|
|
|
MIRA INFORM REPORT
|
Report No. : |
483800 |
|
Report Date : |
02.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
AYOKI FABRICON PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
137 and 139 Akashay Complex, Dhole Patil Road, Pune - 411001, Maharashtra |
|
Tel. No.: |
91-20-26163535, 26161514 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
29.10.1984 |
|
|
|
|
Com. Reg. No.: |
11-034410 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 44.780 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27107MH1984PTC034410 |
|
|
|
|
IEC No.: |
3102014208 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA5780F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is primarily engaged in the business of
Construction / project activities (Registered Activity) |
|
|
|
|
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 : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1984 having
moderate track record. As per Registrar of Companies the date of balance sheet (i.e.
financial filed) is shown as 31.03.2016 but the documents related to the
financial for the year 2016 and 2015 are not available from any sources. As per available financials of 2014, general financial position of the
company seems to be sound. However, the rating is constrained on account of company’s absence of
audited financial details to evaluate the current financial standing. Trade relations are reported as fair. Business is active. Payments
terms are reported to be slow but correct. The company can be considered for business dealings with some caution. Note: As per indirect source we could find, that company has achieved a
total operating income of INR 1637.300 Million and a Profit after tax (PAT)
of INR 23.100 Million during FY2016 as against a PAT of INR 32.100 Million
and total operating income of INR 1794.000 Million during FY2015. |
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 |
CARE |
|
Rating |
Long Term Rating = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
01.02.2017 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Rating = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
01.02.2017 |
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 02.01.2018
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.: 91-20-26163535 / 30005100)
LOCATIONS
|
Registered Office : |
137 and 139 Akashay Complex, Dhole Patil Road, Pune-411001,
Maharashtra, India |
|
Tel. No.: |
91-20-26163535 / 26161514 |
|
Mobile No.: |
91-9923192415 (Mr. Krishnankutti Panhan Kottakalam) |
|
Fax No.: |
91-20-26166510 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Ganesh Kumar Sukumaran Nair |
|
Designation : |
Director |
|
Address : |
A/12, Jagram Complex, Dhanori Road, Vishrantwadi, Pune-411015,
Maharashtra, India |
|
Date of Birth/Age : |
30.05.1959 |
|
Date of Appointment : |
16.08.1986 |
|
DIN No.: |
00104991 |
|
|
|
|
Name : |
Mr. Krishnankutti Panhan Kottakalam |
|
Designation : |
Director |
|
Address : |
A/12, Jagram Complex, Dhanori Road, Vishrantwadi, Pune-411015,
Maharashtra, India |
|
Date of Birth/Age : |
02.06.1955 |
|
Date of Appointment : |
30.12.1987 |
|
DIN No.: |
00105053 |
|
|
|
|
Name : |
Mr. Sanooj Kottakalathil |
|
Designation : |
Director |
|
Address : |
C-1, 202, Mahalaxmi Vihar, Vishrantwadi, Pune - 411015, Maharashtra, India |
|
Date of Birth / Age : |
16.09.1981 |
|
Date of Appointment : |
17.08.2015 |
|
PAN No.: |
ARMPK9158J |
|
Passport No.: |
Z2314337 |
|
DIN No.: |
02481112 |
KEY EXECUTIVES
|
Name : |
SNA and Associates |
|
Designation : |
Company Secretaries |
|
Address : |
#79, Prestige Point, 2nd, Floor, 282 Shukrawar Peth, Pune –
411002, Maharashtra, India |
|
Tel No.: |
91-20-24487800, 24487900 |
|
Mobile: |
91-9823162850 |
|
Email: |
|
|
|
|
|
Name : |
Ms. Sharanya |
|
Designation : |
Office Executive |
MAJOR SHAREHOLDERS
As on 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Ganesh Kumar Sukumaran Nair |
|
40311 |
|
Krishnankutti Panhan Kottakalam |
|
39720 |
|
M.S. Jayshree |
|
33981 |
|
K. Sujatha |
|
48792 |
|
Sanooj K Kutty |
|
19104 |
|
Sajeesh K |
|
42519 |
|
Sabarinath Velayudhan Nair |
|
89319 |
|
K Sanal |
|
26304 |
|
Chaitanya Ganesh Kumar Nair |
|
68973 |
|
Namita Sanooj K |
|
38778 |
|
|
|
|
|
TOTAL
|
|
447801 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2015
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
17.87 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
82.13 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is primarily engaged in the business of
Construction / project activities (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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||||
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Imports : |
Not Divulged |
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||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
Customers : (From Indirect Source) |
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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 : |
RSVA and Company Chartered Accountants |
|
Address : |
30, Prestige Point, First floor, 283, Shukrawar Peth, Pune-411002, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAYFS1415P |
|
|
|
|
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: (As on 31.03.214) |
|
CAPITAL STRUCTURE
As on 30.09.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 100/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
447801 |
Equity Shares |
INR 100/- each |
INR 44.780
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
44.780 |
44.780 |
14.927 |
|
(b) Reserves & Surplus |
436.890 |
354.660 |
317.526 |
|
(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) |
481.670 |
399.440 |
332.453 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
608.049 |
692.809 |
588.329 |
|
(b) Deferred tax liabilities (Net) |
16.168 |
13.733 |
13.892 |
|
(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) |
624.217 |
706.542 |
602.221 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
308.801 |
266.152 |
154.628 |
|
(b) Trade
payables |
380.366 |
139.113 |
267.610 |
|
(c) Other
current liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term
provisions |
226.659 |
164.297 |
341.872 |
|
Total Current
Liabilities (4) |
915.826 |
569.562 |
764.110 |
|
|
|
|
|
|
TOTAL |
2021.713 |
1675.544 |
1698.784 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
517.978 |
368.690 |
404.639 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.044 |
0.044 |
16.325 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
94.245 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
518.022 |
368.734 |
515.209 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
122.268 |
107.156 |
0.000 |
|
(b)
Inventories |
42.622 |
67.553 |
101.022 |
|
(c) Trade
receivables |
558.517 |
282.927 |
337.444 |
|
(d) Cash
and cash equivalents |
379.737 |
405.464 |
266.028 |
|
(e)
Short-term loans and advances |
144.569 |
145.046 |
285.052 |
|
(f) Other
current assets |
255.978 |
298.664 |
194.029 |
|
Total
Current Assets |
1503.691 |
1306.810 |
1183.574 |
|
|
|
|
|
|
TOTAL |
2021.713 |
1675.544 |
1698.784 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
TOTAL
INCOME |
2319.811 |
2324.385 |
1998.346 |
|
|
|
|
|
|
|
|
TOTAL
EXPENSES |
2157.574 |
2170.809 |
1810.612 |
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
55.207 |
53.643 |
60.426 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) |
64.605 |
66.987 |
86.436 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
144.27 |
149.59 |
193.02 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
0.000 |
0.000 |
0.000 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
87.88 |
44.43 |
61.63 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.15 |
8.22 |
5.92 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
3.81 |
2.27 |
1.86 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.31 |
0.42 |
0.46 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets) |
0.75 |
0.75 |
0.80 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.90 |
2.40 |
2.23 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.90 |
1.43 |
2.30 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.08 |
0.92 |
1.22 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
2.78 |
2.88 |
4.33 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.20 |
4.00 |
5.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
13.41 |
16.77 |
26.00 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.64 |
2.29 |
1.55 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
1.60 |
2.18 |
1.42 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.24 |
0.24 |
0.20 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
20.47 |
21.41 |
49.77 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.64 |
2.29 |
1.55 |
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 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
14.927 |
44.780 |
44.780 |
|
Reserves & Surplus |
317.526 |
354.660 |
436.890 |
|
Net worth |
332.453 |
399.440 |
481.670 |
|
|
|
|
|
|
long-term borrowings |
588.329 |
692.809 |
608.049 |
|
Short term borrowings |
154.628 |
266.152 |
308.801 |
|
Total borrowings |
742.957 |
958.961 |
916.850 |
|
Debt/Equity ratio |
2.235 |
2.401 |
1.903 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
1998.346 |
2324.385 |
2319.811 |
|
|
|
16.315 |
(0.197) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
1998.346 |
2324.385 |
2319.811 |
|
Profit |
86.436 |
66.987 |
64.605 |
|
|
4.33% |
2.88% |
2.78% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
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 |
Litigations that the firm/promoter
involved in |
-- |
|
32 |
Market information |
-- |
|
33 |
Payments terms |
No |
|
34 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G46604047 |
100105785 |
HDFC BANK LIMITED |
08/03/2017 |
- |
- |
1244500.0 |
HDFC Bank House,Senapati Bapat Marg, Lower Parel WestMumbaiMH400013IN |
|
2 |
G07724180 |
10552359 |
ICICI BANK LIMITED |
06/02/2015 |
09/07/2016 |
- |
470000000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGu390015IN |
|
3 |
C36494466 |
10535801 |
HDFC BANK LIMITED |
09/12/2014 |
- |
- |
33674000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
4 |
B90405283 |
10462390 |
ICICI BANK LIMITED |
29/11/2013 |
- |
- |
11820253.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
5 |
C80082480 |
10398841 |
HDFC BANK LIMITED |
05/12/2012 |
18/01/2016 |
- |
397000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
6 |
B81928046 |
10300390 |
HDFC BANK LIMITED |
19/07/2011 |
20/07/2013 |
- |
390000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
7 |
B10701068 |
10280758 |
HDFC BANK LIMITED |
08/04/2011 |
- |
- |
20250000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
8 |
B10701589 |
10280759 |
HDFC BANK LIMITED |
29/03/2011 |
- |
- |
89955000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
9 |
B08527228 |
10275234 |
HDFC BANK LIMITED |
14/03/2011 |
- |
- |
39093000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
10 |
B71934228 |
10258989 |
HDFC BANK LIMITED |
24/12/2010 |
26/03/2013 |
- |
140000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
FIXED ASSETS
- Land
- Building
- Plant and equipment
- Furniture and fixtures
- Computer
- Vehicle
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 63.93 |
|
|
1 |
INR 86.07 |
|
Euro |
1 |
INR 76.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
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.