BUSINESS INFORMATION REPORT
1. Summary Information
|
|
|
Country |
|
|
Company Name |
MATRIX COMSEC
PRIVATE LIMITED |
Principal Name 1 |
MR. DHIRENDRA RAICHAND SAVLA |
|
Status |
GOOD |
Principal Name 2 |
MR. GANESH SAVJI JIVANI |
|
|
|
Registration # |
04-034047 |
|
Street Address |
394, GIDC
MAKARPURA, VADODARA – 390 010, GUJARAT, INDIA |
||
|
Established Date |
01.05.1998 |
SIC Code |
-- |
|
Telephone# |
91-265-2630555 |
Business Style 1 |
MANUFACTURER |
|
Fax # |
91-265-2636598 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
EPBX TELECOM |
|
|
# of employees |
300 (APPROXIMATELY) |
Product Name 2 |
SECURITY PRODUCTS |
|
Paid up capital |
RS.663,500/- |
Product Name 3 |
-- |
|
Shareholders |
DIRECTORS OR RELATIVES OF DIRECTORS-100% |
Banking |
HDFC BANK
LIMITED |
|
Public Limited Corp. |
NO |
Business Period |
14YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba (54) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiary
Firm |
-- |
Matrix Comsec LLC |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
70,246,000
|
Current Liabilities |
100,515,000
|
|
Inventories |
160,530,000
|
Long-term Liabilities |
30,172,000 |
|
Fixed Assets |
204,757,000 |
Other Liabilities |
17,349,000 |
|
Deferred Assets |
90,643,000 |
Total Liabilities |
148,036,000 |
|
Invest& other Assets |
500,000 |
Retained Earnings |
377,977,000 |
|
|
|
Net Worth |
378,640,000 |
|
Total Assets |
526,676,000 |
Total Liab. & Equity |
526,676,000 |
|
Total Assets (Previous Year) |
460,583,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
658,469,000 |
Net Profit |
46,381,000 |
|
Sales(Previous yr) |
555,138,000 |
Net Profit(Prev.yr) |
83,133,000 |
MIRA
INFORM REPORT
|
Report Date : |
30.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
MATRIX COMSEC PRIVATE LIMITED (w.e.f. 09.03.2010) |
|
|
|
|
Formerly Known
As : |
MATRIX TELECOM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
394, GIDC Makarpura, Vadodara – 390 010, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
01.05.1998 |
|
|
|
|
Com. Reg. No.: |
04-034047 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.663 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200GJ1998PTC034047 |
|
|
|
|
IEC No.: |
3498001655 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
BRDM00763A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM5892Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of EPBX Telecom and Security Products. |
|
|
|
|
No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1514000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having fine track record. There appears
some dip in the profitability of the company. However, Networth of the
company is strong. General financial position of the company is good. Trade
relations are reported as fair. Business is active. Payments are reported to
be regular and as per commitment. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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.
LOCATIONS
|
Registered Office/ Head Office/ Corporate Office : |
394, GIDC Makarpura, Vadodara – 390 010, |
|
Tel. No.: |
91-265-2630555 |
|
Fax No.: |
91-265-2636598 |
|
E-Mail : |
prakash.punjabi@matrixcomsec.com tejaswini.patel@matrixtelesol.com |
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
38/39, Waghodia GIDC, Vadodara – 391 760, |
|
Tel No.: |
91-2668-262056/ 57 |
|
Fax No.: |
91-2668-262631 |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
19-GIDC, Waghodia District, Vadodara – 391 760, India |
|
Tel. No.: |
91-2668-263172/73 |
|
|
|
|
R and D Center : |
190, GIDC, Makarpura, Vadodara - 390 010, |
|
Tel. No.: |
91-265-2630555 |
|
Fax No.: |
91-265-2636598 |
|
|
|
|
Branch Office : |
Located at: ·
· UAE · USA |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Dhirendra Raichand Savla |
|
Designation : |
Whole Time Director |
|
Address : |
301, Rangilapark, Near Nehru Society, Vadodara, |
|
Date of Birth/Age : |
16.09.1964 |
|
Qualification : |
B.E. in Computer Science |
|
Date of Appointment : |
01.08.1998 |
|
DIN No.: |
00384113 |
|
|
|
|
Name : |
Mr. Ganesh Savjibhai Jivani |
|
Designation : |
Whole Time Director |
|
Address : |
2, Narsil, Mayur Vihar, Soc, Manjalpur, Vadodara, |
|
Date of Birth/Age : |
18.07.1964 |
|
Qualification : |
B.E. in Computer Science |
|
Date of Appointment : |
01.05.1998 |
|
DIN No.: |
00384165 |
KEY EXECUTIVES
|
Name : |
Mr. Prakash |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Jivani Ramesh |
150 |
|
Savla Dhirendra |
16990 |
|
Jivani Ganesh |
48650 |
|
Salva Mita |
20 |
|
Jivani Savji |
150 |
|
Salva Sushila |
240 |
|
Jivani Jaya |
150 |
|
Total
|
66350 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of EPBX Telecom and Security Products. |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
2010-11 |
|
A. Licenced Capacity |
N.A. |
|
B. Installed Capacity |
Not
Ascertainable |
|
C. Production of EPBX during the year |
89600 |
GENERAL INFORMATION
|
No. of Employees : |
300 (Approximately) |
|||||||||
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|
|
|||||||||
|
Bankers : |
·
The
Royal Bank of ·
Citi Bank ·
HDFC Bank Limited, Race Course Branch, Vadodara, ·
ING Vysya Bank ·
State Bank of ·
Kotak Mahendra Bank |
|||||||||
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|
|||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Manish Shah and Associates Chartered Accountants |
|
Address : |
38/101, Gautam Nagar, Race Course Circle, Vadodara – 390 007, Gujarat,
India |
|
Telfax No.: |
91-265-2359390/ 2337994 |
|
E-Mail : |
|
|
PAN No.: |
ABWPS4295E |
|
|
|
|
Subsidiary Firm
: |
Matrix Comsec LLC |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
66350 |
Equity Shares |
Rs.10/- each |
Rs.0.663
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.663 |
0.663 |
0.663 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
377.977 |
331.596 |
248.466 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
378.640 |
332.259 |
249.129 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
29.342 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.830 |
0.830 |
0.793 |
|
|
TOTAL BORROWING |
30.172 |
0.830 |
0.793 |
|
|
DEFERRED TAX LIABILITIES |
1.675 |
10.512 |
24.333 |
|
|
|
|
|
|
|
|
TOTAL |
410.487 |
343.601 |
274.255 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
204.757 |
206.864 |
80.060 |
|
|
Capital work-in-progress |
90.643 |
22.691 |
46.927 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.500 |
0.000 |
5.011 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
160.530
|
156.380
|
111.158
|
|
|
Sundry Debtors |
33.740
|
42.337
|
47.256
|
|
|
Cash & Bank Balances |
6.201
|
9.333
|
10.298
|
|
|
Other Current Assets |
1.053
|
0.000
|
0.000
|
|
|
Loans & Advances |
29.252
|
22.978
|
36.312
|
|
Total
Current Assets |
230.776
|
231.028 |
205.024 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
53.862 |
83.973 |
33.649 |
|
|
Other Current Liabilities |
46.653 |
9.352 |
7.337 |
|
|
Provisions |
15.674
|
23.657
|
21.781
|
|
Total
Current Liabilities |
116.189
|
116.982 |
62.767 |
|
|
Net Current Assets |
114.587
|
114.046
|
142.257 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
410.487 |
343.601 |
274.255 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
555.138 |
483.104 |
|
|
|
Other Income |
|
3.231 |
4.528 |
|
|
|
TOTAL (A) |
658.469 |
558.369 |
487.632 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed |
|
244.279 |
194.817 |
|
|
|
Manufacturing Expenses |
|
48.495 |
33.490 |
|
|
|
Employees Cost and Benefits |
|
74.196 |
75.011 |
|
|
|
Selling Expenses |
587.422 |
53.506 |
50.112 |
|
|
|
Administrative Expenses |
|
12.906 |
11.407 |
|
|
|
R and D Expenses |
|
48.893 |
35.808 |
|
|
|
Increase/ Decrease in stock |
|
(22.839) |
(18.262) |
|
|
|
TOTAL (B) |
587.422 |
459.436 |
382.383 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
71.047 |
98.933 |
105.249 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.996 |
1.122 |
1.229 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
67.051 |
97.811 |
104.020 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
20.115 |
10.543 |
9.224 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
46.936 |
87.268 |
94.796 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
9.391 |
4.135 |
35.950 |
|
|
|
|
|
|
|
|
|
Add |
Deferred tax
Assets/Liabilities |
8.836 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
46.381 |
83.133 |
58.846 |
|
|
|
|
|
|
|
|
|
Less |
PRIOR PERIOD TO
ADJUSTMENT |
0.000 |
0.003 |
0.104 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
331.041 |
247.911 |
189.169 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
377.422 |
331.041 |
247.911 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
206.291 |
152.564 |
141.506 |
|
|
TOTAL EARNINGS |
206.291 |
152.564 |
141.506 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
209.714 |
161.826 |
132.451 |
|
|
|
Traveling Expenses |
3.185 |
1.606 |
2.580 |
|
|
|
Capital Goods |
12.141 |
1.677 |
2.405 |
|
|
TOTAL IMPORTS |
225.040 |
165.109 |
137.436 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6990.35 |
1253.00 |
887.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
7.04
|
14.89
|
12.07
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.13
|
15.72
|
19.62
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.76
|
19.93
|
33.25
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12
|
0.26
|
0.38
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.31
|
0.39
|
0.25
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.99
|
1.97
|
3.26
|
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 |
No |
|
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) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED
LOAN
|
Particulars |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Loans repayable on demand |
0.830 |
0.000 |
|
From Directors |
0.000 |
0.087 |
|
From Shareholders |
0.000 |
0.743 |
|
Total |
0.830 |
0.830 |
REVIEW OF
OPERATIONS
The year under review was externally challenging. The markets witness unprecedented
turbulence in the wake of the global financial meltdown. In such a tough
situation the company has witnessed a marginal rise in turnover. The annual
turnover of the company for the year stood at 658.469 millions as against
558.355 millions recorded during the previous year Net profit reduced from
87.269 millions in the year 2010-11 to 46.936 millions for the year under
consideration. Despite passionate competition in the market of information
Technology, The Company is confident of maintaining growth by continued focus
on quality and innovation in EPABX, GSM, VOIP, Software and Access Control
along with efficient management resources.
CONTINGENT
LIABILITIES AND COMMITMENTS:
|
PARTICULAR |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
Service Tax matter under Appeal |
0.243 |
0.000 |
|
Bank Guarantee |
0.575 |
0.872 |
FIXED ASSETS:
·
Land
·
Furniture
·
Building
·
Office Equipments
·
Plant and Machinery
·
Computer
·
Electrical
·
Vehicles
·
R and D Equipment
·
Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject are
derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.70 |
|
|
1 |
Rs.84.35 |
|
Euro |
1 |
Rs.72.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
SPR |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
54 |
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.