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|
%20PRIVATE%20LIMITED%20-%20498387%2016-Mar-2018_files/image015.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20498387%2016-Mar-2018_files/image016.jpg)
%20PRIVATE%20LIMITED%20-%20498387%2016-Mar-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
498387 |
|
Report Date : |
16.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
SNEHA GRAPHICS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
H No. 3/6/500, Street No: 6, Himayat Nagar, Hyderabad – 500029, Telangana |
|
Tel. No.: |
91-40-27600093 / 27670093 / 27645439 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation
: |
28.10.2005 |
|
|
|
|
Com. Reg. No.: |
36-047932 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 5.027 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24220TG2005PTC047932 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAJCS8060N |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
36AAJCS8060N1ZP |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Company is engaged in the Trading of Printing Materials. (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 was incorporated in the year 2005 and it is having
satisfactory track records. For the financial year 2017, the company has increased its revenue
from operations as compared to previous year and maintained minimal profit
margin of 0.99%. Rating takes into consideration sound financial profile of the company
marked by adequate net worth base and low debt balance sheet. Further, rating also reflects company’s improvement in the revenue as
well as profitability profile during the year. However, rating strength is partially offset by low profitability
margin during the year. Trade relations are reported as fair. Business active. Payments are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and condition. |
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 16.03.2018
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
MANAGEMENT NON-COOPERATIVE (TEL No.:91-40-27600093 / 27670093)
LOCATIONS
|
Registered Office : |
H No. 3/6/500, Street No: 6, Himayat Nagar, Hyderabad – 500029, Telangana, India |
|
Tel. No.: |
91-40-27600093 / 27670093 / 27645439 |
|
Fax No.: |
91-40-27645438 |
|
E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Sri Hari Raju Penmatsa |
|
Designation : |
Director |
|
Address : |
Plot No. 87, Road No. 10 C, MLAS And MPS Colony, Jubilee Hills, Hyderabad – 500033, Telangana, India |
|
Date of Appointment : |
28.10.2005 |
|
DIN No.: |
00893023 |
|
|
|
|
Name : |
Mr. Venkata Rama Lakshmi Penmetsa |
|
Designation : |
Director |
|
Address : |
Plot No. 87, Road No. 10 C, MLAS And MPS Colony, Jubilee Hills, Hyderabad – 500033, Telangana, India |
|
Date of Appointment : |
28.10.2005 |
|
DIN No.: |
02123518 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
%age of holding |
|
Sri Hari Raju Penmatsa |
139700 |
27.79 |
|
Venkata Rama Lakshmi Penmetsa |
363000 |
72.21 |
|
|
|
|
|
Total |
502700 |
100.00 |
%20PRIVATE%20LIMITED%20-%20498387%2016-Mar-2018_files/image020.gif)
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Company is engaged in the Trading of Printing Materials. (Registered
activity) |
||||||
|
|
|
||||||
|
Products : |
|
||||||
|
|
|
||||||
|
Brand Names : |
Not Divulged |
||||||
|
|
|
||||||
|
Agencies Held : |
Not Divulged |
||||||
|
|
|
||||||
|
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 : |
NOTE : SHORT-TERM
BORROWINGS RP. Branch is secured by present and future finished goods of the Company and further secured by personal guarantee of promoter Directors. |
|
Auditors : |
|
|
Name : |
Mathesh and Ramana Chartered Accountants |
|
Address : |
3-6-145, Himayatnagar, Hyderabad – 500029, Telangana, India |
|
Tel. No.: |
91-40-23221822 / 23226993 / 23222863 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFM8793L |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000 |
Equity Shares |
INR 10/- each |
INR 6.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
502700 |
Equity Shares |
INR 10/- each |
INR 5.027
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 |
5.027 |
5.027 |
5.027 |
|
(b) Reserves &
Surplus |
26.432 |
24.637 |
23.914 |
|
(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) |
31.459 |
29.664 |
28.941 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.894 |
2.216 |
2.942 |
|
(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) |
0.894 |
2.216 |
2.942 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
11.198 |
7.403 |
4.357 |
|
(b) Trade payables |
29.505 |
22.874 |
17.620 |
|
(c) Other current liabilities |
5.741 |
6.992 |
5.260 |
|
(d) Short-term provisions |
0.273 |
0.090 |
0.116 |
|
Total Current Liabilities
(4) |
46.717 |
37.359 |
27.353 |
|
|
|
|
|
|
TOTAL |
79.070 |
69.239 |
59.236 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
8.269 |
8.767 |
9.931 |
|
(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 |
0.300 |
4.300 |
4.300 |
|
(c) Deferred tax assets
(net) |
1.986 |
1.672 |
1.310 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
10.555 |
14.739 |
15.541 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1.774 |
1.957 |
2.299 |
|
(c) Trade receivables |
57.061 |
39.777 |
31.618 |
|
(d) Cash and cash
equivalents |
4.159 |
6.405 |
3.611 |
|
(e) Short-term loans and
advances |
4.642 |
3.678 |
2.236 |
|
(f) Other current assets |
0.879 |
2.683 |
3.931 |
|
Total Current Assets |
68.515 |
54.500 |
43.695 |
|
|
|
|
|
|
TOTAL |
79.070 |
69.239 |
59.236 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
181.767 |
150.479 |
110.460 |
|
|
Other Income |
4.848 |
6.506 |
7.497 |
|
|
TOTAL |
186.615 |
156.985 |
117.957 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
154.915 |
132.190 |
93.820 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.183 |
0.342 |
1.678 |
|
|
Employees benefits
expense |
8.298 |
6.903 |
5.383 |
|
|
Other expenses |
13.244 |
9.787 |
8.327 |
|
|
TOTAL |
176.640 |
149.222 |
109.208 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
9.975 |
7.763 |
8.749 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
4.181 |
3.498 |
3.336 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
5.794 |
4.265 |
5.413 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION
|
3.145 |
3.171 |
4.636 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
2.649 |
1.094 |
0.777 |
|
|
|
|
|
|
|
Less |
TAX |
0.854 |
0.371 |
0.035 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
1.795 |
0.723 |
0.742 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
3.57 |
1.44 |
1.48 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
1.318 |
1.008 |
0.640 |
|
Cash generated from operations |
2.805 |
9.492 |
17.274 |
|
Net cash flow from operating activity |
(2.544) |
5.262 |
12.909 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average
Collection Days (Sundry Debtors / Income * 365 Days) |
114.58 |
96.48 |
104.48 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.19 |
3.78 |
3.49 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
69.52 |
63.16 |
68.55 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
5.62 |
3.97 |
3.81 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.21 |
0.89 |
0.88 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets) |
0.62 |
0.59 |
0.52 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.43 |
0.36 |
0.27 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
1.49 |
1.26 |
0.95 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.26 |
0.30 |
0.34 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.39 |
2.22 |
2.62 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
((PAT / Sales) * 100) |
% |
0.99 |
0.48 |
0.67 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
2.27 |
1.04 |
1.25 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
5.71 |
2.44 |
2.56 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.47 |
1.46 |
1.60 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.43 |
1.41 |
1.51 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.40 |
0.43 |
0.49 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
2.67 |
2.11 |
1.58 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.47 |
1.46 |
1.60 |
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 |
5.027 |
5.027 |
5.027 |
|
Reserves & Surplus |
23.914 |
24.637 |
26.432 |
|
Net
worth |
28.941 |
29.664 |
31.459 |
|
|
|
|
|
|
Long Term borrowings |
2.942 |
2.216 |
0.894 |
|
Short Term borrowings |
4.357 |
7.403 |
11.198 |
|
Current Maturities of Long term debt |
0.640 |
1.008 |
1.318 |
|
Total
borrowings |
7.939 |
10.627 |
13.410 |
|
Debt/Equity
ratio |
0.274 |
0.358 |
0.426 |
%20PRIVATE%20LIMITED%20-%20498387%2016-Mar-2018_files/image022.gif)
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
|
110.460 |
150.479 |
181.767 |
|
|
|
36.229 |
20.792 |
%20PRIVATE%20LIMITED%20-%20498387%2016-Mar-2018_files/image024.gif)
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
|
110.460 |
150.479 |
181.767 |
|
Profit |
0.742 |
0.723 |
1.795 |
|
|
0.67% |
0.48% |
0.99% |
%20PRIVATE%20LIMITED%20-%20498387%2016-Mar-2018_files/image026.gif)
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
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 |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE
INFORMATION:
The Company was incorporated on 28th October, 2005 and the CIN being U24220TG2005PTC047932. The company is engaged in the trading of printing materials.
OPERATION /
PERFORMANCE:
During the year the company has earned INR 186.615 Million as gross income and a profit after tax of INR 1.795 Million.
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C15260573 |
10513244 |
CANARA BANK |
26/03/2014 |
- |
- |
3600000.0 |
Rashtra Pathi Road, Secunderabad – 500003, Telangana, India |
|
2 |
C15262314 |
10513245 |
CANARA BANK |
07/02/2014 |
- |
- |
1150000.0 |
Rashtra Pathi Road, Secunderabad – 500003, Telangana, India |
|
3 |
G41015868 |
10152665 |
Canara Bank |
31/03/2009 |
31/03/2017 |
- |
50000000.0 |
Specialised MID Corporate Branch, R.P Road, Secunderabad – 500003, Telangana, India |
FIXED ASSETS
- Furniture
- Hundai
- Honda Activa(SCVII0D)
- Air Conditioner
- Computers
- Generator
- Office Equipment
- Printers
- Traveler Delivery Van
- Mercedez Benz
- AudiQ5
- Honda City
- Data Logger
- UPS
- Interior Decoration
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No 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 64.99 |
|
|
1 |
INR 90.83 |
|
Euro |
1 |
INR 80.58 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
Report Prepared
by : |
KJL |
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.