name : |
Mr. Vijayalakshmi Rao |
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Designation : |
Director |
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Address : |
2A, Kences Sundar, 21, |
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Date of Birth/Age : |
14.08.1960 |
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Date of Appointment : |
20.06.2002 |
KEY EXECUTIVES
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Name : |
Mr. R Prem |
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Designation : |
Company Secretary |
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Address : |
A1, Srinivasa Apartments, New |
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Date of Birth/Age : |
29.01.1970 |
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Date of Appointment : |
01.08.2006 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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Percentage of
Holding |
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Equity Shares |
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Mr. R Sivadas |
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86280 |
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Mr. Chandu Nair |
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86280 |
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Mr. Vijayalakshmi Rao |
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30000 |
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Total |
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202560 |
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Class A Equity Shares |
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Scope e-Knowledge Center Holdings Limited |
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8374 |
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8% Non cumulative Preference Shares |
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Scope e-Knowledge Center Holdings Limited |
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4417496 |
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Grand
Total |
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4628430 |
As on 31.03.2006
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Names of Shareholders |
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Percentage of
Holding |
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Foreign holdings |
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44.76 |
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Directors or their relatives |
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54.14 |
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Others |
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1.10 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Provider of integrated knowledge services and solutions to
the scientific and business community. |
GENERAL INFORMATION
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Bankers : |
Not Available |
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Auditors : |
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Name : |
R Subramanian & Company Chartered Accountants |
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Address : |
28C, |
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Memberships : |
v
ICSTI Member v
SIIA v
Nfais v
Indo American Chamber of Commerce v
EU India Chambers v
CII v
ESC v
NASSCOM v
American Business Media |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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12000000 |
Equity Shares |
Rs.10/- each |
Rs.120.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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374140 |
Equity Shares |
Rs.10/- each |
Rs.3.741
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 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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3.741 |
46.284 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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97.260 |
9.738 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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101.001 |
56.022 |
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LOAN FUNDS |
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1] Secured Loans |
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2.480 |
0.725 |
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2] Unsecured Loans |
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0.000 |
0.000 |
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TOTAL BORROWING |
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2.480 |
0.725 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.371 |
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TOTAL |
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103.481 |
57.118 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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28.236 |
16.952 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.000 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
0.000 |
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Sundry Debtors |
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21.618 |
37.646 |
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Cash & Bank Balances |
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49.781 |
16.818 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
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9.882 |
6.306 |
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Total
Current Assets |
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81.281 |
60.770 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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3.161 |
19.079 |
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Provisions |
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2.875 |
1.525 |
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Total
Current Liabilities |
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6.036 |
20.604 |
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Net Current Assets |
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75.245 |
40.166 |
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MISCELLANEOUS EXPENSES |
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0.000 |
0.000 |
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TOTAL |
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103.481 |
57.118 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2006 (Estimated) |
31.03.2005 (Estimated) |
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Total Income |
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200.000 |
110.000 |
KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
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NA |
NA |
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Net Profit Margin (PBT/Sales) |
(%) |
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NA |
NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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NA |
NA |
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Return on Investment (ROI) (PBT/Networth) |
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NA |
NA |
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Debt Equity Ratio (Total Liability/Networth) |
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0.08 |
0.38 |
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Current Ratio (Current Asset/Current Liability) |
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13.47 |
2.95 |
LOCAL AGENCY FURTHER INFORMATION
Website Details :
Subject is an award winning provider of integrated knowledge services
and solutions to the scientific and business community across the world. Subject
is leveraging its expertise and close to two decades of experience to offer
niche services in business and industry research, databases, content and
analysis and intellectual property (IP) research. With over 400 professionals,
mostly Engineers, MBAs & CPA equivalent, patent engineers, doctors and
business editors, they are creating a new kind of e-knowledge organization that
is based on the emerging paradigm of linking knowledge and human resources
around the world without regard to geographical distances. Scope's value added
services are executed from a remote location, thereby enabling substantial
savings.
Subject helps its clients create unique intellectual property of
enduring value.
LINKS
Outsourcing Supply India
Outsourcing Supply is the one-stop-shop for outsourcing services in
Profile
Managed by professionals with management degrees from Indian
Institute of Management, Ahmedabad (IIM-A) one of the top 5 Business Schools in
the World
Over 19 years in business with roots in business &
industry research, databases, content and analysis
Venture Funded; Cash Flow positive, financially stable
Offices In
Currently doing knowledge work for U.S / U.K / Europe /
Scope's Core Competence
Their expertise is to ...
Use different kinds of data, from a variety
of formats and sources
to add value
to
knowledge
& deliver to consistent world - class standards
They are a client-focused company with solid information, research and
analytical capabilities.
Management
R. Sivadas, Director & CEO
A co-founder of Scope, Sivadas is a Postgraduate in Management from Indian
Institute of Management, Ahmedabad. With over 22 years of post-qualification
experience, he is in charge of Business Development for UK & Europe and
oversees the Finance, Corporate and Legal functions in Scope. He has
coordinated and executed research & consulting assignments for
multinational, public and private sector organizations across verticals. He was
previously CEO of e-Chem.com Limited (a Sify group company), and earlier with
UB Group,
Chandu Nair, Director &
President
A co-founder of Scope, Chandu is a Postgraduate in Management from Indian
Institute of Management, Ahmedabad. Member of the IT & BPO panel of
the Confederation of Indian Industry. He has over 22 years of experience in
industry consultancy, business information and media. Currently, in charge of
business development for North America and oversees the Quality and Systems
functions in Scope, Chandu has consulted with corporates, e-business, content
and information intermediaries, banks and financial institutions as also
not-for-profit organizations. He was previously correspondent for Business
World magazine,
Vijayalakshmi Rao, Director & COO
A postgraduate in Management from Indian Institute of Management, Ahmedabad,
Vijayalakshmi (Viji) has almost 23 years of experience in Knowledge Management
and consulting. She is in charge of all project execution and oversees the
Human Resource Function in Scope. She has consulted with several leading public
and private organizations in the engineering, health care, supply chain &
logistics and IT domains. She has worked in the Marketing & Corporate
Planning functions for TI cycles of
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 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
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Indian Rupees |
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US Dollar |
1 |
Rs.40.60 |
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1 |
Rs.80.65 |
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Euro |
1 |
Rs.54.55 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
7 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
6 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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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 |
YES |
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--AFFILIATION |
YES/NO |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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54 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
>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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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/normal. |
Small |
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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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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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