|
|
|
MIRA INFORM REPORT
|
Report No. : |
482782 |
|
Report Date : |
06.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
DUFF AND PHELPS INDIA PRIVATE LIMITED (w.e.f. 24.10.2015) |
|
|
|
|
Formerly Known
As : |
AMERICAN
APPRAISAL INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
404, Windfall, Sahar Plaza Complex, J. B. Nagar, Andheri (East), Mumbai – 400059, Maharashtra |
|
Tel. No.: |
91-22-66231000 |
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|
|
|
Country : |
India |
|
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|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
28.05.2008 |
|
|
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|
Com. Reg. No.: |
11-182759 |
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|
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|
Capital
Investment / Paid-up Capital : |
INR 27.662 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74140MH2008PTC182759 |
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|
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|
IEC No.: |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAFCA0595Q |
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|
|
|
GSTIN : |
Not Divulged |
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|
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|
Legal Form : |
Private Limited Liability Company. |
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|
Line of Business
: |
The company is engaged in the business of Global Valuation
and Corporate Finance Advisory Services with Expertise in Complex Valuation,
Dispute and Legal Management Consulting, M and A, Restructuring, and
Compliance and Regulatory Consulting. (Registered activity) |
|
|
|
|
No. of Employees
: |
Information declined 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 200000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 2008. It is engaged in the
business of global valuation and providing corporate finance advisory management
consulting, M and A, restructuring and compliance and regulatory consulting. For the financial year 2017, the company has achieved revenue growth
of 58.21% as compared to the previous year along with an average profit
margin of 3.60%. The sound financial risk profile of the company is marked by adequate
net worth base along with strong debt protection metrics due to free balance
sheet profile. 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 06.01.2018
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 BY
|
Name : |
Mr. Vadiraj Kulkarni |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-9930091429 |
|
Date : |
22.12.2017 |
|
Name : |
Ms. Suwarna |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-66231000 |
|
Date : |
22.12.2017 |
LOCATIONS
|
Registered Office : |
404, Windfall, Sahar Plaza Complex, J. B. Nagar, Andheri (East), Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-66231000-10 |
|
Mobile No.: |
91-9930091429 (Mr. Vadiraj Kulkarni) 91-8065696340 (Santosh) |
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Fax No.: |
91-22-66231010 |
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E-Mail : |
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Website : |
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|
Bangalore Office : |
No. 18, 1st Floor, M. P. Krishna Mansion, Guava Garden, Koramangala, 5th Block, Bangalore – 560095, Karnataka, India |
|
Tel. No.: |
91-80-6569 6342 |
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|
|
|
New
Delhi Office : |
603, Ansal Bhawan, 16 K G Marg, New Delhi – 110001, India |
|
Tel. No.: |
91-11-66540301 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Varun Gupta |
|
Designation : |
Managing Director |
|
Address : |
D 803/4, Wing - D, 8th Floor, Lake Lucerne Homes, Plot No.
4, Adi Shankarchrya Road, Powai, Mumbai – 400076, Maharashtra, India
|
|
Date of Appointment : |
29.05.2008 |
|
DIN No.: |
02153971 |
|
|
|
|
Name : |
Mr. Yung Wei Patrick Wu |
|
Designation : |
Director |
|
Address : |
Flat 4, 35-37 La Salle Road Kowloon Tsai, Hong Kong |
|
Date of Appointment : |
29.05.2008 |
|
DIN No.: |
02155180 |
|
|
|
|
Name : |
Mr. Santosh Nagalingaswamy |
|
Designation : |
Director |
|
Address : |
750, 37th F Cross, 16th Main, 4th T
Block, Jayanagar, Bangalore – 560041, Karnataka, India |
|
Date of Appointment : |
26.09.2016 |
|
DIN No.: |
07579939 |
|
|
|
|
Name : |
Mr. Patrick Michael Puzzuoli |
|
Designation : |
Director |
|
Address : |
5 Platt Ln, Rye, NY 10580, USA |
|
Date of Birth/Age : |
07.06.1970 |
|
Date of Appointment : |
20.02.2017 |
|
DIN No.: |
07594875 |
|
|
|
|
Name : |
Mr. Edward Forman |
|
Designation : |
Director |
|
Address : |
1126 W Laurelton Pkwy, Teaneck, NJ 07666, United States of America |
|
Date of Birth/Age : |
21.01.1969 |
|
Date of Appointment : |
20.02.2017 |
|
DIN No.: |
07600285 |
KEY EXECUTIVES
|
Name : |
Ms. Suwarna |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
American Appraisal Associates LLC (Formerly known
as American Appraisal Associates Inc.) |
|
1948309 |
|
D and P China (HK) Limited (Formerly known as American Appraisal China
Limited) |
|
1 |
|
|
|
|
|
Total |
|
1948310 |
LIST OF ALLOTTEES
As on 26.09.2017
|
Names of Allottee |
|
No. of Shares |
|
American Appraisal Associates LLC (Formerly known
as American Appraisal Associates Inc.) |
|
363352 |
|
|
|
|
|
Total |
|
363352 |
As on 28.12.2017
|
Names of Allottee |
|
No. of Shares |
|
American Appraisal Associates LLC (Formerly known
as American Appraisal Associates Inc.) |
|
454545 |
|
|
|
|
|
Total |
|
454545 |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2017
|
Category |
Percentage |
|
Promoter - Bodies
corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of Global Valuation
and Corporate Finance Advisory Services with Expertise in Complex Valuation, Dispute
and Legal Management Consulting, M and A, Restructuring, and Compliance and
Regulatory Consulting. (Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
|
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Auditors : |
|
|
Name : |
BSR and Associates LLP Chartered Accountants |
|
Address : |
5th Floor, Lodha Excelus, Apollo Mills Compound, N M Joshi Marg, Mahalaxmi,
Mumbai – 400011, Maharashtra, India |
|
Tel. No.: |
91-22-43455300 |
|
Fax No.: |
91-22-43455399 |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AADFB6889R |
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|
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Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company : |
|
CAPITAL STRUCTURE
After 28.09.2017
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 |
|
|
|
|
|
|
2766207 |
Equity Shares |
INR 10/- each |
INR 27.662
Million |
|
|
|
|
|
As on 31.03.2017
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 |
|
|
|
|
|
|
1948310 |
Equity Shares |
INR 10/- each |
INR 19.483
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 |
19.483 |
19.483 |
19.483 |
|
(b) Reserves &
Surplus |
50.093 |
41.150 |
31.379 |
|
(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) |
69.576 |
60.633 |
50.862 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
1.434 |
6.702 |
0.000 |
|
(d) long-term provisions |
5.753 |
4.293 |
2.979 |
|
Total Non-current
Liabilities (3) |
7.187 |
10.995 |
2.979 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
63.951 |
19.593 |
3.488 |
|
(c) Other current
liabilities |
58.317 |
14.689 |
3.417 |
|
(d) Short-term provisions |
2.784 |
7.109 |
5.314 |
|
Total Current Liabilities
(4) |
125.052 |
41.391 |
12.219 |
|
|
|
|
|
|
TOTAL |
201.815 |
113.019 |
66.060 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
31.350 |
18.334 |
3.987 |
|
(ii) Intangible Assets |
0.016 |
0.078 |
0.146 |
|
(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) |
16.034 |
5.671 |
1.314 |
|
(d) Long-term Loan and Advances |
12.060 |
4.892 |
2.648 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
59.460 |
28.975 |
8.095 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
59.671 |
45.929 |
19.705 |
|
(d) Cash and cash
equivalents |
49.155 |
20.746 |
26.963 |
|
(e) Short-term loans and
advances |
7.545 |
1.716 |
2.785 |
|
(f) Other current assets |
25.984 |
15.653 |
8.512 |
|
Total Current Assets |
142.355 |
84.044 |
57.965 |
|
|
|
|
|
|
TOTAL |
201.815 |
113.019 |
66.060 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
248.527 |
157.083 |
103.892 |
|
|
Other Income |
0.035 |
1.718 |
3.162 |
|
|
TOTAL |
248.562 |
158.801 |
107.054 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits
expense |
120.885 |
80.829 |
50.384 |
|
|
Other expenses |
110.399 |
59.350 |
32.154 |
|
|
TOTAL |
231.284 |
140.179 |
82.538 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
17.278 |
18.622 |
24.516 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.308 |
0.260 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
16.970 |
18.362 |
24.516 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
6.965 |
3.748 |
1.682 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
10.005 |
14.614 |
22.834 |
|
|
|
|
|
|
|
Less |
TAX |
1.062 |
4.843 |
7.985 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
8.943 |
9.771 |
14.849 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
4.59 |
5.02 |
7.62 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
60.163 |
(0.080) |
(22.256) |
|
Net cash flow from operating activity |
44.402 |
10.900 |
(7.312) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
87.64 |
106.72 |
69.23 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.16 |
3.42 |
5.27 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.55 |
1.01 |
5.93 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.62 |
0.37 |
0.18 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.80 |
0.68 |
0.24 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.45 |
0.30 |
0.08 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
56.10 |
71.62 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
((PAT / Sales) * 100) |
% |
3.60 |
6.22 |
14.29 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
4.43 |
8.65 |
22.48 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
12.85 |
16.11 |
29.19 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.14 |
2.03 |
4.74 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.14 |
2.03 |
4.74 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.34 |
0.54 |
0.77 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets
/ Total Current Liabilities) |
1.14 |
2.03 |
4.74 |
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 |
19.483 |
19.483 |
19.483 |
|
Reserves & Surplus |
31.379 |
41.150 |
50.093 |
|
Net
worth |
50.862 |
60.633 |
69.576 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.000 |
|
Short Term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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
|
103.892 |
157.083 |
248.527 |
|
|
|
51.198 |
58.214 |
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
|
103.892 |
157.083 |
248.527 |
|
Profit |
14.849 |
9.771 |
8.943 |
|
|
14.29% |
6.22% |
3.60% |
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 |
No |
|
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 |
BUSINESS PERFORMANCE /
FINANCIAL OVER VIEW:
During the year, the operating income of your Company has increased by 58.21% from INR 157.083 Million to INR 248.527 Million
The Profit after tax of the Company decrease by 8.47% from INR 9.771 Million to INR 8.943 Million for the year ended 31st March, 2017. The Company is poised to grow significantly in the coming years.
COMPANY AFFARIRS:
The Company was incorporated on 8th May, 2008 and engaged in the business of global valuation and corporate finance advisory services with expertise in complex valuation, dispute and legal management consulting, M&A, restructuring, and compliance and regulatory consulting. The Company has also changed its main object in the Annual General Meeting held on 28th September, 2016.
BACKGROUND
The company was incorporated on May 28, 2008 under the companies Act, 1956. The company is wholly subsidiary of American Appraisal Associates LLC (formerly known as America Associates Inc.). the company is the premier global valuation and corporate finance advisor with expertise in complex valuation, dispute and legal management consulting, M and A, restructuring, and compliance and regulatory consulting.
INDEX
OF CHARGES: NO CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
- Computers
- Office
equipments
- Furniture and
fixtures
- Leasehold
improvement
- 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, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 63.39 |
|
|
1 |
INR 85.74 |
|
Euro |
1 |
INR 76.25 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
KJL |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.