|
|
|
MIRA INFORM REPORT
|
Report No. : |
482758 |
|
Report Date : |
02.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
UNIPACK PACKAGING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-8/8289, Vasant Kunj, New Delhi – 110070 |
|
Mobile No.: |
91-9871591795 [Mr. Sanjay] |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
08.05.2001 |
|
|
|
|
Com. Reg. No.: |
55-110736 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 22.350 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74950DL2001PTC110736 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GSTIN/UIN : |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACU5672M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
The Company is engaged in manufacturing of component of electric goods and automobiles. [Registered Activity] Manufacturer of plastic molding components and insulation taps. [Confirmed by management] |
|
|
|
|
No. of Employees
: |
150 (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 : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject was incorporated in the year 2001 having satisfactory track
record. It is engaged as manufacturer of plastic molding components and
insulation taps. As per financial of 2017, the company has achieved decent growth in
its revenue as compared to its previous year along with fair profit margin
during the year. Rating takes into consideration, the healthy financial risk profile
marked by adequate networth base and strong debt protection metrics. Rating also derive strength from company’s established track record of
business operations and promoter extensive industry experience. However, rating strength partially offset by vulnerability of its
operating margins to volatility in raw material prices and working capital
intensive operations. Trade relations are reported as fair. Payment terms are reported to be
usually correct. In view of 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 (30.06.2017) |
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
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 02.01.2018
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 PARTED BY
|
Name : |
Mr. Sanjay |
|
Designation : |
Operational Manager |
|
Contact No.: |
91-9871591795 |
|
Date : |
27.12.2017 |
LOCATIONS
|
Registered Office : |
C-8/8289, Vasant Kunj, New Delhi – 110070, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9871591795 [Mr. Sanjay] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory : |
Plot No.9, Mahila Udyami Park - II, Toy City Road, Greater Noida, (GB Nagar),
Noida, Uttar Pradesh, India |
|
Tel. No.: |
91-120-2350896/ 97/ 98 |
|
Fax No.: |
91-120-2350899 |
|
Location : |
Owned |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mrs. Rashmi Kedia |
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|
Designation : |
Director |
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|
Address : |
C-8/8289, Vasant Kunj, New Delhi – 110070, India |
||||||||||||||||||||||||
|
Date of Appointment : |
08.05.2001 |
||||||||||||||||||||||||
|
DIN No.: |
00105816 |
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Other Directorship:
|
|||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Name : |
Mr. Alok Kedia |
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|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
Sector - C, Pocket -8, Flat No. 8289, Vasant Kunj, New Delhi – 110070,
India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
27.01.1969 |
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|
Date of Appointment : |
01.02.2014 |
||||||||||||||||||||||||
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DIN No.: |
00565146 |
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Other Directorship:
|
|||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Sanjay |
|
Designation : |
Operational Manager |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Rashmi Kedia |
|
702500 |
|
Alok Kedia |
|
775000 |
|
Techno Builders Private Limited, India |
|
30000 |
|
Lemcom Merchants Private Limited, India |
|
647500 |
|
Fern Projects Private Limited, India |
|
40000 |
|
UPPL Foams Private Limited, India |
|
40000 |
|
|
|
|
|
Total |
|
2235000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
66.11 |
|
Public/Other than promoters [Body corporate] |
33.89 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in manufacturing of component of electric goods and automobiles. [Registered Activity] Manufacturer of plastic molding components and insulation taps. [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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Exports : |
Not Divulged |
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Imports : |
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Products : |
·
Raw Materials |
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Countries : |
·
United Kingdom |
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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 : |
100 (Approximately) |
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Bankers : |
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|||||||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Wahi and Gupta Chartered Accountants |
|
Address : |
213, Vivekanand Puri, Near Sarai Rohilla Police Station, Delhi –
110007, India |
|
PAN No.: |
AAAFW1086A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates : |
·
UPPL Foam Private Limited ·
Unipack Multiproduct Private Limited |
CAPITAL STRUCTURE
AS ON 30.09.2017
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 |
|
|
|
|
|
|
2235000 |
Equity Shares |
INR 10/- each |
INR 22.350 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 |
22.350 |
22.350 |
22.350 |
|
(b) Reserves & Surplus |
65.049 |
45.123 |
34.095 |
|
(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) |
87.399 |
67.473 |
56.445 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
27.068 |
24.713 |
46.673 |
|
(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) |
27.068 |
24.713 |
46.673 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
21.363 |
27.345 |
32.038 |
|
(b) Trade
payables |
145.088 |
99.313 |
77.524 |
|
(c) Other
current liabilities |
50.992 |
30.132 |
22.111 |
|
(d) Short-term
provisions |
9.995 |
6.728 |
2.147 |
|
Total Current
Liabilities (4) |
227.438 |
163.518 |
133.820 |
|
|
|
|
|
|
TOTAL |
341.905 |
255.704 |
236.938 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
99.967 |
57.277 |
54.825 |
|
(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 |
0.125 |
19.518 |
13.040 |
|
(c) Deferred tax assets (net) |
0.010 |
0.225 |
0.573 |
|
(d)
Long-term Loan and Advances |
7.062 |
7.713 |
6.719 |
|
(e) Other
Non-current assets |
1.802 |
6.207 |
5.748 |
|
Total Non-Current Assets |
108.966 |
90.940 |
80.905 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
22.731 |
13.000 |
20.054 |
|
(c) Trade
receivables |
175.715 |
129.746 |
129.029 |
|
(d) Cash and
cash equivalents |
12.378 |
10.620 |
-1.202 |
|
(e)
Short-term loans and advances |
21.736 |
10.828 |
7.642 |
|
(f) Other
current assets |
0.379 |
0.570 |
0.510 |
|
Total
Current Assets |
232.939 |
164.764 |
156.033 |
|
|
|
|
|
|
TOTAL |
341.905 |
255.704 |
236.938 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
681.819 |
495.204 |
433.783 |
|
|
|
Other Income |
0.855 |
0.743 |
1.082 |
|
|
|
TOTAL |
682.674 |
495.947 |
434.865 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
479.015 |
348.347 |
323.882 |
|
|
|
Manufacturing and Operational Expenses |
58.850 |
44.644 |
34.845 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(0.897) |
2.227 |
11.258 |
|
|
|
Employee Benefits Expenses |
71.041 |
38.879 |
19.871 |
|
|
|
Other Expenses |
30.140 |
29.738 |
23.616 |
|
|
|
TOTAL |
638.149 |
463.835 |
413.472 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
44.525 |
32.112 |
21.393 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2.304 |
3.284 |
5.063 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
42.221 |
28.828 |
16.330 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
12.087 |
10.789 |
10.384 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
30.134 |
18.039 |
5.946 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
10.209 |
7.010 |
2.172 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
19.925 |
11.029 |
3.774 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (INR) |
|
|
|
|
|
|
Basic |
8.92 |
4.93 |
1.69 |
|
|
|
Diluted
|
7.38 |
4.08 |
1.40 |
|
Expected Sales (2017-2018): INR 750.000 Million (Due to business growth)
The above information has been parted by Mr. Sanjay (Operational
Manager)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
|
|
|
|
From Bank |
0.000 |
0.126 |
2.283 |
|
From Others |
0.422 |
0.000 |
0.182 |
|
Total |
0.422 |
0.126 |
2.465 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
94.07 |
95.63 |
108.57 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.88 |
3.82 |
3.36 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
110.55 |
104.06 |
87.37 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.96 |
2.47 |
1.07 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.45 |
0.56 |
0.39 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.75 |
0.74 |
0.77 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.56 |
0.77 |
1.44 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.60 |
2.42 |
2.37 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.14 |
0.85 |
0.97 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
19.33 |
9.78 |
4.23 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
2.92 |
2.23 |
0.87 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
5.83 |
4.31 |
1.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
22.80 |
16.35 |
6.69 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.02 |
1.01 |
1.17 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.92 |
0.93 |
1.02 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.26 |
0.26 |
0.24 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
2.19 |
2.33 |
3.63 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.02 |
1.01 |
1.17 |
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 |
22.350 |
22.350 |
22.350 |
|
Reserves & Surplus |
34.095 |
45.123 |
65.049 |
|
Net
worth |
56.445 |
67.473 |
87.399 |
|
|
|
|
|
|
Long Term borrowings |
46.673 |
24.713 |
27.068 |
|
Short Term borrowings |
32.038 |
27.345 |
21.363 |
|
Current maturities of long term debt |
2.465 |
0.126 |
0.422 |
|
Total
borrowings |
81.176 |
52.184 |
48.853 |
|
Debt/Equity
ratio |
1.438 |
0.773 |
0.559 |
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
|
433.783 |
495.204 |
681.819 |
|
|
|
14.159 |
37.684 |
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
|
433.783 |
495.204 |
681.819 |
|
Profit/(Loss) |
3.774 |
11.029 |
19.925 |
|
|
0.87% |
2.23% |
2.92% |
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) |
Yes |
|
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% |
Yes |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
REVIEW OF BUSINESS OPERATIONS AND FUTURE
PROSPECTS
The
company had a turnover and other income of INR 682.674 million as compared to
previous year of INR 495.947 million. The Company has earned a profit of INR
19.925 million against INR 11.029 million of the previous year and the company
has earned a cash profit of INR 42.221 million.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
From Directors |
1.271 |
1.545 |
|
From Others |
24.137 |
23.168 |
|
|
|
|
|
Total |
25.408 |
24.713 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
A96524897 |
10245655 |
ORIX AUTO INFRASTRUCTURE SERVICES LIMITED |
20/09/2010 |
- |
- |
327000.0 |
PLOT NO. 94, MAROL CO. OP. INDUSTRIAL ESTATE, ANDHERI KURLA ROAD, ANDHERI (EAST) MUMBAI. 59. MH400059IN |
|
2 |
A79822326 |
10206091 |
ORIX AUTO INFRASTRUCTURE SERVICES LIMITED |
21/01/2010 |
- |
- |
620000.0 |
PLOT NO. 94, MAROL CO. OP. INDUSTRIAL ESTATE, ANDHERI KURLA ROAD, ANDHERI (EAST) MUMBAI. 59. MH400059IN |
|
3 |
B73871956 |
10168067 |
HDFC BANK LIMITED |
03/07/2009 |
29/11/2011 |
- |
49500000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL W MUMBAI MH400013IN |
|
4 |
B73871204 |
80054897 |
HDFC BANK LIMITED |
31/12/2005 |
29/11/2011 |
- |
49500000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL W MUMBAI MH400013IN |
|
5 |
Y10138254 |
90058159 |
ANDHRA BANK |
26/06/2003 |
26/06/2003 |
- |
5000000.0 |
R.K. PURAM SECTOR – 6 NEW DELHIDLIN |
|
6 |
A00323154 |
90058430 |
INDIAN OVERSEAS BANK |
25/02/2004 |
- |
28/03/2006 |
0.0 |
F-47; MALHOTRA BUILDING JANPATH NEW DELHI DL110001IN |
FIXED ASSETS:
·
Factory Land
·
Factory Building
·
Plant and Machinery
·
Generator
·
Electrical Installation
·
Furniture and Fixture
·
Office Equipments
·
Lab Equipments
·
Computer
·
Delivery Van
·
Scooter
·
Car
·
UPS
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l Anti-Money
Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 63.67 |
|
|
1 |
INR 85.90 |
|
Euro |
1 |
INR 76.41 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
NKT |
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.