1. Summary Information
|
|
|
Country |
|
|
Company Name |
SREEVEN INFOCOM
LIMITED |
Principal Name 1 |
Mr. Muthukrishnan Swaminathan |
|
Status |
Moderate |
Principal Name 2 |
Mr. Sanjay Kumar Srivastava |
|
|
|
Registration # |
01-38202 |
|
Street Address |
Flat No. 605-A, 6th Floor, Huda, Maitrivanam, Sanjeeva Reddy
Nagar, Hyderabad-500038, |
||
|
Established Date |
13.12.2001 |
SIC Code |
-- |
|
Telephone# |
91-40-23733651 |
Business Style 1 |
Trader |
|
Fax # |
91-40-23733652 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Scanner |
|
|
# of employees |
Approximately 600+ |
Product Name 2 |
Finger Printers |
|
Paid up capital |
Rs.
100,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or
relatives of Directors (100.00%) |
Banking |
ING Vysya Bank Limited |
|
Public Limited Corp. |
NO |
Business Period |
10 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B (27) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2007 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
10,241,000 |
Current Liabilities |
952,000 |
|
Inventories |
000 |
Long-term Liabilities |
1,016,000 |
|
Fixed Assets |
3,630,000 |
Other Liabilities |
1,341,000 |
|
Deferred Assets |
000 |
Total Liabilities |
`3,309,000 |
|
Invest& other Assets |
801,000 |
Retained Earnings |
3,941,000 |
|
|
|
Net Worth |
11,363,000 |
|
Total Assets |
14,672,000 |
Total Liab. & Equity |
14,672,000 |
|
Total Assets (Previous Year) |
15,593,000 |
|
|
|
P/L Statement as of |
31.03.2007 |
(Unit: Indian Rs.) |
|
|
Sales |
31,456,000 |
Net Profit |
1,585,000 |
|
Sales(Previous yr) |
21,955,000 |
Net Profit(Prev.yr) |
1,938,000 |
MIRA
INFORM REPORT
|
Report Date : |
07.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
SREEVEN INFOCOM LIMITED (w.e.f. 19.12.2007) |
|
|
|
|
Formerly Known
As : |
SREEVEN INFOCOM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Flat No. 605-A, 6th Floor, Huda, Maitrivanam, Sanjeeva Reddy
Nagar, Hyderabad-500038, Andhra Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2007 |
|
|
|
|
Date of
Incorporation : |
13.12.2001 |
|
|
|
|
Com. Reg. No.: |
01-38202 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200AP2001PLC038202 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDS15213C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCS3012F |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Trader of Scanner and Finger printers and also providing services of
facility management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 45000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The
management has not filed the financials of the company with the Government
Department after 2007. Trade relations are reported as fair. Business is
active. Payment terms are not known. 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. Prabhakar Rao |
|
Designation : |
Assistant Manager |
|
Contact No.: |
91-40-23733651 |
|
Date : |
03.03.2011 |
LOCATIONS
|
Registered / Head Office : |
Flat No. 605-A, 6th Floor, Huda, Maitrivanam, Sanjeeva
Reddy Nagar, Hyderabad-500038, |
|
Tel. No.: |
91-40-23733651 |
|
Fax No.: |
91-40-23733652 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
Owned |
|
|
|
|
Corporate Office : |
5th Floor, Dego Towers, |
|
Tel. No.: |
91-40-66663651 |
|
|
|
|
Branch Office : |
Suit # 201-A, 2nd Floor, Om Vihar Complex, Near Uma Cinema Hall,
Pirmohani, Kadamkuan, Patna-800003, Andhra Pradesh, India |
|
Tel. No.: |
91-612-2665011 |
|
Fax No.: |
91-612-6550299 |
DIRECTORS
As on 28.09.2007
|
Name : |
Mr. Muthukrishnan Swaminathan |
|
Designation : |
Director |
|
Address : |
7, |
|
Date of Birth/Age : |
25.08.1950 |
|
Date of Appointment : |
10.07.2009 |
|
DIN No.: |
00339373 |
|
|
|
|
Name : |
Mr. Sanjay Kumar Srivastava |
|
Designation : |
Director |
|
Address : |
C/3, Yash Apartment, Patel Nagar, Harmu, Ranchi-834002, |
|
Date of Birth/Age : |
06.10.1968 |
|
Date of Appointment : |
10.07.2009 |
|
DIN No.: |
02671198 |
|
|
|
|
Name : |
Mr. Kalindi Satyanarayana Raju |
|
Designation : |
Director |
|
Address : |
R/o 6-3-347/ 18/201, |
|
|
|
|
Name : |
Mr. A. Venkata Surya Satyanarayana Raju |
|
Designation : |
Director |
|
Address : |
2nd Floor, H. No. 8-3-320/1/5, Sai Saradhi Nagar,
Yellareddy Guda, Hyderabad-500073, |
|
|
|
|
Name : |
Mr. Purna Kumar |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Prashanth Chundu |
|
Designation : |
Director |
|
Address : |
R/o, 12-5-149/6/B, Vijaypuri Colony, Taranaka, Hyderabad-500107, |
|
Date of Birth/Age : |
14.03.1973 |
|
Date of Ceasing : |
27.03.2010 |
|
DIN No.: |
00671440 |
KEY EXECUTIVES
|
Name : |
Mr. Prabhakar Rao |
|
Designation : |
Assistant Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2007
|
Names of Shareholders |
|
No. of Shares |
|
CH. Prashanth |
|
9000 |
|
Kalindi Satyanarayana Raju |
|
500 |
|
A Venkata Surya Satyanarayana Raju |
|
500 |
|
Total |
|
10000 |
As on 26.11.2007
|
List of Allottees |
|
No. of Shares Allotted |
|
CH. Prashanth |
|
40000 |
|
Kalindi Satyanarayana Raju |
|
40000 |
|
A Venkata Surya Satyanarayana Raju |
|
20000 |
|
Suryadevara Ramkrishan Paramhamsa |
|
13000 |
|
Mudunuru Veeravenkata |
|
13000 |
|
Kanumuri Venkata |
|
14000 |
|
Rajesh Kumar Kondoth |
|
50000 |
|
Total |
|
190000 |
Equity Share Breakup (Percentage of Total Equity)
As on 28.09.2007
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Scanner and Finger printers and also providing services of
facility management. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
|
||||||||||||
|
|
|
||||||||||||
|
No. of Employees : |
Approximately 600+ |
||||||||||||
|
|
|
||||||||||||
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Bankers : |
|
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R R K and Associates Chartered Accountant |
|
Address : |
G-1, Krishna Apartments, Yellareddyguda, Ameerpet- Hyderabad-500073, |
|
Tel. No.: |
91-40-23734419/ 66623579 |
|
E-Mail : |
CAPITAL STRUCTURE
As on 28.09.2007
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7500000 |
Equity Shares |
Rs. 10/- each |
Rs. 75.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3400000 |
Equity Shares |
Rs. 10/-
each |
Rs. 34.000
Millions |
As on 31.03.2007
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs. 10/-
each |
Rs. 0.100
Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
7.322 |
4.902 |
1.142 |
|
|
3] Reserves & Surplus |
3.941 |
2.357 |
0.419 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
11.363 |
7.359 |
1.661 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1.016 |
3.400 |
4.079 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
1.016 |
3.400 |
4.079 |
|
|
DEFERRED TAX LIABILITIES |
0.403 |
0.403 |
0.403 |
|
|
|
|
|
|
|
|
TOTAL |
12.782 |
11.162 |
6.143 |
|
|
6.143 |
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3.630 |
4.735 |
2.551 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.801 |
0.961 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.303 |
0.000 |
|
|
Sundry Debtors |
2.750
|
1.785 |
2.214 |
|
|
Cash & Bank Balances |
0.117
|
1.216 |
0.518 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
7.374
|
6.593 |
1.756 |
|
Total
Current Assets |
10.241
|
9.897 |
4.488 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000
|
0.000 |
0.000 |
|
|
Other Current Liabilities |
0.952
|
3.303 |
0.390 |
|
|
Provisions |
0.938
|
1.128 |
0.509 |
|
Total
Current Liabilities |
1.890
|
4.431 |
0.899 |
|
|
Net Current Assets |
8.351
|
5.466 |
3.589 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.003 |
|
|
|
|
|
|
|
|
TOTAL |
12.782 |
11.162 |
6.143 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
31.456 |
21.955 |
|
|
|
Other Income |
|
0.000 |
0.283 |
|
|
|
Closing WIP |
|
0.000 |
0.303 |
|
|
|
TOTAL (A) |
|
31.456 |
22.541 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Computer Consumption and Processing Cost |
|
24.392 |
14.576 |
|
|
|
Salaries and Employee Cost |
|
1.767 |
1.774 |
|
|
|
Directors Remuneration |
|
0.120 |
0.120 |
|
|
|
Administration Expenses |
|
0.527 |
1.582 |
|
|
|
Preliminary Expenses |
|
0.000 |
0.003 |
|
|
|
|
|
|
|
|
|
|
TOTAL (B) |
|
26.806 |
18.055 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
4.650 |
4.486 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
0.098 |
0.572 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
4.552 |
3.914 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
2.029 |
1.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
2.523 |
2.514 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
0.938 |
0.576 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
1.585 |
1.938 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
158.50 |
-- |
|
|
Particulars |
|
31.03.2010 |
31.03.2009 |
|
Sales Turnover (approximately) |
|
210.000 |
160.000 |
Expected Sales (2010-2011) : Rs. 350.000 Millions
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
5.04
|
8.60 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.02
|
11.45 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
18.19
|
17.18 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22
|
0.34 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.26
|
1.06 |
2.99 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.42
|
2.23 |
4.99 |
LOCAL AGENCY FURTHER INFORMATION
Note:
The Registered office of the company has been shifted from 13-5-149/6/B
Vijyapuri, Tarnaka, Secunderabad-500003,
Trade References:
·
AID Systems India Private
Limited
·
AS Technology Credit
Limited
Performance during the year:
During the year the company has made a
turnover of Rs. 31.456 Millions for the year 2006-07 which is an increase of 40%
over the previous year. Similarly the PBT has also increase marginally to Rs.
2.522 Millions and the company has made a net profit of Rs. 1.618 Millions
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U72200AP2001PLC038202 |
|
Name of the
company |
SREEVEN INFOCOM LIMITED |
|
Address of the
registered office or of the principal place of business in |
Flat No. 605-A, 6th Floor, Huda, Maitrivanam, Sanjeeva Reddy
Nagar, Hyderabad-500038, |
|
This form is for |
Modification of
Charge |
|
Charge
identification number of the charge to be modified |
10172290 |
|
Type of charge |
Book Debts Movable Property Others |
|
Particular of charge
holder |
ING Vysya Bank
Limited, 27 to 39 I Floor, Neelgiri Block, Aditya Enclave Ameerpet,
Hyderabad-500038, |
|
Nature of
instrument creating charge |
Supplemental
General Hypothecaiton Agreement Letter of Renewal |
|
Date of
instrument Creating the charge |
26.06.2010 |
|
Amount secured by
the charge |
Rs. 20.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest OD- BD: IVRR-
3.00% p.a. (Present IVRR is 15.75% p.a.a) BG: Commission –
3.00% p.a for financial and 2% p.a. for performance Terms of
Repayment OD-BD: On Demand BG: On Demand Margin OD- BD: 25% on
book debts upto 120 days BG: 25% Margin as
term deposit of the bank Extent and Operation
of the charge First charge on
the movable fixed assets of the company with written down value Rs. 32.755
Millions as on 31.03.2010 First Charge on
entire book debts of the company both present and future |
|
Short particulars
of the property charged |
All company
movable fixed assets of A.P. and All book debts of
the company both present and future. |
|
Particulars of
the present modification |
The Total limit has
been enhanced from Rs. 12.500 Millions to Rs. 20.000 Millions by way of an
additional OD-BD of Rs. 5.000 Millions and BG of Rs. 2.500 Millions ODSIT/ BD
converted to ODBD. All other term
and conditions remain same. |
Fixed Assets:
·
Furniture
·
Computer
·
Office Equipments
·
UPS
·
Scanner
·
Digital Cameras
AS PER WEBSITE
Profile:
Subject is [An ISO 9001:2008
certified company in Software Development, ITES and IT Infrastructure
Management and in Smartcard Sales, Distribution, Personalization and Back
Office Operations] has been incorporated in the year 2001-2002. Having set a
sight deep into the future of Good Governance and much ahead of the time,
Sreeven Infocom forayed into e-governance as a mantra for
Not constrained by any barriers, the services can be are availed by Governments
as well as Quasi Government Organizations and PSUs. They are also wedded to the
philosophy that efficiency and reliability need not necessarily be guided by
cost factors. The solutions and services portfolio is surprisingly both
qualitative and cost-effective.
The software solutions are specifically designed to automate the
end-to-end electronic business processes for Government Departments and help
them to build relationship in the world of ICT solutions.
With state-of-the-art development center and Multi-location delivery
capability Sreeven leverages a seamless mix of High end Business Process
Re-Engineering/Consulting in the Government Departments to Rural level delivery
of Services to citizens.
The team of more than 750+ highly qualified and determined professionals
is best characterized by their creativity, knowledge base, ability and
willingness to communicate with the customer. The key to the success has been
the commitment to hiring the very best professionals in the IT field and committing
to sustain and update their skills through constant training, education, and
certification programs. The customers benefit not only from the team’s
extensive knowledge of modern information technology, but also from their
exceptional understanding of the unique requirements of each business in
various sectors of the industry and Government.
EXPERTISE :
·
E-Governance
·
IT Enabled Services
·
Network Solutions
·
Software Development
·
ICT Products
·
ICT Turnkey Solutions (BOOT / BOO / BOMT)
PROMOTERS:
K.S.Raju, Managing Director
Mr. Sri K. S. Raju, aged about 41 years is a Member of the
Institution of Engineers,
He has rich experience in the Domestic IT industry in the areas of
e-Governance and IT Enabled Services. He is focused on Marketing and building
strong Customer Centric approach to business.
Mr. Sri A. V. S. Raju, (Executive Director) aged about
43 years is a Graduate in Mechanical Engg. from
Mr. Sri S.R.K.P. Hamsa, Director (Marketing) aged about
43 Years is a Management Graduate has more than 16 years experience in
e-Governance and IT Enabled Services. He is having good experience in Handling
and Executing BOOT projects. Focused on Marketing and building strong Customer
Centric approach to business.
Mr. Sri Sanjay Kumar Srivastava, Director (North) aged about
40 Years is heading the Company’s Expansion plans in
NEWS:
Aadhaar based Smart Ration Cards launched by
Chief Minister [28th January 2011]
Chief Minister enrols himself for Aadhaar [28th January 2011]
The Chief Minister of Andhra Pradesh, Mr. N. Kiran Kumar Reddy got
himself enroled at a special
On his visit to distribute Aadhaar based
Smart Ration Cards in Maheswaram, the first ever Aadhaar enrolment
saturated mandal, in Rangareddy district, the chief ministers facial
photograph, iris and fingerprints are captured.
Common Services Centers(CSC) contract awarded to Sreeven Infocom [19th
January 2011]
Sreeven Infocom has bagged Common Services Centers contract
in districts of West Godavari,
As a Service Center Agency (SCA) for CSC, Sreeven will be the prime driver
of the CSC system and also the owner of the CSC network in the districts
it was awarded the contract.
Common Services Centers, also called as rural e-seva centers, are
envisioned as the front-end delivery points for Government, private and
social sector services to rural citizens of
non-IT services.
The Village Level Entrepreneur (VLE), through his
CSC, should act as a service delivery point where he delivers services
through which the population of the catchment area benefits.
Aadhaar based
Smart Ration Cards issued in Kothapalem, Chittoor district [October 2010]
Aadhaar based Smart Rations Cards are issued to all beneficiaries in
Kothapalem
A smart ration card bears biometrics, demographic details and thumbnail
photographs of all the family members in a household. Any family member can use
the card in fair price shop. Trasactions made at the FP shop are posted in the
center server.
Sreeven launches UID/Aadhaar in Andhra Pradesh [15th August 2010]
Sreeven is the first enrolment agency in
Our Expertise and extensive field level experience helped us and UIDAI in
successfull field testing of Aadhaar application. Sreeven has developed KYR+
application “Beneficiary Management System” which seamlessly integrates with
Aadhaar application.
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.44.99 |
|
|
1 |
Rs.73.24 |
|
Euro |
1 |
Rs.62.80 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
27 |
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.