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MIRA INFORM REPORT
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Report No. : |
505407 |
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Report Date : |
24.04.2018 |
IDENTIFICATION DETAILS
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Name : |
RJ CORP LIMITED (w.e.f. 29.05.2008) |
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Formerly Known
As : |
ARCTIC DRINKS LIMITED (w.e.f. 29.01.1985) CHEERS BEVERAGES PRIVATE LIMITED |
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Registered
Office : |
F-2/7, Okhla Industrial Area, Phase-I, New Delhi – 110020 |
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Tel. No.: |
91-11-41706720 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of Incorporation
: |
01.03.1980 |
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Com. Reg. No.: |
55-010262 |
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Capital
Investment / Paid-up Capital : |
INR 957.080 Million |
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CIN No.: [Company Identification
No.] |
U62200DL1980PLC010262 |
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IEC No.: [Import-Export Code No.] |
0505034247 |
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TIN No.: |
07590325146 |
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GSTN : [Goods & Service Tax
Registration No.] |
07AAACA2573R2ZA |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACA2573R |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
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Subject is engaged in the business of trading in shares, securities, debentures, ice cream, shoes and apparels of nike brand, apple products and in investment activities. [Registered Activity] |
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No. of Employees
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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 : |
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 11098000 |
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Status : |
Good |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1980. The company engaged in the business of trading in shares, securities, debentures, ice cream, shoes and apparels of nike brand, apple products and in investment activities. As per the Registrar of Companies date of balance sheet (i.e. financial filed) is shown as 31.03.2017 but documents related to the financial for the year 31.03.2017 are not available from any sources. As per the financial of 2016, the company has reported a decline in its revenue as compared to the previous year’s revenue and has incurred operational losses. The overall financial position of the company seems to be healthy marked by sound net worth base along with low debt balance sheet profile. Rating takes into consideration the company’s long established track record. Rating is constrained on account of absence of latest financial record. Business is active. Payment seems to be usually correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and condition. |
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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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
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 24.04.2018.
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.:91-124-4643100)
LOCATIONS
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Registered Office : |
F-2/7, Okhla Industrial Area, Phase-I, New Delhi – 110020, India |
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Tel. No.: |
91-11-41706720-25 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office : |
Plot No. 31, Institutional Area, Sector 44, Gurugram – 122002,
Haryana, India |
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Tel. No.: |
91-124-4643100/500 |
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Fax No.: |
91-124-4643303/04 |
DIRECTORS
AS ON 31.03.2017
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Name : |
Mr. Satya Vir Singh |
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Designation : |
Whole-time Director |
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Address : |
1334, Poorvanchal Complex JNU, New Delhi – 110067, India |
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Date of Birth/Age : |
22.09.1947 |
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Qualification |
B. tech |
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Date of Appointment : |
23.12.2014 |
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PAN No.: |
AAZPS4034M |
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DIN No.: |
06608396 |
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Name : |
Mr. Raj Pal Gandhi |
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Designation : |
Director |
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Address : |
C-15/10, DLF City, Phase – I, Gurugram - 122002, Haryana, India |
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Date of Birth/Age : |
07.06.1957 |
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Qualification |
Chartered Accountant |
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Date of Appointment : |
15.09.2014 |
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PAN No.: |
AALPG8397D |
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DIN No.: |
00003649 |
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Other Directorship:
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Name : |
Mr. Ravi Kant Jaipuria |
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Designation : |
Director |
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Address : |
Plot No. 7A, Aurangzeb Road, New Delhi – 110011, India |
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Date of Birth/Age : |
28.11.1954 |
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Qualification |
MBA |
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Date of Appointment : |
15.09.2014 |
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PAN: |
ANJPJ6194Q |
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DIN No.: |
00003668 |
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Other Directorship:
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Name : |
Mr. Rajesh Chopra |
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Designation : |
Director |
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Address : |
G6/2 DLF Phase1, Sikanderpur, Ghosi (68), DLF Qe, Gurugram - 122002, Haryana, India |
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Date of Birth/Age : |
25.02.1960 |
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Qualification |
CA |
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Date of Appointment : |
24.08.2015 |
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PAN No.: |
ADXPC1041R |
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DIN No.: |
00003964 |
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Other Directorship:
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Name : |
Mr. Varun Jaipuria |
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Designation : |
Director |
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Address : |
Plot No. 7A, Aurangzeb Road, New Delhi – 110011, India |
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Date of Birth/Age : |
10.11.1987 |
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Qualification |
Graduate from Regents College London |
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Date of Appointment : |
08.11.2012 |
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PAN No.: |
AHAPJ9246N |
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DIN No.: |
02465412 |
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Other Directorship:
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Name : |
Mr. Sanjoy Mukerji |
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Designation : |
Director |
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Address : |
Fortune Enclave, 7th Floor, 14th Road, Khar (West), Mumbai-400052, Maharashtra, India |
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Date of Appointment : |
31.03.2017 |
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DIN No.: |
03122800 |
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Other Directorship:
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Name : |
Ms. Rashmi Dhariwal |
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Designation : |
Additional Director |
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Address : |
Aashray Farms, Opposite N V Farms Sub. Po SP School, Bhatti Mines, Asola Village, New Delhi-110030, India |
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Date of Appointment : |
01.04.2018 |
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DIN No.: |
00337814 |
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Other Directorship:
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Name : |
Mr. Girish Ahuja |
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Designation : |
Additional Director |
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Address : |
A-53, Shops Kailash Colony, New Delhi-110048, India |
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Date of Appointment : |
01.04.2018 |
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DIN No.: |
00446339 |
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Other Directorship:
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KEY EXECUTIVES
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Name : |
Mr. Lalit Kumar Singh |
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Designation : |
Company Financial Officer (KMP) |
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Address : |
A-67, Street No - 2, Ganga Vihar Gokal Puri, North East, Delhi-110094, India |
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Date of Birth/Age : |
23.04.1974 |
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Qualification : |
Post Graduate Diploma in Business Administration |
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Date of Appointment : |
23.12.2014 |
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PAN No.: |
ATOPS5854P |
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Name : |
Mr. Mahavir Prasad Garg |
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Designation : |
Company Secretary |
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Address : |
WZ 17A, Krishna Puri, Tilak Nagar, New Delhi-110018, India |
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Date of Appointment : |
16.03.2018 |
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PAN No.: |
AAGPG1348H |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
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Name of Shareholders (Equity Shares) |
No. of Shares |
|
Varun Jaipuria |
8509 |
|
Ravi Kant Jaipuria and Sons (HUF) |
115434 |
|
Devyani Overseas Private Limited, India |
2845788 |
|
Devyani Enterprises Private Limited, India * |
2738244 |
|
Shabnam Properties Private Limited, India |
10 |
|
Empire Stocks Private Limited, India |
10 |
|
IDBI Trusteeship Services Limited (India Advantage Fund S3 I) |
50 |
|
Sellwell Foods and Beverages Private Limited, India |
5 |
|
Total |
5708050 |
* Got merged into RJ Corp Limited vide NCLT order dated September 1,
2017.
|
Names of Shareholders (Preference Shares) |
No. of Shares |
|
IDBI Trusteeship Services Limited (India Advantage Fund S3 I) |
8999950 |
|
Total |
8999950 |
AS ON 30.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters - Individual/Hindu Undivided Family – Indian |
2.17 |
|
Promoters - Bodies corporate |
97.83 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of trading in shares, securities, debentures, ice cream, shoes and apparels of nike brand, apple products and in investment activities. [Registered Activity] |
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|
Products / Services
: |
|
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|
Brand Names : |
Not Available |
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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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|
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|
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|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
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 : |
|
|
Financial Institutions : |
Clix Capital Services Private Limited, E-20, 1st
Floor, Hauz Khas, New Delhi-110016, India |
|
|
|
|
Auditors : |
|
|
Name : |
O.P. Bagla and Company Chartered Accountants |
|
Address : |
8/12, Kalkaji Extension, New Delhi – 110019, India |
|
PAN No.: |
AAAFO1030A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associate Companies
: (As on 2017) |
CIN No.: U52100DL2013PTC259476
CIN No.: L74899DL1995PLC069839
CIN No.: U74899DL1993PTC055459
CIN No.: U70109DL2006PTC149697
CIN No.: U74899DL1991PTC046381 |
|
|
|
|
Subsidiary
Companies : (As on 2017) |
CIN No.: U74899DL1991PLC046403
CIN No.: U15135DL1991PLC046758
CIN No.: U15500DL2008PTC183357
CIN No.: U74899DL1991PTC046376
CIN No.: U74900DL2013PTC256548
CIN No.: U70101DL2006PTC156543
CIN No.: U85100DL2011PLC217993
CIN No.: U80301DL2003PTC118290
CIN No.: U74899DL1991PLC046405
CIN No.: U74899DL1975PTC007694
CIN No.: U74899DL1985PTC022537
CIN No.: U55101DL2013PTC250959
|
|
|
|
|
Associate Companies
: (As on 31.03.2016) |
CIN No.: U52100DL2013PTC259476
CIN No.: U74899DL1978PTC009190
CIN No.: U74899DL1989PTC034645 |
|
|
|
|
Subsidiary
Companies : (As on 31.03.2016) |
|
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : (As on 31.03.2016) |
CIN No.: U74899DL1995PLC069839
CIN No.: U15135DL1991PLC046758
CIN No.: U74899DL1991PLC046403
CIN No.: U51909DL2006PTC146757
CIN No.: U85195DL2005PTC137768
CIN No.: U74899DL1991PLC046405
CIN No.: U40300DL2006PTC155072
CIN No.: U74899DL1987PTC027024
CIN No.: U70200DL2006PLC149218 |
CAPITAL STRUCTURE
AFTER 30.09.2017
Authorised Capital : INR 14618.500
Million
Issued, Subscribed & Paid-up Capital : INR 901.873 Million
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9500000 |
Equity Shares |
INR 10/- each |
INR 95.000 Million |
|
18000000 |
Preference Shares |
INR 100/- each |
INR 1800.000 Million |
|
|
Total |
|
INR 1895.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5708050 |
Equity Shares |
INR 10/- each |
INR 57.081 Million |
|
8999950 |
Preference Shares |
INR 100/- each |
INR 899.995 Million |
|
|
Total |
|
INR 957.076
Million |
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
957.080 |
957.080 |
57.080 |
|
(b) Reserves and Surplus |
2927.240 |
3151.530 |
2335.770 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
3884.320 |
4108.610 |
2392.850 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3409.170 |
3498.330 |
1508.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
35.490 |
185.490 |
185.490 |
|
(d) long-term
provisions |
3.680 |
1.170 |
0.000 |
|
Total Non-current
Liabilities (3) |
3448.340 |
3684.990 |
1693.490 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
23.980 |
37.940 |
268.540 |
|
(c) Other
current liabilities |
2654.510 |
599.260 |
1477.850 |
|
(d) Short-term
provisions |
0.060 |
0.000 |
0.330 |
|
Total Current
Liabilities (4) |
2678.550 |
637.200 |
1746.720 |
|
|
|
|
|
|
TOTAL |
10011.210 |
8430.800 |
5833.060 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1567.470 |
1575.380 |
1550.370 |
|
(ii)
Intangible Assets |
5.340 |
4.890 |
3.370 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
11.120 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
7824.670 |
1650.000 |
1650.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
42.800 |
870.760 |
645.980 |
|
(e) Other
Non-current assets |
178.140 |
209.420 |
167.980 |
|
Total Non-Current
Assets |
9618.420 |
4321.570 |
4017.700 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
104.360 |
3556.180 |
1507.090 |
|
(c) Trade
receivables |
32.890 |
247.630 |
140.300 |
|
(d) Cash and
bank balances |
41.150 |
89.210 |
31.850 |
|
(e)
Short-term loans and advances |
41.350 |
37.060 |
35.780 |
|
(f) Other
current assets |
173.040 |
179.150 |
100.340 |
|
Total
Current Assets |
392.790 |
4109.230 |
1815.360 |
|
|
|
|
|
|
TOTAL |
10011.210 |
8430.800 |
5833.060 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
587.260 |
658.950 |
1431.170 |
|
|
Other Income |
36.670 |
10.750 |
37.980 |
|
|
TOTAL |
623.930 |
669.700 |
1469.150 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
338.590 |
2346.380 |
1035.600 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(21.290) |
(2049.060) |
(19.840) |
|
|
Employee benefit expense |
64.320 |
49.090 |
24.090 |
|
|
CSR expenditure |
0.360 |
0.600 |
0.000 |
|
|
Prior period items before tax |
5.270 |
(31.900) |
0.000 |
|
|
Other expenses |
153.130 |
155.930 |
124.780 |
|
|
TOTAL |
540.380 |
471.040 |
1164.630 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
83.550 |
198.660 |
304.520 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
253.670 |
246.960 |
165.210 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(170.120) |
(48.300) |
139.310 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
19.480 |
15.250 |
8.070 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(189.600) |
(63.550) |
131.240 |
|
|
|
|
|
|
|
Less |
TAX |
29.910 |
15.920 |
50.520 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(219.510) |
(79.470) |
80.720 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
331.290 |
410.760 |
330.040 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
111.780 |
331.290 |
410.760 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
81.530 |
224.690 |
245.780 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(38.46) |
(13.92) |
14.14 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
924.170 |
494.170 |
512.250 |
|
Net cash flows from (used in) operations |
1741.990 |
(3634.790) |
607.610 |
|
Net cash flows from (used in) operating activities |
2011.780 |
(3215.330) |
703.720 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365) |
20.44 |
137.17 |
35.78 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sunday
Debtors) |
17.86 |
2.66 |
10.20 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
25.85 |
5.90 |
94.65 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.80 |
0.06 |
0.20 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.05 |
0.12 |
0.20 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.70 |
0.55 |
0.65 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.12 |
0.97 |
0.84 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.69 |
0.16 |
0.73 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.40 |
0.39 |
0.65 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.33 |
0.80 |
1.84 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT
/ Sales) * 100] |
% |
(37.38) |
(12.06) |
5.64 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(2.19) |
(0.94) |
1.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(5.65) |
(1.93) |
3.37 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.15 |
6.45 |
1.04 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.11 |
0.87 |
0.18 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.39 |
0.49 |
0.41 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
4.53 |
4.17 |
35.39 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.15 |
6.45 |
1.04 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
57.080 |
957.080 |
957.080 |
|
Reserves & Surplus |
2335.770 |
3151.530 |
2927.240 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
2392.850 |
4108.610 |
3884.320 |
|
|
|
|
|
|
Long-term borrowings |
1508.000 |
3498.330 |
3409.170 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current maturities of
long-term debts |
512.250 |
494.170 |
924.170 |
|
Total
borrowings |
2020.250 |
3992.500 |
4333.340 |
|
Debt/Equity
ratio |
0.844 |
0.972 |
1.116 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
1431.170 |
658.950 |
587.260 |
|
|
|
(53.957) |
(10.879) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
1431.170 |
658.950 |
587.260 |
|
Profit/ (Loss) |
80.720 |
(79.470) |
(219.510) |
|
|
5.64% |
(12.06%) |
(37.38%) |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
|
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
957.080 |
|
(b) Reserves &
Surplus |
|
|
3744.150 |
|
(c) Money received
against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
|
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
|
4701.230 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
4247.850 |
|
(b) Deferred tax
liabilities (Net) |
|
|
0.000 |
|
(c) Other long term
liabilities |
|
|
35.490 |
|
(d) long-term provisions |
|
|
3.680 |
|
Total Non-current
Liabilities (3) |
|
|
4287.020 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
671.240 |
|
(b) Trade payables |
|
|
215.410 |
|
(c) Other current liabilities |
|
|
2488.230 |
|
(d) Short-term provisions |
|
|
0.060 |
|
Total Current Liabilities
(4) |
|
|
3374.940 |
|
|
|
|
|
|
TOTAL |
|
|
12363.190 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
2313.110 |
|
(ii) Intangible Assets |
|
|
9.990 |
|
(iii) Capital
work-in-progress |
|
|
0.000 |
|
(iv) Intangible assets
under development |
|
|
729.050 |
|
(b) Non-current
Investments |
|
|
8486.460 |
|
(c) Deferred tax assets
(net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
42.800 |
|
(e) Other Non-current
assets |
|
|
178.140 |
|
Total Non-Current Assets |
|
|
11759.550 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
120.380 |
|
(c) Trade receivables |
|
|
144.560 |
|
(d) Cash and cash
equivalents |
|
|
70.440 |
|
(e) Short-term loans and
advances |
|
|
79.700 |
|
(f) Other current assets |
|
|
188.560 |
|
Total Current Assets |
|
|
603.640 |
|
|
|
|
|
|
TOTAL |
|
|
12363.190 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
|
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
864.330 |
|
|
Other Income |
|
|
36.410 |
|
|
TOTAL |
|
|
900.740 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
|
|
338.590 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
|
(21.290) |
|
|
Employees benefits expense |
|
|
137.930 |
|
|
CSR
expenditure |
|
|
0.000 |
|
|
Prior
period items before tax |
|
|
5.270 |
|
|
Other expenses |
|
|
412.480 |
|
|
TOTAL |
|
|
872.980 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE INTEREST,
TAX, DEPRECIATION AND AMORTISATION |
|
|
27.760 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
|
437.630 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
|
(409.870) |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
|
48.570 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
|
(458.440) |
|
|
|
|
|
|
|
Less |
TAX |
|
|
29.920 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
|
(488.360) |
|
|
|
|
|
|
|
Add |
Share of profit/(loss) in
associates (including profit share for earlier years of INR 54.170
Million) |
|
|
1113.400 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) FOR THE YEAR |
|
|
625.040 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
109.50 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
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 |
BRIEF DESCRIPTION OF
THE COMPANYS WORKING AND THE STATE OF COMPANYS AFFAIRS (As on 31.03.2016)
The Company’s growth plans continued during Financial Year 2015-16 despite difficult economic conditions coupled with growing competition and high inflationary market conditions. During the period, the Company opened 3 new stores for its existing arrangement with Nike and 4 new stores for its existing arrangement with Apple India Private Ltd. During the year, the Company continued its focus on cost optimization, employee development and consumer connect. However, revenue as well as margins both continued to be under pressure due to inflationary market conditions and subdued consumer sentiment.
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Amount |
Address |
|
1 |
G82647769 |
100165912 |
CLIX CAPITAL SERVICES PRIVATE LIMITED |
16/03/2018 |
500000000.0 |
E-20, 1st Floor, Hauz Khas, New Delhi-110016, India |
|
2 |
G79111902 |
100159631 |
INDUSIND BANK LTD. |
23/02/2018 |
980000000.0 |
2401 Gen Thimmayya Road, Contonment, Pune-411001, Maharashtra, India |
|
3 |
G77787067 |
100156571 |
YES BANK LIMITED |
28/12/2017 |
750000000.0 |
9th Floor, Nehru Centre, Discovery of India Dr. Annie Besant Road, Worli, Mumbai-400018, Maharashtra, India |
|
4 |
G74042540 |
100147982 |
YES BANK LIMITED |
22/12/2017 |
500000000.0 |
9th Floor, Nehru Centre, Discovery of India Dr. Annie Besant Road, Worli, Mumbai-400018, Maharashtra, India |
|
5 |
G58322017 |
100129492 |
AXIS FINANCE LIMITED |
19/09/2017 |
300000000.0 |
Axis House, Ground Floor, Wadia International Centre, Worli, Mumbai-400025, Maharashtra, India |
|
6 |
G50042761 |
100114839 |
CLIX FINANCE INDIA UNLIMITED |
01/08/2017 |
650000000.0 |
E-20, 1st Floor, Hauz Khas, New Delhi-110016, India |
|
7 |
G50043728 |
100115062 |
CLIX FINANCE INDIA UNLIMITED |
01/08/2017 |
650000000.0 |
E-20, 1st Floor, Hauz Khas, New Delhi-110016, India |
|
8 |
G48563589 |
100110179 |
AXIS FINANCE LIMITED |
21/06/2017 |
1000000000.0 |
Axis House, Ground Floor, Wadia International Centre, Worli, Mumbai-400025, Maharashtra, India |
|
9 |
G33587916 |
100072676 |
CLIX CAPITAL SERVICES PRIVATE LIMITED |
19/01/2017 |
850000000.0 |
E-20, 1st Floor, Hauz Khas, New Delhi-110016, India |
|
10 |
G39073911 |
100085448 |
KOTAK MAHINDRA PRIME LIMITED |
16/12/2016 |
1000000000.0 |
27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (East), Mumbai-400051, Maharashtra, India |
FIXED ASSETS:
Tangible Asset:
- Land
- Building
- Plant and equipment
- Office equipment
- Furniture and Fixture
- Computer
- Vehicles
Intangible Asset:
- Computer software
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 records 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 66.22 |
|
|
1 |
INR 92.84 |
|
Euro |
1 |
INR 81.27 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
BHG |
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.