MIRA INFORM REPORT
|
Report Date : |
09.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
SONETEL SOFTWARE SERVICES PRIVATE LIMITED |
|
|
|
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Registered
Office : |
6-B, Teja Paradise, Vengalrao Nagar, Near E-Seva Centre, Hyderabad –
500038, Telangana |
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|
Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
02.12.2009 |
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|
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Com. Reg. No.: |
01-066074 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200TG2009FTC066074 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDS26140C |
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PAN No.: [Permanent Account No.] |
AANCS6387E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Provider of Computer Software and
Software Development. |
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|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 13000 |
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|
Status : |
Small Business |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is a subsidiary of “Sonetel Aktiebolag”. It is a small company
in its field. Its scale of activities are limited. Trade relations are fair. Business is active. Payment terms are
reported as slow but correct. In view of parental support, the subject can be considered for
business dealings at usual trade terms and conditions. |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
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
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US initial
public offering. Alibaba, which owns a stake in Weibo is expected to raise
about $ 15 billion New York this year in the highest profile Internet IPO since
Facebook’s in 2012.
Bharti Airtel has raised
Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at a
coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
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 DENIED BY
|
Name : |
Mr. Mohammed Ansar |
|
Designation : |
System Architect |
|
Contact No.: |
91-9553744000 |
|
Date : |
04.06.2014 |
LOCATIONS
|
Registered Office : |
6-B, Teja Paradise, Vengalrao Nagar, Near E-Seva Centre, Hyderabad –
500038, Telangana, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9553744000 (Mr. Mohammed Ansar) |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 16.09.2013
|
Name : |
Mr. Carl Henrik Thome |
|
Designation : |
Director |
|
Address : |
Fasanvagen 31, Nacka, Sweden 13144 |
|
Date of Birth : |
05.01.1957 |
|
Date of Appointment : |
02.12.2009 |
|
DIN No.: |
02674734 |
|
|
|
|
Name : |
Mr. Prashant Pant |
|
Designation : |
Director |
|
Address : |
219 , 219 Block 2, manasarovar Heights-2, Manovikas Nagar, Near RTC
Colony, Secunderabad – 500009, Andhra Pradesh, India |
|
Date of Birth : |
16.10.1977 |
|
Date of Appointment : |
02.12.2009 |
|
DIN No.: |
02672775 |
|
|
|
|
Name : |
Mr. Shipra Pant |
|
Designation : |
Director |
|
Address : |
219 , 219 Block 2, manasarovar Heights-2, Manovikas Nagar, Near RTC
Colony, Secunderabad – 500009, Andhra Pradesh, India |
|
Date of Birth : |
28.01.1980 |
|
Date of Appointment : |
03.12.2009 |
|
DIN No.: |
02672782 |
KEY EXECUTIVES
|
Name : |
Mr. Mohammed Ansar |
|
Designation : |
System Architect |
MAJOR SHAREHOLDERS
AS ON 16.09.2013
|
Names of Shareholders |
No. of Shares |
|
Sonetel Aktiebolag. |
9999 |
|
Carl Henrik Thome |
1 |
|
Total |
10000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 16.09.2013
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Provider of Computer Software and
Software Development. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|
|
|
|
Bankers : |
Not Divulged |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Gandhi and Gandhi Chartered Accountants |
|
Address : |
1002, Paigah Plaza, Basheerbagh, Hyderabad – 500063, Andhra Pradesh,
India |
|
PAN No.: |
AABFG9298H |
|
|
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|
Parent Company : |
Sonetel Aktiebolag |
CAPITAL STRUCTURE
AS ON 16.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.100 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
3.169 |
1.606 |
0.784 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
3.269 |
1.706 |
0.884 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.245 |
0.103 |
0.075 |
|
(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) |
0.245 |
0.103 |
0.075 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
0.000 |
0.000 |
0.000 |
|
(c) Other
current liabilities |
0.271 |
0.402 |
0.392 |
|
(d) Short-term
provisions |
0.690 |
0.507 |
0.340 |
|
Total Current
Liabilities (4) |
0.961 |
0.909 |
0.732 |
|
|
|
|
|
|
TOTAL |
4.475 |
2.718 |
1.691 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1.432 |
0.561 |
0.471 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.002 |
0.005 |
|
Total Non-Current
Assets |
1.432 |
0.563 |
0.476 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
2.527 |
1.761 |
0.143 |
|
(d) Cash
and cash equivalents |
0.315 |
0.303 |
0.799 |
|
(e)
Short-term loans and advances |
0.024 |
0.008 |
0.012 |
|
(f) Other
current assets |
0.177 |
0.083 |
0.261 |
|
Total
Current Assets |
3.043 |
2.155 |
1.215 |
|
|
|
|
|
|
TOTAL |
4.475 |
2.718 |
1.691 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
18.057 |
9.759 |
6.913 |
|
|
|
Other Income |
0.005 |
0.000 |
0.000 |
|
|
|
TOTAL
|
18.062 |
9.759 |
6.913 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employee Benefits Expenses |
|
7.270 |
5.112 |
|
|
|
Other Expenses |
|
1.172 |
0.821 |
|
|
|
TOTAL |
NA |
8.442 |
5.933 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
1.317 |
0.980 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
0.094 |
0.078 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
NA |
1.223 |
0.902 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
0.401 |
0.291 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
1.563 |
0.822 |
0.611 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
156.30 |
82.21 |
61.12 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
8.65 |
8.42 |
8.84 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA |
12.53 |
13.05 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
45.00 |
53.34 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.72 |
1.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.17 |
2.37 |
1.66 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
0.784 |
1.606 |
3.169 |
|
Net
worth |
0.884 |
1.706 |
3.269 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
6.913 |
9.759 |
18.057 |
|
|
|
41.169 |
85.029 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
6.913 |
9.759 |
18.057 |
|
Profit |
0.611 |
0.822 |
1.563 |
|
|
8.84% |
8.42% |
8.66% |
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 |
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 |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
23] |
Banking Details |
No |
|
24] |
Banking facility details |
No |
|
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: Registered office
address of the company has been shifted from 219 Block 2, manasarovar Heights
2, Manovikas Nagar, Secunderabad – 500009, Andhra Pradesh, India to the present
address w.e.f. 03.12.2009
NO CHARGES EXIST FOR COMPANY.
FIXED ASSETS:
·
Computer and software
·
Furniture
·
Hardware
·
Mobile phone
·
Printer
·
Projector
·
Fire Extinguisher
PRESS RELEASE
PBX
Provider Sonetel Extends Web Interface Capabilities to All Users
March 16, 2012
Sonetel users were greeted with some
bird chirping-, flowers blooming-, springtime worthy-news this morning as the
PBX (News - Alert)
provider announced the release of Sonetel’s “long awaited” Web interface for
regular users. With this Web interface, customers can enjoy call forwarding and
setting up personal features from any smartphone or computer.
Touted as “the easiest,
cheapest and fastest way” to get a telephony solution for your
company, Sonetel is in the midst of commemorating
its one-year anniversary, having unveiled the first version of its phone system
in late 2010. More than a year later, Sonetel has established itself as the
only company worldwide offering a free, scalable PBX service, according to
company officials.
As part of Sonetel’s free PBX
offering, companies can have an unlimited amount of users and extensions as
well as install other free IP software phones
in their iPhone, Android or Symbian (News - Alert) phones
or in their Mac and connect them all to the Sonetel phone system. Sonetel
currently offers a free Windows and Android IP phone of its own. Companies can
also connect the PBX, or business telephone system, to any phone company of
their choosing and leave the handling of incoming and outgoing calls to
Sonetel.
Yet Sonetel also offers
a variety of add-on features for an additional cost such as voice apps,
fax-to-email, SMS-to-email, outbound calls, and phone numbers in over 50
countries. These add-on features are aggressively priced, according to Henrik
Thomé, CEO of Sonetel, and Sonetel only selects premium partners when it
comes to the technology being used for incoming calls on phone numbers and for
outbound calls.
With its latest announcement,
Sonetel is now making its Web interface available to regular users as well.
Before this news, regular Sonetel users turned to Sonetel's Windows app when
changing their call forwarding since Sonetel's Web interface was previously
only available to "company admins" for configuring the phone system.
As of today, however, all
Sonetel users can sign in at sonetel.com
using a browser in their phone or computer.
Moreover, the PBX company has also created additional
“powerful tools” for administrators which will allow them to glean – in
real-time – what IP phones each user has activated.
Further, the Web interface
boasts cheaper and better phone numbers. Specifically, having a virtual office
in Madrid or Barcelona in Spain is now cheaper than a cup of coffee, according
to company officials. And, since there are more than 15,000 phone numbers
worldwide to choose from, customers quickly find the perfect phone number for
their "virtual office"
"A local phone number close
to your customers’ increases sales,” said Thomé. "As a business owner you
want an easy-to-remember number. This is why we have purchased a huge amount of
phone numbers across 50 countries - allowing you to select the number you
want."
Last week,
Thomé sat down with TMCnet to discuss the importance of a virtual phone number,
or a regular local phone number that is connected to the Internet so that calls
can be forwarded anywhere worldwide. A virtual phone number gives businesses a
strong competitive edge, especially if they are a small or medium sized
business (SMB).
With a virtual phone number,
customers can reach SMBs
seamlessly, and at no cost to them, as their calls can be routed to
any of the SMBs’ existing phone lines including their cell phone, office phone
or PBX system. Companies can also take it a step further and incorporate
advanced features such as real-time call recordings and time-of-day forwarding
for an even more all-encompassing solution.
To browse for a number now, sign
in at sonetel.com
and click on "Buy number."
In conjunction with its latest
announcement, the PBX provider is also reducing the cost of local phone numbers
in 27 countries – in some cases by 75 percent. For larger companies Sonetel is
also offering 10, 20 and 100 number series with an additional discount of up to
80 percent.
Those with old numbers
that would like to move to Sonetel can also do so, officials said.
SONETEL’S
HOSTED PBX SERVICE ENABLES SMALL BUSINESSES TO MAKE FREE CALLS
24 January 2012
Sonetel, a provider of free scalable
hosted PBX services, has recently announced that small and medium-sized
businesses “that are looking to develop a full-featured business phone system
can now do so at no cost by partnering with Sonetel.”
The Sonetel Phone System does
not demand hardware installations or additional investments. To make free
outbound, inbound and internal calls, users just need to have their phone
connected to the Internet that can be done using several devices such as
desktop phones, mobile phones and computers.
Partnering with Sonetel,
companies can create an integrated business phone system from a number of
otherwise disparate devices at no cost. This is beneficial for businesses that
don't house all employees in a singular office.
Sonetel provides a free Windows client,
which includes an interface for configuring the Sonetel Phone System. With
Sonetel Phone System users can make and receive free calls directly from
computer or they can download applications s for iPhone, Android, Mac and
Symbian to make and receive free calls over 3G and Wi-Fi. IP desktop phones can
also be connected to company’s service at no cost.
“When both parties are using
phones that are connected to the Internet, Sonetel will complete the call free
of charge. Employees can make free outbound calls to other Sonetel users and
people who have not signed up with Sontel, as long as they have a SIP address.”
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.59.20 |
|
|
1 |
Rs.99.52 |
|
Euro |
1 |
Rs.80.83 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
30 |
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.