|
|
|
MIRA INFORM REPORT
|
Report No. : |
506021 |
|
Report Date : |
26.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
TATA
STARBUCKS PRIVATE LIMITED [w.e.f. 16.03.2015] |
|
|
|
|
Formerly Known
As : |
TATA
STARBUCKS LIMITED |
|
|
|
|
Registered Office
: |
4th Floor, New |
|
Tel. No.: |
91-22-66113939 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
30.09.2011 |
|
|
|
|
Com. Reg. No.: |
11-222589 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 3800.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74900MH2011PTC222589 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0311080782 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAECT0606Q1Z2 |
|
|
|
|
TIN No.: |
27160921457 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECT0606Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company is engaged in operating cafes in |
|
|
|
|
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 : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Tata Starbucks is a 50:50 joint venture company, owned by Tata
Global Beverages and Emerald City C.V. that owns and operates Starbucks
outlets in
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
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 26.04.2018.
IBBI (Insolvency and Bankruptcy Board of
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED
MANAGEMENT NON-COOPERATIVE (Tel No.: 91-22-66113939)
LOCATIONS
|
Registered Office : |
4th Floor, New |
|
Tel. No.: |
91-22-66113939 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website: |
|
|
|
|
|
Corporate Office/Correspondence: |
1002 B,10th Floor, Tower-2, Indiabulls Finance Centre,
Senapati Bapat Marg, |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Ajoy Kumar Misra |
|
Designation : |
Director |
|
Address : |
501 Electra Tower 3, Planet Godrej 30 Keshavrao Khadye
Marg, Mahalaxmi Mumbai – 400011, |
|
Date of Birth/Age : |
25.04.1957 |
|
Qualification: |
Graduate |
|
Date of Appointment : |
27.09.2014 |
|
PAN No.: |
AAIPM2998K |
|
DIN No.: |
00050557 |
|
|
|
|
Name : |
Mr. Harish Ramananda Bhat |
|
Designation : |
Director |
|
Address : |
No. A-1053, |
|
Date of Birth/Age : |
08.11.1962 |
|
Qualification: |
B.E (Hons), PGDM (IIM - Ahmedabad) |
|
Date of Appointment : |
01.08.2013 |
|
PAN No.: |
ABPPB0072K |
|
DIN No.: |
00478198 |
|
|
|
|
Name : |
Mr. Venkataramanan Krishnamoorthy |
|
Designation : |
Director |
|
Address : |
2 D, Polaris Aquila Heights No. 27, HMT Factory, Main Road, Near HMT
School Peenya Plantation b, Bangalore – 560013, Karnataka, India |
|
Date of Birth/Age : |
30.07.1961 |
|
Qualification: |
CA, ICWA |
|
Date of Appointment : |
27.09.2014 |
|
PAN No.: |
AFKPK1718E |
|
DIN No.: |
01728072 |
|
|
|
|
Name : |
Mr. Vivek Chettur Varma |
|
Designation : |
Director |
|
Address : |
1940, 8TH Avenue, West Seattle, Washington – 98119 |
|
Date of Birth/Age : |
03.07.1966 |
|
Qualification: |
Graduate |
|
Date of Appointment : |
23.07.2012 |
|
DIN No.: |
05142770 |
|
|
|
|
Name : |
Mr. John Winchester Culver |
|
Designation : |
Director |
|
Address : |
17087, SE 65th Place, Bellevue, Washington - 98006 |
|
Qualification: |
Graduate |
|
Date of Birth/Age : |
07.08.1960 |
|
Date of Appointment : |
23.07.2012 |
|
DIN No.: |
05142778 |
|
|
|
|
Name : |
Mr. Mark Ring Winslow |
|
Designation : |
Director |
|
Address : |
Apartment 21B Harston, The Repulse Bay, 109 Repulse Bay Road, Hong Kong, Na, Hong Kong |
|
Date of Appointment : |
17.04.2015 |
|
DIN No.: |
07132926 |
KEY EXECUTIVES
|
Name : |
Ms. Payal Rajendra Agarwal |
|
Designation : |
Company Secretary |
|
Address : |
M-415, Poonam Complex, 84 Shantipark, Faiz 3, Poonam Complex, Mira Road
(Purv) Bhainder, Thane – 401107, Maharashtra, India |
|
Date of Birth/Age : |
21.02.1982 |
|
Date of Appointment : |
21.07.2014 |
|
PAN No.: |
AGYPA7582K |
|
|
|
|
Name : |
Mr. Nikhil Rajendra Chandarana |
|
Designation : |
Chief Financial Officer |
|
Address : |
Kashyap, 5-8-57/D, Nampally |
|
Date of Appointment : |
25.07.2017 |
|
PAN No.: |
AAUPC0441R |
MAJOR SHAREHOLDERS
AS ON 14.07.2017
|
Names of Shareholders |
|
No. of Shares |
|
Tata Global Beverages Limited |
|
189999994 |
|
Emerald City C. V. |
|
190000000 |
|
Venkataramanan Krishnamoorthy |
|
01# |
|
Madan Rao Venkatramana |
|
01# |
|
Avijit Sengupta |
|
01# |
|
Promod M. S. |
|
01# |
|
Mahapatra S. Prabal |
|
01# |
|
Lodhger Ibrahim |
|
01# |
|
Total |
|
380000000 |
# Note: Tata Global Beverages Limited holds the beneficial interest in shares held by Venkataramanan Krishnamoorthy, Madan Rao Venkatramana, Avijit Sengupta, Promod M. S., Mahapatra S. Prabal and Lodhger Ibrahim
AS ON 14.07.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Public/Other than promoters -[Bodies corporate] |
99.99999842 |
|
Promoters – [Other
- Registered Holder] |
0.00000158 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in operating cafes in India under
the brand name of "Starbucks". [Registered Activity] |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
“Starbucks” |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
Sucheta Bhawan, 11, Avishnu Digambar Marg, New Delhi – 110002, India |
|
PAN No.: |
AAEPF3641G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives: |
|
CAPITAL STRUCTURE
AFTER 14.07.2017
Authorised Capital : INR 4100.000 Million
Issued, Subscribed & Paid-up Capital : INR 4000.000 Million
AS ON 14.07.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
410000000 |
Equity Shares |
INR 10/- each |
INR 4100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
380000000 |
Equity Shares |
INR 10/- each |
INR 3800.000 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 |
3800.000 |
3560.000 |
3000.000 |
|
(b) Reserves and Surplus |
(1870.238) |
(1536.115) |
(1134.653) |
|
(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) |
1929.762 |
2023.885 |
1865.347 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
26.697 |
22.093 |
19.656 |
|
Total Non-current
Liabilities (3) |
26.697 |
22.093 |
19.656 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
219.314 |
226.597 |
159.187 |
|
(c) Other
current liabilities |
242.745 |
160.720 |
189.251 |
|
(d) Short-term
provisions |
7.445 |
4.243 |
5.575 |
|
Total Current
Liabilities (4) |
469.504 |
391.560 |
354.013 |
|
|
|
|
|
|
TOTAL |
2425.963 |
2437.538 |
2239.016 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1168.812 |
1274.050 |
1314.356 |
|
(ii)
Intangible Assets |
114.154 |
93.848 |
87.557 |
|
(iii) Tangible assets
capital work-in-progress |
184.959 |
164.181 |
148.054 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
280.773 |
285.689 |
251.453 |
|
(e) Other
Non-current assets |
6.683 |
5.781 |
5.501 |
|
Total Non-Current
Assets |
1755.381 |
1823.549 |
1806.921 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
232.367 |
171.781 |
67.470 |
|
(b)
Inventories |
243.451 |
281.893 |
242.730 |
|
(c) Trade
receivables |
0.000 |
0.000 |
0.000 |
|
(d) Cash and
bank balances |
23.836 |
22.934 |
78.895 |
|
(e)
Short-term loans and advances |
152.111 |
126.546 |
36.365 |
|
(f) Other
current assets |
18.817 |
10.835 |
6.635 |
|
Total
Current Assets |
670.582 |
613.989 |
432.095 |
|
|
|
|
|
|
TOTAL |
2425.963 |
2437.538 |
2239.016 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2671.596 |
2347.636 |
1689.231 |
|
|
Other Income |
50.862 |
34.783 |
22.793 |
|
|
TOTAL |
2722.458 |
2382.419 |
1712.024 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
829.659 |
913.291 |
717.870 |
|
|
Employee benefit expense |
565.535 |
486.354 |
406.562 |
|
|
Other expenses |
1387.227 |
1125.849 |
873.031 |
|
|
TOTAL |
2782.421 |
2525.494 |
1997.463 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
(59.963) |
(143.075) |
(285.439) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.287 |
0.717 |
3.550 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(60.250) |
(143.792) |
(288.989) |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
262.337 |
257.671 |
181.318 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(322.587) |
(401.463) |
(470.307) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.083 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
(322.587) |
(401.463) |
(470.390) |
|
|
|
|
|
|
|
|
TOTAL PROFIT /
(LOSS) FOR PERIOD BEFORE MINORITY INTEREST |
(322.587) |
(401.463) |
(470.390) |
|
|
|
|
|
|
|
|
Share of profit
(loss) of associates |
1.671 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL PROFIT (LOSS)
FOR PERIOD |
(324.258) |
(401.463) |
(470.390) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
(0.86) |
(1.20) |
(1.84) |
|
|
Diluted |
(0.86) |
(1.20) |
(1.84) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Net cash flows from (used in) operations |
(37.127) |
(132.346) |
(351.032) |
|
Net cash flows from (used in) operating activities |
(34.180) |
(132.979) |
(347.310) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income /
Sunday Debtors) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
96.48 |
90.56 |
80.94 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
(0.25) |
(0.51) |
(1.18) |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
(0.04) |
(0.09) |
(0.18) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.19 |
0.16 |
0.16 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.24 |
0.19 |
0.19 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.76 |
0.76 |
0.83 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
(208.93) |
(199.55) |
(80.41) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT
/ Sales) * 100] |
% |
(12.14) |
(17.10) |
(27.85) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(13.37) |
(16.47) |
(21.01) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(16.80) |
(19.84) |
(25.22) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.43 |
1.57 |
1.22 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.91 |
0.85 |
0.53 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.80 |
0.83 |
0.83 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.43 |
1.57 |
1.22 |
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 |
3000.000 |
3560.000 |
3800.000 |
|
Reserves & Surplus |
(1134.653) |
(1536.115) |
(1870.238) |
|
Net
worth |
1865.347 |
2023.885 |
1929.762 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current maturities of
long-term debts |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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 |
1689.231 |
2347.636 |
2671.596 |
|
|
|
38.977 |
13.799 |
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 |
1689.231 |
2347.636 |
2671.596 |
|
Profit/ (Loss) |
(470.390) |
(401.463) |
(324.258) |
|
|
(27.85%) |
(17.10%) |
(12.14%) |
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 |
No |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last 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 |
GENERAL INFORMATION
The Company is a 50:50 Joint Venture between Tata Global Beverages Limited and Emerald City CV (a wholly owned entity of Starbucks Corporation, USA). The Company was incorporated on September 30, 2011. The Company is engaged in operating cafes in India under the brand name of "Starbucks".
These financial statements were authorized for issue by the board of directors on May 16, 2017.
FUTURE PROSPECTS:
As at 31st March 2017, the Company has 91 operational Stores with presence in 7 cities. The Company intends to expand its position by improving sales in existing stores and by adding new stores.
INDEX OF CHARGE: NO
CHARGES EXISTS FOR COMPANY
FIXED ASSETS:
Tangible Assets
- Plant and equipment
- Furniture and fixtures
- 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,
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 66.70 |
|
|
1 |
INR 93.14 |
|
Euro |
1 |
INR 81.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
BHG |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.