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MIRA INFORM REPORT
|
Report No. : |
501728.2 |
|
Report Date : |
07.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
SUN RISE ENTERPRISES |
|
|
|
|
Registered
Office : |
604, Agrawal B2B Centre, Kanch Pada Road, Off Link Road, Malad (West),
Mumbai- 400064, Maharashtra |
|
Tel. No.: |
91-22-28821402 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Establishment: |
01.04.2009 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 26.301 Million |
|
|
|
|
CST/ TIN No.: |
27830732472 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0309064830 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AOUPS3187C |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AOUPS3187C1ZE |
|
|
|
|
Drug License
No.: |
MH-TZ5-20B/TNZ-5/1914 & MH-TZ5-21B/TNZ-5/5276 |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Trader of Pharma Raw Material. (Confirmed by management) |
|
|
|
|
No. of Employees
: |
17 (Approximately) |
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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 75000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a proprietary concern established in the year 2009. It is
having satisfactory track record. It is a trader of Pharma Raw Material. Mr. Mitesh Sureshchandra Shah (Proprietor) has provided general information pf the subject to us. For the financial year 2017, the concern has achieved decent sales turnover which has improved as compared to previous year marked by satisfactory profit margin. Rating takes into consideration the satisfactory financial profile of
the concern marked by comfortable capital base along with strong debt
coverage indicators due to low debt balance sheet profile. Trade relations are fair. Business is active. Payment seems to be
usually correct. In view of aforesaid, the concern can be considered for business
dealings with usual 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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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
31-03-2018.
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 07.04.2018
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 PARTED BY
|
Name : |
Mr. Mitesh Sureshchandra Shah |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9022068665 |
|
Date : |
03.04.2018 |
LOCATIONS
|
Registered Office: |
604, Agrawal B2B Centre, Kanch Pada Road, Off Link Road, Malad (West),
Mumbai- 400064, Maharashtra, India |
|
Tel. No.: |
91-22-28821402 |
|
Mobile No.: |
91-9022068665 (Mr. Mitesh Shah) |
|
Fax No.: |
91-22-28821403 |
|
E-Mail : |
|
|
Area : |
450 sq. ft. |
|
Location: |
Owned |
|
Locality: |
Commercial |
|
|
|
|
Godown : |
Manish Compound, Building No.2, H No.263/44, Gala No.11, Anjur Patah,
Bhiwandi, Maharashtra, India |
|
Location: |
Rented |
|
|
|
|
Billing Address
: |
Gala No.15, Cabin A, Building No. D Jaishree Ram Compound, Purna,
Bhiwandi, Thane – 401302, Maharashtra,
India |
SOLE PROPRIETOR
|
Name : |
Mr. Mitesh Sureshchandra Shah |
|
Designation : |
Proprietor |
|
Address: |
B-70, Vardhaman Kutir, Shankar Lane, Kandivali (West), Mumbai-400067, Maharashtra, India |
|
Date of Birth/ Age : |
27.11.1974 |
|
Qualification : |
T.Y.B.Com |
|
Experience : |
21 Years |
|
PAN No.: |
AOUPS3187C |
BUSINESS DETAILS
|
Line of Business : |
Trader of Pharma Raw Material. (Confirmed by management) |
|
|
|
|
Products : |
Pharma Raw Materials |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
China |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cheque and Credit (30/ 60/ 90 Days), Others (RTGS) |
|
|
|
|
Purchasing : |
L/C, Cheque and Credit (30/ 60/ 90 Days), Others (RTGS) |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
17 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Vipul Bheda and Associates Chartered Accountants |
|
Address : |
3, Ganesh Manish Society, Near Dalvi Hospital, S.V. Road, Kandivali
(West), Mumbai- 400067 Maharashtra, India |
|
Tel. No.: |
91-22-28631976 |
|
Mobile No.: |
91-9820774503 |
|
E-Mail : |
|
|
Memberships No.
: |
103694 |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Sister Concern: |
Not Divulged |
CAPITAL STRUCTURE
As on 31.03.2017
|
Particulars |
INR In Million |
Particulars |
INR In Million |
|
To Bank
|
0.582 |
By balance b/d |
20.290 |
|
To Income Tax |
2.631 |
By Net Profit |
13.054 |
|
To LIC Premium |
0.239 |
By Bank |
0.070 |
|
To Max Life Insurance |
0.030 |
|
|
|
To Advance tax |
3.500 |
|
|
|
To Charity and Donation |
0.007 |
|
|
|
To T.D.S. / T.C.S. |
0.100 |
|
|
|
To Mediclaim |
0.021 |
|
|
|
To Prudential ICICI Premium |
0.003 |
|
|
|
|
|
|
|
|
To Balance c/d |
26.301 |
|
|
|
|
|
|
|
|
Total |
33.414 |
Total |
33.414 |
FINANCIAL DATA
[all figures are
in INR Million]
Note : Sole Proprietary and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry.
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Proprietor’s Capital |
26.301 |
20.290 |
8.293 |
|
|
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 |
26.301 |
20.290 |
8.293 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
14.458 |
0.000 |
|
|
2] Unsecured Loans |
38.708 |
30.713 |
19.400 |
|
|
3] Bank Overdraft |
0.000 |
0.039 |
0.000 |
|
|
TOTAL BORROWING |
38.708 |
45.210 |
19.400 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
65.009 |
65.500 |
27.693 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3.130 |
2.078 |
2.321 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
49.160 |
56.993 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
14.782 |
12.232 |
9.056
|
|
|
Sundry Debtors |
135.703 |
193.315 |
123.487
|
|
|
Cash & Bank Balances |
1.826
|
2.982
|
0.559
|
|
|
Other Current Assets |
0.223
|
1.397
|
2.280
|
|
|
Loans & Advances |
4.091
|
2.876
|
0.950
|
|
|
Deposit |
0.017
|
0.000
|
0.017
|
|
Total
Current Assets |
156.642
|
212.802
|
136.349
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000
|
0.000
|
87.891
|
|
|
Other Current Liabilities and Provisions |
143.898
|
206.373
|
23.086
|
|
|
Advance from Debtors |
0.025
|
0.000
|
0.000
|
|
Total
Current Liabilities |
143.923
|
206.373
|
110.977
|
|
|
Net Current Assets |
12.719
|
6.429
|
25.372
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
65.009 |
65.500 |
27.693 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
716.759 |
672.870 |
365.799 |
|
|
Other Income |
1.842 |
6.866 |
2.543 |
|
|
TOTAL |
718.601 |
679.736 |
368.342 |
|
|
|
(Due to business growth) |
||
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
672.065 |
576.442 |
323.615 |
|
|
Advertising Expenses |
0.006 |
0.006 |
0.003 |
|
|
Bad Debts |
3.046 |
0.954 |
0.000 |
|
|
Brokerage |
0.942 |
1.199 |
0.000 |
|
|
Buyers Credit Charges |
0.124 |
0.845 |
0.056 |
|
|
Bonus |
0.000 |
0.011 |
0.035 |
|
|
Godown Expenses |
0.046 |
0.054 |
0.075 |
|
|
Commission |
6.863 |
6.360 |
5.418 |
|
|
Conveyance |
0.146 |
0.050 |
0.016 |
|
|
Charity and donation |
0.000 |
0.000 |
0.508 |
|
|
Discount |
0.085 |
0.039 |
0.178 |
|
|
Diwali Expenses |
0.155 |
0.041 |
0.065 |
|
|
Donation |
0.000 |
1.200 |
0.000 |
|
|
Electricity Charges |
0.051 |
0.046 |
0.058 |
|
|
Freight |
0.175 |
1.272 |
0.667 |
|
|
Foreign Exchange
Difference |
0.000 |
3.164 |
0.000 |
|
|
Hale Majoori Expenses |
0.600 |
1.059 |
0.399 |
|
|
Insurance Charges |
0.170 |
0.120 |
0.064 |
|
|
Audit fees |
0.030 |
0.030 |
0.000 |
|
|
Interest Expenses |
0.031 |
0.000 |
0.018 |
|
|
Internet Expenses |
0.000 |
0.028 |
0.000 |
|
|
LC Charges |
0.008 |
0.002 |
0.094 |
|
|
Legal Charges |
0.317 |
0.075 |
0.044 |
|
|
License Fees |
0.025 |
0.022 |
0.009 |
|
|
Loading Unloading Charges |
0.229 |
0.651 |
0.000 |
|
|
Late Payment Interest |
0.000 |
0.001 |
0.003 |
|
|
Laboratory Charges |
0.000 |
0.011 |
0.006 |
|
|
Mahanagar Gas Limited |
0.004 |
0.000 |
0.002 |
|
|
Custom Duty |
0.000 |
51.435 |
2.196 |
|
|
Clearing and forwarding |
0.000 |
2.904 |
24.475 |
|
|
Office Expenses |
0.476 |
0.545 |
0.171 |
|
|
Office Maintenance |
0.100 |
0.058 |
0.056 |
|
|
Packing and Forwarding |
0.055 |
0.005 |
0.035 |
|
|
Postage and Telegram |
0.023 |
0.021 |
0.025 |
|
|
Printing and Stationery |
0.182 |
0.172 |
0.088 |
|
|
Processing Fees |
0.256 |
0.110 |
0.181 |
|
|
Professional Fees |
3.617 |
3.145 |
0.293 |
|
|
Professional tax |
0.005 |
0.000 |
0.000 |
|
|
Property Tax |
0.033 |
0.000 |
0.000 |
|
|
Rate Difference |
0.011 |
0.002 |
0.000 |
|
|
Rent |
0.043 |
0.047 |
0.070 |
|
|
Rent (Warehouse) |
0.000 |
0.051 |
0.000 |
|
|
Repairs and Maintenance |
0.776 |
0.796 |
0.000 |
|
|
Salary |
3.226 |
2.336 |
0.568 |
|
|
Sales Promotion Expenses |
0.600 |
0.358 |
0.166 |
|
|
Sales tax dues |
0.000 |
0.000 |
1.004 |
|
|
VAT/CST Paid |
1.127 |
1.440 |
0.000 |
|
|
Shortage of Material |
0.009 |
0.000 |
0.000 |
|
|
Staff Welfare |
0.143 |
0.105 |
0.094 |
|
|
Sundry expenses |
0.000 |
0.044 |
0.000 |
|
|
Telephone Expenses |
0.091 |
0.040 |
0.040 |
|
|
Transportation Charges |
2.025 |
1.218 |
0.268 |
|
|
Travelling Expenses |
0.805 |
0.467 |
0.306 |
|
|
Testing and Analytical
Charges |
0.000 |
0.015 |
0.000 |
|
|
Warehouse and Storage |
0.012 |
0.005 |
0.009 |
|
|
Interest Paid on
Unsecured Loan |
3.871 |
3.392 |
1.733 |
|
|
Repairing Charges |
0.042 |
0.002 |
0.000 |
|
|
Repairs |
0.000 |
0.000 |
0.171 |
|
|
Stamp Duty |
0.451 |
0.051 |
0.000 |
|
|
Storage Charges |
0.071 |
0.008 |
0.000 |
|
|
Varahai |
0.006 |
0.000 |
0.000 |
|
|
Motor Car Expenses |
0.126 |
0.085 |
0.081 |
|
|
Misc. Expenses |
0.000 |
0.140 |
0.000 |
|
|
TOTAL |
699.429 |
659.287 |
361.630 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, DEPRECIATION AND
AMORTISATION |
19.172 |
20.449 |
6.712 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
5.798 |
5.117 |
3.255 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
13.374 |
15.332 |
3.457 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.320 |
0.243 |
0.000 |
|
|
|
|
|
|
|
|
NET PROFIT FOR THE YEAR |
13.054 |
15.089 |
3.457 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
69.10 |
104.86 |
123.22 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
5.28 |
3.48 |
2.96 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
0.00 |
99.13 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.30 |
1.67 |
0.74 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
6.13 |
9.84 |
2.89 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.87 |
0.93 |
0.94 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.47 |
2.23 |
2.34 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
6.94 |
11.68 |
15.72 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.12 |
0.10 |
0.28 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.31 |
4.00 |
2.06 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
1.82 |
2.24 |
0.95 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
6.25 |
5.55 |
2.49 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
49.63 |
74.37 |
41.69 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.86 |
0.90 |
1.05 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.78 |
0.85 |
0.98 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.13 |
0.07 |
0.06 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.47 |
2.23 |
2.34 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.86 |
0.90 |
1.05 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL 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) |
|
Proprietor’s Capital |
8.293 |
20.290 |
26.301 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
8.293 |
20.290 |
26.301 |
|
|
|
|
|
|
Secured Loans |
0.000 |
14.458 |
0.000 |
|
Unsecured Loans |
19.400 |
30.713 |
38.708 |
|
Bank Overdraft |
0.000 |
0.039 |
0.000 |
|
Total borrowings |
19.400 |
45.210 |
38.708 |
|
Debt/Equity ratio |
2.339 |
2.228 |
1.472 |
%2007-Apr-2018_files/image006.gif)
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 |
365.799 |
672.870 |
716.759 |
|
|
|
83.945 |
6.523 |
%2007-Apr-2018_files/image007.gif)
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 |
365.799 |
672.870 |
716.759 |
|
Profit |
3.457 |
15.089 |
13.054 |
|
|
0.95% |
2.24% |
1.82% |
%2007-Apr-2018_files/image008.gif)
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 |
Yes |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
No |
|
26 |
Turnover of firm for last Three years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
No |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
FIXED ASSETS
- Machinery and Plant
- Furniture and Fittings
- Machinery and Plant
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 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
|
INR |
|
US Dollar |
1 |
INR 64.98 |
|
|
1 |
INR 90.95 |
|
Euro |
1 |
INR 79.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
SUD |
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 |
NO |
|
--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.