|
|
|
MIRA INFORM REPORT
|
Report No. : |
485406 |
|
Report Date : |
13.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
NGK TRADING COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-340, New Sabzi Mandi, Azadpur, Delhi – 110033, India |
|
Tel. No.: |
91-124-4059105 |
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|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
28.03.2008 |
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|
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Com. Reg. No.: |
55-175959 |
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Capital
Investment / Paid-up Capital : |
INR 1.975 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51109DL2008PTC175959 |
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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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GSTIN : |
Not Divulged |
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|
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PAN No.: [Permanent Account No.] |
AACCN7292C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader and Importer of Vegetable and Fruits. (Registered activity and also
Confirmed by management) |
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|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Maximum Credit Limit : |
USD 60000 |
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|
|
Status : |
Small Company |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small company incorporated in the year 2008. It is engaged in the business of trading and importing of vegetables
and fruits. Management of the company has not filed its financials of 2017 with
government department. For the financial year 2016, the company has reported modest scale of
operations but maintained healthy profitability margin of 27.05%. Further, rating remains constrained on account of small scale of
business operation, risk associated with trading nature of business operations
and intense competition from organized and unorganized players in the
industry. However, rating weakness is partially offset by capable financial base
along adequate networth base and negligible debt balance sheet. Trade relations are reported as fair. Payments are slow but correct. The company can be considered for business dealings with some caution.
|
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 13.01.2018
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 (GENERAL INFORMATION)
|
Name : |
Ms. Ritu Singh |
|
Designation : |
Accountant |
|
Contact No.: |
91-124-44059105 |
|
Date : |
11.08.2018 |
LOCATIONS
|
Registered Office : |
A-340, New Sabzi Mandi, Azadpur, Delhi – 110033, India |
|
Tel. No.: |
91-124-4059105 |
|
Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office : |
B-1/03, Palm Grove Villas, Ardee City, Sector – 52, Gurugram – 122011,
Haryana, India |
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|
|
|
Operational Office : |
A-505, City Mall, Plot – 4, Sector – 19, Vashi Turbhe Main Road,
Vashi, Navi Mumbai – 400705, Maharashtra, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Naresh Khosla |
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|
Designation : |
Director |
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Address : |
B-1/03 , Palm Grove Villas Ardee City, Sector 52, Gurugram – 122002,
Haryana,
India |
||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
11.10.1944 |
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Date of Appointment : |
27.03.2008 |
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DIN No.: |
01027875 |
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Other Directorship:
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||||||||||||||||||||||||||||||||
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Name : |
Mr. Gagan Kumar Khosla |
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Designation : |
Director |
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Address : |
B-1/03 , Palm Grove Villas Ardee City, Sector 52, Gurugram – 122002,
Haryana,
India |
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Date of Birth/Age : |
06.07.1970 |
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Date of Appointment : |
27.03.2008 |
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DIN No.: |
01442325 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Ms. Ritu Singh |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Shareholders |
No. of Shares |
%age |
|
Naresh Khosla |
1000 |
0.51 |
|
Gagan Kumar Khosla |
196500 |
99.49 |
|
Total |
197500 |
100.00 |
LIS OF ALLOTTEES
|
Names of Allottees |
|
No. of Shares |
|
NGK Fresh Trading Private Limited, India |
|
513500 |
|
Total |
|
513500 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Vegetable and Fruits. (Registered activity and
also Confirmed by management) |
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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 : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Remittance |
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Purchasing : |
Remittance |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users
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No. of Employees : |
20 (Approximately) |
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Bankers : |
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Auditors : |
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|
Name : |
Gireesh Bhalla and Company Chartered Accountants |
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Address : |
M-1, Ashoka Centre, E-4/15, Jhandewalan Extension, New Delhi – 110055, India |
|
Tel. No.: |
91-11-23556860 |
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Mobile No.: |
91-9811041215 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFG9340H |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises in which KMP’s or their relatives are interested : |
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CAPITAL STRUCTURE
After 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
850000 |
Equity Shares |
INR 10/- each |
INR 8.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
711000 |
Equity Shares |
INR 10/- each |
INR 7.110
Million |
|
|
|
|
|
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
INR 10/- each |
INR 3.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
197500 |
Equity Shares |
INR 10/- each |
INR 1.975
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1.975 |
1.975 |
1.975 |
|
(b) Reserves & Surplus |
18.971 |
17.378 |
16.317 |
|
(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) |
20.946 |
19.353 |
18.292 |
|
|
|
|
|
|
(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 |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.100 |
0.100 |
0.100 |
|
(b) Trade payables |
4.354 |
0.000 |
0.000 |
|
(c) Other current liabilities |
0.183 |
0.032 |
0.020 |
|
(d) Short-term provisions |
0.719 |
0.478 |
0.540 |
|
Total
Current Liabilities (4) |
5.356 |
0.610 |
0.660 |
|
|
|
|
|
|
TOTAL |
26.302 |
19.963 |
18.952 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
0.008 |
0.000 |
0.000 |
|
(ii) Intangible Assets |
0.009 |
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) |
0.004 |
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 |
0.021 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
4.646 |
0.000 |
0.000 |
|
(c) Trade receivables |
4.743 |
0.000 |
0.000 |
|
(d) Cash and cash equivalents |
16.524 |
19.468 |
11.791 |
|
(e) Short-term loans and
advances |
0.014 |
0.000 |
0.000 |
|
(f) Other current assets |
0.354 |
0.495 |
7.161 |
|
Total
Current Assets |
26.281 |
19.963 |
18.952 |
|
|
|
|
|
|
TOTAL |
26.302 |
19.963 |
18.952 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
4.743 |
0.000 |
1.748 |
|
|
Other Income |
1.142 |
1.598 |
0.000 |
|
|
TOTAL
|
5.885 |
1.598 |
1.748 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
4.585 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(4.646) |
0.000 |
0.000 |
|
|
Employees benefits expense |
0.026 |
0.000 |
0.000 |
|
|
Other expenses |
3.577 |
0.050 |
0.100 |
|
|
TOTAL |
3.542 |
0.050 |
0.100 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
2.343 |
1.548 |
1.648 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.011 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
2.332 |
1.548 |
1.648 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
0.021 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
2.311 |
1.548 |
1.648 |
|
|
|
|
|
|
|
Less |
TAX |
0.719 |
0.486 |
0.567 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
1.592 |
1.062 |
1.081 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4.254 |
3.192 |
2.111 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
5.846 |
4.254 |
3.192 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
4.743 |
0.000 |
0.000 |
|
|
TOTAL
EARNINGS |
4.743 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
8.06 |
5.38 |
5.47 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Total Income * 365 Days) |
294.17 |
0.00 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Total Income /
Sundry Debtors) |
1.24 |
0.00 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
346.61 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.50 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
137.82 |
0.00 |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.20 |
0.03 |
0.03 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.01 |
0.01 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.26 |
0.03 |
0.04 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
213.00 |
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Total
Income) * 100) |
% |
27.05 |
66.46 |
61.84 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
6.05 |
5.32 |
5.70 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
7.60 |
5.49 |
5.91 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
4.91 |
32.73 |
28.72 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
4.04 |
32.73 |
28.72 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.80 |
0.97 |
0.97 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.05 |
0.05 |
0.05 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
4.91 |
32.73 |
28.72 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
1.975 |
1.975 |
1.975 |
|
Reserves & Surplus |
16.317 |
17.378 |
18.971 |
|
Net
worth |
18.292 |
19.353 |
20.946 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.000 |
|
Short Term borrowings |
0.100 |
0.100 |
0.100 |
|
Total
borrowings |
0.100 |
0.100 |
0.100 |
|
Debt/Equity
ratio |
0.005 |
0.005 |
0.005 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Total
Income |
1.748 |
1.598 |
5.885 |
|
|
|
(8.581) |
268.273 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Total
Income |
1.748 |
1.598 |
5.885 |
|
Profit |
1.081 |
1.062 |
1.592 |
|
|
61.84% |
66.46% |
27.05% |
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 |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE
INFORMATION:
Subject was incorporated on 27.03.2008 to carry on the business as
traders, buyers, sellers, exporter, importers, distributors, processors,
agents, stockists, commission agents, dealers, representative of foreign
companies in India or abroad and consultants of all any kind of products, goods
and items including but not limited to household, domestic, forest and food
products and services, consumer goods, consumer durables and other consumer
necessities of every kind make and sorts operations industry in India. The
company is closely held, with directors and their directors and their relatives
holding majority of the issued share capital of the company.
The accompanying financial statement reflects the results of the
activities undertaken by the company during the year ended March 31, 2016.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Other loans and
advances from director and shareholders : |
|
|
|
Gagan Kumar Khosla |
0.090 |
0.090 |
|
Naresh Khosla |
0.010 |
0.010 |
|
Total |
0.100 |
0.100 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G43391606 |
100096163 |
22/12/2016 |
- |
- |
5000000.0 |
27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India |
|
|
2 |
G48099741 |
100108228 |
19/09/2016 |
21/06/2017 |
- |
162500000.0 |
27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India |
|
|
3 |
G42538215 |
100094020 |
03/08/2016 |
- |
- |
4400000.0 |
27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India |
|
|
4 |
G48284780 |
10619778 |
12/02/2016 |
- |
06/07/2017 |
28600000.0 |
25, Barakhamba Road, New Delhi – 110001, India |
FIXED ASSETS
Tangible Assets
- Computer
Intangible Assets
- Computer Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No 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 63.73 |
|
|
1 |
INR 86.01 |
|
Euro |
1 |
INR 76.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
SWT |
|
|
|
|
Analysis Done by
: |
PRD |
|
|
|
|
Report Prepared
by : |
SUJ |
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.