|
|
|
MIRA INFORM REPORT
|
Report No. : |
490710 |
|
Report Date : |
07.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
ZENITH DYEINTERMEDIATES LIMITED |
|
|
|
|
Registered
Office : |
Industry House 159, 5th Floor, Churchgate Reclamation,
Mumbai-400020, Maharashtra |
|
Tel. No.: |
91- 22 - 22026340 / 22045097 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
17.06.2002 |
|
|
|
|
Com. Reg. No.: |
11-136229 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 7.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74120MH2002PLC136229 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GSTIN: |
27AAACZ2155N1ZY |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACZ2155N |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of chemical, dyes, intermediaries (Registered activity and also confirmed by management) |
|
|
|
|
No. of Employees
: |
30 (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 |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2002. It is a manufacturer, exporter and importer of chemicals. As per the financial records of 2017, the company has achieved a massive growth of 242.11% in its revenue as compared to the previous year’s revenue and has reported an average profitability margin of 3.99%. The company possesses satisfactory financial position marked by adequate networth base along with negligible debt level and comfortable liquidity parameters. Rating takes into consideration the company’s favourable Earning Per Share (EPS) of INR 59.02 as against its face value (FV) of INR 10. Business is active. Payment seems to be usually correct. In view of aforesaid, the company can be considered for
business dealings 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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 07.07.2018
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. Sarvesh Rameshchandra Agrawal |
|
Designation : |
Director |
|
Contact No.: |
91-9960469057 |
|
Date : |
06.02.2017 |
LOCATIONS
|
Registered Office : |
Industry House 159, 5th Floor, Churchgate Reclamation,
Mumbai-400020, Maharashtra, India |
|
Tel. No.: |
91- 22-22026340 / 22045097 |
|
Mobile No.: |
91-9960469057 (Mr. Sarvesh Rameshchandra Agrawal) |
|
Fax No.: |
91-22-2282 8865 |
|
E-Mail : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Raghunandan Bhomia |
|
Designation : |
Whole Time Director |
|
Address : |
3, Satelite Garden, Film City Road, Goregan (East),
Mumbai-400063, Maharashtra, India |
|
Date of Birth/Age : |
10.06.1957 |
|
Date of Appointment : |
17.06.2002 |
|
PAN No.; |
AFOPM7898B |
|
DIN No.: |
00008214 |
|
|
|
|
Name : |
Mr. Ravindra Eknathrao Patil |
|
Designation : |
Director |
|
Address : |
Flat No. 502, Vaishali Nagar, Ekta Co-Operative Housing
Society, K.K. Narg, Near Jacob Circle, Satrasta, Mumbai-400011, Maharashtra,
India |
|
Date of Birth/Age : |
16.10.1963 |
|
Date of Appointment : |
11.03.2014 |
|
PAN No.: |
AAIPP2671G |
|
DIN No.: |
06753906 |
|
|
|
|
Name : |
Mr. Sarvesh Rameshchandra Agrawal |
|
Designation : |
Director |
|
Address : |
Chitrakut F.N 24, Zenith Colony, Tapp / Boisar Tarapur
Road, Salgaon Tarapur App, Thane-401504, Maharashtra, India |
|
Date of Birth/Age : |
01.01.1960 |
|
Date of Appointment : |
26.03.2015 |
|
PAN No.: |
APNPA6832L |
|
DIN No.: |
07135994 |
|
|
|
|
Name : |
Mr. Rajasekhara Raghava Kurup |
|
Designation : |
Director |
|
Address : |
Near Valmiki Mandir, E-6, Raeen Sadan Prem Nagar, Saki Vihar Road Powai 400072, Maharashtra, India |
|
Date of Birth/Age : |
28.04.1960 |
|
Date of Appointment : |
25.04.2017 |
|
PAN No.: |
AQQPK1735Q |
|
DIN No.: |
07243445 |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Raghun and Bhomia |
100 |
|
Nirved Traders Private Limited, India |
207500 |
|
Godavari Corporation Private Limited, India |
207500 |
|
Shearson Investments and Trading Co.
Private Limited, India |
284700 |
|
Manish Malani |
100 |
|
Birla Shloka Edutech Limited, India |
50 |
|
H.P. Thakar |
50 |
|
Total |
700000 |
Equity Share Break up (Percentage of Total Equity)
As on 22.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
0.04 |
|
Promoters (Body corporate) |
99.96 |
|
Total |
100 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of chemical, dyes, intermediaries (Registered activity and also confirmed by management) |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Chemicals |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Imports : |
|||||
|
Products : |
Raw material |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Terms : |
|||||
|
Selling : |
Cheque, Cash |
||||
|
|
|
||||
|
Purchasing : |
Cheque, Cash |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
End Users
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
30 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
V P Agarwal and Company Chartered Accountants |
|
Address : |
Shop No – 1013, Janki Heritage, Bldg Above Shrinidhi Hotel Opposite Maxus Hall, Bhayandar (West), Thane- 401101, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AGAPA8393C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates : |
|
CAPITAL STRUCTURE
As on 22.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
INR 10/- each |
INR 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
700000 |
Equity Shares |
INR 10/- each |
INR 7.000 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 |
7.000 |
7.000 |
7.000 |
|
(b) Reserves & Surplus |
176.864 |
136.394 |
99.782 |
|
(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) |
183.864 |
143.394 |
106.782 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
10.093 |
5.025 |
5.466 |
|
(b) Deferred tax liabilities (Net) |
1.818 |
2.107 |
0.017 |
|
(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) |
11.911 |
7.132 |
5.483 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
218.230 |
19.407 |
23.301 |
|
(c)
Other current liabilities |
161.383 |
141.416 |
0.715 |
|
(d)
Short-term provisions |
60.887 |
24.373 |
27.332 |
|
Total
Current Liabilities (4) |
440.500 |
185.196 |
51.348 |
|
|
|
|
|
|
TOTAL |
636.275 |
335.722 |
163.613 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
22.072 |
15.646 |
11.178 |
|
(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 |
0.040 |
0.040 |
0.040 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and
Advances |
57.110 |
40.141 |
45.613 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
79.222 |
55.827 |
56.831 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
108.837 |
81.740 |
36.724 |
|
(c)
Trade receivables |
3.392 |
0.461 |
13.956 |
|
(d)
Cash and cash equivalents |
81.069 |
64.158 |
46.924 |
|
(e)
Short-term loans and advances |
15.404 |
7.770 |
4.551 |
|
(f)
Other current assets |
348.351 |
125.766 |
4.627 |
|
Total
Current Assets |
557.053 |
279.895 |
106.782 |
|
|
|
|
|
|
TOTAL |
636.275 |
335.722 |
163.613 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
1034.571 |
302.409 |
332.604 |
|
|
|
Other Income |
3.522 |
1.973 |
1.499 |
|
|
|
TOTAL |
1038.093 |
304.382 |
334.103 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
809.222 |
170.396 |
189.140 |
|
|
|
Purchases of Stock-in-Trade |
0.000 |
15.933 |
0.000 |
|
|
|
Changes in Inventories |
(40.400) |
(17.349) |
‘(5.906) |
|
|
|
Employees benefits expense |
21.019 |
20.587 |
22.954 |
|
|
|
Other expenses |
180.633 |
53.712 |
59.487 |
|
|
|
TOTAL |
970.474 |
243.279 |
265.675 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
67.619 |
61.103 |
68.428 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2.177 |
1.961 |
2.157 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
65.442 |
59.142 |
66.271 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.936 |
2.833 |
2.611 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
62.506 |
56.309 |
63.660 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
21.193 |
19.306 |
19.388 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
41.313 |
37.003 |
44.272 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings [FOB Value] |
233.196 |
291.277 |
324.319 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
75.212 |
146.420 |
158.750 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
59.02 |
53.48 |
63.25 |
|
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 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
62.506 |
56.309 |
NA |
|
Net cash flows from (used in) operating activity |
62.506 |
56.309 |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
1.20 |
0.56 |
15.32 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
305.00 |
655.98 |
23.83 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
98.43 |
38.02 |
44.97 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.62 |
0.75 |
1.86 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
3.06 |
3.91 |
6.12 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.71 |
0.57 |
0.35 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.05 |
0.04 |
0.05 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.40 |
1.29 |
0.48 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.12 |
0.11 |
0.10 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
31.06 |
31.16 |
31.72 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
3.99 |
12.24 |
13.31 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
6.49 |
11.02 |
27.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
22.47 |
25.81 |
41.46 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.26 |
1.51 |
2.08 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
1.02 |
1.07 |
1.36 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.29 |
0.43 |
0.65 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1.44 |
0.72 |
0.78 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.26 |
1.51 |
2.08 |
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 |
7.000 |
7.000 |
7.000 |
|
Reserves & Surplus |
99.782 |
136.394 |
176.864 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
106.782 |
143.394 |
183.864 |
|
|
|
|
|
|
long-term borrowings |
5.466 |
5.025 |
10.093 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
5.466 |
5.025 |
10.093 |
|
Debt/Equity
ratio |
0.051 |
0.035 |
0.055 |
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 |
332.604 |
302.409 |
1034.571 |
|
|
|
(9.078) |
242.110 |
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 |
332.604 |
302.409 |
1034.571 |
|
Profit |
44.272 |
37.003 |
41.313 |
|
|
13.31% |
12.24% |
3.99% |
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 |
Yes |
|
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 |
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) |
Yes |
|
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 |
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 |
Yes |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
OPERATING AND FINANCIAL PERFORMANCE:
The company has reported total revenue of 1038.093 for the current year as compared to INR 304.382 million in the previous year. The net Profit for the year amounted to INR 41.313 million in the current year as compared to INR 37.003 million in the previous year.
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Other loans and advances |
5.025 |
5.025 |
|
|
|
|
|
Total |
5.025 |
5.025 |
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
A37678125 |
80044840 |
11/07/2005 |
17/04/2008 |
- |
22500000.0 |
HOTEL OBEROI TOWER BRANCHNARIMAN POINT MUMBAI-400021 MAHARASHTRA, INDIA |
FIXED ASSETS
- Plant and equipment
- Other plant and equipment
- Vehicles
- Motor vehicles
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 63.61 |
|
|
1 |
INR 90.17 |
|
Euro |
1 |
INR 78.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
PUJ |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--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.