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|
MIRA INFORM REPORT
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Report No. : |
500227 |
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Report Date : |
28.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
KLJ ORGANIC LIMITED |
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|
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Registered
Office : |
KJL House, 63, Rama Marg, Najafgarh Road, New Delhi – 110015 |
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Tel. No.: |
91-11-25459706-7-8/41427427-29 / 45371400 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
03.05.1995 |
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|
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Com. Reg. No.: |
55-068170 |
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Capital
Investment / Paid-up Capital : |
INR 40.000 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U74899DL1995PLC068170 |
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|
|
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IEC No.: [Import-Export Code No.] |
0596059302 |
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GSTN : [Goods & Service Tax
Registration No.] |
07AAACK3722A1Z7 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACK3722A |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The company is engaged in the manufacturing and selling of
secondary plasticizer, Chlorinated Paraffin and Tri Cresyl Phosphate, Tri
Phenyl Phosphate and its bye products. The company has also started
manufacturing of Benzyl Products. [Registered Activity] |
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|
|
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No. of Employees
: |
Not Available |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Maximum Credit Limit : |
USD 4630000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a part of “KLJ Group”, founded by Mr. K L Jain in 1967. KLJ Organic Limited was incorporated in the year 1995 and it is engaged into manufacturing and selling of secondary plasticizer and its bye products. As per financials of March 2017, the company has registered a decline in its revenue as compared to its previous year’s revenue and has reported good profit margin of 9.21%. Rating takes into consideration the company’s established track record of business operations marked by sound net worth base along with strong debt coverage indicators and good liquidity position. Rating reflects the company’s leadership position in the plasticizers business with a strong presence in the compounding and trading segments, its healthy operating efficiencies and its strong relationship with suppliers. Further, the company has reported a good earnings per share of INR 60.62 against its face value of INR 10. However, rating strength is partially offset by susceptibility to volatility in raw material prices and foreign exchange rates and its working capital intensive operations. Payments terms seems to be regular. In view of aforesaid, the company can be considered good for business dealings 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 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating= A+ |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
25.04.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating= A1+ |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
25.04.2017 |
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 28.03.2018.
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.
LOCATIONS
|
Registered Office / Head Office : |
KLJ House, 63, Rama Marg, Najafgarh Road, New Delhi – 110015,
India |
|
Tel. No.: |
91-11-25459706-7-8/41427427-29 / 45371400 |
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Fax No.: |
91-11-25459709/25436264 |
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E-Mail : |
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Website : |
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Factory 1 : |
Plot No. 759, GIDC Estate, Jhagadia, District Bharuch-393110, Gujarat, India |
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Tel No.: |
91-2645-226046/226047/226048 |
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Fax No.: |
91-2645-226043 |
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Email: |
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Factory 2 : |
Plot No. 760, GIDC Estate, Jhagadia, District Bharuch, Gujarat, India |
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Branch Office (Mumbai) : |
Hubtown Solaris, 403/404, 4th Floor, N S Phadke Marg, Near
Andheri East, West Flyover, Andheri (East), Mumbai – 400069, Maharashtra,
India |
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Tel No.: |
91-22-61830000-100 |
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Fax No.: |
91-22-26244009 |
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E-Mail : |
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Branch Office (Kolkata) : |
Shanti Niketan Building, Suite No-22, Ground Floor, 8, Camac Street, Kolkata – 700017, West Bengal, India |
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Tel No.: |
91-33-22823251 |
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Fax No.: |
91-33-22823851 |
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E-Mail : |
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Branch Office (Chennai) : |
Silvassa Plast, No.11, 2nd Floor, Rosy Towers, Nungabakkam Main Road, Nungabakkam, Chennai – 600039, Tamilnadu, India |
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Tel No.: |
91-44-32000814-15 |
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Fax No.: |
91-44-45008589 |
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E-Mail : |
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Sales Offices (Real
Estate Division) : |
KLJ Complex, 70/B -39, Shivaji Marg, New Delhi – 110015, India |
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Tel. No.: |
91-11-49207373 |
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Fax No.: |
91-11-49207370 |
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Overseas Office : |
5 SOI G-4, Pakornsongkhoraj Road, Tambon Huaypong, Amphur, Muangrayong, Rayong-21150, Thailand |
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Tel No.: |
66-38-693219 |
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Fax No.: |
66-38-693220 |
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E-Mail : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Pushp Jain |
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Designation : |
Managing Director |
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Address : |
6B/9, Near Old Rajinder Nagar, New Delhi – 110060, India |
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Date of Birth/Age : |
27.03.1975 |
||||||||||||||||||||||||||||||||
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Qualification : |
MBA (Finance and Marketing) |
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Date of Appointment : |
29.09.2011 |
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PAN No.: |
AALPJ2611D |
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DIN No.: |
00033289 |
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Other Directorship:
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||||||||||||||||||||||||||||||||
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Name : |
Mr. Shanti Lal Dugar |
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Designation : |
Director |
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Address : |
3/104, 2nd Floor, Ramesh Nagar, New Delhi – 110015, India |
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Date of Birth/Age : |
16.07.1978 |
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Qualification : |
Chartered Accountant |
||||||||||||||||||||||||||||||||
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Date of Appointment : |
29.09.2011 |
||||||||||||||||||||||||||||||||
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PAN No.: |
AHCPD8321Q |
||||||||||||||||||||||||||||||||
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DIN No.: |
03441727 |
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||||||||||||||||||||||||||||||||
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Name : |
Mr. Virendra Kumar Singhi |
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Designation : |
Director |
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Address : |
K -71, Kirti Nagar, New Delhi – 110015, India |
||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
02.10.1964 |
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Qualification : |
B.Com |
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Date of Appointment : |
30.09.1997 |
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PAN No.: |
ALAPS0361F |
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DIN No.: |
00028824 |
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Other Directorship:
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||||||||||||||||||||||||||||||||
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Name : |
Ms. Neetu Jain |
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Designation : |
Director |
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Address : |
6B/9, Old Rajendra Nagar, New Delhi – 110060, India |
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Date of Birth/Age : |
18.11.1974 |
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Qualification : |
Post Graduate |
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Date of Appointment : |
29.09.2015 |
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PAN No.: |
AANPG9269Q |
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DIN No.: |
00440484 |
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||||||||||||||||||||||||||||||||
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Name : |
Mr. Chander Shekhar Garge |
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Designation : |
Director |
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Address : |
H.No.302, Samvad Apartment, Alfa-1, Greater Noida, Greater Noida –
203207, Uttar Pradesh, India |
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Date of Birth/Age : |
16.03.1937 |
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Qualification : |
Post Graduate |
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Date of Appointment : |
31.03.2015 |
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PAN No.: |
AAKPG4318F |
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DIN No.: |
07145894 |
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|
||||||||||||||||||||||||||||||||
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Name : |
Mr. Dalam Chand Baid |
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Designation : |
Director |
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Address : |
A1/161, A-1 Block, Paschim Vihar, New Delhi – 110063, India |
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Date of Birth/Age : |
03.09.1955 |
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Qualification : |
Post Graduate |
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Date of Appointment : |
31.03.2015 |
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PAN No.: |
AFBPB2064B |
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DIN No.: |
07143949 |
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KEY EXECUTIVES
|
Name : |
Arun Gupta and Associates |
|
Designation : |
Company secretary |
|
Address : |
59, Ground Floor, Street No.3, Madan Park, East Punjab Bagh, New
Delhi-110026, India |
|
Tel. No.: |
91-11-28316719 |
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Mobile No.: |
91-9818845037 / 9650001537 |
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E-Mail: |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Kanhaiya Lal Jain |
775000 |
|
Hemant Jain |
496000 |
|
V L Sood |
250 |
|
Sushila Patawari |
625000 |
|
Mangi Lal Sethia |
250 |
|
Kamal Jain |
396000 |
|
Pushp Jain |
633500 |
|
Kanhaiyalal Jain and Sons HUF |
396000 |
|
KLJ Polymers and Chemicals Limited, India |
282000 |
|
Kinetic Impex Limited, India |
396000 |
|
Total |
4000000 |
AS ON 27.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters - Individual/Hindu Undivided Family – Indian |
83.04 |
|
Public/Other than promoters - Individual/Hindu Undivided Family – Indian |
0.01 |
|
Public/Other than promoters - Bodies corporate |
16.95 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the manufacturing and selling of
secondary plasticizer, Chlorinated Paraffin and Tri Cresyl Phosphate, Tri
Phenyl Phosphate and its bye products. The company has also started
manufacturing of Benzyl Products. [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 Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Rakhecha and Company Chartered Accountants |
|
Address : |
4866/1, Harbans Singh Street, 24, Ansari Road, Darya Ganj , New Delhi-110002, India |
|
PAN No.: |
AAKFR2643E |
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|
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Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
Associates Companies : |
CIN No.: U24119DL1989PLC036883
CIN No.: U25200DL2008PLC181088
CIN No.: L67120WB1986PLC041487
CIN No.: U74899DL1953PTC002338
CIN No.: L51909WB1985PLC039455
CIN No.: U65921WB1995PTC069387
CIN No.: U45303DL1997PTC091172
CIN No.: U45200DL2008PTC173709
CIN No.: U51909DL1997PTC091106
|
CAPITAL STRUCTURE
AS ON 27.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4500000 |
Equity Shares |
INR 10/- each |
INR 45.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
INR 10/- each |
INR 40.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
40.000 |
40.000 |
40.000 |
|
(b) Reserves and Surplus |
1580.338 |
1337.841 |
1245.397 |
|
(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) |
1620.338 |
1377.841 |
1285.397 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
311.293 |
219.043 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
55.753 |
10.236 |
8.555 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
44.568 |
81.310 |
7.390 |
|
Total Non-current
Liabilities (3) |
411.614 |
310.589 |
15.945 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
288.916 |
123.526 |
98.159 |
|
(b) Trade
payables |
454.217 |
373.810 |
709.516 |
|
(c) Other
current liabilities |
308.248 |
222.000 |
93.663 |
|
(d) Short-term
provisions |
171.874 |
63.530 |
105.127 |
|
Total Current
Liabilities (4) |
1223.255 |
782.866 |
1006.465 |
|
|
|
|
|
|
TOTAL |
3255.207 |
2471.296 |
2307.807 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
891.103 |
238.301 |
219.121 |
|
(ii)
Intangible Assets |
12.259 |
3.360 |
6.720 |
|
(iii) Tangible assets
capital work-in-progress |
33.133 |
554.314 |
38.138 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
550.006 |
550.006 |
201.631 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
84.767 |
86.477 |
0.000 |
|
(e) Other
Non-current assets |
12.202 |
15.274 |
285.511 |
|
Total Non-Current
Assets |
1583.470 |
1447.732 |
751.121 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1016.734 |
541.048 |
631.294 |
|
(c) Trade
receivables |
349.551 |
306.391 |
341.072 |
|
(d) Cash and
bank balances |
33.084 |
33.214 |
68.750 |
|
(e)
Short-term loans and advances |
271.391 |
141.931 |
515.570 |
|
(f) Other
current assets |
0.977 |
0.980 |
0.000 |
|
Total Current
Assets |
1671.737 |
1023.564 |
1556.686 |
|
|
|
|
|
|
TOTAL |
3255.207 |
2471.296 |
2307.807 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2631.560 |
3108.265 |
3775.334 |
|
|
Other Income |
30.665 |
58.650 |
58.576 |
|
|
TOTAL |
2662.225 |
3166.915 |
3833.910 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1674.156 |
2539.602 |
3166.194 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(12.235) |
12.981 |
38.912 |
|
|
Employee benefit expense |
118.388 |
77.877 |
68.409 |
|
|
Other expenses |
417.353 |
329.065 |
303.000 |
|
|
TOTAL |
2197.662 |
2959.525 |
3576.515 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
464.563 |
207.390 |
257.395 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
48.808 |
28.949 |
27.044 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
415.755 |
178.441 |
230.351 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
99.028 |
35.581 |
38.938 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
316.727 |
142.860 |
191.413 |
|
|
|
|
|
|
|
Less |
TAX |
74.229 |
50.417 |
63.750 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
242.498 |
92.443 |
127.663 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
831.668 |
1022.133 |
1271.085 |
|
|
TOTAL EARNINGS |
831.668 |
1022.133 |
1271.085 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
1194.678 |
1553.569 |
2141.605 |
|
|
Capital Goods |
10.104 |
115.860 |
0.000 |
|
|
TOTAL IMPORTS |
1204.782 |
1669.429 |
2141.605 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
60.62 |
23.11 |
31.92 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
83.011 |
23.057 |
NA |
|
Net cash flows from (used in) operations |
5.438 |
392.744 |
263.038 |
|
Net cash flows from (used in) operating activities |
(34.264) |
344.008 |
198.206 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365) |
48.48 |
35.98 |
32.97 |
|
|
|
|
|
|
Account Receivables Turnover (Income /
Sunday Debtors) |
7.53 |
10.14 |
11.07 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
99.03 |
53.73 |
81.79 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.46 |
0.38 |
0.41 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.50 |
0.26 |
0.98 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.50 |
0.41 |
0.44 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.42 |
0.27 |
0.08 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.75 |
0.57 |
0.78 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.58 |
0.58 |
0.21 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
9.52 |
7.16 |
9.52 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT
/ Sales) * 100] |
% |
9.21 |
2.97 |
3.38 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
7.45 |
3.74 |
5.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
14.97 |
6.71 |
9.93 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.37 |
1.31 |
1.55 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.54 |
0.62 |
0.92 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.50 |
0.56 |
0.56 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
17.08 |
9.14 |
2.45 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.37 |
1.31 |
1.55 |
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 |
40.000 |
40.000 |
40.000 |
|
Reserves & Surplus |
1245.397 |
1337.841 |
1580.338 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1285.397 |
1377.841 |
1620.338 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
219.043 |
311.293 |
|
Short term borrowings |
98.159 |
123.526 |
288.916 |
|
Total
borrowings |
98.159 |
342.569 |
600.209 |
|
Debt/Equity
ratio |
0.076 |
0.249 |
0.370 |
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 |
3775.334 |
3108.265 |
2631.560 |
|
|
|
(17.669) |
(15.337) |
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 |
3775.334 |
3108.265 |
2631.560 |
|
Profit/ (Loss) |
127.663 |
92.443 |
242.498 |
|
|
3.38% |
2.97% |
9.21% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
|
31.03.2017 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
40.000 |
|
(b) Reserves &
Surplus |
|
|
1603.977 |
|
(c) Money received
against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
|
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
|
1643.977 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
1199.252 |
|
(b) Deferred tax
liabilities (Net) |
|
|
55.753 |
|
(c) Other long term
liabilities |
|
|
0.000 |
|
(d) long-term provisions |
|
|
48.533 |
|
Total Non-current Liabilities
(3) |
|
|
1303.538 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
419.541 |
|
(b) Trade payables |
|
|
481.474 |
|
(c) Other current
liabilities |
|
|
388.501 |
|
(d) Short-term provisions |
|
|
171.873 |
|
Total Current Liabilities
(4) |
|
|
1461.389 |
|
|
|
|
|
|
TOTAL |
|
|
4408.904 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
1035.524 |
|
(ii) Intangible Assets |
|
|
12.259 |
|
(iii) Capital
work-in-progress |
|
|
1379.749 |
|
(iv) Intangible assets
under development |
|
|
0.000 |
|
(b) Non-current
Investments |
|
|
7.500 |
|
(c) Deferred tax assets
(net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
85.374 |
|
(e) Other Non-current
assets |
|
|
12.201 |
|
Total Non-Current Assets |
|
|
2532.607 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
1114.447 |
|
(c) Trade receivables |
|
|
405.234 |
|
(d) Cash and cash
equivalents |
|
|
61.769 |
|
(e) Short-term loans and
advances |
|
|
293.602 |
|
(f) Other current assets |
|
|
1.245 |
|
Total Current Assets |
|
|
1876.297 |
|
|
|
|
|
|
TOTAL |
|
|
4408.904 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
|
31.03.2017 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
2967.413 |
|
|
Other Income |
|
|
36.026 |
|
|
TOTAL |
|
|
3003.439 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
|
1895.289 |
|
|
Purchases of
Stock-in-Trade |
|
|
2.165 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
|
(19.238) |
|
|
Employees benefits
expense |
|
|
157.645 |
|
|
Other expenses |
|
|
480.555 |
|
|
TOTAL |
|
|
2516.416 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
|
487.023 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
|
52.975 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
|
434.048 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
|
117.994 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
|
316.054 |
|
|
|
|
|
|
|
Less |
TAX |
|
|
74.229 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
|
241.825 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
60.46 |
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 |
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 |
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 |
CORPORATE INFORMATION
The Company is a domestic public limited company with registered office situated at 63, Rama Marg, Najafgarh Road, New Delhi-110015, having three manufacturing units domiciled in India, incorporated under the provisions of the Companies Act, 1956. The company is engaged in the manufacturing and selling of secondary plasticizer, Chlorinated Paraffin and Tri Cresyl Phosphate, Tri Phenyl Phosphate and its bye products. The company has also started manufacturing of Benzyl Products during the reporting financial year. The company caters to both domestic as well as international markets.
UNSECURED LOANS:
|
PARTICULAR |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand from others |
28.008 |
2.101 |
|
Total |
28.008 |
2.101 |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C74176231 |
10609466 |
HDFC BANK LIMITED |
16/11/2015 |
- |
- |
450000000.0 |
E-13/29, 2nd Floor, Harsha Bhavan, Middle Circle, Connaught Place, New Delhi-110001, India |
|
2 |
G17207770 |
10014186 |
State Bank Of India |
09/06/2006 |
23/09/2016 |
- |
1370000000.0 |
Commercial Branch N-3, South Extension-I, New Delhi-110049, India |
|
3 |
G39774252 |
10404506 |
State Bank Of India |
30/01/2013 |
- |
28/03/2017 |
2396300000.0 |
Commercial Branch N-3, South Extension-I, New Delhi-110049, India |
|
4 |
B79507091 |
90043133 |
SBI |
07/07/2001 |
04/07/2003 |
01/07/2013 |
42500000.0 |
Commercial Branch N-3, South Extension-I, New Delhi-110049, India |
|
5 |
A01824788 |
80005699 |
STATE BANK OF INDIA |
28/08/2001 |
- |
30/06/2006 |
0.0 |
Commercial Branch N-3, South Extension-I, New Delhi-110049, India |
|
6 |
A01824598 |
90043178 |
STATE BANK OF INDIA |
28/08/2001 |
13/07/2002 |
30/03/2006 |
0.0 |
Commercial Branch N-3, South Extension-I, New Delhi-110049, India |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Claims against company not acknowledged as debt |
17.419 |
17.419 |
|
Guarantees |
44.061 |
2439.010 |
|
Total |
61.480 |
2456.429 |
FIXED ASSETS:
Tangible Asset:
- Land
- Building
- Plant and equipment
- Furniture and Fixture
- Factory equipments
- Office equipment
- Computer
- Vehicles
Intangible Asset:
- Computer software
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 64.80 |
|
|
1 |
INR 92.26 |
|
Euro |
1 |
INR 80.76 |
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
BHG |
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.