MIRA
INFORM REPORT
|
Report Date : |
01.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
MICROLINK SOLUTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
70, Nalanda Complex, Vastrapur, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
04.06.1996 |
|
|
|
|
Com. Reg. No.: |
04-029818 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 2.275 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30009GJ1996PTC029818 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMM002543B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is a Network Consultant, System Integrator and a Complete IT
Solutions Provider. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 130000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Overall financial position of the company is sound. However, trade relations are reported to be fair. Business is active.
Payments are reported to be usually correct. The company can be considered normal for business dealing 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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
The worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under control,
said the agency. Ratings firm Crisil has forecast 6 % growth for 2014/15 up
from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous
year. The drop in India was steeper at 21 %. State run carrier Air India
is doling out free tickets to its 24000 employees, even as it expects to incur
a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a
one-fourth share in total jobs created, according to a study by industry lobby
group Assochem, Banks, real estate, automobile and telecommunications sectors
are showing a rise of job creation. $ 805 mn investments by venture capital
firms in India during 2013, registering a drop of about 18 % over the previous
year. The Information Technology and IT-Enabled Services Industry retained
its status as the favourable venture capital investors in 2013. Pakistan has
temporarily banned gold imports for the second time in six months, as it tries
to stem smuggling into India. India’s import duty on gold is 10 % and curbs on
purchases have dried up legal imports into what used to be the world’s biggest
bullion buyers. The World Gold Council puts the amount smuggled into India at
upto 200 tonnes in 2013. The Reserve Bank of India has proposed that unclaimed
bank deposits estimated to be about Rs 35000 mn be used for education and
awareness among depositors. According to the plan, deposits that have not
been claimed for at least 10 years will be transferred to the scheme.
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. Pinakin Shah |
|
Designation : |
Finance and Accounts |
|
Contact No.: |
91-79-26927683 |
|
Date : |
28.02.2014 |
LOCATIONS
|
Registered Office/ Project Office : |
70, Nalanda Complex, Vastrapur, Premchand Nagar Road, Ahmedabad-
380015, Gujarat, India |
|
Tel. No.: |
91-79-26747556/ 26747561 |
|
Fax No.: |
91-79-26767597/26747561 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
10, 2nd Floor, Sarthik, Near Fun Republic Multiplex, Satellite, Ahmedabad-
380015, Gujarat, India. |
|
Tel. No.: |
91-79-26927683/ 26927684 |
|
Fax No.: |
91-79-26927686 |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
Located at: Gujarat |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Ketan Natwarlal Khimani |
|
Designation : |
Whole-time Director |
|
Address : |
E-201, Safal Parivesh, Near Prahlad Nagar Garden, Vejalpur, Ahmedabad
– 380051, Gujarat, India |
|
Date of Birth/Age : |
11.12.1965 |
|
Date of Appointment : |
04.06.1996 |
|
DIN No.: |
00874717 |
|
|
|
|
Name : |
Mr. Amit Manubhai Dave |
|
Designation : |
Whole-time Director |
|
Address : |
29, Ramnagar Society, Opposite Swami Narayan Wadi, Maninagar,
Ahmedabad- 380008, Gujarat, India |
|
Date of Birth/Age : |
29.08.1970 |
|
Date of Appointment : |
04.06.1996 |
|
DIN No.: |
00874717 |
KEY EXECUTIVES
|
Name : |
Mr. Pinakin Shah |
|
Designation : |
Finance and Accounts |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Amit Manubhai Dave (HUF) |
10 |
|
Ashvin Natwerlal Khimani (HUF) |
10 |
|
Netvision Technologies Private Limited, |
140700 |
|
Ketan Natwarlal Khimani |
86600 |
|
Natwarlal
Kushalchand Khimani-HUF |
10 |
|
Varun Ashwinbhai
Khimani |
10 |
|
Ashwin Natwarlal
Khimani |
10 |
|
Sarojben Natwarlal
Khimani |
10 |
|
Darshanben
Ashwinbhai Khimani |
10 |
|
Urja Amit Dave |
10 |
|
Amit Manubhai Dave |
10 |
|
Netserve
Technologies Private Limited, |
10 |
|
Natwarlal
Kushasalchand Khimani |
110 |
|
|
|
|
Total |
227510 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
61.84 |
|
Directors or relatives of directors |
|
38.16 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is a Network Consultant, System Integrator and a Complete IT
Solutions Provider. |
GENERAL INFORMATION
|
Customers : |
Manufacturing ·
Ingersoll Rand, Naroda, Ahmedabad ·
Dresser Rand, Naroda, Ahmedabad ·
Adani Exports Limited, ·
Adani Willmar Limited, ·
Adani Ports Limited, Ahmedabad and Mundra ·
Asea Brown Boveri and Adtranz (Transport
Division), ·
Gujarat Gas Company Limited, Ahmedabad, ·
Bosch Rexroth ( ·
Nirma Group, Nirma House, Ahmedabad ·
Nirma Soda-Ash, ·
L and T, Chiyoda and L and T Energy, ·
L and T, ECC Group ·
·
Bongaingaon Refinery, ·
Dairyden ·
AIA Engineers Limited, Ahmedabad ·
Masibus, Gandhinagar ·
Government ·
·
Sachivalaya, Gandhinagar (For Tata Telecom) ·
Physical Research Laboratory, Ahmedabad ·
·
ONGC-IRS, Chandkheda, Ahmedabad ·
ONGC, Ankleshwar (For Tata Telecom) ·
ONGC, Cambey ·
Airport Authority of ·
AG Office, Ahmedabad and ·
Center for Environment Education, Ahmedabad ·
Sabar Dairy, Himmatnagar ·
Educational
Institutes ·
·
Indian ·
National ·
Nirma Institute of Management, Ahmedabad ·
Aatmiya Institute of Tech., ·
Virani ·
SNK school, Pharmaceuticals ·
Torrent Pharma Limited, Ahmedabad ·
Cadila Pharma Limited, 4 locations in ·
Claris Life sciences Limited, Ahmedabad Banks and
Services ·
Nabard, Ahmedabad ·
Corporation Bank, 12 branches in ·
Dena Bank, 10 branches in ·
Bank of Baroda, 10 branches in ·
State Bank of ·
Bhuj Mercantile Bank, Bhuj ·
Hotel Holiday Inn, ·
Hotel Fortune Landmark, Ahmedabad ·
Times of ·
Sandesh Limited, Ahmedabad IT (Software,
ISP, MT) and Telecom ·
PCS, Gandhinagar ·
Contech Softwares, Gandhinagar ·
Avinash Infotech, Ahmedabad ·
Saral Infotech, Ahmedabad ·
Icall ( ·
Baeurer Infotech Limited, Ahmedabad ·
Fascel Limited, 6 locations in ·
Bharti Cellular, Ahmedabad ·
Tata Teleservices Limited, Ahmedabad ·
Vodafona ·
Icenet, Ahmedabad ·
Blazenet, Ahmedabad ·
Jhaveri Securities, ·
Navkar Investment, Anand ·
STPI, Gandhinagar ·
|
||||||||||||||||||
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|
||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
· ICICI Bank Limited, Ground Floor Shivalik 2, 132 Ft Ring Road, Ahmedabad - 380015, Gujarat, India · State Bank of Saurashtra, Usmanpura Branch, Ajanta Commercial Complex, Ground Floor, Ashram Road, Ahmedabad - 380001, Gujarat, India |
||||||||||||||||||
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|
||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Madhusudan C Mashruwala and Company Chartered Accountants |
|
Address : |
301, Akik, Opposite Lions Hall, Mithakhali, Ahmedabad- 380006,
Gujarat, India |
|
Tel. No.: |
91-79-26462430/ 26467183 |
|
PAN No.: |
AACFM4776H |
CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
227510 |
Equity Shares |
Rs.10/- each |
Rs.2.275
Millions |
|
|
|
|
|
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 |
2.275 |
2.275 |
2.275 |
|
(b) Reserves & Surplus |
31.562 |
24.595 |
20.672 |
|
(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) |
33.837 |
26.870 |
22.947 |
|
|
|
|
|
|
(3) Non-current
liabilities |
|
|
|
|
(a) long-term borrowings |
50.418 |
45.250 |
44.170 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
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) |
50.418 |
45.250 |
44.170 |
|
|
|
|
|
|
(4) Current
liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
46.503 |
21.358 |
19.250 |
|
(c) Other current liabilities |
1.487 |
1.850 |
0.688 |
|
(d) Short-term provisions |
2.079 |
1.387 |
2.205 |
|
Total Current
Liabilities (4) |
50.069 |
24.595 |
22.143 |
|
|
|
|
|
|
TOTAL |
134.324 |
96.715 |
89.260 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
5.813 |
2.102 |
2.420 |
|
(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 |
0.048 |
0.047 |
9.306 |
|
(c) Deferred tax assets (net) |
0.179 |
0.179 |
0.179 |
|
(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 |
6.040 |
2.328 |
11.905 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
7.741 |
7.161 |
12.320 |
|
(c) Trade receivables |
77.401 |
52.956 |
32.230 |
|
(d) Cash and cash equivalents |
13.231 |
26.177 |
22.526 |
|
(e) Short-term loans and advances |
3.819 |
2.986 |
6.474 |
|
(f) Other current assets |
26.092 |
5.107 |
3.805 |
|
Total
Current Assets |
128.284 |
94.387 |
77.355 |
|
|
|
|
|
|
TOTAL |
134.324 |
96.715 |
89.260 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
230.887 |
208.617 |
125.984 |
|
|
|
Other Income |
NA |
NA |
53.364 |
|
|
|
TOTAL |
NA |
NA |
179.348 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
173.299
(Including Depreciation) |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
0.522 |
0.523 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
NA |
6.049 |
|
|
|
|
|
|
|
|
|
|
TAX |
NA |
NA |
2.282 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
NA |
6.514 |
3.767 |
|
|
|
|
|
|
|
|
|
|
DEFERRED TAX |
NA |
NA |
0.000 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
20.672 |
16.905 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
27.186 |
20.672 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
NA |
28.63 |
7.53 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
NA
|
NA
|
2.10 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
4.80
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA
|
7.58
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA
|
0.26
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.49
|
1.68
|
1.92 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.56
|
3.83
|
3.49
|
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 |
2.275 |
2.275 |
2.275 |
|
Reserves & Surplus |
20.672 |
24.595 |
31.562 |
|
Net
worth |
22.947 |
26.870 |
33.837 |
|
|
|
|
|
|
long-term borrowings |
44.170 |
45.250 |
50.418 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
44.170 |
45.250 |
50.418 |
|
Debt/Equity
ratio |
1.925 |
1.684 |
1.490 |
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 |
125.984 |
208.617 |
230.887 |
|
|
|
65.590 |
10.675 |
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 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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
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 |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
Long term
borrowings |
|
|
|
Amit Manubhai Dave |
0.850 |
0.850 |
|
Amit Manubhai Dave – HUF |
6.750 |
6.750 |
|
Ashwin N. Khimani – HUF |
3.000 |
3.000 |
|
Darshanaben A. Khimani |
2.900 |
2.900 |
|
Natwarlal K. Khimani –HUF |
4.500 |
4.500 |
|
Natwerlal Kushalchand Khimani |
4.600 |
4.600 |
|
Netserve Technologies Private Limited |
3.250 |
0.600 |
|
Loan Account |
|
|
|
Netvision Technologies Private Limited |
19.450 |
19.450 |
|
Sarojben N.Khimani |
1.800 |
1.800 |
|
Urja Amitbhai Dave |
0.800 |
0.800 |
|
|
|
|
|
Total |
47.900 |
45.250 |
FINANCIAL RESULT:
The company has achieved sale of Rs. 230.887 Millions during the year.
The Company has earned Profit of after providing Depreciation of Rs. 0.522
Millions.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10317788 |
04/10/2013 * |
60,000,000.00 |
ICICI BANK LIMITED |
GROUND FLOOR SHIVALIK 2, 132 FT RING ROAD, AHMEDABAD, GUJARAT - 380015, INDIA |
B87517470 |
* Date of charge modification
FIXED ASSETS:
- Air
Conditioner
- Furniture and
fixture
- Office
Equipment
- Plant and
Machinery
- Kinetic Honda
- Motor Car
- Mobile Phone
- Computer
Software (Payroll)
- Computer
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. 62.07 |
|
|
1 |
Rs. 103.61 |
|
Euro |
1 |
Rs. 85.02 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
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 |
5 |
|
--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 |
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.