|
|
|
MIRA INFORM REPORT
|
Report No. : |
482228 |
|
Report Date : |
13.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
HI-TECH INDUSTRIES |
|
|
|
|
Registered
Office : |
Plot No. 96, I.D.C, Hissar Road, Rohtak – 124001, Haryana |
|
Mobile No.: |
91- 9812004340 / 976417207669 (Mr. Narender
Singh) |
|
Website : |
Not Available |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation
: |
16.02.1995 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 71.580 Lacs |
|
|
|
|
IEC No.: |
Not Applicable |
|
|
|
|
TIN No.: |
06392819676 |
|
|
|
|
PAN No.: [Permanent Account No.] |
ABNPS8878A |
|
|
|
|
TAN No.: |
RTKN01825F |
|
|
|
|
Excise / CST /
GST No.: |
06ABNPS8878A1Z4 |
|
|
|
|
Central excise
Duty : |
ABNPS8878AXM001 |
|
|
|
|
Service Tax Code
: |
ABNPS8878ASD001 |
|
|
|
|
Shop &
Establishment Certificate No. |
-- |
|
|
|
|
MSME Registration Number / CA
Certificate date : |
EM Part II:
060141212484 CA Date:
03/01/2018 |
|
|
|
|
Udyog Aadhar
No.: |
Not Available |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Manufacturing of Precision Turned and Force Component. |
|
|
|
|
No. of Employees
: |
27 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Hi-Tech Industries is a proprietary concern established in the year 1995. The subject is engaged in manufacturing of precision turned and force component. As per the financial of 2017, the concern has achieved a decent growth in its revenue as compared to the previous year along with average profitability margin. The overall financial position of the concern seems to be satisfactory marked by sufficient net worth base along with moderate debt balance sheet profile. Business is active. Payments are reported to be slow but correct. In view of aforesaid, Hi-Tech Industries can be considered for business dealings at usual trade terms and condition. NOTE: Site visit was conducted at the address – Plot No- 96, IDC Hisar Road, Rohtak, Haryana- 124001. Our executive has successfully traced the subject on the said address. At the premises our executive met Mr. Narender Singh (Proprietor) and he provided hard copy of all the documents. Our executive also enquired with the neighbour companies Ganesh Enn Ind where he spoke to Mr. Amit Kumar and Shakti Fastner where he spoke to Mr. Paras Ahuja and they both confirmed the existence of the subject on the said address. As per our executive’s observation, it is a 1 storey building and the whole premise belongs to the subject concern. Location was easy to find. Locality appears to be industrial. Area seems to be upmarket. Level of operation is medium. Area of premises is 1000 (sq. ft.). 27 employees were sighted in the premises. Name board of the subject was sighted. |
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 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.
INFORMATION PARTED BY
|
Name : |
Mr. Deepak |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-7015304470 |
|
Date : |
02.01.2018 |
LOCATIONS
|
Registered Office / Works : |
Plot No. 96, I.D.C, Hissar Road, Rohtak – 124001, Haryana, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91- 9812004340 / 976417207669 (Mr. Narender
Singh) |
|
E-Mail : |
|
|
Area : |
1000 Sq. Ft. (At Site) |
|
Locality : |
Industrial (At Site) |
SOLE PROPRIETOR
|
Name : |
Mr. Narender Singh |
|
Designation : |
Proprietor |
|
Address : |
House No. 96-D, Subhash Nagar, Rohtak – 124001, Haryana, India |
|
Date of Birth/Age : |
21.03.1958 |
|
Aadhar No.: |
9764 1720 7669 |
DETAILS OF GROUP COMPANIES
NIL
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Precision Turned and Force Component. |
|
|
|
|
Products : |
|
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Terms : |
|
|
Selling : |
Local 100% : Cash and Credit (45 Days) |
|
|
|
|
Purchasing : |
Local 100% : Cash and Credit (30-45 Days) |
PRODUCTION STATUS NOT AVAILABLE
|
Sr. No. |
Items of Manufacture / type of service to be
rendered |
Capacity in case of manufacturer |
Initial date of production / commencement of
service |
|
1 |
Turned
Components Auto Parts and Components |
15300000 PCS |
31.08.1994 |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||
|
Customers : |
End-users, Manufacturers, Trading Firms
|
||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
27 (Approximately) |
||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Mathur Garg and Associates Chartered Accountants |
|
Address : |
Mal Godam Raod, Rohtak – 268015, Haryana, India |
|
Membership No.: |
010894 |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Sister Concern: |
Not Available |
LITIGATIONS
NIL
CAPITAL STRUCTURE
[INR in Lacs]
As on 31.03.2017
|
Particulars |
[INR in Lacs] |
|
Opening Balance as
on 01.04.2016 |
68.542 |
|
Add : Net Profit |
13.849 |
|
Add : Addition |
10.000 |
|
|
|
|
Less : Drawings |
(3.492) |
|
Less : Income Tax A/Y 16-17 |
(0.778) |
|
Less : PPF |
(0.760) |
|
Less : ADV Tax |
(3.100) |
|
Less : Life Insurance |
(0.994) |
|
Less : Withdrawals |
(11.687) |
|
|
|
|
Closing Balance as
on 31.03.2017 |
71.580 |
FINANCIAL DATA
[all figures are
INR Lacs]
ABRIDGED
BALANCE SHEET
Note: Sole Proprietary and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry
Records.
|
SOURCES OF
FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
EQUITY AND LIABILITIES |
|
|
|
|
|
1] Proprietor’s Capital |
71.580 |
68.542 |
59.666 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
71.580 |
68.542 |
59.666 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
156.161 |
66.188 |
85.373 |
|
|
2] Unsecured Loans |
66.279 |
65.170 |
54.900 |
|
|
TOTAL
BORROWING |
222.440 |
131.358 |
140.273 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
294.020 |
199.900 |
199.939 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
157.358 |
93.120 |
81.880 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
35.797 |
20.676 |
21.846 |
|
|
Sundry Debtors |
165.555 |
113.963 |
115.123 |
|
|
Cash & Bank Balances |
3.276 |
24.788 |
16.431 |
|
|
Other Current Assets |
15.706 |
11.392 |
7.165 |
|
|
Loans, Advances & Deposits |
54.295 |
54.295 |
54.295 |
|
Total Current Assets |
274.629 |
225.114 |
160.565 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
137.218 |
115.774 |
94.901 |
|
|
Other Current Liabilities |
0.749 |
2.560 |
1.900 |
|
|
Provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities |
137.967 |
118.334 |
96.801 |
|
|
Net Current
Assets |
136.662 |
106.780 |
63.764 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
294.020 |
199.900 |
199.939 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
631.444 |
465.867 |
454.252 |
|
|
Other Income |
0.030 |
1.336 |
0.507 |
|
|
TOTAL |
631.474 |
467.203 |
454.759 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
405.477 |
305.781 |
315.791 |
|
|
Jobwork Expense |
64.446 |
44.783 |
40.944 |
|
|
wages |
38.894 |
28.211 |
18.515 |
|
|
Electricity Expense |
20.391 |
14.576 |
9.017 |
|
|
Diesel |
9.920 |
8.074 |
8.437 |
|
|
Shortage and Line
Rejection |
5.359 |
2.933 |
1.659 |
|
|
Segregation and Line
Rejection |
4.581 |
1.340 |
1.121 |
|
|
packaging Material 5.25% |
2.731 |
2.335 |
0.000 |
|
|
Factory Expense |
1.371 |
1.068 |
1.182 |
|
|
Freight Inward Expense |
1.067 |
0.825 |
1.155 |
|
|
waste cloth |
1.025 |
0.672 |
1.207 |
|
|
packaging Material 5.25%
4.20 D1 |
1.015 |
0.000 |
0.000 |
|
|
PF Employers Contribution |
0.767 |
0.630 |
0.604 |
|
|
Fuel Expense |
0.762 |
0.662 |
0.000 |
|
|
Maintenance and Repair |
0.456 |
0.000 |
0.000 |
|
|
Repair and Maintenance |
1.277 |
0.945 |
0.567 |
|
|
Salary to Staff |
7.904 |
6.469 |
8.700 |
|
|
freight Outward Expense |
5.136 |
3.957 |
5.738 |
|
|
Discount |
1.440 |
0.000 |
0.000 |
|
|
Postage and Courier
Expense |
1.304 |
1.788 |
0.526 |
|
|
Staff and Labour Welfare
(Tea Expense) |
0.906 |
0.794 |
1.589 |
|
|
Travelling |
0.862 |
1.094 |
2.099 |
|
|
Repair and Maintenance of
building |
0.762 |
0.000 |
0.000 |
|
|
Processing Fee |
0.741 |
0.606 |
0.140 |
|
|
Service Tax |
0.632 |
0.286 |
0.105 |
|
|
Insurance Expense |
0.408 |
0.203 |
0.401 |
|
|
Car Expense |
0.405 |
0.336 |
0.000 |
|
|
ESI Employer's and
Contribution |
0.256 |
0.207 |
0.209 |
|
|
Printing and Stationery
Expense |
0.242 |
0.236 |
0.140 |
|
|
Audit Fee |
0.190 |
0.105 |
0.105 |
|
|
Bonus Expense |
0.185 |
0.246 |
2.340 |
|
|
Miscellaneous Expense |
0.161 |
0.000 |
0.000 |
|
|
Water expense |
0.155 |
0.120 |
0.057 |
|
|
Other Expense |
0.328 |
0.978 |
3.024 |
|
|
TOTAL |
581.556 |
430.260 |
425.372 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
49.918 |
36.943 |
29.387 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
12.376 |
8.995 |
6.530 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
37.542 |
27.948 |
22.857 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
23.693 |
15.503 |
10.754 |
|
|
|
|
|
|
|
|
NET PROFIT |
13.849 |
12.445 |
12.103 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
95.70 |
89.29 |
92.50 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.81 |
4.09 |
3.95 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
123.52 |
138.20 |
109.69 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.39 |
1.79 |
1.35 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.32 |
0.40 |
0.36 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.83 |
0.78 |
0.80 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
3.11 |
1.92 |
2.35 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.85 |
2.68 |
2.54 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
2.20 |
1.36 |
1.37 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
4.03 |
4.11 |
4.50 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT
/ Sales) * 100) |
% |
2.19 |
2.67 |
2.66 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
3.21 |
3.91 |
4.08 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
19.35 |
18.16 |
20.28 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.08 |
0.93 |
1.06 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.90 |
0.82 |
0.91 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.17 |
0.22 |
0.20 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
3.11 |
1.92 |
2.35 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.08 |
0.93 |
1.06 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Lacs]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Lacs |
INR In
Lacs |
INR
In Lacs |
|
Proprietor’s Capital Account |
59.666 |
68.542 |
71.580 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
59.666 |
68.542 |
71.580 |
|
|
|
|
|
|
Secured Loans |
85.373 |
66.188 |
156.161 |
|
Unsecured Loans |
54.900 |
65.170 |
66.279 |
|
Total
borrowings |
140.273 |
131.358 |
222.440 |
|
Debt/Equity
ratio |
2.351 |
1.916 |
3.108 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Lacs |
INR
In Lacs |
INR
In Lacs |
|
Sales |
454.252 |
465.867 |
631.444 |
|
|
|
2.557 |
35.542 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Lacs |
INR
In Lacs |
INR
In Lacs |
|
Sales |
454.252 |
465.867 |
631.444 |
|
Profit/ (Loss) |
12.103 |
12.445 |
13.849 |
|
|
2.66% |
2.67% |
2.19% |
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 |
Yes |
|
5 |
Buyer visit details |
Yes |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
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 |
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) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
No |
|
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 |
No |
|
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 |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Lacs) |
31.03.2016 (INR
in Lacs) |
|
Archana |
1.000 |
1.000 |
|
Diwan Goyal |
1.000 |
1.000 |
|
Jai Narain Singh |
1.900 |
1.900 |
|
Karan Singh |
0.500 |
0.500 |
|
K. S. Ahlawat |
1.500 |
1.500 |
|
Narendra Singh HUF |
9.000 |
9.000 |
|
Sarita Sanewal |
18.000 |
18.000 |
|
Shobha Dalal |
11.379 |
10.270 |
|
Sudesh / Alka |
10.000 |
10.000 |
|
Sudhir Dhakarwal |
1.500 |
1.500 |
|
Sulochna Sanewal |
6.000 |
6.000 |
|
Suman Ahlawat |
1.000 |
1.000 |
|
Sunita |
2.500 |
2.500 |
|
Vikas Hooda |
1.000 |
1.000 |
|
|
|
|
|
Total |
66.279 |
65.170 |
FIXED ASSETS
- Furniture
- Water Cooler
- Air
Conditioner
- Car
- Generator
- Plant and
Machinery
- Activa
- Computer
- Land and
Building
OBSERVATION FORM
|
COMPANY NAME: HI-TECH INDUSTRIES ADDRESS: PLOT NO. 96, I.D.C, HISSAR ROAD, ROHTAK – 124001, HARYANA, INDIA CONTACT NO: 91- 9812004340 EMAIL: hitechprecom@gmail.com PERSON TO WHOM WE
MET: MR. NARENDER
SINGH DESIGNATION: PROPRIETOR NAME BOARD: SIGHTED LOCATION: EASY LANDMARK (IF ANY): I.D.C CHOWK TOTAL FLOORS OF THE BUILDING: GROUND AND FIRST FLOOR SUBJECT SITUATED ON : WHOLE PREMISES BELONGS TO SUBJECT CONCERN. LOCALITY: INDUSTRIAL AREA OF PREMISES: 1000 SQ. FT. AREA: UPMARKET LEVEL OF OPERATIONS
: MEDIUM NO. OF EMPLOYEES SEEN AT PREMISES: 27 VISIBILITY OF
ITEMS: COMPUTERS AIR CONDITIONER OFFICE EQUIPMENT XEROX MACHINE FURNITURE ITEMS
SIGHTED: TABLE, CHAIR, SOFA SISTER CONCERN (OTHER
NAMES ON NAME BOARD) : NO NEIGHBOUR’S
INTERVIEW NAME OF COMPANY
: GANESH ENN IND CONTACT PERSON NAME : MR.
AMIT KUMAR NEIGHBOUR’S OVERVIEW : HE CONFIRMED THE EXISTENCE OF THE SUBJECT ON THE SAID ADDRESS. NAME OF COMPANY
: SHAKTI FASTNER CONTACT
PERSON NAME : MR. PARAS AHUJA NEIGHBOUR’S OVERVIEW : HE CONFIRMED THE EXISTENCE OF THE SUBJECT ON THE SAID ADDRESS. PROOF OF VISIT: PHOTOGRAPH /
VISITING CARD PHOTOGRAPHS : EXTERIOR WITH
NAME BOARD / INTERIOR / SHOP FLOOR / STOCK ETC.
|
PICTURES
]
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 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 (as on ______
(date of report) :
No press reports / filings exists on
the subject.
INFORMATION DETAILS
|
Information
Gathered by : |
TRP |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.