|
|
|
MIRA INFORM REPORT
|
Report No. : |
503201 |
|
Report Date : |
12.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
SIGMA CHEMTRADE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Sigma House, 170/22, R.N.T Marg, Film Colony, Indore-452001, Madhya
Pradesh |
|
Tel. No.: |
91-731-2529911 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
06.08.2007 |
|
|
|
|
Com. Reg. No.: |
10-019722 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 21.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24119MP2007PTC019722 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
1107002893 |
|
|
|
|
GSTN : [Goods & Service Tax Registration
No.] |
23AALCS0614E1ZT |
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|
|
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TIN No: |
23421004121 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AALCS0614E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is is engaged in the business
wholesalers (Trading) of Chemicals and chemical products and distribution
thereof on consignment.
(Registered Activity) |
|
|
|
|
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 |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
Maximum Credit Limit : |
USD 156000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 2007. It is engaged in importing,
marketing and distribution of industrial chemical and polymers. For the financial year 2017, the company has claimed that the company
has achieved revenue growth of 19.74% as compared to the previous year but
has reported a low profit margin of 0.71%. The satisfactory financial risk profile of the company is marked by
adequate networth base along with negligible debt balance sheet profile. Payment seems to be slow but 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.
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 |
ICRA |
|
Rating |
Long term Borrowing (Issuer Not Cooperating) (BB) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
29.06.2017 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term Borrowing (Issuer Not Cooperating) (A4+) |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
29.06.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
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 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. Narendra Jain |
|
Designation : |
Account Debarment |
|
Contact No.: |
91-731-2529911 |
|
Date : |
11.04.2018 |
LOCATIONS
|
Registered/Head Office : |
Sigma House, 170/22, R.N.T Marg, Film Colony, Indore-452001, Madhya Pradesh,
India |
|
Tel. No.: |
91-731-2529911-15 |
|
Fax No.: |
91-731-2529901 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office 1 : |
Shop No. 3, 547/4 (3), Opposite Gayatri Mandir, Shivani Complex, Amli, Silvassa, Dadra and Nagar Haveli, (U.T.), India |
|
|
|
|
Branch Office 2: |
B-403/404, Remi Biz Court, Shah Industrial Estate, Off Veera Desai Road, Andheri (West), Mumbai-400053, Maharashtra, India |
|
Tel. No.: |
91-22-26741001 |
|
E-Mail : |
|
|
|
|
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Branch Office 3: |
Phulwani Complex, Survey No.70/4, Shop No.5, Ringanwala,
Daman (U.T.), India |
|
E-Mail : |
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|
|
|
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Branch Office 4: |
Plot No.17-A, Sector – I, SEZ Pithampur, District Dhar-454775, Madhya Pradesh, India |
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|
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Branch Office 5: |
Plot No.217/B, Opposite Vapi Care Pharma, Near Morarji Circle, GIDC, Vapi, Gujarat, India |
|
Tel. No.: |
91-260-2455169/ 3292511 |
|
|
|
|
Branch Office 6: |
404, Rajiv Gandhi Complex, Kacheri Chowk, Raipur, Chhattisgarh, India |
|
Tel. No.: |
91-771-4243000 |
|
E-Mail : |
|
|
|
|
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Branch Office 7: |
Jain Chemicals, G-12, Vinayak Complex, Station Road, Near Polo Victory, Jaipur, Rajasthan, India |
|
E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Sanjay Goyal |
|
Designation : |
Director |
|
Address : |
Sigma House, 170/22, R.N.T Marg, Film Colony, Indore - 452001, Madhya
Pradesh, India |
|
Date of Birth/Age : |
04.01.1967 |
|
Qualification: |
M.E. |
|
PAN No: |
ABQPG0623E |
|
Date of Appointment : |
07.08.2010 |
|
DIN No.: |
03180562 |
|
|
|
|
Name : |
Mr. Rajesh Bansal |
|
Designation : |
Director |
|
Address : |
45, Janki Nagar Anex, Indore-452007, Madhya Pradesh, India |
|
Date of Birth/Age : |
22.08.1967 |
|
Qualification: |
B.Com, LL.B. |
|
PAN No: |
ACFPB5099P |
|
Date of Appointment : |
12.02.2011 |
|
DIN No.: |
03420528 |
KEY EXECUTIVES
|
Name : |
Mrs. Rupali Sharma |
|
Designation : |
Practicing Company Secretary |
|
Address : |
218-219, Starlit Tower, 29, Y.N. Road, Indore, Madhya Pradesh, India |
|
Tel. No: |
91-731-2432463/ 4278756 |
|
Email: |
|
|
|
|
|
Name : |
Mr. Narendra Jain |
|
Designation : |
Account Debarment |
MAJOR SHAREHOLDERS
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Vijay Goyal |
700000 |
33.33 |
|
Sanjay Goyal |
713440 |
33.97 |
|
Nina Goyal |
686560 |
32.70 |
|
Total |
2100000 |
100.00 |
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
: |
Subject is is engaged in the business
wholesalers (Trading) of Chemicals and chemical products and distribution
thereof on consignment.
(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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Facilities : |
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Auditors : |
|
|
Name : |
Kailash C Agrawal and Company Chartered Accountants |
|
Address : |
401, Chetak Centre, 12/2, RNT Marg, Indore, Madhya Pradesh, India |
|
Tel. No.: |
91-731-2519777/ 2520777 |
|
Income-tax
PAN of auditor or auditor's firm : |
ABRPA2326H |
|
|
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|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
|
|
Associate Enterprises : |
|
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2100000 |
Equity Shares |
INR 10/- each |
INR 21.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2100000 |
Equity Shares |
INR 10/- each |
INR 21.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
21.000 |
7.500 |
7.500 |
|
(b) Reserves & Surplus |
33.916 |
39.641 |
31.354 |
|
(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) |
54.916 |
47.141 |
38.854 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
25.619 |
24.029 |
23.718 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
25.619 |
24.029 |
23.718 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
12.779 |
5.196 |
6.412 |
|
(b) Trade
payables |
120.479 |
162.084 |
130.229 |
|
(c) Other current
liabilities |
2.944 |
2.146 |
6.233 |
|
(d) Short-term
provisions |
4.265 |
2.184 |
1.857 |
|
Total Current
Liabilities (4) |
140.467 |
171.610 |
144.731 |
|
|
|
|
|
|
TOTAL |
221.002 |
242.780 |
207.303 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
18.340 |
17.435 |
18.697 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.505 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.074 |
0.071 |
0.037 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
18.414 |
18.011 |
18.734 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
102.825 |
104.007 |
49.287 |
|
(c) Trade
receivables |
78.917 |
92.457 |
92.313 |
|
(d) Cash
and cash equivalents |
13.419 |
22.553 |
42.255 |
|
(e)
Short-term loans and advances |
7.427 |
5.752 |
4.714 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
202.588 |
224.769 |
188.569 |
|
|
|
|
|
|
TOTAL |
221.002 |
242.780 |
207.303 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1091.391 |
911.496 |
692.454 |
|
|
Other Income |
0.000 |
0.000 |
0.037 |
|
|
TOTAL |
1091.391 |
911.496 |
692.491 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
1051.811 |
936.928 |
698.993 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
1.182 |
(54.719) |
(32.827) |
|
|
Employees benefits
expense |
8.616 |
6.077 |
4.118 |
|
|
Other expenses |
9.738 |
6.308 |
4.895 |
|
|
TOTAL |
1071.347 |
894.594 |
675.179 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
20.044 |
16.902 |
17.312 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
6.341 |
5.155 |
6.211 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
13.703 |
11.747 |
11.101 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
1.555 |
1.386 |
1.706 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
12.148 |
10.361 |
9.395 |
|
|
|
|
|
|
|
Less |
TAX |
4.373 |
2.074 |
1.570 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
7.775 |
8.287 |
7.825 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
0.146 |
3.348 |
NA |
|
|
TOTAL EARNINGS |
0.146 |
3.348 |
NA |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
840.984 |
725.140 |
NA |
|
|
TOTAL IMPORTS |
840.984 |
725.140 |
NA |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
7.850 |
11.050 |
12.950 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(8.657) |
(19.296) |
7.722 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(7.178) |
(19.074) |
7.722 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
26.39 |
37.02 |
48.66 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
13.83 |
9.86 |
7.50 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
41.81 |
63.14 |
68.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.19 |
0.16 |
0.35 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.09 |
0.94 |
0.93 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.75 |
0.81 |
0.81 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.70 |
0.62 |
0.78 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.56 |
3.64 |
3.72 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.33 |
0.38 |
0.48 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
3.16 |
3.28 |
2.79 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.71 |
0.91 |
1.13 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
3.52 |
3.41 |
3.77 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
14.16 |
17.58 |
20.14 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.44 |
1.31 |
1.30 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.71 |
0.70 |
0.96 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.25 |
0.19 |
0.19 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1.83 |
3.90 |
4.02 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.44 |
1.31 |
1.30 |
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 |
7.500 |
7.500 |
21.000 |
|
Reserves & Surplus |
31.354 |
39.641 |
33.916 |
|
Net
worth |
38.854 |
47.141 |
54.916 |
|
|
|
|
|
|
long-term borrowings |
23.718 |
24.029 |
25.619 |
|
Short term borrowings |
6.412 |
5.196 |
12.779 |
|
Total
borrowings |
30.130 |
29.225 |
38.398 |
|
Debt/Equity
ratio |
0.775 |
0.620 |
0.699 |
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 |
692.454 |
911.496 |
1091.391 |
|
|
|
31.633 |
19.736 |
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 |
692.454 |
911.496 |
1091.391 |
|
Profit /(Loss) |
7.825 |
8.287 |
7.775 |
|
|
1.13% |
0.91% |
0.71% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last two/ three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OPERATIONS:
The Company has reported total receipt and revenue from operations INR 1091.391 Million for the current year as compared to INR 911.496 million in the previous year. The Net Profit for the year under review amounted to INR 7.775 million in the current year as compared to the INR 8.287 million in the previous year. The company has been engaged in import, marketing and distribution of industrial chemicals and polymers and focused on bulk and high seas sales of imported polymers and chemicals to various industries of variety of size. The company is also working as indenting and DCA/CS supplies manufactured by renowned Indian companies.
There is no change in the nature of business of the company during the year.
CORPORATE INFORMATION
The Company is engaged in the business wholesalers (Trading) of Chemicals and chemical products and distribution thereof on consignment basis.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Deposits from directors |
1.889 |
9.456 |
|
Deposits from shareholders |
22.281 |
14.573 |
|
Total |
24.170 |
24.029 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G40799025 |
100089309 |
State Bank of India |
01/03/2017 |
- |
- |
1450000.0 |
Abhay Prashal Building, Race Course Road,Near IDA Building, , Khel Prashal,INDOREMP452001IN |
|
2 |
G47971924 |
10104524 |
State Bank of India |
17/04/2008 |
20/05/2017 |
- |
179600000.0 |
SME Khel Prashal BranchRACE COURSE ROADINDOREMP452003IN |
FIXED ASSETS
- Land
- Air Conditioner
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
- Office equipment
- Vehicle
- Computer Accessories
- Computer
Software
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 64.13 |
|
|
1 |
INR 92.52 |
|
Euro |
1 |
INR 79.59 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
PYK |
|
|
|
|
Report Prepared
by : |
MTN |
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.