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%20PRIVATE%20LIMITED%20-%20489573_MIRA%2001-Feb-2018_files/image015.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20489573_MIRA%2001-Feb-2018_files/image016.jpg)
%20PRIVATE%20LIMITED%20-%20489573_MIRA%2001-Feb-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
489573 |
|
Report Date : |
01.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
GRAFFITI (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
601, 602 and 603, 6th Floor, Rembrandt, C.G. Road, Ahmedabad-380006,
Gujarat |
|
Tel. No.: |
91-79-26406811/ 2/ 3 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
09.02.2001 |
|
|
|
|
Com. Reg. No.: |
04-039252 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 20.538 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26916GJ2001PTC039252 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GSTIN/UIN: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCG5928R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trading and Distribution of ceramic ware, tiles and other ornamental
ceramic articles. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information declined by the Management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2001. It is a trader and
distributor of ceramic ware, tiles and other ornamental ceramic articles. For the financial year 2017, the company has reported decline in its
revenue as compared to previous year but has managed to maintain low profit
margin of 0.55%. The rating takes into consideration the satisfactory financial profile
of the company marked by sufficient networth base along with comfortable debt
coverage indicators. However, rating strengths are partially offset by unfavourable gap
between trade payables and trade receivables. Business is active. Payments seems to be slow but correct. In view of aforesaid, the company 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.
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 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 (91-79-26406811)
LOCATIONS
|
Registered/ Corporate Office : |
601, 602 and 603, 6th Floor, Rembrandt, C.G. Road, Ahmedabad-380006,
Gujarat, India |
|
Tel. No.: |
91-79-26406811/ 2/ 3 |
|
Fax No.: |
91-79-26403298 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Graffiti DHQ 1 : |
6th Floor, Rembrandt, C.G. Road, Ahmedabad-380006, Gujarat, India |
|
|
|
|
Graffiti DHQ 2 : |
No.29,1st Floor, 80ft. Road, Koramangala 4th Block,
Nr.Maharaja Hotel, Bangalore - 560043, Karnataka, India. |
|
Tel. No.: |
91-80-25500230 /50 |
|
|
|
|
Graffiti DHQ 3 : |
1st Floor, Vikas Centre, SV Road, Santacruz (West), Mumbai -400054, Maharashtra, India. |
|
Tel. No.: |
91-22-26610072 /74,32611045 |
|
Fax No.: |
91-22-26610073 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Sachin Mahasukhlal Shah |
|
Designation : |
Managing Director |
|
Address : |
701, Rajvi Tower, Rajvansh Society, Bodakdev,
Ahmedabad-380054, Gujarat, India |
|
Date of Birth/Age : |
10.08.1968 |
|
Date of Appointment : |
03.07.2011 |
|
DIN No.: |
00049438 |
|
|
|
|
Name : |
Pallavika Mahasukhlal Mahasukhlal Shah |
|
Designation : |
Wholetime Director |
|
Address : |
304, Rajvi, Rajvansh Society, Bodakdev, Ahmedabad-380054, Gujarat, India |
|
Date of Birth/Age : |
04.11.1944 |
|
Date of Appointment : |
09.02.2001 |
|
DIN No.: |
00051397 |
|
|
|
|
Name : |
Rupa Sachin Shah |
|
Designation : |
Wholetime Director |
|
Address : |
701, Rajvi, Rajvansh Soceity, Bodakdev, Ahmedabad-380054, Gujarat, India |
|
Date of Birth/Age : |
08.03.1969 |
|
Date of Appointment : |
09.02.2001 |
|
DIN No.: |
00051422 |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Pallavika Mahasukhlal Shah |
1000 |
0.05 |
|
Sachin Mahasukhlal Shah and Rupa Sachin Shah |
1110784 |
54.09 |
|
Rupa Sachin and Sachin Mahasukhlal Shah |
625826 |
30.47 |
|
Salonee S.Shah and Sachin M.Shah |
166204 |
8.09 |
|
Sachin M. Shah-HUF |
150000 |
7.30 |
|
Total |
2053814 |
100.00 |
%20PRIVATE%20LIMITED%20-%20489573_MIRA%2001-Feb-2018_files/image020.gif)
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading and Distribution of ceramic ware, tiles and other ornamental
ceramic articles. [Registered Activity] |
||||
|
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|
||||
|
Products : |
|
||||
|
|
|
||||
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Brand Names : |
Not Available |
||||
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|
|
||||
|
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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||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
NOTE: SHORT TERM
BORROWING Secured against hypothecation of stocks, books debts mortgage of properties and personal guarantee of directors. |
|
Auditors : |
|
|
Name : |
Nilesh Patel and Associates Chartered Accountants |
|
Address : |
205, Abhirath Complex, 3rd Floor, Sardar Patel Statue, Naranpura,
Ahmedabad-380014, Gujarat, India |
|
Tel. No.: |
91-79-27682228 |
|
Mobile No.: |
91-9825044515 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
ADSPP7559E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Related party : |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
INR 10/- each |
INR 25.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2053814 |
Equity Shares |
INR 10/- each |
INR 20.538 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
20.538 |
20.538 |
15.000 |
|
(b) Reserves &
Surplus |
68.662 |
66.258 |
45.991 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
89.200 |
86.796 |
60.991 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
112.067 |
79.046 |
41.196 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
112.067 |
79.046 |
41.196 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
117.257 |
123.662 |
103.382 |
|
(b) Trade payables |
128.028 |
123.388 |
54.510 |
|
(c) Other current
liabilities |
23.253 |
33.379 |
34.791 |
|
(d) Short-term provisions |
3.864 |
6.123 |
5.485 |
|
Total Current Liabilities
(4) |
272.402 |
286.552 |
198.168 |
|
|
|
|
|
|
TOTAL |
473.669 |
452.394 |
300.355 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
14.863 |
16.998 |
17.010 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
1.945 |
1.823 |
1.555 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.998 |
0.998 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
2.413 |
5.773 |
5.503 |
|
Total Non-Current Assets |
19.221 |
25.592 |
25.066 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
374.986 |
334.139 |
173.875 |
|
(c) Trade receivables |
67.283 |
84.515 |
86.670 |
|
(d) Cash and cash
equivalents |
10.479 |
5.742 |
6.580 |
|
(e) Short-term loans and
advances |
1.700 |
2.406 |
8.164 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
454.448 |
426.802 |
275.289 |
|
|
|
|
|
|
TOTAL |
473.669 |
452.394 |
300.355 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
440.216 |
461.611 |
414.527 |
|
|
Other Income |
0.642 |
1.389 |
3.424 |
|
|
TOTAL |
440.858 |
463.000 |
417.951 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
419.374 |
369.201 |
257.933 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(40.847) |
(2.800) |
47.625 |
|
|
Employees benefits
expense |
12.232 |
20.297 |
31.943 |
|
|
Other administrative
expenses |
24.169 |
45.505 |
53.037 |
|
|
TOTAL |
414.928 |
432.203 |
390.538 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
25.930 |
30.797 |
27.413 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
18.754 |
23.553 |
18.935 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
7.176 |
7.244 |
8.478 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.135 |
2.496 |
2.730 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
5.041 |
4.748 |
5.748 |
|
|
|
|
|
|
|
Less |
TAX |
2.636 |
1.462 |
1.780 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
2.405 |
3.286 |
3.968 |
|
|
|
|
|
|
|
|
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
20.663 |
17.376 |
13.407 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
23.068 |
20.663 |
17.375 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
NA |
10.703 |
|
|
TOTAL IMPORTS |
NA |
NA |
10.703 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1.17 |
1.60 |
2.65 |
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 flows 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 / Income * 365 Days) |
55.79 |
66.83 |
76.31 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
6.54 |
5.46 |
4.78 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
111.43 |
121.98 |
77.14 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.07 |
0.09 |
0.16 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.74 |
1.81 |
1.61 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.81 |
0.81 |
0.80 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.57 |
2.34 |
2.37 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
3.05 |
3.30 |
3.25 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.17 |
0.20 |
0.28 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.38 |
1.31 |
1.45 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.55 |
0.71 |
0.96 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.51 |
0.73 |
1.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
2.70 |
3.79 |
6.51 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.67 |
1.49 |
1.39 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.29 |
0.32 |
0.51 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.19 |
0.19 |
0.20 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
11.17 |
9.87 |
9.64 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.67 |
1.49 |
1.39 |
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 |
|
Share Capital |
15.000 |
20.538 |
20.538 |
|
Reserves & Surplus |
45.991 |
66.258 |
68.662 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
60.991 |
86.796 |
89.200 |
|
|
|
|
|
|
Long Term borrowings |
41.196 |
79.046 |
112.067 |
|
Short Term borrowings |
103.382 |
123.662 |
117.257 |
|
Total
borrowings |
144.578 |
202.708 |
229.324 |
|
Debt/Equity
ratio |
2.370 |
2.335 |
2.571 |
%20PRIVATE%20LIMITED%20-%20489573_MIRA%2001-Feb-2018_files/image022.gif)
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
|
414.527 |
461.611 |
440.216 |
|
|
|
11.358 |
(4.635) |
%20PRIVATE%20LIMITED%20-%20489573_MIRA%2001-Feb-2018_files/image024.gif)
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
|
414.527 |
461.611 |
440.216 |
|
Profit |
3.968 |
3.286 |
2.405 |
|
|
0.96% |
0.71% |
0.55% |
%20PRIVATE%20LIMITED%20-%20489573_MIRA%2001-Feb-2018_files/image026.gif)
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
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 |
Yes |
|
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 |
REVIEW OF OPERATIONS
During the year, the company has achieved total turnover of INR 440.216 Million against the total turnover of INR 461.611 Million of previous year. There has been decline in turnover compared to previous year however before tax profit of the company has gone up from INR 4.748 Million to INR 5.041 Million.
The directors are planning effectively for achieving growth in the turnover and profitability of the company.
FUTURE PROSPECTS:
The Company's sales and profit for the financial year under report has been slightly decreased against turnover of previous year but management has taken all necessary actions to increase the turnover in coming year. Further, looking to the positive market scenario after demonetization and GST implementation, overall market is coming on its right track. The directors are very hopeful· better performance in the coming year. Further Directors take this opportunity to assure that all efforts shall be made for better growth and to achieve the desired goals of the company. Further, company will grow with high support of the management's experience, futuristic view and wide knowledge of the business activities and marketing. The Directors are very aggressive and ready to cope up any challenges in the business.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from related parties |
|
|
|
From directors |
96.177 |
62.078 |
|
From Relatives |
4.521 |
5.811 |
|
Dealers/ distributors deposits |
10.528 |
10.062 |
|
Total |
111.226 |
77.951 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
B38119913 |
10351478 |
BANK OF BARODA |
30/04/2012 |
- |
- |
22500000.0 |
BHADRA BRANCH, NR.
PAREKHS,LALDARWAJAAHMEDABADGJ380001IN |
|
2 |
G04442349 |
10093607 |
BANK OF BARODA |
14/03/2008 |
31/03/2016 |
- |
224940000.0 |
BHADRA BRANCHNEAR
LAL DARWAJAAHMEDABADGJ380001IN |
|
3 |
A42700054 |
90105460 |
CORPORATION BANK |
07/12/2004 |
- |
31/07/2008 |
10000000.0 |
NAVARANGPURAAHMEDABADGJ380009IN |
FIXED ASSETS:
- Machinery
- Furniture
- Office Equipment’s
- Computer
- Storage Racks
- Dies
- Vehicles
- Electric Installation
- Brand Developments (Intellectual rights)
- Brands
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 63.69 |
|
|
1 |
INR 90.35 |
|
Euro |
1 |
INR 79.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared by
: |
KVT |
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.