|
|
|
MIRA INFORM REPORT
|
Report No. : |
484511 |
|
Report Date : |
05.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
MAHARASHTRA ORGANO METALLIC CATALYSTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
125, Gundecha Industrial Complex, Akurli Road, Kandivali (East),
Mumbai-400101, Maharashtra |
|
Tel. No.: |
91-22-28841917 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
25.11.1993 |
|
|
|
|
Com. Reg. No.: |
11-075299 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 1.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110MH1993PTC075299 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GSTIN/UIN: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM5076C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers,
importer, exporter, trading and services of Speciality and Quality Chemicals.
[Registered Activity] |
|
|
|
|
No. of Employees
: |
Information denied by the management |
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 500000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1993 and it is a manufacturer of chemicals. As per available financials of March 2017, the company has registered marginal
growth in its revenue and has reported fair profit margin of 4.05%. Rating takes into consideration the company’s established track record
of business operations marked by sound net worth base along with low solvency
indicator and decent liquidity position. Further, the company has reported a good earnings per share of INR
1268.00 against its face value of INR 100. Payments are reported to be regular. 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 05.01.2018
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.:91-22-28841917)
Mobile No.: 91-9322277917 (Number is continuously ringing)
LOCATIONS
|
Registered Office : |
125, Gundecha Industrial Complex, Akurli Road, Kandivali (East),
Mumbai-400101, Maharashtra, India |
|
Tel. No.: |
91-22-28841917/ 28854453 / 67103844 |
|
Fax No.: |
91-22-28852722 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Ankur Khemraj Todi |
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|
Designation : |
Director |
||||||||||||
|
Address : |
A-1805-1806 Whispering Palms Xx Clusives C.H.S. Limited, Cts No. 171/1 To 10, Plot No B, Sector 1, Akurli, Kandivali (East), Mumbai-400101, Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
27.01.1984 |
||||||||||||
|
Date of Appointment : |
01.04.2007 |
||||||||||||
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PAN No.: |
ADLPT3313K |
||||||||||||
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DIN No.: |
01462768 |
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Other Directorship:
|
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|
|
|
||||||||||||
|
Name : |
Mr. Khemraj Gajanand Todi |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
125, Gundecha Industrial Complex Akurli Road, Kandivali (East), Mumbai-400101, Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
20.11.1950 |
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|
Date of Appointment : |
27.11.2002 |
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DIN No.: |
01483337 |
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Other Directorship:
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Sandeep Kemraj Todi |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
1805-1806, Wing A, Whispering Palm Exxclusive, Lokhandwalla Complex, Kandivali (East), Mumbai-400101, Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
30.06.1978 |
||||||||||||
|
Date of Appointment : |
01.04.2011 |
||||||||||||
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DIN No.: |
03495446 |
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|
Other Directorship:
|
|||||||||||||
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Santosh Todi |
|
13874 |
|
Khemraj Todi |
|
1101 |
|
Amarjit Singh |
|
1 |
|
Basant Kumar Yadav |
|
1 |
|
G K Associate (Prop. Ram Bahadur Yadav) |
|
1 |
|
GK Shah |
|
1 |
|
Juneja International (Prop. Tejbahadur Chauhan) |
|
1 |
|
Krishna Pal Singh |
|
1 |
|
Manglesh Kumar Verma |
|
1 |
|
Meena Surendra Sanghvi |
|
1 |
|
Modern Carriers (Vijay Shankar Pandey) |
|
1 |
|
Mahendra Pratap Tiwari |
|
1 |
|
Geeta |
|
1 |
|
Mukut Gems (Prop. Mahavir) |
|
1 |
|
Paramount Roadlines (Prop. Omprakash Shyamlal Tripathi) |
|
1 |
|
Ramesh Mandal |
|
1 |
|
Ravi Shankar |
|
1 |
|
Rutuja Surendra Sanghvi |
|
1 |
|
Samar Nath Yadav |
|
1 |
|
Sandeep Todi |
|
1 |
|
Sandeep Sharma |
|
1 |
|
Sangeeta Sharad Budhia |
|
1 |
|
Sharad Budhia HUF |
|
1 |
|
Shiv Kumar Sharma |
|
1 |
|
S K Singh |
|
1 |
|
Snehalata P. Vora |
|
1 |
|
Taraben Panalal Sanghvi |
|
1 |
|
Total |
|
15000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
99.84 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
0.16 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers,
importer, exporter, trading and services of Speciality and Quality Chemicals.
[Registered Activity] |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Subhash Chand Parakh and Company Chartered Accountants |
|
Address : |
Office No. 4. Old Saraswati Bhavan, Chamunda Circle, Mumbai-400092,
Maharashtra, India |
|
Tel. No.: |
91-22-28921083 |
|
Mobile No.: |
91-9869207673 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AGBPP2238C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Related party : |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15,000 |
Equity Shares |
INR 100/- each |
INR 1.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15,000 |
Equity Shares |
INR 100/- each |
INR 1.500 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
1.500 |
1.500 |
1.500 |
|
(b) Reserves &
Surplus |
174.036 |
155.015 |
138.679 |
|
(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) |
175.536 |
156.515 |
140.179 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
11.865 |
15.052 |
52.420 |
|
(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) |
11.865 |
15.052 |
52.420 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
44.053 |
52.943 |
66.805 |
|
(c) Other current
liabilities |
5.784 |
5.367 |
3.060 |
|
(d) Short-term provisions |
1.581 |
1.373 |
0.192 |
|
Total Current Liabilities
(4) |
51.418 |
59.683 |
70.057 |
|
|
|
|
|
|
TOTAL |
238.819 |
231.250 |
262.656 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
26.919 |
28.002 |
26.662 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
26.919 |
28.002 |
26.662 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.205 |
0.205 |
0.077 |
|
(b) Inventories |
64.464 |
51.984 |
39.935 |
|
(c) Trade receivables |
81.020 |
73.767 |
113.450 |
|
(d) Cash and cash
equivalents |
34.270 |
52.200 |
58.154 |
|
(e) Short-term loans and
advances |
31.941 |
25.092 |
24.378 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
211.900 |
203.248 |
235.994 |
|
|
|
|
|
|
TOTAL |
238.819 |
231.250 |
262.656 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
469.504 |
454.913 |
638.040 |
|
|
Other Income |
3.820 |
4.900 |
2.820 |
|
|
TOTAL |
473.324 |
459.813 |
640.860 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
392.025 |
390.171 |
555.077 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(12.480) |
(12.049) |
(7.815) |
|
|
Employees benefits
expense |
28.964 |
26.117 |
16.561 |
|
|
Other expenses |
30.432 |
22.697 |
31.564 |
|
|
TOTAL |
438.941 |
426.936 |
595.387 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
34.383 |
32.877 |
45.473 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
1.221 |
2.200 |
5.797 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
33.162 |
30.677 |
39.676 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
4.498 |
4.648 |
5.129 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
28.664 |
26.029 |
34.547 |
|
|
|
|
|
|
|
Less |
TAX |
9.643 |
9.693 |
11.800 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
19.021 |
16.336 |
22.747 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
155.015 |
138.679 |
115.980 |
|
|
|
|
|
|
|
Less |
SHORT
PROVISION FOR INCOME TAX 2013-14 |
0.000 |
0.000 |
0.048 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
174.036 |
155.015 |
138.679 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
109.288 |
90.581 |
109.992 |
|
|
Indirect Exports |
6.580 |
21.096 |
51.994 |
|
|
TOTAL EARNINGS |
115.868 |
111.677 |
161.986 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials and
Components |
18.750 |
28.360 |
266.448 |
|
|
Capital Goods |
0.000 |
1.044 |
0.580 |
|
|
TOTAL IMPORTS |
18.750 |
29.404 |
267.028 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1268.00 |
1089.00 |
1516.00 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(0.044) |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
62.99 |
59.19 |
64.90 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.79 |
6.17 |
5.62 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
41.02 |
49.53 |
43.93 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.53 |
0.63 |
1.14 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.28 |
1.17 |
1.71 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.26 |
0.32 |
0.47 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.07 |
0.10 |
0.37 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.29 |
0.38 |
0.50 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.15 |
0.18 |
0.19 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
28.16 |
14.94 |
7.84 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
4.05 |
3.59 |
3.57 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
7.96 |
7.06 |
8.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
10.84 |
10.44 |
16.23 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
4.12 |
3.41 |
3.37 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
2.87 |
2.53 |
2.80 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.74 |
0.68 |
0.53 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
7.91 |
10.03 |
34.95 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
4.12 |
3.41 |
3.37 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
1.500 |
1.500 |
1.500 |
|
Reserves & Surplus |
138.679 |
155.015 |
174.036 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
140.179 |
156.515 |
175.536 |
|
|
|
|
|
|
Long Term borrowings |
52.420 |
15.052 |
11.865 |
|
Short Term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
52.420 |
15.052 |
11.865 |
|
Debt/Equity
ratio |
0.374 |
0.096 |
0.068 |
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
|
638.040 |
454.913 |
469.504 |
|
|
|
(28.701) |
3.207 |
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
|
638.040 |
454.913 |
469.504 |
|
Profit |
22.747 |
16.336 |
19.021 |
|
|
3.57% |
3.59% |
4.05% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
No |
|
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 |
PERFORMANCE AND
PROSPECTS
The sales for the financial year were INR 469.500 million as against INR
454.900 million for the previous financial year registering an increase of
3.21%. The EBIDTA was INR 34.400 million as against INR 32.900 million for the
previous year. Company earned during current year net profit of INR 19.000
million as against profit after tax of INR 16.300 million for previous
financial year.
The company is putting efforts to
constantly increase the volume of the business.
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
AMOUNT |
ADDRESS |
|
1 |
A83644005 |
10213386 |
BANK OF
MAHARASHTRA |
08/04/2010 |
15000000.0 |
THAKUR
VILLAGE BRANCH, GANAPATI TOWEROPP. OBEROI SOCIETY, KANDIVALI
(EAST)MUMBAIMH400101IN |
|
2 |
Y10480093 |
90352335 |
BANK OF
MAHARSHTRA |
22/03/1995 |
100000.0 |
TARAPUR
BRANCHTHANEMHIN |
FIXED ASSETS:
- Land
- Building
- Furniture
- Plant and Machinery
- Vehicle
- Computer
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 63.39 |
|
|
1 |
INR 85.74 |
|
Euro |
1 |
INR 76.25 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.