|
Report Date : |
17.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
ROSMERTA AUTOTECH PRIVATE LIMITED (w.e.f.18.02.2011) |
|
|
|
|
Formerly Known
As : |
MULTISPEED GEARS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Khasra No. 19/28, Kapashera, New Delhi – 110037 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
14.05.1987 |
|
|
|
|
Com. Reg. No.: |
55-027962 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.12.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1987PTC027962 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELM14621F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCM3554B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing IT Solutions and Preparation, Printing and Personalization
of Vehicle Registrations Certificate and manufacturer of speed Governor, Vehicle
Tracking Devices etc. |
|
|
|
|
No. of Employees
: |
65 (Approximately) (In Office + In Factory) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (38) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 670000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The
management of the company has failed to file its financials with the
government department for the year 2012. Mr. Arun Sharma, Accounts Manager has provided all details to us.
However, financial are verified. As per previous year’s record, the company is found to be performing
well. Trade relations are reported as decent. Business is active. Payment
terms are slow but correct. The company can be considered for business dealings with slight
caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
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. Arun Sharma |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9218671893 |
|
Date : |
14.01.2013 |
LOCATIONS
|
Registered Office : |
Khasra No. 19/28, Kapashera, New Delhi – 110037, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9218671893 (Mr. Arun Sharma) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Factory: |
Plot No. 5, 1st Floor, Khasra No. 171, Sector 5,
Parwanoo-173220, Himachal Pradesh, India |
|
Tel No.: |
91-1792-645242/645232 |
|
|
|
|
Corporate Office 1 : |
153, III Floor, Leela Building, Okhla Industrial Estate, Phase III, New Delhi-110020, India |
|
Tel. No.: |
91-11-41000055 |
|
Fax No.: |
91-11-40516033 |
|
|
|
|
Corporate Office 2 : |
137, Udyog Vihar, Phase 1, Near Shankar Chowk, Gurgaon – 122001,
Haryana, India |
|
Tel No.: |
91-124-4990800 |
DIRECTORS
As on 27.09.2011
|
Name : |
Mr. Pankaj Madan |
|
Designation : |
Director |
|
Address : |
C-322, New Panchwati, Ghaziabad-201001, Uttar Pradesh, India |
|
Date of Birth/Age : |
06.08.1971 |
|
Date of Appointment : |
18.08.2008 |
|
DIN No.: |
02614589 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74899DL1987PTC027962 |
ROSMERTA
AUTOTECH PRIVATE LIMITED |
Director |
18/08/2008 |
18/08/2008 |
- |
Active |
NO |
|
2 |
U72200MH2006PLC161565 |
ROSMERTA
TECHNOLOGIES LIMITED |
Director |
30/09/2011 |
14/12/2010 |
- |
Active |
NO |
|
3 |
U32107DL2011PTC214902 |
ROSMERTA
ENGINEERING PRIVATE LIMITED |
Director |
28/02/2011 |
28/02/2011 |
- |
Active |
NO |
|
4 |
U72900DL2009PTC194622 |
KKH
TECHNOLOGIES PRIVATE LIMITED |
Director |
05/04/2011 |
05/04/2011 |
- |
Active |
NO |
|
5 |
U67190DL2011PTC223751 |
ROSMERTA
HOLDINGS PRIVATE LIMITED |
Director |
16/08/2011 |
16/08/2011 |
15/10/2012 |
Active |
NO |
|
6 |
U74999OR2002PTC006895 |
RAYSONS
MID ROAD SIGN CRAFT PRIVATE LIMITED |
Director |
01/10/2011 |
01/10/2011 |
26/12/2011 |
Active |
NO |
|
7 |
U74300HR2003PTC040456 |
ALBIREO
TELEMATICS PRIVATE LIMITED |
Director |
28/09/2012 |
02/01/2012 |
- |
Active |
NO |
|
8 |
U35990DL2012PTC233839 |
ROSMERTA
HSRP VENTURES PRIVATE LIMITED |
Director |
31/03/2012 |
31/03/2012 |
- |
Active |
NO |
|
9 |
U51109WB2007PTC114071 |
AGOMONI
TRADECOMM PRIVATE LIMITED |
Director |
24/08/2012 |
24/08/2012 |
- |
Active |
NO |
|
Name : |
Mr. Sandeep Malik |
|
Designation : |
Director |
|
Address : |
70-B Single Storey, Ramesh Nagar, New Delhi-110015, D, India |
|
Date of Birth/Age : |
15.12.1971 |
|
Date of Appointment : |
30.06.2009 |
|
DIN No.: |
02698183 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74899DL1987PTC027962 |
ROSMERTA
AUTOTECH PRIVATE LIMITED |
Director |
30/06/2009 |
30/06/2009 |
- |
Active |
NO |
|
2 |
U72200MH2006PLC161565 |
ROSMERTA
TECHNOLOGIES LIMITED |
Director |
07/08/2009 |
07/08/2009 |
- |
Active |
NO |
|
3 |
U51109WB1994PTC066101 |
MIRADOR
COMMERCIAL PRIVATE LIMITED |
Additional
director |
16/12/2010 |
16/12/2010 |
23/03/2011 |
Active |
NO |
|
4 |
U32107DL2011PTC214902 |
ROSMERTA
ENGINEERING PRIVATE LIMITED |
Director |
28/02/2011 |
28/02/2011 |
- |
Active |
NO |
|
5 |
U72900DL2009PTC194622 |
KKH
TECHNOLOGIES PRIVATE LIMITED |
Director |
05/04/2011 |
05/04/2011 |
- |
Active |
NO |
|
6 |
U67190DL2011PTC223751 |
ROSMERTA
HOLDINGS PRIVATE LIMITED |
Director |
16/08/2011 |
16/08/2011 |
- |
Active |
NO |
|
7 |
U35990DL2012PTC233839 |
ROSMERTA
HSRP VENTURES PRIVATE LIMITED |
Director |
31/03/2012 |
31/03/2012 |
- |
Active |
NO |
|
8 |
U51109WB2007PTC114071 |
AGOMONI
TRADECOMM PRIVATE LIMITED |
Director |
24/08/2012 |
24/08/2012 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Arun Sharma |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Rosmerta Technologies Limited, India |
|
1199900 |
|
Pankaj Madan |
|
100 |
|
Total |
|
1200000 |
Equity Share Break up (Percentage of Total Equity)
As on 27.09.2011
|
Category |
Percentage |
|
Bodies corporate |
99.99 |
|
Directors or relatives of Directors |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing IT Solutions and Preparation, Printing and Personalization of
Vehicle Registrations Certificate and manufacturer of speed Governor, Vehicle
Tracking Devices etc. |
|
|
|
|
Products : |
· Speed Governor (Fuel Based) · Speed Governor (Cable / Actuator Type) · GPS Based Variable Speed Governor (VSG) (Patent Pending) · Variable Speed Governor With Tracker (VSG + VTS) · Vehicle Tracking System (VTS) |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Speed Limiting Devices |
Nos. |
NA |
NA |
16495 |
GENERAL INFORMATION
|
Customers : |
End Users |
|||||||||
|
|
|
|||||||||
|
No. of Employees : |
65 (Approximately) (In Office + In Factory) |
|||||||||
|
|
|
|||||||||
|
Bankers : |
IClCl Bank Limited, Delhi,
India |
|||||||||
|
|
|
|||||||||
|
Facilities : |
(Rs. in Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Dass Gupta and Associates Chartered Accountants |
|
Address : |
NDG Centre, B 4, Gulmohar Park, New Delhi – 110049, India |
|
PAN.: |
AAAFD5804D |
|
|
|
|
Holding and Up-Stream Holding Companies: |
·
Rosmerta Technologies Limited, India ·
Rosmerta Technologies (Holding) Limited, UK
(RTHL) |
|
|
|
|
Ultimate Holding
Company: |
·
. Lotus Global investment Limited- Mauritius |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1200000 |
Equity Shares |
Rs.10/- each |
Rs.12.000
Millions |
|
|
|
|
|
Note: Of the above Shares 12,00,000 shares of Rs.10 each are held by Rosmerta Technology Limited. And
512,000 Nos. of shares of One Pound each are hold by ultimate holding company.
Lotus Global investment Limited- Mauritius as certified by the management.
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 |
12.000 |
12.000 |
2.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
156.416 |
138.839 |
25.808 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
168.416 |
150.839 |
27.808 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1.056 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
27.250 |
|
|
TOTAL BORROWING |
1.056 |
0.000 |
27.250 |
|
|
DEFERRED TAX LIABILITIES |
0.00 |
0.000 |
0.012 |
|
|
|
|
|
|
|
|
TOTAL |
169.472 |
150.839 |
50.070 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
8.948 |
7.959 |
7.096 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.561 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
15.227
|
5.502
|
12.338 |
|
|
Sundry Debtors |
132.765
|
76.632
|
16.188 |
|
|
Cash & Bank Balances |
13.282
|
58.931
|
23.838 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
11.144
|
10.002
|
8.407 |
|
Total
Current Assets |
172.418
|
151.067
|
60.771 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
5.655
|
2.913
|
5.576 |
|
|
Other Current Liabilities |
1.522
|
0.147
|
1.096 |
|
|
Provisions |
5.278
|
5.484
|
6.125 |
|
Total
Current Liabilities |
12.455
|
8.544
|
12.797 |
|
|
Net Current Assets |
159.963
|
142.523
|
47.974 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.357 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
169.472 |
150.839 |
55.070 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
89.474 |
77.366 |
24.043 |
|
|
|
Other Income |
1.016 |
2.909 |
14.336 |
|
|
|
TOTAL (A) |
90.490 |
80.275 |
38.379 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
50.163 |
37.524 |
11.065 |
|
|
|
Increase/(Decrease) in Stock |
(3.743) |
0.409 |
4.614 |
|
|
|
Administrative Expenses |
18.515 |
12.778 |
6.099 |
|
|
|
TOTAL (B) |
64.935 |
50.711 |
21.778 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
25.555 |
29.564 |
16.601 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.243 |
0.088 |
0.203 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
25.312 |
29.476 |
16.398 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.551 |
2.107 |
2.278 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
21.761 |
27.369 |
14.120 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
4.184 |
4.338 |
4.083 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
17.577 |
23.031 |
10.037 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
45.383 |
22.352 |
12.315 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
45.383 |
22.352 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
14.65 |
11.21 |
5.02 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
95.000 |
Expected Sales (2012-2013): Rs.130.000 Millions
The above information has been parted by Mr. Arun Sharma
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
19.42
|
28.69
|
26.15 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
24.32
|
35.38
|
58.73 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.62
|
17.21
|
0.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.18
|
0.50 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.08
|
0.05
|
1.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
13.84
|
17.68
|
4.74 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
32] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
NOTE
Registered office of the company has been
shifted from 153, III Floor, Leela Building, Okhla Industrial Estate, Phase III, New Delhi-110020,
Delhi, India to the present address w.e.f.02.04.2012
CONTINGENT
LIABILITIES NOT PROVIDED FOR IN RESPECT OF: (As on 31.03.2011)
Bank Guarantee issued to Government Authorities: Rs.0.545 Million
FIXED ASSETS:
· Computers
· Office Equipments
· Plant And Machinery
· Motor Vehicle
· Furniture And Fixtures
· Intangible Assets
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.54.83 |
|
|
1 |
Rs.87.99 |
|
Euro |
1 |
Rs.72.83 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
38 |
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.