MIRA
INFORM REPORT
|
Report Date : |
26.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
NETWORK TECHLAB ( |
|
|
|
|
Registered
Office : |
Unit-41, Near Paper Box Company, Sarvodaya Industrial Estate, Mahakali
Caves Road, Andheri (East), Mumbai - 400093, Maharashtra |
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|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
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|
|
Date of
Incorporation : |
29.11.2000 |
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|
Com. Reg. No.: |
11-129795 |
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|
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Capital
Investment / Paid-up Capital : |
Rs. 4.200
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900MH2000PTC129795 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMN07194F / MUMH07194F |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCN2665A |
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|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
IT Consultant and Service Provider for Network Security, Data Backup,
UPS. |
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|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 166600 |
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|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having a moderate track record.
Profitability of the company seems to be low. External borrowing appears to
be huge. However, trade relations are reported to be fair. Business is active.
Payments are reported to be slow but correct. The company can be considered for business dealings with some caution.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 [PARTIAL DETAILS]
|
Name : |
Mr. Pinto |
|
Designation : |
Finance Department |
|
Contact No.: |
91-22-66814141 |
|
Date : |
24.07.2013 |
LOCATIONS
|
Registered Office : |
Unit-41, Near Paper Box Company, Sarvodaya Industrial Estate, Mahakali
Caves Road, Andheri (East), Mumbai - 400093, Maharashtra, India |
|
Tel. No.: |
91-22-66814141/ 40564141 |
|
Fax No.: |
91-22-66814150/ 80 |
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E-Mail : |
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|
Website : |
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|
Location : |
Owned |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Atul Hansraj Gosar |
|
Designation : |
Director |
|
Address : |
17, Yogeeta, Co-Operative Housing Society, Daulat Nagar, Borivali
(East), Mumbai - 400066, Maharashtra, India |
|
Date of Birth/Age : |
12.05.1972 |
|
Date of Appointment : |
29.11.2000 |
|
DIN No.: |
01116285 |
|
|
|
|
Name : |
Mr. Haresh Jivraj Gada |
|
Designation : |
Director |
|
Address : |
6, Keshav, Golibar Road, Jagdusha Nagar, Ghatkopar (West), Mumbai -
400086, Maharashtra, India |
|
Date of Birth/Age : |
14.06.1972 |
|
Date of Appointment : |
29.11.2000 |
|
DIN No.: |
01116806 |
|
|
|
|
Name : |
Mrs. Bina Haresh Gada |
|
Designation : |
Director |
|
Address : |
6, Keshav, Golibar Road, Jagdusha Nagar, Ghatkopar (West), Mumbai -
400086, Maharashtra, India |
|
Date of Birth/Age : |
18.12.1972 |
|
Date of Appointment : |
29.11.2000 |
|
DIN No.: |
01116844 |
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|
|
|
Name : |
Mrs. Veena Atul Gosar |
|
Designation : |
Director |
|
Address : |
17, Yogeeta CHSL, 6th Road, Daulat Nagar, Borivali (East),
Mumbai - 400060, Maharashtra, India |
|
Date of Appointment : |
29.11.2000 |
|
DIN No.: |
01359718 |
KEY EXECUTIVES
|
Name : |
Mr. Pinto |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
% of Shares |
|
Haresh Jivraj Gada |
147500 |
35.12 |
|
Atul Hansraj Gosar |
147500 |
35.12 |
|
Bina Haresh Gada |
12500 |
2.98 |
|
Veena Atul Gosar |
12500 |
2.98 |
|
Jivraj Gada HUF |
25000 |
5.95 |
|
Javer J. Gada |
24870 |
5.92 |
|
Hansraj K. Gosar |
25000 |
5.95 |
|
Vijayaben Hansraj Gosar |
24870 |
5.92 |
|
Others |
260 |
0.06 |
|
|
|
|
|
Total |
420000 |
100.00 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
IT Consultant and Service Provider for Network Security, Data Backup,
UPS. |
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|
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Terms : |
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Selling : |
Credit |
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Purchasing : |
Credit |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||||
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||||||||||||||||||||||||
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Bankers : |
The North Kanara G. S. B. Co-Operative Bank Limited, Laxmi
Sadan, 361, V. P. Road, Girgaum, Mumbai - 400004, Maharashtra, India |
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Facilities : |
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Banking Relations
: |
-- |
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Auditors : |
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|
Name : |
K. Gala and Associates Chartered Accountants |
|
Address : |
12-A, Singapuri Building, 609, J S S Road, Mumbai – 400002, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAEFK1326P |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
420,000 |
Equity Shares |
Rs. 10/- each |
Rs. 4.200
Millions |
|
|
|
|
|
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 |
|
4.200 |
3.000 |
|
(b) Reserves & Surplus |
|
37.451 |
28.617 |
|
(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) |
|
41.651 |
31.617 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
13.098 |
16.151 |
|
(b) Deferred tax liabilities (Net) |
|
2.514 |
2.360 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
15.612 |
18.511 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
122.253 |
94.298 |
|
(b)
Trade payables |
|
49.338 |
25.550 |
|
(c)
Other current liabilities |
|
1.406 |
0.103 |
|
(d) Short-term
provisions |
|
4.726 |
2.876 |
|
Total Current Liabilities
(4) |
|
177.723 |
122.827 |
|
|
|
|
|
|
TOTAL |
|
234.986 |
172.955 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
35.000 |
36.021 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.206 |
0.206 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.222 |
0.122 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
35.428 |
36.349 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
64.032 |
41.686 |
|
(c)
Trade receivables |
|
102.285 |
64.833 |
|
(d) Cash
and cash equivalents |
|
0.972 |
1.191 |
|
(e)
Short-term loans and advances |
|
32.226 |
28.892 |
|
(f) Other
current assets |
|
0.043 |
0.004 |
|
Total
Current Assets |
|
199.558 |
136.606 |
|
|
|
|
|
|
TOTAL |
|
234.986 |
172.955 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
3.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
24.780 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
27.780 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
5.840 |
|
|
2] Unsecured Loans |
|
|
38.161 |
|
|
TOTAL BORROWING |
|
|
44.001 |
|
|
DEFERRED TAX LIABILITIES |
|
|
1.686 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
73.467 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
31.215 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.294 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
32.863 |
|
|
Sundry Debtors |
|
|
45.641 |
|
|
Cash & Bank Balances |
|
|
0.338 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
11.663 |
|
Total
Current Assets |
|
|
90.505 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
22.906 |
|
|
Other Current Liabilities |
|
|
23.749 |
|
|
Provisions |
|
|
1.892 |
|
Total
Current Liabilities |
|
|
48.547 |
|
|
Net Current Assets |
|
|
41.958 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
73.467 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
497.639 |
384.170 |
179.417 |
|
|
|
Other Income |
1.639 |
0.878 |
59.126 |
|
|
|
TOTAL |
499.278 |
385.048 |
238.543 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
422.562 |
|
|
|
|
|
Changes in inventories of finished goods, work in progress and
stock-in-trade |
(22.346) |
(8.823) |
|
|
|
|
Employee benefits Expenses |
43.237 |
30.872 |
|
|
|
|
Other Expenses |
27.011 |
20.951 |
|
|
|
|
TOTAL |
470.464 |
361.574 |
232.928 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
28.814 |
23.474 |
[Including
Financial and Depreciation Expenses] |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
12.379 |
8.679 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
16.435 |
14.795 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
10.262 |
8.856 |
|
|
|
|
|
|
|
|
|
|
|
EXCEPTIONAL ITEM
|
0.004 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
6.169 |
5.939 |
5.615 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.135 |
2.102 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
4.034 |
3.837 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
13.43 |
12.79 |
NA |
|
%20PRIVATE%20LIMITED%20-%20230187%2026-Jul-2013_files/image001.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.81
|
1.00 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.24
|
1.55 |
3.13 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.63
|
3.44 |
4.61 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.19 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.25
|
3.49 |
1.58 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.12
|
1.11 |
1.86 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT : 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 |
Yes |
|
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 |
No |
|
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 |
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 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10206251 |
23/02/2010 |
5,000,000.00 |
NKGSB CO-OPERATIVE BANK LIMITED |
LAXMI SADAN, 361, V.P. ROAD, GIRGAUM, MUMBAI - 400004, MAHARASHTRA, INDIA |
A80705551 |
|
2 |
10182069 |
29/09/2009 |
5,100,000.00 |
NKGSB CO-OPERATIVE BANK LIMITED |
LAXMI SADAN, 361, V. P. ROAD, GIRGAUM, MUMBAI - 400004, MAHARASHTRA, INDIA |
A71807333 |
|
3 |
10103976 |
11/07/2012 * |
70,000,000.00 |
NKGSB CO-OPERATIVE BANK LIMITED |
LAXMI SADAN, 361, V.P. ROAD, GIRGAUM, MUMBAI - 400004, MAHARASHTRA, INDIA |
B45274198 |
|
4 |
10144709 |
06/06/2011 * |
39,250,000.00 |
NKGSB CO-OPERATIVE BANK LIMITED |
LAXMI SADAN, 361, V. P. ROAD, GIRGAUM, MUMBAI - 400004, MAHARASHTRA, INDIA |
B17385626 |
|
5 |
80016368 |
29/09/2006 * |
4,000,000.00 |
NKGSB CO-OPERATIVE BANK LIMITED |
LAXMI SADAN, 361, V. P. ROAD, GIRGAUM, MUMBAI - 400004, MAHARASHTRA, INDIA |
A09360629 |
|
6 |
80016369 |
11/07/2012 * |
84,250,000.00 |
NKGSB CO-OPERATIVE BANK LIMITED |
LAXMI SADAN, 361, V.P. ROAD, GIRGAUM, MUMBAI - 400004, MAHARASHTRA, INDIA |
B45274867 |
* Date of charge modification
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
SHORT-TERM
BORROWINGS |
|
|
|
Other loans and advances [Unsecured loan from Relatives and Friends] |
67.850 |
59.405 |
|
Total |
67.850 |
59.405 |
FIXED ASSETS:
·
Buildings
·
Furniture and Fixture
·
Vehicles
·
Computer
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. 58.94 |
|
|
1 |
Rs. 90.48 |
|
Euro |
1 |
Rs. 77.87 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
36 |
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.