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|
|
MIRA INFORM REPORT
|
Report No. : |
482658 |
|
Report Date : |
01.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
3I INFOTECH BPO LIMITED (w.e.f.
03.09.2009) |
|
|
|
|
Formerly Known
As : |
LINEAR
FINANCIAL AND MANAGEMENT SYSTEMS LIMITED (w.e.f. 05.06.2009) LINEAR
FINANCIAL AND MANAGEMENT SYSTEMS PRIVATE LIMITED |
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|
|
|
Registered
Office : |
E-1, Lower Ground Floor, Jhandewalan Extension, New Delhi - 110055 |
|
Tel. No.: |
91-11-30573600 |
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|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2016 |
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|
|
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Date of
Incorporation : |
12.03.1990 |
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|
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|
Com. Reg. No.: |
55-039478 |
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|
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Capital
Investment / Paid-up Capital : |
INR 1.000 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U74899DL1990PLC039478 |
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IEC No.: |
Not Available |
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|
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
AAACL0415D |
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|
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GSTIN : |
Not Divulged |
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|
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Legal Form : |
A Closely Held Public Limited Liability Company. |
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|
Line of Business
: |
Providing Business process outsourcing (BPO) and Knowledge
process outsourcing and IT Services (Registered activity) |
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|
|
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No. of Employees
: |
30 (As per site visit) |
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 |
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Status : |
Good |
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|
|
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Payment Behaviour : |
Regular |
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|
|
Litigation : |
Clear |
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Comments : |
Subject is subsidiary of “3i Infotech Limited”, India. The company was incorporated in the year 1990. For the financial year 2017, the company has reported decline in its revenue as compared to previous year but has managed to maintain average profit margin of 1.93%. The sound financial profile of the company is marked by healthy networth base along with strong debt coverage indicators due to low debt balance sheet profile. The rating takes into consideration the subject’s long track record of business operations along with extensive experience of its promoters. The company has decent earning per share (EPS) of INR 115.63 against the face value (FV) of INR 10. Rating also takes into account the strong financial and managerial support that the company receives from its holding entity backed by its well experienced management team. Business is active. Payments are reported to be regular. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. Note: Site Visit was conducted at the given address and our executive has successfully traced the subject on the given address. At the premises our executive met Mr. Montu (Staff Member) but he denied to provide any information. During the site visit our executive also enquired with neighbour companies (Affe Technology and Lepide) they confirmed that subject is situated on the given address. As per our executive’s observation, it is a 3 storey building and the entire premises belongs to the subject. Location was easy to find and locality appears to be Industrial. Area seems to be neutral. Total area of premises is 10,000 (sq.ft) and 30 employees were sighted at the premises. Name board of the subject was sighted on the given
address. |
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 (30.06.2017) |
Current Rating (30.09.2017) |
|
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 01.01.2018
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. 91-22-71238000 / 67928000)
LOCATIONS
|
Registered Office : |
No. E-1, Lower Ground Floor, Jhandewalan Extension, New Delhi - 110055 |
|
Tel. No.: |
91-11-43504284 |
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Fax No.: |
Not Available |
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E-Mail : |
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|
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Corporate office : |
Tower # 5, 3rd to 6th Floors International Infotech Park, Vashi, Navi Mumbai – 400703, Maharashtra, India |
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Tel. No.: |
91-22-67928000 |
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|
|
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Branch Office : |
B-56, Near Hyundai Wok Shop, Sector 57, Goutam Budh Nagar, Noida -
201301, Uttar Pradesh, India |
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Area : |
1000 Sq. Ft. |
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Locality : |
Industrial |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Padmanabhan Nemmara Ranganathan Iyer |
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Designation : |
Director |
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Address : |
77C Sundram, Sindhi Immigrants CHS, Next to Swami Vivekananda Primary School, Chembur, Mumbai – 400071, India |
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Date of Birth/Age : |
28.10.1963 |
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Qualification : |
B.com, Master's degree in Financial Management and Advance Masters Program in Management of Global Enterprises |
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Date of Appointment : |
16.07.2012 |
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PAN No.: |
AAAPI2651R |
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DIN No.: |
05282942 |
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Other Directorship:
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Name : |
Mr. Ajay Bhanwar Kumar |
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Designation : |
Director |
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Address : |
B-404, Samarpan Exotica, Off Dattapada Road, Behind Metro Mall, Borivali (East), Mumbai – 400066, Maharashtra, India |
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Date of Birth/Age : |
03.04.1977 |
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Qualification : |
Post-Graduation in HR and Master's in Labour Law |
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Date of Appointment : |
24.11.2016 |
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Aadhaar Card No.: |
7936 3384 9618 |
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PAN No.: |
BOOPK5078P |
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DIN No.: |
07652605 |
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Name : |
Mr. Sagar Bhalchandra Thakurdesai |
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Designation : |
Director |
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Address : |
5/88, Parleshwar Society, Shahajee Raje Marg, Vile Parle (East), Mumbai - 400057, Maharashtra, India |
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Date of Appointment : |
24.11.2016 |
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DIN No.: |
07657954 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2015
|
Names of Shareholders |
|
No. of Shares |
|
3I Infotech Limited |
|
99994 |
|
3I Infotech Limited and Charanjit Altra |
|
1 |
|
3I Infotech Limited and Padmanabhan Iyer |
|
1 |
|
3I Infotech Limited and Ashish Kakkar |
|
1 |
|
3I Infotech Limited and Mrinal Gosh
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|
1 |
|
3I Infotech Limited and Ninad Kelkar |
|
1 |
|
3I Infotech Limited and Kavitha Iyer |
|
1 |
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|
|
|
|
Total |
|
100000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoter – Other
Holding Company |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Business process outsourcing (BPO) and Knowledge
process outsourcing and IT Services (Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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||||
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
30 (As per site visit) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Lodha and Company Chartered Accountants |
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Address : |
6, Karim Chambers,40A, Doshi Marg, (Hamam Street), Fort, Mumbai – 400023, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AABFL1894Q |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associate : |
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Holding : |
L67120MH1993PLC074411 |
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|
Fellow Subsidiary
company : |
U72900MH2007PLC176323
|
CAPITAL STRUCTURE
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
INR 10/- each |
INR 1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
INR 10/- each |
INR 1.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1.000 |
1.000 |
1.000 |
|
(b) Reserves and Surplus |
391.777 |
381.213 |
357.589 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
392.777 |
382.213 |
358.589 |
|
|
|
|
|
|
(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 |
27.556 |
137.166 |
154.158 |
|
(b) Trade
payables |
146.536 |
72.917 |
91.835 |
|
(c) Other
current liabilities |
26.607 |
96.530 |
98.386 |
|
(d) Short-term
provisions |
8.844 |
7.865 |
10.073 |
|
Total Current
Liabilities (4) |
209.543 |
314.478 |
354.452 |
|
|
|
|
|
|
TOTAL |
602.320 |
696.691 |
713.041 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
6.302 |
10.035 |
15.845 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
10.639 |
5.230 |
3.106 |
|
(d)
Long-term loans and advances |
300.644 |
499.116 |
448.271 |
|
(e) Other
Non-current assets |
89.360 |
57.314 |
27.221 |
|
Total Non-Current
Assets |
406.945 |
571.695 |
494.443 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
70.040 |
34.939 |
36.215 |
|
(d) Cash and
bank balances |
11.291 |
2.081 |
8.141 |
|
(e)
Short-term loans and advances |
64.914 |
31.853 |
110.769 |
|
(f) Other current
assets |
49.130 |
56.123 |
63.473 |
|
Total
Current Assets |
195.375 |
124.996 |
218.598 |
|
|
|
|
|
|
TOTAL |
602.320 |
696.691 |
713.041 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
545.254 |
560.117 |
639.247 |
|
|
Other Income |
40.040 |
45.573 |
29.739 |
|
|
TOTAL |
585.294 |
605.690 |
668.986 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
469.888 |
461.443 |
0.000 |
|
|
Employee benefit expense |
0.000 |
0.000 |
538.381 |
|
|
Other expenses |
47.862 |
48.204 |
74.029 |
|
|
Exceptional items before tax |
27.916 |
0.000 |
0.000 |
|
|
TOTAL |
545.666 |
509.647 |
612.410 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
39.628 |
96.043 |
56.576 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
30.264 |
42.799 |
24.098 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
9.364 |
53.244 |
32.478 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
6.540 |
5.901 |
16.883 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
2.824 |
47.343 |
15.595 |
|
|
|
|
|
|
|
Less |
TAX |
(7.740) |
18.928 |
4.832 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
10.564 |
28.415 |
10.763 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
105.640 |
284.150 |
107.630 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
2.824 |
47.343 |
(150.291) |
|
Net cash flows from (used in) operating activities |
2.824 |
47.343 |
(180.557) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
46.89 |
22.77 |
20.68 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
7.78 |
16.03 |
17.65 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
113.83 |
57.68 |
0.00 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
6.29 |
9.57 |
3.57 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.35 |
0.45 |
0.50 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
0.07 |
0.36 |
0.43 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ NetWorth) |
|
0.53 |
0.82 |
0.99 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.02 |
0.03 |
0.04 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
1.31 |
2.24 |
2.35 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
1.94 |
5.07 |
1.68 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
1.75 |
4.08 |
1.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
2.69 |
7.43 |
3.00 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
0.93 |
0.40 |
0.62 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.93 |
0.40 |
0.62 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.65 |
0.55 |
0.50 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
27.56 |
137.17 |
154.16 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
0.93 |
0.40 |
0.62 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
1.000 |
1.000 |
1.000 |
|
Reserves & Surplus |
357.589 |
381.213 |
391.777 |
|
Net
worth |
358.589 |
382.213 |
392.777 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
154.158 |
137.166 |
27.556 |
|
Total
borrowings |
154.158 |
137.166 |
27.556 |
|
Debt/Equity
ratio |
0.430 |
0.359 |
0.070 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
639.247 |
560.117 |
545.254 |
|
|
|
(12.379) |
(2.654) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
639.247 |
560.117 |
545.254 |
|
Profit/ (Loss) |
10.763 |
28.415 |
10.564 |
|
|
|
5.07
% |
1.94
% |
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 |
Yes |
|
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 |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Other loans and advances |
16.500 |
111.500 |
|
|
|
|
|
Total |
16.500 |
111.500 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C18654210 |
10517212 |
IDBI TRUSTEESHIP SERVICES LIMITED |
08/05/2014 |
- |
- |
2150000000.0 |
Asian Building, Ground Floor,17, R. Kamani Marg, Ballard Estate,MumbaiMH400001IN |
|
2 |
C18919712 |
10369025 |
IDBI TRUSTEESHIP SERVICES LIMITED |
25/07/2012 |
26/06/2014 |
- |
13944200000.0 |
Asian Bldg., Ground Floor, 17, R.Kamani Marg,Ballard Estate,MUMBAIMH400001IN |
|
3 |
C55293609 |
10169332 |
DCB BANK LIMITED |
01/07/2009 |
15/01/2015 |
- |
30000000.0 |
601 & 602, Peninsula Business Park, 6th floor,Tower A, Senapati Bapat Marg, Lower Parel,MumbaiMH400013IN |
|
4 |
A94872439 |
10169333 |
DEVELOPMENT CREDIT BANK LIMITED |
01/07/2009 |
15/09/2010 |
- |
7000000.0 |
301, DELTA PLAZA414, VEER SAVARKAR MARG, PRABHADEVI,MUMBAIMH400025IN |
|
5 |
A61524328 |
10043065 |
Bank of Baroda |
17/10/2006 |
- |
20/04/2009 |
1200000.0 |
NarainaNew DelhiDL110028IN |
|
6 |
A61695656 |
90055904 |
BANK OF BARODA |
29/11/2001 |
15/02/2002 |
15/04/2009 |
600000.0 |
PARLIAMENT STREETNEW DELHIDL110001IN |
|
7 |
A61521860 |
10000239 |
BANK OF BARODA |
27/02/2006 |
- |
13/04/2009 |
1000000.0 |
Naraina Industrial areaDelhiDL110028IN |
FIXED ASSETS
- Furniture and fixtures
- Office equipment
- Computer equipments
OBSERVATION FORM
|
COMPANY NAME: 3I INFOTECH BPO LIMITED ADDRESS: B-56, NEAR HYUNDAI WOK SHOP, SECTOR 57, GOUTAM BUDH NAGAR, NOIDA - 201301, UTTAR PRADESH, INDIA PERSON TO WHOM WE MET: MR. MONTU (STAFF MEMBER) NAME BOARD: SIGHTED LOCATION: EASY LANDMARK (IF ANY): TODAY INDIA GROUP TOTAL FLOORS OF THE BUILDING: 3 SUBJECT SITUATED ON : WHOLE PREMISES LOCALITY: INDUSTRIAL AREA OF PREMISES: 10000 SQ. FT. AREA: NEUTRAL NO. OF EMPLOYEES SEEN AT PREMISES: 30 VISIBILITY OF
ITEMS: TELEPHONE TELEX COMPUTERS AIR CONDITIONER FURNITURE ITEMS
SIGHTED: TABLE AND CHAIR NEIGHBOUR’S
INTERVIEW NAME OF COMPANY: AFFE TECHNOLOGY CONTACT PERSON NAME : MR. ANISUDH KUMAR NEIGHBOUR’S OVERVIEW : HE CONFIRMED THAT SUBJECT IS SITUATED ON THE GIVEN ADDRESS. NAME OF COMPANY: LEPIDE CONTACT PERSON NAME : MR. ANIL SINGH (SECURITY GUARD) NEIGHBOUR’S OVERVIEW : HE CONFIRMED THAT SUBJECT IS SITUATED ON THE GIVEN ADDRESS. PROOF OF VISIT: PHOTOGRAPH |
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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 64.16 |
|
|
1 |
INR 85.84 |
|
Euro |
1 |
INR 76.23 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
KJL |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.