MIRA INFORM REPORT
|
Report Date : |
19.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
RALCO
SYNERGY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
#13, 1st
Stage, 1st Block, 80 Feet Road, HBR Layout, Bangalore – 560 043,
Karnataka |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
21.03.2003 |
|
|
|
|
Com. Reg. No.: |
08-031728 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.1.000
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51505KA2003PTC031728 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRR04640G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCR6880N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Trader and Importer of Computer Peripherals, Computer Parts etc. and
providing computer on rent. |
|
|
|
|
No. of Employees
: |
110 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 472000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an
established company having satisfactory track record. Overall financial
position of the company is sound and healthy. Trade relations
are reported to be fair. Business is active. Payments are reported to be
usually correct. The company can
be considered for business dealing at usual trade terms and conditions. Note: As claimed by Mr.
Anup Bidikar, Finance Manager subject was started in the year 1994 as
proprietary firm with the name Ralco International after that in the year
2003 it got converted into private limited company. |
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
NEWS
The economy grew 4.7 %in 2013/14, marking a second
straight year of sub-5 % growth – the worst slowdown in more than a quarter of
a century. The data was below an official estimate of 4.9 % annual growth and
compared with 4.5 % in the last fiscal year. However, the current account
deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product,
in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before. A
sharp fall in gold imports due to restrictions on overseas purchases and muted
import of capital goods helped shrink the current account deficit.
Online retailer Flipkart has acquired fashion
portal Myntra as it prepares to battle with the rapidly expanding India arm of
the global e-commerce giant Amazon. The company raised $ 210 million from Russian
Investment firm DST Global which has also invested in companies like Facebook,
Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune in the second half of 2014. GM was one of the
few global carmakers that was using its India plant only for the domestic
market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward
Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top
10 of the 100 slots were dominated by US companies.
Infosys lost another heavy weight when B G
Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit
after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V
Balakrishnan being the other two.While Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted
biggest quarterly loss – Rs.2153.37 crore – in the three months ended March 31,
mainly because it has been offering discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala Police had arrested Pinckney
and two company directors on charges of financial irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers with hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group,
sterns from fears that the first are providing trade secrets to the US
governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy AstraZeneca
for nearly $ 118 billion after the latter refused an offer of 55 pounds a
share.
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. Anup Bidikar |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-80-30988090 |
|
Date : |
17.06.2014 |
LOCATIONS
|
Registered Office/ Corporate Office : |
#13, 1st
Stage, 1st Block, 80 Feet Road, HBR Layout, Bangalore – 560 043,
Karnataka, India |
|
Tel. No.: |
91-80-30988000/ 30988090/ 25323636 |
|
Fax No.: |
91-80-30988099 |
|
E-Mail : |
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|
Website : |
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|
|
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Branch Office : |
Located at: ·
New Delhi ·
Navi Mumbai ·
Kolkata ·
Secunderabad ·
Chennai ·
Patna |
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|
|
|
Overseas Office : |
Room 204C, 2/F Lai Cheong Factory Building, 479-479A, Castel Peak
Road, Kowloon, Hong Kong |
|
Tel. No.: |
852-2959-3031 / 3061 |
|
Fax No.: |
852-2959-3069 |
|
E-Mail : |
DIRECTORS
AS ON 26.09.2013
|
Name : |
Mrs. Alka Raju Sureka |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
# 173, 3rd Main, 2nd Cross, HIG Layout, RMV 2nd
Stage, Bangalore – 560 094, Karnataka, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
06.09.1971 |
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Date of Appointment : |
21.03.2003 |
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DIN No.: |
00759169 |
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|
|||||||||||||||||||||||||||
|
Name : |
Mr. Raju Ram Charan Sureka |
|||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||
|
Address : |
# 173, 3rd Main, 2nd Cross, HIG Layout, RMV 2nd
Stage, Bangalore – 560 094, Karnataka, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
24.11.1962 |
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|
Date of Appointment : |
21.03.2003 |
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DIN No.: |
00759142 |
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Other Directorship:
|
||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Anup Bidikar |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Alka Sureka |
5000 |
50.00 |
|
Raju Sureka |
5000 |
50.00 |
|
Total
|
10000 |
100.00 |
AS ON 26.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Computer Peripherals, Computer Parts etc. and
providing computer on rent. |
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|
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Imports : |
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Countries : |
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Terms : |
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Selling : |
Cash and Advance |
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Purchasing : |
Cash and Advance |
GENERAL INFORMATION
|
Customers : |
Retailers and End Users ·
Accenture ·
Acer ·
Cognizant ·
Convergys ·
GE Imagination ·
HCL ·
Infosys ·
Microsoft ·
Oracle ·
Philips ·
Wipro ·
Schneider Electric |
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|
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No. of Employees : |
110 (Approximately) |
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Bankers : |
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Facilities : |
Cash Credit: Rs.25.000 millions (From Indusind Bank)
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|
|
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Banking
Relations : |
-- |
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|
|
|
Financial Institution : |
GE Money
Housing Finance Limited |
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|
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Auditors : |
|
|
Name : |
G. Bagrodia and Company Chartered Accountants |
|
Address : |
14/3, 10th C Main, Jayanagar, I Block, Bangalore – 560 011,
Karnataka, India |
|
PAN No.: |
AADFG6043L |
CAPITAL STRUCTURE
AS ON 26.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
30000 |
Equity Shares |
Rs.100/- each |
Rs.3.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.100/-
each |
Rs.1.000
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 |
1.000 |
1.000 |
1.000 |
|
(b) Reserves & Surplus |
117.065 |
99.204 |
79.789 |
|
(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) |
118.065 |
100.204 |
80.789 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
11.050 |
11.419 |
12.778 |
|
(b) Deferred tax liabilities (Net) |
4.138 |
3.531 |
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) |
15.188 |
14.950 |
12.778 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
40.584 |
47.825 |
41.719 |
|
(b)
Trade payables |
13.508 |
15.394 |
35.160 |
|
(c)
Other current liabilities |
25.228 |
24.083 |
4.209 |
|
(d)
Short-term provisions |
3.134 |
4.155 |
1.762 |
|
Total
Current Liabilities (4) |
82.454 |
91.457 |
82.850 |
|
|
|
|
|
|
TOTAL |
215.707 |
206.611 |
176.417 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
75.231 |
78.717 |
48.558 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
16.925 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
1.350 |
1.350 |
1.350 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
3.141 |
|
(d) Long-term Loan
and Advances |
2.382 |
2.248 |
2.572 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
78.963 |
82.315 |
72.546 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
14.776 |
10.387 |
9.489 |
|
(c)
Trade receivables |
95.348 |
91.178 |
78.815 |
|
(d)
Cash and cash equivalents |
3.380 |
8.536 |
3.541 |
|
(e)
Short-term loans and advances |
23.240 |
14.195 |
12.026 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
136.744 |
124.296 |
103.871 |
|
|
|
|
|
|
TOTAL |
215.707 |
206.611 |
176.417 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
359.325 |
297.598 |
255.715 |
|
|
|
Other Income |
1.671 |
0.211 |
0.645 |
|
|
|
TOTAL (A) |
360.996 |
297.809 |
256.360 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of traded goods |
244.479 |
163.800 |
152.065 |
|
|
|
Changes in inventories of stock in trade |
(4.389) |
(0.898) |
2.344 |
|
|
|
Employee benefit expenses |
25.565 |
19.751 |
18.135 |
|
|
|
Other expenses |
42.514 |
46.040 |
38.105 |
|
|
|
TOTAL (B) |
308.169 |
228.693 |
210.649 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
52.827 |
69.116 |
45.711 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
5.850 |
5.494 |
4.574 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
46.977 |
63.622 |
41.137 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
20.764 |
18.178 |
9.011 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
26.213 |
45.444 |
32.126 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
8.352 |
26.029 |
0.341 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
17.861 |
19.415 |
31.785 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Computer Peripherals |
215.679 |
103.036 |
72.477 |
|
|
TOTAL IMPORTS |
215.679 |
103.036 |
72.477 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
1786.10 |
1941.50 |
3178.45 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
390.000 |
|
|
|
|
|
The above information has been parted by Mr. Anup Bidikar (Finance Manager).
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
4.95 |
6.52 |
12.40 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.30 |
15.27 |
12.56 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.23 |
22.14 |
20.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22 |
0.45 |
0.40 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.44 |
0.59 |
0.67 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.66 |
1.36 |
1.25 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
1.000 |
1.000 |
1.000 |
|
Reserves & Surplus |
79.789 |
99.204 |
117.065 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
80.789 |
100.204 |
118.065 |
|
|
|
|
|
|
Long-term borrowings |
12.778 |
11.419 |
11.050 |
|
Short term borrowings |
41.719 |
47.825 |
40.584 |
|
Total borrowings |
54.497 |
59.244 |
51.634 |
|
Debt/Equity ratio |
0.675 |
0.591 |
0.437 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from operations |
255.715 |
297.598 |
359.325 |
|
|
|
16.379 |
20.742 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from operations |
255.715 |
297.598 |
359.325 |
|
Profit |
31.785 |
19.415 |
17.861 |
|
|
12.43% |
6.52% |
4.97% |
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 |
No |
|
17] |
Major suppliers |
No |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10157856 |
16/01/2008 |
12,200,000.00 |
GE MONEY HOUSING FINANCE
(A PUBLIC COMPANY WITH UN LIMITED LIABILITY) |
401-402 4TH FLOOR AGGARWAL
MILLENIUM TOWER, E1-2-3, SUBHASH PLACE PITAMPURA, DELHI, Delhi -
110034, INDIA |
A37832789 |
|
2 |
10008881 |
26/09/2012 * |
30,500,000.00 |
INDUSIND BANK LIMITED |
CENTENARY BUILDING, V
FLOOR, 28, M.G. ROAD, BANGALORE, KARNATAKA - 560001, INDIA |
B59654442 |
* Date of charge modification
|
Unsecured Loans |
31.03.2013 (Rs. in Millions) |
31.03.2012 (Rs. in Millions) |
|
SHORT TERM BORROWINGS |
|
|
|
From Related Parties (repayable on demand)
|
|
|
|
From Director |
7.239 |
8.196 |
|
From Related
Parties |
10.716 |
10.244 |
|
Total |
17.955 |
18.440 |
FINANCIAL RESULTS:
During the year the company
has posted gross revenues of Rs.360.996 millions as against Rs.297.809 millions
in the previous year. The profit for the year before depreciation is Rs.46.977
millions as against Rs.63.622 millions in the previous year. The net profit
after providing for depreciation is Rs.26.213 millions as compared to Rs.45.444
millions in the previous year, Increase in the turnover is basically on account
of increase in the traded goods where the profit margins are very minimal.
Further, there is a decrease in rental income from computer and peripherals,
due to which there is a reduction in the profit margin for the year. During the
year, there is an intense competition in the computer rentals segment which put
pressure on the margins. After making provision for taxes, the net profit for
the year after taxes stands at Rs.17.860 millions as compared to Rs.19.415
millions in the previous yens. However, the directors are hopeful of better
result in the current year.
As the directors have plans
to expand the business operations, which needs further funds and to conserve
the resources to meet business needs, no dividend is recommend.
Note:
The registered office of the company has been shifted from 602, North Block, Manipal Centre, 47, Dickenson Road, Bangalore – 560 001, Karnataka to the present address w.e.f. 21.10.2011.
FIXED ASSETS:
·
Land
·
Furniture and Fixtures
·
Godrej Apartments (Ralco
Guest House)
·
Hennur Road Office
Building
·
Motor Vehicles
·
Office Equipment
·
Computers and Computer
Software
·
Computer Rentals
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.60.12 |
|
|
1 |
Rs.102.00 |
|
Euro |
1 |
Rs.81.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SMN |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
6 |
|
--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 |
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 |
|
45 |
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.