|
|
|
MIRA INFORM REPORT
|
Report No. : |
500315 |
|
Report Date : |
27.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
VIBRANT HOLIDAY DESTINATIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No. 440 and 443, 4th Floor, Solaris Industrial Estate No.1, F-Wing, Off Saki
Vihar Road, Andheri (East), Mumbai – 400072, Maharashtra |
|
Tel. No.: |
91-22-42443410 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
14.10.2008 |
|
|
|
|
Com. Reg. No.: |
11-187517 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 6.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U55101MH2008PTC187517 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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|
|
|
PAN No.: [Permanent Account No.] |
AACCV9050G |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AACCV9050G1Z7 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is engaged mainly in Travel and Tour Operator and Member of
IATA. (Registered Activity) |
|
|
|
|
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 : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject was incorporated in the year 2008 having moderate track
record. It is engaged into business of tours and travels. For the financial year 2017, the company has reported a sharp decline
in its revenue as compared to its previous year and has incurred heavy losses
from its operations which has led to erosion of net worth. Rating gets constrained on account of moderate financial risk profile
marked by eroded networth base and weak debt protection metrics. Rating further gets constrained on account of high working capital
intensive nature of business and exposure to intense competition in tours and
travels market. Payments seems to be slow. In view of aforesaid, the company can be considered for business
dealings at fully safe and secured 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.
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 27.03.2018
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. Dhruv |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-42443410 |
|
Date : |
26.03.2018 |
LOCATIONS
|
Registered Office : |
Unit No. 440 and 443, 4th Floor, Solaris Industrial Estate No.1, F-Wing, Off Saki
Vihar Road, Andheri (East), Mumbai – 400072, Maharashtra, India |
|
Tel. No.: |
91-22-42443400 / 42443410 |
|
Mobile No.: |
91-9730034608 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Ms. Niharika Marda |
|
Designation : |
Director |
|
Address : |
304, Minal Apartments, B-1, Off, Saki Vihar, Andheri (East), Mumbai –
400072, |
|
Date of Birth/Age : |
14.11.1977 |
|
Date of Appointment : |
14.10.2008 |
|
PAN No.: |
ABMPM5423G |
|
DIN No. : |
02034074 |
|
|
|
|
Name : |
Mr. Apurva Omprakash Marda |
|
Designation : |
Director |
|
Address : |
304, Minal Apartments, B-1, Off, Saki Vihar, Andheri (East), Mumbai –
400072, |
|
Date of Birth/Age : |
28.06.1975 |
|
Date of Appointment : |
14.10.2008 |
|
PAN No.: |
AIBPM0477E |
|
DIN No. : |
02101972 |
KEY EXECUTIVES
|
Name : |
Mr. Dhruv |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Om Praksh Marda |
|
115000 |
|
Priyank Marda |
|
125000 |
|
Apurva Marda |
|
130000 |
|
Mayank Marda |
|
125000 |
|
Niharika Marda |
|
5000 |
|
Vivid Vision Trexim Private Limited, India |
|
100000 |
|
Total |
|
600000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
22.50 |
|
Public/Other than promoters (Individual/Hindu Undivided Family-Indian) |
60.83 |
|
Public/Other than promoters (Body corporate) |
16.67 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged mainly in Travel and Tour Operator and Member of
IATA. (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
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
|
|
Auditors : |
|
|
Name : |
Amita Associates Chartered Accountants |
|
Address : |
783, Anandpur, Urbana, Tower-7, Flat No.-1302, Kolkata – 700107, West
Bengal, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AEXPP8031P |
|
|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises owned or significantly influenced by key management
personnel : |
Vivid Vision Trexim Private Limited |
|
|
|
|
Other Related Party : |
Om Prakash HUF |
CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000 |
Equity Shares |
INR 10/- each |
INR 6.000
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 |
6.000 |
6.000 |
6.000 |
|
(b) Reserves & Surplus |
(11.411) |
1.819 |
1.755 |
|
(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) |
(5.411) |
7.819 |
7.755 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
12.735 |
12.735 |
2.000 |
|
(b) Trade payables |
6.999 |
33.178 |
7.066 |
|
(c) Other current liabilities |
28.273 |
9.609 |
13.834 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
48.007 |
55.522 |
22.900 |
|
|
|
|
|
|
TOTAL |
42.596 |
63.341 |
30.655 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1.435 |
1.711 |
0.631 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
2.689 |
3.500 |
3.500 |
|
(d) Long-term Loan and Advances |
0.722 |
0.722 |
0.722 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
4.846 |
5.933 |
4.853 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
20.434 |
48.433 |
20.576 |
|
(d) Cash and cash equivalents |
5.754 |
3.193 |
2.075 |
|
(e) Short-term loans and
advances |
10.516 |
4.837 |
2.610 |
|
(f) Other current assets |
1.046 |
0.945 |
0.541 |
|
Total
Current Assets |
37.750 |
57.408 |
25.802 |
|
|
|
|
|
|
TOTAL |
42.596 |
63.341 |
30.655 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
26.980 |
36.868 |
27.843 |
|
|
Other Income |
6.865 |
0.079 |
0.142 |
|
|
TOTAL
|
33.845 |
36.947 |
27.985 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits expense |
27.184 |
20.839 |
15.226 |
|
|
Other expenses |
16.821 |
13.721 |
10.409 |
|
|
TOTAL |
44.005 |
34.560 |
25.635 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
(10.160) |
2.387 |
2.350 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2.509 |
1.743 |
1.189 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(12.669) |
0.644 |
1.161 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
0.561 |
0.515 |
0.710 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(13.230) |
0.129 |
0.451 |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.065 |
0.208 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(13.230) |
0.064 |
0.243 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
(22.05) |
0.11 |
0.40 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
(3.152) |
3.741 |
(1.491) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
276.44 |
479.50 |
269.74 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
1.32 |
0.76 |
1.35 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
(7.08) |
1.40 |
3.72 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
1.13 |
0.88 |
0.75 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
(2.35) |
1.63 |
0.26 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
(8.87) |
7.10 |
2.95 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
(0.27) |
0.22 |
0.08 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
(4.05) |
1.37 |
1.98 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT
/ Sales) * 100) |
% |
(49.04) |
0.17 |
0.87 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(31.06) |
0.10 |
0.79 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
244.50 |
0.82 |
3.13 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.79 |
1.03 |
1.13 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.79 |
1.03 |
1.13 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
(0.13) |
0.12 |
0.25 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
2.12 |
2.12 |
0.33 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.79 |
1.03 |
1.13 |
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 |
6.000 |
6.000 |
6.000 |
|
Reserves & Surplus |
1.755 |
1.819 |
(11.411) |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
7.755 |
7.819 |
(5.411) |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
2.000 |
12.735 |
12.735 |
|
Total borrowings |
2.000 |
12.735 |
12.735 |
|
Debt/Equity ratio |
0.258 |
1.629 |
(2.354) |
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 |
27.843 |
36.868 |
26.980 |
|
|
|
32.414 |
(26.820) |
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 |
27.843 |
36.868 |
26.980 |
|
Profit/ (Loss) |
0.243 |
0.064 |
(13.230) |
|
|
0.87% |
0.17% |
(49.04%) |
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 |
No |
|
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 |
NOTE: The registered office of the company has been shifted from 304/305/306, Minal Co-operative Housing Society, Saki Vihar Road, Andheri (East), Mumbai, Maharashtra, India to the present address w.e.f. 10.06.2009
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
From a Body Corporate |
12.500 |
12.500 |
|
From Directors |
0.235 |
0.235 |
|
Total |
12.735 |
12.735 |
INDEX
OF CHARGES NO CHARGES EXISTS FOR COMPANY
CONTINGENT
LIABILITIES: (As on 31.03.2017)
(In respect of Bank Guarantee INR 0.912 million PY (INR 0.945Million) against lien of Fixed Deposit of the Company and Directors and their Directors and their Relatives for 1.196 million PY (INR 1.103 Million)
FIXED ASSETS
·
Computer
·
Software development and
designing
·
Fax Machine
·
Furniture
·
Inverter
·
Mobile Handset
·
Attendance Machine
·
Air Conditioner Machine
·
I-Pad Phone
·
UPS
·
Television LCD
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 64.91 |
|
UK Pound |
1 |
INR 91.86 |
|
Euro |
1 |
INR 80.26 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.