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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

489211

Report Date :

01.02.2018

 

IDENTIFICATION DETAILS

 

Name :

AADI PROPERTIES LLP

 

 

Registered Office :

Next to Parivar Society, Behind Kanjur East Police Station, Kanjurmarg (East), Mumbai – 400042, Maharashtra

Tel. No.:

91-22-28605055/ 40294029

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

28.10.2013

 

 

Total Obligation Fund :

INR 330.346 million

 

 

LLPIN :

AAB-8434

 

 

IEC No.:

Not Divulged

 

 

TIN No.:

Not Available

 

 

GSTIN :

Not Divulged

 

 

PAN No.:

[Permanent Account No.]

Not Divulged

 

 

Legal Form :

Limited Liability Partnership 

 

 

Line of Business :

Construction activity (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 :

B

 

Credit Rating

Explanation

Rating Comments

B

Medium Risk

Business dealings permissible on a regular monitoring basis

 

Maximum Credit Limit :

USD 944000

 

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject was originally established as private limited company and later got converted into limited liability partnership concern in the year 2013.

 

For the financial year 2017, the company has achieved decent growth in its revenue as compared to its previous year along with fair profit margin during the year.

 

However, the company possesses moderate financial risk profile marked by below average capital base and average debt protection metrics.

 

Rating further gets constrained on account of limited track record of its business operation and slowdown in the infrastructure and real estate sector which may affect the growth of the company.

 

Payments are seems to be slow and correct.

 

In view of aforesaid, the concern can be considered for business dealings with some caution.

 

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

(30.06.2017)

Current Rating

(30.09.2017)

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

Not Available

Rating

Not Available

Rating Explanation

Not Available

Date

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 01.02.2018

 

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

 

Management non-cooperative (Tel No.: 91-22-28605055/ 40294029)

 

LOCATIONS

 

Registered Office :

Next to Parivar Society, Behind Kanjur East Police Station, Kanjurmarg (East), Mumbai – 400042, Maharashtra, India

Tel. No.:

91-22-28605055/ 40294029

Fax No.:

Not Available

E-Mail :

mail@aadiproperties.in

 

http://aadiproperties.in

 

 

PARTNERS

 

As on 2017

 

Name :

Mr. Nitin Chandrakant Patel

Designation :

Designated Partner

Address :

501/37, Prana Shish, Yari Road, Versova, Andheri (West), Mumbai-400061, Maharashtra, India

Date of Appointment :

28.10.2013

DPIN No.:

00447885

Other Directorship :

CIN/FCRN

Company Name

Begin Date

End Date

U45200MH1997PTC110974

LEO INFRASTRUCTURE PRIVATE LIMITED

29/09/1997

-

U45400MH2008PTC179304

AADI PROPERTIES PRIVATE LIMITED

22/02/2008

-

LLPIN/FLLPIN

LLP Name

Begin Date

End Date

AAA-5359

ADINATH LANDSPACE LLP

28/06/2011

-

 

 

Name :

Mr. Prabhatchandra Sawailal Jain

Designation :

Designated Partner

Address :

5th Floor, Plot 43, Hatkesh CHS Limited, N S Road, JVPD Scheme, Vile Parle (West), Mumbai-400056, Maharashtra, India

Date of Appointment :

28.10.2013

DPIN No.:

01803686

Other Directorship :

CIN/FCRN

Company Name

Begin Date

End Date

U36993MH2016PTC284677

SAWAI FRAGRANCES PRIVATE LIMITED

11/08/2016

-

U36949MH2016PTC284335

SAWAI AROMATICS PRIVATE LIMITED

02/08/2016

-

U36998MH2016PTC283094

FRAGRANCE ELEMENTS PRIVATE LIMITED

30/06/2016

-

U45200MH2005PTC152247

PRASHASTI REALTORS PRIVATE LIMITED

17/04/2015

-

U45200MH2005PTC152385

PRASHASTI DEVELOPERS PRIVATE LIMITED

01/05/2006

-

U40300MP2013PTC031968

SHRI DAYODAY URJA EVAM JAIVIK KHAAD PRIVATE LIMITED

18/12/2013

-

U74999PN2013NPL148478

SAMAVASARAN FOUNDATION

16/08/2013

-

U70102MH2013PTC244261

HIGHON BUILDERS PRIVATE LIMITED

11/06/2013

-

U70102MH2013PTC244202

BUILDPOWER ESTATE & CONSTRUCTION PRIVATE LIMITED

08/06/2013

-

U70102MH2012PTC232102

PRASHASTI LANDSPACE PRIVATE LIMITED

13/06/2012

-

U01403MH2012PTC230669

PRASHASTI AGRO FARMS PRIVATE LIMITED

07/05/2012

-

U70100MH2012PTC231922

PRASHASTI PROPERTIES PRIVATE LIMITED

06/06/2012

-

U70102MH2011PTC220276

NAVITA YUKTA REALITY PRIVATE LIMITED

07/11/2016

-

U70102MH2011PTC220270

TUSTI REALITY PRIVATE LIMITED

05/11/2016

-

U70102MH2011PTC216115

PUSHTI REAL ESTATE PRIVATE LIMITED

07/11/2016

-

U24244MH2009PTC195006

PRAGATI PERFUMES PRIVATE LIMITED

25/03/2009

-

U45201MH2008PTC182278

SKYSTAR PROPERTY DEVELOPMENT PRIVATE LIMITED

16/05/2008

-

U45200MH2008PTC182262

SKYSTAR REALTORS PRIVATE LIMITED

16/05/2008

-

U45400MH2008PTC179304

AADI PROPERTIES PRIVATE LIMITED

22/02/2008

-

U74140GJ1997PTC094177

STAR OXOCHEM PRIVATE LIMITED

31/03/2013

-

U29299MH1989PTC053946

PRAGATI AROMA OIL DISTILLERS P LTD

26/08/2009

-

LLPIN/FLLPIN

LLP Name

Begin Date

End Date

AAB-7920

PRASHASTI BUILDERS LLP

01/10/2013

-

AAD-9280

PRASHASTI HOMES LLP

13/05/2015

-

AAD-9269

PRASHASTI INFRATECH LLP

12/05/2015

-

 

 

Name :

Mrs. Chintamani Sawailal Jain 

Designation :

Partner

Address :

Plot No. 71, Abhinav Nagar, Before Kajupada, Borivali (East), Mumbai – 400066, Maharashtra, India

PAN No.:

AAGPJ8985M

 

 

Name :

Mrs. Meena Nitin Patel

Designation :

Partner

Address :

502/1069, Prana Shish, J. P. Road, Opposite Picnic Restaurant, Versova, Andheri (West), Mumbai -400061, Maharashtra, India

PAN No.:

AFPPP8283G

 

 

Name :

Mr. Pushpraj Sawailal Jain

Designation :

Partner

Address :

1st Floor, Plot 43 Hatkesh CHS Limited, N S Road, 6 JVPD Scheme, Vile Parle (West), Mumbai – 400056, Maharashtra

PAN No.:

AACPJ4850D

 

 

Name :

Mr. Pankaj Sawailal Jain

Designation :

Partner

Address :

Floor No 3, Plot No 43, Hatkesh CHS, N .S. Road No 6, JVPD Scheme, Vile Parle (West), Mumbai – 400056, Maharashtra, India

PAN No.:

AAKPJ3258M

 

 

Name :

Mr. Atulkumar Sawailal Jain

Designation :

Partner

Address :

2nd Floor, Plot 43 Hatkesh CHS Limited, N S Road, JVPD Scheme Vile Parle (West), Mumbai-400056, Maharashtra, Maharashtra, India

PAN No.:

AAAPJ8169P

 

 

Name :

Mr. Punit Pankaj Jain

Designation :

Partner

Address :

Flat No 603, 6th Floor, Indra Puri, 6 Jawahar Nagar, S V Road, Goregaon (West), Mumbai – 400062, Maharashtra, India

PAN No.:

ACIPJ0244P

 

 

Name :

Prashasti Developers Private Limited  

Designation :

Partner

 

 

CONTRIBUTION DETAILS

 

As on 2017

 

Names of Person

 

Capital Contribution

Chintamani Sawailal Jain 

 

50000

Punit Pankaj Jain

 

180

Atulkumar Sawailal Jain

 

340

Pankaj Sawailal Jain

 

170

Pushpraj Sawailal Jain

 

350

Meena Nitin Patel

 

50000

Prabhatchandra Sawailal Jain

 

350

Nitin Chandrakant Patel

 

1637350

Prashasti Developers Private Limited  

 

1635960

 

 

3374700

 

Total contribution amount INR In 3.375 million

 

BUSINESS DETAILS

 

Line of Business :

Construction activity (Registered Activity)

 

 

Products/ Services :

Construction

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

 

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

Not Divulged

 

 

Bankers :

Banker Name :

HDFC Bank Limited

Branch :

Not Divulged

Person Name (With Designation) :

 

Contact Number :

 

Name of Account Holder :

 

Account Number :

 

Account Since (Date/Year of Account Opening) :

 

Average Balance Maintained :

 

Credit Facilities Enjoyed (CC/OD/Term Loan) :

 

Account Operation :

 

Remark :

 

 

 

Facilities :

Secured Loan

31.03.2017

(INR in Million)

31.03.2016

(INR in Million)

HDFC Car Loan – Toyota Fortuner

2.948

0.000

Term Loan – Bank of Baroda

250.600

0.600

BMW India Financial Services

3.805

0.000

Total

257.353

0.600

 

Auditors :

 

Name :

Jatin Jain and Associates

Chartered Accountants

Address :

G-1, Ground Floor, Nilan Sagar, Plot No.215, Jawahar Nagar, Road No.3, Goregaon (West), Mumbai – 400104, Maharashtra, India

Tel. No.:

91-22-28781295

E-Mail :

cajjain@gmail.com

Membership No.:

117266

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Divulged

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2017

 

Partners’ Capital Accounts 

Profit Ratio

Opening balance

Additions

Interest

Remuneration

Share of Profit

Gross Total

Withdrawals

Closing Balance

Nitin Chandrakant Patel

48.52

159.196

0.994

--

--

0.820

161.009

0.450

160.559

Prabhatchandra Sawailal Jain

0.01

0.034

--

--

--

0.000

0.034

--

0.034

Pankaj Sawailal Jain

0.01

0.017

--

--

--

0.000

0.017

--

0.017

Pushpraj Sawailal Jain

0.01

0.034

--

--

--

0.000

0.034

--

0.034

Atulkumar Sawailal Jain

0.01

0.033

--

--

--

0.000

0.033

--

0.033

Punit Pankaj Jain

0.01

0.018

--

--

--

0.000

0.018

--

0.018

Meena Nitin Patel

1.48

4.861

--

--

--

0.025

4.886

--

4.886

Chintamani Sawailal Jain

1.48

4.861

--

--

--

0.025

4.886

--

4.886

Prashasti Developers Private Limited  

48.47

159.060

--

--

--

0.819

159.879

--

159.879

Total

 

328.113

0.994

--

--

1.689

330.796

0.450

330.346

 

 

FINANCIAL DATA

[all figures are INR Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2017

31.03.2016

31.03.2015

CONTIBUTIONS AND LIABILITIES

 

 

 

1] Partners Capital

330.346

328.113

327.902

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

330.346

328.113

327.902

LOAN FUNDS

 

 

 

1] Secured Loans

257.253

0.600

0.000

2] Unsecured Loans

399.367

396.293

360.925

TOTAL BORROWING

656.620

396.893

360.925

DEFERRED TAX LIABILITIES

0.000

0.000

0.000

 

 

 

 

TOTAL

986.966

725.006

688.827

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

11.239

2.244

0.669

Capital work-in-progress

0.000

0.000

0.000

 

 

 

 

INVESTMENT

31.115

21.853

0.509

DEFERRED TAX ASSETS

0.000

0.000

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories
1788.861
1106.039
723.986

 

Sundry Debtors
0.000
0.000
0.000

 

Cash & Bank Balances
22.641
6.247
23.009

 

Other Current Assets
12.409
0.000
0.000

 

Loans & Advances
0.164
13.762
3.977

Total Current Assets
1824.075
1126.048
750.972

Less : CURRENT LIABILITIES & PROVISIONS
 
 
 

 

Sundry Creditors
3.307
20.685
4.909

 

Other Current Liabilities and Provisions
876.156
404.555
58.617

Total Current Liabilities
879.463
425.240
63.526

Net Current Assets
944.612
700.808
687.446

 

 

 

 

MISCELLANEOUS EXPENSES

0.000

0.101

0.203

 

 

 

 

TOTAL

986.966

725.006

688.827

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Income

0.436

0.000

0.000

 

Other Income

1.693

0.335

0.510

 

TOTAL

2.129

0.335

0.510

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

0.000

(89.832)

(41.431)

 

Purchases of Stock-in-Trade

16.231

0.000

0.000

 

Changes in inventories

(682.821)

0.000

0.000

 

Employees benefits expense

7.645

0.000

0.000

 

Administrative and Other expenses

610.089

38.757

10.608

 

TOTAL

(48.856)

(51.074)

(30.823)

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

50.985

51.410

31.333

 

 

 

 

 

Less

FINANCIAL EXPENSES

48.137

50.492

30.707

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

2.848

0.918

0.626

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

1.158

0.583

0.116

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

1.690

0.335

0.510

 

 

 

 

 

Less

TAX

0.000

0.000

0.000

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

1.690

0.335

0.510

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

0.00

0.00

0.00

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

0.00

0.00

0.00

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

74.37

(84.05)

(43.25)

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

0.03

0.05

0.04

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

4.54

22.91

46.84

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.82

0.71

0.56

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

1.99

1.21

1.10

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

3.87

2.50

1.29

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.03

0.01

0.00

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

1.06

1.02

1.02

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

 ((PAT / Sales) * 100)

%

387.61

0.00

0.00

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

0.09

0.03

0.07

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

0.51

0.10

0.16

 

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

1.45

1.40

1.77

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

0.05

0.05

0.06

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.18

0.29

0.44

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

1.99

1.21

1.10

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.45

1.40

1.77

 

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

327.902

328.113

330.346

Reserves & Surplus

0.000

0.000

0.000

Net worth

327.902

328.113

330.346

 

 

 

 

Secured Loans

0.000

0.600

257.253

Unsecured Loans

360.925

396.293

399.367

Total borrowings

360.925

396.893

656.620

Debt/Equity ratio

1.101

1.210

1.988

 

 

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

0.510

0.335

2.129

 

 

(34.314)

535.522

 

 

 

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

0.510

0.335

2.129

Profit

0.510

0.335

1.690

 

100.00%

100.00%

79.38%

 

S

 

 

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

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

No

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

 

NOTE:

The registered office of the concern has been shifted from 501 37 Pranashish, Picnic Cottage, Versova Road, Andheri (West), Mumbai- 400061, Maharashtra, India  to the present address w.e.f. 08.07.2016

 

UNSECURED LOANS

 

PARTICULAR

31.03.2017

(INR in Million)

31.03.2016

(INR in Million)

Nitin Patel

11.990

0.000

Prashasti Developers Private Limited

372.377

0.000

Samavasarana Foundation

15.000

0.000

From Others

0.000

396.293

Total

399.367

396.293

 

 

INDEX OF CHARGES:

 

S

No

SRN

Charge Id

Charge Holder Name

Date of Creation

Amount

Address

1

M00316695

100000129

BANK OF BARODA

28/08/2015

300000000.0

SAKINAKA BRANCH, UNIT NO. 4 & 5, TOWN CENTRE ANDHERI-KURLA ROAD, SAKINAKA, ANDHERI (EAST) MUMBAI CITY MAHARASHTRA 400072 INDIA

 

 

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, 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 63.75

UK Pound

1

INR 89.39

Euro

1

INR 78.75

 

 

INFORMATION DETAILS

 

Information Gathered by :

KAM

 

 

Analysis Done by :

NIS

 

 

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)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.