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|
MIRA INFORM REPORT
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Report No. : |
486159 |
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Report Date : |
17.01.2018 |
IDENTIFICATION DETAILS
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Name : |
BILTECH BUILDING ELEMENTS LIMITED |
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Formerly Known
As : |
E-GROUPDEALS.COM LIMITED |
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Registered Office
: |
Thapar House, 124, Janpath , New Delhi - 110001 |
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Tel. No.: |
91-11-49696600 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
02.01.2001 |
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Com. Reg. No.: |
55-109058 |
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Capital
Investment / Paid-up Capital : |
INR 550.850 Million |
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CIN No.: [Company Identification
No.] |
U72900DL2001PLC109058 |
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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.] |
AACCB4080A |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufactures and Markets Lightweight Autoclaved Aerated Concrete (AAC), (Registered activity) |
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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 : |
A |
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Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 2200000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a part of “Avantha Group” which was incorporated in the
year 2001 and it is a manufacturer of lightweight autoclaved aerated concrete
(AAC), a certified green building material. As per Registrar of Companies, the date of filling its financials is
shown as 31.03.2017 but documents related to the 2017 are not available from
any other sources. As per available financials of March 2016, the company has registered
a growth of 5.18% in its revenue as compared to its previous year’s revenue
but has incurred losses. Rating takes into consideration the company’s established track record
of business operations marked by sound net worth along with comfortable debt
coverage indicators and decent liquidity position. Rating also takes into account the financials support received from
its group companies and extensive experience of its promoters. However, rating strength is partially offset by continuous losses from
its operation. Payments are reported to be slow but 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 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
|
Moderately Low
Risk |
B1 |
|
Moderate Risk |
B2 |
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Moderately High
Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term rating = BB+ (Issuer Non-Cooperative) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
30.10.2017 |
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 17.01.2018
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. Deepak |
|
Designation : |
Not Divulged |
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Contact No.: |
91-11-49696600 |
|
Date : |
13.01.2018 |
Tel. No.: 91-20-26870757 – Ringing
LOCATIONS
|
Registered Office : |
Thapar House, 124, Janpath , New Delhi – 110001, India |
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Tel. No.: |
91-11-49696600/ 23368332 |
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Fax No.: |
91-11-23368729 |
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E-Mail : |
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Website : |
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Corporate Office : |
232-B, Okhla Industrial Estate, Phase-III, New Delhi – 110020, India |
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Tel. No.: |
91-11-49696600 |
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Fax No.: |
91-11-49696699 |
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Factory 1 : |
71, KM Stone, Delhi-Mathura Highway, Village Mitrol, Taluka - Palwal, District: Palwal, Haryana, India |
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Factory 2 : |
Village and P.O. Pujali, Budge Budge, Kolkata, West Bengal, India |
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Factory 3 : |
105, Mile Stone, Pune - Solapur Highway, Village - Bhadalwadi - Paundhwadi, Taluka - Indapur, Near Bhigwan, District: Pune, Maharashtra, India |
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Factory 4 : |
Vasanthnarsapura Industrial Area, Nagenahalli Village kora, Hobli Taluka and District- Tumkur - 572 138, Karnatka, India |
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Factory 5 : |
Village Gowade, Manor - Palghar Highway, Taluka: Palghar, District: Thane, Maharashtra, India |
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Factory 6 : |
Block No. 309, Opposite Patco Foods, P.O. Dhamdod, Taluka - Mangrol, District: Surat, Gujarat, India |
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Factory 7 : |
72-76, Mundhwa Industrial Estate, Mundhwa, Near Bharat Forge, Pune - 411 036, Maharashtra, India |
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Regional Offices : |
Located at:
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DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Gautam Thapar |
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Designation : |
Director |
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Address : |
E-16, Pushpanjali Farms, Bijwasan, New Delhi – 110061, India |
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Date of Birth/Age : |
07.12.1960 |
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Qualification : |
Chemical Engineering Pratt University, USA |
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Date of Appointment : |
28.07.2015 |
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DIN No.: |
00012289 |
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Other Directorship:
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Name : |
Mr. Anil Bhargava |
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Designation : |
Director |
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Address : |
C - 2/5, 3rd Floor, Vasant Vihar, Delhi – 110057, India |
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Date of Birth/Age : |
16.11.1951 |
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Qualification : |
B.Tech. (Chemical |
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Date of Appointment : |
05.05.2004 |
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DIN No.: |
00012986 |
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Other Directorship:
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Name : |
Mr. Surendra Kumar Khandelwal |
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Designation : |
Director |
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Address : |
238, Kailash Hills, East Of Kailash, New Delhi – 110065, India |
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Date of Birth/Age : |
20.02.1946 |
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Qualification : |
LLB |
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Date of Appointment : |
16.04.2013 |
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DIN No.: |
00015637 |
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Other Directorship:
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Name : |
Mr. Vinod Kumar Sablok |
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Designation : |
Director |
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Address : |
B-065, Ground Floor, Sushant Lok-III, Florence Residency, Sec Tor-57, Gurugram – 122002, Haryana, India |
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Date of Birth/Age : |
06.07.1953 |
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Qualification : |
Bachelors‘ degree in science and a Law Graduate |
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Date of Appointment : |
12.05.2011 |
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DIN No.: |
00121252 |
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Other Directorship:
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Name : |
Ms. Amita Chebbi Dhingra |
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Designation : |
Director |
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Address : |
Apt No-1001, Block-A-5, 10th Floor, Uniworld Spa East, Sector-41,Vill- Silok Hera, Gurugram – 122001, Haryana, India |
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Date of Birth/Age : |
24.06.1975 |
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Qualification : |
Chemical Engineering |
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Date of Appointment : |
12.09.2015 |
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DIN No.: |
03159091 |
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Name : |
Sumanjit Chaudhry |
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Designation : |
Director |
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Address : |
D-344, Defence Colony, New Delhi – 110024, India |
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Date of Birth/Age : |
07.12.1960 |
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Qualification : |
Graduate from IIM Ahmedabad |
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Date of Appointment : |
21.09.2015 |
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DIN No.: |
06752672 |
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Other Directorship:
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Name : |
Mr. Rajat Bahl |
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Designation : |
Wholetime Director |
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Address : |
1377 Sector – 14, Faridabad – 121007, Haryana, India |
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Date of Birth/Age : |
45 Years) |
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Qualification : |
MBA |
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Experience : |
20 Years |
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Date of Appointment : |
29.11.2017 |
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PAN No.: |
ABXPB5223A |
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DIN No.: |
08005204 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Arun Kamra |
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Designation : |
Chief Finance Officer |
|
Address : |
Flat No. 9C, Tower E, Belgravia Central park-2 Resorts
Hero Honda Road, Sector-48, Gurugram 122001, Haryana, India |
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Date of Birth/Age : |
20.08.1966 |
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Qualification : |
MBA |
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Date of Appointment : |
10.01.2017 |
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PAN No.: |
ALAPK8648P |
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|
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Name : |
Mr. Rajat Bahl |
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Designation : |
Wholetime Director |
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Address : |
1377 Sector – 14, Faridabad – 121007, Haryana, India |
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Date of Birth/Age : |
45 Years) |
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Qualification : |
MBA |
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Experience : |
20 Years |
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Date of Appointment : |
21.11.2017 |
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PAN No.: |
ABXPB5223A |
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|
|
|
Name : |
Ms. Prerna Wadhwa |
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Designation : |
Company Secretary |
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Address : |
L-8, 2nd Floor, Old Double Storey Amar Colony, Lajpat Nagar – IV, New Delhi - 110024, India |
|
Date of Appointment : |
02.05.2017 |
|
PAN No.: |
ACDPW4144L |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Avantha Holdings Limited, India |
|
38084950 |
|
Gautam Thapar |
|
17000000 |
|
Akhil Mahajan |
|
10 |
|
Vinu Rajat Kalra |
|
10 |
|
Sonia Niranan Das |
|
10 |
|
Tapsi Mahajan |
|
10 |
|
R.K. Mangal |
|
10 |
|
Total |
|
55085000 |
As on 31.03.2016
|
Names of Shareholders (Equity) |
|
No. of Shares |
|
Avantha Holdings Limited, India |
|
6324940 |
|
Archana Pandit |
|
10 |
|
Akhil Mahajan |
|
10 |
|
Sandeep Pathak |
|
10 |
|
Deepak Bansal |
|
10 |
|
Vinu Rajat Kalra |
|
10 |
|
S.S. Sharma |
|
10 |
|
Total |
|
6325000 |
|
Names of Shareholders (Preference Shares-A) |
|
No. of Shares |
|
Avantha Holdings Limited, India |
|
2040000 |
|
Total |
|
2040000 |
|
Names of Shareholders (Preference Shares-B) |
|
No. of Shares |
|
Avantha Holdings Limited, India |
|
900000 |
|
Total |
|
900000 |
LIST OF ALLOTTEES
As on 12.06.2016
|
Names of Allottees |
|
No. of Shares |
|
Gautam Thapar |
|
15000000 |
|
Total |
|
15000000 |
As on 30.05.2016
|
Names of Allottees |
|
No. of Shares |
|
Avantha Holdings Limited, India |
|
31760000 |
|
Gautam Thapar |
|
2000000 |
|
Total |
|
33760000 |
Equity Share Break up (Percentage of Total Equity)
As on 21.08.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
30.86 |
|
Promoter - Bodies
corporate |
69.14 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufactures and Markets Lightweight Autoclaved Aerated Concrete (AAC), (Registered activity) |
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Products : |
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||||||||||
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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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||||||||||
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Imports : |
Not Divulged |
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||||||||||
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
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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Financial Institutions : |
IDBI Trusteeship Services Limited, Asia Building, Ground Floor,17,
R.Kamani Marg, Ballard Estate, Mumbai – 400001, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
K K Mankeshwar and Company Chartered Accountants |
|
Address : |
A-425, Sarita Vihar, New Delhi - 110076, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFK1156A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company : |
U67120DL1998PLC198627 |
|
|
|
|
Subsidiary company
: |
U26942CT2007PTC020227
|
|
|
|
|
Fellow Subsidiary
company: |
U24119DL2001PLC111100
U74140DL2005PLC135984
|
|
|
|
|
Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
L21010MH1945PLC010337
U19201DL2006PLC150871
U36999DL1989PLC034942
|
CAPITAL STRUCTURE
After 21.08.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
80000000 |
Equity Shares |
INR 10/- each |
INR 800.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
55085000 |
Equity Shares |
INR 10/- each |
INR 550.850
Million |
|
|
|
|
|
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12500000 |
Equity Shares |
INR 10/- each |
INR 125.000 Million |
|
3000000 |
Preference Shares |
INR 100/- each |
INR 300.000 Million |
|
|
Total |
|
INR 425.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
632500 |
Equity Shares |
INR 10/- each |
INR 63.250
Million |
|
2940000 |
Preference Shares |
INR 100/- each |
INR 294.000 Million |
|
|
Total |
|
INR 357.250 Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
357.250 |
347.250 |
347.250 |
|
(b) Reserves & Surplus |
405.444 |
366.041 |
403.565 |
|
(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) |
762.694 |
713.291 |
750.815 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
675.563 |
535.298 |
640.571 |
|
(b) Deferred tax liabilities
(Net) |
125.772 |
130.965 |
115.729 |
|
(c) Other long term
liabilities |
70.637 |
70.647 |
70.577 |
|
(d) long-term provisions |
25.703 |
21.723 |
19.575 |
|
Total
Non-current Liabilities (3) |
897.675 |
758.633 |
846.452 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
534.208 |
473.599 |
350.663 |
|
(c) Other current liabilities |
56.363 |
216.798 |
173.958 |
|
(d) Short-term provisions |
2.397 |
4.523 |
6.369 |
|
Total
Current Liabilities (4) |
592.968 |
694.920 |
530.990 |
|
|
|
|
|
|
TOTAL |
2253.337 |
2166.844 |
2128.257 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1519.337 |
1529.149 |
1537.934 |
|
(ii) Intangible Assets |
0.026 |
0.039 |
0.051 |
|
(iii) Capital work-in-progress |
54.459 |
8.382 |
74.150 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2.865 |
2.865 |
2.865 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
67.820 |
66.147 |
69.585 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
1644.507 |
1606.582 |
1684.585 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
112.290 |
119.863 |
99.860 |
|
(c) Trade receivables |
419.647 |
367.094 |
264.157 |
|
(d) Cash and cash equivalents |
17.959 |
12.777 |
15.875 |
|
(e) Short-term loans and
advances |
58.760 |
60.284 |
63.592 |
|
(f) Other current assets |
0.174 |
0.244 |
0.188 |
|
Total
Current Assets |
608.830 |
560.262 |
443.672 |
|
|
|
|
|
|
TOTAL |
2253.337 |
2166.844 |
2128.257 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
1218.921 |
1158.872 |
1535.071 |
|
|
Other Income |
5.378 |
8.739 |
10.406 |
|
|
TOTAL
|
1224.299 |
1167.611 |
1545.477 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
504.462 |
521.575 |
713.065 |
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(0.202) |
(19.621) |
(0.366) |
|
|
Employees benefits expense |
189.565 |
168.318 |
220.754 |
|
|
CSR expenditure |
1.362 |
0.000 |
0.000 |
|
|
Other expenses |
400.209 |
407.14 |
453.02 |
|
|
TOTAL |
1095.396 |
1077.412 |
1386.473 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
128.903 |
90.199 |
159.004 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
88.985 |
70.494 |
111.56 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
39.918 |
19.705 |
47.444 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
46.937 |
34.95 |
80.155 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(7.019) |
(15.245) |
(32.711) |
|
|
|
|
|
|
|
Less |
TAX |
(6.422) |
21.18 |
9.828 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(0.597) |
(36.425) |
(42.539) |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
230.738 |
268.263 |
310.802 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
0.000 |
1.100 |
0.000 |
|
|
Total
|
0.000 |
1.100 |
0.000 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
230.141 |
230.738 |
268.263 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
(2.83) |
(9.33) |
(11.22) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
30.06.2014 |
|
Current Maturities of Long term debt |
2.692 |
143.871 |
107.000 |
|
Net cash flows from (used in) operations |
138.460 |
110.379 |
174.187 |
|
Net cash flows from (used in) operating activities |
135.035 |
107.441 |
166.641 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
125.66 |
115.62 |
62.81 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
2.90 |
3.16 |
5.81 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
386.52 |
331.43 |
179.50 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.15 |
0.75 |
1.59 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.08 |
0.06 |
0.10 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.56 |
0.63 |
0.60 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.89 |
0.95 |
1.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.78 |
0.97 |
0.71 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
2.06 |
2.16 |
2.15 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.45 |
1.28 |
1.43 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
(0.05) |
(3.14) |
(2.77) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(0.03) |
(1.68) |
(2.00) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(0.08) |
(5.11) |
(5.67) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.03 |
0.81 |
0.84 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.84 |
0.63 |
0.65 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.34 |
0.33 |
0.35 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1.90 |
1.96 |
2.15 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.03 |
0.81 |
0.84 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
347.250 |
347.250 |
357.250 |
|
Reserves & Surplus |
403.565 |
366.041 |
405.444 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
750.815 |
713.291 |
762.694 |
|
|
|
|
|
|
Long Term borrowings |
640.571 |
535.298 |
675.563 |
|
Short Term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities of Long term debt |
107.000 |
143.871 |
2.692 |
|
Total
borrowings |
747.571 |
679.169 |
678.255 |
|
Debt/Equity
ratio |
0.996 |
0.952 |
0.889 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
1535.071 |
1158.872 |
1218.921 |
|
|
|
(24.507) |
5.182 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
1535.071 |
1158.872 |
1218.921 |
|
Profit |
(42.539 |
(36.425 |
(0.597 |
|
|
(2.77% |
(3.14% |
(0.05% |
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 |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
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 |
OPERATIONS
The Company manufactures and markets lightweight Autoclaved Aerated Concrete (AAC), a certified green building material. The Companys plants are located in Palwal (Haryana), Bhigwan (Maharashtra), Palgarh (Maharashtra), Budge Budge (West Bengal) and Surat (Gujarat). Further. The Company has maintained the status of the largest producer of AAC in India, servicing the needs of the construction industry, both in the public and private sectors
During the period, the overall real estate market remained under financial stress due to very sluggish demand for their products which in turn forced the AAC market, already struggling with over supply scenario due to new entrants in the industry, to slow down. In spite of this pressure, the Company has retained its elite customer base with better services and quality. Further the Company could also retain its prestigious project of BGS and bagged a long term supply contract with PWD.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Bonds/debentures |
43.600 |
43.600 |
|
Rupee term loans from others |
1.988 |
1.385 |
|
Total |
45.588 |
44.985 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G07230055 |
10598325 |
IDBI TRUSTEESHIP SERVICES LIMITED |
28/09/2015 |
12/01/2016 |
- |
1550000000.0 |
Asia Building, Ground Floor,17, R.Kamani Marg, Ballard Estate,MumbaiMH400001IN |
|
2 |
G19744051 |
10598349 |
IFCI LIMITED |
28/09/2015 |
20/10/2016 |
- |
1550000000.0 |
Earnest House, 9th FloorNCPA Marg, Nariman PointMumbaiMH400021IN |
|
3 |
C67295493 |
10505694 |
IDBI TRUSTEESHIP SERVICES LIMITED |
05/06/2014 |
19/06/2014 |
15/10/2015 |
710000000.0 |
Asia Building, Ground Floor,17, R Kamani Marg, Ballard EstateMumbaiMH400001IN |
|
4 |
C67189316 |
10468848 |
IDBI Bank Limited |
13/12/2013 |
- |
08/10/2015 |
710000000.0 |
Indian Red Cross Society Building1, Red Cross Road, Post Bag No. - 231New DelhiDL110001IN |
|
5 |
B94317278 |
10425944 |
IDBI TRUSTEESHIP SERVICES LIMITED |
22/04/2013 |
- |
16/01/2014 |
980000000.0 |
Asian Building, Ground Floor17, R. Kamani Marg, Ballard EstateMumbaiMH400001IN |
|
6 |
B94345022 |
10296230 |
INDUSIND BANK LTD. |
21/06/2011 |
15/02/2013 |
16/01/2014 |
250000000.0 |
Dr. Gopal Das Bhawan28, Barakhamba RoadNew DelhiDL110001IN |
|
7 |
B94317765 |
10231916 |
L&T FinCorp Limited |
17/06/2010 |
15/02/2013 |
13/01/2014 |
250000000.0 |
L & T HOUSE, BALLARD ESTATE,MUMBAIMH400001IN |
|
8 |
B94354552 |
10410866 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
15/02/2013 |
13/03/2013 |
13/01/2014 |
300000000.0 |
One Forbes,Dr. V. B. Gandhi Marg, FortMumbaiMH400001IN |
|
9 |
B93352581 |
10142065 |
YES BANK LIMITED |
04/02/2009 |
29/08/2012 |
06/01/2014 |
180000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN |
|
10 |
B35359488 |
10028932 |
The Hongkong and Shanghai Banking Corporation Limited |
29/11/2006 |
12/11/2010 |
15/03/2012 |
160000000.0 |
Birla Towers25 Barakhamba RoadNew DelhiDL110001IN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
Claims against company not acknowledged as debt |
0.500 |
0.000 |
|
Other money for which company is contingently liable |
71.701 |
55.861 |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- 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,
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 63.41 |
|
|
1 |
INR 87.17 |
|
Euro |
1 |
INR 77.44 |
INFORMATION DETAILS
|
Information
Gathered by : |
SLK |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
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.