|
|
|
%2012-Apr-2018_files/image002.jpg){kind=small}
%2012-Apr-2018_files/image004.jpg)
%2012-Apr-2018_files/image005.gif)
MIRA INFORM REPORT
|
Report No. : |
502803.2 |
|
Report Date : |
12.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
JAI HIND TRADERS |
|
|
|
|
Registered
Office : |
29/621, Jain Tower, Vyttila, Kochi-682019, Kerala |
|
Mobile No.: |
91-9846134072 [Mr. Pradeep Shah] |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2018 [Provisional] |
|
|
|
|
Year of
Establishment : |
1990 |
|
|
|
|
Capital
Investment : |
INR 609.547 Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
32AABFJ7099K1Z1 |
|
|
|
|
TIN No.: |
32150295652 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABFJ7099K |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Trader and Importer of Iron and Steel. [Confirmed by Management] |
|
|
|
|
No. of Employees
: |
15 [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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a partnership concern established in the year 1990. It is a
trader and importer of steel and iron. As per the provisional financial of 2018, the concern has achieved
sales turnover of INR 6842.168 million and has reported an average net profit
margin. The concern possesses satisfactory financial position marked by adequate
capital base along with acceptable debt balance sheet profile. Payment seems to be usually correct. In view of aforesaid, the concern can be considered for 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 |
|
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
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 12.04.2018.
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. Pradeep Shah |
|
Designation : |
Chief Accountant |
|
Contact No.: |
91-9846134072 |
|
Date : |
09.04.2018 |
Given number [0484-324064] is not working
LOCATIONS
|
Registered Office : |
29/621, Jain Tower, Vyttila, Kochi-682019, Kerala, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9846134072 [Mr. Pradeep Shah] |
|
Fax No.: |
Not Available |
|
E-Mail : |
PARTNERS
|
Name : |
Mr. Mahendra Kumar Jain |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. Divya Kumar Jain |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. Ankur Jain |
|
Designation : |
Partner |
KEY EXECUTIVES
|
Name : |
Mr. Pradeep Shah |
|
Designation : |
Chief Accountant |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Iron and Steel. [Confirmed by
Management] |
|
|
|
|
Products/ Services : |
Iron and Steel |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Not Available |
|
Countries : |
Not Available |
|
|
|
|
Imports : |
|
|
Products : |
Iron and Steel |
|
Countries : |
China |
|
|
|
|
Terms : |
|
|
Selling : |
Advance Payment, L/C, Cheque and Credit [30 Days] |
|
|
|
|
Purchasing : |
Advance Payment, L/C, Cheque and Credit [30 Days] |
GENERAL INFORMATION
|
Suppliers : |
· Arya Steels Rolling (India) Limited · Rashtriya Ispat Nigam Limited · GBR Metals Private Limited · Chetna Steel Tubes Private Limited · NAV Bharat Tubes Limited · Shri Lakshmi Metal Udyog Limited |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
End Users · Arya Metal Roofs Private Limited · Famous Stainless Steel Private Limited · Greencity Heritage Private Limited · KPM Steels & Trading Co. · Kairali Steels & Alloys (Private) Limited · Vyttila Steel Private Limited |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
15 [Approximately] |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
· HDFC Bank Limited · Union Bank of India |
|
|
|
|
Auditors : |
|
|
Name : |
ASA and Associates LLP Chartered Accountants |
|
Mem. No : |
27972 |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2018 [PROVISIONAL]
|
Capital Investment : |
|
|
Owned : |
INR 609.547 Million |
|
Borrowed : |
--- |
|
Total : |
INR 609.547
Million |
FINANCIAL ANALYSIS
[all figures are
in INR Million]
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partner’s Capital Account |
609.547 |
400.790 |
188.890 |
|
|
2] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
609.547 |
400.79 |
188.890 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
697.139 |
479.188 |
219.050 |
|
|
2] Unsecured Loans |
15.733 |
51.261 |
89.919 |
|
|
TOTAL BORROWING |
712.872 |
530.449 |
308.969 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1322.419 |
931.239 |
497.859 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
55.897 |
48.018 |
38.699 |
|
|
Capital work-in-progress |
0.000 |
1.158 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
115.906
|
176.348
|
|
|
Sundry Debtors |
0.000
|
630.608
|
364.297
|
|
|
Cash & Bank Balances |
19.527
|
109.670
|
60.171
|
|
|
Other Current Assets |
1205.743
|
0.000
|
0.000
|
|
|
Loans & Advances |
185.961
|
287.191
|
80.670
|
|
Total
Current Assets |
1411.231
|
1143.375
|
681.486
|
|
|
Less :
CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
101.428
|
|
|
|
|
Other Current Liabilities |
2.785
|
157.362
|
208.450
|
|
|
Provisions |
40.496
|
103.950
|
13.876
|
|
Total
Current Liabilities |
144.709
|
261.312
|
222.326
|
|
|
Net Current Assets |
1266.522
|
882.063
|
459.160
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1322.419 |
931.239 |
497.859 |
|
%2012-Apr-2018_files/image007.gif){kind=small}
%2012-Apr-2018_files/image008.gif){kind=small}
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2018 [Provisional] |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
|
|
6842.169 |
|
|
|
Other Income |
|
|
95.191 |
|
|
|
TOTAL |
|
|
6937.360 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
6120.279 |
|
|
|
Carriage Inwards/Roundoff |
|
|
76.745 |
|
|
|
Claim |
|
|
2.968 |
|
|
|
Clearing & Forwarding Charges |
|
|
50.216 |
|
|
|
Wages |
|
|
1.820 |
|
|
|
Job Work Chagre |
|
|
1.055 |
|
|
|
Slitting Work |
|
|
0.020 |
|
|
|
Customs Duty - Trading |
|
|
294.302 |
|
|
|
Damage charges A/C |
|
|
0.532 |
|
|
|
Advertisement |
|
|
0.126 |
|
|
|
Annual Maintenance |
|
|
0.564 |
|
|
|
Vehicle Running Exp |
|
|
2.681 |
|
|
|
Business Promotion |
|
|
3.418 |
|
|
|
Commission & Brokerage |
|
|
3.750 |
|
|
|
Crane Running Expenses |
|
|
0.181 |
|
|
|
Donation |
|
|
0.219 |
|
|
|
Electricity Charges |
|
|
0.760 |
|
|
|
Insurance |
|
|
1.679 |
|
|
|
Interest & Penality |
|
|
26.851 |
|
|
|
Office Expenses |
|
|
1.134 |
|
|
|
Postage & Telegram |
|
|
0.091 |
|
|
|
Printing & Stationery |
|
|
0.081 |
|
|
|
Rates & Taxes |
|
|
0.122 |
|
|
|
Repairs & Maintenance |
|
|
0.492 |
|
|
|
Salary, Bonus & HRA |
|
|
3.385 |
|
|
|
Service Tax Paid |
|
|
0.276 |
|
|
|
Staff Welfare |
|
|
0.352 |
|
|
|
Telephone Charges |
|
|
0.668 |
|
|
|
Travelling Expenses |
|
|
4.997 |
|
|
|
Water Expenses |
|
|
0.049 |
|
|
|
Legal Charges |
|
|
0.265 |
|
|
|
Consulting Fee of Customs |
|
|
4.563 |
|
|
|
Certification Charges |
|
|
0.377 |
|
|
|
Auditors Fee |
|
|
0.110 |
|
|
|
Generator Running Expense |
|
|
0.033 |
|
|
|
Fork Lift Running Expense |
|
|
0.024 |
|
|
|
Subscription |
|
|
0.165 |
|
|
|
Alangad Yard Expenses |
|
|
0.457 |
|
|
|
ECGC Expense |
|
|
0.184 |
|
|
|
Security Services - |
|
|
0.545 |
|
|
|
Sales Tax Paid |
|
|
0.476 |
|
|
|
Education Expenses |
|
|
1.265 |
|
|
|
House Rent |
|
|
0.065 |
|
|
|
Citi Bank Expense A/C - 9572 |
|
|
0.064 |
|
|
|
American Express Expense A/C - 25010801 |
|
|
0.148 |
|
|
|
Petrol & Diesel Expense |
|
|
0.868 |
|
|
|
Expense for Marketing |
|
|
0.023 |
|
|
|
E.S.I Contribution Expense |
|
|
0.121 |
|
|
|
EPF Expense |
|
|
0.156 |
|
|
|
Office Rent - Edappally |
|
|
0.061 |
|
|
|
Service Charges |
|
|
0.041 |
|
|
|
Preliminery Expense - Singapore |
|
|
0.446 |
|
|
|
Remuneration partners |
|
|
189.529 |
|
|
|
TOTAL |
|
|
6799.799 |
|
|
|
|
|
|
|
|
Less |
PROFIT BEFORE
INTEREST AND DEPRECIATION AND AMORTISATION |
|
|
137.561 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
|
3.220 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE DEPRECIATION AND AMORTISATION
|
|
|
134.341 |
|
|
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
|
8.138 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
|
126.203 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
38.997 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
|
87.206 |
|
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
|
5877.428 |
5196.850 |
|
|
|
Other Income |
|
87.769 |
8.425 |
|
|
|
TOTAL |
|
5965.197 |
5205.275 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
5526.276 |
5056.954 |
|
|
|
Administrative Cost |
|
20.353 |
52.959 |
|
|
|
Selling and Distribution Cost |
|
23.921 |
1.492 |
|
|
|
Employee Cost |
|
2.943 |
3.859 |
|
|
|
Remuneration to Partners |
|
69.799 |
16.373 |
|
|
|
TOTAL |
|
5643.292 |
5131.637 |
|
|
|
|
|
|
|
|
Less |
PROFIT BEFORE
INTEREST AND DEPRECIATION AND AMORTISATION |
|
321.905 |
73.638 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
36.436 |
30.783 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE DEPRECIATION AND AMORTISATION
|
|
285.469 |
42.855 |
|
|
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
7.246 |
5.602 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
278.223 |
37.253 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
103.991 |
13.885 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
174.232 |
23.368 |
|
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
0.00 |
39.16 |
25.59 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
0.00 |
9.32 |
14.27 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
6.05 |
NA |
NA |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
2.78 |
0.42 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
2.46 |
6.55 |
1.90 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets) |
0.58 |
0.66 |
0.74 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.17 |
1.32 |
1.64 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.26 |
0.78 |
1.65 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.09 |
0.12 |
0.20 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
42.72 |
8.83 |
2.39 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.27 |
2.96 |
0.45 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
5.94 |
14.61 |
3.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
14.31 |
43.47 |
12.37 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current Assets / Current Liabilities) |
8.80 |
3.66 |
2.18 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
8.80 |
3.29 |
1.62 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.42 |
0.34 |
0.26 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.17 |
1.32 |
1.64 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
8.80 |
3.66 |
2.18 |
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 |
31.03.2016 |
31.03.2017 |
31.03.2018
[Provisional] |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Partner’s Capital |
188.890 |
400.790 |
609.547 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
188.890 |
400.790 |
609.547 |
|
Secured Loans |
219.050 |
479.188 |
697.139 |
|
Unsecured Loans |
89.919 |
51.261 |
15.733 |
|
Total
borrowings |
308.969 |
530.449 |
712.872 |
|
Debt/Equity
ratio |
1.636 |
1.324 |
1.170 |
%2012-Apr-2018_files/image006.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2016 |
31.03.2017 |
31.03.2018
[Provisional] |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
5196.850 |
5877.428 |
6842.169 |
|
|
|
13.096 |
16.414 |
%2012-Apr-2018_files/image009.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2016 |
31.03.2017 |
31.03.2018
[Provisional] |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
5196.850 |
5877.428 |
6842.169 |
|
Profit/ (Loss) |
23.368 |
174.232 |
87.206 |
|
|
0.45% |
2.96% |
1.27% |
%2012-Apr-2018_files/image010.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 |
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 |
No |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
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) |
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 |
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 |
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 |
NATURE OF OPERATIONS
Jai hind traders (Partnership Firm), was formed in India on 19th March 1990 to carry on the business of Trading in Iron and Steel.
FIXED ASSETS:
Tangible Assets
· Office Building
·
Office Equipment
·
Furniture
· Air Conditioner
· Motor Car
· Plant and Machinery
· Printer
· Fax Machine
· Office Shed
· Television, etc
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
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.13 |
|
|
1 |
INR 92.52 |
|
Euro |
1 |
INR 80.59 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.