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MIRA INFORM REPORT
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Report No. : |
505139 |
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Report Date : |
23.04.2018 |
IDENTIFICATION DETAILS
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Name : |
PANCHSHIL REALTY AND DEVELOPERS PRIVATE LIMITED (w.e.f 19.08.2014) |
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Formerly Known
As : |
ZERO G APARTMENTS PRIVATE LIMITED |
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Registered
Office : |
Tech Park One, Tower "E", S. No. 191A/2A/2, Next To Don Bosco
School, Off Airport Road, Yerawada Pune - 411006, Maharashtra |
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Tel. No.: |
91-20-66473100 / 66473200 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
27.11.2006 |
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Com. Reg. No.: |
11-129273 |
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Capital
Investment / Paid-up Capital : |
INR 30.000 Million |
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CIN No.: [Company Identification
No.] |
U45202PN2006PTC129273 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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PAN No.: [Permanent Account No.] |
AAACZ2746F |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in business of Development, Construction, Renting and Selling of properties and providing other real estate related services and consultancy. (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)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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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 2006. Management has failed to file its financial with the registrar of companies
for the FY 2017. For the financial year 2016, the company has reported dip in its
revenue by 23.15% as compared to the previous year but has managed to
maintain a decent profit margin of 10.98%. The overall financial profile of the company seems to be satisfactory
marked by sound networth base. Rating is constrained on account of high debt balance sheet profile
along with unfavourable gap between its payables and receivables. Payment seems to be slow and delayed. In view of aforesaid, the company can be considered for business
dealings with 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
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
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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 23.04.2018
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.:91-20-66473200 / 91-22-66863939)
LOCATIONS
|
Registered
Office/Corporate Office : |
Tech Park One, Tower "E", S. No. 191A/2A/2, Next To Don
Bosco School, Off Airport Road, Yerawada Pune - 411006, Maharashtra,
India |
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Tel. No.: |
91-20-66473100 / 66473200 |
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Fax No.: |
91-20-66373101 |
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E-Mail : |
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Website : |
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Mumbai office : |
Panchshil Realty, 20th Floor, Express Towers, Nariman
Point, |
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Tel. No.: |
91-22-66863939 |
DIRECTORS
As on 2018
|
Name : |
Mr. Sagar Ishwardas Chordia |
|
Designation : |
Director |
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Address : |
Flat No. 1002, Silver Woods, Pingale Wasti, Mundhwa Road, Hadapsar, Pune -411036, Maharashtra, India |
|
Date of Appointment : |
27.11.2006 |
|
PAN No.: |
AAQPC0409F |
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DIN No.: |
00054123 |
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|
Name : |
Mr. Pradeep Meghraj Banthia |
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Designation : |
Additional Director |
|
Address : |
C-301, Parc Valencia, Mundhwa Road, Behind Max 10/10, Pune- 411036, Maharashtra, India |
|
Date of Appointment : |
22.12.2017 |
|
DIN No.: |
00055001 |
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Name : |
Mr. Farookh Noormohmad Khan |
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Designation : |
Additional Director |
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Address : |
C-301, Lunkad Garden, Vimananagar, Pune - 411014, Maharashtra, India |
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Date of Appointment : |
21.03.2018 |
|
DIN No.: |
01323080 |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Sagar Ishwardas Chordia |
1500000 |
50.00 |
|
Varsha Chordia |
500100 |
16.67 |
|
Reshma Chordia |
500100 |
16.67 |
|
Saniya Chordia |
499800 |
16.66 |
|
Total |
3000000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in business of Development, Construction, Renting and Selling of properties and providing other real estate related services and consultancy. (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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Finance Institution: |
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Auditors : |
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Name : |
GKDJ and Associates Chartered Accountants |
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Address : |
333, Sohrab Hall, 21, Sassoon Road, Pune- 411001, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
AALFG3967H |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises which
are owned, or have significant influence of or are partners with Key management personnel and their
relatives: (As on 2016) |
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Subsidiary company:
(As on 2016) |
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Associate: (As on
2016) |
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CAPITAL STRUCTURE
As on 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
|
|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
INR 10/- each |
INR 30.000 Million |
|
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|
|
|
FINANCIAL DATA
[all figures are
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 |
30.000 |
0.100 |
0.100 |
|
(b) Reserves and Surplus |
286.021 |
256.354 |
225.539 |
|
(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) |
316.021 |
256.454 |
225.639 |
|
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1962.848 |
2048.440 |
1488.684 |
|
(b) Deferred tax liabilities (Net) |
0.548 |
1.667 |
-0.486 |
|
(c) Other long-term
liabilities |
277.195 |
10.697 |
11.387 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
2240.591 |
2060.804 |
1499.585 |
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
182.111 |
0.000 |
2.142 |
|
(b) Trade payables |
224.404 |
162.655 |
178.361 |
|
(c) Other current
liabilities |
2862.135 |
2323.220 |
2627.696 |
|
(d) Short-term
provisions |
9.152 |
6.284 |
15.963 |
|
Total Current
Liabilities (4) |
3277.802 |
2492.159 |
2824.162 |
|
|
|
|
|
|
TOTAL |
5834.414 |
4809.417 |
4549.386 |
|
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|
|
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II.
ASSETS |
|
|
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|
(1) Non-current assets |
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|
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(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
380.716 |
321.740 |
294.334 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
11.068 |
4.965 |
0.000 |
|
(b) Non-current Investments |
370.322 |
252.241 |
252.174 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
57.963 |
24.240 |
28.236 |
|
(e) Other
Non-current assets |
2.000 |
0.500 |
0.000 |
|
Total Non-Current
Assets |
822.069 |
603.686 |
574.744 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
4058.881 |
3403.889 |
2943.305 |
|
(c) Trade receivables |
209.898 |
89.326 |
45.754 |
|
(d) Cash and
bank balances |
18.246 |
94.590 |
374.798 |
|
(e) Short-term loans
and advances |
669.975 |
598.147 |
552.092 |
|
(f) Other current
assets |
55.345 |
19.779 |
58.693 |
|
Total Current Assets |
5012.345 |
4205.731 |
3974.642 |
|
|
|
|
|
|
TOTAL |
5834.414 |
4809.417 |
4549.386 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
542.471 |
705.896 |
1222.846 |
|
|
Other Income |
60.047 |
79.323 |
234.081 |
|
|
TOTAL |
602.518 |
785.219 |
1456.927 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
997.396 |
994.224 |
1325.914 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(661.136) |
(422.175) |
(316.174) |
|
|
Other expenses |
115.603 |
57.129 |
89.295 |
|
|
Exceptional
items before tax |
(17.995) |
0.000 |
0.238 |
|
|
Prior Period Item |
0.000 |
0.000 |
-0.071 |
|
|
TOTAL |
433.868 |
629.178 |
1099.202 |
|
|
|
|
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|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
168.650 |
156.041 |
357.725 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
57.085 |
79.331 |
56.439 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
111.565 |
76.710 |
301.286 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
25.918 |
22.983 |
20.946 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
85.647 |
53.727 |
280.340 |
|
|
|
|
|
|
|
Less |
TAX |
26.081 |
22.912 |
67.326 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
59.566 |
30.815 |
213.014 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
256.354 |
225.539 |
12.525 |
|
|
|
|
|
|
|
Add |
Capitalised by way of
bonus shares |
(29.900) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
286.020 |
256.354 |
225.539 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
100.869 |
51.755 |
85.322 |
|
|
TOTAL IMPORTS |
100.869 |
51.755 |
85.322 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
19.85 |
10.27 |
71.00 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
12.590 |
279.657 |
7.993 |
|
Net cash flows from (used in) operations |
168.447 |
(617.583) |
NA |
|
Net cash flows from (used in) operating activities |
144.116 |
(648.021) |
796.259 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
141.23 |
46.19 |
13.66 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
2.58 |
7.90 |
26.73 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
82.12 |
59.71 |
49.10 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.04 |
0.05 |
0.12 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.43 |
0.48 |
1.22 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.90 |
1.00 |
0.95 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
6.83 |
9.08 |
6.64 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
10.37 |
9.72 |
12.52 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.24 |
1.27 |
1.30 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.95 |
1.97 |
6.34 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
10.98 |
4.37 |
17.42 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.02 |
0.64 |
4.68 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
18.85 |
12.02 |
94.40 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.53 |
1.69 |
1.41 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.29 |
0.32 |
0.37 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.05 |
0.05 |
0.05 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
71.92 |
23280.97 |
14988.19 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.53 |
1.69 |
1.41 |
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 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
|
Share Capital |
0.100 |
0.100 |
30.000 |
|
|
Reserves & Surplus |
225.539 |
256.354 |
286.021 |
|
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
|
Net
worth |
225.639 |
256.454 |
316.021 |
|
|
|
|
|
|
|
|
long-term borrowings |
1488.684 |
2048.440 |
1962.848 |
|
|
Short term borrowings |
2.142 |
0.000 |
182.111 |
|
|
Current maturities of
long-term debts |
7.993 |
279.657 |
12.590 |
|
|
Total
borrowings |
1498.819 |
2328.097 |
2157.549 |
|
|
Debt/Equity
ratio |
6.643 |
9.078 |
6.827 |
|
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 |
1222.846 |
705.896 |
542.471 |
|
|
|
(42.274) |
(23.151) |
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 |
1222.846 |
705.896 |
542.471 |
|
Profit |
213.014 |
30.815 |
59.566 |
|
|
17.42% |
4.37% |
10.98% |
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 |
Yes |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
No |
|
16] |
No. of employees |
No |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
Yes |
|
22] |
Conduct of the banking account |
-- |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
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 |
CORPORATE INFORMATION
(As on 2016)
The company was incorporated on 27th November, 2006 and is engaged in business of Development, Construction, Renting and Selling of properties and providing other real estate related services and consultancy.
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from others |
170.510 |
556.579 |
|
Loans and advances from related parties |
215.670 |
336.831 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Deposits |
69.514 |
0.000 |
|
|
|
|
|
Total |
455.694 |
893.410 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G81158545 |
100164048 |
AXIS FINANCE LIMITED |
17/03/2018 |
- |
- |
1000000000.0 |
AXIS HOUSE, GROUND FLOOR,WADIA INTERNATIONAL CENTRE ,WORLI MUMBAI-400025 MAHARASHTRA INDIA |
|
2 |
G72159106 |
100143222 |
PNB HOUSING FINANCE LIMITED |
03/11/2017 |
- |
- |
34200000.0 |
9TH FLOOR ANTRIKSH BHAWAN22 K G MARGNEW DELHI-110001 INDIA |
|
3 |
G47283668 |
100106546 |
ADITYA BIRLA FINANCE LIMITED |
01/06/2017 |
- |
- |
55000000.0 |
INDIAN RAYON COMPOUND,VERAVAL -362266 INDIA |
|
4 |
G70452149 |
100094475 |
PNB HOUSING FINANCE LIMITED |
23/03/2017 |
04/10/2017 |
- |
3500000000.0 |
9TH FLOOR ANTRIKSH BHAWAN 22 K G MARGNEW DELHI-110001 INDIA |
|
5 |
G40846297 |
100089378 |
KOTAK MAHINDRA PRIME LIMITED |
09/03/2017 |
- |
- |
8000000.0 |
27BKC, C 27, G BLOCKBANDRA KURLA COMPLEX, BANDRA (E), MUMBAI-400051 MAHARASHTRA INDIA |
|
6 |
G08911901 |
100042941 |
KOTAK MAHINDRA PRIME LIMITED |
08/06/2016 |
- |
- |
8546319.0 |
27BKC, C 27, G BLOCKBANDRA KURLA COMPLEX, BANDRA (E),MUMBAI-400051 MAHARASHTRA INDIA |
|
7 |
G43108075 |
10519062 |
ICICI BANK LIMITED |
05/09/2014 |
- |
26/04/2017 |
35000000.0 |
FIRST FLOOR, NAYANTARA BUILDING,BHANDARKAR ROAD,PUNE-411004 MAHARASHTRA INDIA |
|
8 |
G42669507 |
10495188 |
BAJAJ FINANCE LIMITED |
30/04/2014 |
- |
24/04/2017 |
250000000.0 |
AKURDI PUNEMUMBAI PUNE ROAD PUNE-411035 MAHARASHTRA INDIA |
|
9 |
G41847260 |
10597373 |
ST HELEN'S NOMINEES INDIA PRIVATE LIMITED |
14/10/2015 |
- |
13/04/2017 |
2700000000.0 |
1ST FLOOR, CRESCENZO BUILDING, C-38/39,"G" BLOCK, BANDRA KURLA COMPLEX,BANDRA (EAST)MUMBAI-400051 MAHARASHTRA INDIA |
|
10 |
C61644209 |
10398368 |
Axis Trustee Services Limited |
26/12/2012 |
- |
17/08/2015 |
1750000000.0 |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND,PANDURANG BUDHKAR MARG, WORLI,MUMBAI-400025 MAHARASHTRA INDIA |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
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 65.22 |
|
|
1 |
INR 92.77 |
|
Euro |
1 |
INR 80.34 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKY |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
RKI |
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.