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|
MIRA INFORM REPORT
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Report No. : |
507151 |
|
Report Date : |
05.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
R R KABEL LIMITED (w.e.f. 08.11.2000) |
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|
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|
Formerly Known
As : |
RAM RATNA AGRO-PLAST LIMITED |
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Registered Office
: |
Ram Ratna House, Oasis Complex, Victoria Mill Compound, Pandurang
Budhkar Marg, Worli, Mumbai-400013, Maharashtra |
|
Tel. No.: |
91-22-24949009/24924144 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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|
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Date of Incorporation
: |
06.02.1995 |
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|
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Com. Reg. No.: |
11-085294 |
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Capital
Investment / Paid-up Capital : |
INR 241.460 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28997MH1995PLC085294 |
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|
|
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IEC No.: [Import-Export Code No.] |
0395047587 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCR3352C |
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|
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|
GSTN : [Goods & Service Tax
Registration No.] |
27AABCR3352C1ZR |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The company is primarily engaged in the business Manufacturer of PVC Insulated Cables. (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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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1995 and it is engaged as manufacturer of PVC insulated cables. For the financial year 2017, the company has witnessed a growth in its total revenue as compared to its previous year along with good profit margin at 5.37% Available financial indicates sound financial profile marked by heathy net worth base with strong debt level of the company. Rating continue to derive strength from its long and established track record of its business operation backed by its well-experienced management team along with strong market positon in cable industry. Trade relations are reported as fair. Payment terms seems to be regular and as per commitment. In view of the aforesaid, the company can be considered for business dealing 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
INDIA RATING |
|
Rating |
Long Term Rating : A- |
|
Rating Explanation |
Adequate degree of safety and low credit risk |
|
Date |
April, 2017 |
|
Rating Agency Name |
INDIA RATING |
|
Rating |
Short Term Rating : A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
April, 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
31-03-2018.
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 05.05.2018
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
Management non-cooperative (Tel No.: 91-22-24949009)
LOCATIONS
|
Registered Office/
Head Office : |
Ram Ratna House, Oasis Complex, Victoria Mill Compound, Pandurang
Budhkar Marg, Worli, Mumbai-400013, Maharashtra, India |
|
Tel. No.: |
91-22-24949009/ 2492 / 24924144 |
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Fax No.: |
91-22-24910819/24912586 |
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E-Mail : |
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Website : |
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Location: |
Owned |
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Locality: |
Commercial |
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Corporate Office: |
305/A Windsor Plaza, R.C. Dutt Road, Alkapuri, Vadodara – 390007,
Gujarat, India |
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Tel. No.: |
91-265-2321891/ 2/ 3 |
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Fax No.: |
91-265-2321894 |
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E-Mail : |
|
|
|
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Factory 1 : |
Survey No. 142/2, Madhuban Dham Road, Silvassa – 396240, Dadra and
Nagar Haveli, India |
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Tel. No.: |
91-260-2641332/ 3/ 2641868 |
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Factory 2 : |
R.S. No. 201, 202/1, 203 and 327/3, Khanda Road, Waghodia, Vadodara - 391760, Gujarat, India |
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Tel. No.: |
91-2668-260511 |
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Regional Office : |
Located at :
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DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Shreegopal Rameshwarlal Kabra |
|
Designation : |
Managing Director |
|
Address : |
547, Ishan Building, 9-10th Floor, Jamejamshed Road, Matunga (East),
Mumbai – 400019, Maharashtra, India |
|
Date of Birth/Age : |
31.06.1958 |
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Qualification: |
B. Com |
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Date of Appointment : |
27.06.2014 |
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PAN No.: |
AADPK4904G |
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DIN No.: |
00140598 |
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Name : |
Mr. Mahendrakumar Rameshwarlal Kabra |
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Designation : |
Managing Director |
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Address : |
B/1908, 19th Floor, Casa Grande Tower, Plot No. CS 249, S
B Marg, Lower Parel, Mumbai – 400013, Maharashtra, India |
|
Date of Birth/Age : |
13.05.1957 |
|
Date of Appointment : |
06.02.1995 |
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PAN No.: |
AADPK3514C |
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DIN No.: |
00473310 |
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|
|
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Name : |
Mr. Tribhuvanprasad Rameshwarlal Kabra |
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Designation : |
Whole Time Director |
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Address : |
Uma Sadan, 178, Vinayak Society, Opposite S.N.D.T. College and
Sanskrit Building Behind, Akota Stadium, Vadodara-390020, Gujarat, India |
|
Date of Birth/Age : |
11.06.1955 |
|
Qualification: |
B. Com |
|
Date of Appointment : |
02.09.1997 |
|
DIN No.: |
00091375 |
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PAN No.: |
AADPK2978A |
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|
|
|
Name : |
Mr. Ashok Satyanarayan Loya |
|
Designation : |
Whole-time Director |
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Address : |
1502, Krishna Heritage, New Link Road, Opposite Don Bosco School,
Borivali (West), Mumbai-400091, Maharashtra, India |
|
Date of Birth/Age : |
03.05.1965 |
|
Qualification: |
Professional |
|
Date of Appointment : |
08.09.1999 |
|
PAN No.: |
AAAPL2188A |
|
DIN No.: |
00136619 |
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|
|
|
Name : |
Mr. Mahesh Tribhuvanprasad Kabra |
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Designation : |
Whole Time Director |
|
Address : |
Uma Sadan, 178, Vinayak Society, Opposite S.N.D.T. College and
Sanskrit Building Behind, Akota Stadium, Vadodara -390020, Gujarat, India |
|
Date of Birth/Age : |
23.03.1977 |
|
Qualification: |
B. Com |
|
PAN No.: |
AADPK3514C |
|
Date of Appointment : |
11.03.2000 |
|
DIN No.: |
00137796 |
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|
|
|
Name : |
Mrs. Kirtidevi Shreegopal Kabra |
|
Designation : |
Whole Time Director |
|
Address : |
547, Ishan Building, 9th-10th Floor Jamejamshedji Road,
Matunga (East) Mumbai – 400019, Maharashtra, India |
|
Date of Birth/Age : |
23.02.1962 |
|
Qualification: |
B. Com |
|
Date of Appointment : |
06.02.1995 |
|
PAN No.: |
AAHPK2240D |
|
DIN No.: |
00150796 |
|
|
|
|
Name : |
Mr. Sumeet Mahendrakumar Kabra |
|
Designation : |
Whole Time Director |
|
Address : |
Flat No- 2008, Casa Grande, 20th Floor, Tower No-2, 249,
Senapati Bapat Marg, Lower Parel (West) Mumbai – 400013, Maharashtra, India |
|
Date of Birth/Age : |
10.08.1982 |
|
Qualification: |
MBA |
|
Date of Appointment : |
12.11.2010 |
|
DIN No.: |
01751282 |
|
PAN No.: |
AGFPK1908C |
|
|
|
|
Name : |
Mr. Satyanarayan Mohanlal Loya |
|
Designation : |
Director |
|
Address : |
1502, Krishna Heritage, New Link Road, Opposite Don Bosco School,
Borivali (West), Mumbai-400091, Maharashtra, India |
|
Date of Birth/Age : |
05.04.1930 |
|
Qualification: |
Professional |
|
Date of Appointment : |
30.09.1997 |
|
PAN No.: |
AAAPL3386Q |
|
DIN No.: |
00091323 |
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|
|
|
Name : |
Mrs. Kannan Ramamirtham |
|
Designation : |
Director |
|
Address : |
Karachi Citizens CHS 205-B, New Link Road, D.N. Nagar, Andheri (West), Mumbai-400053, Maharashtra, India |
|
Date of Birth/Age : |
02.06.1949 |
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Qualification: |
PG- Maths, CAIIB |
|
Date of Appointment : |
09.03.2015 |
|
PAN No.: |
AGSPR9323B |
|
DIN No.: |
00227980 |
|
|
|
|
Name : |
Mr. Sanjay Narnarayan Taparia |
|
Designation : |
Director |
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Address : |
152, Yugdharma, Opposite Inorbit Link Road, Goregaon (West),
Mumbai-400104, Maharashtra, India |
|
Date of Birth/Age : |
10.07.1963 |
|
Qualification: |
B. Com |
|
Date of Appointment : |
12.11.2010 |
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PAN No.: |
AABPT0457F |
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DIN No.: |
01812564 |
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|
Name : |
Mr. Rajesh Babu Jain |
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Designation : |
Director |
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Address : |
Row House, 17 Balaji Township, Opposite Balaji Temple, S N 51/1/4, PN
57 to 68, Silvassa 396230, India |
|
Date of Birth/Age : |
22.09.1971 |
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Qualification: |
B Com CA |
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Date of Appointment : |
23.09.2014 |
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PAN No.: |
ABJPJ2458F |
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DIN No.: |
06959083 |
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|
|
|
Name : |
Bhagwat Singh Babel |
|
Designation : |
Director |
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Address : |
221, Ameya, Behind Sagar Darshan Apartment Devali (Ward No. 20), Girwa Udaipur 313001, Rajasthan, India |
|
Date of Appointment : |
24.08.2017 |
|
DIN No.: |
01476935 |
KEY EXECUTIVES
|
Name : |
Mr. Satish |
|
Designation : |
Account Executive |
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|
|
|
Name : |
Mr. Rajesh Babu Jain |
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Designation : |
Chief Finance Officer |
|
Address : |
Row House, 17 Balaji Township, Opposite Balaji Temple, S N 51/1/4, PN
57 to 68, Silvassa 396230, India |
|
Date of Birth/Age : |
22.09.1971 |
|
Qualification: |
B Com CA |
|
Date of Appointment : |
01.07.2014 |
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PAN No.: |
ABJPJ2458F |
|
|
|
|
Name : |
Mr. Himanshu Navinchandra Parmar |
|
Designation : |
Secretary |
|
Address : |
G/39, Shreenath
Park Society, Behind Mahesh Complex, Waghodia, Debhoi, Ring, Road Near
Himalaya Flats, Vadodara ‐ 390 019,
Gujarat, India |
|
Date of Birth/Age : |
19.04.1986 |
|
Date of Appointment : |
01.06.2013 |
|
PAN No.: |
AUTPP3120F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 16.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
86.98 |
|
Promoter - Bodies
corporate |
11.77 |
|
Public – (Individual/ Hindu
Undivided Family – Indian) |
0.01 |
|
Public - Bodies corporate |
1.24 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is primarily engaged in the business Manufacturer of PVC Insulated Cables. (Registered activity) |
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Products : |
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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 declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
V.C. Darak and Associates Chartered Accountants |
|
Address : |
Yashodhan, 1st Floor, Malviya Road, Off. Post Office Road,
Vile Parle (East), Mumbai-400057, Maharashtra, India |
|
E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AAAPD8698K |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
· Mew Electricals Limited · Ram Ratna International · Ram Ratna Electricals Limited · Hemlata Home Solutions Limited · Ram Ratna Wires Limited · Ram Ratna Research and Holdings Private Limited · Ram Ratna Infrastructure Private Limited · Kabel Buildcon Solutions Private Limited · Pratik Wire and Cable Machines Private Limited |
|
|
|
|
Joint Venture: |
R-R Imperial Electricals Limited |
CAPITAL STRUCTURE
As on 16.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
27000000 |
Equity Shares |
INR 10/- each |
INR 270.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24146000 |
Equity Shares |
INR 10/- each |
INR 241.460
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
241.460 |
241.460 |
241.460 |
|
(b) Reserves and Surplus |
3192.941 |
2337.816 |
1798.278 |
|
(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) |
3434.401 |
2579.276 |
2039.738 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
273.917 |
588.698 |
771.197 |
|
(b) Deferred tax liabilities (Net) |
133.797 |
118.955 |
122.516 |
|
(c) Other long-term liabilities |
4.255 |
2.433 |
1.662 |
|
(d) long-term provisions |
23.234 |
18.286 |
15.399 |
|
Total Non-current
Liabilities (3) |
435.203 |
728.372 |
910.774 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short-term borrowings |
3161.099 |
2149.748 |
2223.136 |
|
(b) Trade payables |
396.716 |
492.545 |
459.758 |
|
(c) Other current liabilities |
596.732 |
603.797 |
581.083 |
|
(d) Short-term provisions |
44.053 |
205.284 |
181.497 |
|
Total Current
Liabilities (4) |
4198.600 |
3451.374 |
3445.474 |
|
|
|
|
|
|
TOTAL |
8068.204 |
6759.022 |
6395.986 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2033.394 |
1864.351 |
1707.643 |
|
(ii) Intangible Assets |
3.652 |
7.128 |
9.390 |
|
(iii) Tangible assets capital work-in-progress |
40.044 |
82.044 |
70.391 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
113.942 |
113.942 |
113.970 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term loans and advances |
120.900 |
97.243 |
58.327 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
2311.932 |
2164.708 |
1959.721 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1718.469 |
1079.164 |
895.702 |
|
(c) Trade receivables |
3229.487 |
2757.394 |
2695.688 |
|
(d) Cash and bank balances |
395.616 |
392.474 |
509.150 |
|
(e) Short-term loans and advances |
273.262 |
229.931 |
223.815 |
|
(f) Other current assets |
139.438 |
135.351 |
111.910 |
|
Total
Current Assets |
5756.272 |
4594.314 |
4436.265 |
|
|
|
|
|
|
TOTAL |
8068.204 |
6759.022 |
6395.986 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
15753.909 |
14422.890 |
13012.797 |
|
|
Other Income |
24.918 |
32.414 |
34.072 |
|
|
TOTAL |
15778.827 |
14455.304 |
13046.869 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
12426.161 |
11208.154 |
10496.746 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(530.271) |
(56.834) |
(35.304) |
|
|
Employee benefit expense |
617.997 |
496.947 |
397.336 |
|
|
CSR expenditure |
0.416 |
1.494 |
2.000 |
|
|
Other expenses |
1463.475 |
1202.851 |
982.179 |
|
|
TOTAL |
13977.778 |
12852.612 |
11842.957 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1801.049 |
1602.692 |
1203.912 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
275.573 |
296.842 |
360.471 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1525.476 |
1305.850 |
843.441 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
223.543 |
192.889 |
179.733 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
1301.933 |
1112.961 |
663.708 |
|
|
|
|
|
|
|
Less |
TAX |
455.809 |
384.600 |
233.071 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
846.124 |
728.361 |
430.637 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
35.04 |
30.16 |
17.83 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
154.421 |
249.610 |
314.611 |
|
Net cash flows from (used in) operations |
618.860 |
1431.295 |
975.589 |
|
Net cash flows from (used in) operating activities |
1115.723 |
1764.704 |
744.711 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
69.78 |
75.61 |
74.86 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
5.23 |
4.83 |
4.88 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
16.04 |
15.99 |
11.86 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.49 |
1.34 |
1.02 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.82 |
0.67 |
0.50 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.57 |
0.63 |
0.71 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.05 |
1.16 |
1.62 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.22 |
1.34 |
1.69 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.60 |
0.76 |
0.88 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
6.54 |
5.40 |
3.34 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
5.37 |
5.05 |
3.31 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
10.49 |
10.78 |
6.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
24.64 |
28.24 |
21.11 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.37 |
1.33 |
1.29 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.96 |
1.02 |
1.03 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.43 |
0.38 |
0.32 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
14.87 |
12.37 |
13.70 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.37 |
1.33 |
1.29 |
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 |
241.460 |
241.460 |
241.460 |
|
Reserves & Surplus |
1798.278 |
2337.816 |
3192.941 |
|
Net
worth |
2039.738 |
2579.276 |
3434.401 |
|
|
|
|
|
|
Long-term borrowings |
771.197 |
588.698 |
273.917 |
|
Short term borrowings |
2223.136 |
2149.748 |
3161.099 |
|
Current maturities of
long-term debts |
314.611 |
249.610 |
154.421 |
|
Total
borrowings |
3308.944 |
2988.056 |
3589.437 |
|
Debt/Equity
ratio |
1.622 |
1.158 |
1.045 |
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 |
13012.797 |
14422.890 |
15753.909 |
|
|
|
10.836 |
9.229 |
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 |
13012.797 |
14422.890 |
15753.909 |
|
Profit/ (Loss) |
430.637 |
728.361 |
846.124 |
|
|
3.31
% |
5.05
% |
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 |
|
241.460 |
241.460 |
|
(b) Reserves and Surplus |
|
3210.059 |
2355.373 |
|
(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) |
|
3451.519 |
2596.833 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
307.101 |
617.617 |
|
(b) Deferred tax liabilities (Net) |
|
144.203 |
118.955 |
|
(c) Other long-term
liabilities |
|
4.255 |
2.433 |
|
(d) long-term
provisions |
|
23.234 |
18.286 |
|
Total Non-current
Liabilities (3) |
|
478.793 |
757.291 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
3217.122 |
2183.796 |
|
(b) Trade
payables |
|
467.763 |
518.762 |
|
(c) Other
current liabilities |
|
616.108 |
617.734 |
|
(d) Short-term
provisions |
|
44.054 |
205.284 |
|
Total Current Liabilities
(4) |
|
4345.047 |
3525.576 |
|
|
|
|
|
|
TOTAL |
|
8275.359 |
6879.700 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
2105.555 |
1921.879 |
|
(ii) Intangible
Assets |
|
3.697 |
7.134 |
|
(iii) Tangible assets
capital work-in-progress |
|
40.249 |
89.636 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
28.415 |
28.415 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
140.195 |
114.362 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
2318.111 |
2161.426 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
1787.266 |
1111.541 |
|
(c) Trade
receivables |
|
3300.528 |
2832.309 |
|
(d) Cash and
bank balances |
|
444.322 |
404.407 |
|
(e)
Short-term loans and advances |
|
285.579 |
234.666 |
|
(f) Other
current assets |
|
139.553 |
135.351 |
|
Total
Current Assets |
|
5957.248 |
4718.274 |
|
|
|
|
|
|
TOTAL |
|
8275.359 |
6879.700 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
|
16150.343 |
14727.329 |
|
|
Other Income |
|
25.061 |
32.490 |
|
|
TOTAL |
|
16175.404 |
14759.819 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
12747.322 |
11439.854 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(552.243) |
(50.731) |
|
|
Employee benefit expense |
|
644.753 |
514.627 |
|
|
CSR expenditure |
|
0.416 |
1.494 |
|
|
Other expenses |
|
1498.540 |
1227.903 |
|
|
TOTAL |
|
14338.788 |
13133.147 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
1836.616 |
1626.672 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
283.023 |
301.438 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
1553.593 |
1325.234 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
233.960 |
201.886 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
1319.633 |
1123.348 |
|
|
|
|
|
|
|
Less |
TAX |
|
458.111 |
385.579 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
861.522 |
737.769 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
35.68 |
30.55 |
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 |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
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 |
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 |
OPERATIONS
Accepting challenges and standing to the expectations of Team, customers and nations is a way of life for the company and the collective result of same is that the company has delivered strong performance during the FY 16-17. Knowing the fact that Industry to which we belong has to face the volatility in metal prices and foreign exchange, the company with increased marketing and dealer network coupled with massive branding activities, positioned themselves rightly in the industry.
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
167.187 |
187.270 |
|
Intercorporate borrowings |
7.589 |
155.339 |
|
Short-term
borrowings |
|
|
|
Working capital loans from banks |
811.852 |
580.065 |
|
Intercorporate borrowings |
140.000 |
0.000 |
|
Loans and advances from related parties |
24.250 |
79.912 |
|
Total |
1150.878 |
1002.586 |
INDEX
OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G73203028 |
100145843 |
HDFC BANK LIMITED |
16/12/2017 |
- |
- |
2000280.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG LOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA |
|
2 |
G73298085 |
100146121 |
HDFC BANK LIMITED |
07/12/2017 |
- |
- |
1642000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG LOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA |
|
3 |
G70631858 |
100140946 |
HDFC BANK LIMITED |
24/11/2017 |
- |
- |
3785000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG LOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA |
|
4 |
G68360023 |
100136929 |
HDFC BANK LIMITED |
14/11/2017 |
- |
- |
2105400.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG LOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA |
|
5 |
G69733343 |
100139221 |
HDFC BANK LIMITED |
14/11/2017 |
- |
- |
1450000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG LOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA |
|
6 |
G55243687 |
100125934 |
HDFC BANK LIMITED |
22/09/2017 |
- |
- |
1808500.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG LOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA |
|
7 |
G48927404 |
100111294 |
HDFC BANK LIMITED |
28/06/2017 |
- |
- |
1364000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG LOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA |
|
8 |
G48677264 |
100110563 |
HDFC BANK LIMITED |
23/06/2017 |
- |
- |
1650000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG LOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA |
|
9 |
G41807926 |
100092050 |
HDFC BANK LIMITED |
01/04/2017 |
- |
- |
2100000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG LOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA |
|
10 |
G34609560 |
100074712 |
HDFC BANK LIMITED |
17/01/2017 |
- |
- |
1800000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG LOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA |
FIXED ASSETS
- Land
- Buildings
- Residential building
- Factory building
- Office building
- Office equipment
- Plant and
equipment
- Furniture and
fixtures
- 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 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 66.66 |
|
|
1 |
INR 90.66 |
|
Euro |
1 |
INR 80.00 |
INFORMATION DETAILS
|
Information
Gathered by : |
ARC |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
JYTK |
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.