|
|
|
MIRA INFORM REPORT
|
Report No. : |
506335 |
|
Report Date : |
30.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
LANSUM ESTATES LLP |
|
|
|
|
Registered
Office : |
8-2-293/82/JIII/283, Plot No.283, Road No.78, Jubilee Hills, |
|
Tel. No.: |
91-891-2550215 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
28.08.2012 |
|
|
|
|
Total Obligation of Contribution : |
INR 73.992 Million |
|
|
|
|
LLPIN No.: |
AAB-0889 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Limited Liability Partnership |
|
|
|
|
Line of Business
: |
Construction
and real estate activity. [Registered Activity] |
|
|
|
|
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 : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established in the year 2012. It is engaged in the
business of construction. The subject has not earned income from its operations during the year
under the review. The overall financial position of the Subject seems to be moderate
marked by high debt balance sheet profile. No payment terms are known. In view of aforesaid, the subject can be considered for business
dealings on safe and secured trade terms and condition. |
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
31-03-2018.
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 30.04.2018
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 BY
|
Name : |
Mr. Chandrashekhar |
|
Designation : |
Marketing Department |
|
Contact No.: |
91-891-2550215 |
|
Date : |
26.04.2018 |
91-40-23125666 / 91-891-2555769 / 91-891-2722768 / 91-891-2780134 - Continuously Ringing
LOCATIONS
|
Registered Office : |
8-2-293/82/JIII/283, Plot No.283, Road No.78, Jubilee Hills, |
|
Tel. No.: |
91-891-2550215 / 2555769 / 2722768 / 2780134 / 91-40-23125666 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Site Office : |
D.No.51-1-1, |
|
|
|
|
Marketing Office : |
D.No.50-40-17/C, TPT Colony, Seethammadhara, |
PARTNERS
AS ON 31.03.2018
|
Name : |
Gottumukkala Satyanarayana Raju |
|
Designation : |
Designated Partner |
|
Address : |
4-13-6/7, Seethammadhara, |
|
Date of Appointment : |
29.08.2012 |
|
DPIN No.: |
01863513 |
|
|
|
|
Name : |
Kunapareddy Umesh |
|
Designation : |
Designated Partner |
|
Address : |
19 Palm County, Dargah Hussain Sahi Wali P O Golconda, |
|
Date of Birth/Age : |
07.07.1957 |
|
Date of Appointment : |
28.08.2012 |
|
DPIN No.: |
02808081 |
|
|
|
|
Name : |
Kunapareddy Lakshmi |
|
Designation : |
Designated Partner |
|
Address : |
19, Palm Country, S.No. 10 & 11, Dargah Hussain
Shahwali, Serilingampally Municipality, Rangareddy District -530008,
Telangana, India |
|
Date of Birth/Age : |
14.08.1959 |
|
Date of Appointment : |
28.08.2012 |
|
DPIN No.: |
03382715 |
|
|
|
|
Name : |
Ramakrishna Raju Dantuluri |
|
Designation : |
Partner |
|
Address : |
Flat No.C-304, Maurya Gardens, Thotapalem, Behind Aims Concept School, Vizianagaram -535002, Andhra Pradesh, India |
|
Date of Appointment : |
29.08.2012 |
|
DPIN No.: |
06360822 |
|
|
|
|
Name : |
Kousalya Sriparvastu |
|
Designation : |
Partner |
|
Address : |
Flat No.406, Plot No.10, Mayuri Manasa, Krilampudi Layout, Visakhapatnam -530014, Andhra Pradesh, India |
|
Date of Appointment : |
29.08.2012 |
|
DPIN No.: |
06360085 |
|
|
|
|
Name : |
Pesaladinne Mallikarjuna Reddy |
|
Designation : |
Partner |
|
Address : |
C/O. Villa No.24, Near O.U. Colony, Manikonda,
Puppalaguda, Rangareddy -500089, |
|
Date of Appointment : |
31.10.2013 |
|
DPIN No.: |
02731758 |
|
|
|
|
Name : |
Soma Brahmam Mothukuri |
|
Designation : |
Partner |
|
Address : |
Flat No.402, |
|
Date of Appointment : |
29.08.2012 |
|
DPIN No.: |
02554271 |
|
|
|
|
Name : |
Vishnu Vandana Pillala |
|
Designation : |
Partner |
|
Address : |
7-18-6/1, F.No.101, Fair Field Sapartment, Kirlampudi Layout, China-Waltair, Vizag -530003, Andhra Pradesh, India |
|
Date of Appointment : |
29.08.2012 |
|
DPIN No.: |
01863351 |
|
|
|
|
Name : |
Nagendra Rao Mogala |
|
Designation : |
Partner |
|
Address : |
50-21-5, TPT Colony, Seethammadhara, |
|
Date of Appointment : |
29.08.2012 |
|
DPIN No.: |
01720866 |
|
|
|
|
Name : |
Tirumala Prasad Siripurapu |
|
Designation : |
Partner |
|
Address : |
Plot No.163, New MLA/MPS Colony, Jubilee Hills, |
|
Date of Appointment : |
29.08.2012 |
|
DPIN No.: |
00118894 |
|
|
|
|
Name : |
Dhanalakshmi Siripurapu |
|
Designation : |
Partner |
|
Address : |
Plot No.163, New MLA/MPS Colony, Jubilee Hills, |
|
Date of Appointment : |
29.08.2012 |
|
DPIN No.: |
00099953 |
|
|
|
|
Name : |
Lakshmi Kunapareddy |
|
Designation : |
Partner |
|
Address : |
19, Palm Country, S.No. 10 & 11, Dargah Hussain Shahwali, Serilingampally Municipality, Rangareddy District -530008, Andhra Pradesh, India |
|
Date of Appointment : |
28.08.2012 |
|
DPIN No.: |
03382715 |
KEY EXECUTIVES
|
Name : |
Mr. Chandrashekhar |
|
Designation : |
Marketing Department |
OBLIGATION DETAILS
AS ON 2017
|
Name of Persons |
Amount in
Million |
|
Ramakrishna Raju Dantuluri |
1.800 |
|
Kousalya Sriparvastu |
1.800 |
|
Pesaladinne Mallikarjuna Reddy |
4.800 |
|
Soma Brahmam Mothukuri |
7.200 |
|
Vishnu Vandana Pillala |
5.400 |
|
Nagendra Rao Mogala |
2.100 |
|
Tirumala Prasad Siripurapu |
4.800 |
|
Dhanalakshmi Siripurapu |
4.800 |
|
Lakshmi Kunapareddy |
4.200 |
|
Umesh Kunapareddy |
2.100 |
|
Satyanarayana Raju Gottumukkala |
8.400 |
|
Lansum Properties LLP |
12.600 |
|
|
|
|
Total |
60.000 |
BUSINESS DETAILS
|
Line of Business : |
Construction
and real estate activity. [Registered Activity] |
|
|
|
|
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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No. of Employees : |
Information denied by the management |
||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
JRS and Associates Chartered Accountants |
|
Address : |
#10-5-7, |
|
Tel. No.: |
91-891-6461847 |
|
Mobile No.: |
91-9959655669 / 9666827111 / 9959365705 |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2017
PARTNER’S FIXED CAPITAL
|
Particulars |
Amount in
Million |
|
Dhanalakshmi S. - Capital A/c |
0.600 |
|
D R K Raju - Capital A/c |
1.800 |
|
G Satyanarayana Raju - Capital A/c |
8.400 |
|
Lakshmi K. - Capital A/c |
4.200 |
|
Nagendra Rao M. - Capital A/c |
2.100 |
|
Somabrahmam M. - Capital A/c |
7.200 |
|
S P Kausalya - Capital A/c |
1.800 |
|
S T Prasad - Capital A/c |
4.800 |
|
Umesh K. - Capital A/c |
2.100 |
|
Vishnu Vandana P - Capital A/c |
5.400 |
|
P. Mallikarjuna Reddy - Capital A/c |
4.800 |
|
Lansum Properties LLP |
12.600 |
|
|
|
|
Total |
55.800 |
PARTNER’S FLOATING CAPITAL
|
Particulars |
Amount in Million |
|
D R K Raju |
0.300 |
|
G Satyanarayana Raju |
1.400 |
|
Lakshmi K. |
0.700 |
|
Nagendra Rao M. |
0.350 |
|
Somabrahmam M. |
1.300 |
|
S P Kausalya |
0.300 |
|
S T Prasad |
9.692 |
|
Umesh K. |
0.350 |
|
Vishnu Vandana P |
0.900 |
|
P. Mallikarjuna Reddy |
0.800 |
|
Lansum Properties LLP |
2.100 |
|
|
|
|
Total |
18.192 |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF
FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
EQUITY AND LIABILITIES |
|
|
|
|
|
1] Contribution received |
73.992 |
73.992 |
93.992 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
73.992 |
73.992 |
93.992 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
455.776 |
347.482 |
0.000 |
|
|
2] Unsecured Loans |
237.310 |
237.310 |
227.253 |
|
|
TOTAL
BORROWING |
693.086 |
584.792 |
227.253 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
767.078 |
658.784 |
321.245 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.461 |
2.748 |
3.346 |
|
|
Capital work-in-progress |
3220.026 |
2415.783 |
1514.278 |
|
|
|
|
|
|
|
|
INVESTMENT |
150.000 |
150.000 |
150.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000 |
0.000 |
0.000 |
|
|
Sundry Debtors |
0.000 |
0.000 |
0.000 |
|
|
Cash & Bank Balances |
30.270 |
11.798 |
3.498 |
|
|
Other Current Assets |
64.883 |
25.873 |
7.784 |
|
|
Loans, Advances & deposits |
243.044 |
183.683 |
55.845 |
|
Total Current Assets |
338.197 |
221.354 |
67.127 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
20.393 |
31.565 |
6.944 |
|
|
Other Current Liabilities & Provisions |
2924.612 |
2102.169 |
1409.497 |
|
Total Current Liabilities |
2945.005 |
2133.734 |
1416.441 |
|
|
Net Current
Assets |
(2606.808) |
(1912.380) |
(1349.314) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
1.399 |
2.633 |
2.935 |
|
|
|
|
|
|
|
|
TOTAL |
767.078 |
658.784 |
321.245 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
0.000 |
0.000 |
0.000 |
|
|
Other Income |
2.248 |
2.589 |
1.610 |
|
|
TOTAL |
2.248 |
2.589 |
1.610 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Closing work-in-progress |
(3220.026) |
(2415.783) |
(1514.277) |
|
|
Opening work-in-progress |
2415.783 |
1514.278 |
765.997 |
|
|
Direct expenses |
736.820 |
868.990 |
734.150 |
|
|
Administrative expenses |
67.763 |
33.970 |
15.735 |
|
|
TOTAL |
0.340 |
1.455 |
1.605 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
1.908 |
1.134 |
0.005 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
0.675 |
0.634 |
0.909 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
1.233 |
0.500 |
(0.904) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.198 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
1.233 |
0.302 |
(0.904) |
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 (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Total Income * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Total Income / Sundry Debtors) |
0.00 |
0.00 |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.98 |
0.97 |
0.95 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
9.37 |
7.90 |
2.42 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
43.01 |
32.04 |
17.49 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
43.55 |
32.69 |
16.15 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Total Income ((PAT
/ Total Income) * 100) |
% |
54.85 |
11.66 |
(56.15) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.03 |
0.01 |
(0.05) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
1.67 |
0.41 |
(0.96) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.11 |
0.09 |
0.04 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.11 |
0.09 |
0.04 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.02 |
0.03 |
0.05 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
9.37 |
7.90 |
2.42 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.11 |
0.09 |
0.04 |
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 |
|
Contribution received |
93.992 |
73.992 |
73.992 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
93.992 |
73.992 |
73.992 |
|
|
|
|
|
|
Secured Loans |
0.000 |
347.482 |
455.776 |
|
Unsecured Loans |
227.253 |
237.310 |
237.310 |
|
Total
borrowings |
227.253 |
584.792 |
693.086 |
|
Debt/Equity
ratio |
2.418 |
7.903 |
9.367 |
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 |
|
Total
Income |
1.610 |
2.589 |
2.248 |
|
|
|
60.807 |
(13.171) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Total
Income |
1.610 |
2.589 |
2.248 |
|
Profit/(Loss) |
(0.904) |
0.302 |
1.233 |
|
|
(56.15%) |
11.66% |
54.85% |
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 |
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
|
|
|
|
From the partners |
231.200 |
231.200 |
|
Others |
6.110 |
6.110 |
|
|
|
|
|
Total |
237.310 |
237.310 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
M05945670 |
100147004 |
Indiabulls Housing Finance Limited |
22/11/2017 |
- |
- |
1200000000.0 |
M - 62 & 63 First Floor, Connaught Place, New Delhi -110001 India |
|
2 |
M05214929 |
10564182 |
State Bank of India |
28/03/2015 |
- |
23/10/2017 |
500000000.0 |
Mid Corporate Group Commercial Branch, 43-29-54/8, Balaji Metro Chambers, Dondaparthy Visakhapatnam -530016, Andhra Pradesh, India |
FIXED ASSETS:
·
Air Conditioner
·
Vehicles
·
Xerox Machine
·
Water Cooler
·
Televisions
·
Computers
·
Printers
·
CC Camera
·
Mobiles
·
Tally Software
·
Micro Software
·
Furniture and Fittings
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 66.78 |
|
|
1 |
INR 92.89 |
|
Euro |
1 |
INR 80.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
NKT |
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.