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|
MIRA INFORM REPORT
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Report No. : |
501821 |
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Report Date : |
04.04.2018 |
IDENTIFICATION DETAILS
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Name : |
INDICA INDUSTRIES PRIVATE LIMITED (w.e.f. 17.11.2011) |
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Formerly Known
As : |
INDICA CHEMICAL INDUSTRIES PRIVATE LIMITED |
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Registered
Office : |
A-4, Greater Kailash, No I, New Delhi-110048 |
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Tel. No.: |
91-11-29233593 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
21.03.1984 |
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Com. Reg. No.: |
55-017752 |
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Capital
Investment / Paid-up Capital : |
INR 2.491 Million |
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CIN No.: [Company Identification
No.] |
U29299DL1984PTC017752 |
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IEC No.: [Import-Export Code No.] |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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PAN No.: [Permanent Account No.] |
AAACI0233Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of all kinds of Industrial Chemicals, Organic and
Inorganic, Heavy and Fine, Dyes and Intermediates, Pigments Paints, Solvents,
Petroleum Products, their Mixtures, Derivatives and Compounds. (Registered
activity) |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Maximum Credit Limit : |
USD 6400000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1984. It is a manufacturer of
technical products specializing in noise, vibration, heat and insulation
management for industry specific applications. Management has not filed its financial record with government
department for the year 2017 and same are not available from any other
sources. For the financial year, ended 2016, the revenue of the company has
increased by 11.59% as compared to the previous year and it has achieved
favourable net profit margin of 16.63%. Rating takes into consideration the sound financial profile of the
company marked by above average net worth base along with acceptable gap
between its trade receivables and trade payables and satisfactory liquidity
position. Rating is constrained on account of absence of latest financial
record. Business is active. Payments seems to be regular. In view of aforesaid, the company can be considered good for normal
business dealings at usual trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low
Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High
Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial
Reconstruction) LISTING STATUS
Subject’s name is
not listed as a Sick Unit in the publicly available BIFR (Board for Industrial
& Financial Reconstruction) list as of 04.04.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED
MANAGEMENT NON-COOPERATIVE: Tel. No.: 91-120-4347550
LOCATIONS
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Registered Office : |
A-4, Greater Kailash No. I, New Delhi – 110 048, India |
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Tel. No.: |
91-11-29233593 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Head Office : |
C-6, Sector-63, Noida – 201 301, Uttar Pradesh, India |
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Tel. No.: |
91-120-4347550/
51/ 52/ 53/ 54 |
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Fax No.: |
91-120-4347558 |
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E-Mail : |
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Factory 1: |
Property No.31, Integrated Textile Park Limited, SW-51, Phase II, Dodballapur, Bengaluru – 516203, Karnataka, India |
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Factory 2: |
B-8, Sector-58, Noida, Uttar Pradesh, India |
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Factory 3: |
C-157, Sector-63, Noida -201301, Uttar Pradesh, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Deepak Anand |
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Designation : |
Director |
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Address : |
16/1- 35, 18B Benson Cross Road, Bangalore – 560046,
Karnataka, India |
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Date of Birth/Age : |
29.08.1949 |
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Date of Appointment : |
20.03.1987 |
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DIN No.: |
00011500 |
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Other Directorship:
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Name : |
Mr. Sunil Sharma |
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Designation : |
Managing Director |
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Address : |
A-4, Greater Kailash No. I, New Delhi – 110 048, India |
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Date of Birth/Age : |
14.12.1956 |
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Qualification : |
B.A. (Hons), MBA (USA) |
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Date of Appointment : |
21.03.1984 |
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DIN No.: |
01591189 |
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Other Directorship:
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Name : |
Mrs. Kamla Sharma |
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Designation : |
Director |
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Address : |
A-4, Greater Kailash No. I, New Delhi – 110 048, India |
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Date of Birth/Age : |
07.11.1925 |
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Qualification : |
B.A. |
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Date of Appointment : |
03.06.1986 |
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DIN No.: |
01591213 |
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Other Directorship:
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Name : |
Dr. Shiva Sharma |
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Designation : |
Director |
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Address : |
535, Heards Ferry Road, Atlanta GA - 303284720 Atlanta
303284720 US |
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Date of Birth/Age : |
02.03.1952 |
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Date of Appointment : |
23.05.1987 |
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DIN No.: |
01591299 |
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KEY EXECUTIVES
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Name : |
Kamal Chand Shah |
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Designation : |
Company Secretary |
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Address : |
KD-14B, Ashok Vihar, Phase-I, Delhi – 110 052, India |
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Date of Birth/Age : |
17.10.1936 |
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Date of Appointment : |
19.10.1984 |
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PAN No: |
AANPS1507P |
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Name : |
Ashok Kumar and Company |
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Designation : |
Practicing Company Secretary |
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Address : |
Off: Flat No. I – 901, Tower – I, Aditya Celebrity Home, Sector - 76, Noida, Uttar Pradesh, India |
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Tel. No: |
91-120 – 4993749 |
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Mob. No: |
91-9818994570 |
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Email: |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Sunil Sharma |
|
19350 |
|
Kamla Sharma |
|
940 |
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|
4000 |
|
Shiva Sharma |
|
292 |
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Deepak Anand |
|
150 |
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Sunder Anand |
|
170 |
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Rajendra Vaid |
|
5 |
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Total |
|
24907 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
83.24 |
|
Public – (Individual/ Hindu
Undivided Family – Indian) |
16.76 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of all kinds of Industrial Chemicals, Organic and
Inorganic, Heavy and Fine, Dyes and Intermediates, Pigments Paints, Solvents,
Petroleum Products, their Mixtures, Derivatives and Compounds. (Registered
activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Auditors : |
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Name : |
H. Mitter and Company Chartered Accountants |
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Address : |
A - 2 / 6 , Safdarjung Enclave Africa, Avenue, New Delhi, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AADPM3350L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiaries : |
Indica Industries UK Limited |
CAPITAL STRUCTURE
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
INR 100/- each |
INR 20.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24907 |
Equity Shares |
INR 100/- each |
INR 2.491 Million |
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|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
2.491 |
2.491 |
2.491 |
|
(b) Reserves & Surplus |
2240.819 |
1955.206 |
1701.045 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
2243.310 |
1957.697 |
1703.536 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
-10.779 |
1.679 |
4.012 |
|
(c) Other long term
liabilities |
11.028 |
27.904 |
51.582 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
0.249 |
29.583 |
55.594 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.099 |
0.166 |
0.106 |
|
(b) Trade payables |
228.979 |
193.200 |
163.302 |
|
(c) Other current liabilities |
49.730 |
23.886 |
14.206 |
|
(d) Short-term provisions |
328.302 |
348.908 |
398.000 |
|
Total
Current Liabilities (4) |
607.110 |
566.160 |
575.614 |
|
|
|
|
|
|
TOTAL |
2850.669 |
2553.440 |
2334.744 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
279.676 |
275.204 |
272.997 |
|
(ii) Intangible Assets |
51.267 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
55.332 |
0.498 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1202.336 |
1095.016 |
952.968 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
92.807 |
71.669 |
63.321 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
1681.418 |
1442.387 |
1289.286 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
303.703 |
263.806 |
253.139 |
|
(c) Trade receivables |
380.576 |
341.591 |
285.138 |
|
(d) Cash and cash equivalents |
68.191 |
69.966 |
47.675 |
|
(e) Short-term loans and
advances |
416.781 |
435.690 |
459.506 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1169.251 |
1111.053 |
1045.458 |
|
|
|
|
|
|
TOTAL |
2850.669 |
2553.440 |
2334.744 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
1718.367 |
1539.922 |
1348.925 |
|
|
Other Income |
63.183 |
62.842 |
84.472 |
|
|
TOTAL
|
1781.550 |
1602.764 |
1433.397 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
850.733 |
772.399 |
701.121 |
|
|
Purchases of Stock-in-Trade |
34.839 |
31.570 |
35.292 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(2.264) |
(0.632) |
2.817 |
|
|
Employees benefits expense |
277.484 |
250.460 |
172.714 |
|
|
|
5.802 |
5.409 |
0.000 |
|
|
Other expenses |
187.091 |
149.979 |
202.746 |
|
|
TOTAL |
1353.685 |
1209.185 |
1114.690 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
427.865 |
393.579 |
318.707 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.367 |
0.538 |
0.965 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
427.498 |
393.041 |
317.742 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
19.187 |
19.993 |
13.851 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
408.311 |
373.048 |
303.891 |
|
|
|
|
|
|
|
Less |
TAX |
122.542 |
115.167 |
70.570 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
285.769 |
257.881 |
233.321 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
261.784 |
251.994 |
209.515 |
|
|
TOTAL
EARNINGS |
261.784 |
251.994 |
209.515 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
11473.44 |
10353.75 |
9367.69 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
348.143 |
234.032 |
303.891 |
|
Net cash flows from (used in) operating activities |
348.143 |
130.096 |
303.891 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
80.84 |
80.97 |
77.15 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.52 |
4.51 |
4.73 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
94.38 |
87.71 |
80.94 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.41 |
1.49 |
1.26 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.11 |
1.43 |
1.17 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.21 |
0.22 |
0.25 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.27 |
0.29 |
0.34 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.17 |
0.14 |
0.16 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1165.84 |
731.56 |
330.27 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
16.63 |
16.75 |
17.30 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
10.02 |
10.10 |
9.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
12.74 |
13.17 |
13.70 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.93 |
1.96 |
1.82 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.43 |
1.50 |
1.38 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.79 |
0.77 |
0.73 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.04 |
0.07 |
0.04 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.93 |
1.96 |
1.82 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
2.491 |
2.491 |
2.491 |
|
Reserves & Surplus |
1701.045 |
1955.206 |
2240.819 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1703.536 |
1957.697 |
2243.310 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.000 |
|
Short Term borrowings |
0.106 |
0.166 |
0.099 |
|
Total
borrowings |
0.106 |
0.166 |
0.099 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
1348.925 |
1539.922 |
1718.367 |
|
|
|
14.159 |
11.588 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
1348.925 |
1539.922 |
1718.367 |
|
Profit |
233.321 |
257.881 |
285.769 |
|
|
17.30% |
16.75% |
16.63% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
FINANCIAL RESULTS
The Company s
financial performance for the year under review alongwith previous year figures
are given hereunder:
Production and
Profitability
The Company has achieved a turnover of INR 1863.500 Million as compared to INR 1668.500 Million in the previous year. Profit before Tax increased from INR 378.500 Million to INR 414.200 Million.
Sales
During the Financial Year the Turnover of the Company had increased by approx 12 Company. The Management expects a 15 increase in the turnover of the Company in the coming year.
Marketing and Market
Environment
Although the economic conditions remain challenging, they are optimistic of the future in the markets they operate in and the new markets Future Prospects including constraints due to Government policies The Board is of the view that there were no constraints affecting the Business prospects of the Company due to Government Policies.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand |
0.099 |
0.166 |
|
|
|
|
|
Total |
0.099 |
0.166 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G56199060 |
100127309 |
The Hongkong and Shanghai Banking Corporation Limited |
08/09/2017 |
- |
- |
250000000.0 |
Birla Tower 25, Barakhamba Road, New Delhi – 110001, India |
|
2 |
G53083408 |
100121869 |
The Hongkong and Shanghai Banking Corporation Limited |
10/08/2017 |
- |
- |
250000000.0 |
K 14-18, Sector 18, Gautam Budh Nagar, Noida – 201301, Uttar Pradesh, India |
|
3 |
G53085064 |
100121874 |
The Hongkong and Shanghai Banking Corporation Limited |
10/08/2017 |
- |
- |
37500000.0 |
K 14-18, Sector 18, Gautam Budh Nagar, Noida – 201301, Uttar Pradesh, India |
|
4 |
Z00178702 |
80036218 |
Canara Bank |
08/10/1997 |
21/09/2001 |
- |
6500000.0 |
Overseas Branch, K.G. Marg, New Delhi – 110001, India |
|
5 |
A53635215 |
80036219 |
Canara Bank |
31/01/1987 |
12/12/2008 |
- |
1500000.0 |
Overseas Branch, B-39, First floor , Connaught Circus, New Delhi – 110001, India |
FIXED ASSETS
- Land
- Buildings
- Factory building
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
- Motor vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 65.02 |
|
|
1 |
INR 91.45 |
|
Euro |
1 |
INR 80.09 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.