|
|
|
MIRA INFORM REPORT
|
Report No. : |
490646 |
|
Report Date : |
09.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
S.N. TRADELINK PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
3010/ 3011, Momai Complex, Outside Sahara Darwaja Katodara Road, Surat-395002, Gujarat |
|
Tel. No.: |
91-261-2325978 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
07.07.2006 |
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|
|
|
Com. Reg. No.: |
04-048648 |
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|
|
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Capital
Investment / Paid-up Capital : |
INR 19.099 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U10200GJ2006PTC048648 |
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|
|
|
IEC No.: |
5207011693 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SRTS06662F |
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GSTIN : |
Not Divulged |
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PAN No.: [Permanent Account No.] |
AAKCS0060R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is engaged in Trading of Coal which is the primary business segment based on the nature of products traded and sold. (Registered activity) |
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No. of Employees
: |
Information declined by the management (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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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|
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 2006 having
fine track records. For the financial year ended 2017, revenue of the company has marginally
declined. However, it has witnessed a growth in its profit and has achieved
fair profit margin at 1.85% (approx.) The company possesses sound financial profile marked by heathy net
worth base along with negligible debt recorded and favorable gap between
trade payables to its trade receivables. Trade relations are reported as fair. Business is active. Payment
terms are seems to be regular and as per commitments. In view of the 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.
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
|
Rating Agency Name |
INDIA RATING |
|
Rating |
Long Term Rating = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
28 July 2017 |
|
Rating Agency Name |
INDIA RATING |
|
Rating |
Short Term Rating = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
28 July 2017 |
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 : |
Mr. Kamal Agarwal |
|
Designation : |
Office Finance |
|
Contact No.: |
91-9727747737 |
|
Date : |
08.02.2018 |
LOCATIONS
|
Registered Office : |
3010/ 3011, Momai Complex, Outside Sahara Darwaja, Katodara Road,
Surat - 395002, Gujarat, India |
|
Tel. No.: |
91-261-2325978 |
|
Mobile No.: |
91-9825811118 (Mr. Shailesh Agarwal) |
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Fax No.: |
91-261-2342674 |
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E-Mail : |
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Website : |
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Area : |
2000 Sq. Ft. |
|
Location : |
Owned |
|
Location: |
Commercial |
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Branch Office: |
3005 to 3009/ 3012, Momai Complex, Outside Sahara Darwaja, Kadodara Road, Surat - 395010, Gujarat, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Navinchandra Harilal Suratwala |
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|
Designation : |
Managing Director |
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Address : |
1, Modheshwari Co-operative Society, Near Maher Nagar, |
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Date of Birth/Age : |
14.03.1955 |
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Qualification : |
Graduate |
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Date of Appointment : |
07.07.2006 |
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PAN No.: |
AEDPS0939R |
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DIN No.: |
00162741 |
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|
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Name : |
Mr. Shailesh Sanjjankumar Agarwal |
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Designation : |
Managing Director |
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Address : |
34, Maa Ambe Kripa Society, Opposite Kapadia Health Club, |
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Date of Birth/Age : |
26.12.1987 |
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Qualification : |
Graduate |
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Date of Appointment : |
07.07.2006 |
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PAN No.: |
AHVPA7423K |
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DIN No.: |
00162753 |
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Other Directorship :
|
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|
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Name : |
Mr. Sanjjankumar Suganchand Agarwal |
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Designation : |
Managing Director |
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|
Address : |
34, Maa Ambe Kripa Society, Opposite Kapadia Health Club, |
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Date of Birth/Age : |
14.08.1954 |
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Qualification : |
Graduate |
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Date of Appointment : |
07.07.2006 |
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PAN No.: |
ABWPA8095Q |
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DIN No.: |
00162818 |
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Other Directorship :
|
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KEY EXECUTIVES
|
Name : |
Mr. Kamal Agarwal |
|
Designation : |
Office Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Sajjankumar Agarwal |
|
1275660 |
|
Navinchandra Suratwala |
|
517452 |
|
Shailesh Aggarwal |
|
12735 |
|
Anuiyaben Suratwala |
|
7000 |
|
Navinchandra Suratwala – HUF |
|
100 |
|
Saroj Aggarwal |
|
1000 |
|
Adarsh Filaments Private Limited, India |
|
5000 |
|
Hitesh Agarwal |
|
91000 |
|
Sudarshan Enterprises (Beneficiary : Navin Suratwala) |
|
4 |
|
Total |
|
1909951 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
94.55 |
|
Public – (Individual/ Hindu
Undivided Family – Indian) |
5.19 |
|
Public - Bodies corporate |
0.26 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in Trading of Coal which is the primary business segment based on the nature of products traded and sold. (Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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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 declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Rasesh Shah and Associates Chartered Accountants |
|
Address : |
O - 1 Silver Palm Building, Timaliyawad, Nanpura, Surat-395007, Gujarat, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AADFR1004L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and their
relatives : |
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Related Parties: |
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CAPITAL STRUCTURE
As on 31.03.2017
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 |
|
|
|
|
|
|
1909951 |
Equity Shares |
INR 10/- each |
INR 19.100
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
19.100 |
19.100 |
19.100 |
|
(b) Reserves and Surplus |
432.177 |
362.606 |
309.705 |
|
(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) |
451.277 |
381.706 |
328.805 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
122.378 |
15.845 |
27.971 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
122.378 |
15.845 |
27.971 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
43.511 |
273.703 |
269.241 |
|
(b) Trade
payables |
811.789 |
963.938 |
409.691 |
|
(c) Other
current liabilities |
12.868 |
10.308 |
3.607 |
|
(d) Short-term
provisions |
37.189 |
26.409 |
25.253 |
|
Total Current
Liabilities (4) |
905.357 |
1274.358 |
707.792 |
|
|
|
|
|
|
TOTAL |
1479.012 |
1671.909 |
1064.568 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
10.753 |
8.610 |
10.370 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
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 |
0.101 |
0.101 |
0.101 |
|
(c) Deferred tax assets (net) |
1.492 |
1.491 |
1.294 |
|
(d)
Long-term loans and advances |
0.862 |
0.852 |
0.280 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.032 |
|
Total Non-Current
Assets |
13.208 |
11.054 |
12.077 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
237.820 |
221.283 |
95.595 |
|
(c) Trade
receivables |
1078.440 |
1291.968 |
826.339 |
|
(d) Cash and
bank balances |
95.790 |
91.868 |
87.973 |
|
(e)
Short-term loans and advances |
53.490 |
55.505 |
42.376 |
|
(f) Other
current assets |
0.264 |
0.231 |
0.208 |
|
Total Current
Assets |
1465.804 |
1660.855 |
1052.491 |
|
|
|
|
|
|
TOTAL |
1479.012 |
1671.909 |
1064.568 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
3756.080 |
3989.100 |
3258.888 |
|
|
Other Income |
23.327 |
6.294 |
16.025 |
|
|
TOTAL |
3779.407 |
3995.394 |
3274.913 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
3327.986 |
3662.151 |
3042.182 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(16.537) |
(125.689) |
(55.737) |
|
|
Employee benefit expense |
82.218 |
14.269 |
11.841 |
|
|
CSR expenditure |
1.175 |
0.000 |
0.000 |
|
|
Other expenses |
223.481 |
298.922 |
155.019 |
|
|
TOTAL |
3618.323 |
3849.653 |
3153.305 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
161.084 |
145.741 |
121.608 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
52.129 |
63.758 |
41.737 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
108.955 |
81.983 |
79.871 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.274 |
2.928 |
3.308 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX |
106.681 |
79.055 |
76.563 |
|
|
|
|
|
|
|
Less |
TAX |
37.111 |
26.154 |
25.109 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
69.570 |
52.901 |
51.454 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
788.842 |
321.627 |
0.000 |
|
|
TOTAL IMPORTS |
788.842 |
321.627 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
36.42 |
27.70 |
26.94 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.973 |
1.603 |
|
Net cash flows from (used in) operations |
156.316 |
37.933 |
136.063 |
|
Net cash flows from (used in) operating activities |
129.993 |
12.755 |
110.850 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
104.80 |
118.21 |
92.55 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.48 |
3.09 |
3.94 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
89.03 |
96.07 |
49.15 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.68 |
0.66 |
1.27 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
14.98 |
16.93 |
11.73 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.69 |
0.77 |
0.69 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.37 |
0.76 |
0.91 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.01 |
3.34 |
2.15 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.02 |
0.02 |
0.03 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
3.09 |
2.29 |
2.91 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
1.85 |
1.33 |
1.58 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
4.70 |
3.16 |
4.83 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
15.42 |
13.86 |
15.65 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.62 |
1.30 |
1.49 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.36 |
1.13 |
1.35 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.31 |
0.23 |
0.31 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
8.69 |
15.21 |
15.64 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.62 |
1.30 |
1.49 |
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 |
19.100 |
19.100 |
19.100 |
|
Reserves & Surplus |
309.705 |
362.606 |
432.177 |
|
Net
worth |
328.805 |
381.706 |
451.277 |
|
|
|
|
|
|
Long-term borrowings |
27.971 |
15.845 |
122.378 |
|
Short term borrowings |
269.241 |
273.703 |
43.511 |
|
Current maturities of
long-term debts |
1.603 |
0.973 |
0.000 |
|
Total
borrowings |
298.815 |
290.521 |
165.889 |
|
Debt/Equity
ratio |
0.909 |
0.761 |
0.368 |
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 |
3258.888 |
3989.100 |
3756.080 |
|
|
0.000 |
22.407 |
(5.841) |
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 |
3258.888 |
3989.100 |
3756.080 |
|
Profit/ (Loss) |
51.454 |
52.901 |
69.570 |
|
|
1.58
% |
1.33
% |
1.85
% |
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 |
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 |
Yes |
|
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 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 |
Yes |
|
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 |
BRIEF DESCRIPTION OF THE
COMPANY'S WORKING DURING THE YEAR/STATE OF COMPANY'S AFFAIR
During the period the company has made a profit of INR 69.571 Million, thus a net credit balance of INR 69.571 Million has been transferred to Reserve and Surplus A/c for the current period.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
119.624 |
15.249 |
|
|
|
|
|
Total |
119.624 |
15.249 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G46466579 |
100104334 |
BANK OF BARODA |
02/06/2017 |
- |
- |
40000000.0 |
MAN DARWAJA BRANCH, NR KINNARI CINEMARING ROAD, SURAT – 395002, GUJARAT, INDIA |
|
2 |
C03812880 |
10490266 |
BANK OF BARODA |
23/04/2014 |
- |
- |
30000000.0 |
MANDARWAJA MAIN BRANCH, SURAT – 395002, GUJARAT, INDIA |
|
3 |
G70631429 |
10158223 |
BANK OF BARODA |
05/05/2009 |
12/12/2017 |
- |
835000000.0 |
BANK OF BARODANR. KINNARI CINEMA, RING ROAD, SURAT – 395002, GUJARAT, INDIA |
FIXED ASSETS
- Buildings
- Residential building
- Office building
- Factory building
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Computer equipments
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 64.13 |
|
|
1 |
INR 89.49 |
|
Euro |
1 |
INR 79.43 |
INFORMATION DETAILS
|
Information Gathered
by : |
GYT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SUJ |
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.