MIRA INFORM REPORT

 

 

Report No. :

312455

Report Date :

18.05.2015

 

IDENTIFICATION DETAILS

 

Name :

D. N. ASSOCIATES

 

 

Registered Office :

8, Sugnamal Market, 39, Aminabad, Lucknow – 226018, Uttar Pradesh

Tel. No.:

91-522-4046883

 

 

Country :

India

 

 

Financials (as on) :

31.03.2015

 

 

Year of Establishment:

1991

 

 

Com. Reg. No.:

13783

 

 

Capital Investment / Paid-up Capital :

Rs. 29.049 Million

 

 

IEC No.:

Not Available

 

 

Tin No.:

Not Available

 

 

PAN No.:

[Permanent Account No.]

AADFD9908R

 

 

Legal Form :

Partnership Concern with an Unlimited Liability of the Partners

 

 

Line of Business :

Distributors of Pharmaceuticals Products.

 

 

No. of Employees :

20 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (47)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established partnership concern having satisfactory track. The concern has reported a better increase in its sales volume and net profitability during FY2014. Liquidity of the concern is fair.

 

Trade relations are fair. Business is active. Payment terms are reported to be usually correct.

 

The concern can be considered for business dealings at usual business 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

 

Rating Agency Name

Not Available

Rating

Not Available

Rating Explanation

Not Available

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 31-03-2014.

 

 

INFORMATION PARTED BY

 

Name :

Mr. Vivek Singh

Designation :

Accounts Manager

Contact No.:

91-522-4046883

Date :

11.05.2015

 

 

LOCATIONS

 

Registered Office :

8, Sugnamal Market, 39, Aminabad, Lucknow – 226018, Uttar Pradesh, India

Tel. No.:

91-522-4046883

Fax No.:

91-522-4046883

E-Mail :

dnassociates.lko@gmail.com

Area :

300 sq. ft.

Location :

Rented

 

 

Branch Office:

CP-1, Sector “G”, Aashiana, Lucknow - 226012, Uttar Pradesh, India

Tel. No.:

91-522-4042709

Fax No.:

91-522-4046883

Area :

600 sq. ft.

Location :

Rented

 

 

Godown:

7-C, Krishna Nagar, Kanpur Road, Lucknow - 226023, Uttar Pradesh, India

 

 

PARTNERS

 

Name :

Mr. Deepak Manchanda

Designation :

Partner

Address:

7-C, Krishna Nagar, Kanpur Road, Lucknow, Uttar Pradesh, India

Age:

52 Years

Qualification:

Post Graduate

Experience:

21 Years

PAN

AFPPM18302M

 

 

Name :

Mrs. Chanchal Manchanda

Designation :

Partner

Address:

7-C, Krishna Nagar, Kanpur Road, Lucknow, Uttar Pradesh, India

Age:

70 Years

Qualification:

Graduate

Experience:

21 Years

PAN

AJPPM8007Q

 

 

Name :

Mrs. Vanadana Manchanda

Designation :

Partner

 

 

Name :

Mrs. Monika  Manchanda

Designation :

Partner

 

 

Name :

Mr. Mohit Manchanda

Designation :

Partner

 

 

Name :

Mr. Sandip Manchanda

Designation :

Partner

 

 

Name :

Mr. Madan Manchanda

Designation :

Partner

 

 

KEY EXECUTIVES

 

Name :

Mr. Vivek Singh

Designation :

Accounts Manager

 

 

BUSINESS DETAILS

 

Line of Business :

Distributors of Pharmaceuticals Products.

 

 

Products :
  • Products of roche,
  • MSD pharma,
  • Pfizer limited,
  • Bristol myer’s sauibb,
  • Boehringer ingelem,
  • Merck, sun pharma etc.

 

 

Brand Names :

Not Available

 

 

Agencies Held :
  • Roche (Foreign)
  • MSD Pharma (Foreign)
  • BMS (Foreign)
  • Sun Pharma (Indian)

 

 

Exports :

Not Applicable

 

 

Imports :

Not Applicable

 

 

Terms :

 

Selling :

Credit (30/60 Days)

 

 

Purchasing :

Credit (30/60 Days)

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Sun Pharma Laboratories Private Limited

Name of the Person :

Mr. Abhishek Singh (Business Manager)

Contact No.:

91-9621622333

Since How Long Known :

3 Years

Maximum Limit Dealt :

Rs. 20.000 Million (Per annual)

Experience :

Payment Behaviour – Excellent

Market Goodwill - Excellent

Overall - Excellent

Remark:

Mr. Abhishek Informed that they are satisfied with payment behavior and he informed that D.N. Associate is one of the best customer. 

 

Reference :

PFIZER Limited

Name of the Person :

Mr. Mukesh Bajaj

Contact No.:

91-8935028857

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

Reference :

Boehringer Ingelem

Name of the Person :

Mr. Tabrez Siddiqui

Contact No.:

91-9554961430

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

Reference :

Merck Serono

Name of the Person :

Mrs. Kavita Kumari

Contact No.:

91-9868612342

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

Reference :

MSD Pharma

Name of the Person :

Mr. Dhruv Chakravarthy

Contact No.:

91-9336377289

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

Reference :

Bristol Myer’s Squibb

Name of the Person :

Mr. Rajeev Srivastava

Contact No.:

91-8090226699

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

Reference :

Novartis India Limited

Name of the Person :

Mr. Samir Tewari

Contact No.:

91-9793078670

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

Reference :

Reliance Life Sciences Private Limited

Name of the Person :

Mr. Amit Giri

Contact No.:

91-9936287878

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Wholesalers, Retailers Others and Hospitals/ Institutions

 

Reference :

AFMSD Hospital, Lucknow

Name of the Person :

Mr. Ram Naresh (LPO)

Contact No.:

91-9919966559

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Payment Behaviour – Excellent

Market Goodwill - Excellent

Overall - Excellent

Remark:

Mr. Ram Informed that they are satisfied with their product quality and delivery behavior.

 

Reference :

Regency Hospital - Kanpur

Name of the Person :

Mr. Dinesh

Contact No.:

91-512-2295789

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Reference :

SGPGIMS, Lucknow

Name of the Person :

Mr. K.K. Srivastava (Purchase)

Contact No.:

9453013641

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Reference :

Extra Divisional Hspital, RDSO - luckno

Name of the Person :

Mr. Dr. Sangita Sagar (Senior DMO)

Contact No.:

9794863175

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

Reference :

Dr. R.M.L.I.M.S., Lucknow

Name of the Person :

Mr. Bhagwat Shukla

Contact No.:

91-9936595999

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

Reference :

Shanti Raj Medicals

Name of the Person :

Mr. Pradeep Bhawnani

Contact No.:

91-9935599962

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

Reference :

Central Government Health Scheme, CGHS, Lucknow

Name of the Person :

Dr. A K Sood (Additional Director)

Contact No.:

91-9919966559

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

Reference :

Command Hospial – Lucknow

Name of the Person :

Col. Ashok Kumar (OIC Procurement)

Contact No.:

91-9415158066

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

20 (Approximately)

 

 

Bankers :

Bank Name

Axis Bank Limited

Branch

31/93, Ground, 1 and 2 Floor, MG Marg, Lucknow – 226001, Uttar Pradesh, India

Person Name (With Designation)

Mr. Ram Krishna Yadav (RM)

Contact Number

91-9161111156

Name of Account Holder

D.N. Associates

Account Number

910030009534707

Account Since (Date/Year of Account Opening)

20 March 2010

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Cash Credit - Rs. 19.500 Million

Account Operation

Satisfactory

Remarks (If any)

Firm is banking with us since 20.03.2010 and conduct of the account has been satisfactory till date.

 

Auditors :

 

Name :

Madhur Jain and Company

Chartered Accountants

Address :

72, Eldeco Greens, Gomti Nagar, Lucknow, Uttar Pradesh, India

Tel No:

91-522-4005810

Email:

mjainco@gmail.com

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Sister Concern :

Name :

D S Associates

Address :

13A, Jopling Road, Lucknow, Uttar Pradesh, India

Line of Business :

C and F Agent

 

 

Name :

S. M. Associates

Address :

7-C, Krishna Nagar, Kanpur Road, Lucknow, Uttar Pradesh, India

Line of Business :

Medicine Suppliers

 

 

CAPITAL STRUCTURE

 

As on: 31.03.2015

 

Capital Investment :

 

Owned :

Rs. 29.049 Million

Borrowed :

--

Total :

Rs. 29.049 Million

 

 

FINANCIAL DATA

[All figures are in Rupees Millions]

 

SOURCES OF FUNDS

 

31.03.2015

31.03.2014

31.03.2013

SHAREHOLDERS FUNDS

 

 

 

1] Share Capital

29.049

18.668

12.561

2] Share Application Money

0.000

0.000

0.000

3] Reserves & Surplus

0.000

0.000

0.000

4] (Accumulated Losses)

0.000

0.000

0.000

NETWORTH

29.049

18.668

12.561

LOAN FUNDS

 

 

 

1] Secured Loans

25.000

6.037

13.331

2] Unsecured Loans

3.500

3.708

2.757

TOTAL BORROWING

28.500

9.745

16.088

DEFERRED TAX LIABILITIES

0.000

0.000

0.000

 

 

 

 

TOTAL

57.549

28.413

28.649

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

0.818

0.838

0.529

Capital work-in-progress

0.000

0.000

0.000

 

 

 

 

INVESTMENT

0.000

0.000

0.000

DEFERRED TAX ASSETS

0.000

0.000

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories
31.000
21.576

25.163

 

Sundry Debtors
69.000
46.603

45.001

 

Cash & Bank Balances
0.129
0.190

0.059

 

Other Current Assets
1.100
0.978

0.000

 

Loans & Advances
3.550
2.816

2.457

Total Current Assets
104.779
72.163

72.680

Less : CURRENT LIABILITIES & PROVISIONS
 
 

 

 

Sundry Creditors
46.500
42.960

43.235

 

Other Current Liabilities
0.100
0.963

0.088

 

Provisions
1.448
0.665

1.237

Total Current Liabilities
48.048
44.588

44.560

Net Current Assets
56.731
27.575

28.120

 

 

 

 

MISCELLANEOUS EXPENSES

0.000

0.000

0.000

 

 

 

 

TOTAL

57.549

28.413

28.649

 

 

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2015

31.03.2014

31.03.2013

 

SALES

 

 

 

 

 

Income

505.000

407.492

351.641

 

 

Other Income

5.970

5.546

5.573

 

 

TOTAL                                    

510.970

413.038

357.214

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Goods Sold

490.000

395.339

342.499

 

 

Salaries

4.100

3.747

3.600

 

 

Staff Welfare

0.110

0.106

0.080

 

 

Printing and Stationery

0.150

0.086

0.136

 

 

Packaging Material

0.175

0.175

0.160

 

 

Fright and Cartage

0.197

0.196

0.180

 

 

Rent

0.196

0.196

0.028

 

 

Insurance

0.062

0.061

0.089

 

 

Computer Expenses

0.117

0.114

0.111

 

 

Electricity Expenses

0.040

0.047

0.042

 

 

Conveyance

0.190

0.186

0.169

 

 

Postage and Telegram

0.140

0.126

0.090

 

 

Bank Charges

0.185

0.185

0.244

 

 

Bank Interest

1.920

1.372

1.450

 

 

Miscellaneous Expenses

0.030

0.029

0.057

 

 

Commission paid on sales

0.000

0.015

0.000

 

 

Deduction from commission

0.000

0.041

0.000

 

 

Sales Tax Paid

0.000

0.133

0.000

 

 

Office Expenses

0.000

0.016

0.000

 

 

Software Expenses

0.000

0.017

0.000

 

 

Donations

0.000

0.012

0.010

 

 

Audit Fee

0.000

0.045

0.028

 

 

Legal Expenses

0.040

0.033

0.030

 

 

Telephone and Internet Charges

0.175

0.156

0.133

 

 

Repair and Maintenance

0.050

0.038

0.037

 

 

Service Tax

0.000

0.082

0.409

 

 

Tender Expense

0.020

0.016

0.007

 

 

Interest on Capital

1.690

1.339

1.002

 

 

Remuneration to Partners

6.920

5.495

4.245

 

 

Depreciation

0.000

0.121

0.108

 

 

Tax

1.448

0.963

0.828

 

 

TOTAL                                        

507.955

410.487

355.772

 

 

 

 

 

 

Net Profit

3.015

2.551

1.442

 

The above information has been parted by Mr. Vivek Singh (Accounts Manager)

 

 

Note: Sole Proprietary and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry.

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2015

31.03.2014

31.03.2013

Net Profit Margin

(PAT / Sales)

(%)
0.60

0.63

0.41

 

 
 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)
2.86

3.49

1.97

 

 
 

 

 

Return on Investment (ROI)

(PBT/Networth)

 
0.10

0.14

0.12

 

 
 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 
0.98

0.52

1.28

 

 
 

 

 

Current Ratio

(Current Asset/Current Liability)

 
2.18

1.62

1.63

 

 

FINANCIAL ANALYSIS

[All figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Partner Capital

12.561

18.668

29.049

Reserves & Surplus

0.000

0.000

0.000

Net worth

12.561

18.668

29.049

 

 

 

 

Secured Loan

13.331

6.037

25.000

Unsecured Loan

2.757

3.708

3.500

Total borrowings

16.088

9.745

28.500

Debt/Equity ratio

1.281

0.522

0.981

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

351.641

407.492

505.000

 

 

15.883

23.929

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

351.641

407.492

505.000

Profit

1.442

2.551

3.015

 

0.41%

0.63%

0.60%

 

 

 

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

Yes

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

Yes

12]

Profitability for last three years

Yes

13]

Reasons for variation <> 20%

--

14]

Estimation for coming financial year

No

15]

Capital in the business

Yes

16]

Details of sister concerns

Yes

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

Yes

25]

Conduct of the banking account

Yes

26]

Buyer visit details

-

27]

Financials, if provided

Yes

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

No

34]

External Agency Rating, if available

No

 

 

TRADE REFRENCE:

 

Company Name:

Aggarwal Pharma

Person Name:

Mr. Amit Aggarwal

Address:

1st, Floor, Solomen Market, Aminabad, Lucknow, Uttar Pradesh, India

 

 

Company Name:

Healthways Agencies

 

Person Name:

Mr. V K Dingra

 

Address:

4 Sugnamal Market, 39 Aminabad, Lucknow, Uttar Pradesh, India

 

 

 

COMPANY DISCRIPTION:

 

They are pharmaceutical/ surgical distributor at Lucknow with an experience of more two decades. They are major suppliers to all major government/ Corpoprate hospitals and Lucknow and other important CITIES OF Uttar Pradesh. They are major suppliers to SGPGIMS Lucknow, armed Forces Medical Store Depot Lucknow, Command Hospital and base Hospital Lucknow, King George Medical University, Sahara Hospital and Various other government, PSUs and private hospital such as Hindalco, CDRI, NTPCs, Avadh Hospital, Ajanta Hospital, SIPS hospital, Nishant hospital to name some.

 

They are distributor for Major National and Multinational Pharmaceutical companies such as Roche Products India Private Limited, Pfizer limited, Johnson and Johnson, Novartis India Limited, MSD Pharmaceutical Private Limited, Bristol Myers Squibb India, Merck Oncology, Eli Lilly and Company India Private Limited, Abbott Private Limited, Baxter India Limited, Sun Pharmaceutical Industries limited, Lupin Limited, Bayer Pharmaceutical, Ferring India Limited, Gland Pharma, Zydus Healthcare limited, Ranbaxy Limkited, Reliance life Sciences, Orchid Pharma Raman and Weil, LG Lifesciences, Pavior Pharma, Smith and Nephew and SHI Mediware Private Limited to name some.

 

 

PARTNER PROFILE:

 

1. Mr. Deepak Manchandra: Aged 51 Years is an experienced entrepreneur having 23 years of experience in trading of pharmaceutical formulations, institutional/ Hospital Liaoning and supplies and managing companies. He is a graduate and a MBA degree holder in marketing. His Experience in supplying, managing, giving expert’s advice. His exposure in Uttar Pradesh market in dealing with institutes such SGPSIMS, AFMSD, command hospital, base hospital, Sahara hospital, KGMC etc. has helped him to develop business with renowned doctors and institutes hospital across the state.

 

2. Mrs. Chanchal Manchandra: Aged 72 Years+ is a graduate. She is a sleeping partner and thus all the operations of the company are being handled by Mr. Deepak Manchandra.

 

3. Mr. Sandip Manchandra: Aged 49 Years in an engineering graduate. He has exposure in major corporate at management levels. He joined business in 2002 and helped develop business tremendously.

 

 

 

NET WORTH

1. Name

  1. Name

Mrs. Chanchal Manchandra

  1. Age

73 Years

  1. Fathers Name

Mr. Madan Lal Manchandra
  1. Age

80 Years

  1. Present Residential Address

7-C, Krishna Nagar, Kanpur Road, Lucknow, Uttar Pradesh, India
  1. Annual Income

Rs. 2.500 Million

 

Details of Immovable Property Owned:

Type of Immovable Property

Market Value 

Landed Property Plot of Land/ Agricultural Land, Building Bungalow/Flat Shop /Factory Shed etc.

Rs. 10.000 Million

 

Details of share, debentures bonds, deposits etc.

Name of the company Institution Bank

Market Value 

Share

Rs. 0.700 million

D N Associates

Rs. 2.500 million

Total

Rs. 3.200 Million

 (Listed and unlisted securities to be segregated and separate statements to be attached)

 

Details of Jewellery Owned 

Type Article

Market Value 

Gold Ornaments Gold Bullion Silver

Rs. 0.300 million

Diamond Jewellery etc.

--

 

 

 

2. Name

  1. Name

Mr. Deepak Lal Manchandra

  1. Age

49 Years

  1. Fathers Name

Mr. Madan Lal Manchandra
  1. Age

80 Years

  1. Present Residential Address

7-C, Krishna Nagar, Kanpur Road, Lucknow, Uttar Pradesh, India
  1. Annual Income

Rs. 2.000 Million
  1. Net Worth (Assets – Liabilities)

Rs. 8.000 Million

 

Details of Immovable Property Owned:

Type of Immovable Property

Market Value 

Landed Property Plot of Land/ Agricultural Land, Building Bungalow/Flat Shop /Factory Shed etc.

Rs. 5.000 Million

 

Details of share, debentures bonds, deposits etc.

Name of the company Institution Bank

Market Value 

Share

Rs. 1.200 million

D N Associates

Rs. 6.800 million

D S Associates

Rs. 2.100 Million

Total

Rs. 10.100 Million

 (Listed and unlisted securities to be segregated and separate statements to be attached)

 

Details of Jewellery Owned 

Type Article

Market Value 

Gold Ornaments Gold Bullion Silver

Rs. 0.300 million

Diamond Jewellery etc.

Rs. 0.420 Million

 

Details of Vehicles Owned

Type of Vehicles Article

Brand and Make of the Vehicle

Date of Purchase

Originally Cost

Liability if any on the Vehicles

Name of Lenders

Scooter

Honda Brio

2013

Rs. 0.600 million

Rs. 0.300 Million

State Bank of India

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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

Indian Rupees

US Dollar

1

Rs.63.58

UK Pound

1

Rs.100.30

Euro

1

Rs.72.038

 

 

INFORMATION DETAILS

 

Information Gathered by :

GYT

 

 

Analysis Done by :

SUM

 

 

Report Prepared by :

MTN

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

6

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

6

--PROFITABILITY

1~10

4

--LIQUIDITY

1~10

6

--LEVERAGE

1~10

5

--RESERVES

1~10

5

--CREDIT LINES

1~10

5

--MARGINS

-5~5

-

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

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

 

 

 

TOTAL

 

47

 

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 and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

 

 

 

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

 

--

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.