MIRA
INFORM REPORT
|
Report Date : |
12.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
OMNE AGATE SYSTEMS PRIVATE LIMITED (w.e.f. 21.04.2008) |
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Formerly Known
As : |
OMNI AGATE SYSTEMS PRIVATE LIMITED |
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Registered
Office : |
No.99 Greams Roadiind Floor M.N. Complex Chennai-600006, Tamilnadu |
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Country : |
India |
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Financials (as
on) : |
30.06.2010 |
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Date of
Incorporation : |
28.04.2000 |
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Com. Reg. No.: |
18-044856 |
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Capital Investment
/ Paid-up Capital : |
Rs. 146.000 millions |
|
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CIN No.: [Company Identification
No.] |
U29151TN2000PTC044856 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Measuring Instruments. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
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 3600000 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record. The financials of 2011 and 2012 are not made available. As per old
[2012] the company was found normal for business dealings. However, business is active. Payment terms are unknown. 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.
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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 : |
No.99 Greams Roadiind Floor M.N. Complex Chennai-600006, Tamilnadu,
India |
|
Tel. No.: |
91-44-28294550 / 1 / 2 / 3 / 4 |
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Fax No.: |
91-44-28294555 |
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E-Mail : |
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Website : |
DIRECTORS
As on 26.10.2007
|
Name : |
Mr. Ilanghovan Ramajayam |
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Designation : |
Managing director |
|
Address : |
40/1, ABM Avenue, Boat Club Road, R.A. Puram, Chennai – 600028, Tamilnadu, India |
|
Date of Appointment : |
28.04.2000 |
|
DIN No.: |
00369936 |
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|
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Name : |
Mr. Muthusubramanian Ganesan |
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Designation : |
Whole-time director |
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Address : |
Old No 12, New No 8, 79th Street, 18th Avenue, Ashok Nagar, Chennai – 600083, Tamilnadu, India |
|
Date of Appointment : |
26.04.2007 |
|
DIN No.: |
02622500 |
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|
|
Name : |
Mr. Ravichandran Nagappapillai Sivagnanam |
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Designation : |
Whole-time director |
|
Address : |
D-9, IIIrd Floor, Vysali Apartments, No 17, Nair Road, T- Nagar, Chennai – 600017, Tamilnadu, India |
|
Date of Appointment : |
01.11.2004 |
|
DIN No.: |
02721965 |
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|
Name : |
Mr. Vicco syiem |
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Designation : |
Director |
|
Address : |
R-I-Bhoi, Sub Divisional East, Khasi Hills, Meghalaya, India |
|
Date of Appointment : |
30.01.2003 |
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|
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Name : |
Mr. P. Raja rao |
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Designation : |
Director |
|
Address : |
No 6, 54th Avenue, 11th Lane, Ashok Nagar, Chennai – 600083, Tamilnadu, India |
|
Date of Appointment : |
26.04.2007 |
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|
Name : |
Mr. M. Chakravarthy |
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Designation : |
Director |
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Address : |
No 2, Luz Avenue, Saraswathi Apartments, Mylapore, Chennai – 600004, Tamilnadu, India |
|
Date of Appointment : |
26.04.2007 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
Not Available
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Measuring Instruments. |
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
· IDBI Bank Limited, No.7, Chevalier Shivaji Ganesan Salai,, South Boag Road, T.Nagar,, Chennai - 600017, Tamilnadu, India · Dena Bank Nungambakkam Branch, No.103, Uthamar Gandhi Salai, Nungambakkam, Chennai - 600034, Tamilnadu, India · Industrial Development Bank of India Limited , Chennai Main Branch, 115 Anna Salai, Saidapet, Cheenai-600015, Tamilnadu, India · ICICI Bank Limited, Chennai Main Branch, 298, Anna Salai, Chennai-600002, Tamilnadu, India · Bank of Maharashtra, Mount Road Branch, 603, Annasalai, Chennai-600006, Tamilnadu, India · Kotak Mahindra Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
BCB and Company Chartered Accountants |
|
Address : |
New No.10, Warren Road, 1st Floor, Mylapore,
Chennai-600004, Tamilnadu, India |
|
PAN No.: |
AAFPB9193A |
CAPITAL STRUCTURE
As on 30.06.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1490000 |
Equity Shares (with voting rights) |
Rs.100/- each |
Rs. 149.000 millions |
|
10000 |
Equity Shares (without voting rights) |
Rs.100/- each |
Rs. 1.000 million |
|
|
Total |
|
Rs. 150.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1450000 |
Equity Shares (with voting rights) |
Rs.100/- each |
Rs. 145.000 millions |
|
10000 |
Equity Shares (without voting rights) |
Rs.100/- each |
Rs. 1.000 million |
|
|
Total |
|
Rs. 146.000 million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
30.06.2010 |
30.06.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
146.000 |
146.000 |
146.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
757.041 |
564.416 |
238.082 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
903.041 |
710.416 |
384.082 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
583.569 |
546.835 |
368.465 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
2.182 |
|
|
TOTAL BORROWING |
583.569 |
546.835 |
370.647 |
|
|
DEFERRED TAX LIABILITIES |
4.309 |
0.000 |
15.337 |
|
|
|
|
|
|
|
|
TOTAL |
1490.919 |
1257.251 |
770.066 |
|
|
|
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|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
552.210 |
443.039 |
384.474 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
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DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
398.298
|
241.985 |
94.985 |
|
|
Sundry Debtors |
613.903
|
640.795 |
346.991 |
|
|
Cash & Bank Balances |
51.795
|
34.143 |
66.593 |
|
|
Other Current Assets |
48.204
|
27.781 |
54.285 |
|
|
Loans & Advances |
75.169
|
90.739 |
0.000 |
|
Total
Current Assets |
1187.369
|
1035.443 |
562.854 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
144.788
|
|
147.783 |
|
|
Other Current Liabilities |
11.101
|
28.397 |
|
|
|
Provisions |
92.771
|
32.469 |
29.479 |
|
Total
Current Liabilities |
248.660
|
221.231 |
177.262 |
|
|
Net Current Assets |
938.709
|
814.212 |
385.592 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1490.919 |
1257.251 |
770.066 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
30.06.2010 |
30.06.2009 |
31.03.2008 |
|
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SALES |
|
|
|
|
|
|
|
Income |
1366.132 |
1286.403 |
1015.754 |
|
|
|
Other Income |
NA |
5.398 |
6.057 |
|
|
|
TOTAL (A) |
NA |
1291.801 |
1021.811 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Materials Consumed etc. |
|
737.552 |
556.454 |
|
|
|
Excise Duties and Taxes on Products |
NA |
9.299 |
50.202 |
|
|
|
Manufacturing Expenses |
|
24.397 |
9.516 |
|
|
|
Personnel Expenses |
|
33.964 |
33.515 |
|
|
|
Administration Charges |
|
22.481 |
26.129 |
|
|
|
Selling and Distribution Expenses |
|
19.535 |
55.054 |
|
|
|
TOTAL (B) |
NA |
847.228 |
730.870 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) |
NA |
444.573 |
290.941 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
66.788 |
43.390 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
377.785 |
247.551 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
NA |
43.528 |
27.269 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
267.290 |
334.257 |
220.282 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
74.665 |
8.249 |
25.231 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
192.625 |
326.008 |
195.051 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
25.224 |
41.296 |
42.216 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
131.93 |
223.29 |
133.60 |
|
KEY RATIOS
|
PARTICULARS |
|
30.06.2010 |
30.06.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
NA
|
25.24 |
19.09 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
19.57
|
25.98 |
21.69 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
36.14
|
22.61 |
23.25 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30
|
0.47 |
0.57 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.65
|
0.77 |
0.97 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.78
|
4.68 |
3.16 |
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 |
No |
|
9] |
Name of person contacted |
No |
|
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 |
No |
|
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 |
No |
|
30] |
Major Shareholders, if
available |
No |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
No |
|
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 |
COMPANY PROSPECT
The company has made a turnover of Rs.1366.100 millions as against the turnover of Rs.1286.400 millions in the preceding year.
The company has confirmed orders worth Rs.1322.800 millions in hand and the growth potential is phenomenal.
The company has participated in oil tenders backed up by World Bank in states such as Assam, Jammukashmir. West Bengal, Madhya Pradesh, Karnataka, Haryana, Maharashtra, Kerala, Tamilnadu, Rajasthan, etc. with a prospective order value of Rs. 10000.000 millions in pipeline.
The company, while aggressively continuing to build sustainable competitiveness in the business of digital energy metering systems, has evolved an innovative offering to it's clients (Power utilities) OLDMS (Online Distribution Management System] using, advanced digital infra structure. By using a combination of state of the art technology in monitoring and control equipment, latest Communication Technologies and software capabilities coupled with years of experience in the distribution side, the company is in a position to offer an innovative end to end solution offering following benefits to the utilities
On line, real lime monitoring of the entire distribution from a single control station.
Identify and pin point pockets where losses ore abnormal, to enable corrective action.
To the extent possible, avoid human interference in measurement / reading of consumption.
Monitoring and controlling (system driven, PLC controlled) of Power quality like Imbalance and Power factor; so that the distribution is optimized; Enabling proper voltages and uninterrupted supply to consumers.
Any time availability of data enables, faster collection cycle and improved revenue to the utility.
Incidentally, this is the very essence of APDRP Programme, as envisaged by their Government and is receiving substantial attention term: of Funding and reformation etc.
"End - End solution to reduce ATC losses. Optimized and Quality distribution of Electricity, Improved revenue to the Board and progress towards CDM ~ Carbon Credit".
COMPANY'S PERFORMANCE
The year, being the Nineth year of commercial operations concluded with the company registering a Post-tax piofit of Rs.192.600 millions. These results were achieved through collective efforts of management and ail the employees of the company on productivity, quality maintenance thereby strengthening i,e goodwill of the company.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U29151TN2000PTC044856 |
|
Name of the company |
OMNE AGATE SYSTEMS PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
No.99 Greams Roadiind Floor M.N. Complex Chennai-600006, Tamilnadu, India Email: omniagate@eth.net.in |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
80031270 |
|
Type of charge |
· Book debts · Movable property (not being pledge) |
|
Particular of charge holder |
IDBI Bank Limited, No.7, Chevalier Shivaji Ganesan Salai,, South Boag Road, T.Nagar,, Chennai - 600017, Tamilnadu, India Email: r.sridhar@idbi.co.in |
|
Nature of instrument creating charge |
1). Supplemental deed of hypothecation dated 14-06-2012. |
|
Date of instrument Creating the charge |
14.06.2012 |
|
Amount secured by the charge |
Rs. 1090.000 millions |
|
Brief of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As per sanction letter dated 09.06.2012. Terms of Repayment As per sanction letter dated 09.06.2012. Margin As per sanction letter dated 09.06.2012. Extent and Operation of the charge The bank agrees to increase the aggregate limit in respect of the facilities to the Borrower from Rs. 740.000 millions to Rs. 1090.000 millions |
|
Short particulars of the property or asset(s) charged (including complete address and location of the property) |
PRIMARY: 1.Pari passu charge on current assets of the company 2.Pari passu charge on fixed assets of the company,excluding assets purchased out of ECB loan sanctioned by ICICI Bank. COLLATERAL: Second charge on the office property at Vepery,Chennai,approximately valued at around Rs.30.00 Cr. to be subsequently upgraded to first charge on paripassu basis. |
|
Date of instrument modifying the charge |
30.03.2009 |
|
Particulars of the present modification |
Type of Facility Existing Revised (Rs. In millions) (Rs. In millions) Cash Credit 240.000 44.00 Clean Bill Discounting (40.000) (40.000) (inner Limit to CC) Letter of Credit/BG 500.000 650.000 Total 740.000 1090.000 |
CONTINGENT
LIABILITIES:
(Rs. in millions)
|
PARTICULARS |
30.06.2010 |
|
Bank Guarantees |
516.168 |
|
Letter of Credit |
140.749 |
FIXED ASSETS
·
Plant and Machinery
·
Tools
·
Office Equipment
·
Furniture and Fittings
·
Computer
·
Vehicle
·
Building
PRESS RELEASE
OMNE AGATE
BAGS ORDER FROM UTTAR HARYANA BIJLI VITRAN NIGAM TO IMPLEMENT INDIA'S FIRST GPRS-BASED
METERING SYSTEM
To conduct Online Energy Audits for 19000 Distribution Transformers
Chennai, December 23, 2009: Omne Agate Systems, a Chennai-headquartered technology solution provider focusing on Online Energy Management Solutions, today announced the winning of a prestigious order from Uttar Haryana Bijli Vitran Nigam Limited (UHBVN) to implement India's first GPRS-based Metering System. Omne Agate has been chosen by UHBVN to conduct Online Energy Audits for 19000 Distribution Transformers for the next 3 years.
This contract is in compliance with the Restructured Accelerated Power
Development and Reforms Programme (R-APDRP) of the Ministry of Power. With a
budget of about Rs. 55,000 crores, R-APDRP is a Government of India initiative
for reduction of ATandC losses through automated processes. Distribution
Transformer Metering and Automated Meter Reading are the primary steps towards
reduction of ATandC losses, and use of GPRS technology is the latest
advancement in the Metering domain.
Omne Agate is an established market leader in the Automated Meter Reading (AMR)
space with an existing installation base of more than 35000 AMR units, and
another 18000 units under implementation across various utilities in India. The
company's innovative and cost-effective solutions have helped many utilities
improve power quality, reduce losses and move towards Clean Development
Mechanism/ Carbon Credit.
Commenting on the win, Mr. K R Ilanghovan, Managing Director, Omne Agate
Systems, said, "Over the last decade, we have built a strong customer base
among electricity boards across the country and have emerged as a market leader
in the AMR space. GPRS-enabled Metering is a revolution in the AMR space and a
timely technology solution to address India's power deficit issue. We are proud
to be pioneers in the building and implementation of this technology. In the
forthcoming financial year, we will look at growing our footprint in the
private sector."
CMT REPORT (Corruption, Money Laundering and 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 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.54.29 |
|
|
1 |
Rs.81.08 |
|
Euro |
1 |
Rs.70.61 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
SCORE and RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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 and 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.