MIRA
INFORM REPORT
|
Report Date : |
28.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
VELOCIS SYSTEMS PRIVATE LIMITED (w.e.f. 31.08.2007) |
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Formerly Known
As : |
SILICON INTEGRIX PRIVATE LIMITED |
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Registered
Office : |
73, Ground Floor, Begumpur, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
16.06.1995 |
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Com. Reg. No.: |
55-069887 |
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Capital
Investment / Paid-up Capital : |
Rs.46.440
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1995PTC069887 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELS09912A |
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PAN No.: [Permanent Account No.] |
AABCS0858G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is
providing end to end IT solutions including Infrastructure Cabling, LAN/WAN,
Computing and Storage, IT Security, Messaging and Collaboration, Contact
Centre and Unified Communication, Portal Development, Workflows, Business Process
Automation, Video Conferencing, Remote Infrastructure Management and Managed
Services. |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 498000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal 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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
LOCATIONS
|
Registered Office : |
73, Ground Floor, Begumpur, |
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Tel. No.: |
91-11-43678406/
26691855 |
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E-Mail : |
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Website : |
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Head Office : |
A-25, Sector – 67, Noida – 201 301, |
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Tel. No.: |
91-120-2484186/ 2484187 |
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Fax No.: |
91-120-2484223 |
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Mumbai Office : |
Eco House, 405 and 406, Vishweshwar Colony, Off Aarey Road, Goregaon
East, Mumbai – 400 063, |
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Board No.: |
91-22-33097800 |
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Fax No.: |
91-22-33097898 |
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L-68, Sector XI, 9th B Main, Jeevanbhima Nagar, |
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Tel. No.: |
91-80-25214270/ 25215687 |
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Fax No.: |
91-80-25214270 |
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Gurgaon Office : |
14-B, Hartron Complex, Sector - 18(P), Electronic City, Gurgaon – 122
015, |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Atul Bansal |
|
Designation : |
Director |
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Address : |
74-B,
Pocket-III, Mayur Vihar, Phase – I, |
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Date of Birth/Age : |
21.08.1964 |
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Date of Appointment : |
22.10.2007 |
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DIN No.: |
00509520 |
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Name : |
Mr. Rishi Kumar Malhotra |
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Designation : |
Director |
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Address : |
1074, Sector A,
Pocket A, Vasant Kunj, |
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Date of Birth/Age : |
17.06.1946 |
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Date of Appointment : |
16.06.1995 |
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DIN No.: |
00529491 |
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Name : |
Mr. Narendra Kumar |
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Designation : |
Director |
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Address : |
302, Sector – 14, Gurgaon – 122 001, |
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Date of Birth/Age : |
10.03.1940 |
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Date of Appointment : |
22.10.2007 |
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DIN No.: |
00509671 |
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Name : |
Mr. Ashok Kumar Gupta |
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Designation : |
Director |
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Address : |
B-5/46, Safdarjung Enclave, |
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Date of Birth/Age : |
09.06.1952 |
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Date of Appointment : |
22.10.2007 |
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DIN No.: |
00509450 |
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Name : |
Mr. Sanjaya Kumar Saxena |
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Designation : |
Director |
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Address : |
Flat No.75, Sector-28,
District Gautambudh Nagar, Noida – 201 301, |
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Date of Birth/Age : |
12.06.1961 |
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Date of Appointment : |
22.10.2007 |
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Date of Ceasing : |
31.07.2009 |
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DIN No.: |
00289556 |
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|
|
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Name : |
Ms. Varsha Malhotra |
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Designation : |
Director |
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Address : |
1074, Sector – A, Pocket A, Vasant Kunj, |
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Date of Birth/Age : |
09.06.1952 |
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Date of Ceasing : |
30.11.2007 |
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DIN No.: |
00529499 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Rishi Kumar Malhotra |
|
600720 |
|
R. K. Malhotra (HUF) |
|
60310 |
|
Varsha Rishi Malhotra |
|
93850 |
|
Ritika Malhotra |
|
49650 |
|
Renovision Automation Services Private Limited, |
|
357400 |
|
Mani Stock Broker Limited, |
|
25665 |
|
Sobhagya Financial Services Private Limited, |
|
435 |
|
R. Kumar (Proprietor Surya Enterprises) |
|
435 |
|
Puja Kapoor and Rajeev Kapoor |
|
51330 |
|
Vandana Saxena |
|
8700 |
|
Atul Bansal |
|
816780 |
|
Gaurav Thapar |
|
43500 |
|
Kunal Dureja |
|
8700 |
|
Narender Kumar |
|
188210 |
|
Sandeep Singhal |
|
25665 |
|
Sanjaya Kumar Saxena |
|
260130 |
|
Vidhu Bansal |
|
1333400 |
|
Ashok Kumar Gupta |
|
497970 |
|
Supermax Apparels Private Limited, |
|
221142 |
|
Total |
|
4643992 |
As on 17.01.2011
|
Names of Allottees |
|
No. of Shares |
|
Rishi Kumar Malhotra |
|
216750 |
|
Renovision Automation Services Private Limited, |
|
65446 |
|
Atul Bansal |
|
140000 |
|
Ajay Bansal and Monika Bansal |
|
396871 |
|
Total
|
|
819067 |
As on 30.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
13.02 |
|
Directors
or relatives of directors |
|
86.98 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is providing
end to end IT solutions including Infrastructure Cabling, LAN/WAN, Computing
and Storage, IT Security, Messaging and Collaboration, Contact Centre and
Unified Communication, Portal Development, Workflows, Business Process
Automation, Video Conferencing, Remote Infrastructure Management and Managed
Services. |
|
|
|
|
Products/ Services : |
Computer Networking, Internet Security, Software and Education. |
GENERAL INFORMATION
|
Customers : |
Enterprise/Manufacturing v Amway v Honda v Suzuki v Samsung v Yamaha v Wrigley v Jacob H and G v Rico v Shriram Pistons v Honda Siel v Apollo Tyres v Subros v Bajaj Hindustan v Cargill v Fluor v Eicher v Nokia v Bharti-Airtel v Maruti Banking Finance
Insurance v Aviva v Tata-AIG v CCIL v CRISIL v Religare v IL and FS v Dolat Capital v
Max v Citi-Financial IT Enabled Services v GE v Fidelity v
XL v L and T Infotech v IGT v Induslogic v RMSI v MIH v FiServ v Quintiles v R Systems v Medusind v IBM Daksh Education v IIM Lko v AMU v PEC v Jamia v Amity Media and Entertainment v CNBC v TURNER v
v CNN v
Times of v NDTV v
Government and Defence v IFFCO v C-DOT v Mother Dairy v C-DAC v Core of Signals v Railways v Ernet v Indian Airlines v DMRC v IRCTC v NTRO Hospitality v Scope vista v Aman Resort v Apollo v Fortis v
v Vatika Resorts |
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No. of Employees : |
Not Available |
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Bankers : |
v
Union Bank of v HDFC Bank v ICICI Bank Limited v Citi Bank N.A. |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Santosh Gupta and Company Chartered Accountants |
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Address : |
SCF-30P, Sector 16, Part-1, Market, |
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Tel. No.: |
91-129-4709111/ 2226310 |
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Residence No.: |
91-129-2280530 |
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Income-tax
PAN of auditor or auditor's firm : |
AAQFS1038Q |
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Subsidiaries : |
Celerity
Networks Private Limited CIN No.: U72200DL2007PTC158806 Address: Vasisht House, 7/2 and 73/, Kalu Sarai, Begumpur, Velocis Systems Address: Building No.16, 3rd Floor, Office No.334, |
CAPITAL STRUCTURE
After 30.09.2010
Authorised Capital : Rs.65.000 millions
Issued, Subscribed & Paid-up Capital : Rs.54.776
millions
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
6500000 |
Equity Shares |
Rs.10/- each |
Rs.65.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4643992 |
Equity Shares |
Rs.10/- each |
Rs.46.440
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 |
46.440 |
46.440 |
44.229 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
78.120 |
72.491 |
60.903 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
124.560 |
118.931 |
105.132 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
181.437 |
223.107 |
177.684 |
|
|
2] Unsecured Loans |
13.617 |
18.004 |
24.429 |
|
|
TOTAL BORROWING |
195.054 |
241.111 |
202.113 |
|
|
DEFERRED TAX LIABILITIES |
8.987 |
6.484 |
4.256 |
|
|
|
|
|
|
|
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TOTAL |
328.601 |
366.526 |
311.501 |
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APPLICATION OF FUNDS |
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|
|
|
|
|
|
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FIXED ASSETS [Net Block] |
68.997 |
56.040 |
39.109 |
|
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Capital work-in-progress |
0.000 |
0.000 |
5.840 |
|
|
|
|
|
|
|
|
INVESTMENT |
19.304 |
18.100 |
18.100 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
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|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
22.393
|
31.026 |
48.007 |
|
|
Sundry Debtors |
281.156
|
285.183 |
318.668 |
|
|
Cash & Bank Balances |
16.250
|
35.461 |
53.504 |
|
|
Other Current Assets |
10.901
|
10.367 |
12.874 |
|
|
Loans & Advances |
71.359
|
51.103 |
22.925 |
|
Total
Current Assets |
402.059
|
413.140 |
455.978 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
111.250
|
78.667 |
160.381 |
|
|
Other Current Liabilities |
48.832
|
35.881 |
36.808 |
|
|
Provisions |
1.756
|
6.325 |
10.494 |
|
Total
Current Liabilities |
161.838
|
120.873 |
207.683 |
|
|
Net Current Assets |
240.221
|
292.267 |
248.295 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.079 |
0.119 |
0.157 |
|
|
|
|
|
|
|
|
TOTAL |
328.601 |
366.526 |
311.501 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
|
|
|
|
|
|
|
|
Income |
1009.427 |
1004.957 |
1032.130 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
1009.427 |
1004.957 |
1032.130 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
985.087 |
974.802 |
993.195 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
985.087 |
974.802 |
993.195 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
24.340 |
30.155 |
38.935 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
14.005 |
9.627 |
8.601 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
10.335 |
20.528 |
30.334 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
4.706 |
8.940 |
14.457 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
5.629 |
11.588 |
15.877 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
6.671 |
8.617 |
9.562 |
|
|
TOTAL EARNINGS |
6.671 |
8.617 |
9.562 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.21 |
2.50 |
4.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
0.56
|
1.15 |
1.54 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.19
|
4.38 |
6.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
0.17 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.87
|
3.04 |
3.90 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.48
|
3.42 |
2.20 |
LOCAL AGENCY FURTHER INFORMATION
Note:
The company changed its registered office from 16/8, Arya Samaj Road, Karol Bagh, New Delhi – 110 005 to Vasisht House, 7/2 and 7/3, Kalu Sarai, Begumpur, New Delhi – 110 017 w.e.f. 22.01.2008.
Note:
The Registered office has again shifted from Vasisht House, 7/2 and 7/3, Kalu Sarai, Begumpur, New Delhi – 110 017 to the present address w.e.f. 07.04.2011.
SUBSIDIARIES:
Subject have a
subsidiary company Celerity Networks Private Limited subsidiary of the company
is engaged in business of IT Managed Services. Celerity NOC (Network Operation
Centre) is located at Gurgaon. The company has 94.39% share holding of Celerity
Networks Private Limited Section 212 of the Companies Act, 1956.
FORM 8:
|
Corporate
identity number of the company |
U74899DL1995PTC069887 |
|
Name of the
company |
VELOCIS SYSTEMS PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
Vasisht House, 7/2 and 7/3, Kalu Sarai, Begumpur, E-Mail: rishi.malhotra@velocis.in |
|
This form is for |
Creation of
charge |
|
Type of charge |
Movable property (not being pledge) |
|
Particular of
charge holder |
CIN No.:
U70200KA2004PTC034849 Cisco Systems
Capital ( E-Mail: hegosain@cisco.com |
|
Nature of
description of the instrument creating or modifying the charge |
Unattested Deed
of Hypothecation dated 05th January 2010 charge of Fixed Assets as per
schedule "B" of said agreement. |
|
Date of
instrument Creating the charge |
05.01.2010 |
|
Amount secured by
the charge |
Rs.9.256 millions
|
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: 11.29% Terms of
Repayment: Term Loan on
Fixed Assets, Repayment in 19 EQI (Equal Quarterly Installment) of Rs.0.509
million each Margin: 20% of Equipment
Cost Rs.9.256 millions Extent and
Operation of the charge: Charge on Computers/Leptops
and computer networking products as per schedule "B" of Unattested
Deed of Hypothecations dated 05.01.2010. Others: Term Loan of
Fixed Assets as per schedule "B" of Unattested Deed of
Hypothecations dated 05.01.2010 and repay with in Five Year in 19 Equal
Quarterly Installment. |
|
Short particulars
of the property charged |
Computers/Leptops
and computer networking products as per schedule "B" of Unattested
Deed of Hypothecations dated 05.01.2010. |
CONTINGENT LIABILITY (As on 31.03.2010):
The Company has given Bank Guarantees to the
tune of Rs.51.727 millions to various customers. The margin money with Bank
against is Rs.9.975 millions. To that extent the contingent liabilities have
not been provided in books.
In the opinion of the Board, Current Assets,
Loans and Advances are approximately of the value stated if realised in the
ordinary course of business. The provisions for depreciation and for all known
liabilities are adequate and not excess of the amount considered necessary.
Investments at the year-end have been
physically verified, valued and certified by the management.
Confirmation from Sundry Debtors, Advances
Recoverable and Sundry Creditors appearing in the Balance Sheet are subject to
confirmation.
The company has not received any information
from any of the suppliers being Small Scale Industrial Units. Hence the amount
due to Small Scale Industrial Units as on 31st March 2010 are not
ascertainable.
Working capital facilities availed by the
company from its bankers are secured by way of hypothecation of stock, debtors
and by way of equitable mortgage of specified property the amount outstanding
on this account as on 31-03-2010 Rs.144.310 millions Other loans amounting to
Rs.36.021 millions as on 31-03-2010 from its bankers and financial institutions
are secured by way of Personal guarantees of two Directors
FIXED ASSETS:
v
Plant and Machinery
v
Furniture and Fixtures
v
Building
v
Computers
v
Vehicles
WEBSITE DETAILS:
OVERVIEW:
Subject is a players in networking, computing, messaging and collaboration, Portals, and Business Process Automation. Velocis is uniquely positioned to deliver end-to-end IT solutions beginning from cabling to collaboration to the market.
They bring a broader, deeper and state-of-the-art range of products, solutions and services to their customers. Their offerings in IT Infrastructure, Messaging and Collaboration, Business Applications and IT Managed Services help their customers derive more value out of IT. Velocis’ has expertise in IT Infrastructure wired and wireless deployment, Application Development and Deployment, Managed Services, Infrastructure Audit, and FMS. Their state-of-the-art NOC provides 24x7 support services to their valued customers to run their mission critical infrastructure.
Their flagship product, Augment is a state-of-the-art Business Process Management Platform. Modeled on the logical pattern of a physical production situation, Augment Maps various work steps in a Business Process similar to production/quality steps on an assembly line. The product has been successfully deployed in business critical processes across various verticals including Banking, Insurance, BPO, Automotive, and Healthcare.
Velocis’ endeavor to excel in all it’s processes and deliverables to it’s customer, and is already paying back with retention of all their major customers and at the same time addition of new customers into their fold. They address customers in all the major verticals of Corporate, defense and Government. Some of their esteemed customers include ERNET, Airtel, Max New York, IBM, Honda, Religare, IIT Roorkee, IIM Lucknow, Nokia, NDTV, various Defense Signal establishments, Cairn, Tata AIG, Yamaha. Their customer success stories have even been acknowledged on IBM web site.
AWARDS:
|
AWARD |
OEM |
YEAR |
|
Best tier 2 reseller software group North |
IBM |
2001 |
|
The best reseller (North 2003) |
IBM |
2003 |
|
Top system integrator |
IBM |
2003 |
|
IBM Software value net partner |
IBM |
2003 |
|
This is to recognize the contribution to the IBM software
business for the 1st HALF-2004 |
IBM |
2004 |
|
The best solution Provider(North) |
IBM |
2004 |
|
Marketing champ IBM Software Partner summit 2006) |
IBM |
2006 |
|
Business partner with fastest business growth |
IBM |
2006-Business
Partner Annual kick of meet |
|
Strategic win |
IBM |
2006 |
|
Authorized business partner IBM software group |
IBM |
2006 |
|
In appreciation of the contribution and support to the successful
rollout of Tejas |
Cairn |
August 2007 |
|
ISV Advantage initiative |
IBM |
December 2007 |
|
Sybase authorized systems integrator |
Sybase |
2007-08 |
|
The star “Big ticket Awards” |
IBM |
2007 |
|
Excellence in the Mid market in Northern region for SWG - 2008 |
IBM |
2008 |
|
Congratulation on earning a Microsoft competency which recognizes the
commitment , expertise and superiority using Microsoft products and services |
Microsoft |
2008-09 |
|
Recognizing the highest level of technology Excellence, Market Place
impact and satisfaction of customers through Microsoft Products and Services |
Microsoft(Gold
Certified partner) |
2008-2009 AND
2009-2010 |
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.45.10 |
|
|
1 |
Rs.71.88 |
|
Euro |
1 |
Rs.63.75 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.