|
|
|
MIRA
INFORM REPORT
|
Report No. : |
491116 |
|
Report Date : |
14.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
MANTHAN BUILDERS AND DEVELOPERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-3/4, Shiv Parvati, Off Chincholi Bunder Road, Malad (West), Mumbai –
400064, Maharashtra |
|
Tel. No.: |
91-22-28731111/28727575 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
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|
|
|
Date of
Incorporation : |
31.05.2005 |
|
|
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|
Com. Reg. No.: |
11-153620 |
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Capital
Investment / Paid-up Capital : |
INR 49.200 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200MH2005PTC153620 |
|
|
|
|
IEC No.: |
Not Divulged |
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|
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|
GSTIN : |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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|
|
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PAN No.: [Permanent Account No.] |
AAECM3607Q |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Construction of Buildings (Registered
Activity) |
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|
|
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Under Liquidation |
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|
|
|
Payment Behaviour : |
-- |
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|
|
|
Litigation : |
Exist |
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|
|
Comments : |
As per Registrar of Companies the status of the shown as “Under
Liquidation”. Further management has denied to provide information about the
subject. As per available financials of 2016, the general position of the
company seems to be acceptable. It is also noted that the company is listed on “Official Liquidator,
high court of Bombay” under liquidation section IV” Registration No.
C.P/420/2014 Further, it is also noted that date of winding up of the company is
09.12.2014. No further information could be made available from any other sources. In view of under liquidation, we do not recommend any business dealing
with the subject. |
|
|
|
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 14.02.2018
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. Nishant |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-22-28731111 |
|
|
|
|
Name : |
Mr. Rahul |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-28731111 |
|
Date : |
12.02.2018 |
(Mobile No.: 91-9448494245
– Switched off)
LOCATIONS
|
Registered Office : |
B-3/4, Shiv Parvati, Off Chincholi Bunder Road, Malad (West), Mumbai –
400064, Maharashtra, India |
|
Tel. No.: |
91-22-28731111/28727575 |
|
Fax No.: |
91-22-28738888 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 2017
|
Name : |
Mr. Abhijeet Balwant Rane |
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|
Designation : |
Managing Director |
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|
Address : |
B-3 Shiv Parvati, Off Chincholi Bunder Road, Malad (West),
Mumbai-400064, Maharashtra, India |
||||||||||||||||||||||||||||
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Date of Appointment : |
31.05.2005 |
||||||||||||||||||||||||||||
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DIN No.: |
00571288 |
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Other
Directorship:
|
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||||||||||||||||||||||||||||
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Name : |
Mr. Purshotam Pandurang Kadam |
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Designation : |
Additional Director |
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|
Address : |
Flat No. 9, Ground Floor, Dharti Apartment, Indraprasth Complex, Off
Link Road, Satya Nagar, Borivali (West), Mumbai-400092, Maharashtra, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.10.1969 |
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Date of Appointment : |
28.12.2016 |
||||||||||||||||||||||||||||
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DIN No.: |
07684040 |
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Other
Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Rahul |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS
As on 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Balwant Shivram Rane |
|
4500 |
|
Aditi Abhijeet Rane |
|
4500 |
|
Abhijeet Balwant Rane |
|
4491000 |
|
Casper Enterprises Private Limited, India |
|
30000 |
|
Yash - V Jewels Limited |
|
30000 |
|
Duke Business Private Limited, India |
|
30000 |
|
Kush Hindustan Entertainment Limited, India |
|
30000 |
|
Lacuste Financial Services Private Limited, India |
|
60000 |
|
Festino Vincom Private Limited, India |
|
60000 |
|
Uniglory Developers Private Limited, India |
|
30000 |
|
Vanguard Jewels Limited, India |
|
30000 |
|
Inox Trade Private Limited, India |
|
54000 |
|
Atharva Business Private Limited, India |
|
12000 |
|
Ansh Mercandise Private Limited, India |
|
24000 |
|
Raw Gold Securities Private Limited, India |
|
30000 |
|
Total |
|
4920000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
91.46 |
|
Public/Other than promoters (Body corporate) |
8.54 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Construction of Buildings (Registered
Activity) |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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||||
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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 : |
Not Divulged |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Bhaveshkumar Shantilal Sheth Chartered Accountants |
|
Address : |
Plot No.211, Garage Jawahar Nagar Road No.11, Goregaon (West), Mumbai
– 400062, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAFPS3585B |
|
|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
|
|
Associates (As on 31.03.2016) : |
·
Blue Tectonics Architects Engineers
and Contractors Private Limited ·
Manthan Logistics and Wind Craft
Private Limited ·
Manthan Realty Ventures Private
Limited ·
Manthan Ports and Projects Private
Limited ·
Manthan Development Corporation · Janaki Construction Company |
CAPITAL STRUCTURE
As on 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4920000 |
Equity Shares |
INR 10/- each |
INR 49.200 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
49.200 |
49.200 |
49.200 |
|
(b) Reserves & Surplus |
11.515 |
10.460 |
9.747 |
|
(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) |
60.715 |
59.660 |
58.947 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
89.551 |
98.555 |
99.996 |
|
(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) |
89.551 |
98.555 |
99.996 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
65.965 |
19.628 |
19.828 |
|
(b) Trade payables |
22.428 |
22.675 |
22.282 |
|
(c) Other current liabilities |
185.954 |
184.561 |
186.991 |
|
(d) Short-term provisions |
19.185 |
16.663 |
6.311 |
|
Total
Current Liabilities (4) |
293.532 |
243.527 |
235.412 |
|
|
|
|
|
|
TOTAL |
443.798 |
401.742 |
394.355 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
0.475 |
0.657 |
0.871 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.875 |
1.875 |
1.125 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
42.024 |
43.032 |
50.373 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
44.374 |
45.564 |
52.369 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
364.330 |
332.507 |
302.328 |
|
(c) Trade receivables |
1.310 |
1.368 |
0.865 |
|
(d) Cash and cash equivalents |
0.646 |
0.879 |
12.401 |
|
(e) Short-term loans and
advances |
33.138 |
21.424 |
26.392 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
399.424 |
356.178 |
341.986 |
|
|
|
|
|
|
TOTAL |
443.798 |
401.742 |
394.355 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
0.000 |
0.000 |
0.000 |
|
|
Other Income |
0.131 |
0.147 |
0.243 |
|
|
TOTAL
|
0.131 |
0.147 |
0.243 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
0.626 |
2.070 |
0.571 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(31.822) |
(30.179) |
(32.388) |
|
|
Employees benefits expense |
7.260 |
7.530 |
6.674 |
|
|
Other expenses |
19.026 |
16.629 |
17.390 |
|
|
Profit transferred to Joint
venture partner – Swastik Developers |
0.905 |
1.169 |
1.044 |
|
|
TOTAL |
(4.005) |
(2.781) |
(6.709) |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
4.136 |
2.928 |
6.952 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2.266 |
1.508 |
5.264 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.870 |
1.420 |
1.688 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
0.200 |
0.304 |
0.219 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
1.670 |
1.116 |
1.469 |
|
|
|
|
|
|
|
Less |
TAX |
0.615 |
0.404 |
0.412 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
1.055 |
0.712 |
1.057 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
0.21 |
0.14 |
0.21 |
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 |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
13077.03 |
3998.25 |
14243.31 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.01 |
0.01 |
0.02 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
8.71 |
4.46 |
7.98 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.86 |
0.85 |
0.85 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
2.56 |
1.98 |
2.03 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
4.83 |
4.08 |
3.99 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.01 |
0.01 |
0.01 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.83 |
1.94 |
1.32 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.24 |
0.18 |
0.27 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
1.74 |
1.19 |
1.79 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.36 |
1.46 |
1.45 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.12 |
0.10 |
0.17 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.14 |
0.15 |
0.15 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
3.16 |
2.40 |
2.44 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.36 |
1.46 |
1.45 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
49.200 |
49.200 |
49.200 |
|
Reserves & Surplus |
9.747 |
10.460 |
11.515 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
58.947 |
59.660 |
60.715 |
|
|
|
|
|
|
long-term borrowings |
99.996 |
98.555 |
89.551 |
|
Short term borrowings |
19.828 |
19.628 |
65.965 |
|
Total
borrowings |
119.824 |
118.183 |
155.516 |
|
Debt/Equity
ratio |
2.033 |
1.981 |
2.561 |
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 |
|
Total Income |
0.243 |
0.147 |
0.131 |
|
|
|
(39.506) |
(10.884) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Total Income |
0.243 |
0.147 |
0.131 |
|
Profit |
1.057 |
0.712 |
1.055 |
|
|
434.98% |
484.35% |
805.34% |
LEGAL
CASES
|
LITIGATION DETAILS |
|||||
|
Bench:- Bombay |
|||||
|
Presentation
Date:- 04/09/2017 |
|||||
|
Lodging No. : |
|
Filing Date:- |
04/09/2017 |
Reg.
No.:- |
CA/530/2017 |
|
Reg.
Date:- |
22/09/2017 |
|
|
|
|
|
Main Matter |
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Lodging No.:- |
CPL/278/2014 |
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Reg No.:- |
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Petitioner:- |
MANTHAN BUILDERS AND DEVELOPERS PRIVATE LIMITED |
Respondent:- |
THE OFFICIAL LIQUIDATOR OF MANTHAN BUILDERS AND DEVELOPERS PRIVATE LIMITED |
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Petn.Adv:- |
RITA DILIP BHATIA (I4058) |
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District:- |
MUMBAI |
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Bench:- |
SINGLE |
Category:- |
CA-FOR OTHERS |
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Status:- |
Pre-Admission |
Stage:- |
PETITIONS FOR HEARING [ORIGINAL SIDE MATTERS] |
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25/01/2018 |
Stage:- |
-- |
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Last Coram:- |
HON'BLE SHRI JUSTICE K.R. SRIRAM |
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Act. : |
Companies Act & Rules 1956 |
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LITIGATION DETAILS |
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Bench:- Bombay |
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Presentation
Date:- 15/09/2017 |
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Lodging No. : |
CAL/496/2017 |
Filing Date:- |
15/09/2017 |
Reg.
No.:- |
CA/632/2017 |
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Reg.
Date:- |
22/09/2017 |
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Main Matter |
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Lodging No.:- |
CPL/278/2014 |
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Reg No.:- |
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Petitioner:- |
THE GREATER BOMBAY CO-OPERATIVE BANK LIMITED |
Respondent:- |
MANTHAN BUILDERS AND DEVELOPERS PRIVATE LIMITED. AND 3 ORS. |
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Petn.Adv:- |
RAVAL SHAH (I13044) |
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District:- |
MUMBAI |
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Bench:- |
SINGLE |
Category:- |
CA-FOR DIRECTION OF O.L. |
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Status:- |
Pre-Admission |
Stage:- |
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25/01/2018 |
Stage:- |
-- |
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Last Coram:- |
HON'BLE SHRI JUSTICE K.R. SRIRAM |
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Act. : |
Companies Act & Rules 1956 |
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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 |
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 |
Yes |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES: NO CHARGES EXISTS FOR COMPANY
FIXED ASSETS
·
Air Conditioner
·
Computer
·
Equipment at Site
·
Furniture and Fixture
·
Office Cabin
·
Motor Car
·
Currency Analyser Machine
·
Office Equipments
·
Printer
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 64.28 |
|
UK Pound |
1 |
INR 89.02 |
|
Euro |
1 |
INR 78.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHA |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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.
·