|
|
|
%20PRIVATE%20LIMITED%20%20-%20488136%2027-Jan-2018_files/image015.jpg){kind=small}
%20PRIVATE%20LIMITED%20%20-%20488136%2027-Jan-2018_files/image016.jpg)
%20PRIVATE%20LIMITED%20%20-%20488136%2027-Jan-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
488136 |
|
Report Date : |
27.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
V-ACCESS (INDIA) PRIVATE LIMITED
|
|
|
|
|
Registered
Office : |
3/37, First Floor , Main Shivalik Road, Malviya Nagar, New Delhi - 110017 |
|
Tel. No.: |
91-124-4382311 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
07.05.1996 |
|
|
|
|
Com. Reg. No.: |
55-078752 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 56.680 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17220DL1996PTC078752 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
GSTIN : |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACV5356K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of carpet mats for cars and home furnishings. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Available |
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 |
|
Maximum Credit Limit : |
USD 669000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1996. It is a subsidiary of
Vadain International (India) Holding B.V., Netherlands. The company is a manufacturer of carpet mats for cars and home
furnishings. For the financial year ended 2017, the company has earned a
satisfactory growth of 25.87% in its revenue as compared to the previous
year’s revenue and has achieved an average profitability margin of 4.97%. The company possesses healthy financial position marked by above
average net worth base along with low debt balance sheet profile and
favorable liquidity parameters. Rating takes into consideration the strength that the company derives
from its holding company and its experienced management team. Business is active. Payments are reported to be regular. 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.
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 |
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.
LOCATIONS
|
Registered Office : |
3/37, First Floor , Main Shivalik Road, Malviya Nagar, New Delhi -110017, India |
|
Tel. No.: |
91-124-4382311/ 13 |
|
Mobile No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Locality : |
Industrial cum Commercial |
|
|
|
|
Factory 1 : |
Plot No. 12, Sector 5, IMT Manesar, Gurugram – 122050, Haryana, India |
|
Tel. No.: |
91-124-4382314 / 4382323 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Sanjay Malik |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
House No. - 125, Sector - 15, Part – I, Gurugram – 122001, Haryana, India |
||||||||||||||||
|
Date of Birth/Age : |
23.07.1971 |
||||||||||||||||
|
Qualification : |
CA |
||||||||||||||||
|
PAN No: |
AAQPM3368R |
||||||||||||||||
|
Date of Appointment : |
25.01.2001 |
||||||||||||||||
|
DIN No : |
00586438 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Arie Jentinus Hoekman |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
A. J. Hoekman Gans 11, 8281, GN, Genemuiden 8281, Netherlands |
||||||||||||||||
|
Date of Birth/Age : |
13.07.1981 |
||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||
|
Date of Appointment : |
05.10.2007 |
||||||||||||||||
|
DIN No : |
01554996 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Harm Kolk |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
Harm Kolk Slinger 8, 8281 MB, Genemuiden Genemuiden - 8281, Netherlands |
||||||||||||||||
|
Date of Birth/Age : |
15.01.1970 |
||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||
|
Date of Appointment : |
27.06.2005 |
||||||||||||||||
|
DIN No : |
01555043 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Jan Harmen Van Dalfsen |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
Pottenbakker, straat 21 Zwolle, 8043 BM Netherlands |
||||||||||||||||
|
Date of Birth/Age : |
05.11.1970 |
||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||
|
Date of Appointment : |
27.06.2005 |
||||||||||||||||
|
DIN No : |
01572188 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
KEY EXECUTIVES
|
Name : |
MA and Associates |
|
Designation : |
Company Secretary |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage |
|
Vadain International (India) Holding B.V, Netherland |
5665585 |
99.96 |
|
Vadain Participate B.V, Netherland |
2435 |
0.04 |
|
Total |
5668020 |
100.00 |
%20PRIVATE%20LIMITED%20%20-%20488136%2027-Jan-2018_files/image020.gif)
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of carpet mats for cars and home furnishings. (Registered Activity) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Products / Services
: |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Brand Names : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Agencies Held : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Exports : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Imports : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Terms : |
Not Available |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Financial institutions: |
Vadain International India Holding B.V (Formerly V-Access (India) Holding
B.V.), Schering 31 - 33 Postbus 88, 8280 AB Genemuiden, The Netherlands -
8280, Netherlands |
|
|
|
|
Auditors : |
|
|
Name : |
Sudhir Arora and Associates Chartered Accountants |
|
Address : |
F-42-42, D.B. Gupta Market, Karol Bagh, New Delhi – 110005, India |
|
Tel. No.: |
91-11-23536228/ 23521389 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAFPA0406K |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company: |
Vadain International (India) Holding B.V, Netherlands |
|
|
|
|
Associate |
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5700000 |
Equity Shares |
INR 10/- each |
INR 57.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5668020 |
Equity Shares |
INR 10/- each |
INR 56.680 Million |
|
|
|
|
|
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 |
56.680 |
56.680 |
56.680 |
|
(b) Reserves and Surplus |
177.512 |
151.637 |
128.869 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds |
234.192 |
208.317 |
185.549 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3.034 |
1.341 |
0.203 |
|
(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 |
12.413 |
10.477 |
9.800 |
|
Total Non-current
Liabilities |
15.447 |
11.818 |
10.003 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
91.026 |
89.509 |
28.176 |
|
(c) Other
current liabilities |
3.660 |
2.197 |
1.626 |
|
(d) Short-term provisions |
5.569 |
5.310 |
16.054 |
|
Total Current
Liabilities |
100.255 |
97.016 |
45.856 |
|
|
|
|
|
|
TOTAL |
349.894 |
317.151 |
241.408 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
49.060 |
45.862 |
31.868 |
|
(ii)
Intangible Assets |
0.300 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
16.025 |
7.744 |
0.000 |
|
(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) |
(0.278) |
(0.199) |
0.334 |
|
(d)
Long-term loans and advances |
6.432 |
6.432 |
1.602 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
71.539 |
59.839 |
33.804 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
127.945 |
87.805 |
79.034 |
|
(c) Trade
receivables |
63.610 |
48.037 |
46.052 |
|
(d) Cash and
bank balances |
9.419 |
43.769 |
14.191 |
|
(e)
Short-term loans and advances |
77.381 |
77.701 |
68.327 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
278.355 |
257.312 |
207.604 |
|
|
|
|
|
|
TOTAL |
349.894 |
317.151 |
241.408 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
520.354 |
413.399 |
373.735 |
|
|
Other Income |
11.834 |
4.207 |
7.689 |
|
|
TOTAL |
532.188 |
417.606 |
381.424 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
354.286 |
282.574 |
247.209 |
|
|
Purchases of
Stock-in-Trade |
2.719 |
2.094 |
1.959 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(6.260) |
(1.859) |
(0.985) |
|
|
Employee benefit expense |
44.691 |
38.381 |
30.879 |
|
|
Other expenses |
98.736 |
64.524 |
50.249 |
|
|
TOTAL |
494.172 |
385.714 |
329.311 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
38.016 |
31.892 |
52.113 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.590 |
3.009 |
0.956 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
37.426 |
28.883 |
51.157 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
10.411 |
5.738 |
6.615 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
27.015 |
23.145 |
44.542 |
|
|
|
|
|
|
|
Less |
TAX |
1.140 |
0.377 |
11.320 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
25.875 |
22.768 |
33.222 |
|
|
|
|
|
|
|
|
CIF
Value of Import |
161.580 |
141.211 |
137.777 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
15.53 |
13.67 |
19.94 |
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 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(11.064) |
67.786 |
(64.491) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(15.159) |
57.198 |
(5.721) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
44.62 |
42.41 |
44.98 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
8.18 |
8.61 |
8.12 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
93.06 |
114.77 |
41.27 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.30 |
0.36 |
0.66 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.58 |
0.59 |
1.64 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.30 |
0.31 |
0.19 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.01 |
0.01 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.43 |
0.47 |
0.25 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.28 |
0.26 |
0.17 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
64.43 |
10.60 |
54.51 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
4.97 |
5.51 |
8.89 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
7.40 |
7.18 |
13.76 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
11.05 |
10.93 |
17.90 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.78 |
2.65 |
4.53 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.50 |
1.75 |
2.80 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.67 |
0.66 |
0.77 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.05 |
0.02 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.78 |
2.65 |
4.53 |
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 |
56.680 |
56.680 |
56.680 |
|
Reserves & Surplus |
128.869 |
151.637 |
177.512 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
185.549 |
208.317 |
234.192 |
|
|
|
|
|
|
long-term borrowings |
0.203 |
1.341 |
3.034 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.203 |
1.341 |
3.034 |
|
Debt/Equity
ratio |
0.001 |
0.006 |
0.013 |
%20PRIVATE%20LIMITED%20%20-%20488136%2027-Jan-2018_files/image022.gif)
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 |
373.735 |
413.399 |
520.354 |
|
|
0.000 |
10.613 |
25.872 |
%20PRIVATE%20LIMITED%20%20-%20488136%2027-Jan-2018_files/image024.gif)
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 |
373.735 |
413.399 |
520.354 |
|
Profit |
33.222 |
22.768 |
25.875 |
|
|
8.89
% |
5.51
% |
4.97
% |
%20PRIVATE%20LIMITED%20%20-%20488136%2027-Jan-2018_files/image026.gif)
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 |
No |
|
8] |
Designation of contact person |
No |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
Yes |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
No |
|
16] |
No. of employees |
No |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
No |
|
21] |
Banking facility details |
No |
|
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] |
Litigations that the firm/promoter
involved in |
-- |
|
32] |
Market information |
-- |
|
33] |
Payments terms |
No |
|
34] |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been shifted from to E-102/2, Naraina Vihar, New Delhi – 110028, India the present address w.e.f. 30.10.2015
CORPORATE INFORMATION
The company is engaged in the business of manufacturing of carpet mats for cars and home furnishings. The business is being carried out from its regd. office at Malviya Nagar, New Delhi, office and works at IMT Manesar, Gurgaon and at RIICO Indl. Area, Bhiwadi, Rajasthan.
BRIEF DESCRIPTION OF
THE COMPANY’S WORKING DURING THE YEAR/STATE OF COMPANY’S AFFAIR
During the year the Company was engaged in manufacture, purchase, sell, pack, import, export, barter, exchange, market promote, trade, act as agents, stockists, distributors or otherwise trade in all types and kinds of carpets made out of natural and manmade fibers, carpet mats, rubber mats and other allied products.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from others |
0.000 |
0.204 |
|
Total |
0.000 |
0.204 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Amount |
Address |
|
1 |
B43384320 |
10463045 |
VADAIN INTERNATIONAL INDIA HOLDING B.V (FORMERLY V-ACCESS (INDIA) HOLDING B.V.) |
27/03/2002 |
14169152.0 |
SCHERING 31 - 33 POSTBUS 888280 AB GENEMUIDENTHE NETHERLANDSNA8280NL |
|
2 |
B43384817 |
10463044 |
VADAIN INTERNATIONAL INDIA HOLDING B.V (FORMERLY V-ACCESS (INDIA) HOLDING B.V.) |
30/10/2001 |
26381343.75 |
SCHERING 31 - 33 , POSTBUS 888280 AB GENEMUIDEN THE NETHERLANDS NA8280NL |
|
3 |
Y10513579 |
90385572 |
VISSCHER- CARAVELLE EUROPE N.V. |
26/03/1999 |
10800000.0 |
GENEMUIDENNETHERLANDSNANL |
|
4 |
Y10497091 |
90369257 |
RIICO |
26/03/1999 |
10800000.0 |
INDL AREABHIWADIBHIWADIRJIN |
FIXED ASSETS
- Land
- Building
- Plant and
Equipment
- Furniture and
Fixture
- Vehicle
- Office
Equipment
- Computer
Equipment
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 63.50 |
|
|
1 |
INR 90.92 |
|
Euro |
1 |
INR 77.07 |
INFORMATION DETAILS
|
Analysis Done by
: |
PYK |
|
|
|
|
Report Prepared
by : |
TRUP |
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 unfavorable.
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.