MIRA
INFORM REPORT
|
Report Date : |
03.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
ADCC INFOCAD PRIVATE LIMITED |
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Formerly Known
As : |
ADCC CAD TECHNOLOGY PRIVATE LIMITED |
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Registered
Office : |
10/5, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
05.05.1998 |
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Com. Reg. No.: |
11-114790 |
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Capital Investment
/ Paid-up Capital : |
Rs. 33.300
Millions |
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|
|
CIN No.: [Company Identification
No.] |
U72300MH1998PTC114790 |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing Software Development Services. |
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|
No. of Employees
: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (35) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 320000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. Latest
financials i.e. 2011-12 are missing from government department. From the
financials of 2011, it seems that the company has recorded huge external
borrowings. However, there appears a growth in the turnover and profitability
of the company. 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 for small 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.
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
CRISIL – NSIL Rated |
|
Rating Explanation |
SE 1B – Highest performance capability and
moderate financial strength. |
|
Date |
October 15, 2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DENIED BY
|
Name : |
Mr. Rahul |
|
Designation : |
General Manager |
|
Contact No.: |
91-9923755685 |
|
Date : |
01.12.2012 |
LOCATIONS
|
Registered/ Corporate Office : |
10/5, Information Technology Park, Nagpur - 440022, Maharashtra, India |
|
Tel. No.: |
91-712-2249033/ 9358/ 9930/ 1897/ 2528/ 9605 |
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Fax No.: |
91-712-2249605/ 2249358 |
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E-Mail : |
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Website : |
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Branches : |
Located at: Ř Mumbai Ř Pune Ř Hyderabad Ř Bhopal and
Raipur Ř Ahmedabad |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Sameer Dattatraya Meghe |
|
Designation : |
Managing director |
|
Address : |
135, Pandey
Layout, Khamla, Nagpur – 440015, Maharashtra, India |
|
Date of Birth/Age : |
12.02.1978 |
|
Date of Appointment : |
14.07.2009 |
|
DIN No.: |
00127536 |
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|
|
|
Name : |
Mr. Sagar Dattatraya Meghe |
|
Designation : |
Director |
|
Address : |
135, Pandey
Layout, Khamla, Nagpur – 440015, Maharashtra, India |
|
Date of Birth/Age : |
03.05.1970 |
|
Date of Appointment : |
14.07.2009 |
|
DIN No.: |
00127487 |
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|
|
|
Name : |
Mr. Amit Kedarnath Somani |
|
Designation : |
Director |
|
Address : |
“Krishna Kunj”,
86, Shastri Layout, Opposite Somalwar School, Khamla Nagpur – 440015,
Maharashtra, India |
|
Date of Birth/Age : |
17.09.1978 |
|
Date of Appointment : |
01.07.2006 |
|
DIN No.: |
00378635 |
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|
|
|
Name : |
Mrs. Devika Sagar Meghe |
|
Designation : |
Director |
|
Address : |
135, Pandey
Layout, Khamla, Nagpur – 440015, Maharashtra, India |
|
Date of Birth/Age : |
06.08.1972 |
|
Date of Appointment : |
01.04.2009 |
|
DIN No.: |
00850146 |
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|
|
|
Name : |
Mrs. Vrinda Sameer Meghe |
|
Designation : |
Director |
|
Address : |
135, Pandey
Layout, Khamla, Nagpur – 440015, Maharashtra, India |
|
Date of Birth/Age : |
03.05.1978 |
|
Date of Appointment : |
01.04.2009 |
|
DIN No.: |
00850126 |
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|
|
|
Name : |
Mr. Abhay Surendra Kimmatkar |
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Designation : |
Director |
|
Address : |
V-45, Narendra
Nagar Ring Road, Nagpur – 440015, Maharashtra, India |
|
Date of Birth/Age : |
06.10.1970 |
|
Date of Appointment : |
17.12.2007 |
|
DIN No.: |
01984134 |
KEY EXECUTIVES
|
Name : |
Mr. Rahul |
|
Designation : |
General Manager |
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|
|
|
Name : |
Mr. Nikhil Dakshindas |
|
Designation : |
Associates Vice President |
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|
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|
Name : |
Mr. Sushil Kawadkar |
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Designation : |
Practicing Company Secretary |
|
Address : |
63, Income Tax Colony, Pratap Nagar, Nagpur – 440022, Maharashtra,
India |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Gawande Dhananjay |
|
18000 |
|
Meghe Sameer |
|
70200 |
|
Meghe Sagar |
|
82795 |
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Meghe Mrs. Devika with Meghe Sagar |
|
75500 |
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Meghe Mrs. Vrinda with Meghe Sameer |
|
75500 |
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Meghe Sagar with Meghe Mrs. Devika |
|
10500 |
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Meghe Sameer with Meghe Mrs. Vrinda |
|
4500 |
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Meghe Dattatrayaji |
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3 |
|
Tribble Trading and Investment Private Limited, India |
|
250000 |
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SMG International Private Limited, India |
|
448000 |
|
Meghe Mrs. Vrinda |
|
10000 |
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Meghe Mrs. Devika |
|
10000 |
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Raghav Infradevelopers and Builders Private Limited, India |
|
1065000 |
|
SMG Hospitals Private Limited, India |
|
620000 |
|
AKS Infradevelopers Private Limited, India |
|
590000 |
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Chandak Geeta |
|
1 |
|
Santani Ramesh |
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1 |
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Total |
|
3330000 |
AS ON 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
89.00 |
|
Directors
or relatives of directors |
|
11.00 |
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Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Software Development Services. |
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Products : |
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GENERAL INFORMATION
|
Customers : |
Ř CMPDI Ř ADLABS Ř CMI FPE Ř SCCL Ř Indian Bureau of
Mines Ř MSEB Ř MP Irrigation Ř NTPC Ř MCGM Ř Vishakhapatnam
Port Trust Ř Simplex
Engineering Ř MIDC Ř MMRDA Ř Infotech
Enterprises Ř Excellize
Software Ř Crompton Greaves Ř Avineon Ř Quantum Technologies |
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No. of Employees : |
Information declined by management |
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Bankers : |
Ř Punjab National
Bank, Khamla Branch, Nagpur – 440015, Maharashtra, India Ř Abhyudaya Co-operative
Bank Limited, Administrative Office, K.K. Tower, Abhyudaya Bank Lane, G.D.
Ambekar Marg, Parel Village, Mumbai – 400012, Maharashtra, India Ř Small Industries
Development Bank of India, SIDBI Tower, 15 Ashok Marg, Lucknow – 226001,
Uttar Pradesh, India Ř Canara Bank Ř ICICI Bank
Limited Ř Oriental Bank of
Commerce |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
B. J. Bajaj and Company Chartered Accountants |
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Address : |
14A, Shree Krishna Residency, Dahake Layout, Khare Town,
Dharampeth, Nagpur - 440010, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ADSPB8377N |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,330,000 |
Equity Shares |
Rs.10/- each |
Rs. 33.300
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
33.300 |
33.300 |
33.300 |
|
|
2] Share Application Money |
8.000 |
4.450 |
4.450 |
|
|
3] Reserves & Surplus |
39.854 |
17.604 |
13.865 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
81.154 |
55.354 |
51.615 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
105.833 |
75.709 |
60.487 |
|
|
2] Unsecured Loans |
0.987 |
6.553 |
28.965 |
|
|
TOTAL BORROWING |
106.820 |
82.262 |
89.452 |
|
|
DEFERRED TAX LIABILITIES |
17.981 |
5.728 |
4.948 |
|
|
|
|
|
|
|
|
TOTAL |
205.955 |
143.344 |
146.015 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
137.969 |
47.945 |
48.583 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.500 |
0.000 |
0.500 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
11.490
|
7.454 |
7.124 |
|
|
Sundry Debtors |
104.362
|
110.697 |
81.491 |
|
|
Cash & Bank Balances |
1.080
|
3.991 |
1.790 |
|
|
Deposit |
8.214
|
8.131 |
9.064 |
|
|
Loans & Advances |
47.075
|
26.430 |
31.579 |
|
Total
Current Assets |
172.221
|
156.703 |
131.048 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
63.316
|
38.360 |
17.569 |
|
|
Other Current Liabilities |
19.993
|
12.005 |
8.084 |
|
|
Provisions |
21.426
|
10.939 |
8.470 |
|
Total
Current Liabilities |
104.735
|
61.304 |
34.123 |
|
|
Net Current Assets |
67.486
|
95.399 |
96.925 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.007 |
|
|
|
|
|
|
|
|
TOTAL |
205.955 |
143.344 |
146.015 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
337.449 |
211.776 |
223.032 |
|
|
|
Other Income |
1.727 |
1.960 |
3.532 |
|
|
|
Closing Stock and WIP |
4.036 |
0.330 |
(8.567) |
|
|
|
TOTAL |
343.212 |
214.066 |
217.997 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
302.748 |
203.164 |
209.988 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
40.464 |
10.902 |
8.009 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
13.377 |
3.280 |
2.501 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
27.087 |
7.622 |
5.508 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
8.366 |
4.628 |
2.042 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend including Dividend Tax |
4.837 |
3.883 |
2.922 |
|
|
BALANCE CARRIED
TO THE B/S |
30.616 |
8.367 |
4.628 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.599 |
24.039 |
15.967 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.13 |
2.29 |
1.65 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
7.89 |
3.56 |
2.53 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
11.99 |
5.15 |
3.59 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.04 |
5.33 |
4.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.50 |
0.20 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.61 |
2.59 |
2.39 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.64 |
2.56 |
3.84 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
(Rs. In Millions) |
||
|
Sundry Creditors – for Goods and Expenses |
63.316 |
38.360 |
17.569 |
|
|
|
|
|
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if
applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
OPERATION:
In this connection
the Directors are point out that the sales and services for the year were
higher than the previous year. The domestic sales were Rs. 336.850 Millions and
Export sales of Rs. 0.599 Millions during the year under report as against Rs.
187.737 Millions and Rs. 24.039 Millions from previous year. The operations for
the year resulted in net profit of Rs. 40.464 Millions as against net profit of
Rs. 10.902 Millions in the previous year. Though the Company has earned an
operating profit of Rs. 55.087 Millions in the current year and Rs. 24.734
Millions from previous year. The directors are very optimistic about enhancing
the sales as well as profits in the coming year.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U72300MH1998PTC114790 |
|
Name of the
company |
ADCC INFOCAD
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
10/5, Information Technology Park, Nagpur - 440022, Maharashtra, India Email: infocad_ngp@sancharnet.in
|
|
This form is for |
Modification of
charge |
|
Charge identification
number of the modified |
10335421 |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
Abhyudaya Co-operative Bank Limited, Administrative Office, K.K.
Tower, Abhyudaya Bank Lane, G.D. Ambekar Marg, Parel Village, Mumbai –
400012, Maharashtra, India Email: loans@abhyudayabank.net
|
|
Nature of
description of the instrument creating or modifying the charge |
Deed of Further
Charge (First Extension) of Mortgage |
|
Date of instrument
Creating the charge |
21.09.2012 |
|
Amount secured by
the charge |
Rs. 326.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As may be
decided, from time to time, by the Bank. Margin As may be
decided, from time to time, by the Bank. Extent and Operation of the charge To secure the due
repayment of the following credit facilities aggregating of Rs.326.000
Millions, together with interest, costs, charges, expenses and other monies
payable etc. thereon, granted by the Bank to the Company. 1) Term Loan I of
Rs.48.000 Millions (Existing) 2) Term Loan II
of Rs.8.000 Millions (Existing) 3) Cash Credit
Limit of Rs.150.000 Millions (enhanced from Rs.100.000 Millions) 4) Bank Guarantee
of Rs.120.000 Millions (enhanced from Rs.20.000 Millions) |
|
Short particulars
of the property charged |
Plot #.10/5,
adm.867 sq. mtrs. in I.T. Park, Vill-Parsodi, Dist-Nagpur, with structures, building/s
constructed together with furniture, fixtures, fittings, machineries,
equipments, etc. Land bearing Gut
No.257 (Old Gut#1187), adm.2.85 HR, Vil-Murbad, Tal:Patan, Dist-Satara, with
structures/blds thereon with
furniture, fixtures, fittings, machineries, equipments, etc. |
|
Particulars of
the present modification |
By this
modification, the immoveable property/(ies) so mortgaged shall now hold good
also to secure additional Credit facilities of Rs.150.000 Millions granted to
the Company. Hence, the aggregate credit facilities, secured by charge, have
been enhanced from Rs.176.000 Millions to Rs.326.000 Millions. (i.e. TL I of
Rs.48.000 Millions, TL II of Rs.8.000 Millions, C/C limit of Rs.150.000
Millions & BG of Rs.120.000 Millions) Therefore, the overall charge now
stands at Rs.326.000 Millions. |
FIXED ASSETS:
Ř
Building
Ř
Furniture and Fixture
Ř
Plant and Machinery
Ř
Computer System
Ř
Office Equipment
Ř
Electrical Installation
Ř
Leasehold Land
Ř
Vehicle
Ř
Generator
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 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. 54.53 |
|
|
1 |
Rs. 87.48 |
|
Euro |
1 |
Rs. 70.89 |
INFORMATION DETAILS
|
Information Gathered
by : |
PJA |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
|
35 |
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.