|
|
|
MIRA INFORM REPORT
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Report No. : |
489248 |
|
Report Date : |
07.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
LOGIX INFRASTRUCTURE PRIVATE LIMITED |
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Registered
Office : |
301-A, World Trade Tower, Barakhamba Lane, Connaught Place, New
Delhi-110001 |
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Tel. No.: |
91-120-4366098 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
17.01.2008 |
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Com. Reg. No.: |
55-172835 |
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Capital
Investment / Paid-up Capital : |
INR 100.100 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U72200DL2008PTC172835 |
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IEC No.: |
Not Divulged |
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GSTIN : |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCL4533H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The company is engaged in the business of infrastructure facility
provider to software companies. [Registered Activity] |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Maximum Credit Limit : |
USD 1232000 |
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|
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2008. It is engaged into
construction activities. For the financial year 2017, the company reported a drop growth in its
revenue as compared to its previous year but reflecting negative result
driven by high operating expenses. The company possesses moderate financial risk profile marked by modest
net worth base along with unfavourable gap between trade payables and trade receivables. Rating is further constrained on account of excess borrowing which can
be a threat to its liquidity along with intense competitive pressure from
other organized as well as unorganized players operating in the
infrastructure industry. However, rating weakness is partially offset by the long and
established track record of its business operation and well experience
management team. Business is active. Payments are seem to be slow but correct. In view of aforesaid, the company can be considered for business
dealings with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
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 07.02.2018.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED
MANAGEMENT NON-COOPERATIVE (Tel. No.:91-120-4366098)
LOCATIONS
|
Registered Office : |
301-A, World Trade Tower, Barakhamba Lane, Connaught Place, New
Delhi-110001, India |
|
Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office : |
A-4 and 5, Sector-16, Noida-201301, Uttar Pradesh, India |
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Tel. No.: |
91-120-4366098 / 4366000 |
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Fax No.: |
91-120-4366098 |
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|
|
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Site Address : |
Plot No.2, Sector-137, Expressway, Noida, Uttar Pradesh, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Ms. Meena Nath |
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Designation : |
Director |
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Address : |
34, Friends Colony East, Mathura Road, New Delhi-110065, India |
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Date of Birth/Age : |
24.02.1957 |
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Qualification : |
Graduate |
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Date of Appointment : |
17.01.2008 |
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PAN No.: |
AAHPN6265F |
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DIN No.: |
00017033 |
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Other Directorship:
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Name : |
Mr. Shakti Nath |
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Designation : |
Director |
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|
Address : |
34, Friends Colony East, Mathura Road, New Delhi-110065, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
16.04.1957 |
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Qualification : |
Graduate |
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Date of Appointment : |
17.01.2008 |
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PAN No.: |
ADSPN5891R |
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DIN No.: |
00017090 |
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Other Directorship:
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Name : |
Mr. Vikram Nath |
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Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Address : |
Plot No. 34, Friends Colony East, Mathura Road, New Delhi-110065, India |
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Date of Birth/Age : |
25.12.1980 |
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Qualification : |
Graduate |
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Date of Appointment : |
01.10.2015 |
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PAN No.: |
ACPPN8930K |
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DIN No.: |
00074754 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
A. K. Nandwani and Associates |
|
Designation : |
Company Secretaries |
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Address : |
125-126, B.D. Chambers, 10/54, D.B. Gupta Road, Karol Bagh, New
Delhi-110005, India |
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Tel. No.: |
91-11-41548580 |
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Telfax No.: |
91-11-47528088 |
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E-Mail.: |
|
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Website : |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Legend IT Solutions Private Limited, India |
2602600 |
26.00 |
|
Logix Soft-Tel Private Limited, India |
2602600 |
26.00 |
|
Gold Mine Infrastructure Private Limited, India |
2502500 |
25.00 |
|
VC Solutions Private Limited, India |
2302300 |
23.00 |
|
Total |
10010000 |
100.00 |
AS ON 28.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters - Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of infrastructure
facility provider to software companies. [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 : |
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 : |
Information denied by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Saxena Singhal and Vaid Chartered Accountants |
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Address : |
1589, Madarsa Road, Kashmere Gate, New Delhi, India |
|
PAN No.: |
AASFS6756R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Ultimate Holding
Company : |
Logix Soft-Tel Private Limited, India CIN No.: U70100DL2001PTC166343 |
|
|
|
|
Fellow Subsidiary
companies : |
CIN No.: U72900DL2001PTC109112
CIN No.: U70101DL2011PTC215320
CIN No.: U70100DL2011PTC212360
CIN No.: U70200DL2011PTC215284
CIN No.: U70101DL2010PTC202613
|
|
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|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
CIN No.: U74994DL2012PTC241804
CIN No.: U70109DL2011PTC216006
CIN No.: U70109DL2011PTC216003
CIN No.: U70101DL2011PTC216185
|
CAPITAL STRUCTURE
AS ON 28.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
46000000 |
Equity Shares |
INR 10/- each |
INR 460.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10010000 |
Equity Shares |
INR 10/- each |
INR 100.100 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 |
100.100 |
100.100 |
100.100 |
|
(b) Reserves & Surplus |
330.942 |
359.227 |
351.276 |
|
(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) |
431.042 |
459.327 |
451.376 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
1466.756 |
1713.034 |
2553.478 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.842 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
1.188 |
0.900 |
0.908 |
|
Total Non-current
Liabilities (3) |
1467.944 |
1713.934 |
2555.228 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
561.031 |
118.293 |
71.511 |
|
(c) Other current
liabilities |
1649.649 |
1651.021 |
896.645 |
|
(d) Short-term provisions |
0.007 |
0.005 |
0.108 |
|
Total Current Liabilities
(4) |
2210.687 |
1769.319 |
968.264 |
|
|
|
|
|
|
TOTAL |
4109.673 |
3942.580 |
3974.868 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
19.114 |
25.218 |
31.443 |
|
(ii) Intangible Assets |
0.022 |
0.007 |
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 |
2.500 |
2.500 |
2.500 |
|
(c) Deferred tax assets
(net) |
80.289 |
67.951 |
0.000 |
|
(d) Long-term Loan and Advances |
10.014 |
10.807 |
2.533 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
111.939 |
106.483 |
36.476 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
2232.605 |
1928.318 |
1779.914 |
|
(c) Trade receivables |
1249.202 |
926.649 |
484.533 |
|
(d) Cash and cash
equivalents |
29.476 |
93.054 |
70.612 |
|
(e) Short-term loans and
advances |
486.451 |
888.076 |
1603.333 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
3997.734 |
3836.097 |
3938.392 |
|
|
|
|
|
|
TOTAL |
4109.673 |
3942.580 |
3974.868 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
667.031 |
1077.490 |
706.707 |
|
|
Other Income |
17.412 |
28.220 |
11.725 |
|
|
TOTAL |
684.443 |
1105.710 |
718.432 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
765.848 |
1038.507 |
956.735 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(304.287) |
(148.404) |
(128.227) |
|
|
Employees benefits
expense |
64.762 |
32.861 |
31.736 |
|
|
Exceptional items |
0.209 |
9.546 |
(0.458) |
|
|
Other expenses |
104.421 |
140.929 |
31.378 |
|
|
TOTAL |
630.953 |
1073.439 |
891.164 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
53.490 |
32.271 |
(172.732) |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
87.825 |
86.730 |
6.007 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
(34.335) |
(54.459) |
(178.739) |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
6.288 |
6.383 |
6.617 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(40.623) |
(60.842) |
(185.356) |
|
|
|
|
|
|
|
Less |
TAX |
(12.338) |
(68.793) |
(0.853) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(28.285) |
7.951 |
(184.503) |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
(40.773) |
(48.724) |
135.779 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
(69.058) |
(40.773) |
(48.724) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(2.83) |
0.79 |
(18.43) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
1508.469 |
1364.608 |
649.248 |
|
Net cash flows from (used in) operations |
181.819 |
871.377 |
172.187 |
|
Net cash flows from (used in) operating activities |
181.819 |
871.377 |
172.187 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365) |
683.56 |
313.90 |
250.25 |
|
|
|
|
|
|
Account Receivables Turnover (Income /
Sunday Debtors) |
0.53 |
1.16 |
1.46 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
267.39 |
41.58 |
27.28 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.02 |
0.02 |
(0.10) |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
2.80 |
1.28 |
(5.49) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
1.26 |
1.23 |
1.05 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
6.90 |
6.70 |
7.10 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
5.13 |
3.85 |
2.15 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.04 |
0.05 |
0.07 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.61 |
0.37 |
(28.76) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT
/ Sales) * 100] |
% |
(4.24) |
0.74 |
(26.11) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(0.69) |
0.20 |
(4.64) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(6.56) |
1.73 |
(40.88) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.81 |
2.17 |
4.07 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.80 |
1.08 |
2.23 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.10 |
0.12 |
0.11 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
29.72 |
30.75 |
32.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.81 |
2.17 |
4.07 |
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 |
100.100 |
100.100 |
100.100 |
|
Reserves & Surplus |
351.276 |
359.227 |
330.942 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
451.376 |
459.327 |
431.042 |
|
|
|
|
|
|
long-term borrowings |
2553.478 |
1713.034 |
1466.756 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities of
Long term debt |
649.248 |
1364.608 |
1508.469 |
|
Total borrowings |
3202.726 |
3077.642 |
2975.225 |
|
Debt/Equity ratio |
7.095 |
6.700 |
6.902 |
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 |
706.707 |
1077.490 |
667.031 |
|
|
|
52.466 |
(38.094) |
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 |
706.707 |
1077.490 |
667.031 |
|
Profit / (Loss) |
(184.503) |
7.951 |
(28.285) |
|
|
(26.11%) |
0.74% |
(4.24%) |
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 |
Yes |
|
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 |
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 |
NOTE: Registered office of the company has been shifted from 85, Ground Floor, World Trade Centre Barakhamba Lane, New Delhi-110001, India to the present address w.e.f. 28.04.2017.
CORPORATE INFORMATION
The Company was incorporated on 17/01/2008. The company is engaged in the business of infrastructure facility provider to software companies. The Company’s registered office is situated at 301-A, World Trade Tower, Barakhamba Lane, Connaught Place, New Delhi- 110001 and site office is situated at Plot No. 2, Expressway, Sector-137, Noida, U.P.
REVIEW OF OPERATIONS
Net Loss of the Company for the year ended March 31, 2017 stood at INR 28.285 million as against Profit of INR 7.951 million for the previous year.
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G29438041 |
100065265 |
ICICI BANK LIMITED |
14/12/2016 |
- |
- |
200000000.0 |
S-26, Veera Tower, Green Park Extension, New Delhi-110016, India |
|
2 |
C55447403 |
10572418 |
ICICI Bank Limited |
05/06/2015 |
10/06/2015 |
- |
250000000.0 |
S 26, 27, 28 First Floor, Veera Tower, Green Park Extension, New Delhi-110016, India |
|
3 |
B98408297 |
10478647 |
ICICI Bank Limited |
15/02/2014 |
11/03/2014 |
- |
1700000000.0 |
S 26, 27, 28 First Floor, Veera Tower, Green Park Extension, New Delhi-110016, India |
|
4 |
G29436508 |
100040925 |
ICICI Bank Limited |
28/06/2016 |
- |
14/12/2016 |
200000000.0 |
S-26, Veera Tower, Green Park Extension, New Delhi-110016, India |
|
5 |
B98255839 |
10437523 |
IDBI Trusteeship Services Limited |
13/06/2013 |
- |
07/03/2014 |
600000000.0 |
Asian Building, Ground Floor, 17, R. Kamani Marg, Ballard Estate, Mumbai-400001IN |
|
6 |
B98325004 |
10367443 |
IDBI Trusteeship Services Limited |
16/07/2012 |
- |
07/03/2014 |
1250000000.0 |
Asian Building, Ground Floor, 17, R. Kamani Marg, Ballard Estate, Mumbai-400001IN |
|
7 |
B78248598 |
10273479 |
Vijaya Bank |
24/02/2011 |
- |
04/06/2013 |
1000000000.0 |
A-5, Sector-19, Noida-201301, Uttar Pradesh, India |
|
8 |
B56741002 |
10217205 |
Bank of Baroda |
20/03/2010 |
19/02/2011 |
28/08/2012 |
1000000000.0 |
Corporate Financial Services (Large Corporate) Branch Parliament Street, New Delhi-110001, India |
FIXED ASSETS:
- Plant and equipment
- Furniture and Fixture
- Computer
- Vehicles
- Office equipment
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 64.27 |
|
|
1 |
INR 89.72 |
|
Euro |
1 |
INR 79.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
BHG |
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.