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Mira INFORM REPORT
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Report No. : |
503792 |
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Report Date : |
18.04.2018 |
IDENTIFICATION DETAILS
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Name : |
AMBA SHAKTI STEELS LIMITED (w.e.f.15.10.2010) |
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Formerly Known
As : |
K. P. STEEL PRODUCTS LIMITED (w.e.f. 16.03.1994) K. P. STEEL PRODUCTS PRIVATE LIMITED |
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Registered
Office : |
21/6, West Patel Nagar, New Delhi - 110008 |
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Mobile No.: |
91-9808338830 (Mr. Atul) |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of Incorporation
: |
16.03.1989 |
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Com. Reg. No.: |
55-127527 |
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Capital
Investment / Paid-up Capital : |
INR 230.000 Million |
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CIN No.: [Company Identification
No.] |
U27104DL1989PLC127527 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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GSTIN : [Goods & Service Tax Registration No.] |
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TIN No : |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACK3178J |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturing of Basic
Iron and Steel. (Registered
Activity) |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Maximum Credit Limit : |
USD 848000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1989. It is a manufacturer of basic iron and steel. For the financial year 2017, the company has reported a dip in its revenue by 19.10% as compared to the previous year along with a low profit margin of 0.09%. The moderate financial risk profile of the company is marked by low
reserve as compared to its capital along with an average debt balance sheet
profile. Rating takes into account the subject’s long established track record
of business operations along with extensive experience of its promoters. Payment seems to be slow but correct. In view of aforesaid, the concern can be considered for business
dealings with some caution. |
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 |
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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
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Rating Agency Name |
CRISIL |
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Rating |
Short term borrowing (Withdrawn) = A4 |
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Rating Explanation |
Minimal degree of safety and very high
credit risk |
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Date |
01.04.2016 |
Reason for suspension : Absence of adequate onformation
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
31-03-2018.
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 18.04.2018
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.
INFORMATION DENIED BY
|
Name : |
Mr. Atul |
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Designation : |
Account Head |
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Contact No.: |
91-9808338830 |
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Date : |
11.04.2018 |
|
Name : |
Mr. Atul Munjal |
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Designation : |
Director |
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Contact No.: |
91-9810412282 |
LOCATIONS
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Registered Office : |
21/6, West Patel Nagar, New Delhi - 110008, India |
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Tel. No.: |
91-11-25885225/ 25885226 |
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Mobile No.: |
91-9808338830 (Mr. Atul) 91-9810412282 (Mr. Atul Munjal) |
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Fax No.: |
91-11-25886914 |
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E-Mail : |
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Website : |
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Factory : |
7th KM, Meerut
Road, Muzaffarnagar -251003, Uttar Pradesh, India |
DIRECTORS
As on 31.03.2018
|
Name : |
Mr. Pankaj Goel |
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Designation : |
Director |
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Address : |
B-22, Greater Kailash-I, South Delhi -110048, India |
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Date of Birth/Age : |
10.03.1970 |
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Date of Appointment : |
15.11.2014 |
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PAN No.: |
ACBPG0432D |
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DIN No.: |
00224355 |
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Other
Directorship :
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Name : |
Mr. Atul Munjal |
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Designation : |
Whole-Time Director |
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Address : |
House. No.88, Gali No.7, Gandhi Colony, Muzaffarnagar- 251001, Uttar Pradesh, India |
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Date of Birth/Age : |
08.07.1980 |
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Qualification : |
Graduate |
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Date of Appointment : |
01.02.2016 |
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DIN No.: |
03555674 |
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Other
Directorship :
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Name : |
Mr. Devendra Kumar Sharma |
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Designation : |
Director |
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Address : |
231, Gaushala, Nadi Road, Muzaffarnagar -251002, Uttar Pradesh, India |
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Date of Birth/Age : |
08.07.1980 |
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Date of Appointment : |
26.09.2015 |
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DIN No.: |
05146714 |
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PAN No.: |
ANZPS2817F |
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Other
Directorship :
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Name : |
Mr. Vaibhav Mittal |
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Designation : |
Director |
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Address : |
336/2, Kambal Walal Bagh, Muzaffarnagar – 251001, Uttar Pradesh, India |
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Date of Birth/Age : |
22.09.1975 |
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Qualification : |
Graduate |
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Date of Appointment : |
16.03.2015 |
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DIN No.: |
06727661 |
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Other
Directorship :
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Name : |
Mr. Rakesh Kumar Gupta |
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Designation : |
Director |
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Address : |
House.No.57/4, Prempuri-1, Muzaffarnagar – 251001, Uttar Pradesh, India |
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Date of Birth/Age : |
01.01.1959 |
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Qualification : |
Graduate |
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Date of Appointment : |
20.07.2015 |
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DIN No.: |
07239834 |
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KEY EXECUTIVES
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Name : |
Mr. Devendra Kumar Sharma |
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Designation : |
Chief-Financial-Officer |
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Address : |
231, Gaushala, Nadi Road, Muzaffarnagar- 251002, Uttar Pradesh, India |
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Date of Appointment : |
01.01.2015 |
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PAN No.: |
ANZPS2817F |
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Name : |
Mr. Atul |
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Designation : |
Account Head |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
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No. of Shares |
|
Kamal Goel |
|
127695 |
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Pankaj Goel |
|
477095 |
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Reena Goel |
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138344 |
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Ritu Goel |
|
147216 |
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Pankaj Goel and Sons (HUF) |
|
167730 |
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Kamal Goel and Sons (HUF) |
|
173920 |
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S.K Goel and Sons (HUF) |
|
218000 |
|
Adhunik Datamatics Private Limited, India |
|
850000 |
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Total |
|
2300000 |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
20.74 |
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Promoters (Body corporate) |
36.96 |
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Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
17.97 |
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Other HUF |
24.33 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing of Basic
Iron and Steel. (Registered
Activity) |
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Products / Services
: |
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Brand Names : |
“Amba” |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
A Jain Agarwal and company Chartered Accountants |
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Address : |
203/17, First Floor, Sadar Bazar, Muzaffarnagar - 251001, Uttar Pradesh, India |
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Tel. No.: |
91-131-2437493 / 2436685 |
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E-Mail : |
||
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Income-tax
PAN of auditor or auditor's firm : |
AAMFA6693H |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises which are owned or have significant influence of or are partners with Key management personnel and their relatives: |
·
Durga Ispat Private Limited (CIN No -
U74899DL1973PTC006467) ·
Adhunik Datamatics Private Limited (CIN No -
U70101DL2005PTC252354)
|
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3200000 |
Equity Shares |
INR 100/- each |
INR 320.000 Million |
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|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2300000 |
Equity Shares |
INR 100/- each |
INR 230.000 Million |
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FINANCIAL DATA
[all figures are
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 |
230.000 |
230.000 |
230.000 |
|
(b) Reserves & Surplus |
66.840 |
65.445 |
58.907 |
|
(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 |
296.840 |
295.445 |
288.907 |
|
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|
|
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(3)
Non-Current Liabilities |
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|
|
|
(a) long-term borrowings |
377.211 |
440.060 |
301.338 |
|
(b) Deferred tax liabilities (Net) |
28.152 |
27.364 |
24.018 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
2.147 |
2.147 |
1.873 |
|
Total Non-current
Liabilities |
407.510 |
469.571 |
327.229 |
|
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
333.757 |
417.202 |
321.862 |
|
(b) Trade
payables |
280.915 |
205.254 |
210.637 |
|
(c) Other
current liabilities |
59.134 |
44.958 |
33.669 |
|
(d) Short-term
provisions |
34.830 |
23.335 |
12.955 |
|
Total Current
Liabilities |
708.636 |
690.749 |
579.123 |
|
|
|
|
|
|
TOTAL |
1412.986 |
1455.765 |
1195.259 |
|
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|
|
|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
377.482 |
397.756 |
284.655 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
103.289 |
|
(iv)
Intangible assets under development |
0.000 |
|
0.000 |
|
(b) Non-current Investments |
0.000 |
0.408 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
14.529 |
13.447 |
8.579 |
|
(e) Other
Non-current assets |
25.113 |
23.611 |
23.058 |
|
Total Non-Current
Assets |
417.124 |
435.222 |
419.581 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
466.351 |
454.592 |
407.249 |
|
(c) Trade
receivables |
326.932 |
362.459 |
185.837 |
|
(d) Cash
and cash equivalents |
16.024 |
43.124 |
25.471 |
|
(e)
Short-term loans and advances |
137.620 |
99.581 |
90.361 |
|
(f) Other
current assets |
48.935 |
60.787 |
66.760 |
|
Total
Current Assets |
995.862 |
1020.543 |
775.678 |
|
|
|
|
|
|
TOTAL |
1412.986 |
1455.765 |
1195.259 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1503.834 |
1858.948 |
2373.485 |
|
|
Other Income |
7.947 |
3.183 |
1.945 |
|
|
TOTAL |
1511.781 |
1862.131 |
2375.430 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
968.583 |
967.041 |
1887.189 |
|
|
Purchases of Stock-in-Trade |
23.457 |
299.193 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(87.645) |
(61.922) |
(40.358) |
|
|
Employees benefits expense |
14.980 |
18.493 |
17.288 |
|
|
Other expenses |
506.804 |
546.319 |
430.992 |
|
|
TOTAL |
1426.179 |
1769.124 |
2295.111 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
85.602 |
93.007 |
80.319 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
59.443 |
60.022 |
59.606 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
26.159 |
32.985 |
20.713 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
23.959 |
23.090 |
18.624 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
2.200 |
9.895 |
2.089 |
|
|
|
|
|
|
|
Less |
TAX |
0.805 |
3.358 |
-2.453 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
1.395 |
6.537 |
4.542 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
0.61 |
2.84 |
1.97 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
30.708 |
25.723 |
19.449 |
|
Cash generated from operations |
118.969 |
(189.090) |
(49.155) |
|
Net cash flows from (used in) operating activity |
118.986 |
(189.078) |
(48.659) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
79.35 |
71.17 |
28.58 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.60 |
5.13 |
12.77 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
103.36 |
59.17 |
40.74 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.18 |
0.20 |
0.20 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.23 |
0.23 |
0.21 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.79 |
0.79 |
0.75 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
2.50 |
2.99 |
2.22 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.39 |
2.34 |
2.00 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.27 |
1.35 |
1.34 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.44 |
1.55 |
1.35 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.09 |
0.35 |
0.19 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.10 |
0.45 |
0.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
0.47 |
2.21 |
1.57 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.41 |
1.48 |
1.34 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.75 |
0.82 |
0.64 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.21 |
0.20 |
0.24 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
3.22 |
3.84 |
2.79 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.41 |
1.48 |
1.34 |
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
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
in Million) |
(INR
in Million) |
(INR
in Million) |
|
Share Capital |
230.000 |
230.000 |
230.000 |
|
Reserves & Surplus |
58.907 |
65.445 |
66.840 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
288.907 |
295.445 |
296.840 |
|
|
|
|
|
|
long-term borrowings |
301.338 |
440.060 |
377.211 |
|
Short term borrowings |
321.862 |
417.202 |
333.757 |
|
Current maturities of
long-term debts |
19.449 |
25.723 |
30.708 |
|
Total
borrowings |
642.649 |
882.985 |
741.676 |
|
Debt/Equity
ratio |
2.224 |
2.989 |
2.499 |
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 |
2373.485 |
1858.948 |
1503.834 |
|
|
|
(21.679) |
(19.103) |
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 |
2373.485 |
1858.948 |
1503.834 |
|
Profit |
4.542 |
6.537 |
1.395 |
|
|
0.19% |
0.35% |
0.09% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of establishment |
Yes |
|
2] |
Constitution of the entity Incorporation
details |
Yes |
|
3] |
Locality of the entity |
Yes |
|
4] |
Premises details |
No |
|
5] |
Buyer visit details |
-- |
|
6] |
Contact numbers |
Yes |
|
7] |
Name of the person contacted |
Yes |
|
8] |
Designation of contact person |
Yes |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
No |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
No |
|
16] |
No. of employees |
No |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
Yes |
|
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 |
Yes |
|
32] |
Litigations that the firm/promoter
involved in |
-- |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
Note: Registered office of the company has been shifted from 7th Meerut Road, Muzaffzrnagam, Utter Pradesh, India to the present address w.e.f. 18.06.2004
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long Term
Borrowing |
|
|
|
Loans and advances from related parties |
285.060 |
315.601 |
|
Total |
285.060 |
315.601 |
INDEX
OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G68862366 |
10109577 |
ORIENTAL BANK OF COMMERCE |
03/05/2008 |
23/11/2017 |
- |
850000000.0 |
13-B,NEW MANDI, MUZAFFARNAGAR, 251003, UTTAR PRADESH, INDIA |
|
2 |
G51755924 |
10100347 |
ORIENTAL BANK OF COMMERCE |
02/04/2008 |
31/07/2017 |
- |
850000000.0 |
13-B,NEW MANDI, MUZAFFARNAGAR, UP251001IN |
|
3 |
B42514232 |
10053018 |
GE CAPITAL TRANSPORTATION FINANCIAL SERVICES LIMITED |
10/01/2007 |
03/07/2012 |
- |
1400000.0 |
AIFACS BUILDING1, RAFI MARGNEW DELHIDL110001IN |
|
4 |
A37840006 |
80003846 |
PUNJAB NATIONAL BANK |
06/07/2005 |
06/07/2006 |
24/04/2008 |
62500000.0 |
NEW MANDI, JANSATH ROADMUZAFFARNAGARUR251001IN |
|
5 |
A37840600 |
80003843 |
PUNJAB NATIONAL BANK |
30/05/2005 |
06/07/2006 |
24/04/2008 |
20000000.0 |
NEW MANDI,JANSATH ROADMUZAFFARNAGARUP251001IN |
|
6 |
A37840212 |
80003844 |
PUNJAB NATIONAL BANK |
30/05/2005 |
06/07/2006 |
24/04/2008 |
40000000.0 |
NEW MANDI,JANSATH ROADMUZAFFARNAGARUP251001IN |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
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
|
INR |
|
US Dollar |
1 |
INR 65.45 |
|
|
1 |
INR 93.28 |
|
Euro |
1 |
INR 80.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
ARC |
|
|
|
|
Analysis Done by
: |
PYK |
|
|
|
|
Report Prepared
by : |
TRUP |
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.