|
Report No. : |
302256 |
|
Report Date : |
16.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
PINGUZ GLOBAL |
|
|
|
|
Registered
Office : |
C-2606, Oberoi Splendor, Jogeswari (East), Mumbai – 400060, |
|
|
|
|
Country : |
|
|
|
|
|
Date of
Incorporation : |
02.06.2014 |
|
|
|
|
Capital
Investment : |
Not Divulged |
|
|
|
|
TIN No.: |
27411080254 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP33527E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAPFP9664C |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Trader, Exporter and Importer of Accessories, Imitation Jewelry
Apparels, Textile, Toys and Electronics. |
|
|
|
|
No. of Employees
: |
5 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
- |
NB |
New Business |
- |
|
Status : |
New Concern |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new partnership concern incorporated as on 2nd
June, 2014 and establishing itself gradually. Mr. Gaurav Consultant provided general information and also confirmed
that concern started its business activity from September, 2014. The concern expects a sizeable turnover from its first year of
operations. Trade relations are reported to be improving. Business is active.
Payment terms are unknown. The concern can be considered for business dealings on fully safe and
secured trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Khushboo |
|
Designation : |
Accountant |
|
Contact No.: |
91-9833931333 |
|
Date : |
05.02.2015 |
LOCATIONS
|
Registered Office : |
C-2606, Oberoi Splendor, Jogeswari (East), Mumbai – 400060,
Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9833931333 (Mr. Khushboo) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
PARTNERS
|
Name : |
Mrs. Anshika Gaurav Awasthi |
|
Designation : |
Partner |
|
Address : |
Flat No. B-703, Plot-17, Sec 14, Kopar Khairane, Navi Mumbai,
Maharashtra, India |
|
Date of Birth/Age : |
23.03.1985 |
|
Qualification : |
B. Sc. |
|
PAN No.: |
APBPA7119N |
|
Passport No.: |
Z2314657 |
|
Voter ID No.: |
SNN1668979 |
|
|
|
|
Name : |
Mrs. Kanti Pawan Wankhede |
|
Designation : |
Partner |
|
Address : |
C-2606, Oberoi Splendor, Jogeshwari, Vikhroli Link Road, Jogeshwari
(East), Mumbai – 400060, Maharashtra, India |
|
Date of Birth/Age : |
32 Years |
|
Qualification : |
B.Sc. Computer |
|
Experience : |
More than 5 Years |
|
PAN No.: |
AEWPT6979D |
|
|
|
|
Name : |
Ms. Kanchan Kiran Mishra |
|
Designation : |
Partner |
|
Address : |
Village Vishunpurwa, PO Gadha, PS Captanganj, District Basti, Uttar
Pradesh, India |
|
Date of Birth/Age : |
02.01.1987 |
|
Qualification : |
MA |
|
PAN No.: |
BOGPM2880H |
|
Passport No.: |
J9673270 |
KEY EXECUTIVES
|
Name : |
Mr. Khushboo |
|
Designation : |
Accountant |
BUSINESS DETAILS
|
Line of Business : |
Trader, Exporter and Importer of Accessories, Imitation Jewelry
Apparels, Textile, Toys and Electronics. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
-- |
|
|
|
|
Imports : |
-- |
|
|
|
|
Terms : |
|
|
Selling : |
Others |
|
|
|
|
Purchasing : |
Others |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
· FlipCart Jabong Myntra Snap Deal Amazon Ebay |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Wholesalers
· Naaptol Homeshop 18 |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
5 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Auditors : |
Not Divulged |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Sister Concerns: |
-- |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
Not Divulged |
|
Total : |
-- |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW CONCERN
Note: Sole Proprietary and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry.
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
No |
|
12] |
Profitability for last
three years |
No |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
No |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
No |
|
28] |
Incorporation details, if
applicable |
No |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
No |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating,
if available |
No |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT OF WORKING CAPITAL REQUIREMENTS
OPERATING STATEMENT
(RS. IN MILLIONS)
|
Sr. No. |
|
PARTICULARS |
Estimated
|
Projection
|
Projection |
Projection |
Projection |
Projection |
|
|
|
|
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
|
1 |
|
GROSS SALES |
|
|
|
|
|
|
|
|
i) |
Sales |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
a) Domestic Sales |
20.000 |
50.000 |
52.500 |
55.125 |
57.881 |
63.669 |
|
|
|
|
|
|
|
|
|
|
|
|
|
b) Export Sales |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
|
|
c) Sub-total [a+b] |
20.000 |
50.000 |
52.500 |
55.125 |
57.881 |
63.669 |
|
|
|
|
|
|
|
|
|
|
|
|
|
d) %age rise (+) or fall (-) in net sales as compared to previous year |
-- |
150.00% |
5.00% |
5.00% |
5.00% |
10.00% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
20.000 |
50.000 |
52.500 |
55.125 |
57.881 |
63.669 |
|
|
|
|
|
|
|
|
|
|
|
|
ii) |
Other income |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
a)Duty drawback |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
|
|
b)Other |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
|
|
c)Commission/ Brokerage/ interest |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
|
|
d) Sub-total [a+b+c] |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total [i] + [ii] |
20.000 |
50.000 |
52.500 |
55.125 |
57.881 |
63.669 |
|
|
|
|
|
|
|
|
|
|
|
2 |
|
COST OF SALES |
|
|
|
|
|
|
|
|
i) |
Purchases |
24.000 |
41.150 |
43.458 |
45.630 |
47.887 |
54.119 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Domestic |
24.000 |
41.150 |
43.458 |
45.630 |
47.887 |
54.119 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Imported |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
|
ii) |
Other expenses [Process
charges, carriage inward, comm, and brokerage on purchases, etc] |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
|
iii) |
Sub-total [i + ii] |
24.000 |
41.150 |
43.458 |
45.630 |
47.887 |
56.825 |
|
|
|
|
|
|
|
|
|
|
|
|
iv) |
Add: Opening stock |
-- |
7.778 |
7.917 |
8.313 |
8.728 |
9.165 |
|
|
|
|
|
|
|
|
|
|
|
|
v) |
Sub-total [iii + iv] |
24.000 |
48.928 |
51.374 |
53.943 |
56.615 |
65.989 |
|
|
|
|
|
|
|
|
|
|
|
|
vi) |
Less: Closing Stock |
7.778 |
7.917 |
8.313 |
8.728 |
9.165 |
11.672 |
|
|
|
|
|
|
|
|
|
|
|
|
vii) |
Sub-total [Total cost of sales] [v - vi] |
16.222 |
41.011 |
43.062 |
45.215 |
47.450 |
54.317 |
|
|
|
|
|
|
|
|
|
|
|
3 |
|
Selling, General and Administrative Expenses (including bonus
payments) |
3.000 |
7.500 |
7.875 |
8.269 |
8.682 |
4.934 |
|
|
|
|
|
|
|
|
|
|
|
4 |
|
Operating Profit before interest and Depreciation [1(iii)-2(vii)-3] |
0.778 |
1.489 |
1.563 |
1.642 |
1.749 |
4.418 |
|
|
|
|
|
|
|
|
|
|
|
5 |
|
Interest Expenses - WC loan |
0.424 |
0.598 |
0.598 |
0.598 |
0.598 |
3.500 |
|
|
|
- Bank Charges |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6 |
|
Depreciation |
0.013 |
0.024 |
0.021 |
0.019 |
0.017 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
7 |
|
Operating profit after interest and depreciation [4-5-6] |
0.341 |
0.868 |
0.944 |
1.025 |
1.134 |
0.918 |
|
|
|
|
|
|
|
|
|
|
|
8 |
|
(i) Add other non-operating income |
|
|
|
|
|
|
|
|
|
(a) Discount received |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
(b) Other Income |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
|
|
Subtotal (income) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
|
|
(ii) Deduct other non-operating expense |
|
|
|
|
|
|
|
|
|
(a) Directors Remuneration |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
(b) other expense |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
|
|
Subtotal (expenses) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
|
|
(iii) Net of other non-operating incomes/expenses (net of 8(i) and
8(ii)) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
9 |
|
Profit before tax/loss (7+8(iii)) |
0.341 |
0.868 |
0.944 |
1.025 |
1.134 |
0.918 |
|
|
|
|
|
|
|
|
|
|
|
10 |
|
Provision for tax |
0.105 |
0.268 |
0.292 |
0.317 |
0.350 |
0.284 |
|
|
|
|
|
|
|
|
|
|
|
11 |
|
Net profit / (loss) [9-10] |
0.236 |
0.600 |
0.653 |
0.708 |
0.783 |
0.634 |
|
|
|
|
|
|
|
|
|
|
|
12 |
|
(i) Equity dividend paid/ Drawings |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
(ii) Dividend Rate |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
13 |
|
Retained Profit[11-12] |
0.236 |
0.600 |
0.653 |
0.708 |
0.783 |
0.634 |
|
|
|
|
|
|
|
|
|
|
|
14 |
|
Retained profit / Net Profit (%age) |
100% |
100% |
100% |
100% |
100% |
100% |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(RS. IN MILLIONS)
|
Sr. No. |
PARTICULARS |
Estimated
|
Projection
|
Projection |
Projection |
Projection |
Projection |
|
|
|
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
|
|
|
|
|
|
|
|
|
|
|
CURRENT LIABILITIES |
|
|
|
|
|
|
|
1 |
Short term borrowings from bank (incl. Bills purchased, discounted and
excess borrowings placed on repayment basis) |
|
|
|
|
|
|
|
|
(i) From applicant bank |
2.500 |
2.500 |
2.500 |
2.500 |
2.500 |
25.000 |
|
|
(ii) From other banks |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
(iii) of which EP and BD |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
Sub Total (A) |
2.500 |
2.500 |
2.500 |
2.500 |
2.500 |
25.000 |
|
|
|
|
|
|
|
|
|
|
2 |
Short term borrowings from others |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
3 |
Sundry Creditors - Trade |
0.356 |
0.451 |
0.476 |
0.500 |
0.525 |
1.186 |
|
|
|
|
|
|
|
|
|
|
4 |
Advance payments from customers/deposits from dealers |
7.500 |
7.500 |
7.500 |
7.500 |
7.500 |
-- |
|
|
|
|
|
|
|
|
|
|
5 |
Provision for Taxation |
0.105 |
0.268 |
0.292 |
0.317 |
0.350 |
0.284 |
|
|
|
|
|
|
|
|
|
|
6 |
Dividend Payable |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
7 |
Other statutory liabilities (due within one year) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
8 |
Deposits/ Instalments of term loan/ DPGs/ Debentures, etc. (due within
one year) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
9 |
Other current liabilities and Provisions (due within one year) |
0.010 |
0.060 |
0.110 |
0.160 |
0.210 |
0.260 |
|
|
|
|
|
|
|
|
|
|
|
Sub Total (B) |
7.971 |
8.279 |
8.378 |
8.477 |
8.585 |
1.730 |
|
|
|
|
|
|
|
|
|
|
10 |
Total Current
Liabilities [total of 1 to 9] |
10.471 |
10.779 |
10.878 |
10.977 |
11.085 |
1.730 |
|
|
|
|
|
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
|
|
|
11 |
Debentures (not maturing within one year) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
12 |
Preference Shares (redeemable after one year) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
13 |
Term loans (excluding instalments payable within one year) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
14 |
Deferred Payment Credits (excl. instalments due within one year) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
15 |
Term deposits (repayable after one year) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
16 |
Other term liabilities |
|
|
|
|
|
|
|
|
(a) Unsecured loans |
0.500 |
0.500 |
0.500 |
0.500 |
0.500 |
17.000 |
|
|
|
|
|
|
|
|
|
|
17 |
Total term liabilities (Total of 11 to 16) |
0.500 |
0.500 |
0.500 |
0.500 |
0.500 |
17.000 |
|
|
|
|
|
|
|
|
|
|
18 |
Total Outside Liabilities [10+17] |
10.971 |
11.279 |
11.378 |
11.477 |
11.585 |
18.730 |
|
|
|
|
|
|
|
|
|
|
|
NET WORTH |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19 |
Partners Capital |
-- |
3.000 |
3.000 |
3.000 |
3.000 |
5.980 |
|
|
|
|
|
|
|
|
|
|
20 |
Capital addition |
3.000 |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
21 |
Drawing |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
22 |
Withdrawal |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
23 |
Surplus (+) or deficit (-) in Profit and Loss Account |
0.236 |
0.835 |
1.488 |
2.196 |
2.980 |
0.634 |
|
|
|
|
|
|
|
|
|
|
24 |
Net worth |
3.236 |
3.835 |
4.488 |
5.196 |
5.980 |
6.614 |
|
|
|
|
|
|
|
|
|
|
25 |
TOTAL LIABILITIES [18+24] |
14.207 |
15.114 |
15.866 |
16.673 |
17.565 |
25.343 |
|
|
|
|
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26 |
Cash and Bank balances |
0.050 |
0.075 |
0.100 |
0.125 |
0.150 |
0.165 |
|
|
|
|
|
|
|
|
|
|
27 |
Deposits |
1.500 |
1.500 |
1.500 |
1.500 |
1.500 |
-- |
|
|
|
|
|
|
|
|
|
|
28 |
Receivables |
4.602 |
4.901 |
5.226 |
5.607 |
6.048 |
-- |
|
|
|
|
|
|
|
|
|
|
30 |
Inventories |
|
|
|
|
|
|
|
|
(i) Raw materials (including stores and other items in process of
manufacture) |
|
|
|
|
|
|
|
|
(a) Imported |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
(b) Indigenous |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
(ii) Stock-in-process |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
(iii) Other consumable stores |
|
|
|
|
|
|
|
|
(a) Imported |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
(b) Indigenous |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
(iv) Finished Goods |
7.778 |
7.917 |
8.313 |
8.728 |
9.165 |
11.672 |
|
|
|
|
|
|
|
|
|
|
31 |
Advance to suppliers of Raw materials and stores/spares |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
32 |
Advance payment of taxes |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
33 |
Other current assets |
0.040 |
0.508 |
0.535 |
0.539 |
0.546 |
-- |
|
|
|
|
|
|
|
|
|
|
34 |
Total Current asset [Total 26 to 33] |
13.969 |
14.901 |
15.674 |
16.500 |
17.409 |
11.837 |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
35 |
Gross Block (land and building machinery vehicles work-in-progress) |
0.250 |
0.250 |
0.250 |
0.250 |
0.250 |
0.156 |
|
|
|
|
|
|
|
|
|
|
36 |
Depreciation to date |
0.013 |
0.036 |
0.058 |
0.077 |
0.094 |
0.000 |
|
|
|
|
|
|
|
|
|
|
37 |
NET BLOCK (35-36) |
0.238 |
0.214 |
0.192 |
0.173 |
0.156 |
0.156 |
|
|
|
|
|
|
|
|
|
|
38 |
Investments/book debts /advances deposits which are not current assets |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
i.(a) Investments in subsidiary companies/ affiliates |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
(b) Others |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
ii. Advances to suppliers of capital goods and contractors |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
iii. Deferred receivables (maturity exceeding one year) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
iv. Others |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
39 |
Non consumables stores and spare |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
40 |
Other non-current assets (incl. Dues from director) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
41 |
Total other non-current assets (Total of 38 to 40) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
42 |
Intangible assets (patents, goodwill, prelim, expenses, bad/ doubtful
debts not provided for etc.) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
43 |
TOTAL ASSETS (Total of 34,37,41 and 42) |
14.207 |
15.114 |
15.866 |
16.673 |
17.565 |
11.993 |
|
|
|
|
|
|
|
|
|
|
44 |
Tangible net worth (24-42) |
3.236 |
3.835 |
4.488 |
5.196 |
5.980 |
6.614 |
|
|
|
|
|
|
|
|
|
|
45 |
Net working Capital [(17+24)-(37+41+42)] Totally with (34-10) |
3.498 |
4.112 |
4.796 |
5.523 |
6.324 |
10.107 |
|
|
|
|
|
|
|
|
|
|
46 |
Current Ratio [34/10] |
1.33 |
1.38 |
1.44 |
1.50 |
1.57 |
6.84 |
|
|
|
|
|
|
|
|
|
|
47 |
Total outside liabilities / Net worth
(18/44) |
3.39 |
2.94 |
2.54 |
2.21 |
1.94 |
2.83 |
|
|
|
|
|
|
|
|
|
|
|
Quasi |
2.80 |
2.49 |
2.18 |
1.93 |
1.71 |
0.07 |
|
|
|
|
|
|
|
|
|
|
|
ADDITIONAL
INFORMATION |
|
|
|
|
|
|
|
|
A. Arrears of depreciation |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
B. Contingent Liabilities: |
|
|
|
|
|
|
|
|
(a) Arrears of cumulative dividends |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
(b)Gratuity liability not provided for |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
(c)Disputed excise/ customs/tax liabilities |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
(d)Other liabilities not provided for |
-- |
-- |
-- |
-- |
-- |
-- |
------------------------------------------------------------------------------------------------------------------------------
FUNDS FLOW STATEMENT
(RS. IN MILLIONS)
|
Sr. No. |
PARTICULARS |
Estimated
|
Projection
|
Projection |
Projection |
Projection |
Projection |
|
|
|
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
|
|
|
|
|
|
|
|
|
|
1 |
Sources |
|
|
|
|
|
|
|
|
[a] Net profit (after tax) |
0.236 |
0.600 |
0.653 |
0.708 |
0.783 |
0.634 |
|
|
|
|
|
|
|
|
|
|
|
[b] Depreciation |
0.013 |
0.024 |
0.021 |
0.019 |
0.017 |
-- |
|
|
|
|
|
|
|
|
|
|
|
Partners' Salary and interest |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
[c] Increase in Capital |
3.000 |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
[d] Increased in Term Liabilities (incl. Public deposits) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
[e] Decrease in |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
[i] Fixed Assets |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
[ii] Other non-current Assets |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
[f] Others (Unsecured Loans) |
0.500 |
--- |
-- |
-- |
-- |
16.500 |
|
|
|
|
|
|
|
|
|
|
|
[g] Total |
3.748 |
0.623 |
0.674 |
0.727 |
0.801 |
17.134 |
|
|
|
|
|
|
|
|
|
|
2 |
Application |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
[a] Net Loss |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
[b] Decrease in Term Liab. (Incl. Public deposits) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
[c] Increase in |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
[i] Fixed Assets |
0.250 |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
[ii] Other non-current Assets |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
[d] Drawing |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
[e] Others (Unsecured loans) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
[f] Total |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
3 |
Long Term Surplus (+) / Deficit (-) (1 minus 2) |
3.498 |
0.623 |
0.674 |
0.727 |
0.801 |
17.134 |
|
|
|
|
|
|
|
|
|
|
4 |
+ / (-) in current assets * ( As per details given below) |
13.969 |
0.931 |
0.773 |
0.826 |
0.909 |
(5.572) |
|
|
|
|
|
|
|
|
|
|
5 |
+ / (-) in current Liabilities other than bank borrowings |
7.971 |
0.308 |
0.099 |
0.099 |
0.108 |
(6.855) |
|
|
|
|
|
|
|
|
|
|
6 |
+ / (-) in working capital Gap |
5.998 |
0.623 |
0.674 |
0.727 |
0.801 |
1.284 |
|
|
|
|
|
|
|
|
|
|
7 |
Net Surplus (+) / deficit (-) (Difference of 3 and 6) |
(2.500) |
-- |
-- |
-- |
-- |
15.850 |
|
|
|
|
|
|
|
|
|
|
8 |
+ / (-) in Bank Borrowings |
2.500 |
-- |
-- |
-- |
-- |
(2.500) |
|
|
|
|
|
|
|
|
|
|
|
* Break up of (4) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
[i] + / (-) in Raw material |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
[ii] + / (-) in Stock in
process |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
[iii] + / (-) in finished goods |
7.778 |
0.139 |
0.396 |
0.416 |
0.436 |
2.508 |
|
|
|
|
|
|
|
|
|
|
|
[iv] + / (-) in Receivables |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
[a] Domestic |
4.602 |
0.300 |
0.325 |
0.381 |
0.441 |
(6.048) |
|
|
|
|
|
|
|
|
|
|
|
[b] Export |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
[v] + / (-) in stores and spares |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
[vi] + / (-) in other Current
Assets |
1.590 |
0.493 |
0.052 |
0.029 |
0.032 |
(2.031) |
|
|
|
|
|
|
|
|
|
|
|
Total |
13.969 |
0.931 |
0.773 |
0.826 |
0.909 |
(5.572) |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES
(RS.
IN MILLIONS)
|
Sr. No. |
PARTICULARS |
Estimated
|
Projection
|
Projection |
Projection |
Projection |
Projection |
|
|
|
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
|
|
|
|
|
|
|
|
|
|
|
A. CURRENT ASSETS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 |
Cash and Bank Balances |
0.050 |
0.075 |
0.100 |
0.125 |
0.150 |
0.165 |
|
|
|
|
|
|
|
|
|
|
|
Fix Deposits |
1.500 |
1.500 |
1.500 |
1.500 |
1.500 |
-- |
|
|
|
|
|
|
|
|
|
|
2 |
Investments (other than long term
investments) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(i) Government and other Trustee securities |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
(ii) Fixed deposits with banks |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
3 |
(i) Receivables other than deferred and
exports (incl. Bills purchased and discounted by banks) |
4.602 |
4.901 |
5.226 |
5.607 |
6.048 |
-- |
|
|
|
|
|
|
|
|
|
|
|
(ii) Export receivable (incl. Bills purchased
and discounted by banks) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
4 |
Instalments of deferred receivable (due
within one year) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
5 |
Inventories |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(i) Raw materials (including stores and
other items in process of manufacture) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) Imported |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
(b) Indigenous |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
(ii) Stock-in-process |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
(iii) Other consumable stores |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) Imported |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
(b) Indigenous |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
(iv) Finished Goods |
7.778 |
7.917 |
8.313 |
8.728 |
9.165 |
11.672 |
|
|
|
|
|
|
|
|
|
|
6 |
Advance to suppliers of Raw materials and
stores/spares |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
7 |
Advance payment of taxes |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
8 |
Other current assets |
0.040 |
0.508 |
0.535 |
0.539 |
0.546 |
-- |
|
|
|
|
|
|
|
|
|
|
9 |
Total Current Assets [1 to 8] |
13.969 |
14.901 |
15.674 |
16.500 |
17.409 |
11.837 |
|
|
|
|
|
|
|
|
|
|
|
B. CURRENT LAIBILITES (Other than bank
borrowings for working capital) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10 |
Short term borrowings from others |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
11 |
Sundry Creditors - Trade |
0.356 |
0.451 |
0.476 |
0.500 |
0.525 |
1.186 |
|
|
LC Creditors |
7.500 |
7.500 |
7.500 |
7.500 |
7.500 |
-- |
|
|
|
|
|
|
|
|
|
|
12 |
Advance payments from customers/ deposits
from dealers |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
13 |
Provision for Tax |
0.105 |
0.268 |
0.292 |
0.317 |
0.350 |
0.284 |
|
|
|
|
|
|
|
|
|
|
14 |
Dividend Payable |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
15 |
Other statutory liabilities (Due within one
year) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
16 |
Deposits/Instalments of term loan/DPGs/
Debentures, etc. (due within one year) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
17 |
Other current liabilities and Provisions
(due within one year) |
0.010 |
0.060 |
0.110 |
0.160 |
0.210 |
0.260 |
|
|
|
|
|
|
|
|
|
|
18 |
Total Current Liabilities [10 to 17] |
7.971 |
8.279 |
8.378 |
8.477 |
8.585 |
1.730 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL
(RS. IN MILLIONS)
|
Sr. No. |
PARTICULARS |
Estimated
|
Projection
|
Projection |
Projection |
Projection |
Projection |
|
|
|
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
|
|
|
|
|
|
|
|
|
|
1 |
Total Current Assets |
13.969 |
14.901 |
15.674 |
16.500 |
17.409 |
11.837 |
|
|
|
|
|
|
|
|
|
|
2 |
Other Current Liabilities (other than bank borrowings) |
7.971 |
8.279 |
8.378 |
8.477 |
8.585 |
1.730 |
|
|
|
|
|
|
|
|
|
|
3 |
Working Capital Gap (WCP)
(1-2) |
5.998 |
6.622 |
7.296 |
8.023 |
8.824 |
10.107 |
|
|
|
|
|
|
|
|
|
|
4 |
Minimum stipulated net working Capital - 25% of total current assets
other than Export Receivables |
3.492 |
3.725 |
3.918 |
4.125 |
4.352 |
2.959 |
|
|
|
|
|
|
|
|
|
|
5 |
Actual/ projected net working capital |
3.498 |
4.122 |
4.796 |
5.523 |
6.324 |
10.107 |
|
|
|
|
|
|
|
|
|
|
6 |
Item 3 minus item 4 |
2.506 |
2.896 |
3.377 |
3.898 |
4.472 |
7.148 |
|
|
|
|
|
|
|
|
|
|
7 |
Item 3 minus item 5 |
2.500 |
2.500 |
2.500 |
2.500 |
2.500 |
-- |
|
|
|
|
|
|
|
|
|
|
8 |
Maximum permissible bank finance (item 6 or 7 whichever is less) |
2.500 |
2.500 |
2.500 |
2.500 |
2.500 |
-- |
|
|
|
|
|
|
|
|
|
|
9 |
Excess borrowings, if any representing short fall in NWC (4-5) |
-- |
-- |
-- |
-- |
-- |
-- |
------------------------------------------------------------------------------------------------------------------------------
FINANCIAL DETAILS
(RS. IN MILLIONS)
|
Sr. No. |
PARTICULARS |
Estimate 2014-15 |
Projection 2015-16 |
Projection 2016-17 |
Projection 2017-18 |
|
|
|
|
|
|
|
|
a) |
Partners capital |
3.236 |
3.835 |
4.488 |
5.196 |
|
|
|
|
|
|
|
|
b) |
Tangible Net
worth |
3.236 |
3.835 |
4.488 |
5.196 |
|
|
|
|
|
|
|
|
c) |
Investment in cos |
-- |
-- |
-- |
-- |
|
|
(Of which in
group cos) |
|
|
|
|
|
|
|
|
|
|
|
|
d) |
Adjusted TNW |
3.236 |
3.835 |
4.488 |
5.196 |
|
|
|
|
|
|
|
|
e) |
Term Liabilities |
0.500 |
0.500 |
0.500 |
0.500 |
|
|
|
|
|
|
|
|
f) |
Capital Employed |
3.736 |
4.335 |
4.988 |
5.696 |
|
|
|
|
|
|
|
|
g) |
Net Block |
0.238 |
0.214 |
0.192 |
0.173 |
|
|
|
|
|
|
|
|
h) |
Net sales : |
20.000 |
50.000 |
52.500 |
55.125 |
|
|
|
|
|
|
|
|
i) |
Other Income |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
j) |
EBIDTA |
0.778 |
1.489 |
1.563 |
1.642 |
|
|
|
|
|
|
|
|
k) |
Interest |
0.424 |
0.598 |
0.598 |
0.598 |
|
|
|
|
|
|
|
|
l) |
Taxes |
0.105 |
0.268 |
0.292 |
0.317 |
|
|
|
|
|
|
|
|
m) |
Cash Accruals |
0.248 |
0.623 |
0.674 |
0.727 |
|
|
|
|
|
|
|
|
n) |
Depreciation |
0.013 |
0.024 |
0.021 |
0.019 |
|
|
|
|
|
|
|
|
o) |
Net Profit/(Loss) |
0.236 |
0.600 |
0.653 |
0.708 |
|
|
|
|
|
|
|
|
p) |
Current Assets |
13.969 |
14.901 |
15.674 |
16.500 |
|
|
|
|
|
|
|
|
q) |
Current
Liabilities |
10.471 |
10.779 |
10.878 |
10.977 |
|
|
|
|
|
|
|
|
|
RATIOS : |
|
|
|
|
|
|
|
|
|
|
|
|
r) |
Current ratio |
1.33 |
1.38 |
1.44 |
1.50 |
|
|
|
|
|
|
|
|
s) |
Debt/Equity : |
|
|
|
|
|
|
Term liabilities/
TNW |
0.15 |
0.15 |
1.44 |
1.50 |
|
|
|
|
|
|
|
|
t) |
TOL/TNW |
3.39 |
2.94 |
2.54 |
2.21 |
|
|
|
|
|
|
|
|
u) |
TOL/ Adjusted TNW |
3.39 |
2.94 |
2.54 |
2.21 |
|
|
|
|
|
|
|
|
v) |
TOL/Quasi Equity |
2.80 |
2.49 |
2.18 |
1.93 |
|
|
|
|
|
|
|
|
w) |
Profitability%:
PAT/Net Sales |
1.18% |
1.20% |
1.24% |
1.28% |
|
|
|
|
|
|
|
|
x) |
Interest Coverage |
1.59 |
2.04 |
2.13 |
2.22 |
|
|
|
|
|
|
|
|
y) |
Inventory +
Receivables/ Sales (%) |
61.90% |
25.64% |
25.79% |
26.01% |
|
Sr. No. |
PARTICULARS |
Estimate 2014-15 |
Projection 2015-16 |
Projection 2016-17 |
Projection 2017-18 |
|
|
|
|
|
|
|
|
a. |
Gross Sales |
20.000 |
50.000 |
52.500 |
55.125 |
|
|
|
|
|
|
|
|
b. |
25% of Gross
Sales |
5.000 |
12.500 |
13.125 |
13.781 |
|
|
|
|
|
|
|
|
c. |
5% of Gross Sales |
1.000 |
2.500 |
2.625 |
2.756 |
|
|
|
|
|
|
|
|
e. |
(b-c) |
4.000 |
10.000 |
10.500 |
11.025 |
|
|
|
|
|
|
|
|
f. |
Limit Applied |
10.000 |
10.000 |
10.000 |
10.000 |
|
|
|
|
|
|
|
|
g. |
Permissible Bank
Finance (Lower of e and f) |
4.000 |
10.000 |
10.000 |
10.000 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MRS. KANTI WANKHEDE
(RS. IN MILLIONS)
(AS ON 31.03.2014)
|
SR. NO. |
PARTICULARS |
AMOUNT |
|
|
|
|
|
A |
Immovable Assets |
Nil |
|
|
Total (A) |
-- |
|
|
|
|
|
B |
Movable Assets |
|
|
|
Jewellary |
70.000 |
|
|
Total (B) |
70.000 |
|
|
|
|
|
|
Total Assets (A+B) |
70.000 |
|
|
|
|
|
C |
Liabilities |
|
|
|
|
|
|
|
Total (C) |
70.000 |
|
|
|
|
|
|
Net Worth (A+B-C) |
70.000 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MRS. KANCHAN MISHRA
(RS. IN MILLIONS)
(AS ON 31.03.2014)
|
SR. NO. |
PARTICULARS |
AMOUNT |
|
|
|
|
|
A |
Immovable Assets |
Nil |
|
|
Total (A) |
-- |
|
|
|
|
|
B |
Movable Assets |
|
|
|
Jewellary |
60.000 |
|
|
Cash and Bank Balance |
0.118 |
|
|
Total (B) |
60.118 |
|
|
|
|
|
|
Total Assets (A+B) |
60.118 |
|
|
|
|
|
C |
Liabilities |
Nil |
|
|
|
|
|
|
Total (C) |
-- |
|
|
|
|
|
|
Net Worth (A+B-C) |
60.118 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MRS. ANSHIKA AWASTHI
(RS. IN MILLIONS)
(AS ON 31.03.2014)
|
SR. NO. |
PARTICULARS |
AMOUNT |
|
|
|
|
|
A |
Immovable Assets |
Nil |
|
|
Total (A) |
-- |
|
|
|
|
|
B |
Movable Assets |
|
|
|
(i) Jewellary |
65.000 |
|
|
Total (B) |
65.000 |
|
|
|
|
|
|
Total Assets (A+B) |
65.000 |
|
|
|
|
|
C |
Liabilities |
Nil |
|
|
|
|
|
|
Total (C) |
-- |
|
|
|
|
|
|
Net Worth (A+B-C) |
65.000 |
------------------------------------------------------------------------------------------------------------------------------
PROFILE
Subject is a B2B distributor for local and imported products like Apparels, Home and Kitchen Appliances, Electronics (Tablets, Phone accessories, Unique electronic gadgets), Hardware tools (Drill machines etc), Fashion Jewellery.
Subject has tied up with numerous local brands like Orbit, Cello, Wish Tell, DataMini, Agarwal Industries etc. and intend to add another 250 brands by March 2015.
The partners of the firm Mrs. Kanti Wankhede have five years experience in this line of business. Subject has received interests from Naaptol and Home Shop 18 marketplaces for supplying Window/Android based Tablets.
The Hi Tech back end systems also enables firm to get products live on multiple marketplaces simultaneously in real time. Pinguz Global has tied up with numerous local brands like Orbit, Cello, Wish Tell, DataMini, Agarwal Industries etc and intend to add another 250 brands by March 2015.
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.14 |
|
|
1 |
Rs. 95.78 |
|
Euro |
1 |
Rs. 71.05 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MRI |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.