MIRA INFORM REPORT
|
Report No. : |
324585 |
|
Report Date : |
29.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
ROY GROUP OF INDUSTRIES |
|
|
|
|
Registered
Office : |
31/C, K.K. Banerjee Road, Berhampore, Murshidabad - 742101, West
Bengal |
|
Mobile No.: |
91-9475628128 |
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|
|
|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2015 (Provisional) |
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|
|
Date of
Incorporation: |
26.08.2010 |
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|
|
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Com. Reg. No.: |
190071102227 |
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|
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Capital
Investment / Paid-up Capital : |
Rs.7.452 million |
|
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TIN No.: |
Not Available |
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IEC No.: |
Not Available |
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CST No.: |
19767244038 |
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TIN No.: |
19767244038 |
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|
|
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AKHPR5914P |
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|
|
Legal Form : |
Sole Proprietary Concern |
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|
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|
Line of Business
: |
Manufacturer of P.S.C.C. Pole and Solar Mountain Block and also engage with Telecom Tower, Wire line projects and various types of civil works. |
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|
|
No. of Employees
: |
Approximately 126 (In Office: 6, In Factory: 100 and In Branch: 20) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
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 |
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|
|
|
Litigation : |
Clear |
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Comments : |
Subject is an established proprietary concern having satisfactory
track record. The concern is progressing well. General financial position of the
concern is sound and healthy. Trade relations are reported as fair. Business is active. Payment terms
are reported to be usually correct and as per commitment. The concern can considered normal 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.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Nirmalya Roy |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9475628128 |
|
Date : |
27.05.2014 |
LOCATIONS
|
Registered Office : |
31/C, K.K. Banerjee Road, Berhampore, Murshidabad - 742101, West
Bengal, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9475628128 (Mr. Nirmalya Roy) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
6000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
Suki More, P.O-Suki, P.S-Nabogram, Berhampur, Murshidabad, West
Bengal India |
|
Area : |
1,00,000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branch Office/
Factory : |
Khathal Guri More, Po - Kranti, P.S - Mbazar, Jalpaiguri, West Bengal,
India |
|
Area : |
1,50,000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Liaison Office: |
17, B.B. Sen Road, Berhampur, Murshidabad - 742101, West Bengal, India |
SOLE PROPRIETOR
|
Name : |
Mr. Nirmalya Roy |
|
Designation : |
Proprietor |
|
Address : |
31/C, K.K. Banerjee Road, Berhampur, Murshidabad - 742101, West
Bengal, India |
|
Date of Birth/Age : |
28.02.1977 |
|
Qualification : |
B. Sc., P.G. in
I.T, P.G. in Journalism and Mass Communication |
|
Experience : |
9 years |
KEY EXECUTIVES
|
KEY PERSONAL
: |
1) Mr. P.K.
Chatterjee, B.E (Mech), M.I.E, C. Engg (I ) , M.I.I.E. Experience:
- 30 years Working Experience with Engineering Division AND Electrical
Division of Andrew Yule and Co. Limited. In the field of works Management and
Industrial Engineering. 2) Sanjib Mandal , D.E.E (Electrical)
Experience: - Installation, commissioning and
maintenance of following items at
BTS cell sites. 5 years
experience in Distribution and cable laying work at Bajaj Electrical Limited ·
TELECOM INFRASTRUCTURE IN CIVIL AND ELECRTIAL WINGS ·
D.G
SET. ·
P.A.C ·
POWER
PLANT ( BATTERY AND S.M.P.S ) ·
·
AMF
PANEL ·
HT, LT AND
DTR ·
EARTHPIT
POSITION LAYOUT ·
ELECTRICAL
UTILITIES ON ·
·
TOWER
ERECTION ·
TYPICAL
LAYOUT FOR TOWER WITH SHELTER, DG AND ·
QUALITY TRLATED PUNCH POINT AND
RECTIFICATION ·
LAYOUT FOR ·
EXECUTION OF ·
LT AND HT POWER PROJECTS 3) Mr.
Arun Paul . B.Sc. L.C.E Experience:- 12 Years Experience with P.H.E. (Govt .Of
.W.B. ) 4) Mr. S. Chatterjee. B.Sc (Quality Control) Experience: - 30 Years working Experience
as a Research Assistant with P.W.D. Roads (Government of W.B.) 5 ) Mr. S. Chatterjee , B.E.
Textile Technology Experience: - 30 Years Experience with
Machines 7 Boiler Operation.
6) Mr. Subrata
Debnath , B.Com Experience: - 5
years experience in Distribution Project |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of P.S.C.C. Pole and Solar Mountain Block and also engage with Telecom Tower, Wire line projects and various types of civil works. |
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Products : |
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Brand Names : |
Not Divulged |
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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 : |
L/C |
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|
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Purchasing : |
L/C |
PRODUCTION STATUS (AS ON 31.03.2015):
|
Particulars |
Installed
Capacity |
Actual
Production |
|
8 and 9 MTRS long PCC Pole |
180 Days |
4500 Months |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Approximately 126 (In Office: 6, In Factory: 100 and In Branch: 20) |
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Bankers : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Harsh Jain and Company (S.K. Hasim Ali) Chartered Accountants |
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|
Address : |
Kolkata, West Bengal, India |
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Mobile No.: |
91-9434000408 |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Sister Concern: |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2015
|
Capital Investment : |
|
|
Owned : |
Rs.7.452 million |
|
Borrowed : |
-- |
|
Total : |
Rs.7.452 million |
|
LIABILITIES CAPITAL ACCOUNT |
|
31.03.2014 |
31.03.2013 |
|
As Per last a/c |
|
3.026 |
2.051 |
|
Add: Net Profit |
|
1.056 |
0.537 |
|
Add: Gain of Agri Land |
|
2.789 |
0.221 |
|
Add: Interest on F.D |
|
0.014 |
0.000 |
|
Add: Bank Interest |
|
0.003 |
0.000 |
|
Add: Profit For Transport |
|
0.000 |
0.057 |
|
Add: Stamp Duty For Land |
|
0.000 |
0.015 |
|
Add: Adjustment |
|
0.000 |
0.307 |
|
Total |
|
6.888 |
3.189 |
|
Less: Drawings |
|
|
|
|
Personal |
|
0.194 |
0.099 |
|
LIP |
|
0.046 |
0.008 |
|
Income Tax |
|
0.025 |
0.056 |
|
Advance I. Tax |
|
0.150 |
0.000 |
|
|
|
0.415 |
0.163 |
|
Total |
|
6.473 |
3.026 |
FINANCIAL DATA
[all figures are
in Rupees Million]
Note: Sole Proprietary and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2015 (Provisional) |
31.03.2014 |
31.03.2013 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Proprietor’s Capital |
7.452 |
6.473 |
3.026 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
7.452 |
6.473 |
3.026 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
4.700 |
4.526 |
7.256 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.005 |
|
|
TOTAL BORROWING |
4.700 |
4.526 |
7.261 |
|
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DEFERRED TAX LIABILITIES |
|
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|
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|
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|
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TOTAL |
12.152 |
10.999 |
10.287 |
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APPLICATION OF FUNDS |
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|
|
|
|
|
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|
FIXED ASSETS [Net Block] |
5.477 |
5.278 |
2.092 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.139 |
0.131 |
0.432 |
|
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
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|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.628
|
0.729
|
1.493
|
|
|
Sundry Debtors |
8.938
|
7.689
|
4.854
|
|
|
Cash in Hand |
1.374
|
1.464
|
1.403
|
|
|
Other Current Assets |
0.425
|
0.436
|
0.909
|
|
|
Loans & Advances |
0.295
|
0.307
|
0.140
|
|
Total
Current Assets |
11.660
|
10.625
|
8.799
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
5.018
|
1.008
|
|
|
Other Current Liabilities and Provisions |
|
0.020
|
0.028
|
|
Total
Current Liabilities |
5.124
|
5.036
|
1.036
|
|
|
Net Current Assets |
6.536
|
5.589
|
7.763
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
12.152 |
10.999 |
10.287 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2015 (Provisional) |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
51.272 |
45.704 |
20.558 |
|
|
Other Income |
0.074 |
0.085 |
0.352 |
|
|
TOTAL
|
51.346 |
45.789 |
20.910 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Goods Sold |
|
41.232 |
18.152 |
|
|
Salary and Wages |
|
0.227 |
0.143 |
|
|
Accounting Charges |
|
0.024 |
0.012 |
|
|
Bad debt |
|
0.000 |
0.000 |
|
|
Legal Fees |
|
0.045 |
0.000 |
|
|
Bank Charges |
|
0.132 |
0.073 |
|
|
Interest on Loan |
|
0.936 |
0.000 |
|
|
Miscellaneous Expenses |
|
0.196 |
0.000 |
|
|
Provision for Bad deb |
|
0.006 |
0.000 |
|
|
Fuel Charge |
|
0.236 |
0.067 |
|
|
Insurance Charges |
|
0.003 |
0.003 |
|
|
Garrage Rent |
|
0.030 |
0.016 |
|
|
Travelling Expenses |
|
0.417 |
0.034 |
|
|
Factory Expenses |
|
0.197 |
0.083 |
|
|
Fabrication Charges |
|
0.284 |
0.089 |
|
|
Audit Fees |
|
0.012 |
0.008 |
|
|
Repairing and Maintenance |
|
0.476 |
0.319 |
|
|
Subscription and Donation |
|
0.014 |
0.000 |
|
|
Electric Charges |
|
0.012 |
0.029 |
|
|
Bank Interest |
|
0.000 |
1.087 |
|
|
Mobile Charges |
|
0.000 |
0.008 |
|
|
TOTAL
|
49.911 |
44.479 |
20.123 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.435 |
1.310 |
0.787 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
0.257 |
0.255 |
0.251 |
|
|
|
|
|
|
|
|
NET PROFIT |
1.178 |
1.055 |
0.536 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2015 (Provisional) |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.30 |
2.31 |
2.61 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.45 |
2.87 |
3.83 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
6.82 |
6.59 |
4.73 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.16 |
0.16 |
0.18 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.63 |
0.70 |
2.40 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 (Provisional) |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
3.026 |
6.473 |
7.451 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
3.026 |
6.473 |
7.451 |
|
|
|
|
|
|
Secured Loans |
7.256 |
4.526 |
4.701 |
|
Unsecured Loans s |
0.005 |
0.000 |
0.000 |
|
Total
borrowings |
7.261 |
4.526 |
4.701 |
|
Debt/Equity
ratio |
2.400 |
0.699 |
0.631 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 (Provisional) |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
20.558 |
45.704 |
51.272 |
|
|
|
122.317 |
12.183 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 (Provisional) |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
20.558 |
45.704 |
51.272 |
|
Profit |
0.536 |
1.056 |
1.178 |
|
|
2.61% |
2.31% |
2.30% |
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 |
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 |
Yes |
|
17 |
Details of sister concerns |
No |
|
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 |
No |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or investigation
registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.90 |
|
|
1 |
Rs.98.16 |
|
Euro |
1 |
Rs.69.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.