|
|
|
MIRA INFORM REPORT
|
Report No. : |
502773 |
|
Report Date : |
09.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
AYOKI CEMBOL ERECTORS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
137 and 139, Akshay Complex, Dholepatil Road, Pune – 411011, Maharashtra |
|
Tel. No.: |
91-20-26163535 / 26161514 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
20.09.2005 |
|
|
|
|
Com. Reg. No.: |
11-021329 |
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|
|
Capital
Investment / Paid-up Capital : |
INR 10.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299PN2005PTC021329 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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|
GSTN : [Goods & Service Tax Registration
No.] |
Not Divulged |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
PAN No.: [Permanent Account No.] |
AAFCA3637F |
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|
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|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
The
company is engaged in the business of construction / project activities.
[Registered Activity] |
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|
|
|
No. of Employees
: |
Information denied 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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
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|
Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2005. For the financial year 2017, the revenue of the company has decreased
by 37.65% but has managed to maintain average profit margin of 4.11%. The rating takes into consideration the satisfactory financial profile
of the company marked by sufficient networth base along with negligible debt
level. The company has favourable Earnings Per Share (EPS) of INR 1097.80
against a face value (FV) of INR 1000. Business is active. Payment seems to be usually correct. In view of aforesaid, the company can be considered for business
dealings at 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.
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
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 09.04.2018
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 BY
|
Name : |
Mr. Shailesh |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-7410005669 |
|
Date : |
07.04.2018 |
91-20-26163535
/ 26161514 – Continuously ringing
LOCATIONS
|
Registered Office : |
137 and 139, Akshay Complex, Dholepatil Road, Pune – 411011, Maharashtra, India |
|
Tel. No.: |
91-20-26163535 / 26161514 |
|
Mobile No.: |
91-7410005669 (Mr. Shailesh) |
|
Fax No.: |
91-20-26166510 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Ganesh Kumar |
|
Designation : |
Director |
|
Address : |
A/12, Jagram Complex, Dhanori Road,
Vishrantwadi, Pune – 411015, Maharashtra, India |
|
Date of Birth/Age : |
30.05.1959 |
|
Date of Appointment : |
20.09.2005 |
|
DIN No.: |
00104991 |
|
|
|
|
Name : |
Mr. Kottakalam Krishnankutty |
|
Designation : |
Director |
|
Address : |
Sujas, Po Mannur Kozhikode, Kozhikode –
673328, Kerala, India |
|
Date of Birth/Age : |
02.06.1955 |
|
Date of Appointment : |
20.09.2005 |
|
DIN No.: |
00105053 |
|
|
|
|
Name : |
Mr. Sanooj Kottakalathil |
|
Designation : |
Director |
|
Address : |
C-1, 202, Mahalaxmi Vihar, Vishrantwadi,
Pune – 411015, Maharashtra, India |
|
Date of Birth/Age : |
16.09.1981 |
|
Date of Appointment : |
20.09.2005 |
|
DIN No.: |
02481112 |
|
|
|
|
Name : |
Mr. Sabarinath Velayudhan Nair |
|
Designation : |
Director |
|
Address : |
TC 11 / 1585 (1), Parottukonam, Nalanchira
Po Trivandrum – 695015, Kerala, India |
|
Date of Birth/Age : |
09.02.1984 |
|
Date of Appointment : |
20.09.2005 |
|
DIN No.: |
02501216 |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Sanooj Kottakalathil |
2500 |
|
Sabarinath Velayudhan Nair |
2500 |
|
Ganesh Kumar Sukumuran Nair |
2500 |
|
kutty Kanchappu Krishnan |
2500 |
|
|
|
|
Total |
10000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The
company is engaged in the business of construction / project activities.
[Registered Activity] |
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Products / Services
: |
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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 : |
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 denied by the management |
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Bankers : |
·
HDFC Bank Limited, HDFC Bank House, Senapati Bapat
Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India |
||||||||||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
RSVA and Company Chartered Accountants |
|
Address : |
# 30, Prestige Point, 1st Floor, 283 Shukrawar Peth, Pune – 411002, Maharashtra,
India |
|
Tel. No.: |
91-20-24487800 / 24497169 |
|
Fax No.: |
91-20-24487900 |
|
E-Mail : |
|
|
PAN No.: |
AAYFS1415P |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises owned and significantly influenced by Key management
personnel and their relatives : |
·
Ayoki Fabricon Private Limited ·
Ayoki Sales International |
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
INR 1000/- each |
INR 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
INR 1000/- each |
INR 10.000 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 |
10.000 |
10.000 |
10.000 |
|
(b) Reserves & Surplus |
90.992 |
80.014 |
66.614 |
|
(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) |
100.992 |
90.014 |
76.614 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
142.570 |
100.319 |
137.198 |
|
(b) Deferred tax liabilities (Net) |
1.816 |
1.407 |
0.236 |
|
(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) |
144.386 |
101.726 |
137.434 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
39.493 |
40.814 |
45.144 |
|
(b) Trade
payables |
46.297 |
68.056 |
115.046 |
|
(c) Other
current liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term
provisions |
73.430 |
88.843 |
116.158 |
|
Total Current
Liabilities (4) |
159.220 |
197.713 |
276.348 |
|
|
|
|
|
|
TOTAL |
404.598 |
389.453 |
490.396 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
67.041 |
49.719 |
59.637 |
|
(ii) Intangible
Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
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 |
0.472 |
0.441 |
0.411 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
124.249 |
107.781 |
116.217 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
191.762 |
157.941 |
176.265 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
25.645 |
14.589 |
24.677 |
|
(c) Trade
receivables |
69.356 |
53.762 |
85.032 |
|
(d) Cash
and cash equivalents |
41.728 |
64.753 |
38.126 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other
current assets |
76.107 |
98.408 |
166.296 |
|
Total
Current Assets |
212.836 |
231.512 |
314.131 |
|
|
|
|
|
|
TOTAL |
404.598 |
389.453 |
490.396 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
267.399 |
428.862 |
737.282 |
|
|
|
Other Income |
2.981 |
2.792 |
3.288 |
|
|
|
TOTAL |
270.380 |
431.654 |
740.570 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of constructions |
193.317 |
285.910 |
569.795 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(11.056) |
10.088 |
23.377 |
|
|
|
Employee Benefits Expenses |
38.346 |
54.950 |
59.980 |
|
|
|
Other Expenses |
14.197 |
31.361 |
27.065 |
|
|
|
TOTAL |
234.804 |
382.309 |
680.217 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
35.576 |
49.345 |
60.353 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
6.396 |
14.712 |
9.714 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
29.180 |
34.633 |
50.639 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
11.076 |
11.346 |
12.750 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE
TAX |
18.104 |
23.287 |
37.889 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
7.126 |
9.888 |
17.891 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
10.978 |
13.399 |
19.998 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (INR) |
1097.80 |
1339.95 |
1999.87 |
|
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 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
94.67 |
45.76 |
42.10 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.86 |
7.98 |
8.67 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
87.41 |
86.88 |
73.70 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.39 |
3.38 |
2.45 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.53 |
0.99 |
1.01 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.75 |
0.77 |
0.84 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.80 |
1.57 |
2.38 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.58 |
2.20 |
3.61 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.66 |
0.55 |
0.78 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
5.56 |
3.35 |
6.21 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
4.11 |
3.12 |
2.71 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.71 |
3.44 |
4.08 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
10.87 |
14.89 |
26.10 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.34 |
1.17 |
1.14 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.18 |
1.10 |
1.05 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.25 |
0.23 |
0.16 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
18.21 |
14.11 |
18.23 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.34 |
1.17 |
1.14 |
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 |
|
Share Capital |
10.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
66.614 |
80.014 |
90.992 |
|
Net
worth |
76.614 |
90.014 |
100.992 |
|
|
|
|
|
|
Long Term borrowings |
137.198 |
100.319 |
142.570 |
|
Short Term borrowings |
45.144 |
40.814 |
39.493 |
|
Total
borrowings |
182.342 |
141.133 |
182.063 |
|
Debt/Equity
ratio |
2.380 |
1.568 |
1.803 |
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
|
737.282 |
428.862 |
267.399 |
|
|
|
(41.832) |
(37.649) |
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
|
737.282 |
428.862 |
267.399 |
|
Profit/(Loss) |
19.998 |
13.399 |
10.978 |
|
|
2.71% |
3.12% |
4.11% |
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 |
No |
|
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 |
NATURE OF
OPERATIONS:
The company was incorporated on 20th September 2005. The
company is primarily engaged in the business of construction / project
activities.
REVIEW OF BUSINESS OPERATIONS AND FUTURE
PROSPECTS:
The Directors wish to present the details of Business operations done during the year:
a. Production and Profitability: There was a less production as compared to the last year with the decrease in other income. As a result, the company incurred less mount of profit of INR 10.978 million as compared the profit of previous year which was INR 13.399 million. The company intends to increase its profitability and have started implementing different strategies for the same.
b. Sales: During the year, the company had achieved turnover of INR 267.399 million as compared to previous year which was INR 428.862 million. The same was a result of less production this year taking into account the market constraints.
c. Marketing and Market environment: Marketing is incomplete without involvement of all stakeholders; this year the Company undertook initiatives aimed at deepening the brand engagement with Consumers, Influencers, Institutions and Dealers. The company is making efforts in attracting more consumers through advertisements and promotional activities.
d. Future Prospects including constraints affecting due to Government policies - The Company being engaged in the business of Construction / Project activities, it gets highly influenced by government policies, consumer market. The directors are taking efforts to be commensurate with the market conditions and keeping close watch to achieve profits at all times.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Other loans and advances |
|
|
|
Mobilisation
advance received from customers |
98.038 |
87.824 |
|
Retention money |
8.951 |
8.644 |
|
|
|
|
|
Total |
106.989 |
96.468 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G82142803 |
100165062 |
YES BANK LIMITED |
03/02/2018 |
- |
- |
20877693.0 |
IFC 2, 24TH FLOOR, SENAPATI BAPAT MARG, ELEPHINSTONE (W), MUMBAI MH400013IN |
|
2 |
G75891010 |
100153747 |
HDFC BANK LIMITED |
12/09/2017 |
- |
- |
7997000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL WEST MUMBAI MH400013IN |
|
3 |
G49804842 |
100114121 |
HDFC BANK LIMITED |
11/07/2017 |
- |
- |
7750000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL WEST MUMBAI MH400013IN |
|
4 |
G49815673 |
100114162 |
HDFC BANK LIMITED |
25/05/2017 |
- |
- |
10000000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL WEST MUMBAI MH400013IN |
|
5 |
G49815608 |
100114161 |
HDFC BANK LIMITED |
11/05/2017 |
- |
- |
7750000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL WEST MUMBAI MH400013IN |
|
6 |
G49816002 |
100114164 |
HDFC BANK LIMITED |
29/04/2017 |
- |
- |
1550000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL WEST MUMBAI MH400013IN |
|
7 |
G49816432 |
100114165 |
HDFC BANK LIMITED |
29/04/2017 |
- |
- |
6200000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL WEST MUMBAI MH400013IN |
|
8 |
G38532925 |
100083756 |
ICICI BANK LIMITED |
15/03/2017 |
- |
- |
10119725.0 |
ICICI BANK TOWER, NEAR CHAKLI CIRCLE, OLD PADRA ROAD VADODARA GU390007IN |
|
9 |
G39799093 |
100087117 |
HDFC BANK LIMITED |
20/02/2017 |
- |
- |
2877000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL WEST MUMBAI MH400013IN |
|
10 |
G39798814 |
100087118 |
HDFC BANK LIMITED |
20/02/2017 |
- |
- |
5197218.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL WEST MUMBAI MH400013IN |
FIXED ASSETS:
·
Computer
·
Furniture and Fixtures
·
Plant and Machinery
·
Office Equipment
·
Vehicles
·
Office Premises
·
Land
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 64.99 |
|
|
1 |
INR 90.96 |
|
Euro |
1 |
INR 79.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
NKT |
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.