MIRA INFORM REPORT
|
Report No. : |
351568 |
|
Report Date : |
03.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
AUTOTEC SYSTEMS PRIVATE LIMITED |
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|
|
|
Registered
Office : |
Ashraya Ornate 177/6B Bilekahalli, Bannerghatta Road,
Bangalore-560076, Karnataka |
|
Tel. No.: |
91-80-40327600 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2015 |
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|
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Date of
Incorporation : |
26.04.2000 |
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|
|
|
Com. Reg. No.: |
08-026996 |
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|
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Capital
Investment / Paid-up Capital : |
Rs. 20.529 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200KA2000PTC026996 |
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|
|
|
IEC No.: |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AACCA7689N |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer of Automatic Test Equipment (ATE), embedded
system and Electronic and defence production support. (Registered Documents) |
|
|
|
|
No. of Employees
: |
Not Available |
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 267700 |
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|
|
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually Correct |
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|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company incorporated in the year 2000. It has satisfactory track. The company has healthy scale of operations marked by improved revenue along with profitability margin of 7.7%. Rating takes into consideration company’s established position in the defence hardware industry supported by sound financial base along with comfortable debt protection metrics. Trade relations are fair. Business is active. Payments are usually correct. The company can be considered for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made on
e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term bank Facilities=BB |
|
Rating Explanation |
Inadequate-credit-quality and high credit
risk |
|
Date |
17.02.2015 |
|
|
|
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term bank Facilities=A4+ |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk |
|
Date |
17.02.2015 |
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
31-03-2015.
LOCATIONS
|
Registered Office : |
Ashraya Ornate 177/6B Bilekahalli, Bannerghatta Road,
Bangalore-560076, Karnataka, India |
|
Tel. No.: |
91-80-40327600 |
|
Fax No.: |
91-80-40327676 |
|
E-Mail : |
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|
Website : |
|
|
|
|
|
Regional Office 1 : |
Plot No.27, Asbestos Colony, Behind SBH Bank, Vikrampuri, Secunderabad – 500009, Telangana, India |
|
Tel. No.: |
91-40-27841012 / 13 |
|
Fax No.: |
91-40-27841011 |
|
|
|
|
Regional Office 2 : |
#60, Bahubali Enclave, IP Extension 2, New Delhi – 110092, India |
|
Telfax. No.: |
91-11-22377291 |
|
|
|
|
Marketing Office : |
Plot No. 45, #1A, P and T Colony, Vikrampuri, Secunderabad-500009, India |
|
Tel. No.: |
91-40-27841012/ 13 |
|
Fax No.: |
91-40-27841011 |
DIRECTORS
AS ON 12.09.2014
|
Name : |
Mr. Innanji Satish Kumar |
|
Designation : |
Managing director |
|
Address : |
1593 35th Cross 15th Main, BSK II Stage, Bangalore-560070,
Karnataka, India |
|
Date of Birth/Age : |
20.12.1962 |
|
Date of Appointment : |
26.04.2000 |
|
DIN No.: |
00892983 |
|
|
|
|
Name : |
Mr. Chenjeri Sripadarao Srikanth |
|
Designation : |
Director |
|
Address : |
No-15 2nd Cross State Bank Of Mysore, Colony Mathikere,
Bangalore-560054, Karnataka, India |
|
Date of Birth/Age : |
12.04.1968 |
|
Date of Appointment : |
01.07.2001 |
|
DIN No.: |
02235615 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2015
|
Names of Shareholders |
|
No. of Shares |
|
Ravichandra Sundaram Nagasubramanian |
|
428864 |
|
Srihari A |
|
406000 |
|
Innanji Satish Kumar |
|
406000 |
|
Satish Kumar B S |
|
406000 |
|
Chenjeri Sripadarao Srikanth |
|
406000 |
|
Total |
|
2052864 |
AS ON 12.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
39.55 |
|
Other
top fifty shareholders |
60.45 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Automatic Test Equipment (ATE), embedded
system and Electronic and defence production support. (Registered Documents) |
|
|
|
|
Brand Names : |
-- |
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|
|
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Agencies Held : |
-- |
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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
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
·
State Bank of India SME J P Nagar Branch,
No.11, 1st Floor, 20th Main, 15th Cross, J P Nagar 5th Phase, Bangalore -
560078, Karnataka, India |
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Facilities : |
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Banking
Relations : |
-- |
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|
|
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Auditors : |
|
|
Name : |
Guru and Jana Chartered Accountants |
|
Address : |
No.41, Patalamma Temple Road, Basavanagudi, Near South End Circle,
Bangalore-560004, Karnataka, India |
|
Tel. No.: |
91-80-42202020 |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFA5265A |
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|
|
Memberships : |
-- |
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Collaborators : |
-- |
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Associates Companies: |
· Ashraya Realtors Private Limited · Rass Technologies Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,100,000 |
Equity Shares |
Rs. 10/- each |
Rs. 21.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,052,864 |
Equity Shares |
Rs. 10/- each |
Rs. 20.529
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
20.529 |
20.529 |
20.529 |
|
(b) Reserves & Surplus |
73.198 |
46.044 |
35.232 |
|
(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) |
93.727 |
66.573 |
55.761 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.563 |
15.737 |
|
(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 |
2.333 |
1.776 |
1.538 |
|
Total
Non-current Liabilities (3) |
2.333 |
2.339 |
17.275 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.113 |
4.335 |
58.770 |
|
(b)
Trade payables |
3.106 |
15.461 |
56.699 |
|
(c)
Other current liabilities |
58.364 |
25.712 |
18.159 |
|
(d)
Short-term provisions |
2.850 |
1.882 |
2.336 |
|
Total
Current Liabilities (4) |
64.433 |
47.390 |
135.964 |
|
|
|
|
|
|
TOTAL |
160.493 |
116.302 |
209.000 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
13.423 |
6.015 |
7.375 |
|
(ii)
Intangible Assets |
0.639 |
0.002 |
0.003 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
1.715 |
0.821 |
0.574 |
|
(d) Long-term Loan
and Advances |
3.101 |
3.101 |
3.241 |
|
(e) Trade receivables |
23.701 |
3.360 |
0.000 |
|
(f) Other Non-current assets |
43.271 |
11.771 |
22.350 |
|
Total
Non-Current Assets |
85.850 |
25.070 |
33.543 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
24.796 |
27.692 |
45.479 |
|
(c)
Trade receivables |
38.370 |
42.463 |
106.313 |
|
(d)
Cash and cash equivalents |
7.733 |
2.750 |
3.873 |
|
(e)
Short-term loans and advances |
2.962 |
16.434 |
18.908 |
|
(f)
Other current assets |
0.782 |
1.893 |
0.884 |
|
Total
Current Assets |
74.643 |
91.232 |
175.457 |
|
|
|
|
|
|
TOTAL |
160.493 |
116.302 |
209.000 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
343.064 |
235.090 |
|
|
|
|
Other Income |
5.395 |
1.634 |
|
|
|
|
TOTAL (A) |
348.459 |
236.724 |
116.517 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
161.369 |
103.413 |
|
|
|
|
Service Cost |
13.249 |
11.282 |
|
|
|
|
Employees benefits expense |
101.585 |
61.750 |
|
|
|
|
Other expenses |
23.438 |
37.086 |
|
|
|
|
TOTAL (B) |
299.641 |
213.531 |
101.234 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
48.818 |
23.193 |
15.283 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.193 |
5.224 |
6.114 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
45.625 |
17.969 |
9.169 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.476 |
1.675 |
2.120 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
41.149 |
16.294 |
7.049 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
13.995 |
5.482 |
2.842 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
27.154 |
10.812 |
4.207 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
13.23 |
5.27 |
2.05 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term Borrowings |
0.000 |
0.191 |
6.311 |
|
|
|
|
|
|
Cash Generated from/ (used in) Operations |
(13.231) |
(13.049) |
NA |
|
|
|
|
|
|
Net Cash Flow from/ (used in) Operating Activities |
17.433 |
(0.792) |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
7.92 |
4.60 |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
14.23 |
9.87 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
30.46 |
14.53 |
3.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.44 |
0.24 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.08 |
1.45 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.16 |
1.93 |
1.29 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
20.529 |
20.529 |
20.529 |
|
Reserves & Surplus |
35.232 |
46.044 |
73.198 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
55.761 |
66.573 |
93.727 |
|
|
|
|
|
|
Long-term borrowings |
15.737 |
0.563 |
0.000 |
|
Short term borrowings |
58.770 |
4.335 |
0.113 |
|
Current Maturities of
Long-Term Borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
74.507 |
4.898 |
0.113 |
|
Debt/Equity
ratio |
1.336 |
0.074 |
0.001 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
116.517 |
236.724 |
348.459 |
|
|
|
103.167 |
47.201 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
116.517 |
236.724 |
348.459 |
|
Profit |
4.207 |
10.812 |
27.154 |
|
|
3.61% |
4.57% |
7.79% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
Yes |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
80029613 |
25/09/2014 * |
159,300,000.00 |
STATE BANK OF INDIA |
SME BRANCH JAYANAGAR,
NO.311 (NEW) 19, 1ST FLOOR, |
C33950502 |
|
* Date of charge modification |
||
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|
||
CORPORATE
INFORMATION:
Subject is a private limited company domiciled in India and incorporated under the provisions of the Companies Act, 1956 on 26th April 2000. The company is engaged in the manufacturing of Automatic Test Equipment (ATE), embedded system and Electronic and defence production support. It also provides services in connection with the product manufactured.
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from No 27, 24th
Main, Sarakkiake, 5th Phase, J.P. Nagar , Bangalore-560078, Karnataka, India to
the present address w.e.f 24.01.2007
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
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 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. 66.62 |
|
|
1 |
Rs. 100.34 |
|
Euro |
1 |
Rs. 70.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
IND |
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 |
YES |
|
--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.