MIRA
INFORM REPORT
|
Report Date : |
09.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
ORIENT TECHNOLOGIES PRIVATE LIMITED |
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Registered
Office : |
2 and 3 Niraj Industrial Estate, Off |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
04.07.1997 |
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Com. Reg. No.: |
11-109219 |
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Capital Investment
/ Paid-up Capital : |
Rs.110.000 Millions |
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CIN No.: [Company Identification
No.] |
U64200MH1997PTC109219 |
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PAN No.: [Permanent Account No.] |
AAACO2654F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of Computer Peripherals they also provide Networking and IT
Solutions. |
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No. of Employees
: |
1000 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (46) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Positon of the liquidity company is decent.
Performance of the company has improved. Trade relation reported to be fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealing at usual trade
terms and conditions. Note: Mr. Alkesh, Finance manager has
provided provisional financial statement for the year 2013 and 2014. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
The services sector, the largest contributor to India’s GDP, contracted
for the sixth consecutive month in December, as orders dipped. However, hiring
has risen. Direct tax collections rose 12.3 % during the April – December
period of the current financial year. The government has decided to retain
100 per cent foreign direct investment in both greenfield
(new) and brown field (existing) pharmaceutical companies, despite concerns
over genetic drugs going out of production, if multi-national companies take
over domestic ones. In M&A deals, a non compete clause would not be
allowed, except in special circumstances. The Department of Industrial Policy
and Promotion plans to release the next edition of its consolidated foreign
direct investment policy document on March 31, incorporating changes made in
the past year. DIPP compiles all policies related to India’s FDI regime into a
single document to make it easy for investors to understand. 185 million
estimated number of mobile internet users in India by June 2014, according to a
report by the Internet & Mobile Association of India and IMRB
International. India had 110 million mobile internet users with 25
million in rural areas. $3.77 tn estimated global IT
spending in 2014, according to research firm Gartner Inc. The growth forecast
for this year is cut to 3.1 %from the earlier estimate of 3.5 %. The spending
growth forecast for telecom services – a segment that accounts for more than 40
% at total IT spending – from 1.9 per cent to 1.2 per cent is the main reason
for this overall IT cut. A Reserve Bank of India committee has recommended
setting up a special category of lenders who would cater to small businesses
and households, to expand the number of customers with access to banking
services. These banks would focus onproviding payment
services and deposit products. Indian banks want the free use of
automated teller machines to be capped at five transactions in a month
including that of the bank in which the account is active. This follows state
government order to banks to install security guards at ATM booths after a
woman banker was assaulted in Bangalore. The government is likely to present a
vote on Account in mid-February. The annual Economic Survey will be tabled
later in Parliament along with the full Budget. A full Budget for 2014/15 is
likely to be present in July by the new government formed after the General
Election. The government will soon launch an internet spy system, called Netra, to detect malafide
messages. Security agency will deploy the system to capture dubious voice
traffic on applications such as Skype and Google
Talk, as well as tweeters.
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
|
Name : |
Mr. Alkesh Wandre |
|
Designation : |
Financial Manager |
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Contact No.: |
91-9769008781 |
|
Date : |
08.07.2014 |
LOCATIONS
|
Registered Office : |
2 and 3 Niraj Industrial Estate, Off Mahakali
Caves Road, Andheri (East), Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-24960808/
88/ 89 |
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Mobile No.: |
91-9769008781 (Mr. Alkesh Wandre ) |
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Fax No.: |
91-22-55021180/
24921016/ 42928800 |
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E-Mail : |
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Website : |
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Location : |
Rented |
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Branch Office : |
502, 5th Floor, Ackruti
Star, Central Road, Andheri (East) Mumbai - 400093,
Maharashtra, India |
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Tel. No.: |
91-22-42928888 |
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E-Mail : |
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Branch Office : |
Located at: · Ahmedabad · Delhi · Bangalore · Hyderabad · Kolkata · Pune |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Ajay Baliram Sawant |
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Designation : |
Director |
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Address : |
10/101, Mahada Housing Board, Oshiwara,
Andheri (West), Mumbai – 400058, Maharashtra, India |
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Date of Birth/Age : |
06.05.1967 |
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Qualification : |
B.E. |
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Date of Appointment : |
04.07.1997 |
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PAN No.: |
AHAPS0035J |
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DIN No.: |
00111001 |
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Name : |
Mr. Ujwal Arvind Mhatre |
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Designation : |
Director |
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Address : |
10/201 Mahada Housing Board, Oshiwara, Andheri (West),
Mumbai – 400058, Maharashtra, India |
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Date of Birth/Age : |
07.03.1968 |
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Qualification : |
D.I.E |
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Date of Appointment : |
04.07.1997 |
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PAN No.: |
AAMPM4645B |
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DIN No.: |
00111148 |
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Name : |
Mr. Jayesh Manoharlal
Shah |
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Designation : |
Director |
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Address : |
09/201, 2nd Floor, Mahada Housing Board, Oshiwara,
Andheri (West), Mumbai – 400058, Maharashtra, India |
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Date of Birth/Age : |
07.03.1968 |
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Qualification : |
B.E. |
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Date of Appointment : |
04.07.1997 |
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PAN No.: |
AAKPS1107Q |
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DIN No.: |
00111598 |
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Name : |
Mr. Umesh Navnitlal
Shah |
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Designation : |
Director |
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Address : |
23, Nupur, 2nd Floor, J. V. P. D.
Scheme, Near Gulmohar, Cross Road No. 4, Mumbai –
400049, Maharashtra, India |
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Date of Birth/Age : |
02.09.1969 |
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Qualification : |
B.E. |
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Date of Appointment : |
04.07.1997 |
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PAN No.: |
AAEPS3008A |
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DIN No.: |
00111751 |
KEY EXECUTIVES
|
Name : |
Mr. Alkesh Wandre |
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Designation : |
Financial Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Ajay Baliram Sawant |
|
2750000 |
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Umesh Navnitlal Shah |
|
2750000 |
|
Ujjwal Arvind Mhatre |
|
2750000 |
|
Jayesh Manoharlal Shah |
|
2750000 |
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Total |
|
11000000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
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Directors or relatives of directors |
|
100.00 |
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Total
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|
100.00 |
%2009-Jul-2014_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
Trader of Computer Peripherals they also provide Networking and IT
Solutions. |
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Products : |
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Agencies Held : |
·
HP ·
DELL ·
LENOVO ·
D’LINK |
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Exports : |
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Products : |
·
Computer ·
Peripherals |
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Countries : |
·
Singapore |
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Terms : |
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Selling : |
Credit |
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Purchasing : |
Credit |
GENERAL INFORMATION
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Suppliers : |
Ingram Micro India Private Limited |
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Customers : |
·
Aditya Birla ·
Ambuja Cement ·
Ashok Leyland ·
Bosh ·
BMC ·
Blue Star ·
Deloitte ·
DHL ·
Essar ·
Fame ·
NIIT |
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No. of Employees : |
1000 (Approximately) |
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Bankers : |
· Vasai Vikas Sahakari Bank Limited, Head Office, Samaj Mandir, Opposite New English High School, Vasai - 401201, Maharashtra, India · Citibank N. A., Trent House, 2nd Floor, G Block, Plot No. C60, Bandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India Tel No.: 91-22-28232265 · J P Morgan · HDFC Bank Limited · Reserve Bank of India |
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Facilities : |
Fund and Non
Fund: Rs. 65.000 Millions (From Citibank) (Rs. In Millions)
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Santosh G. Ghag and Company Chartered Accountants |
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Address : |
14/CD, Kakubhai Manchharam Building,
Ground Floor, Zaobawadi, Thakurdwar,
Mumbai – 400002, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAFPG1909B |
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Associates : |
Orient HR Consultants Private Limited U74999MH2003PTC142615 |
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Joint Venture : |
All Time IT Solutions Private Limited |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
11000000 |
Equity Shares |
Rs.10/- each |
Rs.110.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
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|
11000000 |
Equity Shares |
Rs.10/- each |
Rs.110.000 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
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|
|
|
(1)Shareholders' Funds |
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(a) Share Capital |
110.000 |
110.000 |
110.000 |
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(b) Reserves &
Surplus |
142.348 |
117.167 |
98.274 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
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Total Shareholders’ Funds
(1) + (2) |
252.348 |
227.167 |
208.274 |
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(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
65.553 |
71.380 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
2.767 |
1.539 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
68.320 |
72.919 |
0.000 |
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
66.250 |
77.099 |
88.685 |
|
(b) Trade payables |
155.477 |
174.495 |
90.748 |
|
(c) Other current
liabilities |
24.863 |
13.889 |
0.148 |
|
(d) Short-term provisions |
0.360 |
0.410 |
1.241 |
|
Total Current Liabilities
(4) |
246.950 |
265.893 |
180.822 |
|
|
|
|
|
|
TOTAL |
567.618 |
565.979 |
389.096 |
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
106.126 |
98.105 |
17.711 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
21.759 |
3.651 |
1.127 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.411 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
127.885 |
101.756 |
19.249 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
64.812 |
47.799 |
43.270 |
|
(c) Trade receivables |
288.818 |
342.957 |
279.236 |
|
(d) Cash and cash
equivalents |
14.913 |
13.145 |
4.708 |
|
(e) Short-term loans and
advances |
71.190 |
60.322 |
42.633 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
439.733 |
464.223 |
369.847 |
|
|
|
|
|
|
TOTAL |
567.618 |
565.979 |
389.096 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1254.532 |
1232.563 |
|
|
|
Other Income |
0.207 |
1.926 |
|
|
|
TOTAL (A) |
1254.739 |
1234.489 |
1111.998 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
|
|
|
|
Purchases of
Stock-in-Trade |
846.520 |
845.621 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(17.013) |
(4.529) |
|
|
|
Employees benefits
expense |
215.545 |
191.769 |
|
|
|
Other expenses |
146.368 |
153.701 |
|
|
|
TOTAL (B) |
1191.420 |
1186.562 |
1079.454 |
|
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|
|
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|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
63.319 |
47.927 |
Including Financial &
|
|
|
|
|
|
Depreciation
|
|
Less |
FINANCIAL EXPENSES (D) |
4.207 |
4.028 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION (C-D) (E) |
59.112 |
43.899 |
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
8.042 |
4.922 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
51.070 |
38.977 |
32.544 |
|
|
|
|
|
|
|
Less |
TAX (I) |
16.531 |
13.692 |
9.443 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-I) (J) |
34.539 |
25.285 |
23.101 |
|
|
|
|
|
|
|
|
Earnings Per Share (Rs.) |
NA |
2.30 |
NA |
%2009-Jul-2014_files/image003.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
2.75 |
2.05 |
2.08 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.07 |
3.16 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.36 |
6.93 |
8.40 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.17 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth)
|
|
0.52 |
0.65 |
0.43 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.78 |
1.75 |
2.05 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
110.000 |
110.000 |
110.000 |
|
Reserves & Surplus |
98.274 |
117.167 |
142.348 |
|
Net worth |
208.274 |
227.167 |
252.348 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
71.380 |
65.553 |
|
Short term borrowings |
88.685 |
77.099 |
66.250 |
|
Total borrowings |
88.685 |
148.479 |
131.803 |
|
Debt/Equity ratio |
0.426 |
0.654 |
0.522 |
%2009-Jul-2014_files/image005.gif)
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
1111.998 |
1234.489 |
1254.532 |
|
|
|
11.015 |
1.624 |
%2009-Jul-2014_files/image007.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
1111.998 |
1234.489 |
1254.532 |
|
Profit |
23.101 |
25.285 |
34.539 |
|
|
2.08% |
2.05% |
2.75% |
%2009-Jul-2014_files/image009.gif)
LOCAL AGENCY FURTHER INFORMATION
CURRENT
MATURITIES OF LONG-TERM DEBT DETAILS – 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 |
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 two years |
Yes |
|
12] |
Profitability for last two 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 |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOAN
(Rs. In Millions)
|
Particular |
As on 31.03.2013 |
|
SHORT-TERM
BORROWINGS |
|
|
Loans and advances from related parties |
4.500 |
|
|
|
|
Total |
4.500 |
INDEX OF CHARGES
|
S.No |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10410763 |
26/02/2013 * |
80,000,000.00 |
VASAI VIKAS SAHAKARI BANK LIMITED |
HEAD OFFICE : SAMAJ MANDIR, OPP. NEW ENGLISH HIGH SCHOOL, VASAI, MAHARASHTRA - 401201, INDIA |
B71853246 |
|
2 |
10185603 |
30/03/2012 * |
65,000,000.00 |
CITIBANK N. A. |
TRENT HOUSE, 2ND FLOOR, G BLOCK, PLOT NO.C60, BANDRA KURLA COMPLEX, BANDRA (E), MUMBAI, MAHARASHTRA - 400051, INDIA |
B37043536 |
|
3 |
10111790 |
06/07/2009 * |
8,800,000.00 |
CITI BANK N.A. |
CITI TOWER, 61, DR. S.S. RAO ROAD, PAREL, MUMBAI, MAHARASHTRA - 400012, INDIA |
A64917081 |
|
4 |
90141361 |
22/09/2004 |
5,000,000.00 |
CITI BANK |
CITI TOW ER, PAREL, MUMBAI, MAHARASHTRA - 400001, INDIA |
- |
|
5 |
90141242 |
12/03/2004 |
5,056,000.00 |
PUNJAB AND MAHARASHTRA CO-OP BANK LIMITED |
264;GURUDWARA BUILDING, SBS MARG FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
- |
|
6 |
90142979 |
01/11/2002 * |
1,258,000.00 |
PUNJAB AND MAHARASHTRA CO-OP BANK LIMITED |
264;GURUDWARA BUILDING, SBS MARG FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
- |
|
7 |
90147493 |
07/12/2000 * |
1,258,000.00 |
PUNJAB AND MAHARASHTRA COOP BANK LIMITED |
264; SRS MARG, FORT, MUMBAI, MAHARASHTRA, INDIA |
- |
* Date of charge modification
FIXED ASSETS
· Buildings
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Computer Equipments
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 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.59.80 |
|
|
1 |
Rs.102.42 |
|
Euro |
1 |
Rs.81.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
46 |
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.