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MIRA INFORM REPORT
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Report No. : |
503527 |
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Report Date : |
14.04.2018 |
IDENTIFICATION DETAILS
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Name : |
KLENZAIDS CONTAMINATION CONTROLS PRIVATE LIMITED |
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Registered
Office : |
A/21-22, M.I.D.C. Industrial Area, Street No.3, Andheri (East), Mumbai – 400093, Maharashtra |
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Tel. No.: |
91-22-61156215 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
01.02.1978 |
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Com. Reg. No.: |
11-020112 |
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Capital
Investment / Paid-up Capital : |
INR 2.826 Million |
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CIN No.: [Company Identification
No.] |
U33112MH1978PTC020112 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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TIN / CST No.: |
27380404132 |
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GSTN : [Goods & Service Tax
Registration No.] |
27AAACK8427G2ZG |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACK8427G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The company is engaged in the manufacturing of clean room equipment, pharmaceutical machinery, accessories. The company delivers regulatory compliant turnkey “design-build" projects. which include clean-room equipment, biological-chemical containment facilities and laboratories, micro environs and laboratories for active ingredients and formulations in the pharmaceutical, life-science, defense, electronics, aerospace, food, healthcare and cosmetic sectors. The company also produces specialized reference-standard benchmark equipment and devices. [Registered Activity] |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1978. It is engaged in manufacturing of clean room equipment, pharmaceutical machinery and accessories. For the financial year 2017, there has been an increase in the revenue by 28.78% as compared to the previous year along with a profit margin of 8.38%. The satisfactory financial profile of the company is marked by adequate net worth base along with strong debt coverage indicators due to low debt balance sheet profile. Rating takes into account the subject’s long established track record of business operations along with extensive experience of its promoters. Payment seems to be usually correct. In view of aforesaid, the company can be considered for
business dealings at usual trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
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Rating |
Long term bank facilities (Suspended) = B+ |
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Rating Explanation |
Risk prone credit quality and carries very high credit risk. |
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Date |
07.09.2016 |
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Rating Agency Name |
CRISIL |
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Rating |
Short-term bank facilities (Suspended) = A4 |
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Rating Explanation |
Minimal degree of safety and very high
credit risk. |
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Date |
07.09.2016 |
Reason for Suspension: Absence of requisite information.
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 14.04.2018
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
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Name : |
Mr. Subramanian |
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Designation : |
Accounts Head |
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Contact No.: |
91-9898298663 |
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Date : |
12.04.2018 |
Management Non-Cooperative (91-22-61156215)
91-22-28377921 – Not Working
LOCATIONS
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Registered Office : |
A/21-22, M.I.D.C. Industrial Area, Street No.3, Andheri (East), Mumbai – 400093, Maharashtra, India |
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Tel. No.: |
91-22-61156215 |
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Fax No.: |
91-22-28377927 |
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E-Mail : |
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Website : |
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Works 1 : |
Plot Nos. 218 and 219, GIDC Industrial Area, Umbergaon, District
Valsad – 396171, Gujarat, India |
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Tel. No.: |
91-260-2562862 / 082 |
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Fax No.: |
91-260-2563082 |
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Works 2 : |
Plot No. 296/4 and 300/1, GIDC Industrial Area, Umbergaon, District
Valsad – 396171, Gujarat, India |
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Tel. No.: |
91-260-256297 / 2562643 |
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Fax No.: |
91-260-256832 / 2563082 |
DIRECTORS
AS ON 31.03.2018
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Name : |
Mr. Hamish Chandru Shahani |
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Designation : |
Managing director |
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Address : |
28, Silver Sands, Juhu Tara Road, Juhu, Santacruz (West), Mumbai - 400049, Maharashtra, India |
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Date of Birth/Age : |
28.06.1968 |
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Date of Appointment : |
01.12.2006 |
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DIN No.: |
01255910 |
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Name : |
Mr. Ramesh Parsram Lala |
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Designation : |
Director |
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Address : |
2, Ojha Niwas, 5, Pushtikar Society, Patel, Estate Road, Jogeshwari (West), Mumbai - 400102, Maharashtra, India |
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Date of Birth/Age : |
21.01.1952 |
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Date of Appointment : |
22.01.1998 |
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DIN No.: |
00270382 |
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Name : |
Mr. Krishnamurthy Harihar Subramanian |
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Designation : |
Director |
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Address : |
D-7, Endeavour, 90 Feet Road, Mulund (East), Mumbai - 400081, Maharashtra, India |
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Date of Birth/Age : |
08.09.1953 |
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Date of Appointment : |
01.12.1983 |
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DIN No.: |
01255960 |
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Name : |
Mr. Sreedhar Anehosur |
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Designation : |
Additional director |
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Address : |
Flat No- B2 Srinivasakripa Apartment, Saibaba Temple Road Thyagarajnagar, Bangalore, 560028, Karnataka, India |
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Date of Appointment : |
08.06.2015 |
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DIN No.: |
07178150 |
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Name : |
Mr. Matthias Muller |
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Designation : |
Additional director |
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Address : |
IM Stockrain 35, 71549, Auenwald, NA, Germany |
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Date of Appointment : |
08.06.2015 |
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DIN No.: |
07187285 |
KEY EXECUTIVES
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Name : |
Mr. Subramanian |
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Designation : |
Accounts Head |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
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Names of Shareholders |
No. of Shares |
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Hamish C Shahani |
470 |
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Hamish Investments Private Limited |
13944 |
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Robert Bosch Investment Nederland, B.V |
13848 |
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Total |
28262 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
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Category |
Percentage |
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Promoters [Individual/Hindu Undivided
Family (Indian)] |
1.66 |
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Public/Other than promoters [Body corporate] |
98.34 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
The company is engaged in the manufacturing of clean room equipment, pharmaceutical machinery, accessories. The company delivers regulatory compliant turnkey “design-build" projects. which include clean-room equipment, biological-chemical containment facilities and laboratories, micro environs and laboratories for active ingredients and formulations in the pharmaceutical, life-science, defense, electronics, aerospace, food, healthcare and cosmetic sectors. The company also produces specialized reference-standard benchmark equipment and devices. [Registered Activity] |
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Products / Services
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Natvarlal Vepari and Company Chartered Accountants |
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Address : |
Oricon House,4th Floor, 12 K. Dubash Marg, Mumbai – 400023,
Maharashtra, India |
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Tel. No.: |
91-22-67527100 |
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Fax No.: |
91-22-67527101 |
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E-Mail : |
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PAN No.: |
AAAFN2322E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Entitle. where control exists: |
· Robert Bosch Investment Nederland B.V [From 08.06.2015] · Hamish Investments Private Limited |
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Subsidiary Company:
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· Klenzaids INC. |
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Enterprises owned
or significantly Influenced by key management personnel or their relatives |
· Vector Systems and Instrumentation Private Limited · Ziebert Engineering Industries Private Limited · Klenzaids Bio-clean Devices Private Limited · Karma Healing and Wellness Private Limited · Brisk Tour and Travels |
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Other related
parties : |
· Robert Bosch GmbH · Robert Bosch Packaging Technology Inc., Germany · Bosch Technology Licencing Administration GmbH, Gerlingan - Germany · HuIllin GmbH · Bosch Packaging Technology Limited UK · Pharmatech GmbH · Bosch Rexorth (India)) Limited · Bosch Limited (Packaging Tech Div) · OOO Robert Bosch, Moscow · Bosch Packaging Technology K K., Tokyo – Japan · Bosch Packaging Technology (Hangzhou) Co. Limited, China · Bosch Packaging Services AG, Beringen, Switzerland · Robert Bosch Packaging Technology GmbH, Waiblingen, Germany · Moeller and Devicon A/S · SBM Schoeller-Bleckmann Medizintechnik GmbH |
CAPITAL STRUCTURE
AS ON 29.09.2017
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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|
30000 |
Equity Shares |
INR 100/- each |
INR 3.000 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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|
28262 |
Equity Shares |
INR 100/- each |
INR 2.826 Million |
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FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
2.826 |
2.826 |
2.826 |
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(b) Reserves & Surplus |
258.881 |
187.914 |
170.388 |
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(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
261.709 |
190.740 |
173.214 |
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(3)
Non-Current Liabilities |
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(a) Long-term borrowings |
15.000 |
15.026 |
16.262 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.186 |
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(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
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(d) Long-term
provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current
Liabilities (3) |
15.000 |
15.026 |
16.448 |
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(4)
Current Liabilities |
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(a) Short
term borrowings |
102.885 |
118.289 |
122.744 |
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(b) Trade
payables |
270.711 |
223.620 |
175.861 |
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(c) Other current
liabilities |
127.692 |
89.435 |
60.647 |
|
(d) Short-term
provisions |
40.482 |
53.522 |
32.957 |
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Total Current
Liabilities (4) |
541.770 |
484.866 |
392.209 |
|
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|
|
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TOTAL |
818.477 |
690.632 |
581.871 |
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II.
ASSETS |
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(1)
Non-current assets |
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(a) Fixed
Assets |
|
|
|
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(i)
Tangible assets |
46.868 |
37.018 |
27.283 |
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(ii)
Intangible Assets |
3.458 |
0.855 |
0.342 |
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(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
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(c) Deferred tax assets (net) |
3.343 |
0.088 |
0.000 |
|
(d)
Long-term Loan and Advances |
25.061 |
26.776 |
24.913 |
|
(e) Other Non-current
assets |
17.397 |
13.154 |
13.966 |
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Total Non-Current
Assets |
96.127 |
77.891 |
66.504 |
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(2)
Current assets |
|
|
|
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(a)
Current investments |
0.000 |
0.000 |
0.000 |
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(b)
Inventories |
230.774 |
138.534 |
121.060 |
|
(c) Trade
receivables |
463.400 |
449.238 |
378.566 |
|
(d) Cash
and cash equivalents |
0.268 |
0.658 |
0.652 |
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(e)
Short-term loans and advances |
27.258 |
24.240 |
14.735 |
|
(f) Other
current assets |
0.650 |
0.071 |
0.354 |
|
Total
Current Assets |
722.350 |
612.741 |
515.367 |
|
|
|
|
|
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TOTAL |
818.477 |
690.632 |
581.871 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
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SALES |
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Income |
847.280 |
657.940 |
501.703 |
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Other Income |
1.595 |
2.254 |
3.363 |
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TOTAL |
848.875 |
660.194 |
505.066 |
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Less |
EXPENSES |
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Cost of Materials Consumed |
392.324 |
290.304 |
213.659 |
|
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|
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Purchase of Stock-in-trade |
0.000 |
4.815 |
4.800 |
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Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(53.715) |
8.243 |
17.316 |
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Employee Benefits Expenses |
213.856 |
137.170 |
110.874 |
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Other Expenses |
156.583 |
125.035 |
86.773 |
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TOTAL |
709.048 |
565.567 |
433.422 |
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PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
139.827 |
94.627 |
71.644 |
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Less |
FINANCIAL
EXPENSES |
16.019 |
19.077 |
18.560 |
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PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
123.808 |
75.550 |
53.084 |
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Less |
DEPRECIATION/
AMORTISATION |
8.344 |
4.944 |
5.878 |
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PROFIT/(LOSS)
BEFORE TAX |
115.464 |
70.606 |
47.206 |
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Less |
TAX |
44.497 |
26.718 |
21.781 |
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PROFIT/(LOSS)
AFTER TAX |
70.967 |
43.888 |
25.425 |
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EARNINGS IN
FOREIGN CURRENCY |
|
|
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||
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|
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FOB Value of exports |
152.874 |
112.961 |
127.167 |
|
|
|
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Installation, Commissioning and Validation Income |
46.547 |
19.013 |
19.742 |
|
|
|
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Commission Income |
26.702 |
11.203 |
0.000 |
|
|
|
TOTAL EARNINGS |
226.123 |
143.177 |
146.909 |
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IMPORTS |
|
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Raw Materials |
37.010 |
18.440 |
14.117 |
|
|
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TOTAL IMPORTS |
37.010 |
18.440 |
14.117 |
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Earnings /
(Loss) Per Share (INR) |
2511.04 |
1552.89 |
899.62 |
||
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.026 |
1.236 |
1.225 |
|
Cash generated from operations |
127.899 |
72.276 |
48.030 |
|
Net cash from operating activities |
81.058 |
41.521 |
18.103 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
199.63 |
249.22 |
275.42 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
1.83 |
1.46 |
1.33 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
251.86 |
276.57 |
293.83 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.61 |
0.68 |
0.59 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
2.78 |
2.50 |
2.59 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.68 |
0.73 |
0.70 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.45 |
0.71 |
0.81 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.07 |
2.54 |
2.26 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.19 |
0.20 |
0.16 |
|
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|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
8.73 |
4.96 |
3.86 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
8.38 |
6.67 |
5.07 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
8.67 |
6.35 |
4.37 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
27.12 |
23.01 |
14.68 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.33 |
1.26 |
1.31 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.91 |
0.98 |
1.01 |
|
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|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.32 |
0.28 |
0.30 |
|
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|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
41.72 |
47.61 |
49.62 |
|
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|
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|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.33 |
1.26 |
1.31 |
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 |
2.826 |
2.826 |
2.826 |
|
Reserves & Surplus |
170.388 |
187.914 |
258.881 |
|
Net
worth |
173.214 |
190.740 |
261.707 |
|
|
|
|
|
|
Long Term borrowings |
16.262 |
15.026 |
15.000 |
|
Short Term borrowings |
122.744 |
118.289 |
102.885 |
|
Current maturities of long term debt |
1.225 |
1.236 |
0.026 |
|
Total
borrowings |
140.231 |
134.551 |
117.911 |
|
Debt/Equity
ratio |
0.810 |
0.705 |
0.451 |
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
|
501.703 |
657.940 |
847.280 |
|
|
|
31.141 |
28.778 |
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
|
501.703 |
657.940 |
847.280 |
|
Profit/(Loss) |
25.425 |
43.888 |
70.967 |
|
|
5.07% |
6.67% |
8.38% |
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 |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
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 |
CORPORATE
INFORMATION
Subject was incorporated on February 01, 1978 as Private Limited Company under the present name. The Company is engaged in the manufacturing of clean room equipment, pharmaceutical machinery, accessories. The Company delivers Regulatory Compliant Turnkey “Design-Build" Projects. These include Clean-room equipment; Biological-Chemical Containment Facilities and Laboratories; Micro environs and Laboratories for Active Ingredients and Formulations in the Pharmaceutical, Life-Science, Defense, Electronics, Aerospace, Food, Healthcare and Cosmetic sectors. The Company also produces specialized reference-standard benchmark equipment and devices, for clients in the above mentioned sectors operating in India and across the World.
REVIEW OF
BUSINESS OPERATIONS
The Company is engaged in the Manufacturing of pharmaceutical Machinery, clean room equipment, pharmaceutical machinery, accessories. The Company delivers Regulatory Compliant Turnkey "Design-Build" Projects. These include Clean-room equipment; Biological-Chemical Containment Facilities and Laboratories; Micro environs and Laboratories for Active Ingredients and Formulations in the Pharmaceutical, Life-Science, Defence, Electronics, Aerospace, Food, Health care and Cosmetic sectors. There has been no change in the business of the Company during the financial year ended 31 March, 2017.
The highlights of the Company's performance are as under:-
· The company generated total revenue of INR 848.875 million.
· Net profit of the Company is INR 70.967 million
· Earnings Per Share (EPS) is INR 2511.04 million for the year 2016-17.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Related Parties - Directors and/ or their relatives |
15.000 |
15.000 |
|
|
|
|
|
Total |
15.000 |
15.000 |
FIXED ASSETS:
· Leasehold land
· Building
· Plant and Machinery
· Office Equipment
· Motor Vehicle
· Computer
· Furniture and Fixture
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 65.35 |
|
|
1 |
INR 92.70 |
|
Euro |
1 |
INR 80.80 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.