|
|
|
MIRA INFORM REPORT
|
Report No. : |
505739 |
|
Report Date : |
25.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
SAHASTRAA EXPORTS PRIVATE LIMITED (w.e.f. 01.08.2002) |
|
|
|
|
Formerly Known
As : |
SAHASTRA EXPORTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
601-602, 6th Floor, Navkar Plaza, Bajaj Road, Vile Parle
(West), Mumbai – 400056, Maharashtra |
|
Tel. No.: |
91-22-66795555 / 66993250 / 325 / 52 / 53 / 54 / 67879700 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
21.07.2000 |
|
|
|
|
Com. Reg. No.: |
11-127866 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 27.849 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH2000PTC127866 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0301014906 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCS2340R |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAFCS2340R1ZX |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trading of Chemicals (Confirmed by
management) |
|
|
|
|
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 446000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 2000 having
satisfactory track record. For the financial year ended 2017, the company has witnessed a growth
in its revenue and has reported profit margin at 0.32% (Approximately) The company possesses an acceptable financial profile marked by sound
networth base along with low debt level favourable gap between trade payables
to its trade receivables. The company also derive strength from its long standing track record
of business operations. However, the rating strength is partly offset by low profit margin of
the company. Trade relations are reported as fair. Business is active. Payment
terms are seems to be slow but correct. 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund Based Limit : B+ |
|
Rating Explanation |
High risk of default |
|
Date |
22.03.2018 |
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 DENIED BY
|
Name : |
Mr. Suhhail Shrinwaas Agarwaal |
|
Designation : |
Director |
|
Contact No.: |
91-9819349444 |
|
Date : |
24.04.2018 |
LOCATIONS
|
Registered Office : |
601-602, 6th Floor, Navkar Plaza, Bajaj Road, Vile Parle
(West), Mumbai – 400056, Maharashtra, India |
|
Tel. No.: |
91-22-66795555 / 66993250 / 325 / 52 / 53 / 54 / 67879700 |
|
Mobile No.: |
91-9819349444 [Mr. Suhhail Shrinwaas Agarwaal] |
|
Fax No.: |
91-22-66793257 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory / Warehouse : |
Plot No D-303, Village Turbhe, MIDC, TTC Industrial Area, Vashi, Navi
Mumbai – 400705, Maharashtra, India. |
|
Location : |
Leased / Rented |
|
Locality : |
Industrial |
|
|
|
|
Branch Office : |
Located At: · Ahmedabad · Yamuna Nagar · Hyderabad ·
Delhi |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Hycintha Alex Fernandes |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
Palm Lands, (Out House), Tps III, Pali Road, Bandra (West), Mumbai –
400050, Maharashtra, India |
||||||||
|
Date of Birth/Age : |
20.10.1963 |
||||||||
|
Qualification : |
B.Com |
||||||||
|
Date of Appointment : |
01.08.2002 |
||||||||
|
DIN No.: |
01745503 |
||||||||
|
PAN No.: |
AAIPF8618D |
||||||||
|
Other
Directorship :
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Suhhail Shrinwaas Agarwaal |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
18/2, Roopal Town, House 27, Nutan Laxmi Society, N.S. Road No.9,
Juhu, Mumbai – 400049, Maharshtra, India |
||||||||
|
Date of Birth/Age : |
18.10.1983 |
||||||||
|
Qualification : |
B.Com |
||||||||
|
Date of Appointment : |
19.10.2001 |
||||||||
|
DIN No.: |
01745543 |
||||||||
|
PAN No.: |
AEKPA3840E |
||||||||
|
Other
Directorship :
|
|||||||||
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Suhhail Agarwaal |
|
1886985 |
|
Swadha Agarwal |
|
138497 |
|
Saujanya Plastics Private Limited, India |
|
575437 |
|
Triveni Management Consultancy Services Limited, India |
|
98000 |
|
Bharati Thakkar |
|
85311 |
|
Premlata Agarwal |
|
350 |
|
Kamalkant |
|
350 |
|
Sumedh Agarwal |
|
1 |
|
Dhapadevi Ladha |
|
1 |
|
Sampatraj Ladha |
|
1 |
|
Shalin Ladha |
|
1 |
|
|
|
2784934 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
75.82 |
|
Promoters (Body corporate) |
24.18 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading of Chemicals (Confirmed by
management) |
||||
|
|
|
||||
|
Products / Services
: |
Chemicals |
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
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No. of Employees : |
Not Divulged |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
· ICICI Bank Limited |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Dinesh S Agarwal and Associates Chartered Accountants |
|
Address : |
609-B, Mangalarambh, Kora Kendra Road, Borivali (West), Mumbai – 400092, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFD8338A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
INR 10/- each |
INR 40.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2784934 |
Equity Shares |
INR 10/- each |
INR 27.849 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 |
27.849 |
27.849 |
27.849 |
|
(b) Reserves and Surplus |
128.104 |
123.585 |
123.489 |
|
(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) |
155.953 |
151.434 |
151.338 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
30.656 |
35.788 |
63.911 |
|
(b) Deferred tax liabilities (Net) |
3.023 |
2.894 |
2.708 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
33.679 |
38.682 |
66.619 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
71.386 |
58.429 |
73.029 |
|
(b) Trade
payables |
377.919 |
286.935 |
306.492 |
|
(c) Other
current liabilities |
25.924 |
7.822 |
8.988 |
|
(d) Short-term
provisions |
1.434 |
0.000 |
3.654 |
|
Total Current
Liabilities (4) |
476.663 |
353.186 |
392.163 |
|
|
|
|
|
|
TOTAL |
666.295 |
543.302 |
610.120 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
45.700 |
46.232 |
45.494 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.090 |
0.090 |
0.090 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
3.410 |
2.418 |
2.506 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
49.200 |
48.740 |
48.090 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
42.768 |
16.214 |
40.515 |
|
(c) Trade
receivables |
474.252 |
420.744 |
455.259 |
|
(d) Cash and
bank balances |
59.904 |
28.512 |
30.015 |
|
(e)
Short-term loans and advances |
40.171 |
29.092 |
36.241 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
617.095 |
494.562 |
562.030 |
|
|
|
|
|
|
TOTAL |
666.295 |
543.302 |
610.120 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
1393.900 |
1258.356 |
1639.481 |
|
|
Other Income |
3.892 |
7.040 |
6.062 |
|
|
TOTAL |
1397.792 |
1265.396 |
1645.543 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
1203.393 |
1044.673 |
1440.334 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(26.554) |
24.301 |
(22.054) |
|
|
Employee benefit expense |
3.088 |
3.745 |
5.150 |
|
|
Other expenses |
197.018 |
176.407 |
170.808 |
|
|
TOTAL |
1376.945 |
1249.126 |
1594.238 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
20.847 |
16.270 |
51.305 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
10.244 |
10.682 |
31.009 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
10.603 |
5.588 |
20.296 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.743 |
3.823 |
3.836 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
6.860 |
1.765 |
16.460 |
|
|
|
|
|
|
|
Less |
TAX |
2.319 |
1.669 |
6.175 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
4.519 |
0.096 |
10.285 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1.62 |
0.03 |
3.69 |
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 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
42.371 |
65.612 |
17.794 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
37.013 |
56.463 |
11.619 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
124.19 |
122.04 |
101.35 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
2.94 |
2.99 |
3.60 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
114.63 |
100.25 |
77.67 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.49 |
1.00 |
1.27 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.46 |
0.35 |
1.13 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.76 |
0.72 |
0.75 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.65 |
0.62 |
0.90 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
3.06 |
2.33 |
2.59 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.29 |
0.31 |
0.30 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.04 |
1.52 |
1.65 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.32 |
0.01 |
0.63 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.68 |
0.02 |
1.69 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
2.90 |
0.06 |
6.80 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.29 |
1.40 |
1.43 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
1.20 |
1.35 |
1.33 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.23 |
0.28 |
0.25 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
3.66 |
3.38 |
4.92 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.29 |
1.40 |
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 |
27.849 |
27.849 |
27.849 |
|
Reserves & Surplus |
123.489 |
123.585 |
128.104 |
|
Net
worth |
151.338 |
151.434 |
155.953 |
|
|
|
|
|
|
long-term borrowings |
63.911 |
35.788 |
30.656 |
|
Short term borrowings |
73.029 |
58.429 |
71.386 |
|
Total
borrowings |
136.940 |
94.217 |
102.042 |
|
Debt/Equity
ratio |
0.905 |
0.622 |
0.654 |
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 |
1639.481 |
1258.356 |
1393.900 |
|
|
|
(23.247) |
10.772 |
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 |
1639.481 |
1258.356 |
1393.900 |
|
Profit |
10.285 |
0.096 |
4.519 |
|
|
0.63% |
0.01% |
0.32% |
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 |
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 |
No |
|
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] |
External Agency Rating, if available |
Yes |
|
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 |
NOTE: Registered office of the company has been
shifted from Liberty Apartment, Flat No. 103, 1st Floor, 80-A
Sarojini Road, Vile Parle (West), Mumbai – 400056, Maharashtra, India, to the present address w.e.f. 27.07.2012.
OPERATIONS:
During the year the revenue from operations of the Company has increased from INR 1258.356 million to INR 1393.900 million. For the financial year 2017 your Company’s profit after tax stood at INR 4.519 million compared to INR 0.096 million in the previous year registering a rise in the growth of the company
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Deposits from others |
0.207 |
0.755 |
|
Short-term
borrowings |
|
|
|
Loans and advances from related parties |
2.783 |
1.127 |
|
Total |
2.990 |
1.882 |
INDEX
OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B08359705 |
10274157 |
DHANLAXMI BANK LIMITED |
29/01/2011 |
- |
- |
44400000.0 |
DHANALAKSHMI BANK BUILDING NAICKANAL TRICHUR KERALA 680001 INDIA |
|
2 |
C82294075 |
10156610 |
Oriental Bank of Commerce |
20/04/2009 |
14/03/2016 |
- |
232500000.0 |
BANDRA (WEST) BRANCH, GRD. FLOOR, MAHATMA GANDHI SEVA TRUST BUILDING, OPP. BANDRA TALAO, S. V. ROAD MUMBAI MAHARASHTRA 400050 INDIA |
|
3 |
B74910571 |
10371395 |
DHANLAXMI BANK LIMITED |
09/07/2012 |
- |
04/05/2013 |
20000000.0 |
TRADE VIEW, 2ND FLOOR, KAMLA MILLS COMPOUND, LOWER PAREL, NEAR GATE NO. 4, MUMBAI MAHARASHTRA 400013 INDIA |
FIXED ASSETS
- Land
- Building
- Furniture and Fixture
- Plant and Machinery
- Motor vehicles
- Office equipment
- Computer equipments
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 : |
GYT |
|
|
|
|
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 |
NO |
|
--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.
·