|
|
|
MIRA INFORM REPORT
|
Report No. : |
494900 |
|
Report Date : |
06.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
GASGEN FERRO ALLOYS LLP |
|
|
|
|
Registered
Office : |
Lohia House, M.G. Road, Fancy Bazar, Guwahati – 781001, Assam |
|
Mobile No.: |
91-7002052141 (Mr. Shantanu Sharma) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
07.12.2010 |
|
|
|
|
Total Obligation
of Contribution: |
INR 85.522 Million |
|
|
|
|
LLPIN No.: |
AAA-3005 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAJFG6392G |
|
|
|
|
GSTN : [Goods & Service Tax Registration
No.] |
Not Divulged |
|
|
|
|
Legal Form : |
Limited Liability Partnership |
|
|
|
|
Line of Business
: |
To set up or acquire steel plants, mini steel plants, continuous
casting and rolling mill plants and all ancillary processing facilities
processing facilities for producing steel and alloys steel ingots, billets,
flat angles, coil rounds, plates, bars and metals and alloys of all shapes
and sizes and metal and alloy goods of every size and description.
(Registered Activity) |
|
|
|
|
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 |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a limited lability partnership firm started in the year 2010 and it is having satisfactory track records. For the financial year 2017, the firm has registered decrease in its revenue from operations as compared to previous year but maintained average profit margin of 3.63%. Rating takes into consideration firm’s sound financial profile along with adequate capital base and low debt balance sheet. Further the firm also derives support from experienced promoters along with long standing track records of business operations. However, rating strength is partially offset by profitability susceptible to volatility in input prices and working capital intensive nature of operations. Trade relations are fair. Business is active. Payments are seems to be usually correct. In view of the aforesaid, the firm can be considering 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 (30.09.2017) |
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 |
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 06.03.2018
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. Shantanu Sharma |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-7002052141 |
|
Date : |
01.03.2018 |
LOCATIONS
|
Registered Office : |
Lohia House, M.G. Road, Fancy Bazar, Guwahati – 781001, Assam, India |
|
Tel. No.: |
91-361-7191700/ 2603671/ 2603670 |
|
Mobile No.: |
91-7002052141 (Mr. Shantanu Sharma) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Subham Velocity, 2nd Floor, Above Passport Seva Kendra Honu Ram Boro
Path, G.S. Road, Guwahati – 781005, Assam, India |
|
|
|
|
Plant Address : |
Industrial Growth Centre, College Road, P.O-Duliajan, District: Dibrugarh - 786602, Assam, India |
PARTNERS
As on 31.03.2017
|
Name : |
Mr. Rahul Lohia |
||||||||||||
|
Designation : |
Designated Partner |
||||||||||||
|
Address : |
Maitri Kunj N.S. Road, Fatasil, Guwahati – 781009, Assam, India |
||||||||||||
|
Date of Appointment : |
07.12.2010 |
||||||||||||
|
DPIN No. : |
00290500 |
||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Bajrang Lohia |
||||||||||||
|
Designation : |
Designated Partner |
||||||||||||
|
Address : |
Lohia House, 2nd Floor M.G. Road, Fancy Bazar, Guwahati – 781001, Assam, India |
||||||||||||
|
Date of Appointment : |
07.12.2010 |
||||||||||||
|
DPIN No. : |
00290684 |
||||||||||||
|
Other Directorship :
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Chiranjeet Baruah |
||||||||||||
|
Designation : |
Designated Partner |
||||||||||||
|
Address : |
Opposite Block 12, Chiring Gaon, Rly Colony, P.O.C.R. Building, Dibrugarh – 786003, Assam, India |
||||||||||||
|
Date of Appointment : |
07.12.2010 |
||||||||||||
|
DPIN No. : |
00829139 |
||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Jugal Kishore Mahanta |
||||||||||||
|
Designation : |
Designated Partner |
||||||||||||
|
Address : |
D-3, Usha Court R.G.B. Road, P.O. Bamunimaidan, Guwahati – 781021, Assam, India |
||||||||||||
|
Date of Appointment : |
07.12.2010 |
||||||||||||
|
DPIN No. : |
00829527 |
||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Hridayananda Konwar Hridayananda |
||||||||||||
|
Designation : |
Body Corporate DP Nominee |
||||||||||||
|
Address : |
S.G.Commercial Complex, R.N.C. Path, Dibrugarh – 786001, Assam, India |
||||||||||||
|
Date of Appointment : |
02.03.2013 |
||||||||||||
|
DPIN No. : |
00622402 |
||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Shantanu Sharma |
|
Designation : |
Chief Executive Officer |
CONTRIBUTION DETAILS
As on 2017
|
Names of Persons |
INR In Million |
|
Jugal Kishore Mahanta |
1.000 |
|
Chiranjeet Baruah |
1.000 |
|
Bajrang Lohia |
50.000 |
|
Rahul Lohia |
50.000 |
|
N E Thermion Private Limited |
8.100 |
|
Total |
110.100 |
BUSINESS DETAILS
|
Line of Business : |
To set up or acquire steel plants, mini steel plants, continuous
casting and rolling mill plants and all ancillary processing facilities processing
facilities for producing steel and alloys steel ingots, billets, flat angles,
coil rounds, plates, bars and metals and alloys of all shapes and sizes and
metal and alloy goods of every size and description. (Registered Activity) |
|
|
|
|
Products/ Services : |
-- |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Khaitaan Agarwal and Company Chartered Accountants |
|
Address : |
Guwahati, Assam, India |
|
M.No.: |
058080 |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 31.03.2017
PARTNERS
CAPITAL
|
PARTICULARS |
INR Million |
|
Bajrang Lohia |
33.152 |
|
Chiranjeet Baruah |
4.391 |
|
Jugal Kishore Mahanta |
5.760 |
|
N.E. Thermion Private Limited |
11.509 |
|
Rahul Lohia |
30.710 |
|
Total |
85.522 |
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) CAPITAL ACCOUNT |
|
|
|
|
(a) Partner's Capital |
85.522 |
82.650 |
76.142 |
|
(b) Reserves &
Surplus |
0.000 |
0.000 |
0.000 |
|
(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) |
85.522 |
82.650 |
76.142 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
10.593 |
36.337 |
58.582 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
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) |
10.593 |
36.337 |
58.582 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
21.906 |
18.808 |
12.078 |
|
(b) Trade payables |
11.353 |
11.718 |
15.486 |
|
(c) Other current
liabilities |
26.917 |
24.054 |
27.145 |
|
(d) Short-term provisions |
0.044 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
60.220 |
54.580 |
54.709 |
|
|
|
|
|
|
TOTAL |
156.335 |
173.567 |
189.433 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
110.597 |
128.652 |
150.064 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.278 |
0.218 |
0.218 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
111.875 |
128.870 |
150.282 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
23.362 |
15.312 |
25.259 |
|
(c) Trade receivables |
5.071 |
12.714 |
5.151 |
|
(d) Cash and cash
equivalents |
1.919 |
2.735 |
2.068 |
|
(e) Short-term loans and
advances |
1.284 |
0.500 |
0.541 |
|
(f) Other current assets |
12.824 |
13.436 |
6.132 |
|
Total Current Assets |
44.460 |
44.697 |
39.151 |
|
|
|
|
|
|
TOTAL |
156.335 |
173.567 |
189.433 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
149.523 |
174.303 |
181.637 |
|
|
Other Income |
0.090 |
1.203 |
0.187 |
|
|
TOTAL |
149.613 |
175.506 |
181.824 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
43.750 |
74.719 |
59.928 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(0.429) |
1.944 |
1.002 |
|
|
Employees benefits
expense |
6.984 |
4.501 |
4.972 |
|
|
Other expenses |
67.104 |
58.028 |
52.006 |
|
|
Prior Period Expenses/(Income) |
0.000 |
(8.557) |
0.000 |
|
|
TOTAL |
117.409 |
130.635 |
117.908 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
32.204 |
44.871 |
63.916 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
7.951 |
10.302 |
14.036 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
24.253 |
34.569 |
49.880 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
18.821 |
21.961 |
25.592 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
5.432 |
12.608 |
24.288 |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
5.432 |
12.608 |
24.288 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
24.141 |
22.565 |
22.145 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operation |
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) |
12.38 |
26.62 |
10.35 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
29.49 |
13.71 |
35.26 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
94.72 |
57.24 |
94.32 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.38 |
2.93 |
2.53 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.29 |
0.35 |
0.43 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.61 |
0.65 |
0.71 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.66 |
0.94 |
1.22 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.70 |
0.66 |
0.72 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.29 |
1.56 |
1.97 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
4.05 |
4.36 |
4.55 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
3.63 |
7.23 |
13.37 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.47 |
7.26 |
12.82 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
6.35 |
15.25 |
31.90 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.74 |
0.82 |
0.72 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.35 |
0.54 |
0.25 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.55 |
0.48 |
0.40 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.66 |
0.94 |
1.22 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.74 |
0.82 |
0.72 |
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 |
|
Partner’s Capital |
76.142 |
82.650 |
85.522 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
76.142 |
82.650 |
85.522 |
|
|
|
|
|
|
long-term borrowings |
58.582 |
36.337 |
10.593 |
|
Short term borrowings |
12.078 |
18.808 |
21.906 |
|
Current Maturities of Long
term debt |
22.145 |
22.565 |
24.141 |
|
Total borrowings |
92.805 |
77.710 |
56.640 |
|
Debt/Equity ratio |
1.219 |
0.940 |
0.662 |
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 |
181.637 |
174.303 |
149.523 |
|
|
|
(4.038) |
(14.217) |
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 |
181.637 |
174.303 |
149.523 |
|
Profit |
24.288 |
12.608 |
5.432 |
|
|
13.37% |
7.23% |
3.63% |
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 |
No |
|
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 |
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 three years |
Yes |
|
30] |
Major shareholders, if available |
No |
|
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 |
INDEX
OF CHARGES
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
M05274261 |
10358747 |
STATE BANK OF INDIA |
26/03/2011 |
25/09/2017 |
- |
2400000.0 |
COMMERCIAL BRANCH, BEE KAY TOWER, 2ND FLOOR, GANESHGURI GUWAHATI Kamrup ASSAM 781006 INDIA |
|
2 |
M05409776 |
10587151 |
State Bank Of India |
28/07/2015 |
- |
06/11/2017 |
400000.0 |
Commercial Branch, 3rd Floor, Swagota Square ABC, G.S Road Guwahati Kamrup ASSAM 781005 INDIA |
FIXED ASSETS
- Building and Civil Work
- Plant and Machinery
- Electric Installation
- Printer
- Motor Vehicles
- Computers
- Furniture and Fixture
- Tools and Impliments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON DESIGNATED
PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or investigation
registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 65.05 |
|
|
1 |
INR 89.69 |
|
Euro |
1 |
INR 80.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
SUD |
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.