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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

491692

Report Date :

12.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

LABGUARD INDIA PRIVATE LIMITED

 

 

Registered Office :

M-6/7 & O-1, Neighbourhood Complex, Near SBI Branch, Sector 4, Off Plam Beach Road, Nerul (West), Navi Mumbai – 400706, Maharashtra

Tel. No.:

91-22-27721123/1124

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

21.09.2006

 

 

Com. Reg. No.:

11-164816

 

 

Capital Investment / Paid-up Capital :

INR 2.500 Million

 

 

CIN No.:

[Company Identification No.]

U24239MH2006PTC164816

 

 

IEC No.:

0307020746

 

 

TIN No.:

27700594949

 

 

Central Excise Registration No.:

AABCL2724JXM001

 

 

GSTIN :

27AABCL2724J1ZK

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Divulged

 

 

PAN No.:

[Permanent Account No.]

AABCL2724J

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer of Laboratory Furniture and Fume Hood (Registered activity and also confirmed by management)

 

 

No. of Employees :

Approximately 145 (In Office : 30, In Branch: 15, In Factory : 100)

 

 

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 :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Labguard India Private Limited is manufacturer of Laboratory Furniture/Fume Hood. The company was incorporated in the year 2006 and is based in Navi Mumbai, Maharashtra. It is an established company having good track record.


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 3.34% (approximately).


The company possesses sound financial profile marked by healthy net worth base along with low debt level of the company.


Rating also considered positive feedback received from its customer (IIT Bhubaneswar) for good product quality and from its banker (Axis Bank Limited) for satisfactory banking transaction.


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

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 12.02.2018

 

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 PARTED BY

 

Name :

Mr. Ketan Deshmukh

Designation :

Senior Tender and Business Development Executive

Contact No.:

91-9833448403

Date :

10.02.2018

 

 

LOCATIONS

 

Registered Office/ Head Office :

M-6/7 & O-1, Neighbourhood Complex, Near SBI Branch, Sector 4, Off Plam Beach Road, Nerul (West), Navi Mumbai – 400706, Maharashtra, India

Tel. No.:

91-22-27721123/1124

Mobile No.:

91-9833448403 (Mr. Ketan Deshmukh)

91-9322493111 (Mr. Atul)

Fax No.:

91-22–27723164

E-Mail :

prakash@labguard.biz

Website :

http://www.labguard.biz

Area :

3000 Sq. ft.

Location :

Owned

Locality :

Commercial

 

 

Factory:

Survey No. 104, 105, Village Gagodee Khurd, Near Varsai Phata, Taluka Pen, District Raigad, Maharashtra, India

Tel. No.:

91-2143-202851/202850

Fax No.:

91-2143-276215

E-Mail :

factory@labguard.biz

Location :

Owned

 

 

Branch Office :

137, MIG, KHB Colony,  Koramangala 5th Block, Near Jyothi Nivas College, Bangalore – 560095, Karnataka, India 

Tel. No.:

91-80-42113324

E-Mail :

sales@labguard.biz

Location :

Rented

 

 

National Network :

Located at:

 

  • Navi Mumbai
  • Delhi
  • Bangalore
  • Hyderabad
  • Vadodara
  • Kolkata
  • Guwahati
  • Pune
  • Jammu

 

 

 

DIRECTORS

 

As on 31.03.2017

 

Name :

Mr. Prakash Sitaram Sansare

Designation :

Director

Address :

Flat No. 201, Satguru Palace, Plot No. 140 Sector-21, Nerul, Navi Mumbai-400706, Maharashtra, India

Date of Birth/Age :

12.05.1951

Qualification :

MBA

Experience :

30 Years

Date of Appointment :

21.09.2006

PAN No.:

ABEPS0973M

DIN No.:

00625497

 

 

Name :

Mrs. Smita Prakash Sansare

Designation :

Director

Address :

201, Sadguru Palace, Limb Road-2, Plot No. 140, Sector 21, Nerul (East), Navi Mumbai-400706, Maharashtra, India

Date of Appointment :

30.03.2015

DIN No.:

06583012

 

 

KEY EXECUTIVES

 

Name :

Mr. Ketan Deshmukh

Designation :

Senior Tender and Business Development Executive

 

 

MAJOR SHAREHOLDERS

 

As on 31.03.2017

 

Names of Shareholders

No. of Shares

% of Holding

Prakash Sansare

127000

50.80

Salil Sansare

122500

49.00

Smita Sansare

500

0.20

Total

250000

100.00

 

 

Equity Share Break up (Percentage of Total Equity)

 

As on 23.09.2017

 

Category

Percentage

Promoters (Individual/Hindu Undivided Family – Indian)

100.00

Total 

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Laboratory Furniture and Fume Hood (Registered activity and also confirmed by management)

 

 

Products / Services :

Item Code No.

Products/Services Description

84198990

Others

99814001

Research and development originals in pharmaceuticals

 

NIC Code No.

Products/Services Description

28199/3100

Laboratory Fume Hoods and Accessories/  Laboratory Furniture

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Alsident System, Denmark

 

 

Exports :

 

Products :

·         Laboratory Furniture

·         Fume Hood

Countries :

African Countries

 

 

Imports :

 

Products :

·         Spot Extractor

·         Air Flow Monitor

Countries :

·         Denmark

·         United Kingdom 

 

 

Terms :

 

Selling :

Others (NEFT, RTGS)

 

 

Purchasing :

Others (NEFT, RTGS)

 

PRODUCTION STATUS – (NOT AVAILABLE)

 

 

GENERAL INFORMATION

 

Suppliers :

 

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

End Users

 

Reference :

IIT Bhuwaneswar

Name of the Person :

Dr. Tabrez Khan (Assistant Professor)

Contact No.:

91-9937250997

Since How Long Known :

6 Months

Maximum Limit Dealt :

As per requirement

Experience :

Product Quality

Delivery Behaviour

Overall

Excellent

Excellent

Excellent

Remark:

As claimed by Dr. Tabrez Khan (Assistant Professor) that they are satisfied with the subject company transaction 

 

 

No. of Employees :

Approximately 145 (In Office : 30, In Branch: 15, In Factory : 100)

 

 

Bankers :

Banker Name :

Axis Bank Limited

Branch :

Seawoods West, Sector 42A, Seawoods, Navi Mumbai, Maharashtra, India

Person Name (With Designation) :

Mr. Ganesh Bhosale (Deputy Manager)

Contact Number :

91-9870492404

Name of Account Holder :

Labguard India Private Limited

Account Number :

917030058636127

Account Since (Date/Year of Account Opening) :

2018

Average Balance Maintained :

--

Credit Facilities Enjoyed (CC/OD/Term Loan) :

--

Account Operation :

Satisfactory

Remark :

As confirmed by Mr. Ganesh Bhosale (Deputy Manager) that they are satisfied with the subject company banking transaction.

 

·         Axis Bank Limited, CCSU Thane, Dhiraj Bagh, Near Hariniwas Circle LBS Marg, Thane (West), Thane -400602, Maharashtra, India

 

 

Facilities :

Secured Loan

31.03.2017

(INR in Million)

31.03.2016

(INR in Million)

Long-term Borrowings

 

 

Secured Loans

0.168

3.667

Short-term borrowings

 

 

Bank Overdraft

40.283

33.515

Secured Loans

3.499

3.380

Total

43.950

40.562

 

Auditors :

 

Name :

Kunal Salvi and Company

Chartered Accountants

Address :

A - 2, Jai Govardhan Society, L. T Road, Borivali (West), Mumbai- 400092, Maharashtra, India

Income-tax PAN of auditor or auditor's firm :

BGFPS8607D

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

As on 23.09.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

250000

Equity Shares

INR 10/- each

INR 2.500 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

250000

Equity Shares

INR 10/- each

INR 2.500 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

2.500

2.500

2.500

(b) Reserves & Surplus

70.405

62.787

57.588

(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)

72.905

65.287

60.088

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

12.739

16.238

19.618

(b) Deferred tax liabilities (Net)

0.000

0.000

0.350

(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)

12.739

16.238

19.968

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

43.782

36.895

36.987

(b) Trade payables

49.097

49.577

61.957

(c) Other current liabilities

18.221

13.159

12.748

(d) Short-term provisions

6.107

5.351

2.797

Total Current Liabilities (4)

117.207

104.982

114.489

 

 

 

 

TOTAL

202.851

186.507

194.545

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

39.936

47.225

56.137

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.124

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.025

0.025

0.025

(c) Deferred tax assets (net)

0.578

0.315

0.000

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

4.518

4.796

4.085

Total Non-Current Assets

45.181

52.361

60.247

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

37.717

28.629

29.845

(c) Trade receivables

73.670

69.624

77.446

(d) Cash and cash equivalents

8.671

7.203

6.921

(e) Short-term loans and advances

8.888

4.108

2.469

(f) Other current assets

28.724

24.582

17.617

Total Current Assets

157.670

134.146

134.298

 

 

 

 

TOTAL

202.851

186.507

194.545

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Income

228.118

246.663

322.151

 

Other Income

0.785

1.246

1.539

 

TOTAL

228.903

247.909

323.690

 

 

(Due to Market Fluctuation)

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

121.368

132.041

197.312

 

Purchases of Stock-in-Trade

0.000

0.000

0.000

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

0.000

0.000

0.000

 

Employees benefits expense

45.797

41.163

37.833

 

Other expenses

42.623

47.067

51.347

 

Exceptional Items

(5.133)

0.000

0.093

 

TOTAL

204.655

220.271

286.585

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

24.248

27.638

37.105

 

 

 

 

 

Less

FINANCIAL EXPENSES

6.920

8.031

7.961

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

17.328

19.607

29.144

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

8.126

10.769

12.962

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

9.202

8.838

16.182

 

 

 

 

 

Less

TAX

1.584

3.639

5.250

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

7.618

5.199

10.932

 

 

 

 

 

 

Value of Imports on C.I.F. Basis

17.751

25.098

25.098

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

30.47

20.8

43.73

 

 

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

NA

Cash generated from operations

NA

NA

NA

Net cash flows from (used in) operations

NA

NA

NA

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

117.88

103.03

87.75

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

3.10

3.54

4.16

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

147.65

137.05

114.61

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

0.64

0.97

1.24

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

0.61

0.59

0.66

 

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.64

0.65

0.69

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.78

0.81

0.94

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

1.61

1.61

1.91

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.55

0.72

0.93

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

3.50

3.44

4.66

 

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

((PAT / Sales) * 100)

%

3.34

2.11

3.39

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

3.76

2.79

5.62

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

10.45

7.96

18.19

 

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

1.35

1.28

1.17

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

1.02

1.01

0.91

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.36

0.35

0.31

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

22.61

21.25

22.64

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.35

1.28

1.17

 

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

2.500

2.500

2.500

Reserves & Surplus

57.588

62.787

70.405

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

60.088

65.287

72.905

 

 

 

 

long-term borrowings

19.618

16.238

12.739

Short term borrowings

36.987

36.895

43.782

Total borrowings

56.605

53.133

56.521

Debt/Equity ratio

0.942

0.814

0.775

 

 

 

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

322.151

246.663

228.118

 

 

(23.432)

(7.518)

 

 

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

322.151

246.663

228.118

Profit

10.932

5.199

7.618

 

3.39%

2.11%

3.34%

 

 

 

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

No

18]

Major suppliers

No

19]

Major customers

Yes

20]

Banking Details

Yes

21]

Banking facility details

Yes

22]

Conduct of the banking account

Yes

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%

Yes

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

 

STATE OF COMPANY’S AFFAIRS:

 

During the year the company earned a total income of INR 228.900 million as compared to INR 247.900 million In the previous year and the company has recorded a net profit of INR 7.618 million as compared to a net profit of INR 5.199 million in the previous year. The director continue their endeavor to improve the operations as well as the profitability of the company in the coming year.

 

 

UNSECURED LOAN

 

PARTICULAR

31.03.2017

(INR in Million)

31.03.2016

(INR in Million)

Long-term Borrowings

 

 

From Directors and Relatives

12.571

12.571

Total

12.571

12.571

 

 

INDEX OF CHARGES

 

S

No

SRN

Charge Id

Charge Holder Name

Date of Creation

Date of Modification

Date of Satisfaction

Amount

Address

1

G63686406

100135155

AXIS BANK LIMITED

18/08/2017

-

-

100532000.0

CCSU THANE, DHIRAJ BAGH, NEAR HARINIWAS CIRCLE LBS MARG, THANE WEST, THANE MAHARASHTRA 400602 INDIA

2

B87279022

10247761

ICICI BANK LIMITED

27/09/2010

08/10/2013

-

112700000.0

LANDMARKRACE COURCE CIRCLE ALKAPURI BARODA GUJARAT 390015 INDIA

3

B08306425

10048496

THE SARASWAT CO-OP BANK LIMITED

11/04/2007

-

21/02/2011

3370000.0

PRATIKSHA APARTMENT, OPP. FILMISTAN STUDIO, S.V. ROAD, GOREGAON (WEST), MUMBAI MAHARASHTRA 400062 INDIA

4

B08375412

10079280

THE SARASWAT CO-OP BANK LIMITED

30/10/2007

-

21/02/2011

671000.0

NERUL BRANCH, NERUL NAVI MUMBAI MAHARASHTRA 400706 INDIA

5

B08307050

10064879

THE SARASWAT CO-OP BANK LIMITED

13/08/2007

-

21/02/2011

1020600.0

PRATIKSHA APARTMENT, OPP. FILMISTAN STUDIO, S.V. ROAD, GOREGAON (WEST), MUMBAI MAHARASHTRA 400062 INDIA

6

B08377269

10066546

THE SARASWAT CO-OP BANK LIMITED

01/08/2007

-

21/02/2011

1300000.0

PRATIKSHA APARTMENT, OPP. FILMISTAN STUDIO, S.V. ROAD, GOREGAON (WEST), MUMBAI MAHARASHTRA 400062 INDIA

7

B08292278

10067992

THE SARASWAT CO-OP BANK LIMITED

04/09/2007

25/02/2009

21/02/2011

10000000.0

NERUL BRANCH, NERUL NAVI MUMBAI MAHARASHTRA 400706 INDIA

8

B08307282

10064880

THE SARASWAT CO-OP BANK LIMITED

13/08/2007

-

21/02/2011

1321700.0

PRATIKSHA APARTMENT, OPP. FILMISTAN STUDIO, S.V. ROAD, GOREGAON (WEST), MUMBAI MAHARASHTRA 400062 INDIA

9

B08374555

10120208

THE SARASWAT CO-OP BANK LIMITED

31/07/2008

-

21/02/2011

4500000.0

NERUL BRANCH, NERUL NAVI MUMBAI MAHARASHTRA 400706 INDIA

10

B08306755

10064878

THE SARASWAT CO-OP BANK LIMITED

08/08/2007

-

21/02/2011

10050000.0

PRATIKSHA APARTMENT, OPP. FILMISTAN STUDIO, S.V. ROAD, GOREGAON (WEST), MUMBAI MAHARASHTRA 400062 INDIA

 

 

CONTINGENT LIABILITIES:

 

PARTICULARS

31.03.2017

(INR in Million)

31.03.2016

(INR in Million)

The company has filed an appeal with sales tax department against an ex-parte assessments order 

MVAT

CST

2008-09

0.605

1.030

2010-11

7.044

2.096

 

 

FIXED ASSETS

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

 

2]         Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

 

3]         Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

 

4]         Record on Financial Crime :

            Charges or conviction registered against subject:                                                           None

 

5]         Records on Violation of Anti-Corruption Laws :

            Charges or investigation registered against subject:                                                        None

 

6]         Records on Int’l Anti-Money Laundering Laws/Standards :

            Charges or investigation registered against subject:                                                        None

 

7]         Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

 

8]         Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

 

9]         Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

 

10]        Press Report :

            No press reports / filings exists on the subject.

 

CORPORATE GOVERNANCE

 

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

 

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

 

 

CONTRAVENTION

 

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

 

 

FOREIGN EXCHANGE RATES

 

Currency

 
Unit

INR

US Dollar

1

INR 64.37

UK Pound

1

INR 89.71

Euro

1

INR 78.89

 

 

INFORMATION DETAILS

 

Information Gathered by :

KAM

 

 

Analysis Done by :

DIV

 

 

Report Prepared by :

JYTK

 

 

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

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)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.
 
 

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