MIRA INFORM REPORT
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Report No. : |
309731 |
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Report Date : |
26.02.2015 |
IDENTIFICATION DETAILS
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Name : |
PROGILITY TECHNOLOGIES PRIVATE LIMITED [w.e.f.10.02.2015] |
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Formerly Known
As : |
UNIFY ENTERPRISE COMMUNICATIONS PRIVATE LIMITED [w.e.f.18.10.2013] SIEMENS ENTERPRISE COMMUNICATIONS PRIVATE LIMITED |
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Registered
Office : |
601, 6th Floor, 247 Park, Tower 'B', L.B.S. Marg, Vikhroli (West), Mumbai –
400083, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
30.09.2014 |
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Date of
Incorporation : |
11.01.2007 |
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Com. Reg. No.: |
11-166937 |
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Capital
Investment / Paid-up Capital : |
Rs. 610.000 Millions |
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CIN No.: [Company Identification
No.] |
U31908MH2007FTC166937 |
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IEC No.: |
0307023877 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAKCS5375F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing Convergence Communications, Video Conferencing,
Call Centre Networking, Mobility, Teleworking and Multimedia Solutions for
enterprises. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
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MIRA’s Rating : |
B (34) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The rating is constrained on account of company’s moderate operational
risk profile marked by low reserves and sharp declining in profitability of
the company during financial year 2014. However, trade relations are fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealings with some
caution. |
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
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Sanjeev Bhandarkar |
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Designation : |
Whole-time director |
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Contact No.: |
91-9987039854 |
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Date : |
26.02.2015 |
LOCATIONS
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Registered Office : |
601, 6th Floor, 247 Park, Tower 'B', L.B.S. Marg, Vikhroli (West), Mumbai –
400083, Maharashtra, India |
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Tel. No.: |
91-22-71447130/ 71447000 |
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Mobile No.: |
91-9987039854 [Mr. Sanjeev Bhandarkar] |
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Fax No.: |
91-22-71447222 |
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E-Mail : |
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Website : |
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Area : |
1147.40 Sq. Mt. |
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Location : |
Rented |
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Branch Offices : |
Located at: · Ahmedabad · Vadodara · Bangalore · Bhopal · Chandigarh · Chennai · Cochin · Delhi · Gurgaon · Hyderabad · Jaipur · Jammu · Kolkata · Lucknow · Navi Mumbai · Pune |
DIRECTORS
AS ON 15.12.2014
|
Name : |
Mr. Anil Kumar Jain |
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Designation : |
Managing director |
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Address : |
7/4, Twinkle Star Society, Ghatla Marg, Chembur, Mumbai - 400071, Maharashtra, India |
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Date of Birth/Age : |
20.03.1963 |
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Qualification : |
B.E
(Electricals) |
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Experience : |
28
Years |
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Date of Appointment : |
30.03.2011 |
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PAN No.: |
AAIPJ4334J |
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DIN No.: |
02819815 |
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Name : |
Mr. Sanjeev Chandrashekhar Bhandarkar |
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Designation : |
Whole-time director |
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Address : |
Block No. 6, Anuradha Cooperative Housing Society Limited, G. Gupte Road, Vishnu Nagar, Dombivli [West], Thane - 421202, Maharashtra, India |
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Date of Birth/Age : |
29.06.1968 |
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Qualification : |
B. Com., PGDCM (Computer Science), DFM (Finance), MBA
(Specialization in Logistics and E-Commerce) |
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Experience : |
25
Years |
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Date of Appointment : |
12.08.2014 |
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DIN No.: |
06945799 |
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Name : |
Mr. Vivek Saksena |
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Designation : |
Whole-time director |
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Address : |
204, Oceanic-I, Juhu Versova Link Road, Andheri (West), Mumbai - 400061, Maharashtra, India |
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Date of Birth/Age : |
13.09.1964 |
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Qualification : |
B. Tech (Computer Science), Program for Business Managers
from IIM Bangalore |
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Experience : |
25
Years |
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Date of Appointment : |
12.08.2014 |
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DIN No.: |
06946744 |
KEY EXECUTIVES
|
Name : |
Mr. Milind Satam |
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Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 15.12.2014
|
Names of Shareholders |
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No. of Shares |
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Unify Overseas Holdings B.V. [Formerly EN Overseas Holdings B.V.], The
Netherlands |
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60999999 |
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Unify Germany Holdings B.V., The Netherlands |
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1 |
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Total |
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61000000 |
AS ON 15.12.2014
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Equity Share Breakup |
Percentage of Holding |
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Category |
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Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Providing Convergence Communications, Video Conferencing,
Call Centre Networking, Mobility, Teleworking and Multimedia Solutions for
enterprises. |
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Products/ Services : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
-- |
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Countries : |
-- |
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Imports : |
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Products : |
-- |
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Countries : |
-- |
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Terms : |
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Selling : |
-- |
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Purchasing : |
-- |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
· HDFC Bank Limited HDFC Bank House,
Senapati Bapat Marg, Lower Parel [West], Mumbai - 400013, Maharashtra, India · HDFC Bank Limited Trade House, Kamal
Mills, Lower Parel, Mumbai - 400013, Maharashtra, India · Deutsche Bank 222, Kodak House, Dr. D.N. Road, Fort Mumbai, Maharashtra, India |
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Facilities : |
-- |
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Auditors : |
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Name : |
Deloitte Haskins and Sells LLP Chartered Accountants |
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Address : |
Tower 3, 27th - 32nd Floor, Indiabulls Finance Centre,
Elphinstone Mill Compound, Senapati Bapat Marg, Elphinstone (West), Mumbai –
400013, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
AACFD4815A |
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Holding company : |
Unify Overseas
Holdings B.V. |
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Ultimate controlling entity : |
Gores Group LLC |
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Intermediate Holding company : |
· Unify Holdings B.V. · Unify Germany Holdings B.V. · Unify Beteiligungen GmbH and Co. KG, Germany ·
Unify GmbH and Co. KG, Germany |
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Fellow Subsidiary : |
· Unify Limited · Unify Communications N.V. · Unify Inc. · Unify GmbH · Unify Limited Shanghai |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
62,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 620.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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|
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|
61,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 610.000 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
30.09.2014 |
30.09.2013 |
30.09.2012 |
|
I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
610.000 |
610.000 |
610.000 |
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(b) Reserves & Surplus |
137.700 |
214.700 |
166.100 |
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(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share
Application money pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
747.700 |
824.700 |
776.100 |
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(3)
Non-Current Liabilities |
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(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
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(c)
Other long term liabilities |
0.300 |
0.300 |
6.800 |
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(d)
long-term provisions |
14.200 |
12.000 |
12.900 |
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Total
Non-current Liabilities (3) |
14.500 |
12.300 |
19.700 |
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(4) Current Liabilities |
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(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
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(b)
Trade payables |
235.200 |
347.100 |
370.300 |
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(c)
Other current liabilities |
104.400 |
98.200 |
127.400 |
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(d)
Short-term provisions |
199.700 |
96.400 |
133.700 |
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Total
Current Liabilities (4) |
539.300 |
541.700 |
631.400 |
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TOTAL |
1301.500 |
1378.700 |
1427.200 |
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II.
ASSETS |
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(1) Non-current assets |
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(a)
Fixed Assets |
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(i)
Tangible assets |
10.900 |
14.700 |
16.900 |
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(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
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(iii)
Capital work-in-progress |
0.000 |
0.600 |
0.200 |
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(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
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(c) Deferred tax assets
(net) |
56.400 |
51.500 |
57.100 |
|
(d) Long-term Loan
and Advances |
105.500 |
59.000 |
41.300 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
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Total
Non-Current Assets |
172.800 |
125.800 |
115.500 |
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(2) Current assets |
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(a)
Current investments |
0.000 |
0.000 |
0.000 |
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(b)
Inventories |
138.600 |
146.800 |
159.300 |
|
(c)
Trade receivables |
630.600 |
726.900 |
715.500 |
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(d)
Cash and cash equivalents |
291.600 |
314.100 |
376.700 |
|
(e)
Short-term loans and advances |
60.500 |
56.600 |
47.400 |
|
(f)
Other current assets |
7.400 |
8.500 |
12.800 |
|
Total
Current Assets |
1128.700 |
1252.900 |
1311.700 |
|
|
|
|
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TOTAL |
1301.500 |
1378.700 |
1427.200 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
30.09.2014 |
30.09.2013 |
30.09.2012 |
|
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SALES |
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TOTAL |
1942.900 |
2207.700 |
2332.800 |
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Less |
EXPENSES |
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TOTAL |
1832.200 |
1922.700 |
2138.900 |
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PROFIT BEFORE
TAX |
110.700 |
285.000 |
193.900 |
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Less |
TAX |
37.600 |
94.600 |
70.900 |
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PROFIT AFTER TAX
|
73.100 |
190.400 |
123.000 |
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EARNINGS IN
FOREIGN CURRENCY |
|
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Export Earnings |
63.700 |
55.300 |
92.500 |
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Earnings Per
Share (Rs.) |
1.20 |
3.12 |
2.02 |
|
KEY RATIOS
|
PARTICULARS |
|
30.09.2014 |
30.09.2013 |
30.09.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.89 |
21.48 |
14.15 |
|
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Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.35 |
0.25 |
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|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
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|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.09 |
2.31 |
2.08 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particulars |
30.09.2012 |
30.09.2013 |
30.09.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
610.000 |
610.000 |
610.000 |
|
Reserves & Surplus |
166.100 |
214.700 |
137.700 |
|
Net
worth |
776.100 |
824.700 |
747.700 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
30.09.2012 |
30.09.2013 |
30.09.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
2332.800 |
2207.700 |
1942.900 |
|
|
|
(5.363) |
(11.994) |
NET PROFIT MARGIN
|
Net Profit Margin |
30.09.2012 |
30.09.2013 |
30.09.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
2332.800 |
2207.700 |
1942.900 |
|
Profit |
123.000 |
190.400 |
73.100 |
|
|
5.27% |
8.62% |
3.76% |
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
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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 |
Yes |
|
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 |
-- |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
CURRENT MATURITIES
OF LONG TERM DEBT: NOT AVAILABLE
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10155246 |
01/08/2013 * |
420,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B83208371 |
* Date of charge modification
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from 130, Pandurang
Budhkar Marg, Worli, Mumbai – 400018, Maharashtra, India to the present address
w.e.f.11.03.2013.
BACKGROUND
Unify Enterprise Communications Private Limited (formerly Siemens Enterprise Communications Private Limited) (the Company) was incorporated on January 11, 2007. The Company commenced operations on August 1, 2007. The Company purchased the Information and Communications (Com EN) division of Siemens Limited with effect from August 1, 2007.
The Company provides convergence communications, video conferencing, call centre networking, mobility, teleworking and multimedia solutions for enterprises.
During the year the Company has changed its name to Unify
Enterprise Communication Private Limited and has registered with Registrar of
Companies as per the revised Certificate of Incorporation dated October 18,
2013.
OPERATIONS:
For FY 2013-14, turnover of the company is reduced to Rs. 1942.900
Millions from that of Rs. 2207.700 Millions in the previous year. Profit before
tax is Rs. 110.700 Millions from that of Rs. 285.000 Millions in previous
financial year. Net profit after tax is Rs. 73.100 Millions as compared to Rs.
190.400 Millions in the previous year.
They have been able to create value for their customers and forge
partnerships for mutual growth and prosperity. Their customers have placed
their confidence in their products, services and solutions, for which they are
thankful to them. The trend that they see very clearly is that sustainable
business is the new mantra within their organization as well as with their
customers, partners and suppliers. Hence, their focus for the near future will
be on sustainable and capital efficient growth.
FUTURE OUTLOOK:
Today communication market in India both in the Small Medium Enterprises
(SME) and Large Enterprise is changing at a rapid pace with a focus on mobility
and visual collaboration since there is a major increase in mobile workforce
and work from anywhere concept. With these newer customer demand there is a
need to upgrade the IT infrastructure to manage the growing demand for higher
bandwidth, more secure and faster networks, zero point of failure and system
integrators who can seamlessly transform and upgrade the customer IT
infrastructure .With these newer enterprise market requirement the market is
poised to grow at 15% per. With their system integration skill sets and strong
voice background they are in a strong position to address these newer and
complex market demands.
Internet Protocol (IP) deployment is at a point where it would exceed
the traditional Time Division Multiplexing (TDM) deployment in all major
markets across India due to the sheer benefits of Unified Communication (UC),
ease of deployment and a faster Return on Investment (ROI). Applications and
visual collaboration solutions are taking center stage in voice platform
decisions. Today the Company has one of the strongest portfolios in IP and UC
along with technical, System integration and project management skill set to
address this market opportunity where the customer is now looking for one stop
shop for its entire wired, wireless and UC application needs.
Increase in mobile workforce and younger age profile, Bring the Own
Device (BYOD) is the way ahead which puts a demand on corporate security and
they have the required solution, design skill and implementation expertise to
ensure smooth deployment at customer premises.
Demand for higher bandwidth and faster networks has resulted in high
growth in Data Networking (wired and wireless) and Security market which is
well addressed with its strategic agreement with Juniper Networks and Extreme
Networks. Gigabit to the desk requirement to ensure triple play services at the
desk is the need of the hour.
Video conferencing a key element in Visual Collaboration has shown
highest growth in adoption and rapid deployment. The market can be addressed as
standalone Videoconferencing / Telepresence solutions as well as part of
integrated UC portfolio. Natural extension to video conferencing business is
Audio / Video integration business and Company has the required technology tie
ups and in house skill set to address these system integration opportunities
and large scale deployment.
Specialized vertical solutions is the need of the hour and a must have
to sustain growth. Company has the skills to design and deploy dedicated
solution in every vertical such as Manufacturing, Banking and Finance, Power
and Smart Grid, Travel and Hospitality, Healthcare, Education, e-governance,
Information Technology (IT) and Information Technology Enabled Service (ITES),
etc.
Service market for the company is still around Lifecycle services.
Professional services market is still nascent and very much scattered. Managed
Services is substantially large market but focused only on FMS and Data / Server
managed services. Company has also started activities to offer Professional
Services but needs to build up its skills to address the managed services
market.
Cloud services are growing at a rapid pace in the field of data centric
solution. Private Cloud for Enterprise Communication is more interesting for
many large enterprise customers and most of the cloud investments will be in
Private Clouds. Company has end to end offering to address these Hosted
communication business opportunities via service providers.
Company has transformed over the past years from a pure voice centric
player to an end to end Customized Solution Provider and a true system
integrator with strong project management capabilities. This has enabled the
company to execute end to end solution encompassing voice, video, data, and
security bundled with array of services.
Customer communication infrastructure requirements are becoming complex
with demand for 99.999 availability and integration of their changing business
processes to the communication infrastructure to improve employee productivity
and reduce cost. Company with its emerging UC portfolio and mobility solutions
along with system integration skills and business process knowledge is well
positioned to address this fast growing and changing customer demand.
CONTINGENT
LIABILITIES:
|
Particulars |
30.09.2014 (Rs.
In Millions) |
30.09.2014 (Rs.
In Millions) |
|
i) Income tax matter in dispute and appealed by the Company |
|
|
|
- Transfer pricing matter |
98.100 |
85.900 |
|
-Sales tax matter in dispute and appealed by the Company |
7.000 |
0.000 |
FIXED ASSETS:
· Plant and equipment
· Other plant and equipment
· Furniture and fixtures
· Office equipment
· Computer equipments
· Other equipments
· Goodwill
· Know-how
· Commercial contractual rights
· 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. 62.05 |
|
|
1 |
Rs. 96.03 |
|
Euro |
1 |
Rs. 70.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
34 |
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.