|
|
|
MIRA INFORM REPORT
|
Report No. : |
488271 |
|
Report Date : |
25.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
DREAM11 FANTASY PRIVATE LIMITED (w.e.f.14.10.2013) |
|
|
|
|
Formerly Known
As : |
ADWAIYA
REALTORS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1901, A-Wing, Naman Midtown,
Senapati Bapat Marg, Elphinstone [West], Mumbai - 400013, Maharashtra |
|
Tel. No.: |
91-22-24320566 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation
: |
21.06.2007 |
|
|
|
|
Com. Reg. No.: |
11-171875 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 0.130 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900MH2007PTC171875 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCA4854K |
|
|
|
|
GSTIN/UIN : |
Not Divulged |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of Sporting and Recreational
Activities based Fantasy Sports Games. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Information declined 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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2007. It is a subsidiary of Dream
11 INC. The company is engaged in the business is sporting and recreational
activities based fantasy sports games. As per the financial record of 2017, the company has achieved a
massive growth in its revenue as compared to the previous year but has
incurred operational losses during the year. The company possesses satisfactory financial position marked by
adequate networth base along with zero debt balance sheet profile. Rating takes into consideration, strength that the company derives
from its strong holding and its experienced management team. Business is active. Payments terms are reported to be slow but
correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition. |
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 25.01.2018
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. Ruja |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-24320566 |
|
Date : |
25.01.2018 |
LOCATIONS
|
Registered Office : |
1901, A-Wing, Naman Midtown, Senapati
Bapat Marg, Elphinstone West, Mumbai - 400013, Maharashtra, India |
|
Tel. No.: |
91-22-24320566/ 565/ 568 |
|
Mobile No.: |
91-9664774293 [Ms. Ashlesha Keny] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website: |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Harsh Anand Jain |
|
Designation : |
Managing Director |
|
Address : |
A/13, Sterling Apartment, 38, Peddar Road, Mumbai - 400026, Maharashtra, India |
|
Date of Birth/Age : |
02.09.1985 |
|
Date of Appointment : |
27.08.2013 |
|
DIN No.: |
02126100 |
|
|
|
|
Name : |
Mr. Bhavit Rajesh Sheth |
|
Designation : |
Whole-time Director |
|
Address : |
A/2, 7th Floor, Matru Ashish 39, Nepeansea Road, Mumbai - 400006, Maharashtra, India |
|
Date of Birth/Age : |
09.05.1985 |
|
Date of Appointment : |
27.08.2013 |
|
DIN No.: |
02124077 |
KEY EXECUTIVES
|
Name : |
Ms. Ruja |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Dream11 INC |
|
10250 |
|
Bhavit Sheth Jointly with Dream11 INC |
|
1 |
|
Total |
|
10251 |
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
Multiples Private Equity Fund II LLP |
|
279 |
|
Total |
|
279 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Sporting and Recreational
Activities based Fantasy Sports Games. (Registered Activity) |
||||
|
|
|
||||
|
Products/ Services : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
|
Auditors : |
|
|
Name : |
Wandrekar and Company Chartered Accountants |
|
Address : |
703/704, Topiwala Centre, 7th Floor, Off S. V. Road, Opposite Goregaon
Station, Mumbai - 400062, Maharashtra, India |
|
Tel. No.: |
91-22-28789996/ 2789956 |
|
E-Mail : |
|
|
Website : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFW5461F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
Dream11 INC |
|
|
|
|
Associate Company: |
Dream11 Gaming Zone LLP |
CAPITAL STRUCTURE
After 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
240000 |
Equity Shares |
INR 10/- each |
INR 2.400 Million |
|
1000 |
Preference Shares |
INR 100/- each |
INR 0.100 Million |
|
|
Total
|
|
INR 2.500
Million |
Issued, Subscribed & Paid-up Capital : INR 0.138
Million
As on 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
240000 |
Equity Shares |
INR 10/- each |
INR 2.400 Million |
|
1000 |
Preference Shares |
INR 100/- each |
INR 0.100 Million |
|
|
Total
|
|
INR 2.500
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10251 |
Equity Shares |
INR 10/- each |
INR 0.102 Million |
|
279 |
Preference Shares |
INR 100/- each |
INR 0.028 Million |
|
|
Total
|
|
INR 0.130
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 |
0.130 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
67.780 |
(55.833) |
(5.235) |
|
(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) |
67.910 |
(55.733) |
(5.135) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
2.775 |
0.000 |
0.000 |
|
Total Non-current Liabilities
(3) |
2.775 |
0.000 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.200 |
|
(b) Trade
payables |
189.206 |
48.658 |
10.684 |
|
(c) Other
current liabilities |
65.325 |
106.779 |
3.789 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
254.531 |
155.437 |
14.673 |
|
|
|
|
|
|
TOTAL |
325.216 |
99.704 |
9.538 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
36.310 |
15.338 |
1.407 |
|
(ii)
Intangible Assets |
0.652 |
0.809 |
1.017 |
|
(iii)
Capital work-in-progress |
0.000 |
0.071 |
0.138 |
|
(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 |
100.953 |
0.568 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
137.915 |
16.786 |
2.562 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
73.635 |
58.071 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
0.000 |
0.000 |
1.433 |
|
(d) Cash
and cash equivalents |
106.876 |
22.460 |
4.344 |
|
(e)
Short-term loans and advances |
6.790 |
2.387 |
1.199 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
187.301 |
82.918 |
6.976 |
|
|
|
|
|
|
TOTAL |
325.216 |
99.704 |
9.538 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
610.245 |
137.127 |
8.251 |
|
|
Other Income |
19.304 |
1.700 |
0.000 |
|
|
TOTAL |
629.549 |
138.827 |
8.251 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Operating expenses |
20.841 |
11.234 |
0.495 |
|
|
Employees benefits
expense |
130.737 |
57.315 |
4.314 |
|
|
Other expenses |
627.153 |
117.845 |
8.394 |
|
|
TOTAL |
778.731 |
186.394 |
13.203 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
(149.182) |
(47.567) |
(4.952) |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
(149.182) |
(47.567) |
(4.952) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.789 |
3.031 |
0.102 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(156.971) |
(50.598) |
(5.054) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(156.971) |
(50.598) |
(5.054) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
144.154 |
51.547 |
4.556 |
|
|
|
|
|
|
|
|
CIF VALUE OF IMPORTS |
0.578 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(15312.73) |
(5059.83) |
(505.43) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
(2.038) |
140.641 |
NA |
|
Net cash flow from operating activity |
164.901 |
91.380 |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
0.00 |
0.00 |
63.39 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
0.00 |
0.00 |
5.76 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
(4.04) |
(2.93) |
(1.93) |
LEVERAGE RATIOS)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.78 |
1.56 |
1.54 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
(0.04) |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
3.75 |
(2.79) |
(2.86) |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.54 |
(0.29) |
(0.50) |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.00 |
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
(25.72) |
(36.90) |
(61.25) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(48.27) |
(50.75) |
(52.99) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(231.15) |
90.79 |
98.42 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.74 |
0.53 |
0.48 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
0.74 |
0.53 |
0.48 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.21 |
(0.56) |
(0.54) |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
2.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.74 |
0.53 |
0.48 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
0.100 |
0.100 |
0.130 |
|
Reserves & Surplus |
(5.235) |
(55.833) |
67.780 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
(5.135) |
(55.733) |
67.910 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.200 |
0.000 |
0.000 |
|
Total borrowings |
0.200 |
0.000 |
0.000 |
|
Debt/Equity ratio |
(0.039) |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
8.251 |
137.127 |
610.245 |
|
|
|
1561.944 |
345.022 |
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 |
8.251 |
137.127 |
610.245 |
|
Profit/(Loss) |
(5.054) |
(50.598) |
(156.971) |
|
|
(61.25%) |
(36.90%) |
(25.72%) |
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 Unit
No. 7, Basement, Trade World, B-Wing, Kamala City, S. B. Marg, Lower Parel,
Mumbai - 400013, Maharashtra, India to the present address.
CORPORATE
INFORMATION
The company was incorporated on 21, June, 2007. The company is in the
business of sporting and recreational activities and based fantasy sports
games.
STATE OF COMPANY’S
AFFAIRS
The net revenue operation of the company has increase tremendously from
INR 137.100 Million for the previous year to INR 610.200 Million for the
current year, thereby registering a significant growth of more than 300% over
its previous year.
The company has incurred a net loss of INR 157.000 Million for the year
ended March 31, 2017 against a net loss of INR 50.600 Million in the previous
year.
INDEX
OF CHARGES
|
Charges Registered |
|||||
|
SNo |
SRN |
Charge Id |
Date of Creation |
Amount |
Address |
|
1 |
G43344134 |
100096021 |
10/04/2017 |
180000000.0 |
27BKC, C 27, G Block Bandra Kurla Complex, Bandra (East), Mumbai MAHARASHTRA 400051 INDIA |
FIXED ASSETS
Tangible Assets
· Computer Equipment
· IT Equipment
· Office Equipment
· Furniture and Fixture
· Leased Improvements
Intangible Assets
· Computer Software
WEBSITE DETAILS
NEWS/ PRESS RELEASES
NBA AND DREAM11 TO
BRING FANTASY BASKETBALL TO INDIA
02.11.2017
Mumbai: The National Basketball Association (NBA) and Dream11 has announced a partnership making Dream11 an official fantasy partner of the NBA in India.
Beginning this season, the NBA and Dream11 will introduce an official NBA daily fantasy game, which allows fans to simulate the role of an NBA general manager. In daily fantasy, fans create virtual teams of NBA players and accumulate points based on their selected players' statistics in real life.
The free-to-play game will offer a variety of prizes as rewards, including NBAStore.in gift cards, NBA merchandise, Dream11 game bonuses, and the opportunity to win a trip to the U.S. to attend the 2018 NBA Finals.
"We are excited to partner with the NBA to add basketball to our growing set of fantasy sports offerings," said Dream11 CEO & Co-Founder Harsh Jain. "Fans of the official NBA fantasy game will enjoy a fast and responsive platform which delivers a rich user experience. We believe that avid and casual fans alike will enjoy this simple and easy to understand way of engaging with the NBA."
"The official NBA fantasy game with Dream11 will be a great platform for fans to engage with the league alongside millions of NBA fans," said NBA India Managing Director Yannick Colaco.
"Fantasy basketball provides an engaging fan experience and can help drive tune in to our NBA game broadcasts on Sony SIX and Sony Ten 3."
The official NBA fantasy game will reside on NBA.com, the NBA's official digital destination in India, and can also be accessed via Dream11.com and the Dream11 app, which is available for download via the App Store and the Google Play Store.
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 63.64 |
|
|
1 |
INR 89.32 |
|
Euro |
1 |
INR 78.45 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
SUD |
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.