|
|
|
MIRA INFORM REPORT
|
Report No. : |
504672 |
|
Report Date : |
20.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
ALIAXIS UTILITIES AND INDUSTRY PRIVATE
LIMITED (w.e.f. 18.07.2014) |
|
|
|
|
Formerly Known
As : |
GLYNWED PIPE SYSTEMS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. L-148 and 149, Verna Industrial Estate, Verna South, Goa -
403722 |
|
Tel. No.: |
91-832-6691503 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
27.11.2007 |
|
|
|
|
Com. Reg. No.: |
24-007587 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 346.105 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100GA2007FTC007587 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TIN No.: |
30921203211 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCG9843N |
|
|
|
|
GSTN : [Goods & Service Tax Registration
No.] |
30AACCG9843N1ZB |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of pipe fittings, tubes, pipes and hoses. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a wholly-owned subsidiary of “Glynwed Holding BV,
Netherlands” and was incorporated in the year 2007. As per the FY 2017, the company has achieved revenue growth of 57.34%
as compared to the previous year but has reported a low profit margin of
0.91%. The moderate financial risk profile of the company is marked by
average networth base due to negative reserve base. Rating weakness is partially offset by the strong financial and managerial
support that company receives from its holding entity backed by its well
experienced management team. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
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 20.04.2018
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
MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-832-6691500/ 6691503)
LOCATIONS
|
Registered Office / Factory : |
Plot No. L-148 and 149, Verna Industrial Estate, Verna South, Goa –
403722, India |
|
Tel. No.: |
91-832-6691503 |
|
Fax No.: |
91-832-6691515 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Sales Offices : |
Located at:
|
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Rajiv Laxmikant Dhaimodker |
|
Designation : |
Managing Director |
|
Address : |
BF - 3, Varadlaxmi Housing Co-Operative Society
Shantinagar Ponda - 403401 Goa, India |
|
Date of Birth/Age : |
08.06.1967 |
|
Qualification : |
BE Electronics and Electricals |
|
Date of Appointment : |
02.02.2015 |
|
PAN No.: |
ACAPD1441Q |
|
DIN No.: |
02414695 |
|
|
|
|
Name : |
Andreas Jorg Hojenski |
|
Designation : |
Director |
|
Address : |
Meeriacher Deich Strasse 18 68794 Oberhausen Rheinhausen 68794 De |
|
Date of Birth/Age : |
16.06.1961 |
|
Qualification : |
Mechanical Engineer, Diploma -Ing. (FH) |
|
Date of Appointment : |
31.05.2011 |
|
DIN No.: |
03533966 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Glynwed Holding BV, Netherlands |
|
3460997 |
|
Tevueren Finance SA, Belgium |
|
50 |
|
Total |
|
3461047 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of pipe fittings, tubes, pipes and hoses. (Registered Activity) |
||||
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|
|
||||
|
Products/ Services : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Sharp and Tannan (GOA) Chartered Accountants |
|
Address : |
215, Kamat Towers 9 EDC, Complex Patto, Panaji Goa - 403001 India |
|
Income-tax
PAN of auditor or auditor's firm : |
ABFFS3012G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
Glynwed Holding BV Netherland |
|
|
|
|
Group company where
common control exists : |
|
CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 100/- each |
INR 500.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3461047 |
Equity Shares |
INR 100/- each |
INR 346.105
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 |
346.105 |
346.105 |
346.105 |
|
(b) Reserves and Surplus |
(76.893) |
(80.336) |
(90.253) |
|
(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) |
269.212 |
265.769 |
255.852 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
1.086 |
0.847 |
0.557 |
|
Total Non-current
Liabilities (3) |
1.086 |
0.847 |
0.557 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
73.491 |
66.120 |
25.042 |
|
(c) Other
current liabilities |
69.212 |
72.515 |
40.890 |
|
(d) Short-term
provisions |
0.502 |
1.563 |
1.240 |
|
Total Current
Liabilities (4) |
143.205 |
140.198 |
67.172 |
|
|
|
|
|
|
TOTAL |
413.503 |
406.814 |
323.581 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
93.676 |
107.125 |
70.219 |
|
(ii)
Intangible Assets |
0.003 |
0.004 |
0.006 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
10.564 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.070 |
0.070 |
0.070 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
6.218 |
6.163 |
8.618 |
|
(e) Other Non-current
assets |
4.444 |
0.300 |
4.975 |
|
Total Non-Current
Assets |
104.411 |
113.662 |
94.452 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
123.556 |
132.772 |
83.018 |
|
(c) Trade receivables |
90.194 |
63.617 |
68.168 |
|
(d) Cash and
bank balances |
29.543 |
54.273 |
49.536 |
|
(e)
Short-term loans and advances |
64.404 |
41.031 |
26.526 |
|
(f) Other
current assets |
1.395 |
1.459 |
1.881 |
|
Total
Current Assets |
309.092 |
293.152 |
229.129 |
|
|
|
|
|
|
TOTAL |
413.503 |
406.814 |
323.581 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
379.899 |
241.457 |
184.878 |
|
|
Other Income |
11.220 |
13.115 |
10.803 |
|
|
TOTAL |
391.119 |
254.572 |
195.681 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
160.331 |
91.493 |
42.477 |
|
|
Purchases of
Stock-in-Trade |
53.453 |
27.410 |
33.959 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
2.845 |
(4.140) |
16.521 |
|
|
Employee benefit expense |
37.464 |
31.058 |
32.145 |
|
|
Other expenses |
109.087 |
77.724 |
63.784 |
|
|
TOTAL |
363.180 |
223.545 |
188.886 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
27.939 |
31.027 |
6.795 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.160 |
0.615 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
27.939 |
30.867 |
6.180 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
23.686 |
18.630 |
15.324 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
4.253 |
12.237 |
(9.144) |
|
|
|
|
|
|
|
Less |
TAX |
0.810 |
2.320 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
3.443 |
9.917 |
(9.144) |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT
FORWARD |
(80.336) |
(90.253) |
(80.853) |
|
|
|
|
|
|
|
Less |
Transition
provision |
0.000 |
0.000 |
0.256 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
(76.893) |
(80.336) |
(90.253) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
296.068 |
164.956 |
121.091 |
|
|
TOTAL EARNINGS |
296.068 |
164.956 |
121.091 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
112.294 |
107.978 |
25.564 |
|
|
Components and spare
parts |
30.227 |
12.095 |
21.066 |
|
|
Capital Goods |
2.683 |
4.722 |
7.225 |
|
|
TOTAL IMPORTS |
145.203 |
124.795 |
53.855 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.99 |
2.87 |
(2.64) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(3.296) |
65.375 |
26.818 |
|
Net cash flow from operating activity |
(7.552) |
64.653 |
26.724 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
86.66 |
96.17 |
134.58 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
4.21 |
3.80 |
2.71 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
125.47 |
202.97 |
119.58 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.23 |
0.23 |
0.08 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.30 |
0.29 |
0.08 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.35 |
0.34 |
0.21 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.53 |
0.53 |
0.26 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.35 |
0.40 |
0.32 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.00 |
193.92 |
11.05 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
0.91 |
4.11 |
(4.95) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.83 |
2.44 |
(2.83) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
1.28 |
3.73 |
(3.57) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.16 |
2.09 |
3.41 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.30 |
1.14 |
2.18 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.65 |
0.65 |
0.79 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.16 |
2.09 |
3.41 |
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 |
346.105 |
346.105 |
346.105 |
|
Reserves & Surplus |
(90.253) |
(80.336) |
(76.893) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
255.852 |
265.769 |
269.212 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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 |
184.878 |
241.457 |
379.899 |
|
|
|
30.603 |
57.336 |
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 |
184.878 |
241.457 |
379.899 |
|
Profit/ (Loss) |
(9.144) |
9.917 |
3.443 |
|
|
(4.95
%) |
4.11
% |
0.91
% |
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 |
No |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: The registered office of the company has been shifted from Unit No. A-208, 2nd Floor, A Wing, Off. LBS Marg, Behind Godrej Residential Colony Park, Site, Vikroli (West), Mumbai – 400079, Maharashtra, India to the present address w.e.f. 05.02.2015.
GENERAL INFORMATION
Aliaxis Utilities and Industry Private Limited, formerly known as Glynwed Pipe Systems India Private Limited is a subsidiary of Glynwed Holding BV, Netherlands. The Company has a factory located at Verna - India, manufacturing pipe fittings. In addition, the Company has its sales offices located at Ahmedabad and Delhi locations.
With effect from July 18, 2014, the Company has changed the name from Glynwed Pipe Systems India Private Limited to Aliaxis Utilities and Industry Private Limited. Also, the registered office has been shifted from State of Maharashtra to the State of Goa w.e.f February 05, 2015.
BRIEF DESCRIPTION OF
THE COMPANY’S WORKING DURING THE YEAR/STATE OF COMPANY’S AFFAIR:
During the year, the Company’s revenue from Operations has increased from INR 258.520 Million to INR 421.645 Million in current year. Management is taking continuous efforts to increase the revenue in upcoming years.
INDEX
OF CHARGES
NO CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
- Office building
- Other plant and equipment
- Furniture and fixtures
- Motor vehicles
- 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,
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 65.78 |
|
|
1 |
INR 93.41 |
|
Euro |
1 |
INR 81.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.