Financial Strength of INR over 645,950,000 based on net worth
A Risk Indicator which is Fair
COMPLIANCE ASSESSMENT SUMMARY
RBI Defaulter List Match Found.
EPF Delay List Match Found.
NCLT Match Found.
COMPANY PROFILE & SWOT ANALYSIS
COMPANY PROFILE:
SAMPLE INDIA LIMITED (hereinafter referred as the Company or SAMPLE INDIA) was incorporated on 2nd
September 1999 as a Limited Liability Company.
The Company is engaged in manufacturing and exporting of Virgin Activated Carbon.
The Company controls its business operations from Silvassa, Dadra & Nagar Haveli and Daman & Diu
STRENGTHS:
WEAKNESSES:
OPPORTUNITIES:
THREATS:
The Company is into existence for more than 20 years.
Experienced and quali�ed management.
Tangible Net worth of the Company has increased during the period under review
Leverage position of the Company has remained comfortable
Net Pro�t of the Company has �uctuated during the period under review.
Operating Margin of the Company �uctuated during the period under review.
Return on Net worth (RoNW) has declined during the period under review.
Return on Capital Employed (RoCE) has �uctuated during the period under review.
The growth outlook for India has improved with recent changes in economic policies, the Government’s
vision of ‘Atmanirbhar Bharat’ and its focus on manufacturing sector.
India could be one of the biggest bene�ciaries of rapidly changing global trade relations.
The growing use of activated carbon in industrial applications has led to increase its share in the gas phase
applications, which is driving the activated carbon market in the Asia-Paci�c region. Moreover, the growing
use of activated carbon for soil remediation applications as well as in pharmaceutical applications have
witnessed signi�cant growth during the last �ve years is further expected to boost the growth of the
activated carbon market.
The Asia-Paci�c region is the fastest-growing market for activated carbon, in terms of value and volume.
Increasing investments by companies, especially in automotive sector, the growing shift of production
facilities to the emerging economies of the region; the strong industrial base, are the major factors
contributing to the growth of the activated carbon market in this region.
COVID-19 impacted the carbon black industry. Demand reduced signi�cantly during the �rst quarter of FY21,
with most of the major players keeping their manufacturing units shut or operating at a very low capacity
utilization.
Entry of new carbon black manufacturers that would increase competition in the domestic market.
scarcity of raw material especially in Asia-Paci�c is major factor restraining the growth of the activated
carbon market globally.
CURRENT INVESTIGATION
INVESTIGATION INFORMATION
Other comments :
The information in this report has been compiled from D&B known sources and its independent research
Date : Aug 31, 2021
INDUSTRY HIGHLIGHTS
PRODUCT PROFILE:
Activated carbon (also known as activated charcoal) is a compressed form of carbon with small volume poresthat increases the surface area that is available for adsorption or chemical reaction. Due to this structuralfeature, activated carbon is used extensively as an adsorption agent. It also �nds applications for itsdecolorization and deodorization properties. Based on its physical structure activated carbon is segmentedinto granulated, pelletized, powdered, impregnated, and catalytic.
Some of the major applications of activated carbon include
Removal of volatile organic compounds like benzene, and PCE
Removal of hydrogen sul�de and waste gases’
Used as a bacteria inhibitor in drinking water �lters (impregnated activated carbon)
Removal of chlorine and chloramine, as well as recovery of gold
MARKET SCENARIO:
The global market for activated carbon is estimated to be worth USD 4.5 Billion in 2020, and it is expected toreach USD 8.5 Billion by 2027, increasing by a CAGR of approximately 11.5%. This strong growth would befueled by higher demand from water puri�cation, sewage treatment and air puri�cation segments. Tighteningregulations around the world, with respect to environmental pollution would increase investment in wastetreatment segment, which in turn will create global demand for activated carbon.
APAC is the largest market for activated carbon, followed by North America. This ascendency of Asia Paci�ccan be attributed to the increasing public investment in waste treatment, as well as higher involvement ofprivate players. Drinking water treatment, waste water treatment and municipal sewage treatment iswitnessing higher investment, as the emerging economies like China and India strive to contain the economicdegradation. This has translated into higher demand for activated carbon in these large markets, which in turnis driving the demand in APAC market.
As per industry sources, Indian market for activated carbon is estimated to be worth USD 500 Million, and it isexpected to grow by a CAGR of nearly 11% till 2025.
DEMAND SCENARIO:
The biggest factor that is driving demand for activated carbon is its application in water & waste watertreatment.
Applications in waste water treatment
The huge surface area and micropore feature along with good adsorption properties helps activated carbon(combined with other chemicals) to adsorb various harmful particles in waste water. Because of this propertyit is �nding widespread application in waste water treatment plants. Powdered activated carbon is used inwater treatment plants for taste and odor control and for removal of organic chemicals. Hence the growth inwaste water / industrial e�uent treatment have a direct impact on the demand for activated carbon.
Global market for water treatment
The global market for water & waste water treatment products & services is estimated to be worth USD 263Billion in 2020, and it is expected to grow by a CAGR of 7% during 2020-28 to reach USD 465 Billion. Asia Paci�cis estimated to be the largest market followed by North America and Europe. Besides being the largestmarket, Asia Paci�c is expected to see the highest growth in the coming years, and will play a pivotal role inthe development of global water & waste water treatment industry.
One of the reasons behind the growth in Asia Paci�c, and its increasing relevance in the coming years can beattributed to the increasing measures taken at administration / Government level to improve municipal &sewage e�uent treatment as well as expanding as well as developing drinking water infrastructure. All majorAsian markets have revamped environmental guidelines thereby strengthening regulatory framework ine�uent treatment. Municipal and industrial waste water treatment is witnessing increasing traction, on theback of higher Government investment as well as private sector involvement.
Waste water treatment scenario in India
According to industry sources, Indian market for wastewater treatment plant is estimated to be worth USD 2.4Billion. Moving Bed Biological Reactor (MBBR) and Sequencing Batch Reactor (SBR) were the dominanttreatment process that have gained prominence in wastewater treatment market in India. Of this, MBBR isestimated to lead due to its high e�ciency, low maintenance as well as low space utilization.
According to CPCB there are nearly 900 STPs spread across the country. However, the number of operationalSTPs and the capacity utilization levels are far lower. While the demand supply scenario in few cities, in termsof sewage generated and treatment capacity, is optimal majority of the country face a supply de�cit when itcomes to sewage treatment facilities.
According to CPCB, the current sewage treatment capacity in India can handle only 38% of the total volume ofsewage produced. Thus, more than 60% of the sewage is discharged untreated. Considering the massivevolume of sewage generated in India, this 60% �gure translates into nearly 39,000 MLD of untreated sewage.
Waste water / Industrial e�uent generation in India
Urbanization: Increasing population and growth in industrial / service activities have fastened the pace ofurbanization. As a result, the number of cities with population of 1 million or more is expected to reach ~90 by2030, up from 2011 census tally of 53. Consequently, the amount of municipal waste generated is expected goup leading to a higher demand for waste water treatment services.
Industrialization: Private and public sector investments in the manufacturing sector are expected to go up inresponse to the National Manufacturing Policy launched by the government. Further the increasing domesticconsumption too would help in the growth. Growth in industrial sector would automatically lead to increase inindustrial e�uent discharge, leading to higher demand for industrial waste water treatment services.
Urgent need for sewage treatment:
In India, the estimated sewage generation from Class I cities and Class II towns (representing 72% of urbanpopulation) is 62,000 million liters/day (MLD), of which there exists treatment capacity to treat only 26,066MLD (about 35%). The major metropolitan areas (with population over 1 million) have a collective sewagetreatment capacity of just over 50%, but high variability exists among them. Only �ve metro cities(Hyderabad,Vadodara, Chennai, Ludhiana and Ahmedabad) have treatment capacity close to 100% of their sewagegeneration.
Delhi has the largest sewage treatment capacity in absolute terms but treats only about 60% of sewagegenerated; while Mumbai has the second largest treatment capacity in absolute terms but meets only 80% ofits sewage water treatment needs. Almost all other major metropolitan cities have treatment capacities below50% of their sewage generation. The Class I cities and metros (with population over 100,000) which account for93% of the urban sewage generated in the country, have a combined treatment capacity of about 32% ofgeneration, while the Class II towns (population between 50,000 and 100,000) have a combined treatmentcapacity of only 8% of their generation.
EXPORT & IMPORT OF ACTIVATED CARBON:
India is a net exporter of activated carbon, with annual export value reaching INR 15 Billion in FY 2021. Thevalue of exports has increased by a CAGR of 15% between FY 2015-21. In contrast, the value of activatedcarbon annual imported to India has remained below INR 4 Billion. As on FY 2021, approximately INR 3.9Billion worth of activated carbon was imported to the country. Imports have increased by a CAGR of 12%during FY 2015-21.
USA is the largest export market for Indian activated carbon industry. In FY 2021, the value of activated carbonexported to the US accounted for nearly 20% of total export value. Germany, the second largest export marketaccounted for 6% of total exports. Other major export markets include Russia, China, South Korea and Japan.Top ten export markets accounted for nearly 50% of total value of activated carbon exports from India in FY2021
NOTABLE PLAYERS:
Indo German Carbon Limited (IGCL) was the �rst to set up an activated carbon plant in India, andmanufacturers and supplies coconut shell based activated carbon. The plant is located in Kerala – a stateabundant in coconut production – giving it easy access to raw material, at a lower rate. IGCL is the subsidiaryof Gulfar Engineering and Contracting LLC, a leading construction Company based in Oman. IGCL has aninstalled production capacity of nearly 6,000 TPA.
MICBAC India is a leading manufacturer of activated carbon from wood, coal and coconut shell. The Companyan installed capacity to produce 20,000 TPA of activated carbon (from all three input materials). Apart fromactivated carbon, MICBAC also supplies anthracite �lter media and hard coke.
Raj Carbon is a leading manufacturer of steam activated carbon in South India, with an installed productioncapacity of 1,300 TPA. The Company manufacturers coconut shell based activated carbon.
Sales: Topline of The Company has �uctuated during the period under review. The Company reported NetSales of INR 179,125,100 thousand in FY 2019 which declined to INR 160,736,300 thousand in FY 2020,however it increased to INR 166,034,500 thousand in FY 2021.
Net Pro�t: Net Pro�t of the Company has �uctuated during the period under review. It declined from INR6,701,400 thousand in FY 2019 to INR 5,922,500 thousand in FY 2020, however it increased to 6,120,400thousand in FY 2021.
NET PROFIT MARGIN
Mar 31, 2019 Mar 31, 2020 Mar 31, 20210
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
40,000,000
45,000,000
50,000,000
(Am
ount
)
(Fiscal Years)
Tangible Networth Capital Employed
Figures in Thousands of Indian Rupee
Tangible Net worth: Tangible Net worth of the Company has increased during the period under review. Itincreased from INR 31,462,100 thousand as at the end of FY 2019 to INR 32,824,900 thousand as at the end ofFY 2020, and further to INR 37,400,400 thousand as at the end of FY 2021.
Capital Employed: Capital Employed of the Company has �uctuated during the period under review. Itincreased from INR 45,462,100 thousand as at the end of FY 2019 to INR 53,901,900 thousand as at the end ofFY 2020, however it declined to INR 49,401,800 thousand as at the end of FY 2021.
PROFITABILITY RATIOS
Mar 31, 2019 Mar 31, 2020 Mar 31, 20210.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
(Per
cent
age)
(Fiscal Years)
Net Pro�t Margin (%)
RETURN ON TANGIBLE NETWORTH
RETURN ON CAPITAL EMPLOYED
Net Pro�t Margin: Net Pro�t Margin of the Company has �uctuated during the period under review. Itdecreased from 3.74% in FY 2019 to 3.68% in FY 2020, however it increased to 3.69% in FY 2021.
Mar 31, 2019 Mar 31, 2020 Mar 31, 20210
2
4
6
8
10
12
14
16
18
20
(Per
cent
age)
(Fiscal Years)
Return On Networth (%)
Mar 31, 2019 Mar 31, 2020 Mar 31, 20210
2
4
6
8
10
12
14
16
18
20
22
(Per
cent
age)
(Fiscal Years)
Return On Capital Employed (%)
Return on Networth: Return on Net worth (RoNW) has declined during the period under review. It declinedfrom 21.3% in FY 2019 to 18.04% in FY 2020, and further to 16.36% in FY 2021.
Return on Capital Employed: Return on Capital Employed (RoCE) has �uctuated during the period underreview. It declined from 22.92% in FY 2019 to 16.49% in FY 2020, however it increased to 19.58% in FY 2021.
LEVERAGE RATIOS
TOTAL DEBT EQUITY RATIO
INTEREST COVERAGE RATIO
Mar 31, 2019 Mar 31, 2020 Mar 31, 20210.00
0.05
0.10
0.15
0.20
0.25
0.30
0.35
0.40
0.45
0.50
0.55
0.60(T
imes
)
(Fiscal Years)
Total Debt Equity Ratio
Total Debt Equity Ratio: Leverage position of the Company has remained comfortable as its Debt Equity Ratiohas remained below 2 times as on 3 years of Balance Sheet Reporting date.
Mar 31, 2019 Mar 31, 2020 Mar 31, 20210
1
2
3
4
5
6
7
8
9
10
11
12
(Tim
es)
(Fiscal Years)
Interest Coverage
Interest Coverage Ratio: Interest Coverage Ratio of the Company has declined during the period under review.It declined from 12.88 times in FY 2019 to 8.71 times in FY 2020, and further to 6.85 times in FY 2021.
LIQUIDITY RATIOS
CURRENT RATIO
QUICK RATIO
Mar 31, 2019 Mar 31, 2020 Mar 31, 20210.0
0.1
0.2
0.3
0.4
0.5
0.6
0.7(T
imes
)
(Fiscal Years)
Current Ratio
Mar 31, 2019 Mar 31, 2020 Mar 31, 20210.00
0.05
0.10
0.15
0.20
0.25
0.30
0.35
0.40
0.45
0.50
(Tim
es)
(Fiscal Years)
Quick Ratio
Current Ratio: The Current Ratio of the company has declined from 0.78 times in FY 2019 to 0.72 times in FY2020, however it increased to 0.75 times in FY 2021.
Quick Ratio: The Quick Ratio of the company stood at 0.48 times in FY 2019 and FY 2020, however it increasedto 0.50 times in FY 2021.
BANKS
Information in this report may not represent the full extent of subject's bank relationships.
Bank Name: Bank of India
Location: Pune, Maharashtra, 4000**, India
Bank Name: Canara Bank
Location: 63/65, Moraji Kanji Bldg., Dr. Atmaram Merchant Road, Mumbai,Maharashtra, 40***2, India
No independent con�rmations were obtainable from banker/(s).
REGISTERED CHARGE DETAILS
A search was conducted and the following charges were found.
The records items above under 'Registered Charges' may have been paid, vacated, settled or released prior to
the date this report was printed.
Charge Date Charge Number Amount Secured Currency Chargee Name
Jan 01, 2010 1065**** 1,750,000 Indian Rupee State Bank of India
Feb 01, 2019 106***** 50,000,000 Indian Rupee Yes Bank
Apr 02, 2020 10768*** 4,343,000 Indian Rupee American ExpressBank Ltd
Apr 18, 2019 10900*** 5,000,000 Indian Rupee ABN Amro BankBhd
HISTORY
BACKGROUND
This Public Limited Liability Company started on Sep 02, 1999, having registration no.L1**33MH1961PLC01****,
and has its registered o�ce at O�ce No 6,3rd Floor,C Wing Laxmi Towers, Bandra Kurla Complex, Bandra (east),
Mumbai, Maharashtra, 400051 India
The last AGM date was Sep 29, 2021. The last Financial Statement Date being Mar 31, 2021.
MERGER
Date of Event: Apr 09, 2017
Event Type: Amalgamation
Name of the Company/Entity: XYZ Associates
Date of Event: Apr 09, 2018
The subject shares are publicly listed on the belowstock exchange/s:
Bombay Stock Exchange India
National Stock Exchange of India India
Event Type: Merger
Name of the Company/Entity: Ber*** International Limited
Date of Event: Apr 09, 2019
Event Type: Amalgamation
Name of the Company/Entity: Spa***** India Private Lim***
CHANGES
Name Changes:
Original business name registered as: Sample Maha****** Limited
the subject registered a change in name to Mar** Steel India Private Limited
On May 28, 2019, the subject registered a change in name to Present name
Legal Status changes:
Date of Change: Apr 20, 2017
Nature of Change: Reconstitution under local laws
Former Legal Structure: Public Limited Liability Company
Name of Previous Change: Sample Maha****** Limited
Previous Registration #: 100****1
Date of Change: Jan 01, 2018
Nature of Change: Conversion from a private to a public limited company
Former Legal Structure: Private limited co
Name of Previous Change: Mar** Steel India Private Limited
Previous Registration #: 20****00
Date of Change: Jan 01, 2019
Nature of Change: Move to a new state
Former Legal Structure: Proprietorship
Name of Previous Change: JJP Associates India Limited
Previous Registration #: 100***0
Date of Change: May 07, 2020
Nature of Change: Move to a new state
Former Legal Structure: Limited liablity company
Name of Previous Change: XYZ Corporation
Previous Registration #: AP128***J
Date of Change: May 07, 2020
Nature of Change: Conversion from a private to a public limited company
Former Legal Structure: Limited Liability Partnership
Name of Previous Change: AHH Company Pvt. Ltd.
CAPITAL
Authorized Capital: 3,000,000.00 INR
Issued Capital: 3,000,000.00 INR
Paid-up Capital 3,000,000.00 INR as on date Jun 30, 2021
Ordinary Shares: 300,000.00 at par value 10 INR
Capital Distribution:
The following details represent the Full Shareholders List
Ordinary Shares:
Shareholding as at Jun 30, 2021
Shareholding details provided by: stock exchange
CAPITAL HISTORY
LEGAL REPRESENTATIVES
Auditors
SHAREHOLDERS % Capital
Ned *** **** 8.5
Dh***a Consultan** 20
XYZ Ventures Pte ****** 35
Mutual Funds 10
Foreign Portfolio Investors 5
Manav Joshi 5
B*I Mut*** Pte Ltd 5
Pranav R****** 5
State Bank of ******* 5
Others 1.5
Year of Change Capital Type Nature ofChange
From To Currency
Jun 19, 2002 AuthorizedCapital
increased 300,000,000.00 500,000,000.00 Indian Rupee
Jan 25, 2003 AuthorizedCapital
increased 500,000,000.00 600,000,000.00 Indian Rupee
Jan 10, 2004 Issued Capital increased 50,000,000.00 55,000,000.00 Indian Rupee
Mar 17, 2007 Issued Capital increased 200,000,000.00 500,000,000.00 Indian Rupee
Apr 18, 2008 Issued Capital increased 500,000,000.00 800,000,000.00 Indian Rupee
Sep 30, 2019 Issued Capital increased 800,000,000.00 900,000,000.00 Indian Rupee
****& Sells Chartered Accountants
Plot No- A -05, ****, Pune, Maharashtra, 412***, India
CORPORATE STRUCTURE
SUBSIDIARIES
D-U-N-S: 999999999
Name: Devi**** Ha**an Tollway Limited
Address: Mount Poonamalle Road,, Post Box No. 979,, Dragon Fly Building, Chennai,Tamil Nadu, 600089, India
No.of Shares owned: 100 %
Name: Sea****s Retail Private Limited
Address: Ballard Estate,, P&T House, Mumbai, Maharashtra, 40***1, India
No.of Shares owned: 69 %
Name: J&T Global ***** Lim****
Address: Unit 7, Level 3, Gate Precinct,, Building 2, Dubai
Address: Park Plaza, 2nd Floor, 71, Park Street,, P.B.No. 9010, Kolkata, West Bengal,India
Location Type: Administrative o�ce
Address: Sublot 24, Lot 16505, Jalan Keluli 1, Jakarta, Indonesia
Location Type: O�ce
DIVISION
The Principle division location(s) are as follows:
Division Name: Aluminium Division
Address: Nasper Building, Kshirsagar Complex,, Mumbai,, Maharashtra, India
Division Name: Nuclear Power Plant Equipment
Address: P.O.Box 8901, Powai Campus,, Nasper Building, Mumbai,, Maharashtra,4***72, India
Division Name: Aerospace
Address: TC-1 Building, B Wing,, P B No. 979, 22 Mount Poonamalee Road,, NasperBuilding, B**le Building,, Chennai,, Tamil Nadu, 600089, India
Division Name: Strategic Electronics Centre
Address: No. 145/2, Nagavarapalya, CV Raman Nagar,, Old Madras Road,, NasperBuilding, Bengaluru,, Karnataka, 56**93, India
Division Name: Electrical & Automation
Address: North Wing, Level 0,, Nasper Building, Citrus Building,, Mumbai,,Maharashtra, 4***76, India
OPERATIONS
LINE OF BUSINESS
LOB Description: Engaged in manufacturing and exporting of Virgin Activated Carbon.
Manufactures carbon black
Manufactures charcoal (carbon), activated
EMPLOYEES
Current:
Total Employees: 187 Estimated
2895-0000
2819-1003
Previous:
Year 2020
PRINCIPALS
PRINCIPALS
Name: * * Kumar
identity number : 800*****1
Name: Allen B***er
identity number : 800****2
Name: * * Mohta
identity number : 800****3
Name: Nand**a Par**h
identity number : 800****4
Name: * Swa**p
identity number : 800****5
Name: D N Dammani
Name: Premlata N Kapoor
EXECUTIVES
Name: * * Kumar
Current Title: Director
Related Experience Since: NA
Education: Bachelor of Chemical Engineering
Founder of the subject: Yes
Active in daily operations: Yes
identity number : 800*****1
Name: Allen B***er
Current Title: Director
Related Experience Since: NA
Founder of the subject: No
Active in daily operations: Yes
identity number : 800****2
Name: * * Mohta
Current Title: Director
Related Experience Since: NA
Founder of the subject: No
Active in daily operations: Yes
identity number : 800****3
Name: Nand**a Par**h
Current Title: Director
Related Experience Since: NA
Founder of the subject: No
Active in daily operations: Yes
identity number : 800****4
Name: * Swa**p
Current Title: Director
Related Experience Since: NA
Founder of the subject: No
Active in daily operations: Yes
identity number : 800****5
Name: D N Dammani
Current Title: Director
Related Experience Since: NA
Founder of the subject: No
Active in daily operations: No
Name: Premlata N Kapoor
Current Title: Director
Related Experience Since: NA
Founder of the subject: No
Active in daily operations: Yes
STATUTORY REGISTRATION
Registration Type Registration Number
Permanent Account Number AAAAA0000A
Goods and Services Tax (GST) 22AAAAA0000A1Z5
Provident Fund Registration Number WBXXX005XXX7000
Importer exporter code 14XXXXX719
COMPLIANCE ASSESSMENT
RBI DEFAULTER LIST
EPF DELAY LIST
NCLT
Match Found.
Source CIBIL
Date of Search Nov 20, 2020
Defaulter Name Bank Branch Quarter OutstandingAmount (In lacs)
SAMPLE INDIA Abhyudaya Co-Operative BankLimited
Mumbai Sep 30, 2020 12345
Match Found.
Source EPFO
Date of Search Nov 20, 2020
Keyword Used Match Found Status Date
SAMPLE INDIA Match Found Defaulted in Jan 31, 2020
SAMPLE INDIA Match Found Delayed in Dec 31, 2020
Match Found.
Source NCLT
Date of Search Nov 20, 2020
Match Found/ Match NotFound
Match Found
Natureof Filing
CP_CANo
CasePurpose
SectionRemark
Date ofOrder
Bench Court Applicant Respondent
CompanyAct
305/241-242/PB/2018
Others Others Dec 18,2020
PrincipalBench
Court - I AkashKhilwani
GlowInfocomPvt Ltd
Insolvency andBankruptcy code
(IB)-578(PB)/2020
FurtherConsideration
7 of IBC Dec 18,2020
PrincipalBench
Court - II AmbawattaBuildwellPrivateLimited
ImperiaStructures Limited
NEWS & ALERTS
Report Date: Apr 10, 2019
Source: Economic Times
Reported Data: Infrastructure major ABC Limited picked up 7.11 lakh shares of IT �rm XYZSoftware Limited between May 27-30 for about INR 70 crore, according toregulatory data.
Report Date: Sep 29, 2019
Source: Mint
Reported Data: The company is planning to open new manufacturing facility in Chakan,Pune
Report Date: Jan 01, 2020
Source: Economic Times
Reported Data: XYZ Company is planning to hive o� its Chemical Division
Report Date: Mar 31, 2021
Source: Auditors Observation
Reported Data: As on 31st March 2021 the company has disputed due of Rs 76.55 Crpayable towards Excise Duty,Service Tax,Custom Duty,Sales Tax dues whichare not deposited as they are pending under disputes.
Report Date: Mar 31, 2021
Source: Auditors Observation
Reported Data: As on 31/03/2021, The Total Contingent Liabilities & Commitments isamounting to Rs. 547.43 cr.
APPENDICES
D&B RATING GLOSSARY
The D&B Rating - The D&B rating consists of two parts, the Financial Strength Indicator and the Risk
Indicator.
For example: in the case of a 2A 4 rating, 2A means the �nancial strength of the business and the 4 is the risk
indicator.
The Risk Indicator is used in conjunction with the Financial Strength Indicator. The Risk Indicator re�ects D&B's
opinion of the risk associated with trading with a speci�c business, notably the likelihood of business
continuance or failure over the next 12 months. Created from expert rules system, the Risk Indicator is refreshed
whenever data is loaded onto our database. Please see the table below for the Risk Indicators and their
1 Strong MinimumRisk Proceed with transaction- o�er extended terms ifrequired
2 Good LowRisk Proceed with transaction
3 Fair Slightly greater thanaverage risk
Proceed with transactionbut monitor closely
4 Limited Signi�cant level of risk Review each case beforeextending credit andobtain more information.Take suitable assurancesbefore extending credit,guarantees may beneeded
- Undetermined Insu�cient informationto assign a Rating
Assigned to concernswhere there isinsu�cient informationto express any opinionon the condition,�nancial soundness orpayment history of theconcern. A concern withno telephone numberwill also be assigned a "-"condition
Alternate Ratings Used
NQ Subject is Not Quali�ed for rating, as its ceasedoperations.
NB Commercial operation usually less than 24 months.
N Balance sheet shows negative net worth
FB Subject is the branch of a company located in anothercountry
BR Subject is a branch location
- A situation exists which is not ratable
DS This is a Dun Support record with limited information.
O A Financial Strength which is Undisclosed.
This report has been prepared by Dun & Bradstreet Information Services India Private
Limited (`D&B`) and is forwarded to the Subscriber in strict con�dence for fair use by the
Subscriber. This report may be considered as one of the decisive factors in connection
with any credit and other business decisions, but under no circumstances shall be
considered as a sole decisive factor. D&B follows ethical practices in the discharge of its
professional services and amongst others, as part of such ethical practices, it follows the
general rules relating to honesty, competence and con�dentiality, and attempts to
provide the most current, complete, and accurate information as possible within the
limitations of available �nance, time constraint and other practical di�culties relating
thereto and arising as a consequence thereof. This report contains information compiled
from various sources (including tele-calling, web search, etc.) over which D&B does not
have control and / or which have not been veri�ed independently by D&B, unless
otherwise indicated in this report. D&B, therefore, does not accept any responsibility for
the accuracy, completeness, timeliness or truthfulness of the information in this report,
which information are believed to be accurate, updated and complete as obtained by
D&B. D&B disclaims any and all liabilities for any loss or damage arising out of or in any
way related to the contents of this report. The Subscriber has to draw its own conclusions
on making independent enquiries and veri�cations and D&B cannot be held liable for any
�nancial loss incurred by anyone basis this report. This report is con�dential and
proprietary to D&B and the Subscriber shall not copy, reproduce, repackage, resell,
publish, transmit, transfer, disseminate, redistribute or disclose to others, in whole or in
part any content of this report without the express written consent of D&B. D&B provides
no advice or endorsement of any kind through this report. The availability of data in this
report does not constitute a recommendation by D&B to enter into any transaction or
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reading of this Report where such inferences may be based on the entirety of this Report.
