|
|
|
MIRA INFORM REPORT
|
Report No. : |
485814 |
|
Report Date : |
17.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
STAR COOLERS AND CONDENSERS PRIVATE LIMITED |
|
|
|
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Registered
Office : |
H-18, MIDC Area, Jalgaon – 425003, Maharashtra |
|
Mobile No.: |
91-9823272784 (Mr. Mohit) |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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|
Date of
Incorporation : |
04.05.1998 |
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|
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Com. Reg. No.: |
11-114757 |
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|
|
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Capital
Investment / Paid-up Capital : |
INR 7.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29150MH1998PTC114757 |
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|
|
|
IEC No.: |
0398048843 |
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TIN No: |
27390246938 |
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GSTIN: |
27AAECS5547D1ZC |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAECS5547D |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer
and Exporter of heat exchanger equipments such as Coolers, Air Cooled Condensers,
Evaporative Condensers, Dry Fluid Coolers, Pre Cooling Units Coils,
Humidifier, Condensing Units, Plate Freezer. [Registered activity and also
confirmed by management] |
|
|
|
|
No. of Employees
: |
80 (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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “C and C Holding Limited, United Kingdom”.
It is an established company incorporated in the year 1998 having good track. For the financial year 2017, the company has witnessed a growth in its
revenue and has achieved decent profit margin at 8.62% (approximately). Available financials indicate sound financial profile marked by healthy
net worth base along with debt free balance sheet of the company. The company also derives strength from its strong holding entity and
its experienced management team. Fundamentals of the company are strong and healthy. Trade relations are reported as fair. Business is active. Payments
terms are reported to be regular and as per commitment. In view of strong holding support and sound financial base, the
company can be considered normal 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 |
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 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 PARTED BY
|
Name : |
Mr. Mohit Watve |
|
Designation : |
Sales Department |
|
Contact No.: |
91-9823272784 |
|
Date : |
14.01.2018 |
LOCATIONS
|
Registered Office/ Factory 1: |
H-18, MIDC Area, Jalgaon – 425003, Maharashtra, India |
|
Tel. No.: |
91-257-2271771 / 72 / 73 / 74 |
|
Mobile No.: |
91-9823272784 (Mr. Mohit) |
|
Fax No.: |
91-257-2272778 |
|
E-Mail : |
|
|
Website : |
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|
Area : |
28000 sq. ft. |
|
Location : |
Leased |
|
Locality : |
Industrial |
|
|
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|
Head Office/ Factory 2 : |
H-13, MIDC, Jalgaon – 425003, Maharashtra, India |
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Tel. No.: |
91-257-2213228/ 22722779/ 2272795 |
|
Fax No.: |
91-257-2272778 |
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E-Mail : |
|
|
Website : |
|
|
Area : |
4000 sq. ft. |
|
Location : |
Leased |
|
|
|
|
Corporate
Office: |
404, "Kshitij", Veera Desai Road, Opposite Sports Complex, Andheri (West), Mumbai-400 053, Maharashtra, India |
|
Tel. No.: |
91- 22-67414921 to 30 |
|
|
|
|
Pune Office: |
21-A, "Susneh", Shikshak Society, Paramhans Nagar, Lane No. - 9, Paud Road, Kothrud, Pune-411038, Maharashtra, India |
|
Tel. No.: |
91- 20- 25395550 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Pramod Gajanan Churi |
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|
Designation : |
Director |
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|
Address : |
B-5, Vinayak CHS, Gandhinagar Kherwadi, Bandra (East), Mumbai –
400057, Maharashtra, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
22.09.1941 |
||||||||||||||||||||||||
|
Date of Appointment : |
15.11.2007 |
||||||||||||||||||||||||
|
DIN No.: |
00621586 |
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Other Directorship:
|
|||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
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Name : |
Mr. Laxmikant Prabhakar Dandawate |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
Shikshak Society, S. No 91/3,21A Paramhans Nagar, Kothrud, Pune - 411038, Maharashtra, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
17.10.1963 |
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Date of Appointment : |
21.12.2009 |
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DIN No.: |
01214837 |
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Other Directorship:
|
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|
||||||||||||||||||||||||
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Name : |
Mr. Barry Edward Clements |
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Designation : |
Director |
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Address : |
8 Dormy Way, Gosport-81151, Great Britain |
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Date of Birth/Age : |
18.11.1945 |
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Date of Appointment : |
15.11.2007 |
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DIN No.: |
01740962 |
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|
||||||||||||||||||||||||
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Name : |
Mr. Sushil Kumar Asopa |
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|
Designation : |
Director |
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|
Address : |
63-2-175/A/1, Jawaharnagar Sriharipuram, Malkapuram, Visakhapatnam- 530011, Andhra Pradesh, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
19.09.1963 |
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|
Date of Appointment : |
04.05.1998 |
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DIN No.: |
01741114 |
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Other Directorship:
|
|||||||||||||||||||||||||
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|
||||||||||||||||||||||||
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Name : |
Mrs. Gouri Shankar Asopa |
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Designation : |
Director |
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Address : |
23, Wildgreens Height Southampton – 50183PS, Great Britain |
||||||||||||||||||||||||
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Date of Birth/Age : |
15.12.1944 |
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|
Date of Appointment : |
15.11.2007 |
||||||||||||||||||||||||
|
DIN No.: |
01806410 |
||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Mohit Watve |
|
Designation : |
Sales Department |
|
|
|
|
Name : |
Pavan Rathi and Associates |
|
Designation : |
Company Secretary |
|
Address : |
Office No. 212, Ganga Collidium, Market Yard, Pune – 425037, Maharashtra, India |
|
Tel. No: |
91-20-24240016 |
|
Mob. No: |
91-9422324242 |
|
Email: |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Sushil Omprakash Asopa |
|
150000 |
|
C and C Holding Limited, United Kingdom |
|
600000 |
|
Total |
|
750000 |
AS ON 29.09.2017
|
Equity Share Break
up |
Percentage |
|
Category |
|
|
Promoters - Individual/Hindu Undivided Family – Indian |
20.00 |
|
Promoters - Bodies corporate |
80.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Manufacturer
and Exporter of heat exchanger equipments such as Coolers, Air Cooled Condensers,
Evaporative Condensers, Dry Fluid Coolers, Pre Cooling Units Coils,
Humidifier, Condensing Units, Plate Freezer. [Registered activity and also
confirmed by management] |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
L/C, Cheque and Credit (30 Days) |
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Purchasing : |
L/C, Cheque and Credit (30 Days) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users and OEM’s
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No. of Employees : |
80 (Approximately) |
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Bankers : |
|
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Facilities : |
|
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Auditors : |
|
|
Name : |
J. B. Agrawal and Company Chartered Accountants |
|
Address : |
134, Bhagirath, Jalgaon – 425001, Maharashtra, India |
|
Tel. No.: |
91-257-2225468 |
|
PAN No.: |
AACFJ1571F |
|
Memberships No:
: |
048891 |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
|
|
Holding Company: |
|
|
|
|
|
Other Related Parties: |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
INR 10/- each |
INR 7.500 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 |
7.500 |
7.500 |
7.500 |
|
(b) Reserves &
Surplus |
187.784 |
132.163 |
84.584 |
|
(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) |
195.284 |
139.663 |
92.084 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
56.861 |
56.861 |
56.861 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
56.861 |
56.861 |
56.861 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
(2.167) |
11.745 |
|
(b) Trade payables |
128.434 |
100.281 |
120.585 |
|
(c) Other current
liabilities |
68.393 |
28.641 |
27.707 |
|
(d) Short-term provisions |
40.900 |
23.570 |
18.000 |
|
Total Current Liabilities
(4) |
237.727 |
150.325 |
178.037 |
|
|
|
|
|
|
TOTAL |
489.872 |
346.849 |
326.982 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
73.787 |
80.048 |
79.185 |
|
(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 |
85.213 |
4.682 |
4.682 |
|
(c) Deferred tax assets
(net) |
16.957 |
4.762 |
4.171 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
1.481 |
1.296 |
1.296 |
|
Total Non-Current Assets |
177.438 |
90.788 |
89.334 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
77.894 |
75.938 |
85.996 |
|
(b) Inventories |
42.051 |
38.716 |
33.164 |
|
(c) Trade receivables |
41.416 |
20.256 |
34.749 |
|
(d) Cash and cash
equivalents |
100.227 |
86.941 |
50.614 |
|
(e) Short-term loans and
advances |
0.116 |
0.083 |
0.129 |
|
(f) Other current assets |
50.730 |
34.127 |
32.996 |
|
Total Current Assets |
312.434 |
256.061 |
237.648 |
|
|
|
|
|
|
TOTAL |
489.872 |
346.849 |
326.982 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
629.882 |
508.878 |
412.835 |
|
|
Other Income |
2.996 |
9.988 |
4.217 |
|
|
TOTAL |
632.878 |
518.866 |
417.052 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
311.380 |
263.372 |
231.84 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1.570) |
2.478 |
(0.079) |
|
|
Employees benefits
expense |
39.968 |
33.051 |
29.777 |
|
|
Manufacturing expenses |
115.985 |
105.318 |
85.605 |
|
|
Other expenses |
69.773 |
28.953 |
23.054 |
|
|
TOTAL |
535.536 |
433.172 |
370.197 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
97.342 |
85.694 |
46.855 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
1.779 |
2.390 |
1.929 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
95.563 |
83.304 |
44.926 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION
|
12.529 |
13.806 |
15.793 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
83.034 |
69.498 |
29.133 |
|
|
|
|
|
|
|
Less |
TAX |
28.705 |
22.979 |
9.030 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
54.329 |
46.519 |
20.103 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
105.878 |
92.505 |
94.217 |
|
|
TOTAL IMPORTS |
105.878 |
92.505 |
94.217 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
72.44 |
62.03 |
26.8 |
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 |
87.520 |
20.582 |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operating activity |
NA |
63.950 |
2.582 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
24.00 |
14.53 |
30.72 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
15.21 |
25.12 |
11.88 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
150.55 |
138.98 |
189.84 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
2.31 |
2.21 |
1.41 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.32 |
1.07 |
0.59 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.49 |
0.43 |
0.54 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
(0.02) |
0.13 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
1.22 |
1.08 |
1.93 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.38 |
0.57 |
0.86 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
54.72 |
35.86 |
24.29 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
8.63 |
9.14 |
4.87 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
11.09 |
13.41 |
6.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
27.82 |
33.31 |
21.83 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.31 |
1.70 |
1.33 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.14 |
1.45 |
1.15 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.40 |
0.40 |
0.28 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
-0.29 |
1.57 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.31 |
1.70 |
1.33 |
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 |
7.500 |
7.500 |
7.500 |
|
Reserves & Surplus |
84.584 |
132.163 |
187.784 |
|
Net
worth |
92.084 |
139.663 |
195.284 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
11.745 |
(2.167) |
0.000 |
|
Total
borrowings |
11.745 |
(2.167) |
0.000 |
|
Debt/Equity
ratio |
0.128 |
(0.016) |
0.000 |
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 |
412.835 |
508.878 |
629.882 |
|
|
|
23.264 |
23.779 |
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 |
412.835 |
508.878 |
629.882 |
|
Profit |
20.103 |
46.519 |
54.329 |
|
|
4.87% |
9.14% |
8.63% |
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 |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last two/ 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 |
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 |
NOTE: Registered office of the company has been
shifted from “8, Amber Vihar, Kanti Nagar, Andheri (East), Mumbai – 400059,
Maharashtra, India, to the present address
w.e.f. 01.06.2009.
OPERATION:
The sales turnover of the company has increased in current year 2016-17 at INR 629.881 Million from INR 508.878 Million in 2015-16. The PAT of the company has increased to INR 54.329 Million in 2016-17 as against INR 46.519 Million in 2015-16. The sales and profit after tax are expected to increase in coming years.
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G72458458 |
10054186 |
STATE BANK OF INDIA |
14/05/2007 |
- |
20/12/2017 |
400000000.0 |
MIDC BRANCH, JALGAON-425001, MAHARASHTRA, INDIA |
|
2 |
G72460371 |
10108549 |
STATE BANK OF INDIA |
26/04/2007 |
- |
20/12/2017 |
400000000.0 |
MIDC BRANCH, JALGAON-425001, MAHARASHTRA, INDIA |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
- Vehicle
- Computer
Accessories
- Computer
Software
CMT REPORT (Corruption, Money Laundering
& Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No 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 : |
SPY |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.