|
|
|
MIRA INFORM REPORT
|
Report No. : |
488641 |
|
Report Date : |
29.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
SAGGRAHA MANAGEMENT SERVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
#1401, 21 Main, 11 Cross Sector 1, HSR Layout, Bangalore –
560102, Karnataka |
|
Mobile No.: |
91-9986773100 (Mr. Abhishek Jian) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
20.05.2014 |
|
|
|
|
Com. Reg. No.: |
08-074579 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 40.879 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72400KA2014PTC074579 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GSTIN/UIN: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAUCS5679J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is
engaged in the business of rendering management/consulting services as a
Business correspondent authorized agent/Service provider for Banks,
Non-Banking Financial Companies and Financial Institutions relating to
sourcing, originating, availing, arranging, servicing and collections of
loans or credits. [Registered
Activity] |
|
|
|
|
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2014 having satisfactory track
record. It is engaged in the business of rendering
management/consulting services as a Business correspondent authorized
agent/Service provider for Banks, Non-Banking Financial Companies and
Financial Institutions relating to sourcing, originating, availing,
arranging, servicing and collections of loans or credits. For the financial year 2017, the company has achieved top line growth
in its revenue as compared to its previous year along with average profit
margin during the year. Rating takes into consideration, the above average financial risk
profile marked by sufficient net worth base and comfortable debt level. However, these rating strengths gets partially offset by volatile
profitability margin and intensive competition in the services industry. Payments seems to be slow but 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.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 29.01.2018
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. Abhishek Jian |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-9986773100 |
|
Date : |
29.01.2018 |
LOCATIONS
|
Registered Office : |
#1401, 21 Main, 11 Cross Sector 1, HSR Layout, Bangalore –
560102, Karnataka, India |
|
Tel. No.: |
91-80-22580404 |
|
Mobile No.: |
91-9986773100 (Mr. Abhishek Jian) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Raghu Venkata Harish |
||||||||
|
Designation : |
Managing Director |
||||||||
|
Address : |
C-001, G Floor, Akruthi Silver, Somasandrapalya Road,
Bangalore – 560102, Karnataka, India |
||||||||
|
Date of Appointment : |
01.10.2015 |
||||||||
|
DIN No.: |
06792543 |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Rahul Kasinadhuni |
||||||||
|
Designation : |
Wholetime Director |
||||||||
|
Address : |
Plot No. 22, PVR Sri Sai Hills, Shamshiguda Kukatpally,
Hyderabad – 500072, Telangana, India |
||||||||
|
Date of Appointment : |
01.10.2015 |
||||||||
|
DIN No.: |
06792543 |
||||||||
|
Other Directorship:
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Kishorekumar Sompalli Anjaneyulu |
||||||||
|
Designation : |
Wholetime Director |
||||||||
|
Address : |
No-1401, 21st Main, 11th Cross Sector-1, HSR Layout, Bangalore
-560102, Karnataka, India |
||||||||
|
Date of Birth/Age : |
20.10.1973 |
||||||||
|
Date of Appointment : |
16.08.2016 |
||||||||
|
DIN No.: |
07573807 |
||||||||
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Rahul Kasinadhuni |
|
708000 |
|
Raghu Venkata Harish |
|
977600 |
|
Rupa Balakrishna Naidu |
|
260000 |
|
Suneetha P |
|
152740 |
|
Sukanva T |
|
33333 |
|
V N P Pulivarthi |
|
163636 |
|
G Jayachandran |
|
183239 |
|
P G Reddy |
|
166580 |
|
Santhakumar Chidambaram |
|
16667 |
|
Vianarai S Kuloor |
|
16667 |
|
Ragini Goyal |
|
30000 |
|
Tulasi Pudi |
|
50000 |
|
S Anianevulu |
|
100000 |
|
Krishna Murthy K |
|
12000 |
|
Ruchira |
|
48605 |
|
Abanti Mftra |
|
48605 |
|
Uma Devi G |
|
41667 |
|
Mallikarjuna Rao Kasinadhuni |
|
100000 |
|
Kishore Kumar SA |
|
598000 |
|
Sirisha Raghu |
|
100000 |
|
Mridula V |
|
50000 |
|
T Kanuoriva |
|
25556 |
|
K. Bhagya Lakshmi |
|
100000 |
|
P. Venkaleswara Rao |
|
15000 |
|
J. Anand Kumar |
|
15000 |
|
Mulhu Kumar |
|
15000 |
|
Amaresh |
|
10000 |
|
Abishek Jain |
|
10000 |
|
Harinalh Babu |
|
10000 |
|
Jaikumar Rai |
|
10000 |
|
Praveen |
|
10000 |
|
Alok Mishra |
|
10000 |
|
Total |
|
4087895 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
62.22 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
37.78 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Subject is
engaged in the business of rendering management/consulting services as a Business
correspondent authorized agent/Service provider for Banks, Non-Banking
Financial Companies and Financial Institutions relating to sourcing,
originating, availing, arranging, servicing and collections of loans or
credits. [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 : |
|
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Customers : |
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|||||||||||||||||||||||||||
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No. of Employees : |
Information denied by the management |
|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
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Bankers : |
|
|||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
ASKM and Company Chartered Accountants |
|
Address : |
H. No. 8-3-903/7 and 8, Flat No. 201, 2nd Floor, Tarakarama Estates,
Nagarjuna Nagar Colony, Ameerpet -500073, Telangana, India |
|
Tel. No.: |
91-40-65552215 |
|
Mobile No.: |
91-9676333027 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AXMPA8945P |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7500000 |
Equity Shares |
INR 10/- each |
INR 75.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4087895 |
Equity Shares |
INR 10/- each |
INR 40.879 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 |
40.879 |
47.450 |
27.880 |
|
(b) Reserves &
Surplus |
14.713 |
(11.193) |
(16.736) |
|
(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) |
55.592 |
36.257 |
11.144 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
18.384 |
24.660 |
1.500 |
|
(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) |
18.384 |
24.660 |
1.500 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
79.580 |
41.218 |
10.895 |
|
(b) Trade payables |
0.000 |
0.000 |
0.000 |
|
(c) Other current
liabilities |
93.041 |
11.620 |
8.286 |
|
(d) Short-term provisions |
3.077 |
2.639 |
0.211 |
|
Total Current Liabilities
(4) |
175.698 |
55.477 |
19.392 |
|
|
|
|
|
|
TOTAL |
249.674 |
116.394 |
32.036 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
6.086 |
3.030 |
1.531 |
|
(ii) Intangible Assets |
1.604 |
0.918 |
0.733 |
|
(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 |
113.955 |
75.250 |
18.000 |
|
(c) Deferred tax assets
(net) |
0.798 |
0.333 |
0.099 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
4.464 |
1.991 |
1.117 |
|
Total Non-Current Assets |
126.907 |
81.522 |
21.480 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
0.000 |
0.000 |
0.000 |
|
(d) Cash and cash
equivalents |
76.008 |
11.492 |
8.432 |
|
(e) Short-term loans and
advances |
2544.688 |
1583.862 |
211.024 |
|
(f) Other current assets |
46.760 |
23.380 |
2.124 |
|
Less: Managed loans as
business correspondent |
(2544.689) |
(1583.862) |
(211.024) |
|
Total Current Assets |
122.767 |
34.872 |
10.556 |
|
|
|
|
|
|
TOTAL |
249.674 |
116.394 |
32.036 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
172.710 |
65.697 |
3.587 |
|
|
Other Income |
0.318 |
0.165 |
0.019 |
|
|
TOTAL |
173.028 |
65.862 |
3.606 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases |
0.000 |
0.000 |
0.000 |
|
|
Employees benefits
expense |
123.842 |
43.729 |
14.745 |
|
|
Administrative Expenses |
21.947 |
8.476 |
4.365 |
|
|
Loss Provision on managed
loans |
0.240 |
0.185 |
0.211 |
|
|
TOTAL |
146.029 |
52.390 |
19.321 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION
|
26.999 |
13.472 |
(15.715) |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
17.429 |
6.456 |
0.833 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
9.570 |
7.016 |
(16.548) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.563 |
0.663 |
0.287 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
8.007 |
6.353 |
(16.835) |
|
|
|
|
|
|
|
Less |
TAX |
(0.465) |
(0.234) |
(0.099) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
8.472 |
6.587 |
(16.736) |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
(11.193) |
(16.736) |
0.000 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Preference Dividend |
2.969 |
0.867 |
0.000 |
|
|
Tax on Preference
Dividend |
0.604 |
0.177 |
0.000 |
|
|
Balance Carried to the
B/S |
(6.294) |
(11.193) |
(16.736) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
Basic |
2.87 |
6.39 |
(22.03) |
|
|
Diluted |
4.72 |
6.59 |
-- |
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 |
(70.167) |
(8.072) |
(11.363) |
|
|
|
|
|
|
Net cash flows from (used in) operations |
57.228 |
(13.896) |
(11.846) |
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 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
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) |
3.51 |
3.41 |
-6.94 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.78 |
0.69 |
0.65 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.76 |
1.82 |
1.11 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
3.16 |
1.53 |
1.74 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.14 |
0.11 |
0.20 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.55 |
2.09 |
(18.87) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
4.91 |
10.03 |
(466.57) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.39 |
5.66 |
(52.24) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
15.24 |
18.17 |
(150.18) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.70 |
0.63 |
0.54 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
0.70 |
0.63 |
0.54 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.22 |
0.31 |
0.35 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
2.40 |
1.39 |
0.44 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.70 |
0.63 |
0.54 |
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 |
27.880 |
47.450 |
40.879 |
|
Reserves & Surplus |
(16.736) |
(11.193) |
14.713 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
11.144 |
36.257 |
55.592 |
|
|
|
|
|
|
Long Term borrowings |
1.500 |
24.660 |
18.384 |
|
Short Term borrowings |
10.895 |
41.218 |
79.580 |
|
Total
borrowings |
12.395 |
65.878 |
97.964 |
|
Debt/Equity
ratio |
1.112 |
1.817 |
1.762 |
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
|
3.587 |
65.697 |
172.710 |
|
|
|
1,731.531 |
162.889 |
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
|
3.587 |
65.697 |
172.710 |
|
Profit |
(16.736) |
6.587 |
8.472 |
|
|
(466.57%) |
10.03% |
4.91% |
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 |
No |
|
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 |
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 |
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 |
BACKGROUND AND OPERATION OUTLOOK
Subject was incorporated under the provision of the Companies Act, 2013 (the Act) on 20 May 2014. The Company is established to render management consulting services as an authorized agent/service provider of the Banks, Non-Banking Finance companies and financial institutions relating to sourcing, originating, availing, arranging, servicing and collections of loans or credits.
The Company has recently commenced operations and is planning to expand rapidly. The Company expand to generate the adequate surplus in future through services to continuing and new customers. Accordingly, the financial statements have been prepared on a going concern basis.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
SHORT TERM
BORROWING |
|
|
|
Loan from directors |
2.120 |
0.106 |
|
Loan from others |
20.600 |
9.000 |
|
Total |
22.720 |
9.106 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G58981424 |
100129967 |
CAPITAL
FIRST LIMITED |
28/09/2017 |
- |
- |
4080000.0 |
ONE
INDIABULLS CENTRE, TOWER 2A & 2B, 10TH FLOOR,SENAPATI BAPAT MARG, LOWER PAREL
(WEST),MUMBAIMA400013IN |
|
2 |
G48718944 |
100110697 |
RPN
FINTRALEASE AND SECURITIES PRIVATE LIMITED |
22/06/2017 |
- |
- |
5000000.0 |
105
APRA PLAZA, PLOT NO. 29 ROAD NO. 44COMMUNITY CENTRE, PITAMPURANEW
DELHIDE110034IN |
|
3 |
G34786707 |
100059762 |
MUFIN
FINANCE PRIVATE LIMITED |
03/10/2016 |
17/01/2017 |
- |
10000000.0 |
209,
PLOT NO. H-1, 2ND FLOOR, GARG TOWERDISTRICT CENTRE, NETAJI SUBHASH PLACE
PITAMPURANEW DELHIDE110034IN |
|
4 |
G09292830 |
100044018 |
RELIGARE
FINVEST LIMITED |
30/06/2016 |
- |
- |
17500000.0 |
D3,
P3B,DISTRICT CENTRE, SAKETNEW DELHIDE110017IN |
|
5 |
G61926770 |
10579654 |
RBL
BANK LIMITED |
09/07/2015 |
19/08/2016 |
15/11/2017 |
20000000.0 |
SHAHUPURIKOLHAPURMA416001IN |
FIXED ASSETS:
- Computer and Accessories
- Furniture and Fixtures
- Office Equipments
- Computer Software
- Vehicles
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 79.07 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
KVT |
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.