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MIRA INFORM REPORT
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Report No. : |
505692 |
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Report Date : |
25.04.2018 |
IDENTIFICATION DETAILS
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Name : |
C. J. SHAH AND COMPANY |
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Registered
Office : |
No.105, Bajaj Bhavan, 10th Floor, Barrister Rajni Patel Marg,
Nariman Point, Mumbai-400021, Maharashtra |
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Tel No.: |
91-22-43436969 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Year of
Establishment : |
1961 |
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Capital
Investment : |
Not Divulged |
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IEC No.: [Import-Export Code No.] |
0388097744 |
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GSTN : [Goods & Service Tax
Registration No.] |
27AAAFC5600N1ZJ |
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TIN No.: |
Not Divulged |
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PAN No.: [Permanent Account No.] |
AAAFC5600N |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
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Line of Business
: |
Trader, Exporter and Importer of Speciality Chemicals, Bulk Solvents
and Pharmaceutical Products. (Confirmed by Management) |
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No. of Employees
: |
85 [Approximately] As claimed by Mr. Nilesh Modi (Import Manager) that there is an
decrease in the number of employees over past years and current number
employees are 85 |
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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 5142800 |
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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 is a partnership concern established in the year 1961. It is a trader, exporter and importer of all types of chemicals. Mr. Nilesh Modi (Import Manager) has provided general information about the subject to us but has denied providing any financial details. As per our database record, the concern has achieved sales turnover of INR 18000 million (which could not be verified) for the financial year 2016 and 2017. Payments are seems to be usually correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
CRISIL |
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Rating |
Short Term Loans=A1 |
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Rating Explanation |
Very Strong degree of safety and carry lowest credit risk |
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Date |
24.10.2017 |
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 25.04.2018.
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 PARTED BY [GENERAL DETAILS]
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Name : |
Mr. Nilesh Modi |
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Designation : |
Import Manager |
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Contact No.: |
91-9821230751 |
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Date : |
24.04.2018 |
LOCATIONS
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Registered Office : |
No.105, Bajaj Bhavan, 10th Floor, Barrister Rajni Patel
Marg, Nariman Point, Mumbai-400021, Maharashtra, India |
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Tel. No.: |
91-22-43436969 |
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Mobile No.: |
91-9820078065 [Mr. Ashit Mahesh Shah] 91-9821230751 [Mr. Nilesh Modi] |
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Fax No.: |
91-22-22028716 |
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E-Mail : |
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Website : |
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Warehouse: |
C/O. Deshmukh Warehousing Corporation Room No. 815, Gala No. 2 Shree Dutta
Compound Rehnal Village, Bhiwandi, Thane – 421302, Maharashtra, India |
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Branch Office 1: |
Plot No.222, Office No.12, Ward 12-B, 2nd Floor, Nitik
Complex, Police Station Char Rasta, Gandhidham, Kachchh – 370201, Gujarat,
India |
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Branch Office 2: |
21, 2nd Floor, Ratna Business Square, Old Nataraj Cinema, Opposite H K
Comm. College, Asharam Road, Ahmedabad – 390009, Gujarat, India |
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Branch Office 3: |
809, Hemkoot, Opposite Capital Commercial, Ashram Road, Ahmedabad -380009, Gujarat, India |
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Branch Office 4: |
Shop No.8, Dharvi Complex-1, N.H.8, Asali, Taluka Dascroi, Ahmedabad -382427, Gujarat, India |
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Branch Office 5: |
Office No. 9, Pub Office, Next To, Custom House, Gate No. 1, Hazira -394270, Gujarat, India |
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Branch Office 6/ Warehouse 1 : |
Godown No.1 To 6, Building No. F, Survey, No.166, Near
Nandali Talav, Purna |
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Branch Office 7/ Warehouse 2: |
Deshmukh Warehousing Corporation, Gala A- 5,/6/7, Shree Datta Com.Sur.No.171/1 Rehnal, Village Bhiwandi, District Thane - 421302, Maharashtra, India |
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Branch Office 8/ Warehouse 3 : |
Survey No.173, Gala No.7,8,9,10,11,12, Hissa No.13,Jay
Shree Ram Comp, |
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Branch Office 9/ Warehouse 4 : |
C/O Deshmukh Warehousing Corpn, Room, No 815, Gala No 2, Shree Dutta Com Rehnal Village, Taluka Bhiwandi -421302, Maharashtra, India |
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Corporate/ Branch Office 10/ Warehouse 5: |
L 25 Ambattur Industrial Estate, Chennai -600058, Tamilnadu, India |
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Branch Office 11/ Warehouse 6 : |
L-16, Ambattur Industrial Estate, Chennai -600058, Tamilnadu, India |
PARTNERS
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Name : |
Mr. Ashit Mahesh Shah |
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Designation : |
Partner |
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Address: |
1001, Pleaseant Palace, 16, Narayan Dabholkar Marg, Nepean
Sea, |
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Name : |
Mrs. Apurva Mahesh Shah |
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Designation : |
Partner |
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Address: |
1403, Pleasant Palace, Narayan Dab Holkar Road,
Mumbai-400006, Maharashtra, India |
KEY EXECUTIVES
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Name : |
Mr. Nilesh Modi |
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Designation : |
Import Manager |
BUSINESS DETAILS
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Line of Business : |
Trader, Exporter and Importer of Speciality Chemicals, Bulk Solvents
and Pharmaceutical Products. (Confirmed by Management) |
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Products/ Services : |
· Speciality Chemicals · Bulk Solvents · Pharmaceutical Products |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Chemicals |
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Countries : |
· Dubai · UAE |
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Imports : |
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Products : |
Chemicals |
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Countries : |
· Germany · China · USA · Gulf Countries · China · Middle East Countries |
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Terms : |
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Selling : |
Advance Payment, L/C, Cheque and Credit [30,60 Days] and Others [RTGS,
NEFT] |
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Purchasing : |
Advance Payment, L/C, Cheque and Credit [30,60 Days] and Others [RTGS,
NEFT] |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users and OEMs
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No. of Employees : |
85 [Approximately] As claimed by Mr. Nilesh Modi (Import Manager) that there is an
decrease in the number of employees over past years and current number
employees are 85 |
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Bankers : |
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Auditors : |
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Name : |
Rajendra and Company Chartered Accountants |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Divulged |
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Borrowed : |
Not Divulged |
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Total : |
Not Divulged |
FINANCIAL ANALYSIS
[all figures are
in INR Million]
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PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
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Sales Turnover (Approximately) |
Not Divulged |
18000.000 |
18000.000 |
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The above information has been declined by Mr. Nilesh Modi
(Import Manager)
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
LOCAL AGENCY FURTHER INFORMATION
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Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
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1 |
Year of establishment |
Yes |
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2 |
Constitution of the entity -Incorporation
details |
Yes |
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3 |
Locality of the entity |
Yes |
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4 |
Premises details |
No |
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5 |
Buyer visit details |
-- |
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6 |
Contact numbers |
Yes |
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7 |
Name of the person contacted |
Yes |
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8 |
Designation of contact person |
Yes |
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9 |
Promoter’s background |
No |
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10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
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11 |
Pan Card No. of Proprietor / Partners |
No |
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12 |
Voter Id Card No. of Proprietor / Partners |
No |
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13 |
Type of business |
Yes |
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14 |
Line of Business |
Yes |
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15 |
Export/import details (if applicable) |
Yes |
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16 |
No. of employees |
Yes |
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17 |
Details of sister concerns |
No |
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18 |
Major suppliers |
Yes |
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19 |
Major customers |
Yes |
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20 |
Banking Details |
Yes |
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21 |
Banking facility details |
No |
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22 |
Conduct of the banking account |
Yes |
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23 |
Financials, if provided |
No |
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24 |
Capital in the business |
No |
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25 |
Last accounts filed at ROC, if applicable |
No |
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26 |
Turnover of firm for last two years |
Yes |
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27 |
Reasons for variation <> 20% |
-- |
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28 |
Estimation for coming financial year |
No |
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29 |
Profitability for last two years |
No |
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30 |
Major shareholders, if available |
No |
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31 |
External Agency Rating, if available |
No |
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32 |
Litigations that the firm/promoter
involved in |
-- |
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33 |
Market information |
-- |
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34 |
Payments terms |
Yes |
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35 |
Negative Reporting by Auditors in the Annual
Report |
No |
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any
of its beneficial owners, controlling shareholders or senior officers as
terrorist or terrorist organization or whom notice had been received that all
financial transactions involving their assets have been blocked or convicted,
found guilty or against whom a judgement or order had been entered in a
proceedings for violating money-laundering, anti-corruption or bribery or
international economic or anti-terrorism sanction laws or whose assets were
seized, blocked, frozen or ordered forfeited for violation of money laundering
or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the
property or assets of the subject are derived from criminal conduct or a
prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or investigation
registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No
record exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our
market survey revealed that the amount of compensation sought by the subject is
fair and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 66.36 |
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1 |
INR 92.51 |
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Euro |
1 |
INR 81.05 |
INFORMATION DETAILS
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Information
Gathered by : |
SUP |
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Analysis Done by
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NIY |
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Report Prepared
by : |
IND |
SCORE FACTORS
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
YES |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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.