MIRA
INFORM REPORT
|
Report No. : |
334234 |
|
Report Date : |
01.08.2015 |
|
el. No.: |
+91 124 4504000 / 4199092 |
IDENTIFICATION DETAILS
|
Name : |
NOKIA SOLUTIONS AND NETWORKS INDIA PRIVATE LIMITED (w.e.f. 01.10.2013) |
|
|
|
|
Formerly Known
As : |
NOKIA
SIEMENS NETWORKS PRIVATE LIMITED (w.e.f. 31.03.2007) NOKIA
NETWORKS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1507, Regus Business Centre, Eros Cooperate Towers, Level 15, Nehru
Palace, New Delhi – 110019 |
|
Tel. No.: |
Not Available |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
01.11.2006 |
|
|
|
|
Com. Reg. No.: |
55-155149 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2099.700 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900DL2006PTC155149 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCN3871F |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
The Company is engaged in the business of manufacturing and trading of telecommunication network equipments, providing related installation services, providing network management and other support services to major telecom operators and Group Companies including software development services. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (63) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavorable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Maximum Credit Limit : |
USD 48100000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behavior : |
Regular |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is a well-established and reputed company incorporated during
the year 2006 having good track record. The company is the world’s specialist in mobile broadband. Company
products are well received in the market. Available financial indicates company sound financial risk profile
marked by healthy networth position with zero borrowings and favourable gap
between trade payable and trade receivable. Fundamentals of the company are strong and healthy. Promoters are reported to be experienced and knowledgeable businessmen. Trade relations are reported as fair. Business is active. Payments
terms are reported to be regular and as per commitment. In view of sound financial base and recognized brand name “NOKIA”
globally, the company can be considered good for normal 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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
31-03-2013.
INFORMATION DENIED
Management Non-Cooperative
Contact No. 91-124-4504000
LOCATIONS
|
Registered Office / Factory : |
1507, Regus Business Centre, Eros Cooperate Towers, Level 15, Nehru
Palace, New Delhi – 110019, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Sunil Sayal |
|
Designation : |
Director |
|
Address : |
L 135, Jal Vayu Vihar, Sector 25, Noida-201301, Uttar Pradesh, India |
|
Date of Birth/Age : |
27.09.1961 |
|
Date of Appointment : |
24.08.2012 |
|
DIN No.: |
00709793 |
|
|
|
|
Name : |
Mr. Standard Singh |
|
Designation : |
Director |
|
Address : |
G-202, The Atrium Apartment No.22, Kalashetra Road Thiruvanmiyur, Chennai- 600041, Tamil Nadu, India |
|
Date of Birth/Age : |
28.06.1971 |
|
Date of Appointment : |
05.05.2008 |
|
DIN No.: |
02122153 |
|
|
|
|
Name : |
Mr. Sanjay Ajmera |
|
Designation : |
Director |
|
Address : |
701, T 6, Sohna Road, Near Omax Mall, Orchid Petals, Sohna Road, Gurgaon- 122002, Haryana, India |
|
Date of Birth/Age : |
31.01.1973 |
|
Date of Appointment : |
11.05.2010 |
|
DIN No.: |
03065149 |
|
|
|
|
Name : |
Mr. Sandeep Girotra |
|
Designation : |
Director |
|
Address : |
C-164, Trinity Towers,, DLF City, Phase-V, Gurgaon-122002, Haryana, India |
|
Date of Birth/Age : |
22.02.1965 |
|
Date of Appointment : |
11.10.2011 |
|
DIN No.: |
05141862 |
|
|
|
KEY EXECUTIVES
|
Name : |
Mukul Bajaj |
|
Designation : |
Secretary |
|
Address : |
1654, Sector - 28, Faridabad, 121008, Haryana, India |
|
Date of Appointment : |
08.08.2013 |
|
PAN No: |
AFPPB2933K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
% Age Holding |
|
Nokia Solutions and Network BV, Netherlands |
209965990 |
100.00 |
|
Nokia Solutions and Network Branch Operations OY, Finland |
10 |
0.00 |
|
Total |
209966000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companies(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the business of manufacturing and trading of telecommunication network equipments, providing related installation services, providing network management and other support services to major telecom operators and Group Companies including software development services. |
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Products : |
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Brand Names : |
“NOKIA” |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
|
|
Auditors : |
|
|
Name : |
Price Waterhouse LLP Chartered Accountants |
|
Address : |
Building No. 8, 7th and 8th Floor, Tower B, DLF Cyber City, Phase II, Gurgaon - 122002, Haryana, India |
|
PAN No.: |
AAHFP0187A |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Holding company: |
Nokia Solutions and Networks B.V, Netherlands |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
215,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 2150.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
209,966,000 |
Equity Shares |
Rs.10/- each |
Rs. 2099.700 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
2099.700 |
2099.700 |
2099.700 |
|
(b) Reserves &
Surplus |
14718.500 |
14819.000 |
8158.900 |
|
(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) |
16818.200 |
16918.700 |
10258.600 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
480.100 |
244.100 |
585.300 |
|
(d) long-term provisions |
2148.200 |
1480.200 |
1326.000 |
|
Total Non-current
Liabilities (3) |
2628.300 |
1724.300 |
1911.300 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
1412.900 |
|
(b) Trade payables |
26763.000 |
22788.200 |
19786.400 |
|
(c) Other current
liabilities |
11286.900 |
9890.400 |
6464.500 |
|
(d) Short-term provisions |
2619.300 |
1808.100 |
2487.300 |
|
Total Current Liabilities
(4) |
40669.200 |
34486.700 |
30151.100 |
|
|
|
|
|
|
TOTAL |
60115.700 |
53129.700 |
42321.000 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
4484.800 |
4810.600 |
5632.500 |
|
(ii) Intangible Assets |
32.200 |
21.600 |
27.000 |
|
(iii) Capital
work-in-progress |
363.500 |
466.400 |
349.000 |
|
(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) |
3270.800 |
2511.000 |
2596.200 |
|
(d) Long-term Loan and Advances |
1378.000 |
1427.300 |
2897.000 |
|
(e) Other Non-current
assets |
0.200 |
695.200 |
2009.400 |
|
Total Non-Current Assets |
9529.500 |
9932.100 |
13511.100 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
7483.800 |
5710.900 |
7225.400 |
|
(c) Trade receivables |
33680.000 |
30856.400 |
15207.500 |
|
(d) Cash and cash
equivalents |
6548.800 |
3854.400 |
3325.600 |
|
(e) Short-term loans and
advances |
947.600 |
530.400 |
361.200 |
|
(f) Other current assets |
1926.000 |
2245.500 |
2690.200 |
|
Total Current Assets |
50586.200 |
43197.600 |
28809.900 |
|
|
|
|
|
|
TOTAL |
60115.700 |
53129.700 |
42321.000 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
48830.900 |
45664.000 |
66469.200 |
|
|
Income from managed
services |
9505.600 |
9525.900 |
0.000 |
|
|
Income from maintenance
and care |
8257.600 |
8166.000 |
0.000 |
|
|
Income from Network
Implementation and system integration |
2673.900 |
3669.800 |
0.000 |
|
|
Income from Research and
Development Services |
7370.500 |
7037.800 |
0.000 |
|
|
Income from Network
managed Services |
3401.400 |
3124.900 |
0.000 |
|
|
Manpower Services |
423.400 |
0.000 |
0.000 |
|
|
Other Income |
3761.900 |
680.200 |
135.600 |
|
|
TOTAL |
84225.200 |
77868.600 |
66604.800 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
26523.900 |
31823.600 |
|
|
|
Purchases of
Stock-in-Trade |
15697.200 |
2940.800 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
-825.200 |
624.600 |
|
|
|
Misc Expenses |
18204.500 |
16024.100 |
|
|
|
Prior Period Expenses |
389.700 |
367.600 |
|
|
|
Employees benefits
expense |
13435.600 |
13169.000 |
|
|
|
Other expenses |
|
|
|
|
|
TOTAL |
73425.700 |
64949.700 |
61406.900 [Including finance
Expenses] |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
10799.500 |
12918.900 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
42.900 |
247.100 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
10756.600 |
12671.800 |
5197.900 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1648.800 |
2099.400 |
2226.200 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
9107.800 |
10572.400 |
2971.700 |
|
|
|
|
|
|
|
Less |
TAX |
2821.400 |
2692.200 |
1031.600 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
6286.400 |
7880.200 |
1940.100 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
|
|
|
|
|
|
|
|
|
|
Add |
Earlier year excess
proposed dividend and dividend distribution tax |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General
Reserve |
|
|
|
|
|
Dividend |
|
|
|
|
|
Tax on Dividend |
|
|
|
|
|
Total |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
6286.400 |
7880.200 |
1940.100 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
30937.100 |
30623.200 |
26529.800 |
|
|
Freight |
|
|
|
|
|
Insurance |
|
|
|
|
|
TOTAL EARNINGS |
30937.100 |
30623.200 |
26529.800 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
|
35838.900 |
34337.900 |
|
|
Components and Stores
parts |
|
|
|
|
|
Capital Goods |
|
|
|
|
|
TOTAL IMPORTS |
0.000 |
35838.900 |
34337.900 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
29.94 |
37.53 |
9.24 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
13616.500 |
5664.100 |
4639.200 |
|
Net cash flows from (used in) operating activities |
10005.700 |
4949.200 |
3999.800 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit
Margin (PAT / Sales) |
(%) |
12.87 |
17.26 |
2.92 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
22.12 |
28.29 |
7.82 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.13 |
21.08 |
7.55 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.54 |
0.62 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.24 |
1.25 |
0.96 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
2099.700 |
2099.700 |
2099.700 |
|
Reserves & Surplus |
8158.900 |
14819.000 |
14718.500 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
10258.600 |
16918.700 |
16818.200 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
1412.900 |
0.000 |
0.000 |
|
Current Maturities of
Long Term Debt |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
1412.900 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.138 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
66469.200 |
45664.000 |
48830.900 |
|
|
|
-31.301 |
6.935 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
66469.200 |
45664.000 |
48830.900 |
|
Profit |
1940.100 |
7880.200 |
6286.400 |
|
|
2.92% |
17.26% |
12.87% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
--- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
--- |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
INDEX OF CHARGES : NO
CHARGES EXIST FOR COMPANY
OPERATION OF THE
COMPANY
The Company has been operating in India since 2007, and the growth of the Company over the past years has indicated that India is one significant market with scope for tremendous growth. To further enhance its market position, the Company has entered into various customer long term contract. The name of the Company was changed from Nokia Siemens Networks Private Limited to “Nokia Solutions and Networks India Private Limited” with effect from 01 October, 2013 to reflect their shareholders position in our business.
The Company has been making grounds into technology and research to further elevate its brand position specially into Mobile broadband, the Company is constantly striving to ensure that it remains one of the key market players and is seeking to not only retain but further widen its market share.
During the year the Company registered a profit of Rs. 62.864 Million during the financial year 2013-14. The Directors are continuously looking for avenues for future growth and are hopeful that the Company will perform even better in the coming years.
BACKGROUND/GENERAL
INFORMATION
The Company is engaged in the business of manufacturing and trading of telecommunication network equipments, providing related installation services, providing network management and other support services to major telecom operators and Group Companies including software development services to its holding Company.
NOTE
The registered office of the company has been shifted from 2nd Floor, Commercial Plaza, Radisson Complex, National Highway-8, New Delhi – 110037, India to the present address w.e.f. 01.02.2011.
FIXED ASSETS
Tangible Assets
- Land
- Plant and equipment
- Furniture and fixtures
- Building
- Motor vehicles
- Computer equipments
- Leasehold improvements
- Office equipment
Intangible Assets
- Goodwill
- Computer software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.01 |
|
|
1 |
Rs.99.84 |
|
Euro |
1 |
Rs.70.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
63 |
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.