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|
|
%20PRIVATE%20LIMITED%20-%20494196_MIRA%2024-Feb-2018_files/image002.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20494196_MIRA%2024-Feb-2018_files/image004.jpg)
%20PRIVATE%20LIMITED%20-%20494196_MIRA%2024-Feb-2018_files/image005.gif)
MIRA INFORM REPORT
|
Report No. : |
494196 |
|
Report Date : |
24.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
EFTEC (INDIA) PRIVATE LIMITED (w.e.f. 12.10.2012) |
|
|
|
|
Formerly Known
As : |
EFTEC SHROFF (INDIA) PRIVATE LIMITED (w.e.f. 08.06.2012) EFTEC SHROFF (INDIA) LIMITED |
|
|
|
|
Registered
Office : |
G-9, MIDC Ranjangaon, Pune-Ahmednagar Highway, Ranjangaon
Shirur, Pune – 412210, Maharashtra |
|
Tel. No.: |
91-20-66230720 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
30.06.2000 |
|
|
|
|
Com. Reg. No.: |
11-147685 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 15.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25200PN2000PTC147685 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Applicable (As informed by the management that firm
does not have export and import) |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACE7652D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in manufacturing and sales of bonding, coating and sealing adhesives used in the automobile industry. (Registered activity) |
|
|
|
|
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Eftec AG, Switzerland” and was incorporated in the year 2000. It is engaged in manufacturing and supplying bonding, coating, sealing and damping adhesives used in the automobile industry.
|
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
|
Rating Agency Name |
ICRA |
|
Rating |
Long Term Borrowing = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
03.01.2018 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Borrowing = A2 |
|
Rating Explanation |
Moderate degree of safety and low credit risk. |
|
Date |
03.01.2018 |
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 24.02.2018
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
MANAGEMENT NON-COOPERATIVE: Tel. No.: 91-20-66230720 / 91-213-8663400
LOCATIONS
|
Registered Office : |
G-9, MIDC Ranjangaon, Pune-Ahmednagar Highway, Ranjangaon
Shirur, Pune – 412210, Maharashtra, India |
|
Tel. No.: |
91-2138-663400/66230720 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Sagar Tanaji Kulkarni |
|
Designation : |
Additional director |
|
Address : |
9/2, Coroment Housing Society, Sector No-27, Sai Prasad, Sindhunagar,
Pradhikaran, Nigdi, Pune - 411044, Maharashtra, India |
|
Date of Birth/Age : |
16.03.1972 |
|
Date of Appointment : |
17.01.2015 |
|
PAN No.: |
AIBPK2350G |
|
DIN No.: |
05189345 |
|
|
|
|
Name : |
Mr. Tee Check Seng |
|
Designation : |
Director |
|
Address : |
9G Yuan Ching Road, 12-72 Lakeside Tower, Singapore,
618649, , Singapore |
|
Date of Birth/Age : |
01.06.1957 |
|
Date of Appointment : |
03.02.2014 |
|
DIN No.: |
01513072 |
|
|
|
|
Name : |
Mr. Pascal Frei |
|
Designation : |
Director |
|
Address : |
Seestrasse 24, Landschlacht 8597 CH |
|
Date of Appointment : |
19.06.2017 |
|
DIN No.: |
07852428 |
|
|
|
|
Name : |
Markus Johann Kremmel |
|
Designation : |
Additional director |
|
Address : |
ST.- Antonius Strasse 26A Lustenau 6890 AT |
|
Date of Appointment : |
01.02.2018 |
|
DIN No.: |
07965973 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
EFTEC Asia Pte Limited, Switzerland |
735000 |
49.00 |
|
EFTEC AG, Switzerland |
765000 |
51.00 |
|
Total |
1500000 |
100.00 |
%20PRIVATE%20LIMITED%20-%20494196_MIRA%2024-Feb-2018_files/image006.gif)
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoter - Bodies
corporate |
51.00 |
|
Public - Bodies corporate |
49.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacturing and sales of bonding, coating and sealing adhesives used in the automobile industry. (Registered activity) |
||||
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|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Divulged |
||||
|
|
|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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|
|
|
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|
Customers : |
|
||||||||||||||||||||||
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||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
|
Auditors : |
|
|
Name : |
B S R and Associates LLP Chartered Accountants |
|
Address : |
7th and 8th Floor, Business Plaxa Westin Hotel, Campus 36*3B, Koregaon Park, Annex Mumndhwa Road, Ghorpadi, Pune – 411001, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AADFB6889R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company : |
EFTEC AG, Switzerland |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
INR 10/- each |
INR 30.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
INR 10/- each |
INR 15.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
15.000 |
15.000 |
15.000 |
|
(b) Reserves and Surplus |
359.772 |
243.557 |
247.620 |
|
(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) |
374.772 |
258.557 |
262.620 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
146.718 |
157.777 |
154.401 |
|
(b) Deferred tax liabilities (Net) |
21.399 |
20.078 |
11.549 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
3.221 |
3.584 |
4.755 |
|
Total Non-current
Liabilities (3) |
171.338 |
181.439 |
170.705 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
181.691 |
126.956 |
134.850 |
|
(c) Other
current liabilities |
29.748 |
18.859 |
13.860 |
|
(d) Short-term
provisions |
5.754 |
25.835 |
4.790 |
|
Total Current
Liabilities (4) |
217.193 |
171.650 |
153.500 |
|
|
|
|
|
|
TOTAL |
763.303 |
611.646 |
586.825 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
212.479 |
223.466 |
232.431 |
|
(ii)
Intangible Assets |
1.161 |
0.000 |
1.556 |
|
(iii) Tangible assets
capital work-in-progress |
13.554 |
0.782 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
1.042 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
11.222 |
29.642 |
33.153 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
238.416 |
254.932 |
267.140 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
152.158 |
136.267 |
149.776 |
|
(c) Trade
receivables |
142.783 |
142.191 |
111.381 |
|
(d) Cash and
bank balances |
96.475 |
48.876 |
15.261 |
|
(e) Short-term
loans and advances |
25.989 |
17.283 |
26.440 |
|
(f) Other
current assets |
107.482 |
12.097 |
16.827 |
|
Total
Current Assets |
524.887 |
356.714 |
319.685 |
|
|
|
|
|
|
TOTAL |
763.303 |
611.646 |
586.825 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1129.217 |
971.749 |
926.747 |
|
|
Other Income |
11.256 |
10.128 |
9.309 |
|
|
TOTAL |
1140.473 |
981.877 |
936.056 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
713.976 |
579.877 |
590.169 |
|
|
Purchases of
Stock-in-Trade |
76.662 |
79.874 |
98.769 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(15.655) |
1.646 |
9.313 |
|
|
Employee benefit expense |
55.683 |
52.319 |
65.463 |
|
|
Other expenses |
106.612 |
116.396 |
105.349 |
|
|
TOTAL |
937.278 |
830.112 |
869.063 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
203.195 |
151.765 |
66.993 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
7.961 |
7.591 |
6.290 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
195.234 |
144.174 |
60.703 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
14.018 |
16.367 |
13.606 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
181.216 |
127.807 |
47.097 |
|
|
|
|
|
|
|
Less |
TAX |
65.837 |
40.821 |
10.311 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
115.379 |
86.986 |
36.786 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
76.92 |
57.99 |
24.524 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
9.728 |
0.000 |
0.000 |
|
Net cash flows from (used in) operations |
224.569 |
143.281 |
70.290 |
|
Net cash flows from (used in) operating activities |
158.043 |
127.303 |
60.490 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
46.15 |
53.41 |
43.87 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
7.91 |
6.83 |
8.32 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
83.88 |
70.24 |
71.44 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.34 |
1.11 |
0.45 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.89 |
0.67 |
0.29 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.49 |
0.54 |
0.52 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.42 |
0.61 |
0.59 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.58 |
0.66 |
0.58 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.61 |
0.87 |
0.89 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
25.52 |
19.99 |
10.65 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
10.22 |
8.95 |
3.97 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
15.12 |
14.22 |
6.27 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
30.79 |
33.64 |
14.01 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.42 |
2.08 |
2.08 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.72 |
1.28 |
1.11 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.49 |
0.42 |
0.45 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
10.43 |
10.52 |
10.29 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.42 |
2.08 |
2.08 |
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 |
15.000 |
15.000 |
15.000 |
|
Reserves & Surplus |
247.620 |
243.557 |
359.772 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
262.620 |
258.557 |
374.772 |
|
|
|
|
|
|
Long-term borrowings |
154.401 |
157.777 |
146.718 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current maturities of
long-term debts |
0.000 |
0.000 |
9.728 |
|
Total
borrowings |
154.401 |
157.777 |
156.446 |
|
Debt/Equity
ratio |
0.588 |
0.610 |
0.417 |
%20PRIVATE%20LIMITED%20-%20494196_MIRA%2024-Feb-2018_files/image007.gif)
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 |
926.747 |
971.749 |
1129.217 |
|
|
0.000 |
4.856 |
16.205 |
%20PRIVATE%20LIMITED%20-%20494196_MIRA%2024-Feb-2018_files/image008.gif)
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 |
926.747 |
971.749 |
1129.217 |
|
Profit/ (Loss) |
36.786 |
86.986 |
115.379 |
|
|
3.97
% |
8.95
% |
10.22
% |
%20PRIVATE%20LIMITED%20-%20494196_MIRA%2024-Feb-2018_files/image009.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 |
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 |
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 |
Yes |
|
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 |
COMPANY BACKGROUND
Subject (‘the Company”) was incorporated on 30 June 2000 as a Private Company under the Companies Act, 1956. The Company is engaged in manufacturing and sales of bonding, coating and sealing adhesives used in the automobile industry.
MATERIAL CHANGES AFTER
CLOSE OF FINANCIAL YEAR
There are no significant changes between closure of the financial year ended on 31st March, 2017 and the date of this report in respect of company’s financial position, profitability, turnover, new business activity, suspension of any business activity, foreign collaborations, joint ventures etc.
FUTURE OUTLOOK
The Company is expecting stable performance in the future.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Fully convertible debentures intercorporate |
98.080 |
98.080 |
|
Other external commercial borrowings |
48.638 |
59.697 |
|
Total |
146.718 |
157.777 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
C57673436 |
10399451 |
ICICI BANK LIMITED |
14/01/2013 |
12/06/2015 |
- |
160000000.0 |
Regional Head Office,A Wing, 3rd Floor,Shangrila Gardens, Bund Garden Road,PuneMH411001IN |
|
2 |
B90208158 |
10087938 |
Standard Chartered Bank |
07/02/2008 |
- |
18/11/2013 |
70000000.0 |
90, M G Road,Fort,MumbaiMH400001IN |
|
3 |
B69860443 |
10115675 |
ING VYSYA BANK LIMITED |
13/06/2008 |
29/12/2011 |
12/02/2013 |
170951000.0 |
103/104, 'A' WING, I FLOOR, FLORAL DECK PLAZA,MIDC CENTRAL ROAD, ANDHERI (E),MUMBAIMH400093IN |
|
4 |
A36675593 |
80044403 |
STATE BANK OF INDIA |
22/12/2005 |
- |
19/04/2008 |
102500000.0 |
INDUSTRIAL FINANCE BRANCH,ANDHERI (E)MUMBAIMH400069IN |
|
5 |
A17012543 |
90232808 |
BANK OF BARODA |
13/05/2002 |
- |
30/05/2007 |
15000000.0 |
INTERNATIONAL BUSINESS BRANCHMUMBAIMH400021IN |
|
6 |
A17013657 |
90234827 |
BANK OF BARODA |
09/01/2002 |
02/01/2004 |
30/05/2007 |
15000000.0 |
INTERNATIONAL BUSINESS BRANCHMUMBAIMH400021IN |
FIXED ASSETS
- Land
- Buildings
- Factory building
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
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 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 65.04 |
|
|
1 |
INR 90.41 |
|
Euro |
1 |
INR 79.83 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
SUJ |
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.