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MIRA INFORM REPORT
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Report No. : |
484854 |
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Report Date : |
10.01.2018 |
IDENTIFICATION DETAILS
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Name : |
GLOBE ECOLOGISTICS PRIVATE LIMITED (w.e.f.28.02.2012) |
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Formerly Known
As : |
GLOBE
ECOLOGISTICS LIMITED (w.e.f.14.05.2007) GLOBE
TRANSPORT COMPANY LIMITED (w.e.f.10.05.2007) GLOBE
TRANSPORT COMPANY PRIVATE LIMITED |
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Registered
Office : |
61/62, New York Tower - A, 6th Floor, Thaltej Circle, S. G. Highway, Ahmedabad – 380054, Gujarat |
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Tel. No.: |
91-79-26855294 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
01.01.1980 |
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Com. Reg. No.: |
04-003608 |
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Capital Investment
/ Paid-up Capital : |
INR 47.823 Million |
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CIN No.: [Company Identification
No.] |
U63090GJ1980PTC003608 |
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IEC No.: |
0896007201 |
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TIN No.: |
24073607942 |
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GST No.: |
24AAACG3938J1ZM |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACG3938J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of Providing Transportation Services and Power Generation through Windmill. [Registered Activity] |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January
2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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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 : |
Globe Ecologistics Private Limited was incorporated in the year 1980. It is engaged in providing Transportation services through Trucks, Buses, Light Railways and any other kind of conveyance on Land, Water and Air. For the financial year 2017, the company has reported decline in its revenue as compared to previous year but has managed to maintain average profit margin of 2.47%. The sound financial profile of the company is marked by adequate networth base along with negligible debt level. The rating takes into consideration the subject’s long track record of business operations along with extensive experience of its promoters. However, rating strengths are partially offset by unfavourable gap between trade payables and trade receivables. Business is active. Payments are reported to be usually correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
INDIA RATING |
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Rating |
Fund Based Limits = BBB+ |
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Rating Explanation |
Moderate degree of safety and moderate credit risk |
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Date |
12.06.2017 |
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Rating Agency Name |
INDIA RATING |
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Rating |
Non-Fund Based Limits = A2 |
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Rating Explanation |
String degree of safety and low credit risk |
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Date |
12.06.2017 |
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 10.01.2018
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 DECLINED
MANAGEMENT NON-COOPERATIVE [91-79-26855294]
Given number [91-9909925682] is ringing
LOCATIONS
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Registered/ Corporate Office : |
61/62, New York Tower - A, 6th Floor, Thaltej Circle, S. G. Highway, Ahmedabad – 380054, Gujarat, India |
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Tel. No.: |
91-79-49001111/ 26855294 |
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Fax No.: |
91-79-26853546 |
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E-Mail : |
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Website : |
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Marketing and Operation/
Head Office/ Branch Office 2 : |
Globe House", 16/17, Transport Nagar, Narol Circle, Ahmedabad - 382405, Gujarat, India |
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Tel. No.: |
91-79-25715641 to 44 |
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Fax No.: |
91-79-26853546 |
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E-Mail : |
DIRECTORS
AS ON: 31.03.2017
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Name : |
Mr. Ramratan Ramswaroop Agrawal |
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Designation : |
Managing Director |
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Address : |
Plot No. 364, Lane No.18, Satyagrah Chhawani, Co-Operative Society, Opposite ISRO, Ahmedabad - 380054, Gujarat, India |
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Date of Birth/Age : |
05.12.1963 |
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Qualification : |
Graduate |
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Date of Appointment : |
01.01.1980 |
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PAN No.: |
AAUPA3128M |
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DIN No.: |
00901002 |
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Name : |
Mr. Hemant Ramswaroop Agrawal |
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Designation : |
Whole-time Director |
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Address : |
18/364, Gokul Dham, Satyagrah Chhawani, Memnagar-II, Satellite, Ahmedabad-380054, Gujarat, India |
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Date of Birth/Age : |
05.12.1966 |
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Qualification : |
Graduate |
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Date of Appointment : |
01.12.1995 |
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PAN No.: |
AASPA8047K |
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DIN No.: |
00914884 |
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Name : |
Mr. Ramswaroop Surajmal Agrawal |
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Designation : |
Whole-time Director |
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Address : |
Gokul Dham, 18/364, Satyagrah Chhawani, Satellite Road, Ahmedabad - 380054, Gujarat, India |
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Date of Birth/Age : |
15.02.1936 |
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Qualification : |
Graduate |
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Date of Appointment : |
01.01.1980 |
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PAN No.: |
AASPA8097K |
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DIN No.: |
00914960 |
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Name : |
Mr. Basant Ramswaroop Agrawal |
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Designation : |
Whole-time Director / Joint Managing Director |
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Address : |
18/364,'Gokuldham' Satyagrah Chhawani Co.Op. Hous.Soc. Limited, Satellite Road, Ahmedabad-380054, Gujarat, India |
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Date of Birth/Age : |
21.04.1965 |
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Qualification : |
Graduate |
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Date of Appointment : |
01.01.1980 |
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PAN No.: |
AASPA8045M |
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DIN No.: |
00915205 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON: 30.09.2017
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Equity Share Breakup |
Percentage of Holding |
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Category |
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Promoters – Individual/ Hindu Undivided Family – Indian |
79.43 |
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Promoters – Body Corporate |
20.56 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in the business of Providing Transportation Services and Power Generation through Windmill. [Registered Activity] |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: [NOT AVAILABLE]
GENERAL INFORMATION
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Suppliers : |
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Customers : |
·
Reliance Industries Limited ·
L&T ·
Welspun ·
ONGS ·
Bhushan ·
Amul ·
BHEL ·
HNG, etc. |
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No. of Employees : |
Not Divulged |
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Bankers : |
27bkc, C 27, G Block, Bandra Kurla Complex, Bandra (East), Mumbai-400051, Maharashtra, India
Corporate Banking Branch, 2nd Floor, 3rd Eye One Near. Panchvati Cross Road, C.G. Road, Ahmedabad-380009, Gujarat, India
HDFC Bank House, Senapati Bapat Marg, Lower Parel [West], Mumbai-400013, Maharashtra, India |
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Facilities : |
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Auditors : |
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Name : |
Vijay Moondra and Company Chartered Accountants |
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Address : |
201-202,Sarap, Opposite Navjivan Press, Near C U Shah College,
Income Tax Cross Roads, Ashram Road, Ahmedabad-380014, Gujarat, India |
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PAN No.: |
AABFV1724H |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprise over
which KMP exercise significant influence: |
ART Logistics |
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Relative of KMP
exercising significant influence over the Companies: |
· Yamini Marketing Private Limited · Vitesse Enterprise LLP · Westwell Exports Private Limited · Globe Exploration Private Limited |
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Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and
their relatives : |
· GTC Oilfield Services Private Limited [U52390GJ2007PTC051067] · Visual Autolink Private Limited · Baghbaan Marketing Private Limited [U51909GJ2004PTC098713] · Rocket Roadlines · Hemant Transport Co |
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Associate Companies
: |
· GTC Techno Exploration Private Limited · GTC Petrotech Private Limited · Winsto Corporation Private Limited [U40100GJ2013PTC073822] |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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|
|
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|
4782300 |
Equity Shares |
INR 10/- each |
INR 47.823
Million |
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FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET [STANDALONE]
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
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|
(1)Shareholders' Funds |
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(a) Share Capital |
47.823 |
47.823 |
47.823 |
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(b) Reserves and Surplus |
1206.381 |
1097.274 |
981.241 |
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(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
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(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total Shareholders’
Funds (1) + (2) |
1254.204 |
1145.097 |
1029.064 |
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(3)
Non-Current Liabilities |
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|
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(a) long-term borrowings |
603.701 |
541.860 |
217.166 |
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(b) Deferred tax liabilities (Net) |
65.814 |
81.865 |
83.180 |
|
(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) |
669.515 |
623.725 |
300.346 |
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(4)
Current Liabilities |
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(a) Short-term
borrowings |
442.747 |
545.902 |
531.668 |
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(b) Trade
payables |
153.906 |
170.129 |
134.558 |
|
(c) Other
current liabilities |
262.143 |
269.283 |
207.507 |
|
(d) Short-term
provisions |
87.738 |
73.329 |
45.616 |
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Total Current
Liabilities (4) |
946.534 |
1058.643 |
919.349 |
|
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TOTAL |
2870.253 |
2827.465 |
2248.759 |
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II.
ASSETS |
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|
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(1)
Non-current assets |
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(a) Fixed
Assets |
|
|
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(i)
Tangible assets |
894.320 |
925.794 |
731.482 |
|
(ii)
Intangible Assets |
0.480 |
0.081 |
0.112 |
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(iii) Tangible assets
capital work-in-progress |
68.503 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.090 |
0.085 |
0.085 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
21.757 |
23.250 |
19.526 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
985.150 |
949.210 |
751.205 |
|
|
|
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|
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(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
1332.028 |
1530.083 |
1299.369 |
|
(d) Cash and
bank balances |
70.298 |
69.074 |
70.908 |
|
(e)
Short-term loans and advances |
405.910 |
211.183 |
93.300 |
|
(f) Other
current assets |
76.867 |
67.915 |
33.977 |
|
Total
Current Assets |
1885.103 |
1878.255 |
1497.554 |
|
|
|
|
|
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TOTAL |
2870.253 |
2827.465 |
2248.759 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
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Total
Revenue from operations |
4416.002 |
4713.453 |
4324.501 |
|
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Other Income |
49.104 |
25.039 |
15.375 |
|
|
TOTAL |
4465.106 |
4738.492 |
4339.876 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employee benefit expense |
178.825 |
140.497 |
130.051 |
|
|
CSR expenditure |
0.586 |
0.000 |
0.000 |
|
|
Other expenses |
3765.536 |
4094.802 |
3779.306 |
|
|
TOTAL |
3944.947 |
4235.299 |
3909.357 |
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|
|
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|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
520.159 |
503.193 |
430.519 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
130.877 |
130.139 |
128.900 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
389.282 |
373.054 |
301.619 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
230.731 |
202.133 |
179.673 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
158.551 |
170.921 |
121.946 |
|
|
|
|
|
|
|
Less |
TAX |
49.444 |
54.888 |
44.121 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
109.107 |
116.033 |
77.825 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Components and spare
parts |
1.278 |
1.481 |
1.338 |
|
|
Capital Goods |
0.000 |
106.125 |
10.539 |
|
|
TOTAL IMPORTS |
1.278 |
107.605 |
11.877 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
22.82 |
24.26 |
16.27 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
238.835 |
245.093 |
176.880 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
655.401 |
341.450 |
345.334 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
589.906 |
285.283 |
313.196 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
110.10 |
118.49 |
109.67 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.32 |
3.08 |
3.33 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.54 |
0.54 |
0.59 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.62 |
0.65 |
0.58 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.02 |
1.16 |
0.90 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.75 |
0.92 |
0.89 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.77 |
0.81 |
0.71 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.97 |
3.87 |
3.34 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
2.47 |
2.46 |
1.80 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.80 |
4.10 |
3.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
8.70 |
10.13 |
7.56 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.99 |
1.77 |
1.63 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.99 |
1.77 |
1.63 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.44 |
0.40 |
0.46 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
26.88 |
27.87 |
19.36 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.99 |
1.77 |
1.63 |
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
|
Particulars |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
47.823 |
47.823 |
47.823 |
|
Reserves & Surplus |
981.241 |
1097.274 |
1206.381 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1029.064 |
1145.097 |
1254.204 |
|
|
|
|
|
|
Long-term borrowings |
217.166 |
541.860 |
603.701 |
|
Short term borrowings |
531.668 |
545.902 |
442.747 |
|
Current maturities of
long-term debts |
176.880 |
245.093 |
238.835 |
|
Total
borrowings |
925.714 |
1332.855 |
1285.283 |
|
Debt/Equity
ratio |
0.900 |
1.164 |
1.025 |
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 |
4324.501 |
4713.453 |
4416.002 |
|
|
|
8.994 |
(6.311) |
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 |
4324.501 |
4713.453 |
4416.002 |
|
Profit/ (Loss) |
77.825 |
116.033 |
109.107 |
|
|
1.80
% |
2.46
% |
2.47
% |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
47.823 |
47.823 |
|
(b) Reserves and Surplus |
|
1211.396 |
1100.731 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
1259.219 |
1148.554 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
603.701 |
541.860 |
|
(b) Deferred tax liabilities (Net) |
|
65.814 |
81.865 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
669.515 |
623.725 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
442.747 |
545.902 |
|
(b) Trade
payables |
|
153.906 |
170.129 |
|
(c) Other
current liabilities |
|
262.143 |
269.283 |
|
(d) Short-term
provisions |
|
87.738 |
73.329 |
|
Total Current
Liabilities (4) |
|
946.534 |
1058.643 |
|
|
|
|
|
|
TOTAL |
|
2875.268 |
2830.922 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
894.320 |
925.794 |
|
(ii)
Intangible Assets |
|
0.480 |
0.081 |
|
(iii) Tangible assets
capital work-in-progress |
|
68.503 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
5.105 |
3.542 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
21.757 |
23.250 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
990.165 |
952.667 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
0.000 |
0.000 |
|
(c) Trade
receivables |
|
1332.028 |
1530.083 |
|
(d) Cash and
bank balances |
|
70.298 |
69.074 |
|
(e)
Short-term loans and advances |
|
405.910 |
211.183 |
|
(f) Other
current assets |
|
76.867 |
67.915 |
|
Total
Current Assets |
|
1885.103 |
1878.255 |
|
|
|
|
|
|
TOTAL |
|
2875.268 |
2830.922 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
4416.002 |
4713.453 |
|
|
Other Income |
|
49.104 |
25.039 |
|
|
TOTAL |
|
4465.106 |
4738.492 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employee benefit expense |
|
178.825 |
140.497 |
|
|
Other expenses |
|
3766.122 |
4094.802 |
|
|
TOTAL |
|
3944.947 |
4235.299 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
|
520.159 |
503.193 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
130.877 |
130.139 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
389.282 |
373.054 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
230.731 |
202.133 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
158.551 |
170.921 |
|
|
|
|
|
|
|
Less |
TAX |
|
49.444 |
54.888 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
109.107 |
116.033 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
22.82 |
24.26 |
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 |
Yes |
|
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 |
Yes |
|
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 |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G62102090 |
100133801 |
KOTAK
MAHINDRA BANK LIMITED |
03/11/2017 |
- |
- |
3620000.0 |
27BKC,
C 27, G BLOCKBANDRA KURLA COMPLEX, BANDRA (E),MUMBAIMA400051IN |
|
2 |
G60844438 |
100131457 |
AXIS
BANK LIMITED |
10/10/2017 |
11/10/2017 |
- |
399000000.0 |
CORPORATE
BANKING BRANCH, 2ND FLOOR, 3RD EYE ONENR. PANCHVATI CROSS ROAD, C.G. ROADAHMEDABADGJ380009IN |
|
3 |
G55635445 |
100126497 |
SUNDARAM
FINANCE LIMITED |
31/08/2017 |
- |
- |
86575440.0 |
21
PATULLOS ROADCHENNAITA600002IN |
|
4 |
G58089897 |
100129289 |
HDFC
BANK LIMITED |
23/08/2017 |
- |
- |
5050000.0 |
HDFC
BANK HOUSE,SENAPATI BAPAT MARG, LOWER PAREL WESTMUMBAIMH400013IN |
|
5 |
G51647634 |
100118780 |
AXIS
BANK LIMITED |
16/08/2017 |
- |
- |
10000000.0 |
TRISHUL
3RD FLOOR OPP SAMARTHESHWAR TEMPLELAW GARDEN ELLISBRIDGEAHMEDABADGU380006IN |
|
6 |
G51082287 |
100117388 |
KOTAK
MAHINDRA BANK LIMITED |
10/08/2017 |
- |
- |
1814000.0 |
27BKC,
C 27, G BLOCKBANDRA KURLA COMPLEX, BANDRA (E),MUMBAIMA400051IN |
|
7 |
G50927789 |
100116947 |
KOTAK
MAHINDRA BANK LIMITED |
27/07/2017 |
- |
- |
635000.0 |
27BKC,
C 27, G BLOCKBANDRA KURLA COMPLEX, BANDRA (E),MUMBAIMA400051IN |
|
8 |
G51470334 |
100118363 |
KOTAK
MAHINDRA BANK LIMITED |
14/07/2017 |
- |
- |
40000000.0 |
27BKC,
C 27, G BLOCKBANDRA KURLA COMPLEX, BANDRA (E),MUMBAIMA400051IN |
|
9 |
G48293427 |
100109383 |
INDUSIND
BANK LTD. |
16/06/2017 |
- |
- |
12426100.0 |
2401
GEN THIMMAYYA ROADCONTONMENTPUNEMA411001IN |
|
10 |
G46201737 |
100103625 |
AXIS
BANK LIMITED |
30/05/2017 |
- |
- |
24239250.0 |
TRISHUL
3RD FLOOR OPP SAMARTHESHWAR TEMPLELAW GARDEN ELLISBRIDGEAHMEDABADGU380006IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Intercorporate borrowings |
51.800 |
42.307 |
|
Deposits from shareholders |
4.000 |
4.000 |
|
Loans and advances from directors |
81.457 |
90.940 |
|
|
|
|
|
Total |
137.257 |
137.247 |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Guarantees |
481.909 |
551.565 |
FIXED ASSETS:
· Land
· Buildings
· Office building
· Furniture and fixtures
· Vehicles
· Motor 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, 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 63.47 |
|
UK Pound |
1 |
INR 86.15 |
|
Euro |
1 |
INR 75.92 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
RUP |
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.