MIRA INFORM REPORT
|
Report No. : |
343500 |
|
Report Date : |
02.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
DEV INFORMATION TECHNOLOGY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
14, Aryan Corporate Park, Near Shilaj Crossing, Thaltej, Ahmedabad -
380064, Gujarat |
|
Tel. No.: |
91-79-26304241/26305751/26308854 |
|
|
|
|
Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
23.12.1997 |
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Com. Reg. No.: |
04-033479 |
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Capital
Investment / Paid-up Capital : |
Rs. 5.000 Million |
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|
CIN No.: [Company Identification
No.] |
U30000GJ1997PTC033479 |
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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
: |
Subject is a systems integrator and ERP solutions provider company which provides ERP, CRM and EPM solutions. |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
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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Litigation : |
Clear |
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Comments : |
Subject was incorporated on 23rd December, 1997. It has
satisfactory track record. The company possesses a decent profile marked by decent networth base
along with fair liquidity and profitability. Trade relations are fair. Business is active. Payment terms are reported
to be 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
NSIC – CARE MSE Rating = SE1B |
|
Rating Explanation |
Moderate financial strength and higher performance capability. |
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 DENIED BY
|
Name : |
Ms. Chitra |
|
Designation : |
Office Executive |
|
Contact No.: |
91-79-26304241 |
|
Date : |
01.10.2015 |
LOCATIONS
|
Registered / Corporate Office: |
14, Aryan Corporate Park, Near Shilaj Crossing, Thaltej, Ahmedabad -
380064, Gujarat, India |
|
Tel. No.: |
91-79-26304241/26305751/26308854 |
|
Fax No.: |
Not Available |
|
E-Mail : |
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Website : |
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Regional Office
: |
90, Neelkanth Colony, Queens Road, Near Purani Chungi, Jaipur – 302021, Rajasthan, India |
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|
Overseas Office
: |
Dev Info-Tech North
America Limited 2425 Matheson Blvd E, 8th Floor, Mississauga, ON, L4W 5K4, CANADA |
|
Tel. No.: |
+1-905-361 2861 |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Pranav Niranjanbhai Pandya |
|
Designation : |
Director |
|
Address : |
B/82, Akash Flats, Opposite Premchandnagar, Judges Bunglows Road,
Bodakdev, Ahmedabad – 380054, Gujarat, India |
|
Date of Birth/Age : |
15.03.1968 |
|
Qualification: |
Microprocessor Engineer |
|
Date of Appointment : |
23.12.1997 |
|
DIN No.: |
00021744 |
|
|
|
|
Name : |
Mr. Jaiminbhai Jagdishbhai Shah |
|
Designation : |
Director |
|
Address : |
8, Satellite Society, Jodhpur Tekra, Near Central Bank of India,
Ahmedabad – 380015, Gujarat, India |
|
Date of Birth/Age : |
25.04.1973 |
|
Qualification: |
Bachelor Degree in Computer |
|
Date of Appointment : |
23.12.1997 |
|
DIN No.: |
00021880 |
|
|
|
|
Name : |
Mr. Vishal Nagendra Vasu |
|
Designation : |
Director |
|
Address : |
B-201, Amimangal Apartment Jodhapur, Satellite, Ahmedabad - 380015, Gujarat, India |
|
Date of Appointment : |
01.07.2014 |
|
DIN No.: |
02460597 |
|
|
|
|
Name : |
Mr. Prerak Pradyumna Shah |
|
Designation : |
Director |
|
Address : |
24, Ushadip Society Dr. S.R. Road, Polytechnic, Ahmedabad - 380015, Gujarat, India |
|
Date of Appointment : |
01.07.2014 |
|
DIN No.: |
02805369 |
KEY EXECUTIVES
|
Name : |
Ms. Chitra |
|
Designation : |
Office Executive |
MAJOR SHAREHOLDERS
As on: 30.09.2013
|
Names of
Shareholders |
|
No. of Shares |
|
Acadeny for Computer Training Pvt. Ltd. |
|
180 |
|
Amisha Jaiminbhai Shah |
|
45000 |
|
Chetanbhai Desai |
|
22500 |
|
Hemant Suryakant. Shah |
|
45000 |
|
Jagdishbhai Chinubhai Shah |
|
450 |
|
Jaimin Jagdishbhai Shah |
|
39600 |
|
Jaimin Jagdishbhai Shah (HUF ) |
|
11025 |
|
Jayshree Jagdishbhai Shah |
|
22500 |
|
Kiran Jiteshkumar Shah |
|
22500 |
|
Kruti Pranavbhai Pandya |
|
45000 |
|
Maduriben Niranjan Pandya |
|
45000 |
|
Manisha Mahendrabhai Shah |
|
23400 |
|
Meetaben Hemantbhai Shah |
|
270 |
|
Niranjanaben Satishbhai Jambudi |
|
900 |
|
Pranav N. Pandya (HUF ) |
|
11025 |
|
Pranav Niranjanbhai Pandya |
|
23400 |
|
Pratimaben Mohanlal Dersai |
|
45000 |
|
Rakhi Jagdishbhai Shah |
|
1350 |
|
Sapna V. Vasu |
|
20000 |
|
Saryuben Mahendrabhai. Shah |
|
45000 |
|
Urmilaben S. Parikh |
|
900 |
|
Vishal N. Vasu |
|
20000 |
|
Vishal N. Vasu (HUF) |
|
10000 |
|
Total |
|
500000 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is a systems integrator and ERP solutions provider company which provides ERP, CRM and EPM solutions. |
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Products / Services : |
Integrated Information Technology Solutions |
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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 : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
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 : |
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Facilities : |
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Auditors : |
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|
Name : |
Milin J. Jani and Company Chartered Accountants |
|
Address : |
3rd Floor, Shital Varsha Arcade, C G Road, Ahmedabad –
380009, Gujarat, India |
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Income-tax
PAN of auditor or auditor's firm : |
ABMPJ6309E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises having
common Key Management Personnel and/or their Relatives: |
· Devna Commercial Complex Private Limited · Anjanj Infrastructure Private Limited · Anjani Softech Private Limited · Byte Technosys Private Limited · Xduce Infotech Private Limited |
CAPITAL STRUCTURE
As on 31.03.2014
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 |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 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 |
5.000 |
5.000 |
0.500 |
|
(b) Reserves & Surplus |
73.894 |
63.846 |
62.362 |
|
(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) |
78.894 |
68.846 |
62.862 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
20.824 |
22.528 |
27.381 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
2.130 |
2.249 |
1.414 |
|
(d) long-term
provisions |
0.621 |
0.502 |
0.000 |
|
Total Non-current
Liabilities (3) |
23.575 |
25.279 |
28.795 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
37.118 |
24.328 |
9.851 |
|
(b) Trade
payables |
221.358 |
100.881 |
89.177 |
|
(c) Other
current liabilities |
11.429 |
26.344 |
30.139 |
|
(d) Short-term
provisions |
2.682 |
1.351 |
9.444 |
|
Total Current
Liabilities (4) |
272.587 |
152.904 |
138.611 |
|
|
|
|
|
|
TOTAL |
375.056 |
247.029 |
230.268 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
47.300 |
49.176 |
50.090 |
|
(ii)
Intangible Assets |
0.100 |
0.159 |
0.266 |
|
(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 |
3.466 |
3.250 |
2.780 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
3.758 |
|
(d) Long-term Loan and Advances |
10.745 |
14.957 |
7.707 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
61.611 |
67.542 |
64.601 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
40.998 |
58.375 |
46.282 |
|
(c) Trade
receivables |
220.100 |
93.840 |
82.858 |
|
(d) Cash
and cash equivalents |
31.115 |
10.507 |
23.860 |
|
(e)
Short-term loans and advances |
21.232 |
16.765 |
12.667 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
313.445 |
179.487 |
165.667 |
|
|
|
|
|
|
TOTAL |
375.056 |
247.029 |
230.268 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Revenue from operations |
568.555 |
431.374 |
347.496 |
|
|
Other Income |
2.587 |
1.221 |
1.318 |
|
|
TOTAL |
571.142 |
432.595 |
348.814 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
397.933 |
318.619 |
190.043 |
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
17.377 |
(12.092) |
(30.989) |
|
|
Employees benefits expense |
95.722 |
83.302 |
130.547 |
|
|
Other expenses |
29.130 |
19.190 |
21.238 |
|
|
TOTAL |
540.162 |
409.019 |
310.839 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
30.980 |
23.576 |
37.975 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
10.659 |
6.459 |
8.897 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
20.321 |
17.117 |
29.078 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.323 |
5.017 |
3.590 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
14.998 |
12.100 |
25.488 |
|
|
|
|
|
|
|
Less |
TAX |
4.081 |
6.007 |
8.473 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
10.917 |
6.093 |
17.015 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
11.870 |
7.362 |
0.928 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
1.000 |
1.000 |
10.000 |
|
|
Dividend Distribution Tax |
0.750 |
5.000 |
0.081 |
|
|
Proposed Dividend |
0.127 |
0.085 |
0.500 |
|
|
BALANCE CARRIED
TO THE B/S |
20.910 |
11.870 |
7.362 |
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
21.83 |
13.47 |
37.81 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
4.746 |
5.440 |
5.103
|
|
Cash generated from operations |
22.588 |
(1.814) |
NA |
|
Net Cash From Operating Activities |
13.905 |
(7.527) |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.92 |
1.41 |
4.90 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
5.45 |
5.47 |
10.93 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.04 |
4.96 |
11.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.18 |
0.41 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.73 |
0.68 |
0.59 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.15 |
1.17 |
1.20 |
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 |
0.500 |
5.000 |
5.000 |
|
Reserves & Surplus |
62.362 |
63.846 |
73.894 |
|
Net worth |
62.862 |
68.846 |
78.894 |
|
|
|
|
|
|
long-term borrowings |
27.381 |
22.528 |
20.824 |
|
Short term borrowings |
9.851 |
24.328 |
37.118 |
|
Current Maturities of
Long Term Debt |
5.103 |
5.440 |
4.746 |
|
Total borrowings |
42.335 |
52.296 |
62.688 |
|
Debt/Equity ratio |
0.673 |
0.760 |
0.795 |
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) |
|
Revenue from operations |
347.496 |
431.374 |
568.555 |
|
|
|
24.138 |
31.801 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Revenue from operations |
347.496 |
431.374 |
568.555 |
|
Profit |
17.015 |
6.093 |
10.917 |
|
|
4.90% |
1.41% |
1.92% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
---------------------- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
---------------------- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
---------------------- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
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 |
Note:
The registered office of the company has been shifted from F/1, Janpath
Apartments, Ambawadi Ahmedabad – 380015, Gujarat, India to the present address
w.e.f. 01.06.2011
OPERATIONS
The company posted a very healthy growth picture for the financial year 2013-14 in continuation to the last 6 year precedents of year on year positive growth story. During the year, the Company has achieved turnover of Rs.566.919 Million, as against previous year turnover of Rs. 431.374 Million. However, due to constant watch and vigil over operating expenses, during the year Gross Operating Profit before Depreciation and Tax is Rs. 20.321 Million as compared to Rs. 17.117 Million in previous year. The Company has penetrated deeply in Government Segment and also performed remarkably well in Private Corporate.
PERFORMANCE:
Income from services like I.T. enabled consultancy, software development etc. has increase from Rs 65.749 Million in previous year to Rs. 109.599 Million during the current year.
Whereas turnover of sale of I.T. products like Microsoft has increased from Rs.358.432 Million in Previous year to Rs.450.429 million in current year.
The change in composition and product mix has adversely affected the margins of the Company since margins of services Sector are always better compared to trading activities. The change in Income pattern has adversely affected Gross and Net margins of the Company. The Management is rigorously working hard to improve revenue from service sector.
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG TERM
BORROWINGS |
|
|
|
From Directors |
1.242 |
0.642 |
|
From Shareholders |
6.725 |
5.214 |
|
Total |
7.967 |
5.856 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10230871 |
17/04/2014 * |
30,000,000.00 |
THE KALUPUR COMMERCIAL COOPERATIVE BANK LIMITED |
S.M.ROAD BRANCH, SHIVRANJANI CROSS ROAD, AHMEDABAD - 380015, Gujarat, INDIA |
C04734356 |
|
2 |
10230870 |
02/05/2015 * |
115,000,000.00 |
THE KALUPUR COMMERCIAL COOPERATIVE BANK LIMITED |
S.M.ROAD BRANCH, SHIVRANJANI CROSS ROAD, AHMEDABAD - 380015, Gujarat, INDIA |
C54506290 |
* Date of charge modification
FIXED ASSETS
v
Tangible
Assets
· Office Building
· Furniture and Fixtures
· Office Equipment
· Computers
· Vehicles
v Intangible Assets
· 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 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.65.55 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.73.07 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
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 |
|
46 |
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.