|
|
|
MIRA INFORM REPORT
|
Report No. : |
490998 |
|
Report Date : |
09.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
KOLTE-PATIL REAL ESTATE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2nd Floor, City Point, Dhole Patil Road, Pune – 411001, Maharashtra |
|
Tel. No.: |
91-20-65340015 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
07.11.2006 |
|
|
|
|
Com. Reg. No.: |
11-129191 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 269.388 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U70102PN2006PTC129191 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEK07434A |
|
|
|
|
GSTIN : |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCK9285A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is primarily engaged in the business of construction and development of residential and commercial complexes, flats, shopping malls, etc. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information declined by the management
|
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 : |
Good |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of ‘Kolte-Patil Developers Limited’, India and
was incorporated on 7th November 2006. It is engaged providing
Real Estate business. For the financial year ended 2016, revenue of the company has declined
by 46.50% but has maintained decent profit margin of 18.85% during the year
under review. The sound financial profile of the company is reflected by its above
average solvency indicators due to low debt balance sheet profile along with
sound net worth base and average liquidity position. Rating takes into account of strong financial and managerial support
that company receives from its holding entity backed by its well experienced
management team. However, rating strengths are partially offset by unfavorable gap
between trade payables and trade receivables. Business is active. Payments seems to be slow but correct. In view of aforesaid, the company can be considered good for normal
business dealings at usual trade terms and conditions. Note: As per the
Registrar of Companies date of balance sheet (i.e. financial filed) is shown
as 31.03.2017 but documents related to financial for the year 31.03.2017 are
not available from any sources. |
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 09.02.2018
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 BY
|
Name : |
Ms. Varsha |
|
Contact No.: |
91-20-66226501 |
|
Date : |
07.02.2018 |
LOCATIONS
|
Registered Office : |
2nd Floor, City Point, Dhole Patil Road, Pune – 411001, Maharashtra,
India |
|
Tel. No.: |
91-20-65340015 / 66226501 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Milind Digambar Kolte |
|
Designation : |
Director |
|
Address : |
118/124 Plot No. 46, Aundh National Society Building
Const., Pune-411007, Maharashtra, India |
|
Date of Birth/Age : |
16.05.1961 |
|
Date of Appointment : |
07.11.2006 |
|
DIN No.: |
00170760 |
|
|
|
|
Name : |
Shripad Prabhakar Gumaste |
|
Designation : |
Director |
|
Address : |
26 Sant Sopandeo Society Santnagar, Pune – 411009, Mh In |
|
Date of Appointment : |
25.03.2015 |
|
DIN No.: |
01776483 |
|
|
|
|
Name : |
Mr. Sunita Kumar Manwani |
|
Designation : |
Nominee director |
|
Address : |
2204, Snowden Peak Neptune Living Point, LBS Marg, Bhandup (West),
Mumbai – 400078, Maharashtra, India |
|
Date of Birth/Age : |
17.01.1972 |
|
Date of Appointment : |
16.07.2013 |
|
DIN No.: |
01839009 |
|
|
|
|
Name : |
Jayant Gopal Pendse |
|
Designation : |
Director |
|
Address : |
Pl No 11, Sect 25, P C N T A Nigadi, Pune – 411044, Maharashtra, India |
|
Date of Appointment : |
25.03.2015 |
|
DIN No.: |
02434630 |
|
|
|
|
Name : |
Mr. Gopal Girdharilalji Sarda |
|
Designation : |
Nominee Director |
|
Address : |
3C-A2-3 New Ajanta Avenue Socy Off Paud Road, Near Krishna
Hospital, Kothrud, Pune – 411029, Maharashtra, India |
|
Date of Appointment : |
09.08.2017 |
|
DIN No.: |
07324789 |
|
|
|
|
Name : |
Mr. Shabbir Taherali Mangalorewala |
|
Designation : |
Nominee Director |
|
Address : |
1001, Raj Tower, Plot No. 3, M.G. Road Near Vohra Colony, Kandivali
West, Mumbai – 400067, Maharashtra, India |
|
Date of Appointment : |
26.07.2016 |
|
DIN No.: |
07573589 |
KEY EXECUTIVES
|
Name : |
Mahendra Kumar Chauhan |
|
Designation : |
Chief Financial Officer (KMP) |
|
Address : |
Nl-21/23/A-8 Nerul, Navi Mumbai – 400706, Maharashtra, India |
|
Date of Appointment : |
09.02.2016 |
|
PAN No: |
AGZPC7804K |
|
|
|
|
Name : |
Avanti Nikhil Gulavani |
|
Designation : |
Company Secretary |
|
Address : |
Flat No. 202, Rahul Vihar A, Lane No. 08, Dahanuka Kothrud, Pune – 411038, Maharashtra, India |
|
Date of Appointment : |
01.08.2017 |
|
PAN No: |
AWMPD5405A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Kolte-Patil Developers Limited |
|
13738775 |
|
K2A Residential Limited |
|
13200000 |
|
|
|
|
|
Total |
|
26938775 |
Equity Share Break up (Percentage of Total Equity)
AS ON 27.09.2017
|
Category |
Percentage |
|
Promoters - Body corporate |
51.00 |
|
Public/Other than promoters – Others |
49.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is primarily engaged in the business of
construction and development of residential and commercial complexes, flats,
shopping malls, etc. [Registered Activity] |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Financial Institution : |
L&T Housing Finance Limited, L&T House, Narottam
Morarji Marg, Ballard Estate, Mumbai – 400001, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
SPCM and Associates Chartered Accountants |
|
Address : |
1211/B, Shukrawar Peth, Subhash Nagar, Lane No. 4, Pune - 411 002, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFB8864C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company: |
Kolte-Patil Developers Limited, India [L45200PN1991PLC129428] |
|
|
|
|
Joint Venture : |
K2A Residential Limited, Mauritius |
CAPITAL STRUCTURE
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
44000000 |
Equity Shares |
INR 10/- each |
INR 440.000 Million |
|
1000000 |
Preference Shares |
INR 10/- each |
INR 10.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 450.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
26938775 |
Equity Shares |
INR 10/- each |
INR 269.388
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
269.388 |
269.388 |
315.332 |
|
(b) Reserves & Surplus |
1366.744 |
1534.303 |
1489.314 |
|
(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) |
1636.132 |
1803.691 |
1804.646 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
151.384 |
19.352 |
60.994 |
|
(b) Deferred tax liabilities (Net) |
5.572 |
1.111 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
18.468 |
20.448 |
19.701 |
|
Total Non-current Liabilities
(3) |
175.424 |
40.911 |
80.695 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
140.802 |
114.715 |
63.115 |
|
(c) Other
current liabilities |
294.938 |
364.998 |
479.637 |
|
(d) Short-term
provisions |
115.677 |
247.806 |
125.019 |
|
Total Current
Liabilities (4) |
551.417 |
727.519 |
667.771 |
|
|
|
|
|
|
TOTAL |
2362.973 |
2572.121 |
2553.112 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
3.886 |
4.948 |
6.381 |
|
(ii)
Intangible Assets |
20.722 |
6.159 |
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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.071 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
3.639 |
|
(e) Other
Non-current assets |
3.190 |
1.542 |
1.161 |
|
Total Non-Current
Assets |
27.798 |
12.649 |
11.252 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1860.339 |
1941.666 |
2251.290 |
|
(c) Trade
receivables |
283.655 |
388.484 |
174.254 |
|
(d) Cash
and cash equivalents |
65.064 |
5.136 |
21.800 |
|
(e)
Short-term loans and advances |
125.874 |
208.450 |
76.411 |
|
(f) Other
current assets |
0.243 |
15.736 |
18.105 |
|
Total
Current Assets |
2335.175 |
2559.472 |
2541.860 |
|
|
|
|
|
|
TOTAL |
2362.973 |
2572.121 |
2553.112 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1024.170 |
1911.967 |
1059.269 |
|
|
|
Other Income |
1.243 |
4.953 |
6.917 |
|
|
|
TOTAL |
1025.413 |
1916.920 |
1066.186 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
623.309 |
1109.907 |
631.900 |
|
|
|
Employees benefits expense |
12.490 |
17.003 |
12.457 |
|
|
|
Other expenses |
41.610 |
72.396 |
61.461 |
|
|
|
TOTAL |
677.409 |
1199.306 |
705.818 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
348.004 |
717.614 |
360.368 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
24.641 |
4.840 |
18.255 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
323.363 |
712.774 |
342.113 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
4.350 |
3.124 |
0.837 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
319.013 |
709.650 |
341.276 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
125.988 |
250.969 |
114.683 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
193.025 |
458.681 |
226.593 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.17 |
14.79 |
6.59 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
110.493 |
32.982 |
527.019 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
101.09 |
74.16 |
60.04 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.61 |
4.92 |
6.08 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
82.45 |
37.72 |
36.46 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.19 |
0.37 |
0.16 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
14.14 |
64.61 |
56.48 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.30 |
0.29 |
0.29 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.09 |
0.01 |
0.03 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.34 |
0.40 |
0.37 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.02 |
0.01 |
0.00 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
14.12 |
148.27 |
19.74 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
18.85 |
23.99 |
21.39 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
8.17 |
17.83 |
8.88 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
11.80 |
25.43 |
12.56 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
4.23 |
3.52 |
3.81 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.86 |
0.85 |
0.44 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.69 |
0.70 |
0.71 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.56 |
0.07 |
0.19 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
4.23 |
3.52 |
3.81 |
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 |
|
Share Capital |
315.332 |
269.388 |
269.388 |
|
Reserves & Surplus |
1489.314 |
1534.303 |
1366.744 |
|
Net worth |
1804.646 |
1803.691 |
1636.132 |
|
|
|
|
|
|
long-term borrowings |
60.994 |
19.352 |
151.384 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
60.994 |
19.352 |
151.384 |
|
Debt/Equity ratio |
0.034 |
0.011 |
0.093 |
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 |
1059.269 |
1911.967 |
1024.170 |
|
|
|
80.499 |
(46.434) |
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 |
1059.269 |
1911.967 |
1024.170 |
|
Profit |
226.593 |
458.681 |
193.025 |
|
|
21.39% |
23.99% |
18.85% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
No |
|
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 |
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 |
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 |
INDEX
OF CHARGES:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C79485413 |
10620997 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
09/02/2016 |
- |
- |
200000000.0 |
One Forbes, Dr.V.B.Gandhi MargFortMumbaiMH400001IN |
|
2 |
C76194992 |
10567929 |
L&T Housing Finance Limited |
01/04/2015 |
- |
12/01/2016 |
250000000.0 |
L&T HOUSE, NAROTTAM MORARJI MARGBALLARD ESTATEMUMBAIMH400001IN |
|
3 |
C52229457 |
10449196 |
Axis Bank Limited |
29/08/2013 |
30/08/2013 |
29/04/2015 |
400000000.0 |
214-215 City Mall, 2nd Floor,Ganesh Khind RoadPuneMH411007IN |
|
4 |
B79718391 |
10264078 |
ICICI BANK Limited |
28/07/2010 |
- |
25/06/2013 |
350000000.0 |
A Wing, Shangrila Garden,Bund Garden Road,PuneMH411001IN |
|
5 |
B56746324 |
10275542 |
State Bank of India |
17/03/2011 |
- |
20/08/2012 |
230000000.0 |
Bund Garden Branch, 171, Grace Building,Dhole Patil Road,PuneMH411001IN |
|
6 |
B06844278 |
10206126 |
BANK OF RAJASTHAN LTD |
09/02/2010 |
- |
18/02/2011 |
140000000.0 |
579, SADASHIV PETHLAXMI ROAD,PUNEMH411030IN |
FIXED ASSETS:
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Computer Equipment
· Other 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 64.16 |
|
|
1 |
INR 89.19 |
|
Euro |
1 |
INR 78.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
PUJ |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
JYO |
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.