MIRA INFORM REPORT
|
Report No. : |
345476 |
|
Report Date : |
17.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
SMART CHIP PRIVATE LIMITED (w.e.f.28.05.2015) |
|
|
|
|
Formerly Known
as : |
SMART CHIP LIMITED |
|
|
|
|
Registered
Office : |
714, Raheja Chambers, 213, Nariman Point, Mumbai – 400021, Maharashtra |
|
Tel. No.: |
91-22-22873113 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
20.05.1996 |
|
|
|
|
Com. Reg. No.: |
11-099664 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 5.621 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30007MH1996PTC099664 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMS35288B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCS2005H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Subject is involved in providing smart card based system
integration solutions, UID services, sale of biometric devices/software and
their implementation at project site for various customers (including banks),
sale of smart cards for use in transportation, health and ID and IT enabled
services |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is a subsidiary of foreign company (Morpho Cards Gmbh,
Germany) incorporated in the year 1996. For the FY 2014, the company has achieved decent revenue marked by
satisfactory profitability margin of 6.01%. There is sharp increase in its
revenue and profitability margin as compared to previous year. The company possesses healthy financial risk profile marked by
adequate net worth base, low gearing, ample liquidity and there is favourable
gap between trade payables and receivables. Trade relations are fair. Business is active. Payments are regular and
as per commitment. In view of strong holding of the promoters, 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 |
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 DECLINED
Management Non-Cooperative (Tel No.; 91-120-4072900 / 22-26970585 /
22873113)
Mobile No.: 9899600932 (Continuously Ringing)
LOCATIONS
|
Registered Office : |
714, Raheja Chambers, 213, Nariman Point, Mumbai – 400021,
Maharashtra, India |
|
Tel. No.: |
91-22-65970585/ 22873113 |
|
Mobile No.: |
91-9899600932 (Mr. Sanjiv Jain) |
|
Fax No.: |
91-22-22820538 |
|
E-Mail : |
rajesh.taneja@smartchiponline.com |
|
|
|
|
Corporate Office : |
D – 216, Sector – 63, Noida – 201306, Uttar Pradesh, India |
|
Tel. No.: |
91-120-4072900 |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr.
Sanjeev Shriya |
|
Designation : |
Managing Director |
|
Address : |
113/101,
Swaroop Nagar, |
|
Date of Birth/Age : |
18.02.1959 |
|
Date of Appointment : |
01.08.2014 |
|
DIN No.: |
00014402 |
|
|
|
|
Name : |
Mr. Alok S. Mukherjee |
|
Designation : |
Whole-time director |
|
Address : |
K-12, 3rd Floor, Hauz Khas, New Delhi – 110 016, India |
|
Qualification : |
Master in Business Administration (MBA) |
|
Experience : |
30 Years |
|
Date of Birth/Age : |
17.07.1959 |
|
Date of Appointment : |
01.01.2010 |
|
DIN No.: |
00186055 |
|
|
|
|
Name : |
Mr. Philippe Dandrea |
|
Designation : |
Director |
|
Address : |
14 BSI RUE Hambetta LE, Mesnil LE ROI, Mesnil – 78600, France |
|
Date of Birth/Age : |
07.02.1959 |
|
Date of Appointment : |
30.09.2008 |
|
DIN No.: |
02016286 |
|
|
|
|
Name : |
Mr. Marc Antoine Guillard |
|
Designation : |
Director appointed in casual vacancy |
|
Address : |
2 Rue Fragonard, 92 Issy-Les-Moulineaux, Issy Les Moulineaux - 92130 |
|
Date of Birth/Age : |
27.04.1964 |
|
Date of Appointment : |
30.09.2008 |
|
DIN No.: |
02243589 |
|
|
|
|
Name : |
Mr. Franck Jean Michel Herault |
|
Designation : |
Alternate Director |
|
Address : |
I-20, Maharani Bagh, New Delhi – 110025, India |
|
Date of Birth/Age : |
20.08.1964 |
|
Date of Appointment : |
22.02.2012 |
|
DIN No.: |
02629247 |
|
|
|
|
Name : |
Jessica Westerouen Van Meeteren |
|
Designation : |
Additional Director |
|
Address : |
22-24, Chemin Jean Jullien, Ville D'Avray, France, 92410, France |
|
Date of Appointment : |
21.01.2015 |
|
DIN No.: |
07102860 |
KEY EXECUTIVES
|
Name : |
Mr. Surinder Mohan Kharbanda |
|
Designation : |
Chief Executive Officer |
|
Address : |
House No. 888, Sector 9, Faridabad - 121006, Haryana, India |
|
Date of Appointment : |
21.04.2015 |
|
PAN No.: |
ADEPK1756C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Balkrishna Shriya |
|
3375 |
|
Gauri Shriya |
|
5959 |
|
Vani Shriya |
|
3620 |
|
Vidushie Shriya |
|
1090 |
|
K.N. Kutty |
|
6 |
|
Jitendra Kumar Srinivastava |
|
2 |
|
Anil Pandey |
|
1 |
|
Shri Krishna Dubey |
|
1 |
|
Morpho Cards GmbH, Germany (Formerly (Sagem Orga GmbH) |
|
548100 |
|
Total |
|
562154 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
97.50 |
|
Directors or relatives of Directors |
2.50 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Subject is involved in providing smart card based
system integration solutions, UID services, sale of biometric devices/software
and their implementation at project site for various customers (including
banks), sale of smart cards for use in transportation, health and ID and IT
enabled services |
|
|
|
|
Products / Services : |
|
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
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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Auditors : |
|
|
Name : |
S. N. Dhawan and Company Chartered Accountants |
|
Address : |
C-37, Connought Place, New Delhi – 110001, India |
|
Tel. No.: |
91-11-43684444 |
|
Fax No.: |
91-11-43684445 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAQFS0580H |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Ultimate Holding
company: |
|
|
|
|
|
Other related
parties: |
U74920DL2010PTC201848
U72900MH2010PTC258677 |
|
Joint venture : |
Inlays India Private Limited, India U36999MH2009PTC195587 |
|
|
|
|
Subsidiary company
: |
U73100MH1996PLC101691
U73100MH1996PLC101691 |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
950000 |
Equity Shares |
Rs.10/- each |
Rs.9.500 Million |
|
550000 |
Preference Shares |
Rs.10/- each |
Rs.5.500 Million |
|
|
|
|
Rs.15.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
562154 |
Equity Shares |
Rs.10/- each |
Rs.5.621
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 |
5.621 |
5.621 |
5.621 |
|
(b) Reserves & Surplus |
578.405 |
462.951 |
426.372 |
|
(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) |
584.026 |
468.572 |
431.993 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.297 |
|
(b) Deferred tax liabilities (Net) |
7.170 |
8.515 |
0.000 |
|
(c) Other long term
liabilities |
31.681 |
24.427 |
6.405 |
|
(d) long-term provisions |
0.000 |
0.000 |
21.371 |
|
Total
Non-current Liabilities (3) |
38.851 |
32.942 |
28.073 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
52.796 |
57.860 |
164.568 |
|
(b) Trade payables |
320.687 |
286.823 |
143.151 |
|
(c) Other current liabilities |
141.459 |
143.382 |
105.866 |
|
(d) Short-term provisions |
134.819 |
64.493 |
21.667 |
|
Total
Current Liabilities (4) |
649.761 |
552.558 |
435.252 |
|
|
|
|
|
|
TOTAL |
1272.638 |
1054.072 |
895.318 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
102.428 |
128.271 |
164.633 |
|
(ii) Intangible Assets |
17.345 |
7.328 |
4.539 |
|
(iii) Capital work-in-progress |
14.924 |
10.511 |
47.096 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
149.503 |
149.503 |
162.014 |
|
(c) Deferred tax assets (net) |
69.470 |
35.958 |
11.369 |
|
(d) Long-term Loan and Advances |
9.928 |
32.528 |
30.280 |
|
(e) Other Non-current assets |
130.712 |
65.571 |
61.103 |
|
Total
Non-Current Assets |
494.310 |
429.670 |
481.034 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
71.838 |
125.570 |
48.164 |
|
(c) Trade receivables |
614.575 |
362.202 |
310.991 |
|
(d) Cash and cash equivalents |
10.591 |
28.541 |
10.583 |
|
(e) Short-term loans and
advances |
22.914 |
44.367 |
34.255 |
|
(f) Other current assets |
58.410 |
63.722 |
10.291 |
|
Total
Current Assets |
778.328 |
624.402 |
414.284 |
|
|
|
|
|
|
TOTAL |
1272.638 |
1054.072 |
895.318 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Revenue from Operations |
1919.989 |
1235.619 |
1116.906 |
|
|
Other Income |
38.326 |
31.511 |
8.758 |
|
|
TOTAL
(A) |
1958.315 |
1267.130 |
1125.664 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
307.851 |
399.761 |
228.639 |
|
|
Purchases of Stock-in-Trade |
478.781 |
0.000 |
0.000 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
50.632 |
0.000 |
0.000 |
|
|
Operating Expenses |
312.266 |
|
|
|
|
Employees benefits expense |
177.002 |
250.724 |
280.287 |
|
|
Prior Period items before tax |
0.000 |
0.009 |
0.231 |
|
|
Other expenses |
351.205 |
455.952 |
415.038 |
|
|
TOTAL
(B) |
1677.737 |
1106.446 |
924.195 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
280.578 |
160.684 |
201.469 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
9.881 |
12.395 |
14.824 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
270.697 |
148.289 |
186.645 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
91.356 |
90.027 |
101.385 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
179.341 |
58.262 |
85.260 |
|
|
|
|
|
|
|
Less |
TAX (H) |
63.888 |
21.682 |
33.388 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
115.453 |
36.580 |
51.872 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD (K) |
330.984 |
294.404 |
242.532 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S (J+K+L-M) |
446.437 |
330.984 |
294.404 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
205.37 |
65.07 |
92.27 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.056 |
0.347 |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
144.833 |
154.797 |
(32.523) |
|
Net cash flow from operating activity |
70.769 |
148.595 |
32.523 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
6.01 |
2.96 |
4.64 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
14.61 |
13.00 |
18.04 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.27 |
6.79 |
12.63 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31 |
0.12 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.09 |
0.12 |
0.38 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.20 |
1.13 |
0.95 |
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 |
5.621 |
5.621 |
5.621 |
|
Reserves & Surplus |
426.372 |
462.951 |
578.405 |
|
Net
worth |
431.993 |
468.572 |
584.026 |
|
|
|
|
|
|
long-term borrowings |
0.297 |
0.000 |
0.000 |
|
Short term borrowings |
164.568 |
57.860 |
52.796 |
|
Current Maturities Of
Long-Term Debts |
0.000 |
0.347 |
0.056 |
|
Total
borrowings |
164.865 |
58.207 |
52.852 |
|
Debt/Equity
ratio |
0.382 |
0.124 |
0.090 |
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) |
|
Sales |
1116.906 |
1235.619 |
1919.989 |
|
|
|
10.629 |
55.387 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1116.906 |
1235.619 |
1919.989 |
|
Profit |
51.872 |
36.580 |
115.453 |
|
|
4.64% |
2.96% |
6.01% |
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 |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 |
No |
|
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 |
BACKGROUND
The Company is involved in providing smart card based system integration solutions, UID services, sale of biometric devices/software and their implementation at project site for various customers (including banks), sale of smart cards for use in transportation, health and ID and IT enabled services.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short Term
Borrowing |
|
|
|
Working Capital loans from Banks |
52.796 |
57.860 |
|
Total |
52.796 |
57.860 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90157433 |
07/03/2000 |
5,013,000.00 |
INDIAN OVERSEAS BANK |
DEFENCE COLONY, NEW DELHI, Delhi, INDIA |
- |
FIXED ASSETS
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
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.64.96 |
|
|
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.73.99 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
AMT |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
53 |
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.