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|
MIRA INFORM REPORT
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Report No. : |
492193 |
|
Report Date : |
19.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
TEIJIN INDIA PRIVATE LIMITED |
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Registered
Office : |
304-A, Tower B, 3rd Floor, Global Business Park, M G Road, Gurugram - 122002, Haryana |
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Tel. No.: |
91-124-4814999 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
07.08.2007 |
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Com. Reg. No.: |
05-048135 |
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Capital
Investment / Paid-up Capital : |
INR 10.000 Million |
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CIN No.: [Company Identification
No.] |
U74900HR2007FTC048135 |
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IEC No.: |
Not Divulged |
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GSTIN: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCT7234Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged into providing marketing support services to its different strategic business units (SBU). The Company also operates in the trading of Polycarbonate resin, Aramid Staple fibre, Aramid pulp, Aramid yarn, Flame retardants and Polyester film. (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 |
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Maximum Credit Limit : |
USD 450000 |
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Status : |
Good |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “Teijin Limited, Japan” and was
incorporated in the year. For the financial year 2017, the company has reported a dip in its
revenue as compared to the previous year but has managed to maintain an
average profit margin of 2.35%. The sound financial risk profile of the company is marked by adequate
networth base along with strong debt protection metrics due to negligible
debt balance sheet profile. Rating also takes into account the strong financial and managerial
support that company receives from its holding entity backed by is well
experienced management team. Payments seems 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 (30.06.2017) |
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 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 DECLINED
Management non-cooperative (Tel No.:91-124-4814999)
LOCATIONS
|
Registered Office : |
304-A, Tower B, 3rd Floor Global Business Park, M G Road, Gurugram - 122002, Haryana, India |
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Tel. No.: |
91-124-4814999 |
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Fax No.: |
91- 124-4814950 |
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E-Mail : |
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Website : |
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Branch Office: |
Located at:
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DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Kenji Yoshihara |
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Designation : |
Managing
Director |
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Address : |
J-114, DLF Park Place, DLF City Phase-V,
Gurugram- 122001, Haryana, India |
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Date of Birth/Age : |
25.08.1975 |
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Date of Appointment : |
01.11.2016 |
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DIN No.: |
07493877 |
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Other Directorship:
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Name : |
Mr. Soichi Miyado |
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Designation : |
Director |
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Address : |
4-5-14 B401 Okamoto, Higashinada-Ku,
Kobe-Shi, Hyogo 6580072 Japan |
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Date of Birth/Age : |
15.09.1958 |
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Date of Appointment : |
28.04.2011 |
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DIN No.: |
03523934 |
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|
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Name : |
Mr. Dimitri Van Schaik |
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Designation : |
Director |
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Address : |
Apartment No. A-901, Marvel Imperial,
Narangi Baug Road, Off Boat Club, Pune – 411001, Maharashtra, India |
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Date of Birth/Age : |
10.07.1975 |
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Date of Appointment : |
01.04.2017 |
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DIN No.: |
07780120 |
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Name : |
Mr. Umesh Rakheja |
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Designation : |
Alternate Director |
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Address : |
C-18, Bhagwati Garden, Extension Uttam
Nagar, New Delhi -110059, India |
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Date of Birth/Age : |
19.10.1978 |
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Date of Appointment : |
01.04.2017 |
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DIN No.: |
07761939 |
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KEY EXECUTIVES
|
Name : |
Mr. Narendra Kumar |
|
Designation : |
Company Secretary |
|
Address : |
191-192, Saraswati Vihar, Chakkarpur,
Gurugram- 122002, Haryana, India |
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Date of Birth/Age : |
30.06.1972 |
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Date of Appointment : |
01.12.2011 |
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PAN No.: |
AKUPK9859P |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Teijin Limited, Japan |
950 |
95.00 |
|
Teijin Holdings Netherlands B.V., Netherlands |
50 |
5.00 |
|
Total |
1000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 18.0902017
|
Category |
Percentage |
|
Promoters (Body corporate) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into providing marketing support services to its different strategic business units (SBU). The Company also operates in the trading of Polycarbonate resin, Aramid Staple fibre, Aramid pulp, Aramid yarn, Flame retardants and Polyester film. (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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Auditors : |
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Name : |
B S R and Associates LLP Chartered Accountants |
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Address : |
Building No. 10, 8th Floor, Tower-Bdlf Cyber City, Phase - II, Gurugram, India |
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Income-tax
PAN of auditor or auditor's firm : |
AADFB6889R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company: |
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Fellow Subsidiaries |
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Enterprises over
which key management personnel exercises significant influence: |
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CAPITAL STRUCTURE
As on 18.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000 |
Equity Shares |
INR 10000/- each |
INR 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000 |
Equity Shares |
INR 10000/- each |
INR 10.000 Million |
|
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FINANCIAL DATA
[all figures are
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 |
10.000 |
10.000 |
10.000 |
|
(b) Reserves & Surplus |
148.950 |
119.628 |
87.199 |
|
(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) |
158.950 |
129.628 |
97.199 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.720 |
4.421 |
4.241 |
|
(d) long-term
provisions |
8.053 |
7.814 |
5.599 |
|
Total Non-current
Liabilities (3) |
8.773 |
12.235 |
9.840 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
596.016 |
481.141 |
523.268 |
|
(c) Other
current liabilities |
35.303 |
35.230 |
19.666 |
|
(d) Short-term
provisions |
6.491 |
8.591 |
3.748 |
|
Total Current
Liabilities (4) |
637.810 |
524.962 |
546.682 |
|
|
|
|
|
|
TOTAL |
805.533 |
666.825 |
653.721 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
6.833 |
7.458 |
7.717 |
|
(ii)
Intangible Assets |
1.859 |
0.042 |
0.092 |
|
(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) |
7.959 |
8.408 |
6.961 |
|
(d) Long-term Loan and Advances |
7.800 |
9.325 |
17.847 |
|
(e) Other
Non-current assets |
0.100 |
0.100 |
0.100 |
|
Total Non-Current
Assets |
24.551 |
25.333 |
32.717 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
433.810 |
246.175 |
204.930 |
|
(c) Trade
receivables |
230.262 |
261.143 |
307.348 |
|
(d) Cash
and cash equivalents |
110.376 |
123.702 |
94.394 |
|
(e)
Short-term loans and advances |
4.278 |
8.374 |
4.727 |
|
(f) Other current
assets |
2.256 |
2.098 |
9.605 |
|
Total
Current Assets |
780.982 |
641.492 |
621.004 |
|
|
|
|
|
|
TOTAL |
805.533 |
666.825 |
653.721 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
1247.640 |
1322.166 |
1120.326 |
|
|
Other Income |
8.396 |
4.331 |
2.965 |
|
|
TOTAL |
1256.036 |
1326.497 |
1123.291 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
1003.117 |
1038.104 |
872.137 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.000 |
0.000 |
4.171 |
|
|
Employee benefit expense |
112.019 |
112.513 |
104.627 |
|
|
CSR expenditure |
0.701 |
0.951 |
0.000 |
|
|
Other expenses |
89.002 |
121.253 |
80.626 |
|
|
TOTAL |
1204.839 |
1272.821 |
1061.561 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
51.197 |
53.676 |
61.730 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.828 |
1.549 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
51.197 |
52.848 |
60.181 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
4.892 |
3.692 |
5.148 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
46.305 |
49.156 |
55.033 |
|
|
|
|
|
|
|
Less |
TAX |
16.984 |
16.727 |
18.485 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
29.321 |
32.429 |
36.548 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
30.150 |
0.000 |
152.161 |
|
|
TOTAL EARNINGS |
0.000 |
0.000 |
152.161 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
29322.000 |
32429.000 |
36548.000 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
10.699 |
38.681 |
52.703 |
|
Net cash flows from (used in) operating activities |
(8.546) |
31.444 |
35.598 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
67.36 |
72.09 |
100.13 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
5.42 |
5.06 |
3.65 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
216.87 |
169.17 |
218.99 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.12 |
0.22 |
0.30 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
5.89 |
7.16 |
7.90 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.79 |
0.79 |
0.84 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
4.01 |
4.05 |
5.62 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.05 |
0.06 |
0.08 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
0.00 |
64.83 |
39.85 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
2.35 |
2.45 |
3.26 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
3.64 |
4.86 |
5.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
18.45 |
25.02 |
37.60 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.22 |
1.22 |
1.14 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.54 |
0.75 |
0.76 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.20 |
0.19 |
0.15 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.22 |
1.22 |
1.14 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
10.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
87.199 |
119.628 |
148.950 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
97.199 |
129.628 |
158.950 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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 |
1120.326 |
1322.166 |
1247.640 |
|
|
|
18.016 |
(5.637) |
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 |
1120.326 |
1322.166 |
1247.640 |
|
Profit/ (Loss) |
36.548 |
32.429 |
29.321 |
|
|
3.26
% |
2.45
% |
2.35
% |
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 |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
No |
|
21] |
Banking facility details |
No |
|
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 |
BACKGROUND
The Company was incorporated on 7 August 2007. Teijin Limited, Japan is the holding company (holding 950 equity shares and remaining 50 shares being held by Teijin Holdings Netherlands, BV [subsidiary of holding company]). The registered office of the Company is situated in Gurgaon with branch office in Pune. The Company has been set up to provide marketing support services to group companies. The Company also operates in the trading of Polycarbonate resin, Aramid Staple fibre, Aramid pulp, Aramid yarn, Flame retardants and Polyester film.
STATE OF AFFAIRS:-
The company is engaged in the business of trading as well in Marketing support services to its different strategic business units (SBU).
There has been no change in the business of the company during the financials year ended 31st March, 2017.
REVIEW OF BUSINESS
OPERATIONS AND FUTURE PROSPECTS:-
During the FY 2016-2017 the Company has made best use of the market forces and has taken advantage of the business opportunities that has come its way. The company has reported a total income of INR 1256.036 million as compared to INR 1326.497 million in FY 2015-16. The net income for the current year has decreased slightly to INR 29.321 million as compared to INR 32.429 million in the FY 2015-16 due to multiple factors.
INDEX OF CHARGES: NO
CHARGES EXISTS FOR COMPANY
FIXED ASSETS
- Leasehold improvements
- Furniture and fixtures
- Vehicles
- Office 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 64.28 |
|
|
1 |
INR 89.02 |
|
Euro |
1 |
INR 78.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.