|
|
|
MIRA INFORM REPORT
|
Report No. : |
499568 |
|
Report Date : |
29.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
ORIENT CRAFT LIMITED |
|
|
|
|
Registered
Office : |
F-8, Okhla Industrial Area, Phase-I, New Delhi - 110020 |
|
Tel. No.: |
91-11-26811190 / 26385862 / 26813511 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of Incorporation
: |
28.02.1978 |
|
|
|
|
Com. Reg. No.: |
55-008890 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 197.742 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1978PLC008890 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAAC00068M |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacture of all types of textile garments and clothing accessories. (Registered activity) |
|
|
|
|
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 |
|
Maximum Credit Limit : |
USD 18000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject was incorporated in the year 1978 and it is a manufacturer, importer and exporter of all kind of readymade garments. As per Registrar of Companies, the date of filling its financials is shown as 31.03.2017 but documents related to the financials of 31.03.2017 are not available from any other sources. As per financials of March 2016, the company has registered a growth of 17.47% in its revenue as compared to its previous year’s revenue and has reported minimal profit margin of 0.96%. Rating takes into consideration the company’s long established track record of business operations marked by healthy net worth base along with average debt coverage indicators and good liquidity position. Rating also takes into account the strong market position as a leading readymade garment exporter in India, and a longstanding relationship with reputed brands. Further, the company has reported earnings per share of INR 9.64 against its face value of INR 10. However, rating strength is partially offset by susceptibility to fluctuations in foreign exchange (forex) rates. Payments terms seem to be regular. In view of aforesaid, the company can be considered good for business dealing at normal 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 = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
12.07.2017 |
|
|
|
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
12.07.2017 |
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 PARTED DENIED BY
|
Name : |
Mr. Balraj Arora |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-11-26811190 / 26385862 |
|
Date : |
28.03.2018 |
91-11-26813511 / 8247 / 8250 / 8249 / 26389196 / 26918279 (NOT WORKING)
LOCATIONS
|
Registered Office : |
F-8, Okhla Industrial Area, Phase-I, New Delhi – 110020, India |
|
Tel. No.: |
91-11-26811190 / 26385862 / 26813511 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
Plot No. 80 P, Sector-34, Near Hero Honda Chowk, Gurgaon-122001 India |
|
Tel. No.: |
91-124-4511300 |
|
Fax No.: |
91-124-4511330 |
|
|
|
|
Corporate Office : |
7D, Maruti Industrial Area. Sector 18, Gurgaon - 122015, Haryana, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Ashok Kumar Munjal |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
40, Ghitorni Mehruli, Gurgaon Road, Opposite NBCC Limited, New Delhi –
110030, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
14.02.1951 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
LLB |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
24.05.2006 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ADQPM8088B |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00003843 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Anoop Thatai |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
A-25/14, DLF Qutab Enclave, Phase – I, Gurgaon – 122002, Haryana,
India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
11.02.1964 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Post Graduate |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
10.01.1994 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AAAPT0914G |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00004666 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Krishan Kant Kohli |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
A-2, Geetanjali Enclave, Malviya Nagar, New Delhi – 110017, India n |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
31.10.1950 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Post Graduate |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
03.12.1979 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AALPK4611N |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00004853 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sudhir Dhingra |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
F-25, Radhey Mohan Drive, Bandh Road Gadaipur, Mehrauli, New Delhi –
110030, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
17.03.1948 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.07.1988 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AAFPD7443K |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00006048 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sahil Dhingra |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Wholetime Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
AR-915 A, The Aralias, DLF Golf Links, DLF Phase-IV, Gurgaon – 122009,
Haryana, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
08.08.1978 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
13.09.2007 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AFJPD9387B |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00006054 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Ms. Shilpa Dhingra |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
F-25, Radhey Mohan Drive, Bandh Road Gadaipur, Mehrauli, New Delhi –
110030, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
21.09.1975 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
31.03.2015 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AFCPD8331E |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00012802 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ajit Kumar Sahay |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
B-602, Rishi Apartments, Alaknanda, New Delhi – 110019, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.01.1955 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
LLB |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
04.08.2009 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ABBPS8596B |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00106473 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ranvir Kumar Sood |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
E-7/697 Arera Colony, Bhopal – 462016, Madhya Pradesh, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.05.1945 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Ph.D |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
29.07.2015 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ACIPS9748K |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00206576 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Anoop Dhanda |
|
Designation : |
Chief Exceutive Officer |
|
Address : |
C-12/14, DLF Phase - I, Gurgaon – 122002, Haryana, India |
|
Date of Birth/Age : |
27.01.1956 |
|
Qualification : |
Chartered Accountant |
|
Date of Appointment : |
28.08.2014 |
|
PAN No.: |
AAGPD8398C |
|
|
|
|
Name : |
Mr. Alok Narayan Pandey |
|
Designation : |
Company Secretary |
|
Address : |
S - 173, First Floor, Uppal South End Floors, Gurgaon Sohna Road,
Gurgaon – 122002, Haryana, India |
|
Date of Birth/Age : |
21.07.1972 |
|
Qualification : |
CS |
|
Date of Appointment : |
01.07.2006 |
|
PAN No.: |
AFQPP2481M |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Sudhir Dhingra |
|
11336277 |
|
Anoop Thatai |
|
3858814 |
|
Krishna Kant Kohli |
|
3858814 |
|
Lalita Nandlal Dhingra |
|
161211 |
|
Sahil Dhingra |
|
23403 |
|
Manju Dhingra |
|
8700 |
|
Anoop Dhanda |
|
8700 |
|
Aman Dhingra |
|
9980 |
|
Vacaria Limited |
|
288082 |
|
Varenga Limited |
|
96025 |
|
Tyrma Limited |
|
96025 |
|
Nikita Properties Private Limited |
|
28180 |
|
|
|
|
|
Total |
|
19774211 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
96.48 |
|
Public – (Individual/ Hindu
Undivided Family – Indian) |
0.95 |
|
Public - Bodies corporate |
2.57 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture of all types of textile garments and clothing accessories. (Registered activity) |
||||||||||
|
|
|
||||||||||
|
Products : |
|
||||||||||
|
|
|
||||||||||
|
Brand Names : |
Not Divulged |
||||||||||
|
|
|
||||||||||
|
Agencies Held : |
Not Divulged |
||||||||||
|
|
|
||||||||||
|
Exports : |
Not Divulged |
||||||||||
|
|
|
||||||||||
|
Imports : |
Not Divulged |
||||||||||
|
|
|
||||||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : (From Indirect Source) |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
V.K. Dhingra and Co. Chartered Accountants |
|
Address : |
1-E/15, Jhandewalan Extension, New Delhi – 110055, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFV7051N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiaries : |
U18101DL2001PLC111155
U70101DL1997PTC087863 |
|
|
|
|
Associates : |
U45201DL2005PLC140142 |
|
|
|
|
|
U18109DL2011PLC222847
U18101DL2003PTC119537
U18204DL2007PTC161149
U74899DL1988PTC030346
U74899DL1985PTC020026
U64201PB1992PLC011919
U74899DL1986PTC025858
U74899DL1994PTC062134
U18109DL2015PTC280732
U18101DL2002PTC118063
U70101DL2003PTC120426
U40106HR2010PTC040695
U31100HR2011PTC044411
U18101DL2000PTC105100
U70101DL1996PTC083569
U74899DL1988PTC030443
|
CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60000000 |
Equity Shares |
INR 10/- each |
INR 600.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
19774211 |
Equity Shares |
INR 10/- each |
INR 197.742
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
197.742 |
197.742 |
197.742 |
|
(b) Reserves and Surplus |
6056.966 |
5855.127 |
5820.461 |
|
(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) |
6254.708 |
6052.869 |
6018.203 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3049.192 |
3534.063 |
2449.013 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
176.942 |
137.162 |
128.337 |
|
(d) long-term
provisions |
311.521 |
248.192 |
218.842 |
|
Total Non-current
Liabilities (3) |
3537.655 |
3919.417 |
2796.192 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
4339.757 |
4318.813 |
4662.184 |
|
(b) Trade
payables |
1208.958 |
1721.900 |
1293.998 |
|
(c) Other
current liabilities |
1707.291 |
1613.826 |
1638.125 |
|
(d) Short-term
provisions |
33.283 |
32.289 |
6.660 |
|
Total Current
Liabilities (4) |
7289.289 |
7686.828 |
7600.967 |
|
|
|
|
|
|
TOTAL |
17081.652 |
17659.114 |
16415.362 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
5586.776 |
5652.072 |
5737.670 |
|
(ii)
Intangible Assets |
33.743 |
20.515 |
11.895 |
|
(iii) Tangible assets
capital work-in-progress |
14.834 |
76.369 |
12.406 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
751.985 |
751.985 |
762.985 |
|
(c) Deferred tax assets (net) |
315.205 |
288.587 |
174.475 |
|
(d)
Long-term loans and advances |
1152.841 |
1036.834 |
1051.902 |
|
(e) Other
Non-current assets |
373.926 |
430.569 |
425.727 |
|
Total Non-Current
Assets |
8229.310 |
8256.931 |
8177.060 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
5576.759 |
5531.164 |
4010.422 |
|
(c) Trade
receivables |
1935.562 |
1988.288 |
2268.633 |
|
(d) Cash and
bank balances |
489.026 |
874.669 |
65.902 |
|
(e)
Short-term loans and advances |
414.862 |
445.725 |
1208.225 |
|
(f) Other current
assets |
436.133 |
562.337 |
685.120 |
|
Total
Current Assets |
8852.342 |
9402.183 |
8238.302 |
|
|
|
|
|
|
TOTAL |
17081.652 |
17659.114 |
16415.362 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
19957.772 |
16989.214 |
16450.662 |
|
|
Other Income |
452.372 |
408.720 |
113.534 |
|
|
TOTAL |
20410.144 |
17397.934 |
16564.196 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
8772.267 |
7994.779 |
7679.016 |
|
|
Purchases of
Stock-in-Trade |
748.575 |
542.851 |
354.572 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(385.972) |
(947.451) |
(267.388) |
|
|
Employee benefit expense |
4617.431 |
3211.473 |
2605.471 |
|
|
CSR expenditure |
1.166 |
2.007 |
0.000 |
|
|
Other expenses |
4989.072 |
4914.445 |
4182.541 |
|
|
Extraordinary items before tax |
(59.817) |
73.045 |
0.000 |
|
|
TOTAL |
18682.722 |
15791.149 |
14554.212 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1727.422 |
1606.785 |
2009.984 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
909.568 |
928.982 |
774.464 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
817.854 |
677.803 |
1235.520 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
500.481 |
570.347 |
334.489 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
317.373 |
107.456 |
901.031 |
|
|
|
|
|
|
|
Less |
TAX |
126.772 |
54.134 |
291.513 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
190.601 |
53.322 |
609.518 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
17666.344 |
15213.832 |
14986.876 |
|
|
TOTAL EARNINGS |
17666.344 |
15213.832 |
14986.876 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
935.056 |
1096.923 |
1263.100 |
|
|
Capital Goods |
108.559 |
228.968 |
116.218 |
|
|
Stores |
420.512 |
496.303 |
499.544 |
|
|
TOTAL IMPORTS |
1464.127 |
1822.194 |
1878.862 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
9.64 |
2.70 |
30.82 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
802.495 |
737.393 |
936.331 |
|
Net cash flows from (used in) operations |
1359.802 |
1802.622 |
753.956 |
|
Net cash flows from (used in) operating activities |
1336.102 |
1593.913 |
604.171 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
35.40 |
42.72 |
50.34 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
10.31 |
8.54 |
7.25 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
46.35 |
73.61 |
58.79 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.31 |
0.29 |
0.50 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.31 |
0.28 |
0.35 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.65 |
0.68 |
0.67 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
1.31 |
1.42 |
1.34 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ NetWorth) |
|
1.17 |
1.27 |
1.26 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.90 |
0.95 |
0.96 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
1.90 |
1.73 |
2.60 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
0.96 |
0.31 |
3.71 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
1.12 |
0.30 |
3.71 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
3.05 |
0.88 |
10.13 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.21 |
1.22 |
1.08 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.45 |
0.50 |
0.56 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.37 |
0.34 |
0.37 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
41.42 |
43.44 |
40.70 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
1.21 |
1.22 |
1.08 |
Total Liability = Short-term
Debt + Long-term Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
197.742 |
197.742 |
197.742 |
|
Reserves & Surplus |
5820.461 |
5855.127 |
6056.966 |
|
Net
worth |
6018.203 |
6052.869 |
6254.708 |
|
|
|
|
|
|
Long-term borrowings |
2449.013 |
3534.063 |
3049.192 |
|
Short term borrowings |
4662.184 |
4318.813 |
4339.757 |
|
Current maturities of
long-term debts |
936.331 |
737.393 |
802.495 |
|
Total
borrowings |
8047.528 |
8590.269 |
8191.444 |
|
Debt/Equity
ratio |
1.337 |
1.419 |
1.310 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
16450.662 |
16989.214 |
19957.772 |
|
|
|
3.274 |
17.473 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
16450.662 |
16989.214 |
19957.772 |
|
Profit/ (Loss) |
609.518 |
53.322 |
190.601 |
|
|
3.71
% |
0.31
% |
0.96
% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
197.742 |
197.742 |
|
(b) Reserves and Surplus |
|
6053.347 |
5843.976 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
0.007 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
6251.089 |
6041.718 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
3049.189 |
3534.061 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
82.597 |
49.019 |
|
(d) long-term
provisions |
|
311.777 |
248.299 |
|
Total Non-current
Liabilities (3) |
|
3443.563 |
3831.379 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
4445.997 |
4318.813 |
|
(b) Trade
payables |
|
1214.209 |
1723.759 |
|
(c) Other
current liabilities |
|
1711.681 |
1614.700 |
|
(d) Short-term
provisions |
|
33.805 |
32.313 |
|
Total Current
Liabilities (4) |
|
7405.692 |
7689.585 |
|
|
|
|
|
|
TOTAL |
|
17100.351 |
17562.682 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
5586.925 |
5652.342 |
|
(ii)
Intangible Assets |
|
33.743 |
20.515 |
|
(iii) Tangible assets capital
work-in-progress |
|
14.834 |
76.369 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
638.976 |
644.550 |
|
(c) Deferred tax assets (net) |
|
315.301 |
288.630 |
|
(d)
Long-term loans and advances |
|
1154.178 |
1036.844 |
|
(e) Other
Non-current assets |
|
372.721 |
429.495 |
|
Total Non-Current
Assets |
|
8116.678 |
8148.745 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
5613.539 |
5531.165 |
|
(c) Trade
receivables |
|
1980.768 |
1970.982 |
|
(d) Cash and
bank balances |
|
514.097 |
887.365 |
|
(e)
Short-term loans and advances |
|
414.975 |
447.979 |
|
(f) Other
current assets |
|
460.294 |
576.446 |
|
Total
Current Assets |
|
8983.673 |
9413.937 |
|
|
|
|
|
|
TOTAL |
|
17100.351 |
17562.682 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
19972.677 |
17077.872 |
|
|
Other Income |
|
461.435 |
421.356 |
|
|
TOTAL |
|
20434.112 |
17499.228 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
8772.267 |
8072.046 |
|
|
Purchases of
Stock-in-Trade |
|
748.575 |
364.699 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(422.752) |
(968.301) |
|
|
Employee benefit expense |
|
4626.539 |
3252.029 |
|
|
CSR expenditure |
|
1.166 |
2.007 |
|
|
Other expenses |
|
5019.109 |
5024.893 |
|
|
Extraordinary items before tax |
|
(59.817) |
73.045 |
|
|
TOTAL |
|
18685.087 |
15820.418 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
1749.025 |
1678.810 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
912.901 |
935.511 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
836.124 |
743.299 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
500.602 |
635.437 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
335.522 |
107.862 |
|
|
|
|
|
|
|
Less |
TAX |
|
131.809 |
50.061 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
203.713 |
57.801 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
10.302 |
2.923 |
LEGAL
CASE
HIGH COURT
|
VINOD KUMAR JHA MS ORIENT CRAFT LTD AND ANR |
|
high court-Punjab |
|
Case no:CWP-26339-2014 (LAB) |
|
Case status:Pending |
|
Judge:HON'BLE MR. JUSTICE P.B. BAJANTHRI |
|
Date:2016-11-29 |
HIGH COURT
|
VINOD KUMAR JHA MS ORIENT CRAFT |
|
high court-Punjab |
|
Case no:CWP-26339-2014 (LAB) |
|
Case status:Pending |
|
Judge:HON'BLE MR. JUSTICE P.B. BAJANTHRI |
|
Date:2017-11-14 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
STATE OF COMPANY’S
AFFAIRS
The growth in revenue from operations was 17.47% from INR 16989.214 Million in FY 2014-15 to INR 19957.772 Million in FY 2015-16. The current year‘s financial statement depicts a profit before tax of INR 317.373 Million against a profit before tax of INR 107.456 Million in 2014-15.
GENERAL
The Directors state that no disclosure or reporting is required in respect of the following items as there were no transactions on these items during the year :
Details relating to deposits covered under Chapter V of this Act.
Issue or redemption of equity or preference shares.
No significant or material orders were passed by the Regulators or Courts or Tribunals which impact the going concern status and Company’s operations in future.
The Company has not issued securities under Employee Stock Option Scheme pursuant to Section 62(1)(b) of Companies Act, 2013 read with Rule 12(9) of Companies (Share Capital and Debentures) Rules, 2014.
The company has not changed its business during the financial year 2015-16.
The company has neither issued nor completed any issue of equity shares with Differential Rights during the financial year 2015-16.
The company has not issued sweat Equity Shares during financial year 2015-16.
The company has not given any financial assistance to any person for purchase of its shares under Section 67(3) of Companies Act, 2013.
No disclosure is required under Rule 12 of Companies (Share Capital and Debentures) Rules, 2014 in respect of Employee Stock Options.
PERFORMANCE
EVALUATION
During the year, the Board has carried out the evaluation of its own performance, of each Director and of its Committees. The evaluation criteria, inter–alia, covered various aspects of the Board’s functioning including its composition, culture, execution and performance of specific duties, obligations and governance.
The Directors of the Company have discussed the matter and thereafter formulated the process and criteria for undertaking the evaluation required to be conducted under the provisions of the Act by the Board, Nomination and Remuneration Committee and Independent Directors in its respective meetings.
As a part of Evaluation Process, a detailed questionnaire was provided to each Director to evaluate the Board’s performance on parameters such as level of engagement, time devoted, independence of judgment, safeguarding the interest of the Company etc. Individual non-independent directors (Whole-time Directors) were assessed on their effective contribution and commitment to their role and responsibilities by each of the Independent Directors. The ratings of non-independent directors and Board was compiled and placed before the Directors for their discussions and evaluation.
Further, all Directors conducted a self appraisal during the previous year and the appraisal forms were placed before the Board and the Nomination and Remuneration Committee. The Board reviewed the performance of individual Directors, Board and Committees and overall Board functioning. The Companies Act 2013 states that a formal annual evaluation needs to be made by the Board of its own performance and that of its committees and individual directors. The evaluation of all the directors and the Board as a whole was conducted based on the criteria and framework adopted by the Board. The Board approved the evaluation results as collated by the Nomination and Remuneration Committee.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
211.069 |
211.069 |
|
|
|
|
|
Total |
211.069 |
211.069 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G75487744 |
100151096 |
Indian Bank |
11/01/2018 |
- |
- |
290000000.0 |
New Delhi Main Branch,G-41, Connaught Circus,New DelhiDL110001IN |
|
2 |
G74155284 |
100148281 |
HDFC BANK LIMITED |
20/12/2017 |
- |
- |
500000000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
3 |
G55564777 |
100126382 |
Karnataka Bank Ltd. |
11/09/2017 |
- |
- |
100000000.0 |
Overseas Branch, 8-B, Upper Ground FloorPusa Road, Rajendra Park,New DelhiDL110060IN |
|
4 |
G49490105 |
100113170 |
THE SOUTH INDIAN BANK LIMITED |
17/07/2017 |
- |
- |
200000000.0 |
New Delhi Corporate Branch, A 301, 3rd Floor, 148Statesman House, Barakhamba Road, Cannaught PlaceNew DelhiDL110001IN |
|
5 |
G44545846 |
100099510 |
KOTAK MAHINDRA BANK LIMITED |
23/05/2017 |
- |
- |
250000000.0 |
KOTAK AEROCITY,1ST FLOOR,ASSET AREA 9, IBISCOMMERCIAL BLOCK,HOSPITALITY DISTRICT, AEROCITYNEW DELHIDL110037IN |
|
6 |
G39738869 |
100087012 |
Export Import Bank of India |
30/03/2017 |
- |
- |
200000000.0 |
Centre One Building, Floor 21, World Trade CentreComplex, Cuffe Parade,MumbaiMH400005IN |
|
7 |
G39739792 |
100087016 |
Export Import Bank of India |
30/03/2017 |
- |
- |
250000000.0 |
Centre One Building, Floor 21, World Trade CentreComplex, Cuffe Parade,MumbaiMH400005IN |
|
8 |
G40712150 |
100082670 |
Vistra ITCL (India) Limited |
11/03/2017 |
11/04/2017 |
- |
1350000000.0 |
A-268, First Floor,Bhisham Pitamah Marg, Defence Colony,New DelhiDL110024IN |
|
9 |
G32846685 |
100070845 |
Karnataka Bank Ltd. |
28/12/2016 |
- |
- |
150000000.0 |
Overseas Branch, Plot No. 8-B, Upper Ground Floor,Rajendra Park, Pusa RoadDelhiDL110060IN |
|
10 |
G31764087 |
100068779 |
IDBI Bank Limited |
27/12/2016 |
- |
- |
400000000.0 |
Indian Red Cross Society BuildingPost Bag No. 231New DelhiDL110001IN |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
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
|
Information
Gathered by : |
SHAL |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
KJL |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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.