MIRA
INFORM REPORT
|
Report Date : |
25.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
DATACRAFT INDIA LIMITED |
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Registered Office : |
Unit No. 204
- 206, Welspun House, Kamala Mills Compound, Lower Parel, Mumbai – 400 013,
Maharashtra. |
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Country : |
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Financials (as on) : |
30.09.2009 |
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Date of Incorporation : |
13.12.1994 |
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Com. Reg. No.: |
11-83713 |
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CIN No.: [Company
Identification No.] |
L72200MH1994PLC083713
/ U72200MH1994PLC083713 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMD04432B |
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Legal Form : |
A closely held Public Limited Liability Company |
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Line of Business : |
Design,
Development, Manufacturing, Purchase, Sale and Lease of the products and to
provide services such as Training, Maintenance, Installation, Consultancy,
Facility Management, Outsourcing and systems integration in the area of information,
communication systems and commenter networking and computer hardware and
software. |
RATING & COMMENTS
|
MIRA’s Rating : |
A (60) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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Maximum Credit Limit : |
USD 7334000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established company having fine track. Financial
position of the company appears to be sound. Trade relations are reported as fair.
Business is active. Payments are reported to be regular and as per
commitments. The company can be considered good for business dealings at usual
trade terms and conditions. |
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) |
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|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION DECLINED BY
Note: Management not Co-operative (Name not
disclosed)
LOCATIONS
|
Registered Office : |
Unit No.
204 - 206, Welspun House, Kamala Mills Compound, Lower Parel, Mumbai – 400
013, Maharashtra. |
|
Tel. No.: |
91-22-24981212/ 2186/2616378/2623906 / 2673034/ 2673035/ 2616374/ 2619080 |
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Fax No.: |
91-22-2673036/
2614916/ 24971818 |
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E-Mail : |
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Website : |
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Head Office : |
Unit no. 204-206, 2nd floor, Trade
Centre, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai 400
013, India |
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Tel. No.: |
91-22-2498
1212 |
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Fax No.: |
91-22-2497
1818 |
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E-Mail : |
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Corporate Office : |
Dubash
House, 4th Floor, 15 J N Heredia Road, Ballard Estate, Mumbai – 400
001, |
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Tel. No.: |
91-22-2616378/2623906/2673034/2673035/2616374/619080 |
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Fax No.: |
91-22-2673036/2614916 |
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Hulkul Ascent,No. 80, 2nd Cross, |
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Tel. No.: |
91- 80
2207 7000 (30 lines) / 2248 9340 (30 lines) |
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Fax No.: |
91-
80 2207 7111 |
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E-Mail : |
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51, Okhla Industrial Estate - Phase
III, |
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Tel. No.: |
91
-11-2693 6800 / 4220 0300 |
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Fax No.: |
91-11-2693
6801 |
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E-Mail : |
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Chennai Office
: |
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Tel. No.: |
91-44-28151174 /
1175 |
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Fax No.: |
91-44-28151173 |
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E-Mail : |
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Kolkata Office
: |
Plot No. 174, Sector
–A, Metropolitan Co-operative Housing Society Limited, Kolkata – 700105, |
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Tel. No.: |
91-11-42200300 |
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303 / 1 and 2, 3rd
Floor, Black 1, White House, Kundan Bhagh, Begumpet, Hyderabad – 500016, Andhra
Pradesh, India |
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Tel. No.: |
91-40-55667706 /
23416997 / 2340 8806 / 6666 7706 |
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Fax No.: |
91-40-23408806 |
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E-Mail : |
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Pune Office 1
: |
2nd Floor, Sneh Leela, |
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Tel. No.: |
91-20-553
9141 |
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Fax No.: |
91-20-553
0874 |
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E-Mail : |
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Pune
Office 2 : |
11 Prime Centre, Off Senapati Bapat Marg, |
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Tel. No.: |
91-20-2566 7323 |
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Fax No.: |
91 -20-2566 7324 |
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E-Mail : |
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Websites: |
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Branches : |
Located
at:
Tel. No.
91-22-24981212 Fax No.
91-22-24971818
Tel. No.
91-80-5550227 Fax No.
91-80-5596181 E-mail : dcindia@datacraft-asia.com Tel No.
91-11-23315571/7657 Fax No.
91-11-23318566 E-mail: dcindia@datacraft-asia.com
Tel. No.
91-44-28293084 Fax No.
91-44-28293239 E-mail : dcindia@datacraft-asia.com
Tel. No.
91-33-22820040/41 Fax No.
91-33-28650165 E-mail : dcindia@datacraft-asia.com
Tel. No.
91-40-55667706 Fax No.
91-40-23408806 E-mail : dcindia@datacraft-asia.com
Tel. No.
91-20-5539141 Fax No.
91-20-5530874 E-mail : dcindia@datacraft-asia.com |
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Overseas Office : |
HEADQUARTERS
Tel
No. : (65) 6 322 6688 Fax
No. : (65) 6 323 7933 Datacraft Asia Ltd 3/F
Citiplaza III14 Taikoo Wan Road Taikoo
Shing, Tel
No. : (852) 2513 3168 Fax
No. : (852) 2567 4268 Datacraft ( Tel
No. : (65) 6 842 3398 Fax
No. : (65) 6 842 1638 Datacraft China/Hong Kong Ltd - Hong Kong 3/F Cityplaza III14 Taikoo Wan
Road Taikoo Shing, Tel No. : (852) 2513 3168 Fax No. : (852) 2567 4031 Datacraft China/Hong Kong Ltd – No.807 Men Tel No. : (86) 10 8525 1108 Fax No. : (86) 10 8525 1126 Shanghai Office Room 1508, Postal Code: 200040 Tel No. : (86)21 3222 0068 Fax No. : (86)21 5298 6001 Rm B-C, 9th Floor, Tel No. : (86) 20 8558 2553 Fax No. : (86) 20 8558 3908 Shenzhen Office 25E Futian District, Postal Code: 518031 Tel No. : (86) 755 207 8511/2 Fax No. : (86) 755 207 8513 Suite A, 5/F Postal Code: 610015 Tel No. : (86) 28 8619 8315/6 Fax No. : (86) 28 8619 8794 Rm 316 Building, Postal Code: 310003 Tel No. : (86) 571 8527 1271-3 Fax No. : (86) 571 8527 1290 Datacraft Advanced
Network Services Sdn Bhd, ( 21, Tel No. : (603) 2166 6363 Fax No. : (603) 2166 7728 Block H-6-1, Persiaran Bayan Indah, Tel No. : (604) 647 2875 Fax No. : (604) 646 4299 Datacraft ( 11th Floor, 193/39-40, Khwang Khlong-Toey, Khet Khlong-Toey Tel No. : (662) 661 9777 Fax No. : (662) 661 9778 Datacraft Taiwan Ltd 3F-7 188 Section 5 Tel No. : (886) 2 8761 3333 Fax No. : (886)2 2756 8686 PT Datacraft Menara Imperium, 19th Floor Suite B Jl. H.R. Rasuna Said Kav. 1 Metropolitan Kuningan Superblock Tel No. : (62) 21 835 6422 Fax No. : (62) 21 835 6423 Datacraft ( Level 3 Lumley House Tel No. : (64) 4 470 1650 Fax No. : (64) 4 470 1666 Level 7, Tel No. : (64) 9 356 5680 Fax No. : (64) 9 356 5698 Datacraft Communications
Systems, Inc. ( 4/F, Tel No. : (632) 750 6885 - 7 Fax No. : (632) 750 6890 Datacraft Korea Inc.
8F 676 Yeoksam-dong Kangnam-gu Tel No. : (82) 2 6256 7000 Fax No. : (82) 2 6256 7199 Daejun Office #203 Seo-gu, Tel No. : (82) 42 487 4272 Fax No. : (82) 42 487 4273 Datacraft Japan Inc. 3-24 Kanda-Nishikicho, Chiyoda-ku Tel No. : (81) 3 3259 2222 Fax No. : (81) 3 3259 2390 Website: www.datacraft-japan.co.jp Datacraft Vietnam Ltd 5/F, Unit #05-01 53 Quang Trung Str., Hai Ba Trung District, Tel No. : (84) 4 9435758 Fax No. : (84) 4 9435730 5th Floor, District 1, HCMC, Tel No. : (84) 8 823 6749-50 Fax No. : (84) 8 825 7848 Training Partners Private Ltd Corporate Headquarters #12-00 Tel No. : (65) 6 225 9188 Fax No. : (65) 6 225 9288 Regional Headquarters 3/F Cityplaza III 14 Taikoo Wan Road Taikoo Shing, Tel No. : (852) 2513 3184 Fax No. : (852) 2567 4031
154-10 Samsung-dong Kangnam-gu, Tel No. : (82) 2 556 7327 Fax No. : (82) 2 556 7314
Wisma UOA II, 21 Jalan 50450 Tel No. : (603) 2166-7113 Fax No. : (603) 2166-7112
Corporate Headquarters Datacraft India Ltd, 3/1, Ground floor, Tel No. : (91) 80 2235 5145 / 6 / 7 Fax No. : (91) 80 2235 5319 |
DIRECTORS
As on 30.12.2009
|
Name : |
Mr.
Lynette Saldanha |
|
Designation : |
Director |
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|
Name : |
Mr. Kong
Seng Lim |
|
Designation : |
Director
(Foreign) |
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|
Name : |
Mr.
Yan-Jy Chy Philip |
|
Designation : |
Director
(Foreign) |
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Address : |
56, |
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Date of Birth/Age : |
01.11.1954 |
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Date of Appointment : |
06.01.2008 |
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|
Name : |
Mr.
William Bruce Grahame Radfield |
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Designation : |
Director
(British) |
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Address : |
13, |
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Date of Birth/Age : |
26.05.1958 |
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Date of Appointment : |
02.12.2002 |
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Name : |
Mr.
Ronald John Cattell |
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Designation : |
Director
(Foreign) |
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Name : |
Mr. Dilip
Kumar C. |
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Designation : |
Whole
Time Director |
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Address : |
17/189, |
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Date of Birth/Age : |
02.05.1963 |
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Date of Appointment : |
09.09.2003 |
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Name : |
Mr.
Girish S. Juneja |
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Designation : |
Director |
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Address : |
Dignity
Apartment, 22/4, |
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Date of Birth/Age : |
31.08.1961 |
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Date of Appointment : |
09.09.2003 |
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Name : |
Mr. B.
Sunil Mangalore |
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Designation : |
Whole
Time Director |
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|
Name : |
Mr. IP Sik
Ming |
|
Designation : |
Director |
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Address : |
24 A,
Namly |
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Date of Birth/Age : |
03.08.1956 |
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Date of Appointment : |
23.09.2008 |
KEY EXECUTIVES
|
Name : |
Mr. Satish
V. Menon |
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Designation : |
Company
Secretary |
|
Address : |
401, |
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Date of
Birth/Age : |
12.10.1958 |
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Date of
Appointment : |
09.12.2003 |
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|
Name : |
Mr.
Ananth Padmanabha |
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Designation : |
Country –
head – Sales |
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Qualification
: |
B.E.
(Electronics) / M.B.A. (Marketing) |
|
Experience: |
19 years |
|
Date of
Birth/Age : |
42 years |
|
Date of
Appointment : |
05.10.2000 |
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|
Name : |
Mr. Chakrapani
GK |
|
Designation : |
General
Manager – North |
|
Qualification
: |
B.E.
(Electrical Engineering) |
|
Experience : |
13 years |
|
Date of
Birth/Age : |
37 years |
|
Date of
Appointment : |
18.09.2002 |
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|
Name : |
Mr.
Raghuveer H R |
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Designation : |
General
Manager – South |
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Qualification
: |
B.SC.
PGDMM |
|
Experience : |
14 years |
|
Date of
Birth/Age : |
35 years |
|
Date of
Appointment : |
08.03.2001 |
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|
|
|
Name : |
Mr.
Ramaswamy R |
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Designation : |
Head
Commercial |
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Qualification
: |
B.SC.
Diploma in Finance Management and import / Export Management |
|
Experience: |
27 years |
|
Date of
Birth/Age : |
52 years |
|
Date of
Appointment : |
24.09.2000 |
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|
|
|
Name : |
Mr.
Satish Menon |
|
Designation : |
G. M. Finance
and Company Secretary |
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Qualification
: |
|
|
Experience : |
24 years |
|
Date of
Birth/Age : |
47 years |
|
Date of
Appointment : |
16.07.2003 |
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|
Name : |
Mr.
Shilendra Badoni |
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Designation : |
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Qualification
: |
B.E.
(Electronics) |
|
Experience : |
16 years |
|
Date of
Birth/Age : |
38 years |
|
Date of
Appointment : |
18.11.1996 |
|
|
|
|
Name : |
Mr.Sunil
Mangalore |
|
Designation : |
General
Manager - West |
|
Qualification
: |
B.E. (Electronics
and Communication Engineering), M.B.A. (Marketing and Finance) |
|
Experience: |
14 years |
|
Date of
Birth/Age : |
40 years |
|
Date of
Appointment : |
30.01.2000 |
|
|
|
|
Name : |
Mr.
Venkaswamy N |
|
Designation : |
President
– |
|
Experience : |
21 years |
|
Date of
Birth/Age : |
48 years |
|
Date of
Appointment : |
07.04.2004 |
|
|
|
|
Name : |
Mr.
Vichhivora Suketu |
|
Designation: |
County
Head P.S. |
|
Qualification |
B. E.
(Electronics) |
|
Experience : |
20 years |
|
Date of Birth/Age
: |
41 years |
|
Date of
Appointment : |
26.07.2004 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.12.2009
|
Names of Shareholders |
No. of Shares |
|
|
|
|
Datacraft
Asia PTE Limited, |
4019998 |
|
Datacraft
Asia PTE Limited, |
2361000 |
|
Mr. C.
Kumar Dilip |
1 |
|
Mr.
Ananth Padmanabha |
1 |
|
Mr.
Satish V. Menon |
1 |
|
Mr. R.
Ramaswamy |
1 |
|
Mrs.
Shailendra Badoni |
1 |
|
Mr. Sunil
Mangalore |
1 |
|
|
|
|
Total |
6381004 |
As on 30.12.2009
|
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 |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Design,
Development, Manufacturing, Purchase, Sale and Lease of the products and to provide
services such as Training, Maintenance, Installation, Consultancy, Facility
Management, Outsourcing and systems integration in the area of information,
communication systems and comenter networking and computer hardware and
software. |
|
|
|
|
Products : |
|
GENERAL INFORMATION
|
Customers : |
Financial Services Industry
Manufacturing
Media and Communications
Travel and Transportation
Other Economic/Business Sectors
|
|
|
|
|
No. of Employees : |
Not Divulged by the management. |
|
|
|
|
Bankers : |
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte
Haskins and Sells Chartered
Accountant |
|
Address : |
12, |
|
Tel. No.: |
91-22-66679000 |
|
Fax No.: |
91-22-66679100 |
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|
Holding Company : |
|
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|
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Associates/Subsidiaries : |
|
CAPITAL STRUCTURE
As on 30.09.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- Each |
Rs.100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6861004 |
Equity Share |
Rs.10/- Each |
Rs.68.610 Millions |
|
|
Less: Buyback of 480000 equity shares
at a price of Rs. 585 per share from the shareholders pursuant to the offers
made. |
|
Rs. 4.800 Millions |
|
|
Total |
|
Rs. 63.810 Millions |
Note: Of the above 6380998 shares are held by Data
craft Asia PTE Limited Singapore (formerly known as Data craft Asia Limited)
the holding company
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
30.09.2009 |
30.09.2008 |
30.09.2007 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
63.810 |
68.610 |
68.610 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1769.723 |
1525.988 |
1072.375 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1833.533 |
1594.598 |
1140.985 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
8.040 |
|
|
|
|
|
|
|
|
TOTAL |
1833.533 |
1594.598 |
1149.025 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
62.441 |
81.576 |
121.311 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.032 |
433.246 |
446.151 |
|
|
DEFERREX TAX ASSETS |
10.264 |
0.672 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
71.774
|
4.505
|
12.365
|
|
|
Sundry Debtors |
602.431
|
552.255
|
530.857
|
|
|
Cash & Bank Balances |
1472.689
|
1078.946
|
589.747
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
326.929
|
261.067
|
125.824
|
|
Total
Current Assets |
2473.823
|
1896.773 |
1258.793
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
435.044
|
552.344 |
508.760
|
|
|
Current Liabilities |
254.263
|
249.253 |
154.308
|
|
|
Provisions |
23.720
|
16.072 |
14.162
|
|
Total
Current Liabilities |
713.027
|
817.669 |
677.230
|
|
|
Net Current Assets |
1760.796
|
1079.104 |
581.563
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1833.533 |
1594.598 |
1149.025 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
30.09.2009 |
30.09.2008 |
30.09.2007 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3141.903 |
3426.293 |
2870.845 |
|
|
|
Other Income |
106.345 |
94.642 |
62.186 |
|
|
|
TOTAL (A) |
3248.248 |
3520.935 |
2933.031 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases and service costs |
1558.686 |
1892.354 |
1616.413 |
|
|
|
Increase / Decrease in stock in trade |
(67.269) |
7.860 |
1.316 |
|
|
|
Operating Expenses |
899.322 |
875.254 |
707.173 |
|
|
|
TOTAL (B) |
2390.739 |
2775.468 |
2324.902 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
857.509 |
745.467 |
608.129 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
857.509 |
745.467 |
608.129 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
59.314 |
63.945 |
66.673 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
798.196 |
681.522 |
541.456 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
278.461 |
227.909 |
159.183 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
519.735 |
453.613 |
382.273 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1429.831 |
989.508 |
881.247 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transferred to contribution Reserve |
17.673 |
13.290 |
35.955 |
|
|
|
Premium Buy Back of shares |
276.000 |
0.000 |
5.981 |
|
|
|
Transferred to Capital Redemption Reserve |
4.800 |
0.000 |
180.787 |
|
|
|
Corporate Dividend tax |
0.000 |
0.000 |
20.034 |
|
|
Total |
298.473 |
13.290 |
242.757 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1651.093 |
1429.831 |
989.508
|
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Advisory Service fee |
44.236 |
92.604 |
|
|
|
|
Sales – Service and other |
249.943 |
339.488 |
NA |
|
|
|
Miscellaneous Income |
2.400 |
4.403 |
|
|
|
TOTAL EARNINGS |
296.579 |
436.495 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
27.246 |
4.496 |
|
|
|
|
Products |
624.933 |
914.500 |
NA |
|
|
TOTAL IMPORTS |
652.179 |
918.996 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
80.93 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
30.09.2009 |
30.09.2008 |
30.09.2007 |
|
PAT / Total Income |
(%) |
16.00
|
12.88 |
6.11
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
24.57
|
19.35 |
18.86
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
32.26
|
35.93 |
39.23
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.43
|
0.43 |
0.47
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.38
|
0.51 |
0.59
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.46
|
2.31 |
1.86
|
LOCAL AGENCY FURTHER INFORMATION
Sundry Creditors:
|
PARTICULARS |
30.09.2009 |
30.09.2008 |
30.09.2007 |
|
Total outstanding dues to Micro and small enterprises |
0.651
|
0.000 |
0.000
|
|
Total Outstanding dues to creditors other than micro and small
enterprises |
434.393
|
552.244 |
508.760
|
|
|
|
|
|
|
Total |
435.044
|
552.344 |
508.760
|
Fixed Assets:
- Computer
- Office
Equipment
- Furniture
- Other Assets
Note: Registered office address of the company has
been sifted from unit 204-206
Operations and outlook
The
company’s revenues marginally declined over the previous year due to lower
product offtakes, given all business recession. However, services business
increased over the previous year (Rs. 1864.000 Millions in FY 2008 to Rs.
2278.000 Millions in FY 2009) during the year which was a 22% increase. This
increase was contributed by the existing clients of the company as also some
new clients who were added during the year. The increase in services revenue
not only helped bridge the gap on product volumes but helped improve
profitability of the company for the year.
Profits
before tax at Rs. 798.000 Millions were 17% higher than the previous year.
The outlook
for the ensuing year continues to be challenging for the product business.
However, with the increased focus on services and the new verticals in
Government hospitality sectors, the company hopes to continue its growth in
services revenue and margines.
Lower commission income
Lower
interest and investment income (other income) resulting from fall in treasury
markets and change in pattern of investments to liquid funds rather than debt
funds.
Lower
products margins
Increase in
salary related costs and
Higher
administrative costs resulting from new office in
The company
expects to continue its increase in revenues by around 15% in the next year
with margins being maintained.
Notes on Accounts
The company
entered into an agreement with Fujitsu ICIM Limited, dated 14th
march 1996, whereby Fujitsu ICIM Limited would provide office infrastructural
Services such as use of air conditioning, telephone, fax, photocopies,
computers, pantry services, customer database, insurance cover security for
office premises and extend its existing support network in India for a period
of ten years from 1st October, 1995 against a consideration of
Rs.38.700 Millions. This amount was paid as a non refundable advance in June,
1996. the company has expensed out Rs.3.870 Millions (previous year Rs3.870
Millions) as service charges for the current year and the balance amount of Rs.
NIL (as at 30th September 2004, Rs3.870 Millions) is being carried
forward to be written off in subsequent years.
Form 8:
|
Name of the
company |
DATACRAFT INDIA
LIMITED (Formerly : Datacraft RPG Private Limited ) |
||||||||||||||||||||||||||||||
|
Presented By |
THE DEVELOPMENT
BANK OF SINGAPORE LIMITED AND DATACRAFT INDIA LIMITED |
||||||||||||||||||||||||||||||
|
1) Date and description of instrument creating the change |
Dated : 26.12.1996 Agreement of Hypothecation of goods and Book Debts and assets to secure a Demand loan / advance / cash credit / overdraft / loans of credit / guarantees. |
||||||||||||||||||||||||||||||
|
2) Amount secured by the charge/amount owing on the securities of
charge |
Rs. 10.000 Millions |
||||||||||||||||||||||||||||||
|
3) Short particular of the property charged. If the property acquired
is subject to charge, date of the acquired of the property should be given |
A] The borrowers hereby hypothecates by way of first charge in favour
of the bank the goods described in general terms in the schedule which
expression shall include all products goods and movable property of any kind
belonging to the borrowers which now or hereafter from time to time shall be
brought in, stored or be in or about the borrowers premises at Mumbai
wherever else the same may be; and B] The Borrower hereby
hypothecate by way of first charge in favour of the bank all the borrowers
present and future book debts, outstanding, moneys, receivables, claims,
bills, contracts, engagement, securities, and other rights and assets. |
||||||||||||||||||||||||||||||
|
4) Gist of the terms and conditions and extent and operation of the
charge. |
I] Interest at such rates as may b determined by the bank from time to
time. II] This agreement is to operate as security a continuing security for
the balance to become due on the said cash Credit / Overdraft / Loan Account. |
||||||||||||||||||||||||||||||
|
5) Name and Address and description of the person entitled to the charge.
|
The Development Bank of Singapore Limited No. 122, 12th Floor, Maker Chambers IV, Nariman Point,
Mumbai – 400021 (Now shifted to the Development Bank of Singapore Limited, 14th
Floor, Free Press House, Nariman Point, Mumbai -21) |
||||||||||||||||||||||||||||||
|
6) Date and brief description
of instrument modifying the charge |
Dated 02.04.2005 Supplemental Deed of Hypothecation – II |
||||||||||||||||||||||||||||||
|
7) Particulars of modifications specifying the terms and conditions or
the extent of operations of the charge in which modification is made and the
details of the modification. |
Past Modification The original charge created on 26.12.1996 for Rs.10.000 Millions was
modified on 16.08.1999 to secure the enhanced aggregate credit facilities
upto Rs.60.000 Millions and Foreign Exchange Contract Facility upto an
Aggregate limit of USD 1.500 Millions. Further modified on 07.02.2003 to secure the revised limits upto
Rs.60.000 Millions and Foreign Exchange Contract facility of USD 1.500
Millions (last modifications registered on 10.03.2003 under Document Number 80
) Present Modification At the request of the borrower, the bank has modified the existing
credit facilities of Rs.60.000 Millions and Foreign Exchange contract
facilities of an aggregate limit of USD 1.500 Millions as indicated
hereunder:
The above facility shall continue to be secured by all the borrowers’
goods, book debts and assets on Pari Passu first change basis. Save and except the above, there is therefore, no change in the
aggregate limits. |
||||||||||||||||||||||||||||||
|
Name of the company |
DATACRAFT INDIA LIMITED (Formerly : Datacraft RPG Private Limited ) |
||||||||||||||||||
|
Presented By |
THE DEVELOPMENT BANK OF SINGAPORE LIMITED AND DATACRAFT INDIA LIMITED |
||||||||||||||||||
|
1) Date and description of instrument creating the change |
Dated : 26.12.1996 Agreement of Hypothecation of goods and Book Debts and assets to
secure a Demand loan / advance / cash credit / overdraft / loans of credit /
guarantees. |
||||||||||||||||||
|
2) Amount secured by the charge/amount owing on the securities of
charge |
Rs10.000 Millions |
||||||||||||||||||
|
3) Short particular of the property charged. If the property acquired
is subject to charge, date of the acquired of the property should be given |
A] The borrowers hereby hypothecates by way of first charge in favour
of the bank the goods described in general terms in the schedule which
expression shall include all products goods and movable property of any kind
belonging to the borrowers which now or hereafter from time to time shall be
brought in, stored or be in or about the borrowers premises at Mumbai
wherever else the same may be; and B] The Borrower hereby
hypothecate by way of first charge in favour of the bank all the borrowers
present and future book debts, outstanding, moneys, receivables, claims,
bills, contracts, engagement, securities, and other rights and assets. |
||||||||||||||||||
|
4) Gist of the terms and conditions and extent and operation of the
charge. |
I] Interest at such rates as may b determined by the bank from time to
time. II] This agreement is to operate as security a continuing security for
the balance to become due on the said cash Credit / Overdraft / Loan Account. |
||||||||||||||||||
|
5) Name and Address and description of the person entitled to the
charge. |
The Development Bank of Singapore Limited No. 122, 12th Floor, Maker Chambers IV, Nariman Point,
Mumbai – 400021 (Now shifted to the Development Bank of Singapore Limited, 14th
Floor, Free Press House, Nariman Point, Mumbai -21) |
||||||||||||||||||
|
6) Date and brief description of
instrument modifying the charge |
Dated 30.11..2005 Supplemental Deed of Hypothecation – II |
||||||||||||||||||
|
7) Particulars of modifications specifying the terms and conditions or
the extent of operations of the charge in which modification is made and the
details of the modification. |
Past Modification The original charge created on 26.12.1996 for Rs.10.000 Millions was
modified on 16.08.1999 to secure the enhanced aggregate credit facilities
upto Rs.60.000 Millions and Foreign Exchange Contract Facility upto an Aggregate
limit of USD 1.500 Millions. Further modified on 07.02.2003 to secure the revised limits upto
Rs.60.000 Millions and Foreign Exchange Contract facility of USD 1.500
Millions Further modification on 02.04.2005 to secure the enhanced aggregate
credit facilities upto Rs60.000 Millions and USD 1.500 Millions. (last modifications registered on 10.03.2003 under Document Number 80
) Present Modification At the request of the borrower, the bank has modified the existing
credit facilities of INR 90.000 as indicated hereunder:
The above facility shall continue to be secured by all the borrowers’ goods,
book debts and assets on Pari Passu first change basis. |
||||||||||||||||||
|
Corporate
identity number of the company |
U72200MH1994PLC083713 |
|
Name of the
company |
DATACRAFT INDIA
LIMITED |
|
Address of the registered
office or of the principal place of
business in |
UNIT 204-206
TRADE CENTRE BLDG., KAMALA MILLS
COMPOUND, MUMBAI –
400013, |
|
Type of charge |
Book Debts Movable Property Floating Charge |
|
Particular of
charge holder |
HDFC BANK
LIMITED, HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL, MUMBAI – 400013,
Maharashtra, India |
|
Nature of
instrument creating charge |
Supplemental
Letter Of Hypotheciation Of Stocks, Book Debts And Machinery. |
|
Date of
instrument Creating the charge |
14.011.2008 |
|
Amount secured by
the charge |
210.000 Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest : CASH CREDIT AT BANK PLR - 3 % and any
other rates as may be specified by the bank from time to time Terms of Repayment : CC - ON DEMAND Margin : Inventory - 30 % On Inventory ( Absolute
Inventory To Be Excluded) Book Debts - Margin 30 % On Debtors Upto 90 Days 40 % On Debtors From 91 Days To
180 Days Debtors Greater Than 181 Days To Be Excluded For The Purpose Of Drawing Power Calculation Or Any Such Other Margin As Bank May Asked From Time To Time Extent and Operation of the charge : First Charge By Way Of Hypotheication On
Company's Current Assets And Moveable Assets Both Present And Future. |
|
Short particulars
of the property charged |
First Charge By
Way Of Hypotheication On Company's Current Assets And Moveable Assets Both
Present And Future. |
AS PER WEBSITE
Overview
Subject is the leading independent IT services and Solutions Company in Asia Pacific. Specialising in customised business solutions, subject helps clients plan, build and support their IT infrastructures.
Subject combines an expertise in networking, security, IP Convergence, datacentre storage, Microsoft business applications and contact centre technologies, with advanced skills in consulting, integration and managed services, to craft IT solutions for businesses.
A member of the Dimension Data Group, subject is listed on
the main board of the Singapore Exchange, and is a component company of the
Straits Times Index. Headquartered in
Key Differentiators
Global delivery: Subject, together with parent company Dimension Data, possesses the skills, resources, technology know-how and global reach to create a worldwide infrastructure that delivers seamless professional solutions and services for international companies.
Proven track record: As
Strong specialised skills: Subject has over 750 industry-accredited technical personnel region-wide and is the only region-wide Cisco Gold Certified Partner, employing over 70 CCIEs – more than any other firms in Asia Pacific.
Best-of-breed technologies: As an independent systems integrator, Subject is able to partner the world’s leading suppliers to provide the most advanced and flexible solutions.
Partners
Subject has a number of focused relationships with leading
technology providers, including:
- BMC Software
- Cisco Systems
- Check Point
- EMC
- F5
- McAfee
- Microsoft
- NetScout Systems
- Nokia
- Packeteer
- Reef Point
- Riverbed
- Sun Microsystems
- Symantec
Management:
|
Executive Directors |
|
|
|
|
|
Patrick Quarmby |
Non-Executive Chairman |
|
Bill Padfield |
CEO and Executive Director |
|
Philip Chu |
CEO and
Executive Director |
|
|
|
|
Directors/Department
Heads |
|
|
|
|
|
Bill Padfield |
CEO |
|
Philip Chu |
CFO |
|
Dilip Kumar |
COO |
|
Andy Cocks |
Director, Strategy Execution and Solutions
Group |
|
Derek Koh |
Director, ITG and Internal Controls |
|
Esther Quah |
Director, Corporate Communications and
Brand Management |
|
Francis Yip |
Regional Director, |
|
Johan Van Vuuren |
Director, Human Resource |
|
Lim Seng Kong |
Regional Director, Asean and Director of
Training Partners |
|
Low Beng Lan |
Director, M and A |
|
Paul Dewhirst |
Director, Professional Services |
|
Sunil Desai |
Director, Managed Services |
|
Wong Wen Ming |
Director, Sales |
|
|
|
|
Country
Managers |
|
|
|
|
|
Barry Knaggs |
|
|
Benjamin Wang |
|
|
Francis Pang |
General Manager, |
|
Png Kim Meng |
Country Manager, |
|
Megumi Hasegawa |
Country Manager, |
|
Patrap Yakin |
Country Manager, |
|
Raymund Del Val |
Country Manager, |
|
Robin Hartendorp |
|
|
|
Country Manager, |
|
Shum Mew Toong |
Country Manager, |
|
Kongdumrongkiat Sutas |
|
|
Sunil Manglore |
Country Manager, |
Awards
Industry and partner awards are highly prized as an indicator of
technical skill and commercial success. The company has consistently won awards
in recognition of their commitment to technical excellence, innovation and
client satisfaction.
Partners
They believe that solutions built for the unique environment, using best
of breed technologies is the optimum route to take. A breadth of capability in
leading vendor technology is mandatory when designing, building, implementing,
deploying and supporting world-class business solutions.
Corporate Social Responsibilities
At the company, they recognise that corporate social responsibilities go
hand in hand with corporate achievement. Patting their selves on the back for
the latest sales success is only one part of their corporate character. For
this reason, sometimes they like to ditch the jackets and ties and take a look
at the bigger picture.
They believe that solutions built for the unique environment, using best
of breed technologies is the optimum route to take. A breadth of capability in
leading vendor technology is mandatory when designing, building, implementing,
deploying and supporting world-class business solutions.
Subject has a number of focused relationships with leading technology
providers, including:
· Activate
·
Adaptive
· Audio Codes
· Blue Coat Systems
· BMC Software
· Computer Associates
· Cisco Systems
· Check Point
·
· Citrix
· Dialogic
· EMC
· Emerson Network Power
· F5
· Genesys
· Juniper
· McAfee
· Microsoft
· NetScout Systems
· Nokia
· Oracle
· Packeteer
· Quest
· Reef Point
· Riverbed
· Sun Microsystems
· Symantec
· Tandberg
· Verint
· VMware
By developing and maintaining relationships with these leading
technology partners, they provide preferential access to the latest
technologies, premier technical support, advanced training, and product
certification. The partnerships allow them to objectively choose technologies
that best meet the needs, and deliver the best end-to-end IT solutions.
Press Release
DECEMBER
NEWS RELEASE FOR 2005
6-DECEMBER-2005
Datacraft
designs and deploys new campus network for Bangkok University
Founded in 1962, and offering courses in both English and
Thai,
Facing an increasing need for a robust IT infrastructure to support this community, the university realised it needed a new, well-architected, threat-resistant network to maximise performance, reduce services outages and increase overall reliability.
"Our students are increasingly reliant on technology to
support their studies and research while our academic and administrative staff
have different, but equally important IT needs," said Professor Attipa
Julpisit, director of the computer centre at
Datacraft Processional Services took up the challenge of devising a new network architecture that would meet the university's needs. The design they came up with is easy to manage, contributing to low total cost-of-ownership. As well as delivering the performance to meet current requirements and ability to scales to meet future needs, Datacraft's consultants put a lot of design focus on reliability. BU's new network has link-level redundancy to eliminate single points of failure and ensure availability.
"Excellent communications are not an option; they are
critical to success in the increasingly competitive tertiary education
sector," said Somchart Kanha, General Manager of Datacraft
With the new network,
About Datacraft
"Best Asian
Systems Integrator" for fifth consecutive year - Telecom Asia
Datacraft is the leading independent IT services and solutions company in Asia
Pacific. The company helps clients plan, build and support their IT
infrastructures. Datacraft combines an expertise in networking, security,
operating environments, storage and contact centre technologies, with advanced
skills in consulting, integration and managed services, to craft IT solutions
for businesses.
A member of the Dimension Data Group, Datacraft is listed on
the main board of the Singapore Exchange and is a component company of the
Straits Times Index. Headquartered in
NOVEMBER NEWS RELEASE FOR 2005
21-NOVEMBER-2005
Singapore, 21 November 2005 – Datacraft, the region's leading independent IT solutions and services company, has won a contract from cookware and appliance manufacturer, Meyer Industries, to deploy its Digital Video Security Surveillance (DVSS) solution at the company's manufacturing plant in Thailand.
Meyer Corporation is one of the largest, most innovative
cookware companies in the
Although the company already had a security system, it needed to upgrade the system to provide improved protection for the factory including an "auto alert" feature to detect any unauthorised personnel entering restricted areas. Meyer chose Datacraft's DVSS Internet Protocol (IP)-based security monitoring solution.
"Security is a major priority at our factory," said Komkrit Vongkavivathanakul, assistant manager (MIS) at Meyer Industries Ltd. "Our existing system was outdated and no longer met our requirements. Datacraft's DVSS was the ideal solution because we can integrate it with our existing system thereby protecting our prior investment, while adding state-of-the-art security features."
Datacraft's DVSS increases the effectiveness of security initiatives by transforming video images into actionable intelligence: the timely, mission-critical information that an organisation needs to effectively protect people, property and assets.
Featuring leading-edge technologies from a host of partners, DVSS addresses a broad spectrum of video surveillance needs on land, on sea, and in the air. For securing expansive perimeters and areas that are topographically impossible to wire, DVSS offers a highly durable and secure video-over-WiFi variant with the same reliability and breadth of functionality as wired CCTV.
Under the contract from Meyer, Datacraft will design, integrate, configure and provide training for the new security surveillance system. The new solution will integrate with Meyer's 26 existing cameras and cabling, keeping the additional infrastructure costs to a minimum. The result will be a scalable security system that also includes the auto alert feature that was one of Meyer's key requirements.
"Our DVSS technology provides secure video access from
virtually anywhere on an organisation's IT network," said Somchart Kanha,
General Manager of Datacraft
"It also has advanced analytic capabilities that can automatically analyse 'live' video streams and alert security personnel of significant movements and unusual behaviour that might otherwise require countless hours to detect."
Datacraft's DVSS can also be interfaced with other security and business systems – from access control and alarm systems to point-of-sale, cargo handling, gaming and inventory control.
Programmable recording and retention lets users capture specific activities and regions of interest and retain just these images as needed. And with DVSS remote image retrieval and system administration, all video cameras can be centrally managed with central storage of all video images.
About Datacraft
"Best Asian Systems Integrator" for fifth consecutive year - Telecom Asia
Datacraft is the leading independent IT services and solutions company in Asia Pacific. The company helps clients plan, build and support their IT infrastructures. Datacraft combines an expertise in networking, security, operating environments, storage and contact centre technologies, with advanced skills in consulting, integration and managed services, to craft IT solutions for businesses.
A member of the Dimension Data Group, Datacraft is listed on
the main board of the Singapore Exchange and is a component company of the
Straits Times Index. Headquartered in
Milestones:
· 2002- The company opens new STARtrac centre and its first full-fledged Training Partners (TP) centre in
·
2001- The company moves to capture larger share
of fast growing Korean market with US $ 35 million acquisition of Dasan
Electronics took full ownership of
· 2000 – The company launches a complete suite of Business and Operation Support Systems branded
IBOSS to help service providers
innovate fast manage effectively. It
broadened its managed network service capabilities with the acquisition of
Multisoft (
Datacraft New
Took full ownership of Indian Subsidiary, Datacraft RPG, by
acquiring the remaining 45% equity interest from RPG Group for US $ 32.500
millions, its joint venture partner in
Bought 60% stake in Singapore-based Internet consulting firm, PlaNET Technology for S $ 13.800 millions in May. Acquired a 77.14% stake in Malaysia-based DFI Consulting, a well-established business consulting and ERP integration firm, for US $ 10.150 millions.
Make foray into e-commerce consulting with the acquistion of HK- based I Square Solutions Limited for US $ 5.25 millions in January 1999- Strengthens its presence in Japan with a second acquistion, PTS Company Limited, a leading IT services company in Japan, is acquired for US $ 23.600 millions.
Acquired a Japanese networking systems integrator NETWAVE Inc for US $ 37.5 millions.Acquired Net and
Date in
Acquired Commis
Network Inc. In
·
1998- Expands into
Acquired EMS Wiring Systems, a
Formed 3 virtual companies focusing
on Subject three core businesses: - Datacraft Enterprise Solutions, Datacraft
Telecom Solutions and Datacraft Services. Expanded into
1997- The Dimension Data Group,
a highly successful I.T. company in
Datacraft
Became the first Asian company to achieve region-wide Cisco
Gold Partner status from Cisco Systems. Acquired Adcoms International in the
· 1996- Datacraft Asia is selected as one of the founding stocks on the Singapore Regional Stock Index for its successful regionalised operation and geographic spread.
Datacraft Asia set up direct marketing catalogue sales division – Expresso Commsware.
Datacraft
Datacraft
·
1995-
Set up a joint venture company in
Datacraft
Datacraft
Listed on the Main Board of Stock Exchange of
·
1994-
Establishes Technical Assistance Centre to offer 24-hour networking services.
Set up Training Partners Private Limited in
·
1993-
Incorporated in
·
1992-
Datacraft Taiwan was established
·
1990
– Datacraft China was incorporated and opened
·
1989-
Datacraft Thailand was established
·
1985-
Datacraft Malaysia was set up
·
1983-
Datacraft Singapore was established
·
1975-
Started its operation in Asia with the set up of the
·
1974-
Datacraft Limited founded in
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.45.58 |
|
|
1 |
Rs.72.79 |
|
Euro |
1 |
Rs.62.01 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
60 |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.