|
|
|
MIRA INFORM REPORT
|
Report No. : |
493705 |
|
Report Date : |
23.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
BALAJI EXTRUSIONS AND CABLES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1-A/2, Vaibhav Industrial Estate, Sion-Trombay Road, Mumbai – 400088,
Maharashtra |
|
Tel. No.: |
91-22-25514340 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
12.02.1998 |
|
|
|
|
Com. Reg. No.: |
11-113537 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 35.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31300MH1998PTC113537 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCB6376Q |
|
|
|
|
GSTIN : [Goods & Service Tax
Registration No.] |
27AABCB6376Q1Z0 |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
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|
|
|
Line of Business
: |
Manufacturing of Copper, Insulated Wire and Cable and
Importer of Raw Materials. (Registered activity and also Confirmed by management) |
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|
|
|
No. of Employees
: |
160 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject was incorporated in the year 1998 having satisfactory track record. It is engaged as manufacturer of automotive cables, wires, tin plated conductors, high temperature solutions and importer of raw materials. Management has failed to file its financials for the year 2017 with Registrar of Companies. As per available financials of 2016, the revenue of the company is marginally increased to 2.82% as compared to its previous year along with thin profit margin during the year. Rating takes into consideration, the healthy financial risk profile driven be adequate net worth base and strong debt protection metrics and comfortable cash accruals. Rating continue to derive strength from its long and established track record of its business operations backed by its strong market position in the electric cables segment and recognized brand in Indian cable industry. However, these rating strengths are partially offset by highly fragmented cable industry with a large number of unorganized players, constraining the pricing power of organized sector players. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term Rating = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
21.03.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term Rating = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
21.03.2017 |
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 23.02.2018
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 PARTED BY
|
Name : |
Mr. Arvind Murlidharan |
|
Designation : |
Director |
|
Contact No.: |
91-9833558752 |
|
Date : |
21.02.2018 |
LOCATIONS
|
Registered Office : |
1-A/2, Vaibhav Industrial Estate, Sion-Trombay Road, Mumbai – 400088,
Maharashtra, India |
|
Tel. No.: |
91-22-25514340 |
|
Mobile No.: |
91-9833558752 (Mr. Arvind Murlidharan) |
|
Fax No.: |
91-22-25575307 |
|
E-Mail : |
murlidharan@balajiextrusions.com |
|
Website : |
|
|
|
|
|
Factory : |
Plot No. 51 and 52, Bharat Industrial Estate, Bhimpore, Daman –
396210, Dadra and Nagar Haveli (U.T.), India |
|
Tel. No.: |
91-260-2220506/1733/1007 |
|
|
|
|
Head Office : |
A-601, Mahaavir Icon, Plot No. 89, Sector 15, CBD Belapur, Navi Mumbai 400614, Maharashtra, India |
|
Tel. No.: |
91-22-20870152 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mrs. Vijaya Murlidharan |
|
Designation : |
Managing Director |
|
Address : |
15/63, Srilaxmi, Pestom Sagar, Road No. 1, Chembur, Mumbai – 400089,
Maharashtra, India |
|
Date of Birth/Age : |
12.04.1957 |
|
Qualification : |
B.Com (Hons) |
|
Date of Appointment : |
12.02.2007 |
|
PAN No.: |
ACJPM9293N |
|
DIN No.: |
01189327 |
|
|
|
|
Name : |
Mrs. Aparna Murlidharan |
|
Designation : |
Whole-time director |
|
Address : |
15/63, Srilaxmi, Pestom Sagar, Road No. 1, Chembur, Mumbai – 400089,
Maharashtra, India |
|
Date of Birth/Age : |
21.09.1985 |
|
Qualification : |
M.Sc (Microbiology) |
|
Date of Appointment : |
04.03.2009 |
|
PAN No.: |
ASIPM7942F |
|
DIN No.: |
02253256 |
|
|
|
|
Name : |
Mr. Dipal Mahendra Damania |
|
Designation : |
Additional director |
|
Address : |
302 Arabian Apartments, 3rd Floor, 17 Bhagoji Keer Marg, Mahim, Mumbai – 400016, Maharashtra, India |
|
Date of Birth/Age : |
02.06.1986 |
|
Qualification : |
BSc (Microbiology), NCMP |
|
Date of Appointment : |
06.07.2011 |
|
PAN No.: |
AJTPD6474D |
|
DIN No.: |
03298039 |
|
|
|
|
Name : |
Mr. Arvind Murlidharan |
|
Designation : |
Additional director |
|
Address : |
Building 14 Plot No 1201, Sector 54/56/58, Sea Wood Estate, NRI Complex, Nerul, Navi Mumbai – 400709, Maharashtra, India |
|
Date of Birth/Age : |
13.04.1989 |
|
Qualification : |
B.E.(Hons) |
|
Date of Appointment : |
06.07.2011 |
|
PAN No.: |
ASGPM8072N |
|
DIN No.: |
03587343 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Vijaya DharanMurli |
|
2150000 |
|
Aparna Dharan Murli |
|
200000 |
|
Vijaya Dharan Murli |
|
825000 |
|
Arvind Dharan Murli |
|
325000 |
|
|
|
|
|
Total |
|
3500000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Copper, Insulated Wire and Cable and
Importer of Raw Materials. (Registered activity and also Confirmed by management) |
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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 Available |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash, L/C, Credit (30 / 60 Days) |
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Purchasing : |
Cash, L/C, Credit (30 / 60 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers, Retailers, End Users
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No. of Employees : |
160 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Jignesh A. Chohan and Company Chartered Accountants |
|
Address : |
107, Ambika Commercial Complex, Navghar, Vasai East, Thane, Vasai –
401210, Maharashtra, India |
|
Tel. No.: |
91-250-2391147 |
|
Mobile No.: |
91-9823264104 |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAAA1111H |
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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 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3500000 |
Equity Shares |
INR 10/- each |
INR 35.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3500000 |
Equity Shares |
INR 10/- each |
INR 35.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
35.000 |
35.000 |
25.000 |
|
(b) Reserves and Surplus |
124.073 |
97.830 |
77.426 |
|
(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) |
159.073 |
132.830 |
102.426 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
7.162 |
18.564 |
67.777 |
|
(b) Deferred tax liabilities (Net) |
1.095 |
1.348 |
2.403 |
|
(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) |
8.257 |
19.912 |
70.180 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short-term
borrowings |
206.273 |
210.905 |
86.658 |
|
(b) Trade
payables |
14.485 |
8.628 |
9.170 |
|
(c) Other
current liabilities |
0.527 |
0.154 |
0.665 |
|
(d) Short-term
provisions |
26.039 |
22.533 |
18.821 |
|
Total Current
Liabilities (4) |
247.324 |
242.220 |
115.314 |
|
|
|
|
|
|
TOTAL |
414.654 |
394.962 |
287.920 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
107.086 |
98.037 |
103.816 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
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 |
2.822 |
4.884 |
6.048 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
109.908 |
102.921 |
109.864 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
70.805 |
64.351 |
44.600 |
|
(c) Trade
receivables |
179.901 |
191.969 |
110.593 |
|
(d) Cash and
bank balances |
11.446 |
14.201 |
0.943 |
|
(e) Short-term
loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other
current assets |
42.594 |
21.520 |
21.920 |
|
Total
Current Assets |
304.746 |
292.041 |
178.056 |
|
|
|
|
|
|
TOTAL |
414.654 |
394.962 |
287.920 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1545.339 |
1502.926 |
967.358 |
|
|
Other Income |
5.921 |
3.358 |
11.049 |
|
|
TOTAL |
1551.260 |
1506.284 |
978.407 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1372.041 |
1362.390 |
869.900 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(3.232) |
(1.100) |
(6.714) |
|
|
Employee benefit expense |
27.235 |
24.575 |
17.367 |
|
|
Other expenses |
66.616 |
47.714 |
43.665 |
|
|
Prior period items before tax |
(0.261) |
(1.102) |
(0.060) |
|
|
TOTAL |
1462.399 |
1432.477 |
924.158 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
88.861 |
73.807 |
54.249 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
33.331 |
24.654 |
16.088 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
55.530 |
49.153 |
38.161 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
16.312 |
17.695 |
14.630 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
39.218 |
31.458 |
23.531 |
|
|
|
|
|
|
|
Less |
TAX |
12.975 |
11.054 |
8.291 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
26.243 |
20.404 |
15.240 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
294.046 |
27.604 |
NA |
|
|
TOTAL IMPORTS |
294.046 |
27.604 |
NA |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
7.498 |
5.830 |
4.354 |
|
Particulars |
|
|
31.03.2017 |
|
Sales Turnover (Approximately) |
|
|
1730.000 |
|
|
|
|
|
Expected Sales (2017-2018) : INR 21670.000 (Approximately)
The above information has been parted by Mr. Arvind Murlidharan (Director)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
82.841 |
(26.958) |
(40.944) |
|
Net cash flows from (used in) operating activities |
69.974 |
(35.811) |
(40.944) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
42.49 |
46.62 |
41.73 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
8.59 |
7.83 |
8.75 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
3.85 |
2.31 |
3.85 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
1.26 |
1.15 |
1.22 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.83 |
0.75 |
0.52 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.61 |
0.66 |
0.64 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
1.34 |
1.73 |
1.51 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ NetWorth) |
|
1.55 |
1.82 |
1.13 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.67 |
0.74 |
1.01 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
2.67 |
2.99 |
3.37 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
1.70 |
1.36 |
1.58 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
6.33 |
5.17 |
5.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
16.50 |
15.36 |
14.88 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.23 |
1.21 |
1.54 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.95 |
0.94 |
1.16 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.38 |
0.34 |
0.36 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
6.10 |
6.56 |
6.18 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
1.23 |
1.21 |
1.54 |
Total Liability = Short-term
Debt + Long-term Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
25.000 |
35.000 |
35.000 |
|
Reserves & Surplus |
77.426 |
97.830 |
124.073 |
|
Net
worth |
102.426 |
132.830 |
159.073 |
|
|
|
|
|
|
Long-term borrowings |
67.777 |
18.564 |
7.162 |
|
Short term borrowings |
86.658 |
210.905 |
206.273 |
|
Total
borrowings |
154.435 |
229.469 |
213.435 |
|
Debt/Equity
ratio |
1.508 |
1.728 |
1.342 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
967.358 |
1502.926 |
1545.339 |
|
|
|
55.364 |
2.822 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
967.358 |
1502.926 |
1545.339 |
|
Profit/ (Loss) |
15.240 |
20.404 |
26.243 |
|
|
1.58
% |
1.36
% |
1.70
% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
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 |
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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OPERATIONS AND
STATE OF AFFAIRS :
During the year Revenues from operations have gone up by 2.99 %; Growth in Sales on year on year basis was due to increase in capacity utilization and introduction of new products. Company's Operation Profit Margins @ 2.53% (previous year @ 2.09 %) has increased mainly due to lower cost of funds. There was no change in the nature of business of the company.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from banks |
0.908 |
3.783 |
|
|
|
|
|
Total |
0.908 |
3.783 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G63683478 |
100098508 |
Axis Bank Limited |
28/03/2017 |
26/09/2017 |
- |
400700000.0 |
CCSU Thane, Dhiraj Bagh, Nr. Hariniwas CircleLBS Marg, Thane West,ThaneMH400602IN |
|
2 |
G17380767 |
100056263 |
DBS Bank Ltd |
19/10/2016 |
- |
- |
10750000.0 |
2nd Floor, Shree Ambica AutoGIDC Bhatpore, Opp. ONGC HaziraSuratGJ394510IN |
|
3 |
C21229281 |
90145939 |
State Bank of India |
04/05/1998 |
23/08/2014 |
- |
178000000.0 |
Diamond Garden Branch, Swastik Chambers, 1st floorSion-Trombay Road, Chembur,MumbaiMH400071IN |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- 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,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 65.05 |
|
|
1 |
INR 90.41 |
|
Euro |
1 |
INR 79.83 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
NSG |
|
|
|
|
Report Prepared
by : |
KJL |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as 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.