MIRA
INFORM REPORT
|
Report Date : |
28.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
GURUJIWORLD TECHNOLOGIES PRIVATE LIMITED |
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Formerly Known
As : |
KNOWLEDGEARK SOLUTIONS PRIVATE LIMITED |
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Registered Office
: |
202, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
06.03.2007 |
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Com. Reg. No.: |
11-129736 |
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Capital
Investment / Paid-up Capital : |
Rs.2.000
Millions |
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CIN No.: [Company Identification
No.] |
U72200PN2007PTC129736 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of Computer Software Development,
Implementation, Selling, Training, etc. |
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No. of Employees
: |
Information denied 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 |
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Maximum Credit Limit : |
USD 18000 |
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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. The
profit margin appears to be low. The reserves of the company seem to be
improving. However, the company has achieved better growth in its sales. 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 DECLINED
|
Name : |
Ms. Rashmi |
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Contact No.: |
91-20-41210077 |
|
Date : |
28.06.2013 |
LOCATIONS
|
Registered Office : |
202, Fortune Building, 3rd Floor, Next to Yashada, Aundh,
Pune-411007, Maharashtra, India |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Branch Office : |
303, 3rd Floor, Vullari Building, ICICI Lane, Gulmohar
Park, Aundh, Pune-411007, Maharashtra, India |
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Tel. No.: |
91-20-41210077 |
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E-Mail : |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Girish Shrikrishna Prabhu |
|
Designation : |
Managing Director |
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Address : |
Flat No. 203, The Grace, Cosmopolitan Society, ITI Road, Pune-411007,
Maharashtra, India |
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Date of Birth/Age : |
28.07.1976 |
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Date of Appointment : |
06.03.2007 |
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Din No.: |
00212622 |
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Name : |
Sanjeevanee Girish Prabhu |
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Designation : |
Director |
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Address : |
Flat No. 203, The Grace, Cosmopolitan Society, ITI Road, Pune-411007,
Maharashtra, India |
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Date of Birth/Age : |
13.03.1980 |
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Date of Appointment : |
06.03.2007 |
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Din No.: |
02403467 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Girish Shrikrishna Prabhu |
|
178000 |
|
Sanjeevanee Girish Prabhu |
|
22000 |
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TOTAL
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|
200000 |
AS ON 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
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Category |
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Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Computer Software Development,
Implementation, Selling, Training, etc. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management. |
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Bankers : |
Bank of India,
Fergusson Road Branch, 1201, C/A, Shivajinagar, Pune-411004, Maharashtra,
India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Naresh Duseja and Company Chartered Accountants |
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Address : |
A-2/4, Sukhwani Paradise, Pimpri, Pune-411017, Maharashtra, India |
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PAN No: |
AHPPD7741P |
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Subsidiary : |
Guruji Learning
Solutions Private Limited CIN No.: U72300UR2010PTC033215 |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs.10/- each
|
Rs.2.000
Millions |
NOTES:
TERMS/ RIGHTS ATTACHED TO THE EQUITY SHARES:
The Company has
only one class of equity shares having a Par Value of Rs 10 per share. Each
holder of equity share is entitled to one vote per share. The Company declares
and pays Dividend in Indian Rupees. The Dividend proposed by the Board of
Directors is subject to the approval of the Shareholders in the ensuing Annual
General Meeting. In the event of liquidation of the company, the holders of
Equity shares will be entitled to receive remaining assets of the company after
distribution of all preferential amounts. The distribution will be in
proportion to the number of equity shares held by the shareholders.
SHARES HELD BY HOLDING/ ULTIMATE HOLDING COMPANY AND/ OR THEIR SUBSIDIARIES/
ASSOCIATES:
The Company is not the subsidiary company of any other company.
AGGREGATE NUMBER OF BONUS SHARES ISSUED OR SHARES ISSUED OTHER THAN CASH
AND SHARES BOUGHT BACK DURING THE PERIOD OF FIVE YEARS IMMEDIATELY PRECEDING
THE REPORTING DATE:
There were no such instances to be reported by the company.
DETAILS OF SHAREHOLDERS HOLDING MORE THAN 5% SHARES IN THE COMPANY AS AT
THE BALANCE SHEET DATE:
|
Particular |
As on 31.03.2012 |
|
|
|
No. of Shares |
% Holdings |
|
Girish Prabhu |
178000 |
89.00% |
|
Others |
22000 |
11.00% |
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 |
|
2.000 |
1.000 |
|
(b) Reserves & Surplus |
|
2.455 |
1.596 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
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|
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|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
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Total Shareholders’
Funds (1) + (2) |
|
4.455 |
2.596 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
5.918 |
7.793 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.068 |
0.000 |
|
(d) Long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
5.986 |
7.793 |
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|
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(4) Current Liabilities |
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|
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|
(a)
Short term borrowings |
|
4.953 |
6.892 |
|
(b)
Trade payables |
|
9.448 |
20.919 |
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(c)
Other current liabilities |
|
1.027 |
0.186 |
|
(d) Short-term
provisions |
|
1.208 |
1.809 |
|
Total Current
Liabilities (4) |
|
16.636 |
29.806 |
|
|
|
|
|
|
TOTAL |
|
27.077 |
40.195 |
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|
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II.
ASSETS |
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|
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|
(1) Non-current assets |
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|
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|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
2.092 |
1.937 |
|
(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 |
|
0.100 |
0.100 |
|
(c) Deferred tax assets (net) |
|
0.271 |
0.286 |
|
(d) Long-term Loan and Advances |
|
0.300 |
0.245 |
|
(e) Other Non-current
assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
2.763 |
2.568 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
0.000 |
5.005 |
|
(c) Trade
receivables |
|
1.797 |
29.241 |
|
(d) Cash
and cash equivalents |
|
14.453 |
0.690 |
|
(e)
Short-term loans and advances |
|
8.064 |
2.691 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
24.314 |
37.627 |
|
|
|
|
|
|
TOTAL |
|
27.077 |
40.195 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1.283 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
2.283 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
7.181 |
|
|
2] Unsecured Loans |
|
|
8.574 |
|
|
TOTAL BORROWING |
|
|
15.755 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
18.038 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
2.006 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.370 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.254 |
|
|
Sundry Debtors |
|
|
41.224 |
|
|
Cash & Bank Balances |
|
|
3.002 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
1.095 |
|
Total
Current Assets |
|
|
45.575 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
24.933 |
|
|
Other Current Liabilities |
|
|
3.971 |
|
|
Provisions |
|
|
1.009 |
|
Total
Current Liabilities |
|
|
29.913 |
|
|
Net Current Assets |
|
|
15.662 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
18.038 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
99.796 |
35.062 |
36.031 |
|
|
|
Other Income |
|
|
0.114 |
|
|
|
TOTAL (A) |
99.796 |
35.062 |
36.145 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Consumption |
|
|
24.876 |
|
|
|
Employees Cost |
|
|
4.890 |
|
|
|
Administrative Expenditure |
|
|
2.376 |
|
|
|
Selling & Distribution Expenses |
|
|
1.122 |
|
|
|
TOTAL (B) |
97.772 (including
financial expenses) |
34.329 (including
financial expenses) |
33.264 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
2.881 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
1.022 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.024 |
0.733 |
1.859 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.293 |
0.246 |
0.233 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
1.731 |
0.487 |
1.626 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.871 |
0.175 |
0.511 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
0.860 |
0.312 |
1.115 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
1.283 |
0.168 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
1.283 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
|
|
|
|
|
- Basic |
4.30 |
3.12 |
11.15 |
|
|
|
- Diluted |
4.20 |
3.12 |
11.15 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.86
|
0.89 |
3.08 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
4.51 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.48
|
1.22 |
3.42 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.39
|
0.19 |
0.71 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.44
|
5.66 |
6.90 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.46
|
1.26 |
1.52 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
|
Particulars |
31.03.2012 (Rs.
in millions) |
31.03.2011 (Rs.
in millions) |
31.03.2010 (Rs.
in millions) |
|
Sundry Creditors
|
|
|
|
|
- Other Trade Payables - Domestic |
9.448 |
20.919 |
24.933 |
|
Total |
9.448 |
20.919 |
24.933 |
|
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 |
No |
|
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 |
No |
|
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] |
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:
The registered office of the company has been shifted from 2nd Floor, Hirai Niwas, Behind Veritas Software Building, Opposite Mahabaleswar Hotel, Baner, Pune- 411045, Maharashtra, India to the present address w.e.f.04.03.2008.
BACKGROUND AND
NATURE OF OPERATIONS:
Subject was
incorporated on 7th March, 2007. The Company has its office is located in Pune.
The activities of the Company comprises of Computer Software Development,
implementation, selling, training etc.
OPERATIONS:
The Company has
recorded a turnover of Rs.99.700 millions for FY 2011-12, a 300% increase as
compared to the turnover clogged for the last Financial Year. The management
efforts toward the commitment that it made during the last financial year has
been met as all the major bigger orders for supply of the products and services
of the company were closed successfully. The management foresees that this
growth trend will continue in turnover and the profitability in the ensuing
year in view of the long terms association that The Company has built with the
potential customers and new potential opportunities are also been explored.
The Company has
got into a partnership agreement with SAP India apart from major association
with Microsoft India for trading and support services for their products.
The Company’s
Deharadun based 100% subsidiary ‘Guruji Learning Solutions Private Limited’ has
recorded a turnover of Rs.40.500 millions for FY 2011-12.
The directors have
successfully increased the share of revenues from these indigenously developed
company products as against trading business for third party products compared
to previous financial years. There is huge growth potential for the
indigenously developed products of the company, the feedback from the existing
customers adds to the enthusiasm of the directors.
The Company is
successful in increasing its presence to around 3 States and talks are on for
more States for either getting into State Rate Contracts for its products, or
getting into partnership with strong local vendors or exploring direct
association with the Governments.
The Company is
also in dialogue with the State Government in one state to accept the company
as a strategic partner and initiate capacity building of government employees
through blended learning process in its state.
The Directors have
been successful in entering into strategic alliances for the Subsidiary company
with leading companies in the E-Learning industry such as NIIT Limited, Educomp
Solutions Limited, Everonn Education Limited, Manipal-K12, Core Education and
Technologies Limited. The Directors are hopeful of presenting an even better
result for the coming years as more ties are in pipeline which will directly
increase the presence and revenue streams for the Subsidiary and indirectly for
The Company.
The Directors have
targeted a turnover of Rs.200.000 millions for the ensuing year and further
increase of 100% each year onwards.
The Company is
planning to get into partnership with private educational institutes for educational
services bundled around its own solutions over coming years through its
Subsidiary.
The Company was
able to close a small portion 5.83L of International Revenue through its
partnership with an Australian Company. This association has committed more
business for the ensuing year.
The Company
endeavors to make significant contribution towards eradication of unemployment.
They extend equal opportunity to all individuals without regard for race,
religion, colour, sex, national origin, age, disability, handicaps or veterans
status. They always find opportunities where freshers/ youth with no experience
can be hired. This also affirms their commitment to the principles of fair
employment and the elimination of all vestiges of discriminatory practices that
might exist.
|
Unsecured Loan |
As
on 31.03.2012 (Rs.
in Millions) |
As
on 31.03.2011 (Rs.
in Millions) |
|
LONG TERM BORROWINGS |
|
|
|
1. From
Subsidiary Company |
5.000 |
0.000 |
|
2. From
Directors and Share Holders |
0.918 |
7.793 |
|
Total
|
5.918 |
7.793 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10098109 |
|
Corporate
identity number of the company |
U72200PN2007PTC129736 |
|
Name of the
company |
GURUJIWORLD
TECHNOLOGIES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
202, Fortune Building, 3rd Floor, Next to Yashada, Aundh, Pune-411007,
Maharashtra, India |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
Bank of India,
Fergusson Road Branch, 1201, C/A, Shivajinagar, Pune-411004, Maharashtra,
India |
|
Nature of
description of the instrument creating or modifying the charge |
Extension of
equitable mortgage - oral assent |
|
Date of
instrument Creating the charge |
29.06.2012 |
|
Amount secured by
the charge |
Rs.15.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 4.00% above base
rate presently 14.50% p.a. with monthly rest or as notified by the bank from
time to time Terms of Repayment Repayment on
Demand Margin 40% against book
debts / receivables Extent and Operation of the charge First Charge on
mortgaged property Others CC against Book
Debts of Rs.15.000 Millions |
|
Short particulars
of the property charged |
All that piece of
land with buildings, sheds and structures standing thereon situate at Flat
no. 203, Grace Apartment, Cosmopolitan Co-operative Housing Society Limited,
S. No. 1336, Aundh, Pune 411007. |
|
Date of latest modification
prior to the present modification |
25.06.2012 |
|
Particulars of
the present modification |
Vide this
modification the company has extended security of immovable property to
secure the total limit of Rs.15.000 Millions. |
FIXED ASSETS:
·
Plant and Machinery
·
Electrical Installations
·
Computer Systems
·
Furniture and Fixtures
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 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 tansactions 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.60.59 |
|
|
1 |
Rs.92.92 |
|
Euro |
1 |
Rs.78.94 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
TPT / SMN |
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--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.