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|
MIRA INFORM REPORT
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Report No. : |
512739 |
|
Report Date : |
01.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
SHIVPRIYA CABLES PRIVATE LIMITED (w.e.f. 26.09.2007) |
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Formerly Known
As : |
SUPER SILICON PRIVATE LIMITED |
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Registered
Office : |
29/230, Railway Colony, Mandawali Fazalpur, Delhi - 110092 |
|
Tel. No.: |
91-11-41563091 |
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|
Country : |
India |
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|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
03.02.2006 |
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|
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Com. Reg. No.: |
55-170835 |
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Capital
Investment / Paid-up Capital : |
INR 184.478 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U24116DL2006PTC170835 |
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|
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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|
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TAN No.: [Tax Deduction & Collection
Account No.] |
DELS35030C |
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GSTN : [Goods & Service Tax
Registration No.] |
08AAJCS7155C1Z9 |
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PAN No.: [Permanent Account No.] |
AAJCS7155C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Subject is engaged in the Manufacturing and trading of Wires and Cables. (Registered activity and also Confirmed by management) |
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No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2006 and it is a manufacturer and supplier of cables and wires. As per financials of March 2017, the company has registered a growth of 13.04% in its revenue from its previous year’s revenue and has reported average profit margin of 2.17%. Rating takes into consideration the company’s established track record of business operations marked by sound net worth base along with comfortable debt protection indicators and decent liquidity position. However, the rating strength is partially offset by working capital intensive nature of operations and intense competition in the cable and wire industry. Payments terms seems to be usually correct. In view of aforesaid, the subject can be considered for business dealings 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 (30.09.2017) |
Current Rating (31.12.2017) |
|
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 |
BRICKWORKS |
|
Rating |
Long Term Rating = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
24.08.2017 |
|
Rating Agency Name |
BRICKWORKS |
|
Rating |
Short Term Rating = A3 |
|
Rating Explanation |
Minimal degree of safety and higher credit
risk |
|
Date |
24.08.2017 |
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 01.06.2018
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 PARTED BY (GENERAL INFORMATION)
|
Name : |
Mr. Ayush Gupta |
|
Designation : |
Director |
|
Contact No.: |
91-9810322001 |
|
Date : |
01.06.2018 |
LOCATIONS
|
Registered Office : |
29/230, Railway Colony, Mandawali Fazalpur, Delhi – 110092, India |
|
Tel. No.: |
91-11-41563091 |
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Mobile No.: |
91-9810322001 (Mr. Ayush) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office : |
B - 15 / 23, Ground Floor, DLF City, Phase-I, Gurgaon - 122002,
Haryana, India |
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Tel. No.: |
91-124-4986630/ 4986646 |
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Fax No.: |
91-124-4986631 |
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E-Mail : |
|
|
|
|
|
Factory : |
F-122 and F-123, RIICO
Industrial Area, Chopanki, Bhiwadi, Rajasthan, India |
|
Area : |
45000 Sq. ft. |
DIRECTORS
As on 2018
|
Name : |
Mr. Ajay Kumar Gupta |
|
Designation : |
Director |
|
Address : |
F-37, Preet Vihar, Delhi – 110092, India |
|
Date of Birth/Age : |
18.09.1958 |
|
Date of Appointment : |
16.07.2007 |
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PAN No.: |
AAVPG9401C |
|
DIN No.: |
01656219 |
|
|
|
|
Name : |
Mr. Ayush Gupta |
|
Designation : |
Director |
|
Address : |
F-37, Preet Vihar, Delhi – 110092, India |
|
Date of Birth/Age : |
18.02.1985 |
|
Date of Appointment : |
16.07.2007 |
|
PAN No.: |
AHDPG5877H |
|
DIN No.: |
01649969 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Ajay Kumar Gupta |
|
12653250 |
|
Ayush Gupta |
|
5202200 |
|
Ajay Kumar Gupta and Sons HUF |
|
100 |
|
Seema Gupta |
|
118000 |
|
Dayawati |
|
74100 |
|
Onkar and Sons HUF |
|
100 |
|
Gold Stone Financial Services Private Limited, India |
|
100000 |
|
Magic Multiplier Financial Services Private Limited, India |
|
100000 |
|
Mega Tronix System Private Limited, India |
|
100000 |
|
Shree Ram Trade Link, India |
|
100000 |
|
Total |
|
18447750 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
96.79 |
|
Public – (Individual/ Hindu
Undivided Family – Indian |
1.58 |
|
Public - Bodies corporate |
1.63 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Subject is engaged in the Manufacturing and trading of Wires and Cables. (Registered activity and also Confirmed by management) |
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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 : |
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Selling : |
Advance Payment and L/C |
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Purchasing : |
Advance Payment and L/C |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users
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No. of Employees : |
250 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Raj Kumar and Associates Chartered Accountants |
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Address : |
L-7A, (LGF), South EXT., Part-2, New Delhi-110049, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFR9008B |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives |
U74899DL1994PTC063286 |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
INR 10/- each |
INR 200.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18447750 |
Equity Shares |
INR 10/- each |
INR 184.477
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 |
184.478 |
126.477 |
126.478 |
|
(b) Reserves and Surplus |
231.521 |
135.614 |
112.557 |
|
(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) |
415.999 |
262.091 |
239.035 |
|
|
|
|
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|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
77.592 |
210.319 |
115.609 |
|
(b) Deferred tax liabilities (Net) |
8.076 |
8.677 |
9.178 |
|
(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) |
85.668 |
218.996 |
124.787 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short-term
borrowings |
254.650 |
200.552 |
210.165 |
|
(b) Trade
payables |
548.982 |
371.695 |
306.192 |
|
(c) Other
current liabilities |
189.602 |
209.458 |
152.473 |
|
(d) Short-term
provisions |
21.402 |
13.775 |
20.436 |
|
Total Current
Liabilities (4) |
1014.636 |
795.480 |
689.266 |
|
|
|
|
|
|
TOTAL |
1516.303 |
1276.567 |
1053.088 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
83.680 |
92.889 |
101.392 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
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 loans and advances |
2.913 |
2.601 |
2.601 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
86.593 |
95.490 |
103.993 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
842.894 |
663.157 |
570.356 |
|
(c) Trade
receivables |
402.557 |
379.268 |
297.525 |
|
(d) Cash and
bank balances |
3.143 |
3.952 |
5.570 |
|
(e)
Short-term loans and advances |
95.763 |
69.386 |
15.210 |
|
(f) Other
current assets |
85.353 |
65.314 |
60.434 |
|
Total
Current Assets |
1429.710 |
1181.077 |
949.095 |
|
|
|
|
|
|
TOTAL |
1516.303 |
1276.567 |
1053.088 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1367.483 |
1209.762 |
1036.875 |
|
|
Other Income |
23.325 |
6.169 |
5.163 |
|
|
TOTAL |
1390.808 |
1215.931 |
1042.038 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1368.058 |
1141.482 |
980.139 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(153.708) |
(92.542) |
(100.255) |
|
|
Employee benefit expense |
15.347 |
15.878 |
16.113 |
|
|
Other expenses |
52.981 |
52.165 |
54.458 |
|
|
Extraordinary items before tax |
(0.296) |
0.000 |
0.000 |
|
|
TOTAL |
1282.382 |
1116.983 |
950.455 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
108.426 |
98.948 |
91.583 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
61.729 |
59.234 |
59.304 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
46.697 |
39.714 |
32.279 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
9.568 |
10.173 |
10.144 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
37.129 |
29.541 |
22.135 |
|
|
|
|
|
|
|
Less |
TAX |
7.400 |
6.484 |
4.934 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
29.729 |
23.057 |
17.201 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
2.00 |
1.82 |
1.36 |
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 |
|
Net cash flows from (used in) operations |
73.168 |
(34.468) |
(10.404) |
|
Net cash flows from (used in) operating activities |
64.795 |
(40.938) |
(15.236) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
107.45 |
114.43 |
104.73 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.40 |
3.19 |
3.49 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
146.47 |
118.85 |
114.02 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.13 |
0.15 |
0.16 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.30 |
1.07 |
0.90 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.72 |
0.79 |
0.76 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.80 |
1.57 |
1.36 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.44 |
3.04 |
2.88 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.20 |
0.35 |
0.42 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.76 |
1.67 |
1.54 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
2.17 |
1.91 |
1.66 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.96 |
1.81 |
1.63 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
7.15 |
8.80 |
7.20 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.41 |
1.48 |
1.38 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.58 |
0.65 |
0.55 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.27 |
0.21 |
0.23 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1.80 |
3.25 |
2.58 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.41 |
1.48 |
1.38 |
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 |
126.478 |
126.477 |
184.478 |
|
Reserves & Surplus |
112.557 |
135.614 |
231.521 |
|
Net
worth |
239.035 |
262.091 |
415.999 |
|
|
|
|
|
|
Long-term borrowings |
115.609 |
210.319 |
77.592 |
|
Short term borrowings |
210.165 |
200.552 |
254.650 |
|
Total
borrowings |
325.774 |
410.871 |
332.242 |
|
Debt/Equity
ratio |
1.363 |
1.568 |
0.799 |
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 |
1036.875 |
1209.762 |
1367.483 |
|
|
0.000 |
16.674 |
13.037 |
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 |
1036.875 |
1209.762 |
1367.483 |
|
Profit/ (Loss) |
17.201 |
23.057 |
29.729 |
|
|
1.66
% |
1.91
% |
2.17
% |
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 |
Yes |
|
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 |
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 |
Yes |
|
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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
Note: Registered office
of the company has been shifted from H.N-898, Sector – 4, Gurugram, Haryana,
India to the present address w.e.f. 18.10.2007.
OPERATIONS AND
BUSINESS OF THE COMPANY
The Company is engaged in the manufacturing of Cables. There has been no change in the business of the Company during the financial year ended 31st March, 2017.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from banks |
0.275 |
1.587 |
|
Rupee term loans from others |
0.236 |
1.370 |
|
Loans and advances from directors |
25.687 |
147.627 |
|
Loans and advances from others |
49.431 |
48.969 |
|
Total |
75.629 |
199.553 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
C75773689 |
10612874 |
State Bank of Bikaner & Jaipur |
01/01/2016 |
- |
- |
520000.0 |
F-2/17-18 Krishna Nagar, Delhi – 110051, India |
|
2 |
G50645746 |
10250883 |
State Bank of India |
25/09/2010 |
21/06/2017 |
- |
550000000.0 |
Bank Street Krishna Nagar, Shahdra, Delhi – 301019, Idnia |
|
3 |
B06449060 |
10107360 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
23/06/2008 |
06/08/2010 |
21/03/2011 |
131000000.0 |
UDYOG MINAR (GROUND FLOOR), VANIJYA NIKUNJ, UDYOG VIHAR PHASE - V, GURUGRAM – 122016, HARYANA, INDIA |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Guarantees |
61.619 |
186.660 |
|
Other money for which company is contingently liable |
241.484 |
115.616 |
FIXED ASSETS
- Land
- Buildings
- Factory building
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Computer equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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 67.62 |
|
|
1 |
INR 89.70 |
|
Euro |
1 |
INR 78.19 |
INFORMATION DETAILS
|
Information
Gathered by : |
STL |
|
|
|
|
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.