|
|
|
MIRA INFORM REPORT
|
Report No. : |
495768 |
|
Report Date : |
09.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
AMBASHAKTI UDYOG LIMITED |
|
|
|
|
Registered
Office : |
M-84, 1st Floor, Greater Kailash, Part-II, New Delhi –
110048 |
|
Tel. No.: |
91-11-41576000 / 40564770 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
18.03.2014 |
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|
|
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Com. Reg. No.: |
55-266460 |
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|
|
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Capital
Investment / Paid-up Capital : |
INR 300.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27106DL2014PLC266460 |
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|
|
|
IEC No.: [Import-Export Code No.] |
0514007451 |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
07AAMCA5657N1Z0 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAMCA5657N |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturing, trading and importing of iron and steel items. [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 |
|
Maximum Credit Limit : |
USD 970000 |
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|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Slow but correct |
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|
|
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Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 2014. It is engaged as manufacturing, trading and importing of iron and steel items. For the financial year 2017, the company has achieved decent growth in its revenue as compared to its previous year but has registered very thin profit margin. Rating takes into consideration, the satisfactory financial risk
profile marked by average networth base and comfortable gearing level. However, these rating strengths gets partially offset by average
reserve level and thin profitability margins due to high working capital
intensive nature of operations and susceptibility of its profitability to volatile
raw material cost. Payments seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. NOTE: As claimed by
Mr. Alok Goel (General Finance Manager) claimed that subject has started its
commercial activity from 2nd December 2015. |
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
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 09.03.2018
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 PARTED BY
|
Name : |
Mr. Alok Goel |
|
Designation : |
General Finance Manager |
|
Contact No.: |
91-7049922708 |
|
Date : |
06.03.2018 |
LOCATIONS
|
Registered Office : |
M-84, 1st Floor, Greater Kailash, Part-II, New Delhi –
110048, India |
|
Tel. No.: |
91-11-41576000 / 40564770 |
|
Mobile No.: |
91-7049922708 (Mr. Alok Goel) |
|
Fax No.: |
91-11-40564779 |
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E-Mail : |
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|
Website : |
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|
|
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Factory : |
Plot No.44 and 47, A.B. Road, Banmore Industrial Area, Banmor –
476444, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Surender Kumar Goel |
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|
Designation : |
Director |
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|
Address : |
B-22, S/F, Greater Kailash-1, New Delhi – 110048, India |
||||||||||||||||||||||||||||
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Date of Birth/Age : |
10.08.1941 |
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Date of Appointment : |
18.03.2014 |
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DIN No.: |
00185219 |
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Other Directorship:
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||||||||||||||||||||||||||||
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Name : |
Mr. Sanjeev Kumar Gupta |
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Designation : |
Director |
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Address : |
Near Transport Nagar, A.B. Road, Gwalior – 474010, Madhya Pradesh,
India |
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Date of Birth/Age : |
15.03.1967 |
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Date of Appointment : |
30.09.2014 |
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DIN No.: |
01739919 |
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Other Directorship:
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||||||||||||||||||||||||||||
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Name : |
Mr. Akshat Goel |
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Designation : |
Director |
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Address : |
B-22, Greater Kailash-I, New Delhi – 110048, India |
||||||||||||||||||||||||||||
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Date of Birth/Age : |
04.07.1991 |
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Date of Appointment : |
01.04.2017 |
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DIN No.: |
06560275 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Alok Goel |
|
Designation : |
General Finance Manager |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Kamal Goel |
|
3872500 |
|
Surendra Kumar Goel |
|
1805000 |
|
Akshat Goel |
|
2205000 |
|
Reena Goel |
|
2032500 |
|
Dhruv Goel |
|
5000 |
|
Kiran Mala Goel |
|
5000 |
|
Anirudh Windlas |
|
5000 |
|
Sanjeev Gupta |
|
6875000 |
|
Orris Trade-Link Private Limited, India |
|
5405000 |
|
Vishnupriya Traders Private Limited, India |
|
5350000 |
|
Priti Garg |
|
60000 |
|
Sudhir Garg |
|
230000 |
|
Swarn Lata |
|
246000 |
|
Saurab Garg |
|
60000 |
|
Shalabh Garg |
|
174000 |
|
Pallavi Garg |
|
70000 |
|
Amsa Iron and Steel Company Limited |
|
1600000 |
|
|
|
|
|
Total |
|
30000000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 25.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
36.28 |
|
Public/Other than promoters
[Individual/Hindu Undivided Family (Indian)] |
22.69 |
|
Public/Other than promoters [Body corporate] |
41.03 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, trading and importing of iron and steel items. [Registered activity and also confirmed by management] |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
L/C, Credit and Others (RTGS) |
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Purchasing : |
L/C, Credit and Others (RTGS) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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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 : |
A Jain Agarwal and Company Chartered Accountants |
|
Address : |
203/17, Sadar Bazar, Upper Storey, Muzaffarnagar – 251001, Uttar Pradesh,
India |
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Tel. No.: |
91-131-2437493/ 2436685 |
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E-Mail : |
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PAN No.: |
AAMFA6693H |
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|
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Related Parties : |
· Durga Ispat Private Limited · Amba Shakti Ispat Limited · Amba Shakti Ispat Limited · Amba Iron and Steel Company Limited |
CAPITAL STRUCTURE
AS ON 25.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
31000000 |
Equity Shares |
INR 10/- each |
INR 310.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
INR 10/- each |
INR 300.000 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 |
300.000 |
300.000 |
225.000 |
|
(b) Reserves & Surplus |
40.138 |
17.667 |
(0.135) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
15.000 |
|
Total Shareholders’
Funds (1) + (2) |
340.138 |
317.667 |
239.865 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
555.363 |
514.560 |
52.169 |
|
(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 |
1.705 |
0.762 |
0.000 |
|
Total Non-current
Liabilities (3) |
557.068 |
515.322 |
52.169 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
280.845 |
283.752 |
16.016 |
|
(b) Trade
payables |
179.838 |
94.396 |
0.023 |
|
(c) Other
current liabilities |
121.646 |
74.571 |
4.540 |
|
(d) Short-term
provisions |
16.244 |
13.002 |
0.183 |
|
Total Current
Liabilities (4) |
598.573 |
465.721 |
20.762 |
|
|
|
|
|
|
TOTAL |
1495.779 |
1298.710 |
312.796 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
634.880 |
693.458 |
72.238 |
|
(ii) Intangible
Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
122.641 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
6.687 |
|
(b) Non-current Investments |
0.000 |
16.595 |
0.000 |
|
(c) Deferred tax assets (net) |
16.486 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
77.609 |
77.804 |
58.287 |
|
(e) Other
Non-current assets |
18.533 |
12.997 |
34.938 |
|
Total Non-Current
Assets |
747.508 |
800.854 |
294.791 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
196.336 |
219.797 |
0.000 |
|
(c) Trade
receivables |
245.605 |
118.977 |
0.000 |
|
(d) Cash
and cash equivalents |
20.550 |
50.925 |
12.054 |
|
(e) Short-term
loans and advances |
199.006 |
42.953 |
0.000 |
|
(f) Other
current assets |
86.774 |
65.204 |
5.951 |
|
Total
Current Assets |
748.271 |
497.856 |
18.005 |
|
|
|
|
|
|
TOTAL |
1495.779 |
1298.710 |
312.796 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3175.690 |
534.422 |
0.000 |
|
|
|
Other Income |
95.758 |
3.122 |
0.874 |
|
|
|
TOTAL |
3271.448 |
537.544 |
0.874 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
2074.354 |
417.348 |
0.000 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(3.830) |
(76.222) |
0.000 |
|
|
|
Employee Benefits Expenses |
29.516 |
6.596 |
0.060 |
|
|
|
Other Expenses |
952.924 |
149.228 |
0.373 |
|
|
|
TOTAL |
3052.964 |
496.950 |
0.433 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
218.484 |
40.594 |
0.441 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
52.493 |
19.446 |
0.105 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
165.991 |
21.148 |
0.336 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
143.410 |
20.144 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
22.581 |
1.004 |
0.336 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.110 |
(16.797) |
0.270 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
22.471 |
17.801 |
0.066 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (INR) |
0.75 |
0.66 |
0.01 |
|
Expected Sales (2017-2018): INR 4000.000 Million
The above information has been parted by Mr. Alok Goel (General Finance
Manager)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
31.273 |
25.677 |
0.543 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
13.109 |
(266.698) |
(94.096) |
|
Net cash flows from (used in) operating activities |
13.109 |
(266.900) |
(94.367) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
28.23 |
81.26 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
12.93 |
4.49 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
31.64 |
82.56 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.11 |
0.18 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.34 |
0.06 |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.79 |
0.77 |
0.23 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.55 |
2.59 |
0.29 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.76 |
1.47 |
0.09 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.87 |
2.18 |
0.84 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
4.16 |
2.09 |
4.20 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
0.71 |
3.33 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.50 |
1.37 |
0.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
6.61 |
5.60 |
0.03 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.25 |
1.07 |
0.87 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.92 |
0.60 |
0.87 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.23 |
0.24 |
0.77 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
2.89 |
2.75 |
0.31 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.25 |
1.07 |
0.87 |
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 |
225.000 |
300.000 |
300.000 |
|
Reserves & Surplus |
(0.135) |
17.667 |
40.138 |
|
Share Application money pending allotment |
15.000 |
0.000 |
0.000 |
|
Net
worth |
239.865 |
317.667 |
340.138 |
|
|
|
|
|
|
Long Term borrowings |
52.169 |
514.560 |
555.363 |
|
Short Term borrowings |
16.016 |
283.752 |
280.845 |
|
Current maturities of long term debt |
0.543 |
25.677 |
31.273 |
|
Total
borrowings |
68.728 |
823.989 |
867.481 |
|
Debt/Equity
ratio |
0.287 |
2.594 |
2.550 |
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 |
|
Total
Income |
0.874 |
537.544 |
3271.448 |
|
|
|
61,403.890 |
508.592 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Total
Income |
0.874 |
537.544 |
3271.448 |
|
Profit/(Loss) |
0.066 |
17.801 |
22.471 |
|
|
7.55% |
3.31% |
0.69% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
Yes |
|
29 |
Profitability for last three 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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
358.586 |
290.325 |
|
|
|
|
|
Total |
358.586 |
290.325 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C76876291 |
10615468 |
UCO BANK |
18/12/2015 |
- |
- |
500000.0 |
CHHATRI BAZARLASHKAR GWALIOR MP474001IN |
|
2 |
G56951635 |
10583245 |
ORIENTAL BANK OF COMMERCE |
13/07/2015 |
16/10/2017 |
- |
350000000.0 |
13-B,NEW MANDIMUZAFFARNAGARMP476444IN |
|
3 |
G56953730 |
10583242 |
ORIENTAL BANK OF COMMERCE |
13/07/2015 |
16/10/2017 |
- |
512500000.0 |
13-B,NEW MANDIMUZAFFARNAGAR MP476444IN |
|
4 |
C14940761 |
10512742 |
UCO BANK |
19/07/2014 |
- |
- |
580000.0 |
CHARTI BAZARLASHKAR GWALIOR MP474001IN |
|
5 |
C11769973 |
10509644 |
UCO BANK |
03/07/2014 |
- |
- |
580000.0 |
CHARTI BAZAR LASHKAR GWALIOR MP474001IN |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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 64.92 |
|
|
1 |
INR 90.23 |
|
Euro |
1 |
INR 80.54 |
INFORMATION DETAILS
|
Information Gathered
by : |
SHK |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
NKT |
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.