|
|
|
MIRA INFORM REPORT
|
Report No. : |
506108 |
|
Report Date : |
27.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
BEST CROP SCIENCE LLP |
|
|
|
|
Formerly Known
As : |
BEST CROP SCIENCE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
S-1A, Second Floor, Bhagwan Dass Nagar East, Punjabi Bagh, New Delhi-110026 |
|
Mob. No.: |
91-11-45803333 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
24.08.2015 |
|
|
|
|
Total Obligation
of Contribution : |
INR 65.000 Million |
|
|
|
|
LLPIN : |
AAE-6156 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
09AAPFB4283M1ZS |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAPFB4283M |
|
|
|
|
Legal Form : |
Limited Liability Partnership Firm |
|
|
|
|
Line of Business
: |
Manufacturing and Trading of Pesticides. [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 243900 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was originally incorporated in the year 2009 as private limited company and later in the year 2015 it got converted into limited liability partnership concern. It is engaged as manufacturer and trader of pesticides. Mr. Raman (Accounts Department) denied to provide any information. As per the financial record of March 2017, the concern has achieved decent revenue of INR 711.25 from its first year of its business operation since its conversion, as it has started its business activity in the year 2016 and has clocked an average profit margin of 3.06%. Rating takes into consideration, the satisfactory financial risk profile marked by sufficient capital base and average debt coverage indicators. However, rating strength gets partially offset by its short track record of its business operation and its presence in highly competitive pesticide market. Payment seems to be slow but correct. In view of aforesaid, the concern can be considered for business dealing 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) |
|
|
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
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
31-03-2016.
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 27.04.2018
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 DECLINED BY
|
Name : |
Mr. Ramesh |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-11-45803333 |
|
Date : |
26.04.2018 |
LOCATIONS
|
Registered Office : |
S-1A, Second Floor, Bhagwan Dass Nagar East, Punjabi Bagh,
New Delhi-110026, |
|
Tel. No.: |
91-11-45803333 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Factory : |
Plot No C-6, C-7&C-8, Upsidc, Industrial Area, Gajraula, Amroha
(Jyotoba Phule Naga) -244221, |
PARTNERS
AS ON 31.03.2017
|
Name : |
Mr. Vimal Kumar |
|
Designation : |
Designated Partner |
|
Address : |
D-22, 3rd Floor, Bhagwan Dass Nagar East, Punjabi Bagh,
Delhi-110026, |
|
Date of Appointment : |
10.12.2015 |
|
DPIN No.: |
01260082 |
|
|
|
|
Name : |
Mr. Raj Kumar |
|
Designation : |
Designated Partner |
|
Address : |
14,New Anaj Mandi Mandi Adampur, Hisar-125052, |
|
Date of Appointment : |
24.08.2015 |
|
DPIN No.: |
02793669 |
|
|
|
|
Name : |
Mr. Gaurav Sharma |
|
Designation : |
Designated Partner |
|
Address : |
Wz-5a Manohar Park East, Punjabi Bagh, New Delhi-110026, |
|
Date of Appointment : |
24.08.2015 |
|
DPIN No.: |
06531102 |
KEY EXECUTIVES
|
Name : |
Mr. Ramesh |
|
Designation : |
Accounts Department |
CONTRIBUTION DETAILS
|
Names of Persons |
INR in Million |
|
Gaurav Sharma |
1.500 |
|
Raj Kumar |
6.000 |
|
Vimal Kumar |
57.500 |
|
|
|
|
Total |
65.000 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Trading of Pesticides. [Registered Activity] |
|
|
|
|
Products/ Services : |
Pesticides |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
· Kaiser Industries Limited Saksham Containers Private Limited U. Like Chemical Co. Limited Supreme Surfactants Private Limited Sidhivinayak Chemtech Private Limited PTG Technopak Private Limited |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Customers : |
· Biostadt India Limited Shivalik Crop science Private Limited Thakar Chemicals Limited Safex Chemicals India Limited Monsoon Agro Chemicals Private Limited Best Agrochem Private Limited |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
· Punjab National Bank Bo Pitampura, |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
SHPH and Associates Chartered Accountants |
|
Address : |
N-44 G.F. Kirti Nagar, New Delhi-110015, |
|
Mobile No.: |
91-9811194556 |
|
E-Mail : |
|
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
PARTNER’S
|
PARTICULARS |
INR IN MILLION |
|
Mr. Vimal Kumar |
|
|
Opening |
0.070 |
|
Addition During the year |
57.430 |
|
|
----------- |
|
Closing |
57.500 |
|
|
|
|
Mr. Raj Kumar |
|
|
Opening |
0.020 |
|
Addition During the year |
5.980 |
|
|
----------- |
|
Closing |
6.000 |
|
|
|
|
Mr. Gaurav Sharma |
|
|
Opening |
0.010 |
|
Addition During the year |
1.490 |
|
|
----------- |
|
Closing |
1.500 |
|
|
----------- |
|
Total |
65.000 |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2017 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Partners Capital Account |
|
|
65.000 |
|
(b) Reserves & Surplus |
|
|
20.376 |
|
|
|
|
|
|
Total
Shareholders’ Funds (1) + (2) |
|
|
85.376 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
|
233.571 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.000 |
|
(c)
Other long term liabilities |
|
|
0.000 |
|
(d)
long-term provisions |
|
|
0.000 |
|
Total
Non-current Liabilities (3) |
|
|
233.571 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
|
12.222 |
|
(b)
Trade payables |
|
|
208.667 |
|
(c)
Other current liabilities |
|
|
9.211 |
|
(d)
Short-term provisions |
|
|
0.000 |
|
Total
Current Liabilities (4) |
|
|
230.100 |
|
|
|
|
|
|
TOTAL |
|
|
549.047 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
|
177.464 |
|
(ii)
Intangible Assets |
|
|
0.000 |
|
(iii)
Capital work-in-progress |
|
|
24.306 |
|
(iv) Intangible assets under development |
|
|
0.000 |
|
(b) Non-current
Investments |
|
|
0.000 |
|
(c) Deferred tax assets
(net) |
|
|
0.000 |
|
(d) Long-term Loan
and Advances |
|
|
23.272 |
|
(e)
Other Non-current assets |
|
|
0.000 |
|
Total
Non-Current Assets |
|
|
225.042 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
|
39.680 |
|
(b)
Inventories |
|
|
123.622 |
|
(c)
Trade receivables |
|
|
137.439 |
|
(d)
Cash and cash equivalents |
|
|
0.473 |
|
(e)
Short-term loans and advances |
|
|
0.000 |
|
(f)
Other current assets |
|
|
22.791 |
|
Total
Current Assets |
|
|
324.005 |
|
|
|
|
|
|
TOTAL |
|
|
549.047 |
|
SOURCES OF FUNDS |
|
|
31.03.2016 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Capital Account |
|
|
0.100 |
|
|
2] Reserves & Surplus |
|
|
(1.341) |
|
|
NETWORTH |
|
|
(1.241) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
234.172 |
|
|
2] Unsecured Loans |
|
|
52.800 |
|
|
TOTAL BORROWING |
|
|
286.972 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
285.731 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
4.186 |
|
|
Capital work-in-progress |
|
|
172.521 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
1.877 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
104.878 |
|
|
Other Current Assets |
|
|
0.667 |
|
|
Loans & Advances |
|
|
3.097 |
|
Total
Current Assets |
|
|
108.642 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
1.434 |
|
|
Other Current Liabilities |
|
|
0.061 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
1.495 |
|
|
Net Current Assets |
|
|
107.147 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
285.731 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2017 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
|
|
711.245 |
|
|
|
Other Income |
|
|
8.548 |
|
|
|
TOTAL |
|
|
719.793 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
|
|
733.980 |
|
|
|
Changes in inventories |
|
|
(123.622) |
|
|
|
Employees benefits expense |
|
|
12.564 |
|
|
|
Other expenses |
|
|
27.684 |
|
|
|
TOTAL |
|
|
650.606 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
|
69.187 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
26.705 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
42.482 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
7.811 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
|
34.671 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
12.939 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
|
21.732 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Current Maturities of Long term debt |
|
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
|
NA |
NA |
|
|
|
|
|
|
Net Cash flow from (used in) Operations |
|
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
|
70.53 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
|
5.17 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
|
103.77 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
|
0.56 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
|
0.34 |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
|
0.84 |
1.00 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
|
2.88 |
(231.24) |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
|
2.70 |
(43.75) |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
|
2.36 |
(142.39) |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
|
2.59 |
26.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
|
3.06 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
|
3.96 |
0.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
|
25.45 |
(4.03) |
SOLVENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current
Assets / Current Liabilities) |
|
1.41 |
2.00 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
|
0.87 |
2.00 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
|
0.16 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
|
3.78 |
2869.72 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
|
1.41 |
2.00 |
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 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Partner’s Capital Account |
0.100 |
65.000 |
|
Reserves & Surplus |
(1.341) |
20.376 |
|
Net
worth |
(1.241) |
85.376 |
|
|
|
|
|
long-term borrowings |
234.172 |
233.571 |
|
Short term borrowings |
52.800 |
12.222 |
|
Total
borrowings |
286.972 |
245.793 |
|
Debt/Equity
ratio |
(231.243) |
2.879 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Sales |
0.000 |
711.245 |
|
|
|
|
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Sales |
0.000 |
711.245 |
|
Profit |
0.050 |
21.732 |
|
|
|
3.06% |
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 |
No |
|
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 |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
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 two years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last two 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 |
INDEX OF CHARGES:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
M01039189 |
100023709 |
PUNJAB NATIONAL BANK |
29/12/2015 |
- |
- |
288600000.0 |
BO PITAMPURA NEW DELHI North West DL 110034 IN |
UNSECURED LOANS
|
PARTICULARS |
|
31.03.2017 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Bhagwani |
|
2.000 |
|
Chabil Dass Ranvir Singh |
|
2.734 |
|
Geeta Rani |
|
2.500 |
|
Geeta W/O Kartar |
|
0.510 |
|
Gourav Sharma |
|
0.050 |
|
Gourav S/O Kartar |
|
2.921 |
|
Kamal Kumar |
|
1.500 |
|
Kartar Singh |
|
3.500 |
|
Nalini Kanti Satpathy |
|
0.455 |
|
Om prakash |
|
9.000 |
|
Radhe Krishna |
|
16.100 |
|
Rajender Kumar S/O Lokram |
|
0.957 |
|
Raj Kumar Alawadhi |
|
0.150 |
|
Raj Narang |
|
1.500 |
|
Ranjana Madaan |
|
2.700 |
|
Ravi Crop Science Security |
|
29.200 |
|
Sadanand Naresh Kumar |
|
1.140 |
|
Sai Sales Corporation |
|
5.500 |
|
Subhash Chander Harish Kumar |
|
7.867 |
|
Vijay Kumar Munish Kumar |
|
0.300 |
|
Virender Singh Kasnia |
|
0.800 |
|
Vimal Kumar |
|
4.810 |
|
|
|
|
|
Total |
|
96.194 |
CORPORATE INFORMATION
Best Crop Science LLP (Formally known as Best Crop Science Private Limited) is a Limited Liability Partnership, Reg under the Liability Partnership Act, 2008. The Conversion of said LLP into LLP was carries on 24.08.2015.
FIXED ASSETS:
Tangible Assets
· Boiler
Grease
Anifriction
Chimney
and Cyclone
Vehicles
Phone
Weighting
Scale
Machinery
Battery
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
|
Indian Rupees |
|
US Dollar |
1 |
INR 66.83 |
|
UK Pound |
1 |
INR 93.17 |
|
Euro |
1 |
INR 81.38 |
INFORMATION DETAILS
|
Information Gathered
by : |
AKY |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
IND |
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.