MIRA INFORM REPORT
|
Report No. : |
354062 |
|
Report Date : |
09.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
DOTCAD PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
41, 4th Floor, White House, Panchwati, Ahmedabad - 380006, Gujarat, India |
|
Tel. No.: |
91-79-26563200 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
03.12.1987 |
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|
|
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Com. Reg. No.: |
04-010181 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.300
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30000GJ1987PTC010181 |
|
|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Service Provider and System Integrator for IT Solutions (Confirmed by management) |
|
|
|
|
No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
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Payment Behaviour : |
Usually correct |
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|
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Litigation : |
Clear |
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Comments : |
Subject was established in the year 1987 and it is engaged in the
business of system integrated and providing IT solutions. For the financial year ended 2014, company has reported dip of 17% in
its revenue profile but company has able to maintained average profit margin
3.21% during the year under review. Rating takes into consideration company’s established track record of business
operations supported by its above average net worth base along with zero debt
balance sheet profile and sound debt coverage indicators. Trade relations are reported fair. Payment terms are reported to be
usually correct. The company can be considered for business dealings at usual trade
terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Varjesh Patel |
|
Designation : |
Accountant |
|
Contact No.: |
91-79-26447928 |
|
Date : |
07.12.2015 |
LOCATIONS
|
Registered/ Head
Office : |
41, 4th Floor, White House, Panchwati, Ahmedabad - 380006, Gujarat, India |
|
Tel. No.: |
91-79-26563200/ 26447928/26427490 |
|
|
91-9825007700 (Mr. Shaishav M. Singh) |
|
Fax No.: |
91-79-26427490 |
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E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
Locality : |
Commercial |
|
Area : |
1500 Sq. ft. |
|
|
|
|
Branch Office : |
101/B, Yogeshwar Apartment, 18/A, Nutan Bharat Society, Alkapuri, Baroda-390007, Gujarat, India |
DIRECTORS
AS ON 27.09.2014
|
Name : |
Mr. Shaishav Manmohan Singh |
|
Designation : |
Whole Time Director |
|
Address : |
B/93, Tirithbhumi Apartments, Law-Garden, Ellisbridge, Ahmedabad-380006, Gujarat, India |
|
Date of Birth/Age : |
28.08.1963 |
|
Date of Appointment
: |
03.12.1987 |
|
DIN No.: |
01112766 |
|
|
|
|
Name : |
Mr. Manmohan Ayodhya Singh |
|
Designation : |
Director |
|
Address : |
8, Sugam Bunglows, Near Auda Garden, Prahladnagr, Vejaipur, Ahmedabad-380051, Gujarat, India |
|
Date of Birth/Age : |
15.06.1931 |
|
Date of Appointment
: |
15.07.2002 |
|
DIN No.: |
01123586 |
KEY EXECUTIVES
|
Name : |
Mr. Varjesh Patel |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS
AS ON 27.09.2014
|
Names of
Shareholders |
|
No. of Shares |
|
Shaishav Manmohan Singh |
|
2800 |
|
Harjyoti Shaishav Singh |
|
200 |
|
|
|
|
|
Total |
|
3000 |
AS ON 27.09.2014
Equity Share Break up
(Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Service Provider and System Integrator for IT Solutions (Confirmed by management) |
|
|
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|
Products : |
Not Divulged |
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|
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
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Products : |
Squire Parts |
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Countries : |
Singapore |
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Terms : |
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Selling : |
Cash and Credit (60/ 90 days) |
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Purchasing : |
Cash and Credit (60/ 90 days) |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users · Zydus · Torrent Power · Alembic · Sanghi Cement · Electrothem · IFFCO
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No. of Employees : |
25 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Mukesh R. Chokshi and Company Chartered Accountants |
|
Address : |
401/A, Harekrishna Complex, Opposite Kothawala Flats, Near Pritam Nagar, Paldi, Ashram Road, Ahmedabad - 380006, Gujarat, India |
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Tel. No.: |
91-79-6576819/6612504 |
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PAN No.: |
AAPPC8784Q |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Other Related
Parties : |
Veens Food Innovations Private Limited |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000 |
Equity Shares |
Rs.100/- each |
Rs.0.500 Million |
|
|
|
|
|
Issued, Subscribed
& Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000 |
Equity Shares |
Rs.100/- each |
Rs.0.300 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 |
0.300 |
0.300 |
0.300 |
|
(b) Reserves & Surplus |
37.960 |
33.081 |
30.820 |
|
(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) |
38.260 |
33.381 |
31.120 |
|
|
|
|
|
|
(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 |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.606 |
0.671 |
|
(b) Trade payables |
19.508 |
38.257 |
25.274 |
|
(c) Other current liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term provisions |
2.200 |
7.400 |
5.500 |
|
Total Current Liabilities (4) |
21.708 |
46.263 |
31.445 |
|
|
|
|
|
|
TOTAL |
59.968 |
79.644 |
62.565 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
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(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1.711 |
1.701 |
2.179 |
|
(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 |
38.506 |
26.426 |
20.859 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(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 |
40.217 |
28.127 |
23.038 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
1.361 |
1.361 |
1.361 |
|
(b) Inventories |
0.861 |
1.356 |
1.610 |
|
(c) Trade receivables |
12.516 |
39.074 |
24.647 |
|
(d) Cash and cash equivalents |
0.538 |
0.073 |
2.002 |
|
(e) Short-term loans and advances |
4.475 |
9.653 |
9.907 |
|
(f) Other current assets |
|
|
|
|
Total Current Assets |
19.751 |
51.517 |
39.527 |
|
|
|
|
|
|
TOTAL |
59.968 |
79.644 |
62.565 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Gross Revenue |
152.108 |
183.422 |
147.763 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION (C) |
8.107 |
6.693 |
10.166 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
0.257 |
0.362 |
0.149 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
7.850 |
6.331 |
10.017 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
0.414 |
0.515 |
0.511 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX
(E-F) (G) |
7.436 |
5.816 |
9.506 |
|
|
|
|
|
|
|
Less |
TAX (I) |
2.558 |
1.900 |
3.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX (G-I)
(J) |
4.878 |
3.916 |
6.506 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD (K) |
33.079 |
30.819 |
26.113 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Interim Dividend [Including Tax] |
0.000 |
1.656 |
1.800 |
|
|
Total (M) |
0.000 |
1.656 |
1.800 |
|
|
|
|
|
|
|
|
Balance Carried to the B/S (J+K+L-M) |
37.957 |
33.079 |
30.819 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Sold on High Sea Basis |
0.000 |
0.931 |
1.596 |
|
|
Import of Software |
0.147 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
0.147 |
0.931 |
1.596 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share (Rs.) |
1626.00 |
1305.67 |
2169 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
180.000 |
|
|
|
|
|
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 |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
3.21 |
2.13 |
4.40 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
5.33 |
3.65 |
6.88 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
34.65 |
10.93 |
22.79 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.17 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.02 |
0.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.91 |
1.11 |
1.26 |
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 |
0.300 |
0.300 |
3.000 |
|
Reserves & Surplus |
30.820 |
33.081 |
37.960 |
|
Net worth |
31.120 |
33.381 |
40.960 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.671 |
0.606 |
0.000 |
|
Total borrowings |
0.671 |
0.606 |
0.000 |
|
Debt/Equity ratio |
0.022 |
0.018 |
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) |
|
Gross Revenue |
147.763 |
183.422 |
152.108 |
|
|
|
24.133 |
(17.072) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Gross Revenue |
147.763 |
183.422 |
152.108 |
|
Profit |
6.586 |
3.916 |
4.878 |
|
|
4.46% |
2.13% |
3.21% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
Yes |
|
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 |
Yes |
|
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 |
Yes |
|
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 |
80019438 |
15/12/2006 * |
2,500,000.00 |
INDIAN OVERSEAS BANK |
ASHRAM ROAD, AHMEDABAD - 380009, GUJARAT, INDIA |
- |
* Date of charge modification
FIXED ASSETS
· Plant and Machinery
· Air Conditioner
· Electrical Installation
· Office Equipments
· Furniture and Fixtures
· Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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. 66.80 |
|
UK Pound |
1 |
Rs. 100.49 |
|
Euro |
1 |
Rs. 72.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYO |
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 |
|
--PROFITABILITY |
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 |
NO |
|
--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.