|
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|
MIRA INFORM REPORT
|
Report No. : |
483912 |
|
Report Date : |
15.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
UMENDRA EXPORTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1102, Devika Tower, 6 Nehru Place, New Delhi – 110019 |
|
Tel. No.: |
91-11-26234510/11 |
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|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
04.08.1995 |
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|
|
|
Com. Reg. No.: |
55-071444 |
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|
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Capital
Investment / Paid-up Capital : |
INR 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1995PTC071444 |
|
|
|
|
IEC No.: |
0596056494 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACU0970G |
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GSTIN/UIN : |
07AAACU0970G1ZH |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
·
Manufacturer and Exporter of personal care
products and medical disposables like shampoo, toothpaste, surgical gloves, after
shower powder, etc. and also provides related consultancy services.
(Confirmed by management) ·
Wholesale and Trading of Cosmetics and household
products. (Registered Activity) ·
The main object to carry on business of purchasers,
renters, exporters, importers, distributors, processors, agents, stockiest,
commission agents, dealers of goods and services, financial consultants,
management and investment consultants and advice, advice services consultancy
in various fields, etc. (Registered Activity) |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 31100 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1995 and it
is having satisfactory track. For the financial year 2017, the company has increased in its revenue
from operation and maintained decent profitability margin of 2.20%. Rating takes into consideration sound financial profile of the company
marked by adequate networth base and average debt balance sheet. Further, rating also reflects company’s long standing track records
along with improvement in the profitability profile during the year. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and condition. |
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
|
Name : |
Mr. Roshan Chile |
|
Designation : |
Assistant General Manager (Export) |
|
Contact No.: |
91-7042538811 |
|
Date : |
10.01.2018 |
LOCATIONS
|
Registered Office/
Branch Office: |
1102, Devika Tower, 6 Nehru Place, New Delhi – 110019, India |
|
Tel. No.: |
91-11-26234510/11 |
|
Mobile No.: |
91-7042538811 (Mr. Roshan Chile) |
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Fax No.: |
91-11-41606263 |
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E-Mail : |
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|
Website : |
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Area : |
6000 Sq. ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
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|
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Factory : |
Near Electric Sub Station, Odhav Road, Odhav, Ahmedabad, Gujarat - 382415, India |
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Branch Office: |
Located at: · Mumbai |
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|
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EU Representative
Office : |
Wilhelm, Leuschner, Str.15, 64347 Griesheim, Germany |
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Contact No.: |
+49 17634398127 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Sumit Devendra Rajani |
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|
Designation : |
Director |
||||||||
|
Address : |
E – 302, Sarita Vihar, New Delhi – 110044, India |
||||||||
|
Date of Appointment : |
04.08.1995 |
||||||||
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DIN No.: |
00339561 |
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Other Directorship:
|
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|
||||||||
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Name : |
Mr. Sandeep Devendra Rajani |
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Designation : |
Director |
||||||||
|
Address : |
E-302, Sarita Vihar, New Delhi - 110044, India |
||||||||
|
Date of Appointment : |
04.08.1995 |
||||||||
|
DIN No.: |
00339636 |
||||||||
KEY EXECUTIVES
|
Name : |
Mr. Roshan Chile |
|
Designation : |
Assistant General Manager (Export) |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
Age% |
|
Sumit Devendra Rajani |
97000 |
97.00 |
|
Sandeep Devendra Rajani |
3000 |
3.00 |
|
Total |
100000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 10.07.2017
|
Category |
Percentage |
|
Promoters
(Individual/ Hindu Undivided Family-Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
·
Manufacturer and Exporter of personal care
products and medical disposables like shampoo, toothpaste, surgical gloves,
after shower powder, etc. and also provides related consultancy services. (Confirmed
by management) ·
Wholesale and Trading of Cosmetics and household
products. (Registered Activity) ·
The main object to carry on business of
purchasers, renters, exporters, importers, distributors, processors, agents,
stockiest, commission agents, dealers of goods and services, financial
consultants, management and investment consultants and advice, advice
services consultancy in various fields, etc. (Registered Activity) |
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Products/ Services : |
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Brand Names : |
·
DR. SMARTH ·
SMARTH |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished goods |
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Countries : |
·
Australia ·
United State of America |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Advance Payment/ Depend on customer |
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Purchasing : |
Advance Payment/ Depend on customer |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers
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No. of Employees : |
150 (Approximately) |
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Bankers : |
·
ICICI Bank Limited ·
Bank of Baroda |
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Facilities : |
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Auditors : |
|
|
Name : |
S.S. Periwal and Company Chartered Accountants |
|
Address : |
J-45, Basement, Vikas Puri, Opposite Mother Dairy, Outer Ring Road,
Pillor No.9, New Delhi-110018, India |
|
Contact No: |
91-11-43709400/ 43702327 |
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Mobile No: |
91-9810735454 |
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Email: |
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Income-tax
PAN of auditor or auditor's firm : |
AAJFS5252M |
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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 10.07.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000000 |
Equity Shares |
INR 1/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
INR 1/- each |
INR 0.100
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.100 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
10.794 |
7.882 |
5.671 |
|
(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) |
10.894 |
7.982 |
5.771 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
1.299 |
1.007 |
1.818 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.013 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
0.519 |
0.429 |
0.000 |
|
Total Non-current
Liabilities (3) |
1.818 |
1.436 |
1.831 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
15.771 |
14.112 |
17.504 |
|
(b) Trade
payables |
16.470 |
11.244 |
11.072 |
|
(c) Other
current liabilities |
10.524 |
5.125 |
3.982 |
|
(d) Short-term
provisions |
1.325 |
1.178 |
1.280 |
|
Total Current
Liabilities (4) |
44.090 |
31.659 |
33.838 |
|
|
|
|
|
|
TOTAL |
56.802 |
41.077 |
41.440 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
10.336 |
8.336 |
9.403 |
|
(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) |
0.306 |
0.159 |
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 |
10.642 |
8.495 |
9.403 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
6.608 |
0.281 |
0.000 |
|
(c) Trade
receivables |
16.605 |
11.665 |
12.733 |
|
(d) Cash
and cash equivalents |
18.886 |
17.593 |
17.030 |
|
(e)
Short-term loans and advances |
3.837 |
2.707 |
0.421 |
|
(f) Other
current assets |
0.224 |
0.336 |
1.853 |
|
Total
Current Assets |
46.160 |
32.582 |
32.037 |
|
|
|
|
|
|
TOTAL |
56.802 |
41.077 |
41.440 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Other Income |
132.118 |
99.596 |
120.841 |
|
|
Other operating revenues |
3.068 |
3.787 |
3.081 |
|
|
TOTAL |
135.186 |
103.383 |
123.922 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Goods Sold |
107.261 |
69.489 |
79.725 |
|
|
Changes in inventories of stock-in-trade |
(6.327) |
(0.281) |
0.265 |
|
|
Employees benefits
expense |
14.314 |
13.775 |
12.054 |
|
|
Other expenses |
13.039 |
14.610 |
26.250 |
|
|
TOTAL |
128.287 |
97.593 |
118.294 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
6.899 |
5.790 |
5.628 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
1.053 |
1.030 |
0.440 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
5.846 |
4.760 |
5.188 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.756 |
1.543 |
1.185 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
4.090 |
3.217 |
4.003 |
|
|
|
|
|
|
|
Less |
TAX |
1.178 |
1.007 |
1.327 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
2.912 |
2.210 |
2.676 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
128.607 |
100.820 |
110.272 |
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
29.12 |
22.10 |
26.76 |
|
|
Diluted |
29.12 |
22.10 |
26.76 |
Expected Sales (2017-2018): INR 250.000 million (Due to Business
growth)
The above information parted by Mr. Roshan Chile [Assistant General
Manager (Export)]
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
6.370 |
3.250 |
23.151 |
|
Net cash flow from operating activity |
5.045 |
2.072 |
21.826 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
45.87 |
42.75 |
38.46 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
7.96 |
8.54 |
9.49 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
56.05 |
59.06 |
50.69 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.04 |
20.60 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.67 |
0.69 |
0.60 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
1.00 |
0.92 |
1.95 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.61 |
2.56 |
11.14 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
4.05 |
3.97 |
5.86 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.95 |
1.04 |
1.63 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
6.55 |
5.62 |
12.79 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
2.20 |
2.22 |
2.21 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
5.13 |
5.38 |
6.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
26.73 |
27.69 |
46.37 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.05 |
1.03 |
0.95 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.90 |
1.02 |
0.95 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.19 |
0.19 |
0.14 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
284.85 |
204.41 |
642.99 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.05 |
1.03 |
0.95 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
5.671 |
7.882 |
10.794 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
5.771 |
7.982 |
10.894 |
|
|
|
|
|
|
long-term borrowings |
1.818 |
1.007 |
1.299 |
|
Short term borrowings |
17.504 |
14.112 |
15.771 |
|
Total borrowings |
19.322 |
15.119 |
17.070 |
|
Debt/Equity ratio |
3.348 |
1.894 |
1.567 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
120.841 |
99.596 |
132.118 |
|
|
|
(17.581) |
32.654 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
120.841 |
99.596 |
132.118 |
|
Profit/(Loss) |
2.676 |
2.210 |
2.912 |
|
|
2.21% |
2.22% |
2.20% |
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 |
No |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
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 one 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 |
THE CORPORATE
INFORMATION:
The company has been incorporated on 4th August 1995 with the
main object to carry on business of purchasers, renters, exporters, importers,
distributors, processors, agents, stockiest, commission agents, dealers of
goods and services, financial consultants, management and investment
consultants and advice, advice services consultancy in various fields, etc.
BUSINESS AND
FINANCIAL PERFORMANCE REVIEW:
The company earned a net Profit after tax of INR 2.912 million in the current
financial year as compared to a profit of INR 2.210 million in the previous
financial year. Their directors are hopeful that the performance of the company
will improve in the near future.
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G10116473 |
10559543 |
29.01.2015 |
17.02.2016 |
- |
35000000.0 |
9th Floor, Nehru Centre, Discovery Of India, Dr. Annie Besant Road, Worli, Mumbai - 400018, India, Maharashtra |
FIXED ASSETS
·
Computer
·
Furniture and Fixtures
·
Vehicles
·
Building
·
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 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 :
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 : |
AKS |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
PVG |
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.