|
|
|
MIRA INFORM REPORT
|
Report No. : |
488445 |
|
Report Date : |
24.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
SGS WEATHER AND ENVIRONMENTAL SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
22, Ground Floor, South Ex. Plaza-II, South Extension Part-II, New
Delhi - 110049 |
|
Tel. No.: |
91-11-26257073/ 26257212 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
06.11.2003 |
|
|
|
|
Com. Reg. No.: |
55-122957 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 10.759 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999DL2003PTC122957 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0504010883 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAHCS9021P |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
07AAHCS9021P1ZT 06AAHCS9021P1ZV |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is the System Integrator of Weather and Environmental Systems. (Confirmed by management) |
|
|
|
|
No. of Employees
: |
59 (Approximately) |
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 : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2003 and it is having good track. For the financial year 2017, the company has increased its revenue
from operation as compared to previous year and maintained decent
profitability margin of 9.47%. Rating takes into consideration sound financial profile of the company
marked by adequate networth base and low debt balance sheet. Further, rating also reflects from its long standing track records of
business operations and improvement in the revenue as well as profitability
profile during the year. Trade relations are reported as fair. Business is active. Payments
terms are seem to be regular. In view of the 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 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 PARTED BY
|
Name : |
Ms. Sonia Sharma |
|
Designation : |
Back Office Manager |
|
Contact No.: |
91-9650057969 |
|
Date : |
12.02.2018 |
LOCATIONS
|
Registered Office : |
22, Ground Floor, South Ex. Plaza-II, South Extension Part-II, New
Delhi – 110049, India |
|
Tel. No.: |
91-11-26257073/ 26257212 |
|
Mobile No.: |
91-9650057969 (Ms. Sonia Sharma) |
|
Fax No.: |
91-11-26257213 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1680 sq. ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Corporate Office : |
Plot No.36, Udyog Vihar, Phave IV, Gurugram – 122015, Haryana, India |
|
Tel. No.: |
91-124-4810917-920/ 2340235/ 2340236/ 2340237 |
|
Fax No.: |
91-124-40000184/ 2340238 |
|
Area : |
5812 sq. ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Vipin Gandhi |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
22, Akash Neem Marg, DLF City, Phase-2, DLF QE, Gurugram – 122002, Haryana, India |
||||||||||||
|
Date of Birth/Age : |
48 Years |
||||||||||||
|
Qualification : |
B.Tech |
||||||||||||
|
Experience : |
25 Years |
||||||||||||
|
Date of Appointment : |
16.11.2003 |
||||||||||||
|
DIN No.: |
01233840 |
||||||||||||
|
Other Directorship:
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mrs. Sonia Gandhi |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
22 Akash Neem Marg, DLF Phase 2, DLF QE, Gurugram – 122002, Haryana, India |
||||||||||||
|
Date of Birth/Age : |
45 Years |
||||||||||||
|
Qualification : |
Graduate |
||||||||||||
|
Experience : |
18 Years |
||||||||||||
|
Date of Appointment : |
16.11.2003 |
||||||||||||
|
DIN No.: |
02400160 |
||||||||||||
|
Other Directorship:
|
|||||||||||||
KEY EXECUTIVES
|
Name : |
Ms. Sonia Sharma |
|
Designation : |
Back Office Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
%age |
|
Vipin Gandhi |
994425 |
92.43 |
|
Sonia Gandhi |
70500 |
6.55 |
|
Ashima Agarwal |
10996 |
1.02 |
|
Total |
1075921 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is the System Integrator of Weather and Environmental Systems. (Confirmed by management) |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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||||
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Exports : |
Not Divulged |
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||||
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Imports : |
Not Divulged |
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Terms : |
|
||||
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Selling : |
Others (NEFT/ RTGS) |
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|
||||
|
Purchasing : |
Others (NEFT/ RTGS) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
End Users
|
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No. of Employees : |
59 (Approximately) |
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Bankers : |
|
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||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Khandelia and Sharma Chartered Accountants |
|
Address : |
407, South-Ex Plaza-II, South Extension, Part-2, New Delhi – 110049,
India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFK6345G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates : |
SGS Frangible Towers Private Limited (Formally – SGS Siyaram Financial
Services Private Limited) |
|
|
|
|
Other Related Party : |
Cybernet IT Solutions |
CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
INR 10/- each |
INR 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1075921 |
Equity Shares |
INR 10/- each |
INR 10.759
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 |
10.759 |
10.759 |
10.759 |
|
(b) Reserves & Surplus |
129.226 |
113.048 |
97.716 |
|
(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) |
139.985 |
123.807 |
108.475 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
58.694 |
67.165 |
59.220 |
|
(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) |
58.694 |
67.165 |
59.220 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
5.953 |
23.270 |
38.856 |
|
(c) Other
current liabilities |
31.175 |
12.758 |
26.060 |
|
(d) Short-term
provisions |
7.543 |
7.355 |
10.368 |
|
Total Current
Liabilities (4) |
44.671 |
43.383 |
75.284 |
|
|
|
|
|
|
TOTAL |
243.350 |
234.355 |
242.979 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
64.829 |
60.372 |
3.651 |
|
(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 |
43.411 |
42.828 |
79.386 |
|
(c) Deferred tax assets (net) |
0.083 |
0.516 |
0.774 |
|
(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 |
108.323 |
103.716 |
83.811 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
4.876 |
2.702 |
18.226 |
|
(c) Trade
receivables |
31.663 |
10.543 |
35.279 |
|
(d) Cash
and cash equivalents |
89.925 |
101.353 |
87.321 |
|
(e) Short-term
loans and advances |
8.563 |
16.041 |
18.342 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
135.027 |
130.639 |
159.168 |
|
|
|
|
|
|
TOTAL |
243.350 |
234.355 |
242.979 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
170.822 |
160.010 |
250.017 |
|
|
Other Income |
7.443 |
16.360 |
6.908 |
|
|
TOTAL |
178.265 |
176.370 |
256.925 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
0.000 |
|
|
Purchases and Project
Expenses |
118.067 |
98.040 |
162.210 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(2.174) |
15.525 |
25.537 |
|
|
Employees benefits
expense |
18.620 |
14.234 |
15.232 |
|
|
Other expenses |
11.464 |
16.680 |
17.976 |
|
|
TOTAL |
145.977 |
144.479 |
220.955 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
32.288 |
31.891 |
35.970 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
5.903 |
6.571 |
2.382 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
26.385 |
25.320 |
33.588 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.231 |
2.376 |
3.309 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
24.154 |
22.944 |
30.279 |
|
|
|
|
|
|
|
Less |
TAX |
7.976 |
7.612 |
9.846 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
16.178 |
15.332 |
20.433 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
6.096 |
3.109 |
7.648 |
|
|
TOTAL EARNINGS |
6.096 |
3.109 |
7.648 |
|
|
|
|
|
|
|
|
CIF VALUE OF IMPORTS |
78.270 |
44.581 |
82.919 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
15.04 |
14.25 |
18.99 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
14.501 |
4.833 |
3.706 |
|
Cash generated from operations |
NA |
36.323 |
23.442 |
|
Net cash flow from operating activity |
NA |
25.955 |
15.376 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
67.66 |
24.05 |
51.50 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
5.40 |
15.18 |
7.09 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
18.40 |
86.63 |
87.43 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
6.62 |
11.80 |
1.97 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.50 |
0.53 |
9.85 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.48 |
0.49 |
0.57 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.52 |
0.58 |
0.58 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.32 |
0.35 |
0.69 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.46 |
0.49 |
0.03 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
5.47 |
4.85 |
15.10 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
9.47 |
9.58 |
8.17 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
6.65 |
6.54 |
8.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
11.56 |
12.38 |
18.84 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
3.02 |
3.01 |
2.11 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
2.91 |
2.95 |
1.87 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.58 |
0.53 |
0.45 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
6.80 |
6.69 |
5.85 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
3.02 |
3.01 |
2.11 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
10.759 |
10.759 |
10.759 |
|
Reserves & Surplus |
97.716 |
113.048 |
129.226 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
108.475 |
123.807 |
139.985 |
|
|
|
|
|
|
long-term borrowings |
59.220 |
67.165 |
58.694 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities of
Long term debt |
3.706 |
4.833 |
14.501 |
|
Total borrowings |
62.926 |
71.998 |
73.195 |
|
Debt/Equity ratio |
0.580 |
0.582 |
0.523 |
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 |
250.017 |
160.010 |
170.822 |
|
|
|
(36.000) |
6.757 |
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 |
250.017 |
160.010 |
170.822 |
|
Profit/(Loss) |
20.433 |
15.332 |
16.178 |
|
|
8.17% |
9.58% |
9.47% |
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 |
Yes |
|
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 |
Yes |
|
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 |
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: As confirmed by management the registered office of the company has been shifted from “29, Ground Floor, South Extension- Plaza 2, South Extension Part- 2, New Delhi - 110049, India” to the present address
BRIEF DESCRIPTION
OF THE COMPANY’S WORKING DURING THE YEAR/ STATE OF COMPANY’S AFFAIR :
The company achieved 6.76% growth in gross revenue which increased from
INR 160.010 Million in FY 2015-16 to INR 170.822 Million in FY 2016-17 and profit
after tax increased by 5.52% from INR 15.332 Million to INR 16.178 Million.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans from Directors |
14.695 |
7.485 |
|
|
|
|
|
Total |
14.695 |
7.485 |
INDEX
OF CHARGES
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C82502501 |
10627996 |
ICICI BANK LIMITED |
26/02/2016 |
- |
- |
90000000.0 |
LANDMARKRACE COURCE CIRCLE ALKAPURI BARODA GUJARAT 390015 INDIA |
|
2 |
G39672902 |
10047346 |
STATE BANK OF PATIALA |
10/04/2007 |
10/10/2008 |
15/03/2017 |
30000000.0 |
30 REGAL BUILDING, PARLIAMENT STREET NEW DELHI 110001 INDIA |
|
3 |
C77150928 |
10193350 |
RELIANCE CAPITAL LIMITED |
29/12/2009 |
- |
15/01/2016 |
17500000.0 |
"H" BLOCK 1ST FLOOR Dhirubhai Ambani Knowledge City, Koparkhairne Navi Mumbai MAHARASHTRA 400710 INDIA |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Contingent Liability |
87.352 |
71.872 |
FIXED ASSETS
- Furniture and
Fixtures
- Vehicles
- Office
Equipments
- Computers
- Factory Land
- Plant and
Machinery
- 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 64.82 |
|
|
1 |
INR 90.40 |
|
Euro |
1 |
INR 79.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
SUD |
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.