|
|
|
MIRA INFORM REPORT
|
Report No. : |
504685 |
|
Report Date : |
20.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
INVENTYS RESEARCH COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
D-514, Kanakia Zillion, BKC Annex, LBS Marg and CST Marg Intersection, Kurla Bus Depot, Kurla (West), Mumbai-400070, Maharashtra |
|
Tel. No.: |
91-22-71400200 |
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|
|
Country : |
India |
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Financials (as
on) : |
31.03.2015 |
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|
Date of
Incorporation : |
14.11.2005 |
|
|
|
|
Com. Reg. No.: |
11-157304 |
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|
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Capital
Investment / Paid-up Capital : |
INR 4.920 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U74210MH2005PTC157304 |
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|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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TIN No.: |
27960524190 |
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|
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PAN No.: [Permanent Account No.] |
AABCI4415K |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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GSTN : [Goods & Service Tax Registration
No.] |
27AABCI4415K1ZL |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of organic chemicals used in agrochemicals, pharma,
dyes, pigments, food colors, chemicals and other applications. (Registered Activity) |
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|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2005 and it is having
satisfactory track. As per Registrar of Companies the date of balance sheet (i.e.
financial filed) shown as 31.03.2017 but the documents related to the
financial for the year 2017 and 2016 are not available from any sources. As per available financial of 2015, the company has slightly decreased
in its revenue from operations as compared to previous year but maintained
decent profit margin of 19.65%. Rating takes into consideration sound financial profile of the company
marked by healthy networth base along negligible debt balance sheet. However, these rating strengths are partially offset by company’s
unavailability of latest financials. Trade relations are reported as fair. Business is active. Payments
terms are reported to be slow but correct. 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.
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
31-03-2018.
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 20.04.2018
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 DECLINED
Management non-cooperative (Tel No.: 91-22-71400200)
LOCATIONS
|
Registered Office : |
D-514, Kanakia Zillion, BKC Annex, LBS Marg and CST Marg Intersection, Kurla Bus Depot, Kurla (West), Mumbai-400070, Maharashtra, India |
|
Tel. No.: |
91-22-71400200 |
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Fax No.: |
91-22-71400299 |
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E-Mail : |
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Website : |
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Factory : |
K-38, Five Star Industrial Area, MIDC, Butibori, Nagpur – 441108, Maharashtra, India |
DIRECTORS
As on 2018
|
Name : |
Mr. Deepak Baburao Birewar |
|
Designation : |
Managing Director |
|
Address : |
93-B, Kalpataru Residency, Kamani Marg, Near Sion Circle, Sion (East),
Mumbai-400022, Maharashtra, India |
|
Date of Birth/Age : |
19.10.1962 |
|
Date of Appointment : |
14.11.2005 |
|
DIN No.: |
00023388 |
|
|
|
|
Name : |
Ms. Neeta Ajit Naik |
|
Designation : |
Director |
|
Address : |
B-63, Kalpataru Residency, Kamani Marg, Near Sion Circle, Sion (East),
Mumbai-400022, Maharashtra, India |
|
Date of Birth/Age : |
02.05.1964 |
|
Date of Appointment : |
14.11.2005 |
|
DIN No.: |
00023446 |
|
|
|
|
Name : |
Ms. Shobana Birewar |
|
Designation : |
Director |
|
Address : |
B-93, Kalpataru Residency Tower, Sion (East), Mumbai-400022,
Maharashtra, India |
|
Date of Birth/Age : |
02.12.1957 |
|
Date of Appointment : |
16.09.2010 |
|
DIN No.: |
03139736 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Birewar Family Trust |
|
3900000 |
|
Shobana Birewar |
|
319020 |
|
Multiorganics Private Limited |
|
271690 |
|
Neeta Ajit Naik |
|
254460 |
|
Abhijeet Birewar |
|
84820 |
|
Alka Birewar |
|
56480 |
|
Umesh Jaganath Kamat |
|
12000 |
|
Manoj Devchand Bhataria |
|
12000 |
|
Shrikant Mukewar |
|
10000 |
|
Total |
|
4920470 |
Equity Share Break up (Percentage of Total Equity)
As on 11.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
93.79 |
|
Promoters (Body corporate) |
5.52 |
|
Promoters (Others - Individual) |
0.69 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of organic chemicals used in agrochemicals, pharma, dyes,
pigments, food colors, chemicals and other applications. (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 (As on 2016): |
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Facilities : |
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Auditors : |
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|
Name : |
S.D. Borkar and Company Chartered Accountants |
|
Address : |
Shubham Karoti, 18, Kala Nagar, Ground Floor, Bandra (East),
Mumbai-400051, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AACPB9315M |
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Memberships : |
-- |
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Collaborators : |
-- |
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Subsidiary Company (As on 2017) : |
Inventys Advance Machines Private Limited CIN No.: U73100MH2012PTC229676 |
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Associated Company(As on 31.03.2015) : |
Econets Private Limited |
CAPITAL STRUCTURE
As on 11.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 1/- each |
INR 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4920470 |
Equity Shares |
INR 1/- each |
INR 4.920
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
4.920 |
4.920 |
4.920 |
|
(b) Reserves & Surplus |
634.867 |
566.777 |
458.275 |
|
(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) |
639.787 |
571.697 |
463.195 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
31.004 |
44.445 |
9.573 |
|
(b) Deferred tax liabilities
(Net) |
28.066 |
10.972 |
7.883 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
2.106 |
1.261 |
0.268 |
|
Total
Non-current Liabilities (3) |
61.176 |
56.678 |
17.724 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
3.919 |
46.337 |
|
(b) Trade payables |
23.727 |
38.320 |
61.514 |
|
(c) Other current liabilities |
157.669 |
109.669 |
123.113 |
|
(d) Short-term provisions |
1.521 |
3.079 |
11.567 |
|
Total
Current Liabilities (4) |
182.917 |
154.987 |
242.531 |
|
|
|
|
|
|
TOTAL |
883.880 |
783.362 |
723.450 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
117.700 |
113.569 |
127.093 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
53.039 |
20.414 |
9.707 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
132.860 |
3.619 |
0.099 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
99.863 |
26.037 |
27.239 |
|
(e) Other Non-current assets |
4.718 |
0.000 |
0.530 |
|
Total
Non-Current Assets |
408.180 |
163.639 |
164.668 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
82.538 |
192.633 |
76.841 |
|
(b) Inventories |
7.378 |
39.826 |
74.814 |
|
(c) Trade receivables |
143.040 |
188.066 |
178.385 |
|
(d) Cash and cash equivalents |
170.907 |
134.305 |
176.458 |
|
(e) Short-term loans and
advances |
71.837 |
64.893 |
52.284 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
475.700 |
619.723 |
558.782 |
|
|
|
|
|
|
TOTAL |
883.880 |
783.362 |
723.450 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
639.997 |
769.683 |
702.334 |
|
|
Other Income |
28.239 |
7.594 |
13.570 |
|
|
TOTAL
|
668.236 |
777.277 |
715.904 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
203.201 |
247.018 |
253.975 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
12.517 |
46.422 |
102.198 |
|
|
Employees benefits expense |
79.951 |
74.413 |
0.000 |
|
|
Other expenses |
187.186 |
228.315 |
178.917 |
|
|
TOTAL |
482.855 |
596.168 |
535.090 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
185.381 |
181.109 |
180.814 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
7.754 |
16.173 |
10.202 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
177.627 |
164.936 |
170.612 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
28.264 |
30.319 |
31.428 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
149.363 |
134.617 |
139.184 |
|
|
|
|
|
|
|
Less |
TAX |
23.629 |
26.115 |
42.459 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
125.734 |
108.502 |
96.725 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
25.55 |
22.05 |
40.20 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
13.256 |
15.907 |
26.277 |
|
Cash generated from operations |
NA |
181.557 |
136.699 |
|
Net cash flows generated from operating activities |
NA |
181.552 |
82.765 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
81.58 |
89.18 |
92.71 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.47 |
4.09 |
3.94 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
42.62 |
56.62 |
88.40 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
25.13 |
4.55 |
2.42 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.09 |
1.35 |
1.32 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.26 |
0.27 |
0.38 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.07 |
0.11 |
0.18 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.29 |
0.27 |
0.52 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.27 |
0.23 |
0.30 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
23.91 |
11.20 |
17.72 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin [(PAT / Sales) * 100] |
% |
19.65 |
14.10 |
13.77 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
14.23 |
13.85 |
13.37 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
19.65 |
18.98 |
20.88 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.60 |
4.00 |
2.30 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
2.56 |
3.74 |
2.00 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.72 |
0.73 |
0.64 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
9.00 |
13.06 |
16.70 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.60 |
4.00 |
2.30 |
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 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
4.920 |
4.920 |
4.920 |
|
Reserves & Surplus |
458.275 |
566.777 |
634.867 |
|
Net
worth |
463.195 |
571.697 |
639.787 |
|
|
|
|
|
|
long-term borrowings |
9.573 |
44.445 |
31.004 |
|
Short term borrowings |
46.337 |
3.919 |
0.000 |
|
Current maturities of
long-term debts |
26.277 |
15.907 |
13.256 |
|
Total
borrowings |
82.187 |
64.271 |
44.260 |
|
Debt/Equity
ratio |
0.177 |
0.112 |
0.069 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
702.334 |
769.683 |
639.997 |
|
|
|
9.589 |
(16.849) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
702.334 |
769.683 |
639.997 |
|
Profit |
96.725 |
108.502 |
125.734 |
|
|
13.77% |
14.10% |
19.65% |
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 |
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 |
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 |
BACKGROUND (As on
31.03.2014)
The Company is engaged in manufacturing of organic chemicals used in agrochemicals, pharma, dyes, pigments, food colors, chemicals and other applications. The Company was incorporated on 14 November 2005.
AMALGAMATION (As on
31.03.2014)
The Company treats an amalgamation in the nature of merger if it satisfies all the following criteria:
All the assets and liabilities of the transferor company become, after amalgamation, the assets and liabilities of the transferee company. Shareholders holding not less than 90% of the face value of the equity shares of the transferor company (other than the equity shares already held therein, immediately before the amalgamation, by the transferee company or its subsidiaries or their nominees) become equity shareholders of the transferee company.
The consideration for amalgamation receivable by those equity shareholders of the transferor company who agree to become shareholders of the transferee company is discharged by the transferee company wholly by the issue of equity shares, except that cash may be paid in respect of any fractional shares.
INDEX
OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G38095741 |
100087860 |
HDFC BANK LIMITED |
29/12/2016 |
- |
- |
110000000.0 |
HDFC Bank House, Senapati Bapat Marg, Lower Parel WestMumbaiMH400013IN |
|
2 |
C60996899 |
10584463 |
Axis Bank Limited |
06/08/2015 |
- |
- |
438000000.0 |
Axis Bank Ltd, SME Department,3rd Floor, Corporate Sion Trombay Road, Near Swastik Chambers, ChemburMUMBAIMH400071IN |
|
3 |
C53119608 |
10568325 |
HDFC BANK LIMITED |
23/04/2015 |
- |
- |
120000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARG LOWER PAREL W MUMBAI MH 400013 IN |
|
4 |
C53119244 |
10568324 |
HDFC BANK LIMITED |
21/04/2015 |
- |
- |
145000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARG LOWER PAREL WMUMBAI MH 400013 IN |
|
5 |
C46513644 |
10556799 |
Axis Bank Limited |
29/01/2015 |
- |
- |
293000000.0 |
Corporate Banking branch, Ground Floor, Axis House Bombay Dyeing Mills Compound, P.B. Marg, Worli, Mumbai MH 400025 IN |
|
6 |
C53025185 |
10235917 |
STATE BANK OF INDIA |
30/06/2010 |
28/03/2013 |
06/05/2015 |
315900000.0 |
STERLING CENTER BRANCH, GROUND FLOOR,STERLING CENTER, DR. ANNIE BESANT MARG, WORLI, MUMBAI MH 400018 IN |
|
7 |
C53374260 |
10235924 |
STATE BANK OF INDIA |
14/07/2010 |
28/03/2013 |
06/05/2015 |
315900000.0 |
STERLING CENTER BRANCH, GROUND FLOOR,STERLING CENTER, DR. ANNIE BESANT MARG, WORLI, MUMBAI MH 400018 IN |
|
8 |
B22595573 |
10117042 |
BANK OF MAHARASHTRA |
13/12/2007 |
19/11/2008 |
16/09/2011 |
172800000.0 |
R.B.MEHTA MARG,GHATKOPAR (EAST) MUMBAI MH 400077 IN |
FIXED ASSETS
· Leasehold Land
· Factory Building
· Plant and Machinery
· Laboratory Equipments
· Electrical Equipments
· Computers
· Furniture and Fixture
· Office Equipment
· Vehicle
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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 65.45 |
|
UK Pound |
1 |
INR 93.28 |
|
Euro |
1 |
INR 80.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
JYTK |
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.