|
|
|
MIRA INFORM REPORT
|
Report No. : |
486644 |
|
Report Date : |
17.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
PACE PROCESS CONTROLS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Door No.8-1-97/3 and 4, Ninithaas Hights, Plot No.13, Level – 2, Pedawaltair Main Road, Peda Waltair, Visakhapatnam – 530017, Andhra Pradesh |
|
Tel. No.: |
91-891-2754736/2575736/2701075 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
11.07.1996 |
|
|
|
|
Com. Reg. No.: |
01-024612 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 5.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74210AP1996PTC024612 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GSTIN: |
37AABCP0461E1ZS |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCP0461E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing of Installation services of heavy
electrical equipment. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 240000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
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Litigation : |
Clear |
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|
|
|
Comments : |
Subject was incorporated in the year 1996 and it is a providing of installation services
of heavy electrical equipment. As per financials of march 2017, the company has registered a decline
in its revenue and has reported fair profit margin of 3.78%. Rating takes into consideration the company’s established track record
of business operations marked by sound net worth base along with strong debt
coverage indicators and decent liquidity position. Rating also takes into account the experience promoters along with
strong management team and reputed clientele. Further, the company has reported good earnings per share of INR
132.94 against its face of INR 10. However, rating strength is partially offset by working capital
intensive and tender based nature of operations. Payments are reported to be usually correct. In view of 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
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Rating (BB) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
06.02.2017 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Rating (A4) |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
06.02.2017 |
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. Gopal |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-891-2754736 |
|
Date : |
17.01.2018 |
LOCATIONS
|
Registered Office : |
Door No.8-1-97/3 and 4, Ninithaas Hights, Plot No.13, Level – 2, Pedawaltair Main Road, Peda Waltair, Visakhapatnam – 530017, Andhra Pradesh, India |
|
Tel. No.: |
91-891-2754736/2575736/2701075 |
|
Fax No.: |
91-891-2567294 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Pramod Kumar Pothuneedi |
||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||
|
Address : |
Door No.39-7-1, Muralinagar, Visakhapatnam-530007 , Andhra Pradesh, India |
||||||||||||||||
|
Date of Birth/Age : |
09.02.1958 |
||||||||||||||||
|
Date of Appointment : |
11.07.1996 |
||||||||||||||||
|
DIN No: |
00841163 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Swamy Narasimha Sanka |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
No.6, Prince Apartments, Harbour Park Road, Visakhapatnam-530003, Andhra Pradesh, India |
||||||||||||||||
|
Date of Birth/Age : |
10.08.1958 |
||||||||||||||||
|
Date of Appointment : |
11.07.1996 |
||||||||||||||||
|
DIN No: |
00841230 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Gopal |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Pramod Kumar Pothuneedhi |
17220 |
34.44 |
|
Swamy Narasimha Sanka |
25000 |
50.00 |
|
Ganteswara Rao |
7780 |
15.56 |
|
Total |
50000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Providing of Installation services of heavy
electrical equipment. (Registered Activity) |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Vasireddi and Company Chartered Accountants |
|
Address : |
Flat No.2, Door No.9-14-4, C.B.M. Compound, Soubhagya Apartment,
Visakhapatnam – 530003, Andhra Pradesh, India |
|
Tel. No.: |
91-891-2562516/ 2573874 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFV9595H |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
--- |
CAPITAL STRUCTURE
As on: 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
INR 100/- each |
INR 5.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
INR 100/- each |
INR 5.000 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 |
5.000 |
5.000 |
5.000 |
|
(b) Reserves & Surplus |
78.492 |
71.845 |
66.471 |
|
(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) |
83.492 |
76.845 |
71.471 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
22.931 |
22.244 |
18.635 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
22.931 |
22.244 |
18.635 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
8.380 |
5.658 |
7.048 |
|
(b) Trade
payables |
0.000 |
0.000 |
0.000 |
|
(c) Other
current liabilities |
18.122 |
32.458 |
27.644 |
|
(d) Short-term
provisions |
18.042 |
8.634 |
18.433 |
|
Total Current
Liabilities (4) |
44.544 |
46.750 |
53.125 |
|
|
|
|
|
|
TOTAL |
150.967 |
145.839 |
143.231 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
17.172 |
19.959 |
15.478 |
|
(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) |
0.214 |
0.214 |
1.202 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
58.529 |
50.750 |
58.795 |
|
Total Non-Current
Assets |
75.915 |
70.923 |
75.475 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1.500 |
3.360 |
3.500 |
|
(c) Trade
receivables |
61.129 |
57.321 |
55.285 |
|
(d) Cash
and cash equivalents |
1.557 |
3.708 |
2.602 |
|
(e)
Short-term loans and advances |
10.866 |
10.527 |
6.369 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
75.052 |
74.916 |
67.756 |
|
|
|
|
|
|
TOTAL |
150.967 |
145.839 |
143.231 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
175.717 |
201.182 |
174.018 |
|
|
Other Income |
1.030 |
4.539 |
1.103 |
|
|
TOTAL |
176.747 |
205.721 |
175.121 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
1.860 |
0.140 |
2.690 |
|
|
Employees benefits
expense |
91.456 |
75.259 |
71.445 |
|
|
Other expenses |
65.908 |
109.062 |
79.274 |
|
|
TOTAL |
159.224 |
184.461 |
153.409 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
17.523 |
21.260 |
21.712 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
4.155 |
6.487 |
8.534 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
13.368 |
14.773 |
13.178 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.229 |
4.553 |
5.355 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
10.139 |
10.220 |
7.823 |
|
|
|
|
|
|
|
Less |
TAX |
3.492 |
4.846 |
2.158 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
6.647 |
5.374 |
5.665 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
132.94 |
127.24 |
113.30 |
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 |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operating activity |
1.068 |
18.438 |
20.877 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
126.98 |
104.00 |
115.96 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
2.87 |
3.51 |
3.15 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
11.68 |
6.33 |
6.20 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.02 |
1.07 |
1.40 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.45 |
0.47 |
0.50 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.38 |
0.36 |
0.36 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.53 |
0.61 |
0.74 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.21 |
0.26 |
0.22 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
4.22 |
3.28 |
2.54 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
3.78 |
2.67 |
3.26 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
4.40 |
3.68 |
3.96 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
7.96 |
6.99 |
7.93 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.68 |
1.60 |
1.28 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.65 |
1.53 |
1.21 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.55 |
0.53 |
0.50 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
6.26 |
5.58 |
5.14 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.68 |
1.60 |
1.28 |
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 |
5.000 |
5.000 |
5.000 |
|
Reserves & Surplus |
66.471 |
71.845 |
78.492 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
71.471 |
76.845 |
83.492 |
|
|
|
|
|
|
long-term borrowings |
18.635 |
22.244 |
22.931 |
|
Short term borrowings |
7.048 |
5.658 |
8.380 |
|
Total
borrowings |
25.683 |
27.902 |
31.311 |
|
Debt/Equity
ratio |
0.359 |
0.363 |
0.375 |
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 |
174.018 |
201.182 |
175.717 |
|
|
|
15.610 |
(12.658) |
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 |
174.018 |
201.182 |
175.717 |
|
Profit |
5.665 |
5.374 |
6.647 |
|
|
3.26% |
2.67% |
3.78% |
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 |
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 three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
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 |
Yes |
|
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 |
OPERATIONS:
The company during the financial year 2016-17 made a turnover of INR 175.717 million from operations as against the previous year turnover of INR 201.182 million, thereby an decrease of 12.66 %.
The company has earned a net profit of INR 6.647 after providing for depreciation, financial charges and Income-Tax during the year under report as against the previous year Net profit of INR 5.374 million.
FUTURE OUTLOOK;
Indian Industry in the fields of power, petroleum, fertilizers, petrochemicals and other related infrastructures projects will have a huge potential due to the new policies of the government. Also expansion of ports and LNG terminals all along the coast will see a major development, these projects will give business for the company and also increases the turnover.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
5.588 |
0.926 |
|
Other Loans and advances |
10.039 |
13.720 |
|
Total |
15.627 |
14.646 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C69013340 |
10600309 |
BANK OF INDIA |
29/06/2015 |
- |
- |
695000.0 |
47-10-23/4 and 5, First Floor, Isnar Khazana Towers, Dwaraka Nagar, Visakhapatnam-530016, Andhra Pradesh, India |
|
2 |
C69012078 |
10600310 |
BANK OF INDIA |
21/04/2015 |
- |
- |
1215000.0 |
47-10-23/4 and 5, First Floor, Isnar Khazana Towers, Dwaraka Nagar, Visakhapatnam-530016, Andhra Pradesh, India |
|
3 |
B71512396 |
10414004 |
Bank Of India |
30/01/2013 |
- |
- |
1030000.0 |
47-10-23/4 and 5, First Floor, Isnar Khazana Towers, Dwaraka Nagar, Visakhapatnam-530016, Andhra Pradesh, India |
|
4 |
B71512792 |
10414053 |
Bank Of India |
30/01/2013 |
- |
- |
1030000.0 |
47-10-23/4 and 5, First Floor, Isnar Khazana Towers, Dwaraka Nagar, Visakhapatnam-530016, Andhra Pradesh, India |
|
5 |
B08293094 |
10273536 |
BANK OF INDIA |
08/03/2011 |
- |
- |
1585000.0 |
47-10-23/4 and 5, First Floor, Isnar Khazana Towers, Dwaraka Nagar, Visakhapatnam-530016, Andhra Pradesh, India |
|
6 |
A83440446 |
10213910 |
BANK OF INDIA |
25/03/2010 |
- |
- |
1645000.0 |
MAIN BRANCH, DWARAKA NAGAR, VISAKHAPATNAM-530016, Andhra Pradesh, India |
|
7 |
Y10214649 |
90121844 |
BANK OF INDIA |
14/10/2004 |
- |
- |
6000000.0 |
II LENE, DWARAKA NAGAR, VISAKHAPATNAM-530016, Andhra Pradesh, India |
|
8 |
Y10217164 |
90124359 |
LAKSHMI GENERAL FINANCE LTD. |
24/12/2002 |
- |
- |
409129.0 |
21, PATULLOS ROAD, CHENNAI-600002, TAMILNADU, INDIA |
|
9 |
Y10215703 |
90122898 |
BANK OF INDIA |
14/06/2000 |
30/08/2003 |
- |
6000000.0 |
II LENE, DWARAKA NAGAR, VISAKHAPATNAM-530016, Andhra Pradesh, India |
|
10 |
C08141475 |
90121443 |
Bank of India |
14/06/2000 |
03/02/2014 |
- |
97000000.0 |
47-10-23/4 and 5, First Floor, Isnar Khazana Towers, Dwaraka Nagar, Visakhapatnam-530016, Andhra Pradesh, India |
FIXED ASSETS
- Air Conditioner
- Computer
- Container
- Cycle
- Furniture and Fixture
- Generator
- Kinetic Safari
- Plant and Machinery
- Office Equipment
- Scooter
- Invertor
- Tax Honda
- Office Equipment
- Xerox Machine
- Printers
- Type writer
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 63.76 |
|
|
1 |
INR 87.91 |
|
Euro |
1 |
INR 78.20 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
VVK |
|
|
|
|
Report Prepared
by : |
MTN |
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 |
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.