MIRA INFORM REPORT
|
Report No. : |
340192 |
|
Report Date : |
07.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
TEAMLEASE SERVICES LIMITED (w.e.f. 24.07.2015) |
|
|
|
|
Formerly Known
As : |
TEAM LEASE SERVICES LIMITED (w.e.f. 15.05.2015) TEAM LEASE SERVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Office No. 6, 3rd Floor, C Wing, Laxmi Towers, Bandra Kurla Complex, Bandra
(East), Mumbai – 400051, Maharashtra |
|
Tel. No.: |
91-22-66419500 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
02.02.2000 |
|
|
|
|
Com. Reg. No.: |
11-124003 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.5.111 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74140MH2000PLC124003 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company currently provides clients, solution for their staffing and HR requirements offering a gamut of services that include Temporary Staffing, Permanent Recruitment, Payroll Process Outsourcing, Regulatory Compliance Services, Vocational Training / Education and Assessments. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established in 2000 by Mr. Manish Sabharwal, Mr. Ashok
Reddy and Mr. Mohit Gupta. It is a large domestic player in the human
resource (HR) services industry, with a dominant market position in the
temporary staffing segment. It has satisfactory track record. The rating takes into consideration its strong financial risk profile
with large networth base and low gearing. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered normal for business dealing 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 |
CRISIL |
|
Rating |
Long term rating= BBB+ |
|
Rating Explanation |
Have moderate degree of safety and carry
moderate credit risk. |
|
Date |
26.08.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Commercial paper programme= A2 |
|
Rating Explanation |
Have strong degree of safety and carry low
credit risk. |
|
Date |
26.08.2015 |
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 DENIED
Management Non-Cooperative (91-22-33002345)
LOCATIONS
|
Registered Office : |
Office No. 6, 3rd Floor, C Wing, Laxmi Towers, Bandra Kurla Complex, Bandra
(East), Mumbai – 400051, Maharashtra, India |
|
Tel. No.: |
91-22-66419500 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Ashok Kumar Nedurumalli |
|
Designation : |
Managing Director |
|
Address : |
6-3-1109/2, Janpriya, Rajbhavan Road, Somajiguda, Hyderabad - 500082, Telangana, India |
|
Date of Birth/Age : |
19.02.1970 |
|
Date of Appointment : |
14.02.2002 |
|
PAN No.: |
AABPN5151G |
|
DIN No.: |
00151814 |
|
|
|
|
Name : |
Mr. Gopal Jain |
|
Designation : |
Director |
|
Address : |
Flat No.1, 1st Floor, Ramalayam, 46 Peddar Road, Mumbai - 400026,
Maharashtra, India |
|
Date of Birth/Age : |
13.02.1971 |
|
Date of Appointment : |
13.11.2009 |
|
DIN No.: |
00032308 |
|
|
|
|
Name : |
Mr. Vraghunathan |
|
Designation : |
Director |
|
Address : |
A Block, No. G 02, The Elgin, H S Road, Bangalore - 560025, Karnataka,
India |
|
Date of Appointment : |
09.07.2015 |
|
DIN No.: |
00254091 |
|
|
|
|
Name : |
Mr. Manish Mahendra Sabharwal |
|
Designation : |
Director |
|
Address : |
48, Hatkesh Society, N/S Road No. 7, Juhu, Mumbai - 400049,
Maharashtra, India |
|
Date of Birth/Age : |
29.12.1969 |
|
Date of Appointment : |
02.02.2000 |
|
PAN No.: |
AGVPS6333F |
|
DIN No.: |
00969601 |
|
|
|
|
Name : |
Mr. Narayan Ramachandran |
|
Designation : |
Director |
|
Address : |
D-51, Sobha Ivory 2, 7/I, St. Johns Road, Ulsoor, Bangalore - 560042,
Karnataka, India |
|
Date of Appointment : |
09.07.2015 |
|
DIN No.: |
01873080 |
|
|
|
|
Name : |
Mrs. Latika Prakash Pradhan |
|
Designation : |
Director |
|
Address : |
B 1102 Chaitanya Towers, Appasaheb Marathe Marg Prabhadevi, Mumbai -
400025, Maharashtra, India |
|
Date of Appointment : |
09.07.2015 |
|
DIN No.: |
07118801 |
KEY EXECUTIVES
|
Name : |
Mr. Ravi Vishwanath Narayanaswamy |
|
Designation : |
Chief Financial Officer |
|
Address : |
464/465 1st Cross, Iv Block, Kormangala, Bangalore - 560034,
Karnataka, India |
|
Date of Appointment : |
07.05.2015 |
|
PAN No.: |
ACDPV2279B |
|
|
|
|
Name : |
Mr. Mruthunjaya Murthy |
|
Designation : |
Secretary |
|
Address : |
C1 302, Sree Prakruthi Apartments, Thindlu Main Road, Kodigehalli,
Bangalore - 560097, Karnataka, India |
|
Date of Appointment : |
07.05.2015 |
|
PAN No.: |
ACWPM0838L |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
SHAREHOLDERS DETAILS FILE ATTACHED
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] |
71.54 |
|
Bodies corporate |
24.04 |
|
Directors or relatives of Directors |
0.22 |
|
Other top fifty shareholders |
4.13 |
|
Others |
0.07 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company currently provides clients, solution for their staffing and HR requirements offering a gamut of services that include Temporary Staffing, Permanent Recruitment, Payroll Process Outsourcing, Regulatory Compliance Services, Vocational Training / Education and Assessments. |
|
|
|
|
Brand Names : |
Not Divulged |
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|
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|
Agencies Held : |
Not Divulged |
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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
|
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 : |
Price Waterhouse and Company, Bangalore LLP Chartered Accountants |
|
Address : |
2 5 2 Veer Savarkar Marg, Shivaji Park West, Mumbai – 400028, Maharashtra, India |
|
PAN No.: |
AADFP9359C |
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|
|
|
Memberships : |
Not Divulged |
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|
|
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Collaborators : |
Not Divulged |
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|
|
|
Holding Company : |
· HR Offshoring Ventures Pte Limited |
|
|
|
|
Subsidiary
Companies : |
· IIJT Education Private Limited · TeamLease Education Foundation · India Tourism and Hospitality Skills Education Private Limited · National Employability Apprenticeship Services |
|
|
|
|
Enterprises over which key Management Personnel
are able to exercise significant influence with whom transactions have taken
place : |
· India Life Capital Private Limited (ILCPL) · Hansini Management Consultants Private Limited (Earlier known as India Life and Credit Holdings Private Limited) · TeamLease Skills University |
CAPITAL STRUCTURE
AFTER 30.09.2014
Authorised Capital: Rs.250.000 Million
Issued, Subscribed & Paid-up Capital: Rs.153.321
Million
AS ON 30.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Re.1/- each |
Rs.10.000 Million |
|
170000 |
Preference Shares |
Rs.100/- each |
Rs.17.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs.27.000
Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5110688 |
Equity Shares |
Rs.10/- each |
Rs.5.111 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 |
5.111 |
5.111 |
5.111 |
|
(b) Reserves & Surplus |
1151.430 |
955.403 |
952.745 |
|
(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) |
1156.541 |
960.514 |
957.856 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.349 |
0.746 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
55.969 |
54.986 |
48.150 |
|
(d) long-term
provisions |
129.709 |
91.063 |
15.863 |
|
Total Non-current
Liabilities (3) |
185.678 |
146.398 |
64.759 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
8.223 |
120.406 |
74.665 |
|
(b) Trade
payables |
0.000 |
0.000 |
0.000 |
|
(c) Other
current liabilities |
1015.521 |
956.670 |
877.979 |
|
(d) Short-term
provisions |
58.711 |
39.033 |
6.704 |
|
Total Current
Liabilities (4) |
1082.455 |
1116.109 |
959.348 |
|
|
|
|
|
|
TOTAL |
2424.674 |
2223.021 |
1981.963 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
29.417 |
42.816 |
118.500 |
|
(ii)
Intangible Assets |
15.166 |
18.107 |
14.402 |
|
(iii)
Capital work-in-progress |
16.380 |
0.000 |
14.981 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
23.815 |
23.815 |
23.715 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
250.679 |
316.314 |
222.387 |
|
(e) Other
Non-current assets |
149.479 |
93.622 |
17.844 |
|
Total Non-Current
Assets |
484.936 |
494.674 |
411.829 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
2.446 |
5.305 |
8.969 |
|
(c) Trade
receivables |
588.773 |
593.572 |
549.323 |
|
(d) Cash
and cash equivalents |
843.332 |
776.773 |
810.762 |
|
(e)
Short-term loans and advances |
288.339 |
107.198 |
92.888 |
|
(f) Other
current assets |
216.848 |
245.499 |
108.192 |
|
Total
Current Assets |
1939.738 |
1728.347 |
1570.134 |
|
|
|
|
|
|
TOTAL |
2424.674 |
2223.021 |
1981.963 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
15293.300 |
12493.400 |
9241.900 |
|
|
|
Interest & Other Income |
101.500 |
155.300 |
92.300 |
|
|
|
TOTAL |
15394.800 |
12648.700 |
9334.200 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
15180.100 |
12610.100 |
9481.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
214.700 |
38.600 |
(147.200) |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
18.700 |
35.900 |
37.100 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
196.000 |
2.700 |
(184.300) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
196.000 |
2.700 |
(184.300) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
38.35 |
-- |
-- |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.349 |
0.375 |
0.458 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
(132.445) |
(0.070) |
(275.866) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
1.28 |
0.02 |
(1.99) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
8.22 |
0.12 |
(9.48) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.00 |
(0.19) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.01 |
0.13 |
0.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.79 |
1.55 |
1.64 |
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 |
5.111 |
5.111 |
5.111 |
|
Reserves & Surplus |
952.745 |
955.403 |
1151.430 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
957.856 |
960.514 |
1156.541 |
|
|
|
|
|
|
long-term borrowings |
0.746 |
0.349 |
0.000 |
|
Short term borrowings |
74.665 |
120.406 |
8.223 |
|
Current Maturities of Long term debt |
0.458 |
0.375 |
0.349 |
|
Total
borrowings |
75.869 |
121.130 |
8.572 |
|
Debt/Equity
ratio |
0.079 |
0.126 |
0.007 |
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 |
9241.900 |
12493.400 |
15293.300 |
|
|
|
35.182 |
22.411 |
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
|
9241.900 |
12493.400 |
15293.300 |
|
Profit |
(184.300) |
2.700 |
196.000 |
|
|
(1.99%) |
0.02% |
1.28% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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) |
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 |
GENERAL INFORMATION
Subject is an HR Services Company incorporated on February 2, 2000. The Company currently provides clients, solution for their staffing and HR requirements offering a gamut of services that include Temporary Staffing, Permanent Recruitment, Payroll Process Outsourcing, Regulatory Compliance Services, Vocational Training / Education and Assessments.
OPERATIONS
Subject achieved a gross turnover of Rs.15394.800 million for the year ended March 31, 2014 as compared to Rs.12648.700 million in the previous year, an increase of Rs.2746.100 million over the previous year. Subject was able to turnaround with a profit of Rs.196.000 million for the year ended March 31, 2014 vis- is a nominal profit of Rs.2.700 million for the previous year ended March 31, 2013.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10037277 |
22/12/2006 |
10,000,000.00 |
HDFC Bank Limited |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
A10407476 |
FIXED ASSETS:
·
Furniture and Fixture
·
Office Equipment
· Computer Software
·
Vehicles
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.66.40 |
|
|
1 |
Rs.101.19 |
|
Euro |
1 |
Rs.73.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
50 |
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.