|
|
|
MIRA INFORM REPORT
|
Report No. : |
492570 |
|
Report Date : |
19.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
MONTECARLO LIMITED (w.e.f. 21.03.2012) |
|
|
|
|
Formerly Known
As : |
MONTECARLO CONSTRUCTION LIMITED |
|
|
|
|
Registered Office
: |
706, 7th Floor, Shilpur Muncipal Market, C G Road,
Navrangapura, Ahmedabad – 380009, Gujarat |
|
Tel. No.: |
91-79-26409333 / 777 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
20.03.1995 |
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|
|
|
Com. Reg. No.: |
04-025082 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 641.250 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40300GJ1995PLC025082 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TIN No.: |
24073400851 27980544549 23286004839 |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAACM7958A1ZH [Mumbai Nodal Division] 23AAACM7958A1ZP [Jabalpu-2] 24AAACM7958A1ZN [Ghatak 8 (Ahmedabad)] |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
AHMM00098A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM7958A |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
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Line of Business
: |
Subject is engaged in business of Infrastructure Development, Mining and Infrastructure for Power Transmission and Distribution and Real Estate Business. [Registered Activity] |
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|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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Comments : |
Montecarlo Limited was incorporated in the year 1995. It is engaged in
the construction of large-scale of civil projects in various sectors namely highway
and bridges, irrigation and water sector, mining, power, buildings and
factories. For the financial year 2017, the company has achieved revenue growth
of 19.38% as compared to the previous year along with an average profit
margin of 6.18%. The sound financial risk profile of the company is marked by adequate
net worth base along with strong debt coverage metrics due to low debt
balance sheet profile. Rating takes into consideration the subject’s healthy earnings per
share of INR 18.90 against the Face Value of INR 10. Rating takes into account the subject’s long established track record
of business operation along with extensive experience of its promoters. Payments are reported to be usually correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 |
Long Term Bank Facilities = A+ |
|
Rating Explanation |
Adequate degree of safety and low credit
risk |
|
Date |
25.07.2017 |
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
31-03-2016.
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 19.02.2018.
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.: 91-79-26409333 / 777 /
91-79-71999309 / 9909305057)
LOCATIONS
|
Registered Office / Corporate Office : |
706, 7th Floor, Shilpur Muncipal Market, C G Road,
Navrangapura, Ahmedabad – 380009, Gujarat, India |
|
Tel. No.: |
91-79-26409333 / 777 |
|
Mobile No.: |
91-9909305057 [Mr. Kalpesh] |
|
Fax No.: |
91-79-26408444 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Regional Office : |
No. 2601, Wing-B, Fantasy Land C & S No. 1, J V Link Road,
Opposite Majas Depot, Jogeshwari, Mumbai – 400060, Maharashtra, India |
|
|
|
|
Project Office : |
C/o Sasan Coal Mine, Moher and Mohar Amlohri Extension OCP, Post-Podi Naugai,
Singrauli – 486886, Madhya Pradesh, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Brijeshk Anubhai Patel |
|
Designation : |
Managing Director |
|
Address : |
"Devkrushna", 18, Ashok Vatika-I Ambli-Bopal Road, Bodakdev Ahmedabad – 380058, Gujarat, India |
|
Date of Birth/Age : |
29.04.1979 |
|
Date of Appointment : |
02.03.1998 |
|
DIN No.: |
00025479 |
|
|
|
|
Name : |
Mrunal Kanubhai Patel |
|
Designation : |
Managing Director |
|
Address : |
"Devkrushna", 18, Ashok Vatika-I Ambli-Bopal Road, Bodakdev Ahmedabad – 380058, Gujarat, India |
|
Date of Birth/Age : |
21.01.1984 |
|
Date of Appointment : |
23.01.2002 |
|
DIN No.: |
00025525 |
|
|
|
|
Name : |
Kanubhai Mafatlal Patel |
|
Designation : |
Managing Director |
|
Address : |
"Devkrushna", 18, Ashok Vatika-I Ambli-Bopal Road, Bodakdev Ahmedabad – 380058, Gujarat, India |
|
Date of Appointment : |
01.10.2009 |
|
DIN No.: |
00025552 |
|
|
|
|
Name : |
Ajay Vasantbhai Mehta |
|
Designation : |
Director |
|
Address : |
A-2, 399, Opposite Nehru Foundation, Bodakdev, Ahmedabad – 380054, Gujarat, India |
|
Date of Appointment : |
31.03.2015 |
|
DIN No.: |
00078126 |
|
|
|
|
Name : |
Suhas Vasant Joshi |
|
Designation : |
Wholetime Director |
|
Address : |
14,Vrundavan ,Part-2 Thaltej Shilaj Road ,Thaltej, Ahmedabad – 380059, Gujarat, India |
|
Date of Birth/Age : |
12.03.1955 |
|
Date of Appointment : |
26.06.2013 |
|
DIN No.: |
00171232 |
|
|
|
|
Name : |
Nareshkumar Pranshankar Suthar |
|
Designation : |
Wholetime Director |
|
Address : |
A-7, Paras Bungalows Near Telephone Exchange, Bopal, Ahmedabad – 380058, Gujarat, India |
|
Date of Birth/Age : |
01.07.1968 |
|
Date of Appointment : |
01.10.2009 |
|
DIN No.: |
00414050 |
|
|
|
|
Name : |
Malini Ganesh |
|
Designation : |
Director |
|
Address : |
Flat-2d,Raga Foundation, No-12,11th Street, Nandanam Extension, Chennai – 600035, Tamilnadu, India |
|
Date of Appointment : |
31.03.2015 |
|
DIN No.: |
07126914 |
|
|
|
|
Name : |
Ketan Harshadrai Mehta |
|
Designation : |
Director |
|
Address : |
Plot 379 Sector 1C, Gandhinagar – 382001, Gujarat, India |
|
Date of Appointment : |
31.03.2015 |
|
DIN No.: |
07141480 |
KEY EXECUTIVES
|
Name : |
Nigam Gautambhai Shah |
|
Designation : |
Chief Financial Officer |
|
Address : |
B 101, Akashdeep Annex, Near Shreyas Crossing Ambawadi, Ahmedabad – 380015, Gujarat, India |
|
Date of Appointment : |
01.06.2015 |
|
PAN No.: |
BCXPS5397A |
|
|
|
|
Name : |
Kalpesh Punamchand Desai |
|
Designation : |
Company Secretary |
|
Address : |
7,Tulsi Raw House, Jodhpur Village Road, Satellite Road,
Ahmedabad – 380015, Gujarat, India |
|
Date of Appointment : |
01.06.2016 |
|
PAN No.: |
ACCPD0329D |
MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Kanubhai Mafatlal Patel |
|
9493750 |
|
Dinaben Kanubhai Patel |
|
1337750 |
|
Brijesh Kanubhai Patel |
|
5842500 |
|
Rekhaben Jagdipbhai Patel |
|
2500 |
|
Jagdipbhai Chandulal Patel |
|
2500 |
|
Mrunal Kanubhai Patel |
|
750250 |
|
Alpaben Brijesh Patel |
|
250 |
|
Kanubhai Mafatlal Patel and Dinaben Kanubhai Patel |
|
312500 |
|
Dinaben Kanubhai Patel and Kanubhai Mafatlal Patel |
|
5000000 |
|
Brijesh Kanubhai Patel and Kanubhai Mafatlal Patel |
|
875000 |
|
Mrunal Kanubhai Patel and Kanubhai Mafatlal Patel |
|
5875000 |
|
Montecarlo Infrastructure Limited, India |
|
10625000 |
|
Montecarlo Projects Private Limited, India |
|
12000000 |
|
Montecarlo Engineering Private Limited, India |
|
12000000 |
|
Suhas Vasant Joshi |
|
4000 |
|
Nareshkumar Pranshankar Suthar |
|
4000 |
|
|
|
|
|
Total |
|
64125000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2016
|
Category |
Percentage |
|
Promoters - Individual/Hindu Undivided Family – Indian |
45.98 |
|
Promoters - Body corporate |
54.00 |
|
Public/Other than promoters - Individual/Hindu Undivided Family – Indian |
0.02 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in business of Infrastructure
Development, Mining and Infrastructure for Power Transmission and Distribution
and Real Estate Business. [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 : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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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 : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Surana Maloo and Company Chartered Accountants |
|
Address : |
2nd Floor , Akashganga Complex, Parimal Under Bridge, Near Suvidha Shopping Center, Paldi, Ahmedabad, Gujarat, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAHFS7809J |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
|
|
Associate : |
Bijapur Hungund Tollway Private Limited |
|
|
|
|
Subsidiary Company
: |
U45303GJ2016PLC093407
|
|
|
|
|
Joint-Venture : |
|
|
|
|
|
Others : |
Nitin Constructions Limited U99999GJ1988PLC011344 |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
|
|
|
|
|
|
(*) These companies have merged with Montecarlo Ltd. as per the Scheme of Arrangement approved by the Honourable Gujarat High Court |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
82550000 |
Equity Shares |
INR 10/- each |
INR 825.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
64125002 |
Equity Shares |
INR 10/- each |
INR 641.250 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET – [STANDALONE]
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
641.250 |
641.250 |
128.250 |
|
(b) Reserves &
Surplus |
3651.287 |
2667.226 |
2249.038 |
|
(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) |
4292.537 |
3308.476 |
2377.288 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
681.382 |
982.325 |
1334.748 |
|
(b) Deferred tax
liabilities (Net) |
49.537 |
43.542 |
25.567 |
|
(c) Other long term
liabilities |
1009.186 |
1333.605 |
1216.248 |
|
(d) long-term provisions |
51.710 |
51.069 |
17.602 |
|
Total Non-current
Liabilities (3) |
1791.815 |
2410.541 |
2594.165 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
2114.774 |
2407.052 |
1262.877 |
|
(b) Trade payables |
1823.597 |
1773.666 |
1118.029 |
|
(c) Other current
liabilities |
4120.014 |
2202.270 |
1744.926 |
|
(d) Short-term provisions |
627.712 |
577.915 |
391.106 |
|
Total Current Liabilities
(4) |
8686.097 |
6960.903 |
4516.938 |
|
|
|
|
|
|
TOTAL |
14770.449 |
12679.920 |
9488.391 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2802.454 |
2778.596 |
2522.230 |
|
(ii) Intangible Assets |
97.438 |
35.634 |
15.911 |
|
(iii) Capital
work-in-progress |
31.874 |
191.519 |
88.852 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
2.930 |
|
(b) Non-current
Investments |
253.042 |
250.620 |
245.071 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
343.558 |
416.978 |
605.042 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
3528.366 |
3673.347 |
3480.036 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
3489.557 |
2365.105 |
1039.360 |
|
(c) Trade receivables |
3172.953 |
2589.028 |
2311.276 |
|
(d) Cash and cash
equivalents |
230.476 |
240.210 |
222.864 |
|
(e) Short-term loans and
advances |
4346.327 |
3810.126 |
2432.753 |
|
(f) Other current assets |
2.770 |
2.104 |
2.102 |
|
Total Current Assets |
11242.083 |
9006.573 |
6008.355 |
|
|
|
|
|
|
TOTAL |
14770.449 |
12679.920 |
9488.391 |
PROFIT
& LOSS ACCOUNT – [STANDALONE]
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
19582.739 |
16402.589 |
10639.311 |
|
|
|
Other Income |
70.888 |
75.611 |
63.668 |
|
|
|
TOTAL |
19653.627 |
16478.200 |
10702.979 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
2164.858 |
1945.404 |
828.254 |
|
|
|
Purchases of Stock-in-Trade |
1069.493 |
108.105 |
593.630 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(933.007) |
(1090.148) |
7.439 |
|
|
|
Employees benefits expense |
11256.270 |
10003.937 |
5297.600 |
|
|
|
CSR Expenditure |
20.876 |
13.404 |
9.060 |
|
|
|
Other expenses |
3711.668 |
3314.094 |
2370.014 |
|
|
|
Exceptional Items |
0.339 |
1.038 |
121.214 |
|
|
|
TOTAL |
17290.497 |
14295.834 |
9227.211 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
2363.130 |
2182.366 |
1475.768 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
394.340 |
393.442 |
330.696 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1968.790 |
1788.924 |
1145.072 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
398.205 |
337.433 |
215.572 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
1570.585 |
1451.491 |
929.500 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
358.800 |
520.303 |
299.854 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
1211.785 |
931.188 |
629.646 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (INR) |
18.90 |
14.52 |
49.08 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
740.253 |
644.481 |
520.437 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
2099.040 |
656.922 |
1730.288 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
59.14 |
57.61 |
79.29 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
6.17 |
6.34 |
4.60 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
205.79 |
315.26 |
287.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.68 |
0.92 |
1.42 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.81 |
0.73 |
0.56 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.63 |
0.63 |
0.62 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.65 |
1.02 |
1.09 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.02 |
2.10 |
1.90 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.68 |
0.91 |
1.11 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
5.99 |
5.55 |
4.46 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
6.19 |
5.68 |
5.92 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
8.20 |
7.34 |
6.64 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
28.23 |
28.15 |
26.49 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.29 |
1.29 |
1.33 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.89 |
0.95 |
1.10 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.29 |
0.26 |
0.25 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
4.36 |
5.29 |
20.25 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.29 |
1.29 |
1.33 |
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 |
128.250 |
641.250 |
641.250 |
|
Reserves & Surplus |
2249.038 |
2667.226 |
3651.287 |
|
Net worth |
2377.288 |
3308.476 |
4292.537 |
|
|
|
|
|
|
long-term borrowings |
1334.748 |
982.325 |
681.382 |
|
Short term borrowings |
1262.877 |
2407.052 |
2114.774 |
|
Current Maturities of
Long term debt |
520.437 |
644.481 |
740.253 |
|
Total borrowings |
3118.062 |
4033.858 |
3536.409 |
|
Debt/Equity ratio |
1.312 |
1.219 |
0.824 |
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 |
10639.311 |
16402.589 |
19582.739 |
|
|
|
54.170 |
19.388 |
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 |
10639.311 |
16402.589 |
19582.739 |
|
Profit |
629.646 |
931.188 |
1211.785 |
|
|
5.92% |
5.68% |
6.19% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
641.250 |
641.250 |
|
(b) Reserves &
Surplus |
|
3331.528 |
2405.986 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
3972.778 |
3047.236 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
681.382 |
982.325 |
|
(b) Deferred tax
liabilities (Net) |
|
49.537 |
43.543 |
|
(c) Other long term
liabilities |
|
1009.186 |
1333.605 |
|
(d) long-term provisions |
|
51.710 |
51.068 |
|
Total Non-current
Liabilities (3) |
|
1791.815 |
2410.541 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
2114.774 |
2407.052 |
|
(b) Trade payables |
|
1831.394 |
1773.668 |
|
(c) Other current
liabilities |
|
4140.544 |
2217.743 |
|
(d) Short-term provisions |
|
627.712 |
577.914 |
|
Total Current Liabilities
(4) |
|
8714.424 |
6976.377 |
|
|
|
|
|
|
TOTAL |
|
14479.017 |
12434.154 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
2802.454 |
2778.596 |
|
(ii) Intangible Assets |
|
97.438 |
35.634 |
|
(iii) Capital
work-in-progress |
|
31.874 |
191.519 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
185.307 |
241.371 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
90.204 |
164.898 |
|
(e) Other Non-current
assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
3207.277 |
3412.018 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
3489.557 |
2365.105 |
|
(c) Trade receivables |
|
3178.618 |
2586.607 |
|
(d) Cash and cash
equivalents |
|
241.695 |
250.470 |
|
(e) Short-term loans and
advances |
|
4359.100 |
3817.850 |
|
(f) Other current assets |
|
2.770 |
2.104 |
|
Total Current Assets |
|
11271.740 |
9022.136 |
|
|
|
|
|
|
TOTAL |
|
14479.017 |
12434.154 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
Income |
|
19582.740 |
16402.589 |
|
|
Other Income |
|
70.888 |
75.611 |
|
|
TOTAL |
|
19653.628 |
16478.200 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
2164.858 |
1945.404 |
|
|
Purchases of Stock-in-Trade |
|
1069.493 |
108.105 |
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
|
(933.007) |
(1090.148) |
|
|
Employees benefits expense |
|
11256.270 |
10003.937 |
|
|
CSR Expenditure |
|
20.876 |
13.404 |
|
|
Other expenses |
|
3711.803 |
3314.094 |
|
|
Exceptional Items |
|
0.339 |
1.037 |
|
|
TOTAL |
|
17290.632 |
14295.833 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
2362.996 |
2182.367 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
394.340 |
393.442 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
1968.656 |
1788.925 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
398.205 |
337.434 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
1570.451 |
1451.491 |
|
|
|
|
|
|
|
Less |
TAX (H) |
|
358.800 |
520.303 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
|
1211.651 |
931.188 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
17.98 |
13.36 |
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 |
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 |
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 |
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 |
Yes |
|
32 |
Litigations that the firm/promoter involved
in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE INFORMATION
Subject is a public limited company domiciled in India and incorporated under the provisions of the Companies Act, 2013. The company is engaged in business of Infrastructure Development, Mining and Infrastructure for Power Transmission & Distribution and Real Estate Business.
BUSINESS OVERVIEW
During the Financial Year 2016-17, the Company has outshined by recording standalone revenue from operations of INR 19582.739 Million in compare to INR 16402.589 Million in the previous year by recording growth of 19.39 %. The Company has registered operating profit (EBIDTA) of INR 2363.130 Million in comparison to INR 2182.366 Million in the previous year exhibiting a growth of 8.28 %. The Company has achieved standalone Net Profit of INR 1211.785 Million in comparison to INR 931.187 Million depicting a growth of 30.13 %. The Company is optimistic/bullish on growth in the years to come.
INDEX OF CHARGE:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G59755058 |
100130800 |
ICICI BANK LIMITED |
17/10/2017 |
- |
- |
1322000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
2 |
G59754960 |
100130798 |
ICICI BANK LIMITED |
04/10/2017 |
- |
- |
1168000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
3 |
G54407671 |
100130262 |
CATALYST TRUSTEESHIP LIMITED |
28/09/2017 |
- |
- |
900000000.0 |
GDA House, First Floor, Plot No. 85S. No. 94 & 95, Bhusari Colony (Right), KothrudPuneMa411038IN |
|
4 |
G52751468 |
100121201 |
ICICI BANK LIMITED |
07/09/2017 |
- |
- |
685000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
5 |
G52540416 |
100120789 |
ICICI BANK LIMITED |
28/08/2017 |
- |
- |
1080000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
6 |
G52271103 |
100120216 |
ICICI BANK LIMITED |
28/08/2017 |
- |
- |
688000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
7 |
G52283256 |
100120477 |
ICICI BANK LIMITED |
28/08/2017 |
- |
- |
668000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
8 |
G52294873 |
100120478 |
ICICI BANK LIMITED |
28/08/2017 |
- |
- |
1080000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
9 |
G48790281 |
100110985 |
HDFC BANK LIMITED |
10/07/2017 |
- |
- |
3385000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
10 |
G49131899 |
100111969 |
HDFC BANK LIMITED |
10/07/2017 |
- |
- |
9376653.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
11 |
G47547955 |
100107294 |
TATA MOTORS FINANCE LIMITED |
31/05/2017 |
- |
- |
16644000.0 |
C/o Tata Motors Finance Limited, 10th F106 A & B, Makers Chambers III, Nariman PointMumbaiMa400021IN |
|
12 |
G45065638 |
100100761 |
ICICI BANK LIMITED |
30/05/2017 |
- |
- |
627000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
13 |
G43980838 |
100097867 |
ICICI BANK LIMITED |
09/05/2017 |
- |
- |
682000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
14 |
G43999689 |
100097935 |
ICICI BANK LIMITED |
09/05/2017 |
- |
- |
628000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
15 |
G44151660 |
100098343 |
ICICI BANK LIMITED |
09/05/2017 |
- |
- |
707000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
16 |
G44157832 |
100098355 |
ICICI BANK LIMITED |
09/05/2017 |
- |
- |
682000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
17 |
G41426693 |
100090965 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
06/04/2017 |
- |
- |
1584000.0 |
One Forbes,Dr. V. B. Gandhi Marg, FortMumbaiMH400001IN |
|
18 |
G41425216 |
100090962 |
SUNDARAM FINANCE LIMITED |
22/03/2017 |
- |
- |
2180000.0 |
21 PATULLOS ROADCHENNAITa600002IN |
|
19 |
G41425786 |
100090964 |
SUNDARAM FINANCE LIMITED |
22/03/2017 |
- |
- |
2180000.0 |
21 PATULLOS ROADCHENNAITa600002IN |
|
20 |
G39604228 |
100086620 |
AXIS BANK LIMITED |
20/03/2017 |
- |
- |
9792000.0 |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLELAW GARDEN ELLISBRIDGEAHMEDABADGu380006IN |
|
21 |
G39292370 |
100085739 |
AXIS BANK LIMITED |
14/03/2017 |
- |
- |
889312.0 |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLELAW GARDEN ELLISBRIDGEAHMEDABADGu380006IN |
|
22 |
G41332412 |
100090640 |
SUNDARAM FINANCE LIMITED |
28/02/2017 |
- |
- |
5600000.0 |
21 PATULLOS ROADCHENNAITa600002IN |
|
23 |
G38599049 |
100083955 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
28/02/2017 |
- |
- |
910250.0 |
One Forbes,Dr. V. B. Gandhi Marg, FortMumbaiMH400001IN |
|
24 |
G38598520 |
100083952 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
28/02/2017 |
- |
- |
637000.0 |
One Forbes,Dr. V. B. Gandhi Marg, FortMumbaiMH400001IN |
|
25 |
G38598959 |
100083953 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
28/02/2017 |
- |
- |
910250.0 |
One Forbes,Dr. V. B. Gandhi Marg, FortMumbaiMH400001IN |
|
26 |
G38961074 |
100084939 |
AXIS BANK LIMITED |
27/02/2017 |
- |
- |
1214999.0 |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLELAW GARDEN ELLISBRIDGEAHMEDABADGu380006IN |
|
27 |
G39934666 |
100087359 |
TATA MOTORS FINANCE LIMITED |
25/02/2017 |
- |
- |
1156000.0 |
10th Floor, 106 A & B, Maker Chambers III,Nariman Point,MumbaiMa400021IN |
|
28 |
G38758462 |
100084383 |
AXIS BANK LIMITED |
23/02/2017 |
- |
- |
1732673.0 |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLELAW GARDEN ELLISBRIDGEAHMEDABADGu380006IN |
|
29 |
G36792687 |
100079447 |
ICICI BANK LIMITED |
16/02/2017 |
- |
- |
607000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
30 |
G37309465 |
100080666 |
AXIS BANK LIMITED |
15/02/2017 |
- |
- |
10785000.0 |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLELAW GARDEN ELLISBRIDGEAHMEDABADGu380006IN |
|
31 |
G37786167 |
100081791 |
AXIS BANK LIMITED |
13/02/2017 |
- |
- |
2360000.0 |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLELAW GARDEN ELLISBRIDGEAHMEDABADGu380006IN |
|
32 |
G36394245 |
100078574 |
ICICI BANK LIMITED |
09/02/2017 |
- |
- |
1060000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
33 |
G36393254 |
100078577 |
ICICI BANK LIMITED |
09/02/2017 |
- |
- |
1060000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
34 |
G36394039 |
100078572 |
ICICI BANK LIMITED |
09/02/2017 |
- |
- |
614000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
35 |
G36792463 |
100079450 |
ICICI BANK LIMITED |
09/02/2017 |
- |
- |
614000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
36 |
G35533215 |
100076903 |
HDFC BANK LIMITED |
04/02/2017 |
- |
- |
15200000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
37 |
G36393460 |
100078571 |
HDFC BANK LIMITED |
03/02/2017 |
- |
- |
5390000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
38 |
G35300953 |
100076426 |
ICICI BANK LIMITED |
25/01/2017 |
- |
- |
717000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
39 |
G35301266 |
100076427 |
ICICI BANK LIMITED |
25/01/2017 |
- |
- |
717000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
40 |
G35281674 |
100076434 |
ICICI BANK LIMITED |
25/01/2017 |
- |
- |
619000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
41 |
G34538736 |
100074548 |
ICICI BANK LIMITED |
16/01/2017 |
- |
- |
600000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
42 |
G32590291 |
100070276 |
ICICI BANK LIMITED |
28/12/2016 |
- |
- |
725000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
43 |
G32591042 |
100070277 |
ICICI BANK LIMITED |
28/12/2016 |
- |
- |
725000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
44 |
G32147571 |
100069329 |
ICICI BANK LIMITED |
08/12/2016 |
- |
- |
586000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
45 |
G30135917 |
100066459 |
AXIS BANK LIMITED |
29/11/2016 |
- |
- |
5790000.0 |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLELAW GARDEN ELLISBRIDGEAHMEDABADGu380006IN |
|
46 |
G27897255 |
100063104 |
ICICI BANK LIMITED |
11/11/2016 |
- |
- |
590000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
47 |
G27903459 |
100063109 |
ICICI BANK LIMITED |
11/11/2016 |
- |
- |
590000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
48 |
G27906080 |
100063111 |
ICICI BANK LIMITED |
11/11/2016 |
- |
- |
725000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
49 |
G27906908 |
100063113 |
ICICI BANK LIMITED |
11/11/2016 |
- |
- |
725000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
50 |
G22763254 |
100060757 |
ICICI BANK LIMITED |
21/10/2016 |
- |
- |
622000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
FIXED ASSETS:
- Land
- Buildings
- Office Building
- Plant and Equipment
- Furniture and Fixture
- Vehicles
- Office Equipment
- Computer Equipment
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 63.91 |
|
|
1 |
INR 90.31 |
|
Euro |
1 |
INR 80.17 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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.