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|
|
MIRA INFORM REPORT
|
Report No. : |
488105 |
|
Report Date : |
27.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
MUNDRA OIL PRIVATE LIMITED (w.e.f.
17.08.2016) |
|
|
|
|
Formerly Known
As : |
AADI
OIL PRIVATE LIMITED (w.e.f. 15.01.2015) ALMONDZ
INDUSTRIES PRIVATE LIMITED (w.e.f. 25.03.2014) AADI
OIL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
D-304, Himalaya Royal, Near Khari River, Nagalpur Road, Mehsana - 384002, Gujarat |
|
Tel. No.: |
91-2762-291018 |
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|
|
Country : |
India |
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|
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Financials (as
on) : |
31.03.2015 |
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Date of
Incorporation : |
07.05.2009 |
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|
|
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Com. Reg. No.: |
04-056860 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 8.578 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U23209GJ2009PTC056860 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
AAHCA7060N |
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|
|
GSTIN : |
24AAHCA7060N1ZG |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Manufacturing and Trading of Fuel Oil. (Registered activity) |
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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 : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow and delayed |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2009. It is engaged in manufacturing and trading
of fuel oil. Management has failed to file its financials with the Registrar of
Companies after FY 2016. For the financial year 2015, the company has reported dip in its revenue
by 67.92% as compared to the previous year along with operational loss. The moderate financial risk profile of the company is marked by
negative reserve along with high debt balance sheet profile. Payments are reported to be slow and delayed. In view of aforesaid, dealings are recommended on safe and secured
terms. Note: Due to subject’s high debt profile, continuous operational loss
resulting in partial erosion of net worth and absence of latest financials,
rating has been downgraded. Hence, we do not recommend any credit limit to
the subject. |
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 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
D |
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 27.01.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
|
Name : |
Mr. Manish Patel |
|
Designation : |
Director |
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Contact No.: |
91-9879104217 |
|
Date : |
25.01.2018 |
91-276-2291018 (NUMBER IS NOT WORKING)
LOCATIONS
|
Registered Office : |
D-304, Himalaya Royal, Near Khari River, Nagalpur Road, Mehsana - 384002, Gujarat, India |
|
Tel. No.: |
91-2762-291018 |
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Mobile No.: |
91-9879104217 (Mr. Manish
Patel) |
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Fax No.: |
91-2762-291018 |
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E-Mail : |
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Website : |
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|
|
|
|
Refinery : |
Survey No. 141, Paiki, Mundra Port and SEZ, Mundra, District Kutch – 370421, Gujarat, India. |
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|
|
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Corporate office : |
406-B, Shapath IV, Opposite Karnavati S. G. Highway, Ahmedabad – 380051, Gujarat, India |
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Tel. No.: |
91-79-40264000 |
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Fax No.: |
91-79-40264040 |
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E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Manish Chandrakant Patel |
||||||||
|
Designation : |
Director |
||||||||
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Address : |
H-20-Sardardham, Dediyasan GIDC, Mehsana – 384002, Gujarat, India |
||||||||
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Date of Appointment : |
01.12.2013 |
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DIN No.: |
00353701 |
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Other Directorship:
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||||||||
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Name : |
Pratiksingh Vijayrajsingh Gautam |
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Designation : |
Additional Director |
||||||||
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Address : |
A-3, Sundaram Flat, L.D. Eng. College Campus, Ahmedabad – 380015, Gujarat, India |
||||||||
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Date of Appointment : |
24.01.2017 |
||||||||
|
DIN No.: |
07412538 |
||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2015
|
Names of Shareholders |
|
No. of Shares |
|
Pravin Jinendrabhai Jain |
|
142973 |
|
Kirti Sunderlal Jain |
|
142973 |
|
Manish Chandrakant Patel |
|
40784 |
|
Kalpeshkumar Dayabhai Patel |
|
20392 |
|
Gandalal Ambalal Patel |
|
33987 |
|
Ankitaben Alpeshkumar Patel |
|
20392 |
|
Jaymilkumar Sineshbhai Patel |
|
20392 |
|
Alicid organics Private Limited |
|
150000 |
|
Balvantsinh Mamubha Parmar |
|
285947 |
|
|
|
|
|
Total |
|
857840 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2015
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
21.42 |
|
Public – (Individual/ Hindu
Undivided Family – Indian) |
61.09 |
|
Public - Bodies corporate |
17.49 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Trading of Fuel Oil. (Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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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
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Shailesh C. Parikh and Company Chartered Accountants |
|
Address : |
412, Ashwamegh Avenue, Mayur Colony, Near Mithakhali Circle,
Navrangpura, Ahmedabad – 380009, Gujarat, India |
|
Tel. No.: |
91-79-26408930 |
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Mobile No.: |
91-9825035883 |
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Fax No.: |
91-79-26421975 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ABCPP2587L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
900000 |
Equity Shares |
INR 10/- each |
INR 9.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
857840 |
Equity Shares |
INR 10/- each |
INR 8.578
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
8.578 |
8.578 |
8.578 |
|
(b) Reserves &
Surplus |
(7.612) |
5.552 |
26.415 |
|
(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) |
0.966 |
14.130 |
34.993 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
9.501 |
20.500 |
43.513 |
|
(b) Deferred tax
liabilities (Net) |
9.022 |
4.395 |
3.808 |
|
(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) |
18.523 |
24.895 |
47.321 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
26.820 |
26.139 |
27.356 |
|
(b) Trade payables |
19.168 |
12.444 |
0.887 |
|
(c) Other current
liabilities |
14.104 |
86.281 |
0.937 |
|
(d) Short-term provisions |
0.675 |
0.804 |
0.800 |
|
Total Current Liabilities
(4) |
60.767 |
125.668 |
29.980 |
|
|
|
|
|
|
TOTAL |
80.256 |
164.693 |
112.294 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
63.460 |
68.534 |
71.479 |
|
(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 |
0.026 |
0.021 |
0.015 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.690 |
3.176 |
4.299 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
66.176 |
71.731 |
75.793 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
5.830 |
1.101 |
5.031 |
|
(c) Trade receivables |
7.594 |
17.460 |
18.382 |
|
(d) Cash and cash
equivalents |
0.123 |
0.563 |
11.256 |
|
(e) Short-term loans and
advances |
0.533 |
73.838 |
1.832 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
14.080 |
92.962 |
36.501 |
|
|
|
|
|
|
TOTAL |
80.256 |
164.693 |
112.294 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
16.490 |
51.407 |
|
|
|
Other Income |
1.483 |
0.189 |
|
|
|
TOTAL |
17.973 |
51.596 |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
|
|
|
|
Purchases of
Stock-in-Trade |
8.806 |
45.871 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(4.729) |
3.929 |
|
|
|
Employees benefits
expense |
1.492 |
4.622 |
|
|
|
Fixed assets written off/
written back during the year |
0.025 |
0.000 |
|
|
|
selling and distribution
expense |
0.070 |
0.122 |
|
|
|
Other expenses |
10.786 |
8.153 |
|
|
|
TOTAL |
16.450 |
62.697 |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
1.523 |
(11.101) |
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
4.859 |
6.214 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
(3.336) |
(17.315) |
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.189 |
2.973 |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(8.525) |
(20.288) |
1.906 |
|
|
|
|
|
|
|
Less |
TAX |
4.627 |
(0.587 |
0.195 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(13.152) |
(19.701) |
1.711 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(15.34) |
(24.32) |
NA |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
0.000 |
NA |
NA |
|
Net cash flow from operating activity |
(0.398) |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
|
168.09 |
123.97 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
|
2.17 |
2.94 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
|
794.49 |
99.02 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
|
0.26 |
(10.08) |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
|
0.02 |
(0.16) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.88 |
0.89 |
0.65 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
37.60 |
3.30 |
2.03 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
62.91 |
8.89 |
0.86 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
65.69 |
4.85 |
2.04 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
0.31 |
(1.79) |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
((PAT / Sales) * 100) |
% |
(79.76) |
(38.32) |
NA |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(16.39) |
(11.96) |
1.52 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(1361.49) |
(139.43) |
4.89 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.23 |
0.74 |
1.22 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.14 |
0.73 |
1.05 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.01 |
0.09 |
0.31 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
4.23 |
5.44 |
8.26 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.23 |
0.74 |
1.22 |
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 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
8.578 |
8.578 |
8.578 |
|
Reserves & Surplus |
26.415 |
5.552 |
(7.612) |
|
Net
worth |
34.993 |
14.130 |
0.966 |
|
|
|
|
|
|
Long Term borrowings |
43.513 |
20.500 |
9.501 |
|
Short Term borrowings |
27.356 |
26.139 |
26.820 |
|
Total
borrowings |
70.869 |
46.639 |
36.321 |
|
Debt/Equity
ratio |
2.025 |
3.301 |
37.599 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
|
|
INR
In Million |
INR
In Million |
|
Sales
|
51.407 |
16.490 |
|
|
|
(67.923) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
|
|
INR
In Million |
INR
In Million |
|
Sales
|
51.407 |
16.490 |
|
Profit
/ (Loss) |
(19.701) |
(13.152) |
|
|
(38.32%) |
(79.76%) |
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 |
No |
|
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 |
No |
|
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 |
No |
|
29 |
Profitability for last two years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
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 |
CORPORATE INFORMATION
The company was incorporated as a private limited company on 7th May 2009, under the Companies Act. of 1956 with Registrar of Companies, Ahmedabad vide Registration no. 056860.
The Company is engaged in the business of manufacturing and trading of fuel oil.
OPERATION
During the year, total revenue of the Company was, from operation and other income which were INR 17.973 Million compared to total revenue from operation and other income of INR 51.596 Million in the previous year and loss incurred of INR 13.152 Million as compared to loss of INR 19.701 Million incurred in tl1e previous year.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2015 (INR
in Million) |
31.03.2014 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Directors |
|
|
|
Pravinkumar Jain |
0.550 |
0.550 |
|
|
|
|
|
Others (Inter
Corporate Deposits) |
|
|
|
Alicid Organic Industrial Limited |
1.900 |
3.700 |
|
Jainam Industries Private Limited |
0.372 |
0.372 |
|
|
|
|
|
Total |
2.822 |
4.622 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G54384185 |
100130184 |
HDFC BANK LIMITED |
11/08/2017 |
- |
- |
50000000.0 |
HDFC Bank House, Senapati Bapat Marg, Lower Parel West, Mumbai – 400013, Maharashtra, India |
|
2 |
G42092189 |
100092851 |
HDFC BANK LIMITED |
31/03/2017 |
- |
- |
60000000.0 |
HDFC Bank House, Senapati Bapat Marg, Lower Parel West, Mumbai – 400013, Maharashtra, India |
|
3 |
G47296090 |
10196490 |
Axis Bank Limited |
01/01/2010 |
15/02/2014 |
05/06/2017 |
92800000.0 |
Trishul 3rd Floor, Opposite Samartheshwar Temple, Law Garden, Ellis Bridge, Ahmedabad – 380006, Gujarat, India |
FIXED ASSETS
- Leashold Land
- Furniture and Fixtures
- Computer and Printer
- Vehicles
- Motor Car
- Factory Building
- Office Building
- Plant and Machinery
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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 : |
SUP |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
KJL |
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 |
NO |
|
--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.