|
|
|
MIRA INFORM REPORT
|
Report No. : |
485587 |
|
Report Date : |
19.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
COSMOS HANDICRAFTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
F666/667, 4th Phase, RIICO Industrial Area, Boranada, Jodhpur –
342012, Rajasthan |
|
Tel. No.: |
91-2931-281596 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
29.09.2003 |
|
|
|
|
Com. Reg. No.: |
17-018619 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 0.945 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36998RJ2003PTC018619 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GSTIN No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCC3653J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer,
Product, Design and Dealing in Handicraft items made of wooden, iron carpets,
glassware, etc. [Registered Activity] |
|
|
|
|
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 39600 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Cosmos Handicrafts Private Limited was incorporated in the year 2003. It
is a manufacturer of all types of Handicrafts Items made of Wooden, Iron and
Carpets. For the financial year 2017, the revenue of the company has decreased
by 24.82% but has managed to maintained average profit margin of 5.34%. The rating takes into consideration the satisfactory financial profile
of the company marked by comfortable networth base along with negligible debt
level. Business is active. Payments are reported to be slow but 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
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 19.01.2018.
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. Ghanshyam Bajaj |
|
Designation : |
Director |
|
Contact No.: |
91-9214496096 |
|
Date : |
14.01.2018 |
LOCATIONS
|
Registered Office : |
F666/667, 4TH Phase, RIICO Industrial Area, Boranada
Jodhpur – 342012, Rajasthan |
|
Tel. No.: |
91-2931-281596 |
|
Mobile No.: |
91-9214496096 (Mr. Ghanshyam Bajaj) |
|
Fax No.: |
Not Available |
|
PAN No.: |
AACCC3653J |
|
E-Mail : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Ghanshyam Bajaj |
|
Designation : |
Director |
|
Address : |
Bajaj Gali, Sadar Bazar, Kekri – 305404, Rajasthan, India |
|
Date of Birth/Age : |
23.11.1979 |
|
Date of Appointment : |
29.09.2003 |
|
DIN No.: |
00462707 |
|
|
|
|
Name : |
Mr. Rajendra Prasad Bajaj |
|
Designation : |
Director |
|
Address : |
Bajaj Gali, Sadar Bazar, Kekri – 305404, Rajasthan, India |
|
Date of Birth/Age : |
08.09.1950 |
|
Date of Appointment : |
30.09.2004 |
|
DIN No.: |
00462714 |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Ghanshyam Bajaj |
36500 |
38.62 |
|
Rajendra Prasad Bajaj |
38000 |
40.22 |
|
Rajendra Prasad Bajaj HUF |
20000 |
21.16 |
|
Total |
94500 |
100.00 |
AS ON 30.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters – [Individual/Hindu Undivided Family – Indian] |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer,
Product, Design and Dealing in Handicraft items made of wooden, iron carpets,
glassware, etc. [Registered Activity] |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
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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||||||||||||||||||||||
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No. of Employees : |
Information denied by the management |
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Bankers : |
|
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Facilities : |
Notes: SHORT TERM BORROWINGS: Repayment of Overdraft Facility and Details of Security. The Overdraft facility from bank is repayable on demand and is secured
by way of hypothecation of stock and receivables and equitable mortgage of
land and building situated at F-666/667, Boranada Industrial Area, Phase IV,
Jodhpur along with personal guarantees of directors. |
|
Auditors : |
|
|
Name : |
M.G. Chandak and Associates Chartered Accountants |
|
Address : |
27/13, Shilpmani, Adarsh Society, Near Shastri Circle, Jodhpur –
342003, Rajasthan, India |
|
Tel No.: |
91-0291-2742979 |
|
E-Mail: |
|
|
PAN No.: |
AAKPC4500H |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Other Related Parties: |
|
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
INR 10/- each |
INR 1.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
94500 |
Equity Shares |
INR 10/- each |
INR 0.945 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 |
0.945 |
0.945 |
0.945 |
|
(b) Reserves &
Surplus |
12.925 |
9.845 |
6.193 |
|
(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) |
13.870 |
10.790 |
7.138 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
1.864 |
3.586 |
1.597 |
|
(b) Deferred tax
liabilities (Net) |
0.089 |
0.257 |
0.396 |
|
(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) |
1.953 |
3.843 |
1.993 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.375 |
0.663 |
3.804 |
|
(b) Trade payables |
6.558 |
3.507 |
11.269 |
|
(c) Other current
liabilities |
0.111 |
2.416 |
1.135 |
|
(d) Short-term provisions |
(0.103) |
0.250 |
0.162 |
|
Total Current Liabilities
(4) |
6.941 |
6.836 |
16.370 |
|
|
|
|
|
|
TOTAL |
22.764 |
21.469 |
25.501 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
6.078 |
6.467 |
6.307 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
6.351 |
4.053 |
0.122 |
|
(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 |
0.100 |
0.148 |
0.147 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
12.529 |
10.668 |
6.576 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.350 |
3.617 |
1.254 |
|
(c) Trade receivables |
8.120 |
4.754 |
13.300 |
|
(d) Cash and cash
equivalents |
0.267 |
0.170 |
0.331 |
|
(e) Short-term loans and
advances |
1.498 |
2.260 |
4.040 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
10.235 |
10.801 |
18.925 |
|
|
|
|
|
|
TOTAL |
22.764 |
21.469 |
25.501 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
57.734 |
76.798 |
42.616 |
|
|
Other Income |
8.791 |
5.483 |
5.770 |
|
|
TOTAL |
66.525 |
82.281 |
48.386 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
47.143 |
64.686 |
37.234 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
3.342 |
(2.363) |
(0.478) |
|
|
Employees benefits
expense |
5.849 |
5.641 |
3.606 |
|
|
Other expenses |
4.296 |
7.188 |
2.247 |
|
|
TOTAL |
60.630 |
75.152 |
42.609 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
5.895 |
7.129 |
5.777 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.281 |
0.640 |
0.554 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
5.614 |
6.489 |
5.223 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
1.219 |
1.125 |
1.254 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
4.395 |
5.364 |
3.969 |
|
|
|
|
|
|
|
Less |
TAX |
1.314 |
1.712 |
1.287 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
3.081 |
3.652 |
2.682 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
9.845 |
6.193 |
3.585 |
|
|
|
|
|
|
|
Add |
Adjustment for Depreciation as per Schedule II of Companies
Act, 2013 |
0.000 |
0.000 |
(0.074) |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
12.926 |
9.845 |
6.193 |
|
|
|
|
|
|
|
|
Earnings
per equity Share |
|
|
|
|
|
Basic |
32.60 |
38.64 |
28.38 |
|
|
Diluted |
32.60 |
38.64 |
28.38 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current
Maturities of Long term debt |
|
|
|
|
SBB & J, Boranada, Jodhpur |
0.000 |
0.648 |
0.000 |
|
Interest accrued and due |
0.000 |
0.101 |
0.000 |
|
Total |
0.000 |
0.749 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activities |
6.394 |
6.090 |
7.378 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income *
365] |
51.34 |
22.59 |
113.91 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
7.11 |
16.15 |
3.20 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
50.77 |
19.79 |
110.47 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
16.84 |
1.97 |
4.61 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.47 |
0.68 |
0.90 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.39 |
0.52 |
0.70 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.16 |
0.46 |
0.76 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.50 |
0.63 |
2.29 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.90 |
0.97 |
0.90 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
20.98 |
11.14 |
10.43 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
5.34 |
4.76 |
6.29 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
13.53 |
17.01 |
10.52 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
22.21 |
33.85 |
37.57 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.47 |
1.58 |
1.16 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.42 |
1.05 |
1.08 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.61 |
0.50 |
0.28 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
2.37 |
5.29 |
5.72 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.47 |
1.58 |
1.16 |
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 |
0.945 |
0.945 |
0.945 |
|
Reserves & Surplus |
6.193 |
9.845 |
12.925 |
|
Net
worth |
7.138 |
10.790 |
13.870 |
|
|
|
|
|
|
Long Term borrowings |
1.597 |
3.586 |
1.864 |
|
Short Term borrowings |
3.804 |
0.663 |
0.375 |
|
Current Maturities of Long term debt |
0.000 |
0.749 |
0.000 |
|
Total
borrowings |
5.401 |
4.998 |
2.239 |
|
Debt/Equity
ratio |
0.757 |
0.463 |
0.161 |
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
|
42.616 |
76.798 |
57.734 |
|
|
|
80.209 |
(24.824) |
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
|
42.616 |
76.798 |
57.734 |
|
Profit |
2.682 |
3.652 |
3.081 |
|
|
6.29% |
4.76% |
5.34% |
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 |
Yes |
|
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 |
Note: The registered office
of the company has been shifted from “37 A-J Ajit Colony, Jodhpur, Rajasthan,
India” to the present address w.e.f 29.09.2003.
COMPANY
PERFORMANCE
During the period business of the company affected adversely due to
various government and international factor. Turnover of the company reduced to
INR 57.700 Million as against INR 76.800 million during the previous year. Net
profit of the company also reduced in line with the same and recorded at INR
3.081 million as against INR 3.652 million during the previous year. Management
hopes to maintain and improve the performance of the company in coming years.
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and Advances from Related Parties |
|
|
|
Ghanshyam Bajaj -
Director |
0.993 |
0.158 |
|
Rajendra Prasad
Bajaj - Director |
0.871 |
1.276 |
|
Total |
1.864 |
1.434 |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G43985357 |
10095684 |
State Bank of India |
20/03/2008 |
30/04/2017 |
- |
12500000.0 |
JHANWAR PHATA, E-69, INDUSTRIAL AREA BORANADA JODHPUR – 342001, RAJASTHAN, INDIA |
|
2 |
G43845544 |
10603128 |
State Bank of Bikaner and Jaipur |
17/11/2015 |
- |
30/04/2017 |
4250000.0 |
BORANADA BRANCH, INDUSTRIAL ESTATE JODHPUR 342001, RAJASTHAN, INDIA |
|
3 |
C65415788 |
10095882 |
STATE BANK OF BIKANER AND JAIPUR |
20/03/2008 |
- |
14/09/2015 |
2000000.0 |
RASECC BRANCH1ST FLOOR, JALORI GATE JODHPUR – 342001, RAJASTHAN, INDIA |
|
4 |
A33594086 |
90067002 |
Punjab National Bank |
15/02/2000 |
20/07/2006 |
10/03/2008 |
800000.0 |
M.G.H. ROAD JODHPUR -342010, RAJASTHAN, INDIA |
FIXED ASSETS:
Tangible Assets
- Land (Leasehold)
- Building
- Motor Cars
- Computer Equipments
- Furniture and Fixture
- Electrical Installation
- Mobile Camera
- Plant and Machinery
- Camera
- Office Equipment
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 63.84 |
|
|
1 |
INR 88.28 |
|
Euro |
1 |
INR 77.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
PJP |
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.