|
|
|
MIRA INFORM REPORT
|
Report No. : |
489711 |
|
Report Date : |
03.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
ABHINANDAN INTERNATIONAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
95 A, Park Street, 7th Floor, Kolkata-700016, West Bengal |
|
Tel. No.: |
91-33-30281823 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
29.07.1999 |
|
|
|
|
Com. Reg. No.: |
21-089969 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 19.868 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18101WB1999PTC089969 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GST No.: |
Not Divulged |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA7962N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Dealer of all types of Textiles Goods,
Dress Materials, Fabrics, Cloths, Yarns such as Nets, Matting, Hosiery, Plastic
Cloths, Water Proof Fabrics, Pavliners, Americal Cloths, Imitation Leather,
etc. [As per Memorandum of Association] |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 : |
No commercial operations |
|
|
|
|
Payment Behaviour : |
Unknown |
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|
|
|
Litigation : |
Clear |
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|
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Comments : |
Subject was incorporated in the year 1999. The company is engaged in speculative transactions in commodities. As per our data base record of 2015, the company had closed its operations since 10 years. The company has not earned income from its operations during the year under the review. The management is studying the market to start some profitable business. The overall financial position of the company seems to be moderate marked by negative reserve base. Business is active. No payment terms are known. In view of aforesaid, the company 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 (30.06.2017) |
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
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 03.02.2018.
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 DECLINED BY
|
Name : |
Mr. Nitesh Sharaff |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-9831169299 |
|
Date : |
01.02.2018 |
[Given number 91-33-30281822 is ringing]
LOCATIONS
|
Registered Office : |
95 A, Park Street, 7th Floor, Kolkata-700016, West Bengal, India |
|
Tel. No.: |
91-33-30281823/ 30282177 |
|
Mobile No.: |
91-9831169299 [Mr. Nitesh Sharaff] |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Narayan Sharaff |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
C/O, Urbana, T2/3202, 783 Anandpur, Anandpur Madurdaha,
E.K.T, Kolkata-700107, West Bengal, India |
||||||||||||||||
|
Date of Birth/Age : |
15.01.1956 |
||||||||||||||||
|
Date of Appointment : |
29.07.1999 |
||||||||||||||||
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DIN No.: |
00229281 |
||||||||||||||||
|
|||||||||||||||||
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|
||||||||||||||||
|
Name : |
Mrs. Anju Sharaff |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
C/O, Urbana, T2/3202, 783 Anandpur, Anandpur Madurdaha,
E.K.T, Kolkata-700107, West Bengal, India |
||||||||||||||||
|
Date of Birth/Age : |
02.12.1959 |
||||||||||||||||
|
Date of Appointment : |
29.07.1999 |
||||||||||||||||
|
DIN No.: |
00229352 |
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|
|||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
A) Directors |
|
|
|
Anju Sharaff |
|
136850 |
|
Narayan Sharaff |
|
112450 |
|
B) Directors
Relatives |
|
|
|
Gaurav Sharaff |
|
19000 |
|
Narayan & Sons HUF |
|
50000 |
|
Nitesh Sharaff |
|
12500 |
|
C) Body
Corporates |
|
|
|
Gitco Trading Private Limited |
|
50000 |
|
Sarthak Traders Private Limited |
|
50000 |
|
Signet Commercial Private Limited |
|
50000 |
|
Sri Laxshmi Finvest Private Limited |
|
50000 |
|
Subham Mercantile Private Limited |
|
50000 |
|
VGM Construction Private Limited |
|
50000 |
|
Surakshit Merchants Private Limited |
|
250000 |
|
Shubhlabh Merchandise Private Limited |
|
250000 |
|
Shubhlabh Tradevin Private Limited |
|
250000 |
|
Dayavant Dealer Private Limited |
|
250000 |
|
Rose Tradelink Private Limited |
|
250000 |
|
D) Other |
|
|
|
Ashish Kumar Jain |
|
101000 |
|
Kamal Kumar Choudhary |
|
5000 |
|
|
|
|
|
Total |
|
1986800 |
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
21.99 |
|
Promoters – Body Corporate |
78.01 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Dealer of all types of Textiles Goods,
Dress Materials, Fabrics, Cloths, Yarns such as Nets, Matting, Hosiery, Plastic
Cloths, Water Proof Fabrics, Pavliners, Americal Cloths, Imitation Leather,
etc. [As per Memorandum of Association] |
|
|
|
|
Brand Names : |
Not Available |
|
|
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Agencies Held : |
Not Available |
|
|
|
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Exports : |
Not Divulged |
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|
|
|
Imports : |
Not Divulged |
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|
|
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Terms : |
|
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Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
· Siemtel Telenetwork Private Limited · Schmetz India Private Limited · Singot Group Limited · Namaskar Textiles Private Limited · Novelty Silk Private Limited · Maruti Traders |
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Customers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
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No. of Employees : |
Not Divulged |
||||||||||||||||||||||
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|
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Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
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Facilities : |
--- |
|
Financial Institution : |
· International Asset Reconstruction Company Private Limited 709, 7th Floor, Ansal Bhawan, 16, kasturba Gandhi Marg, New Delhi - 110001, Delhi, India |
|
Auditors : |
|
|
Name : |
Ghoshal Barnwal and Company Chartered Accountants |
|
Address : |
4th Floor, Room No. 405, Kolkata-700001, West Bengal, India |
|
Tel. No.: |
91-33-22438226 |
|
Mobile No.: |
91-9830020774 |
|
E-Mail : |
|
|
PAN No.: |
AAEFG5076G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises over which key management personnel have significant
influence irrespective of whether transactions have occurred or not : |
Avinandan Fashions (Private) Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
INR 10/- each |
INR 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1986800 |
Equity Shares |
INR 10/- each |
INR 19.868
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
19.868 |
19.868 |
19.868 |
|
(b) Reserves & Surplus |
(6.597) |
(6.390) |
(6.206) |
|
(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) |
13.271 |
13.478 |
13.662 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
2.905 |
2.905 |
2.905 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
5.921 |
5.921 |
5.921 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
8.826 |
8.826 |
8.826 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
1.351 |
1.311 |
1.290 |
|
(b)
Trade payables |
0.000 |
0.000 |
0.000 |
|
(c)
Other current liabilities |
0.454 |
0.279 |
0.122 |
|
(d)
Short-term provisions |
0.000 |
0.000 |
0.687 |
|
Total
Current Liabilities (4) |
1.805 |
1.590 |
2.099 |
|
|
|
|
|
|
TOTAL |
23.902 |
23.894 |
24.587 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
0.000 |
0.000 |
0.000 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
0.655 |
0.655 |
0.655 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
0.655 |
0.655 |
0.655 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Trade receivables |
22.642 |
22.642 |
22.642 |
|
(d)
Cash and cash equivalents |
0.023 |
0.015 |
0.022 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f)
Other current assets |
0.582 |
0.582 |
1.268 |
|
Total
Current Assets |
23.247 |
23.239 |
23.932 |
|
|
|
|
|
|
TOTAL |
23.902 |
23.894 |
24.587 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
0.000 |
0.000 |
0.000 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Other expenses |
0.017 |
0.016 |
0.249 |
|
|
|
Exceptional Items |
0.000 |
0.000 |
0.036 |
|
|
|
TOTAL |
0.017 |
0.016 |
0.285 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
(0.017) |
(0.016) |
(0.285) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.191 |
0.169 |
0.136 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(0.208) |
(0.185) |
(0.421) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.000 |
0.000 |
0.001 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(0.208) |
(0.185) |
(0.422) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(0.001) |
(0.001) |
(0.017) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(0.207) |
(0.184) |
(0.405) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
(6.390) |
(6.206) |
(5.801) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(6.597) |
(6.390) |
(6.206) |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
(0.10) |
(0.09) |
(0.20) |
|
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 deficit/ generated from operations |
0.157 |
0.142 |
NA |
|
|
|
|
|
|
Net Cash Generated from (used in) Operating Activities |
0.158 |
0.142 |
NA |
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 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
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) |
0.20 |
0.19 |
0.20 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.32 |
0.31 |
0.31 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.14 |
0.12 |
0.15 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
(0.09) |
(0.09) |
(2.10) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(0.87) |
(0.77) |
(1.65) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(1.56) |
(1.37) |
(2.96) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
12.88 |
14.62 |
11.40 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
12.88 |
14.62 |
11.40 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.56 |
0.56 |
0.56 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.21 |
0.21 |
0.21 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
12.88 |
14.62 |
11.40 |
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 |
|
Share Capital |
19.868 |
19.868 |
19.868 |
|
Reserves & Surplus |
(6.206) |
(6.390) |
(6.597) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
13.662 |
13.478 |
13.271 |
|
|
|
|
|
|
long-term borrowings |
2.905 |
2.905 |
2.905 |
|
Short term borrowings |
1.290 |
1.311 |
1.351 |
|
Total
borrowings |
4.195 |
4.216 |
4.256 |
|
Debt/Equity
ratio |
0.307 |
0.313 |
0.321 |
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 |
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 |
Yes |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last 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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
B94298007 |
80063558 |
INTERNATIONAL ASSET RECONSTRUCTION COMPANY PRIVATE LIMITED |
30/12/1999 |
31/03/2010 |
13/01/2014 |
8200000.0 |
709, 7th Floor, Ansal Bhawan16, Kasturba Gandhi MargNew DelhiDL110001IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances
from Related Parties Advances |
|
|
|
Abhinandan Fashions Private Limited |
2.905 |
2.905 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
From Directors |
|
|
|
Anju Sharaff |
0.755 |
0.745 |
|
Narayan Sharaff |
0.596 |
0.566 |
|
|
|
|
|
Total |
4.256 |
4.216 |
NATURE OF BUSINESS
The company has not carried any business activity during the year.
STATEMENT OF
AFFAIRS
In spite of best efforts made by Directors the company could not able to
do any business during the Year.
The Directors trying to start some profitable business and for that they
are studing the market and will take decision.
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 records 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 64.08 |
|
UK Pound |
1 |
INR 91.34 |
|
Euro |
1 |
INR 80.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
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.