MIRA INFORM REPORT
|
Report Date : |
31.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
GUJARAT INFORMATICS LIMITED |
|
|
|
|
Registered
Office : |
Block No. 1, 8th Floor, Udyog Bhavan, Sector - 11,
Gandhinagar - 382010, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
19.02.1999 |
|
|
|
|
Com. Reg. No.: |
04-035459 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 185.143 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999GJ1999SGC035459 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMG00890B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCG5863B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Agency for IT Development |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is set up as a nodal agency for IT development in the state by
the Government of Gujarat. It is an established company having satisfactory
track record. The company possesses a healthy financial profile marked by strong
networth base along with low gearing and comfortable capital structure. Management has also reported a significant growth in its sales volume
as well as net profitability during 2013. Trade relations are fair. Business is active. Payment terms are
reported as slow but correct due to bureaucratic hurdles. In view of active support from government of Gujarat, 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.
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict
Implications: Apex court order may alter coal import dynamics. Traders go slow
on talks over coal supply contracts, uncertainty over cancellation of blocks
weigh on stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the Companies
Act is the latest manifestation of a messy fight between a father and his
adopted son for the control of Rs 40000 mn business empire. The Central Bureau
of Investigation arrested Manumeethi Cholan after he accepted Rs 10 lakhs as
bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to sack
another 300 employees. The lay-offs follow a spate of senior-level exits over
the past two years, starting with of its founder. The overall lay-offs could
number around 600 and are driven by the need to cut costs, says a former
employee.
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
31-03-2014.
INFORMATION DENIED
|
Name : |
Ms. Heena |
|
Designation : |
Office Executive |
|
Contact No.: |
91-79-23256022 |
|
Date : |
30.10.2014 |
LOCATIONS
|
Registered Office : |
Block No. 1, 8th Floor, Udyog Bhavan, Sector -
11, Gandhinagar - 382010, Gujarat, India |
|
Tel. No.: |
91-79-23256022 |
|
Fax No.: |
91-79-23238925 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
As on: 30.12.2013
|
Name : |
Mr. Katresal Rajarao Gururajarao |
|
Designation : |
Managing Director |
|
Address : |
A-002, Ground Floor, Adarsh Rhythm Panduranganagar, B.G. Road,
Bangalore – 560076, Karnataka, India |
|
Date of Birth/Age : |
12.06.1939 |
|
Date of Appointment : |
08.03.2010 |
|
DIN No.: |
03008081 |
|
PAN No.: |
ABPPF1884J |
|
|
|
|
Name : |
Mr. Girishchandra Murmu |
|
Designation : |
Nominee Director |
|
Address : |
Plot No.11/A, Sec-2, Near Swaminarayan Temple, Gandhinagar - 382002,
Gujarat, India |
|
Date of Birth/Age : |
22.11.1959 |
|
Date of Appointment : |
23.08.2010 |
|
DIN No.: |
00183142 |
|
|
|
|
Name : |
Mr. Aparna Subramani |
|
Designation : |
Nominee Director |
|
Address : |
Bunglow No. K-132, Sector-19, Gandhinagar – 382019, Gujarat, India |
|
Date of Birth/Age : |
14.10.1963 |
|
Date of Appointment : |
21.09.2011 |
|
DIN No.: |
03631971 |
|
|
|
|
Name : |
Mr. Akshai Krishanlal Aggarwal |
|
Designation : |
Director |
|
Address : |
Plot No. 839, Sector - 8, Ch Road, Near Church, Gandhinagar, Ahmadabad
– 382008, Gujarat, India |
|
Date of Birth/Age : |
16.09.1943 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
06781848 |
|
|
|
|
Name : |
Mr. Syed Jawaid Haider |
|
Designation : |
Director |
|
Date of Birth/Age : |
03.12.1965 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
02879522 |
|
|
|
|
Name : |
Mr. Maheswar Sahu |
|
Designation : |
Director |
|
Date of Appointment : |
23.08.2010 |
|
DIN No.: |
00034051 |
KEY EXECUTIVES
|
Name : |
Ms. Heena |
|
Designation : |
Office Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.12.2013
|
Names of Shareholders |
|
No. of Shares |
|
Gujarat State Mineral Development Corporation Limited |
|
1000000 |
|
Saedar Sarovar Narmada Nigam Limited |
|
450000 |
|
Hon’ble Governor of Gujarat |
|
17064393 |
|
|
|
|
|
Total |
|
18514393 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.12.2013
|
Category |
|
Percentage |
|
|
|
|
|
Government (Central and State) |
|
92.17 |
|
Government Companies |
|
7.83 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Agency for IT Development |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
J.H. Mehta and Company Chartered Accountants |
|
Address : |
203, Onyx Building, Near Raj – Hans Society, St. Xavier’s
College, Corner Road, Ellisbridge Ahmedabad – 380006, Gujarat, India |
|
PAN No.: |
AADFJ2616G |
CAPITAL STRUCTURE
As on: 30.12.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs. 250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18514393 |
Equity Shares |
Rs.10/- each |
Rs. 185.144 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 |
185.143 |
185.143 |
185.144 |
|
(b) Reserves & Surplus |
826.802 |
616.050 |
476.299 |
|
(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) |
1011.945 |
801.193 |
661.443 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a)
long-term borrowings |
85.896 |
94.201 |
108.040 |
|
(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) |
85.896 |
94.201 |
108.040 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
5.736 |
5.622 |
6.361 |
|
(c)
Other current liabilities |
2861.941 |
2253.951 |
2059.417 |
|
(d)
Short-term provisions |
362.200 |
242.801 |
170.700 |
|
Total
Current Liabilities (4) |
3229.877 |
2502.374 |
2236.478 |
|
|
|
|
|
|
TOTAL |
4327.718 |
3397.768 |
3005.961 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
96.936 |
97.431 |
97.580 |
|
(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 |
266.303 |
274.609 |
288.447 |
|
(c)
Deferred tax assets (net) |
0.221 |
0.195 |
0.195 |
|
(d) Long-term Loan and Advances |
5.565 |
5.518 |
5.536 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
369.025 |
377.753 |
391.758 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Trade receivables |
44.931 |
43.706 |
71.927 |
|
(d)
Cash and cash equivalents |
859.771 |
478.404 |
9.976 |
|
(e)
Short-term loans and advances |
3053.991 |
2497.905 |
2532.300 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
3958.693 |
3020.015 |
2614.203 |
|
|
|
|
|
|
TOTAL |
4327.718 |
3397.768 |
3005.961 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
416.996 |
272.671 |
71.884 |
|
|
|
Other Income |
3.476 |
0.923 |
121.081 |
|
|
|
TOTAL (A) |
420.472 |
273.594 |
192.965 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.000 |
0.000 |
(0.025) |
|
|
|
Employees benefits expense |
17.926 |
17.153 |
13.755 |
|
|
|
Other expenses |
11.973 |
5.383 |
5.840 |
|
|
|
TOTAL (B) |
29.899 |
22.536 |
19.570 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
390.573 |
251.058 |
173.395 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
38.165 |
38.407 |
36.958 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
352.408 |
212.651 |
136.437 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.765 |
0.800 |
0.836 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
351.643 |
211.851 |
135.601 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
119.374 |
72.100 |
44.943 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
232.269 |
139.751 |
90.658 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
12.55 |
7.55 |
4.90 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
55.24 |
51.08 |
46.98 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
84.33 |
77.69 |
188.64 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.66 |
6.78 |
4.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35 |
0.26 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.08 |
0.12 |
0.16 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.23 |
1.21 |
1.17 |
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 |
185.144 |
185.143 |
185.143 |
|
Reserves & Surplus |
476.299 |
616.050 |
826.802 |
|
Net worth |
661.443 |
801.193 |
1011.945 |
|
|
|
|
|
|
long-term borrowings |
108.040 |
94.201 |
85.896 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
108.040 |
94.201 |
85.896 |
|
Debt/Equity ratio |
0.163 |
0.118 |
0.085 |
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 |
71.884 |
272.671 |
416.996 |
|
|
|
279.321 |
52.930 |
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 |
71.884 |
272.671 |
416.996 |
|
Profit |
90.658 |
139.751 |
232.269 |
|
|
126.12% |
51.25% |
55.70% |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF CURRENT
MATURITIES OF LONG TERM DEBT: 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 |
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 |
No |
|
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 |
Yes |
|
23] |
Banking Details |
No |
|
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)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
LONG TERM
BORROWINGS |
|
|
|
Borrowing from government semi-government bodies |
85.896 |
94.201 |
|
|
|
|
|
Total |
85.896 |
94.201 |
HIGH COURT OF GUJARAT
SPECIAL CIVIL APPLICATION No. 13671 of 2013
[GROUP 13172-13716]
|
Status : PENDING |
CCIN No : 001006201411990 |
|
Next Listing Date: |
-- |
|
Coram |
- |
Not Before : |
HONOURABLE MR.JUSTICE K.M.THAKER HONOURABLE MR.JUSTICE RAJESH H.SHUKLA |
|
S.NO. |
Name of the
Petitioner |
Advocate On Record |
|
1 |
RAMESHBHAI RAMAJI THAKORE |
MR HL RAVAL for: Petitioner(s) |
|
|
|
|
|
S.NO. |
Name of the
Respondant |
Advocate On Record |
|
1 |
GUJARAT INFORMATICS LIMITED SAMIR MEHTA LABOUR COURT NO.1 VIGAIL SECURITIES |
M/S TRIVEDI & GUPTA for :Respondent(s) MR PARITOSH CALLA for :Respondent(s) |
|
|
|||
|
Presented On |
: 14/10/2014 |
Registered On |
: - |
|
Bench Category |
: - |
District |
: GANDHINAGAR |
|
Case Originated
From |
: THROUGH ADVOCATE |
Listed |
: 0 times |
|
Stage Name |
: - |
||
|
Office Objection |
|
|
Filing Stage |
WHETHER THE MEMO OF PETITION/APPEAL IS SIGNED ? WHETHER NAMES OF THE PARTIES TALLY WITH NAMES IN THE CERTIFIED COPIES ? WHETHER THE ORGINAL POSITIONS OF THE PARTIES STATED ? |
|
Classification |
SJ - CIVIL MISC. APPLICATION - CODE OF CIVIL PROCEDURE, 1908 - REVIEW / MODIFICATION / DIRECTION / EXTENSION OF TIME / CLARIFICATION |
|
Act |
CIVIL PROCEDURE CODE, 1908 |
|
Office Details |
|||||
|
S. No. |
Filing Date |
Document Name |
Advocate Name |
Court Fee on
Document |
Document Details |
|
1 |
14/10/2014 |
ADVANCE COPY OF PETITION |
M/S TRIVEDI & GUPTA ADVOCATE for RESPONDENT(s) |
0 |
M/S TRIVEDI & GUPTA(949) for R:1 - 2 |
|
2 |
14/10/2014 |
APPEARANCE NOTE |
MR HL RAVAL ADVOCATE for PETITIONER(s) |
0 |
MR HL RAVAL(1048) for P:1 |
|
3 |
14/10/2014 |
ADVANCE COPY OF PETITION |
MR PARITOSH CALLA ADVOCATE for RESPONDENT(s) |
0 |
MR PARITOSH CALLA(2972) for R:3 |
|
4 |
14/10/2014 |
MEMO OF APPEAL/PETITION/SUIT |
MR HL RAVAL ADVOCATE for PETITIONER(s) |
20 |
MR HL RAVAL(1048), for P:1 |
NOTE: NO CHARGES
EXIST FOR THE COMPANY
FIXED ASSETS
- Land
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipment’s
- Other equipment’s
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] on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.40 |
|
|
1 |
Rs. 98.21 |
|
Euro |
1 |
Rs. 77.45 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
52 |
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.