|
|
|
MIRA INFORM REPORT
|
Report No. : |
484701 |
|
Report Date : |
16.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
MERLIN DENTIFRICES PRIVATE LIMITED (w.e.f. 15.02.2016) |
|
|
|
|
Formerly Known
As : |
ARAVALI
DENTIFRICES PRIVATE LIMITED (w.e.f. 15.09.2008) PRAFULL
DENTIFIRICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
22-25, Panorama, 2nd Floor, R C Dutt Road, Vadodara – 390005, Gujarat |
|
Tel. No.: |
91-265-2280237 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
12.03.1996 |
|
|
|
|
Com. Reg. No.: |
04-029037 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 6.944 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24240GJ1996PTC029037 |
|
|
|
|
IEC No.: |
3496000139 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCP7135P |
|
|
|
|
GSTIN/UIN : |
24AABCP7135P2Z2 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer of Toothbrush. (Registered Activity and also Confirmed by
management) |
|
|
|
|
No. of Employees
: |
100 (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 120000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1996. It is a manufacturer of
toothbrush. As per the financial of 2017, the company has achieved a massive
growth of 361.69% in its revenue as compared to the previous year’s revenue
and has earned an average profitability margin of 1.12%. The overall financial position of the company seems to be satisfactory
marked by adequate networth base along with acceptable liquidity position. Rating takes into consideration the company’s long established track
record. Business is active. Payments are reported to be usually correct. In view of aforesaid, 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
|
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 16.01.2018
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 : |
Mr. Dhaval Suthar |
|
Designation : |
Marketing Manager |
|
Contact No.: |
91-9727798047 |
|
Date : |
10.01.2018 |
LOCATIONS
|
Registered Office : |
22-25, Panorama, 2nd Floor, R C Dutt Road, Vadodara – 390005, Gujarat,
India |
|
Tel. No.: |
91-265-2280237/ 2352645 |
|
Mobile No.: |
91-9727798047 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Commercial |
|
|
|
|
Head Office/ Factory : |
C-2/20, BIDC, Gorwa, Vadodara – 390016, Gujarat, India |
|
|
|
|
Sales Office : |
Located at:
|
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Aswani Roy |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
3/45A, Mathura Road, Jangpura (B), New Delhi – 110014, India |
||||||||||||||||||||
|
Date of Appointment : |
13.07.2005 |
||||||||||||||||||||
|
DIN No.: |
00120487 |
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Other Directorship:
|
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|
||||||||||||||||||||
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Name : |
Mr. Prafull Dwarkadas Goradia |
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|
Designation : |
Director |
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Address : |
145, Sunder Nagar, Lodi Road, New Delhi – 110003, India |
||||||||||||||||||||
|
Date of Appointment : |
11.09.2012 |
||||||||||||||||||||
|
DIN No.: |
00322930 |
||||||||||||||||||||
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Other Directorship:
|
|||||||||||||||||||||
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|
|
||||||||||||||||||||
|
Name : |
Mr. Kanwar Sain Vaid |
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|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
119, Plot- 31, Sector-10 Suruchi Apartment, Dwarka, New Delhi – 110045, India |
||||||||||||||||||||
|
Date of Appointment : |
10.07.2008 |
||||||||||||||||||||
|
DIN No.: |
01031132 |
||||||||||||||||||||
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Other Directorship:
|
|||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Anirban Bose |
|
Designation : |
Manager |
|
Address : |
11-A, Vrajwadi Jetalpur Road, Vadodara – 390007, Gujarat, India |
|
Date of Appointment : |
15.03.2016 |
|
PAN No.: |
ABUPB6596M |
|
|
|
|
Name : |
Mr. Dhaval Suthar |
|
Designation : |
Marketing Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Blossom Sircar |
|
1050 |
|
Radha Sircar |
|
2450 |
|
Ankush Raisinghani |
|
1750 |
|
Subhashish Bhattacharjee |
|
10500 |
|
Sanjay Patel |
|
17500 |
|
Shabda Sharan Thakkar |
|
21000 |
|
Virendra Sha |
|
17500 |
|
Vinod Kumar Pandey |
|
17500 |
|
Sohini Bose |
|
49000 |
|
Selena Shroff |
|
43000 |
|
Jyoti Vora |
|
7850 |
|
Asha Joshi |
|
31500 |
|
Prafull Goradia |
|
110500 |
|
Nayana Goradia |
|
363335 |
|
Total |
|
694435 |
Equity Share Break up (Percentage of Total Equity)
As on 31.08.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
68.23 |
|
Public/Other than promoters (Individual/Hindu Undivided Family-Indian) |
31.77 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Toothbrush. (Registered Activity and also Confirmed by
management) |
|
|
|
|
Products/ Services : |
Toothbrush |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
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|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Cheque |
|
|
|
|
Purchasing : |
Cheque |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
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Customers : |
Retailers and End Users
|
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|
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No. of Employees : |
100 (Approximately) |
||||||||||||||||||||||
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|
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Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Biswabikash and Associates Chartered Accountants |
|
Address : |
15, Bompass Road, 2nd Floor, Kolkata – 700029, West Bengal, India |
|
Tel. No.: |
91-33-24667277/ 24669048 |
|
Income-tax
PAN of auditor or auditor's firm : |
ADXPG6795Q |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associate : |
Contemporary Targett Private Limited |
|
|
|
|
Group : |
|
CAPITAL STRUCTURE
As on 31.08.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
800000 |
Equity Shares |
INR 10/- each |
INR 8.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
694435 |
Equity Shares |
INR 10/- each |
INR 6.944
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 |
6.944 |
6.944 |
6.944 |
|
(b) Reserves & Surplus |
35.028 |
28.462 |
30.879 |
|
(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) |
41.972 |
35.406 |
37.823 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
25.030 |
36.621 |
37.155 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
2.500 |
2.500 |
2.500 |
|
(d) Long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
27.530 |
39.121 |
39.655 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
4.477 |
9.135 |
|
(b) Trade
payables |
193.818 |
77.888 |
3.025 |
|
(c) Other current
liabilities |
7.730 |
7.257 |
4.601 |
|
(d) Short-term
provisions |
1.674 |
0.565 |
3.333 |
|
Total Current
Liabilities (4) |
203.222 |
90.187 |
20.094 |
|
|
|
|
|
|
TOTAL |
272.724 |
164.714 |
97.572 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
58.019 |
68.428 |
78.195 |
|
(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) |
4.195 |
5.289 |
5.559 |
|
(d)
Long-term Loan and Advances |
1.096 |
1.096 |
1.113 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
63.310 |
74.813 |
84.867 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
192.830 |
80.285 |
8.008 |
|
(d) Cash
and cash equivalents |
5.182 |
3.057 |
2.041 |
|
(e)
Short-term loans and advances |
0.580 |
0.224 |
0.242 |
|
(f) Other
current assets |
10.822 |
6.335 |
2.414 |
|
Total
Current Assets |
209.414 |
89.901 |
12.705 |
|
|
|
|
|
|
TOTAL |
272.724 |
164.714 |
97.572 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
423.055 |
91.631 |
22.696 |
|
|
Other Income |
11.044 |
9.541 |
10.055 |
|
|
TOTAL |
434.099 |
101.172 |
32.751 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
14.973 |
6.140 |
2.129 |
|
|
Purchases of
Stock-in-Trade |
377.242 |
64.800 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(2.982) |
(2.152) |
(1.353) |
|
|
Employees benefits
expense |
4.565 |
2.930 |
0.615 |
|
|
Other expenses |
15.062 |
10.928 |
5.413 |
|
|
TOTAL |
408.860 |
82.646 |
6.804 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
25.239 |
18.526 |
25.947 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
4.309 |
5.305 |
6.643 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
20.930 |
13.221 |
19.304 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
10.565 |
10.537 |
11.240 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
10.365 |
2.684 |
8.064 |
|
|
|
|
|
|
|
Less |
TAX |
5.619 |
1.820 |
-2.400 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
4.746 |
0.864 |
10.464 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
1.399 |
2.188 |
0.215 |
|
|
TOTAL IMPORTS |
1.399 |
2.188 |
0.215 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
6.83 |
1.24 |
15.07 |
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 |
18.581 |
19.775 |
20.976 |
|
Net cash flow from operating activity |
14.056 |
18.225 |
20.758 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
166.37 |
319.80 |
128.79 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
2.19 |
1.14 |
2.83 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
180.37 |
400.75 |
518.61 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.44 |
0.27 |
0.33 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.84 |
0.77 |
0.59 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.60 |
1.16 |
1.22 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
4.84 |
2.55 |
0.53 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.38 |
1.93 |
2.07 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
5.86 |
3.49 |
3.91 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
1.12 |
0.94 |
46.11 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.74 |
0.52 |
10.72 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
11.31 |
2.44 |
27.67 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.03 |
1.00 |
0.63 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.03 |
1.00 |
0.63 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.15 |
0.21 |
0.39 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
3.60 |
5.92 |
6.67 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.03 |
1.00 |
0.63 |
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 |
6.944 |
6.944 |
6.944 |
|
Reserves & Surplus |
30.879 |
28.462 |
35.028 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
37.823 |
35.406 |
41.972 |
|
|
|
|
|
|
long-term borrowings |
37.155 |
36.621 |
25.030 |
|
Short term borrowings |
9.135 |
4.477 |
0.000 |
|
Total borrowings |
46.290 |
41.098 |
25.030 |
|
Debt/Equity ratio |
1.224 |
1.161 |
0.596 |
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 |
22.696 |
91.631 |
423.055 |
|
|
|
303.732 |
361.694 |
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 |
22.696 |
91.631 |
423.055 |
|
Profit/(Loss) |
10.464 |
0.864 |
4.746 |
|
|
46.11% |
0.94% |
1.12% |
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 |
No |
|
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) |
No |
|
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Intercorporate Deposits |
25.030 |
31.030 |
|
|
|
|
|
Total |
25.030 |
31.030 |
INDEX
OF CHARGES
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B98701808 |
10226498 |
State Bank of India |
24/06/2010 |
10/02/2014 |
- |
135900000.0 |
Specialised Commercial Branch, Trident 2nd Floor, Opp. Geri, Race Course circle, Vadodara GUJARAT 390007 INDIA |
|
2 |
G43352764 |
10226499 |
STATE BANK OF INDIA |
14/06/2010 |
09/10/2013 |
28/04/2017 |
57100000.0 |
SPECIALISED COMMERCIAL BRANCH, TRIDENT 2ND FLOOR,OPP. GERI, RACE COURCE CIRCLE, VADODARA GUJARAT 390007 INDIA |
|
3 |
A01274448 |
90113149 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
09/11/1998 |
- |
07/06/2006 |
0.0 |
10/10; MADAN MOHAN MALVIYA MARG LUCKNOW UTTAR PRADESH 226001 INDIA |
FIXED ASSETS
- Freehold Land
- Factory Building
- Plant and Machinery
- Furniture and Fixture
- Office Equipment
- Computers
- Vehicles
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 63.41 |
|
|
1 |
INR 87.17 |
|
Euro |
1 |
INR 77.44 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYA |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
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 |
NO |
|
--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.