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|
|
MIRA INFORM REPORT
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Report No. : |
498898 |
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Report Date : |
23.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
YAJUR COMMODITIES LIMITED (w.e.f. 01.03.2016) |
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Formerly Known
As : |
VIRTUOUS URJA LIMITED (w.e.f 24.02.2009) GENUS URJA LIMITED (w.e.f 16.06.2008) GENUS CONSUMER PRODUCTS LIMITED |
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Registered
Office : |
D-116, Okhla Industrial Area, Phase-1, Okhla, New Delhi –
110020 |
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Tel. No.: |
91-11-47114800 |
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Country : |
India |
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Financials (as on)
: |
31.03.2016 |
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Date of
Incorporation : |
19.04.2007 |
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Com. Reg. No.: |
55-162295 |
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Capital
Investment / Paid-up Capital : |
INR 599.731 Million |
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CIN No.: [Company Identification
No.] |
U51395DL2007PLC162295 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCG8485G |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Trading of imported coal. [Registered Activity] |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2007 having satisfactory track record. It is engaged as trader of imported coal. Management has failed to file its financials for the year 2017 with Registrar of Companies. As per the available financial of 2016, the company has reported a dip in its revenue as compared to its previous year and has reported very thin profit margin during the year. Rating takes into consideration, the satisfactory financial risk
profile marked by adequate networth base and strong debt protection metrics. Rating continue to derive strength from its long track record of
operations, established brand name and its healthy order book position. However, these rating strengths gets partially offset by the
susceptibility of its profitability margins to fluctuations in raw material
prices as well foreign exchange rates. Payments seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealing 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 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Rating (SO)= A |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
05.02.2018 |
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Rating Agency Name |
CARE |
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Rating |
Short Term Rating (SO)= A1 |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
05.02.2018 |
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 23.03.2018
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. Pradeep |
|
Designation : |
Accounts Head |
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Contact No.: |
91-11-47114800 |
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Date : |
21.03.2018 |
LOCATIONS
|
Registered Office : |
D-116, Okhla Industrial Area, Phase-1, Okhla, New Delhi –
110020, India |
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Tel. No.: |
91-11-47114800 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Branch Office : |
Unit No B-212, Durian Estate Premises Co Operative Society Limited,
Durian Estate, Mulund Link Road, Goregaon (East), Mumbai – 400063,
Maharashtra, India |
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Tel. No.: |
91-22-40037333 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Kailash Chandra Agarwal |
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Designation : |
Managing Director |
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Address : |
25, Jawahar Nagar Moradabad -244001, Uttar Pradesh, India |
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Date of Birth/Age : |
20.10.1971 |
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Qualification: |
Graduate |
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Date of Appointment : |
01.06.2013 |
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DIN No.: |
00895365 |
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PAN No.: |
ADNPA7732P |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Ishwar Chand Agarwal |
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Designation : |
Director |
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Address : |
12, Dwarkapuri, Jamnalal Bajaj Marg, C-Scheme, Jaipur - 302001,
Rajasthan, India |
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Date of Birth/Age : |
19.04.1950 |
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Qualification: |
Graduate |
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Date of Appointment : |
30.09.2013 |
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DIN No.: |
00011152 |
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PAN No.: |
AJCPA9438P |
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Other Directorship:
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Name : |
Seema Todi |
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Designation : |
Director |
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Address : |
B-5, Ganpati Enclave Ajmer Road, Jaipur -302006, Rajasthan, India |
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Date of Birth/Age : |
13.08.1970 |
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Qualification: |
Bachelor of Arts |
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Date of Appointment : |
28.09.2015 |
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DIN No.: |
00014303 |
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PAN No.: |
ADLPT8058K |
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||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Surendra Agarwal |
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Designation : |
Director |
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Address : |
Ram Bhawan, Ramgarh Mode, Amer Road, Jaipur -302002, Rajasthan, India |
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Date of Birth/Age : |
16.08.1981 |
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Qualification: |
Graduate |
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Date of Appointment : |
18.06.2012 |
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DIN No.: |
00108935 |
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PAN No.: |
ADNPA5185A |
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Other Directorship:
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Name : |
Mr. Harshvardhan Agarwal |
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Designation : |
Director |
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Address : |
J.9 Civil Township Rourkela -769004, Orissa, India |
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Date of Birth/Age : |
16.01.1987 |
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Qualification: |
Post Graduate |
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Date of Appointment : |
30.09.2013 |
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DIN No.: |
01769423 |
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PAN No.: |
AHTPA8603M |
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Other Directorship:
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Name : |
Mr. Udit Agarwal |
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Designation : |
Director |
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Address : |
Shri Ganga Sanitary Store Station Road, Moradabad- 244001, Uttar
Pradesh, India |
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Date of Birth/Age : |
01.12.1971 |
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Qualification: |
Intermediate |
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Date of Appointment : |
28.09.2015 |
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DIN No.: |
06771907 |
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PAN No.: |
ADQPA1799M |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Harshvardhan Agarwal |
|
Designation : |
Chief Finance Officer |
|
Address : |
J/9 Civil Township Rourkela - 769004, Orissa, India |
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Date of Appointment : |
23.01.2017 |
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PAN No.: |
AHTPA8603M |
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|
|
|
Name : |
Mr. Pradeep |
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Designation : |
Accounts Head |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
PROMOTERS AND PROMOTERS GROUP |
|
|
|
Directors |
|
|
|
Kailash Chandra Agarwal |
|
1211000 |
|
Ishwar Chand Agarwal |
|
995000 |
|
Directors’ relatives |
|
|
|
Shanti Devi Agarwal |
|
1000 |
|
Rajendra Kumar Agarwal |
|
100 |
|
Monisha Agarwal |
|
900 |
|
Jitendra Kumar Agarwal |
|
1000 |
|
Amit Kumar Agarwal |
|
1000 |
|
Anand Todi |
|
250000 |
|
Himanshu Agarwal |
|
405000 |
|
Bodies Corporate |
|
|
|
Genus Power Infrastructure Limited |
|
4677586 |
|
Kailash Industries Limited |
|
40000 |
|
Kailash Coal and Coke Company Limited |
|
40000 |
|
Genus Paper and Boards Limited |
|
80000 |
|
Vivekshil Dealers Private Limited |
|
2290000 |
|
CRG Trading and Finvest Private Limited |
|
9141897 |
|
Sansar Infrastructures Private Limited |
|
2796552 |
|
Sunima Trading Private Limited |
|
1862069 |
|
|
|
|
|
Total |
|
23793104 |
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
PROMOTERS GROUP |
|
|
|
CRG Trading and Finvest Private Limited |
|
338000 |
|
Sansar Infrastructures Private Limited |
|
297500 |
|
Sunima Trading Private Limited |
|
132500 |
|
Neotax Vinimay Private Limited |
|
50000 |
|
Paramjyoti Traders Private Limited |
|
50000 |
|
Tejaswani Commercial Private Limited |
|
50000 |
|
|
|
|
|
Total |
|
918000 |
|
Names of Shareholders (10% Cumulative Preference Shares) |
|
No. of Shares |
|
Genus Paper and Boards Limited |
|
500000 |
|
|
|
|
|
Total |
|
500000 |
|
Names of Shareholders (6% Cumulative Optionally Convertible Redeemable
Preference Shares) |
|
No. of Shares |
|
Genus Paper and Boards Limited |
|
2200000 |
|
|
|
|
|
Total |
|
2200000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
12.04 |
|
Promoters [Bodies
corporate] |
87.96 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading of imported coal. [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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||||
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
|
||||||||||||||||||||||
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Facilities : |
|
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Auditors : |
|
|
Name : |
Pradeep Hari and Company Chartered Accountants |
|
Address : |
Opposite Reserve Police Lines, 10, Civil Lines, Moradabad – 244001, Uttar Pradesh, India |
|
PAN No.: |
AOSPK1459H |
|
|
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|
Memberships : |
Not Available |
|
|
|
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Collaborators : |
Not Available |
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|
|
|
Associates : |
·
Virtuous Mining Limited, India |
|
|
|
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Subsidiary
Company : |
· PT MaplDFUe Natural, Indonesia |
|
|
|
|
Enterprises which are owned, or have significant influence of or are
partners with Key management personnel and their relatives : |
· Kailash Coal and Coke Company Limited · Genus Power Infrastructures Limited · Genus Paper and Boards Limited · Genus International Commodities Limited · Genus Electrotech Limited · Genus Apparels Limited |
CAPITAL STRUCTURE
AFTER 30.09.2017
Authorised Capital : INR
700.000 Million
Issued Subscribed & Paid-up Capital : INR 329.731 Million
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
INR 10/- each |
INR 300.000 Million |
|
1000000 |
0% Redeemable Preference Shares |
INR 100/- each |
INR 100.000 Million |
|
500000 |
10% Cumulative Redeemable Preference |
INR 100/- each |
INR 50.000 Million |
|
2500000 |
6% Cumulative Nonconvertible Preference |
INR 100/- each |
INR 250.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 700.000
Million |
Issued Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
23793104 |
Equity Shares |
INR 10/- each |
INR 237.931 Million |
|
918000 |
0% Redeemable Preference Shares |
INR 100/- each |
INR 91.800 Million |
|
500000 |
10% Cumulative Redeemable Preference |
INR 100/- each |
INR 50.000 Million |
|
2200000 |
6% Cumulative Nonconvertible Preference |
INR 100/- each |
INR 220.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 599.731
Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
599.731 |
599.731 |
599.731 |
|
(b) Reserves & Surplus |
227.897 |
211.729 |
190.782 |
|
(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) |
827.628 |
811.460 |
790.513 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
240.537 |
206.123 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.156 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
2.604 |
1.687 |
1.118 |
|
Total Non-current
Liabilities (3) |
243.141 |
207.810 |
1.274 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
1625.767 |
1556.792 |
1187.150 |
|
(b) Trade
payables |
533.914 |
747.416 |
1108.460 |
|
(c) Other
current liabilities |
21.094 |
37.355 |
29.176 |
|
(d) Short-term
provisions |
0.068 |
24.928 |
6.273 |
|
Total Current
Liabilities (4) |
2180.843 |
2366.491 |
2331.059 |
|
|
|
|
|
|
TOTAL |
3251.612 |
3385.761 |
3122.846 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
26.368 |
21.157 |
19.612 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
7.103 |
4.151 |
|
(iv)
Intangible assets under development |
2.358 |
0.000 |
0.000 |
|
(b) Non-current Investments |
291.692 |
220.716 |
117.887 |
|
(c) Deferred tax assets (net) |
0.540 |
0.261 |
0.000 |
|
(d)
Long-term Loan and Advances |
0.360 |
0.547 |
61.026 |
|
(e) Other
Non-current assets |
147.861 |
139.519 |
122.538 |
|
Total Non-Current
Assets |
469.179 |
389.303 |
325.214 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
320.478 |
414.375 |
534.012 |
|
(c) Trade
receivables |
1932.173 |
1968.013 |
1672.610 |
|
(d) Cash
and cash equivalents |
226.531 |
270.505 |
380.465 |
|
(e)
Short-term loans and advances |
280.309 |
336.959 |
206.293 |
|
(f) Other
current assets |
22.942 |
6.606 |
4.252 |
|
Total
Current Assets |
2782.433 |
2996.458 |
2797.632 |
|
|
|
|
|
|
TOTAL |
3251.612 |
3385.761 |
3122.846 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
4323.635 |
4968.488 |
3791.690 |
|
|
|
|
Other Income |
47.319 |
54.049 |
54.207 |
|
|
|
|
TOTAL |
4370.954 |
5022.537 |
3845.897 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Purchase of Stock-in-trade |
3815.835 |
4571.315 |
3799.253 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
93.897 |
119.636 |
(242.451) |
|
|
|
|
Employee Benefits Expenses |
35.501 |
29.636 |
33.571 |
|
|
|
|
CSR expenses |
1.652 |
0.000 |
0.000 |
|
|
|
|
Other expenses |
275.030 |
132.488 |
167.572 |
|
|
|
|
TOTAL |
4221.915 |
4853.075 |
3757.945 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
149.039 |
169.462 |
87.952 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES |
122.167 |
100.921 |
67.437 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
26.872 |
68.541 |
20.515 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION |
1.803 |
3.212 |
1.445 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
25.069 |
65.329 |
19.070 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
8.900 |
22.270 |
7.053 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS) AFTER
TAX |
16.169 |
43.059 |
12.017 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
F.O.B. Value of Exports |
276.803 |
491.754 |
898.982 |
|
|
|
TOTAL EARNINGS |
276.803 |
491.754 |
898.982 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
2593.076 |
2868.186 |
3005.693 |
|
|
|
TOTAL IMPORTS |
2593.076 |
2868.186 |
3005.693 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (INR) |
(0.09) |
1.81 |
0.51 |
||
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.150 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
25.660 |
(295.436) |
38.383 |
|
cash flows from (used in) operating activities |
22.691 |
(315.012) |
32.151 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
163.11 |
144.58 |
161.01 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.24 |
2.52 |
2.27 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
51.07 |
59.68 |
106.49 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.47 |
0.41 |
0.16 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
5.19 |
6.00 |
3.70 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.74 |
0.76 |
0.75 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.26 |
2.17 |
1.50 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.64 |
2.92 |
2.95 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.03 |
0.03 |
0.03 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.22 |
1.68 |
1.30 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
0.37 |
0.87 |
0.32 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.50 |
1.27 |
0.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
1.95 |
5.31 |
1.52 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.28 |
1.27 |
1.20 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.13 |
1.09 |
0.97 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.25 |
0.24 |
0.25 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
3.11 |
2.94 |
1.98 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.28 |
1.27 |
1.20 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
599.731 |
599.731 |
599.731 |
|
Reserves & Surplus |
190.782 |
211.729 |
227.897 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
790.513 |
811.460 |
827.628 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
206.123 |
240.537 |
|
Short Term borrowings |
1187.150 |
1556.792 |
1625.767 |
|
Current maturities of long term debt |
0.150 |
0.000 |
0.000 |
|
Total
borrowings |
1187.300 |
1762.915 |
1866.304 |
|
Debt/Equity
ratio |
1.502 |
2.173 |
2.255 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
3791.690 |
4968.488 |
4323.635 |
|
|
|
31.036 |
(12.979) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
3791.690 |
4968.488 |
4323.635 |
|
Profit/(Loss) |
12.017 |
43.059 |
16.169 |
|
|
0.32% |
0.87% |
0.37% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
599.731 |
599.731 |
|
(b) Reserves &
Surplus |
|
(18.356) |
141.999 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
16.130 |
0.170 |
|
-
Minority interest |
|
0.715 |
2.311 |
|
Total Shareholders’ Funds
(1) + (2) |
|
598.220 |
744.211 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
397.777 |
384.665 |
|
(b) Deferred tax
liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
2.604 |
1.687 |
|
Total Non-current
Liabilities (3) |
|
400.381 |
386.352 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
1852.983 |
1556.792 |
|
(b) Trade payables |
|
841.740 |
1001.004 |
|
(c) Other current
liabilities |
|
63.756 |
144.922 |
|
(d) Short-term provisions |
|
0.068 |
24.928 |
|
Total Current Liabilities
(4) |
|
2758.547 |
2727.646 |
|
|
|
|
|
|
TOTAL |
|
3757.148 |
3858.209 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
262.041 |
26.982 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
4.060 |
181.183 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
32.295 |
40.125 |
|
(c) Deferred tax assets
(net) |
|
0.540 |
0.261 |
|
(d) Long-term Loan and Advances |
|
0.360 |
0.547 |
|
(e) Other Non-current
assets |
|
147.861 |
139.618 |
|
Total Non-Current Assets |
|
447.157 |
388.716 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
416.096 |
528.866 |
|
(c) Trade receivables |
|
2062.021 |
1985.197 |
|
(d) Cash and cash
equivalents |
|
308.119 |
344.491 |
|
(e) Short-term loans and
advances |
|
500.090 |
604.334 |
|
(f) Other current assets |
|
23.665 |
6.605 |
|
Total Current Assets |
|
3309.991 |
3469.493 |
|
|
|
|
|
|
TOTAL |
|
3757.148 |
3858.209 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
|
6320.547 |
5300.321 |
|
|
Other Income |
|
48.745 |
57.181 |
|
|
TOTAL |
|
6369.292 |
5357.502 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
|
5804.877 |
5006.757 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
112.769 |
5.146 |
|
|
Employees benefits
expense |
|
69.877 |
56.394 |
|
|
Other expenses |
|
343.910 |
167.514 |
|
|
TOTAL |
|
6331.433 |
5235.811 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
37.859 |
121.691 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
153.406 |
114.976 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
(115.547) |
6.715 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
15.083 |
3.806 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
(130.630) |
2.909 |
|
|
|
|
|
|
|
Less |
TAX |
|
8.900 |
22.269 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
(139.530) |
(19.360) |
|
|
|
|
|
|
|
Add / Less |
MINORITY
INTEREST |
|
1.350 |
9.134 |
|
|
|
|
|
|
|
|
TOTAL
PROFIT (LOSS) FOR PERIOD |
|
(138.180) |
(10.226) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
(6.57) |
(0.43) |
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
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 |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the Annual
Report |
No |
UNSECURED LOANS:
|
PARTICULARS |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Rupee term loans from others |
240.537 |
206.123 |
|
|
|
|
|
Total |
240.537 |
206.123 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G77960938 |
100156997 |
HERO FINCORP LIMITED |
09/02/2018 |
- |
- |
170000000.0 |
34, COMMUNITY CENTRE, BASANT LOKVASANT VIHARNEW DELHIDE110057IN |
|
2 |
G68900802 |
100137704 |
AXIS BANK LIMITED |
24/11/2017 |
- |
- |
220000000.0 |
2ND FLOOR, RED FORT CAPITAL, PARSVNATH TOWERS,GOLE MARKET, BHAI VEER SINGH MARG,NEW DELHIDL110001IN |
|
3 |
G35578285 |
100078361 |
KOTAK MAHINDRA PRIME LIMITED |
11/01/2017 |
- |
- |
1014000.0 |
27BKC, C 27, G BLOCKBANDRA KURLA COMPLEX, BANDRA (E),MUMBAIMA400051IN |
|
4 |
G08153637 |
100040569 |
TATA CAPITAL HOUSING FINANCE LIMITED |
21/06/2016 |
- |
- |
10000000.0 |
ONE FORBESDR V B GANDHI MARG, FORTMUMBAIMH400001IN |
|
5 |
G22206288 |
10379219 |
AXIS BANK LIMITED (LEAD BANK) |
03/10/2012 |
06/08/2016 |
- |
2300000000.0 |
2ND FLOOR, RED FORT CAPITAL, PARSVNATH TOWERS,GOLE MARKET, BHAI VEER SINGH MARG,NEW DELHIDL110001IN |
|
6 |
G80241045 |
10531470 |
HDFC BANK LIMITED |
24/09/2014 |
- |
13/03/2018 |
234000000.0 |
2ND FLOOR,EXPRESS BUILDING9-10,BAHADURSHAH ZAFAR MARG,ITONEW DELHIDL110002IN |
|
7 |
G79962031 |
10533347 |
HDFC BANK LIMITED |
03/11/2014 |
- |
28/02/2018 |
166000000.0 |
2ND FLOOR,EXPRESS BUILDING9-10,BAHADURSHAH ZAFAR MARG,ITONEW DELHIDL110002IN |
|
8 |
G79963195 |
10560718 |
HDFC BANK LIMITED |
02/02/2015 |
- |
28/02/2018 |
250000000.0 |
2ND FLOOR,EXPRESS BUILDING9-10,BAHADURSHAH ZAFAR MARG,ITONEW DELHIDL110002IN |
|
9 |
G42786905 |
100025209 |
IDBI BANK LIMITED |
12/04/2016 |
- |
24/04/2017 |
400000000.0 |
INDIAN RED CROSS SOCEITY BUILDING,1, REDCROSS ROAD, NEW DELHI-110001NEW DELHIDL110001IN |
|
10 |
C65958944 |
10533124 |
AXIS BANK LIMITED |
11/11/2014 |
24/11/2014 |
24/09/2015 |
150000000.0 |
STATESMAN HOUSE,148BARAKHAMBA ROADDELHIDL110001IN |
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 65.22 |
|
|
1 |
INR 91.33 |
|
Euro |
1 |
INR 79.96 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
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.