MIRA
INFORM REPORT
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Report Date : |
28.03.2011 |
IDENTIFICATION DETAILS
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Name : |
MODERN COMMUNICATION AND BROADCAST SYSTEM PRIVATE LIMITED |
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Registered Office : |
17, Vasuma Bungalows, Vastrapur, Ahmedabad – 380015, |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
25.07.1985 |
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Com. Reg. No.: |
04-007980 |
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CIN No.: [Company
Identification No.] |
U32100GJ1985PTC007980 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
AHMM01615F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturing and Trading of Communication and
Broadcasting Equipments. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (48) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 290000 |
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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 fair. 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
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Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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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 |
LOCATIONS
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Registered Office : |
17, Vasuma Bungalows, Vastrapur, Ahmedabad – 380015, |
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Tel. No.: |
91-79-26562821 |
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Fax No.: |
91-79-26401407 |
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E-Mail : |
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Website : |
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Head Office / Factory : |
B – 138/139, GIDC Electronics Estate Sector – 25, Gandhinagar –
382025, |
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Tel. No.: |
91-79-23243462 / 23246016 / 32960065 |
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Fax No.: |
91-79-23240585 |
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E-Mail : |
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Ahmedabad Office : |
SF – 11, B-Wing, Maradia plaza, |
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Tel. No.: |
91-79-26562821 / 30020081 |
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Fax No.: |
91-79-26401607 |
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Mr. S. N. Nanjunda Iyer No. 152 2nd Floor, Hanuman Chambers, 2nd |
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Tele fax No.: |
91-80-26609280 |
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Mr. Vinay Joshi / Mr. Suresh B. Plot No.23, Paigah Colony, |
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Telefax No.: |
91-40-27901810 |
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Tel No.: |
91-40-55320776 / 27902100 |
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E-Mail : |
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Mr. P.S. Bhatnagar 141, DDA Office Complex, Cycle Market, Jandewalan Extn, |
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Mobile No.: |
91-9868648451 |
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Bhubaneshwar Office: |
Mr. C.S. Patnaiak Plot No. 614, Behind Yamaha Bike Point, Bomikhal, |
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Mobile No.: |
91-9338208229 |
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FM – 5A, Mansarover Complex, Opp. Habibganj Railway Station, |
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Mobile No.: |
91-9328024333 |
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DIRECTORS
As on : 30.09.2009
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Name : |
Mr. Fulchand Gyanchand Jain |
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Designation : |
Chairman cum Managing Director |
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Address : |
17, Vasuma Bungalows, Opp. Taxshila Flats, Vastrapur, Ahmedabad –
380015, |
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Date of Birth/Age : |
30.03.1946 |
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Qualification : |
BE, ME (Adv. Electrical), Fiete Miee |
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Experience : |
20 Years (ISRO) |
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Date of Appointment : |
25.07.1985 |
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Profile: |
He has about 15 years of working experience with Space Applications Centre (SAC), Indian Space Research Organization (ISRO), and was a leading member of Research and Development team, especially in the field of Video, image processing, communication and broadcast equipment development. He has designed and
developed complex equipment and systems of immense use in He has worked on a number of Satellite communication and Broadcast networks in the country. He has been a member of various committees of Department of Electronics, Doordarshan, Department of Science and Technology, Ministry of Education, University Grants Commission and several other organizations. He was a member of UNESCO Team of ‘Transfer of Technology in Communication in Developing Countries’. He has traveled to Europe, USA, Canada and Japan as ITU/UNDP fellow in 1978 and 1982 where he carried out important research studies in the world’s top most of organizations namely, ABC, PBS, CBS, Ford studies in the world’s top most organizations namely ABC, PBS, CBS, Ford Aero Space and AMPEX Corporation (USA), IBA and BBC in UK, NHK, Sony and NEC in Japan. He has published 80 technical papers in national and
international journals. He was fellow of Institution of Electrical and
Electronics Engineers (IEEE). He has started his career as an entrepreneur in
1984 and eventually started The company in 1985 and had developed it to its’
present position in the last one decade. The company produces a vast range of
hi-tech communication products, which are marketed all over |
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Name : |
Mr. Ashish Gyanchand Jain |
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Designation : |
Director |
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Address : |
17, Vasuma Bungalows, Opp. Taxshila Flats, Vastrapur, Ahmedabad –
380015, |
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Date of Birth/Age : |
12.03.1973 |
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Qualification : |
BE, MBA. |
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Experience : |
8 Years (MCBS) |
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Date of Appointment : |
01.12.1995 |
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Name : |
Mr. Manish Gyanchand Jain |
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Designation : |
Director |
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Address : |
17, Vasuma Bungalows, Opp. Taxshila Flats, Vastrapur, Ahmedabad – 380015,
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Date of Birth/Age : |
01.10.1975 |
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Qualification : |
BE Diploma in International Business Management |
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Experience : |
4 Years (MCBS) |
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Date of Appointment : |
15.11.2002 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on : 30.09.2009
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Names of Shareholders |
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No. of Shares |
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Mr. G. C. Jain |
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1326661 |
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Mrs. A. D. Jain |
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935014 |
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Mr. Ashish Jain |
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300100 |
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Mr. Manish Jain |
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311900 |
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Mrs. Pooja Jain |
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117750 |
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Mr. Babulal Jain |
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10800 |
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Mrs. Ratnibai Jain |
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10800 |
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New Communication Technology Private Limited |
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215000 |
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Space Communication Technology ( |
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270000 |
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Total |
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3498025 |
As on : 30.09.2009
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Category |
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Percentage of
Holding |
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Directors or Relatives or Directors |
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100.00 |
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BUSINESS DETAILS
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Line of Business : |
Manufacturing and Trading of Communication and Broadcasting
Equipments. |
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Products : |
· Dish Antenna 60Chairman/90Chairman/1.2mtr/8’/12’/16’/20ft · Modulators · Video Audio Routing Switcher · Video Audio · Switcher · Video-Audio Amplifier · V-A Sequential Switcher · CCD Cameras · Video Monitors · Lenses (Manual Monofocal Lense, Auto Iris Lense and Monitorized Zoom Lense) · Switching/Processing Equipment · CCTV Accessories Video-Phone System · Image Processing Product · Telemetry Products |
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Brand: |
MCBS |
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Agencies Held : |
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Scientific Atlanta Inc, ·
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Azure Shine International, ·
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Sigma Electronics Inc., |
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GENERAL INFORMATION
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Bankers : |
State Bank of |
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Facilities : |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Ambani Gupta and Jain Chartered Accountants |
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Address : |
311, Abhushan Complex, 17, Mahadevnagar Society, SP Stadium Road,
Navrangpura, Ahmedabad – 380014, Gujarat |
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Tel. No.: |
91-79-2646 7011, 2646 2906 |
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Fax No.: |
91-9825019148 |
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E-Mail: |
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Associates/Subsidiaries : |
· New Communication Technology Private Limited B-169/170, GIDC Electronics Estate, Sector – 25,
Gandhinagar – 382 044, --Manufacturer of CATV/SMATV Equipments ·
Space Communication Technology ( ·
MCBS Service Centre, Ahmedabad, |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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3498025 |
Equity Shares |
Rs.10/- each |
Rs.34.980
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
34.980 |
34.980 |
34.980 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
37.298 |
27.992 |
19.508 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
72.278 |
62.972 |
54.488 |
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LOAN FUNDS |
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1] Secured Loans |
50.191 |
38.733 |
54.611 |
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2] Unsecured Loans |
1.310 |
1.204 |
1.224 |
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TOTAL BORROWING |
51.501 |
39.937 |
55.835 |
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DEFERRED TAX LIABILITIES |
0.651 |
0.066 |
0.297 |
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TOTAL |
124.430 |
102.975 |
110.620 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
42.318 |
33.510 |
34.370 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.037 |
0.037 |
0.037 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
13.164
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12.088 |
21.701 |
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Sundry Debtors |
42.546
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58.612 |
28.129 |
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Cash & Bank Balances |
51.501
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39.474 |
44.353 |
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Other Current Assets |
0.000
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0.000 |
0.000 |
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Loans & Advances |
38.525
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25.643 |
22.951 |
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Total
Current Assets |
145.736
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135.817 |
117.134 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Other Current Liabilities |
39.412
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45.265 |
28.212 |
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Provisions |
24.394
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21.281 |
12.867 |
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Total
Current Liabilities |
63.806
|
66.546 |
41.079 |
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Net Current Assets |
81.930
|
69.271 |
76.055 |
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MISCELLANEOUS EXPENSES |
0.145 |
0.157 |
0.158 |
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TOTAL |
124.430 |
102.975 |
110.620 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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Income |
530.374 |
660.261 |
410.783 |
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Other Income |
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TOTAL |
530.374 |
660.261 |
410.783 |
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EXPENSES |
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Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
517.002 |
639.701 |
382.480 |
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Interest |
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Depreciation |
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TOTAL |
517.002 |
639.701 |
382.480 |
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PROFIT BEFORE
TAX |
20.722 |
16.946 |
12.941 |
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Less |
TAX |
7.333 |
6.657 |
4.958 |
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PROFIT AFTER TAX
|
13.389 |
10.289 |
7.984 |
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EARNINGS IN
FOREIGN CURRENCY |
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Export Earnings |
7.239 |
31.029 |
Nil |
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Other Earnings |
0.064 |
Nil |
Nil |
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TOTAL EARNINGS |
7.303 |
31.029 |
Nil
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IMPORTS |
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Purchase of Materials |
430.945 |
502.901 |
137.475 |
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TOTAL IMPORTS |
430.945 |
502.901 |
137.475 |
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Earnings Per
Share (Rs.) |
3.83 |
2.94 |
2.09 |
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KEY RATIOS
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PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
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PAT / Total Income |
(%) |
2.52
|
1.55 |
1.94 |
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Net Profit Margin (PBT/Sales) |
(%) |
3.90
|
2.56 |
3.15 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
11.01
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10.00 |
8.54 |
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Return on Investment (ROI) (PBT/Networth) |
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0.28
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0.26 |
0.23 |
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Debt Equity Ratio (Total Liability/Networth) |
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1.59
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1.69 |
1.77 |
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Current Ratio (Current Asset/Current Liability) |
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2.28
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2.04 |
2.85 |
LOCAL AGENCY FURTHER INFORMATION
HISTORY
Subject was incorporated on 25th July, 1985 at
Ahmedabad in
It is popularly known as ‘MCBS’. It was instituted by professionals and
technocrats who, has engineering experience of more than 20 years from
Since past 17 years the company is in the service of Communication & Broadcast industry. It was originally established for manufacture of Communication & Broadcast equipment, but gradually diversified to include [I] Turnkey Projects & System Integration [ii] Marketing of Foreign Principals products & projects. It has successfully implemented several complex and prestigious projects within the stipulated time period and this has earned for the company a reputed name among its customers and suppliers. With more than 20 years of successful operations, the company has steadily grown its present stature.
The company was primarily set up for manufacturing of Communication and Broadcast equipment. The areas chosen for its’ activity had been CATV/SMATV, Video-Audio equipments and CCTV systems. The coampny has subsequently diversified its’ activities to include:-
a) Turnkey Projects
Marketing and Distribution of products and projects in
various hi-tech communication fields, in association with its’ foreign
principals
OPERATION AND
BUSINESS PROSPECT :
Despite Global recession in the year 2009-10, the company has shown good
performance by achieving 530.300 Millions turnover. It is company’s stringent
measure for cost control which may pay off in means of higher profit despite
20% decrease in turnover. The company is going to expand in manufacturing of
dish antenna in the next year. The company hope to achieve far better
performance after completion of setting up of dish antenna facility.
Form : 8
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Name of the company |
MODERN
COMMUNICATION AND BROADCAST SYSTEM PRIVATE LIMITED |
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Presented By |
Shri R. G. Jain
(Director) |
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1) Date and description of instrument creating the change |
18.08.2005 General agreement
for the grant of Medium Term Advances to Small Scale Industries and
Hypothecation of Movable Book – Debts and Other assets. |
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2) Amount secured by the charge/amount owing on the securities of charge |
Term Loan of
Rs.7.500 millions |
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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 |
Term Loan of
Rs.7.500 millions to acquire for new machinery (as per list attached) and
construction of shed at the factory premises at Gandhinagar |
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4) Gist of the terms and conditions and extent and operation of the charge. |
The medium term
loan of Rs.7.500 millions secured by way of first charge in favour of Bank The medium term
loan of RS.7.500 millions will be repayable in 36 monthly installment (35
installment of Rs.0.208 million each and the last installment of Rs.0.220
million) commencing form February, 2006 Interest on
medium term loan will be payable at the end of every month and will be
charged at the rate of 2% over SBAR (presently 12.25%) with interest tax if
applicable, subject to change from time to time. |
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5) Name and Address and description of the person entitled to the charge. |
State Bank of Spl. Commercial
Branch, |
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Corporate
identity number of the company |
U32100GJ1985PTC007980 |
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Name of the
company |
MODERN
COMMUNICATION AND BROADCAST SYSTEMS PVT LTD |
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Address of the
registered office or of the principal place of business in |
17 Vasuma
Bunglosvastrapur, Ahmedabad – 380006, |
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This form is for |
Modification of
charge |
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Type of charge |
Immovable
property Book debts Movable property
(not being pledge) Others |
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Particular of
charge holder |
State Bank Of |
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Nature of
instrument creating charge |
A) Supplemental Agreement Of Loan Cum
Hypothecation (SME - 4), Dated 12.07.2007. B) Memorandum For Recording Extension Of
Mortgage By Deposit Of Title Deeds Covering
Enenhanced
Limits, Dated 12.07.2007 C) Letter
Of Arrangement (SME - 1) |
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Date of
instrument Creating the charge |
12/07/2007 |
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Amount secured by
the charge |
Rs. 263.500 millions
|
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Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest : Working Capital :
Interest At 0.25% Above Sbar With A Minimum Of 13.00% P.A. Rising Or Falling Therewith
On Daily Products With Monthly Rests. (Present Effective Rate 13.00%) Adhoc Limit At 1%
Above Terms of repayment : Working
Capital : Repayable On Demand. Margin : Raw material
(imported) - 25% Raw material (indigenous) -
25% Semi finished
goods - 25% Finished
goods - 25% Receivables - 50% Letter of
credit - 15% Bank
guarantee - 15% B.g. (one time) - 10% L.c. (one
time)
- 50% Extent and operation of the charge : The Credit
Facilities Have Been Enhanced From Rs. 255.700 millions To Rs. 263.500
millions Secured By Way Of First
Charge Against Hypo. Of All Stock Including Rm, Semi Fg, Fg, Bd, Documents
Relating To The Title Of Goods, Other Current Assets, Plant and Machineries
And Immovable Properties Of The Company More Particulars Of The Properties
Described In The Second, Fourth, Sixth, Eighth, Tenth And Twelfth Schedule Of
The Memorandum For Recording Extension Of Mortgage By Deposit Of Title
Deeds,Dtd.12.07.2007 Enclosed Other : The Credit
Facilities Secured As Under : Fund Base - Demand Cash Credit- Rs. 35.000
millions Ddp (Cheque) -Rs.1.000
millions, Bill Discounting - Rs. 2.000 millions,Term Loan (O/S) - Rs. 5.200
millions Adhoc One Time
Cash Credit - Rs. 12.500 millions, Non Fund Base :
LC (Import / Inland) - Rs. 25.000 millions, B.G. - Rs. 25.000 millions, Lc
(One Time-O/S) - Rs. 25.300millions, B.G. (One Time) - Rs. 57.500 millions,
LC Limit (One Time) - Rs. 35.000 millions and Bg Limit Rs. 40.000
millions.(Lc and Bg Limits Are Interchangeable Up To 50%) |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation Of
All Stock Including Rm, Semi Finished
Goods, Finished Goods, Book Debts, Documents Relating To The Title Of Goods,
Other Current Assets, Plant and Machineries And Immovable Properties Of The
Company More Particulars Of The Properties Described In The Second, Fourth,
Sixth, Eighth, Tenth And Twelfth Schedule Of The Memorandum For Recording
Extension Of Mortgage By Deposit Of Title Deeds,Dtd.12.07.2007 Enclosed
Herewith. |
|
Date of
instrument modifying the charge |
12/06/2007 |
|
Particulars of
the present modification |
By Execution Of
Aforesaid Documents, The Existing Credit Facilities Have Been Enhanced From
Rs. 255.700 millions To Rs. 263.500 millions Secured By Way Of 1st Charge
Against Hypo. Of All Stock Including Rm, Semi Fg, Fg, Bd, Documents Relating
To The Title Of Goods, Other Ca, P and M And Immovable Properties Of The
Company More Particulars Of The Properties Described In The
2nd,4th,6th,8th,10th And 12th Schedule Of The Agreement Enclosed. Now The
Amount Of Charge Have Been Increased To Aggregate Of Rs.263.500 millions |
WEBSITE DETAILS
ATTACHED:
ABOUT THE COMPANY
Modern Communication and
Broadcast Systems Private Limited
popularly known as "MCBS" is headquartered at Ahmedabad,
SUBJECT
KEY AREAS OF ACTIVITIES ARE AS FOLLOWS:
- Manufacturing of Communication & Broadcast equipment.
- Turnkey projects and systems integration.
- Marketing of Hi-tech communication projects.
- Technical support services to its principal companies.
- MCBS has successfully accomplished a large
number of prestigious projects within the stipulated time frame and that has earned the company a very good name with its customers as well as suppliers.For more than 20 years of its successful operation, MCBS has steadily grown to its present size.
Here are some of the highlights of its achievements:
THE
ACHIEVEMENTS
MCBS
has manufactured, supplied and installed the following major systems
40,000
DRS/TVRO terminals for TV networking and distance education.
More
than 15,000 CATV headends for 16-48 channels throughout
More
than 1000 sets of switching, distribution and processing equipment deployed in
various TV transmission projects of Prasar Bharati
1,00,000
DTH terminals and more than 50,000 DTH systems.
More
than 2,00,000 amplifiers and millions of passives.
MCBS
has accomplished more than 80 projects for key customers and organizations in
various info comm field as listed below:
30
projects in Digital Video Broadcast (DVB) field for ISRO, Defence, VSNL, DOT
and others.
30
projects in TV networking & distance education for various Govts
Govt.of.AP, MP, Orissa,
20
projects for CCTV and Security systems for various industries.
3
CATV super Headend for incable net, Hathway and RPG netcom.
5
Digital CATV projects for Hathway in Mumbai, Chennai and
Headend for
MCBS
has designed and developed set-top box for satellite, Cable, and Terrestrial applications
under a project of the Ministry of Information Technology.
ITS
STRENGTHS
MCBS
is a IS0-9001:2000 registered company
MCBS
is a professionally managed company to provide products and services in the
Hi-tech areas of communication field.
MCBS
has a track record of 20 years of successful, operations providing excellent
products and services
to all its customers.
It
enjoys excellent reputation and goodwill amongst its customers, suppliers and
dealers.
MCBS
has been working on many complex projects in several remote areas of
MCBS
has developed vast experience in production, after-sales service support, marketing,
imports and exports, creation of job contract and sub contracts for meeting
immediate and diverse needs.
MCBS
has highly skilled manpower to take care of its operations including system
design, consultancy and turnkey projects.
It
has an excellent dealer / distributor network throughout
material suppliers in
MCBS
has more than 150 field staff for technical
support services and has more than 15 project offices throughout
Group of Companies
MCBS group has set up a number of companies to support various activities
in marketing, production, financing & in the field of hi-tech
communication.
These are listed below:
i)Modern Communication
& Broadcast Systems International Private Limited (MCBS
International Private Limited)
ii)New Communication Technology Private Limited (NCT)
iii)Communication Technology Associates (CTA)
iv)MCBS Service Centre (MSC)
v)Space Communication Technology (
vi)First Capital and Finance Private Limited (FCF)
HIGHLIGHTS OF
ACHIEVEMENTS
> The company is a medium sized company but professionally managed to provide products and services in Hi-Tech areas of communication
> It has a successful track record of 20 years of operations providing excellent products and services to all its customers
> It enjoys excellent reputation and goodwill among its customers, suppliers and dealers.
> It has been working on many complex
projects in several emotely located rural and tribal areas of
The company is the distributors for ‘Chaparral
Communication,
The company has received ISO 9001 Certification from KPMG.
THE COMPANY PROVIDING FOLLOWING FACILITIES :-
· Satellite Receiver Assembly and Test Facility
· Cable TV Head End Assembly and Test Facility
· Video-Audio Equipment Production and Test Facility
· Digital Video Compression Technology Lab
· CCTV Production and Test Facility
· Design, Development and Systems Engineering Department
· Mechanical Workshops for Dish Antenna Fabrication and Testing
· Painting, Printing, Plating and Powder Coating Facility
· Marketing and Commercial Department
· Administration and Management Department
· Excise and Accounts Departments, Conference and Technical Library
TURNKEY PROJECTS
The company undertakes turnkey projects in a number of key areas. These includes, distance learning technology and systems, total systems solution based on MPEG-2/DVB digital video compression technology in the areas of broadcasting, satcom, cable TV, Telecom, MMDS, Terrestrial Transmission Systems. Complex and large projects related to CCTV and security systems, satellite receiver terminals for DBS and DTH projects, cable TV networks for large and medium cities too are undertaken. Value added services over CATV networks, integration of satellite, CATV and terrestrial networks for digital broadcasting are other services by the company.
Some of the areas in which, the company has earned a name for lf are highlighted below:-
CATV headend and Satellite distribution Network company has
installed about 5000 CATV headends (Medium and Large) throughout
The company achieved further credit in CAT project by satisfactorily accomplishing supply, installation and characterization of BARCO make 60 channel super headend and Fiber Optic Network for Kolkata city which is operational since 3 years. The company has manufactured and installed more than 15000 dish antenna terminals for satellite distribution.
Large and Complex CCTV Projects SHAR Centre CCTV network was successfully installed by MCBS which comprised of explosion proof CCTV camera, controls, switching equipments and fiber optic links spread over a 35 sq.km. area for a rocket launch complex.
A major CCTV network for a Defence organization was accomplished, comprising was accomplished, comprising of CCTV system, fiber optic links, digital radio links, and satellite uplink MPEG-2/DVB equipments.
Subject employs around 140 persons in its’ set up comprising of 15 persons in office, 25 persons in factory and 100 persons in branch office.
Subject operates from caption owned office cum factory premises of area admeasuring 20,000 sq.mtrs.
Caption marketing and administrative office premises of area admeasuring approximate 1500 sq.fts. and 1000sq.fts. is also owned.
The company's fixed assets of important value include land, building (including a building under construction), plant and machinery, tools and dies, furniture, motor vehicles, computers, air conditioners, office equipment, etc.
MARKETING:
Subject is active in marketing and
distribution of products and services offered by various overseas principals in
the field of communication, broadcast and Information technology.
Within a short span, MCBS has succeeded in carving out a niche segment in these activities because of its reputation, technical understanding, dedicated team, vast infrastructure and its relation with suppliers and customers at all levels. It has marketing tie-ups with following companies:
SCIENTIFIC
CONTENT
DISTRIBUTION PRODUCTS AND SOLUTIONS
- Encoders,
MUX, Decoders, IRDs, Receivers, Interface Products, Control Systems, Power
Vu & Power key CA system
SYSTEM
SOLUTIONS FOR BROADBAND NETWORKS
- Analogue
Headends / Digital Headends
Network Management Systems - IP over CATV
Network solutions
- Broadband
Network Products and HFC Products and Solutions
- Power Vu and
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. 44.65 |
|
|
1 |
Rs. 71.91 |
|
Euro |
1 |
Rs. 63.28 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
48 |
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.