|
|
|
MIRA INFORM REPORT
|
Report No. : |
486871 |
|
Report Date : |
19.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
DREAM PLAST INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Gat No.428, Building B4-B/C, Indospace Rohan Industrial Park, Off
Chakan – Talegaon Road, Mahalunge Ingale, Pune – 410501, Maharashtra |
|
Tel. No.: |
91-2135-626500 / 667884 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
03.12.2009 |
|
|
|
|
Com. Reg. No.: |
11-135105 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 225.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25200PN2009PTC135105 |
|
|
|
|
IEC No.: |
3109020912 |
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GSTIN: |
27AADCD2862K1ZH |
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|
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TIN/CST No.: |
27330763981 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AADCD2862K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
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|
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No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January
2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject was incorporated in the year 2009. It is engaged in manufacturer,
exporter and importer of plastic and plastic materials such as plastic promotional
toys, plastic box, plastic spoon, etc. As per the financial of 2017, the company has achieved a fair net
profit margin of 6.77% but has reported a decline in its revenue as compared
to the previous year. The company possesses moderate financial position marked by low
reserve base. Business is active. Payments are reported to be slow but correct. In view of aforesaid, the company can be considered for business
dealings with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Nitin |
|
Designation : |
Account Executive |
|
Contact No.: |
91-20-67445252 |
|
Date : |
18.01.2018 |
LOCATIONS
|
Registered Office/ Factory : |
Gat No.428, Building B4-B/C, Indospace Rohan Industrial Park, Off
Chakan – Talegaon Road, Mahalunge Ingale, Pune – 410501, Maharashtra, India |
|
Tel. No.: |
91-2135-626500/ 667884 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area: |
11000 Sq. Ft. |
|
Location: |
Rented |
|
Locality : |
Industrial |
|
|
|
|
Branch Office: |
Located at: · Baramati, Pune, Maharashtra, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Nitin Jitendra Gupta |
|
Designation : |
Managing Director |
|
Address : |
38 Chrrysalis, Lohegaon Road, Wagheshwar Temple, Wagholi, Pune - 412207, Maharashtra, India |
|
Date of Birth/Age : |
03.08.1974 |
|
Date of Appointment : |
01.12.2014 |
|
PAN No.: |
AFRPG7065B |
|
DIN No.: |
01486962 |
|
|
|
|
Name : |
Mr. Paolo Carlo Sunino |
|
Designation : |
Director |
|
Address : |
Via XXV, Aprile 13 Castellmonte To Italy 10081 |
|
Date of Birth/Age : |
25.01.1963 |
|
Date of Appointment : |
03.12.2009 |
|
DIN No.: |
02436230 |
|
|
|
|
Name : |
Mr. Marco Giuseppe Gilardino |
|
Designation : |
Director |
|
Address : |
Via XXV, Aprile 13 Catellmonte To Italy 10081 |
|
Date of Birth/Age : |
21.02.1963 |
|
Date of Appointment : |
03.12.2009 |
|
DIN No.: |
02436238 |
|
|
|
|
Name : |
Laura Matilde Maria Sunino |
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Designation : |
Director |
|
Address : |
Castellamonte, XXV Aprile 13 Castellamonte – 10081, IT |
|
Date of Birth/Age : |
09.01.1960 |
|
Date of Appointment : |
21.12.2015 |
|
DIN No.: |
06429219 |
KEY EXECUTIVES
|
Name : |
Ms. Nimisha Sharma |
|
Designation : |
Company Secretary |
|
Address : |
RH-38, Chrrysalis, Lohegaon Road, Wagholi, Pune – 412207, Maharashtra, India |
|
Date of Appointment : |
21.12.2016 |
|
PAN No.: |
CPLPS4866N |
|
|
|
|
Name : |
Mr. Nitin |
|
Designation : |
Account Executive |
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|
|
|
Name : |
Ms. Rajashree |
|
Designation : |
Office Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
%age |
|
Sunino S.p.A., Italy |
16875000 |
75.00 |
|
Plastic Legno S.P.A., Italy |
5625000 |
25.00 |
|
Total |
22500000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
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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 : |
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Products : |
Finished goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Credit |
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Purchasing : |
Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Manufacturer
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No. of Employees : |
300 (Approximately) |
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Bankers : |
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Auditors : |
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|
Name : |
P G Bhagwat Chartered Accountant |
|
Address : |
Suite No.101,102,Orchard,Dr. Pai Marg,Baner, Near Corporation Bank, Pune-411045, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFB0762E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
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Associates : |
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CAPITAL STRUCTURE
As on 28.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22500000 |
Equity Shares |
INR 10/- each |
INR 225.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22500000 |
Equity Shares |
INR 10/- each |
INR 225.000 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 |
225.000 |
225.000 |
225.000 |
|
(b) Reserves &
Surplus |
28.166 |
(43.041) |
(38.177) |
|
(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) |
253.166 |
181.959 |
186.823 |
|
|
|
||
|
(3) Non-Current
Liabilities |
|
||
|
(a) long-term borrowings |
307.743 |
362.497 |
288.776 |
|
(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 |
3.058 |
3.205 |
1.917 |
|
Total Non-current
Liabilities (3) |
310.801 |
365.702 |
290.693 |
|
|
|
||
|
(4) Current Liabilities |
|
||
|
(a) Short term borrowings |
0.058 |
0.000 |
0.000 |
|
(b) Trade payables |
378.675 |
529.632 |
413.090 |
|
(c) Other current
liabilities |
169.844 |
206.554 |
242.789 |
|
(d) Short-term provisions |
0.705 |
0.191 |
22.822 |
|
Total Current Liabilities
(4) |
549.282 |
736.377 |
678.701 |
|
|
|
||
|
TOTAL |
1113.249 |
1284.038 |
1156.217 |
|
|
|
||
|
II.
ASSETS |
|
||
|
(1) Non-current assets |
|
||
|
(a) Fixed Assets |
|
||
|
(i) Tangible assets |
546.489 |
606.666 |
352.402 |
|
(ii) Intangible Assets |
0.892 |
1.175 |
1.244 |
|
(iii) Capital
work-in-progress |
2.001 |
2.001 |
148.969 |
|
(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) |
12.463 |
12.917 |
13.160 |
|
(d) Long-term Loan and Advances |
35.603 |
52.306 |
87.462 |
|
(e) Other Non-current
assets |
8.443 |
5.443 |
18.492 |
|
Total Non-Current Assets |
605.891 |
680.508 |
621.729 |
|
|
|
||
|
(2) Current assets |
|
||
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
268.808 |
300.850 |
230.220 |
|
(c) Trade receivables |
123.528 |
244.260 |
137.146 |
|
(d) Cash and cash
equivalents |
62.355 |
30.899 |
55.169 |
|
(e) Short-term loans and
advances |
10.466 |
4.786 |
7.279 |
|
(f) Other current assets |
42.201 |
22.735 |
104.674 |
|
Total Current Assets |
507.358 |
603.530 |
534.488 |
|
|
|
||
|
TOTAL |
1113.249 |
1284.038 |
1156.217 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1052.528 |
1206.821 |
841.376 |
|
|
Other Income |
4.986 |
23.602 |
0.585 |
|
|
TOTAL |
1057.514 |
1230.423 |
841.961 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
465.977 |
595.844 |
458.649 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
55.525 |
61.173 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
20.577 |
(62.816) |
(24.004) |
|
|
Employee benefit expense |
85.045 |
72.134 |
40.630 |
|
|
Other expenses |
373.412 |
427.651 |
328.835 |
|
|
Prior period items before tax |
0.000 |
0.000 |
0.000 |
|
|
Exceptional items before tax |
(51.708) |
36.748 |
(23.946) |
|
|
TOTAL |
893.303 |
1125.086 |
841.337 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
164.211 |
105.337 |
0.624 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
10.434 |
37.678 |
6.389 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
153.777 |
67.659 |
(5.765) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
65.219 |
72.280 |
(28.526) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
88.558 |
(4.621) |
22.761 |
|
|
|
|
|
|
|
Less |
TAX |
17.351 |
0.243 |
(11.760) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
71.207 |
(4.864) |
34.521 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
483.987 |
697.944 |
491.504 |
|
|
TOTAL EARNINGS |
483.987 |
697.944 |
491.504 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials &
components |
153.998 |
243.483 |
282.851 |
|
|
Capital Goods |
3.009 |
57.084 |
44.949 |
|
|
TOTAL IMPORTS |
157.007 |
300.567 |
327.800 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
3.17 |
(0.22) |
1.53 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
26.550 |
33.790 |
27.848 |
|
Net cash flows from (used in) operations |
71.961 |
78.797 |
162.825 |
|
Net cash flows from (used in) operating activities |
79.263 |
95.935 |
165.937 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
42.84 |
73.88 |
59.50 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
8.52 |
4.94 |
6.13 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
296.62 |
296.78 |
290.06 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.61 |
0.35 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.30 |
0.17 |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.79 |
0.88 |
0.86 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.32 |
2.18 |
1.69 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.17 |
4.05 |
3.63 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
2.17 |
3.35 |
2.69 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
15.74 |
2.80 |
0.10 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
6.77 |
(0.40) |
4.10 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
6.40 |
(0.38) |
2.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
28.13 |
(2.67) |
18.48 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.92 |
0.82 |
0.79 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.43 |
0.41 |
0.45 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.23 |
0.14 |
0.16 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1.49 |
1.76 |
1.41 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.92 |
0.82 |
0.79 |
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 |
225.000 |
225.000 |
225.000 |
|
Reserves & Surplus |
(38.177) |
(43.041) |
28.166 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
186.823 |
181.959 |
253.166 |
|
|
|
|
|
|
Long-term borrowings |
288.776 |
362.497 |
307.743 |
|
Short term borrowings |
0.000 |
0.000 |
0.058 |
|
Current maturities of
long-term debts |
27.848 |
33.790 |
26.550 |
|
Total
borrowings |
316.624 |
396.287 |
334.351 |
|
Debt/Equity
ratio |
1.695 |
2.178 |
1.321 |
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 |
841.376 |
1206.821 |
1052.528 |
|
|
|
43.434 |
(12.785) |
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 |
841.376 |
1206.821 |
1052.528 |
|
Profit/ (Loss) |
34.521 |
(4.864) |
71.207 |
|
|
4.10
% |
(0.40
%) |
6.77
% |
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 |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
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 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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Borrowing from foreign companies |
307.743 |
362.497 |
|
|
|
|
|
Short -term
Borrowings |
|
|
|
Loans and advances from others |
0.058 |
0.000 |
|
|
|
|
|
Total |
307.801 |
362.497 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C25172206 |
10523518 |
The Hongkong and Shanghai Banking Corporation Limited |
11/09/2014 |
- |
- |
22000000.0 |
BUND GARDEN BRANCH PUNE MAHARASHTRA 411001 INDIA |
|
2 |
G38528238 |
10612492 |
Axis Bank Limited |
31/12/2015 |
08/06/2016 |
23/02/2017 |
30000000.0 |
CORPORATE BANKING BRANCH, 214/215, CITY MALL PLOT NO.1, S.NO.132, GANESH KHIND ROAD PUNE MAHARASHTRA 411007 INDIA |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Income Tax matters |
5.270 |
5.270 |
|
Excise Duty |
15.182 |
15.182 |
FIXED ASSETS
- Land
- Buildings
- Plant and
Equipment’s
- Furniture and
Fixture
- Vehicles
- Office
Equipment’s
- Computer
Equipment’s
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 64.07 |
|
|
1 |
INR 82.77 |
|
Euro |
1 |
INR 70.55 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYT |
|
|
|
|
Analysis Done by
: |
SHW |
|
|
|
|
Report Prepared
by : |
RKI |
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.