|
|
|
MIRA INFORM REPORT
|
Report No. : |
483511 |
|
Report Date : |
01.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
WFB BAIRD AND COMPANY INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
FF-5, TDI Centre, Plot No. 7, District Centre Jasola, New Delhi –
110025 |
|
Tel. No.: |
91-484-4219100 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
27.07.2004 |
|
|
|
|
Com. Reg. No.: |
55-127903 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 48.410 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909DL2004PTC127903 |
|
|
|
|
IEC No.: |
3904000071 |
|
|
|
|
GSTIN/UIN: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACW5376N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company is engaged in the manufacture, export and sale of linen fabric. (Registered Activity and also Confirmed by Management) |
|
|
|
|
No. of Employees
: |
389 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a wholly owned subsidiary of “WFB Baird and Co. Limited, UK” and was incorporated in the year 2004. It is having fine track. For the financial year 2017, the company has registered decrease in its revenue from operations as compared to previous year and maintained average profitability margin of 2.26%. Rating takes into consideration sound financial profile of the company marked by healthy networth base and low debt balance sheet. Further, the company also derives strength from its established track record of operations, longstanding relationship with reputed clientele with presence across domestic and international market. Trade relations are reported as fair. Payments are reported to be regular. In view of established market position, the company can be considered good for normal 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 |
CARE |
|
Rating |
Long term rating: BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
17.11.2017 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term rating: A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
17.11.2017 |
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 01.01.2017
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Anand Krishnan |
|
Designation : |
Accounts Officer |
|
Contact No.: |
91-484-4219100 |
|
Date : |
29.12.2017 |
LOCATIONS
|
Registered Office : |
FF-5, TDI Centre, Plot No. 7, District Centre Jasola, New Delhi – 110025,
India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Corporate Office/Factory : |
Plot No. 45, Cochin Special Economic Zone, Kakkanad, Kochi,
Ernakulam – 682037, Kerala, India |
|
Tel. No.: |
91-484-4219100 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. William James Burgoyne Baird |
|
Designation : |
Director |
|
Address : |
12, Clogher Road, Hillsborough, Bt266 PJ, County Down, 000266, United Kingdom |
|
Date of Birth/Age : |
12.12.1957 |
|
Date of Appointment : |
27.07.2004 |
|
DIN No.: |
05122420 |
|
|
|
|
Name : |
Ms. Suchitra Anil Menon |
|
Designation : |
Director |
|
Address : |
C-26, Green Acres, Tatapuram P O, Ernakulam - 682018, Kerala, India |
|
Date of Birth/Age : |
03.05.1975 |
|
Date of Appointment : |
20.10.2013 |
|
PAN No.: |
AKVPM5554C |
|
DIN No.: |
06827114 |
|
|
|
|
Name : |
Mr. Pradeepkumar Bhaskaran Pillai |
|
Designation : |
Director |
|
Address : |
Vakkayil Veedu, Ponnezha, Thekkekara P O., Mavelikkara, Alappuzha - 690107, Kerala, India |
|
Date of Birth/Age : |
29.05.1972 |
|
Date of Appointment : |
20.10.2013 |
|
PAN No.: |
AGTPP8948B |
|
DIN No.: |
06827149 |
|
|
|
|
Name : |
Joshua Robert Burgoyne Baird |
|
Designation : |
Additional Director |
|
Address : |
37, Church Hill, Lisburn BT274SB GB |
|
Date of Appointment : |
24.10.2017 |
|
DIN No.: |
07944623 |
|
|
|
|
Name : |
Abhijit Ganguly |
|
Designation : |
Additional Director |
|
Address : |
B-3B, Gangotri Enclave, Alaknanda, Delhi -110019, India |
|
Date of Appointment : |
24.10.2017 |
|
DIN No.: |
07969568 |
KEY EXECUTIVES
|
Name : |
Mr. Anand Krishnan |
|
Designation : |
Accounts Officer |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
WFB Baird and Co. Limited, United Kingdom |
|
4840980 |
|
WFB Baird Europe OU, Estonia (Formerly OU Parnu Linavabrik Estonia) |
|
1 |
|
Total |
|
4840981 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters- Body corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the manufacture, export and sale of linen fabric. (Registered Activity and also 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 : |
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|
Products : |
Linen Fabric |
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Countries : |
·
Bangladesh ·
Sri Lanka |
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Imports : |
Not Available |
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Terms : |
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Selling : |
L/C, Depend |
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Purchasing : |
L/C, Depend |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
389 (Approximately) |
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|
Bankers : |
·
State Bank of India, Commercial Branch, 1st
Floor, Vankranth Tower, SNH Byepass Jn., Padivattom, Kochi – 682024, Kerala, India |
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|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
G Joseph and Associates Chartered Accountants |
|
Address : |
37/2038-A2, Muttathil Lane, Kadavantara, Ernakulam, Kerala, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFG8900C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company: |
|
|
|
|
|
Ultimate
Holding company: |
|
|
|
|
|
Fellow
Subsidiary company: |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
41000000 |
Equity Shares |
INR 10/- each |
INR 410.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4840981 |
Equity Shares |
INR 10/- each |
INR 48.410 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
01.04.2016 To 31.03.2017 (12
Months) |
01.05.2015 To 31.03.2016 (11
Months) |
01.05.2014 To 30.04.2015 (12
Months) |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
48.410 |
48.410 |
48.410 |
|
(b) Reserves and Surplus |
796.150 |
743.501 |
616.718 |
|
(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) |
844.560 |
791.911 |
665.128 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
67.730 |
0.000 |
6.358 |
|
(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 |
7.477 |
6.848 |
4.838 |
|
Total Non-current
Liabilities (3) |
75.207 |
6.848 |
11.196 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
376.295 |
341.024 |
138.204 |
|
(b) Trade
payables |
298.142 |
314.741 |
232.176 |
|
(c) Other
current liabilities |
66.608 |
59.138 |
43.687 |
|
(d) Short-term
provisions |
20.285 |
30.674 |
53.216 |
|
Total Current
Liabilities (4) |
761.330 |
745.577 |
467.283 |
|
|
|
|
|
|
TOTAL |
1681.097 |
1544.336 |
1143.607 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
348.370 |
264.493 |
256.835 |
|
(ii)
Intangible Assets |
1.169 |
1.110 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
89.019 |
14.642 |
6.260 |
|
(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) |
8.415 |
17.951 |
6.668 |
|
(d)
Long-term loans and advances |
28.286 |
17.423 |
12.537 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
475.259 |
315.619 |
282.300 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
643.257 |
522.374 |
381.854 |
|
(c) Trade
receivables |
438.745 |
501.064 |
347.245 |
|
(d) Cash and
bank balances |
70.433 |
149.336 |
69.092 |
|
(e)
Short-term loans and advances |
40.300 |
37.516 |
31.756 |
|
(f) Other
current assets |
13.103 |
18.427 |
31.360 |
|
Total
Current Assets |
1205.838 |
1228.717 |
861.307 |
|
|
|
|
|
|
TOTAL |
1681.097 |
1544.336 |
1143.607 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
01.04.2016 To 31.03.2017 (12
Months) |
01.05.2015 To 31.03.2016 (11
Months) |
01.05.2014 To 30.04.2015 (12
Months) |
|
|
SALES |
|
|
|
|
|
Income |
2332.485 |
2498.811 |
2051.987 |
|
|
Other Income |
4.210 |
1.893 |
1.456 |
|
|
TOTAL |
2336.695 |
2500.704 |
2053.443 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1425.135 |
1650.808 |
1226.902 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(21.238) |
(76.674) |
76.244 |
|
|
Employee benefit expense |
270.153 |
217.147 |
192.560 |
|
|
CSR expenditure |
0.030 |
0.000 |
0.000 |
|
|
Other expenses |
495.308 |
502.633 |
378.529 |
|
|
TOTAL |
2169.388 |
2293.914 |
1874.235 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
167.307 |
206.790 |
179.208 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
35.237 |
31.201 |
31.980 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
132.070 |
175.589 |
147.228 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
43.340 |
34.788 |
52.549 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
88.730 |
140.801 |
94.679 |
|
|
|
|
|
|
|
Less |
TAX |
36.081 |
14.018 |
41.513 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
52.649 |
126.783 |
53.166 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
10.88 |
26.19 |
10.98 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
01.04.2016 To 31.03.2017 (12
Months) |
01.05.2015 To 31.03.2016 (11
Months) |
01.05.2014 To 30.04.2015 (12
Months) |
|
|
|
|
|
|
Current Maturities of Long term debt |
14.983 |
6.640 |
0.000 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
51.959 |
(0.041) |
82.858 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
21.172 |
(39.102) |
65.664 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
01.04.2016 To 31.03.2017 (12
Months) |
01.05.2015 To 31.03.2016 (11
Months) |
01.05.2014 To 30.04.2015 (12
Months) |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
68.66 |
73.19 |
61.77 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.32 |
4.99 |
5.91 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
76.36 |
69.59 |
69.07 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.26 |
0.40 |
0.47 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.38 |
0.74 |
0.68 |
LEVERAGE RATIOS
|
PARTICULARS |
01.04.2016 To 31.03.2017 (12
Months) |
01.05.2015 To 31.03.2016 (11
Months) |
01.05.2014 To 30.04.2015 (12
Months) |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.50 |
0.49 |
0.41 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.54 |
0.44 |
0.22 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.90 |
0.94 |
0.70 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.52 |
0.35 |
0.40 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
4.75 |
6.63 |
5.60 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
01.04.2016 To 31.03.2017 (12
Months) |
01.05.2015 To 31.03.2016 (11
Months) |
01.05.2014 To 30.04.2015 (12
Months) |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
2.26 |
5.07 |
2.59 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.13 |
8.21 |
4.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
6.23 |
16.01 |
7.99 |
SOLVENCY RATIOS
|
PARTICULARS |
01.04.2016 To 31.03.2017 (12
Months) |
01.05.2015 To 31.03.2016 (11
Months) |
01.05.2014 To 30.04.2015 (12
Months) |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.58 |
1.65 |
1.84 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.74 |
0.95 |
1.03 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.50 |
0.51 |
0.58 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
9.48 |
7.18 |
2.99 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.58 |
1.65 |
1.84 |
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 |
30.04.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
48.410 |
48.410 |
48.410 |
|
Reserves & Surplus |
616.718 |
743.501 |
796.150 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
665.128 |
791.911 |
844.560 |
|
|
|
|
|
|
Long-term borrowings |
6.358 |
0.000 |
67.730 |
|
Short term borrowings |
138.204 |
341.024 |
376.295 |
|
Current maturities of
long-term debts |
0.000 |
6.640 |
14.983 |
|
Total
borrowings |
144.562 |
347.664 |
459.008 |
|
Debt/Equity
ratio |
0.217 |
0.439 |
0.543 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
30.04.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
2051.987 |
2498.811 |
2332.485 |
|
|
|
21.775 |
(6.656) |
NET PROFIT MARGIN
|
Net
Profit Margin |
30.04.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
2051.987 |
2498.811 |
2332.485 |
|
Profit/ (Loss) |
53.166 |
126.783 |
52.649 |
|
|
2.59
% |
5.07
% |
2.26
% |
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 |
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) |
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: Registered address
of the company has been shifted from F-42, Ashok Vihar, Phase - 1, New
Delhi – 110052 to the present address.
CORPORATE INFORMATION
Subject was incorporated on July 27, 2004. The Company is a wholly owned subsidiary of WFB Baird and Co. Limited, UK (WFB UK or the parent Company). The Company is engaged in the manufacture and sale of linen fabric and is located in the Cochin Special Economic Zone, Kerala. The Company has set up its second unit in Vijayamangalam, Tamil Nadu.
COMPANY’S STATE OF AFFAIRS:
The Company has earned total revenue of INR 2336.695 Million for the financial year under report as compared to INR 2500.704 Million earned in the previous year. The total expenditure of the Company excluding the depreciation and tax expense for the period ended 31.03.2017 is INR 2204.625 Million when compared to INR 2325.115 Million for the previous year. The Company has made a profit of INR 52.649 Million for the current year. There is a decline in turnover during the year under report and the same was the impact of the slowdown in the international market. The directors are confident on the Company’s future performance and strive to increase the growth by utilizing every opportunity available.
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
AMOUNT |
ADDRESS |
|
1 |
G27596634 |
100062811 |
HDFC BANK LIMITED |
19/04/2016 |
- |
100000000.0 |
SL PLAZA, PALARIVATTOMKOCHIKL682025IN |
|
2 |
G49906076 |
10165257 |
STATE BANK OF INDIA |
03/06/2009 |
10/07/2017 |
1050700000.0 |
COMMERCIAL BRANCH, 1ST FLOOR, VANKRANTH TOWERS,NH BYEPASS JN., PADIVATTOM,KOCHIKL682024IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
Intangible assets
- Computer software
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 64.93 |
|
|
1 |
INR 86.07 |
|
Euro |
1 |
INR 76.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
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.