|
|
|
MIRA INFORM REPORT
|
Report No. : |
485333 |
|
Report Date : |
15.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
APEX SHEARS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
132/134, S.V.P. Road, Dongri, Sandhurst Road West, Mumbai – 400009,
Maharashtra |
|
Tel. No.: |
91-22-23790851 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
05.05.2009 |
|
|
|
|
Com. Reg. No.: |
11-192211 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 3.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28112MH2009PTC192211 |
|
|
|
|
IEC No.: |
0309039096 |
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|
|
|
GSTIN : |
05AAHCA7963J1ZC |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAHCA7963J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacture,
import and export shears, cutters, slitting cutters, allied tools and cutting
tools, knives of all types, blades, tool bits, press tools machinery,
circular saws, segmental saws, handsaws, hacksaws, tube mill tools.
[Registered activity and also confirmed by management] |
|
|
|
|
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 11000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company incorporated in the year 2009. It is
having satisfactory track record. Management has failed to file its financials with the Registrar of
Companies for the FY 2017. For the financial year ended 2016, the company has achieved revenue
growth of 29.24% as compared to the previous year along with an average
profit margin of 3.52%. The moderate financial risk profile of the company is marked by low
but improving reserve base along with average debt balance sheet profile. Business is active. Payments are slow but correct. In view of aforesaid, 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
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 15.01.2018.
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 DETAILS)
|
Name : |
Ms. Dhanshree Nikte |
|
Designation : |
Director |
|
Contact No.: |
91-22-23790851 |
|
Date : |
13.01.2018 |
Tel. No.: 91-135-2641810 (Not exist)
LOCATIONS
|
Registered Office : |
132/134, S.V.P. Road, Dongri, Sandhurst Road West, Mumbai – 400009, Maharashtra,
India |
|
Tel. No.: |
91-22-23790851 / 23791113 |
|
Mobile No.: |
Not Available |
|
Fax No.: |
91-22-23737707 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory 1 : |
M-22, Mohabewala, Industrial Area – Saharanpur Road, Dehradun-248001,
Uttarakhand, India |
|
Tel. No.: |
91-135-2641703 |
|
Fax No.: |
91-135-2641703 |
|
|
|
|
Factory 2 : |
J-23, MIDC, Industrial Area, Hingana Road, Nagpur-480016, Maharashtra,
India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Mohit Rajkumar Agarwal |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
133, Maker Tower B, Cuffe Parade, Mumbai-400005, Maharashtra, India |
||||||||||||||||||||||||
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Date of Birth/Age : |
07.04.1971 |
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Date of Appointment : |
05.05.2009 |
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DIN No.: |
00009611 |
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Other Directorship:
|
|||||||||||||||||||||||||
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|
||||||||||||||||||||||||
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Name : |
Mr. Shrawan Rajkumar Agarwal |
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|
Designation : |
Director |
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|
Address : |
133, Maker Tower B, Cuffe Parade, Mumbai-400005, Maharashtra, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
13.09.1974 |
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Date of Appointment : |
05.05.2009 |
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DIN No.: |
00009624 |
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Other Directorship:
|
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|
||||||||||||||||||||||||
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Name : |
Mr. Rajkumar Roshanlal Agarwal |
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|
Designation : |
Director |
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|
Address : |
133, Maker Tower B, Cuffe Parade, Mumbai-400005, Maharashtra, India |
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Date of Birth/Age : |
15.06.1940 |
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Date of Appointment : |
05.05.2009 |
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DIN No.: |
00009640 |
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Other Directorship:
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|
||||||||||||||||||||||||
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Name : |
Mrs. Veena Rajkumar Agarwal |
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|
Designation : |
Director |
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|
Address : |
133, Maker Tower B, Cuffe Parade, Mumbai-400005, Maharashtra, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
02.10.1946 |
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Date of Appointment : |
05.05.2009 |
||||||||||||||||||||||||
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DIN No.: |
00127359 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS
AS ON 30.09.2016
|
Names of Shareholders |
|
No. of Shares |
|
Rajkumar Roshanlal Agarwal |
|
54000 |
|
Mohit Rajkumar Agarwal |
|
78750 |
|
Shrawan Rajkumar Agarwal |
|
78750 |
|
Veena Rajkumar Agarwal |
|
88500 |
|
Total |
|
300000 |
AS ON 30.09.2016
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters - Individual/Hindu Undivided Family – Indian |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture,
import and export shears, cutters, slitting cutters, allied tools and cutting
tools, knives of all types, blades, tool bits, press tools machinery,
circular saws, segmental saws, handsaws, hacksaws, tube mill tools.
[Registered activity and also confirmed by management] |
||||
|
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|
||||
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Products / Services
: |
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||||
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|
||||
|
Brand Names : |
Not Available |
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|
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
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Countries : |
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Imports : |
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||||
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Products : |
Raw Material |
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Countries : |
China |
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|
||||
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Terms : |
|
||||
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Selling : |
Cheque and NEFT, RTGS |
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|
||||
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Purchasing : |
Cheque and NEFT, RTGS |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
20 (Approximately) |
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Bankers : |
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|
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Facilities : |
Hypothication of all current assets including all types of stocks, book debts and other current assets. Charge on all movable assets like Plant and Machinery. And personal Guarantee of Mr. Rajkumar Agarwal, Mrs. Beena Agarwal, Mr. Shrawan Agarwal and Mr. Mohit Agarwal. |
|
Auditors : |
|
|
Name : |
Khattak Kochhar and Company Chartered Accountants |
|
Address : |
41/1, Inder Road, Dehradun-248001, Uttaranchal, India |
|
PAN No.: |
AAMFK6007D |
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|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 30.09.2016
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 |
|
|
|
|
|
|
300000 |
Equity Shares |
INR 10/- each |
INR 3.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
3.000 |
3.000 |
3.000 |
|
(b) Reserves &
Surplus |
1.164 |
0.101 |
(0.572) |
|
(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) |
4.164 |
3.101 |
2.428 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
2.735 |
4.290 |
5.526 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.016 |
|
(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) |
2.735 |
4.290 |
5.542 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1.864 |
2.524 |
2.908 |
|
(b) Trade payables |
6.786 |
4.566 |
4.064 |
|
(c) Other current
liabilities |
3.810 |
4.386 |
2.743 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
12.460 |
11.476 |
9.715 |
|
|
|
|
|
|
TOTAL |
19.359 |
18.867 |
17.685 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
3.998 |
4.316 |
4.472 |
|
(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) |
0.145 |
0.081 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.156 |
0.156 |
0.151 |
|
Total Non-Current Assets |
4.299 |
4.553 |
4.623 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
8.465 |
8.612 |
5.898 |
|
(c) Trade receivables |
5.278 |
4.555 |
3.758 |
|
(d) Cash and cash
equivalents |
0.591 |
0.155 |
1.826 |
|
(e) Short-term loans and
advances |
0.575 |
0.743 |
1.313 |
|
(f) Other current assets |
0.151 |
0.249 |
0.267 |
|
Total Current Assets |
15.060 |
14.314 |
13.062 |
|
|
|
|
|
|
TOTAL |
19.359 |
18.867 |
17.685 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
30.148 |
23.327 |
22.650 |
|
|
Other Income |
0.322 |
0.210 |
0.061 |
|
|
TOTAL |
30.470 |
23.537 |
22.711 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
19.122 |
10.872 |
11.990 |
|
|
Purchases of
Stock-in-Trade |
0.497 |
1.967 |
1.185 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(0.452) |
(0.976) |
(0.470) |
|
|
Employees benefits expense |
5.532 |
4.836 |
3.415 |
|
|
Extraordinary items |
0.000 |
0.182 |
0.159 |
|
|
Other expenses |
2.948 |
4.126 |
4.166 |
|
|
TOTAL |
27.647 |
21.007 |
20.445 |
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION
|
2.823 |
2.530 |
2.266 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.603 |
0.678 |
0.785 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
2.220 |
1.852 |
1.481 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.987 |
1.097 |
0.808 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
1.233 |
0.755 |
0.673 |
|
|
|
|
|
|
|
Less |
TAX |
0.171 |
0.082 |
0.016 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
1.062 |
0.673 |
0.657 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
3.54 |
2.24 |
2.19 |
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 (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors
/ Income * 365) |
63.90 |
71.27 |
60.56 |
|
|
|
|
|
|
Account Receivables Turnover (Income /
Sunday Debtors) |
5.71 |
5.12 |
6.03 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
126.25 |
129.81 |
112.59 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.33 |
0.29 |
0.38 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.71 |
0.59 |
0.51 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.78 |
0.84 |
0.86 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.10 |
2.20 |
3.47 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.99 |
3.70 |
4.00 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.96 |
1.39 |
1.84 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
4.68 |
3.73 |
2.89 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT
/ Sales) * 100] |
% |
3.52 |
2.89 |
2.90 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
5.49 |
3.57 |
3.72 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
25.50 |
21.70 |
27.06 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.21 |
1.25 |
1.34 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.53 |
0.50 |
0.74 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.22 |
0.16 |
0.14 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.53 |
2.27 |
2.81 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.21 |
1.25 |
1.34 |
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 |
3.000 |
3.000 |
3.000 |
|
Reserves & Surplus |
(0.572) |
0.101 |
1.164 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
2.428 |
3.101 |
4.164 |
|
|
|
|
|
|
Long-term borrowings |
5.526 |
4.290 |
2.735 |
|
Short term borrowings |
2.908 |
2.524 |
1.864 |
|
Total borrowings |
8.434 |
6.814 |
4.599 |
|
Debt/Equity ratio |
3.474 |
2.197 |
1.104 |
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) |
|
Sales |
22.650 |
23.327 |
30.148 |
|
|
|
2.989 |
29.241 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR In Million) |
(INR In Million) |
(INR In Million) |
|
Sales |
22.650 |
23.327 |
30.148 |
|
Profit/ (Loss) |
0.657 |
0.673 |
1.062 |
|
|
2.90% |
2.89% |
3.52% |
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 |
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 |
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 |
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 |
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 |
STATE
OF COMPANY’S AFFAIRS
During the year, the total Income of the Company was INR 30.470 Million against INR 23.537 Million in the previous year. The Company has earned a Profit after tax of INR 1.062 Million compared to Rs 0.673 Million in the previous year. The Directors are continuously looking for avenues for future growth of the Company.
UNSECURED LOANS:
|
PARTICULAR |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
Long-term
Borrowings |
|
|
|
From Directors |
NA |
2.935 |
|
Total |
NA |
2.935 |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Satisfaction |
Amount |
Address |
|
1 |
G28813459 |
100064543 |
Axis Bank Limited |
28/11/2016 |
- |
6000000.0 |
"Trishul', 3rd Floor, Opposite To Samartheshwar Temple, Law Garden, Ellis Bridge, Ahmedabad-380006, Gujarat, India |
|
2 |
G37617834 |
10188246 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
25/11/2009 |
13/02/2017 |
7500000.0 |
International Trade Centre, Second Floor, 59/4, Rajpur Road, Dehradun-248001, Uttarakhand, India |
FIXED ASSETS:
Tangible Assets:
- Electrical Fittings
- Equipments
- Furniture and Fixture
- Installation
- Plant and Machinery
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 63.53 |
|
|
1 |
INR 86.05 |
|
Euro |
1 |
INR 76.53 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKY |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
BHG |
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 |
YES |
|
--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.