%20PRIVATE%20LIMITED%20-%20128589%2005-Jan-2011_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
|
Report Date : |
05.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
EZONE SECURITY SOLUTIONS ( |
|
|
|
|
Formerly Known
As : |
PEOPLES SECURITY SERVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
60-1-7/1, Near |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
15.03.2002 |
|
|
|
|
Com. Reg. No.: |
01-38654 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74920AP2002PTC038654 |
|
|
|
|
IEC No.: |
HYDP01978E |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AACCP4479P |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCP4479P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Service Providing technologically advanced security solutions |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 38000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. There appears
some accumulated losses recorded by the company. However trade relations are
reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some caution.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Suresh Kumar |
|
Designation : |
Purchase Officer |
|
Contact No.: |
91-9951317599 |
|
Date : |
04.01.2011 |
LOCATIONS
|
Registered Office : |
60-1-7/1, Near |
|
Tel. No.: |
91-866-6611199/2490980 |
|
Mobile No.: |
91-9951317599 (Mr. Suresh Kumar) |
|
Fax No.: |
91-866-6667722 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2500 sq.ft |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
8-2-68/9/5, Parkview Enclave, Road No. 12, Banjara Hills, |
|
Tel. No.: |
91-40-65298383/65290222 |
|
Fax No.: |
91-40-23370176 |
|
|
|
|
Branches : |
Located at:
|
|
|
|
|
|
15 Australis Circuit, Port |
|
Tel. No.: |
61 411557854 |
|
E-Mail : |
|
|
|
|
|
|
|
|
Tel. No.: |
1 (518) 3721813 |
|
E-Mail : |
DIRECTORS
As On 30.09.2010
|
Name : |
Mr. Swarupa Rani Chennupati |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
02.10.1957 |
|
Date of Appointment : |
15.03.2002 |
|
DIN No. : |
01680480 |
|
|
|
|
Name : |
Mr. Jaganmohan Rao Chennuati |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
02.02.1947 |
|
Date of Appointment : |
15.03.2002 |
|
DIN No. : |
00380699 |
|
|
|
|
Name : |
Mr. Sekhar Chennupati |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
20.05.1974 |
|
Date of Appointment : |
30.08.2002 |
|
DIN No. : |
00380646 |
|
|
|
|
Name : |
Mr. |
|
Designation : |
Director |
|
Address : |
Flat No.206, Solitare Banjara, Road No. 10, Banjara Hills, Hyderabad –
500034, Andhra Pradesh, India |
|
Date of Birth/Age : |
15.08.1972 |
|
Date of Appointment : |
30.08.2002 |
|
DIN No. : |
01573325 |
|
|
|
|
Name : |
Mr. Chenna K. S. R. Mandava |
|
Designation : |
Director |
|
Address : |
#15 |
|
Date of Birth/Age : |
15.04.1968 |
|
Date of Appointment : |
30.08.2002 |
|
DIN No. : |
01571455 |
|
|
|
|
Name : |
Mr. Venkateswara Rao Chalapati |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
15.11.1960 |
|
Date of Appointment : |
30.08.2002 |
|
DIN No. : |
00380766 |
|
|
|
|
Name : |
Mr. Vijay Kumar Yalamachili |
|
Designation : |
Director |
|
Address : |
#54-18-26/2, LIC Colony, Krishna, |
|
Date of Birth/Age : |
10.08.1949 |
|
Date of Appointment : |
16.09.2006 |
|
DIN No. : |
00380818 |
|
|
|
|
Name : |
Mr. Shashanka Kancharla |
|
Designation : |
Director |
|
Address : |
Flat No.1b, Sridurga Palm Spring Apartments, Plot No.59,
Road No.7, Banjarahills, |
|
Date of Birth/Age : |
21.07.1973 |
|
Date of Appointment : |
16.09.2006 |
|
DIN No. : |
00425842 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As On 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Chennupati Swarupa Rani |
|
9500 |
|
Chennupati Jagan Mohan Rao |
|
32880 |
|
Dr. Sekhar Chennupati |
|
94050 |
|
Chennupati Ravi Kumar |
|
384470 |
|
Mandava Chennakesava Srinivasa Rao |
|
165648 |
|
Chalapati
Venkateswara Rao |
|
75760 |
|
Yalamanchili
Vijay Kumar |
|
4000 |
|
Kancharla
Shashanka |
|
41400 |
|
Erp People
Solutions Pty Limited |
|
171472 |
|
Prattipati
Satyanarayana / Prttipati Padmini |
|
20000 |
|
Polavarapu Sri
Devi |
|
20000 |
|
Puvvada Rama |
|
40000 |
|
Jasthi Kiran /
Jasthi Dharani |
|
40000 |
|
Total |
|
1099180 |
As On 30.09.2010
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
21.15 |
|
Directors or relatives of Directors |
73.37 |
|
Other top fifty shareholders |
5.48 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Service Providing technologically advanced security solutions |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash |
||||
|
|
|
||||
|
Purchasing : |
Cash |
GENERAL INFORMATION
|
Customers : |
|
||||||||||||
|
|
|
||||||||||||
|
No. of Employees : |
20 (approximately) |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
|
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
Cash Credit: Rs. 22.500 Millions
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Suresh and Babu Chartered Accountant |
|
Address : |
36-14-3/1, Santhi Nagar, |
|
Pan No. : |
AAIFS3996H |
CAPITAL STRUCTURE
As On 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs. 10/- each |
Rs. 15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1099180 |
Equity Shares |
Rs. 10/- each |
Rs. 10.992
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
10.992 |
10.992 |
10.947 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
13.368 |
13.634 |
13.208 |
|
|
4] (Accumulated Losses) |
(14.674) |
0.000 |
0.000 |
|
|
NETWORTH |
9.686 |
24.626 |
24.155 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
20.787 |
21.275 |
10.562 |
|
|
2] Unsecured Loans |
4.743 |
5.224 |
1.800 |
|
|
TOTAL BORROWING |
25.530 |
26.499 |
12.362 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.073 |
|
|
|
|
|
|
|
|
TOTAL |
35.216 |
51.125 |
36.590 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
9.146 |
8.464 |
7.742 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.761 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.184 |
0.020 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
25.718
|
24.273 |
21.481 |
|
|
Sundry Debtors |
21.704
|
31.052 |
17.827 |
|
|
Cash & Bank Balances |
2.192
|
6.474 |
1.927 |
|
|
Other Current Assets |
1.570
|
0.936 |
0.845 |
|
|
Loans & Advances |
1.635
|
1.392 |
2.013 |
|
Total
Current Assets |
52.819
|
64.127 |
44.093 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
19.609
|
16.648 |
9.331 |
|
|
Other Current Liabilities |
6.595
|
2.950 |
5.401 |
|
|
Provisions |
0.729
|
1.888 |
1.274 |
|
Total
Current Liabilities |
26.933
|
21.486 |
16.006 |
|
|
Net Current Assets |
25.886
|
42.641 |
28.087 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
35.216 |
51.125 |
36.590 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
51.209 |
80.050 |
50.066 |
|
|
|
Other Income |
0.400 |
0.362 |
0.206 |
|
|
|
TOTAL (A) |
51.609 |
80.412 |
50.272 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of operations |
|
|
35.102 |
|
|
|
Personnel Costs |
|
|
9.976 |
|
|
|
Selling and marketing expenses |
|
|
3.923 |
|
|
|
General and administrative expenses |
|
|
9.248 |
|
|
|
Increase / Decrease in stock |
|
|
(12.075) |
|
|
|
TOTAL (B) |
61.732 |
76.398 |
46.174 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(10.123) |
4.014 |
4.098 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.649 |
1.403 |
0.909 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(12.772) |
2.611 |
3.189 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.333 |
1.917 |
1.587 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
(15.105) |
0.694 |
1.602 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
(0.165) |
0.447 |
0.320 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
(14.940) |
0.246 |
1.282 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
|
(1.262) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
0.020 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Security Products, Spares and Others |
|
|
12.416 |
|
|
|
Capital Goods |
|
|
0.174 |
|
|
TOTAL IMPORTS |
|
|
12.590 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
0.22 |
1.17 |
|
%20PRIVATE%20LIMITED%20-%20128589%2005-Jan-2011_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20128589%2005-Jan-2011_files/image004.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20128589%2005-Jan-2011_files/image005.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20128589%2005-Jan-2011_files/image006.gif){kind=small}
Expected Sales (2010-2011): Rs. 100.000 Millions
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
(28.95)
|
0.31 |
2.55 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(29.50)
|
0.87 |
3.20 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(24.49)
|
0.96 |
3.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(1.56)
|
0.03 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
5.42
|
1.95 |
1.17 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.96
|
2.98 |
2.75 |
LOCAL AGENCY FURTHER INFORMATION
The details of
sundry creditors:
Rs.
In Millions
|
Particulars |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
sundry Creditors – Goods and Services |
19.609 |
16.648 |
9.331 |
Note:
The Registered Office of the company has been shifted from 40-16-7/8,
Trade References:
- Conseco Date
Services (
- Moschip Semicondutor
Limited
- Quantech
Global Services
OPERATIONS RESULTS AND REVIEW OF PERFORMANCE:
On a standalone basis, the company earned a
total income of Rs. 51.209 millions for the financial year, a decrease of 36%
over the preivous year’s figure of Rs. 80.050 millions. The company recorded an
operating loss of Rs. 10.123 millions and a net loss of Rs. 14.940 millions.
Basic earning per share to be negative compared to Rs. 0.22 in the previous
year. The operations were affected by the market and economic conditions.
The last fiscal has seen a economic cataclysm,
not witnessed in several decades. The credit crisis in the
They note that they have fallen short of targe
sales. Reasons for this shortfall remain very evident throughout the state of
Andhra Pradesh. There are unavoidable and unforeseen factors like political
disturbances in the state and the continued financial turmoil – and this has
played a significant role. They remain with confidence that they will be able
to build up a significant chunk of revenue in financial year 2010-11. A quite
few of the orders are in the verge of finalization.
They continue to operate with the underlying
conviction that every challenge presents a unique opportunity. The economic
contagion has reinvigorated there foucs on a achieving performance excellence
through elimination of wastage and unproductive practices.
Towards this objective, they have introduced
operations division in the organization – seeking to achieve the highest order
of efficiencies in processes and excellence in execution. To this effect, they
have decided to review the short term growth plans of all there businesses to
align there strategy with market realities.
FORM 8:
|
This form is for |
Modification of
charge |
||||||
|
Charge
identification number of the modified |
10074839 |
||||||
|
Corporate
identity number of the company |
U74920AP2002PTC038654 |
||||||
|
Name of the
company |
eZONE Security
Solutions ( |
||||||
|
Address of the
registered office or of the principal place of business in |
60-1-7/1, Near |
||||||
|
Type of charge |
Book Debts Stocks |
||||||
|
Particular of
charge holder |
|
||||||
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental
Agreement of Loan Cum Hypothecation |
||||||
|
Date of
instrument Creating the charge |
19.01.2009 |
||||||
|
Amount secured by
the charge |
Rs. 22.500
Millions |
||||||
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest
- 1% Above SBAR, on a Daily Products With Monthly Rests. Terms of
Repayment - Period of Advance : 12 MONTHS Margin – 1. Finished
goods : 25% 2. Bank guarantee : 25% 3. Receivables
(cover period): 60 DAYS Extent and
Operation of the charge - Hypothecation of Company's Entire Stocks and
Receivables Others -
Collateral: 1) Em Of 834 Sq. Yds of House Site with Thatched Huts, Em of 833
Sq Yds of House Site with Thatched Huts, Em of 849 Sq Yds of House Site with
Thatched Huts Bearing #59a-21/3-5/1a, At Rs No.147/4b, at RR Gardens,
Patamata, Vijayawada-520010 Standing in the name of Chennupati Ravikumar,
Chennupati Sekhar and Chennupati Phani Babu Respectively Guarantors |
||||||
|
Short particulars
of the property charged |
Collateral: 1) Em
Of 834 Sq. Yds of House Site with Thatched Huts, Em of 833 Sq Yds of House
Site with Thatched Huts, Em of 849 Sq Yds of House Site with Thatched Huts
Bearing #59a-21/3-5/1a, At Rs No.147/4b, at RR Gardens, Patamata,
Vijayawada-520010 Standing in the name of Chennupati Ravikumar, Chennupati
Sekhar and Chennupati Phani Babu Respectively Guarantors |
||||||
|
Date of latest
modification prior to the present modification |
23.10.2007 |
||||||
|
Particulars of
the present modification |
Enhancement of
Loan From Rs.15.000 millions to Rs.22.500 millions |
Fixed Assets:
- Plant and machinery
- Air conditioners
- Electrical fittings
- Furniture and fittings
- Data processing equipment
- Vehicles
AS PER WEB SITE DETAILS:
PROFILE:
Subject was formerly; Peoples Security Services Pty Limited
Established in April, 2002 and inaugurated by the then Commissioner of
Police Mr. N. V. Surendra Babu, IPS. Since then, they have grown both
economically and geographically. Reason for this remain very simple.
“They do not do business the traditional way;
they do it the right way”
eZONE has strong strategic tie-up with Raicon Solutions LLC, a
technology solutions company in
Combination of all three companies covering vast global markets makes us
the pioneer in the combine fields of Security and digital technology. This
unique and powerful combination gives us a leading edge over there competitors
to provide most advanced solutions to any security concerns.
They have signed MOU's, strong partnerships and distributor agreements
that enable us to competitively deal with wide range of electronic security
products. They may be broadly classified into surveillance systems, access
control devices, intrusion alarms, fire detection and suppression systems and
Home and Building automation. Special products that they also cater in specific
solutions include, solar fence, automatic barriers and passage controls
(commonly called boom barriers), bomb detection equipments, metal detectors,
etc.
They have grown over the years to cater thousands of solutions for a
wide range of clientele; small shops, big celebrity homes, gated communities,
factories, large software parks, etc.,. From implementing high-end security
solutions, along with round-the-clock customer service; they have proven to be
extremely effective over the years, to become one of the most trusted names in
the industry. They have won appreciation for many projects; including some of
the technically challenging solutions that were not attempted before. There
“Clients” section proves it all.
The continued growth is based on there strengths:
• Proven Track Record: The superior performance and reliability
of there systems, along with there innovative designs made us the natural
choice for the highly demanding security needs. More than 6 years in this
industry, there systems and solutions are currently implemented to thousands of
clients spread across varied sectors; IT Parks, Offices Buildings, Production
Lines, Financial Institutions, Hospitals, Educational Institutions, Traffic
Control, Gated Communities, Shops, Homes, etc., throughout INDIA.
• State-of-the-Art Technology: They offer the most advanced and
most comprehensive feature-set in the industry. From advanced access control
devices, through alarm systems and monitoring, to advanced wireless/fiber-optic
video transfer, you will find a broad range of products with features that
fulfill any specific requirement. There solutions offer seamless integration of
all the products working to best suite the needs. There state-of-the-art
Central Monitoring Station currently monitors thousands of alarms all across
the country.
• Exceptional Service 24/7: 24hr Customer Care, Product
Demonstrations, Training Sessions, and Extended Warranties are just a few
elements of there customer support policy. There highly qualified support staff
will be always ready to help you 24/7. Every support call is logged into there
state-of-the-art Customer Care software and is tracked until the customer
satisfaction is entered into the service call.
• Better Bottom Line: They understand that Return of Investment
is an important component to there clients. They continuously analyze the
global market to ensure that the quality is high, while cost of there Products
and Solutions are simply the lowest among all comparable players. Most of there
security solutions are also tuned towards workforce improvement. This enables
there clients to obtain the highest return on investment and maintain clear
advantage over competition, by maintaining a much better focus on their
business.
• Excellent Team: There team at eZONE is experienced, fully
equipped; and filled with self motivated individuals with a good attitude to
attend to any of there customers concerns. There staff attends training
programs continuously, to keep them on the edge of technology. This way, they
maintain and support any installation that they make.
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.84 |
|
|
1 |
Rs.69.32 |
|
Euro |
1 |
Rs.44.84 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
26 |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.