|
Report Date : |
03.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
MATRIX COMSEC PRIVATE LIMITED (w.e.f. 09.03.2010) |
|
|
|
|
Formerly Known
As : |
MATRIX TELECOM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
394, GIDC, Makarpura, Vadodara – 390 010, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
01.05.1998 |
|
|
|
|
Com. Reg. No.: |
04-034047 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.0.663 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200GJ1998PTC034047 |
|
|
|
|
IEC No.: |
3498001655 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDM00763A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM5892Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of EPBX Telecom and Security Products. |
|
|
|
|
No. of Employees : |
400 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (58) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 1329000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established and a reputed company having fine track.
Financial position of the company appears to be sound. Trade relations are
reported as fair. Business is active. Payments are reported to be regular 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.
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 |
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. Pankaj |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-265-2630555 |
|
Date : |
02.11.2012 |
LOCATIONS
|
Registered Office/ Head Office/ Corporate Office : |
394, GIDC, Makarpura, Vadodara – 390 010, Gujarat, India |
|
Tel. No.: |
91-265-2630555 |
|
Fax No.: |
91-265-2636598 |
|
E-Mail : |
prakash.punjabi@matrixcomsec.com |
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
38/39, Waghodia GIDC, Vadodara – 391 760, |
|
Tel No.: |
91-2668-262056/ 57 |
|
Fax No.: |
91-2668-262631 |
|
Location : |
Owned |
|
|
|
|
R and D Center : |
190, GIDC, Makarpura, Vadodara - 390 010, |
|
Tel. No.: |
91-265-2630555 |
|
Fax No.: |
91-265-2636598 |
|
|
|
|
Branch Office : |
Located at: ·
· UAE |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Dhirendra Raichand Savla |
|
Designation : |
Whole Time Director |
|
Address : |
301, Rangilapark, Near Nehru Society, Vadodara, |
|
Date of Birth/Age : |
16.09.1964 |
|
Qualification : |
B.E. in Computer Science |
|
Date of Appointment : |
01.08.1998 |
|
DIN No.: |
00384113 |
|
|
|
|
Name : |
Mr. Ganesh Savji Jivani |
|
Designation : |
Whole Time Director |
|
Address : |
2, Narsil, Mayur Vihar Society, Manjalpur, Vadodara, Gujarat, India |
|
Date of Birth/Age : |
18.07.1964 |
|
Qualification : |
B.E. in Computer Science |
|
Date of Appointment : |
01.05.1998 |
|
DIN No.: |
00384165 |
KEY EXECUTIVES
|
Name : |
Mr. Pankaj |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Jivani Ramesh |
150 |
|
Savla Dhirendra |
16990 |
|
Jivani Ganesh |
48650 |
|
Salva Mita |
20 |
|
Jivani Savji |
150 |
|
Salva Sushila |
240 |
|
Jivani Jaya |
150 |
|
Total
|
66350 |
As on 30.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of EPBX Telecom and Security Products. |
|
|
|
|
Exports : |
|
|
Products : |
EPBX Telecom and Security Products |
|
Countries : |
·
US ·
Germany ·
Australia ·
Saudi Arabia
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
·
Taiwan ·
Singapore ·
Hong Kong |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
2010-11 |
|
A. Licenced Capacity |
N.A. |
|
B. Installed Capacity |
Not
Ascertainable |
|
C. Production of EPBX during the year |
89600 |
GENERAL INFORMATION
|
Suppliers : |
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||||||||||||
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||||||||||||
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Customers : |
Wholesalers and Retailers
|
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||||||||||||
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No. of Employees : |
400 (Approximately) |
||||||||||||
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|
|
||||||||||||
|
Bankers : |
·
The
Royal Bank of ·
Citi Bank ·
HDFC Bank Limited, Race Course Branch, Vadodara, ·
ING Vysya Bank ·
State Bank of ·
Kotak Mahendra Bank |
||||||||||||
|
|
|
||||||||||||
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Manish Shah and Associates Chartered Accountants |
|
Address : |
101/38, Gautam Nagar, |
|
Telfax No.: |
91-265-2359390/ 2337994 |
|
E-Mail : |
|
|
PAN No.: |
ABWPS4295E |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
66350 |
Equity Shares |
Rs.10/- each |
Rs.0.663
Million |
|
|
|
|
|
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 |
0.663 |
0.663 |
0.663 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
331.596 |
248.466 |
189.725 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
332.259 |
249.129 |
190.388 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.830 |
0.793 |
0.793 |
|
|
TOTAL BORROWING |
0.830 |
0.793 |
0.793 |
|
|
DEFERRED TAX LIABILITIES |
10.512 |
24.333 |
16.034 |
|
|
|
|
|
|
|
|
TOTAL |
343.601 |
274.255 |
207.215 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
206.864 |
80.060 |
76.501 |
|
|
Capital work-in-progress |
22.691 |
46.927 |
1.132 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
5.011 |
13.154 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
156.380
|
111.158
|
71.834 |
|
|
Sundry Debtors |
42.337
|
47.256
|
52.618 |
|
|
Cash & Bank Balances |
9.333
|
10.298
|
17.711 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
22.978
|
36.312
|
37.592 |
|
Total
Current Assets |
231.028
|
205.024 |
179.755 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
83.972 |
33.649 |
28.431 |
|
|
Other Current Liabilities |
9.353 |
7.337 |
5.877 |
|
|
Provisions |
23.657
|
21.781
|
29.019 |
|
Total
Current Liabilities |
116.982
|
62.767 |
63.327 |
|
|
Net Current Assets |
114.046
|
142.257
|
116.428 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
343.601 |
274.255 |
207.215 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
555.138 |
483.104 |
507.213 |
|
|
|
Other Income |
3.231 |
4.528 |
5.827 |
|
|
|
TOTAL (A) |
558.369 |
487.632 |
513.040 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed |
244.279 |
194.817 |
194.863 |
|
|
|
Manufacturing Expenses |
48.495 |
33.490 |
32.198 |
|
|
|
Employees Cost and Benefits |
74.196 |
75.011 |
66.690 |
|
|
|
Selling Expenses |
53.506 |
50.112 |
61.962 |
|
|
|
Administrative Expenses |
12.906 |
11.407 |
11.809 |
|
|
|
R and D Expenses |
48.893 |
35.808 |
26.089 |
|
|
|
Increase/ Decrease in stock |
(22.839) |
(18.262) |
(2.296) |
|
|
|
TOTAL (B) |
459.436 |
382.383 |
391.315 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
98.933 |
105.249 |
121.725 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.122 |
1.229 |
0.665 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
97.811 |
104.020 |
121.060 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
10.543 |
9.224 |
8.364 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
87.268 |
94.796 |
112.696 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.135 |
35.950 |
47.832 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
83.133 |
58.846 |
64.864 |
|
|
|
|
|
|
|
|
|
Less |
PRIOR PERIOD TO
ADJUSTMENT |
0.003 |
0.104 |
1.129 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
247.911 |
189.169 |
146.823 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
21.389 |
|
|
BALANCE CARRIED
TO THE B/S |
331.041 |
247.911 |
189.169 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
152.564 |
141.506 |
85.074 |
|
|
TOTAL EARNINGS |
152.564 |
141.506 |
85.074 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
161.826 |
132.451 |
139.545 |
|
|
|
Traveling Expenses |
1.606 |
2.580 |
2.803 |
|
|
|
Capital Goods |
1.677 |
2.405 |
0.862 |
|
|
TOTAL IMPORTS |
165.109 |
137.436 |
143.210 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
1253.00 |
887.00 |
978.00 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
680.000 |
|
|
|
|
|
Expected Sales (2012-2013): Rs.800.000 Millions
The above information has been parted by Mr. Pankaj.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
14.89
|
12.07
|
12.64 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
15.72
|
19.62
|
22.21 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
19.93
|
33.25
|
43.98 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26
|
0.38
|
0.59 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.39
|
0.25
|
0.34 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.97
|
3.26
|
2.84 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITOR
DETAILS:
(Rs.
In Millions)
|
Particulars
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors |
|
|
|
|
- Trade and Other Creditor |
83.972 |
33.649 |
28.431 |
|
|
|
|
|
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
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 |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
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 |
No |
REVIEW OF
OPERATIONS
The year was externally challenging. The markets witness unprecedented
turbulence in the wake of the global financial meltdown. In such a tough situation
the company has witnessed a marginal rise in turnover. The annual turnover of
the company for the year stood at 558.355 millions as against 487.373 millions
recorded during the previous year Net profit reduced from 94.795 millions in
the year 2009-10 to 87.269 millions for the year. Despite passionate
competition in the market of information Technology, The Company is confident
of maintaining growth by continued focus on quality and innovation in EPABX,
GSM, VOIP, Software and Access Control along with efficient management
resources.
CONTINGENT
LIABILITIES AND COMMITMENTS:
|
PARTICULAR |
31.03.2011 (Rs.
in Millions) |
31.03.2010 (Rs.
in Millions) |
|
Disputed demand raised BY Income Tax Authorities for which company has
gone on appeal |
0.000 |
1.057 |
|
Bank Guarantee |
0.872 |
0.000 |
FORM 8
|
Corporate
identity number of the company |
U72200GJ1998PTC034047 |
|
Name of the
company |
MATRIX COMSEC
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
394, GIDC Makarpura, Vadodara – 390 010, |
|
This form is for |
Creation of
charge |
|
Type of charge |
Immovable
property Book debts Movable property
(not being pledge) Floating charge |
|
Particular of charge
holder |
The Royal Bank of
|
|
Nature of
instrument creating charge |
A) Deed of Hypothecation
of Movable Assets B) Memorandum of Entry (both constitute a single charge) |
|
Date of
instrument Creating the charge |
20.01.2011 |
|
Amount secured by
the charge |
Rs.60.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest Credit
Facilities. Interest /
Commission - As agreed by and with the Bank from time to time. Terms of repayment As agreed by and
with the Bank from time to time. Margin As applicable, if
any. Extent and operation of the charge The Bank is
having exclusive charge on the security given by the Company |
|
Short particulars
of the property charged (Including location of the property) |
A)
Hypothecation
by way of exclusive charge on entire stocks of raw materials, semi finished
and finished goods, consumable stores and spares and such other movables
including book debts bills whether documentary or clean, o/s monies,
receivables, both present and future, in a form and manner satisfactory to
the Royal Bank of Scotland N.V. B)
Exclusive
charge on immovable properties of the company situated at a)
Plot
no. C1/394, admeasuring 882 sq mtrs of Makarpura Industrial Estate, situated
on land bearing R S No.535/P, 521/P, within the village limits of Vadsar, in
the regn sub district Vadodara b)
Plot
no. 38, admeasuring 940.80 sq mtrs of Waghodia Industrial Estate, situated on
land bearing R S No.772/P, 773/P within the village limits of Waghodia in the
regn sub district Waghodia. c)
Plot
no. 39, admeasuring 940.80 sq mtrs of Waghodia Industrial Estate, situated on
land bearing R S No.772/P, 773/P within the within the village limits of
Vadsar, in the regn sub district Vadodara |
TRADE REFERENCES
· ABB Limited, Mumbai
·
Larsen and Toubro
·
Arrow Electronic, Singapore
FIXED ASSETS:
·
Land
·
Furniture
·
Building
·
Office Equipments
·
Plant and Machinery
·
Computer
·
Electrical
·
Vehicles
·
R and D Equipment
·
Software
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.53.66 |
|
|
1 |
Rs.86.37 |
|
Euro |
1 |
Rs.69.24 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
58 |
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.