|
|
|
MIRA INFORM REPORT
|
Report No. : |
488130 |
|
Report Date : |
29.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
SAMBANDAM SOLVENT EXTRACTION PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
SAMBANDAM SOLVENT EXTRACTION LIMITED |
|
|
|
|
Registered
Office : |
97, Thulasingam Street, Perambur, Chennai - 600011, Tamilnadu |
|
Mob. No.: |
91-9443389200 [Mr. Satish Kumar] |
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|
|
Country : |
India |
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|
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
18.01.1990 |
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|
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|
Com. Reg. No.: |
18-018608 |
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Capital
Investment / Paid-up Capital : |
INR 6.671 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15141TN1990PTC018608 |
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|
IEC No.: |
Not Divulged |
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|
TIN No.: |
Not Divulged |
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GST No.: |
Not Divulged |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
Not Divulged |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Extraction of Solvent. [Registered Activity] |
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|
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1990. Management has failed to file its financials with the Registrar of
companies after the FY 2013. As per the available financials of FY 2013, the company possesses
average net worth base marked by comfortable debt balance sheet profile. Rating is constrained on account of absence of latest financials. Payments are seems to be unknown. In view of aforesaid, dealings are recommended on safe and secured
terms. |
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 |
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 29.01.2018.
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 BY
|
Name : |
Mr. Sathesh Kumar |
|
Designation : |
Director |
|
Contact No.: |
91-9443389200 |
|
Date : |
27.01.2018 |
MANAGEMENT NON-COOPERATIVE [TEL. NO.: 91-9442637836 - ACCOUNTS HEAD]
LOCATIONS
|
Registered Office : |
97, Thulasingam Street, Perambur, Chennai - 600011, Tamilnadu, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9443389200 [Mr. Sathesh Kumar] 91-9442637836 [Office] |
|
Fax No.: |
Not Available |
|
E-Mail : |
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|
|
|
Factory |
Survey No. 129 and 130, Vellore Main Road, Sirukaeripakkam,
Kanchipuram, Heepuram - 631502 Tamilnadu, India) |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Sathesh kumar |
||||||||
|
Designation : |
Managing Director |
||||||||
|
Address : |
108-A, Bangaru Amman Colony, Near Collector Office, Kancheepuram - 631502, Tamilnadu, India |
||||||||
|
Date of Appointment : |
26.0.2001 |
||||||||
|
DIN No.: |
01906227 |
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Other Directorship :
|
|||||||||
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|
||||||||
|
Name : |
Mr. Sathish Kumar Sambandam |
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|
Designation : |
Director |
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|
Address : |
2-108 Vijendiran Saraswathi Street Bangaru Amman Thottam, Sevilimedu, Kancheepuram - 631502, Tamilnadu, India |
||||||||
|
Date of Birth/Age: |
17.03.1997 |
||||||||
|
Date of Appointment : |
07.02.2017 |
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|
DIN No.: |
07730639 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
S.Siva
kumar |
|
133323 |
|
S.Sivaraman |
|
128922 |
|
C.Shanmugasunderam |
|
12900 |
|
S.Sathishkumar |
|
90426 |
|
S.Thirupura Sundari |
|
66630 |
|
R.Ambica |
|
24850 |
|
P.Manogari |
|
1500 |
|
S.Viswesweran |
|
6900 |
|
S.Lalitha |
|
50173 |
|
S.Rajeswari |
|
50172 |
|
S.Kumari |
|
23150 |
|
C.Girija |
|
8820 |
|
A.Rajasekaran |
|
6544 |
|
R.Sasikala |
|
1950 |
|
J.Sounderrajan |
|
5900 |
|
K.S.Rajasekar |
|
5040 |
|
K.Munusamy |
|
16700 |
|
R.Uma Mageswari |
|
3200 |
|
S.Chitra |
|
10000 |
|
M.Prasanna |
|
10000 |
|
S.Sangeetha |
|
10000 |
|
Total |
|
667100 |
AS ON: 30.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Extraction of Solvent. [Registered Activity] |
|
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|
Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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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
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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|
||||||||||||||||||||||||||||||
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Bankers : |
· The South Indian Bank Limited No. 68, Kamarajar Road, Kanchipuram, Kanchipuram - 631501, Tamilnadu, India |
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Facilities : |
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Auditors : |
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|
Name : |
Ganesh Venkat and Company Chartered Accountants |
|
Address : |
New No.2,Old No.25,1st Floor, Chengalvarayan Street,Shenoy Nagar,
Chennai - 600030, Tamilnadu, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAGFG4034Q |
|
|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
|
|
Associate Company: |
Sri Anjaneya Extraction Private Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1600000 |
Equity Shares |
INR 10/- each |
INR 16.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
667100 |
Equity Shares |
INR 10/- each |
INR 6.671 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
6.671 |
6.671 |
6.671 |
|
(b) Reserves & Surplus |
23.333 |
25.538 |
26.500 |
|
(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) |
30.004 |
32.209 |
33.171 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
21.771 |
26.210 |
32.969 |
|
(b) Deferred tax liabilities (Net) |
0.154 |
2.943 |
2.661 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.337 |
0.278 |
0.217 |
|
Total
Non-current Liabilities (3) |
22.262 |
29.431 |
35.847 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
30.615 |
50.695 |
48.420 |
|
(b)
Trade payables |
7.217 |
10.808 |
21.662 |
|
(c)
Other current liabilities |
2.178 |
2.965 |
2.233 |
|
(d)
Short-term provisions |
0.695 |
0.269 |
0.955 |
|
Total
Current Liabilities (4) |
40.705 |
64.737 |
73.270 |
|
|
|
|
|
|
TOTAL |
92.971 |
126.377 |
142.288 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
53.858 |
64.884 |
34.301 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
8.636 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.356 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
1.958 |
2.378 |
11.514 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
55.816 |
67.262 |
54.807 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
4.932 |
11.517 |
33.386 |
|
(c)
Trade receivables |
23.061 |
38.972 |
45.219 |
|
(d)
Cash and cash equivalents |
0.266 |
1.628 |
1.873 |
|
(e)
Short-term loans and advances |
8.896 |
6.998 |
7.003 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
37.155 |
59.115 |
87.481 |
|
|
|
|
|
|
TOTAL |
92.971 |
126.377 |
142.288 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
184.713 |
390.715 |
785.472 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
185.667 |
387.190 |
776.711 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
(0.954) |
3.525 |
8.761 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
4.003 |
4.006 |
6.449 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
(4.957) |
(0.481) |
2.312 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(2.753) |
0.481 |
0.077 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
(2.204) |
(0.962) |
2.235 |
|
|
|
|
|
|
|
|
|
|
Earnings/(Loss)
Per Share (INR) |
(3.30) |
(1.44) |
3.35 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash flow from Operating Activities |
12.554 |
41.424 |
10.918 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Average Collection Days (Sundry
Debtors/Total Income * 365 Days) |
45.57 |
36.41 |
21.01 |
|
|
|
|
|
|
Account Receivables Turnover (Total Income / Sundry Debtors) |
8.01 |
10.03 |
17.37 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.67 |
0.72 |
0.75 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.75 |
2.39 |
2.45 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.36 |
2.01 |
2.21 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.80 |
2.01 |
1.29 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
(1.19) |
(0.25) |
0.28 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(2.37) |
(0.76) |
1.57 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(7.35) |
(2.99) |
6.74 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.91 |
0.91 |
1.19 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.79 |
0.74 |
0.74 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.32 |
0.25 |
0.23 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
7.85 |
11.53 |
12.20 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.91 |
0.91 |
1.19 |
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 |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
6.671 |
6.671 |
6.671 |
|
Reserves & Surplus |
26.500 |
25.538 |
23.333 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
33.171 |
32.209 |
30.004 |
|
|
|
|
|
|
long-term borrowings |
32.969 |
26.210 |
21.771 |
|
Short term borrowings |
48.420 |
50.695 |
30.615 |
|
Total
borrowings |
81.389 |
76.905 |
52.386 |
|
Debt/Equity
ratio |
2.454 |
2.388 |
1.746 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Total Income |
785.472 |
390.715 |
184.713 |
|
|
|
(50.257) |
(52.724) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Total Income |
785.472 |
390.715 |
184.713 |
|
Profit/(Loss) |
2.235 |
(0.962) |
(2.204) |
|
|
0.28% |
(0.25%) |
(1.19%) |
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 |
Litigations that the firm/promoter
involved in |
-- |
|
32 |
Market information |
-- |
|
33 |
Payments terms |
No |
|
34 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
A87810016 |
10224262 |
HDFC BANK LIMITED |
15/06/2010 |
- |
- |
2750000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
2 |
A86940129 |
10221605 |
HDFC BANK LIMITED |
13/05/2010 |
- |
- |
2710000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
3 |
A27221886 |
10076293 |
THE SOUTH INDIAN
BANK LIMITED |
25/10/2007 |
- |
- |
62000000.0 |
KANCHEEPURAM BRANCHKANCHEEPURAMTN631501IN |
|
4 |
Y10412685 |
90289758 |
SUNDARAM FINANCE
LIMITED |
09/11/2005 |
- |
- |
690000.0 |
21 PATULLOS
ROADCHENNAITN600002IN |
|
5 |
C39769567 |
90287288 |
THE SOUTH INDIAN
BANK LIMITED |
30/06/1993 |
29/03/2014 |
- |
74000000.0 |
KANCHEEPURAM
BRANCHNO. 68, KAMARAJAR ROADKANCHEEPURAMTN631501IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2013 (INR
In Million) |
31.03.2012 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Other Loans |
5.073 |
19.293 |
|
|
|
|
|
Total |
5.073 |
19.293 |
OPERATIONS
The year, the Company has achieved turnover of INR 184.713 million (Previous Year INR 390.715 million) and has incurred net loss after taxes of INR 2.204 million (Previous year net loss after taxes INR 0.962 million). During the year the company was forced to lay off workers for the period of four months due to lack of adequate working capital and increase in the prices of raw materials. As the company’s operations came to standstill for quite some time, desired results could not achieved and hence decline in turnover and increase in net loss. The company has approached the bankers for increase in working capital limits and for fresh working capital term loans to revive the operations. The directors are desirous of achieving better results in the coming years.
FIXED ASSETS:
·
Factory
·
Agricultural Lands
·
Buildings
·
Plant & Machinery
·
Vehicles
·
Furniture and Fixtures
·
Typewriter
·
Air-conditioner
·
Mini Water Cooler
·
Fax Machine
·
Security Systems
·
Computers
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 63.50 |
|
UK Pound |
1 |
INR 90.92 |
|
Euro |
1 |
INR 79.07 |
INFORMATION
DETAILS
|
Information
Gathered by : |
SHK |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
ARC |
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.