1. Summary Information
|
|
|
Country |
|
|
Company Name |
SCORE INFORMATION TECHNOLOGIES LIMITED |
Principal Name 1 |
Mr. Ajit Kumar Jain |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Suvendu Kumar Chatterjee |
|
|
|
Registration # |
21-031765 |
|
Street Address |
15, |
||
|
Established Date |
21.11.1978 |
SIC Code |
-- |
|
Telephone# |
91-33-24790995 |
Business Style 1 |
Service Provider |
|
Fax # |
91-33-22177596 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
-- |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 10,458,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate – 55.68%, Other top fifty shareholders - 44.32% |
Banking |
Canara Bank |
|
Public Limited Corp. |
No |
Business Period |
34 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiaries |
|
A.K.K. Vanijya Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
178,365,000 |
Current Liabilities |
72,819,000 |
|
Inventories |
27,892,000 |
Long-term Liabilities |
99,000 |
|
Fixed Assets |
42,894,000 |
Other Liabilities |
12,388,000 |
|
Deferred Assets |
0 |
Total Liabilities |
85,306,000 |
|
Invest& other Assets |
17,069,000 |
Retained Earnings |
170,456,000 |
|
|
|
Net Worth |
180,914,000 |
|
Total Assets |
266,220,000 |
Total Liab. & Equity |
266,220,000 |
|
Total Assets (Previous Year) |
363,387,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
677,217,000 |
Net Profit |
3,396,000 |
|
Sales(Previous yr) |
647,717,000 |
Net Profit(Prev.yr) |
4,245,000 |
|
Report Date : |
13.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
SCORE INFORMATION TECHNOLOGIES LIMITED |
|
|
|
|
Registered
Office : |
15, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
21.11.1978 |
|
|
|
|
Com. Reg. No.: |
21-031765 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 10.458 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L51909WB1978PLC031765 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALS14394C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCR2037C |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
The Company operates in the information and technology sector. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 720000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
15, |
|
Tel. No.: |
91-33-24790995 |
|
Fax No.: |
91-33-22177596 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Ajit Kumar Jain |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
20.07.1962 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
28.12.2002 |
|
DIN No.: |
00526787 |
|
|
|
|
Name : |
Mr. Suvendu Kumar Chatterjee |
|
Designation : |
Director |
|
Address : |
3, |
|
Date of Birth/Age : |
22.01.1955 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
29.11.2004 |
|
DIN No.: |
00518597 |
|
|
|
|
Name : |
Mr. Pravin Kumar Jain |
|
Designation : |
Director |
|
Address : |
4B, Little |
|
Date of Birth/Age : |
14.04.1956 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
20.02.2002 |
|
DIN No.: |
00556351 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Ambika Jute Mills Limited, |
|
44850 |
|
Ambika Capital Markets Limited |
|
142050 |
|
|
|
2450 |
|
Kankharia Kumar Awanti |
|
323833 |
|
Kankharia Kumar Abhishek |
|
9033 |
|
Kankharia Kumar Ashish |
|
7050 |
|
A.K.K.. Merchantiles Private Limited |
|
268041 |
|
Goldview Financial Services |
|
14566 |
|
Ballyfabs International Limited |
|
1600 |
|
Sweeta Kankharia |
|
8900 |
|
Wellworth Vinimay Private Limited |
|
2350 |
|
Westlake Vyapaar Private Limited |
|
1500 |
|
Kankharia Kumar Yogesh |
|
3885 |
|
Saroj Poddar |
|
400 |
AS ON 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
55.68 |
|
Other
top fifty shareholders |
|
44.32 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company operates in the information and technology sector. |
|
|
|
|
Products : |
Computer Peripherals and Other It Product |
GENERAL INFORMATION
|
Customers : |
v
J&K Bank v
Haldia Petrochemicals Limited v
Alstom v
Bharat Electronics v
Sail v
Berger Paints v
Bhel v
Birla Tyres v
BSNL v
City and Guilds v
Ballyfabs v
Exide Industries Limited v
Honda v
HP v
IDBI v
Indian oil |
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
Canara Bank, Prime Corporate Branch, Bells House 21 Camac Street,
Ground Floor, Kolkata – 700001, West Bengal, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R. Kothari and Company Chartered Accountants |
|
Address : |
16A, Shakespeare Sarani, Kolkata - 700 071, West |
|
Income-tax
PAN of auditor or auditor's firm : |
AAFFR7366B |
|
|
|
|
Subsidiaries : |
A.K.K. Vanijya Private Limited CIN No.:
U51109WB2008PTC127837 |
|
|
|
|
Associates/
Joint Ventures: |
Bally Jute Company Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1450000 |
Equity Shares |
Rs. 10/- each |
Rs. 14.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1045833 |
Equity Shares |
Rs. 10/- each |
Rs. 10.458
Millions |
|
|
|
|
|
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 |
10.458 |
10.458 |
10.458 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
170.456 |
167.060 |
55.967 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
180.914 |
177.518 |
66.425 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.099 |
15.157 |
12.293 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
108.228 |
|
|
TOTAL BORROWING |
0.099 |
15.157 |
120.521 |
|
|
DEFERRED TAX LIABILITIES |
7.790 |
9.120 |
8.902 |
|
|
|
|
|
|
|
|
TOTAL |
188.803 |
201.795 |
195.848 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
42.894 |
51.105 |
66.035 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
16.889 |
114.151 |
1.821 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
27.892
|
51.727 |
45.744 |
|
|
Sundry Debtors |
126.990
|
79.792 |
58.647 |
|
|
Cash & Bank Balances |
16.025
|
9.984 |
13.047 |
|
|
Other Current Assets |
8.964
|
4.375 |
0.000 |
|
|
Loans & Advances |
26.386
|
52.253 |
31.210 |
|
Total
Current Assets |
206.257
|
198.131 |
148.648 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
14.066
|
34.467 |
13.847 |
|
|
Other Current Liabilities |
58.753
|
120.180 |
1.545 |
|
|
Provisions |
4.598
|
6.945 |
5.264 |
|
Total
Current Liabilities |
77.417
|
161.592 |
20.656 |
|
|
Net Current Assets |
128.840
|
36.539 |
127.992 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.180 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
188.803 |
201.795 |
195.848 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
677.217 |
647.717 |
307.330 |
|
|
|
Other Income |
0.004 |
1.851 |
0.625 |
|
|
|
TOTAL |
677.221 |
649.568 |
307.955 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption material changes inventories |
593.523 |
556.180 |
0.000 |
|
|
|
Manufacturing services costs |
0.035 |
0.033 |
218.180 |
|
|
|
Employee related expenses |
35.763 |
37.693 |
40.479 |
|
|
|
Administrative selling other expenses |
26.368 |
27.527 |
27.258 |
|
|
|
TOTAL |
655.689 |
621.433 |
285.917 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
21.532 |
28.135 |
22.038 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST
FINANCIAL EXPENSES |
3.743 |
8.271 |
7.702 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
17.789 |
19.864 |
14.336 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
12.694 |
13.720 |
13.930 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
5.095 |
6.144 |
0.406 |
|
|
|
|
|
|
|
|
|
Less |
PRIOR PERIOD
ITEMS BEFORE TAX |
0.048 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.651 |
1.899 |
(0.974) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
3.396 |
4.245 |
1.380 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
35.868 |
31.623 |
30.243 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
39.264 |
35.868 |
31.623 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.35 |
4.06 |
1.32 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.50
|
0.65 |
0.45 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.75
|
0.95 |
0.13 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.04
|
2.47 |
0.19 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03
|
0.03 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.43
|
1.00 |
2.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.66
|
1.23 |
7.20 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1. Year of Establishment |
Yes |
|
2. Locality of the firm |
Yes |
|
3. Constitution 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 |
No |
|
10. Designation of contact person |
No |
|
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 |
No |
|
18. Major customers |
Yes |
|
19. Payments terms |
No |
|
20. Export / Import details |
No |
|
21. Market information |
-- |
|
22. Litigations that the firm / promoter involved |
-- |
|
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 |
Yes |
|
30. Major Shareholders, if available |
Yes |
Note: The Registered Address of the company has been
shifted from Kankharia Mansion 2 Camac Street, Kolkata – 700016, West Bengal,
India to the present w.e.f. 20.08.2010
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
L51909WB1978PLC031765 |
|
Name of the
company |
SCORE INFORMATION
TECHNOLOGIES LIMITED |
|
Address of the
registered office or of the principal place of business in |
15, |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10040668 |
|
Type of charge |
Immovable property Book Debts Movable Property |
|
Particular of
charge holder |
Canara Bank,
Prime Corporate Branch, Bells House 21 Camac Street, Ground Floor, Kolkata –
700001, West Bengal, India Email ID: pradeepkumardas@canarabank.com
|
|
Nature of description
of the instrument creating or modifying the charge |
a) Common
Hypothecation Agreement b) Agreement for
Opening Inland Irrevocable Letters of Credit (NF-447) c) Counter
Indemnity (NF-446) d) Letter of
Renewal (NF-493) e) Acknowledgement
of Debt (NF-760) f) Canara Bank sanction memo dated 22.03.2012 g) Board
Resolution dated 02.04.2012 |
|
Date of
instrument Creating the charge |
25.04.2012 |
|
Amount secured by
the charge |
Rs. 120.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest For
OCC/ODBD-Rs.20.000 Millions - Base rate plus 3.00% (floating) per annum presently 13.75% per annum at
monthly rests. Processing charges Terms of Repayment Repayable on
Demand Margin For OCC/ODBD-
Stock-25% and Book Debts-30% For BG/ILC/FLC: 10% Extent and Operation of the charge Exclusive First
charge in favour of Canara Bank,Prime Corporate Branch by Hypothecation of
all the present and future book debts as Prime security and Hypothecation of
All the Plant and machinery and other fixed Assets of the Borrower as
Collateral Security towards Overall credit limits granted by the Bank for
Rs.120.000 Millions [comprising of OCC/ODBD-Rs.20.000 Millions, BG-Rs.100.000
Millions (with sub-limit for ILC/FLC(DA)-Rs.50.000 Millions)] Others As per Original
charge dated 12.01.2007 and subsequent modifications thereto and as stated in
above agreements and Sanction memo dated 22.03.2012. |
|
Short particulars
of the property charged |
1. PRIME
SECURITY: Exclsuive Charge
by Hypothecation of All the present and future Stocks and Book debts of the
Borrower for OCC/ODBD limit of Rs.20.000 Millions and Hypothecation by way of
first charge all the goods
and commodities purchased/to be purchased and located at the Borrower's
premises at Kankaria Mansion, 2 Camac Street, Kolkata-700016 or wherever else
the same may be and all the present and future 2. Book debts of
the Borrower under BG/ILC/FLC limits of Rs.100.000 Millions and COLLATERAL SECURITY: Exclusive charge
by Hypothecation of all the Plant & Machinery and other Fixed assets of
the Borrower located at the Borrower's premises at Kankaria Mansion, 2 Camac
Street, Kolkata-700016 or
wherever else the same may be (W.D.V.Rs.42.800 Millions ABS 31.03.2011) for overall limit of
Rs.120.000 Millions 3. OTHERS: (a)
Personal Guarantee of Mr.Awanti Kumar Kankaria (b) Corporate
Guarantee of M/s Bally Jute Limited and (c) Corporate Guarantee of M/s A K K
Vanijya Private Limited |
|
Date of latest
modification prior to the present modification |
28.05.2011 |
|
Particulars of
the present modification |
By this
modification the OCC/ODBD limit has been enhanced from Rs.10.000 Millions to
Rs.20.000 Millions. In view of the said modification the Overall charge/limit
against Prime and Collateral securities stands enhanced/revised to Rs.120.000
Millions (comprising of OCC/ODBD-Rs.20.000 Millions and Bank
Guarantee-Rs.100.000 Millions (with sub-limit for ILC/FLC-Rs.50.000 Millions)
All other terms and conditions(save as modified now) remain unchanged. |
NATURE OF OPERATION
The Company operates in the information and technology sector. It is involved in software development and maintenance, system integration RFID Solution, smart card application solutions and data processing and management. It caters to the requirements of various Government and corporate in areas of Transport, Healthcare, Identity, Loyalty, Access Control, E-Governance, Banking etc. on BOOT basis or otherwise.
CONTINGENT LIABILITIES
Contingent liability in respect of bank Guarantees not
provided for amounting to Rs. 20.933 Millions (P.Y. 13.132 Millions).
AS PER WEBSITE DETAILS:
PROFILE:
Subject is promoted by the INR 7.5 Billion, 18000 employees strong Kankaria Group. Subject was founded with the philosophy to address niche needs of the market for Identifying, Authenticating and Securing critical business information. Subject team has the aptitude to understand the customer requirements and engineer a solution that is technically stable and scalable, while doing so Subject gives utmost importance to the economies of scale for quicker Return on Investment.
The teams at Subject are given continuous enhancement programs on industry domain knowledge, impact of emerging technologies, challenges of converging technologies, market dynamics, etc. so that the teams are prepared to design, develop, enhance, customize, implement, support and maintain various facets of Information Technology based projects.
Subject employs over 300 system professionals with an objective to formulate the complete solution in-house to avoid any third party dependencies. The extensive capabilities let their customers focus on their core business without taking the pains of steep learning curves associated with technology development and deployment.
Subject follows process oriented approach along with strict quality management systems at the work place and is ISO 9001:2000 certified.
Subject is certified and complies to the regulatory requirements of SCOSTA as laid down by National Informatics Centre, Government of India. The Smart Card OS is engineered for compliance to ISO 7816 standards.
Apart from numerous success stories, we are proud to have
designed, developed and delivered the first SCOSTA based National Level Smart
Card project for the Ministry Of Defense, Government of India, in service of
the Indian Army, Navy and Air force which caters to more than 2.5 million beneficiaries
spread over 230 locations. Subject
is also associated with
Subject manages over 600 customer location for technical and maintenance support through countrywide presence to meet the most stringent service level agreements.
CAREER
They recognize human resource as the backbone of our success and has consciously focus on increasing the value-add per employee. They give utmost importance to attract the best talent into the company, improve the skill set of these professionals, and help them achieve their assignments, and finally retain their biggest asset — their people
If you have an
appetite for Innovation, they have an exciting career for you.
Life @ Score
v
Open and
warm environment.
v
Concern
for the individual.
v
New
Technology based challenges.
v
Culture
of rewarding demonstrated performance.
v
Constant
learning and personal enrichment.
v
High
sense of responsibility and project ownership
v
Employee
training and skills enhancement.
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. 55.24 |
|
|
1 |
Rs. 85.93 |
|
Euro |
1 |
Rs. 69.82 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.