|
|
|
MIRA INFORM REPORT
|
Report No. : |
485719 |
|
Report Date : |
13.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
SGB SCAFFOLDING AND INDUSTRIAL SERVICES
PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Units 1 & 2, Fourth Floor, Fantasy Square Plots # 1 and 2, Gachibowli, Hyderabad-500032, Telangana |
|
Tel. No.: |
91-40-66543999 |
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|
|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2017 |
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|
|
Date of
Incorporation : |
04.02.2014 |
|
|
|
|
Com. Reg. No.: |
36-092744 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 373.670 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29253TG2014FTC092744 |
|
|
|
|
IEC No.: |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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|
|
|
GSTIN : |
Not Divulged |
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|
|
|
PAN No.: [Permanent Account No.] |
AADCH3554L |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Providing scaffolding sales and service and other industrial services (Registered activity) |
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|
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|
No. of Employees
: |
Information declined 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 |
|
Maximum Credit Limit : |
USD 1900000 |
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|
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 2014. It is a subsidiary of Brand
Energy Holdings B.V., Netherlands. The company is engaged in providing painting and scaffolding service
and the material rentals services. It is also a supplier of scaffolding
materials and cuplok system. As per the financial of 2017, the company has achieved a satisfactory growth
of 17.86% in its revenue as compared to the previous year and has earned a
favourable net profit margin net profit margin of 19.50%. The company has an adequate net worth base and low debt balance sheet
profile. However, rating is constrained on account of low reserve base and
liquidity position. Business is active. Payments are reported to be slow but correct. 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 13.01.2018
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: Mobile No.: 91-9652960562 / 9870565686
Tel. No.: 91-40-66543999 (Continuously ringing)
LOCATIONS
|
Registered Office : |
Units 1 & 2, Fourth Floor, Fantasy Square Plots # 1 and 2, Gachibowli, Hyderabad-500032, Telangana, India |
|
Tel. No.: |
91-40-66543999 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Headquarter: |
Second Floor, Dwaraka Elite, Plot 197, Kavuri Hills, Gutlabegumpet Village, Madhapur, Hyderabad – 500081, Telangana, India |
|
Tel. No.: |
91- 40-66543999 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mark Adrian Paver |
|
Designation : |
Director |
|
Address : |
Villa 33, Street 8, Meadows 5 Dubai Na Ae |
|
Date of Birth/Age : |
02.05.1967 |
|
Qualification : |
Graduation |
|
Date of Appointment : |
04.02.2014 |
|
DIN No.: |
06697818 |
|
|
|
|
Name : |
Mr. Manoj Kumar Sahoo |
|
Designation : |
Director |
|
Address : |
308, Avls Aakruthi Society, 3 Floor Manikonda, Near Delhi
School of Excellence, Hyderabad – 500089, Telangana, India |
|
Date of Birth/Age : |
04.05.1980 |
|
Qualification : |
Professional |
|
Date of Appointment : |
30.12.2015 |
|
PAN No.: |
AYWPS9223K |
|
DIN No.: |
06860274 |
|
|
|
|
Name : |
Serge Bekhaazi |
|
Designation : |
Director |
|
Address : |
Manara Village Compound, Village 26 Al Sanbook Street, Al
Manara, Umm Suqeim 1 Dubai 37656 AE |
|
Date of Birth/Age : |
28.11.1977 |
|
Qualification : |
Graduation |
|
Date of Appointment : |
30.12.2015 |
|
DIN No.: |
07169715 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
%age |
|
Brand Energy Holdings B.V, Netherlands |
373632633 |
99.99 |
|
Bullseye Netherlands Holdings B.V, Netherlands |
37367 |
0.01 |
|
Total |
373670000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2017
|
Category |
Percentage |
|
Promoter - Bodies
corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing scaffolding sales and service and other industrial services (Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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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 : |
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 declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
S.R. Batliboi and Associates LLP Chartered Accountants |
|
Address : |
Oval Office, 18, iLabs Centre, Hitech City, Madhapur, Hyderabad- 500081, Telangana, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ACHFS9118A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company : |
Brand Energy Holdings B.V., Netherlands |
|
|
|
|
Ultimate Holding
Company : |
Brand Energy and Infrastructure Services, Inc. * (* The Company has received guarantee as collateral security in favour of bank from Brand Energy and Infrastructure Services Inc. for loan availed whose closing balance as at March 31, 2017 is INR 100.000 Million (March 31, 2016 is INR 141.667 Million). |
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|
|
|
Fellow Subsidiary
company : |
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
380000000 |
Equity Shares |
INR 1/- each |
INR 380.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
373670000 |
Equity Shares |
INR 1/- each |
INR 373.670
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
373.670 |
373.670 |
373.670 |
|
(b) Reserves & Surplus |
288.531 |
166.584 |
64.689 |
|
(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) |
662.201 |
540.254 |
438.359 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
50.000 |
100.000 |
55.000 |
|
(b) Deferred tax liabilities
(Net) |
20.643 |
23.498 |
16.372 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
6.294 |
4.480 |
3.426 |
|
Total
Non-current Liabilities (3) |
76.937 |
127.978 |
74.798 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
86.327 |
81.543 |
73.623 |
|
(c) Other current liabilities |
170.386 |
143.459 |
125.355 |
|
(d) Short-term provisions |
40.368 |
39.141 |
18.746 |
|
Total
Current Liabilities (4) |
297.081 |
264.143 |
217.724 |
|
|
|
|
|
|
TOTAL |
1036.219 |
932.375 |
730.881 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
518.989 |
493.386 |
395.699 |
|
(ii) Intangible Assets |
18.996 |
29.164 |
39.213 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
7.311 |
7.325 |
3.455 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
545.296 |
529.875 |
438.367 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
254.767 |
251.939 |
120.015 |
|
(d) Cash and cash equivalents |
57.027 |
8.947 |
55.993 |
|
(e) Short-term loans and
advances |
5.370 |
5.150 |
2.056 |
|
(f) Other current assets |
173.759 |
136.464 |
114.450 |
|
Total
Current Assets |
490.923 |
402.500 |
292.514 |
|
|
|
|
|
|
TOTAL |
1036.219 |
932.375 |
730.881 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
625.505 |
530.728 |
360.871 |
|
|
Other Income |
5.799 |
29.213 |
25.394 |
|
|
TOTAL
|
631.304 |
559.941 |
386.265 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits expense |
243.657 |
213.928 |
|
|
|
Other expenses |
96.823 |
98.641 |
|
|
|
TOTAL |
340.480 |
312.569 |
286.289 |
|
|
|
|
|
(Including |
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
290.824 |
247.372 |
Finance and Depreciation |
|
|
|
|
|
Expenses. |
|
Less |
FINANCIAL
EXPENSES |
19.124 |
16.221 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
271.700 |
231.151 |
|
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
82.210 |
72.055 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
189.490 |
159.096 |
99.976 |
|
|
|
|
|
|
|
Less |
TAX |
67.543 |
57.201 |
35.287 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
121.947 |
101.895 |
64.689 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
0.000 |
17.713 |
NA |
|
|
TOTAL
EARNINGS |
0.000 |
17.713 |
NA |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Capital Goods |
10.025 |
0.200 |
NA |
|
|
TOTAL
IMPORTS |
10.025 |
0.200 |
NA |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
0.33 |
0.27 |
-- |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
50.000 |
41.667 |
5.000 |
|
Net cash flows from (used in) operations |
239.185 |
60.798 |
106.341 |
|
Net cash flows from (used in) operating activities |
187.985 |
39.667 |
102.249 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
148.66 |
173.27 |
121.39 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
2.46 |
2.11 |
3.01 |
|
|
|
|
|
|
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 |
0.47 |
0.23 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.38 |
0.44 |
0.38 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.15 |
0.26 |
0.14 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.45 |
0.49 |
0.50 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.81 |
0.97 |
0.99 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
15.21 |
15.25 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
19.50 |
19.20 |
17.93 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
11.77 |
10.93 |
8.85 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
18.42 |
18.86 |
14.76 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.65 |
1.52 |
1.34 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.65 |
1.52 |
1.34 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.64 |
0.58 |
0.60 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.27 |
0.38 |
0.16 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.65 |
1.52 |
1.34 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
373.670 |
373.670 |
373.670 |
|
Reserves & Surplus |
64.689 |
166.584 |
288.531 |
|
Net
worth |
438.359 |
540.254 |
662.201 |
|
|
|
|
|
|
Long Term borrowings |
55.000 |
100.000 |
50.000 |
|
Short Term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities of Long term debt |
5.000 |
41.667 |
50.000 |
|
Total
borrowings |
60.000 |
141.667 |
100.000 |
|
Debt/Equity
ratio |
0.137 |
0.262 |
0.151 |
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
|
360.871 |
530.728 |
625.505 |
|
|
|
47.069 |
17.858 |
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
|
360.871 |
530.728 |
625.505 |
|
Profit |
64.689 |
101.895 |
121.947 |
|
|
17.93% |
19.20% |
19.50% |
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 |
REVIEW OF OPERATIONS:
During the period revenue of the Company is INR 625.505 Million as compared to previous year revenue of INR 530.728 Million and the Net Profit during the financial year is INR 121.947 Million as compared to previous year’s Net Profit of INR 101.895 Million.
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
C43039395 |
10548140 |
The Hongkong and Shanghai Banking Corporation Limited |
11/02/2015 |
- |
- |
210000000.0 |
6-3-1107 & 1108, Raj Bhavan Road, Somaji Guda, Hyderabad – 500082, Telangana, India |
CONTINGENT
LIABILITIES:
There is a sales tax demand of INR 24.396 Million for which INR 7.859 Million paid under protest to the Government authorities by the erstwhile company. The Management, as per the terms of BTA and its assessment, is of the opinion that the Company's liability is restricted to the amount paid under protest
FIXED ASSETS
Tangible assets
- Buildings
- Factory building
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
Intangible assets
- Goodwill
- Computer software
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 records 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 63.73 |
|
|
1 |
INR 86.01 |
|
Euro |
1 |
INR 76.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
SUJ |
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.