|
|
|
MIRA INFORM REPORT
|
Report No. : |
504675 |
|
Report Date : |
20.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
THE ANITA DONGRE FOUNDATION |
|
|
|
|
Registered
Office : |
20/C, Pali Village Opposite Saisa Club, Off 16th Road, Bandra West,
Mumbai - 400050, Maharashtra |
|
Tel. No.: |
91-22-61907100 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
23.11.2015 |
|
|
|
|
Com. Reg. No.: |
11-270392 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 0.001 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74120MH2015NPL270392 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCT6057N |
|
|
|
|
Legal Form : |
Foundation |
|
|
|
|
Line of Business
: |
The primary focus of the company is to promote, encourage,
enhance, create awareness, guide, develop, maintain, manage activities,
projects, programs, relating to education, sports, gender equality, women
empowerment, employment opportunities, vocation skills, eradicating hunger,
poverty, reducing child mortality, improving health care, combating diseases,
environmental sustainability, animal welfare, social business project,
creating opportunities for better livelihoods of individuals and society
engaged in the various Artistic Work, Crafts and Work for the Betterment of
Villagers.
[Registered Activity] |
|
|
|
|
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 : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
The Anita Dongre Foundation is a not for profit company, incorporated in the year 2015. The company is wholly owned subsidiary of “House of Anita Dongre limited”. It is an implementing agency carry out corporate social responsibility (CSR) activities as per CSR policy adopted by House of “Anita Dongre Limited”. The primary focus of the company is promote, encourage, create awareness and guide including women empowerment, welfare, social business projects, creating opportunities for better livelihood of individuals and society engaged in the various artistic works, crafts and works for betterment of villagers. For the financial year 2017, the company has shown revenue from operations in terms of receiving donation and against of that reported losses. General financial position of the foundation seems to moderate and having low liquidity position. However, as per indirect sources we could find that, foundation has launched garment production unit under its livelihood project in Palghar near Mumbai, India. The unit has been set up in the tribal area of the state in order to empower women living there. Anita Dongre is one of the most successful fashion designers on the Indian fashion landscape who owns the fashion company which undertakes CSR activities to do overall good to the community, with special emphasis on activities for the benefit of the poor and needy sections of the society. Payments are slow. The company can be considered for business dealings with some caution. |
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
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 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.: 91-22-61907100]
LOCATIONS
|
Registered Office : |
20/C, Pali Village Opposite Saisa Club, Off 16th Road, Bandra (West),
Mumbai - 400050, Maharashtra, India |
|
Tel. No.: |
91-22-61907100 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website: |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Mukesh Kishinchand Sawlani |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
G-1, Emly Apts., 7th Floor, 15th Road., Khar West, Mumbai - 400052, Maharashtra, India |
||||||||||||||||||||
|
|
06.08.1970 |
||||||||||||||||||||
|
Date of Appointment : |
23.11.2015 |
||||||||||||||||||||
|
DIN No.: |
00980418 |
||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mrs. Anita Pravin Dongre |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
203, Ocean View, Union Park, Khar West, Mumbai - 400052, Maharashtra, India |
||||||||||||||||||||
|
|
03.03.1963 |
||||||||||||||||||||
|
Date of Appointment : |
23.11.2015 |
||||||||||||||||||||
|
DIN No.: |
00980491 |
||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Anita Pravin Dongre |
|
1 |
|
Mukesh Kishinchand Sawlani |
|
1 |
|
House of Anita Dongre Limited, India |
|
98 |
|
Total |
|
100 |
AS ON: 23.08.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Individual/Hindu Undivided Family - Indian) |
2.00 |
|
Promoters (Body corporate) |
98.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The primary focus of the company is to promote, encourage,
enhance, create awareness, guide, develop, maintain, manage activities, projects,
programs, relating to education, sports, gender equality, women empowerment,
employment opportunities, vocation skills, eradicating hunger, poverty,
reducing child mortality, improving health care, combating diseases,
environmental sustainability, animal welfare, social business project,
creating opportunities for better livelihoods of individuals and society
engaged in the various Artistic Work, Crafts and Work for the Betterment of
Villagers.
[Registered Activity] |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
|
|
|
Auditors : |
|
|
Name : |
S R B C and Company Chartered Accountants |
|
Address : |
14th Floor, The Ruby, 29 Senapati Bapat Marg, Dadar (West), Mumbai -
400028, Maharashtra, India |
|
Tel. No.: |
91-22-61920000 |
|
Fax No.: |
91-22-61921000 |
|
Income-tax
PAN of auditor or auditor's firm : |
ACHFS9117R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
House of Anita Dongre Limited [U17116MH1995PLC086449] |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
INR 10/- each |
INR 0.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100 |
Equity Shares |
INR 10/- each |
INR 0.001 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
0.001 |
0.001 |
|
(b) Reserves & Surplus |
|
(0.106) |
(0.058) |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
(0.105) |
(0.057) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
0.000 |
0.000 |
|
(b)
Trade payables |
|
0.100 |
0.053 |
|
(c)
Other current liabilities |
|
0.030 |
0.005 |
|
(d)
Short-term provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
|
0.130 |
0.058 |
|
|
|
|
|
|
TOTAL |
|
0.025 |
0.001 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
0.000 |
0.000 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
0.000 |
0.000 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
0.000 |
0.000 |
|
(c)
Trade receivables |
|
0.000 |
0.000 |
|
(d)
Cash and cash equivalents |
|
0.025 |
0.001 |
|
(e)
Short-term loans and advances |
|
0.000 |
0.000 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
0.025 |
0.001 |
|
|
|
|
|
|
TOTAL |
|
0.025 |
0.001 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
|
0.510 |
0.000 |
|
|
|
Other Income |
|
0.000 |
0.000 |
|
|
|
TOTAL |
|
0.510 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Other expenses |
|
0.559 |
0.058 |
|
|
|
TOTAL |
|
0.559 |
0.058 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
(0.049) |
(0.058) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
(0.049) |
(0.058) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
|
(0.049) |
(0.058) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
|
(0.049) |
(0.058) |
|
|
|
|
|
|
|
|
|
|
Earnings/(Loss)
Per Share (INR) |
|
(487.000 |
(575.00) |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Current Maturities of Long term debt |
|
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
|
0.024 |
0.000 |
|
|
|
|
|
|
Net Cash flow from (used in) Operating Activities |
|
0.024 |
0.000 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
|
0.00 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
|
0.00 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
|
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
|
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
|
0.00 |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
|
5.20 |
58.00 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
|
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
|
(1.24) |
(1.02) |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
|
0.00 |
0.00 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
|
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
|
(9.61) |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
|
(196.00) |
(5800.00) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
|
46.67 |
101.75 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
|
Current Ratio (Current
Assets / Current Liabilities) |
|
0.19 |
0.02 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
|
0.19 |
0.02 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
|
(4.20) |
(57.00) |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
|
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
|
0.19 |
0.02 |
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 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Share Capital |
0.001 |
0.001 |
|
Reserves & Surplus |
(0.058) |
(0.106) |
|
Money received against share
warrants |
0.000 |
0.000 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
|
Net
worth |
(0.057) |
(0.105) |
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Sales |
0.000 |
0.510 |
|
|
|
|
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Sales |
0.000 |
0.510 |
|
Profit/(Loss) |
(0.058) |
(0.049) |
|
|
|
(9.61%) |
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 |
No |
|
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 |
No |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last two years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last two 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 |
INDEX OF CHARGES: NO
CHARGES EXISTS FOR COMPANY
CORPORATE
INFORMATION
The company a not for profit company within the meaning of section 8 of the companies Act, 2013 was incorporated in India on 23 November 2015.
The company is a wholly owned subsidiary of house of Anita Dongre Limited and managed by the Board of directors companies senior executives of House of Anita Dongre Limited. Pursuant to the enactment of companies Act, 2013 and section 135 of the companies Act, 2013, the company as an implementing agency, would carry out corporate social responsibility (CSR) activities as per CSR policy adopted by House of Anita Dongre Limited in line with the schedule VII of the companies Act, 2013. The primary focus of the company is to promote, encourage, enhance, create awareness, guide, develop, maintain, manage activities, projects, programs, relating to education, sports, gender equality, women empowerment, employment opportunities, vocation skills, eradicating hunger, poverty, reducing child mortality, improving health care, combating diseases, environmental sustainability, animal welfare, social business project, creating opportunities for better livelihoods of individuals and society engaged in the various Artistic Work, Crafts and Work for the Betterment of Villagers
PRESS RELEASE
ANITA DONGRE
FOUNDATION STARTS PRODUCTION FACILITY IN PALGHAR (INDIA) TO EMPOWER WOMEN
MARCH 10, 2018
A garment production unit has been launched by Anita Dongre Foundation under its livelihood project in Palghar near Mumbai, India. The unit has been set up in the tribal area of the state in order to empower women living there.
Vishnu Savara, Cabinet Minister of Tribal Development of Maharashtra and designer Anita Dongre recently inaugurated the centre at Jawhar around 140 km away from Mumbai.
Markedly, a similar production facility is already functional in Charoti, Palghar.
The newly opened centre in Palghar has offered employment to around 70 tribal women on 50 sewing machines. The unit further intends to increase the number of women working there to 120 on 100 sewing machines before the end of this year, as reported.
Women in in the region have been trained in sewing, ironing, pattern cutting and other garment production-related jobs to make them self-reliant. Women working here are also given travel stipend to provide them with a comfortable and stress-free work environment.
Products made by these women operators will be showcased by the Global Desi brand with special tags that will highlight the work done by these workers. Notably, House of Anita Dongre is counted among India’s leading fashion houses and Global Desi is one of the primary labels of the fashion house that was founded by Anita Dongre, Meena Sehra and Mukesh Sawlani in the year 1995.
Anita Dongre is one of the most successful fashion designers on the Indian fashion landscape who owns and operates four brands including AND and Global Desi, while Grassroot by Anita is a tribute to the handcrafted traditions of India.
The fashion company undertakes CSR activities to do overall good to the community, with special emphasis on activities for the benefit of the poor and needy sections of the society. The unit in Palghar is part of its commitment to social welfare.
“We are focussed on taking jobs back to the villages of the country where women can lead progress. These trainings, leading to dependable jobs, allow women to work close to home but still bring home a sizable earning to have a voice in family decisions,” said the designer in the press release issued.
The designer, coveted for bridal couture, handcrafted luxury pręt and menswear, retails products at over 1,090 points of sale with more than 280 exclusive brand stores and over 820 multi-brand large format stores in over 105 cities.
WEBSITE DETAILS
Founded in 1995 by Anita Dongre, Meena Sehra and Mukesh Sawlani, House of Anita Dongre Limited is one of India’s leading fashion houses today—a well-recognised, well-respected and well-loved name. The company owns and operates four brands each with their own distinct identity. AND with its line of chic contemporary western wear for women; Global Desi, a vibrant and free-spirited brand of boho-chic ensembles; Anita Dongre offering exquisite bridal couture and a pręt line for men & women along with Pinkcity, handcrafted jadau jewellery; and Grassroot by Anita Dongre which is a tribute to the handcrafted traditions of India, seeking to revive and sustain heirloom traditions and empower artisans in villages.
Today, House of Anita Dongre has a widespread reach that extends not just across the country, but beyond the borders as well. Within India, the network includes well above 1,090 points of sale with more than 280 exclusive brand stores and over 820 multi-brand large format stores in over 105 cities. Globally, House of Anita Dongre marked its first international presence in Mauritius in 2013 with Global Desi followed by Anita Dongre & and in the city in 2014. In July 2017, Grassroot by Anita Dongre launched its first international store in New York City, USA.
In April 2015, the company shifted its headquarters to the serene, green hills of Rabale in Navi Mumbai. The new, ergonomically-designed building is a reflection of everything that the company stands for and believes in. Earth-friendly, animal-friendly, work-friendly—the special architecture of this green space uses air, water and sunlight in the most efficient and economical manner, creating a work environment that is completely in sync with the natural environment.
2013 was a momentous year for House of Anita Dongre as it became the first and the only fashion house in India to be invested in by General Atlantic, a leading global growth investment firm. House of Anita Dongre’s board of directors comprising of Anita Dongre, Meena Sehra and Mukesh Sawlani was strengthened further by appointment of Sandeep Naik (Managing Director, General Atlantic, Mumbai) and Shantanu Rastogi (Managing Director, General Atlantic, Mumbai) as its directors. In March 2015, Milind Sarwate, Former Marico Group CFO, joined the board as an Independent Director, followed by the appointment of Dalip Sehgal, Former Managing Director of Godrej Consumer Products Ltd. as an Independent Director in September 2016.
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 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 65.78 |
|
UK Pound |
1 |
INR 93.42 |
|
Euro |
1 |
INR 81.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.