|
|
|
MIRA INFORM REPORT
|
Report No. : |
489506 |
|
Report Date : |
06.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
ONEWORLD INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2nd Floor, Todi Estate, Above Post Office, Sun Mill
Compound, Lower Parel (West), Mumbai – 400013, Maharashtra |
|
Tel. No.: |
91-22-43533400 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
02.05.2012 |
|
|
|
|
Com. Reg. No.: |
11-230510 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 500.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74120MH2012PTC230510 |
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|
|
|
GST No.; |
Not Divulged |
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|
|
|
IEC No.: |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCO6638E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Trader of Fabrics. [Registered Activity and also Confirmed by
Management] |
|
|
|
|
No. of Employees
: |
100 [Approximately] |
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 |
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|
|
|
Payment Behaviour : |
Usually correct |
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|
|
|
Litigation : |
Clear |
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|
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|
Comments : |
Oneworld Industries Private Limited is a trader of fabrics. The
company was incorporated in the year 2012 and is based in Mumbai,
Maharashtra. It is an established company having satisfactory track records. For the financial year ended 2017, the company has witness a growth in
its revenue and has achieved profit margin at 0.62% (approx.) The company possesses ab acceptable financial profile marked by
healthy net worth base along with fair debt level and favourable gap between
trade payables to its trade receivables. Trade relations are reported as fair. Business is active. Payment
terms are seems to be usually correct and as per commitments. The company can be considered for business 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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
06.10.2017 |
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 06.02.2018.
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 PARTED BY [GENERAL DETAILS]
|
Name : |
Mr. Rajesh Kalamkar |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9920999098 |
|
Date : |
03.02.2018 |
LOCATIONS
|
Registered/Corporate Office : |
2nd Floor, Todi Estate, Above Post Office, Sun Mill Compound,
Lower Parel (West), Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-43533400 |
|
Mobile No.: |
91-9920999098 [Mr. Rajesh Kalamkar] |
|
Fax No.: |
91-22-43533444 |
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E-Mail : |
|
|
Website: |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Manoj Khushalani |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
602 Manik Apt., Opp Central Bank of India, Santacruz (West), Mumbai - 400054, Maharashtra, India |
||||||||||||||||||||||||||||
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Date of Birth/Age : |
11.11.1975 |
||||||||||||||||||||||||||||
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Date of Appointment : |
02.05.2012 |
||||||||||||||||||||||||||||
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DIN No.: |
02786009 |
||||||||||||||||||||||||||||
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PAN No.: |
AAEPK4526D |
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Other Directorship:
|
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||||||||||||||||||||||||||||
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Name : |
Mrs. Urvil Akshaya Jani |
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Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
92/B, 9th Flr, Advent Bldg, Next To Y B Chavan, Hall, G J Bhosale Marg, Sachivalaya, Mumbai - 400021, Maharashtra, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
09.06.1975 |
||||||||||||||||||||||||||||
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Date of Appointment : |
02.05.2012 |
||||||||||||||||||||||||||||
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DIN No.: |
03467004 |
||||||||||||||||||||||||||||
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PAN No.: |
AABPJ1254G |
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Other Directorship:
|
|||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Rajesh Kalamkar |
|
Designation : |
Accounts Manager |
|
|
|
|
Name : |
Mr. Hiren Dakshesh Desai |
|
Designation : |
Company Secretary |
|
Address : |
A-61/204, Yogi Chhaya, Yogi Nagar, Eksar Road, Borivali (West) Mumbai – 400091, Maharashtra, India |
|
Date of Appointment : |
15.02.2017 |
|
DIN No.: |
ALHPD0916C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
% age holding |
|
Manoj Khushalani |
2900000 |
5.80 |
|
Urvil Jani |
42400000 |
84.80 |
|
Akshaya Jani |
1400000 |
2.80 |
|
Sushi Jani |
1900000 |
3.80 |
|
Aashima Khushalani |
1400000 |
2.80 |
|
|
|
|
|
Total |
50000000 |
100.00 |
AS ON: 29.08.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Individual/Hindu Undivided Family - Indian) |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Fabrics. [Registered Activity and also Confirmed by
Management] |
|
|
|
|
Brand Names : |
Not Available |
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|
|
|
Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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|
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Terms : |
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Selling : |
Advance Payment and Cheque |
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|
|
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Purchasing : |
Advance Payment and Cheque |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
Retailers and End Users
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No. of Employees : |
100 [Approximately] |
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|
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Bankers : |
· Punjab National Bank Daulat Shirin Building, SBS Road, Near Colaba Post Office, Colaba, Mumbai - 400005, Maharashtra, India · Punjab National Bank & Bank of Baroda & TamilNad Merchantile Bank Limited |
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Facilities : |
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Auditors : |
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|
Name : |
Gala Mulraj Devchand Chartered Accountants |
|
Address : |
B-21, Shastri Niketan, R.C. Marg, Chembur Naka, Behind Telephone Exchange., Chembur, India |
|
=Income-tax
PAN of auditor or auditor's firm : |
AGYPG0691H |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Related Parties : |
· Oneworld Creations Private Limited [U74999MH2012PTC230339] · Oneworld Retail Private Limited [U74900MH2012PTC230583] · Ultimo Fabrics Private Limited [U51909MH2015PTC269395] ·
Oneworld Sourcing |
|
|
|
|
Group Companies: |
·
Oneworld Industries Private Limited
(Erstwhile known as Roshvil Enterprise) ·
Oneworld Creations Private Limited ·
Oneworld Retail Private Limited ·
Ultimo Fabrics Private Limited ·
Maison De Couture Fabrics Private Limited ·
Tissori India Fabrics Private Limited ·
Oneworld Design Studio Private Limited ·
Oneworld Sourcing ·
Worldstar Fabrics LLP ·
Worsted Overseas Trading LLP ·
Zephyr Fabric Trading LLP |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
INR 10/- each |
INR 500.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
INR 10/- each |
INR 500.000 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 |
500.000 |
500.000 |
400.000 |
|
(b) Reserves and Surplus |
458.902 |
382.375 |
111.214 |
|
(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) |
958.902 |
882.375 |
511.214 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
11.344 |
9.017 |
5.996 |
|
(c) Other long-term
liabilities |
494.522 |
418.233 |
647.360 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
505.866 |
427.250 |
653.356 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
1393.757 |
1386.255 |
1069.652 |
|
(b) Trade
payables |
2466.829 |
1601.703 |
1548.960 |
|
(c) Other
current liabilities |
46.719 |
42.920 |
63.321 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
3907.305 |
3030.878 |
2681.933 |
|
|
|
|
|
|
TOTAL |
5372.073 |
4340.503 |
3846.503 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
112.255 |
114.104 |
116.280 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
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 loans and advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
5.089 |
4.807 |
4.649 |
|
Total Non-Current
Assets |
117.344 |
118.911 |
120.929 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
97.019 |
29.398 |
23.754 |
|
(c) Trade
receivables |
5146.207 |
4169.999 |
3671.614 |
|
(d) Cash and
bank balances |
3.011 |
10.873 |
9.400 |
|
(e)
Short-term loans and advances |
8.492 |
11.322 |
20.806 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
5254.729 |
4221.592 |
3725.574 |
|
|
|
|
|
|
TOTAL |
5372.073 |
4340.503 |
3846.503 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
12363.858 |
11553.163 |
10860.909 |
|
|
Other Income |
0.000 |
0.000 |
2.709 |
|
|
TOTAL |
12363.858 |
11553.163 |
10863.618 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
12058.530 |
11263.638 |
10548.691 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(67.622) |
(5.643) |
(3.308) |
|
|
Employee benefit expense |
7.819 |
11.569 |
11.491 |
|
|
Other expenses |
60.233 |
24.423 |
82.366 |
|
|
TOTAL |
12058.960 |
11293.987 |
10639.240 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
304.898 |
259.176 |
224.378 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
185.754 |
149.819 |
126.992 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
119.144 |
109.357 |
97.386 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.116 |
2.269 |
2.334 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
117.028 |
107.088 |
95.052 |
|
|
|
|
|
|
|
Less |
TAX |
40.501 |
37.834 |
33.885 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
76.527 |
69.254 |
61.167 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1.53 |
1.73 |
1.53 |
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 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
132.822 |
(203.026) |
95.052 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
94.648 |
(237.839) |
95.052 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
151.92 |
131.74 |
123.39 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.40 |
2.77 |
2.96 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
74.67 |
51.90 |
53.60 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
3.14 |
8.82 |
9.45 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
2.72 |
2.27 |
1.93 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.73 |
0.70 |
0.70 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.45 |
1.57 |
2.09 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
4.07 |
3.43 |
5.25 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.12 |
0.13 |
0.23 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.64 |
1.73 |
1.77 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.62 |
0.60 |
0.56 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.42 |
1.60 |
1.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
7.98 |
7.85 |
11.97 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.34 |
1.39 |
1.39 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.32 |
1.38 |
1.38 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.18 |
0.20 |
0.13 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
2.79 |
2.77 |
2.67 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.34 |
1.39 |
1.39 |
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 |
400.000 |
500.000 |
500.000 |
|
Reserves & Surplus |
111.214 |
382.375 |
458.902 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
511.214 |
882.375 |
958.902 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
1069.652 |
1386.255 |
1393.757 |
|
Total
borrowings |
1069.652 |
1386.255 |
1393.757 |
|
Debt/Equity
ratio |
2.092 |
1.571 |
1.453 |
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 |
10860.909 |
11553.163 |
12363.858 |
|
|
|
6.374 |
7.017 |
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 |
10860.909 |
11553.163 |
12363.858 |
|
Profit/ (Loss) |
61.167 |
69.254 |
76.527 |
|
|
0.56
% |
0.60
% |
0.62
% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
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 |
Yes |
|
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 |
G00467787 |
10420588 |
PUNJAB NATIONAL
BANK & BANK OF BARODA & TAMILNAD MERCHANTILE BANK LTD. |
20/04/2013 |
14/03/2016 |
- |
1400000000.0 |
DAULAT SHIRIN
BUILDING, SBS ROADNEAR COLABA POST OFFICE, COLABAMUMBAIMH400005IN |
|
2 |
C34233247 |
10431864 |
PUNJAB NATIONAL
BANK |
08/06/2013 |
- |
14/11/2014 |
100000000.0 |
DAULAT SHIRIN BUILDING,
SBS ROAD,NEAR COLABA POST OFFICE, COLABAMUMBAIMH400005IN |
CORPORATE INFORMATION
The Company’, ‘OIPL’ is a private company domiciled in India and incorporated under the provisions of Companies Act, 1956. The Company is engaged in the business of trading of fabric within India. Oneworld Industries Private Limited has taken over the business vis-à-vis all the assets and liabilities of Roshvil Enterprise on 22-04-2013.
STATE OF COMPANY’S BUSINESS AFFAIRS
The gross sale and other income for the financial year were INR 0.124 million as against INR 0.116 million for the previous year registering an increase of 7.01%.
FIXED ASSETS:
· Buildings
· Plant and equipment
· Furniture and fixtures
· Computer equipment’s
·
Computer equipment’s
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 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 64.03 |
|
UK Pound |
1 |
INR 90.40 |
|
Euro |
1 |
INR 79.73 |
INFORMATION
DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ARC |
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.