|
|
|
MIRA INFORM REPORT
|
Report No. : |
493043 |
|
Report Date : |
19.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
WINTECH TAPARIA LIMITED |
|
|
|
|
Registered
Office : |
Village Bakaner, Tehsil Maheshwar District Khargone – 451001,
Madhya Pradesh |
|
Mobile No.: |
91-9755088444 (Mr. Rahul Taparia) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
06.11.1986 |
|
|
|
|
Com. Reg. No.: |
10-003649 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 10.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74210MP1986PLC003649 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACW2794C |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and trading of food processors and juice
extractors etc. [Registered
Activity] |
|
|
|
|
No. of Employees
: |
Information denied by the management |
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 : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1986 and it is having moderate
track records. For the financial year 2017, the company has increased its revenue
from operation and reported decent profitability margin of 7.24%. However, rating takes into consideration moderate financial risk
profile of the company marked by huge accumulated losses registered which has
resulted into erosion of its entire networth. Further, rating is constrained on account of modest scale of revenue
profile during the year and low liquidity position of the company. Payments are seems to be slow. In view of aforesaid, the company can be considered for business
dealings with safe and secured 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
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 19.02.2018
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. Rahul Taparia |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-9755088444 |
|
Date : |
18.02.2018 |
Management Non-Cooperative (91-731-4065690)
LOCATIONS
|
Registered Office : |
Village Bakaner, Tehsil Maheshwar District Khargone –
451001, Madhya Pradesh, India |
|
Tel. No.: |
91-731-4065690 |
|
Mobile No.: |
91-9755088444 (Mr. Rahul Taparia) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
60-B, Film Bhawan, 1St Floor, Rani Sati Gate Y.N. Road, Indore –
452003, Madhya Pradesh, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Harsh Maheshwari |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
1/1, Phadnis Colony A.B. Road, Indore -452001, Madhya
Pradesh, India |
||||||||||||
|
Date of Appointment : |
02.04.2007 |
||||||||||||
|
DIN No.: |
01631371 |
||||||||||||
|
Other Directorship:
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Pramod Shyamlalji Taparia |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
577/2, M.G. Road, Prem Kutir, Mourya Regency, Behind Anand
Bhavan, Indore- 452001, Madhya Pradesh, India |
||||||||||||
|
Date of Appointment : |
06.11.1986 |
||||||||||||
|
DIN No.: |
02492564 |
||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Balakrishna Pillai |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
F-31/111, Lav-Kush Awas Vihar Sukhlia, Indore – 452010,
Madhya Pradesh, India |
||||||||||||
|
Date of Appointment : |
06.09.2004 |
||||||||||||
|
DIN No.: |
02546812 |
||||||||||||
|
Other Directorship:
|
|||||||||||||
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Pramod Taparia |
|
1010 |
|
Deepak Kemkar |
|
160 |
|
Premlata Devi Taparia |
|
360 |
|
Veena Taparia |
|
320 |
|
Kusum Taparia |
|
290 |
|
Kanta Taparia |
|
100 |
|
Priyanka Maheshwari |
|
8830 |
|
Taparia Exports Private Limited, India |
|
1550 |
|
Harsh Maheshwari |
|
740 |
|
Pankaj Taparia |
|
200 |
|
Sureka Kemkar |
|
150 |
|
Rahul Taparia |
|
86290 |
|
|
|
|
|
Total |
|
100000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 28.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
1.01 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
97.44 |
|
Public/Other than promoters - Body corporate |
1.55 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and trading of food processors and juice extractors
etc. [Registered Activity] |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Nagori Nuwal and Company Chartered Accountants |
|
Address : |
229 Starlit Tower, 29.Y.N Road, Indore – 452010, Madhya Pradesh, India
|
|
Tel. No.: |
91-731-2530047 |
|
Mobile No.: |
91-9425319832/9425077379 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFN3164D |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprise in which
KMP is Director: |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
INR 100/- each |
INR 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
INR 100/- each |
INR 10.000 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 |
10.000 |
10.000 |
10.000 |
|
(b) Reserves &
Surplus |
(26.542) |
(33.708) |
(35.717) |
|
(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) |
(16.542) |
(23.708) |
(25.717) |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
7.591 |
7.591 |
20.403 |
|
(b) Trade payables |
8.862 |
3.631 |
11.276 |
|
(c) Other current liabilities |
60.627 |
122.885 |
56.003 |
|
(d) Short-term provisions |
9.951 |
6.332 |
6.759 |
|
Total Current Liabilities
(4) |
87.031 |
140.439 |
94.441 |
|
|
|
|
|
|
TOTAL |
70.489 |
116.731 |
68.724 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
5.077 |
4.120 |
4.520 |
|
(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 |
2.850 |
2.850 |
2.500 |
|
(c) Deferred tax assets
(net) |
1.278 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.114 |
1.826 |
1.851 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
11.319 |
8.796 |
8.871 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
34.642 |
54.562 |
39.176 |
|
(c) Trade receivables |
6.156 |
3.897 |
3.842 |
|
(d) Cash and cash
equivalents |
0.419 |
11.899 |
0.080 |
|
(e) Short-term loans and
advances |
17.235 |
37.552 |
16.727 |
|
(f) Other current assets |
0.718 |
0.025 |
0.028 |
|
Total Current Assets |
59.170 |
107.935 |
59.853 |
|
|
|
|
|
|
TOTAL |
70.489 |
116.731 |
68.724 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
99.016 |
19.651 |
85.877 |
|
|
Other Income |
28.616 |
17.426 |
0.697 |
|
|
TOTAL |
127.632 |
37.077 |
86.574 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
38.809 |
19.177 |
36.120 |
|
|
Purchases of Trading |
41.169 |
2.082 |
17.521 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
7.256 |
(4.856) |
(9.344) |
|
|
Employees benefits
expense |
12.570 |
10.589 |
16.477 |
|
|
Other expenses |
19.092 |
15.278 |
20.593 |
|
|
TOTAL |
118.896 |
42.270 |
81.367 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
8.736 |
(5.193) |
5.207 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.540 |
0.664 |
0.550 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
8.196 |
(5.857) |
4.657 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.711 |
0.652 |
0.748 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
7.485 |
(6.509) |
3.909 |
|
|
|
|
|
|
|
Less |
TAX |
0.319 |
0.131 |
1.154 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
7.166 |
(6.640) |
2.755 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
65.646 |
12.722 |
76.514 |
|
|
TOTAL EARNINGS |
65.646 |
12.722 |
76.514 |
|
|
|
|
|
|
|
|
IMPORTS |
29.068 |
7.415 |
3.785 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
71.66 |
(66.41) |
27.55 |
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 |
(9.301) |
13.045 |
5.352 |
|
|
|
|
|
|
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) |
22.69 |
72.38 |
16.33 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
16.08 |
5.04 |
22.35 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
40.44 |
62.34 |
76.73 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.25 |
(0.10) |
0.13 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.72 |
(1.26) |
1.15 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
1.23 |
1.20 |
1.37 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
(0.46) |
(0.32) |
(0.79) |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
(5.26) |
(5.92) |
(3.67) |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
(0.31) |
(0.17) |
(0.18) |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
16.18 |
(7.82) |
9.47 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
7.24 |
(33.79) |
3.21 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
10.17 |
(5.69) |
4.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(43.32) |
28.01 |
(10.71) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.68 |
0.77 |
0.63 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.28 |
0.38 |
0.22 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
(0.23) |
(0.20) |
(0.37) |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.76 |
0.76 |
2.04 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.68 |
0.77 |
0.63 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
10.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
(35.717) |
(33.708) |
(26.542) |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
(25.717) |
(23.708) |
(16.542) |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.000 |
|
Short Term borrowings |
20.403 |
7.591 |
7.591 |
|
Total
borrowings |
20.403 |
7.591 |
7.591 |
|
Debt/Equity
ratio |
(0.793) |
(0.320) |
(0.459) |
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
|
85.877 |
19.651 |
99.016 |
|
|
|
(77.117) |
403.873 |
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
|
85.877 |
19.651 |
99.016 |
|
Profit |
2.755 |
(6.640) |
7.166 |
|
|
3.21% |
(33.79%) |
7.24% |
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 |
No |
|
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 |
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 |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
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 CHARGE: No Charges Exists for Company
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
SHORT TERM BORROWINGS |
|
|
|
Loans repayable
on demand |
7.591 |
7.591 |
|
Total |
7.591 |
7.591 |
Contingent
Liabilities
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
|
|
|
|
Demand from Service Tax Authorities disputed by the Company which under appeal No. ST/52321/2016 |
1.094 |
1.094 |
|
Demand from Sales Tax Authorities disputed by the Company which under appeal |
5.377 |
5.377 |
|
Contested demand of penalty imposed by the Deputy Director, Directorate of Enforcement, New Delhi |
0.305 |
0.305 |
|
Contested demand of interest of damages imposed by the Assistant Provident Fund Commissioner, Indore, M.P |
1.236 |
1.236 |
|
Demand From CESTAT, N. Delhi by the Company which under appeal No E/50107/2017 |
4.332 |
0.000 |
FIXED ASSETS:
- Leasehold Land
- Factory Building
- Plant and Machinery
- Furniture and Fixtures
- Office and Factory Equipment’s
- Vehicles
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 63.91 |
|
|
1 |
INR 90.31 |
|
Euro |
1 |
INR 80.17 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
KVT |
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.