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MIRA INFORM REPORT
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Report No. : |
501829 |
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Report Date : |
09.04.2018 |
IDENTIFICATION DETAILS
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Name : |
VINEY CORPORATION LIMITED (w.e.f.21.02.2015) |
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Formerly Known
As : |
VINEY CORPORATION PRIVATE LIMITED (w.e.f.23.02.2011) VINEY AUTO PRIVATE LIMITED |
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Registered
Office : |
B-172, Ground and 1st Floor, Lok Vihar, Pitampura, New Delhi - 110034 |
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Tel. No.: |
91-11-27351318 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of Incorporation
: |
06.03.1992 |
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Com. Reg. No.: |
55-047911 |
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Capital
Investment / Paid-up Capital : |
INR 221.000 Million |
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CIN No.: [Company Identification
No.] |
U74899DL1992PLC047911 |
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IEC No.: [Import-Export Code No.] |
0592021254 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACV0446L |
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TIN No.: |
07570226508 |
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GSTN : [Goods & Service Tax
Registration No.] |
07AAACV0446L1ZA |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturing of Auto Components includes Wiring Harness, Terminals, Connectors, Wires, Automotive Lamps and Switches. [Registered Activity] |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 6436000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1992 having a good track record. It is engaged as Manufacturing of Auto Components includes Wiring Harness, Terminals, Connectors, Wires, Automotive Lamps and Switches. For the financial year 2017 the company has reported a marginal dip in its revenue as compared to its previous year but has maintained fair profit margin during the year. Rating take into consideration, the healthy financial risk profile marked by adequate net worth base and strong debt protection metrics. Rating continue to derive strength from its long and established track record of its business operation backed by established market position, driven by a diversified geographical presence and a strong, reputed customer base. However, these rating strength gets partially offset by the exposure to risks related to cyclicality in the auto industry and working capital intensity in operations. Payment seems to be regular. In view of aforesaid, the company can be considered 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.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
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Rating |
Long Term Rating = BBB+ |
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Rating Explanation |
Moderate degree of safety and moderate credit risk |
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Date |
27.02.2017 |
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
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 09.04.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
LOCATIONS
|
Registered/ Corporate Office : |
B-172, Ground and 1st Floor, Lok Vihar, Pitampura, New Delhi – 110034,
India |
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Tel. No.: |
91-11-27351318 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website: |
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Branch Office/
Plants : |
Plot No. 42, Sector-3, IMT Manesar, Gurgaon-122050, Haryana, India |
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Tel. No.: |
91-124-4567400 |
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Fax No.: |
91-124-4567451 |
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Other Factories : |
· Plot No. 93-94, Sector-54, Phase-V, Industrial Estate, Kundli-111111, Haryana, India · G-21, Chakan Industrial Area, Phase-III, Village-Nighoje, Taluka-Khed, District Pune-410501, Maharashtra, India · SY No.575/1A, No.1, Rayakotta, Matigiri, Hosur-635110, Tamilnadu, India · Plot No. 1/76 and 1/78, Village Lumbania, Patwar Halka Basised Falodi, Jodhpur-342301, Rajasthan, India · Plot No. 24, I.P.-4, Village Begumpur Pargana-Roorkee, District Haridwar-249402, Uttarakhand, India · Plot No.46 to 55, 68 to 77, Sicop Kathua, Jammu and Kashmir, India · Plot No. 7, IIE Pantnagar, Rudrapur, Uttarakhand, India |
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Overseas Plants : |
· Via Vincenzo Monti, 38, 20016 Pero (MI) · HIT Park, St. Garii, 607235, Bacau, Romania |
DIRECTORS
AS ON: 31.03.2017
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Name : |
Mr. Anil Parkash Agarwal |
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Designation : |
Director |
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Address : |
40, Road No.43, West Punjabi Bagh, Delhi – 110026, India |
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Date of Birth/Age : |
12.07.1966 |
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Date of Appointment : |
16.03.1992 |
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Qualification : |
Graduate |
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PAN No.: |
AAHPP2296C |
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DIN No.: |
00248475 |
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Name : |
Mr. Viney Parkash Aggarwal |
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Designation : |
Whole-time Director |
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Address : |
132, First Floor, Engineers Enclave, Pitampura, New Delhi – 110034, India |
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Date of Birth/Age : |
27.04.1969 |
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Qualification : |
Graduate |
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Date of Appointment : |
30.09.2011 |
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PAN No.: |
AAHPP2297D |
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DIN No.: |
00248671 |
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Name : |
Mr. Rakesh Kumar Aggarwal |
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Designation : |
Whole-time Director |
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Address : |
D-631, Saraswati Vihar, Pitampura, New Delhi – 110034, India |
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Date of Birth/Age : |
21.03.1974 |
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Date of Appointment : |
01.10.2013 |
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Qualification : |
Graduate |
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PAN No.: |
AAJPK4003C |
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DIN No.: |
00248752 |
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Name : |
Mr. Brijesh Aggarwal |
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Designation : |
Managing Director |
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Address : |
D-631, 1st Floor, Saraswati Vihar, Pitampura, New Delhi – 110034, India |
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Date of Birth/Age : |
27.11.1975 |
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Qualification : |
Graduate |
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Date of Appointment : |
01.04.2004 |
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PAN No.: |
AALPA3343B |
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DIN No.: |
00511293 |
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Name : |
Mr. Suresh Chand Gupta |
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Designation : |
Director |
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Address : |
20, Shir Ram Road, Civil Lines, Delhi – 110054, India |
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Date of Birth/Age : |
08.02.1954 |
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Qualification : |
Chartered Accountant |
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Date of Appointment : |
27.08.2015 |
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PAN No.: |
AAJPG3630P |
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DIN No.: |
00541198 |
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Name : |
Mr. Rameshwar Dayal Goyal |
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Designation : |
Director |
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Address : |
B-802, Nikka Singh Block, Asian Games Village, New Delhi – 110049, India |
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Date of Birth/Age : |
16.02.1954 |
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Qualification : |
Engineer |
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Date of Appointment : |
27.08.2015 |
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PAN No.: |
ACDPG8728J |
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DIN No.: |
02705827 |
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Name : |
Mrs. Priyanka Aggarwal |
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Designation : |
Wholetime Director |
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Address : |
D-631, Ist Floor, Saraswati Vihar Pitampura New Delhi 110034 Dl In |
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Date of Birth/Age : |
20.08.1977 |
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Qualification : |
Graduate |
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Date of Appointment : |
04.02.2015 |
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PAN No.: |
AFVPA1743C |
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DIN No.: |
07062988 |
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Name : |
Mr. Anant Aggarwal |
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Designation : |
Director |
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Address : |
132,First Floor, Engineers Enclave Pitampura,Delhi-110034, India |
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Date of Birth/Age : |
22.01.1998 |
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Qualification : |
Graduate |
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Date of Appointment : |
01.04.2017 |
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PAN No.: |
BTOPA0115Q |
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DIN No.: |
07062988 |
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KEY EXECUTIVES
|
Name : |
Mr. Arun Kumar Mallik |
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Designation : |
Chief Finance Officer |
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Address : |
K-2165, Pipal Road, Mohan Garden, Uttam Nagar, New Delhi 110059, India |
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Date of Birth/Age : |
30.12.1968 |
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Qualification : |
MBA |
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Date of Appointment : |
16.09.2016 |
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PAN No.: |
AEOPM8269D |
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|
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Name : |
Mr. Sunil Gupta |
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Designation : |
Company Secretary |
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Address : |
Post Chanana, District Jhunjhunu 333026, Rajasthan, India |
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Date of Birth/Age : |
20.05.1988 |
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Date of Appointment : |
03.06.2015 |
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PAN No.: |
APZPG6391J |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Brijesh Aggarwal |
|
2641997 |
|
Priyanka Aggarwal |
|
1632000 |
|
Master Deep Aggarwal |
|
93003 |
|
Brijesh Aggarwal HUF |
|
70000 |
|
Viney Prakash Aggarwal |
|
3201250 |
|
Viney Prakash HUF |
|
416051 |
|
Shobha Aggarwal |
|
3469590 |
|
Anant Aggarwal |
|
1755160 |
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Anil Prakash Aggarwal |
|
1846346 |
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Anil Prakash HUF |
|
67000 |
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Sudesh Aggarwal, Akshay Aggarwal, Palak Aggarwal |
|
30003 |
|
Sudesh Kumari |
|
2446590 |
|
Rakesh Kumar Aggarwal |
|
2227830 |
|
Ritu Aggarwal |
|
1531250 |
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Master Deep Aggarwal |
|
621930 |
|
Yukti Aggarwal |
|
50000 |
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|
|
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Total |
|
22100000 |
AS ON: 24.11.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Auto Components includes Wiring Harness, Terminals, Connectors, Wires, Automotive Lamps and Switches. [Registered Activity] |
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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 : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Not Available |
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Purchasing : |
Not Available |
PRODUCTION STATUS: [NOT AVAILABLE]
GENERAL INFORMATION
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Suppliers : |
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Customers : |
·
Delphi ·
Lumax ·
Denso ·
UM ·
Minda, etc. |
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No. of Employees : |
Not Available |
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Bankers : |
· Citibank NA Jeevan Vihar, 3 Sansad Marg, New Delhi - 110001, India · Standard Chartered Bank Credit Risk Control, Narain Manzil, 23 Barakhamba Road, New Delhi - 110001, Delhi, India ·
HDFC Bank Limited |
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Facilities : |
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Auditors : |
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Name : |
R.N. Saraf and Company Chartered Accountants |
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Address : |
2659/2, Gurudwara Road, Karol Bagh, Delhi, India |
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PAN No.: |
AATPS5918C |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary
companies : |
· Vimercati S.P.A, Italy · Viney Corp East Europe S.R.L · Viney Auto Exports Private Limited ·
Viney Corp. East Europe S.R.L., Romania |
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|
|
|
Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and
their relatives |
· Uravi T And Wedge Lamps Private Limited · HH Industries · Jugal Kishore Associate Private Limited · Viney Corp Middle East Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
29750000 |
Equity Shares |
INR 10/- each |
INR 297.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22100000 |
Equity Shares |
INR 10/- each |
INR 221.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
221.000 |
221.000 |
221.000 |
|
(b) Reserves and Surplus |
2031.680 |
1635.322 |
1348.978 |
|
(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) |
2252.680 |
1856.322 |
1569.978 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
223.982 |
318.282 |
598.631 |
|
(b) Deferred tax liabilities (Net) |
67.839 |
67.506 |
67.080 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
9.406 |
2.827 |
3.565 |
|
Total Non-current
Liabilities (3) |
301.227 |
388.615 |
669.276 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
90.204 |
233.085 |
274.420 |
|
(b) Trade
payables |
302.546 |
201.865 |
195.516 |
|
(c) Other
current liabilities |
109.252 |
211.681 |
183.465 |
|
(d) Short-term
provisions |
15.939 |
1.908 |
1.416 |
|
Total Current
Liabilities (4) |
517.941 |
648.539 |
654.817 |
|
|
|
|
|
|
TOTAL |
3071.848 |
2893.476 |
2894.071 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
778.637 |
779.856 |
776.345 |
|
(ii)
Intangible Assets |
1.832 |
1.092 |
0.116 |
|
(iii) Tangible assets
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 |
642.363 |
635.873 |
612.300 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
6.100 |
3.624 |
13.964 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1428.932 |
1420.445 |
1402.725 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
433.910 |
373.753 |
381.049 |
|
(c) Trade
receivables |
853.484 |
946.044 |
914.275 |
|
(d) Cash and
bank balances |
301.468 |
69.687 |
84.241 |
|
(e)
Short-term loans and advances |
51.789 |
79.279 |
106.843 |
|
(f) Other
current assets |
2.265 |
4.268 |
4.938 |
|
Total
Current Assets |
1642.916 |
1473.031 |
1491.346 |
|
|
|
|
|
|
TOTAL |
3071.848 |
2893.476 |
2894.071 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
3012.671 |
3110.480 |
3200.936 |
|
|
Other Income |
28.488 |
20.571 |
57.149 |
|
|
TOTAL |
3041.159 |
3131.051 |
3258.085 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1738.163 |
1872.786 |
2013.424 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(19.481) |
1.655 |
6.996 |
|
|
Employee benefit expense |
388.940 |
331.113 |
282.745 |
|
|
CSR expenditure |
8.300 |
5.100 |
2.369 |
|
|
Other expenses |
320.362 |
307.901 |
332.181 |
|
|
Exceptional items |
0.000 |
7.373 |
0.000 |
|
|
TOTAL |
2436.284 |
2525.928 |
2637.715 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
604.875 |
605.123 |
620.370 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
24.799 |
81.411 |
82.599 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
580.076 |
523.712 |
537.771 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
70.886 |
78.599 |
74.015 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
509.190 |
445.113 |
463.756 |
|
|
|
|
|
|
|
Less |
TAX |
112.832 |
94.931 |
118.465 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
396.358 |
350.182 |
345.291 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
250.812 |
311.819 |
300.921 |
|
|
TOTAL EARNINGS |
250.812 |
311.819 |
300.921 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
522.583 |
555.199 |
544.463 |
|
|
Components and spare
parts |
0.000 |
1.778 |
0.289 |
|
|
Capital Goods |
19.001 |
10.922 |
12.487 |
|
|
TOTAL IMPORTS |
541.584 |
567.899 |
557.239 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
17.94 |
15.85 |
15.62 |
|
|
Diluted |
12.41 |
11.05 |
7.59 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
84.464 |
184.233 |
147.850 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
757.272 |
579.938 |
386.498 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
660.935 |
486.252 |
289.520 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
103.40 |
111.01 |
104.25 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.53 |
3.29 |
3.50 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
63.53 |
39.34 |
35.44 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.39 |
1.62 |
1.63 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.78 |
0.77 |
0.80 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.27 |
0.40 |
0.48 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.18 |
0.40 |
0.65 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.23 |
0.35 |
0.42 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.35 |
0.42 |
0.49 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
24.39 |
7.43 |
7.51 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
13.16 |
11.26 |
10.79 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
12.90 |
12.10 |
11.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
17.59 |
18.86 |
21.99 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
3.17 |
2.27 |
2.28 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
2.33 |
1.70 |
1.70 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.73 |
0.64 |
0.54 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.80 |
3.33 |
4.62 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
3.17 |
2.27 |
2.28 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
221.000 |
221.000 |
221.000 |
|
Reserves & Surplus |
1348.978 |
1635.322 |
2031.680 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1569.978 |
1856.322 |
2252.680 |
|
|
|
|
|
|
long-term borrowings |
598.631 |
318.282 |
223.982 |
|
Short term borrowings |
274.420 |
233.085 |
90.204 |
|
Current Maturities of Long
term debt |
147.850 |
184.233 |
84.464 |
|
Total
borrowings |
1020.901 |
735.600 |
398.650 |
|
Debt/Equity
ratio |
0.650 |
0.396 |
0.177 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
3200.936 |
3110.480 |
3012.671 |
|
|
|
-2.826 |
-3.144 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
3200.936 |
3110.480 |
3012.671 |
|
Profit/ (Loss) |
345.291 |
350.182 |
396.358 |
|
|
10.79% |
11.26% |
13.16% |
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 |
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 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 |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G37340957 |
100080735 |
INDUSIND BANK LTD. |
20/02/2017 |
- |
- |
300000000.0 |
2401 GEN THIMMAYYA ROADCONTONMENTPUNEMA411001IN |
|
2 |
G03950300 |
10559630 |
STANDARD CHARTERED BANK |
31/03/2015 |
17/05/2016 |
- |
160000000.0 |
CREDIT RISK CONTROLNARAIN MANZIL, 23 BARAKHAMBA ROADNEW DELHIDL110001IN |
|
3 |
G46492815 |
10531802 |
HDFC BANK LIMITED |
20/09/2014 |
01/06/2017 |
- |
150000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
4 |
B23899776 |
10314085 |
STANDARD CHARTERED BANK (ACTING AS AN SECURITY AGENT) |
20/10/2011 |
- |
- |
85000000.0 |
CREDIT RISK CONTROLNARAIN MANZIL, 23 BARAKHAMBA ROADNEW DELHIDL110001IN |
|
5 |
B37396561 |
10313466 |
STANDARD CHARTERED BANK |
20/10/2011 |
20/03/2012 |
- |
150000000.0 |
CREDIT DOCUMENTATION UNITNARAIN MANZIL, 23 BARAKHAMBA ROADNEW DELHIDL110001IN |
|
6 |
Y10140961 |
90060866 |
ORIENTAL BANK OF COMMERCE |
04/03/1996 |
- |
- |
500000.0 |
G. T. KARNAL ROADDELHIDLIN |
|
7 |
Y10140781 |
90060686 |
ORIENTAL BANK OF COMMERCE |
13/06/1995 |
- |
- |
1000000.0 |
G. T. KARNAL ROADDELHIDLIN |
|
8 |
G31448756 |
10314081 |
STANDARD CHARTERED BANK |
20/10/2011 |
16/12/2015 |
08/12/2016 |
390000000.0 |
(ACTING AS SECURITY AGENT) CDUNARAIN MANZIL, 23 BARAKHAMBA ROADNEW DELHIDL110001IN |
|
9 |
B38521241 |
10040552 |
CITIBANK N.A. |
22/02/2007 |
21/07/2008 |
20/04/2012 |
60000000.0 |
JEEVAN VIHAR, 3 SANSAD MARGNEW DELHIDL110001IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Fully convertible debentures others |
100.000 |
100.000 |
|
|
|
|
|
Total |
100.000 |
100.000 |
CORPORATE
INFORMATION:
Subject (the company) was incorporated in India on 6th March 1992. The Company is primarily involved in the manufacturing of auto components.
THE STATE OFCOMPANY’S
AFFAIRS
Established in 1989, Viney Corp is a diversified auto components producer with manufacturing footprint in India and Europe. The Company manufacturing products includes Wiring Harness, Terminals, Connectors, Wires, Automotive Lamps and Switches at its 8 plants in India, 2 in Italy and 1 in Romania, these products are supplied to major OEMs for two wheeler, four wheeler and commercial vehicle segments in India and Europe.
The Company’s key customers include Alfa Romeo BMW, Denso, Delphi, Fiat, Hero Motocorp, Lancia, Mini, Minda Corporation, Renault, Rolls Royce, Motherson Sumi, Federal Mogul, Subros and Volkswagen.
RESULTS OF OPERATIONS:
The Company achieved a total turnover of INR 3330.500 Million during the financial year 2016-17as compared to INR 3431.400 Million in the previous year thereby registering a decrease of approximately 2.94% over previous year. However, the Profit after tax was INR 396.400 Million in the financial year 2016-17as against INR 350.200 Million of the previous year there by registering increase of approximately 13.19% over previous year.
FIXED ASSETS:
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipments
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 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
|
INR |
|
US Dollar |
1 |
INR 64.99 |
|
UK Pound |
1 |
INR 90.96 |
|
Euro |
1 |
INR 79.51 |
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
RUP |
SCORE FACTORS
|
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 |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on secured
terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.