MIRA INFORM REPORT
|
Report Date : |
24.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
SNC LAVALIN ENGINEERING AND TECHNOLOGY PRIVATE LIMITED (w.e.f.
17.12.2007) |
|
|
|
|
Formerly Known
As : |
PIPECON CONSLUTANTS ( |
|
|
|
|
Registered
Office : |
6th Floor, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
17.04.1986 |
|
|
|
|
Com. Reg. No.: |
11-039607 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74140MH1986PTC039607 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Provider of engineering consultancy services. |
|
|
|
|
No. of Employees
: |
85 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 27000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Profit margin of the company appears to be low. However, company operating on its own fund. General financial position
of the company seems to be fair. However, trade relations are fair. Business is active. Payment terms
are 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.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
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
The finance ministry
has started preparations for Budget 2014/15. With general elections scheduled
to be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court
has barred clinical trials for new drugs till a monitoring mechanism is put in place
to protect the lives of people on which the drugs are tested.
Mumbai has been
named the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital Helsinki bagged the top
spot for the world’s most honest city while Lisbon, the capital of Portugal,
proved to be the least honest. The survey put hundreds of people to test
in four continents to find out just how honest they were by dropping wallets
and seeing how many would be returned.
3.7 % Growth of the
core sector in August, a seven month high. This takes the overall growth in
April-August this year to 2.3 % compared with 6.3 % in the corresponding period
next financial year.
$19 million
Estimated average spending by companies across the globe including India, on
social media this year, according to a global study by information technology
major Tata Consultancy Services. This will rise to $ 24 million in 2015.
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the
spending capacity in India. Over 72 % respondents from middle and lower middle
income families would be forced to slash their Diwali expenditure by 40 % and
on average spend nearly 25 % of their monthly salary on Diwali, according to a
survey by Assochem.
Analysts believe the
shutdown of the US government would have limited impact in sectors such as IT
or tourism that are dependent on Visa clearances.
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 (GENERAL DETAILS)
|
Name : |
Ms. Sudha Shankar |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-67207000 |
|
Date : |
23.10.2013 |
LOCATIONS
|
Registered Office : |
6th Floor, Mirchandani Business Park, Sakinaka, Andheri
(East), Mumbai – 400072, Maharashtra, India |
|
Tel. No.: |
91-22-67207000 |
|
Fax No.: |
91-22-67207099 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
As on: 24.09.2012
|
Name : |
Mr. Ningileri Thazhillith Balraj |
|
Designation : |
Managing Director |
|
Address : |
508/B, Fifth Floor, Evening Star, Raheja Vihar, Powai, Mumbai – 400072, Maharashtra, India |
|
Date of Birth/Age : |
18.05.1961 |
|
Date of Appointment : |
03.02.2011 |
|
DIN No.: |
02713493 |
|
|
|
|
Name : |
Ms. Deepti Mahajan |
|
Designation : |
Managing Director |
|
Address : |
D 103/104, 1st Floor, Sub Plot 4, Lake Homes, Off ADI Shankaracharya Marg, Powai, Mumbai – 400076, Maharashtra, India |
|
Date of Birth/Age : |
25.03.1973 |
|
Date of Appointment : |
03.02.2011 |
|
DIN No.: |
02718843 |
KEY EXECUTIVES
|
Name : |
Ms. Sudha Shankar |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 24.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
SNC Lavalin Europe BV, The Netherlands |
|
4998 |
|
SNC Lavalin Engineering India Private Limited, India Joint SNC Lavalin
Europe BV |
|
2 |
|
|
|
|
|
Total |
|
5000 |
As on: 19.10.2012
|
Names of Shareholders |
|
No. of Shares |
|
SNC Lavalin Europe BV, The Netherlands |
|
5592 |
|
|
|
|
|
Total |
|
5592 |
Equity Share Break up (Percentage of Total Equity)
As on: 24.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Provider of engineering consultancy services. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
85 (Approximately) |
|
|
|
|
Bankers : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P.D. Kunte and Company Chartered Accountants |
|
Address : |
205/206, Turf Estate, Shakti Mills Lane, Off Dr. E Moses Road,
Mahalaxmi, Mumbai – 400011, Maharashtra, India |
|
PAN No.: |
AAAFP3277G |
|
|
|
|
Holding Company : |
SNC Lavalin Europe BV |
|
|
|
|
Associate Company : |
|
CAPITAL STRUCTURE
After: 19.10.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000 |
Equity Shares |
Rs.100/- each |
Rs.2.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10592 |
Equity Shares |
Rs.100/- each |
Rs.1.059 Millions |
|
|
|
|
|
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.100/- each |
Rs.1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000 |
Equity Shares |
Rs.100/- each |
Rs.0.500 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
0.500 |
0.500 |
|
(b) Reserves & Surplus |
|
6.303 |
17.701 |
|
(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) |
|
6.803 |
18.201 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
27.773 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
1.133 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
1.133 |
27.773 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
10.693 |
7.460 |
|
(c) Other current liabilities |
|
34.946 |
4.573 |
|
(d) Short-term provisions |
|
0.272 |
1.147 |
|
Total Current Liabilities
(4) |
|
45.911 |
13.180 |
|
|
|
|
|
|
TOTAL |
|
53.847 |
59.154 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
2.102 |
3.734 |
|
(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 |
|
0.019 |
0.019 |
|
(c) Deferred tax assets (net) |
|
2.052 |
1.842 |
|
(d) Long-term Loan and Advances |
|
30.779 |
24.725 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
34.952 |
30.320 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
0.000 |
0.000 |
|
(c) Trade receivables |
|
8.035 |
14.407 |
|
(d) Cash and cash equivalents |
|
0.253 |
5.000 |
|
(e) Short-term loans and advances |
|
1.224 |
1.274 |
|
(f) Other current assets |
|
9.383 |
8.153 |
|
Total Current
Assets |
|
18.895 |
28.834 |
|
|
|
|
|
|
TOTAL |
|
53.847 |
59.154 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.500 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
29.104 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
29.604 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.476 |
|
|
2] Unsecured Loans |
|
|
26.394 |
|
|
TOTAL BORROWING |
|
|
26.870 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
56.474 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
5.771 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.019 |
|
|
DEFERREX TAX ASSETS |
|
|
2.049 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000
|
|
|
Sundry Debtors |
|
|
16.129
|
|
|
Cash & Bank Balances |
|
|
16.392
|
|
|
Other Current Assets |
|
|
9.384
|
|
|
Loans & Advances |
|
|
19.909
|
|
Total
Current Assets |
|
|
61.814
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
7.072
|
|
|
Other Current Liabilities |
|
|
3.823
|
|
|
Provisions |
|
|
2.284
|
|
Total
Current Liabilities |
|
|
13.179
|
|
|
Net Current Assets |
|
|
48.635
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
56.474 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
79.329 |
74.335 |
105.982 |
|
|
|
Other Income |
0.191 |
0.488 |
1.523 |
|
|
|
TOTAL |
79.520 |
74.823 |
107.505 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
89.030 |
83.567 |
94.025 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(9.510) |
(8.744) |
13.480 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.098 |
2.126 |
3.953 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(11.608) |
(10.870) |
9.527 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(0.210) |
0.533 |
2.787 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(11.398) |
(11.403) |
6.740 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
11.496 |
22.899 |
16.159 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
0.098 |
11.496 |
22.899 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Consultancy fees & service charges |
21.601 |
25.448 |
56.076 |
|
|
TOTAL EARNINGS |
21.601 |
25.448 |
56.076 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(2279.52) |
(2280.62) |
1348.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(14.33) |
(15.24) |
6.27 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(14.63) |
(14.62) |
8.99 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(22.42) |
(18.97) |
14.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(1.71) |
(0.60) |
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
1.53 |
0.91 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.41 |
2.19 |
4.64 |
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) |
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 |
Note:
The Registered Office of the company has been shifted from Plot No A-Z,
Jitendra Indestate, Andheri Kurla Road, Andheri (East), Mumbai – 400093,
Maharashtra, India to the present address w.e.f. 18.12.2007
OPERATIONS:
The Company registered income by way of fees on consultancy and other related services, to the tune of Rs. 79.329 Millions as against Rs. 74.335 Millions in the previous year and other income of Rs. 0.191 Million as against Rs. 0.488 Million in the previous year. After providing for depreciation and tax amounting to Rs. 2.098 Millions (Previous Year - Rs. 2.126 Millions) and Rs. 0.210 Million (Previous Year Rs.0.532 Million) respectively, The Company incurred a loss of Rs. 11.398 Millions as against a loss of Rs. 11.403 Millions in the previous year.
The adverse performance could be attributed mainly to low Exports and Profits there from for various reasons. Though the Company could maintain its the level of Local Revenue, the profit level was affected due to severe competition.
During the current year the Local business is expected to improve to some extent and margin would remain more or less same that of the previous year on exercising cost control.
The Directors are making all efforts to improve the overall performance and expect to end up the F.Y 2012-13 with better results, barring unforeseen circumstances.
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As on 31.03.2012 |
As on 31.03.2011 |
|
LONG TERM
BORROWINGS |
|
|
|
From SNC Lavalin Europe BV-The Holding Company-Interest free (Excluding amount repayable within next 12 months) |
0.000 |
27.773 |
|
|
|
|
|
Total |
0.000 |
27.773 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90347622 |
14/02/2003 |
502,940.00 |
CITICORP MARUTI FINANCE LIMITED |
CITI TOWERS 61; DR. S.S. RAO ROAD PAREL, MUMBAI, MAHARASHTRA - 400012, INDIA |
- |
FIXED ASSETS
Tangible Assets
- Office Equipment
- Computers and Accessories
- Furniture and Fixtures
- Vehicles
Intangible Assets
- Software
AS PER WEBSITE DETAILS
Press Release
SNC-LAVALIN AWARDED
JOINT VENTURE CONTRACT TO FINANCE, DESIGN, BUILD, OPERATE AND MAINTAIN PORTION
OF CALGARY’S STONEY TRAIL ROAD
April 9, 2010
SNC-Lavalin is pleased to announce that Chinook Roads Partnership, its new 50/50 joint venture with Acciona, has been awarded a contract by Alberta Transportation to design, build, operate, maintain and partially finance the southeast section of Calgary’s Stoney Trail Ring Road. The contract is worth $769 million in 2010 dollars.
Under this 30-year public-private partnership (P3) contract, Chinook Roads Partnership will design and build 25 kilometres of six-lane road including nine interchanges, one road flyover, two rail flyovers and 27 bridge structures. In terms of scope, it is the largest single highway project in Alberta’s history. Once completed, the Partnership will operate and maintain the road and other existing infrastructure for the duration of the 30-year contract.
Construction is set to begin in May 2010 and the road is scheduled to be open to traffic by the fall of 2013.
“We are a Canadian leader in highway construction and we look forward to putting our expertise to work in Alberta, and to a long and successful relationship with the City of Calgary and the Province,” said Jim Burke, Executive Vice-President, SNC-Lavalin Group Inc.
SNC-Lavalin has been present in Alberta since the 1950s and now has over 1,600 employees in the Province working out of five permanent offices.
SNC-Lavalin (TSX:SNC) is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure, and in the provision of operations and maintenance services. SNC-Lavalin has offices across Canada and in over 35 other countries around the world, and is currently working in some 100 countries.
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.61.53 |
|
|
1 |
Rs.99.74 |
|
Euro |
1 |
Rs.84.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
33 |
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.