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|
|
MIRA INFORM REPORT
|
Report No. : |
444614 |
|
Report Date : |
09.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
GANDHI MEDICOS |
|
|
|
|
Registered
Office : |
51, First Floor, Portion 1, Rani Jhansi Road, New Delhi - 110055 |
|
Tel. No.: |
91-11-45007207 |
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|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Establishment : |
25.11.2006 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 6.912 Million |
|
|
|
|
IEC No.: |
0515036889 |
|
|
|
|
TIN No.: |
07720325802 |
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|
|
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PAN No.: [Permanent Account No.] |
AAGPG0572K |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Wholesalers,
Distributor, Supplier of Pharmaceutical Products like Valgan 450mg,
Sofosbuvir 400 mg, Hepcinat 400 mg, Sirolimus Tablets, etc. [Confirmed by
management] |
|
|
|
|
No. of Employees
: |
20 (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 |
|
Maximum Credit Limit : |
USD 19700 |
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|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Gandhi Medicos is a proprietorship firm, established in the year 2006. It is a wholesaler, distributor and supplier of Pharmaceutical products like Valgan 450mg, Sofosbuvir 400 mg, and Hepcinat 400mg and Sirolimus Tables. As per the financial records of 2016, the firm has achieved 139.73% growth in its revenue as compared to the previous year along with profit margin of 1.19%. Rating takes into consideration the sound financial position of the firm along with adequate capital base and negligible debt level. Furthermore, we have received satisfactory feedback regarding the business transactions from its Customer (Ganpati Biotech Limited).
Payments are termed to be usually correct. In view of aforesaid, Gandhi Medicos can be considered for business dealings at usual trade terms and conditions. Note: Site visit was conducted at the registered address. Our executive has successfully traced the subject firm on the registered address. At the premises, our executive met Mr. Yoginder (Accountant) and he provided contact details. Further, our executive also enquired with the vicinity and he confirmed that the subject firm is situated on the registered address. As per our executive’s observation, it is a 3 storey building and the firm is situated on 1st floor of the building. Location was easy to find. Locality appears to be commercial and area seems to be upmarket. It is a rented premises and total area of premises is approximately 3600 sq. ft. and 20 employees were sighted at the premises. Name board of the subject firm was not sighted at the registered 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 (31.12.2016) |
Current Rating (31.03.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Simranjit Singh Gandhi [General Details] |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9811604444 |
|
|
|
|
Name : |
Mr. Yoginder [Financial Information] |
|
Designation : |
Accountant |
|
Contact No.: |
91-9999532597 |
|
Date : |
20.07.2017 |
LOCATIONS
|
Registered Office : |
51, First Floor, Portion 1, Rani Jhansi Road, New Delhi – 110055, India |
|
Tel. No.: |
91-11-45007207 |
|
Mobile No.: |
91-9811604444 [Mr. Simranjit Singh Gandhi] |
|
Fax No.: |
Not Available |
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E-Mail : |
|
|
Website : |
|
|
Area : |
3500 Sq. Ft. |
|
Location : |
Rented |
|
Locality : |
Commercial |
|
|
|
|
Warehouse : |
15/74, Basement, Old Rajinder Nagar, New Delhi – 110060, India |
|
Locality : |
Residential |
SOLE PROPRIETOR
|
Name : |
Mr. Avtar Singh Hawela Singh Gandhi |
|
Designation : |
Proprietor |
|
Address: |
16/8, First Floor, Old Rajinder Nagar, Central Delhi – 110060, India |
|
Date of Birth: |
03.11.1962 |
|
Qualification : |
H.S.C. |
|
PAN No.: |
AAGPG0572K |
|
Aadhaar Card No.: |
7153 9825 0665 |
KEY EXECUTIVES
|
Name : |
Mr. Simranjit Singh Gandhi |
|
Designation : |
Chief Executive Officer |
|
|
|
|
Name : |
Mr. Yoginder |
|
Designation : |
Accountant |
BUSINESS DETAILS
|
Line of Business : |
Wholesalers,
Distributor, Supplier of Pharmaceutical Products, like Valgan 450mg,
Sofosbuvir 400 mg, Hepcinat 400 mg, Sirolimus Tablets, etc. [Confirmed by
management] |
|
|
|
|
Products/ Services : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Medicines |
|
Countries : |
|
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
Cheque and Credit [30 Days] |
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|
|
|
Purchasing : |
Cheque and Credit [30 Days] |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers and End Users
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No. of Employees : |
20 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
R.S. Chabra and Associates Chartered Accountants |
|
Address : |
124, Third Floor, Shankar Road Market, New Rajinder Nagar, New Delhi –
110060, India |
|
Tel No.: |
91-11-47147157 |
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Mobile No.: |
91-9810007157 |
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Email: |
|
|
Website: |
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Collaborators : |
Not Available |
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|
|
|
Membership : |
Not Available |
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|
|
|
Sister Concern : |
Not Divulged |
CAPITAL STRUCTURE [MR. AVTAR SINGH GANDHI]
AS ON 31.03.2016
|
Particulars |
Amount |
Particulars |
Amount |
|
|
|
|
|
|
To Drawings |
2.414 |
By Opening Balance |
6.261 |
|
To Provision for Income Tax |
1.300 |
|
|
|
To Advance Tax |
0.000 |
By Net Profit |
4.365 |
|
By Closing balance |
6.912 |
|
|
|
Total |
10.626 |
Total |
10.626 |
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Proprietor’s Capital |
6.912 |
6.261 |
5.233 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
6.912 |
6.261 |
5.233 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
5.893 |
6.926 |
8.992 |
|
|
2] Unsecured Loans |
3.390 |
2.484 |
2.517 |
|
|
TOTAL
BORROWING |
9.283 |
9.410 |
11.509 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
16.195 |
15.671 |
16.742 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
5.607 |
5.534 |
5.537 |
|
|
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 |
49.557 |
|
|
|
|
Sundry Debtors |
11.795 |
|
|
|
|
Cash & Bank Balances |
11.101 |
|
|
|
|
Other Current Assets |
0.276 |
26.308 |
28.976 |
|
|
Loans & Advances |
9.507 |
0.724 |
0.011 |
|
Total Current Assets |
82.236 |
27.032 |
28.987 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
67.378 |
15.764 |
16.761 |
|
|
Other Current Liabilities |
2.970 |
1.131 |
1.021 |
|
|
Provisions |
1.300 |
0.000 |
0.000 |
|
Total Current Liabilities |
71.648 |
16.895 |
17.782 |
|
|
Net Current
Assets |
10.588 |
10.137 |
11.205 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
16.195 |
15.671 |
16.742 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
368.206 |
153.590 |
133.445 |
|
|
Other Income |
0.080 |
1.527 |
0.850 |
|
|
TOTAL |
368.286 |
155.117 |
134.295 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
342.065 |
141.918 |
123.331 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Telephone expenses |
0.227 |
0.259 |
0.183 |
|
|
Processing fee |
0.000 |
0.006 |
0.018 |
|
|
Business Promotion
Expenses |
0.701 |
0.586 |
0.422 |
|
|
Bonus |
1.261 |
0.674 |
0.606 |
|
|
Conveyance |
0.446 |
0.432 |
0.249 |
|
|
Electricity Expenses |
0.276 |
0.236 |
0.225 |
|
|
Audit fees |
0.050 |
0.025 |
0.025 |
|
|
Salary |
8.127 |
4.140 |
3.709 |
|
|
Legal and professional
charges |
0.030 |
0.064 |
0.031 |
|
|
Newspaper and periodicals |
0.215 |
0.212 |
0.000 |
|
|
Miscellaneous Expenses |
0.482 |
0.389 |
0.322 |
|
|
Rent |
0.844 |
0.932 |
0.791 |
|
|
Printing and stationery |
0.513 |
0.170 |
0.075 |
|
|
Staff welfare |
0.832 |
0.516 |
0.319 |
|
|
Advertisement |
0.518 |
0.035 |
0.010 |
|
|
Commission |
0.000 |
0.001 |
0.014 |
|
|
Short and Excess |
0.029 |
0.006 |
(0.021) |
|
|
Cartage |
0.052 |
0.033 |
0.000 |
|
|
Computer Expenses |
0.038 |
0.033 |
0.000 |
|
|
Insurance |
0.241 |
0.054 |
0.052 |
|
|
Packing materials |
0.272 |
0.139 |
0.074 |
|
|
Postage and courier |
3.607 |
0.067 |
0.032 |
|
|
Bad debt |
0.009 |
0.127 |
0.078 |
|
|
Vredit card swaping
charges |
0.046 |
0.091 |
0.066 |
|
|
Diwali expenses |
0.081 |
0.094 |
0.190 |
|
|
Licence fees |
0.006 |
0.006 |
0.008 |
|
|
ISO certification fee |
0.007 |
0.000 |
0.000 |
|
|
Interest on TDS |
0.000 |
0.000 |
0.000 |
|
|
Association fee |
0.000 |
0.002 |
0.024 |
|
|
Helpline pharma solution |
0.000 |
0.003 |
0.002 |
|
|
Internet charges |
0.000 |
0.005 |
0.011 |
|
|
Website charges |
0.005 |
0.043 |
0.003 |
|
|
Discount |
0.000 |
0.017 |
0.903 |
|
|
Tours and travelling
expenses |
0.498 |
0.098 |
0.022 |
|
|
Office expenses |
0.085 |
0.000 |
0.000 |
|
|
Repair and maintenance |
0.124 |
0.284 |
0.249 |
|
|
Software charges |
0.103 |
0.013 |
0.015 |
|
|
Sales tax additional
demand |
0.041 |
0.000 |
0.000 |
|
|
Vehicle running and
maintenance |
0.569 |
0.377 |
0.088 |
|
|
Water expenses |
0.079 |
0.129 |
0.041 |
|
|
Donation |
0.000 |
0.000 |
0.029 |
|
|
Insurance to staff |
0.000 |
0.000 |
0.122 |
|
|
TOTAL |
362.479 |
152.216 |
132.318 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION |
5.807 |
2.901 |
1.977 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.975 |
1.056 |
0.138 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION |
4.832 |
1.845 |
1.839 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
0.467 |
0.414 |
0.434 |
|
|
|
|
|
|
|
|
NET PROFIT |
4.365 |
1.431 |
1.405 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Operating Income * 365
Days) |
741.38 |
0.00 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Operating Income
/ Sundry Debtors) |
0.49 |
0.00 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
71.90 |
40.54 |
49.60 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.12 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.04 |
0.52 |
0.36 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.92 |
0.81 |
0.85 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.34 |
1.50 |
2.20 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
10.86 |
3.10 |
3.88 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.81 |
0.88 |
1.06 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
5.96 |
2.75 |
14.33 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
1.19 |
0.93 |
1.05 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
4.97 |
4.39 |
4.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
63.15 |
22.86 |
26.85 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.10 |
1.39 |
1.43 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.44 |
1.39 |
1.43 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.08 |
0.19 |
0.15 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1.34 |
1.50 |
2.20 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.10 |
1.39 |
1.43 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Proprietor’s
Capital |
5.233 |
6.261 |
6.912 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
5.233 |
6.261 |
6.912 |
|
|
|
|
|
|
Secured Loan |
8.992 |
6.926 |
5.893 |
|
Unsecured Loan |
2.517 |
2.484 |
3.390 |
|
Total
borrowings |
11.509 |
9.410 |
9.283 |
|
Debt/Equity
ratio |
2.199 |
1.503 |
1.343 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
133.445 |
153.590 |
368.206 |
|
|
|
15.096 |
139.733 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
133.445 |
153.590 |
368.206 |
|
Profit |
1.405 |
1.431 |
4.365 |
|
|
1.05% |
0.93% |
1.19% |
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 |
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 |
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 |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
No |
|
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 |
No |
|
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 |
Note: As claimed by Mr. Yoginder Singh (Accountant) that the registered office of the concern has been shifted from “16/8, Ground Floor, Old Rejinder Nagar, New Delhi – 110060, India” to the present registered address.
|
OBSERVATION POINTS |
|
Name of Company : |
GANDHI MEDICOS |
|
|
|
|
Address : |
51, First Floor, Portion 1, Rani Jhansi Road, New Delhi –
110055, India |
|
|
|
|
Tel No.: No.: |
91-11-45007207 |
|
|
|
|
Person to whom we met: |
Mr. Yoginder |
|
|
|
|
Designation : |
Accountant |
|
|
|
|
Name Board : |
Not Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark (If Any): |
Near Jhandewalan Temple |
|
|
|
|
Total Floors of the building: |
Three Storey Building |
|
|
|
|
Subject situated on: |
1st Floor |
|
|
|
|
Locality: |
Commercial |
|
|
|
|
Area of premises : |
3600 Sq. Ft. |
|
|
|
|
Area : |
Upmarket |
|
|
|
|
No. of employees seen at premises: |
20 |
|
|
|
|
Visibility of
Items: |
·
Telephone ·
Computers ·
Fax Machine ·
Telex ·
Air Conditioner ·
Office Equipment ·
Xerox machine |
|
|
|
|
Furniture Item
Sighted: |
Yes |
|
|
|
|
Neighbour’s
Interview: |
|
|
Name of company: |
Brite Safe |
|
Contact Person
Name: |
Mr. Paramjeet Singh |
|
|
Note: During the site visit our executive met neighbour Mr. Paramjeet Singh
from (Brite Safe), they confirmed that subject is exist on given premises. |
|
|
|
|
Proof of visit: |
Photograph |
PHOTOGRAPH:
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 64.32 |
|
|
1 |
INR 83.54 |
|
Euro |
1 |
INR 74.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHT |
|
|
|
|
Analysis Done by
: |
VRS |
|
|
|
|
Report Prepared
by : |
GEET
|
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 |
YES |
|
--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 |
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.