|
|
|
MIRA INFORM REPORT
|
Report No. : |
485327 |
|
Report Date : |
15.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
PATSON MACHINES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
`SNEH`, C-11, Erandwane Society, S. No.14/5, Erandwane, Near Meenal
Garden, Pune – 411004, Maharashtra |
|
Tel. No.: |
91-20-25442913 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
23.03.2006 |
|
|
|
|
Com. Reg. No.: |
11-022214 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 6.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299PN2006PTC022214 |
|
|
|
|
IEC No.: |
3106015454 |
|
|
|
|
CST/ TIN No.: |
27130576105 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECP0052E |
|
|
|
|
GSTIN/UIN : |
27AAECP0052E1ZV |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing, Marketing, Exporting and Importing of Machines
Equipments like tapping machines,
PLC and CNC special purpose machines etc.
(Registered Activity and also Confirmed by management) |
|
|
|
|
No. of Employees
: |
40 (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 15000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Patson Machines Private Limited was incorporated in the year 2006. It
is a manufacturing, marketing, exporting and importing of machines equipments
like tapping machines, PLC and
CNC special purpose machines etc. Management has failed to file its financials with Registrar of
Companies for the FY 2017. As per the available financial record of 2016, the company has
achieved 68.71% growth in its revenue as compared to previous year revenue
but has reported low profit margin of 0.18%. The moderate financial profile of the company is marked by negative
reserve base along with negligible debt level. Rating is constrained on account of absence of latest financials. Payments are reported to be slow. 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
|
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 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
|
Name : |
Ms. Vidya Vidhankar |
|
Designation : |
Accountant |
|
Contact No.: |
91-20-25442913 |
|
Date : |
13.01.2018 |
LOCATIONS
|
Registered Office : |
`SNEH`, C-11, Erandwane Society, S. No.14/5, Erandwane, Near Meenal
Garden, Pune – 411004, Maharashtra, India |
|
Tel. No.: |
91-20-25442913/ 25292830 |
|
Fax No.: |
91-20-25410836/ 25442913 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1000 Sq. ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory Office : |
Shop No. H3, Survey No. 77/ 1+2+3, Vishnu, Malati indestate, Village,
Shivane, Pune – 411023, Maharashtra, India |
|
Area : |
2000 Sq. Ft. |
|
Location : |
Rented |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Shridhar Narayan Patwardhan |
|
Designation : |
Director |
|
Address : |
C – 11, S.NP 14/ 5, Erandwane, Pune – 411004, Maharashtra, India |
|
Date of Birth/Age : |
15.12.1947 |
|
Date of Appointment : |
23.03.2006 |
|
DIN No.: |
00564973 |
|
|
|
|
Name : |
Mr. Amit Shridhar Patwardhan |
|
Designation : |
Director |
|
Address : |
C – 11, S.NP 14/ 5, Erandwane, Pune – 411004, Maharashtra, India |
|
Date of Birth/Age : |
31.12.1976 |
|
Date of Appointment : |
23.03.2006 |
|
DIN No.: |
00565078 |
KEY EXECUTIVES
|
Name : |
Ms. Vidya Vidhankar |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Shridhar Narayan Patwardhan |
|
446000 |
|
Amit Shridhar Patwardhan |
|
4000 |
|
Total |
|
450000 |
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
Shridhar Narayan Patwardhan |
|
150000 |
|
Total |
|
150000 |
As on 31.03.2017
|
Names of Allottee (Preference Shares) |
|
No. of Shares |
|
Shridhar Narayan Patwardhan |
|
200000 |
|
Total |
|
200000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, Marketing, Exporting and Importing of Machines
Equipments like tapping machines,
PLC and CNC special purpose machines etc.
(Registered Activity and also Confirmed by management) |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Machinery |
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Countries : |
Canada |
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Imports : |
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Products : |
Tapping machines, PLC and CNC special
purpose machines etc. |
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Countries : |
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Terms : |
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Selling : |
Cheque and Others (NEFT) |
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Purchasing : |
Cheque and Others (NEFT) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers and Manufacturers
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No. of Employees : |
40 (Approximately) |
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Bankers : |
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Facilities : |
|
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Auditors : |
|
|
Name : |
S.A. Limaye and Company Chartered Accountants |
|
Address : |
Flat No 9, Smruti Co-Operative Housing Society, Prabhat Road Lane – 1,
33/38 Erandawane, Pune - 411004, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ABGFS8004D |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Other Related Party : |
Exceltech Address : 'SNEH', C-11, Erandwane Society, 14/5, Erandwane, Near Meenal Garden, Pune - 411004, Maharashtra, India Line of Business: Service provider of machines. |
CAPITAL STRUCTURE
After 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
450000 |
Equity Shares |
INR 10/- each |
INR 4.500 Million |
|
350000 |
Preference Shares |
INR 10/- each |
INR 3.500 Million |
|
|
Total
|
|
INR 8.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
450000 |
Equity Shares |
INR 10/- each |
INR 4.500 Million |
|
350000 |
Preference Shares |
INR 10/- each |
INR 3.500 Million |
|
|
Total
|
|
INR 8.000
Million |
As on 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
450000 |
Equity Shares |
INR 10/- each |
INR 4.500 Million |
|
150000 |
Preference Shares |
INR 10/- each |
INR 1.500 Million |
|
|
Total
|
|
INR 6.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
450000 |
Equity Shares |
INR 10/- each |
INR 4.500 Million |
|
150000 |
Preference Shares |
INR 10/- each |
INR 1.500 Million |
|
|
Total
|
|
INR 6.000
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 |
6.000 |
6.000 |
5.000 |
|
(b) Reserves & Surplus |
(0.746) |
(0.861) |
(1.058) |
|
(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) |
5.254 |
5.139 |
3.942 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.969 |
1.472 |
0.989 |
|
(b) Deferred tax liabilities (Net) |
0.417 |
-0.059 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
0.665 |
0.490 |
3.163 |
|
Total Non-current
Liabilities (3) |
2.051 |
1.903 |
4.152 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
3.573 |
8.208 |
3.690 |
|
(b) Trade
payables |
4.702 |
5.187 |
7.621 |
|
(c) Other
current liabilities |
6.650 |
14.439 |
3.855 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
14.925 |
27.834 |
15.166 |
|
|
|
|
|
|
TOTAL |
22.230 |
34.876 |
23.260 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1.413 |
1.501 |
1.510 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.423 |
|
(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 |
0.059 |
|
(d)
Long-term Loan and Advances |
0.000 |
0.024 |
0.103 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1.413 |
1.525 |
2.095 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
14.608 |
20.374 |
10.660 |
|
(c) Trade
receivables |
4.756 |
11.817 |
10.123 |
|
(d) Cash
and cash equivalents |
0.610 |
0.503 |
0.281 |
|
(e)
Short-term loans and advances |
0.052 |
0.007 |
0.014 |
|
(f) Other
current assets |
0.791 |
0.650 |
0.087 |
|
Total
Current Assets |
20.817 |
33.351 |
21.165 |
|
|
|
|
|
|
TOTAL |
22.230 |
34.876 |
23.260 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
62.961 |
37.319 |
32.238 |
|
|
Other Income |
0.200 |
0.273 |
0.000 |
|
|
TOTAL |
63.161 |
37.592 |
32.238 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
34.380 |
27.004 |
19.643 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Marketing and Logistics |
3.080 |
2.601 |
1.981 |
|
|
Power and Fuel |
0.210 |
0.058 |
0.269 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
5.600 |
(9.601) |
(3.763) |
|
|
Employees benefits
expense |
14.697 |
12.743 |
10.342 |
|
|
Other expenses |
3.349 |
2.450 |
0.940 |
|
|
TOTAL |
61.316 |
35.255 |
29.412 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
1.845 |
2.337 |
2.826 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.575 |
0.688 |
0.620 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
1.270 |
1.649 |
2.206 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION
|
0.379 |
1.423 |
0.578 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
0.891 |
0.226 |
1.628 |
|
|
|
|
|
|
|
Less |
TAX |
0.776 |
0.030 |
0.120 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
0.115 |
0.196 |
1.508 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Compressor, Spares and
Consumables |
0.230 |
0.133 |
0.133 |
|
|
TOTAL IMPORTS |
0.230 |
0.133 |
0.133 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.26 |
0.44 |
4.31 |
|
Particulars |
|
|
31.03.2017 |
|
Sales Turnover (Approximately) |
|
|
65.000 |
|
|
|
|
|
Expected Sales (2017-2018) : INR 70.000 Million (Due to business growth)
The above information has been parted by Ms. Vidya Vidhankar
(Accountant)
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 |
6.885 |
(4.150) |
0.616 |
|
Net cash flow from operating activity |
6.585 |
(4.180) |
0.496 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
27.57 |
115.58 |
114.61 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
13.24 |
3.16 |
3.18 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
49.92 |
70.11 |
141.61 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.13 |
0.11 |
0.27 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.31 |
1.56 |
1.46 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.71 |
0.84 |
0.69 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.86 |
1.88 |
1.19 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.84 |
5.42 |
3.85 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.27 |
0.29 |
0.49 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.21 |
3.40 |
4.56 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
0.18 |
0.53 |
4.68 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.52 |
0.56 |
6.48 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
2.19 |
3.81 |
38.25 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.39 |
1.20 |
1.40 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.42 |
0.47 |
0.69 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.24 |
0.15 |
0.17 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.76 |
1.61 |
0.94 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.39 |
1.20 |
1.40 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
5.000 |
6.000 |
6.000 |
|
Reserves & Surplus |
(1.058) |
(0.861) |
(0.746) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
3.942 |
5.139 |
5.254 |
|
|
|
|
|
|
long-term borrowings |
0.989 |
1.472 |
0.969 |
|
Short term borrowings |
3.690 |
8.208 |
3.573 |
|
Total borrowings |
4.679 |
9.680 |
4.542 |
|
Debt/Equity ratio |
1.187 |
1.884 |
0.864 |
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 |
32.238 |
37.319 |
62.961 |
|
|
|
15.761 |
68.710 |
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 |
32.238 |
37.319 |
62.961 |
|
Profit/(Loss) |
1.508 |
0.196 |
0.115 |
|
|
4.68% |
0.53% |
0.18% |
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 |
No |
|
26 |
Turnover of firm for last four years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
COMPANY OVERVIEW (As
on 31.03.2016)
It is a company incorporated under the company act, 1956.
The company is primarily engaged in the manufacture and marketing of
special purpose machines.
OPERATIONS OF THE
COMPANY (As on 31.03.2016)
Revenue of the company is increased from INR 37.592 Million to INR
63.161 Million. However due to increased expenses and overheads, the profits is
reduced from INR 0.196 Million to INR 0.115 Million.
INDEX
OF CHARGES
|
Charges Registered |
|||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Amount |
Address |
|
1 |
G22835532 |
100060818 |
SHREE SHARADA SAHAKARI BANK LIMITED |
30/09/2016 |
- |
2800000.0 |
PARVATI PLAZA , 47/1/A, TAWARE COLONY,PLOT NO. 11A, RAMBHAU MHALGI PATH, PUNE PUNE MAHARASHTRA 411009 INDIA |
|
2 |
G43008366 |
10090124 |
State Bank of India |
29/02/2008 |
26/04/2017 |
19966000.0 |
Commercial Branch SMECCC Tilak Road Pune MAHARASHTRA 411030 INDIA |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
Contingent liabilities not provided for: |
|
|
|
The bank guarantees given in favour of customers |
0.515 |
0.515 |
FIXED ASSETS
Tangible Assets
- Furniture and Fixtures
- Office Equipments
- Vehicle
- Machinery
- Computer System
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 63.52 |
|
|
1 |
INR 86.05 |
|
Euro |
1 |
INR 76.53 |
INFORMATION DETAILS
|
Information Gathered
by : |
AKS |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
SUD |
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 |
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.