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|
|
MIRA INFORM REPORT
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Report No. : |
500733 |
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Report Date : |
29.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
LUMINOUS POWER TECHNOLOGIES PRIVATE LIMITED (w.e.f. 07.06.2007) |
|
|
|
|
Formerly Known
As : |
LUMINOUS
POWER TECHNOLOGIES LIMITED (w.e.f. 23.08.2006) LUMINOUS POWER TECHNOLOGIES PRIVATE LIMITED |
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|
|
Registered
Office : |
C-56, Mayapuri Indutrial Area, Phase II, Mayapuri, New Delhi-110064 |
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Tel. No.: |
91-11-40122300/ 400 |
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Country : |
India |
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|
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Financials (as
on) : |
31.03.2017 |
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|
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Date of
Incorporation : |
10.06.1988 |
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|
|
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Com. Reg. No.: |
55-032019 |
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|
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Capital
Investment / Paid-up Capital : |
INR 135.539 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U74899DL1988PTC032019 |
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|
|
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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|
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELS04188C |
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|
|
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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|
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PAN No.: [Permanent Account No.] |
AAACS3561K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Subject is engaged in the manufacturing of inverters, batteries, Un-interrupted Power Supply (UPS) and Home electrical products and is also engaged in the trading of a range of electronics goods including inverters, batteries, UPS, home electricals manufactured by other entities. (Registered activity) |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Maximum Credit Limit : |
USD 20000000 |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a wholly owned subsidiary of “Schneider Electric South East Asia (HQ) Pte Ltd”, Singapore. The company was incorporated in the year 1988. It is a subject is engaged in the manufacturing of inverters, batteries, Un-interrupted Power Supply (UPS) and Home electrical products and is also engaged in the trading of a range of electronics goods including inverters, batteries, UPS, home electricals manufactured by other entities. For the financial year 2017, the revenue of the company has increased by 8.78% along with average profit margin of 5.37%. The healthy financial profile of the company is marked by strong networth base along with strong debt coverage indicators due to low debt balance sheet profile. The company has favourable Earning Per Share (EPS) of INR 110.82 against a face value (FV) of INR 10. Rating takes into consideration strong financial and managerial support that the company receives from its holding entity backed by its well experienced management team. The rating also takes into consideration the subject’s long established track record of business operations along with extensive experience of its promoters. However, these rating strengths are partially offset by vulnerability of profitability to volatility in input costs and seasonality of demand, and exposure to intense competition. Business is active. Payment seems to be regular. In view of aforesaid, the company can be considered for good 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 = AA+ |
|
Rating Explanation |
High degree of safety and very low credit risk. |
|
Date |
01.03.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
01.03.2017 |
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 29.03.2018
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
MANAGEMENT NON-COOPERATIVE: Tel. No.:
91-11-40122300
Tel. No.: 91-124-4776700 – Ringing
LOCATIONS
|
Registered Office : |
C-56, Mayapuri Indutrial Area, Phase II, Mayapuri, New Delhi-110064,
India |
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Tel. No.: |
91-11-40122300/ 400 |
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Fax No.: |
91-11-40122333 |
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E-Mail : |
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Website : |
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Corporate Office : |
Plot No. 150, Sector 44, Gurugram-122003, Haryana, India |
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Tel. No.: |
91-124-4776700 / 4776886 |
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Fax No.: |
91-124-2544170 |
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E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Javed Ahmad |
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Designation : |
Director |
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Address : |
3B, Regency Heights, Cleveland Road, Fraser Town,
Bangalore-560005, Karnataka, India |
||||||||||||||||||||||||
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Date of Birth/Age : |
11.05.1967 |
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Date of Appointment : |
21.08.2012 |
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DIN No.: |
01705373 |
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Other Directorship:
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Name : |
Brij Bhushan Nagpal |
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Designation : |
Wholetime Director |
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Address : |
P-2, Ground Floor, Hauz Khas Enclave, New Delhi-110016, India |
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Date of Birth/Age : |
13.12.1958 |
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Qualification : |
M.Com, CS, LLB, CBA |
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Date of Appointment : |
01.06.2015 |
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DIN No.: |
01853613 |
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Other Directorship:
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Name : |
Olivier Pascal Marius Blum |
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Designation : |
Director |
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Address : |
3/35, Shanti Niketan, New Delhi-110021, India |
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Date of Birth/Age : |
13.101970 |
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Date of Appointment : |
21.08.2012 |
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DIN No.: |
02075443 |
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Other Directorship:
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||||||||||||||||||||||||
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Name : |
Anil Chaudhry |
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Designation : |
Director |
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Address : |
Apartment No. C 061, The Belaire DLF City, Phase 5, Golf
Course Road, Gurugram-122001, Haryana, India |
||||||||||||||||||||||||
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Date of Birth/Age : |
11.03.1961 |
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Date of Appointment : |
28.09.2015 |
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DIN No.: |
03213517 |
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Other Directorship:
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||||||||||||||||||||||||
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Name : |
Vipul Sabharwal |
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Designation : |
Managing Director |
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Address : |
I-701, Ambience Appartments, Nh-8, Gurugram-122002,
Haryana, India |
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Date of Birth/Age : |
04.08.1961 |
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Qualification : |
MBA |
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Date of Appointment : |
07.11.2014 |
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DIN No.: |
03429263 |
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Other Directorship:
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Name : |
Manish Pant |
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Designation : |
Director |
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Address : |
LCG 203B Labernum, Sushant Lok, Block-A, Sector-28 Gurugram-122002, Haryana, India |
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Date of Birth/Age : |
27.07.1969 |
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Date of Appointment : |
06.11.2014 |
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DIN No.: |
03548505 |
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Other Directorship:
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Name : |
QI YIFU |
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Designation : |
Director |
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Address : |
No.402, Door 1, Building 24 Donglixin, Erqijuchang Road,
Xicheng District, Beijing 100045 CN |
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Date of Appointment : |
30.08.2017 |
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DIN No.: |
07750722 |
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Name : |
Cecile Pellegrin |
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Designation : |
Additional Director |
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Address : |
18 Route de Chartreuse La Tronche 38700 FR |
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Date of Appointment : |
16.02.2018 |
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DIN No.: |
08068874 |
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KEY EXECUTIVES
|
Name : |
Mr. Ashish Kumar Pandey |
|
Designation : |
Company Secretary |
|
Address : |
C-23, Ground Floor, Ashok Enclave Part – II, Sector -37,
Amar Nagar, Faridabad – 121003, Haryana, India |
|
Date of Birth/Age : |
23.08.1977 |
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Qualification : |
CS, LLB |
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Date of Appointment : |
14.01.2016 |
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PAN No: |
AKXPP2127N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Schneider Electric South East Asia (HQ) Pte. Limited |
|
13553850 |
|
Schneider Electric Singapore Pte. Limited (Nominee of Schneider
Electric South East Asia (Pte. Limited) |
|
1 |
|
Total |
|
13553851 |
Equity Share Break up (Percentage of Total Equity)
As on 30.08.2017
|
Category |
Percentage |
|
Promoter - Bodies
corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Subject is engaged in the manufacturing of inverters, batteries, Un-interrupted Power Supply (UPS) and Home electrical products and is also engaged in the trading of a range of electronics goods including inverters, batteries, UPS, home electricals manufactured by other entities. (Registered activity) |
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Products : |
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||||||
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|
||||||
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Brand Names : |
Not Divulged |
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||||||
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Agencies Held : |
Not Divulged |
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||||||
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Exports : |
Not Divulged |
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||||||
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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 declined by the management |
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|
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Bankers : |
|
||||||||||||||||||||||
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Facilities : |
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Auditors : |
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|
Name : |
S. R. Batliboi and Company LLP Chartered Accountants |
|
Address : |
Golf View, Corporate Tower-B, Sector-42, Sector Road, Gurugram – 122002, Haryana, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ACHFS9180N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
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Holding Company : |
|
|
|
|
|
Ultimate Holding
Company : |
|
|
|
|
|
Fellow Subsidiary
company: |
U32109KA1997PTC029635
U74899DL1995PTC065815
L31900GJ2011PLC064420
|
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives: |
U51103DL2007PTC162453
U51909DL2014FTC265518
U31909DL2012PTC230308
U41000DL2011PTC219758
U93000DL2011PTC222104 |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
95000000 |
Equity Shares |
INR 10/- each |
INR 950.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13553851 |
Equity Shares |
INR 10/- each |
INR 135.539 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 |
135.539 |
135.539 |
135.539 |
|
(b) Reserves and Surplus |
6997.939 |
5490.441 |
4281.860 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
7133.478 |
5625.980 |
4417.399 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
10.571 |
97.982 |
376.323 |
|
(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 |
233.409 |
205.039 |
209.311 |
|
Total Non-current
Liabilities (3) |
243.980 |
303.021 |
585.634 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
200.000 |
1015.823 |
1898.186 |
|
(b) Trade
payables |
5206.286 |
4516.701 |
4269.536 |
|
(c) Other
current liabilities |
657.779 |
933.395 |
826.041 |
|
(d) Short-term
provisions |
665.443 |
509.561 |
468.253 |
|
Total Current
Liabilities (4) |
6729.508 |
6975.480 |
7462.016 |
|
|
|
|
|
|
TOTAL |
14106.966 |
12904.481 |
12465.049 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1863.378 |
2021.820 |
1687.219 |
|
(ii)
Intangible Assets |
71.023 |
93.796 |
107.165 |
|
(iii) Tangible assets capital
work-in-progress |
89.805 |
34.709 |
46.118 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
82.419 |
90.364 |
0.828 |
|
(c) Deferred tax assets (net) |
797.886 |
884.452 |
175.297 |
|
(d)
Long-term loans and advances |
55.685 |
59.800 |
1054.527 |
|
(e) Other
Non-current assets |
223.968 |
201.523 |
107.124 |
|
Total Non-Current
Assets |
3184.164 |
3386.464 |
3178.278 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
4466.024 |
2961.223 |
4109.844 |
|
(c) Trade
receivables |
4571.754 |
5143.642 |
4524.805 |
|
(d) Cash and
bank balances |
1548.605 |
1058.535 |
398.153 |
|
(e)
Short-term loans and advances |
75.992 |
90.245 |
231.824 |
|
(f) Other
current assets |
260.427 |
264.372 |
22.145 |
|
Total
Current Assets |
10922.802 |
9518.017 |
9286.771 |
|
|
|
|
|
|
TOTAL |
14106.966 |
12904.481 |
12465.049 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
27983.908 |
25725.883 |
22718.280 |
|
|
Other Income |
194.406 |
110.248 |
115.267 |
|
|
TOTAL |
28178.314 |
25836.131 |
22833.547 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
16017.146 |
13234.452 |
14404.920 |
|
|
Purchases of
Stock-in-Trade |
4326.315 |
3086.860 |
2941.591 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1350.504) |
1023.709 |
(1451.688) |
|
|
Employee benefit expense |
2222.518 |
2105.670 |
1918.493 |
|
|
CSR expenditure |
6.417 |
4.693 |
6.500 |
|
|
Other expenses |
4374.960 |
4196.853 |
3855.678 |
|
|
TOTAL |
25596.852 |
23652.237 |
21675.494 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
2581.462 |
2183.894 |
1158.053 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
77.815 |
211.653 |
385.233 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
2503.647 |
1972.241 |
772.820 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
477.625 |
410.698 |
408.797 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
2026.022 |
1561.543 |
364.023 |
|
|
|
|
|
|
|
Less |
TAX |
523.895 |
372.986 |
(154.423) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
1502.127 |
1188.557 |
518.446 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
110.82 |
87.69 |
38.25 |
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 |
|
Net cash flows from (used in) operations |
2400.691 |
3146.929 |
1457.837 |
|
Net cash flows from (used in) operating activities |
1944.846 |
2820.970 |
1274.911 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
59.63 |
72.98 |
72.70 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
6.12 |
5.00 |
5.02 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
93.41 |
101.01 |
89.84 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.58 |
0.74 |
0.28 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.28 |
1.02 |
0.63 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.48 |
0.55 |
0.63 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.03 |
0.20 |
0.51 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.94 |
1.24 |
1.69 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.28 |
0.38 |
0.42 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
33.17 |
10.32 |
3.01 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
5.37 |
4.62 |
2.28 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
10.65 |
9.21 |
4.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
21.06 |
21.13 |
11.74 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.62 |
1.36 |
1.24 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.96 |
0.94 |
0.69 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.51 |
0.44 |
0.35 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1.55 |
8.22 |
16.78 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.62 |
1.36 |
1.24 |
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 |
135.539 |
135.539 |
135.539 |
|
Reserves & Surplus |
4281.860 |
5490.441 |
6997.939 |
|
Net
worth |
4417.399 |
5625.980 |
7133.478 |
|
|
|
|
|
|
Long-term borrowings |
376.323 |
97.982 |
10.571 |
|
Short term borrowings |
1898.186 |
1015.823 |
200.000 |
|
Total
borrowings |
2274.509 |
1113.805 |
210.571 |
|
Debt/Equity
ratio |
0.515 |
0.198 |
0.030 |
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 |
22718.280 |
25725.883 |
27983.908 |
|
|
0.000 |
13.239 |
8.777 |
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 |
22718.280 |
25725.883 |
27983.908 |
|
Profit/ (Loss) |
518.446 |
1188.557 |
1502.127 |
|
|
2.28
% |
4.62
% |
5.37
% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
135.539 |
135.539 |
|
(b) Reserves and Surplus |
|
6997.563 |
5488.644 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
7133.102 |
5624.183 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
10.571 |
97.982 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
233.409 |
205.039 |
|
Total Non-current
Liabilities (3) |
|
243.980 |
303.021 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
200.000 |
1015.823 |
|
(b) Trade
payables |
|
5206.322 |
4518.297 |
|
(c) Other
current liabilities |
|
657.779 |
933.395 |
|
(d) Short-term
provisions |
|
665.443 |
509.561 |
|
Total Current
Liabilities (4) |
|
6729.544 |
6977.076 |
|
|
|
|
|
|
TOTAL |
|
14106.626 |
12904.280 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
1863.378 |
2021.820 |
|
(ii)
Intangible Assets |
|
71.023 |
93.796 |
|
(iii) Tangible assets capital
work-in-progress |
|
89.805 |
34.709 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
81.919 |
89.864 |
|
(c) Deferred tax assets (net) |
|
797.886 |
884.452 |
|
(d)
Long-term loans and advances |
|
55.685 |
59.800 |
|
(e) Other
Non-current assets |
|
223.968 |
201.523 |
|
Total Non-Current
Assets |
|
3183.664 |
3385.964 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
4466.024 |
2961.222 |
|
(c) Trade
receivables |
|
4571.754 |
5143.642 |
|
(d) Cash and
bank balances |
|
1548.763 |
1066.074 |
|
(e)
Short-term loans and advances |
|
75.992 |
83.004 |
|
(f) Other
current assets |
|
260.429 |
264.374 |
|
Total
Current Assets |
|
10922.962 |
9518.316 |
|
|
|
|
|
|
TOTAL |
|
14106.626 |
12904.280 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
27983.908 |
25726.699 |
|
|
Other Income |
|
194.827 |
128.849 |
|
|
TOTAL |
|
28178.735 |
25855.548 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
16017.146 |
13234.544 |
|
|
Purchases of
Stock-in-Trade |
|
4326.315 |
3086.860 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(1350.504) |
1023.709 |
|
|
Employee benefit expense |
|
2222.518 |
2106.502 |
|
|
CSR expenditure |
|
6.417 |
4.694 |
|
|
Other expenses |
|
4373.802 |
4199.999 |
|
|
TOTAL |
|
25595.694 |
23656.308 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
2583.041 |
2199.240 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
77.815 |
211.824 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
2505.226 |
1987.416 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
477.625 |
410.760 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
2027.601 |
1576.656 |
|
|
|
|
|
|
|
Less |
TAX |
|
523.886 |
372.986 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
1503.715 |
1203.670 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
110.94 |
88.81 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
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
Subject (“the Company”) is a Private Limited Company domiciled in India and incorporated under the provisions of the Companies Act on June 10, 1988. The Company is engaged in the manufacturing of inverters, batteries, Un-interrupted Power Supply (UPS) and Home electrical products and is also engaged in the trading of a range of electronics goods including inverters, batteries, UPS, home electricals manufactured by other entities.
FUTURE OUTLOOK
The Company's strategy continues to become a power back up and home electrical company. In power back up market, the company continues to grow in inverter and battery segment, at the same time growth has accelerated strongly in solar as well. The company has introduced multiple new products and invested in channel growth and brand building to achieve these results. Focus on home electrical business continues, in line with last year. There is significant work going on in channel, brand and products portfolio strengthening in home electrical as well. The company has entered into Switches and LED lighting categories this year, which will help the home electrical business to grow even faster.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Term loans from others |
0.000 |
88.440 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Rupee term loans from banks |
200.000 |
1015.823 |
|
Total |
200.000 |
1104.263 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G78807187 |
100158983 |
ICICI BANK LIMITED |
19/02/2018 |
- |
- |
586764.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
2 |
G78773033 |
100158938 |
ICICI BANK LIMITED |
12/02/2018 |
- |
- |
591545.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
3 |
G74648833 |
100149545 |
ICICI BANK LIMITED |
30/12/2017 |
- |
- |
364000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
4 |
G64166069 |
100135499 |
ICICI BANK LIMITED |
27/10/2017 |
- |
- |
445249.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
5 |
G52714466 |
100121143 |
ICICI BANK LIMITED |
19/08/2017 |
- |
- |
1260014.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
6 |
G37456175 |
100080988 |
ICICI BANK LIMITED |
09/02/2017 |
- |
- |
630000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
7 |
G37536315 |
100081182 |
ICICI BANK LIMITED |
09/02/2017 |
- |
- |
630000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
8 |
G36198406 |
100077980 |
ICICI BANK LIMITED |
03/02/2017 |
- |
- |
811696.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
9 |
G32387011 |
100069900 |
ICICI BANK LIMITED |
08/12/2016 |
- |
- |
630000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
10 |
G29616679 |
100065565 |
ICICI BANK LIMITED |
18/11/2016 |
- |
- |
400000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007I |
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Office building
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
- Motor Vehicles
- Computer equipments
- Leasehold improvements
Intangible assets
- Brands and trade marks
- Brands
- 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 64.79 |
|
|
1 |
INR 92.25 |
|
Euro |
1 |
INR 80.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
SLK |
|
|
|
|
Analysis Done by
: |
VRS |
|
|
|
|
Report Prepared
by : |
SUJ |
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.