|
|
|
MIRA INFORM REPORT
|
Report No. : |
505842 |
|
Report Date : |
27.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
MEGHMANI LLP |
|
|
|
|
Registered
Office : |
11th Floor, 'JMC' House, |
|
Tel. No.: |
91-9099949213 (Mr. Vijay) |
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|
Country : |
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Financials (as
on) : |
31.03.2017 |
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|
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Date of Incorporation
: |
31.03.2010 |
|
|
|
|
LLPIN No: |
AAA-1055 |
|
|
|
|
Total
Obligation of Contribution: |
INR 0.100 Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
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|
|
|
Legal Form : |
Limited Liability Partnership |
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|
|
Line of Business
: |
Manufacturer of Coke, Refined Petroleum Products and
Nuclear Fuel. [Registered
Activity] |
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|
|
|
No. of Employees
: |
15 (Approximately) |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
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|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Meghmani Limited Liability partnership firm is the part of “Meghmani
Group”. The subject was established in the year 2010. It is a manufacturer of Coke, Refined Petroleum products and Nuclear
Fuel. Mr. Vijay (Account Department) has provided general information about
the subject to us. For the financial year 2017, the revenue if the subject has increased
by 10.37% along with decent profit margin of 9.53%. The sound financial profile of the subject is marked by healthy
capital base along with negligible debt level. However, these rating strength are partially offset by large working
capital requirement, susceptibility of operating margin to volatility in raw
material prices. Business is active. Payment seems to be regular. In view of aforesaid, the subject 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) |
|
|
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 |
CRISIL |
|
Rating |
Long Term = A- |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
12.10.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term = A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
12.10.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
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 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 PARTED BY (GENERAL INFORMATION)
|
Name : |
Mr. Vijay |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-9099949213 |
|
Date : |
25.04.2018 |
LOCATIONS
|
Registered Office / Corporate Office : |
11th Floor, 'JMC' House, |
|
Tel. No.: |
91-79-32911289 / 32911290 |
|
Mobile No.: |
91-9099949213 (Mr. Vijay) |
|
Fax No.: |
91-79-40030263 |
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E-Mail : |
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|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory : |
Plot No.Ch-3, GIDC Industrial Estate, Dahej, Taluka Vagre,
District Bharuch-392130, |
PARTNERS
As on 31.03.2017
|
Name : |
Mr. Kaushal Ashishbhai Soparkar |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Designated Partner |
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|
Address : |
246-A-Lane-13, Satyagrah Chhavani, Satelite, Ahmedabad – 380015, |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
31.03.2010 |
||||||||||||||||||||||||||||||||||||
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DPIN No.: |
01998162 |
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Other Directorship:
|
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||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Maulik Jayantibhai Patel |
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Designation : |
Designated Partner |
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|
Address : |
Bungalow 359, Lane No.18, Satyagrah Chhavani Satellite, Ahmedabad –
380012, |
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|
Date of Appointment : |
31.03.2010 |
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DPIN No.: |
02006947 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Vijay |
|
Designation : |
Accounts Department |
CONTRIBUTION DETAILS
As on 31.03.2017
|
Names of Shareholders |
|
Obligation
of Contribution |
|
|
|
(INR In Million) |
|
Kaushal Ashishbhai Soparkar |
|
0.050 |
|
Maulik Jayantbhai Patel |
|
0.050 |
|
Total |
|
0.100 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Coke, Refined Petroleum Products and
Nuclear Fuel. [Registered
Activity] |
|
|
|
|
Products : |
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|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
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|
|
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Exports : |
Not Divulged |
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|
|
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Imports : |
Not Divulged |
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|
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Terms : |
|
|
Selling : |
Advance Payment, L/C and Credit (90 Days), RTGS |
|
|
|
|
Purchasing : |
Advance Payment, L/C and Credit (90 Days), RTGS |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
15 (Approximately) |
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|
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Bankers : |
|
||||||||||||||||||||||
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|
|
|
Auditors : |
|
|
Name : |
Patel and Khandelwala Chartered Accountants |
|
Address : |
Hrishikesh, 2nd Floor, Vasantbaug Society, Ahmedabad – 380006,
Gujarat, India |
|
Tel. No.: |
91-79-26306530 |
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E-Mail : |
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|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2017
Total Obligation of
Contribution: INR 0.100 Million
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
CONTRIBUTION AND
LIABILITIES |
|
|
|
|
|
1] Contribution
Received |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1020.033 |
918.535 |
455.873 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1020.133 |
918.635 |
455.973 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
109.183 |
149.643 |
557.727 |
|
|
2] Unsecured Loans |
2.912 |
21.082 |
44.089 |
|
|
TOTAL LOANS |
112.095 |
170.725 |
601.816 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1132.228
|
1089.360 |
1057.789 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
722.188 |
703.695 |
809.483 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
182.829 |
169.634 |
160.351 |
|
|
Sundry Debtors |
607.347 |
514.651 |
394.028 |
|
|
Cash & Bank Balances |
5.224 |
14.307 |
13.123 |
|
|
Loan and Advances |
0.000 |
2.716 |
0.000 |
|
|
Other current Assets |
161.959 |
78.042 |
12.981 |
|
Total
Current Assets |
957.359 |
779.350 |
580.483 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
377.320 |
299.383 |
307.469 |
|
|
Current Liabilities |
151.467 |
80.612 |
24.708 |
|
|
Provision |
18.532 |
13.690 |
0.000 |
|
Total
Current Liabilities |
547.319 |
393.685 |
332.177 |
|
|
Net Current Assets |
410.040 |
385.665 |
248.306 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1132.228 |
1089.360 |
1057.789 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1685.082 |
1526.765 |
1079.161 |
|
|
Other Income |
1.966 |
1.886 |
3.435 |
|
|
TOTAL
|
1687.048 |
1528.651 |
1082.596 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
1083.711 |
976.766 |
868.191 |
|
|
Purchases made for re-sale |
30.003 |
(15.066) |
0.000 |
|
|
Consumption of stores and
spare parts |
5.639 |
5.247 |
4.414 |
|
|
Power and fuel |
26.523 |
26.525 |
15.522 |
|
|
Administrative expenses |
10.340 |
44.556 |
60.217 |
|
|
Personal Expenses |
49.668 |
44.419 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.000 |
0.000 |
(90.198) |
|
|
Payment to auditors |
0.310 |
0.250 |
0.290 |
|
|
Selling expenses |
13.833 |
12.211 |
6.885 |
|
|
Insurance expenses |
1.887 |
1.647 |
1.378 |
|
|
Other expenses |
126.557 |
133.864 |
77.053 |
|
|
TOTAL |
1348.471 |
1230.419 |
943.752 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
338.577 |
298.232 |
138.844 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
44.284 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
338.577 |
298.232 |
94.560 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
99.137 |
113.268 |
99.289 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
239.440 |
184.964 |
(4.729) |
|
|
|
|
|
|
|
Less |
TAX |
78.741 |
58.902 |
2.034 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
160.699 |
126.062 |
(6.763) |
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 |
NA |
|
Net cash flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
131.56 |
123.04 |
133.27 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
2.77 |
2.97 |
2.74 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
123.66 |
113.63 |
129.26 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.85 |
1.76 |
0.87 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.47 |
0.42 |
0.17 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.39 |
0.38 |
0.67 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.11 |
0.19 |
1.32 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.54 |
0.45 |
0.83 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.71 |
0.77 |
1.78 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
0.00 |
0.00 |
3.14 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
9.54 |
8.26 |
-0.63 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
9.57 |
8.50 |
-0.49 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
15.75 |
13.72 |
-1.48 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.74 |
1.88 |
1.54 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
1.41 |
1.47 |
1.12 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.61 |
0.62 |
0.33 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1120.95 |
1707.25 |
6018.16 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.74 |
1.88 |
1.54 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Contribution Received |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
455.873 |
918.535 |
1020.033 |
|
Net
worth |
455.973 |
918.635 |
1020.133 |
|
|
|
|
|
|
Secured Loan |
557.727 |
149.643 |
109.183 |
|
Unsecured Loan |
44.089 |
21.082 |
2.912 |
|
Total
borrowings |
601.816 |
170.725 |
112.095 |
|
Debt/Equity
ratio |
1.320 |
0.186 |
0.110 |
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
|
1079.161 |
1526.765 |
1685.082 |
|
|
|
41.477 |
10.369 |
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
|
1079.161 |
1526.765 |
1685.082 |
|
Profit |
(6.763) |
126.062 |
160.699 |
|
|
(0.63%) |
8.26% |
9.54% |
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 |
Yes |
|
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 |
Yes |
|
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
M04126447 |
100016678 |
HDFC BANK LIMITED |
23/12/2015 |
20/09/2016 |
- |
475000000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARG LOWER PAREL WEST MUMBAI – 400013, MAHARASHTRA, INDIA |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
|
|
FIXED ASSETS
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 66.82 |
|
|
1 |
INR 93.16 |
|
Euro |
1 |
INR 81.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
TJL |
|
|
|
|
Analysis Done by
: |
VRS |
|
|
|
|
Report Prepared
by : |
SUJ |
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.