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|
%20PRIVATE%20LIMITED%20-%20480499%2002-Jan-2018_files/image015.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20480499%2002-Jan-2018_files/image016.jpg)
%20PRIVATE%20LIMITED%20-%20480499%2002-Jan-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
480499 |
|
Report Date : |
02.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
VENDING UPDATES (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
E-76, New Ashok Nagar, New Delhi - 110096 |
|
Tel. No.: |
91-120-6483907 / 3914920 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
11.09.1996 |
|
|
|
|
Com. Reg. No.: |
55-081866 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28252DL1996PTC081866 |
|
|
|
|
IEC No.: |
0597032866 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACV9306R |
|
|
|
|
GSTIN/UIN : |
09AAACV9306R12L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Wholesaler of Tea Premixes, Coffee Premixes
and Dairy Whitener for Vending Machines. (Confirmed by Management) |
|
|
|
|
No. of Employees
: |
75 (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 |
|
Maximum Credit Limit : |
USD 82945 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Vending Updates India Private Limited was incorporated in the year 1996. It is a manufacturer and exporter of Tea Premixes, Coffee Premixes and Dairy Whitener for Vending Machine. For the financial year 2017, the revenue of the company has increased by 4.59% along with average profit margin of 2.47%. The satisfactory financial profile of the company is marked by sufficient networth base along with comfortable debt coverage indicators. The rating takes into consideration the subject’s long track record of business operations along with extensive experience of its promoters. Business is active. Payments 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
|
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 PARTED BY
|
Name : |
Mr. Sahul Khurana |
|
Designation : |
Director |
|
Contact No.: |
91-9811078486 |
|
Date : |
01.01.2018 |
LOCATIONS
|
Registered Office : |
E-76, New Ashok Nagar, New Delhi – 110096, India |
|
Tel. No.: |
91-120-6483907 / 3914920 |
|
Mobile No.: |
91-9811078486 [Mr. Sahul Khurana] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
B-23, Sector 88, Phase II, Noida – 201305, Uttar Pradesh, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Sahul Khurana |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
325, Sector-15A, Noida-201301, Uttar Pradesh, India |
||||||||||||
|
Date of Appointment : |
01.04.2005 |
||||||||||||
|
DIN No.: |
01040417 |
||||||||||||
|
Other Directorship:
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mrs. Shobha Khurana |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
H. No. 325, Sector -15 A, Noida-201301, Uttar Pradesh, India |
||||||||||||
|
Date of Appointment : |
18.11.2005 |
||||||||||||
|
DIN No.: |
01972488 |
||||||||||||
|
Other Directorship:
|
|||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Sahul Khurana |
457900 |
91.58 |
|
Shobha Kurana |
42100 |
8.42 |
|
Total |
500000 |
100.00 |
%20PRIVATE%20LIMITED%20-%20480499%2002-Jan-2018_files/image020.gif)
Equity Share Break up (Percentage of Total Equity)
As on 31.03.2017
|
Category |
Percentage |
|
Promoters () |
|
|
Promoters (Individual/Hindu Undivided Family-Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Wholesaler of Tea Premixes, Coffee Premixes
and Dairy Whitener for Vending Machines. (Confirmed by Management) |
||||
|
|
|
||||
|
Products/ Services : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
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Exports : |
|
||||
|
Products : |
Finished Goods |
||||
|
Countries : |
·
European Countries ·
USA |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
LC, Cash and Credit [30 and 60 Days ] |
||||
|
|
|
||||
|
Purchasing : |
LC, Cash and Credit [30 and 60 Days ] |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
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No. of Employees : |
75 (Approximately) |
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Bankers : |
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|
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Sunil Vijay and Associates Chartered Accountants |
|
Address : |
R-700, New Rajinder Nagar, New Delhi – 110060, India |
|
Tel. No.: |
91-11-28743579 |
|
Fax No.: |
91-11-28743577 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAIFS6442A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Other Related Parties : |
·
A.K. System Engineers Private Limited ·
The Vending Company |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 10/- each |
INR 5.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 10/- each |
INR 5.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
5.000 |
5.000 |
5.000 |
|
(b) Reserves & Surplus |
24.031 |
16.097 |
10.002 |
|
(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) |
29.031 |
21.097 |
15.002 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3.552 |
3.552 |
3.998 |
|
(b) Deferred tax liabilities (Net) |
1.921 |
1.350 |
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) |
5.473 |
4.902 |
3.998 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
19.642 |
19.487 |
23.262 |
|
(b) Trade payables |
20.990 |
10.025 |
11.221 |
|
(c) Other current liabilities |
5.529 |
5.360 |
5.905 |
|
(d) Short-term provisions |
4.327 |
3.044 |
1.566 |
|
Total Current Liabilities (4) |
50.488 |
37.916 |
41.954 |
|
|
|
|
|
|
TOTAL |
84.992 |
63.915 |
60.954 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
7.404 |
7.811 |
8.027 |
|
(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 |
0.200 |
0.200 |
0.200 |
|
(c) Deferred tax assets (net) |
0.411 |
0.346 |
0.237 |
|
(d)
Long-term Loan and Advances |
0.297 |
0.238 |
0.104 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
8.312 |
8.595 |
8.568 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
8.107 |
5.084 |
7.591 |
|
(c) Trade receivables |
63.057 |
29.996 |
41.024 |
|
(d) Cash and cash equivalents |
0.805 |
0.265 |
1.104 |
|
(e) Short-term loans and advances |
4.617 |
19.968 |
2.664 |
|
(f) Other current assets |
0.094 |
0.007 |
0.003 |
|
Total Current Assets |
76.680 |
55.320 |
52.386 |
|
|
|
|
|
|
TOTAL |
84.992 |
63.915 |
60.954 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
320.797 |
306.698 |
290.422 |
|
|
Other Income |
0.187 |
0.152 |
0.006 |
|
|
TOTAL |
320.984 |
306.850 |
290.428 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
247.216 |
228.189 |
236.748 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(0.889) |
(0.462) |
-2.238 |
|
|
Employees benefits
expense |
23.789 |
14.828 |
14.559 |
|
|
Other expenses |
35.061 |
51.340 |
32.456 |
|
|
TOTAL |
305.177 |
293.895 |
281.525 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
15.807 |
12.955 |
8.903 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
1.956 |
2.110 |
3.038 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
13.851 |
10.845 |
5.865 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.655 |
1.823 |
2.212 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
12.196 |
9.022 |
3.653 |
|
|
|
|
|
|
|
Less |
TAX |
4.263 |
2.935 |
1.329 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
7.933 |
6.087 |
2.324 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
15.87 |
12.17 |
4.65 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
|
|
|
|
Cash generated from operations |
|
|
|
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
Average Collection Days [Sundry Debtors / Income * 365] |
71.75 |
35.70 |
51.56 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
5.09 |
10.22 |
7.08 |
|
|
|
|
|
|
Average Payment Days [Sundry Creditors / Purchases * 365] |
30.99 |
16.04 |
17.30 |
|
|
|
|
|
|
Inventory Turnover [Operating Income / Inventories] |
1.95 |
2.55 |
1.17 |
|
|
|
|
|
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
Debt Ratio [(Borrowing + Current Liabilities) / Total
Assets] |
0.64 |
0.65 |
0.75 |
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
0.80 |
1.09 |
1.82 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities /
NetWorth) |
1.74 |
1.80 |
2.80 |
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets / NetWorth) |
0.26 |
0.37 |
0.54 |
|
|
|
|
|
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
2.47 |
1.98 |
0.80 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
9.33 |
9.52 |
3.81 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
27.33 |
28.85 |
15.49 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.52 |
1.46 |
1.25 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.36 |
1.32 |
1.07 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.34 |
0.33 |
0.25 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
4.64 |
4.61 |
5.45 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.52 |
1.46 |
1.25 |
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 |
5.000 |
5.000 |
5.000 |
|
Reserves & Surplus |
10.002 |
16.097 |
24.031 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
15.002 |
21.097 |
29.031 |
|
|
|
|
|
|
long-term borrowings |
3.998 |
3.552 |
3.552 |
|
Short term borrowings |
23.262 |
19.487 |
19.642 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
27.260 |
23.039 |
23.194 |
|
Debt/Equity ratio |
1.817 |
1.092 |
0.799 |
%20PRIVATE%20LIMITED%20-%20480499%2002-Jan-2018_files/image022.gif)
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
290.422 |
306.698 |
320.797 |
|
|
|
5.604 |
4.597 |
%20PRIVATE%20LIMITED%20-%20480499%2002-Jan-2018_files/image024.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
290.422 |
306.698 |
320.797 |
|
Profit/(Loss) |
2.324 |
6.087 |
7.933 |
|
|
0.80% |
1.98% |
2.47% |
%20PRIVATE%20LIMITED%20-%20480499%2002-Jan-2018_files/image026.gif)
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
No |
|
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% |
-- |
|
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: The registered office of the
company has been shifted from Basement, C-188, C-Block, Jawahar Park, Devli Road,
Khanpur, New Delhi-110062, India to the
present address.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties from directors friends and
relatives From Sahul Khurana |
3.552 |
3.552 |
|
Total |
3.552 |
3.552 |
|
|
|
|
|
Short-term
borrowings |
0.000 |
0.000 |
|
Total |
0.000 |
0.000 |
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B12230355 |
10284542 |
HDFC BANK LIMITED |
21/04/2011 |
- |
- |
28800000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARG LOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA |
|
2 |
A10876795 |
10037384 |
CENTURION BANK OF PUNJAB LIMITED |
29/12/2006 |
- |
- |
125000.0 |
2ND FLOOR, INDIAN EXPRESS BUILDING, BAHADUR SHAH ZAFAR MARG, ITONEW DELHI 110002 INDIA |
|
3 |
B12986584 |
10102834 |
Bank of India |
09/05/2008 |
02/01/2010 |
03/05/2011 |
25507000.0 |
C.G.O. Complex Branch Electronics Niketan Building, 6 Lodhi Road New Delhi 110003 IN |
|
4 |
A38497087 |
90047777 |
BANK OF INDIA |
08/02/2000 |
- |
09/05/2008 |
400000.0 |
CGO COPMLEX BRANCH LODHI ROADNEW DELHI 110003 INDIA |
|
5 |
A38555587 |
80019936 |
Bank of India |
27/12/2005 |
16/11/2006 |
09/05/2008 |
2500000.0 |
C.G.O. Complex Lodhi Road New Delhi 110003 INDIA |
|
6 |
A38554358 |
90047427 |
BANK OF INDIA |
19/02/1999 |
- |
09/05/2008 |
200000.0 |
CGO COPMLEX BRANCHLODHI ROAD NEW DELHI 110003 INDIA |
|
7 |
A38555173 |
90047381 |
BANK OF INDIA |
16/01/1999 |
24/05/2002 |
09/05/2008 |
2000000.0 |
CGO COPMLEX BRANCHLODHI ROAD NEW DELHI 110003 INDIA |
|
8 |
A38556353 |
90047747 |
BANK OF INDIA |
16/01/2000 |
- |
09/05/2008 |
500000.0 |
CGO COPMLEXLODHI ROADNEW DELHI 11003 INDIA |
|
9 |
A38556056 |
90047414 |
BANK OF INDIA |
08/02/1999 |
24/05/2002 |
09/05/2008 |
500000.0 |
CGO COPMLEX BRANCH LODHI ROAD NEW DELHI 110003 INDIA |
FIXED ASSETS
- Building
- Computers
- Machinery
- Vehicle
- 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 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 : |
PRT |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
TPT |
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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--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.