|
|
|
MIRA INFORM REPORT
|
Report No. : |
502139 |
|
Report Date : |
06.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
POONA DAL AND BESAN MILLS PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
POONA BESAN MILLS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
71/A, Hadapsar Industrial Estate, Pune - 411013, Maharashtra |
|
Tel. No.: |
91-20-26872003 / 4 |
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|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation
: |
28.05.1985 |
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|
|
|
Com. Reg. No.: |
11-036382 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 4.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15313PN1985PTC036382 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
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TIN No.: |
27910307374 |
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|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AABCP2949M1ZZ |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCP2949M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
The company is engaged in the business of Production of Pulses and Gram Flour (known as Besan in Devnagari) Products. [Registered Activity and also Confirmed by Management] |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
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|
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|
Litigation : |
Clear |
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Comments : |
Poona Dal and Besan Mills Private Limited was incorporated in the year 1985. It is a manufacturer of pulses and besan products.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term bank facilities = A- |
|
Rating Explanation |
Adequate degree of safety and low credit risk |
|
Date |
12.12.2017 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short-term bank facilities = A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
12.12.2017 |
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 06.04.2018.
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 DECLINED BY
|
Name : |
Mr. Pawan |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-20-26872003/ 4 |
|
Date : |
05.04.2018 |
LOCATIONS
|
Registered Office : |
No. 71/A, Hadapsar Industrial Estate, Pune - 411013, Maharashtra,
India |
|
Tel. No.: |
91-20-26872003 / 4 |
|
Mobile No.: |
91-9422036194 (Mr. Pawan) |
|
Fax No.: |
91-20-26873266 |
|
E-Mail : |
|
|
|
|
|
Factory : |
366, Keshav Nagar, Shikrapur Nagar Road Highway, Shriur, Pune – 411366,
Maharashtra, India |
|
Tel No.: |
91-2137-646250 |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Sujit Deepchand Parakh |
|
Designation : |
Managing Director |
|
Address : |
No. 2, Jubilee, Opposite Gurudwara Camp, Pune – 411001, Maharashtra,
India |
|
Date of Birth/Age : |
30.10.1966 |
|
Qualification : |
Diploma in Mechanical engineering |
|
Date of Appointment : |
01.10.2015 |
|
PAN No.: |
AGFPP8935J |
|
DIN No.: |
00067011 |
|
|
|
|
Name : |
Mr. Pankaj Chandulal Baldota |
|
Designation : |
Whole-Time Director |
|
Address : |
Flat No. 33/34, L - Building, Ganraj Estate, Sr. No. 314 A/6, Pune Solapur Road, Hadapsar, Pune - 411013, Maharashtra, India |
|
Date of Birth/Age : |
17.10.1971 |
|
Qualification : |
B.com |
|
Date of Appointment : |
30.06.2014 |
|
PAN No.: |
AAZPB5432C |
|
DIN No.: |
00053894 |
|
|
|
|
Name : |
Mr. Hanumant Narayan Kshirsagar |
|
Designation : |
Whole-Time Director |
|
Address : |
17/A, Hadapsar Industrial Estate, Pune - 411013, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1979 |
|
Qualification : |
B.com |
|
Date of Appointment : |
18.11.2013 |
|
PAN No.: |
AMXPK4050H |
|
DIN No.: |
06738770 |
|
|
|
|
Name : |
Mr. Sunil Deepchand Parakh |
|
Designation : |
Director |
|
Address : |
Bunglow No. 2, Salisbury Park, Gultekdi, Pune-411037, Maharashtra, India |
|
Date of Birth/Age : |
20.02.1964 |
|
Qualification : |
B.com |
|
Date of Appointment : |
16.04.2016 |
|
PAN No.: |
AAXPP9213F |
|
DIN No.: |
00053265 |
|
|
|
|
Name : |
Mr. Pavan Chandulal Baldota |
|
Designation : |
Additional Director |
|
Address : |
A 601, "Isha Sangam" Bibvewadi-Kondwa Road, Market Yard, Pune-411037, Maharashtra, India |
|
Date of Birth/Age : |
30.09.1973 |
|
Date of Appointment : |
01.09.2017 |
|
DIN No.: |
02871760 |
KEY EXECUTIVES
|
Name : |
Mr. Pawan |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Deepchand K. Parakh |
|
3910 |
|
Deepchand Parakh (HUF) |
|
3600 |
|
Sudarshanabai D. Parakh |
|
3700 |
|
Sunil D. Parakh |
|
3970 |
|
Rajashree S. Parakh |
|
3600 |
|
Sujit D. Parakh |
|
3900 |
|
Mira S. Parakh |
|
1710 |
|
Suraj S. Parakh |
|
3900 |
|
Jalamchand K. Parakh |
|
3910 |
|
Jalamchand Parakh (HUF) |
|
3600 |
|
Vijayabai J. Parakh |
|
3600 |
|
Anushree S. Parakh |
|
600 |
|
Total |
|
40000 |
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Individual/Hindu Undivided Family - Indian) |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of Production of Pulses and Gram Flour (known as Besan in Devnagari) Products. [Registered Activity and also Confirmed by Management] |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
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 : |
· Corporation Bank Aditi Commerce Centre, 2406, General Thimayya Road, Pune - 411001, Maharashtra, India · Central Bank of India Bhawani Peth Branch, Pune, Maharashtra, India |
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Facilities : |
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|
|
|
Auditors : |
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|
Name : |
Bharat H Shah and Associates Chartered Accountants |
|
Address : |
B/202, Premanand Park, Wanowrie, Pune-411013, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AVSPS4661A |
|
|
|
|
Memberships : |
Not Available |
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|
Collaborators : |
Not Available |
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|
Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and
their relatives: |
· Parakh and Company · Poona Pulses Private Limited |
|
|
|
|
Subsidiary Company: |
Pulses and Grains International PTE Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000 |
Equity Shares |
INR 100/- each |
INR 4.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000 |
Equity Shares |
INR 100/- each |
INR 4.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
4.000 |
4.000 |
4.000 |
|
(b) Reserves and Surplus |
1033.302 |
645.699 |
520.552 |
|
(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) |
1037.302 |
649.699 |
524.552 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
11.155 |
3.433 |
9.728 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
11.155 |
3.433 |
9.728 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
1373.743 |
861.687 |
454.520 |
|
(c) Other current
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term
provisions |
374.090 |
159.090 |
95.290 |
|
Total Current
Liabilities (4) |
1747.833 |
1020.777 |
549.810 |
|
|
|
|
|
|
TOTAL |
2796.290 |
1673.909 |
1084.090 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
91.258 |
79.755 |
90.092 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
11.858 |
11.858 |
11.858 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
103.116 |
91.613 |
101.950 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
550.131 |
409.442 |
166.190 |
|
(c) Trade
receivables |
504.669 |
243.421 |
122.075 |
|
(d) Cash and
bank balances |
1375.267 |
578.810 |
397.621 |
|
(e)
Short-term loans and advances |
261.535 |
349.126 |
294.771 |
|
(f) Other
current assets |
1.572 |
1.497 |
1.483 |
|
Total
Current Assets |
2693.174 |
1582.296 |
982.140 |
|
|
|
|
|
|
TOTAL |
2796.290 |
1673.909 |
1084.090 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
6452.779 |
5397.035 |
4348.674 |
|
|
Other Income |
48.785 |
24.841 |
16.150 |
|
|
TOTAL |
6501.564 |
5421.876 |
4364.824 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
5621.038 |
4990.699 |
4039.008 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(2.880) |
17.097 |
(8.218) |
|
|
Employee benefit expense |
79.620 |
61.536 |
49.485 |
|
|
Other expenses |
154.318 |
133.273 |
142.700 |
|
|
TOTAL |
5852.096 |
5202.605 |
4222.975 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
649.468 |
219.271 |
141.849 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
32.755 |
17.272 |
18.512 |
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION |
616.713 |
201.999 |
123.337 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
14.111 |
13.052 |
14.844 |
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX |
602.602 |
188.947 |
108.493 |
|
|
|
|
|
|
|
Less |
TAX |
215.000 |
63.800 |
38.665 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
387.602 |
125.147 |
69.828 |
|
|
|
|
|
|
|
|
Earnings Per Share (INR) |
9690.06 |
3128.68 |
1745.70 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
814.350 |
191.374 |
358.110 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
822.072 |
167.522 |
358.110 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
28.55 |
16.46 |
10.25 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
12.79 |
22.17 |
35.62 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
89.20 |
63.02 |
41.07 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.18 |
0.54 |
0.85 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
7.12 |
2.75 |
1.57 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.63 |
0.61 |
0.52 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.01 |
0.01 |
0.02 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.68 |
1.57 |
1.05 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.09 |
0.12 |
0.17 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
19.83 |
12.70 |
7.66 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
6.01 |
2.32 |
1.61 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
13.86 |
7.48 |
6.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
37.37 |
19.26 |
13.31 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.54 |
1.55 |
1.79 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.23 |
1.15 |
1.48 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.37 |
0.39 |
0.48 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
2.79 |
0.86 |
2.43 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.54 |
1.55 |
1.79 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
INANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
4.000 |
4.000 |
4.000 |
|
Reserves & Surplus |
520.552 |
645.699 |
1033.302 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
524.552 |
649.699 |
1037.302 |
|
|
|
|
|
|
Long-term borrowings |
9.728 |
3.433 |
11.155 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
9.728 |
3.433 |
11.155 |
|
Debt/Equity
ratio |
0.019 |
0.005 |
0.011 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
4348.674 |
5397.035 |
6452.779 |
|
|
|
24.108 |
19.562 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
4348.674 |
5397.035 |
6452.779 |
|
Profit |
69.828 |
125.147 |
387.602 |
|
|
1.61
% |
2.32
% |
6.01
% |
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
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 |
Yes |
|
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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
B79819520 |
10437345 |
CORPORATION BANK |
31/05/2013 |
- |
- |
10000000.0 |
ADITI COMMERCE CENTRE2406,
GENERAL THIMAYYA ROADPUNEMH411001IN |
|
2 |
B36681252 |
10060365 |
CENTRAL BANK OF
INDIA LIMITED |
29/06/2007 |
22/03/2012 |
- |
2253500000.0 |
317,M.G. ROAD,
CAMP,PUNEMH411001IN |
|
3 |
B66144585 |
90090399 |
CENTAL BANK OF
INDIA |
13/12/1996 |
06/10/2001 |
16/01/2013 |
150000000.0 |
BHAWANI PETH
BRANCHPUNEMHIN |
STATE OF THE COMPANY’S AFFAIRS AND FUTURE
OUTLOOK
The Company is engaged in the business of production of Pulses and Gram Flour (known as besan in devnagari) products. There has been no change in the business activity of the Company during the financial year ended 31st March, 2017.
The highlights of the Company’s performance are as under:-
Revenue from operations experienced a growth of 19.56% (PFY 24.10%)
Net Profit for the year has increased by INR 262.455 million presently at INR 387.602 million (PFY – INR 125.147 million)
Earnings per share have increased by 47.68% from INR 3128 to INR 9690-.
FIXED ASSETS:
- Land
- Building
- Plant and equipment
- Factory equipment’s
- Furniture and Fixture
- Computer
- 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, India Prisons Service,
Interpol, etc.
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 65.06 |
|
UK Pound |
1 |
INR 91.50 |
|
Euro |
1 |
INR 79.78 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
ARC |
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 opera tions 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.