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MIRA INFORM REPORT
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Report No. : |
507420.2 |
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Report Date : |
18.05.2018 |
IDENTIFICATION DETAILS
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Name : |
KRISHNA CABLE INDUSTRIES |
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Registered
Office : |
7, Dwarika Puri, Opposite Delhi Gate, Ghaziabad, Uttar Pradesh |
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Tel. No.: |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Year of
Establishment: |
Not Divulged |
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Capital
Investment / Paid-up Capital : |
INR 1.994 Million |
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TIN No.: |
Not Divulged |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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PAN No.: [Permanent Account No.] |
ACCPG97544 |
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Legal Form : |
Sole Proprietary Concern |
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Line of Business
: |
Subject is
a Manufacturer of Cable Wire, Electrical Insulation Tape, etc. [From Indirect Sources] |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 5000 [In INR 339825] |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Mr. Kapil Goyal (Designation Not Divulged) has denied to provide any information about the subject to us.
Further, our executive enquired with neighbour companies (R & D Sons Co. and Shre Shyam Trader) who claimed that the subject is situated on the given address. As per our executive’s observation, it is a shed type premises. Area of the premises seems to be 300 sq. ft. and number of employees sighted at the premises were 3. Locality seems to be commercial and area appears to be downmarket. Location was easy to find. We have sighted subject’s name board. |
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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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Date |
Not Available |
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 18.05.2018.
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. Kapil Goyal |
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Designation : |
Not Divulged |
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Contact No.: |
91-8046081435 |
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Date : |
03.05.2018 |
LOCATIONS
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Registered Office : |
7, Dwarika Puri, Opposite Delhi Gate, Ghaziabad, Uttar Pradesh, India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-8046081435 [Mr. Kapil Goyal] |
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Fax No.: |
Not Available |
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Area : |
300 sq. ft. (As per site visit) |
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Locality : |
Commercial (As per site visit) |
SOLE PROPRIETOR
|
Name: |
Mr. Amit Goyal |
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Designation : |
Proprietor |
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Address : |
53, Rogan Gran Delhi Gate, Ghaziabad – 201001, Uttar Pradesh, India |
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Date of Birth/Age : |
11.05.1975 |
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PAN No.: |
ACCPG9754H |
BUSINESS DETAILS
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Line of Business : |
Subject is
a Manufacturer of Cable Wire, Electrical Insulation Tape, etc. [From Indirect Sources] |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Auditors : |
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Name : |
S. Kumar Goyal and Company Chartered Accountants |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Sister Concern: |
Not Divulged |
CAPITAL STRUCTURE
As on 31.03.2017
|
Capital Account |
INR In Million |
|
Amit Goyal |
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Balance as on 01.04.2016 |
1.166 |
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Add: Addition |
0.000 |
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Add: Profit for the year |
1.238 |
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|
2.404 |
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Less: Drawings |
0.410 |
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Total |
1.994 |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
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|
31.03.2017 |
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SHAREHOLDERS FUNDS |
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1] Accounts Capital |
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|
1.994 |
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2] Share Application Money |
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|
0.000 |
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3] Reserves & Surplus |
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0.000 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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1.994 |
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LOAN FUNDS |
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1] Secured Loans |
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4.858 |
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2] Unsecured Loans |
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1.553 |
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TOTAL BORROWING |
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6.411 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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8.405 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.136 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000
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Sundry Debtors |
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37.238
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Cash & Bank Balances |
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4.877
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Other Current Assets |
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0.000
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Loans & Advances |
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0.153
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Total
Current Assets |
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42.268
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
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20.310
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Other Current Liabilities |
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13.689
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Provisions |
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0.000
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Total
Current Liabilities |
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33.999
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Net Current Assets |
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8.269
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MISCELLANEOUS EXPENSES |
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|
0.000 |
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TOTAL |
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8.405 |
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PROFIT
& LOSS ACCOUNT
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PARTICULARS |
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31.03.2017 |
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SALES |
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Income |
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89.585 |
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Other Income |
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|
3.994 |
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TOTAL |
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93.579 |
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Less |
EXPENSES |
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Cost of Materials
Consumed |
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|
0.373 |
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Raw Material and
Consumables |
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|
88.182 |
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Electricity Expenses |
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0.588 |
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Wages |
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0.833 |
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Audit fee |
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|
0.017 |
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Books and Periodicals |
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0.018 |
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Charity and Donations |
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|
0.006 |
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Commission |
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|
0.800 |
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Travelling and Convyance |
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|
0.099 |
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Freight and Forwarding
Charges |
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|
0.000 |
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Office Rent |
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|
0.180 |
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Salary |
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|
0.475 |
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Repair |
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|
0.034 |
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Sales Promotion Expenses |
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0.029 |
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Telephone Expenses |
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0.025 |
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Rounded Of |
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0.002 |
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TOTAL |
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91.661 |
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PROFIT/ (LOSS) BEFORE INTEREST, AND DEPRECIATION AND
AMORTISATION |
|
|
1.918 |
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Less |
FINANCIAL EXPENSES |
|
|
0.656 |
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PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
|
1.262 |
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Less |
DEPRECIATION/
AMORTISATION |
|
|
0.024 |
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NET PROFIT |
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|
1.238 |
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
|
|
151.72 |
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Account Receivables Turnover (Income / Sundry
Debtors) |
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2.41 |
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Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
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19874.40 |
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Asset Turnover (Operating Income
/ Net Fixed Assets) |
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|
14.10 |
LEVERAGE RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
|
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0.95 |
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Debt Equity Ratio (Total Liability /
Networth) |
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3.22 |
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Current Liabilities to Networth (Current
Liabilities / Net Worth) |
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17.83 |
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Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
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|
0.07 |
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Interest Coverage Ratio (PBIT / Financial
Charges) |
|
|
2.92 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
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|
31.03.2017 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
|
|
1.38 |
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Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
|
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2.92 |
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Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
|
|
62.09 |
SOLVENCY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
|
Current Ratio (Current Assets / Current Liabilities) |
|
|
1.19 |
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Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
|
|
1.19 |
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G-Score Ratio Financial (Networth / Total
Assets) |
|
|
0.05 |
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G-Score Ratio Debt (Debts / Equity
Capital) |
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3.22 |
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G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
|
|
1.19 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in Report
(Yes/No) |
|
1 |
Year of establishment |
No |
|
2 |
Constitution of the entity – Legal Form |
Yes |
|
3 |
Locality of the entity |
Yes |
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4 |
Premises details [As per site visit] |
Yes |
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5 |
Buyer visit details |
Yes |
|
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 |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
Yes |
|
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 one year |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last one year |
Yes |
|
30 |
Major shareholders, if available |
No |
|
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 |
OBSERVATION FORM
|
COMPANY NAME: KRISHNA CABLE
INDUSTRIES ADDRESS: No. 7, Dwarika
Puri, Opposite Delhi Gate, Ghaziabad – 201001, Uttar Pradesh, India CONTACT NO.,: 91-9899318845 PERSON TO WHOM
WE MET: Kapil Goyal DESIGNATION: Owner
o
Telephone o
Office Equipment
Name of company: R and D Sons Company Contact Person Name: Mr. Vishal Neighbour’s Overview: Subject company
exist on given address. Name of company: Shree Shyam Trader Contact Person Name: Mr. Tarun Neighbour’s Overview: Subject company
exist on given address.
|
FIXED ASSETS
- Furniture and Fixture
- Computer/Laptop
- 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 67.72 |
|
|
1 |
INR 91.65 |
|
Euro |
1 |
INR 79.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
JYO |
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.