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|
MIRA INFORM REPORT
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Report No. : |
488646 |
|
Report Date : |
30.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
MESCO EQUIPMENT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
P-239, Benaras Road, Howrah – 711108, West Bengal |
|
Tel. No.: |
91-33-28774286/ 26511207 |
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|
Country : |
India |
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|
Financials (as
on) : |
31.03.2017 |
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Date of Incorporation
: |
23.06.1989 |
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Com. Reg. No.: |
21-047103 |
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Capital
Investment / Paid-up Capital : |
INR 6.454 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U27101WB1989PTC047103 |
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|
IEC No.: |
Not Divulged |
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|
GSTIN : |
Not Divulged |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCM7663B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
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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 |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1989 having satisfactory track
record. It is engaged as manufacture of tea processing machine and also
trader of tea processing machines and parts. For the financial year 2017, the company has reported marginal decline
in its revenue as compared to its previous year along with the profit margin
during the year. Rating takes into consideration, the satisfactory financial risk
profile marked by adequate net worth base and strong debt protection metrics. Rating continue to derive strength from its long and established track
record of its business operation backed by its well experienced promoters
team. However rating strengths gets partially offset by high working capital
requirement and the company’s presence in highly competitive and fragmented
industry. Payments seems to be usually correct. In view of aforesaid, the concern 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
|
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 30.01.2018
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. Rajeev Shah |
|
Designation : |
Office Assistant |
|
Contact No.: |
91-33-22132181 |
|
Date : |
29.01.2018 |
|
Name : |
Mr. Sanjay Mukherjee |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9830572641 |
|
Date : |
29.01.2018 |
LOCATIONS
|
Registered Office / Workshop : |
P-239, Benaras Road, Howrah – 711108, West Bengal, India |
|
Tel. No.: |
91-33-28774286/ 26511207 |
|
Mobile No.: |
91-9830572641 (Mr. Sanjay Mukherjee) |
|
Fax No.: |
91-33-26513122 |
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E-Mail : |
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Website : |
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Marketing Office : |
2A, Ganesh Chandra Avenue, Commerce House, Kolkata - 700013, West Bengal, India |
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Tel. No.: |
91-33-22132181 |
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Fax No.: |
91-33-22132058 |
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|
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Branch Office 1 : |
Tea Auction Road, Sri Krishna Apartment, 3rd Floor, Mallaguri, P.O. Pradhan Nagar, Slilguri-734 403, Darjeeling, West Bengal, India |
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Branch Office 2 : |
Raja Ali Road, Tinsukia-786125, Assam, India |
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Overseas Agents
: |
Located at:
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DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Pankaj Kumar Maji |
|
Designation : |
Managing Director |
|
Address : |
P - 239, Benaras Road, Howrah - 711108, West Bengal, India |
|
Date of Appointment : |
23.06.1989 |
|
DIN No : |
00760540 |
|
|
|
|
Name : |
Ms. Reba Maji |
|
Designation : |
Director |
|
Address : |
Village P. O. - Domjur, Domjur Ghosh Para, Howrah –
711405, West Bengal, India |
|
Date of Appointment : |
23.06.1989 |
|
DIN No : |
00750677 |
|
|
|
|
Name : |
Pallob Kumar Maji |
|
Designation : |
Director |
|
Address : |
Domjur, Post - Domjur Ghosh Para, Howrah - 711405, West
Bengal, India |
|
Date of Birth/Age : |
19.07.1984 |
|
Date of Appointment : |
22.08.2008 |
|
DIN No : |
02312137 |
KEY EXECUTIVES
|
Name : |
Mr. Rajeev Shah |
|
Designation : |
Office Assistant |
|
|
|
|
Name : |
Mr. Sanjay Mukherjee |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Pankaj Kumar Maji |
45261 |
70.12 |
|
Reba Maji |
16596 |
25.71 |
|
Pallob Kumar Maji |
2687 |
4.16 |
|
Total |
64544 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
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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 – (31.03.2017)
|
Particulars |
Unit |
Production
Capacity |
|
Tea machinery and accessories |
Qty(Nos) |
3259 |
|
Pump and Spares |
Qty(Nos) |
514 |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
Note: Secured by charge on factory land at Benaras Road, District Howrah
with all building structure thereon whether present and future including its movable
plant and machineries and other fixed asset of the company and further
guaranteed by the directors) |
|
Auditors : |
|
|
Name : |
Bhandari B.C. and Company Chartered Accountants |
|
Address : |
1/1a, Biplabi Anukul Chandra Street, 4A, Electronic Centre, 4th Floor, Kolkata – 700072, West Bengal, India |
|
Tel. No.: |
91-2212-6135/6104 |
|
E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AACFB3313K |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates : |
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
80000 |
Equity Shares |
INR 100/- each |
INR 8.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
65444 |
Equity Shares |
INR 100/- each |
INR 6.454 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 |
6.454 |
6.454 |
6.244 |
|
(b) Reserves & Surplus |
29.380 |
27.136 |
23.971 |
|
(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 |
35.834 |
33.590 |
30.215 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.156 |
0.000 |
0.029 |
|
(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 |
1.156 |
0.000 |
0.029 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
34.922 |
37.906 |
43.855 |
|
(b) Trade payables |
54.737 |
62.380 |
61.358 |
|
(c) Other current liabilities |
22.965 |
17.116 |
17.237 |
|
(d) Short-term provisions |
1.060 |
1.111 |
1.120 |
|
Total
Current Liabilities |
113.684 |
118.513 |
123.570 |
|
|
|
|
|
|
TOTAL |
150.674 |
152.103 |
153.814 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
14.419 |
12.941 |
8.737 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
4.921 |
1.343 |
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) |
0.210 |
0.218 |
0.184 |
|
(d) Long-term Loan and Advances |
0.374 |
0.239 |
0.344 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
19.924 |
14.741 |
9.265 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
76.376 |
79.421 |
68.320 |
|
(c) Trade receivables |
39.641 |
47.893 |
66.760 |
|
(d) Cash and cash equivalents |
2.586 |
2.144 |
2.600 |
|
(e) Short-term loans and
advances |
12.147 |
7.904 |
6.869 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
130.750 |
137.362 |
144.549 |
|
|
|
|
|
|
TOTAL |
150.674 |
152.103 |
153.814 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
162.512 |
164.448 |
148.574 |
|
|
Other Income |
0.587 |
1.073 |
0.137 |
|
|
TOTAL
|
163.099 |
165.521 |
148.711 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
92.856 |
102.259 |
98.621 |
|
|
Purchases of Stock-in-Trade |
16.594 |
18.265 |
17.260 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.498 |
(9.093) |
(7.337) |
|
|
Employees benefits expense |
10.584 |
9.166 |
8.101 |
|
|
Other expenses |
33.544 |
36.743 |
24.630 |
|
|
TOTAL |
154.076 |
157.340 |
141.275 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
9.023 |
8.181 |
7.436 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
4.047 |
3.312 |
2.729 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
4.976 |
4.869 |
4.707 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
1.668 |
1.421 |
1.612 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
3.308 |
3.448 |
3.095 |
|
|
|
|
|
|
|
Less |
TAX |
1.063 |
1.082 |
0.950 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
2.245 |
2.366 |
2.145 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
73.113 |
51.310 |
46.464 |
|
|
TOTAL
EARNINGS |
73.113 |
51.310 |
46.464 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
34.78 |
34.35 |
34.35 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.234 |
0.029 |
0.078 |
|
Cash generated from operations |
13.643 |
15.910 |
(25.797) |
|
Net cash flows from (used in) operating activity |
(1.015) |
(1.222) |
(26.689) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
89.03 |
106.30 |
164.01 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.10 |
3.43 |
2.23 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
182.54 |
188.91 |
193.26 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.12 |
0.10 |
0.11 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.47 |
0.57 |
0.85 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.76 |
0.78 |
0.80 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.01 |
1.13 |
1.45 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
3.17 |
3.53 |
4.09 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.54 |
0.43 |
0.29 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.23 |
2.47 |
2.72 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
1.38 |
1.44 |
1.44 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.49 |
1.56 |
1.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
6.26 |
7.04 |
7.10 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.15 |
1.16 |
1.17 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.48 |
0.49 |
0.62 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.24 |
0.22 |
0.20 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
5.63 |
5.88 |
7.04 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.15 |
1.16 |
1.17 |
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 |
6.244 |
6.454 |
6.454 |
|
Reserves & Surplus |
23.971 |
27.136 |
29.380 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
30.215 |
33.590 |
35.834 |
|
|
|
|
|
|
long-term borrowings |
0.029 |
0.000 |
1.156 |
|
Short term borrowings |
43.855 |
37.906 |
34.922 |
|
Current maturities of
long-term debts |
0.078 |
0.029 |
0.234 |
|
Total
borrowings |
43.962 |
37.935 |
36.312 |
|
Debt/Equity
ratio |
1.455 |
1.129 |
1.013 |
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 |
148.574 |
164.448 |
162.512 |
|
|
|
10.684 |
(1.177) |
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 |
148.574 |
164.448 |
162.512 |
|
Profit |
2.145 |
2.366 |
2.245 |
|
|
1.44% |
1.44% |
1.38% |
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 |
Yes |
|
5] |
Buyer visit details |
-- |
|
6] |
Contact numbers |
Yes |
|
7] |
Name of the person contacted |
Yes |
|
8] |
Designation of contact person |
Yes |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
No |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
No |
|
16] |
No. of employees |
No |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
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 |
REVIEW OF OPERATIONS:
During the year, the Net profit of the Company is INR 2.245 Million as compared to INR 2.366 Million in the preceding financial year. The Directors are hopeful of maximizing the profit and are making their best efforts to achieve the desired results in the years to come.
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
AMOUNT |
ADDRESS |
|
1 |
G49249295 |
90256276 |
STATE BANK OF INDIA |
12/02/2004 |
21/07/2017 |
42971000.0 |
SME BRANCH, HOWRAH9, G. T. ROAD (SOUTH) HOWRAH WB711101IN |
|
2 |
Y10364448 |
90256811 |
STATE BANK OF INDIA |
20/10/1997 |
- |
1200000.0 |
HOWRAH BRANCH9; G.T. ROAD (SOUTH)HOWRAH WB711101IN |
|
3 |
G49250020 |
90252747 |
STATE BANK OF INDIA |
20/10/1997 |
21/07/2017 |
41307000.0 |
SME BRANCH, HOWRAH9, G. T. ROAD (SOUTH) HOWRAH WB711101IN |
|
4 |
Y10361320 |
90253683 |
STATE BANK OF INDIA |
26/03/1996 |
25/01/2002 |
1000000.0 |
COMMERCIAL BRANCH HOWRAH 9; G.T. ROAD (SOUTH) HOWRAH WB711101IN |
CONTINGENT LIABILITIES:
(i)
The Central Excise
Authorities had raised a demand of ONR 2.457 Million for the period 01.05.2009
to 26.02.2010. The company has paid INR 1.300 Million in this regard upto 31st
march 2013 which had been debited to the statement of profit and loss in
respective year of payment and further intends to seek rectification in
calculation of the said demand. Pending rectification the company has not
recognized balance liability of INR 1.157 Million as the actual demand that
will arise is unascertainable at this stage.
(ii)
Unexpired bank guarantee
INR 2.254 Million (Previous year INR 0.724 Million)
FIXED ASSETS
- Land
- Factory Shed
and Building
- Plant and
Equipment
- Furniture and
Fixture
- Vehicle
- Office
Equipment
- Bicycle
- Computer
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 : |
POJ |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
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.