|
|
|
MIRA INFORM REPORT
|
Report No. : |
493668 |
|
Report Date : |
23.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
KATARIA INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
34-38 and 44, Industrial Area, Ratlam – 457001, Madhya Pradesh
|
|
Tel. No.: |
91-7412-261011/261234 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
11.05.2004 |
|
|
|
|
Com. Reg. No.: |
10- 029530 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 26.411 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27300MP2004PTC029530 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCK4830H |
|
|
|
|
GSTIN : [Goods & Service Tax
Registration No.] |
23AACCK4830H1ZU |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of Manufacturing and Sale of Steel
Wire, Cables and Conductors besides Trading in Wire Rod and Zinc. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Not Available |
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 |
|
Maximum Credit Limit : |
USD 2500000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
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|
Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 2004. It is a manufacturer of
Aluminium Conductors. For the financial year 2017, the revenue of the company has decreased
by 35.26% but has managed to maintain average profit margin of 1.10%. The rating takes into consideration the satisfactory financial profile
of the company marked by comfortable networth base along with negligible debt
level. However, rating strength are partially offset by unfavourable gap
between trade payables and trade receivables. Business is active. Payments seems to be slow but correct. In view of aforesaid, the company ca 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 |
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.
LOCATIONS
|
Registered Office : |
34-38 and 44, Industrial Area, Ratlam – 457001, Madhya
Pradesh, India |
|
Tel. No.: |
91-7412-261011/261234 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Madan Lal Kataria |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
10-12, Ghass Bazar, Ratlam – 457001, Madhya Pradesh, India
|
||||||||
|
Date of Birth/Age : |
29.03.1951 |
||||||||
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Qualification: |
Graduate |
||||||||
|
Date of Appointment : |
01.04.2012 |
||||||||
|
DIN No.: |
00088902 |
||||||||
|
PAN No.: |
ACFPK5779D |
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|
|
|
||||||||
|
Name : |
Mr. Arun Kataria |
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|
Designation : |
Director |
||||||||
|
Address : |
10-12, Ghass Bazar, Ratlam – 457001, Madhya Pradesh, India
|
||||||||
|
Date of Birth/Age : |
16.12.1981 |
||||||||
|
Qualification: |
Graduate |
||||||||
|
Date of Appointment : |
01.04.2012 |
||||||||
|
DIN No.: |
00088999 |
||||||||
|
PAN No.: |
AHCPK6955D |
||||||||
|
Other Directorship:
|
|||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
|
Madanlal Kataria |
|
124244 |
|
Madanlal Pannalalji HUF |
|
160776 |
|
Anoop Kataria |
|
202197 |
|
Sushila Devi Kataria |
|
153641 |
|
Ashok Kataria |
|
127739 |
|
Arun Kataria |
|
76900 |
|
Ashok Kumar Pannalalji HUF |
|
157876 |
|
Chanda Devi Katarai |
|
153641 |
|
Rakhi Kataria |
|
168702 |
|
Anokhilal Pannalalji HUF |
|
138388 |
|
Sunil Kataria |
|
109585 |
|
Nagina Devi Kataria |
|
199609 |
|
Mansarowar Developers Private Limited |
|
420500 |
|
Manoharlal Pannalalji HUF |
|
80388 |
|
Kantilal Pannalalji HUF |
|
204624 |
|
Anokhilal Kataria |
|
112000 |
|
Charushila Kataria |
|
50329 |
|
|
|
|
|
Total |
|
2641139 |
Equity Share Break up (Percentage of Total Equity)
As on 2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
7.06 |
|
Public – (Individual/ Hindu
Undivided Family – Indian) |
77.02 |
|
Public - Bodies corporate |
15.92 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Manufacturing and Sale of Steel
Wire, Cables and Conductors besides Trading in Wire Rod and Zinc. [Registered Activity] |
||||||||||
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Products : |
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||||||||||
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Brand Names : |
Not Available |
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|
||||||||||
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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|
||||||||||
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Imports : |
Not Available |
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|
|
||||||||||
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Terms : |
Not Available |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
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No. of Employees : |
Not Available |
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|
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Bankers : |
|
||||||||||||||||||||||
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||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
P. D. Nagar and Company Chartered Accountants |
|
Address : |
403, City Plaza, 564, M.G. Road, Indore, Mahdya Pradesh, India |
|
Tel No.: |
91-254-7536 / 37 /38 |
|
Email.: |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AASPN6728J |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5500000 |
Equity Shares |
INR 10/- each |
INR 55.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2641139 |
Equity Shares |
INR 10/- each |
INR 26.411 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees 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 |
26.411 |
26.411 |
22.348 |
|
(b) Reserves and Surplus |
66.070 |
56.528 |
30.600 |
|
(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) |
92.481 |
82.939 |
52.948 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
6.947 |
4.263 |
2.048 |
|
(c) Other long-term
liabilities |
32.160 |
30.623 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
1.195 |
|
Total Non-current
Liabilities (3) |
39.107 |
34.886 |
3.243 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
145.777 |
249.717 |
315.698 |
|
(b) Trade
payables |
2.265 |
68.708 |
82.738 |
|
(c) Other
current liabilities |
12.635 |
22.265 |
35.981 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
160.677 |
340.690 |
434.417 |
|
|
|
|
|
|
TOTAL |
292.265 |
458.515 |
490.608 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
63.138 |
62.509 |
73.714 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
3.477 |
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) |
0.000 |
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 |
66.615 |
62.509 |
73.714 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
61.768 |
82.154 |
38.597 |
|
(c) Trade
receivables |
78.275 |
200.343 |
256.527 |
|
(d) Cash and
bank balances |
23.226 |
33.453 |
22.544 |
|
(e)
Short-term loans and advances |
56.505 |
74.824 |
95.624 |
|
(f) Other
current assets |
5.876 |
5.232 |
3.602 |
|
Total
Current Assets |
225.650 |
396.006 |
416.894 |
|
|
|
|
|
|
TOTAL |
292.265 |
458.515 |
490.608 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
863.810 |
1334.176 |
872.632 |
|
|
Other Income |
4.838 |
8.001 |
13.848 |
|
|
TOTAL |
868.648 |
1342.177 |
886.480 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
703.720 |
1218.105 |
651.712 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
64.891 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
39.818 |
(49.488) |
36.377 |
|
|
Employee benefit expense |
21.440 |
19.721 |
19.539 |
|
|
Other expenses |
53.261 |
65.559 |
49.426 |
|
|
TOTAL |
818.239 |
1253.897 |
821.945 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
50.409 |
88.280 |
64.535 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
26.284 |
35.071 |
52.149 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
24.125 |
53.209 |
12.386 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
8.736 |
8.360 |
9.552 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
15.389 |
44.849 |
2.834 |
|
|
|
|
|
|
|
Less |
TAX |
5.847 |
6.001 |
2.793 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
9.542 |
38.848 |
0.041 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
0.000 |
45.066 |
73.655 |
|
|
TOTAL IMPORTS |
0.000 |
45.066 |
73.655 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
3.613 |
14.709 |
0.018 |
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 |
39.085 |
61.537 |
121.848 |
|
Net cash flows from (used in) operating activities |
35.816 |
40.168 |
121.045 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
33.07 |
54.81 |
107.30 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
11.04 |
6.66 |
3.40 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
1.17 |
20.59 |
42.14 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.82 |
1.07 |
1.67 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.76 |
1.41 |
0.88 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.55 |
0.74 |
0.89 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
1.58 |
3.01 |
5.96 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
1.74 |
4.11 |
8.20 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.72 |
0.75 |
1.39 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
1.92 |
2.52 |
1.24 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
1.10 |
2.91 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
3.26 |
8.47 |
0.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
10.32 |
46.84 |
0.08 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.40 |
1.16 |
0.96 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
1.02 |
0.92 |
0.87 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.32 |
0.18 |
0.11 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
5.52 |
9.46 |
14.13 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
1.40 |
1.16 |
0.96 |
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 |
22.348 |
26.411 |
26.411 |
|
Reserves & Surplus |
30.600 |
56.528 |
66.070 |
|
Net
worth |
52.948 |
82.939 |
92.481 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
315.698 |
249.717 |
145.777 |
|
Total
borrowings |
315.698 |
249.717 |
145.777 |
|
Debt/Equity
ratio |
5.962 |
3.011 |
1.576 |
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 |
872.632 |
1334.176 |
863.810 |
|
|
|
52.891 |
(35.255) |
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 |
872.632 |
1334.176 |
863.810 |
|
Profit/ (Loss) |
0.041 |
38.848 |
9.542 |
|
|
0.00
% |
2.91
% |
1.10
% |
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
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 |
Litigations that the firm/promoter
involved in |
-- |
|
32 |
Market information |
-- |
|
33 |
Payments terms |
No |
|
34 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been
shifted from 72 Gandhi Nagar, Drainage Channel Road, Opposite Municipal
Industrial Estate, Worli, Mumbai – 400018, Maharashtra, India to the present address w.e.f. 23.10.2012
OPERATIONS
The Company has reported total income of 868.648 for the current year as compared to 1342.177 in the previous year. The Net Profit for the year amounted to 9.542 in the current year as compared to 38.848 in the previous year.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand from others |
38.859 |
45.496 |
|
Intercorporate deposits |
17.549 |
163.151 |
|
|
|
|
|
Total |
56.408 |
208.647 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G48505093 |
100110051 |
ICICI BANK LIMITED |
24/04/2017 |
- |
- |
540000000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraMP457001IN |
|
2 |
G49171218 |
100112192 |
HDFC BANK LIMITED |
20/04/2017 |
- |
- |
360000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
3 |
G44861243 |
10589636 |
HDFC BANK LIMITED |
30/07/2015 |
01/10/2015 |
11/05/2017 |
240000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
4 |
G43394048 |
10627670 |
ANDHRA BANK LIMITED |
19/03/2016 |
- |
12/04/2017 |
512500000.0 |
Dr. Pattabhi Bhavan,5-9-11, Saifabad,HyderabadTG500004IN |
|
5 |
G01665165 |
10057082 |
STATE BANK OF INDIA |
04/06/2007 |
16/04/2013 |
13/04/2016 |
686000000.0 |
SME BRANCHMITRA NIWAS ROADRATLAMMP457001IN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Guarantees |
212.942 |
229.549 |
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
|
Analysis Done by
: |
VAR |
|
|
|
|
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 |
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.