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|
MIRA INFORM REPORT
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Report No. : |
510921 |
|
Report Date : |
28.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
LAMBDA EASTERN TELECOMMUNICATION LIMITED |
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|
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|
Registered
Office : |
108, First Floor, Transport Centre, Rohtak Road, Delhi – 110035 |
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Mobile No.: |
91-9810746135 (Mr. Shyam) |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
31.07.2008 |
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Com. Reg. No.: |
55-181600 |
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Capital
Investment / Paid-up Capital : |
INR 75.000 Million |
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CIN No.: [Company Identification
No.] |
U64200DL2008PLC181600 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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TIN / CST No.: |
06663012897 |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCL5020F |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Providing telecommunication services. [Registered Activity] |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Poor |
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Payment Behaviour : |
Slow and delayed |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2008. As per the financial records of 2017, the company has reported a decline in its revenue as compared to the previous year but has managed to maintain an average net profit margin. The weak financial position of the company is marked by the eroded net worth base. Subject was been found under RBI defaulter’s list the name of the credit grantor is State Bank of India and the amount charged is INR 38.562 million dated 31.12.17 and latest updates about the same are not available. Business is active. Payment seems to be slow and delayed. In view of aforesaid, the company can be considered for business dealings on fully safe and secured trade terms and condition. NOTE: Mr. Shyam (CFO) has claimed that the subject has
changed its name to Lambda Infrasolutions Limited from Lambda Eastern Telecommunication
Limited but the same is not reflected in ROC as it is still under process. |
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
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name has been found enlisted as a defaulter
in the publicly available RBI Defaulters’ list and the details of the same are
as under :
Suit-filed accounts of INR 10.000 million and
above as on 27-May-2018
Borrowers details
|
Borrower name |
LAMBDA EASTERN TELECOMMUNICATION LTD |
|
Address |
108, FIRST FLOOR, TRANSPORT CENTRE, ROHTAK ROAD, DELHI -
110 035 |
Name of Directors Reported by Credit Grantors
Filing the Suit:
|
Sr.No. |
Directors Reported by
Credit Grantors |
DIN Number |
|
|
|||
|
STATE BANK OF INDIA |
|||
|
1 |
KUNJAN ARORA |
||
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2 |
SURINDER ARORA |
||
List of Credit Grantors to which LAMBDA
EASTERN TELECOMMUNICATION LTD is a defaulter:
|
Names of Credit Grantors |
Branch |
Amount |
|
STATE BANK OF INDIA |
SAMB NEW DELHI |
38.562 |
|
|
Total |
38.562 |
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
31-03-2018.
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 28.05.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
|
Name : |
Mr. Shyam Prakash |
|
Designation : |
Chief Financial Officer |
|
Contact No.: |
91-9810746135 |
|
Date : |
25.05.2018 |
LOCATIONS
|
Registered Office : |
108, First Floor, Transport Centre, Rohtak Road, Delhi – 110035, India |
|
Tel. No.: |
Not Available |
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Mobile No.: |
91-9810746135 (Mr. Shyam) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Marketing Office : |
3rd Floor, 117A, New Manglapuri, New Delhi, India |
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Factory : |
Plot No-244/3, Sector- 49, Badkal Pali Road, Sainik Colony, Near Dav
Public School, Faridabad – 121001, Haryana, India |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Ramesh Kumar |
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Designation ; |
Managing Director |
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Address: |
A-31, Grand Mansion Rosewood City, Sector – 49, Gurgaon, Haryana,
India |
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Date of Birth/Age: |
01.12.1950 |
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Date of Appointment : |
15.03.2017 |
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DIN No.: |
01107827 |
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Other Directorship:
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Name : |
Mr. Kunjan Arora |
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Designation : |
Executive Director |
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Address: |
A-129, Ashoka Enclave, Part – 1, Sector – 37, Faridabad – 121003,
Haryana, India |
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Date of Birth/Age : |
23.07.1979 |
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Qualification : |
Graduate |
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Date of Appointment : |
31.07.2008 |
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DIN No.: |
01179004 |
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Other Directorship:
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Name : |
Veena Arora |
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Designation : |
Director |
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Address : |
A-129, Ashoka Enclave, Part – 1, Sector – 37, Faridabad – 121003,
Haryana, India |
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Date of Appointment : |
20.07.2015 |
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DIN No.: |
01179038 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Shyam Prakash |
|
Designation : |
Chief Financial Officer |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Ramesh Kumar |
1811000 |
|
Kunjan Arora |
3206000 |
|
Sunil Goel |
1010000 |
|
Mahender Goel |
337500 |
|
Raj Shree Goel |
200000 |
|
Sunil Gupta |
500 |
|
Sanjay Gautam |
745000 |
|
Veena Arora |
190000 |
|
|
|
|
Total |
7500000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
69.43 |
|
Public/Other than promoters
[Individual/Hindu Undivided Family (Indian)] |
30.57 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing telecommunication services. [Registered Activity] |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
SARB and Associates Chartered Accountants |
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Address : |
404, IInd Floor, Patperganj, Industrial Area, Delhi – 110092, India |
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PAN No.: |
ACGFS8493P |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7500000 |
Equity Shares |
INR 10/- each |
INR 75.000 Million |
|
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|
|
|
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 |
75.000 |
75.000 |
75.000 |
|
(b) Reserves & Surplus |
(109.664) |
(113.237) |
(97.530) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
5.208 |
5.808 |
5.808 |
|
Total
Shareholders’ Funds (1) + (2) |
(29.456) |
(32.429) |
(16.722) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
3.421 |
3.421 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
0.000 |
3.421 |
3.421 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
128.916 |
155.881 |
209.381 |
|
(b) Trade
payables |
14.681 |
25.451 |
79.547 |
|
(c) Other current
liabilities |
120.101 |
138.289 |
138.372 |
|
(d) Short-term
provisions |
0.043 |
0.005 |
0.000 |
|
Total Current
Liabilities (4) |
263.741 |
319.626 |
427.300 |
|
|
|
|
|
|
TOTAL |
234.285 |
290.618 |
413.999 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
77.378 |
91.640 |
164.527 |
|
(ii)
Intangible Assets |
0.001 |
0.002 |
0.006 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
40.069 |
40.169 |
40.169 |
|
(c) Deferred tax assets (net) |
0.115 |
3.248 |
3.248 |
|
(d)
Long-term Loan and Advances |
1.386 |
5.555 |
6.419 |
|
(e) Other Non-current
assets |
0.125 |
0.250 |
24.312 |
|
Total Non-Current
Assets |
119.074 |
140.864 |
238.681 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
79.225 |
79.225 |
79.225 |
|
(b)
Inventories |
15.440 |
24.373 |
23.785 |
|
(c) Trade
receivables |
13.066 |
39.070 |
48.642 |
|
(d) Cash
and cash equivalents |
0.928 |
1.465 |
3.425 |
|
(e)
Short-term loans and advances |
2.986 |
0.402 |
3.058 |
|
(f) Other
current assets |
3.566 |
5.219 |
17.183 |
|
Total
Current Assets |
115.211 |
149.754 |
175.318 |
|
|
|
|
|
|
TOTAL |
234.285 |
290.618 |
413.999 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
64.211 |
72.288 |
57.172 |
|
|
Other Income |
16.746 |
39.060 |
0.967 |
|
|
TOTAL |
80.957 |
111.348 |
58.139 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
52.230 |
59.347 |
43.606 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
2.426 |
0.513 |
0.000 |
|
|
Employee benefit expense |
3.185 |
5.347 |
4.991 |
|
|
Other expenses |
2.134 |
25.781 |
2.529 |
|
|
TOTAL |
59.975 |
90.988 |
51.126 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
20.982 |
20.360 |
7.013 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.014 |
0.229 |
0.150 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
20.968 |
20.131 |
6.863 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
14.263 |
20.032 |
2.429 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
6.705 |
0.099 |
4.434 |
|
|
|
|
|
|
|
Less |
TAX |
3.133 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
3.572 |
0.099 |
4.434 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.48 |
0.01 |
0.59 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(0.684) |
(54.726) |
20.248 |
|
Net cash flows from (used in) operating activities |
(0.684) |
(54.726) |
20.248 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
74.27 |
197.27 |
310.54 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.91 |
1.85 |
1.18 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
102.60 |
156.53 |
665.84 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.36 |
0.84 |
0.29 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.27 |
0.22 |
0.04 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
1.13 |
1.11 |
1.04 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
(4.38) |
(4.91) |
(12.73) |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
(8.95) |
(9.86) |
(25.55) |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
(2.63) |
(2.83) |
(9.84) |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1498.71 |
88.91 |
46.75 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
5.56 |
0.14 |
7.76 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.52 |
0.03 |
1.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(12.13) |
(0.31) |
(26.52) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.44 |
0.47 |
0.41 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.38 |
0.39 |
0.35 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
(0.13) |
(0.11) |
(0.04) |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.72 |
2.12 |
2.84 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.44 |
0.47 |
0.41 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
75.000 |
75.000 |
75.000 |
|
Reserves & Surplus |
(97.530) |
(113.237) |
(109.664) |
|
Share Application money
pending allotment |
5.808 |
5.808 |
5.208 |
|
Net
worth |
(16.722) |
(32.429) |
(29.456) |
|
|
|
|
|
|
Long-term borrowings |
3.421 |
3.421 |
0.000 |
|
Short term borrowings |
209.381 |
155.881 |
128.916 |
|
Total
borrowings |
212.802 |
159.302 |
128.916 |
|
Debt/Equity
ratio |
(12.726) |
(4.912) |
(4.377) |
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 |
57.172 |
72.288 |
64.211 |
|
|
|
26.440 |
(11.173) |
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 |
57.172 |
72.288 |
64.211 |
|
Profit/ (Loss) |
4.434 |
0.099 |
3.572 |
|
|
7.76
% |
0.14
% |
5.56
% |
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 |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
FUTURE INDUSTRY PROSPECTS
In order to de-risk the business from the volatility in telecom industry, the Company growth is in down trend, and also as part of diversification, Lambda has started initiatives in Civil and Infrastructure, Solar Projects, Prefabricated Shelter for Police Head Quarters and Railway and RF activity.
As part of Civil and Infrastructure, they have successfully installed prefabricated shelter in Chhattisgarh Police Head Quarter (PHQ). There is huge potential in this segment as they are looking at targeting Indian Military, Railway and various projects of Police Head Quarters.
As part of Infrastructure and Solar, they have participated in various tenders and in some cases they are technically approved. They are expecting huge growth potential in this segment. As part of optimization and also on account of 3G rollout, the RF activity has huge potential and they are aggressively participating in this segment.
They expect revenue on RF account to grow by min 50 times in next financial year.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
73.946 |
93.426 |
|
|
|
|
|
Total |
73.946 |
93.426 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
A83543314 |
10121576 |
State Bank of India |
21/08/2008 |
09/03/2010 |
- |
535000000.0 |
MID Corporate Loan Administration Unit Chandni Chowk, Delhi 110006, India |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction registered
against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling shareholders,
director, officer or employee of the company is a government official or a
family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 68.26 |
|
|
1 |
INR 91.22 |
|
Euro |
1 |
INR 79.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--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.