MIRA INFORM REPORT
|
Report Date : |
02.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
SIGMA BYTE AV SOLUTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
H-11/12, Paragon Condominium, Paragon Textiles Mills Compound,
Pandurang Budhkar Marg, Worli, Mumbai – 400 013, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
26.08.2008 |
|
|
|
|
Com. Reg. No.: |
11-186157 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U92490MH2008PTC186157 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS61550G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAMCS3236R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged into the business of providing infrastructure in
the field of Audio, Video Equipments including professional grade equipments
such as editing control unit, special effect instruments etc. and video
conferencing, tale presence, tale communications etc and development of
software and offering solutions consisting of hardware, software, and
intelligent property rights. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
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 20000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having a satisfactory track record. Trade relations are reported as fair. Business is active. Payments
terms are usually correct. The company can be considered 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
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like Tunisia, Egypt, Libya and Vietnam.
Once powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its operations,
HMV, the British entertainment retailing company and Borders, once the second
largest bookstore have shut down due to their inability to evolve their
business models with the changing time. Readers’ Digest, Thomson Register are
no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and the
US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that India regains its growth trajectory of 8-9 % sooner than
later. This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DENIED BY
|
Name : |
Mr. Fulesh Bansal |
|
Designation : |
Account Manager |
|
Contact No.: |
91-22-40274747 |
|
Date : |
30.07.2013 |
LOCATIONS
|
Registered Office : |
H-11/12, Paragon Condominium, Paragon Textiles Mills Compound,
Pandurang Budhkar Marg, Worli, Mumbai – 400 013, |
|
Tel. No.: |
91-22-40274747 |
|
Fax No.: |
91-22-24938930 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Quarter : |
No.27/1, 8th Cross, |
|
Tel. No.: |
91-80-41321881/ 41321882 |
|
Fax No.: |
91-80-41468886 |
|
|
|
|
Chennai
Office : |
Office No.3, 1st Floor, Welington
Estate, 24, Ethiraj Salai, Chennai - 600 008, |
|
Tel. No.: |
91-44-45508223/ 24 |
|
|
|
|
|
6-3-662/101C, Zore Complex, Block #1, 1st
Floor, Beside |
|
Tel. No.: |
91-40-40038224/ 40038225 |
|
Fax No.: |
91-40-40038221 |
|
|
|
|
Pune
Office : |
310, Lloyds Chambers, Block 2, Mangalwar
Peth, Maldhakka Chowk, Near Ambedker Bhavan, Pune - 411 011,
Maharashtra, India |
|
Fax No.: |
91-20-32924660 |
|
|
|
|
|
Office No 504, 19 Kirti Mahal, |
|
Tel. No.: |
91 11 4509 4748 / 4509 4787 |
|
Fax No.: |
91 11 25752165 |
|
|
|
|
Overseas Office 1 : |
U.A.E Sigma-Byte Computers FZC. P.O. Box No. 120230, Warehouse No. A-4,
63, Saif Zone, Sharjah, Sharjah - U.A.E. |
|
Tel. No.: |
+971 6 5573419 |
|
Fax No.: |
+971 6 5574319 |
|
|
|
|
Overseas Office 2 : |
Sigma-Byte Computers (S) Pte. Limited 10, Anson Road, 31-10, |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Ketan Chandrakant Kothari |
|
Designation : |
Director |
|
Address : |
410, Vaishali Apartment, Prarthna Samaj,
Mumbai – 400 004, |
|
Date of Birth/Age : |
06.04.1968 |
|
Date of Appointment : |
26.08.2008 |
|
DIN No.: |
00026542 |
|
|
|
|
Name : |
Alkesh Sevantibhai Gandhi |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
05.02.1968 |
|
Date of Appointment : |
26.08.2008 |
|
DIN No.: |
00096614 |
|
|
|
|
Name : |
Mr. Deepak Sreenivas |
|
Designation : |
Director |
|
Address : |
No.81, IV Cross, Teachers Colony Ii Stage, Banashankari
Ii Stage, |
|
Date of Birth/Age : |
10.07.1972 |
|
Date of Appointment : |
26.08.2008 |
|
DIN No.: |
02260169 |
|
|
|
|
Name : |
Mr. Prakash Gururao |
|
Designation : |
Director |
|
Address : |
G-1, Rajamma Apartments, 4th
Main,, Venkatappa Layout, RMV II Stage, Sanjaynagar, |
|
Date of Birth/Age : |
20.05.1973 |
|
Date of Appointment : |
26.08.2008 |
|
DIN No.: |
02281141 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Sigma Byte Computers Private Limited, |
30000 |
|
Alkesh Sevantibhai Gandhi |
5000 |
|
Ketan Chandrakant Kothari |
5000 |
|
Deepak Sreenivas |
5000 |
|
Prakash Gururao |
5000 |
|
Total |
50000 |
As on: 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
60.00 |
|
Directors or relatives of Directors |
40.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged into the business of providing infrastructure
in the field of Audio, Video Equipments including professional grade
equipments such as editing control unit, special effect instruments etc. and
video conferencing, tale presence, tale communications etc and development of
software and offering solutions consisting of hardware, software, and
intelligent property rights. |
|
|
|
|
Products : |
v
Audio Equipments v
Video Equipments v
Cable and Connectors |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
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Bankers : |
Not Divulged |
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Facilities : |
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|
Banking
Relations : |
-- |
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|
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|
Auditors : |
|
|
Name : |
Mukesh P. Shah and Company Chartered Accountants |
|
Address : |
32/34, Damodar Niwas, Block No.12,
2nd Floor, C.P. Tank Road, Mumbai – 400004, Maharashtra,
India |
|
Tel No : |
91-22-23886293/ 23822633 |
|
Email : |
|
|
PAN No. : |
AAGFM5242C |
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|
|
|
Holding Company : |
Sigma Byte Computers Private Limited CIN No.: U72100MH1999PTC119928 Address: H-11/12, Paragon Condominium, Paragon Textiles
Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai – 400 013, |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
|
|
|
|
|
The reconciliation of number
of shares outstanding and the amount of share capital is set-out below.
|
Particulars |
As at March 31, 2012 |
|
|
|
No Shares |
Rs. in Millions |
|
At the Beginning of the year |
50000 |
0.500 |
|
Issued during the year |
-- |
-- |
|
Cancellation of shares |
-- |
-- |
|
Outstanding
at the end of the year |
50000 |
0.500 |
The Company has one class of equity shares having a par value of Rs.10 per share. Each holder of equity shares is entitled to one vote per share. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the company after distribution of all preferential amounts in proportion to their shareholdings.
The company has not allotted any class of shares for consideration other than cash, or bonus shares or bought back any of its shares during the period of last five financial years.
Shares Hold by Holding Company:
|
Name of the holder |
31.03.2012 |
|
|
|
No of Shares |
Rs. In Millions |
|
|
|
|
|
Sigma-Byte Computers Private Limited |
30000 |
0.300 |
|
|
|
|
Details of the
shareholders holding more than 5% of the shares in the company:
|
Name of the holder |
31.03.2012 |
|
|
|
No of Shares |
% of Holding |
|
Sigma-Byte Computers Private Limited |
30000 |
60.00 |
|
Prakash Gururao |
5000 |
10.00 |
|
Deepak Sreenivas |
5000 |
10.00 |
|
Alkesh
Sevantibhai Gandhi |
5000 |
10.00 |
|
Ketan Chandrakant Kothari |
5000 |
10.00 |
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
0.500 |
0.500 |
|
(b) Reserves & Surplus |
|
19.237 |
2.046 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
19.737 |
2.546 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
2.230 |
0.000 |
|
(d) long-term
provisions |
|
5.907 |
1.344 |
|
Total Non-current
Liabilities (3) |
|
8.137 |
1.344 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
2.566 |
13.400 |
|
(b) Trade
payables |
|
31.876 |
41.453 |
|
(c) Other
current liabilities |
|
24.301 |
24.949 |
|
(d) Short-term
provisions |
|
0.576 |
0.000 |
|
Total Current
Liabilities (4) |
|
59.319 |
79.802 |
|
|
|
|
|
|
TOTAL |
|
87.193 |
83.692 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
5.351 |
1.937 |
|
(ii)
Intangible Assets |
|
0.098 |
0.055 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
1.011 |
1.489 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
6.460 |
3.481 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
4.142 |
6.432 |
|
(c) Trade
receivables |
|
65.467 |
69.307 |
|
(d) Cash
and cash equivalents |
|
5.839 |
0.927 |
|
(e)
Short-term loans and advances |
|
4.808 |
1.842 |
|
(f) Other
current assets |
|
0.477 |
1.703 |
|
Total
Current Assets |
|
80.733 |
80.211 |
|
|
|
|
|
|
TOTAL |
|
87.193 |
83.692 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
7.500 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
(8.898) |
|
|
NETWORTH |
|
|
(1.398) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
2.505 |
|
|
TOTAL BORROWING |
|
|
2.505 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1.107 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
2.369 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
2.036 |
|
|
Sundry Debtors |
|
|
9.493 |
|
|
Cash & Bank Balances |
|
|
0.511 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
1.682 |
|
Total
Current Assets |
|
|
13.722 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
2.478 |
|
|
Other Current Liabilities |
|
|
12.395 |
|
|
Provisions |
|
|
0.111 |
|
Total
Current Liabilities |
|
|
14.984 |
|
|
Net Current Assets |
|
|
(1.262) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1.107 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Operating Income |
|
141.035 |
37.613 |
|
|
|
Other Income |
|
4.574 |
4.585 |
|
|
|
TOTAL |
|
145.609 |
42.198 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
101.265 |
25.620 |
|
|
|
Operating & Other Expenses |
|
27.871 |
17.102 |
|
|
|
Selling & Distribution Expenses |
|
0.482 |
0.241 |
|
|
|
TOTAL |
|
129.618 |
42.963 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
15.991 |
(0.765) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
1.435 |
0.548 |
|
|
|
|
NA |
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
14.556 |
(1.313) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.662 |
0.792 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
13.894 |
(2.105) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
2.950 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
|
10.944 |
(2.105) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Commission |
NA |
4.250 |
4.404 |
|
|
TOTAL EARNINGS |
NA |
4.250 |
4.404 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
NA |
218.87 |
(42.10) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
7.51 |
(4.99) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
9.85 |
(5.59) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
16.90 |
(13.08) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.70 |
(0.83) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.13
|
5.26 |
(1.79) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.36
|
1.00 |
0.91 |
LOCAL AGENCY FURTHER INFORMATION
NOTE:
Current Maturities
of Long Term Debt Is Not Available
|
Sr. No. |
Check
List by Info Agents |
Available in Report (Yes / No) |
|
1] |
Year
of Establishment |
Yes |
|
2] |
Locality
of the firm |
Yes |
|
3] |
Constitutions
of the firm |
Yes |
|
4] |
Premises
details |
No |
|
5] |
Type
of Business |
Yes |
|
6] |
Line
of Business |
Yes |
|
7] |
Promoter's
background |
Yes |
|
8] |
No.
of employees |
No |
|
9] |
Name
of person contacted |
Yes |
|
10] |
Designation
of contact person |
Yes |
|
11] |
Turnover
of firm for last two years |
Yes |
|
12] |
Profitability
for last two 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 |
No |
|
19] |
Payments
terms |
No |
|
20] |
Export
/ Import details (if applicable) |
No |
|
21] |
Market
information |
---------------------- |
|
22] |
Litigations
that the firm / promoter involved in |
---------------------- |
|
23] |
Banking
Details |
NO |
|
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 |
UNSECURED LOAN:
|
Particulars |
31.03.2012 [Rs.
in Millions] |
31.03.2011 [Rs.
in Millions] |
|
Short Term
Borrowing |
|
|
|
From holding company repayable on demand |
0.000 |
13.400 |
|
Loan from Bank (loan taken 18.30% for business purpose on 10.02.2012 for 15 months of
Rs. 2.500 millions) |
1.983 |
0.000 |
|
|
|
|
|
Total |
1.983 |
13.400 |
FIXED ASSETS:
- Computer
- Motor Car
- Office
Equipments
- Furniture and
Fixture
- Lease Hold
Improvements
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 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.60.74 |
|
|
1 |
Rs.92.05 |
|
Euro |
1 |
Rs.80.60 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.