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|
MIRA INFORM REPORT
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Report No. : |
484166 |
|
Report Date : |
04.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
KAMATH TRANSFORMERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
# A155, 3rd Cross, 1st Stage, Peenya Industrial Estate, Bangalore – 560058, Karnataka |
|
Tel. No.: |
91-80-28393005/ 28372028/ 28392896/ 28391163 |
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|
Country : |
India |
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|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
23.05.1996 |
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|
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Com. Reg. No.: |
08-020512 |
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Capital
Investment / Paid-up Capital : |
INR 5.000 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U31102KA1996PTC020512 |
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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.] |
AABCK2761J |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Power and Distribution Transformers
(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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 330000 |
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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 was incorporated in the year 1996. It is a manufacturer of power and distribution transformers. For the financial year 2017, the company has achieved growth in its revenue as compared to the previous year along with a decent profit margin of 6.17%. The sound financial risk profile of the company is marked by adequate networth base along with negligible debt balance sheet profile. Rating takes into account the subject’s long established track record of business operations along with extensive experience of its promoters. Payments are reported to be usually correct. In view of aforesaid, the subject 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 04.01.2018
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 BY
|
Name : |
Mr. Suman |
|
Designation : |
Office Executive |
|
Contact No.: |
91-80-27734137 |
|
Date : |
03.01.2018 |
LOCATIONS
|
Registered Office : |
# A155, 3rd Cross, 1st Stage, Peenya Industrial Estate, Bangalore – 560058, Karnataka, India |
|
Tel. No.: |
91-80-28393005/ 28372028/ 28392896/ 28391163 |
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Fax No.: |
91-80-28372027 |
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E-Mail : |
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Website : |
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Head Office/Work : |
Plot No. 4D, E and F, KIADB Industrial Area, Survey No. 98, Yedehalli, Sompura Hobli, Dabaspet, Nelamangala Taluk, Bangalore-562111, Karnataka, India |
|
Tel. No.: |
91-80-27734135/27734137 |
|
Fax No.: |
91-80-27734134 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Katapadi Vishwanath Kamath |
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|
Designation : |
Director |
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|
Address : |
No 1074, Shantilakshmi 7th Block, 8th Cross, Vidyaranyapuram Bangalore 560097, Karnataka, India |
||||||||
|
Date of Birth: |
04.03.1961 |
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Date of Appointment : |
08.11.2010 |
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DIN No.: |
00696092 |
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Other Directorship:
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||||||||
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Name : |
Ms. Maya Vishwanath Kamath |
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Designation : |
Whole Time Director |
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Address : |
No 1074, Shantilakshmi, 7th Block, 8th Cross, Vidyaranyapuram, Bangalore- 560097, Karnataka, India |
||||||||
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Date of Birth: |
22.05.1968 |
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Date of Appointment : |
23.05.1996 |
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DIN No.: |
00696181 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Suman |
|
Designation : |
Office Executive |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Kamath Viswanath Katapadi |
281640 |
56.33 |
|
Kamath Viswanath Maya |
218360 |
43.67 |
|
Total |
500000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Power and Distribution
Transformers (Registered Activity) |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
S N Kollur and Company Chartered Accountants |
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Address : |
No 24 4th Main, Malleswaram, Bangalore-560003, Karnataka, India |
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Income-tax
PAN of auditor or auditor's firm : |
ACHPK6488R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Entities under the control of key management personnel : |
|
CAPITAL STRUCTURE
As on 28.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 10/- each |
INR 5.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 10/- each |
INR 5.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are INR
Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2015 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
5.000 |
5.000 |
5.000 |
|
(b) Reserves & Surplus |
110.013 |
93.933 |
86.358 |
|
(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) |
115.013 |
98.933 |
91.358 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
37.252 |
41.397 |
39.459 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
2.010 |
|
(c) Other long term
liabilities |
1.350 |
1.350 |
0.000 |
|
(d) long-term
provisions |
2.126 |
1.688 |
1.404 |
|
Total Non-current
Liabilities (3) |
40.728 |
44.435 |
42.873 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
7.500 |
|
(b) Trade
payables |
48.491 |
74.110 |
90.074 |
|
(c) Other current
liabilities |
32.119 |
14.788 |
14.104 |
|
(d) Short-term
provisions |
0.138 |
0.119 |
0.438 |
|
Total Current
Liabilities (4) |
80.748 |
89.017 |
112.116 |
|
|
|
|
|
|
TOTAL |
236.489 |
232.385 |
246.347 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
92.749 |
108.259 |
118.707 |
|
(ii)
Intangible Assets |
0.227 |
0.440 |
0.556 |
|
(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) |
0.117 |
0.609 |
0.000 |
|
(d) Long-term Loan and Advances |
9.977 |
4.851 |
4.252 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
103.070 |
114.159 |
123.515 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
29.882 |
32.413 |
43.568 |
|
(c) Trade
receivables |
64.607 |
62.316 |
24.169 |
|
(d) Cash
and cash equivalents |
38.169 |
22.099 |
53.329 |
|
(e)
Short-term loans and advances |
0.761 |
1.398 |
1.766 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
133.419 |
118.226 |
122.832 |
|
|
|
|
|
|
TOTAL |
236.489 |
232.385 |
246.347 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2015 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
332.469 |
286.742 |
177.349 |
|
|
Other Income |
10.002 |
16.713 |
4.413 |
|
|
TOTAL |
342.471 |
303.455 |
181.762 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
252.755 |
220.334 |
157.542 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(7.087) |
9.144 |
(15.258) |
|
|
Employees benefits
expense |
31.056 |
27.007 |
26.948 |
|
|
Other expenses |
19.506 |
16.637 |
12.354 |
|
|
TOTAL |
296.230 |
273.122 |
181.586 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
46.241 |
30.333 |
0.176 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
4.788 |
11.420 |
9.513 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
41.453 |
18.913 |
(9.337) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
14.806 |
12.792 |
14.674 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
26.647 |
6.121 |
(24.011) |
|
|
|
|
|
|
|
Less |
TAX |
6.132 |
(1.453) |
(0.225) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
20.515 |
7.574 |
(23.786) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
41.03 |
15.15 |
(47.57) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2015 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
32.955 |
(20.781) |
13.012 |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operating activity |
27.315 |
(21.947) |
12.978 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2015 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
70.93 |
79.32 |
49.74 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
5.15 |
4.60 |
7.34 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
70.03 |
122.77 |
208.69 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.55 |
0.94 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.50 |
0.28 |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2015 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.50 |
0.56 |
0.62 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.32 |
0.42 |
0.51 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
0.70 |
0.90 |
1.23 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.81 |
1.10 |
1.31 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
9.66 |
2.66 |
0.02 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2015 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
6.17 |
2.64 |
-13.41 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
8.67 |
3.26 |
-9.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
17.84 |
7.66 |
-26.04 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2015 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.65 |
1.33 |
1.10 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.28 |
0.96 |
0.71 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.49 |
0.43 |
0.37 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
7.45 |
8.28 |
9.39 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.65 |
1.33 |
1.10 |
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 |
5.000 |
5.000 |
5.000 |
|
Reserves & Surplus |
86.358 |
93.933 |
110.013 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
91.358 |
98.933 |
115.013 |
|
|
|
|
|
|
long-term borrowings |
39.459 |
41.397 |
37.252 |
|
Short term borrowings |
7.500 |
0.000 |
0.000 |
|
Total
borrowings |
46.959 |
41.397 |
37.252 |
|
Debt/Equity
ratio |
0.514 |
0.418 |
0.324 |
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 |
177.349 |
286.742 |
332.469 |
|
|
|
61.682 |
15.947 |
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 |
177.349 |
286.742 |
332.469 |
|
Profit/(Loss) |
(23.786) |
7.574 |
20.515 |
|
|
(13.41)% |
2.64% |
6.17% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of establishment |
Yes |
|
2] |
Constitution of the entity Incorporation
details |
Yes |
|
3] |
Locality of the entity |
Yes |
|
4] |
Premises details |
No |
|
5] |
Buyer visit details |
-- |
|
6] |
Contact numbers |
Yes |
|
7] |
Name of the person contacted |
Yes |
|
8] |
Designation of contact person |
Yes |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
No |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
No |
|
16] |
No. of employees |
No |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
Yes |
|
22] |
Conduct of the banking account |
-- |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
Yes |
|
26] |
Turnover of firm for last three years |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
External Agency Rating, if available |
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 |
NOTE: Registered office of the company has been
shifted from “No B-124, 3rd Cross, I Stage, Peenya Industrial Estate,
Bangalore-560058, Karnataka, India” to the
present address w.e.f. 13.05.2013
OPERATIONAL
HIGHLIGHTS AND STATE OF AFFAIRS
The company is engaged in manufacturer of transformers.
Total revenue during the year increased by 12.86% from INR 303.455
million in the previous year to INR 342.471 million resulting in a net profit
of INR 20.515 million as compared to a profit of INR 7.574 million in the previous
year.
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G32353377 |
90195342 |
State Bank of India |
16/10/1996 |
09/12/2016 |
- |
115000000.0 |
SME BRANCH, PEENYA 1ST STAGE, B-96,2ND CROSS, PEENYA INDUSTRIAL AREA, BANGALORE-560058, KARNATAKA, INDIA |
|
2 |
A89121255 |
90198544 |
STATE BANK OF INDIA |
20/01/2005 |
- |
16/06/2010 |
3750000.0 |
PEENYA INDL ESTATE BRANCH BANGALORE-560058, KARNATAKA, INDIA |
|
3 |
A89105886 |
90195358 |
STATE BANK OF INDIA |
22/01/1997 |
- |
16/06/2010 |
600000.0 |
MALLESUARAM BRANCH BANGALORE-560003, KARNATAKA, INDIA |
|
4 |
A89121784 |
90197150 |
STATE BANK OF INDIA |
22/01/1997 |
- |
16/06/2010 |
600000.0 |
MALLESWARAM BANGALORE-560003, KARNATAKA, INDIA |
|
5 |
A89106280 |
90195835 |
STATE BANK OF INDIA |
20/01/2005 |
- |
16/06/2010 |
3750000.0 |
PEENYA INDUSTRIAL ESTATE BRANCHPEENYA INDUSTRIAL ESTATE BANGALORE, KARNATAKA, INDIA |
|
6 |
A89109201 |
90195340 |
STATE BANK OF INDIA |
15/10/1996 |
22/07/1997 |
16/06/2010 |
4700000.0 |
MALLESUARAM BRANCH BANGALORE-560003, KARNATAKA, INDIA |
|
7 |
A89107999 |
90197092 |
STATE BANK OF INDIA |
16/10/1996 |
20/01/2005 |
16/06/2010 |
4700000.0 |
PEENYA INDL ESTATE BRANCH BANGALORE-560058, KARNATAKA, INDIA |
CONTINGENT
LIABILITY
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Letters of credit outstanding |
0.000 |
15.593 |
|
Bank guarantees |
31.228 |
20.383 |
|
Total
|
31.228 |
35.976 |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Software
- Motor Vehicle
- Electric
Fitting
- Computer
- Plant and
Machinery
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 63.48 |
|
|
1 |
INR 86.40 |
|
Euro |
1 |
INR 76.54 |
INFORMATION DETAILS
|
Information
Gathered by : |
PUJ |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
RKI |
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.