|
|
|
MIRA
INFORM REPORT
|
Report No. : |
488840 |
|
Report Date : |
07.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
VEGA SALES AND SERVICES LLP |
|
|
|
|
Registered
Office : |
1st Floor, Tilak Apartments, 1578, Sadashiv Peth, Opposite Maharashtra
Mandal, Pune-411030, Maharashtra |
|
Tel. No.: |
91-22-41202200 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
03.12.2013 |
|
|
|
|
Total Obligation
of Contribution : |
INR 0.100 Million |
|
|
|
|
LLPIN: |
AAB-9020 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Divulged |
|
|
|
|
GST No.: |
Not Divulged |
|
|
|
|
Legal Form : |
Limited Liability Partnership Firm |
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|
|
|
Line of Business
: |
Dealer, Trader and Distributor of kinds of Telephones, Mobile Phones, Cell Phones, I-Phones, I-Pads, I-Pods Tablets and related Telephonic Instruments [Registered Activity] |
|
|
|
|
No. of Employees
: |
05 [Approximately] [As per Site Visit] |
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 |
|
Maximum Credit Limit : |
USD 290 [INR 18655.70] |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a limited liability firm (LLP) which was incorporated in the year 2013 and it is an authorized dealer and distributor of Vega Helmets. As per the financials of March 2017, the company has registered sharp decline in its revenue as compared to its previous year’s revenue and has reported average profit margin of 1.72%. Rating takes into consideration the subject’s limited track record of business operations marked by moderate financial risk profile along with above average debt coverage indicators and average liquidity position. Rating is further constrained on account of excess of fund withdrawal by its partners due to which capital base has been negative. Payments seem to be slow. In view of aforesaid, the company can be considered for business dealings with some caution. NOTE: Site visit was conducted at the given address which you have provided. Our executive has successfully traced the subject at the given address. At the premises, our executive met Mr. Rajendra Jain (Father of one of the Director) and he provided his contact details (020-41202200) and email-id (vegasales@gmail.com) As per our executive’s observation, it is a 3 storey building and subject is situated 1st floor. Location is easy to find and locality seems to be commercial. Area seems to be 300 Sq. Ft. and 5 employees were sighted at the given address. Area seems to be down-market. Landmark- Opp. Maharashtra Mandal High School. During the visit, our executive met with the neighbour companies (TCP Service Centre and Fathechanda Kesuram Oswal and Sons) who confirmed that the subject exists on the given address and they are aware about the subject.
Name board of the subject was sighted at the given address. |
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 DECLINED
MANAGEMENT NON-COOPERATIVE [91-22-41202200]
[91-20-41255552] Number is not working
91-989048512 Incomplete number
LOCATIONS
|
Registered Office : |
1st Floor, Tilak Apartments, 1578, Sadashiv Peth, Opp. Maharashtra
Mandal, Pune-411030, Maharashtra, India |
|
Tel. No.: |
91-22-41202200 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area: |
300 [Sq. Ft.] [As per Site Visit] |
|
Locality: |
Commercial [As per Site Visit] |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Kunal Rajendra Jain |
|
Designation : |
Designated Partner |
|
Address : |
110, Kumar Corner 1986, Convent Street, Pune-411001, Maharashtra, India |
|
Date of Birth/Age : |
11.10.1990 |
|
Date of Appointment : |
03.12.2013 |
|
DIN No.: |
03576372 |
|
|
|
|
Name : |
Mr. Rajmal Ghevarchand Jain |
|
Designation : |
Designated Partner |
|
Address : |
1986, Flat No 110 Convent Street, Kumar Corner, Pune-411001, Maharashtra, India |
|
Date of Birth/Age : |
27.05.1960 |
|
Date of Appointment : |
03.12.2013 |
|
DIN No.: |
03576374 |
CONTRIBUTION DETAILS
AS ON: 31.03.2017
|
Names of Persons |
|
Amount in
Million |
|
Kunal Rajendra Jain |
|
0.050 |
|
Rajmal Ghevarchand Jain |
|
0.050 |
|
|
|
|
|
Total |
|
0.100 |
BUSINESS DETAILS
|
Line of Business : |
Dealer, Trader and Distributor of kinds of Telephones, Mobile Phones, Cell Phones, I-Phones, I-Pads, I-Pods Tablets and related Telephonic Instruments [Registered Activity] |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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||||||||||||||
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No. of Employees : |
05 [Approximately] [As per Site Visit] |
||||||||||||||
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|
||||||||||||||
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Bankers : |
· Kotak Mahindra Bank Limited 928, Mantri Centre, F.C. Road,, Pune - 411006, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
MGM and Company Chartered Accountants |
|
Address: |
Pune, Maharashtra, India |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
|
Total Obligation of Concern |
INR 0.100
Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Contribution Received |
0.100 |
0.100 |
0.100 |
|
|
2] Reserves & Surplus |
0.000 |
3.686 |
1.417 |
|
|
3] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
0.100 |
3.786 |
1.517 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
6.734 |
|
|
2] Unsecured Loans |
4.142 |
8.562 |
0.000 |
|
|
TOTAL BORROWING |
4.142 |
8.562 |
6.734 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4.242 |
12.348 |
8.251 |
|
|
|
|
|
|
|
|
APPLICATION OF
FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.159 |
0.205 |
0.124 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000
|
1.484
|
|
|
Sundry Debtors |
6.743
|
5.817
|
10.495
|
|
|
Cash & Bank Balances |
1.448
|
2.517
|
0.736
|
|
|
Other Current Assets |
2.685
|
3.470
|
0.981
|
|
|
Loans & Advances |
1.403
|
0.678
|
5.632
|
|
Total
Current Assets |
12.279
|
12.482
|
19.328
|
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
7.993
|
0.022
|
6.975
|
|
|
Other Current Liabilities |
0.048
|
0.200
|
4.151
|
|
|
Provisions |
0.155
|
0.117
|
0.075
|
|
Total
Current Liabilities |
8.196
|
0.339
|
11.201
|
|
|
Net Current Assets |
4.083
|
12.143
|
8.127
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4.242 |
12.348 |
8.251 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
|
84.499 |
170.771 |
|
|
|
Other Income |
|
0.085 |
0.369 |
|
|
|
TOTAL |
|
84.584 |
171.140 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
Cost of Goods Sales |
|
79.968 |
163.284 |
|
|
|
Direct Expenses |
|
|
|
|
|
|
|
Salary |
|
1.013 |
0.600 |
|
|
|
Advance Rental |
|
0.000 |
0.002 |
|
|
|
Discount Allowed |
|
0.000 |
1.307 |
|
|
|
Special Discount |
|
0.000 |
0.449 |
|
|
|
Wingle Exchange Offer |
|
0.000 |
0.001 |
|
|
|
Indirect Expenses |
|
|
|
|
|
|
Advertisement |
|
0.000 |
0.029 |
|
|
|
Audit Fees |
|
0.045 |
0.045 |
|
|
|
Bad Debt |
|
0.016 |
0.000 |
|
|
|
C/C Renewals |
|
0.054 |
0.000 |
|
|
|
Conveyance |
|
0.006 |
0.000 |
|
|
|
Delivery Charges |
|
0.013 |
0.035 |
|
|
|
Diwali Bonus |
|
0.014 |
0.000 |
|
|
|
Electricity Exps |
|
0.058 |
0.113 |
|
|
|
Insurance |
|
0.004 |
0.004 |
|
|
|
Legal Exps |
|
0.003 |
0.000 |
|
|
|
Postage and Courier EXPS |
|
0.037 |
0.035 |
|
|
|
Printing and Stationery |
|
0.020 |
0.009 |
|
|
|
Repairs and maintenance |
|
0.085 |
0.051 |
|
|
|
Sales Promotion |
|
0.003 |
0.000 |
|
|
|
Shop Exps |
|
0.010 |
0.035 |
|
|
|
Special Discount |
|
0.229 |
0.000 |
|
|
|
Subsidiary Receivable from Om Enterprises |
|
0.006 |
0.000 |
|
|
|
Tea Exps |
|
0.002 |
0.000 |
|
|
|
Travelling Exps |
|
0.143 |
0.256 |
|
|
|
Remuneration to Partners |
|
0.700 |
0.600 |
|
|
|
Vat Exps |
|
0.000 |
0.040 |
|
|
|
Cycle Purchase |
|
0.000 |
0.004 |
|
|
|
Excess/ Shortage |
|
0.000 |
0.002 |
|
|
|
Loan Processing Fees |
|
0.000 |
0.054 |
|
|
|
Price Drop |
|
0.000 |
0.065 |
|
|
|
Stamp Paper |
|
0.000 |
0.001 |
|
|
|
TOTAL |
|
82.429 |
167.021 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE INTEREST AND
DEPRECIATION AND AMORTISATION |
|
2.155 |
4.119 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
0.655 |
1.093 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE, DEPRECIATION AND AMORTISATION |
|
1.500 |
3.026 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
|
0.046 |
0.080 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT/ (LOSS) |
|
1.454 |
2.946 |
|
|
|
PARTICULARS |
|
|
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
|
|
100.845 |
|
|
|
Other Income |
|
|
0.300 |
|
|
|
TOTAL |
|
|
101.145 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
|
|
98.087 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
|
|
(1.484) |
|
|
|
Other expenses |
|
|
3.954 |
|
|
|
Payment to auditor |
|
|
0.045 |
|
|
|
Insurance Expenses |
|
|
0.004 |
|
|
|
TOTAL |
|
|
100.606 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
|
0.539 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
0.121 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
0.418 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.017 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX |
|
|
0.401 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
|
|
0.401 |
|
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
29.13 |
12.43 |
37.99 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
12.53 |
29.36 |
9.61 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
36.48 |
0.05 |
25.96 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.36 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
13.55 |
20.09 |
4.35 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.99 |
0.70 |
0.92 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
41.42 |
2.26 |
4.44 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
123.38 |
2.35 |
7.38 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.59 |
0.05 |
0.08 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.29 |
3.77 |
4.45 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.72 |
1.73 |
0.40 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
11.69 |
23.22 |
2.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
1454.00 |
77.81 |
26.43 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.00 |
1.40 |
1.73 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.00 |
1.40 |
1.59 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.01 |
0.30 |
0.08 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
41.42 |
85.62 |
67.34 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.00 |
1.40 |
1.73 |
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 |
|
Contribution Received |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
1.417 |
3.686 |
0.000 |
|
Net worth |
1.517 |
3.786 |
0.100 |
|
|
|
|
|
|
Secured Loan |
6.734 |
0.000 |
0.000 |
|
Unsecured Loan |
0.000 |
8.562 |
4.142 |
|
Total borrowings |
6.734 |
8.562 |
4.142 |
|
Debt/Equity ratio |
4.439 |
2.261 |
41.420 |
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 |
100.845 |
170.771 |
84.499 |
|
|
|
69.340 |
(50.519) |
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 |
100.845 |
170.771 |
84.499 |
|
Profit/ (Loss) |
0.450 |
2.946 |
1.454 |
|
|
0.45% |
1.73% |
1.72% |
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 |
Yes |
|
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 |
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 teo 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 |
No |
|
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
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
L02353126 |
10548681 |
KOTAK MAHINDRA BANK LIMITED |
24/12/2014 |
- |
- |
12000000.0 |
928, MANTRI CENTRE, F.C. ROAD, PUNE Pune MH 411006 IN |
OBSERVATION POINTS
|
Name of Company : |
VEGA SALES AND SERVICES LLP |
|
|
|
|
Address : |
1st Floor, Tilak Apartments, 1578, Sadashiv Peth, Opposite Maharashtra
Mandal, Pune-411030, Maharashtra, India |
|
Contact No.: |
91-22-41202200 |
|
|
|
|
Date of Visit : |
02.02.2018 |
|
|
|
|
Person to whom we met: |
Mr. Rajendra Jain (Father of one of the Director) |
|
|
|
|
Name Board : |
Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark (If Any): |
Opposite Maharashtra Mandal High School |
|
|
|
|
Total Floors of the Building : |
3 Floors |
|
|
|
|
Subject situated on: |
1st Floor |
|
|
|
|
Locality: |
Commercial |
|
|
|
|
Area of Premises : |
300 [Sq. Ft.] |
|
|
|
|
Area : |
Neutral |
|
|
|
|
No. of employees seen at premises: |
05 [Approximately] |
|
|
|
|
Visibility of
Items: |
·
Telephone ·
Fax Machine ·
Computers ·
Air Conditioner |
|
|
|
|
Neighbours Interview : |
Our executive met with the neighbour companies (TCP Service Centre and Fathechanda Kesuram Oswal and Sons) who confirmed that the subject exists on the given address and they are aware about the subject. |
|
|
|
|
Proof of visit: |
Photos |
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 64.27 |
|
UK Pound |
1 |
INR 89.72 |
|
Euro |
1 |
INR 79.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
RUP |
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.