MIRA INFORM REPORT
|
Report No. : |
330688 |
|
Report Date : |
06.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
VARDHAMAN TECHNOLOGY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No.002, Raheja
Plaza-1, Near R-City Mall, L.B.S. Marg, Ghatkopar (West), Mumbai – 400 086,
Maharashtra |
|
Tel. No.: |
91-22-25007002 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
30.03.2007 |
|
|
|
|
Com. Reg. No.: |
11-169415 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.3.000
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200MH2007PTC169415 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMV14626D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCV4519J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in manufacturing, assembling and trading
of various information technology (IT) related hardware products (such as
Thin Client, Point of Sale machine, Digital Signage, Desktop PC, Small Form
Factor and others) along with providing software for products as per client
requirement and specification and also engaged in trading of IT peripherals
(such as flash disks, mini ITX motherboard, casings and others). |
|
|
|
|
No. of Employees
: |
60 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 2007. It is
engaged in the business of manufacturing, assembling, exporting and importing
of computer and accessories. It has a having moderate track record. For the financial year ended 2014, the company has steady growth in
its operational activity and its sales turnover is increasing but is has an
average profitability margin of 1.5%. Further, rating is constrained on account that the company has leveraged
capital structure, weak debt coverage indicators and working capital
intensive nature of operation. However, trade relations are fair. Business is active. Payment terms
are slow but correct. In view of leverage balance sheet profile, 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
|
Rating Agency Name |
CARE |
|
Rating |
Long-Term Bank Facilities: BB |
|
Rating Explanation |
Inadequate credit quality and high credit risk. |
|
Date |
24.06.2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short-Term Bank Facilities: A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
24.06.2015 |
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Amit Devchand Rambhia |
|
Designation : |
Director |
|
Contact No.: |
91-9322268875 |
|
Date : |
04.07.2015 |
LOCATIONS
|
Registered Office/ Head Office : |
Unit No.002,
Raheja Plaza-1, Near R-City Mall, L.B.S. Marg, Ghatkopar (West), Mumbai – 400
086, Maharashtra, India |
|
Tel. No.: |
91-22-25007002/ 25007502 |
|
Mobile No.: |
91-9322271321 (Mr. Nikit Rambhia) 91-9322268875 (Mr. Amit Devchand Rambhia) |
|
Fax No.: |
91-22-25007502 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2000 sq. ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory 1: |
F-6, 1st Floor, Avis Udyog Bhavan, Ringan Wada, Dhabel
Village, Daman – 396 210, Union Territory, India |
|
Area : |
4000 sq. ft. |
|
Location : |
Leased |
|
|
|
|
Factory 2: |
Survey No.485/C, Futardo Compound, Near Dabhel Check Post, Dabhel,
Daman – 396 210, Union Territory, India |
|
Area : |
8000 sq. ft. |
|
Location : |
Leased |
|
|
|
|
Warehouse : |
F N D Logistics
Private Limited Stoneage Complex, Mumbai-Nashik Bypass Road, Mankoli Naka, Behind
Volvo Godown, Vehala Bhatla Road, Bhiwandi, Thane – 421 302, Maharashtra,
India |
DIRECTORS
AS ON 29.09.2014
|
Name : |
Mr. Nikit Devchand Rambhia |
|
Designation : |
Director |
|
Address : |
42/502, Rajshri Dham, Jagdusha Nagar, Ghatkopar (West), Mumbai – 400
086, Maharashtra, India |
|
Date of Birth/Age : |
09.10.1978 |
|
Qualification : |
MBA |
|
Date of Appointment : |
30.03.2007 |
|
DIN No.: |
00165678 |
|
PAN No.: |
ABSPR2429M |
|
|
|
|
Name : |
Mr. Amit Devchand Rambhia |
|
Designation : |
Director |
|
Address : |
2B-113, Kalpatru Aura, L.B.S. Marg, Ghatkopar (West), Mumbai – 400
086, Maharashtra, India |
|
Date of Birth/Age : |
23.09.1974 |
|
Qualification : |
BE in Computers |
|
Date of Appointment : |
30.03.2007 |
|
DIN No.: |
00165919 |
|
|
|
|
Name : |
Mr. Devchand Lalji Rambhia |
|
Designation : |
Director |
|
Address : |
42/502, Rajshri Dham, Jagdusha Nagar, Ghatkopar (West), Mumbai – 400
086, Maharashtra, India |
|
Date of Birth/Age : |
16.01.1948 |
|
Qualification : |
Mechanical Engineering |
|
Date of Appointment : |
30.03.2007 |
|
DIN No.: |
00165851 |
|
PAN No.: |
AABPR0812N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Amit Devchand Rambhia |
|
100000 |
|
Nikit Devchand Rambhia |
|
100000 |
|
Devchand Lalji Rambhia |
|
99990 |
|
Deepa A. Rambhia jointly held with Deepa P. Rambhia |
|
1 |
|
Deepa A. Rambhia jointly held with Hareshkumar Hansraj and Company,
India |
|
1 |
|
Deepa A. Rambhia jointly held with Jachy Savla |
|
1 |
|
Deepa A. Rambhia jointly held with Jitendra R. Nagda |
|
1 |
|
Deepa A. Rambhia jointly held with Khushbu Jacky Savla |
|
1 |
|
Kavita N. Rambhia jointly held with Lalaji Hirji and Sons, India |
|
1 |
|
Kavita N. Rambhia jointly held with Manilal K. Savla |
|
1 |
|
Kavita N. Rambhia jointly held with Manilal K. Savla (HUF) |
|
1 |
|
Kavita N. Rambhia jointly held with Raja Trading Company, India |
|
1 |
|
Kavita N. Rambhia jointly held with Visanji Gangji Gala |
|
1 |
|
Total
|
|
300000 |
AS ON 29.09.2014
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacturing, assembling and
trading of various information technology (IT) related hardware products (such
as Thin Client, Point of Sale machine, Digital Signage, Desktop PC, Small
Form Factor and others) along with providing software for products as per
client requirement and specification and also engaged in trading of IT
peripherals (such as flash disks, mini ITX motherboard, casings and others). |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
IT Products |
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Countries : |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers and Retailers
|
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No. of Employees : |
60 (Approximately) |
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|
Bankers : |
· ICICI Bank Limited ·
HDFC Bank Limited ·
Standard Chartered Bank ·
State Bank of India |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jain Salia and Associates Chartered Accountants |
|
Address : |
4 and 8, Pawawala Building, 44, Elphinstone Road, Near Laxmi Nivas,
Elphinstone (West), Mumbai – 400 013, Maharashtra, India |
|
Tel. No.: |
91-22-24334447/ 24362369 |
|
Mobile No.: |
91-9664126404 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAJPS4216M |
|
|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
|
|
Associate Company : |
ICT Infratech Services Private Limited (Panache Infotech Private
Limited) |
CAPITAL STRUCTURE
AS ON 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
300000 |
Equity Shares |
Rs.10/- each |
Rs.3.000
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 |
3.000 |
3.000 |
3.000 |
|
(b) Reserves & Surplus |
18.619 |
14.316 |
11.198 |
|
(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) |
21.619 |
17.316 |
14.198 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
25.441 |
33.107 |
28.581 |
|
(b) Deferred tax liabilities (Net) |
1.661 |
0.636 |
0.573 |
|
(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) |
27.102 |
33.743 |
29.154 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
60.467 |
48.446 |
32.596 |
|
(b) Trade payables |
44.792 |
55.161 |
52.820 |
|
(c) Other current liabilities |
9.512 |
10.548 |
10.929 |
|
(d) Short-term provisions |
1.811 |
2.784 |
0.326 |
|
Total Current Liabilities (4) |
116.582 |
116.939 |
96.671 |
|
|
|
|
|
|
TOTAL |
165.303 |
167.998 |
140.023 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
33.784 |
9.531 |
10.618 |
|
(ii) Intangible Assets |
0.115 |
0.122 |
0.099 |
|
(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 |
0.664 |
|
(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 |
1.634 |
1.645 |
2.709 |
|
Total Non-Current Assets |
35.533 |
11.298 |
14.090 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
4.894 |
7.931 |
4.077 |
|
(b) Inventories |
45.791 |
83.639 |
66.522 |
|
(c) Trade receivables |
73.016 |
59.645 |
52.974 |
|
(d) Cash and cash equivalents |
-0.122 |
1.388 |
0.671 |
|
(e) Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current assets |
6.191 |
4.097 |
1.689 |
|
Total Current Assets |
129.770 |
156.700 |
125.933 |
|
|
|
|
|
|
TOTAL |
165.303 |
167.998 |
140.023 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
271.285 |
262.551 |
251.748 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
271.285 |
262.551 |
251.748 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
||
|
|
|
Cost of Purchases and Total Expenditure |
252.726 |
247.797 |
240.718 |
|
|
|
TOTAL |
252.726 |
247.797 |
240.718 |
|
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
18.560 |
14.754 |
11.030 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES, DEPRECIATION/ AMORTISATION |
13.796 |
9.716 |
8.227 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE EXCEPTIONAL ITEM, EXTRAORDINARY ITEM & TAX |
4.764 |
5.038 |
2.803 |
|
|
|
|
|
|
|
|
|
Add/ Less |
EXTRAORDINARY
ITEM |
1.899 |
(0.313) |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
6.663 |
4.725 |
2.803 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.359 |
1.607 |
0.880 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
4.304 |
3.118 |
1.923 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
14.316 |
11.198 |
9.275 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
18.620 |
14.316 |
11.198 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
For Goods |
6.774 |
26.109 |
17.225 |
|
|
|
For Export Sales |
0.154 |
0.000 |
0.000 |
|
|
|
For Services |
0.000 |
0.000 |
1.349 |
|
|
TOTAL EARNINGS |
6.928 |
26.109 |
18.574 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
14.35 |
10.39 |
6.41 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
285.000 |
|
|
|
|
|
The above information has been parted by Mr. Amit Devchand Rambhia
(Director).
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 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Total Income) |
(%) |
1.59 |
1.19 |
0.76 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Total Income) |
(%) |
6.84 |
5.62 |
4.38 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.03 |
2.81 |
2.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31 |
0.27 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.97 |
4.71 |
4.31 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.11 |
1.34 |
1.30 |
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 |
3.000 |
3.000 |
3.000 |
|
Reserves & Surplus |
11.198 |
14.316 |
18.619 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
14.198 |
17.316 |
21.619 |
|
|
|
|
|
|
Long-term borrowings |
28.581 |
33.107 |
25.441 |
|
Short term borrowings |
32.596 |
48.446 |
60.467 |
|
Total borrowings |
61.177 |
81.553 |
85.908 |
|
Debt/Equity ratio |
4.309 |
4.710 |
3.974 |
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) |
|
Total Income |
251.748 |
262.551 |
271.285 |
|
|
|
4.291 |
3.327 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
251.748 |
262.551 |
271.285 |
|
Profit |
1.923 |
3.118 |
4.304 |
|
|
0.76% |
1.19% |
1.59% |
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 |
Yes |
|
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 |
Yes |
|
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 |
Yes |
|
18 |
Major suppliers |
Yes |
|
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 four 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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE:
The registered office of the company has been shifted from 105, Jhalawar, Patanwala Compound, L.B.S. Marg, Ghatkopar (West), Mumbai – 400 086, Maharashtra to the present address w.e.f. 25.06.2013.
INDEX
OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10447991 |
17/08/2013 |
12,500,000.00 |
CANARA BANK |
H.O. AT 112, JAYAMARAJENDRA
, BANGLORE - 560002, BRANCH AT R.D. SHAH BUILDING , GHATKOPAR (WEST), MUMBAI
- 400086, |
B84538990 |
|
2 |
10368573 |
13/06/2012 |
25,000,000.00 |
CANARA BANK |
H.O. AT 112, JAYAMARAJENDRA
, BANGLORE - 560002, BRANCH AT R.D. SHAH BUILDING , GHATKOPAR (WEST), MUMBAI
- 400086, |
B44920957 |
|
3 |
10110959 |
25/07/2013 * |
52,830,000.00 |
CANARA BANK |
H.O. AT 112, JAYAMARAJENDRA
, BANGLORE - 560002, BRANCH AT R.D. SHAH BUILDING , GHATKOPAR (WEST), MUMBAI
- 400086, |
B80337702 |
* Date of charge modification
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.63.40 |
|
UK Pound |
1 |
Rs.98.94 |
|
Euro |
1 |
Rs.70.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
SMN |
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 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--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.