|
|
|
MIRA INFORM REPORT
|
Report No. : |
503555 |
|
Report Date : |
12.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
RAJDEEP AUTOMATION PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
SS CONTROLS AND AUTOMATION PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
3rd Floor, Survey No. 143, Vadgaon Dhayari, Pune – Sinhagad Road, Next to SBI, Pune – 411041, Maharashtra |
|
Tel. No.: |
91-20-24393755/ 32540067 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
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|
|
|
Date of
Incorporation : |
21.06.1999 |
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|
|
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Com. Reg. No.: |
11-017928 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 7.806 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109PN1999PTC017928 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AACCR2096N1ZW |
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|
|
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TIN No: |
27260001648 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AACCR2096N |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Installation of Industrial Machinery and Equipment. (Registered Activity) |
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|
|
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No. of Employees
: |
Not Divulged |
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 |
|
Maximum Credit Limit : |
USD 500000 |
|
|
|
|
Status : |
Good |
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|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established incorporated in the year 1999 having good
track. Management of the company has not filed its financial with the
government department for the year 2017. As per available financials of 2016, the company has witnessed a
growth in its revenue and has achieved decent profit margin at 7.67%
(approx.) The company possesses found financial profile marked by healthy net
worth base along with negligible debt recorded by the company. The company also derives strength from its long established track
record of business operations. Trade relations are reported as fair. Business is active. Payment
terms are seems to be regular and as per commitments. In view of the 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.
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
31-03-2016.
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 DENIED BY
|
Name : |
Mr. Sanjay |
|
Designation : |
Account Department |
|
Contact No.: |
91-20-24393755/ 32540067 |
|
Date : |
11.04.2018 |
91-22-23002837/ 8 (Ringing)
LOCATIONS
|
Registered Office : |
3rd Floor, Survey No. 143, Vadgaon Dhayari, Pune – Sinhagad Road, Next to SBI, Pune – 411041, Maharashtra, India |
|
Tel. No.: |
91-20-24393755/ 32540067 |
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Fax No.: |
91-20-24393756 |
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E-Mail : |
|
|
Website : |
|
|
Area : |
5000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Head Office: |
G3A, Anand
Complex, Sane Guruji Marg, Chinchpokli (West), Mumbai – 400001, Maharashtra,
India |
|
Tel. No.: |
91-22-23002837/8 |
|
Fax No.: |
91-22-230023839 |
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E-Mail : |
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Warehouse : |
S-13, Sonar industrial Estate, Krishnai Aqua Lane, Nanded Phata, Pune,
Maharashtra, India |
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|
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Branch Offices 1: |
22,Ground Floor, Saraswati Complex, Saraswati Cross Road
Manjalpur, Vadodara-390011, Gujarat, India |
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E-Mail : |
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Branch Offices 2: |
70,71,72 3rd, Rudraksh Complex, 1606, Phase - III, G.I.D.C. Estate Vatva, Mahemadavad Road, Ahmedabad -382445, Gujarat, India |
|
Tel. No.: |
91-79-40083949 |
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E-Mail : |
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Branch Offices 3: |
No. 33, 6th Main Near Kanteerava Studio Circle, Narasimhalu Layout, Bangalore –560096, Karnataka, India |
|
Tel. No.: |
91-80-41269758 |
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E-Mail : |
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Branch Offices 4: |
VNB Associates 99-B, 11 Street Tatabad, Coimbatore - 641 012, Tamilnadu, India |
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E-Mail : |
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Branch Offices 5: |
D-17, 1st Floor, Ashoka Enclave-1, Near NHPC Chowk, Faridabad – 121003, Haryana, India |
|
Tel. No.: |
91-129-4132634 |
|
|
|
|
Branch Offices 6: |
Tentulberia, Garia Station, Hospital Road House, No.41/2, House Name: Anandam Near Ideal Commercial College, P.O. Sonarpur, Kolkata – 700084, West Bengal, India |
|
E-Mail : |
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Distributors
Centre: |
Located At:
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DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Bharat Kirtilal Shah |
|
|
Designation : |
Director |
|
|
Address : |
9/10, Kamla Prabha Apts, Adinath Socity, Satara Road, Pune - 411037, Maharashtra, India |
|
|
Date of Birth/Age : |
07.12.1953 |
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Date of Appointment : |
21.06.1999 |
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|
DIN No.: |
00084217 |
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|
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Name : |
Mr. Shrenik Deepak Shah |
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|
Designation : |
Director |
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|
Address : |
9/10, Kamla Prabha Apts, Adinath Socity, Satara Road., Pune - 411037, Maharashtra, India |
|
|
Date of Birth/Age : |
14.03.1975 |
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Date of Appointment : |
21.06.1999 |
|
|
DIN No.: |
00084136 |
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|
|
|
|
|
Name : |
Mr. Sandeep Shrikant Shah |
|
|
Designation : |
Director |
|
|
Address : |
Dhun House, 1st Floor, Tejpal Road,Gamdevi, Mumbai - 400004, Maharashtra, India |
|
|
Date of Birth/Age : |
11.05.1972 |
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|
Date of Appointment : |
21.06.1999 |
|
|
DIN No.: |
00084184 |
|
|
|
|
|
|
Name : |
Mr. Shrikant Kirtilal Shah |
|
|
Designation : |
Director |
|
|
Address : |
1,Dhun House, Tejpal Road, Gamdevi, Mumbai - 400008, Maharashtra, India |
|
|
Date of Birth/Age : |
30.12.1946 |
|
|
Date of Appointment : |
21.06.1999 |
|
|
DIN No.: |
00084054 |
|
KEY EXECUTIVES
|
Name : |
Kanjmag and Company |
|
Designation : |
Company Secretary |
|
Address : |
1-2, Aishwarya Sankul, Survey No.17, G.A. Kulkarni Path, Opposite Joshi Railway Museum, Kothrud, Pune – 411038, Maharashtra, India |
|
Tel. No: |
91-20-25466265/ 65204591/ 65296055 |
|
Fax. No: |
91-22-25461561 |
|
Website: |
|
|
|
|
|
Name : |
Mr. Sanjay |
|
Designation : |
Account Department |
MAJOR SHAREHOLDERS
As on 31.03.2016
SHAREHOLDERS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2016
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
80.13 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
19.87 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Installation of Industrial Machinery and Equipment. (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 : |
Not Divulged |
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Bankers : |
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Auditors : |
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|
Name : |
GDB and Associates Chartered Accountants |
|
Address : |
Flat No 204, Mahur Apartment, 1826/A, Sadashiv Peth, Pune – 411030, Maharashtra, India |
|
E-Mail : |
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|
Income-tax
PAN of auditor or auditor's firm : |
AALFG8667J |
|
Memberships No: |
145830 |
|
|
|
|
Memberships : |
Not Available |
|
|
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Collaborators : |
Not Available |
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|
Other related parties: |
|
CAPITAL STRUCTURE
As on: 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
800000 |
Equity Shares |
INR 10/- each |
INR 8.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
780679 |
Equity Shares |
INR 10/- each |
INR 7.807
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
7.807 |
7.807 |
7.806 |
|
(b) Reserves & Surplus |
167.633 |
153.722 |
141.403 |
|
(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) |
175.440 |
161.529 |
149.209 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
46.637 |
45.292 |
52.384 |
|
(b) Deferred tax liabilities (Net) |
3.219 |
3.141 |
2.963 |
|
(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) |
49.856 |
48.433 |
55.347 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
14.014 |
14.875 |
13.533 |
|
(c) Other current
liabilities |
1.811 |
2.937 |
9.619 |
|
(d) Short-term
provisions |
7.070 |
4.900 |
3.500 |
|
Total Current
Liabilities (4) |
22.895 |
22.712 |
26.652 |
|
|
|
|
|
|
TOTAL |
248.191 |
232.674 |
231.208 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
41.012 |
42.700 |
44.277 |
|
(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 |
112.403 |
79.426 |
71.342 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
1.609 |
|
(e) Other Non-current
assets |
1.888 |
2.254 |
0.000 |
|
Total Non-Current
Assets |
155.303 |
124.380 |
117.228 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.005 |
3.654 |
0.000 |
|
(b)
Inventories |
17.323 |
28.919 |
38.883 |
|
(c) Trade
receivables |
58.401 |
53.575 |
47.927 |
|
(d) Cash
and cash equivalents |
3.061 |
0.776 |
9.571 |
|
(e)
Short-term loans and advances |
14.098 |
21.370 |
17.599 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
92.888 |
108.294 |
113.980 |
|
|
|
|
|
|
TOTAL |
248.191 |
232.674 |
231.208 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
257.656 |
228.121 |
198.598 |
|
|
Other Income |
7.766 |
7.623 |
3.659 |
|
|
TOTAL |
265.422 |
235.744 |
202.257 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
168.490 |
153.693 |
125.740 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
11.596 |
9.964 |
(0.098) |
|
|
Employees benefits
expense |
33.304 |
33.458 |
35.777 |
|
|
Other expenses |
17.242 |
15.991 |
26.505 |
|
|
TOTAL |
230.632 |
213.106 |
187.924 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
34.790 |
22.638 |
14.333 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
5.903 |
6.754 |
6.434 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
28.887 |
15.884 |
7.899 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
1.975 |
1.986 |
1.997 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
26.912 |
13.898 |
5.902 |
|
|
|
|
|
|
|
Less |
TAX |
7.147 |
0.179 |
0.263 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
19.765 |
13.719 |
5.639 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
0.461 |
0.000 |
1.018 |
|
|
Freight |
1.848 |
0.861 |
0.000 |
|
|
TOTAL EARNINGS |
2.309 |
0.861 |
1.018 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
80.527 |
76.138 |
NA |
|
|
TOTAL IMPORTS |
80.527 |
76.138 |
NA |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(INR) |
25.32 |
17.57 |
7.22 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net Cash Flow From Operating Activities |
30.557 |
10.443 |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
82.73 |
85.72 |
88.08 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.41 |
4.26 |
4.14 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
30.36 |
35.33 |
39.28 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
2.01 |
0.78 |
0.37 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.85 |
0.53 |
0.32 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.28 |
0.29 |
0.34 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.27 |
0.28 |
0.35 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.13 |
0.14 |
0.18 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.23 |
0.26 |
0.30 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
5.89 |
3.35 |
2.23 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
7.67 |
6.01 |
2.84 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
7.96 |
5.90 |
2.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
11.27 |
8.49 |
3.78 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
4.06 |
4.77 |
4.28 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
3.30 |
3.49 |
2.82 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.71 |
0.69 |
0.65 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
5.97 |
5.80 |
6.71 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets
/ Total Current Liabilities) |
4.06 |
4.77 |
4.28 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
7.806 |
7.807 |
7.807 |
|
Reserves & Surplus |
141.403 |
153.722 |
167.633 |
|
Net
worth |
149.209 |
161.529 |
175.440 |
|
|
|
|
|
|
long-term borrowings |
52.384 |
45.292 |
46.637 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
52.384 |
45.292 |
46.637 |
|
Debt/Equity
ratio |
0.351 |
0.280 |
0.266 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
198.598 |
228.121 |
257.656 |
|
|
|
14.866 |
12.947 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
198.598 |
228.121 |
257.656 |
|
Profit |
5.639 |
13.719 |
19.765 |
|
|
2.84% |
6.01% |
7.67% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
No |
|
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% |
-- |
|
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 |
THE STATE OF COMPANY AFFAIRS:
The Company earned a total income of INR 265.422 million as compared to the total income of INR 235.744 million earned during the previous year.
After charging all expenses and taxes, the Company earned a profit of INR 19.765 million during the year as compared to the profit of INR 13.719 million earned during the previous year.
UNSECURED LOAN
(INR
In Million)
|
Particulars |
As
on 31.03.2016 |
As
on 31.03.2015 |
|
LONG TERM
BORROWING |
|
|
|
Loan from Shareholders and Directors |
46.637 |
45.294 |
|
Total |
46.637 |
45.294 |
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
- Free Hold
Land
- Shops at
Ahmedabad
- Premises
- Plant and
Machinery
- Motor Car
- Vehicles
- Bicycle
- Computer
- Telephone
Equipment
- Furniture and
Fixtures
- Office
Equipment
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 64.13 |
|
|
1 |
INR 92.52 |
|
Euro |
1 |
INR 50.59 |
INFORMATION DETAILS
|
Information
Gathered by : |
SLK |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MTN |
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 |
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.