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MIRA INFORM REPORT
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Report No. : |
487836 |
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Report Date : |
24.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
RAJKAMAL INDUSTRIAL PRIVATE LIMITED |
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Registered
Office : |
401, Dev Arc Corporate, Above Croma, Opposite Big Bazar, Iscon Cross Road,
S.G. Highway, Ahmedabad - 380015, Gujarat |
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Tel. No.: |
91-79-26920776/1076/0976 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
20.06.2012 |
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Com. Reg. No.: |
04-070829 |
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Capital
Investment / Paid-up Capital : |
INR 10.000 Million |
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CIN No.: [Company Identification
No.] |
U24100GJ2012PTC070829 |
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IEC No.: |
0808004654 |
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TIN No.: |
24074000021 |
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CST No.: |
24574000021 |
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GSTIN : |
24AAFCR9382N1ZO |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAFCR9382N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
· Trading of petroleum and chemical products (Registered Activity) · Manufacturer, dealers in all types, forms (solid, liquid and gaseous) and of all kinds of chemicals and chemical compounds (organic and inorganic) heavy chemicals, lubricant oil, petroleum products, acids, alkalies, tannin and tannin extracts, solvents, dyestuffs, dyes, pigments, colours, resins, chemicals, auxilliaries, bio chemicals, microcrystalline, bion and colloidal chemical, including coating materialsl natural and synthetic polymerised products, sparay dried products, synthesized coating spreads, carbon and intermediates, derivatives suspensions, gels, powders, formulations, downstreams, ingreadints and by-products and their related prepartions articles and products. (As per Memorandum of Association) |
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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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2012 having satisfactory track record. For the financial year 2017, the company has achieved decent growth in its revenue as compared to its previous year but has reported thin profit margin during the year. Rating takes into consideration, the satisfactory financial risk profile marked by adequate net worth base and strong debt protection metric. Rating continue to derive strength from its established track record of its business operation backed by its well experienced management team. However, rating strength partially offset by vulnerability of its operating margins to volatility in raw material prices and its working capital intensive operations. Trade relations are reported as fair. Payment terms are reported to be usually 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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Rating |
Not Available |
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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 24.01.2018
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 : |
Ms. Rinku Patel |
|
Designation : |
Accounts Department |
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Contact No.: |
91-79-26920776 |
|
Date : |
23.01.2018 |
LOCATIONS
|
Registered Office / Factory: |
401, Dev Arc Corporate, Above Croma, Opposite Big Bazar, Iscon Cross Road, S.G. Highway, Ahmedabad - 380015, Gujarat, India |
|
Tel. No.: |
91-79-26920776/1076/0976 |
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Fax No.: |
91-79-26920776/1076/0976 |
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E-Mail : |
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Website : |
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Location: |
Owned |
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Locality: |
Commercial |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Bhadresh Chinubhai Mehta |
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Designation : |
Director |
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Address : |
11, Ashirvad Part-4, Opposite Krishna Bungalows, Prahaladnagar Garden, Vejalpur, Ahmedabad– 380051, Gujarat, India |
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Date of Birth/Age : |
05.10.1954 |
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Date of Appointment : |
20.06.2012 |
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PAN No.: |
ABEPM2660D |
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DIN No.: |
05158706 |
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|
|
|
Name : |
Mr. Meet Bhadresh Mehta |
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Designation : |
Director |
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Address : |
11, Ashirvad Part-4, Opposite Krishna Bungalows, Prahaladnagar Garden,
Vejalpur, Ahmedabad– 380051, Gujarat, India |
|
Date of Birth/Age : |
11.09.1988 |
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Date of Appointment : |
20.06.2012 |
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PAN No.: |
AONPM6080R |
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DIN No.: |
05197971 |
KEY EXECUTIVE
|
Name : |
Ms. Rinku Patel |
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Designation : |
Accounts Department |
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|
|
|
Name : |
M.A. Navkrani and Associates |
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Designation : |
Company Secretary |
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Address : |
Office 2015, Vedant, 7 Kalpana Colony, B/h. Ganesh Plaza, Navrangpura,
Ahmedabad – 380009, Gujarat, India |
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Tel No.: |
91-79-26463712 |
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Mobile No.: |
91-9925233636 |
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Email : |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Bhadresh C. Mehta |
|
750000 |
|
Sunitaben B. Mehta |
|
60000 |
|
Vijaybhai A. Shah |
|
10000 |
|
Meet B. Mehta |
|
150000 |
|
Khushbu J. Shah |
|
10000 |
|
Jitendra K. Shah |
|
10000 |
|
Hemangini S. Shah |
|
10000 |
|
Total |
|
1000000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters-Individual/Hindu Undivided Family-Indian |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Trading of petroleum and chemical products (Registered Activity) · Manufacturer, dealers in all types, forms (solid, liquid and gaseous) and of all kinds of chemicals and chemical compounds (organic and inorganic) heavy chemicals, lubricant oil, petroleum products, acids, alkalies, tannin and tannin extracts, solvents, dyestuffs, dyes, pigments, colours, resins, chemicals, auxilliaries, bio chemicals, microcrystalline, bion and colloidal chemical, including coating materialsl natural and synthetic polymerised products, sparay dried products, synthesized coating spreads, carbon and intermediates, derivatives suspensions, gels, powders, formulations, downstreams, ingreadints and by-products and their related prepartions articles and products. (As per Memorandum of Association) |
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Products / Services
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
·
Standard Chartered Bank, SME Credit,
Crescenzo, 3A/F, Plot no. C-38 & 39G Block, Bandra Kurla Complex, Bandra
East, Mumbai - 400051, Maharashtra, India |
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Facilities : |
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Auditors : |
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Name : |
Vishal A Mehta and Company Chartered Accountants |
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Address : |
306, NNeelkanth Complex, Near Havmor Restaurant, Navrangpura, Ahmedabad – 380009, Gujarat, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ADXPM6766D |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
· Mihit Products, India · Meet Traders · B. Mehta and Co. · Chinubhai K Mehta HUF · Bhadresh C. Mehta HUF · Meet Mehta HUF |
CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000 Million |
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|
|
|
|
Issued Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000 Million |
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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 |
10.000 |
10.000 |
10.000 |
|
(b) Reserves & Surplus |
44.268 |
29.735 |
20.191 |
|
(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) |
54.268 |
39.735 |
30.191 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.950 |
0.490 |
1.072 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
0.950 |
0.490 |
1.072 |
|
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|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
133.711 |
124.306 |
113.670 |
|
(b) Trade payables |
371.347 |
178.726 |
178.458 |
|
(c) Other current liabilities |
8.034 |
4.910 |
5.487 |
|
(d) Short-term provisions |
13.100 |
9.914 |
8.424 |
|
Total
Current Liabilities (4) |
526.192 |
317.856 |
306.039 |
|
|
|
|
|
|
TOTAL |
581.410 |
358.081 |
337.302 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
3.261 |
3.420 |
4.645 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
22.951 |
12.344 |
4.692 |
|
(c) Deferred tax assets (net) |
0.808 |
0.716 |
0.550 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
27.020 |
16.480 |
9.887 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
185.623 |
130.315 |
58.369 |
|
(c) Trade receivables |
330.126 |
166.926 |
227.819 |
|
(d) Cash and cash equivalents |
9.030 |
9.661 |
10.037 |
|
(e) Short-term loans and
advances |
29.611 |
34.699 |
31.190 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
554.390 |
341.601 |
327.415 |
|
|
|
|
|
|
TOTAL |
581.410 |
358.081 |
337.302 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
2604.216 |
1819.389 |
2163.180 |
|
|
Other Income |
1.236 |
0.798 |
0.198 |
|
|
TOTAL
|
2605.452 |
1820.187 |
2163.378 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
2406.580 |
1681.777 |
1948.426 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(55.307) |
(71.946) |
39.119 |
|
|
Employees benefits expense |
8.911 |
6.349 |
5.527 |
|
|
Other expenses |
204.086 |
171.611 |
135.805 |
|
|
TOTAL |
2564.270 |
1787.791 |
2128.877 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
41.182 |
32.396 |
34.501 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
17.760 |
17.041 |
16.899 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
23.422 |
15.355 |
17.602 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
1.255 |
1.439 |
1.899 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
22.167 |
13.916 |
15.703 |
|
|
|
|
|
|
|
Less |
TAX |
7.634 |
4.372 |
5.074 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
14.533 |
9.544 |
10.629 |
|
|
|
|
|
|
|
|
Value of Imports on CIF basis |
|
|
|
|
|
Tradable goods Purchased |
1218.594 |
811.135 |
824.615 |
|
|
Total |
1218.594 |
811.135 |
824.615 |
|
|
Earnings
/ (Loss) Per Share (INR) |
14.53 |
9.54 |
10.63 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.528 |
0.744 |
0.946 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(23.098) |
(21.061) |
(2.198) |
|
Net cash flows from (used in) operating activities |
(23.098) |
(21.061) |
(2.198) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
46.27 |
33.49 |
38.44 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
7.89 |
10.90 |
9.50 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
56.32 |
38.79 |
33.43 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.22 |
0.25 |
0.59 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
12.63 |
9.47 |
7.43 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets) |
0.91 |
0.89 |
0.91 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.49 |
3.16 |
3.83 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
9.70 |
8.00 |
10.14 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.06 |
0.09 |
0.15 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.32 |
1.90 |
2.04 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.56 |
0.52 |
0.49 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.50 |
2.67 |
3.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
26.78 |
24.02 |
35.21 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.05 |
1.07 |
1.07 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
0.70 |
0.66 |
0.88 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.09 |
0.11 |
0.09 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
13.52 |
12.55 |
11.57 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.05 |
1.07 |
1.07 |
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 |
10.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
20.191 |
29.735 |
44.268 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
30.191 |
39.735 |
54.268 |
|
|
|
|
|
|
Long-term borrowings |
1.072 |
0.490 |
0.950 |
|
Short term borrowings |
113.670 |
124.306 |
133.711 |
|
Current maturities of
long-term debts |
0.946 |
0.744 |
0.528 |
|
Total
borrowings |
115.688 |
125.540 |
135.189 |
|
Debt/Equity
ratio |
3.832 |
3.159 |
2.491 |
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 |
2163.180 |
1819.389 |
2604.216 |
|
|
|
(15.893) |
43.137 |
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 |
2163.180 |
1819.389 |
2604.216 |
|
Profit/ (Loss) |
10.629 |
9.544 |
14.533 |
|
|
0.49% |
0.52% |
0.56% |
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 |
|
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 603, Span Trade Center, Opposite Kochrab Ashram, Paldi, Ahmedabad – 380006, Gujarat, India to the present address w.e.f. 01.07.2012
STATE OF COMPANY’S
AFFAIRS AND FUTURE OUTLOOK:
During the year the company has achieved a total turnover of INR
2602.216 million (Previous year INR 1819.389 million) and registered profit
after tax of INR 14.533 million (Previous year INR 9.544 million) the
management hopes for better prospects in coming year.
UNSECURED LOANS
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Loans and advances from related parties |
94.433 |
91.188 |
|
Total |
94.433 |
91.188 |
INDEX OF CHARGE:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Amount |
Address |
|
1 |
G53958005 |
100123765 |
Standard Chartered Bank |
31/07/2017 |
- |
28325000.0 |
1ST FLOOR, RAINDROP BUILDING, C G ROAD, AHMEDABAD GUJARAT 380009 INDIA |
|
2 |
G12751475 |
100051649 |
Standard Chartered Bank |
09/09/2016 |
- |
27575000.0 |
SME CREDIT, CRESCENZO, 3A/F, PLOT NO. C-38 & 39G BLOCK, BANDRA KURLA COMPLEX, BANDRA EAST MUMBAI MAHARASHTRA 400051 INDIA |
|
3 |
C66998196 |
10596700 |
Standard Chartered Bank |
30/09/2015 |
- |
60000000.0 |
RAINDROPS BUILDING, OPP. CARGO FORD MOTORS, C. G. ROAD, NAVARANGPURA, AHMEDABAD GUJARAT 380009 INDIA |
|
4 |
C29095296 |
10525420 |
Standard Chartered Bank |
19/09/2014 |
- |
7700000.0 |
ABHIJEET-IIGROUND FLOOR, MITHAKHALI SIX ROAD, NAVRANGPURA AHMEDABAD GUJARAT 380006 INDIA |
|
5 |
G53959607 |
10365616 |
Standard Chartered Bank |
20/06/2012 |
31/07/2017 |
257500000.0 |
CRESCENZO, 3A/F, PLOT NO. C-38 & 39G BLOCK, BANDRA KURLA COMPLEX, BANDRA EAST MUMBAI MAHARASHTRA 400051 INDIA |
FIXED ASSETS:
Tangible assets
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
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 63.89 |
|
|
1 |
INR 88.60 |
|
Euro |
1 |
INR 78.12 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
JYTK |
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.