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%20PRIVATE%20LIMITED%20-%20488594%2029-Jan-2018_files/image015.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20488594%2029-Jan-2018_files/image016.jpg)
%20PRIVATE%20LIMITED%20-%20488594%2029-Jan-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
488594 |
|
Report Date : |
29.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
BUHLER (INDIA) PRIVATE LIMITED (w.e.f. 27.09.2001) |
|
|
|
|
Formerly Known
As : |
BUHLER (INDIA) LIMITED |
|
|
|
|
Registered
Office : |
13-D, 12-D, 13C and 13-B, KIADB Industrial Area, Attibele, Bangalore –
562107, Karnataka |
|
Tel. No.: |
91-80-67770000/22890000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
21.02.1991 |
|
|
|
|
Com. Reg. No.: |
08-011695 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 100.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85110KA1991PTC011695 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GSTIN No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB5987A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company is engaged in manufacturing, marketing and selling of agri-based and other processing machines and related services. [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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of ‘Buhler Holding AG’, Switzerland and was incorporated on 21st February 1991. The company is engaged in manufacturing, marketing and selling of agri-based and other processing machines and related services. Its products include spices and seasoning processing machines, brewing and malting machines, rice mill machines, flour milling equipment, die casting machines, pasta extrusion machines, bio chromatic optical color sortes and pet bottles. As per the financial of 2017, the company has achieved a significant growth of 32.91% in its revenue as compared to the previous year’s revenue and has earned satisfactory profitability margin of 8.50%. The sound financial profile of the company is reflected by its healthy solvency indicators due to zero debt balance sheet profile along with above average net worth base and fair liquidity position. Rating also takes into account of strong financial and managerial support that company receives from its holding entity backed by its well experienced management term. Rating also takes into consideration the company’s favourable Earnings Per Share (EPS) of INR 45.87 as against its Face Value (FV) of INR 10 However, rating strengths are partially offset by vulnerability of its operating margins to volatility in raw material price and working capital intensive operations. Business is active. Payments are seems to be regular and as per commitment. In view of aforesaid, the company can be considered good for normal business dealing 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
MANAGEMENT NON-COOPERATIVE (Tel No.: 91-80-67770000)
LOCATIONS
|
Registered Office : |
13-D, 12-D, 13C and 13-B, KIADB Industrial Area, Attibele, Bangalore –
562107, Karnataka, India |
|
Tel. No.: |
91-80-67770000/22890000 |
|
Fax No.: |
91-80-22890001 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
Kapil Complex, 1st Floor, Sr. No 82, Hissa No.1, Opposite Prabhavee Tech Park, 1 / 4 Main Baner Mahalunge Road, Pune - 411045, Maharashtra, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Prashant Gokhale Shrikant |
|
Designation : |
Managing Director |
|
Address : |
703, Sepia H M World City, J P Nagar, 9 Phase, Bangalore-560062, Karnataka, India |
|
Date of Birth/Age : |
20.08.1972 |
|
Date of Appointment : |
01.07.2015 |
|
PAN No.: |
ADKPG9657L |
|
DIN No.: |
07185794 |
|
|
|
|
Name : |
Mr. Dipak Balasaheb Mane |
|
Designation : |
Whole-Time Director |
|
Address : |
#408, Wings, Cambridge Road, Opposite Frank Anthony Public School, Ulsoor, Bangalore- 560008, Karnataka, India |
|
Date of Birth/Age : |
23.11.1960 |
|
Date of Appointment : |
01.07.2015 |
|
PAN No.: |
AEGPB3894K |
|
DIN No.: |
01215889 |
|
|
|
|
Name : |
Mr. Andreas Schachtner |
|
Designation : |
Director |
|
Address : |
Ruteliweg 24, Oberburen, 9245, Switzerland |
|
Date of Birth/Age : |
29.07.1965 |
|
Date of Appointment : |
01.07.2015 |
|
DIN No.: |
02228706 |
KEY EXECUTIVES
|
Name : |
Mr. Sriman Narayana Murthy |
|
Designation : |
Finance Manager |
|
|
|
|
Name : |
Mr. Tarun Nayyar |
|
Designation : |
Chief Executive Officer |
|
Address : |
208, Tranquility Apartment, No 1 S T Bed, 12th Main, 4th Block, Koramangala- 560047, Karnataka, India |
|
Date of Appointment : |
01.04.2014 |
|
PAN No.: |
AATPN4434E |
|
|
|
|
Name : |
Mr. Vinay Ramakrishna Sarji |
|
Designation : |
Company Secretary |
|
Address : |
No/20/1,1st Floor, 3rd Cross, Javariah Gardern, Thyagaragnagar, Bangalore- 560028, Karnataka, India |
|
Date of Birth/Age : |
04.01.1978 |
|
Date of Appointment : |
05.07.2006 |
|
PAN No.: |
AVAPS2841L |
MAJOR SHAREHOLDERS
AS ON 28.09.2017
|
Names of Shareholders |
No. of Shares |
|
Buhler Holding AG, Switzerland |
9999990 |
|
Interfonda Limited |
10 |
|
Total |
10000000 |
AS ON 28.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters – [Bodies corporate] |
100.00 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20488594%2029-Jan-2018_files/image019.gif)
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in manufacturing, marketing and
selling of agri-based and other processing machines and related services. [Registered
Activity] |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
Bangalore, Karnataka, India |
|
PAN No.: |
AAFFP3698A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Fellow Subsidiary Companies : |
|
|
|
|
|
Holding Company : |
|
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 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 |
100.000 |
100.000 |
100.000 |
|
(b) Reserves and Surplus |
2851.637 |
2392.912 |
2204.660 |
|
(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) |
2951.637 |
2492.912 |
2304.660 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
13.725 |
0.000 |
34.676 |
|
(c) Other long-term
liabilities |
74.293 |
60.141 |
33.440 |
|
(d) long-term
provisions |
44.826 |
37.347 |
0.847 |
|
Total Non-current
Liabilities (3) |
132.844 |
97.488 |
68.963 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
359.543 |
489.515 |
277.443 |
|
(c) Other
current liabilities |
1214.259 |
1291.537 |
966.996 |
|
(d) Short-term
provisions |
62.671 |
65.834 |
88.597 |
|
Total Current
Liabilities (4) |
1636.473 |
1846.886 |
1333.036 |
|
|
|
|
|
|
TOTAL |
4720.954 |
4437.286 |
3706.659 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
953.648 |
1019.742 |
1091.245 |
|
(ii)
Intangible Assets |
0.555 |
1.044 |
0.677 |
|
(iii) Tangible assets capital
work-in-progress |
0.000 |
15.307 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
138.044 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
1.718 |
0.000 |
|
(d)
Long-term
loans and advances |
124.751 |
86.795 |
13.361 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1216.998 |
1124.606 |
1105.283 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
1737.549 |
1649.656 |
971.455 |
|
(b)
Inventories |
631.124 |
716.376 |
505.992 |
|
(c) Trade
receivables |
591.570 |
453.724 |
398.586 |
|
(d) Cash and
bank balances |
85.019 |
94.141 |
76.235 |
|
(e)
Short-term loans and advances |
50.865 |
146.354 |
202.432 |
|
(f) Other current
assets |
407.829 |
252.429 |
446.676 |
|
Total
Current Assets |
3503.956 |
3312.680 |
2601.376 |
|
|
|
|
|
|
TOTAL |
4720.954 |
4437.286 |
3706.659 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
5396.886 |
4060.603 |
3883.980 |
|
|
Other Income |
136.765 |
65.646 |
58.122 |
|
|
TOTAL |
5533.651 |
4126.249 |
3942.102 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
1353.781 |
1115.345 |
1424.066 |
|
|
Purchases of
Stock-in-Trade |
1427.971 |
1083.263 |
559.619 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(17.071) |
(149.082) |
(19.788) |
|
|
Employee benefit expense |
770.050 |
764.106 |
526.088 |
|
|
CSR expenditure |
11.757 |
10.521 |
0.000 |
|
|
Other expenses |
1107.814 |
927.135 |
794.916 |
|
|
TOTAL |
4654.302 |
3751.288 |
3284.901 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
879.349 |
374.961 |
657.201 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
2.452 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
879.349 |
372.509 |
657.201 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
131.680 |
132.127 |
121.338 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
747.669 |
240.382 |
535.863 |
|
|
|
|
|
|
|
Less |
TAX |
288.943 |
52.131 |
155.154 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
458.726 |
188.251 |
380.709 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1483.898 |
1250.410 |
872.711 |
|
|
Other
Earning |
0.000 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
1483.898 |
1250.410 |
872.711 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
689.227 |
524.490 |
611.397 |
|
|
Components and spare
parts |
368.540 |
523.050 |
255.242 |
|
|
Capital Goods |
0.000 |
6.887 |
44.602 |
|
|
TOTAL IMPORTS |
1057.767 |
1054.428 |
911.241 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
45.87 |
18.83 |
38.07 |
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 |
403.965 |
831.267 |
395.457 |
|
Net cash flow from operating activities |
236.205 |
728.762 |
107.123 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income *
365] |
40.01 |
40.78 |
37.46 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
9.12 |
8.95 |
9.74 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
47.18 |
81.27 |
51.05 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.39 |
0.52 |
1.30 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.92 |
0.36 |
0.60 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.35 |
0.42 |
0.36 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.55 |
0.74 |
0.58 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.32 |
0.42 |
0.47 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
0.00 |
152.92 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
8.50 |
4.64 |
9.80 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
9.72 |
4.24 |
10.27 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
15.54 |
7.55 |
16.52 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.14 |
1.79 |
1.95 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.76 |
1.41 |
1.57 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.63 |
0.56 |
0.62 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.14 |
1.79 |
1.95 |
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 |
100.000 |
100.000 |
100.000 |
|
Reserves & Surplus |
2204.660 |
2392.912 |
2851.637 |
|
Net
worth |
2304.660 |
2492.912 |
2951.637 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.000 |
|
Short Term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
%20PRIVATE%20LIMITED%20-%20488594%2029-Jan-2018_files/image021.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
|
3883.980 |
4060.603 |
5396.886 |
|
|
|
4.547 |
32.908 |
%20PRIVATE%20LIMITED%20-%20488594%2029-Jan-2018_files/image023.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
|
3883.980 |
4060.603 |
5396.886 |
|
Profit |
380.709 |
188.251 |
458.726 |
|
|
9.80% |
4.64% |
8.50% |
%20PRIVATE%20LIMITED%20-%20488594%2029-Jan-2018_files/image025.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 |
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 |
Yes |
|
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 |
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 |
INDEX OF CHARGE:NO CHARGES
EXISTS FOR COMPANY
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Claims against company not acknowledged as debt |
137.914 |
143.537 |
|
Guarantees |
67.152 |
43.177 |
|
Total |
205.067 |
186.715 |
FIXED ASSETS:
Tangible Assets
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Computer
·
Vehicles
·
Office Equipment
·
Motor Car
·
Electrical Installment
Intangible assets
- Computer Software
- Goodwill
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 records 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 79.07 |
|
Euro |
1 |
INR 90.92 |
INFORMATION DETAILS
|
Information
Gathered by : |
PUJ |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
GEET |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.