|
|
|
MIRA
INFORM REPORT
|
Report No. : |
492891 |
|
Report Date : |
17.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
ASHARAE CLEAN ROOM PRESENTATIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
D-73, Madhura Nagar, Hyderabad – 500038, Telangana |
|
Tel. No.: |
91-40-44588000 / 23714236 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
22.02.1990 |
|
|
|
|
Com. Reg. No.: |
01-011042 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 20.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29197AP1990PTC011042 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA7276Q |
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|
|
|
GSTIN : |
Not Divulged |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
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|
|
|
Line of Business
: |
Sales (Supply) of HVAC/ Clean/ Sterile Room Systems and also Providing Electrical Installation Services. (Registered activity) |
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|
|
|
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 |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject was incorporated in the year 1990. Management has failed to file its financial with the Registrar of
Companies for the FY 2017. For the financial year 2016, the company has achieved revenue growth
of 9.21% as compared to the previous year but has reported a low profit
margin of 0.85%. The satisfactory financial profile of the company is marked by
adequate net worth base along with comfortable debt balance sheet profile. Rating takes into account the subject’s long established track record
of business operations along with extensive experience of its promoters. However, rating is constrained on account of absence of latest
financials. Payments seems to be slow but correct. In view of 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 (30.09.2017) |
Current Rating (31.12.2017) |
|
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 17.02.2018
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. Vinay Gupta |
|
Designation : |
Manager |
|
Contact No.: |
91-9849014898 |
|
Date : |
17.02.2018 |
LOCATIONS
|
Registered Office : |
D-73, Madhura Nagar, Hyderabad – 500038, Telangana, India |
|
Tel. No.: |
91-40-44588000 / 23714236 |
|
Mobile No.: |
91-9849014898 (Mr. Vinay Gupta) |
|
Fax No.: |
91-40-23714236 |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
Phase IV, Pashamylaram, Patancheru Mandal, Sangareddy (District) - 502307, Telangana, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Mohan Meena |
||||||||||||
|
Designation : |
Wholetime Director |
||||||||||||
|
Address : |
Plot No. 23, Flat No. C-2, Sri Constructions Amar Co-Operative Society, Opposite Madhapur Police Station, Hyderabad – 500033, Telangana, India |
||||||||||||
|
Date of Appointment : |
01.04.2001 |
||||||||||||
|
DIN No.: |
00527908 |
||||||||||||
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|
|
||||||||||||
|
Name : |
Mr. Madan Poonthottam Nair |
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|
Designation : |
Wholetime Director |
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|
Address : |
Flat No. 106, Mani Enclave, Yapral Road, Secunderabad – 500087, Telangana, India |
||||||||||||
|
Date of Appointment : |
22.02.1990 |
||||||||||||
|
DIN No.: |
00551452 |
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Other Directorship:
|
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|
||||||||||||
|
Name : |
Mr. Makkara Sada Anand |
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|
Designation : |
Managing Director |
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|
Address : |
H.No. 77, Whisper Valley Jubilee Hills, Hyderabad – 500008, Telangana, India |
||||||||||||
|
Date of Appointment : |
22.02.1990 |
||||||||||||
|
DIN No.: |
00551600 |
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Other Directorship:
|
|||||||||||||
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|
|
||||||||||||
|
Name : |
Mr. Kiran Gupta |
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|
Designation : |
Wholetime Director |
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|
Address : |
Flat No. 202, Krishna Enclave Apts, Plot No. 2, Brook Bond Colony, Kakaguda, Secunderabad – 500015, Telangana, India |
||||||||||||
|
Date of Appointment : |
06.03.2004 |
||||||||||||
|
DIN No.: |
00609657 |
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KEY EXECUTIVES
|
Name : |
Mr. Vinay Gupta |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Makkara Sadanand |
|
74420 |
|
Madan Poonthotan Nair |
|
24124 |
|
Makkara Mohan Chandran |
|
11000 |
|
Kamala Kumari |
|
1080 |
|
E.G.K. Nair Late Sankunni Nair |
|
200 |
|
Prasanth Anand |
|
22520 |
|
Preeti Anand |
|
10384 |
|
E.P.E.Nair Achuthan Nair |
|
4000 |
|
Meena Mohan |
|
19004 |
|
Rekha Madan |
|
1520 |
|
Kiran Gupta |
|
16560 |
|
V.K. Gupta |
|
13444 |
|
M.S. Shanker Late N.C.G. Nair |
|
584 |
|
M. Anuradha Late N.C.G. Nair |
|
400 |
|
M. Sathi Late N.C.G. Nair |
|
400 |
|
A. Radhakrishnan |
|
360 |
|
|
|
|
|
Total |
|
200000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
97.03 |
|
Promoter – Others
– relatives of Directors |
2.97 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Sales (Supply) of HVAC/ Clean/ Sterile Room Systems and also Providing Electrical Installation Services. (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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|
|||||||||||
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Imports : |
Not Divulged |
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|
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|||||||||||
|
Terms : |
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 : |
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Facilities : |
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|
Auditors : |
|
|
Name : |
K. Nagaraju and Company Chartered Accountants |
|
Address : |
2-2-A/A/A, D D Colony, Shivam Road, Hyderabad – 500007, Telangana, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AFEPK5239G |
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|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates : |
|
CAPITAL STRUCTURE
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
INR 100/- each |
INR 30.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
INR 100/- each |
INR 20.000 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 |
20.000 |
20.000 |
20.000 |
|
(b) Reserves & Surplus |
47.245 |
45.355 |
44.373 |
|
(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) |
67.245 |
65.355 |
64.373 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
21.021 |
22.196 |
15.596 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
13.543 |
7.074 |
8.373 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
34.564 |
29.270 |
23.969 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
55.198 |
31.717 |
55.259 |
|
(b) Trade payables |
115.562 |
92.474 |
83.144 |
|
(c) Other current liabilities |
38.094 |
47.853 |
14.311 |
|
(d) Short-term provisions |
1.014 |
0.689 |
1.192 |
|
Total
Current Liabilities (4) |
209.868 |
172.733 |
153.906 |
|
|
|
|
|
|
TOTAL |
311.677 |
267.358 |
242.248 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
39.235 |
41.375 |
34.816 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.198 |
0.241 |
0.242 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
39.433 |
41.616 |
35.058 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
9.337 |
15.388 |
20.941 |
|
(c) Trade receivables |
215.686 |
161.649 |
146.721 |
|
(d) Cash and cash equivalents |
22.583 |
22.716 |
10.850 |
|
(e) Short-term loans and
advances |
24.638 |
25.989 |
28.678 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
272.244 |
225.742 |
207.190 |
|
|
|
|
|
|
TOTAL |
311.677 |
267.358 |
242.248 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
221.411 |
202.731 |
216.909 |
|
|
Other Income |
1.789 |
3.378 |
5.887 |
|
|
TOTAL
|
223.200 |
206.109 |
222.796 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
157.869 |
117.878 |
134.173 |
|
|
Employees benefits expense |
19.075 |
18.321 |
26.885 |
|
|
Other expenses |
30.344 |
50.853 |
48.489 |
|
|
TOTAL |
207.288 |
187.052 |
209.547 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
15.912 |
19.057 |
13.249 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
9.997 |
14.371 |
9.079 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
5.915 |
4.686 |
4.170 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
2.915 |
2.964 |
1.198 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
3.000 |
1.722 |
2.972 |
|
|
|
|
|
|
|
Less |
TAX |
1.110 |
0.740 |
1.403 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
1.890 |
0.982 |
1.569 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
18.715 |
1.606 |
8.141 |
|
|
TOTAL
IMPORTS |
18.715 |
1.606 |
8.141 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
9.00 |
4.91 |
7.85 |
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 |
6.413 |
31.197 |
27.194 |
|
Net cash flow from operating activity |
5.346 |
30.458 |
25.612 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
355.56 |
291.04 |
246.89 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
1.03 |
1.25 |
1.48 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
267.18 |
286.34 |
226.18 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.70 |
1.24 |
0.63 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.41 |
0.46 |
0.38 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.74 |
0.73 |
0.70 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.13 |
0.82 |
1.10 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
3.12 |
2.64 |
2.39 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.58 |
0.63 |
0.54 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.59 |
1.33 |
1.46 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
((PAT / Sales) * 100) |
% |
0.85 |
0.48 |
0.72 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.61 |
0.37 |
0.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
2.81 |
1.50 |
2.44 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.30 |
1.31 |
1.35 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.25 |
1.22 |
1.21 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.22 |
0.24 |
0.27 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
3.81 |
2.70 |
3.54 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.30 |
1.31 |
1.35 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
20.000 |
20.000 |
20.000 |
|
Reserves & Surplus |
44.373 |
45.355 |
47.245 |
|
Net
worth |
64.373 |
65.355 |
67.245 |
|
|
|
|
|
|
Long Term borrowings |
15.596 |
22.196 |
21.021 |
|
Short Term borrowings |
55.259 |
31.717 |
55.198 |
|
Total
borrowings |
70.855 |
53.913 |
76.219 |
|
Debt/Equity
ratio |
1.101 |
0.825 |
1.133 |
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
|
216.909 |
202.731 |
221.411 |
|
|
|
(6.536) |
9.214 |
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
|
216.909 |
202.731 |
221.411 |
|
Profit |
1.569 |
0.982 |
1.890 |
|
|
0.72% |
0.48% |
0.85% |
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 |
No |
|
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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OPERATIONS AND FUTURE
OUTLOOK
The Company is able to achieve turnover of INR 223.200 Million which is 9% more as compare to previous year and profit before tax stood at INR 3.000 Million which is higher by 74% as compared to last year. The operations and working hard to improve the operations and more concentrate on the quality of services and also looking for new clients and expecting good turnover and margins in the years to come.
The Directors expecting the same level of operations in the Coming year too.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans from Directors |
5.200 |
5.200 |
|
|
|
|
|
Total |
5.200 |
5.200 |
INDEX OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
A22030837 |
10065895 |
CANARA BANK |
01/08/2007 |
- |
- |
30000000.0 |
AMEERPET BRANCHAMEERPETHYDERABADAP500016IN |
|
2 |
G40810285 |
90138517 |
Canara Bank |
01/01/2005 |
31/12/2016 |
- |
201424000.0 |
AMEERPET BRANCHVAMSHEE ESTATES, 1ST FLOOR, AMEERPETHYDERABADTG500016IN |
|
3 |
Y10231218 |
90138413 |
CANARA BANK |
06/03/2003 |
- |
- |
1125000.0 |
AMEERPETH BRANCHHYDERABADAPIN |
|
4 |
Y10233039 |
90140234 |
CANARA BANK |
01/06/2002 |
15/11/2002 |
- |
2000000.0 |
AMEERPETHHYDERABADAPIN |
|
5 |
Y10231095 |
90138290 |
CANARA BANK |
25/06/2001 |
- |
- |
1300000.0 |
AMEERPETH BRANCHHYDERABADAPIN |
|
6 |
Y10232997 |
90140192 |
CANARA BANK |
24/03/2001 |
- |
- |
5500000.0 |
AMEERPETHHYDERABADAPIN |
|
7 |
Y10230903 |
90138098 |
CANARA BANK |
02/02/1999 |
- |
- |
150000.0 |
AMEERPETHHYDERABADAPIN |
|
8 |
Y10230894 |
90138089 |
CANARA BANK |
21/12/1998 |
- |
- |
750000.0 |
AMEERPETH BRANCHHYDERABADAPIN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
Demands raised by the Excise authroties agasinst which appeals have been file |
13.323 |
13.323 |
|
Demands raised by the Sales Tax authroties agasinst which appeals have been file |
29.303 |
29.303 |
|
Total |
42.626 |
42.626 |
FIXED ASSETS
- Machinery
- Furniture
- Tools and Equipment
- Office Equipment
- Vehicles
- Electrical Installations
- Computers
- Office Building
- Land
- Factory Building
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 63.93 |
|
|
1 |
INR 89.55 |
|
Euro |
1 |
INR 79.68 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHAL |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
KJL |
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.