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|
MIRA INFORM REPORT
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Report No. : |
489209 |
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Report Date : |
03.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
RIZVI ESTATES AND HOTELS PRIVATE LIMITED |
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Registered
Office : |
Rizvi House, 1st Floor, Flat No 34, Zbstps Ii, Junction St Hill Road,
Z St Martime Road, Bandra, Mumbai-400050, Maharashtra |
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Tel. No.: |
91-22-26424961/ 26426767/ 69 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
20.10.1978 |
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Com. Reg. No.: |
11-020714 |
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Capital
Investment / Paid-up Capital : |
INR 1.776
Million |
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|
|
CIN No.: [Company Identification
No.] |
U70100MH1978PTC020714 |
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|
IEC No.: |
Not Divulged |
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GST No.: |
27AAACR5021K1ZH |
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TIN No.: |
27870254822 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACR5021K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of Building Constructions and Hotel
Projects. [Registered Activity] |
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No. of Employees
: |
Not Divulged |
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 |
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Maximum Credit Limit : |
USD 2925900 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1978 having fine track record. It is engaged into construction activity. For the financial year 2017, the company has reported a dip in its revenue as compared to its previous year and also shown a drop in its profitability margin during the year. However, the company possesses healthy financial risk profile marked by adequate net worth base and strong debt protection metrics. Rating continue to derive strength from its long and established track record of its business operation backed by its well experienced promoters along with strong market position in real estate industry. However, these rating strengths gets partially offset due to slowdown in the infrastructure and real estate sector which may affect the growth of the company. Payments seems to be regular. In view of aforesaid, the company can be considered for business dealing at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
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
MANAGEMENT NON-COOPERATIVE
[Contact No: 91-22-26426769]
LOCATIONS
|
Registered Office : |
Rizvi House, 1st Floor, Flat No 34, Zbstps Ii, Junction St Hill Road,
Z St Martime Road, Bandra, Mumbai-400050, Maharashtra, India |
|
Tel. No.: |
91-22-26424961/ 26426767/ 69 |
|
Fax No.: |
91-22-26439977 |
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E-Mail : |
|
|
Website : |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Akhtar Hasan Rizvi |
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Designation : |
Director |
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Address : |
Meena Mahal Bunglow,7th Road, TPS-IV, Near Almeida Park,Bandra (West),
Mumbai - 400050, Maharashtra, India |
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Date of Birth/Age : |
24.07.191 |
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Date of Appointment : |
20.10.1978 |
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DIN No.: |
01239271 |
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Name : |
Mrs. Meena Akhtar Rizvi |
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Designation : |
Director |
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Address : |
Meena Mahal Bunglow, Plot No. 8-B, Junction of Almeida Road and Pali Road,
Bandra (West), Mumbai - 400050, Maharashtra, India |
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Date of Birth/Age : |
06.12.1943 |
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Date of Appointment : |
20.10.1978 |
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DIN No.: |
02460156 |
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Name : |
Mrs. Reshma Akhtar Rizvi |
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Designation : |
Director |
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Address : |
Meena Mahal Bunglow, 8 A, Bandra (West), Mumbai - 400050, Maharashtra,
India |
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Date of Birth/Age : |
06.07.1974 |
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Date of Appointment : |
06.07.1992 |
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DIN No.: |
02460189 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Akhtar Hasan Rizvi |
2978 |
16.77 |
|
Meena Akhtar Rizvi |
2068 |
11.64 |
|
Reshma Akhtar Rizvi |
10898 |
61.36 |
|
Rishan Trust |
1816 |
10.23 |
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|
|
|
|
Total |
17760 |
100.00 |
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
100.00 |
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|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Building Constructions and Hotel
Projects. [Registered Activity] |
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Products/ Services : |
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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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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
· Vijaya Bank 81, Hill Road, Bandra -West, Mumbai - 400050, Maharashtra, India · Abhyudaya Co-Operative Bank Limited |
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Facilities : |
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Auditors : |
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|
Name : |
S.M. Lasrado and Company Chartered Accountants |
|
Address : |
37, Church Avenue, Santacruz (West), Mumbai-400054, Maharashtra, India
|
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Tel. No.: |
91-22-26054108/ 1441/ 2015 |
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Fax No.: |
91-22-26052501 |
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E-Mail : |
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PAN No.: |
AAAPL5821E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
160000 |
Equity Shares |
INR 100/- each |
INR 16.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17760 |
Equity Shares |
INR 100/- each |
INR 1.776
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 |
1.776 |
1.776 |
1.776 |
|
(b) Reserves & Surplus |
1022.306 |
1155.381 |
1069.558 |
|
(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) |
1024.082 |
1157.157 |
1071.334 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
665.738 |
636.747 |
499.659 |
|
(b) Deferred tax liabilities (Net) |
0.180 |
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) |
665.918 |
636.747 |
499.659 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
217.033 |
161.709 |
142.059 |
|
(c)
Other current liabilities |
1617.564 |
1094.665 |
877.908 |
|
(d)
Short-term provisions |
56.461 |
192.208 |
170.652 |
|
Total
Current Liabilities (4) |
1891.058 |
1448.582 |
1190.619 |
|
|
|
|
|
|
TOTAL |
3581.058 |
3242.486 |
2761.612 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
6.125 |
7.540 |
9.193 |
|
(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 |
0.709 |
0.709 |
0.709 |
|
(c) Deferred tax assets
(net) |
3.121 |
3.121 |
3.117 |
|
(d) Long-term Loan and
Advances |
0.000 |
0.000 |
0.000 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
9.955 |
11.370 |
13.019 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
2413.295 |
2005.021 |
1628.568 |
|
(c)
Trade receivables |
0.000 |
0.000 |
0.000 |
|
(d)
Cash and cash equivalents |
27.714 |
26.507 |
13.210 |
|
(e)
Short-term loans and advances |
1130.094 |
1199.588 |
1106.815 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
3571.103 |
3231.116 |
2748.593 |
|
|
|
|
|
|
TOTAL |
3581.058 |
3242.486 |
2761.612 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
92.821 |
109.596 |
161.457 |
|
|
|
Other Income |
8.076 |
10.360 |
11.185 |
|
|
|
TOTAL |
100.897 |
119.956 |
172.642 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
61.859 |
28.223 |
51.266 |
|
|
|
Employees benefits expense |
9.112 |
10.075 |
8.083 |
|
|
|
Other expenses |
12.160 |
14.043 |
19.471 |
|
|
|
TOTAL |
83.131 |
52.341 |
78.820 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
17.766 |
67.615 |
93.822 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.584 |
0.534 |
0.610 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
17.182 |
67.081 |
93.212 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.698 |
1.717 |
2.270 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
15.484 |
65.364 |
90.942 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
5.427 |
21.551 |
29.287 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
10.057 |
43.813 |
61.655 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
542.128 |
498.315 |
436.660 |
|
|
|
|
|
|
|
|
|
Less |
Short
Provision for Taxation Written off |
15.332 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
536.853 |
542.128 |
498.315 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
566.28 |
2466.93 |
3471.58 |
|
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 / 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) |
0.01 |
0.03 |
0.06 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
2.90 |
8.97 |
10.21 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.71 |
0.64 |
0.61 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.65 |
0.55 |
0.47 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.85 |
1.25 |
1.11 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.01 |
0.01 |
0.01 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
30.42 |
126.62 |
153.81 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
10.83 |
39.98 |
38.19 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.28 |
1.35 |
2.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
0.98 |
3.79 |
5.75 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.89 |
2.23 |
2.31 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.61 |
0.85 |
0.94 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.29 |
0.36 |
0.39 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
374.85 |
358.53 |
281.34 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.89 |
2.23 |
2.31 |
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 |
1.776 |
1.776 |
1.776 |
|
Reserves & Surplus |
1069.558 |
1155.381 |
1022.306 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
1071.334 |
1157.157 |
1024.082 |
|
|
|
|
|
|
long-term borrowings |
499.659 |
636.747 |
665.738 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
499.659 |
636.747 |
665.738 |
|
Debt/Equity
ratio |
0.466 |
0.550 |
0.650 |
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 |
161.457 |
109.596 |
92.821 |
|
|
|
(32.121) |
(15.306) |
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 |
161.457 |
109.596 |
92.821 |
|
Profit |
61.655 |
43.813 |
10.057 |
|
|
38.19% |
39.98% |
10.83% |
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 |
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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G19971662 |
100058173 |
Vijaya Bank |
16/07/2016 |
- |
- |
180000000.0 |
BANDRA BRANCH,81,HILL ROADBANDRA WESTMUMBAIMH400050IN |
|
2 |
G60676376 |
10435977 |
Abhyudaya Co-Operative Bank Limited |
01/07/2013 |
04/09/2017 |
- |
190657600.0 |
Administrative Office- K. K.Tower, Abhyudaya BankLane,Off G. D. Ambekar Marg, Parel Village, Parel,MumbaiMH400012IN |
|
3 |
Y10287086 |
90185187 |
CENTRAL ADMINSTRAIVE |
01/04/1987 |
- |
- |
400000.0 |
204; RAHEJA CENTRENARIMAN POINTBOMBAYMH400021IN |
|
4 |
G50520204 |
10380421 |
Vijaya Bank |
28/02/2012 |
22/10/2014 |
28/07/2017 |
200000000.0 |
BANDRA BRANCH,81,HILL ROADBANDRA WESTMUMBAIMH400050IN |
|
5 |
G50524362 |
10365465 |
VIJAYA BANK |
27/06/2012 |
- |
28/07/2017 |
6000000.0 |
BANDRA BRANCH,81,HILL ROADBANDRA WESTMUMBAIMH400050IN |
|
6 |
G50533355 |
10381073 |
Vijaya Bank |
29/03/2012 |
22/10/2014 |
28/07/2017 |
200000000.0 |
BANDRA BRANCH,81,HILL ROADBANDRA WESTMUMBAIMH400050IN |
|
7 |
G50530757 |
10132523 |
VIJAYA BANK |
12/11/2008 |
- |
28/07/2017 |
6980000.0 |
81,HILL ROADBANDRA -WESTMUMBAIMH400050IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loan |
|
|
|
Deposits |
624.820 |
600.850 |
|
|
|
|
|
Total |
624.820 |
600.850 |
CORPORATE
INFORMATION
Subject (the company) was incorporated on 20th October, 1978
CIN No. U70100MH1978PTC020714 at Mumbai under the companies Act 1956. The
company is engaged in the business of building constructions and hotel
projects.
REVENUE OF
OPERATIONS
Fiscal year 2015-16 registered a Gross Turn over, including the sale of
units is INR 100.800 Million as against INR 119.900 Million in the preceding
year. There is a slowdown in the real estate market, despite the adverse
economic climate the company is striving to accelerate the construction of the
saleable area.
FIXED ASSETS:
Tangible Assets
·
Office Premises
·
Furniture and Fixtures
·
Typewriter
·
Refrigerator
·
Calculator
·
Computer
·
Air Conditioner
·
Office Equipment
·
Land
·
Building
·
Motor Bike
·
Electric Equipment
·
Xerox Machine, etc
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 : |
SAV |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
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 |
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.