MIRA
INFORM REPORT
|
Report Date : |
18.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
TECHNICHE CONSULTING SERVICES |
|
|
|
|
Registered
Office : |
73, Site No.8, Old No.8/41, Sahid Nagar, Kolkata – 700078, West Bengal
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
23.07.2003 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.19.782 Millions |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADFT3776D |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Trader and Service Provider of IT Enable Services and Security
Solutions. |
|
|
|
|
No. of Employees
: |
38 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established partnership concern having satisfactory track.
Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitments. The concern 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
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 PARTED BY
|
Name : |
Mr. Probal |
|
Designation : |
Senior Manager |
|
Contact No.: |
91-9831888147 |
|
Date : |
13.12.2012 |
LOCATIONS
|
Registered/ Head Office : |
73, Site No.8, Old No.8/41, Sahid Nagar, Kolkata – 700078, West
Bengal, India |
|
Tel. No.: |
91-33-24055827/ 65502915 |
|
Mobile No.: |
91-9831888147 (Mr. Probal) 91-9831022125 (Mr. Dev Ranjan Amiya Banerjee) 91-9831022129 (Mr. Satish H. Choudhary) 91-9831323883 (Mrs. Chirttarupa Dev Banerjee) 91-9831323882 (Mrs. Neelam Satish Choudhary) |
|
Fax No.: |
91-33-24055833 |
|
E-Mail : |
|
|
Location : |
Owned |
PARTNERS
|
Name : |
Mr. Dev Ranjan Amiya Banerjee |
|
Designation : |
Partner |
|
Address : |
1050/2, Survey Part – Calcutta Greens Phase – II, HIG, A1 Flat 2/13,
Chhayanot Co-operative Society, Kolkata – 700075, West Bengal, India |
|
Date of Birth/Age : |
14.04.1969 |
|
Qualification : |
BE (Electronics and Communication) |
|
Profile: |
Education : BE (
Electronics and Communication ) 1990 Joined MRO-TEK -
A Communication Company based out of Bangalore and worked as a Sales and
Support Engineer for 3 years. Worked as freelancer for Implementation of 2GHZ Digital Microwave Radio
rollout for BSNL (West Bengal Circle) on behalf of TCIL. Co-Founded
Leading Edge Technology and Consultants Private Limited in 1994 Worked towards
establishing Edge as the premier System Integrator Organization in Eastern India
and continued in Leading Edge till 2003. Co-Founded
Techniche Consulting Services in 2003. Working towards establishing Techniche
as a National Integrator. Techniche is a consulting and implementation firm
with major business focus in Network, Access Control, Radio Link, Network
Management System, Data Centre integration etc. Also Working as
a Technical Consultant to APWjresident Systems Limited - A Manufacturing
Company involved in the business of Data Centre and Wide Area Network
Management Products. |
|
|
|
|
Name : |
Mr. Satish H. Choudhary |
|
Designation : |
Partner |
|
Address : |
“Nature’s Nest”, Flat 4-B, 140, Price Gulam Hussain Shah Road, Kolkata
– 700032, West Bengal, India |
|
Date of Birth/Age : |
19.09.1965 |
|
Qualification : |
BE (Electronics and Communication) |
|
Profile : |
Joined Multitech
- A Communication Company based out of USA and worked as a Sales and Support
Engineer for 3 years. Started Spotlight Computers as distributor - Nomus Comm
(Baroda) a Communication Organisation and successfully continued promoting
and selling Nomus Comm products for many years. Co-Founded
Leading Edge Technology and Consultants Private Limited in 1994 Worked towards
establishing Edge as the premier System Integrator Organisation in Eastern
India and continued in Leading Edge till 2003. Co-Founded
Techniche Consulting Services in 2003,
Working towards establishing Techniche as a National Integrator.
Techniche is a consulting and implementation firm with major business Focus
in Network, Access Control, Radio Link, Network Management System, Data
Centre integration. Satish is a
guest lecturer in Bengal Engineering College for the last 6 - 7 years. Satish is well
known in the IT fraternity across India and is a speaker at various forum's
on IT Networking. |
|
|
|
|
Name : |
Mrs. Neelam Satish Choudhary |
|
Designation : |
Partner |
|
Address : |
“Nature’s Nest”, Flat 4-B, 140, Price Gulam Hussain Shah Road, Kolkata
– 700032, West Bengal, India |
|
Date of Birth/Age : |
31.08.1968 |
|
Qualification : |
BA and B-Ed, Working as Teacher in Calcutta International School. |
|
|
|
|
Name : |
Mrs. Chirttarupa Dev Banerjee |
|
Designation : |
Partner |
|
Address : |
1050/2, Survey Part – Calcutta Greens Phase – II, HIG, A1 Flat 2/13, Chhayanot
Co-operative Society, Kolkata – 700075, West Bengal, India |
|
Date of Birth/Age : |
11.05.1971 |
|
Qualification : |
MA English. Working s a Teacher at Heritage School, Kolkata |
KEY EXECUTIVES
|
Name : |
Mr. Probal |
|
Designation : |
Senior Manager |
BUSINESS DETAILS
|
Line of Business : |
Trader and Service Provider of IT Enable Services and Security
Solutions. |
|
|
|
|
Exports : |
|
|
Products : |
IT Enable Services |
|
Countries : |
·
· Bhutan |
|
|
|
|
Imports : |
|
|
Products : |
Computer Peripherals |
|
Countries : |
·
·
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
· Redington India Limited |
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Customers : |
End Users · ITC Limited · Ambuja Housing and Urban infrastructure Company Limited · Ambuja Realty Development Limited · Ambuja Realty Development Limited-A/c Raipur · Apeejay Business Centre · Apeejay Oxford Bookstores Private Limited · Apeejay Surrendra Corporate Service Limited · Avani Projects and infrastructure Limited · Bengal Ambuja Housing Development Limited · Bharti Airtel Limited - KOL · Bharti AXA Life Insurance Company Limited · BOC lndia Limited · Daiwik Hotels Private Limited · DPSC Limited · Family Credit lndia Limited · Fortune Select Loudon · Grameenphone - Bangladesh · Heritage Institute of Technology · Hewlett Packard lndia Sales Private Limited · ICRA Online Limited · Indian Oil Corporation Limited · Indian Oil Corporation Limited- A/c Paradip · ITC Hotel The Sonar, Kolkata · ITC Limited · ITC Limited - Agri Business Division-I Limited · Jalan intercontinental Hotels Private Limited · McNally Bharat Engineering Company Limited · National Institute of Technology, Durgapur · Neccon Power and Infra Limited · Neotia Healthcare Initiative Limited · Paharpur Cooling Towers Limited · Reliance Communications Limited · Royal Calcutta Golf Club · Rupa and Company Limited · The Heritage School · The Wesman Engineering Company Private Limited · Tractors lndia Limited · Tractors lndia Private Limited · Variable Energy Cyclotron Centre ·
Vikram Solar Private Limited ·
Vodafone Essar South Limited ·
Vodafone Essar Spacetel Limited (Orissa) · Wesman Thermal Engineering Processes Private Limited |
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No. of Employees : |
38 (Approximately) |
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Bankers : |
· ICICI Bank Gariahat Branch, 2/3, Hindustan Road, Gariahat, Kolkata – 700029, West
Bengal, India · Bank of India · State Bank of India · HDFC Bank |
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Facilities : |
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|
|
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Banking
Relations : |
-- |
|
|
|
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Auditors : |
|
|
Name : |
K. K. Chanani and Associates Chartered Accountant |
|
Address : |
5/1, Clive Row, 3rd Floor, Room No.78, Kolkata – 700001, West
Bengal, India |
|
Tel. No.: |
91-33-22302096/ 22309315 |
|
Fax No.: |
91-33-22130296 |
|
Email: |
CAPITAL STRUCTURE
PARTNER’S CAPITAL ACCOUNT
(RS.
IN MILLIONS)
|
Particulars |
31.03.2012 |
|
|
Mr. Satish H. Choudhary |
|
|
|
As per Last Year
|
1.130 |
|
|
Add: Capital
Introduction |
8.695 |
|
|
Share of Profit/
(Loss) |
0.624 |
|
|
Salary and
Remuneration |
0.360 |
|
|
|
10.809 |
|
|
Less: Drawings |
2.549 |
8.260 |
|
|
|
|
|
Mr. Dev Ranjan Amiya Banerjee |
|
|
|
As per Last Year
|
1.757 |
|
|
Add: Capital
Introduction |
5.100 |
|
|
Share of Profit/
(Loss) |
0.624 |
|
|
Salary and
Remuneration |
0.360 |
|
|
|
7.841 |
|
|
Less: Drawings |
2.677 |
5.164 |
|
|
|
|
|
Mrs. Neelam Satish Choudhary |
|
|
|
As per Last Year
|
1.220 |
|
|
Add: Share of
Profit/ (Loss) |
0.624 |
|
|
|
1.844 |
|
|
Less: Drawings |
0.023 |
1.821 |
|
|
|
|
|
Mrs. Chirttarupa Dev Banerjee |
|
|
|
As per Last Year
|
1.236 |
|
|
Add: Capital
Introduction |
2.800 |
|
|
Share of Profit/
(Loss) |
0.624 |
|
|
|
4.660 |
|
|
Less: Drawings |
0.123 |
4.537 |
|
|
|
|
|
Total |
|
19.782 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
Note: Sole Proprietory and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
19.782 |
5.343 |
3.464 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
19.782 |
5.343 |
3.464 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1.053 |
0.543 |
2.178 |
|
|
2] Unsecured Loans |
22.512 |
20.691 |
21.291 |
|
|
TOTAL BORROWING |
23.565 |
21.234 |
23.469 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
43.347 |
26.577 |
26.933 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
7.839 |
4.842 |
3.414 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
15.338
|
11.592 |
13.028 |
|
|
Sundry Debtors |
32.339
|
21.441 |
23.091 |
|
|
Cash & Bank Balances |
12.924
|
8.595 |
8.436 |
|
|
Other Current Assets |
1.552
|
0.000 |
0.000 |
|
|
Loans & Advances |
8.510
|
9.121 |
7.037 |
|
Total
Current Assets |
70.663
|
50.749 |
51.592 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
25.232
|
23.957 |
22.248 |
|
|
Other Current Liabilities |
7.390
|
2.526 |
3.952 |
|
|
Provisions |
2.533
|
2.531 |
1.873 |
|
Total
Current Liabilities |
35.155
|
29.014 |
28.073 |
|
|
Net Current Assets |
35.508
|
21.735 |
23.519 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
43.347 |
26.577 |
26.933 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
111.735 |
89.442 |
90.246 |
|
|
|
Other Income |
1.299 |
0.658 |
1.337 |
|
|
|
TOTAL (A) |
113.034 |
90.100 |
91.583 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
16.203 |
67.423 |
75.143 |
|
|
|
Purchases of Stick in Trade |
74.028 |
0.000 |
0.000 |
|
|
|
Changes in Investment of finished Goods |
(3.747) |
0.000 |
0.000 |
|
|
|
Employee benefits expenses |
7.099 |
0.000 |
0.000 |
|
|
|
Operating and Administrative Expenses |
7.075 |
5.514 |
3.965 |
|
|
|
Sales and Marketing Expenses |
0.367 |
1.454 |
1.486 |
|
|
|
Personal Expenses |
0.000 |
4.932 |
3.664 |
|
|
|
Other Expenses |
1.868 |
1.790 |
0.753 |
|
|
|
TOTAL (B) |
102.893 |
81.113 |
85.011 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
10.141 |
8.987 |
6.572 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.056 |
2.251 |
1.479 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
8.085 |
6.736 |
5.093 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.753 |
3.886 |
2.058 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
4.332 |
2.850 |
3.035 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.836 |
1.378 |
1.352 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
2.496 |
1.472 |
1.683 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.21
|
1.63 |
1.84 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.88
|
3.19 |
3.36 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.52
|
5.13 |
5.52 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22
|
0.53 |
0.88 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.97
|
9.40 |
14.88 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.01
|
1.75 |
1.84 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
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 |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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 |
No |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
No |
|
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 |
No |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF INCOME FOR THE AY 2012-2013
(RS. IN MILLIONS)
|
Particulars |
2012-2013 |
|
|
INCOME UNDER HEAD BUSINESS/ PROFESSION |
|
|
|
Profit as per profit and loss A/c |
|
4.332 |
|
Add: Depreciation as per Books |
|
3.753 |
|
|
|
8.085 |
|
Less: Depreciation As per IT Act 1961 |
|
3.753 |
|
|
|
|
|
Profit before remuneration to partners |
|
4.332 |
|
|
|
|
|
Actual remuneration to partners |
0.720 |
|
|
|
|
|
|
Maximum Remuneration as per Sec 40(b)(V) |
|
|
|
On First - 0.300 |
0.270 |
|
|
On Balance - 4.032 |
2.419 |
|
|
|
2.689 |
|
|
|
|
|
|
Restricted to actual remuneration paid |
|
0.720 |
|
Income chargeable under head Business/
Profession |
|
3.612 |
|
|
|
|
|
Gross Total Income |
|
3.612 |
|
|
|
|
|
Total Taxable Income |
|
3.612 |
|
|
|
|
|
Rounded off |
|
3.612 |
|
|
|
|
|
Tax on above |
|
1.084 |
|
Add: Education Cess @ 2% |
|
0.021 |
|
|
|
1.105 |
|
Add: She Cess @ 1% |
|
0.011 |
|
|
|
1.116 |
|
Total Tax Liability |
|
|
|
Less: Advance Tax |
0.100 |
|
|
TDS |
1.303 |
1.403 |
|
|
|
|
|
Payable / Refundable |
|
0.287 |
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE:
·
Redington India Limited
·
ITC Limited
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS
· Computers
· Electrical Equipments
· Furniture and Fixture
· Plant and Machinery
· Motor Car
------------------------------------------------------------------------------------------------------------------------------
PROFILE:
With more than 17
years of experience, Techniche is one of India's IT infrastructure consultants.
The strength is in their capability providing end-to-end infrastructure
solutions in the IT space to their clients. The clients benefit because they
have established strong partnerships with almost all premier equipment suppliers
in India. With multiple choices, they are able to recommend the most optimal
solution to their clients ensuring that their ROI is amongst the best in India.
The areas of
expertise cover data communication, networking products and solutions, voice
and non-voice services, security systems and processes and a huge range of
applications and systems
The methodology is
simple. They begin by working with their clients to develop a deep
understanding of their immediate and long term goals. They then translate this
into an IT infrastructure plan that caters to immediate requirements and is
scalable to meet future needs. The clients build IT infrastructure that is
reliable and secure With 70 + employees spread across India and SAARC, they
have been able to support their clients quickly and efficiently.
They believe, are
the reasons they have such a large client base and have been given the
privilege to execute some really large projects across India.
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.54.63 |
|
|
1 |
Rs.88.40 |
|
Euro |
1 |
Rs.71.86 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
NIT |
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 |
6 |
|
--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 |
|
49 |
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.