|
|
|
MIRA INFORM REPORT
|
Report No. : |
486978 |
|
Report Date : |
19.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
PURMA PLAST PRIVATE LIMITED (TRANSFER FROM WEST BENGAL TO
RAJASTHAN) |
|
|
|
|
Registered
Office : |
B-494, RIICO Industrial Area, Phase-I, Bhiwadi, Alwar – 301019,
Rajasthan |
|
Tel. No.: |
91- 149-3221436 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
30.01.1997 |
|
|
|
|
Com. Reg. No.: |
17-014519 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 15.880 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209RJ1997PTC014519 |
|
|
|
|
IEC No.: |
1398004561 |
|
|
|
|
GSTIN No.: |
08AABCP7978G1ZX |
|
|
|
|
TIN No.: |
08580851069 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCP7978G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer
of Plastic Pipes, HDPE Pipes etc. [Registered Activity and Confirmed by
management] |
|
|
|
|
No. of Employees
: |
100 (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 |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Purma Plast Private
Limited is a manufacturer of plastic pipes, HDPE pipes etc. The company was incorporated
in the year 1997 and is based in Rajasthan, India. It is an established
company having satisfactory track record.
The company possesses an acceptable financial profile marked by satisfactory net worth base along with fair debt level and favorable gap between trade payables to its trade receivables.
|
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 PARTED BY
|
Name : |
Mr. Sonu Bansal |
|
Designation : |
Account and Finance Department |
|
Contact No.: |
91-8580851069 |
|
Date : |
18.01.2018 |
LOCATIONS
|
Registered Office/ Factory: |
B-494, RIICO Industrial Area, Phase-I, Bhiwadi, Alwar – 301019,
Rajasthan, India |
|
Tel. No.: |
91- 1493-221436/ 221436 |
|
Mobile No.: |
91-8580851069 [Mr. Sonu Bansal] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
8000 Sq. ft. |
|
Location : |
Leased |
|
Locality : |
Industrial |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Raghuveer Sharma |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
I-74, Jadunath Enclave Army Colony, Sector-29, Faridabad -121001, Haryana, India |
||||||||||||||||||||
|
Date of Birth/Age : |
12.06.1965 |
||||||||||||||||||||
|
Date of Appointment : |
28.03.2011 |
||||||||||||||||||||
|
DIN No.: |
00328455 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
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|
|
||||||||||||||||||||
|
Name : |
Mr. Raj Kumar Jhunjhunwala |
||||||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||||||
|
Address : |
Flat No-D3, 3rd Floor 1,Harcut First Bye Lane, Howrah – 711101, West Bengal, India |
||||||||||||||||||||
|
Date of Appointment : |
01.10.2013 |
||||||||||||||||||||
|
DIN No.: |
00029404 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Sonu Bansal |
|
Designation : |
Account and Finance |
MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Shyam Sunder Periwal S/o C. L. Periwal |
|
35000 |
|
Madhu Maheshwari S/o K.K. Maheshwari |
|
7500 |
|
Mahendra Kumar Maroo S/o Kalyan Mal Maroo |
|
9000 |
|
Subhas Bothra S/o |
|
10000 |
|
Pioneer Polyfeb Limited, India |
|
120000 |
|
Ideal Plaza Private Limited, India |
|
100000 |
|
Sheela Timber Industrial Limited, India |
|
120000 |
|
Sarda International Limited, India
|
|
80000 |
|
Amit Kumar Agarwal |
|
16000 |
|
Kasha Prasad Agarwal |
|
4000 |
|
Pioneer Plastic Industries Limited, India |
|
159500 |
|
Badridas Investment Company Limited, India |
|
257500 |
|
Purma Overseas Private Limited, India |
|
247500 |
|
Pioneer Protect Limited, India |
|
57000 |
|
Periwal Industrial Corporation Limited, India |
|
62500 |
|
Outlook DEalcom Private Limited, India |
|
302500 |
|
Total |
|
1588000 |
AS ON 30.09.2016
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Public/ Other than Promoters – [Individual/Hindu Undivided Family – Indian] |
5.13 |
|
Public/ Other than Promoters – Promoters – [Bodies corporate] |
94.87 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
of Plastic Pipes, HDPE Pipes etc. [Registered Activity and Confirmed by
management] |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
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|
|
|
||||
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Exports : |
Not Available |
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|
|
|
||||
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Imports : |
|
||||
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Products : |
Raw Material |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash L/C and Credit (30,60 Days) |
||||
|
|
|
||||
|
Purchasing : |
Cash L/C and Credit (30,60 Days) |
PRODUCTION STATUS – (As On 31.03.2016)
|
Particulars |
Qty [MT] |
|
|
|
|
HDPE/PPR Pipes, Fittings and Sprinkler Parts |
4950.563 |
|
|
|
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
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Customers : |
Wholesalers, Retailers and End Users
|
|||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||||
|
No. of Employees : |
100 (Approximately) |
|||||||||||||||||||||||||||||||||
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|
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Bankers : |
|
|||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Ravi Jain and Associates Chartered Accountants |
|
Address : |
309, Navjeevan Complex, 29, Station Road, Jaipur – 302006, Rajasthan, India |
|
Tel. No.: |
91-141-2361034 |
|
Mobile No.: |
91-9414393317 |
|
PAN No.: |
AAUPJ9872D |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates Companies: [As On 31.03.2016] |
|
CAPITAL STRUCTURE
AS ON 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1750000 |
Equity Shares |
INR 10/- each |
INR 17.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1588000 |
Equity Shares |
INR 10/- each |
INR 15.880 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
15.880 |
12.880 |
12.880 |
|
(b) Reserves &
Surplus |
45.618 |
35.060 |
29.396 |
|
(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) |
61.498 |
47.940 |
42.276 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
26.987 |
26.000 |
26.347 |
|
(b) Deferred tax
liabilities (Net) |
0.666 |
1.298 |
1.436 |
|
(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) |
27.653 |
27.298 |
27.783 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
132.262 |
149.836 |
130.907 |
|
(b) Trade payables |
56.766 |
42.807 |
15.083 |
|
(c) Other current
liabilities |
30.854 |
32.593 |
17.644 |
|
(d) Short-term provisions |
0.000 |
1.200 |
0.000 |
|
Total Current Liabilities
(4) |
219.882 |
226.436 |
163.634 |
|
|
|
|
|
|
TOTAL |
309.033 |
301.674 |
233.693 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
40.187 |
39.298 |
31.866 |
|
(ii) Intangible Assets |
0.007 |
0.009 |
0.054 |
|
(iii) Capital
work-in-progress |
0.560 |
0.555 |
5.657 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.021 |
0.021 |
0.021 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.099 |
0.164 |
0.013 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
40.874 |
40.047 |
37.611 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
101.759 |
95.449 |
57.208 |
|
(c) Trade receivables |
127.772 |
138.225 |
121.599 |
|
(d) Cash and cash
equivalents |
21.869 |
18.918 |
6.563 |
|
(e) Short-term loans and
advances |
16.759 |
9.035 |
10.712 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
268.159 |
261.627 |
196.082 |
|
|
|
|
|
|
TOTAL |
309.033 |
301.674 |
233.693 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
629.728 |
432.089 |
581.109 |
|
|
Other Income |
3.664 |
9.018 |
0.692 |
|
|
TOTAL |
633.392 |
441.107 |
581.801 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
476.854 |
382.547 |
506.697 |
|
|
Purchases of
Stock-in-Trade |
19.834 |
10.166 |
17.545 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
4.476 |
(40.890) |
(21.074) |
|
|
Employees benefits
expense |
25.111 |
14.492 |
11.566 |
|
|
Other expenses |
67.714 |
37.206 |
43.438 |
|
|
TOTAL |
593.989 |
403.521 |
558.172 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
39.403 |
37.586 |
23.629 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
24.882 |
21.728 |
12.438 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
14.521 |
15.858 |
11.191 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
8.351 |
7.878 |
4.752 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
6.170 |
7.980 |
6.439 |
|
|
|
|
|
|
|
Less |
TAX |
1.926 |
2.610 |
2.039 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
4.244 |
5.370 |
4.400 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
23.060 |
17.396 |
12.996 |
|
|
|
|
|
|
|
Add |
Adjustment in fixed
assets |
(0.587) |
0.294 |
0.000 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
26.717 |
23.060 |
17.396 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
2.67 |
4.17 |
3.42 |
|
Particulars |
|
|
31.03.2017 |
|
Sales Turnover (Approximately) |
|
|
650.000 |
|
|
|
|
|
The above information has been parted by Mr. Sonu Bansal [Account and
Finance]
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
0.659 |
0.347 |
3.593 |
|
Cash generated from operations |
25.617 |
45.818 |
21.431 |
|
Net cash flow from operating activities |
23.059 |
43.070 |
20.117 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days [Sundry Debtors / Income *
365] |
74.06 |
116.76 |
76.38 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
4.93 |
3.13 |
4.78 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
41.72 |
39.79 |
10.50 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.39 |
0.39 |
0.41 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.97 |
0.94 |
0.63 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.80 |
0.84 |
0.83 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
2.60 |
3.68 |
3.80 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
3.58 |
4.72 |
3.87 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.66 |
0.83 |
0.89 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.58 |
1.73 |
1.90 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
0.67 |
1.24 |
0.76 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.37 |
1.78 |
1.88 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
6.90 |
11.20 |
10.41 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.22 |
1.16 |
1.20 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.76 |
0.73 |
0.85 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.20 |
0.16 |
0.18 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
10.07 |
13.68 |
12.49 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.22 |
1.16 |
1.20 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
12.880 |
12.880 |
15.880 |
|
Reserves & Surplus |
29.396 |
35.060 |
45.618 |
|
Net
worth |
42.276 |
47.940 |
61.498 |
|
|
|
|
|
|
Long Term borrowings |
26.347 |
26.000 |
26.987 |
|
Short Term borrowings |
130.907 |
149.836 |
132.262 |
|
Current Maturities of Long term debt |
3.593 |
0.347 |
0.659 |
|
Total
borrowings |
160.847 |
176.183 |
159.908 |
|
Debt/Equity
ratio |
3.805 |
3.675 |
2.600 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
581.109 |
432.089 |
629.728 |
|
|
|
(25.644) |
45.740 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
581.109 |
432.089 |
629.728 |
|
Profit |
4.400 |
5.370 |
4.244 |
|
|
0.76% |
1.24% |
0.67% |
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 |
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 |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
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 LOANS:
|
Particulars |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
Long-term
Borrowings |
|
|
|
Loans from Body Corporate |
26.000 |
26.000 |
|
Short-term
borrowings |
0.000 |
0.000 |
|
Loans from Body Corporate |
88.350 |
74.250 |
|
Total |
114.350 |
100.250 |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
Claims against the Company not acknowledge as Debts |
|
|
|
Income Tax Matters |
0.016 |
0.016 |
|
Sales Tax Matters |
0.310 |
0.310 |
|
Guarantees |
54.554 |
34.389 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C44684389 |
10551305 |
HDFC BANK LIMITED |
23/02/2015 |
- |
- |
100000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI – 400013, MAHARASHTRA, INDIA |
|
2 |
C56846884 |
10279598 |
HDFC BANK LIMITED |
09/03/2011 |
24/06/2015 |
- |
158200000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI – 400013, MAHARASHTRA, INDIA |
FIXED ASSETS:
Tangible Assets
·
Land
·
Building
·
Furniture and Fixture
·
Moulds and Dies
·
Generator
·
Electrical Installment
·
Testing Equipment
·
Office Equipment
·
Computer Hardware
·
Vehicles
Intangible Assets
- 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 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 78.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
GEET |
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.