|
|
|
MIRA INFORM REPORT
|
Report No. : |
483096 |
|
Report Date : |
17.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
JUTEX INDUSTRIES PRIVATE LIMITED (w.e.f. 20.05.2002) |
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|
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|
Formerly Known
As : |
JUTEX MACHINERIES PRIVATE LIMITED |
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Registered
Office : |
Village Bonderbill, P. O.-Raghunathpur, District: Hooghly – 712247, West Bengal |
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Tel No.: |
91-33-26635933/26635934/22107608 |
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|
Country : |
India |
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|
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|
Financials (as
on) : |
31.03.2017 |
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|
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Date of
Incorporation : |
20.02.1998 |
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|
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|
Com. Reg. No.: |
21-086603 |
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Capital
Investment / Paid-up Capital : |
INR 15.662 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29269WB1998PTC086603 |
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IEC No.: |
Not Divulged |
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GSTIN No.: |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
AABCJ7924N |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
(Registered
Activity) |
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|
No. of Employees
: |
Information denied by the management |
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 710000 |
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|
|
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1998 having
good track. For the financial year ended 2017, the company has witnessed a healthy
growth in its revenue and has achieved fair profit margin at 3.76%
(approximately). The company possesses sound financial risk profile by healthy net
worth base along with negligible debt recorded by the company. The company also derives strength from its long standing track record
of business operations. Trade relations are reported as fair. Business is active. Payments
terms are reported to be regular and as per commitments. In view of the aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
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 17.01.2018.
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 DENIED BY
|
Name : |
Mr. S. Pal |
|
Designation : |
General Manager |
|
Contact No.: |
91-9069145824 |
|
Date : |
06.01.2018 |
LOCATIONS
|
Registered Office : |
Village Bonderbill, P. O.-Raghunathpur, District: Hooghly – 712247, West Bengal, India |
|
Tel. No.: |
91-33-26635933/26635934/22107608 |
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Mobile No.: |
91-9069145824 (Mr. S. Pal) |
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Fax No.: |
91-33-26634202 |
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E-Mail : |
|
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Corporate Office: |
38, N. S. Road, Kolkata – 700001, West Bengal, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Santosh Adak |
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|
Designation : |
Managing Director |
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|
Address : |
Village + P.O. Abhoynagar, P.S. Bally, Howrah – 711205, West Bengal, India |
||||||||
|
Date of Appointment : |
20.02.1998 |
||||||||
|
DIN No.: |
00241847 |
||||||||
|
Other Directorship:
|
|||||||||
|
Name : |
Mr. Santanu Adak |
||||||||
|
Designation : |
Whole-time Director |
||||||||
|
Address : |
Village Abhoynagar, P.O, Howrah – 711101, West Bengal, India |
||||||||
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Date of Birth/ Age : |
06.03.1973 |
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Date of Appointment : |
01.08.2007 |
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DIN No.: |
00128095 |
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|
||||||||
|
Name : |
Mr. Sanjib Adak |
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Designation : |
Whole-time Director |
||||||||
|
Address : |
Village +P.O. Abhoynagar, P.S. Bally, Howrah – 711205, West Bengal, India |
||||||||
|
Date of Appointment : |
01.07.2014 |
||||||||
|
DIN No.: |
00241850 |
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|
||||||||
|
Name : |
Suvendu Adak |
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|
Designation : |
Whole-time Director |
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|
Address : |
Village +P.O. Abhoynagar, P.S. Bally, Howrah – 711205, West Bengal, India |
||||||||
|
Date of Appointment : |
01.07.2014 |
||||||||
|
DIN No.: |
00241855 |
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Other Directorship:
|
|||||||||
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|
||||||||
|
Name : |
Ms. Ruma Adak |
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Designation : |
Director |
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|
Address : |
Village +P.O. Abhaynagar, P.S. Bally, Howrah – 711205, West Bengal, India |
||||||||
|
Date of Appointment : |
20.02.1998 |
||||||||
|
DIN No.: |
00544110 |
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KEY EXECUTIVES
|
Name : |
Mr. S. Pal |
|
Designation : |
General Manager |
|
Name : |
Mr. Ashok Kumar Daga |
|
Designation : |
Practicing Compony Secretory |
|
Address: |
136,Jessore Road, Block – 1, Kolkata - 700055 |
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Tel No.: |
91-33-32916865 |
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Mobile No.: |
91-9831036425/ 9830236425 |
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E-mail: |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Santosh Adak |
|
174800 |
|
Sanjib Adak |
|
135400 |
|
Suvendu Adak |
|
126500 |
|
Ruma Adak |
|
155700 |
|
Utpal Maji |
|
40000 |
|
Tarit Kumar Maji |
|
36500 |
|
Sonali Maji |
|
18600 |
|
Sarmistha Hazra |
|
49000 |
|
Chirashree Adak |
|
78250 |
|
Santanu Adak |
|
55400 |
|
Rupanjali Adak |
|
166100 |
|
Basudev Adak |
|
3800 |
|
Arnali Adak |
|
2000 |
|
Acme Stocks Private Limited, India |
|
260000 |
|
Shibram Koley |
|
3100 |
|
Ansar Ali Akan |
|
1000 |
|
Fairdeal Dealcomm Private Limited, India |
|
5000 |
|
Monitor Suppliers Private Limited, India |
|
5000 |
|
Swarnalaxmi Dealcom Private Limited, India |
|
5000 |
|
Adak Metcast Engineers Private Limited, India |
|
150000 |
|
Energy Distributor Private Limited, India |
|
5000 |
|
Hariom Vincon Private Limited, India |
|
5000 |
|
Neil lndustries Limited, India |
|
20000 |
|
Ruchi Merchandise Private Limited, India |
|
5000 |
|
Subh Vyapar Private Limited, India |
|
5000 |
|
Sweta Comodities Private Limited, India |
|
5000 |
|
Populer Mercantile Private Limited, India |
|
10000 |
|
Raincom comodities Private Limited, India |
|
5000 |
|
Rankini Tracom Private Limited, India |
|
5000 |
|
Manali Tradecom Private Limited, India |
|
20000 |
|
Starshine Dealcom Private Limited, India |
|
10000 |
|
Total |
|
1566150 |
AS ON 29.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters – [Individual/Hindu Undivided Family – Indian] |
66.80 |
|
Promoters – [Bodies corporate] |
26.18 |
|
Public/Other than promoters -[Bodies corporate] |
7.02 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
(Registered
Activity) |
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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 : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Guha and Matilal Chartered Accountants |
|
Address : |
8, Netaji Subhas Road, Kolkata – 700001, West Bengal, India |
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Tel. No.: |
91-33-22308998/ 22317500 |
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E-Mail : |
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PAN No.: |
AHGPJ2807D |
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|
|
|
Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
|
|
|
|
Enterprises over which key management personal and relatives of such personal
are able to exercise significant influence:
|
|
CAPITAL STRUCTURE
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
INR 10/- each |
INR 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1566150 |
Equity Shares |
INR 10/- each |
INR 15.662 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
15.662 |
15.662 |
15.662 |
|
(b) Reserves &
Surplus |
232.391 |
210.256 |
195.564 |
|
(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) |
248.053 |
225.918 |
211.226 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.588 |
1.565 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
4.101 |
3.200 |
0.000 |
|
Total Non-current
Liabilities (3) |
4.101 |
3.788 |
1.565 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
5.800 |
15.507 |
8.800 |
|
(b) Trade payables |
37.046 |
68.227 |
55.903 |
|
(c) Other current
liabilities |
6.111 |
4.517 |
2.568 |
|
(d) Short-term provisions |
1.430 |
1.847 |
0.166 |
|
Total Current Liabilities
(4) |
50.387 |
90.098 |
67.437 |
|
|
|
|
|
|
TOTAL |
302.541 |
319.803 |
280.228 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
120.657 |
133.623 |
130.852 |
|
(ii) Intangible Assets |
0.317 |
0.484 |
0.671 |
|
(iii) Capital
work-in-progress |
6.450 |
2.009 |
15.204 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
11.025 |
11.025 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.519 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.125 |
0.095 |
1.204 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
139.093 |
147.236 |
147.931 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
109.650 |
129.490 |
76.704 |
|
(c) Trade receivables |
35.451 |
28.024 |
23.903 |
|
(d) Cash and cash
equivalents |
11.778 |
8.872 |
16.592 |
|
(e) Short-term loans and
advances |
5.895 |
4.989 |
11.821 |
|
(f) Other current assets |
0.674 |
1.193 |
3.277 |
|
Total Current Assets |
163.448 |
172.568 |
132.297 |
|
|
|
|
|
|
TOTAL |
302.541 |
319.804 |
280.228 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
587.968 |
420.230 |
328.636 |
|
|
Other Income |
1.159 |
0.928 |
2.272 |
|
|
TOTAL |
589.127 |
421.158 |
330.908 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
380.744 |
303.685 |
216.793 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
18.085 |
(37.179) |
(8.852) |
|
|
Employees benefits
expense |
44.734 |
35.410 |
27.478 |
|
|
Other expenses |
95.432 |
77.742 |
60.113 |
|
|
TOTAL |
538.995 |
379.658 |
295.532 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION
|
50.132 |
41.500 |
35.376 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
2.118 |
1.914 |
0.770 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
48.014 |
39.586 |
34.606 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
14.824 |
17.343 |
16.852 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
33.190 |
22.243 |
17.754 |
|
|
|
|
|
|
|
Less |
TAX |
11.055 |
7.551 |
5.683 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
22.135 |
14.692 |
12.071 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
68.103 |
8.542 |
37.120 |
|
|
Export Sale of Jute Yarns |
1.558 |
3.393 |
0.000 |
|
|
TOTAL
EARNINGS |
69.661 |
11.935 |
37.120 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
14.00 |
9.38 |
7.71 |
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 |
32.207 |
7.291 |
4.086 |
|
Net cash flow from operating activities |
5.900 |
4.361 |
2.395 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
22.01 |
24.34 |
26.55 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
16.59 |
15.00 |
13.75 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
35.51 |
82.00 |
94.12 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.46 |
0.32 |
0.46 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.39 |
0.30 |
0.24 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.17 |
0.28 |
0.24 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.02 |
0.07 |
0.04 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.20 |
0.40 |
0.32 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.51 |
0.60 |
0.69 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
23.67 |
21.68 |
45.94 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
3.76 |
3.50 |
3.67 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
7.32 |
4.59 |
4.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
8.92 |
6.50 |
5.71 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
3.24 |
1.92 |
1.96 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.07 |
0.48 |
0.82 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.82 |
0.71 |
0.75 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.37 |
0.99 |
0.56 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
3.24 |
1.92 |
1.96 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
15.662 |
15.662 |
15.662 |
|
Reserves & Surplus |
195.564 |
210.256 |
232.391 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
211.226 |
225.918 |
248.053 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
8.800 |
15.507 |
5.800 |
|
Total borrowings |
8.800 |
15.507 |
5.800 |
|
Debt/Equity ratio |
0.042 |
0.069 |
0.023 |
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
|
328.636 |
420.230 |
587.968 |
|
|
|
27.871 |
39.916 |
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
|
328.636 |
420.230 |
587.968 |
|
Profit |
12.071 |
14.692 |
22.135 |
|
|
3.67% |
3.50% |
3.76% |
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) |
No |
|
16 |
No. of employees |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
REVIEW OF BUSINESS
OPERATIONS AND FUTURE PROSPECTS
During the year the company has achieved profit after tax amounts to INR
22.135 Million as compared to the last year’s profit and loss of INR 14.692
Million, which is more than 50% and recorded a higher growth of turnover of INR
589.100 Million. Barring unforeseen circumstances, the directors expect to
achieve further better results in the coming year.
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
SHORT TERM BORROWINGS |
|
|
|
Loan repayable on
demand from parties |
5.800 |
5.800 |
|
Loan from related
parties from director |
0.000 |
0.350 |
|
Total |
5.800 |
6.150 |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G40324675 |
10590453 |
THE FEDERAL BANK LIMITED |
31/08/2015 |
23/03/2017 |
- |
42500000.0 |
B.B.D. Bagh Branch 'Olisa House', 4, Government Place North Kolkata – 700001, West Bengal, India |
|
2 |
B72382187 |
80032692 |
THE FEDERAL BANK LIMITED |
24/05/2006 |
14/08/2008 |
12/03/2013 |
38500000.0 |
Nw-101, Belilious Park east West Bye Pass Road Howrah -711101, West Bengal, India |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
In the matter of WBVAT/CST |
0.203 |
0.203 |
|
Guarantee given by banks in favour of WBSEDBL |
5.000 |
5.000 |
FIXED ASSETS:
Tangible Assets
·
Land
·
Factory Building
·
Plant and Machinery
·
Furniture and Fixture
·
Computer
·
Vehicles
·
Office Equipment
·
Motor Car
·
Electrical Installment
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 63.76 |
|
|
1 |
INR 87.91 |
|
Euro |
1 |
INR 78.20 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHL |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
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.