|
|
|
MIRA INFORM REPORT
|
Report No. : |
499439 |
|
Report Date : |
22.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
CAMCO MULTI
METAL LIMITED (w.e.f 07.03.2007) |
|
|
|
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Formerly Known
As : |
CENTURY NF CASTINGS LIMITED |
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Registered
Office : |
Sunder Lal Jain Charitable Eye
Hospital, Sadar Thana Road, Paharganj, New Delhi - 110055 |
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Tel. No.: |
91-129-3058000 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
24.05.2001 |
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Com. Reg. No.: |
55-110969 |
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Capital
Investment / Paid-up Capital : |
INR 0.510 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U27320DL2001PLC110969 |
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IEC No.: |
0507018494 |
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GSTIN: |
07AABCC8223D1Z2 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCC8223D |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Trading of Aluminium and Zinc Alloy.(Registered Activity) |
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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 : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Maximum Credit Limit : |
USD 40000 |
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|
|
|
Status : |
Moderate |
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Payment Behaviour : |
Slow and delayed |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2001. It is a trader of aluminium and zinc alloy. As per the financial records of 2017, the company has reported a
decline in its revenue as compared to the previous year but has reported
minimal net profit margin of 0.02%. The company has sufficient networth base along with average liquidity
position. Rating is constrained on account of high debt balance sheet profile. Business is active. Payment seems to be slow and delayed. In view of aforesaid, the company can be considered for business
dealings with some caution. |
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 22.03.2018
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. Nitin Tyagi |
|
Designation : |
Manager of Import |
|
Contact No.: |
91-9811999067 |
|
Date : |
21.03.2018 |
LOCATIONS
|
Registered Office : |
Sunder Lal Jain Charitable Eye
Hospital, Sadar Thana Road, Paharganj, New Delhi – 110055, India |
|
Tel. No.: |
91-11-23551613 |
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Mobile No.: |
91-9811999067 (Mr. Nitin Tyagi) |
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Fax No.: |
91-11-23551613 |
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E-Mail : |
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Administrative Office : |
Plot No.1, Sector 25, Faridabad-121004, Haryana, India |
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Tel. No.: |
91-129-3058000 |
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Branch Office / Godown : |
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DIRECTORS
AS ON 29.09.2017
|
Name : |
Mr. Vikram Jhunjhunwala |
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Designation : |
Director |
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|
Address : |
9, Pretoria Street, Kolkata - 700071, West Bengal, India |
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Date of Birth/Age : |
05.05.1965 |
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Date of Appointment : |
30.11.2006 |
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DIN No.: |
00169833 |
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Other Directorship:
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Name : |
Sumana Raychaudhuri |
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Designation : |
Director |
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Address : |
215/N, Barisha Bhuban Mohan Roy Road, Kolkata – 700008,
West Bengal, India |
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Date of Appointment : |
31.03.2015 |
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DIN No.: |
07308451 |
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Other Directorship:
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Name : |
Laxmi Kant Parwa |
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Designation : |
Additional Director |
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Address : |
174, Ramkrishnapur Lane 30, Shibpur, Howrah -711102, West
Bengal, India |
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|
Date of Appointment : |
06.12.2014 |
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DIN No.: |
03533525 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Nitin Tyagi |
|
Designation : |
Manager of Import |
MAJOR SHAREHOLDERS
AS ON 29.09.2017
|
Names of Shareholders |
|
No. of Shares |
|
Century Aluminum Manufacturing Company Limited, India |
|
50300 |
|
Kailash Baheti (As Nominee of Century Aluminum Manufacturing Company
Limited) |
|
100 |
|
Parveen Kr. Maggu (As Nominee of Century Aluminum Manufacturing
Company Limited) |
|
100 |
|
Raj Kamal Saraogi (As Nominee of Century Aluminum Manufacturing
Company Limited) |
|
100 |
|
Vikram Jhunjhunwala (As Nominee of Century Aluminum Manufacturing
Company Limited) |
|
100 |
|
Sita Devi Jhunjhunwala (As Nominee of Century Aluminum Manufacturing
Company Limited) |
|
100 |
|
Moulshree Jhunjhunwala (As Nominee of Century Aluminum Manufacturing
Company Limited) |
|
100 |
|
Madhab Prasad Jhunjhunwala (As Nominee of Century Aluminum
Manufacturing Company Limited) |
|
100 |
|
Total |
|
51000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
98.63 |
|
Promoters (Others - Nominee Shareholder) |
1.37 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Trading of Aluminium and Zinc Alloy. [Registered Activity] |
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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 Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
(INR
In Million)
|
|
Auditors : |
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|
Name : |
ALPS and Company Chartered Accountants |
|
Address : |
310, Todi Chambers, 2, Lal Bazar Street, Kolkata- 700001, West Bengal,
India |
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Tel. No.: |
91-33-22305621 / 40051458 |
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PAN No.: |
AADFK8188N |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company: |
Century Aluminium Manufacturing Company Limited, India [U27106WB1974PLC029718] |
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Associates: |
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Other Related
party: |
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CAPITAL STRUCTURE
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
51000 |
Equity Shares |
INR 10/- each |
INR 0.510 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
0.510 |
0.510 |
0.510 |
|
(b) Reserves and Surplus |
13.464 |
13.165 |
12.037 |
|
(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) |
13.974 |
13.675 |
12.547 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.179 |
0.374 |
0.549 |
|
(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 |
0.785 |
0.614 |
0.582 |
|
Total Non-current Liabilities
(3) |
0.964 |
0.988 |
1.131 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
103.213 |
92.433 |
356.061 |
|
(b) Trade
payables |
140.747 |
49.662 |
60.310 |
|
(c) Other
current liabilities |
23.862 |
385.699 |
37.100 |
|
(d) Short-term
provisions |
0.682 |
0.603 |
0.473 |
|
Total Current
Liabilities (4) |
268.504 |
528.397 |
453.944 |
|
|
|
|
|
|
TOTAL |
283.442 |
543.060 |
467.622 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
0.787 |
0.898 |
1.009 |
|
(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) |
0.226 |
0.167 |
0.169 |
|
(d)
Long-term loans and advances |
3.964 |
3.956 |
20.881 |
|
(e) Other
Non-current assets |
12.003 |
14.040 |
0.289 |
|
Total Non-Current
Assets |
16.980 |
19.061 |
22.348 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
53.745 |
51.815 |
58.864 |
|
(c) Trade
receivables |
71.955 |
325.132 |
196.539 |
|
(d) Cash and
bank balances |
27.685 |
38.629 |
54.770 |
|
(e)
Short-term loans and advances |
111.518 |
107.444 |
130.629 |
|
(f) Other
current assets |
1.559 |
0.979 |
4.472 |
|
Total
Current Assets |
266.462 |
523.999 |
445.274 |
|
|
|
|
|
|
TOTAL |
283.442 |
543.060 |
467.622 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
1377.235 |
1528.809 |
3554.269 |
|
|
Other Income |
8.823 |
4.497 |
14.187 |
|
|
TOTAL |
1386.058 |
1533.306 |
3568.456 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
1283.413 |
1420.265 |
3395.361 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1.931) |
7.049 |
23.560 |
|
|
Employee benefit expense |
3.896 |
3.329 |
3.334 |
|
|
Other expenses |
67.780 |
84.293 |
83.809 |
|
|
Prior period items before tax |
0.000 |
(0.486) |
0.417 |
|
|
TOTAL |
1353.158 |
1514.450 |
3506.481 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
32.900 |
18.856 |
61.975 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
31.890 |
17.331 |
60.581 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.010 |
1.525 |
1.394 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.111 |
0.111 |
0.111 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
0.899 |
1.414 |
1.283 |
|
|
|
|
|
|
|
Less |
TAX |
0.599 |
0.287 |
0.536 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
0.300 |
1.127 |
0.747 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
5.88 |
22.10 |
14.65 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.195 |
0.176 |
0.158 |
|
Net cash flows from (used in) operations |
(21.201) |
249.038 |
135.122 |
|
Net cash flows from (used in) operating activities |
(17.578) |
254.544 |
141.547 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
|
19.07 |
77.62 |
20.18 |
|
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
|
19.14 |
4.70 |
18.08 |
|
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
|
40.03 |
12.76 |
6.48 |
|
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
|
0.61 |
0.36 |
1.05 |
|
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
|
41.80 |
21.00 |
61.42 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
|
0.95 |
0.97 |
0.97 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
|
7.41 |
6.80 |
28.43 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
|
19.21 |
38.64 |
36.18 |
|
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
|
0.06 |
0.07 |
0.08 |
|
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
|
1.03 |
1.09 |
1.02 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
(%) |
0.02 |
0.07 |
0.02 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
(%) |
0.11 |
0.21 |
0.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
(%) |
2.15 |
8.24 |
5.95 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
|
0.99 |
0.99 |
0.98 |
|
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
|
0.79 |
0.89 |
0.85 |
|
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
|
0.05 |
0.03 |
0.03 |
|
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
|
203.11 |
182.32 |
699.55 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
|
0.99 |
0.99 |
0.98 |
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 |
0.510 |
0.510 |
0.510 |
|
Reserves & Surplus |
12.037 |
13.165 |
13.464 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
12.547 |
13.675 |
13.974 |
|
|
|
|
|
|
Long-term borrowings |
0.549 |
0.374 |
0.179 |
|
Short term borrowings |
356.061 |
92.433 |
103.213 |
|
Current maturities of long-term
debts |
0.158 |
0.176 |
0.195 |
|
Total
borrowings |
356.768 |
92.983 |
103.587 |
|
Debt/Equity
ratio |
28.435 |
6.799 |
7.413 |
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 |
3554.269 |
1528.809 |
1377.235 |
|
|
|
(56.987) |
(9.915) |
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 |
3554.269 |
1528.809 |
1377.235 |
|
Profit/ (Loss) |
0.747 |
1.127 |
0.300 |
|
|
0.02
% |
0.07
% |
0.02
% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
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 |
OPERATIONS AND FUTURE OUTLOOK:
The Company reported a sales turnover of INR 1377.235 million as against INR 1528.810 million in the previous financial year thus reporting a decrease of 9.91% The Profit After Tax (PAT) for the year is INR 0.301 million as against INR 1.128 million in the previous year, reflecting a decrease of around 73.32%.
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C48314264 |
10558025 |
STATE BANK OF INDIA |
26/02/2015 |
- |
- |
1000400000.0 |
COMMERCIAL BRANCH, JEEVANDEEP1,MIDDLETON STREET, JEEVANDEEP BUILDING, 2ND FLOOR KOLKATA-700071, WEST BENGAL,INDIA |
|
2 |
C48310817 |
10553654 |
STATE BANK OF INDIA |
30/12/2014 |
26/02/2015 |
- |
340000000.0 |
COMMERCIAL BRANCH, JEEVANDEEP1,MIDDLETON STREET, JEEVANDEEP BUILDING, 2ND FLOOR KOLKATA-700071, WEST BENGAL,INDIA |
|
3 |
B42274233 |
10362280 |
CANARA BANK |
08/06/2012 |
- |
- |
135000000.0 |
MAHARANI BAGHNEW DELHI-110065, INDIA |
|
4 |
B97299754 |
10264523 |
ICICI BANK LIMITED |
22/12/2010 |
30/12/2013 |
- |
60000000.0 |
LANDMARKRACE COURCE CIRCLEALK APURIBARODA-390015,GUJARAT, INDIA |
|
5 |
G09982646 |
10425226 |
STANDARD CHARTERED BANK |
01/05/2013 |
- |
27/07/2016 |
104000000.0 |
CREDIT DOCUMENTATION UNITNARAIN MANZIL, 23 BARAKHAMBA ROAD NEW DELHI-110001 INDIA |
|
6 |
B91885038 |
10130393 |
AXIS BANK LIMITED |
03/11/2008 |
07/02/2011 |
25/11/2013 |
110000000.0 |
4/10, OPG HOUSEASAF ALI ROADNEW DELHI-110002, INDIA |
FIXED ASSETS:
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipment’s
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 64.87 |
|
|
1 |
INR 90.48 |
|
Euro |
1 |
INR 79.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKY |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
RKI |
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.