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|
%20PRIVATE%20LIMITED%20-%20492314_MIRA%2014-Feb-2018_files/image015.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20492314_MIRA%2014-Feb-2018_files/image016.jpg)
%20PRIVATE%20LIMITED%20-%20492314_MIRA%2014-Feb-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
492314 |
|
Report Date : |
14.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
SPACE OFFICE SYSTEMS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Ground Floor, Chandan Nivas, Opposite Vishal Hall, M.V. Road, Andheri
(East), Mumbai – 400069, Maharashtra |
|
Tel. No.: |
91-22-26846565 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
02.04.1997 |
|
|
|
|
Com. Reg. No.: |
11-107018 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 0.630
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31909MH1997PTC107018 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GST No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS3320E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader
and Installation of Office Equipment’s and Systems. [Registered Activity and
also Confirmed by Management] |
|
|
|
|
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 : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1997. It is a Trader and Installation
of Office Equipment’s and Systems. Management
has not filed its financial record with government department for the year 2017
and same are not available from any other sources. For
the financial year ended 2016, the revenue of the company has increased by
10.20% as compared to the previous year revenue and has achieved an average
net profit margin of 1.14%. The satisfactory financial position of the company is reflected by
adequate net worth base along with acceptable liquidity position. Rating is constrained on account of absence of latest financial
records of the company. Business is active. Payments are reported to be slow but correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition. |
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
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 DECLINED
MANAGEMENT NON-COOPERATIVE [TEL. NO.: 91-9820078026]
[91-22-66886658/ 66886688] Ringing
LOCATIONS
|
Registered/ Head Office : |
Ground Floor, Chandan Nivas, Opposite Vishal Hall, M.V. Road, Andheri
(East), Mumbai – 400 069, Maharashtra, India |
|
Tel. No.: |
91-22-66886658/ 66886688 (30 lines) Customer Care: 66886644/
66886645 |
|
Mobile No.: |
91-9820078028 [Mr. Mehul V Surkatha] |
|
Fax No.: |
91-22-26846565/ 66886602 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Offices : |
Located at : ·
Ahmedabad ·
Surat ·
Nasik ·
Pune |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Mehul Vadan Surkatha |
|
Designation : |
Director |
|
Address : |
D1/11, Khira Nagar, S.V. Road, Santacruz (West), Mumbai – 400 054,
Maharashtra, India |
|
Date of Birth/Age : |
24.07.1971 |
|
Date of Appointment : |
02.04.1997 |
|
DIN No.: |
00876151 |
|
|
|
|
Name : |
Mr. Sanjay Deepchand Jain |
|
Designation : |
Director |
|
Address : |
C/301, Tulip, Gundhecha Valley of Flowers, Thakur Village, Kandivali (East),
Mumbai – 400 101, Maharashtra, India |
|
Date of Birth/Age : |
26.06.1970 |
|
Date of Appointment : |
02.04.1997 |
|
DIN No.: |
00876386 |
|
|
|
|
Name : |
Mr. Nilesh Hasmukhlal Mehta |
|
Designation : |
Director |
|
Address : |
A-302, Mahadev Tower, Thakur Complex, Kandiviali (East), Mumbai – 400
101, Maharashtra, India |
|
Date of Birth/Age : |
14.08.1967 |
|
Date of Appointment : |
02.04.1997 |
|
DIN No.: |
01634234 |
|
|
|
|
Name : |
Mr. Mehul Sandipbhai Parekh |
|
Designation : |
Director |
|
Address : |
407, Himachal Co-operative Society, Juhu Lane, Andheri (West), Mumbai
– 400 058, Maharashtra, India |
|
Date of Birth/Age : |
20.09.1970 |
|
Date of Appointment : |
02.04.1997 |
|
DIN No.: |
01935397 |
|
|
|
|
Name : |
Mr. Vijay Vallabhbhai Chande |
|
Designation : |
Director |
|
Address : |
703, Anand Niwas Co-operative Housing Society, Kisan Road, Malad
(West), Mumbai – 400 064, Maharashtra, India |
|
Date of Birth/Age : |
16.02.1968 |
|
Date of Appointment : |
02.04.1997 |
|
DIN No.: |
01935453 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2016
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Mehul S. Parekh |
126000 |
20.00 |
|
Mehul V. Surkatha |
126000 |
20.00 |
|
Nilesh H. Mehta |
126000 |
20.00 |
|
Sanjay D. Jain |
126000 |
20.00 |
|
Vijay V. Chande |
126000 |
20.00 |
|
|
|
|
|
Total |
630000 |
100.00 |
AS ON: 30.09.2016
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Individual/Hindu Undivided Family - Indian) |
100.00 |
|
|
|
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20492314_MIRA%2014-Feb-2018_files/image020.gif)
BUSINESS DETAILS
|
Line of Business : |
Trader
and Installation of Office Equipment’s and Systems. [Registered Activity and
also Confirmed by Management] |
||||
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|
Products : |
|
||||
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|
|
||||
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Brand Names : |
Not Available |
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||||
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
||||
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||||
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Imports : |
Not Divulged |
||||
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||||
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Terms : |
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||||
|
Selling : |
Not Divulged |
||||
|
|
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||||
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
S Raghunath and Company Chartered Accountants |
|
Address : |
Flat No.1001, Vasant Deep, Plot No.128, Sector No.19, Kharghar, Navi
Mumbai - 410210, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AMXPS5218F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprise in which KMP/ relatives of KMP can exercise significant
influence : |
· Infin Properties Private Limited · H D Jain and Company |
CAPITAL STRUCTURE
AS ON: 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 1/- each |
INR 1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
630000 |
Equity Shares |
INR 1/- each |
INR 0.630 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 |
0.630 |
0.630 |
0.630 |
|
(b) Reserves & Surplus |
39.493 |
36.417 |
30.985 |
|
(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) |
40.123 |
37.047 |
31.615 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
7.950 |
8.050 |
14.700 |
|
(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) |
7.950 |
8.050 |
14.700 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
10.323 |
2.299 |
7.252 |
|
(b)
Trade payables |
28.416 |
34.251 |
18.293 |
|
(c)
Other current liabilities |
0.621 |
1.105 |
13.331 |
|
(d)
Short-term provisions |
0.000 |
3.987 |
1.255 |
|
Total
Current Liabilities (4) |
39.360 |
41.642 |
40.131 |
|
|
|
|
|
|
TOTAL |
87.433 |
86.739 |
86.446 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
0.920 |
1.473 |
2.505 |
|
(ii)
Intangible Assets |
0.205 |
0.289 |
0.003 |
|
(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) |
0.578 |
0.482 |
0.311 |
|
(d) Long-term Loan
and Advances |
1.422 |
1.679 |
1.800 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
3.125 |
3.923 |
4.619 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
32.102 |
31.134 |
20.614 |
|
(c)
Trade receivables |
34.429 |
32.790 |
33.713 |
|
(d)
Cash and cash equivalents |
15.409 |
15.301 |
22.084 |
|
(e)
Short-term loans and advances |
1.311 |
3.591 |
5.416 |
|
(f)
Other current assets |
1.057 |
0.000 |
0.000 |
|
Total
Current Assets |
84.308 |
82.816 |
81.827 |
|
|
|
|
|
|
TOTAL |
87.433 |
86.739 |
86.446 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
268.769 |
243.892 |
199.192 |
|
|
|
Other Income |
4.873 |
6.904 |
6.297 |
|
|
|
TOTAL |
273.642 |
250.796 |
205.489 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
217.088 |
208.908 |
153.397 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(0.968) |
(10.520) |
(0.308) |
|
|
|
Employees benefits expense |
27.662 |
25.193 |
23.560 |
|
|
|
Other expenses |
23.779 |
17.353 |
18.637 |
|
|
|
TOTAL |
267.561 |
240.934 |
195.286 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
6.081 |
9.862 |
10.203 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.675 |
0.698 |
0.556 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
5.406 |
9.164 |
9.647 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.828 |
1.127 |
0.920 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
4.578 |
8.037 |
8.727 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.501 |
2.496 |
2.719 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
3.077 |
5.541 |
6.008 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Purchase of Goods |
1.017 |
0.723 |
0.723 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
4.88 |
8.80 |
9.54 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term Borrowings |
0.000 |
0.585 |
0.432 |
|
|
|
|
|
|
Cash generated from operations |
(5.354) |
(5.489) |
NA |
|
|
|
|
|
|
Net Cash flow from/ (used in) Operating Activities |
(6.950) |
5.292 |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
46.76 |
49.07 |
61.78 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
7.81 |
7.44 |
5.91 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
47.78 |
59.84 |
43.53 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.19 |
0.32 |
0.49 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
5.41 |
5.60 |
4.07 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.54 |
0.58 |
0.64 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.46 |
0.30 |
0.71 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.98 |
1.12 |
1.27 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.03 |
0.05 |
0.08 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
9.01 |
14.13 |
18.35 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.14 |
2.27 |
3.02 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.52 |
6.39 |
6.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
7.67 |
14.96 |
19.00 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.14 |
1.99 |
2.04 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.33 |
1.24 |
1.53 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.46 |
0.43 |
0.37 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
29.00 |
17.36 |
35.53 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.14 |
1.99 |
2.04 |
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 |
0.630 |
0.630 |
0.630 |
|
Reserves & Surplus |
30.985 |
36.417 |
39.493 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
31.615 |
37.047 |
40.123 |
|
|
|
|
|
|
long-term borrowings |
14.700 |
8.050 |
7.950 |
|
Short term borrowings |
7.252 |
2.299 |
10.323 |
|
Current Maturities of Long term
Borrowings |
0.432 |
0.585 |
0.000 |
|
Total
borrowings |
22.384 |
10.934 |
18.273 |
|
Debt/Equity
ratio |
0.708 |
0.295 |
0.455 |
%20PRIVATE%20LIMITED%20-%20492314_MIRA%2014-Feb-2018_files/image022.gif)
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 |
199.192 |
243.892 |
268.769 |
|
|
|
22.441 |
10.200 |
%20PRIVATE%20LIMITED%20-%20492314_MIRA%2014-Feb-2018_files/image024.gif)
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 |
199.192 |
243.892 |
268.769 |
|
Profit |
6.008 |
5.541 |
3.077 |
|
|
3.02% |
2.27% |
1.14% |
%20PRIVATE%20LIMITED%20-%20492314_MIRA%2014-Feb-2018_files/image026.gif)
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 |
No |
|
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 |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
No |
|
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: NO
CHARGES EXISTS FOR COMPANY
UNSECURED LOANS
|
PARTICULARS |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans from related parties |
7.950 |
8.050 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Loans repayable on demand |
|
|
|
Form Bank |
10.323 |
2.299 |
|
Total |
18.273 |
10.349 |
CORPORATE
INFORMATION
The company is incorporated in 2nd April 1997 in state of Maharashtra,
India It operates in the area of trading in office equipment’s and systems.
PERFORMANCE OF THE COMPANY:
During the year, the Total Income of the Company has increased from INR 250.373 Million in current year as against INR 243.892 Million in previous year. Due to increase in indirect expenses in current year, the Company has earned profit of INR 2.638 Million in current year as against INR 5.541 Million in previous year.
The Directors are hopeful of better performance in the current year.
FIXED ASSETS:
Tangible Assets
· Computers
· Furniture and Fixtures
· Motor Vehicles
· Office Equipment
· Leasehold Improvements
Intangible Assets
· Computer Software
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 64.28 |
|
UK Pound |
1 |
INR 89.02 |
|
Euro |
1 |
INR 78.93 |
INFORMATION
DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.