|
|
|
MIRA INFORM REPORT
|
Report No. : |
484113 |
|
Report Date : |
06.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
BELLS INSULATIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1/2 Lord Sinha Road, Calcutta – 700020, West Bengal |
|
Tel. No.: |
91-11-26818829 / 26810886 / 26813119 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
29.07.1975 |
|
|
|
|
Com. Reg. No.: |
21-030145 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 9.828 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21015WB1975PTC030145 |
|
|
|
|
IEC No.: |
0598069461 |
|
|
|
|
TIN / CST No.: |
07670137407 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCB1465A |
|
|
|
|
GSTIN : |
07AABCB1465A1ZB |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Cooper Foils, Aluminum Foils, Cable Wrap,
Printed / Plain Pharma Foils, Multiple Laminate Foils (ORS), Holographic
Foil, Polyester Film and also Cables like Electric Copper Wire and Polyester
Tape etc. (Registered activity and also Confirmed by management) |
|
|
|
|
No. of Employees
: |
40 (Approximately) |
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 : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1975. It is engaged as manufacturer
and exporter of cables like electric copper wire, polyester tapes, etc. Management has failed to file its financials with the Government
Registry after 2014. As per available financials of 2014, the company has achieved revenue
of 46.99 million and has incurred operational losses during the year. Rating gets constrained on account of non-availability of latest
financials available to evaluate risk associated with the subject. However, Mr. Arum Sharma (Director) has provided information and
claimed that the subject has achieved revenue of INR 90.000 million for
financial year 2015-16 and INR 100.000 million for financial year 2016-17.
These figures are not yet verified. Business is active. Payments are reported to be unknown. In view of aforesaid, the company can be considered for business
dealings with some caution. |
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 06.01.2018
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 PARTED BY
|
Name : |
Mr. Arun Kumar Sharma |
|
Designation : |
Director |
|
Contact No.: |
91-9811061189 |
|
Date : |
04.01.2018 |
LOCATIONS
|
Registered Office / Factory 1 : |
1/2 Lord Sinha Road, Calcutta – 700020, West Bengal, India |
|
Tel. No.: |
91-11-26818829 / 26810886 / 26813119 |
|
Mobile No.: |
91-9811061189 (Mr. Arun Kumar Sharma) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Head Office : |
Bells House, D-15, Okhla Industrial Area, Phase 1, New Delhi – 11020,
India |
|
Tel. No.: |
91-11-26811974 |
|
Fax No.: |
91-11-26371559 |
|
|
|
|
Factory 2 : |
“Bells House” G-984, RIICO Industrial Area, Bhiwadi, District Alwar -
301019, Rajasthan, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Arun Kumar Sharma |
|
Designation : |
Director |
|
Address : |
430, Sainik Farms, Forest Lane, Bellsansion, New Delhi - 110068, India
|
|
Date of Birth/Age : |
17.06.1958 |
|
Date of Appointment : |
19.08.1975 |
|
DIN No.: |
01476123 |
|
Other Directorship: |
|
|
|
|
|
Name : |
Mr. Siddhesh Sharma |
|
Designation : |
Director |
|
Address : |
430, Sainik Farms, Forest Lane, Bellsansion, New Delhi - 110068, India
|
|
Date of Birth/Age : |
21.10.1989 |
|
Date of Appointment : |
30.06.2009 |
|
DIN No.: |
02657992 |
|
Other Directorship: |
|
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.09.2014
|
Names of Shareholders |
No. of Shares |
%age of holding |
|
Arun Kumar Sharma |
350621 |
35.68 |
|
Ashok Kumar Sharma |
10850 |
1.10 |
|
Manoj Sharma |
2015 |
0.21 |
|
Sitaram Sharma |
10850 |
1.10 |
|
Shashi Sharma |
481025 |
48.94 |
|
Shweta Sharma |
58150 |
5.92 |
|
Siddesh Shrma |
3000 |
0.31 |
|
Shashank Sharma |
36300 |
3.69 |
|
Arun Kumar Sharma HUF |
30000 |
3.05 |
|
|
|
|
|
Total |
982811 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Cooper Foils, Aluminum Foils, Cable Wrap,
Printed / Plain Pharma Foils, Multiple Laminate Foils (ORS), Holographic
Foil, Polyester Film and also Cables like Electric Copper Wire and Polyester
Tape etc. (Registered activity and also Confirmed by management) |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
|
|
Countries : |
Asian Countries |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
Cheque, TT, RTGS |
|
|
|
|
Purchasing : |
Cheque, TT, RTGS |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers
|
|||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||
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No. of Employees : |
40 (Approximately) |
|||||||||||||||||||||||||||||||||
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Bankers : |
|
|||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Arun R.K Gupta and Company Chartered Accountants |
|
Address : |
C - 6 GF JINDAL KUTIR SAWAN PARK, ASHOK VIHAR PHASE III, DELHI –
110052, India |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1040000 |
Equity Shares |
INR 10/- each |
INR 10.400 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
982811 |
Equity Shares |
INR 10/- each |
INR 9.828
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
9.828 |
9.828 |
9.828 |
|
(b) Reserves &
Surplus |
34.461 |
34.572 |
34.479 |
|
(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) |
44.289 |
44.400 |
44.307 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.595 |
1.244 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
0.000 |
0.595 |
1.244 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
10.011 |
13.516 |
14.071 |
|
(b) Trade payables |
16.954 |
15.854 |
20.654 |
|
(c) Other current
liabilities |
2.667 |
2.354 |
1.628 |
|
(d) Short-term provisions |
0.117 |
0.224 |
0.303 |
|
Total Current Liabilities
(4) |
29.749 |
31.948 |
36.656 |
|
|
|
|
|
|
TOTAL |
74.038 |
76.943 |
82.207 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
42.083 |
43.666 |
40.327 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.128 |
0.150 |
0.076 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
42.211 |
43.816 |
40.403 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
17.557 |
17.191 |
17.979 |
|
(c) Trade receivables |
8.475 |
10.638 |
15.975 |
|
(d) Cash and cash
equivalents |
0.970 |
1.105 |
1.391 |
|
(e) Short-term loans and
advances |
4.825 |
4.193 |
6.459 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
31.827 |
33.127 |
41.804 |
|
|
|
|
|
|
TOTAL |
74.038 |
76.943 |
82.207 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
46.686 |
52.854 |
|
|
Other Income |
|
0.089 |
0.167 |
|
|
TOTAL |
46.957 |
46.775 |
53.021 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
40.647 |
43.783 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(2.211) |
(0.094) |
|
|
manufacturing and Direct
expense |
|
1.875 |
3.521 |
|
|
Employees benefits
expense |
|
1.365 |
0.773 |
|
|
Other expenses |
|
0.873 |
0.841 |
|
|
TOTAL |
46.652 |
42.549 |
48.824 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
0.305 (Including
|
4.226 |
4.197 |
|
|
|
Finance
and |
|
|
|
Less |
FINANCIAL EXPENSES |
Depreciation |
1.755 |
1.927 |
|
|
|
Expenses) |
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
2.471 |
2.270 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
1.733 |
1.633 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
0.305 |
0.738 |
0.637 |
|
|
|
|
|
|
|
Less |
TAX |
(0.350) |
0.645 |
0.226 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
0.655 |
0.093 |
0.411 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
NA |
0.09 |
0.42 |
|
Particulars |
|
31.03.2017 |
31.03.2016 |
|
Sales Turnover (Approximately) |
|
100.000 |
90.000 |
|
|
|
|
|
Expected Sales (2017-2018) : INR 100.000 Million (Approximately)
The above information has been parted by Mr. Arun Kumar Sharma
(Director)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.407 |
0.649 |
0.795 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
65.88 |
83.17 |
110.32 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
0.00 |
4.39 |
3.31 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
NA |
142.36 |
172.18 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.02 |
0.25 |
0.23 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.01 |
0.10 |
0.10 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.41 |
0.43 |
0.47 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.24 |
0.33 |
0.36 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.67 |
0.72 |
0.83 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.95 |
0.98 |
0.91 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
NA |
2.41 |
2.18 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
((PAT / Sales) * 100) |
% |
1.39 |
0.20 |
0.78 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.88 |
0.12 |
0.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
1.48 |
0.21 |
0.93 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.07 |
1.04 |
1.14 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.48 |
0.50 |
0.65 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.60 |
0.58 |
0.54 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1.06 |
1.50 |
1.64 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets
/ Total Current Liabilities) |
1.07 |
1.04 |
1.14 |
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 |
9.828 |
9.828 |
9.828 |
|
Reserves & Surplus |
34.479 |
34.572 |
34.461 |
|
Net
worth |
44.307 |
44.400 |
44.289 |
|
|
|
|
|
|
Long Term borrowings |
1.244 |
0.595 |
0.000 |
|
Short Term borrowings |
14.071 |
13.516 |
10.011 |
|
Current Maturities of Long term debt |
0.795 |
0.649 |
0.407 |
|
Total
borrowings |
16.110 |
14.760 |
10.418 |
|
Debt/Equity
ratio |
0.364 |
0.332 |
0.235 |
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 |
|
Total
Income |
53.021 |
46.775 |
46.957 |
|
|
|
(11.780) |
0.389 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Total
Income |
53.021 |
46.775 |
46.957 |
|
Profit |
0.411 |
0.093 |
0.655 |
|
|
0.78% |
0.20% |
1.39% |
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 |
Yes |
|
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) |
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 |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OPERATIONAL RESULTS
During the year, your Company has earned a profit before tax of INR 0.305 Million as compare to previous year INR 0.738 Million and carried forward to Reserve and Surplus after adjusted tax for current year.
INDEX
OF CHARGES: NO CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
- Air Condition
- Computer
- Building
- Cycle/Scooter
- Fan
- Fire Equipment
- Furniture and Fixtures
- Generator
- Land
- Vehicles- Car
- Office Equipment
- Plant and Machinery
- Telephone and Mobile
- Testing Equipment
- Typewriter/Printer
- Weighing Scale
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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 63.39 |
|
|
1 |
INR 85.74 |
|
Euro |
1 |
INR 76.25 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHAL |
|
|
|
|
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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--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.