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|
|
MIRA INFORM REPORT
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Report No. : |
490217 |
|
Report Date : |
06.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
C P S STEEL INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
102, P N Palayam Road, K R Puram, Ganapathy, Coimbatore-641006,
Tamilnadu |
|
Mob. No.: |
91-9842261058 [Mr. Prabhu] |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
11.04.2003 |
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|
|
|
Com. Reg. No.: |
18-010552 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 70.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27104TZ2003PTC010552 |
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|
|
|
IEC No.: |
Not Divulged |
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|
GST No.: |
Not Divulged |
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TIN No.: |
Not Divulged |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AACCC3240P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Manufacturing and Sale of M.S. Ingot. [Registered Activity] |
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|
|
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 2003. Management has failed to file its financials after the financial year 2014 with Registrar of Companies and same is not available from any other sources. As per the financial records of 2014, the company has reported a decline in its revenue as compared to the previous year and has incurred operational losses. The moderate financial position of the company is marked by negative reserve base and average debt balance sheet profile. However, as per the ROC records status is shown active. Payment terms are unknown. In view of aforesaid, the company can be considered for business dealings on safe and secured 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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
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
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
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial Reconstruction)
list as of 06.02.2018.
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 DECLINED BY
|
Name : |
Mr. Prabhu |
|
Designation : |
Business Head |
|
Contact No.: |
91-9842261058/ 9791344681 |
|
Date : |
05.02.2018 |
LOCATIONS
|
Registered Office : |
102, P N Palayam Road, K R Puram, Ganapathy, Coimbatore-641006,
Tamilnadu, India |
|
Tel. No.: |
91-422-2561688 |
|
Mobile No.: |
91-9842261058/ 9791344681 [Mr. Prabhu] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Factory : |
8/935, New Industrial Development Area, Puducherry Central Village, Palakkad-678621, Kerala, India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Chinnathambichettiar Somasundaram |
||||||||||
|
Designation : |
Managing Director |
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|
Address : |
91 P N Palayam Road K R Puram, Ganapathy,
Coimbatore-641006, Tamilnadu, India |
||||||||||
|
Date of Birth/Age : |
27.11.1960 |
||||||||||
|
Date of Appointment : |
11.04.2003 |
||||||||||
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PAN No.: |
AIJPS3593F |
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DIN No.: |
00014330 |
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|||||||||||
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|
||||||||||
|
Name : |
Mr. Chinnathambichettiar Ponnuswamy |
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|
Designation : |
Managing Director |
||||||||||
|
Address : |
New Building House, Ellaiyamman Kovil Street,
Tirumalrayanpattinam, Karaikal- 609606, Puducherry, India |
||||||||||
|
Date of Birth/Age : |
25.05.1962 |
||||||||||
|
Date of Appointment : |
11.04.2003 |
||||||||||
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PAN No.: |
AFSPP9771N |
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DIN No.: |
00014353 |
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|||||||||||
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|
||||||||||
|
Name : |
Mrs. Somasundaram Ranganayaki |
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|
Designation : |
Director |
||||||||||
|
Address : |
No 91b, Kattabomman Street Ganapathy, Coimbatore-641006, Tamilnadu, India |
||||||||||
|
Date of Birth/Age : |
20.06.1962 |
||||||||||
|
Date of Appointment : |
21.02.2005 |
||||||||||
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PAN No.: |
ADGPR3206E |
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DIN No.: |
00044297 |
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|
||||||||||
|
Name : |
Mrs. Perumal Dhanalakshmi |
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|
Designation : |
Director |
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|
Address : |
Old No 102a, Papanaikenpalayam Road, K R Puram,
Coimbatore-641006, Tamilnadu, India |
||||||||||
|
Date of Appointment : |
21.02.2005 |
||||||||||
|
PAN No.: |
AFZPD3030M |
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DIN No.: |
00044647 |
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KEY EXECUTIVES
|
Name : |
Mr. Prabhu |
|
Designation : |
Business Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2014
Note: SHAREHOLDING DETAILS FILE ATTACHED
AS ON: 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Sale of M.S. Ingot. [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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Terms : |
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||||
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Selling : |
Not Divulged |
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||||
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
· City Union Bank Limited Ramnagar
Branch, 27-30, Sarojini Street, Ramnagar, Coimbatore - 641009, Tamilnadu,
India |
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Facilities : |
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Auditors : |
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|
Name : |
Selvakumar A Chartered Accountant |
|
Address : |
No.
12, D. J . Nagar,Masakkalipalayam Road, Peelamedu, Coimbatore-641004,
Tamilnadu, India |
|
PAN No.: |
BGWPS3348J |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
Associate Companies
: |
· PSP Steel Private Limited, India [U27310TZ1999PTC008872] · Saravana Steel Corporation ·
Sri Madurai Meenakshi Amman Steel Re-Rolling
Mill India Private Limited, India [U27310TZ2006PTC012661] |
CAPITAL STRUCTURE
AS ON: 31.03.2014
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 |
|
|
|
|
|
|
7000000 |
Equity Shares |
INR 10/- each |
INR 70.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
70.000 |
70.000 |
70.000 |
|
(b) Reserves & Surplus |
(38.294) |
(5.194) |
1.553 |
|
(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) |
31.706 |
64.806 |
71.553 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.021 |
0.427 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
2.717 |
2.464 |
2.463 |
|
(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 (3) |
2.738 |
2.891 |
2.463 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
335.614 |
279.189 |
277.482 |
|
(b)
Trade payables |
74.730 |
125.887 |
140.293 |
|
(c)
Other current liabilities |
9.922 |
6.970 |
11.016 |
|
(d)
Short-term provisions |
0.000 |
0.000 |
0.287 |
|
Total
Current Liabilities (4) |
420.266 |
412.046 |
429.078 |
|
|
|
|
|
|
TOTAL |
454.710 |
479.743 |
503.094 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
57.561 |
56.631 |
53.787 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
4.940 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
0.000 |
0.000 |
0.000 |
|
(e)
Other Non-current assets |
3.245 |
3.706 |
3.106 |
|
Total
Non-Current Assets |
60.806 |
60.337 |
61.833 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
309.233 |
352.988 |
379.643 |
|
(c)
Trade receivables |
17.000 |
19.220 |
22.665 |
|
(d)
Cash and cash equivalents |
0.199 |
0.181 |
0.196 |
|
(e)
Short-term loans and advances |
67.472 |
46.882 |
38.615 |
|
(f)
Other current assets |
0.000 |
0.135 |
0.142 |
|
Total
Current Assets |
393.904 |
419.406 |
441.261 |
|
|
|
|
|
|
TOTAL |
454.710 |
479.743 |
503.094 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income from Operations |
286.863 |
368.323 |
462.993 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
(10.834) |
15.202 |
19.988 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
15.073 |
13.364 |
13.521 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(25.907) |
1.838 |
6.467 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
6.941 |
6.241 |
5.329 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(32.848) |
(4.403) |
1.138 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.253 |
2.343 |
0.861 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(33.101) |
(6.746) |
0.277 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
(4.73) |
(0.96) |
0.04 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
1.120 |
0.767 |
0.000 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(13.534) |
22.262 |
9.257 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(14.866) |
18.776 |
8.107 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
21.63 |
19.05 |
17.87 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
16.87 |
19.16 |
20.43 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
(0.04) |
0.04 |
0.05 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
(0.19) |
0.27 |
0.34 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.93 |
0.86 |
0.85 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
10.62 |
4.33 |
3.88 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
13.26 |
6.36 |
6.00 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.82 |
0.87 |
0.82 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
(0.72) |
1.14 |
1.48 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
(11.54) |
(1.83) |
0.06 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(7.28) |
(1.41) |
0.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(104.40) |
(10.41) |
0.39 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.94 |
1.02 |
1.03 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.20 |
0.16 |
0.14 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.07 |
0.14 |
0.14 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
4.81 |
4.01 |
3.96 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.94 |
1.02 |
1.03 |
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 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
70.000 |
70.000 |
70.000 |
|
Reserves & Surplus |
1.553 |
-5.194 |
-38.294 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
71.553 |
64.806 |
31.706 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.427 |
0.021 |
|
Short term borrowings |
277.482 |
279.189 |
335.614 |
|
Current Maturities of Long
term debt |
0.000 |
0.767 |
1.120 |
|
Total
borrowings |
277.482 |
280.383 |
336.755 |
|
Debt/Equity
ratio |
3.878 |
4.326 |
10.621 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
462.993 |
368.323 |
286.863 |
|
|
|
-20.447 |
-22.116 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
462.993 |
368.323 |
286.863 |
|
Profit |
0.277 |
(6.746) |
(33.101) |
|
|
0.06% |
(1.83%) |
(11.54%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G47754353 |
100107853 |
CITY UNION BANK LIMITED |
30/03/2017 |
- |
- |
20000000.0 |
RAMNAGAR BRANCH27-30, SAROJINI STREET, RAMNAGARCOIMBATORETN641009IN |
|
2 |
B95062642 |
10474521 |
CITY UNION BANK LIMITED |
30/12/2013 |
- |
- |
40000000.0 |
RAMNAGAR BRANCH27-30, SAROJINI STREET, RAMNAGARCOIMBATORETN641009IN |
|
3 |
B96660246 |
90004588 |
CITY UNION BANK LIMITED |
08/02/2005 |
31/01/2014 |
- |
140000000.0 |
RAMNAGAR BRANCH27-30, SAROJINI STREET, RAMNAGARCOIMBATORETN641009IN |
|
4 |
A84662907 |
10020826 |
CENTURIAN BANK OF PUNJAB LTD |
18/09/2006 |
- |
16/04/2010 |
1400000.0 |
723,A&B ,THIRUMALAI TOWERS ,AVINASHI ROADCOIMBATORECOIMBATORETN641018IN |
|
5 |
A84663251 |
10053660 |
CENTURION BANK OF PUNJAB LTD |
27/04/2007 |
- |
16/04/2010 |
1000000.0 |
AVANASHI ROADCOIMBATORETN641018IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (INR
In Million) |
31.03.2013 (INR
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances from directors |
194.737 |
205.211 |
|
Other loans and advances, others |
49.683 |
19.874 |
|
|
|
|
|
Total |
244.420 |
225.085 |
CORPORATE INFORMATION: [As on 31.03.2014]
C.P.S.Steel India Private Limited is a private company domiciled in India and incorporated on 11.04.2003 under the provisions of the Companies Act, 1956. The company is engaged in the manufacturing of M.S.Ingot. The company caters to the domestic market only.
PERFORMANCE: [As on 31.03.2014]
The companys turnover (gross) has decreased by 22.12% as compared to last year. During the year the company has incurred loss [PBT] to the extent of INR 32.846 Million [Last year Loss INR 4.403 Million) and Loss after tax at INR 33.099 Million after adjusting towards deferred tax liability to the extent of INR 0.253 Million for the year. Due to unfavorable market conditions coupled with frequent power failure and machinery breakdowns. They are unable to achieve the targeted profit during the year under report. The directors are confident that the production / profitability of the company will be better during the current year.
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No 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 64.03 |
|
UK Pound |
1 |
INR 90.40 |
|
Euro |
1 |
INR 79.73 |
INFORMATION DETAILS
|
Information Gathered
by : |
GYT |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
IND |
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.