|
|
|
MIRA INFORM REPORT
|
Report No. : |
503551 |
|
Report Date : |
13.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
SWAN ENVIRONMENTAL PRIVATE LIMITED (w.e.f. 15.05.1992) |
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|
|
|
Formerly Known
As : |
ORBIT ELECTRONICS AND CONTROLS PRIVATE LIMITED |
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Registered
Office : |
Plot No. 922 and 935, Swami Ayyappa Co-Operative Society, Madhapur,
Hyderabad – 500081, Telangana |
|
Tel. No.: |
91-40-40216184 / 85 |
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|
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|
Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
19.05.1988 |
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|
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Com. Reg. No.: |
36-008656 |
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Capital
Investment / Paid-up Capital : |
INR 40.036 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U92110TG1988PTC008656 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0991002997 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCS4126R |
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|
|
|
GSTN : [Goods & Service Tax Registration
No.] |
36AADCS4126R1ZW |
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Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
Subject is engaged in the business of Trading and Service of
Industrial Pollution Monitoring Equipments. (Registered Activity) |
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|
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No. of Employees
: |
120 (Approximately) (From Indirect Source ) |
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 336000 |
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|
|
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Swan Environmental Private Limited was incorporated in the year 1988. The company is engaged in the business of trading and providing service of industrial pollution monitoring equipment. The subject’s clients include- Reliance Industries Limited, Indian Oil, Ranbaxy, Nestle, Tata Motors, SAIL, Aditya Birla Group, Ambuja Cement Limited, Bharat Petroleum, ONGC, etc. The company has made several global partners such as Shimadzu, Met One Instruments, Horiba, 3M – Quest, Gastec, etc. to provide world class products to its customers. Management has not filed its financial record with government department for the year 2017 and same are not available from any other sources. As per the financial of 2016, has achieved a decent growth of 44.52% in its revenue as compared to the previous year’s revenue and has gained an average net profit margin of 2.44%. The company possesses satisfactory financial position marked by adequate net worth base along with strong debt coverage indicator due to low debt balance sheet profile. These rating strengths are partially offset by large working capital, susceptibility to fluctuations in foreign exchange rates and absence of latest financial records. As per the indirect sources we found that, the subject has achieved sales turnover of INR 347.000 million for the financial year 2017 along with Profit After Tax (PAT) of INR 10.000 million. It has earned average profitability margin of 2.5%. The company has approximately 120 employees. Business is active. Payment seems to be slow but correct. In view of aforesaid, the company 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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Loans=BB |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
27.02.2018 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Loans=A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
27.02.2018 |
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 13.04.2018
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
MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-40-40216184/ 85)
LOCATIONS
|
Registered Office / Head Office : |
Plot No. 922 and 935, Swami Ayyappa Co-Operative Society, Madhapur, Hyderabad
– 500081, Telangana, India |
|
Tel. No.: |
91-40-40216184 / 85 |
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Fax No.: |
91-40-40216183 |
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E-Mail : |
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Website : |
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Branch Offices : |
Located at:
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Regional Offices : |
Located at:
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Service Centers : |
Located at:
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DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Vijay Kumar Chadalavada |
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Designation : |
Managing Director |
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|
Address : |
Plot No 922 and 935, Swamy Ayyappa Soceity, Madhapur, Hyderabad - 500081, Telangana, India |
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Date of Birth/Age : |
08.02.1964 |
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Date of Appointment : |
16.08.1993 |
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DIN No.: |
00035192 |
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Other Directorship:
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Name : |
Ms. Geeta Chadalavada |
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Designation : |
Whole-Time Director |
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|
Address : |
Plot No. 935, Swamy Ayyappa Soceity, Madhapur, Hyderabad, 500081 - Telangana, India |
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Date of Birth/Age : |
29.05.1969 |
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Date of Appointment : |
01.04.2013 |
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DIN No.: |
00010740 |
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Other Directorship:
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Name : |
Ms. Yasoda Chadalavada |
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Designation : |
Whole-Time Director |
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Address : |
Flat No. 202 and 203, Sri Apartments, Kamalapuri Colony, Hyderabad - 500873, Telangana, India |
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Date of Appointment : |
08.05.1996 |
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DIN No.: |
00010826 |
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||||||||||||||||||||||||||||||||||||
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Name : |
Koneru Rao Jaganmohan |
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Designation : |
Director |
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Address : |
64-5-20, Patamatalanka, Prasanthinilayam, Vijayawada - 520010, Telangana, India |
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Date of Birth/Age : |
09.11.1942 |
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Date of Appointment : |
08.05.1996 |
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DIN No.: |
00037860 |
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Other Directorship:
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Chadalavada Vijay Kumar |
|
1342400 |
|
Chadalavada Geeta |
|
1812800 |
|
Chadalavada Yasoda |
|
94000 |
|
V D Gurunadh |
|
198800 |
|
Vagdevi Vhadalavada |
|
120000 |
|
Chadalavada Vijay Kumar – HUF |
|
75600 |
|
Tejaswi Chadalavada |
|
360000 |
|
Total |
|
4003600 |
Equity Share Break up (Percentage of Total Equity)
As on 23.09.2016
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family- Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Trading and Service of
Industrial Pollution Monitoring Equipments. (Registered Activity) |
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Products : |
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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 : (As per Indirect Source) |
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No. of Employees : |
120 (Approximately) (From Indirect Source ) |
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Bankers : (As on 2016) |
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Facilities : |
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Auditors : |
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Name : |
Umamaheswara Rao and Company Chartered Accountants |
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Address : |
Flat No. 5-H, D Block, 8-3-324, Krishna Apartments, Yellareddyguda
Lane, Ameerpet, Hyderabad – 500073, Telanagana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFU4353L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary Company : (As on 31.03.2016) |
Startech Labs Private Limited (CIN No.: U24114TG2001PTC037760) |
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Enterprises over which KMP having significant : (As on 31.03.2016) |
|
CAPITAL STRUCTURE
As on 23.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4500000 |
Equity Shares |
INR 10/- each |
INR 45.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4003600 |
Equity Shares |
INR 10/- each |
INR 40.036
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
40.036 |
10.009 |
10.009 |
|
(b) Reserves &
Surplus |
77.573 |
87.660 |
75.812 |
|
(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) |
117.609 |
97.669 |
85.821 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
22.816 |
15.613 |
5.526 |
|
(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) |
22.816 |
15.613 |
5.526 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
30.392 |
47.332 |
47.206 |
|
(b) Trade payables |
75.208 |
94.562 |
56.902 |
|
(c) Other current
liabilities |
45.476 |
35.861 |
15.668 |
|
(d) Short-term provisions |
19.961 |
15.276 |
15.692 |
|
Total Current Liabilities
(4) |
171.037 |
193.031 |
135.468 |
|
|
|
|
|
|
TOTAL |
311.462 |
306.313 |
226.815 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
32.185 |
35.698 |
37.659 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
10.521 |
|
(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 |
9.841 |
10.521 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
(1.759) |
|
(d) Long-term Loan and Advances |
13.313 |
14.658 |
9.250 |
|
(e) Other Non-current
assets |
1.885 |
2.052 |
0.000 |
|
Total Non-Current Assets |
57.224 |
62.929 |
55.671 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
27.951 |
33.592 |
42.518 |
|
(c) Trade receivables |
184.670 |
184.057 |
105.775 |
|
(d) Cash and cash
equivalents |
25.047 |
16.148 |
13.072 |
|
(e) Short-term loans and
advances |
7.989 |
6.405 |
3.991 |
|
(f) Other current assets |
8.581 |
3.182 |
5.788 |
|
Total Current Assets |
254.238 |
243.384 |
171.144 |
|
|
|
|
|
|
TOTAL |
311.462 |
306.313 |
226.815 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
818.612 |
566.441 |
420.981 |
|
|
Other Income |
1.625 |
0.606 |
2.826 |
|
|
TOTAL |
820.237 |
567.047 |
423.807 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases |
574.860 |
366.654 |
271.395 |
|
|
Changes in inventory |
5.640 |
8.926 |
(10.186) |
|
|
Employees benefits
expense |
73.117 |
53.706 |
49.551 |
|
|
Other expenses |
114.131 |
89.743 |
73.437 |
|
|
TOTAL |
767.748 |
519.029 |
384.197 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
52.489 |
48.018 |
39.610 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
16.933 |
13.164 |
10.345 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
35.556 |
34.854 |
29.265 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
4.309 |
7.649 |
4.631 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
31.247 |
27.205 |
24.634 |
|
|
|
|
|
|
|
Less |
TAX |
11.307 |
6.096 |
7.983 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
19.940 |
21.109 |
16.651 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
4.98 |
210.90 |
166.36 |
|
Particulars |
|
|
31.03.2017 |
|
Revenue |
|
|
347.000 |
|
|
|
|
|
|
Profit After Tax |
|
|
10.000 |
The above information has been taken from indirect source .i.e. “CRISIL”
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 |
48.600 |
34.410 |
16.263 |
|
Net cash flow from operating activity |
34.419 |
26.574 |
6.305 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
82.34 |
118.60 |
91.71 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
4.43 |
3.08 |
3.98 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
47.75 |
94.14 |
76.53 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.88 |
1.43 |
0.93 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.63 |
1.35 |
0.82 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.62 |
0.68 |
0.62 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.45 |
0.64 |
0.61 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.45 |
1.98 |
1.58 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.27 |
0.37 |
0.56 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.10 |
3.65 |
3.83 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
2.44 |
3.73 |
3.96 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
6.40 |
6.89 |
7.34 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
16.95 |
21.61 |
19.40 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.49 |
1.26 |
1.26 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.32 |
1.09 |
0.95 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.38 |
0.32 |
0.38 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.33 |
6.29 |
5.27 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.49 |
1.26 |
1.26 |
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 |
10.009 |
10.009 |
40.036 |
|
Reserves & Surplus |
75.812 |
87.660 |
77.573 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
85.821 |
97.669 |
117.609 |
|
|
|
|
|
|
long-term borrowings |
5.526 |
15.613 |
22.816 |
|
Short term borrowings |
47.206 |
47.332 |
30.392 |
|
Total borrowings |
52.732 |
62.945 |
53.208 |
|
Debt/Equity ratio |
0.614 |
0.644 |
0.452 |
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 |
420.981 |
566.441 |
818.612 |
|
|
|
34.553 |
44.518 |
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 |
420.981 |
566.441 |
818.612 |
|
Profit |
16.651 |
21.109 |
19.940 |
|
|
3.96% |
3.73% |
2.44% |
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 |
No |
|
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 |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last four 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 |
NOTE: The registered office of the company has been shifted from 3rd Floor, SRM Chambers, H. No.1-58/7, Opposite ST.ANN’ Jr College, Madinaguda, Serilingampaly, Hyderabad – 500050, Telangana India to the present address w.e.f. 01.12.2008
NATURE OF THE
BUSINESS (As on 31.03.2016)
The company was incorporated on May 19, 1988 and the company is involved
in the business of Trading and Service of Industrial Pollution Monitoring
Equipments
UNSECURED LOAN
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans from Others |
5.955 |
7.410 |
|
Short-term
borrowings |
|
|
|
Loans and advances from related parties |
0.000 |
5.531 |
|
|
|
|
|
Total |
5.955 |
12.941 |
INDEX
OF CHARGES
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G03691615 |
90116306 |
State Bank of India |
28/08/2003 |
11/04/2016 |
- |
268900000.0 |
Balanagar SME Branch Balanagar Hyderabad TELANGANA 500037 INDIA |
|
2 |
G03653532 |
10073522 |
State Bank of India |
17/10/2007 |
- |
16/05/2016 |
22000000.0 |
Balanagar SME Branch Balanagar Hyderabad TELANGANA 500037 INDIA |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
Bank Guarantees |
74.984 |
63.264 |
FIXED ASSETS
·
Building
·
Furniture and Fixture
·
Office Equipment
·
Vehicles
·
Computers
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 65.34 |
|
|
1 |
INR 92.70 |
|
Euro |
1 |
INR 80.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
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.