MIRA
INFORM REPORT
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Report Date : |
06.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
DIGITAL PROMOTERS
INDIA PRIVATE LIMITED |
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Registered Office : |
502 and 505,
Vishal Bhawan, 95, Nehru Place, New Delhi – 110 019 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
27.09.1988 |
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Com. Reg. No.: |
55-33343 |
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CIN No.: [Company
Identification No.] |
U74899DL1988PTC033343 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELD02246G |
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Legal Form : |
Private Limited
Liability Company |
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Line of Business : |
Manufacturer,
Exporter, Importer and Supplier of Temperature Instruments, Recorders,
Techometers, Timers, Pressure Transmitter and other Instruments. |
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 37000 |
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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
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 Office : |
502 and 505,
Vishal Bhawan, 95, Nehru Place, New Delhi – 110 019, India |
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Tel. No.: |
91-11-41618100 /
26418118 / 26445866 / 26471483 / 26437849 / 26425146 / 26281944 |
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Mobile No.: |
91-9811024821 /
9312242669 |
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Fax No.: |
91-11-26437849 /
26471483 / 26425146 |
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E-Mail : |
dpipl@vsnl.com , digitalpromoters@gmail.com
, info@digitalpromoters.com |
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Website : |
DIRECTORS
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Name : |
Mr. Anil Sood |
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Designation : |
Whole Time
Director |
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Address : |
C-81, Kirti
Nagar, New Delhi – 110 015, India |
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Date of Birth/Age : |
22.09.1954 |
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Date of Appointment : |
27.09.1988 |
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Name : |
Mr. Surender
Mohan Khera |
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Designation : |
Whole Time
Director |
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Address : |
33-B, Pocket-C,
SFS Flats, Mayur Vihar – III, New Delhi – 110 096, India |
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Date of Birth/Age : |
22.07.1937 |
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Date of Appointment : |
17.03.2003 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Anil Sood |
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15100 |
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Mr. Surinder
Mohan Khera |
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15200 |
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Ms. Geeta Sood |
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100 |
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Total |
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30400 |
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Equity Share
Breakup |
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Percentage of
Holding |
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Category |
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Directors or relatives of directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer,
Exporter, Importer and Supplier of Temperature Instruments, Recorders,
Techometers, Timers, Pressure Transmitter and other Instruments. |
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Products : |
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Exports : |
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Countries : |
Malaysia, Sri
Lanka, Bangladesh, Kazakhstan and Turkey |
GENERAL
INFORMATION
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No. of Employees : |
About 27 |
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Bankers : |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Vinay Sethi and
Associates Chartered
Accountants |
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Address : |
I-83A, Level-3, Lajpat
Nagar – II, New Delhi – 110 024, India |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Shares |
Rs. 10/- each |
Rs. 1.000 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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30400 |
Equity Shares |
Rs. 10/- each |
Rs. 0.304 million |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.304 |
0.304 |
0.304 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
8.894 |
5.037 |
3.123 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
9.198 |
5.341 |
3.427 |
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LOAN FUNDS |
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1] Secured Loans |
0.587 |
0.800 |
0.392 |
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2] Unsecured Loans |
0.109 |
0.188 |
0.311 |
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TOTAL BORROWING |
0.696 |
0.988 |
0.703 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.023 |
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TOTAL |
9.894 |
6.329 |
4.153 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
2.382 |
2.336 |
1.585 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.945 |
0.694 |
0.425 |
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DEFERREX TAX ASSETS |
0.062 |
0.004 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
3.585
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3.506 |
2.707 |
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Sundry Debtors |
6.464
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5.535 |
2.887 |
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Cash & Bank Balances |
3.619
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2.301 |
0.846 |
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Other Current Assets |
0.039
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0.000 |
0.000 |
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Loans & Advances |
2.372
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1.653 |
1.989 |
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Total
Current Assets |
16.079
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12.995 |
8.429 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
5.960
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7.267 |
4.790 |
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Provisions |
3.614
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2.433 |
1.496 |
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Total
Current Liabilities |
9.574
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9.700 |
6.286 |
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Net Current Assets |
6.505
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3.295 |
2.143 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
9.894 |
6.329 |
4.153 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
85.362 |
60.895 |
48.760 |
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Other Income |
0.117 |
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Total Income |
85.479 |
60.895 |
48.760 |
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Profit/(Loss) Before Tax |
6.167 |
3.683 |
2.380 |
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Provision for Taxation |
2.310 |
--- |
--- |
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Profit/(Loss) After Tax |
3.857 |
3.683 |
2.380 |
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Earnings in Foreign Currency : |
NA |
0.397 |
1.559 |
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Total Expenditure |
79.312 |
57.212 |
46.380 |
KEY RATIOS
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
31.03.2005 |
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PAT / Total
Income |
(%) |
4.51
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6.05 |
4.88 |
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Net Profit Margin (PBT/Sales) |
(%) |
7.22
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6.05 |
4.88 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
33.41
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24.02 |
23.76 |
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Return on Investment (ROI) (PBT/Networth) |
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0.67
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0.69 |
0.69 |
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Debt Equity Ratio (Total Liability/Networth) |
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1.12
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2.00 |
3.04 |
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Current Ratio (Current Asset/Current Liability) |
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1.68
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1.34 |
1.34 |
LOCAL AGENCY
FURTHER INFORMATION
Profile
Started in 1979, DIGITAL PROMOTERS has risen from humble beginnings as a minor
player in the Instrumentation and Control market to become North India's
leading Test, Measurement, Control and Calibration hub. Instrumentation is
their core business and they are dedicated to meet their customers' every need.
With their commitment to constantly carry out the required measure for quality
control, they achieved the ISO 9001 :2000 certification in 2003. Keeping in
tune with Quality requirements, they are in the process of acquiring the NABL
accreditation for Calibration shortly.
Business
Apart from Indian companies, who are the leaders in their respective fields,
they are exporting their products to neighboring countries. Their major clients
come from various industries, including Pharmaceutical, Food, Automobile,
Chemical, Sugar and oil industry amongst others.
Products
They provide Process Controllers, Indicators, Scanners, Data-Loggers,
Recorders, calibrators and Sensors, for Temperature, Pressure, Flow, Humidity
and other parameters. Also available are a range of SMPS, DC Power Supplies,
timers, RPM Meters and Counter.
Services
DIGITAL PROMOTERS has more than 25 years of experience in this industry and as
such has acquired abundant sound knowledge and technical expertise to meet the
ever-changing needs of their customers. They provide customized solution and
specialized in industrial instrumentation and calibration. They provide new or
re-calibration services for ISO needs. For the convenience, on-site calibration
and express calibration service is also available.
ASSOCIATES
Linearised Temperature Indicators & Indicating Controllers
, PID Controllers , Digital Temp., Scanners, Programmers, Calibrators, Data
Loggers, Bar Graph Indicators, DPMs, Isolating Distributors, SCADA Systems .
Digital Temperature Indicators, Portable Temperature
Indicators, Digital Temperature Controllers, Isolated DC Drives , Thyristor
(SCR) Power Modules .
Circular Chart Recorders & Strip Chart Recorders
Regulated & Stabilized DC power Supplies in all voltages
& current ratings. OFF Line UPS systems, CVTs & Servo Stabilizers.
Wide range of Switched Mode Power Supplies (SMPS) for Panel
& OEM requirement.
Highly reliable and versatile Auto tuning PID Controllers
& Programmers in various sizes.
Pressure Transmitters
Inductive & Capacitive Proximity Switches, RPM Meters
Alarm Annunciators, DPMs, Motor Protection Devices.
Regulated & Stabilized DC
Power Supplies, FCBC and Offline and On line UPS Systems.
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.40.29 |
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UK Pound |
1 |
Rs.79.97 |
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Euro |
1 |
Rs.61.23 |
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 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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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 |
NO |
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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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46 |
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 |
|
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. |
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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