MIRA INFORM REPORT
|
Report Date : |
03.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
TRIMAX IT INFRASTRUCTURE AND SERVICES LIMITED |
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Formerly Known
As : |
TRIMAX COMPUTERS LIMITED [w.e.f. 30.03.2005] TRIMAX COMPUTERS PRIVATE LIMITED |
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Registered
Office : |
2nd Floor, Universal Mill Building, Asha Usha Compound,
Mehra Estate, L.B.S. Road, Vikhroli (West), Mumbai - 400079, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
18.08.1995 |
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Com. Reg. No.: |
11-091944 |
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Capital
Investment / Paid-up Capital : |
Rs. 173.917
Millions |
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CIN No.: [Company Identification
No.] |
U30000MH1995PLC091944 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT10155F |
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PAN No.: [Permanent Account No.] |
AAACT3858L |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Service Provider of IT Services and Solutions Encompassing
Integration, Data Centre. |
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No. of Employees
: |
1500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (62) |
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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 |
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Maximum Credit Limit : |
USD 7400000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed company having fine track
records. It has recorded a better increase in its total income and profits
during 2011. Financial position of the company is sound. Directors are reported as
well experienced and knowledgeable businessmen. Trade relations are reported as trustworthy. Business is active.
Payments are reported to be regular and as per commitments. The company can be considered good 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
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Rating |
Long term Bank facilities : CARE A- |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
May 2, 2012 |
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Rating Agency Name |
CARE |
|
Rating |
Short term Bank facilities : CARE A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
May 2, 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 PARTED BY
|
Name : |
Mr. Sanjay Jain |
|
Designation : |
Finance Head |
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Contact No.: |
91-22-40681000 |
|
Date : |
01.09.2012 |
LOCATIONS
|
Registered Office/ Corporate Office 1 : |
2nd Floor, Universal Mill Building, Asha Usha Compound,
Mehra Estate, L.B.S. Road, Vikhroli (West), Mumbai - 400079, Maharashtra,
India |
|
Tel. No.: |
91-22-40681000 |
|
Mobile No.: |
91-9987085520 (Mr. Giridhari Mangal – Sr. VP, Accounts and Finance) |
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Fax No.: |
91-22-40681001/ 40681008 |
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E-Mail : |
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|
Website : |
http://www.trimax.in |
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Location : |
Leased |
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Corporate Office 2 : |
16, |
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Tel. No.: |
91-22-23820248 |
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Fax No.: |
91-22-23823348 |
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Corporate Office 3 : |
Film Center
Building, 1st Floor, 68 Tardeo Road, Mumbai – 400 034, Maharashtra, India |
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Tel. No.: |
91-22-23526464,
23526151, 23526151, 23526152 |
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Branch Offices : |
Located at: v Ahmedabad v Bangalore v Chandigarh v Coimbatore v Dehradun v Delhi v Gurgaon v Jaipur v Kolkata v Ludhiana v Lucknow v Patna |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Surya Prakash Sohanlal Madrecha |
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Designation : |
Chairman and Managing Director |
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Address : |
22, Maniyar Building, B Wing, 3rd Floor, Tardeo, Mumbai –
400034, Maharashtra, India |
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Date of Birth/Age : |
26.02.1972 |
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Qualification : |
Bachelor of Science |
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Date of Appointment : |
18.08.1995 |
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DIN No.: |
00232283 |
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Name : |
Mr. Chandra Prakash Sohanlal Madrecha |
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Designation : |
Joint Managing Director |
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Address : |
22, Maniyar Building, B Wing, 3rd Floor, Tardeo, Mumbai –
400034, Maharashtra, India |
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Date of Birth/Age : |
20.06.1974 |
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Qualification : |
Bachelor of Commerce |
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Date of Appointment : |
27.11.2006 |
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DIN No.: |
00233232 |
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Name : |
Mr. Sanjiv Singhal |
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Designation : |
Nominee Director |
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Address : |
51, Seagull, 13 Carmichael Road, Next to Japanese Consulate, Mumbai –
400026, Maharashtra, India |
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Date of Birth/Age : |
23.03.1967 |
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Qualification : |
M.A., MBA , BA |
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Date of Appointment : |
04.04.2009 |
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DIN No.: |
02408616 |
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Name : |
Mr. Mukul Gulati |
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Designation : |
Nominee Director |
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Address : |
Villa 290, Phase 2 Adarsh Palm Meadows, Airport Whitefield Road, Near
Ramagundanahalli, Bangalore – 560066, Karnataka, India |
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Date of Birth/Age : |
06.07.1973 |
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Qualification : |
BA, MBA |
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Date of Appointment : |
01.10.2010 |
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DIN No.: |
00746183 |
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Name : |
Mr. Om Prakash Gahrotra |
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Designation : |
Director |
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Address : |
12, |
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Date of Birth/Age : |
21.09.1946 |
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Qualification : |
Bachelor of Science, Master in Financial Management |
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Date of Appointment : |
30.09.2010 |
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DIN No.: |
00936696 |
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Name : |
Mr. Surinder Singh Kohli |
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Designation : |
Independent Director |
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Address : |
J-170, Rajouri Garden, New Delhi – 110027, India |
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Date of Birth/Age : |
10.04.1945 |
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Date of Appointment : |
26.04.2011 |
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DIN No.: |
00169907 |
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Name : |
Mr. Charanpreet Singh |
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Designation : |
Independent Director |
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Address : |
# 310 Binayak Residency, 6/5 D Anil Maitra Road, Kolkata – 700019,
West Bengal, India |
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Date of Birth/Age : |
05.12.1962 |
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Date of Appointment : |
26.04.2011 |
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DIN No.: |
01104258 |
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Name : |
Mr. Ramakrishnan Kothandaraman Nellaipalli |
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Designation : |
Independent Director |
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Address : |
Villa 311, Phase 2 Adarsh Palm Meadows, Airport Whitefield Road, Near
Ramagundanahalli, Bangalore – 560066, Karnataka, India |
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Date of Birth/Age : |
17.09.1958 |
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Date of Appointment : |
14.06.2011 |
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DIN No.: |
00145984 |
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Name : |
Mr. Amit Vikram Sharma |
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Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Srabani Saha |
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Designation : |
Company Secretary |
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Address : |
C-38/ S-13, M G Complex, Sector - 14, Vashi, Navi Mumbai – 400703, Maharashtra,
India |
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Date of Birth/Age : |
30.11.1968 |
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Date of Appointment : |
01.09.2009 |
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PAN No.: |
BBEPS4970B |
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|
Name : |
Mr. Sanjay Jain |
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Designation : |
Finance Head |
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Name : |
Sudhanshu Tewari |
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Designation : |
Business Head – Turnkey projects |
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|
Name : |
Nagraj Jain |
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Designation : |
Business Head, Managed IT Services |
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|
Name : |
Venugopal Ramanathan |
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Designation : |
Sales Head, Enterprise |
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Name : |
Nandkishor Desai |
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Designation : |
Head Buisness Denelopment and Sales, e-Governance and BFSI |
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|
Name : |
Rajesh Tapadia |
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Designation : |
Business Head, Data Centre and Cloud Computing at Trimax Datacentre
Services Limited |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
Percentage of
Shares |
|
Standard Fiscal Markets Private Limited, |
7800000 |
20.43 |
|
Shrey Technologies Private Limited, |
7651800 |
20.04 |
|
Pratik Technologies Private Limited, |
7309200 |
19.14 |
|
Banyantree Growth Capital, L.L.C., |
4782684 |
12.52 |
|
Chandra Prakash Madrecha |
2720000 |
7.12 |
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ZP II Trimax Limited, , |
2512832 |
6.58 |
|
Surya Prakash Madrecha |
2368200 |
6.20 |
|
Standard Fiscal Markets Private Limited, |
1701000 |
4.45 |
|
Mukul Gulati |
841088 |
2.20 |
|
Meena Madrecha |
228800 |
0.60 |
|
Reena Madrecha |
219600 |
0.58 |
|
Blend Financial Services Limited, India |
50000 |
0.13 |
|
Sunil Madrecha |
1000 |
0.01 |
|
Chandra Prakash Madrecha - HUF |
200 |
0.00 |
|
Surya Prakash Madrecha - HUF |
200 |
0.00 |
|
Total |
38186604 |
100.00 |
AS ON 07.06.2012
|
Names of Allottees |
|
No. of Shares |
|
Zephyr Peacock India Fund III Limited, Mauritius |
|
712834 |
|
IL and FS Trust Company Limited, India, representing Zephyr Peacock
India III Fund, a scheme of Zephyr Peacock India Master Trust, in its
capacity as a trustee |
|
307865 |
|
Total |
|
1020699 |
AS ON 31.03.2012
|
Names of Allottees |
|
No. of Shares |
|
Aditya Birla Trustee Company Private Limited, Trustee of Aditya Birla
Private Equity Trust A/c Aditya Birla Private Equity – Fund I |
|
2857960 |
|
Total |
|
2857960 |
AS ON 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
19.11 |
|
Bodies
corporate |
|
64.19 |
|
Directors
or relatives of directors |
|
14.50 |
|
Other
top fifty shareholders |
|
2.20 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Service Provider of IT Services and Solutions Encompassing
Integration, Data Centre. |
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Services : |
v System Integration v Managed IT Services v Managed Network Services |
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Terms : |
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Selling : |
Cash 30 Days |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
v Redington India
Limited v Ingram Micro
India Limited |
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Customers : |
OEM’s v Bharat Sanchar
Nigam Limited v ITI Limited v Bharati Airtel
Limited v Axis Bank v Canara Bank v Reliance BPO
Private Limited - v Maharashtra
State Co-operative Cotton Growers' Marketing Federation Limited v Reliance
Securities Limited v The Supreme
Industries Limited v Rajasthan State
Beverages Corporation Limited v Karnataka State
Electronics Development Corporation Limited (KEONICS) v National
Textiles Corporation Limited v Sparsh BPO
Services Limited v Osmanbad Central
Cooperative Bank v Jammu and
Kashmir State Data Centre v Godrej v Rajasthan State
Wide Area Network v Sai Info System
India Limited |
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No. of Employees : |
1500 (Approximately) |
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Bankers : |
v State Bank of
Hyderabad, Overseas Branch, 1204, Ashok Mahal, Tulloch Road, Colaba, Mumbai –
400039, Maharashtra, India v DBS Bank
Limited, Upper Ground Floor, Birla Tower, 25 Barakhamba Road, New Delhi – 110001,
India v State Bank of
India, Industrial Finance Branch, 2nd Floor, The Arcade World
Trade Centre, Cuffe Parade, Colaba, Mumbai – 400005, Maharashtra, India v Standard Chartered Bank, Credit Documentation Unit, 90, Mahatma Gandhi Road, Fort, Mumbai - 400 001, Maharashtra, India v Axis Bank, SME Business Group, 3rd Floor, RNA Corporate Park, Kalanagar, Bandra (East), Mumbai - 400 051, Maharashtra, India v Kotak Mahindra Bank, 6th Floor, Dani Corporate Park, 158, C. S. T Road, Kalina, Santacruz (East), Mumbai - 400 098, Maharashtra, India v ICICI Bank, Mafatlal Chamber, SEG - Department 'B' Wing, 3rd Floor, N. M. Joshi Marg, Lower Parel (East), Mumbai - 400 013, Maharashtra, India v Canara Bank, Prime Corporate Branch – II, Varma Chambers, 2nd Floor, Homji Street, Mumbai - 400 001, Maharashtra, India v
The
HongKong and Shanghai Banking Corporation Limited, 52/ 60, Mahatma Gandhi
Road, Mumbai – 400 001, Maharashtra, India v
Barclays
Bank PLC, Ceejay House, Shivsagar Estate, Dr. A Beasant Road, Wroli, Mumbai -
400018, Maharashtra, India v Corporation Bank v ABN Amro Bank v HDFC Bank Limited v State Bank of India, Vikhroli Branch, Mumbai, Maharashtra, India |
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Facilities : |
Fund Base – Rs. 1100.000 Millions (State Bank of India, Vikhroli
Branch) Non Fund Base – Rs. 1900.000 Millions (State Bank of India, Vikhroli
Branch)
|
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Banking
Relations : |
-- |
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Financial
Institution : |
v CISCO Systems
Capital India Private Limited, 7th Floor, East Tower, 25 Barakhamba
Road, New Delhi – 110001, India |
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|
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Auditors : |
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|
Name : |
Haribhakti and Company Chartered Accountants |
|
Address : |
701, Leela Business Park, Andheri Kurla Road, Andheri (East), Mumbai-
400 059, Maharashtra, India |
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Tel. No.: |
91-22-66729999 |
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Fax No.: |
91-22-66729777 |
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Email: |
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|
Web Site: |
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|
Income-tax
PAN of auditor or auditor's firm : |
AAAFH2010F |
|
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|
Subsidiaries : |
v Trimax IT
Infrastructure and Services Pte. Limited, Singapore v Trimax Datacenter
Services Limited [U72200MH2008PLC184708] v Trimax Managed
Services Limited [U74999MH2011PLC211910] |
|
|
|
|
Enterprises in
which Key Managerial Personnel exercise significant influence: |
v Pratik
Technologies Private Limited v Shrey Technologies
Private Limited v Standard Fiscal
Markets Private Limited v Mangalam Multi
Trade Private Limited v Prestige Multi
Trade Private Limited v SMLE Solutions
Private Limited |
CAPITAL STRUCTURE
AFTER 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
55000000 |
Equity Shares |
Rs. 10/- each |
Rs. 550.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
42065263 |
Equity Shares |
Rs.10/- each |
Rs. 420.653 Millions |
|
|
|
|
|
AS ON 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
55000000 |
Equity Shares |
Rs. 10/- each |
Rs. 550.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
38186604 |
Equity Shares |
Rs.10/- each |
Rs. 381.866 Millions |
|
|
|
|
|
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22000000 |
Equity Shares |
Rs. 10/- each |
Rs. 220.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17391715 |
Equity Shares |
Rs.10/- each |
Rs. 173.917
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 |
173.917 |
150.001 |
150.001 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1680.199 |
794.901 |
343.002 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1854.116 |
944.902 |
493.003 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1205.400 |
759.913 |
140.393 |
|
|
2] Unsecured Loans |
451.596 |
266.382 |
262.344 |
|
|
TOTAL BORROWING |
1656.996 |
1026.295 |
402.737 |
|
|
DEFERRED TAX LIABILITIES |
92.300 |
53.793 |
14.529 |
|
|
|
|
|
|
|
|
TOTAL |
3603.412 |
2024.990 |
910.269 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
567.730 |
423.756 |
93.085 |
|
|
Capital work-in-progress |
373.367 |
0.000 |
97.065 |
|
|
|
|
|
|
|
|
INVESTMENT |
203.674 |
197.998 |
187.654 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
333.610
|
213.091 |
3.803
|
|
|
Sundry Debtors |
1799.148
|
1118.606 |
759.876
|
|
|
Cash & Bank Balances |
152.714
|
96.479 |
33.779
|
|
|
Other Current Assets |
3.634
|
2.444 |
2.794
|
|
|
Loans & Advances |
1197.949
|
728.635 |
208.064
|
|
Total
Current Assets |
3487.055
|
2159.255 |
1008.316 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
621.257
|
594.952 |
302.486
|
|
|
Other Current Liabilities |
324.139
|
74.061 |
58.509
|
|
|
Provisions |
83.018
|
87.006 |
114.856
|
|
Total
Current Liabilities |
1028.414
|
756.019 |
475.851
|
|
|
Net Current Assets |
2458.641
|
1403.236 |
532.465
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3603.412 |
2024.990 |
910.269 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
5271.820 |
3515.931 |
2178.679 |
|
|
|
Other Income |
62.100 |
21.519 |
4.583 |
|
|
|
TOTAL (A) |
5333.920 |
3537.450 |
2183.262 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
3511.376 |
2457.346 |
|
|
|
|
Manufacturing service costs |
201.655 |
51.969 |
|
|
|
|
Employee related expenses |
242.042 |
154.755 |
|
|
|
|
Administrative selling other expenses |
207.821 |
115.940 |
|
|
|
|
TOTAL (B) |
4162.894 |
2780.010 |
1742.836 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1171.026 |
757.440 |
440.426 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
137.201 |
87.267 |
61.539 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1033.825 |
670.173 |
378.887 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
106.100 |
41.533 |
17.150 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
927.725 |
628.640 |
361.737 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
262.006 |
167.965 |
111.499 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
665.719 |
460.675 |
250.238 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
791.973 |
340.073 |
94.218 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend |
7.637 |
7.500 |
3.747 |
|
|
|
Tax on Dividend |
1.268 |
1.275 |
0.636 |
|
|
BALANCE CARRIED
TO THE B/S |
1448.787 |
791.973 |
340.073 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Sale of Software |
178.840 |
189.566 |
77.614 |
|
|
TOTAL EARNINGS |
178.840 |
189.566 |
77.614 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
21.96 |
15.36 |
33.40 |
|
|
|
Diluted |
17.68 |
13.72 |
33.29 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
7500.000 |
|
|
|
|
|
Expected Sales ( 2012-2013 ) : Rs. 10000.000 Millions
The above information has been parted by Mr. Sanjay (Finance Head)
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
12.48 |
13.02 |
11.46
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
17.60 |
17.88 |
16.60
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
22.88 |
24.34 |
32.84
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.50 |
0.67 |
0.73
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.45 |
1.89 |
1.78
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.39 |
2.86 |
2.12
|
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
(Rs. In Millions) |
||
|
Creditors due small micro enterprises |
0.000 |
0.000 |
0.000 |
|
Creditors due others |
621.257 |
594.952 |
302.486
|
|
Sundry creditors |
621.257 |
594.952 |
302.486 |
|
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 |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
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 |
Yes |
NOTE:
The Registered Office of the company has been shifted from 16, Dubhash
Building, 2nd Floor, Off Lamintong Road, Mumbai – 400004,
Maharashtra, India, to the present address w.e.f. 02.03.2008.
OVERVIEW: Business:
The Company offers
a comprehensive range of IT services to its customers divided into Enterprise
Solutions and Managed IT Services. The services provided by the Company broadly
comprises of the following : a) Enterprise Solutions Enterprise Solutions
business is the Company’s largest income source. Key customers of the Company’s
Enterprise Solutions business include a leading life insurance company, an
aerospace engineering company, a company engaged in the supply and distribution
of electricity and Rajasthan State Beverages Corporation Limited (RSBCL). Since
October 2007, the Company has been empanelled as system integration channel
partner for BSNL. Pursuant to this partnership, it markets and sells BSNL’s
data services, which includes configuration and maintenance of the customer’s
end equipment, network on LAN (Local Area Network) or WAN (Wide Area Network),
leased-line solutions, MPLS (Multiprotocol Label Switching) and VPN (Virtual
Private Network) solutions and other equipment to deliver end-to-end solutions
to its customers. The Company supplies, configures and maintains all necessary
equipment along with the connectivity for BSNL to provide the end-to-end
solutions. Enterprise Solutions comprises of the following:
· Compute infrastructure solutions
Compute
Infrastructure Solutions involve the supply and installation of desktop and
laptop computers, servers, operating systems and commercial off-the-shelf
software, as well as data storage solutions. The Company installs and maintains
hardware and software as a customized service.
· Network infrastructure solutions
Network
Infrastructure Solutions include networking and infrastructure components such
as routers, switches, firewalls, IPS (Intrusion Prevention System)/IDS
(Intrusion Detection System), UPS (Uninterruptible Power Supply), DG sets,
precision AC components, uninterrupted power supply solutions and fire
suppression systems. As part of the Company’s network infrastructure solutions,
it received an order for setting up a state wide area network (“SWAN”) for the
state of Rajasthan. The SWAN is designed to deliver quality services to
citizens, especially in rural areas, in the state of Rajasthan. It will supply,
configure and install the required hardware for the network and also operate
the SWAN. The Company is contracted to operate and maintain the SWAN, which it
will do on a BOOT (Build, operate, own and transfer) basis, for a period of
five years.
· Software solutions
The Company
provides software development services using industry standard propriety and
open source platforms such as Java, J2EE, C++, Microsoft.NET, PHP, MySQL,
Oracle and Apache. It has developed customised applications for its customers
in the areas of ETIMs (Electronic Ticket Issuing Machine) and online reservations
systems, integrated excise management, tax filing and project management tools.
· Turnkey solutions
The Company
integrates all its IT solutions, creating turnkey solutions which are
specifically tailored for its customers. In April 2011, the Company completed a
turnkey solution for the Rajasthan State Beverages Corporation Limited
(“RSBCL”). RSBCL needed to fully integrate its IT infrastructure with the
Rajasthan State Excise Department (‘‘RSED”) and the Rajasthan State Ganganagar
Sugar Mills (“RSGSM”).
b) Managed IT Services
Managed IT
Services business is the Company’s fastest growing revenue source. Key
customers for Managed IT Services business are BSNL, a large private bank,
Intelenet and a large national bank in India. Managed IT Services includes any
service that is delivered centrally from one location, such as from the
Company’s NOC (Network Operation Centre), data center premises or through cloud
computing services or where its employees are providing on-site or off-site
operational support. The Company has provided Managed IT Services for a large
state run transport provider in the state of Maharashtra where among other
things the Company developed an internet based ticketing system and provided
and programmed ETIMs for all buses and IT Infrastructure at a number of
locations across the state. Managed IT Services includes the following:
· Managed Network Services (MNS)
MNS are
“one-stop-shop” services designed to meet the Company’s customers’ need for
effective and reliable network services on an operational expense basis. Since
November 2008, the Company has been a MNS channel partner for BSNL. Pursuant to
this partnership, it markets and sells BSNL’s MNS, which includes enterprise
broadband, internet, MPLS and VPN connectivity. It supplies, configures and
maintains all the necessary network equipment to provide “last-mile”
connectivity. It also monitors and manages equipment and the BSNL bandwidth
service on a 24x7 basis. Since July 2010, we have been a Silver Channel Partner
for BSNL. Pursuant to this partnership, we market and sell BSNL’s voice and
data services to BSNL’s Silver customers in certain BSNL regional circles.
· Cloud computing
Cloud computing is
a style of computing in which dynamically scalable and often virtualized
recourses are provided as a service over the internet. It includes the
following:
Ø Virtual Private Server (VPS)
VPS create many
server partitions within one server. Each partitioned server has the appearance
and capabilities of a dedicated server with its own allocated capacity. VPS
allow a server to be shared, which reduces the server costs for customers
without sacrificing the quality of the service provided.
Ø Web design and hosting
The Company offers
“do it yourself” tools that enable its customers to design their own websites
with existing templates provided in the web design system.
· Data centre services
A Data Centre is a
centralized repository for the storage, management and dissemination of data
and information. It consists of a raised floor server farm room, supported
utility area and a NOC.
· Facility Management Services (FMS)
FMS are
single-source solutions provided to customers seeking customised facility
management and business support services such as (i) IT helpdesk; (ii) desktop
management services; (iii) server administration and management; (iv) network
management; (v) data centre operations management; (vi) mail messaging system
administration; (vii) IT security management; (viii) application management;
(ix) data base administration; (x) vendor management services; and (xi) asset
management services.
CONTINGENT
LIABILITIES
(Rs.
In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
|
Outstanding bank guarantees |
254.814 |
114.030 |
|
Corporate guarantee given by the company to Bank on
behalf of the company’s subsidiary Trimax Datacenter Services Limited |
510.000 |
510.000 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U30000MH1995PLC091944 |
|
Name of the
company |
TRIMAX IT
INFRASTRUCTURE AND SERVICES LIMITED |
|
Address of the
registered office or of the principal place of business in |
2nd Floor,
Universal Mill Building, Asha Usha Compound, Mehra Estate, L.B.S. Road, Vikhroli
(West), Mumbai - 400079, Maharashtra, India Email ID: csd@trimax.in
|
|
This form is for |
Creation of
charge |
|
Type of charge |
Book Debts Movable Property |
|
Particular of
charge holder |
DBS Bank Limited,
Upper Ground Floor, Birla Tower, 25 Barakhamba Road, New Delhi – 110001,
India Email ID: vikramrao@dbs.com
|
|
Nature of
description of the instrument creating or modifying the charge |
Deed of
Hypothecation |
|
Date of
instrument Creating the charge |
20.12.2011 |
|
Amount secured by
the charge |
Rs. 572.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 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 first and exclusive charge on security given by the Company Others The Charge will
cover the mark to market amount relating to the derivative transactions
undertaken by the Company with DBS Bank Limited |
|
Short particulars
of the property charged |
A) First and
exclusive Charge by way of Hypothecation over the present and future book
debts, outstanding monies receivables, claims, bills, contracts, engagements,
securities, investments, rights and assets relating to Data Center Project B) First and exclusive
Charge by way of Hypothecation over the Data Center Project assets (movable
fixed assets) present and future including assets procured/ to be procured |
TRADE REFERENCES:
v Sai Info System
India Limited
v Redington India
Limited
v Ingram Micro India
Limited
FIXED ASSETS:
Tangible assets
v Office Equipment
v Computers
v Plant and Machinery
v Furniture and Fixture
v Motor Vehicles
Intangible assets
v Software
WEBSITE DETAILS
PRESS RELEASE
Rajasthan State Road Transport
Corporation wins the e-Governance Rajasthan award for the Online Reservation
System (ORS) and the integration of the existing Electronic Ticket Issuing
Machines (ETIM) with the Online Reservation System.
The National
e-Governance Plan (NeGP) has the vision of making all Government services
accessible to the common man in his locality, through common service delivery
outlets, and ensure efficiency, transparency, and reliability of such services
at affordable costs to realise the basic needs of the common man. The
Government of Rajasthan has undertaken various initiatives to realize this
vision of NeGP.
To recognize the
efforts and the excellence achieved, the Department of Information Technology
and Communication had instituted an Awards platform to award the officers of
the State Government who have implemented eGovernance initiatives in an
exemplary manner. The awardees were measured on 2 criteria
- e-Governance impact
- e-Governance Leadership traits
In the A2 category of
awards for Senior Departmental Functionaries /Heads of
Department, Shri. Manjit Singh was nominated for the award for the
implementation of Online Reservation System (ORS) and the integration of the
existing Electronic Ticket Issuing Machines (ETIM) with ORS in Rajasthan State
Road Transport Corporation. This project was awarded to Trimax IT
Infrastructure and Services Ltd., who executed the project and is also managing
the same for 5 years. The project was taken up by Trimax on BOOT (Build,
Operate, Own, and Transfer) model. Trimax has also implemented ORS and ETIM in
MSRTC (Maharashtra State Road Transport Corporation) and various other
Transport Solutions across various States and City Road Transport Corporations.
Aditya Birla
Capital Advisors announces Investment of Rs. 1000.000 Millions in
Trimax IT Infrastructure and Services Limited
Mumbai, April 10,2012: Aditya Birla Private Equity – Fund has
invested Rs 1000.000 Millions in Mumbai based Trimax IT
Infrastructure and Services Limited (Trimax), one of the India’s leading IT
Services and Solutions company. Trimax will use the proceeds from the
fund-raising to finance its aggressive expansion plans in the backdrop of
significant order flow from domestic IT services market and to bolster its
global plans.
Set up in 1995, under
the leadership of Mr. Surya Prakash Madrecha and Mr. Chandra Prakash Madrecha,
the company has grown from being a System Integrator to offering full fledged
IT Solutions and IT Infrastructure Management Services. Trimax has since
successfully built capabilities and solutions in the Transport, Government,
PSU, BFSI, Enterprise SME sectors, right from offering Network Management to
executing large scale complex turnkey projects in the Government, PSU and
Private sectors. The company has an impressive clientele including well reputed
Private companies and Government agencies and caters to more than 700 Small and
Medium Enterprises (SMEs) in India.
Commenting on the
occasion, Mr.Bharat Banka, Chief Executive Officer, Aditya Birla Capital
Advisors Private Limited (ABCAP) said “Trimax is uniquely placed within
e-governance and the Enterprise sectors which exhibit strong and encouraging
growth prospects. It is an IT Service and Solution provider to industries
witnessing exponential growth like banking and financial services, telecom and
transportation, amongst others, and is poised to benefit from the massive
ramp-ups and projects underway in these sectors. We are excited to collaborate
with Trimax and play a value-added role in the growth of the company.”
Speaking on the
occasion, Mr. Surya Prakash Madrecha, Managing Director, Trimax, added
“Trimax has drawn up aggressive expansion and diversification plans which
entail investment in capital expenditure and long-term working capital. We have
witnessed significant growth in India in various sectors and will continue
expand both our service lines as well as foray into newer sectors. Parallely,
we also plan to expand overseas into emerging and developing markets. We
believe that an active investor like ABCAP, with a partnership approach, will
definitely help us speed up the growth momentum. The extensive network of our
investment partners, ABCAP, and their deep reach within Indian and
international business zones will help us capture more business opportunities”.
About Aditya
Birla Capital Advisors
Aditya Birla
Capital Advisors Private Limited (ABCAP) offers asset management and advisory
services in private Equity, to domestic and global investors. The company has
adopted a unique investment style of partnering with its portfolio companies by
providing strategic and operational intervention and has its focus on growth
investments in mid market companies, with India as investment destination.
Trimax wins Award for
the Best PE-backed IT Company
Trimax IT Infrastructure and Services Limited has won an award for being the best PE Backed IT Company at the debut edition of VC Circle Awards 2012 held in Delhi on Tuesday 14th February, 2012. The glittering finale brought together top-performing PE and VC-backed companies in India, as well as investors, lawyers and investment bankers, who came out to show their support for the bustling PE/VC ecosystem in the country. Mr. Surya Prakash Madrecha, CMD of Trimax IT Infrastructure and Services Limited received the award on behalf of the company. The awards were given across various industry sectors in venture capital, private equity categories and also the deal intermediaries like the law firms and the investment banks for recognizing their work in the private equity space for the year 2011. An expert jury, comprising industry veterans, academicians and consultants drew up the list of winners. Jury members Arun Duggal (chairman of Shriram Capital Limited), Luis Miranda (former chairman of IDFC Private Equity), Sri Rajan (Partner at Bain and Company) and Dr Ajay Shah (professor, National Institute for Public Finance and Policy) selected the most outstanding Indian companies who had not only recorded exceptional growth in their respective industries, but also had a long-standing impact on the economy in general. The companies who had secured at least one round of funding between 2007 and 2011 were considered for this year's awards. Trimax was pitted and won against other nominees like Glodyne Technoserve Limited, Spanco Limited and Intelenet Global Services.
Trimax to set-up
State Data Centre (SDC) for Jammu and Kashmir Government Jammu,
Jan 9: Chief Minister Omar Abdullah Monday said that e-governance would boost
up the Government’s efforts of bringing common masses closer to the
administration and giving power to their voices. Laying foundation of
Jammu and Kashmir State Data Centre (JKSDC) in Civil Secretariat premises here,
the CM said that the State Government has initiated a programme of establishing
Data Centres to provide core infrastructure for supporting e-governance making
service delivery to people fast and to the point. “State Data Centre would
act as a central repository of the State providing secure data storage,
disaster recovery and remote management functions. It would also act as a
mediator and convergence point between people and the government and provide
efficient electronic delivery between various departments and business, the CM
said. CM said that the Government has a plan of connecting all the villages
through a State Wide Area Network (SWAN) and Common Service Centres (CSCs) with
this central repository system to create direct people-government liaison and
help to address public grievances and ensuring development process smoothly all
across the State. “Establishment of Data Centres and SWAN along with CSCs
would give further push to our efforts of bringing common masses closer to the
government and giving power to their voices. Thrust of my government is to
improve governance through technology and simplify processes of service
delivery to the people by avoiding red-tape and making e-governance rule the
roost in this regard,” the CM said. CM said the State Data Centre will
enable State Departments to host their services on a common infrastructure leading
to ease integration and management ensuring computing resources and the support
connectivity adequately and optimally. He said these services would be
extended to government agencies, citizens and business through the connectivity
infrastructure to be rolled out as SWAN. The CM asked the Information and
Technology Department to fast track the initiatives to achieve the results in a
time bound manner. Speaking on the occasion, the Minister for Information
and Technology, Syed Aga Ruhalla said that JKSDC would provide round-the-clock
service availability to the Government departments, business establishments and
general citizens.
TRIMAX bags the
‘Partner Leadership Award 2011’Trimax IT Infrastructure and Services Limited
(Trimax) has won the
coveted ‘ITPV Partner Leadership Award 2011’ for being an Emerging Solution
Provider for Cloud based services. The event organized by TECHPLUS Media was
held on 3rd November, 2011 at hotel ITC-Grand Maratha. The award was received
by Mr. Rajesh Tapadia, Chief Technology Officer and Head (Data Centre), Trimax.
ITPV held the award event with a view to reward and recognize the efforts of
those who have brought in cutting edge solutions in the IT industry. The chief
guest for the event was Mr. Alex Huang, Country Head – Asus Tech Private
Limited; the other dignitaries present at the event were Mr. Champak Raj
Gurjar, TAIT President, Mr. Kaushal Khandoor from Neoteric, Mr. Suresh Pansari
from Rashi Peripherals, Mr. Nitin Shah, Chief Managing Director, Allied
Digital, to name a few. Partner Leadership Award
Rajasthan State
Wide Area Network (RajSWAN) Launched “Rajasthan State Wide
Area Network (RajSWAN) project is envisaged to act as a vehicle for the
implementation of the Government of Rajasthan’s (GoR) e-Governance project
spearheaded by Rajcomp Information Services Limited, the state’s designated
agency. The project is being executed by a consortium comprising of Bharti
Airtel Limited, Bharti Airtel Services Limited & Trimax IT Infrastructure
and Services Ltd(“Consortium”).This project aims at creating vertical and
horizontal communication network (data, video and voice communications) by
linking government offices at the State Secretariat (Sachivalaya), called as
the State Head Quarter (SHQ), Zila Parishads (DHQ), and all the Panchayat
Samiti Headquarter (BHQ) and the State Data Center/Network Operation Centre
(SDC/NOC) and approx. 3381 horizontal offices located at DHQ/BHQ. GoR has
initiated setting up RajSWAN to establish the communication infrastructure with
an aim to improve the administrative efficiency and effectiveness, thereby
improving the quality of service to the common man.The project will be
implemented over the next five years on a ‘Build, Own, Operate, and Transfer'
(BOOT) model .The kick-off meeting for the project took place in the presence
of a host of dignitaries from The Government of Rajasthan , Bharti Airtel
Limited and Trimax IT Infrastructure and Services Limited.
Honorable Secretary (IT) - Rajasthan Govt, Technical Director (RISL), Mr.
Drew Kelton, President, Mr. Milan Rao, Chief Executive Officer
and Mr.Manoj Paul, Chief Operating Officer, West from the
Enterprises Services division of Bharti Airtel Limited, Mr.
Surya Prakash Madrecha, Chairman and Managing Director and Mr. Chandra Prakash
Madrecha, Joint Managing Director from Trimax IT Infrastructure and Services
Limited were some of the dignitaries who attended the meeting”.
Ticket booking for
RSRTC buses to goes online Jaipur:
As part of ushering
e-Governance in all its operations over the next two years, the Rajasthan State
Road Transport Corporation (RSRTC) on Sunday broad-based online reservation
system in its buses. The e-ticketing facility, the entire infrastructure
for which has been developed by a Mumbai-based company, will be extended to
1,500 buses on all prominent routes in Rajasthan and outside the state. The new
system will see passengers booking their tickets via the official website of
RSRTC, www.rsrtc.gov.in and 150 booking centers, besides booking tickets a
month in advance on prominent RSRTC buses. The facility's software upgrade was
marred by teething problems, with passengers facing difficulties in getting
tickets from the booking windows at Central Bus Stand in Jaipur and other
ticket booking facilities, like kiosks. Owing to glitches in switching over
from old booking software passengers not only faced problems in getting
tickets, but those who had booked confirmed tickets through the old software
saw their names missing from the new passenger list, while some others got double
tickets. Confirming there were certain problems due to the
software switchover, RSRTC official spokesman Sudhir Bhati said,"
Such problems will be rectified and four to five extra buses will be run to
benefit passengers who suffered due to technical reasons."
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] 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. 55.72 |
|
|
1 |
Rs. 87.95 |
|
Euro |
1 |
Rs. 69.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
62 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.