|
|
|
MIRA INFORM REPORT
|
Report No. : |
494483 |
|
Report Date : |
27.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
MARVELOUS ENGINEERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
E - 12, MIDC, Gokul Shirgaon, Kolhapur – 416234,
Maharashtra |
|
Tel. No.: |
91-231-2671340 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
29.03.1990 |
|
|
|
|
Com. Reg. No.: |
11-056004 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 8.391 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299MH1990PTC056004 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM7846C |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Sale of Cast Iron and S.G. Iron Casting Machined
Components. (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 : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1990 having
moderate track record. For the financial year ended 2017, revenue of the company has decline
and has reported profit margin at 0.90%. The rating is also constrained on account of excess of borrowings
recorded, low profit margin and weak liquidity position of the company. However, the rating weakness is partially offset by company’s long
standing track record of business operation. Trade relations are reported as fair. Business is active. Payments
terms are reported to be slow but correct. The company can be considered for business dealings with some caution. |
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 |
CARE RATING |
|
Rating |
Long Term Rating = B |
|
Rating Explanation |
High risk of default |
|
Date |
18.01.2018 |
|
Rating Agency Name |
CARE RATING |
|
Rating |
Short Term Rating = A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
18.01.2018 |
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 27.02.2017.
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.: 91-231-2671340]
Tel. No.: 91-231-2657744 is wrong number.
LOCATIONS
|
Registered Office / Unit
No. I: |
E - 12, MIDC, Gokul Shirgaon, Kolhapur – 416234,
Maharashtra, India |
|
Tel. No.: |
91-231-2671340 / 3292407 |
|
Fax No.: |
91-231-2671340 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Unit II : |
G-36, M.I.D.C. Gokul Shirgoan, Kolhapur – 416234, Maharashtra, India |
|
Tel. No.: |
91-231-2672441 |
|
Fax No.: |
91-231-2671340 |
|
E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mrs. Yashodha A Joshi |
|
Designation : |
Director |
|
Address : |
53, Shivaji HSG, |
|
Date of Birth/Age : |
20.05.1947 |
|
Date of Appointment : |
29.03.1990 |
|
DIN No.: |
00089776 |
|
|
|
|
Name : |
Mr. Sangram V Patil |
|
Designation : |
Managing Director |
|
Address : |
Shree Shailya Bungalow No. 2, New |
|
Date of Birth/Age : |
13.09.1965 |
|
Qualification : |
BE |
|
Date of Appointment : |
29.03.1990 |
|
DIN No.: |
00444278 |
|
|
|
|
Name : |
Utkarsha Sangram Patil |
|
Designation : |
Director |
|
Address : |
Bunglow No. 2, Shree Shailya Deepti Palace Society, Parisar.
Shahupuri, Kolhapur - 416003, Maharashtra, India |
|
Date of Birth/Age : |
29.07.1967 |
|
Date of Appointment : |
22.08.2012 |
|
DIN No.: |
03560416 |
|
|
|
|
Name : |
Mr. Gaurav Sangram Patil |
|
Designation : |
Director |
|
Address : |
Bunglow No. 2, Shree Shailya Deepti Palace Society, Parisar.
Shahupuri, Kolhapur - 416003, Maharashtra, India |
|
Date of Birth/Age : |
18.02.1989 |
|
Date of Appointment : |
22.08.2012 |
|
DIN No.: |
05207101 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Avadhoot Shankarro Joshi |
|
720 |
|
Mansing Shripatrao Pawar |
|
219 |
|
Shivajirao Shripataro Pawar |
|
462 |
|
Surendra Prabhakar Samudre |
|
40 |
|
Suraj Prabhakar Samudre |
|
50 |
|
Prataprao Shripatrao Pawar |
|
462 |
|
Sunil Vishni Patil |
|
605 |
|
Yashda Avadhoot Joshi |
|
317 |
|
Shagun Sunil Patil |
|
55 |
|
Mansingrao Jadhav |
|
944 |
|
Shivajirao Anand Bhat |
|
30 |
|
Sangram V Patil |
|
55585 |
|
Utkarsha S patil |
|
6361 |
|
Nalini M Jadhav |
|
56 |
|
M. R. Halegekar |
|
2500 |
|
Sudhir Shankarrao Bakre |
|
6050 |
|
Sneha Sudhir Bakre |
|
2200 |
|
Shivani M. Halgekar |
|
500 |
|
Vilas D Patil |
|
2000 |
|
Gaurav Sangram Patil |
|
4750 |
|
|
|
|
|
Total |
|
83906 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Sale of Cast Iron and S.G. Iron Casting Machined
Components. (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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Imports : |
Not Divulged |
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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 : |
Kaushik A. Joshi and Company Chartered Accountants |
|
Address : |
115/B, Parag Commercial Arcade, E Ward, Shahupuri, Kolhapur – 416001,
Maharashtra, India |
|
Tel. No.: |
91-231-2659669 |
|
Mob. No.: |
91-9021030050 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AIWPJ2002P |
|
|
|
|
Memberships : |
Not Available |
|
|
|
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Collaborators : |
Not Available |
|
|
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|
Sister Concern : |
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
INR 100/- each |
INR 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
83906 |
Equity Shares |
INR 100/- each |
INR 8.391
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 |
8.391 |
8.391 |
5.891 |
|
(b) Reserves &
Surplus |
10.968 |
7.863 |
5.996 |
|
(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) |
19.359 |
16.254 |
11.887 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
10.016 |
9.480 |
11.138 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
1.264 |
1.749 |
3.177 |
|
(d) long-term provisions |
6.422 |
5.327 |
5.717 |
|
Total Non-current
Liabilities (3) |
17.702 |
16.556 |
20.032 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
49.514 |
49.526 |
54.543 |
|
(b) Trade payables |
79.267 |
89.547 |
83.053 |
|
(c) Other current
liabilities |
14.815 |
9.411 |
7.345 |
|
(d) Short-term provisions |
9.153 |
7.131 |
6.820 |
|
Total Current Liabilities
(4) |
152.749 |
155.615 |
151.761 |
|
|
|
|
|
|
TOTAL |
189.810 |
188.425 |
183.680 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
22.894 |
24.782 |
26.261 |
|
(ii) Intangible Assets |
0.313 |
0.431 |
0.719 |
|
(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 |
6.278 |
6.278 |
3.778 |
|
(c) Deferred tax assets
(net) |
7.865 |
7.300 |
5.916 |
|
(d) Long-term Loan and Advances |
1.054 |
1.054 |
3.567 |
|
(e) Other Non-current
assets |
4.048 |
3.911 |
3.840 |
|
Total Non-Current Assets |
42.452 |
43.756 |
44.081 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
33.715 |
41.840 |
37.608 |
|
(c) Trade receivables |
92.164 |
86.519 |
86.413 |
|
(d) Cash and cash
equivalents |
1.625 |
1.450 |
1.133 |
|
(e) Short-term loans and
advances |
1.455 |
0.194 |
0.154 |
|
(f) Other current assets |
18.399 |
14.666 |
14.291 |
|
Total Current Assets |
147.358 |
144.669 |
139.599 |
|
|
|
|
|
|
TOTAL |
189.810 |
188.425 |
183.680 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
345.849 |
358.948 |
315.573 |
|
|
Other Income |
0.302 |
0.492 |
0.743 |
|
|
TOTAL |
346.151 |
359.440 |
316.316 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
199.067 |
227.386 |
212.814 |
|
|
Cost of Consumable
Material |
16.710 |
15.190 |
13.624 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
8.916 |
(4.864) |
(10.651) |
|
|
Employees benefits
expense |
33.947 |
29.530 |
28.327 |
|
|
Other Manufacturing
expenses |
48.334 |
52.750 |
40.073 |
|
|
Selling Cost |
8.853 |
7.816 |
8.284 |
|
|
Administrative Cost |
5.979 |
7.136 |
5.491 |
|
|
|
|
|
|
|
|
TOTAL |
321.806 |
334.944 |
297.962 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
24.345 |
24.496 |
18.354 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
10.920 |
11.912 |
11.853 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
13.425 |
12.584 |
6.501 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/ AMORTISATION
|
8.250 |
9.756 |
10.023 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
5.175 |
2.828 |
(3.522) |
|
|
|
|
|
|
|
Less |
TAX |
2.071 |
0.962 |
(1.039) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
3.104 |
1.866 |
(2.483) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
37.00 |
22.24 |
(42.00) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.294 |
0.420 |
6.159 |
|
Cash generated from operations |
18.583 |
27.364 |
11.881 |
|
Net cash flow from operating activity |
5.593 |
14.490 |
1.067 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
97.27 |
87.98 |
99.95 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.75 |
4.15 |
3.65 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
145.34 |
143.74 |
142.45 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.72 |
0.59 |
0.49 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.05 |
0.97 |
0.68 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.86 |
0.88 |
0.89 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
3.08 |
3.63 |
5.53 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
7.89 |
9.57 |
12.77 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.20 |
1.55 |
2.27 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.23 |
2.06 |
1.55 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
((PAT / Sales) * 100) |
% |
0.90 |
0.52 |
(0.79) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.64 |
0.99 |
(1.35) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
16.03 |
11.48 |
(20.89) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.96 |
0.93 |
0.92 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.74 |
0.66 |
0.67 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.10 |
0.09 |
0.06 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
7.09 |
7.03 |
11.15 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.96 |
0.93 |
0.92 |
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 |
5.891 |
8.391 |
8.391 |
|
Reserves & Surplus |
5.996 |
7.863 |
10.968 |
|
Net worth |
11.887 |
16.254 |
19.359 |
|
|
|
|
|
|
long-term borrowings |
11.138 |
9.480 |
10.016 |
|
Short term borrowings |
54.543 |
49.526 |
49.514 |
|
Current Maturities of
Long term debt |
6.159 |
0.420 |
0.294 |
|
Total borrowings |
71.840 |
59.426 |
59.824 |
|
Debt/Equity ratio |
6.044 |
3.656 |
3.090 |
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 |
315.573 |
358.948 |
345.849 |
|
|
|
13.745 |
(3.649) |
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 |
315.573 |
358.948 |
345.849 |
|
Profit/(Loss) |
(2.483) |
1.866 |
3.104 |
|
|
(0.79%) |
0.52% |
0.90% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
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 |
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 |
NOTE: Registered office of the company has been
shifted from Shri Shailyabunglo Dipti Place Complex Mahaveer College New Palce
Road, Kolhapur – 416003, Maharashtra, India to
the present address w.e.f. 01.04.2011.
BACKGROUND
The company was incorporated in March 29, 1990. The subject is engaged
in the business of Manufacturing and Sale of Cast Iron and S.G. Iron Casting
Machined Components.
OPERATION
Subject has reported total income INR 346.151 Million for the current
year as compared to INR 359.440 Million in the previous year. The net profit
for the year amounted to INR 1.866 Million in the current year as compared to
INR 2.483 Million in the previous year.
INDEX
OF CHARGES:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C36935914 |
10536565 |
06/09/2014 |
- |
- |
1931000.0 |
RAJSHRI SHAHU SADANSTATION ROAD KOLHAPUR MH 416001IN |
|
|
2 |
B86269685 |
10452150 |
28/09/2013 |
- |
- |
7294633.0 |
701,MANJUSHA57 NEHRU PLACE NEW DELHI DL 110019 IN |
|
|
3 |
B76815315 |
10261884 |
27/12/2010 |
01/06/2013 |
- |
7500000.0 |
SHIVAJI UNIVERSITY BRANCH KOLHAPUR KOLHAPUR MH 416008IN |
|
|
4 |
B03759321 |
10261880 |
27/12/2010 |
- |
- |
1100000.0 |
Pratibhanagar Branch Kolhapur MH 416008 IN |
|
|
5 |
B76837558 |
10098372 |
31/03/2008 |
01/06/2013 |
- |
20000000.0 |
SHIVAJI UNIVERSITY BRANCH KOLHAPUR KOLHAPUR MH 416008 IN |
|
|
6 |
B56486608 |
10098368 |
31/03/2008 |
30/07/2012 |
- |
22500000.0 |
3, Tornanagar,Pratibhanagar,Kolhapur MH 416008 IN |
|
|
7 |
Y10169204 |
90084183 |
21/10/1994 |
- |
- |
1740000.0 |
NEW EXCELSIOR BUILDING5TH;7TH;8TH & 9TH FLOORS; AMRUT KESHAV NAYAK MARG BOMBAY MH400001IN |
|
|
8 |
Y10178588 |
90093567 |
24/10/1990 |
22/04/1991 |
- |
1440000.0 |
NEW EXCELSIOR BUILDING5TH;7TH;8TH & 9TH FLOORS; AMRUT; KESHAV NAYAK MARG BOMBAY MH400001IN |
|
|
9 |
C74329806 |
10320044 |
21/10/2011 |
- |
16/12/2015 |
3250000.0 |
Gokul Shirgaon Branch KolhapurMH416234IN |
|
|
10 |
C75706580 |
10371994 |
13/07/2012 |
- |
16/12/2015 |
2300000.0 |
SHIVAJI UNIVERSITY BRANCH PRATIBHANAGAR KOLHAPUR MH 416008IN |
|
FIXED ASSETS
- Land
- Factory
Building
- Plant and
Machinery
- Vehicles
- Computer and
Hardware
- Electric
Installation
- Furniture and
Fittings
- Office
Equipment
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 64.66 |
|
|
1 |
INR 90.65 |
|
Euro |
1 |
INR 76.70 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
JYO |
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.