|
|
|
MIRA INFORM REPORT
|
Report No. : |
492139 |
|
Report Date : |
16.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
ANANDHA FABRICATIONS CBE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
70 Bharathi Park Road No 2, Saibaba Mission P O,
Coimbatore – 641011, Tamilnadu |
|
Tel. No.: |
91-422-2666034 |
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|
|
Country : |
India |
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|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
03.11.1992 |
|
|
|
|
Com. Reg. No.: |
18-004092 |
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|
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Capital Investment
/ Paid-up Capital : |
INR 19.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U02811TZ1992PTC004092 |
|
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|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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GSTIN : |
Not Divulged |
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PAN No.: [Permanent Account No.] |
Not Available |
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|
Legal Form : |
Private Limited Liability Company. |
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|
Line of Business
: |
Subject is engaged in the business of manufacturing high quality Pressure Vessel, Klins, Heat exchangers, Butterfly valve bodies, Earth moving equipment components, Robot risers, Storage, Tanks, Process Equipment, Static and Rotary Equipment. (Registered activity) |
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|
|
|
No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
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Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 1992 and it is engaged in manufacturing
of high quality pressure vessels, kilns, heat exchangers, butterfly value
bodies, earth moving equipment components and storage tanks. As per financials of March 2017, the company has registered decent
growth in its revenue and has reported minimal profit margin of 0.44%. Rating takes into consideration the company’s moderate scale of
business operations marked by low reserves level along with average liquidity
position and unfavorable gap between its trade payables to its trade
receivables. Payments seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings with caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
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
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
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 16.02.2018.
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 DENIED
Management non-cooperative (Tel. No.: 91-9786015055 / 91-422-2666034)
Given number i.e. Mr. Ravikanth (Chief Financial Officer) 91-9677044714
is wrong number.
LOCATIONS
|
Registered Office : |
70 Bharathi Park Road No 2, Saibaba Mission P O,
Coimbatore – 641011, Tamilnadu, India |
|
Tel. No.: |
91-422-2666034 / 2666334 |
|
Fax No.: |
Not Available |
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E-Mail : |
|
|
Website : |
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|
Works : |
Thudiyalur Road, Saravanampatti (Post), Coimbatore -
641035, Tamilnadu, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Kandhaswamy Krithika |
||||||||
|
Designation : |
Director |
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|
Address : |
70, Bharathi Park Road No. 2 Saibaba Colony, Coimbatore –
641011, Tamilnadu, India |
||||||||
|
Date of Birth/Age : |
27.01.1972 |
||||||||
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Date of Appointment : |
03.11.1992 |
||||||||
|
DIN No.: |
00118598 |
||||||||
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|
||||||||
|
Name : |
Mr. Marappamudaliar Kandaswami |
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|
Designation : |
Managing Director |
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|
Address : |
70, Bharathi Park Road No. 2 Saibaba Colony, Coimbatore –
641011, Tamilnadu, India |
||||||||
|
Date of Birth/Age : |
28.09.1942 |
||||||||
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Date of Appointment : |
03.11.1992 |
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DIN No.: |
00118622 |
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Other Directorship:
|
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||||||||
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Name : |
Mr. Kandaswami Anandalakshmi |
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Designation : |
Director |
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|
Address : |
70, Bharathi Park Road No. 2 Saibaba Colony, Coimbatore –
641011, Tamilnadu, India |
||||||||
|
Date of Birth/Age : |
13.07.1950 |
||||||||
|
Date of Appointment : |
03.11.1992 |
||||||||
|
DIN No.: |
00118647 |
||||||||
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|
||||||||
|
Name : |
Mr. Sundaram Radha |
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Designation : |
Director |
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Address : |
141 Chopin Ave, Troy Michigan MI-48083 US |
||||||||
|
Date of Birth/Age : |
25.06.1969 |
||||||||
|
Date of Appointment : |
03.11.1992 |
||||||||
|
DIN No.: |
01675363 |
||||||||
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|
||||||||
|
Name : |
Mr. Kandhaswami Shivaraman |
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|
Designation : |
Wholetime Director |
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|
Address : |
3B VKL Nagar 10th Street Extn, Thudiyalur, Coimbatore –
641034, Tamilnadu, India |
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|
Date of Birth/Age : |
05.02.1973 |
||||||||
|
Date of Appointment : |
03.11.1992 |
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|
DIN No.: |
01677381 |
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KEY EXECUTIVES
|
Name : |
Mr. Ravikanth |
|
Designation : |
Chief Financial Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
M.Kandaswami |
|
117000 |
|
K.Shivaraman |
|
58500 |
|
K.Krithika |
|
19500 |
|
|
|
|
|
Total |
|
195000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of manufacturing high quality Pressure Vessel, Klins, Heat exchangers, Butterfly valve bodies, Earth moving equipment components, Robot risers, Storage, Tanks, Process Equipment, Static and Rotary Equipment. (Registered activity) |
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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 : |
Not Divulged |
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||||
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Imports : |
Not Divulged |
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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 declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Karthikeyan and Jayaram Chartered Accountants |
|
Address : |
GKM Towers, 141, Alagesan Road, Saibaba Colony, Coimbatore – 641011,
Tamilnadu, India |
|
Tel. No.: |
91-422-2447759 |
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Mob. No.: |
91-9865210422 |
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E-Mail : |
|
|
Website : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AADFG5927B |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
INR 100/- each |
INR 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
195000 |
Equity Shares |
INR 100/- each |
INR 19.500
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
19.500 |
5.500 |
5.500 |
|
(b) Reserves &
Surplus |
2.989 |
2.711 |
1.950 |
|
(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) |
22.489 |
8.211 |
7.450 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
5.936 |
0.257 |
1.627 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.231 |
|
(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) |
5.936 |
0.257 |
1.858 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
12.469 |
30.874 |
29.272 |
|
(b) Trade payables |
8.069 |
23.021 |
24.731 |
|
(c) Other current
liabilities |
20.262 |
17.279 |
15.131 |
|
(d) Short-term provisions |
0.468 |
0.174 |
1.746 |
|
Total Current Liabilities
(4) |
41.268 |
71.348 |
70.880 |
|
|
|
|
|
|
TOTAL |
69.693 |
79.816 |
80.188 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
12.891 |
14.207 |
16.065 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(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) |
0.380 |
0.097 |
0.000 |
|
(d) Long-term Loan and Advances |
0.148 |
0.292 |
3.343 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
13.419 |
14.596 |
19.408 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
33.758 |
36.130 |
32.206 |
|
(c) Trade receivables |
12.916 |
22.056 |
20.707 |
|
(d) Cash and cash
equivalents |
1.072 |
3.904 |
4.354 |
|
(e) Short-term loans and
advances |
8.436 |
3.086 |
3.403 |
|
(f) Other current assets |
0.092 |
0.044 |
0.110 |
|
Total Current Assets |
56.274 |
65.220 |
60.780 |
|
|
|
|
|
|
TOTAL |
69.693 |
79.816 |
80.188 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
63.119 |
51.153 |
41.206 |
|
|
Other Income |
0.886 |
1.975 |
1.026 |
|
|
TOTAL |
64.005 |
53.128 |
42.232 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
35.163 |
42.855 |
31.442 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
4.136 |
(11.439) |
(7.154) |
|
|
Employees benefits
expense |
5.170 |
4.824 |
4.405 |
|
|
Other expenses |
14.137 |
9.186 |
6.621 |
|
|
TOTAL |
58.606 |
45.426 |
35.314 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
5.399 |
7.702 |
6.918 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
2.710 |
4.984 |
4.921 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
2.689 |
2.718 |
1.997 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
2.226 |
2.181 |
3.595 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
0.463 |
0.537 |
-1.598 |
|
|
|
|
|
|
|
Less |
TAX |
0.184 |
(0.154) |
(0.417) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
0.279 |
0.691 |
(1.181) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
3.85 |
12.56 |
(21.48) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
1.583 |
0.000 |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
(0.761) |
1.505 |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
74.69 |
157.38 |
183.42 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.89 |
2.32 |
1.99 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
83.76 |
196.07 |
287.09 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.16 |
0.21 |
0.21 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.42 |
0.54 |
0.43 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.68 |
0.90 |
0.90 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.82 |
3.79 |
4.15 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.84 |
8.69 |
9.51 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.57 |
1.73 |
2.16 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.99 |
1.55 |
1.41 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.44 |
1.35 |
(2.87) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.40 |
0.87 |
(1.47) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
1.24 |
8.42 |
(15.85) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.36 |
0.91 |
0.86 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.55 |
0.41 |
0.40 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.32 |
0.10 |
0.09 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.94 |
5.66 |
5.62 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.36 |
0.91 |
0.86 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
5.500 |
5.500 |
19.500 |
|
Reserves & Surplus |
1.950 |
2.711 |
2.989 |
|
Net worth |
7.450 |
8.211 |
22.489 |
|
|
|
|
|
|
long-term borrowings |
1.627 |
0.257 |
5.936 |
|
Short term borrowings |
29.272 |
30.874 |
12.469 |
|
Total borrowings |
30.899 |
31.131 |
18.405 |
|
Debt/Equity ratio |
4.148 |
3.791 |
0.818 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
41.206 |
51.153 |
63.119 |
|
|
|
24.140 |
23.393 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
41.206 |
51.153 |
63.119 |
|
Profit |
(1.181) |
0.691 |
0.279 |
|
|
(2.87%) |
1.35% |
0.44% |
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 |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
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 |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE
INFORMATION
Subject is private limited company domiciled in India and incorporated
under the provision of the companies act, 1956. The company is involved in
manufacturing high quality Pressure Vessel, Klins, Heat exchangers, Butterfly
valve bodies, Earth moving equipment components, Robot risers, Storage, Tanks,
Process Equipment, Static and Rotary Equipment. The company caters to domestic
markets.
OPERATIONS AND FUTURE
PLANS OF THE COMPANY
The company has achieved a turnover of INR 63.119 Million and profit after tax of INR 0.279 Million during the Year. The Directors hope that the performance of the company will improve in the forthcoming years.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term borrowings |
|
|
|
National small scale industries |
0.000 |
14.626 |
|
|
|
|
|
Total |
0.000 |
14.626 |
INDEX
OF CHARGES:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G41369703 |
100090763 |
CITY UNION BANK LIMITED |
24/02/2017 |
- |
- |
14000000.0 |
No.27-30, Sarojini StreetRamnagar Coimbatore TN 641009 IN |
|
2 |
G41026329 |
80007955 |
CORPORATION BANK |
27/12/2002 |
08/05/2015 |
22/03/2017 |
34457770.0 |
VELANDIPALAYAM BRANCHRENGA'S WEST END, NSR ROAD, SAIBABA COLONY, COIMBATORE TN 641011 IN |
FIXED ASSETS
- Building
- Furniture and
Fitting
- Electrical
Equipment
- Camera
- Office
Equipment
- Air
Conditioner
- Machinery
- Grinding
Machine
- Vehicle
- Generator
- Tools
- Cutter
- Furnace
- Computer
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 63.92 |
|
|
1 |
INR 89.55 |
|
Euro |
1 |
INR 79.86 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
JYO |
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 |
NO |
|
--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.