|
|
|
MIRA INFORM REPORT
|
Report No. : |
487865 |
|
Report Date : |
25.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
THAMES STEELS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-20 and 21, Kasna Ecotech 1 Extension, Gautam Buddha Nagar, Greater
Noida-201308, Uttar Pradesh |
|
Tel. No.: |
91-120-2341394 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
16.01.2004 |
|
|
|
|
Com. Reg. No.: |
20-071464 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 140.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U55101UP2004PTC071464 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
GSTIN : |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCT1212A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
· Manufacture, Trade of fabricate steel items like rods, angles, sheets, pipes, channels and its allied products, all types ferrous and non-ferrous metals, steel and all types of its scraps. · Manufacture, trade and deal in aluminium mono-block aerosol cans and other cans, containers made of different metal, plastic and other material. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Yet to commence its business operations |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Even though the company was incorporated in the year 2004 but it is yet to commence its business operations. Further, Mr. Manas Agarwal (Director) has denied to provide any information about the company. As per financials of March 2017, the company has registered some pre-operating expenses and has incurred losses. Rating takes into consideration the company’s negative reserves level along with leverage capital structure and deteriorating financial risk profile. However, rating weakness is partially offset by sound capital base of the company. Payments are reported to be unknown. In view of aforesaid, the company can be considered for business dealings with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 25.01.2018
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.
LOCATIONS
|
Registered Office : |
B-20 and 21, Kasna Ecotech 1 Extension, Gautam Buddha Nagar, Greater
Noida-201308, Uttar Pradesh, India |
|
Tel. No.: |
91-120-2341394 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Vijay Kumar Gupta |
|
Designation : |
Director |
|
Address : |
30-B, Jagannath Puri, Mathura-281001, Uttar Pradesh, India |
|
Date of Birth/Age : |
01.08.1959 |
|
Date of Appointment : |
25.08.2014 |
|
PAN No.: |
ABNPG8509L |
|
DIN No.: |
00002889 |
|
|
|
|
Name : |
Mr. Kanishk Agrawal |
|
Designation : |
Director |
|
Address : |
30-B, Jagannath Puri, Mathura-281001, Uttar Pradesh, India |
|
Date of Birth/Age : |
09.02.1987 |
|
Date of Appointment : |
25.08.2014 |
|
DIN No.: |
00002890 |
|
|
|
|
Name : |
Mr. Rakesh Kumar Agarwal |
|
Designation : |
Director |
|
Address : |
Raghav Kunj, Near Madhuvan Hotal, Daibal Nagar, Krishna Nagar Mathura -281004, Uttar Pradesh, India |
|
Date of Birth/Age : |
15.12.1964 |
|
Date of Appointment : |
25.08.2014 |
|
DIN No.: |
01008233 |
|
|
|
|
Name : |
Mr. Kapil Agrawal |
|
Designation : |
Director |
|
Address : |
67, Manas Nagar, Maholi Road Mtr, Mathura-281001, Uttar Pradesh, India |
|
Date of Birth/Age : |
07.12.1968 |
|
Date of Appointment : |
25.08.2014 |
|
PAN No.: |
ACEPA6970H |
|
DIN No.: |
02641111 |
|
|
|
|
Name : |
Mr. Pradeep Agrawal |
|
Designation : |
Director |
|
Address : |
67, Manas Nagar, Maholi Road Mtr, Mathura-281001, Uttar Pradesh, India |
|
Date of Birth/Age : |
16.09.1966 |
|
Date of Appointment : |
25.08.2014 |
|
DIN No.: |
02641113 |
|
|
|
|
Name : |
Mr. Manas Agarwal |
|
Designation : |
Director |
|
Address : |
Raghav Kunj, Near Madhuvan Hotel, Daibal Nagar, Krishna Nagar, Mathura -281004, Uttar Pradesh, India |
|
Date of Appointment : |
14.11.2014 |
|
DIN No.: |
07001937 |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Rakesh Kumar Agarwal |
|
1188334 |
|
Kapil Agrawal |
|
961666 |
|
Kanishk Agrawal |
|
1481666 |
|
Vijay Kumar Gupta |
|
274667 |
|
Pradeep Agrawal |
|
871667 |
|
Prakritik Fruits Private Limited, India |
|
400000 |
|
Ruma Agrawal |
|
500000 |
|
Radha Krishna Gravure Private Limited, India |
|
570000 |
|
Mamta Agrwal |
|
300000 |
|
Bishamer Nath Vijay Kumar HUF |
|
110000 |
|
Pradeep Agrawal HUF |
|
140000 |
|
Highlife Commodities Merchants Private Limited, India |
|
6497000 |
|
Kapil Agrawal HUF |
|
190000 |
|
Manas Agarwal |
|
285000 |
|
Nupur Agrawal |
|
230000 |
|
Total |
|
14000000 |
Equity Share Break up (Percentage of Total Equity)
As on 02.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
36.16 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
10.50 |
|
Public/Other than promoters (Body corporate) |
53.34 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Manufacture, Trade of fabricate steel items like rods, angles, sheets, pipes, channels and its allied products, all types ferrous and non-ferrous metals, steel and all types of its scraps. · Manufacture, trade and deal in aluminium mono-block aerosol cans and other cans, containers made of different metal, plastic and other material. (Registered Activity) |
|
|
|
|
Brand Names : |
Not Available |
|
|
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|
Agencies Held : |
Not Available |
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|
|
|
Exports : |
Not Available |
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|
|
|
Imports : |
Not Available |
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|
|
|
Terms : |
Not Available |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
|
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||||||||||||||||||||||
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Facilities : |
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Auditors : |
|
|
Name : |
M. M. Agrawal and Co. Chartered Accountants |
|
Address : |
2 , Jagannath Puri, Mathura- 281001, Uttar Pradesh, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAVPA3237E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 02.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14000000 |
Equity Shares |
INR 10/- each |
INR 140.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14000000 |
Equity Shares |
INR 10/- each |
INR 140.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
140.000 |
26.700 |
0.100 |
|
(b) Reserves & Surplus |
(1.282) |
(0.869) |
(0.185) |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
1.400 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
138.718 |
27.231 |
(0.085) |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
468.739 |
37.047 |
33.461 |
|
(b) Deferred tax liabilities
(Net) |
0.014 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
468.753 |
37.047 |
33.461 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
43.684 |
0.000 |
0.000 |
|
(b) Trade payables |
0.926 |
0.000 |
0.000 |
|
(c) Other current liabilities |
0.955 |
0.026 |
0.031 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
45.565 |
0.026 |
0.031 |
|
|
|
|
|
|
TOTAL |
653.036 |
64.304 |
33.407 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
17.344 |
16.351 |
16.083 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
501.182 |
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 |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
1.685 |
0.042 |
0.000 |
|
Total
Non-Current Assets |
520.211 |
16.393 |
16.083 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
3.691 |
0.000 |
0.000 |
|
(c) Trade receivables |
0.000 |
0.000 |
0.000 |
|
(d) Cash and cash equivalents |
123.906 |
0.980 |
12.297 |
|
(e) Short-term loans and
advances |
5.228 |
46.931 |
5.027 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
132.825 |
47.911 |
17.324 |
|
|
|
|
|
|
TOTAL |
653.036 |
64.304 |
33.407 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
0.000 |
0.000 |
0.000 |
|
|
Other Income |
5.559 |
0.000 |
0.000 |
|
|
TOTAL
|
5.559 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
0.000 |
0.000 |
0.000 |
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Employees benefits expense |
0.150 |
0.000 |
0.000 |
|
|
Other expenses |
0.133 |
0.684 |
0.163 |
|
|
TOTAL |
0.283 |
0.684 |
0.163 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
5.276 |
(0.684) |
(0.163) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
5.633 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(0.357) |
(0.684) |
(0.163) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
0.041 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(0.398) |
(0.684) |
(0.163) |
|
|
|
|
|
|
|
Less |
TAX |
0.014 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(0.412) |
(0.684) |
(0.163) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
(0.03) |
(0.26) |
(16.30) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.43 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.01 |
(0.04) |
(0.01) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.79 |
0.58 |
1.00 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
3.69 |
1.36 |
(393.66) |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.33 |
0.00 |
(0.36) |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
3.74 |
0.60 |
(189.21) |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
0.94 |
0.00 |
NA |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(0.06) |
(1.06) |
(0.49) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(0.30) |
(2.51) |
191.76 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.92 |
1842.73 |
558.84 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
2.83 |
1842.73 |
558.84 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.21 |
0.42 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
3.66 |
1.39 |
334.61 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.92 |
1842.73 |
558.84 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In
Million |
INR
In Million |
INR
In Million |
|
Share Capital |
0.100 |
26.700 |
140.000 |
|
Reserves & Surplus |
(0.185) |
(0.869) |
(1.282) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
1.400 |
0.000 |
|
Net
worth |
(0.085) |
27.231 |
138.718 |
|
|
|
|
|
|
long-term borrowings |
33.461 |
37.047 |
468.739 |
|
Short term borrowings |
0.000 |
0.000 |
43.684 |
|
Total
borrowings |
33.461 |
37.047 |
512.423 |
|
Debt/Equity
ratio |
(393.659) |
1.360 |
3.694 |
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 |
No |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
Yes |
|
22] |
Conduct of the banking account |
-- |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
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 two 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 |
OPERATIONS:
The company has imported machinery and building is under construction stage. The director’s hope that the company will commence its business in following year.
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
114.426 |
37.047 |
|
Total |
114.426 |
37.047 |
INDEX
OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Amount |
Address |
|
1 |
G40005894 |
100087533 |
PUNJAB NATIONAL BANK |
17/02/2017 |
850000.0 |
MID CORPORATE BRANCHA - 9 CONNAUGHT PLACENEW DELHIDL110001IN |
|
2 |
G06799365 |
100036450 |
PUNJAB NATIONAL BANK |
07/06/2016 |
440000000.0 |
MCB, A-9,CONNAUGHT PLCAENEW DELHIDL110001IN |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, 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 63.64 |
|
UK Pound |
1 |
INR 89.32 |
|
Euro |
1 |
INR 78.45 |
INFORMATION DETAILS
|
Analysis Done by
: |
VIK |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.
·