|
|
|
MIRA INFORM REPORT
|
Report No. : |
485754 |
|
Report Date : |
12.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
AVH POLYCHEM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Office B-101, First Floor, Giriraj Heights, Above Axis Bank, Viraj Bhumi
Complex, Link Road, Kandivali ( West), Mumbai – 400067, Maharashtra |
|
Tel. No.: |
91-22-28686200/ 32404344 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
17.06.2009 |
|
|
|
|
Com. Reg. No.: |
11-193361 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 10.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100MH2009PTC193361 |
|
|
|
|
IEC No.: |
0309065852 |
|
|
|
|
GSTIN: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA35643G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAHCA8513A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in trading and supply of various Plastic raw
materials in India. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
AVH Polychem Private Limited was incorporated in the year 2009. For the financial year 2017, the company has achieved 32.13% growth in
its revenue as compared to previous year revenue and has maintained average profit
margin of 1.66%. The satisfactory financial profile of the company is marked by
sufficient networth base along with strong debt coverage indicators due to
low debt balance sheet profile. Rating takes into consideration equity infused by 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 12.01.2018
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.
LOCATIONS
|
Registered/ Corporate Office : |
Office B-101, First Floor, Giriraj Heights, Above Axis Bank, Viraj Bhumi
Complex, Link Road, Kandivali ( West), Mumbai – 400067, Maharashtra, India |
|
Tel. No.: |
91-22-28686200/ 32404344 |
|
Fax No.: |
91-22-28686201 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Godown / Branch Offices : |
·
Gala No. 5, B-Wing, Patil Compound, Val
Village, Bhiwandi, District Thane -421302, Maharashtra, India ·
Gala No A/18
Survey No 26/2, Nahuli Railway
Crossing Off N.H. No 8, Valvada, Vapi,
District Valsad – 396105, Gujarat, India
· Unit No G-19, Plot No 39 and 40, Golden Industrial Estate, Dabhel, Somnath, Daman, Daman and Diu [U.T.], India · Building No D 1 and 2, Survey No 35, Waghdhara Road, Village Dadra – 396193, Dadra and Nagar, Haveli [U.T.], India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Bipinchandra Shantilal Gandhi |
|
Designation : |
Director |
|
Address : |
802, Dimple Heights, Asha Nagar, Western Express Highway, Mumbai - 400101, Maharashtra, India |
|
Date of Birth/Age : |
18.02.1948 |
|
Date of Appointment : |
17.06.2009 |
|
PAN No.: |
AAAPG9799G |
|
DIN No.: |
00143909 |
|
|
|
|
Name : |
Mr. Jwalin Bipinchandra Gandhi |
|
Designation : |
Director |
|
Address : |
A-1104, Radha Madhav, Radha Residency CHS, Siddharth Nagar, Off. W.E. Highway, Borivali (East), Mumbai - 400066, Maharashtra, India |
|
Date of Birth/Age : |
13.10.1975 |
|
Date of Appointment : |
17.06.2009 |
|
PAN No.: |
AAAPG9804G |
|
DIN No.: |
00144425 |
|
|
|
|
Name : |
Mr. Rutvij Bipinchandra Gandhi |
|
Designation : |
Director |
|
Address : |
A-1401, Radha Madhav, Siddharth Nagar, Off. W.E. Highway, Opposite Dheeraj Savera, Borivali (East), Mumbai - 400101, Maharashtra, India |
|
Date of Birth/Age : |
10.08.1978 |
|
Date of Appointment : |
17.06.2009 |
|
PAN No.: |
AERPG2446M |
|
DIN No.: |
01797334 |
KEY EXECUTIVES
|
Name : |
Sanjay Dholakia and Associates |
|
Designation : |
Company Secretaries |
|
Address : |
GP 15, 2nd Floor, Raghuleela Mall, Behind Poinsur Depot, Kandivali
(West), Mumbai – 400067, Maharashtra, India |
|
Tel. No: |
91-22-28073233/ 62363233 |
|
Mob. No: |
91-9870031365 |
|
Email: |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Bipinchandra Shantilal Gandhi |
|
190000 |
|
Jwalin Bipinchandra Gandhi |
|
280800 |
|
Rutvij Bipinchandra Gandhi |
|
337000 |
|
Pratibha Bipinchandra Gandhi |
|
9995 |
|
Pinky Jwalin Gandhi |
|
119000 |
|
Grishma Rutvij Gandhi |
|
63000 |
|
Jignesh Pramodchandra Gujarati |
|
100 |
|
Hetal Jignesh Gujarati |
|
100 |
|
Ami Mehta |
|
1 |
|
Nayana Mehta |
|
1 |
|
Sachin Kothwala |
|
1 |
|
Mayuri Parekh |
|
1 |
|
Nitin Parekh |
|
1 |
|
Total |
|
1000000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
99.98 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
0.02 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in trading and supply of various Plastic raw
materials in India. [Registered Activity] |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Available |
||||
|
|
|
||||
|
Imports : |
Not Available |
||||
|
|
|
||||
|
Terms : |
Not Available |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
·
HDFC Bank Limited |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
JPJ and Company LLP Chartered Accountants |
|
Address : |
D-201, Shyamkamal Building, Agarwal, Vile Parle [East], Mumbai –
400057, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAIFJ8515F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprise controlled by Key Management Personnel |
|
CAPITAL STRUCTURE
As on: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000 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 |
10.000 |
6.630 |
5.500 |
|
(b) Reserves & Surplus |
25.692 |
12.160 |
9.412 |
|
(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) |
35.692 |
18.790 |
14.912 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
18.595 |
13.411 |
9.028 |
|
(b) Deferred tax liabilities (Net) |
0.075 |
0.143 |
0.089 |
|
(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) |
18.670 |
13.554 |
9.117 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
111.121 |
67.201 |
62.105 |
|
(c) Other
current liabilities |
3.917 |
0.202 |
1.602 |
|
(d) Short-term
provisions |
8.069 |
2.381 |
1.455 |
|
Total Current
Liabilities (4) |
123.107 |
69.784 |
65.162 |
|
|
|
|
|
|
TOTAL |
177.469 |
102.128 |
89.191 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
6.807 |
2.331 |
2.571 |
|
(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 |
0.222 |
0.422 |
0.161 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
7.029 |
2.753 |
2.732 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
40.214 |
35.139 |
21.689 |
|
(c) Trade
receivables |
102.753 |
52.001 |
52.592 |
|
(d) Cash
and cash equivalents |
8.712 |
4.547 |
6.442 |
|
(e) Short-term
loans and advances |
18.441 |
7.516 |
5.297 |
|
(f) Other
current assets |
0.320 |
0.172 |
0.439 |
|
Total
Current Assets |
170.440 |
99.375 |
86.459 |
|
|
|
|
|
|
TOTAL |
177.469 |
102.128 |
89.191 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
782.790 |
592.462 |
484.626 |
|
|
Other Income |
7.946 |
2.974 |
3.167 |
|
|
TOTAL |
790.736 |
595.436 |
487.793 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
642.213 |
510.307 |
421.769 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(5.076) |
(13.450) |
(7.137) |
|
|
Employees benefits
expense |
7.199 |
5.554 |
4.254 |
|
|
Other expenses |
122.394 |
85.232 |
59.786 |
|
|
TOTAL |
766.730 |
587.643 |
478.672 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
24.006 |
7.793 |
9.121 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
4.455 |
3.266 |
3.832 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
19.551 |
4.527 |
5.289 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.612 |
0.525 |
0.440 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
18.939 |
4.002 |
4.849 |
|
|
|
|
|
|
|
Less |
TAX |
5.933 |
1.254 |
2.221 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
13.006 |
2.748 |
2.628 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
12.160 |
9.412 |
6.784 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
25.166 |
12.160 |
9.412 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
16.52 |
6.92 |
9.63 |
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 |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operating activity |
2.002 |
(5.773) |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
47.91 |
32.04 |
39.61 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
7.62 |
11.39 |
9.21 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
63.16 |
48.07 |
53.75 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.60 |
0.22 |
0.42 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
3.53 |
3.34 |
3.55 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.80 |
0.81 |
0.83 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.52 |
0.71 |
0.61 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
3.45 |
3.71 |
4.37 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.19 |
0.12 |
0.17 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
5.39 |
2.39 |
2.38 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
1.66 |
0.46 |
0.54 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
7.33 |
2.69 |
2.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
36.44 |
14.62 |
17.62 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.38 |
1.42 |
1.33 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.06 |
0.92 |
0.99 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.20 |
0.18 |
0.17 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1.86 |
2.02 |
1.64 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.38 |
1.42 |
1.33 |
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 |
5.500 |
6.630 |
10.000 |
|
Reserves & Surplus |
9.412 |
12.160 |
25.692 |
|
Net
worth |
14.912 |
18.790 |
35.692 |
|
|
|
|
|
|
long-term borrowings |
9.028 |
13.411 |
18.595 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
9.028 |
13.411 |
18.595 |
|
Debt/Equity
ratio |
0.605 |
0.714 |
0.521 |
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 |
484.626 |
592.462 |
782.790 |
|
|
|
22.251 |
32.125 |
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 |
484.626 |
592.462 |
782.790 |
|
Profit |
2.628 |
2.748 |
13.006 |
|
|
0.54% |
0.46% |
1.66% |
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 |
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 two/ three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
BACKGROUND
Subject incorporated on 17.06.2009 as a private limited company is
primarily engaged in trading and supply of various Plastic raw materials in
India. The company has Four godowns situated at Daman, Dadra and Nagar Haveli,
Vapi in Gujarat and Bhiwandi.
BRIEF DESCRIPTION
OF THE COMPANY’S WORKING DURING THE YEAR/ STATE OF COMPANY’S AFFAIR
During the year, the Company revenue stood at INR 790.736 Million as
against INR 595.436 Million in the
previous year. Management is taking continuous efforts to increase the revenue
in upcoming years.
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
17.150 |
13.280 |
|
Total |
17.150 |
13.280 |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G48985022 |
10362304 |
YES BANK LIMITED |
21/06/2012 |
06/07/2017 |
- |
200000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI-400018, MAHARASHTRA, INDIA |
FIXED ASSETS
· Electric Installations and Equipment
· Motor Vehicles
· Plant and Machinery
· Furniture and Fittings
· Computers and Data Processing Units
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 63.74 |
|
|
1 |
INR 86.01 |
|
Euro |
1 |
INR 76.14 |
INFORMATION DETAILS
|
Analysis Done by
: |
VRS |
|
|
|
|
Report Prepared
by : |
MTN |
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.