|
|
|
MIRA INFORM REPORT
|
Report No. : |
504852 |
|
Report Date : |
25.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
INSIGHT PRINT COMMUNICATIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2, Vakil Industrial Estate, 2nd Floor, Walbhat Road, Goregaon (East),
Mumbai-400063, Maharashtra |
|
Tel. No.: |
91-22-61123400 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
17.03.2007 |
|
|
|
|
Com. Reg. No.: |
11-197670 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 6.320 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22219MH2007PTC197670 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TIN No.: |
27190610410 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCI6530P |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AABCI6530P1Z7 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Dealing in Computer Ink, Plates, Printing Machinery (Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 |
|
Maximum Credit Limit : |
USD 806000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 2007 having
good track record. For the financial year ended 2017, the company has witnessed a growth
in its revenue and has achieved profit margin at 2.25% (Approximately). The company possesses sound financial profile marked by healthy
networth base along with negligible debt recorded and favourable gap between
trade payables to its trade receivables. The company also derives strength from its long standing track record
of business operation. Trade relations are reported as fair. Business is active. Payment
terms are seems to be regular and as per commitments. 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.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
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 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 DECLINED BY
|
Name : |
Mr. Raja Kochar |
|
Designation : |
General Manager |
|
Contact No.: |
91-9821334798 |
|
|
|
|
Name : |
Mr. Raju |
|
Designation : |
Export Import Manager |
|
Contact No.: |
91-22-61123400 |
|
Date : |
21.04.2018 |
LOCATIONS
|
Registered Office : |
2, Vakil Industrial Estate, 2nd Floor, Walbhat Road , Goregaon (East),
Mumbai-400063, Maharashtra, India |
|
Tel. No.: |
91-22-61123400 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office: |
FBD One Tower, 1st Floor, Faridabad By Pass Road, Delhi Badarpur Border, Faridabad – 121003, Haryana, India |
|
|
|
Branch
Office:
|
S-6, 1st Floor, Okhla Industrial Area, Phase-II, New
Delhi- 110020, India |
|
Tel. No.: |
91-11-30882442 |
|
|
|
|
Regional Offices : |
Located at: · Pune · Chennai · Kolkata · Bangalore · Kochi · Hyderabad ·
Ahmedabad |
DIRECTORS
As on 31.03.2017
|
Name : |
Angelo Tadeu Bartolomeu Fernandes |
|
Designation : |
Director |
|
Address : |
Plot No. 60 , Shivshankar Girija
Co-Operative Housing Society, Kondhwa Khurd, Pune-411048, Maharashtra, India |
|
Date of Birth/Age : |
14.08.1956 |
|
Date of Appointment : |
17.03.2007 |
|
DIN No.: |
00547648 |
|
|
|
|
Name : |
Mr. Nehchalraj Singh Hardarshansingh Ahluwalia |
|
Designation : |
Director |
|
Address : |
Plot No. 59 , Shivshankar Girija Co-Operative Housing Society, Kondhwa Khurd, Pune-411048,
Maharashtra, India |
|
Date of Birth/Age : |
16.01.1952 |
|
Date of Appointment : |
12.09.2008 |
|
DIN No.: |
00550396 |
|
|
|
|
Name : |
Mr. Nitin Dinkar Palekar |
|
Designation : |
Director |
|
Address : |
B - 27 Nikash Skies, Someshwar Wadi, Off
Baner Road, Pune-411008, Maharashtra, India |
|
Date of Birth/Age : |
25.05.1957 |
|
Date of Appointment : |
12.09.2008 |
|
DIN No.: |
00551282 |
|
|
|
|
Name : |
Mr. Ajay Radhakrishan Aggarwal |
|
Designation : |
Director |
|
Address : |
G - 268, Sarita Vihar, New Delhi-110044, Delhi, India |
|
Date of Birth/Age : |
18.09.1969 |
|
Date of Appointment : |
20.03.2007 |
|
DIN No.: |
00563485 |
|
|
|
|
Name : |
Mr. Ravinder Singh Meharban Singh Dugal |
|
Designation : |
Director |
|
Address : |
701 Crystel Avenue , A Wing , 7th Floor,
Dattani Park, Thakur Village, Kandivali (East), Mumbai-400101, Maharashtra,
India |
|
Date of Birth/Age : |
15.10.1956 |
|
Date of Appointment : |
17.03.2007 |
|
DIN No.: |
01177141 |
|
|
|
|
Name : |
Mr. Ashish Vishnu Save |
|
Designation : |
Director |
|
Address : |
A 202/ Ridhi Shri Appartment, Phool Pada Road, Virar (East) Thane,
Mumbai- 401305, Maharashtra, India |
|
Date of Birth/Age : |
19.02.1974 |
|
Date of Appointment : |
29.07.2013 |
|
DIN No.: |
06629928 |
|
|
|
|
Name : |
Mr. Mathew George Kannamala |
|
Designation : |
Director |
|
Address : |
Door No. 5, No. 29, Kamakoti Kripa, North
Avenue,, Srinagar Colony, B/H Saidapet Court, Chennai-600015, Tamilnadu,
India |
|
Date of Birth/Age : |
27.05.1968 |
|
Date of Appointment : |
29.07.2013 |
|
DIN No.: |
06643659 |
KEY EXECUTIVES
|
Name : |
Mr. Raja Kochar |
|
Designation : |
General Manager |
|
|
|
|
Name : |
Mr. Raju |
|
Designation : |
Export Import Manager |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Ravinder Singh Dugal |
158000 |
25.00 |
|
Angelo Tadeu Bartolomeu Fernandes |
158000 |
25.00 |
|
Nehchalraj Singh Ahluwalia |
158000 |
25.00 |
|
Ajay R Aggarwal |
158000 |
25.00 |
|
Total |
632000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealing in Computer Ink, Plates, Printing Machinery (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 : |
Not Divulged |
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Bankers (As on 2016) : |
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Facilities : |
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Auditors : |
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|
Name : |
ASL and Company Chartered Accountants |
|
Address : |
302, Eco Space, Mogra Village, off Old Nagardas Road, Andheri (East), Mumbai-400069, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFC1257B |
|
|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives: |
· Pica Type Systems Private Limited · Reality Information Systems Private Limited · Insight Communication and Print Solution India Private Limited · Flipick Private Limited |
CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
632000 |
Equity Shares |
INR 10/- each |
INR 6.320 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
6.320 |
6.320 |
6.320 |
|
(b) Reserves & Surplus |
275.614 |
249.536 |
236.858 |
|
(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) |
281.934 |
255.856 |
243.178 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
6.322 |
6.190 |
7.081 |
|
(c) Other long term
liabilities |
0.072 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
6.394 |
6.190 |
7.081 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
19.447 |
0.000 |
0.000 |
|
(b) Trade payables |
178.788 |
158.621 |
178.262 |
|
(c) Other current liabilities |
60.565 |
63.846 |
28.635 |
|
(d) Short-term provisions |
19.630 |
12.971 |
24.999 |
|
Total
Current Liabilities (4) |
278.430 |
235.438 |
231.896 |
|
|
|
|
|
|
TOTAL |
566.758 |
497.484 |
482.155 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
28.294 |
27.626 |
34.090 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
39.615 |
23.701 |
56.164 |
|
(c) Deferred tax assets (net) |
74.125 |
63.286 |
55.887 |
|
(d) Long-term Loan and Advances |
1.439 |
3.305 |
5.424 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
143.473 |
117.918 |
151.565 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
120.532 |
106.229 |
124.518 |
|
(c) Trade receivables |
229.296 |
203.565 |
177.615 |
|
(d) Cash and cash equivalents |
45.039 |
65.832 |
22.959 |
|
(e) Short-term loans and
advances |
28.418 |
3.940 |
5.498 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
423.285 |
379.566 |
330.590 |
|
|
|
|
|
|
TOTAL |
566.758 |
497.484 |
482.155 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1159.617 |
991.141 |
1098.583 |
|
|
Other Income |
23.619 |
42.205 |
37.621 |
|
|
TOTAL
|
1183.236 |
1033.346 |
1136.204 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
0.000 |
2.749 |
2.936 |
|
|
Purchases of Stock-in-Trade |
983.581 |
857.596 |
934.082 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(14.303) |
15.561 |
4.967 |
|
|
Employees benefits expense |
80.222 |
68.834 |
53.254 |
|
|
Other expenses |
88.492 |
63.156 |
79.654 |
|
|
TOTAL |
1137.992 |
1007.896 |
1074.893 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
45.244 |
25.450 |
61.311 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1.282 |
0.901 |
0.143 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
43.962 |
24.549 |
61.168 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
4.657 |
5.454 |
8.350 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
39.305 |
19.095 |
52.818 |
|
|
|
|
|
|
|
Less |
TAX |
13.227 |
6.417 |
15.728 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
26.078 |
12.678 |
37.090 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
41.26 |
20.06 |
58.69 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
38.701 |
|
Net cash flows from (used in) operations |
(11.615) |
22.608 |
21.711 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
72.17 |
74.97 |
59.01 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
5.06 |
4.87 |
6.19 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
66.35 |
67.29 |
69.44 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.38 |
0.24 |
0.49 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.60 |
0.92 |
1.80 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.49 |
0.47 |
0.48 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.07 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
0.99 |
0.92 |
0.95 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.10 |
0.11 |
0.14 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
35.29 |
28.25 |
428.75 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
2.25 |
1.28 |
3.38 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
4.60 |
2.55 |
7.69 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
9.25 |
4.96 |
15.25 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.52 |
1.61 |
1.43 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.09 |
1.16 |
0.89 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.50 |
0.51 |
0.50 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
3.08 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.52 |
1.61 |
1.43 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are in
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
6.320 |
6.320 |
6.320 |
|
Reserves & Surplus |
236.858 |
249.536 |
275.614 |
|
Net
worth |
243.178 |
255.856 |
281.934 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
19.447 |
|
Total
borrowings |
0.000 |
0.000 |
19.447 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.069 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
1098.583 |
991.141 |
1159.617 |
|
|
|
(9.780) |
16.998 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
1098.583 |
991.141 |
1159.617 |
|
Profit |
37.090 |
12.678 |
26.078 |
|
|
3.38% |
1.28% |
2.25% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of establishment |
Yes |
|
2] |
Constitution of the entity Incorporation
details |
Yes |
|
3] |
Locality of the entity |
Yes |
|
4] |
Premises details |
No |
|
5] |
Buyer visit details |
-- |
|
6] |
Contact numbers |
Yes |
|
7] |
Name of the person contacted |
Yes |
|
8] |
Designation of contact person |
Yes |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
No |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
No |
|
16] |
No. of employees |
No |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
Yes |
|
22] |
Conduct of the banking account |
-- |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
Yes |
|
26] |
Turnover of firm for last three years |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
Litigations that the firm/promoter
involved in |
-- |
|
32] |
Market information |
-- |
|
33] |
Payments terms |
No |
|
34] |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX
OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Amount |
Address |
|
1 |
G04642989 |
100029660 |
Corporation Bank |
09/05/2016 |
38000000.0 |
Koregaon Park Branch, Jewel Square, Shop No.1 ,Next to Taj Vivanta Hotel, Koregaon Park, Pune Maharashtra 411001 India |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Guarantees |
0.748 |
2.748 |
|
Other money for which company is contingently liable |
7.441 |
2.544 |
|
Total |
8.189 |
5.292 |
FIXED ASSETS
·
Freehold Land
·
Warehouse
·
Air Conditioner
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer
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 66.22 |
|
UK Pound |
1 |
INR 92.84 |
|
Euro |
1 |
INR 81.27 |
INFORMATION DETAILS
|
Information
Gathered by : |
ARC |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
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.
·