|
|
|
MIRA INFORM REPORT
|
Report No. : |
486748 |
|
Report Date : |
18.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
GREY ORANGE INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
D-30, 1st Floor, Dayanand Block, Old Patparganj Road, Shakarpur,
Opposite Jain Mandir, New Delhi – 110092 |
|
Tel. No.: |
91-124-4206600 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
25.06.2014 |
|
|
|
|
Com. Reg. No.: |
55-268265 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 5.883 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74140DL2014PTC268265 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GST No.: |
07AAFCG6416L1ZE |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCG6416L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the Sales,
Trading, Marketing, Production and Assembly of Products and Parts for
Warehousing Automations.
[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 2000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is wholly owned subsidiary of “Grey Orange Pte Limited”,
Singapore. The company was incorporated in the year 2014. It is engaged manufacturing
all kinds of Electrical and Electronic products. For the financial year 2017, the revenue of the company has increased
by 73.94% but has incurred operational loss. The satisfactory financial profile of the company is marked by sufficient
networth base along with strong debt coverage indicators due to debt free
balance sheet profile. Rating takes into consideration strong financial and managerial
support that company receives from its holding entity by its well experience
management team. However, rating strengths are partially offset by continue loss
incurred by the company. Business is active. Payment are reported to be slow but correct. 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 |
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 18.01.2018.
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. Chandresh Mishra |
|
Designation : |
Receptionist |
|
Contact No.: |
91-124-4217500 |
|
Date : |
17.01.2018 |
LOCATIONS
|
Registered Office : |
D-30, 1st Floor, Dayanand Block, Old Patparganj Road,
Shakarpur, Opposite Jain Mandir, New Delhi – 110092, India |
|
Tel. No.: |
91-11-24206600 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
Orient Bestech Business Tower, NH8, 2nd Floor, Black A,Sector 34, Gurugram – 122004, Haryana, India |
|
Tel. No.: |
91-124-4211500/ 3926800 |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Naveen Boppana |
||||||||
|
Designation : |
Additional Director |
||||||||
|
Address : |
4-47, Angaluru, Gudlavalleru, Krishna Dt -521330, Andhra
Pradesh, India |
||||||||
|
Date of Birth: |
17.03.1989 |
||||||||
|
Date of Appointment : |
01.04.2017 |
||||||||
|
DIN No.: |
06957730 |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Vartul Jain |
||||||||
|
Designation : |
Whole-time Director |
||||||||
|
Address : |
401, Tower-7, Theeclose North, Nirvana Country, Sector-50, Gurugram – 122018, Haryana, India |
||||||||
|
Date of Birth: |
19.11.1977 |
||||||||
|
Date of Appointment : |
16.01.2017 |
||||||||
|
DIN No.: |
07704667 |
||||||||
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Akash Gupta |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
245/8B, Panchkuian Road, Railway Colony, Delhi – 110001,
India |
||||||||
|
Date of Birth: |
22.10.1989 |
||||||||
|
Date of Appointment : |
25.06.2014 |
||||||||
|
DIN No.: |
03455791 |
||||||||
KEY EXECUTIVES
|
Name : |
Mr. Chandresh Mishra |
|
Designation : |
Receptionist |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Grey Orange Pte Limited |
|
588344 |
|
Akash Gupta |
|
1 |
|
|
|
|
|
Total |
|
588345 |
AS ON: 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Body corporate) |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the
Sales, Trading, Marketing, Production and Assembly of Products and Parts for
Warehousing Automations. [Registered
Activity] |
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Products : |
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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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|
||||||
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Imports : |
Not Divulged |
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|
|
||||||
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Terms : |
|
||||||
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Selling : |
Not Divulged |
||||||
|
|
|
||||||
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
||||||||||||||||||||||
|
Customers : |
· Delhivery · Ninja Van · Mahindra · Jabong · DTDC · Ekart · Sodimac · Flipkart · Aramex · Gojavas, etc |
||||||||||||||||||||||
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|
||||||||||||||||||||||
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No. of Employees : |
Not Divulged |
||||||||||||||||||||||
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|
||||||||||||||||||||||
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Bankers : |
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi and Associates Chartered Accountants |
|
Address : |
Golf View Corporate Tower-B, Sector-42, Sector Road, Gurgaon - 122002,
Haryana, India |
|
Tel. No.: |
91-124-4624000 |
|
Fax No.: |
91-124-4624060 |
|
Income-tax
PAN of auditor or auditor's firm : |
ACHFS9118A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Ultimate Holding Company: |
Aksam Pte. Limited |
|
|
|
|
Holding Company : |
Grey Orange Pte. Limited |
|
|
|
|
Fellow Subsidiary
Companies: |
·
Rubix India Private Limited · Rubix Pte. Limited · Grey Orange GMBH |
|
|
|
|
Other Related
Party: |
Grey Orange Robotics Private Limited, India |
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 |
|
|
|
|
|
|
588345 |
Equity Shares |
INR 10/- each |
INR 5.883 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 |
5.883 |
5.883 |
0.767 |
|
(b) Reserves & Surplus |
696.587 |
1005.354 |
107.179 |
|
(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) |
702.470 |
1011.237 |
107.946 |
|
|
|
|
|
|
(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 |
16.231 |
1.697 |
0.000 |
|
(d)
long-term provisions |
8.623 |
3.008 |
0.767 |
|
Total
Non-current Liabilities (3) |
24.854 |
4.705 |
0.767 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
176.122 |
86.825 |
12.941 |
|
(c)
Other current liabilities |
418.070 |
67.016 |
41.393 |
|
(d)
Short-term provisions |
7.732 |
3.908 |
1.129 |
|
Total
Current Liabilities (4) |
601.924 |
157.749 |
55.463 |
|
|
|
|
|
|
TOTAL |
1329.248 |
1173.691 |
164.176 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
55.309 |
27.105 |
17.965 |
|
(ii)
Intangible Assets |
18.619 |
5.637 |
0.055 |
|
(iii)
Capital work-in-progress |
0.000 |
16.982 |
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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
53.642 |
67.542 |
1.177 |
|
(e)
Other Non-current assets |
1.327 |
1.131 |
1.116 |
|
Total
Non-Current Assets |
128.897 |
118.397 |
20.313 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
162.081 |
581.999 |
0.000 |
|
(b)
Inventories |
402.673 |
155.883 |
18.770 |
|
(c)
Trade receivables |
285.862 |
74.758 |
5.055 |
|
(d)
Cash and cash equivalents |
263.475 |
196.706 |
112.773 |
|
(e)
Short-term loans and advances |
86.109 |
43.271 |
6.861 |
|
(f)
Other current assets |
0.151 |
2.677 |
0.404 |
|
Total
Current Assets |
1200.351 |
1055.294 |
143.863 |
|
|
|
|
|
|
TOTAL |
1329.248 |
1173.691 |
164.176 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
758.687 |
436.188 |
31.754 |
|
|
|
Other Income |
64.417 |
29.586 |
0.868 |
|
|
|
TOTAL |
823.104 |
465.774 |
32.622 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
439.113 |
278.850 |
23.054 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(138.852) |
(39.373) |
0.000 |
|
|
|
Employees benefits expense |
469.444 |
214.075 |
36.068 |
|
|
|
Other expenses |
336.227 |
118.233 |
15.396 |
|
|
|
TOTAL |
1105.932 |
571.785 |
74.518 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
(282.828) |
(106.011) |
(41.896) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.205 |
0.316 |
0.047 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
(283.033) |
(106.327) |
(41.943) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
25.734 |
13.334 |
3.849 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
(308.767) |
(119.661) |
(45.792) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
(308.767) |
(119.661) |
(45.792) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F.O.B. Value of Exports |
113.753 |
4.274 |
9.505 |
|
|
|
Service Income |
154.560 |
27.524 |
0.264 |
|
|
TOTAL EARNINGS |
268.313 |
31.798 |
9.769 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
186.377 |
176.437 |
9.622 |
|
|
|
Capital Goods |
0.020 |
3.239 |
0.246 |
|
|
TOTAL IMPORTS |
186.397 |
179.676 |
9.868 |
|
|
|
|
|
|
|
|
|
|
Earnings/(Loss)
Per Share (INR) |
(525.00) |
(248.00) |
(2316.00) |
|
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 |
(362.831) |
(331.541) |
(19.076) |
|
|
|
|
|
|
Net Cash flow (used in) Operating Activities |
(367.008) |
(335.786) |
(19.163) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
137.53 |
62.56 |
58.11 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.65 |
5.83 |
6.28 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
146.40 |
113.65 |
204.89 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
(0.70) |
(0.68) |
(2.23) |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
(3.83) |
(2.13) |
(2.32) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.45 |
0.13 |
0.34 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.86 |
0.16 |
0.51 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.11 |
0.05 |
0.17 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
(1379.65) |
(335.48) |
(891.40) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
(40.70) |
(27.43) |
(144.21) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(23.23) |
(10.20) |
(27.89) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(43.95) |
(11.83) |
(42.42) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.99 |
6.69 |
2.59 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.33 |
5.70 |
2.26 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.53 |
0.86 |
0.66 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.99 |
6.69 |
2.59 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
0.767 |
5.883 |
5.883 |
|
Reserves & Surplus |
107.179 |
1005.354 |
696.587 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
107.946 |
1011.237 |
702.470 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
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 |
31.754 |
436.188 |
758.687 |
|
|
|
1,273.647 |
73.936 |
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 |
31.754 |
436.188 |
758.687 |
|
Profit/(Loss) |
(45.792) |
(119.661) |
(308.767) |
|
|
(144.21%) |
(27.43%) |
(40.70%) |
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 |
|
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 |
INDEX OF CHARGES: NO
CHARGES EXISTS FOR COMPANY
CORPORATE INFORMATION
The company was incorporated on June 25, 2014 as a private limited
company, the company is a wholly owned of Grey Orange Pte Limited, a company incorporated
at Singapore. The company is engaged in the sales, trading, marketing,
production and assembly of products and parts for warehousing automations.
FINANCIAL RESULTS
AND PERFORMANCE
The company was in its third year of operations. During the period, the
company earned revenue of INR 823.104 million as compared to the revenue of INR
465.774 million in the previous year and incurred a loss of INR 308.777. The
directors are hopeful of better performance and stabilizing its position in the
next year. \
OPERATIONS DURING
THE YEAR AND FUTURE OUTLOOK
During the year the company incurred a loss of INR 308.767 million as
this was the third year of operations. Further, the directors are hopeful of
better performance and stabilizing its position in subsequent years.
FIXED ASSETS:
·
Computers
·
Furniture and Fixture
·
Office Equipment
·
Vehicles
·
Plant and Machinery
·
Leasehold Improvement
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 63.98 |
|
UK Pound |
1 |
INR 88.13 |
|
Euro |
1 |
INR 78.35 |
INFORMATION
DETAILS
|
Information
Gathered by : |
PMN |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.