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|
|
MIRA INFORM REPORT
|
Report No. : |
505933 |
|
Report Date : |
25.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
YUG INTERNATIONAL PRIVATE LIMITED (w.e.f. 20.12.2012) |
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Formerly Known
As : |
YOG INTERNATIONAL PRIVATE LIMITED (w.e.f. 04.06.2002) YOG PETRO PRIVATE LIMITED |
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Registered
Office : |
113/131, Swaroop Nagar, Kanpur – 208002, Uttar Pradesh |
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Tel. No.: |
91-512-2543487 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of Incorporation
: |
17.04.1997 |
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Com. Reg. No.: |
20-021784 |
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Capital
Investment / Paid-up Capital : |
INR 20.361 Million |
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CIN No.: [Company Identification
No.] |
U65910UP1997PTC021784 |
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IEC No.: [Import-Export Code No.] |
0697000885 |
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GSTIN : [Goods & Service Tax
Registration No.] |
27AAACY0486D1ZE 09AAACY0486D1ZC |
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TIN No: |
27760366578 09737800544 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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PAN No.: [Permanent Account No.] |
AAACY0486D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in Trading, Import, Export and
Marketing of Petro Chemicals for Industrial Production and Importer of Raw Material. (Registered
Activity and also confirmed by management) |
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|
|
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No. of Employees
: |
100 (Approximately) |
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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Yug International Private Limited is a Trader and exporter of
hydrocarbon chemicals, ester Chemical, Alcohol Chemicals, Monomers Esters,
Plasticer Chemical, ketone chemicals and Importer of raw material. The
company was incorporated in the year 1997 and is based in Uttar Pradesh,
India. It is an established company having satisfactory track record. Management of the company has not filed its financials with the
government department for the year 2017. As per available financial of 2016, the company has achieved healthy
operational revenue and reported profit margin at 0.36% (Approximately). The company possesses sound financial risk profile marked by healthy
net worth base along with low debt level and favorable gap between trade
payables and trade receivables. The company also derives strength from its long established track
record of business operation. However, the rating strength is partially offset by non-availability
of latest financial details and low profit margin of company. Trade relations are reported as fair. Business is active. Payments
terms seems to be slow but correct. In view of long track record and sound financial base, the company can
be considered normal for business dealings at usual trade terms and
conditions. |
NOTES : Any query related to this
report can be made on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
INDIA RATING |
|
Rating |
Fund Based Limits (BB+) |
|
Rating Explanation |
Moderate risk of default |
|
Date |
04.10.2017 |
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
31-03-2018.
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 25.04.2018
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 PARTED BY
|
Name : |
Mr. Amit Agarwal |
|
Designation : |
Director |
|
Contact No.: |
91-9310115382 |
|
Date : |
24.04.2018 |
LOCATIONS
|
Registered Office : |
113/131, Swaroop Nagar, Kanpur – 208002, Uttar Pradesh, India |
|
Tel. No.: |
91-512-2543487 |
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Mobile No.: |
91-9235635056 (Mr. Pankaj Agarwal) 91-9310115382 (Mr. Amit Agarwal) |
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Fax No.: |
91-512-2543486 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Locality : |
Commercial cum Industrial |
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Head Office : |
123/1F, Snehlata Tower, Kalpi Road, Fazal Fanj, Kanpur – 208012, Uttar
Pradesh, India |
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Tel. No.: |
91-512-2543487 / 2543488 |
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Fax No.: |
91-512-2543486 |
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E-Mail : |
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Branch Office 1: |
A-220 Sakar-7, Nehru Bridge Corner, Ashram Road, Ahmedabad-380009,
Gujarat, India |
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Fax No.: |
91-79-30615062 |
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E-Mail : |
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Branch Office 2: |
1-7-264, 2nd Floor, Room No.2006, Emerald House, S.D. Road, Secunderabad – 500003, Telangana, India |
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Branch Office 3: |
A-03, Delhi Rajdhani Society, I.P. Extension-80, Patparganj, New Delhi – 110092, India |
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Tel. No.: |
91-11-22247309/ 22247310 |
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Fax No.: |
91-11-22247834 |
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E-Mail : |
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Branch Office 4: |
520, Tulsiyani Chambers, Plot No. 212, Nariman Point, Mumbai – 400021, Maharashtra, India |
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Tel. No.: |
91-22-30276000 / 30276015 |
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Fax No.: |
91-22-30276002 |
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E-Mail : |
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Branch Office 5: |
S-218, Silver Arc, Second Floor, Plot No. 57, Sec – 8, Gandhinagar,
Kutch – 370201, Gujarat, India |
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Tel No.: |
91-9825245361 |
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Fax No.: |
91-2836-226247 |
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Email : |
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Branch Office 6: |
Shop No. 37, Neelam Flyover/NIT, Faridabad, Haryana, India |
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Email : |
DIRECTORS
As on 31.03.2018
|
Name : |
Mr. Amar Nath Gupta |
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|
Designation : |
Director |
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Address : |
Flat No. 203, Ratan Apartment, 7/154, Swaroop Nagar, Kanpur – 208002, Uttar Pradesh, India |
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Date of Birth/Age : |
13.02.1952 |
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Date of Appointment : |
17.04.1997 |
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Qualification : |
Graduation |
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PAN No.: |
AAUPG4232E |
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DIN No.: |
00358060 |
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Other
Directorship:
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Name : |
Mr. Vijay Kumar Singla |
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Designation : |
Director |
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Address : |
381, Windsor Greens, F-28, Sector-50, Noida – 201301, Uttar Pradesh, India |
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Date of Birth/Age : |
12.07.1944 |
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Date of Appointment : |
31.12.2003 |
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Qualification : |
Graduation |
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PAN No.: |
AKJPS7232F |
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DIN No.: |
00709714 |
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Other
Directorship:
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||||||||||||
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Name : |
Mr. Mayur Saraf |
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Designation : |
Director |
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Address : |
46/46, Rajgaddi, Hatia, Kanpur – 208001, Uttar Pradesh, India |
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Date of Birth/Age : |
08.03.1981 |
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Date of Appointment : |
07.04.2005 |
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Qualification : |
Graduation |
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PAN No.: |
ATJPS5435K |
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DIN No.: |
00722003 |
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Other
Directorship:
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|||||||||||||
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||||||||||||
|
Name : |
Mr. Amit Bansal |
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Designation : |
Director |
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Address : |
Flat No. 202, Sai Siddhi Apartment, 11th Road Chembur, Next To Kukreja, Construction Chembur, Mumbai – 400071, Maharashtra, India |
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Date of Birth/Age : |
06.10.1973 |
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Date of Appointment : |
12.11.2001 |
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Qualification : |
Graduation |
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PAN No.: |
ABSPA9157H |
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DIN No.: |
00725678 |
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|
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Name : |
Mr. Amit Agarwal |
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Designation : |
Director |
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Address : |
A-3, Delhi Rajdhani Society, IP Extension 80, Patparganj, Delhi – 110092, India |
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Date of Birth/Age : |
07.07.1974 |
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Date of Appointment : |
30.04.1997 |
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Qualification : |
Graduation |
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PAN No.: |
ADVPA4903A |
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DIN No.: |
01030057 |
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Other
Directorship:
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Name : |
Mr. Nishant Vaish |
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Designation : |
Director |
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Address : |
Flat No.103, C-Wing, Mount Classic, Yogi Hills, Off Balrajeshwar Road, Mulund (West), Mumbai – 400080, Maharashtra, India |
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Date of Birth/Age : |
17.12.1976 |
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Date of Appointment : |
12.11.2001 |
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Qualification : |
Graduation |
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PAN No.: |
AAJPV5962D |
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DIN No.: |
01534398 |
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MAJOR SHAREHOLDERS
As on 30.09.2015
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
58.21 |
|
Promoters (Body corporate) |
22.84 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
18.39 |
|
Others trusts |
0.56 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Trading, Import, Export and
Marketing of Petro Chemicals for Industrial Production and Importer of raw material. (Registered
Activity and also confirmed by management) |
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Products / Services
: |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Advance Payment, L/C, Cheque and Other (NEFT/ RTGS) |
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Purchasing : |
Advance Payment, L/C, Cheque and Other (NEFT/ RTGS) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
·
Standard Chartered Bank ·
YES Bank Limited ·
HDFC Bank Limited ·
Bank of Baroda |
||||||||||||||||||||||||
|
Facilities : |
|
|
Financial
Institution : |
Reliance Capital Limited |
|
Auditors : |
|
|
Name : |
Hiren and Jain Chartered Accountants |
|
Address : |
27/81, Birhana Road, Kanpur – 208001, Uttar Pradesh, India
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFH9738G |
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|
|
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Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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Subsidiary Company: |
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|
Enterprises which are owned, or have significant influence of or are
partners with Key management personnel and their relatives : |
|
CAPITAL STRUCTURE
After 30.09.2016
Authorised Capital : INR
70.000 Million
Issued, Subscribed & Paid-up Capital : INR 21.636
Million
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
INR 10/- each |
INR 70.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2036145 |
Equity Shares |
INR 10/- each |
INR 20.361 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 |
20.361 |
20.361 |
20.361 |
|
(b) Reserves & Surplus |
271.245 |
239.163 |
213.042 |
|
(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 |
291.606 |
259.524 |
233.403 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
130.323 |
87.845 |
110.595 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities |
130.323 |
87.845 |
110.595 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
141.280 |
144.234 |
40.182 |
|
(b) Trade
payables |
1850.291 |
1259.134 |
1266.916 |
|
(c) Other
current liabilities |
76.485 |
44.065 |
42.276 |
|
(d) Short-term
provisions |
1.225 |
1.225 |
1.786 |
|
Total Current
Liabilities |
2069.281 |
1448.658 |
1351.160 |
|
|
|
|
|
|
TOTAL |
2491.210 |
1796.027 |
1695.158 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
19.424 |
19.548 |
20.216 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
3.272 |
3.272 |
2.426 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
5.067 |
5.067 |
5.067 |
|
(c) Deferred tax assets (net) |
1.862 |
1.495 |
0.693 |
|
(d) Long-term Loan and Advances |
28.736 |
24.140 |
22.946 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
58.361 |
53.522 |
51.348 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
418.303 |
304.073 |
288.390 |
|
(c) Trade
receivables |
1890.601 |
1312.810 |
1220.899 |
|
(d) Cash
and cash equivalents |
48.978 |
70.723 |
79.328 |
|
(e)
Short-term loans and advances |
74.967 |
54.899 |
55.193 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
2432.849 |
1742.505 |
1643.810 |
|
|
|
|
|
|
TOTAL |
2491.210 |
1796.027 |
1695.158 |
PROFIT
& LOSS ACCOUNT [STANDALONE]
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
9369.190 |
8431.212 |
7051.758 |
|
|
Other Income |
6.152 |
9.160 |
11.880 |
|
|
TOTAL |
9375.342 |
8440.372 |
7063.638 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
9190.854 |
8239.632 |
6806.605 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(112.325) |
(15.683) |
21.683 |
|
|
Employees benefits expense |
29.301 |
24.020 |
17.492 |
|
|
Other expenses |
167.545 |
114.963 |
121.765 |
|
|
TOTAL |
9275.375 |
8362.932 |
6967.545 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
99.967 |
77.440 |
96.093 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
46.476 |
33.041 |
45.906 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
53.491 |
44.399 |
50.187 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
3.671 |
4.356 |
2.76 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
49.820 |
40.043 |
47.427 |
|
|
|
|
|
|
|
Less |
TAX |
16.513 |
12.338 |
12.594 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
33.307 |
27.705 |
34.833 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
4.055 |
11.725 |
9.960 |
|
|
TOTAL
EARNINGS |
4.055 |
11.725 |
9.960 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
1184.301 |
971.115 |
1176.583 |
|
|
TOTAL
IMPORTS |
1184.301 |
971.115 |
1176.583 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
16.36 |
13.61 |
17.11 |
|
Particulars |
|
31.03.2018 |
31.03.2017 |
|
Sales Turnover |
|
1300.000 |
1000.000 |
|
|
|
(Due to business
growth) |
|
The above information has been parted by Mr. Amit Agarwal (Director)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(1.094) |
(50.845) |
132.273 |
|
Net cash flows from (used in) operating activity |
(13.151) |
(70.152) |
107.703 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
73.65 |
56.83 |
63.19 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.96 |
6.42 |
5.78 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
73.48 |
55.78 |
67.94 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.24 |
0.25 |
0.33 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
4.40 |
3.39 |
4.24 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.88 |
0.86 |
0.86 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.93 |
0.89 |
0.65 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
7.10 |
5.58 |
5.79 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.08 |
0.09 |
0.10 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.15 |
2.34 |
2.09 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.36 |
0.33 |
0.49 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.34 |
1.54 |
2.05 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
11.42 |
10.68 |
14.92 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.18 |
1.20 |
1.22 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.97 |
0.99 |
1.00 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.12 |
0.14 |
0.14 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
13.34 |
11.40 |
7.41 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.18 |
1.20 |
1.22 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
in Million) |
(INR
in Million) |
(INR
in Million) |
|
Share Capital |
20.361 |
20.361 |
20.361 |
|
Reserves & Surplus |
213.042 |
239.163 |
271.245 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
233.403 |
259.524 |
291.606 |
|
|
|
|
|
|
long-term borrowings |
110.595 |
87.845 |
130.323 |
|
Short term borrowings |
40.182 |
144.234 |
141.280 |
|
Total
borrowings |
150.777 |
232.079 |
271.603 |
|
Debt/Equity
ratio |
0.646 |
0.894 |
0.931 |
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 |
7051.758 |
8431.212 |
9369.190 |
|
|
|
19.562 |
11.125 |
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 |
7051.758 |
8431.212 |
9369.190 |
|
Profit |
34.833 |
27.705 |
33.308 |
|
|
0.49% |
0.33% |
0.36% |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES
OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
20.361 |
20.361 |
|
(b) Reserves & Surplus |
|
267.802 |
244.500 |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds |
|
288.163 |
264.861 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
130.323 |
87.845 |
|
(b) Deferred tax liabilities
(Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities |
|
130.323 |
87.845 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
141.279 |
144.234 |
|
(b) Trade payables |
|
1851.028 |
1259.722 |
|
(c) Other current liabilities |
|
76.485 |
44.065 |
|
(d) Short-term provisions |
|
1.225 |
1.231 |
|
Total
Current Liabilities |
|
2070.017 |
1449.252 |
|
|
|
|
|
|
TOTAL |
|
2488.503 |
1801.958 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
19.424 |
19.548 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
3.272 |
3.272 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
1.862 |
1.495 |
|
(d) Long-term Loan and Advances |
|
28.736 |
24.140 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
53.294 |
48.455 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
418.303 |
304.073 |
|
(c) Trade receivables |
|
1891.284 |
1321.993 |
|
(d) Cash and cash equivalents |
|
50.655 |
72.538 |
|
(e) Short-term loans and
advances |
|
74.967 |
54.899 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
2435.209 |
1753.503 |
|
|
|
|
|
|
TOTAL |
|
2488.503 |
1801.958 |
PROFIT
& LOSS ACCOUNT [CONSOLIDATED]
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
|
9369.191 |
8434.157 |
|
|
Other Income |
|
6.171 |
9.160 |
|
|
TOTAL
|
|
9375.362 |
8443.317 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
0.000 |
1.542 |
|
|
Purchases of Stock-in-Trade |
|
9190.854 |
8239.632 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(112.324) |
(15.683) |
|
|
Employees benefits expense |
|
29.750 |
24.304 |
|
|
Other expenses |
|
176.466 |
116.062 |
|
|
TOTAL |
|
9284.746 |
8365.857 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
90.616 |
77.460 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
46.496 |
33.079 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
44.120 |
44.381 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
3.744 |
4.372 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
40.376 |
40.009 |
|
|
|
|
|
|
|
Less |
TAX |
|
16.512 |
12.378 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
23.864 |
27.631 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
|
11.72 |
13.57 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of establishment |
Yes |
|
2] |
Constitution of the entity Incorporation
details |
Yes |
|
3] |
Locality of the entity |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Buyer visit details |
-- |
|
6] |
Contact numbers |
Yes |
|
7] |
Name of the person contacted |
Yes |
|
8] |
Designation of contact person |
Yes |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners /
Directors |
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) |
Yes |
|
16] |
No. of employees |
Yes |
|
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 four years |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
Yes |
|
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 |
Yes |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: The registered office of the company has been shifted from 123/1-Fkalpi Road Kanpur -208012, Uttar Pradesh India to the present address w.e.f. 22.12.2012
STATE OF AFFAIRS
The company is engaged in the business of Petro Chemicals. There has been no change in the business of the Company during the financial year ended 31st March, 2016.
There has been no change in the business of the Company during the financial year ended 31st March, 2016. The highlights of the Company's performance are as under: -
i. Revenue from operations increased by 11.08 % from INR 8440.372 Million to INR 9375.342 Million
ii. Net Profit for the year de creased by 24.42 % from INR 40.043 lakhs to INR 49.820 Million.
iii. Earnings per share have increased by 20.22% from INR 13.61/- to INR 16.36/-
UNSECURED LOAN
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Fully convertible debentures others |
31.050 |
31.050 |
|
Intercorporate deposits |
22.000 |
22.800 |
|
Loans and advances from directors |
34.937 |
25.450 |
|
Loans taken for vehicles |
0.980 |
0.816 |
|
Total |
88.967 |
80.116 |
INDEX
OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
AMOUNT |
ADDRESS |
|
1 |
G54221817 |
100124365 |
RBL BANK LIMITED |
14/09/2017 |
- |
150000000.0 |
SHAHUPURI,KOLHAPUR,KOLHAPURMA416001IN |
|
2 |
C36141398 |
10535207 |
STANDARD CHARTERED BANK |
29/09/2014 |
- |
13000000.0 |
10, PARLIAMENT STREETNEW DELHIDL110001IN |
|
3 |
B95234472 |
10474945 |
CITIBANK N.A |
30/01/2014 |
- |
170000000.0 |
JEEVAN BHARTI BUILDING, 4TH FLOOR124, CONNAUGHT CIRCUS, CONNAUGHT PLACENEW DELHIDL110001IN |
|
4 |
C56326838 |
10458804 |
STANDARD CHARTERED BANK |
07/11/2013 |
28/05/2015 |
714300000.0 |
10, PARLIAMENT STREETNEW DELHIDL110001IN |
|
5 |
B78720463 |
10434801 |
YES BANK LIMITED |
14/05/2013 |
- |
100000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN |
|
6 |
C62034939 |
10414916 |
STANDARD CHARTERED BANK |
19/02/2013 |
14/08/2015 |
250000000.0 |
10, PARLIAMENT STREETNEW DELHIDL110001IN |
|
7 |
B77796811 |
10290863 |
HDFC BANK LIMITED |
26/05/2011 |
28/05/2013 |
294300000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
8 |
B08470478 |
10272869 |
BANK OF BARODA |
24/02/2011 |
- |
22200000.0 |
CIVIL LINES BRANCHCIVIL LINESKANPURUP208001IN |
|
9 |
A77336527 |
10196631 |
RELIANCE CAPITAL LTD |
22/01/2010 |
- |
11450000.0 |
"H" BLOCK 1ST FLOORDHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNENAVI MUMBAIMH400710IN |
|
10 |
B77930766 |
10108007 |
HDFC BANK LIMITED |
30/04/2008 |
28/05/2013 |
294300000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
FIXED ASSETS
· Land
· Buildings
· Plant and equipment
· Factory equipment’s
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipment’s
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 66.02 |
|
|
1 |
INR 92.73 |
|
Euro |
1 |
INR 81.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
ARC |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
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 |
YES |
|
--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 unfavorable.
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.