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|
%20PRIVATE%20LIMITED%20-%20488660%2030-Jan-2018_files/image015.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20488660%2030-Jan-2018_files/image016.jpg)
%20PRIVATE%20LIMITED%20-%20488660%2030-Jan-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
488660 |
|
Report Date : |
30.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
RAI PREXIM (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
9-A, Connaught Place, Philips Building, New Delhi - 110001 |
|
Tel. No.: |
91-11-23311681/ 23321270 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
16.02.1993 |
|
|
|
|
Com. Reg. No.: |
55-052182 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 23.256 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1993PTC052182 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GSTIN : |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACR0654A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
· Subject is engaged in the business of grinding of crank shafts and repair and maintenance of DG Sets. It is also engaged in trading of all types of Diesel Engines, Generating sets, crank shaft and manufacturing of VOLVO DG Sets. (Registered Activity and also Confirmed by management) · Manufacture of engines and turbines, except aircraft, vehicle and cycle engines (Registered Activity) |
|
|
|
|
No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Rai Prexim India Private Limited was incorporated in the year 1993. It is engaged in Grinding of Crank Shafts and repair and maintenance of DG Sheets. It is also engaged in trading of all types of Diesel Engines, Generating Sets, Crank Shaft and manufacturing of Volvo DG Sets. For the financial year 2017, the company has achieved 54.08% growth in its revenue as compared to previous year revenue but has incurred operational loss. The moderate financial profile of the company is marked by low reserve base as compared to its capital along with negligible debt level. However, rating weakness is partially offset by subject’s long track record of business operations along with extensive experience of its promoters. Payments seems to be slow. In view of aforesaid, the company can be considered for business dealings with some caution. |
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Ms. Anupama |
|
Designation : |
Office Executive |
|
Contact No.: |
91-11-23311681 |
|
Date : |
29.01.2018 |
LOCATIONS
|
Registered Office : |
9-A, Connaught Place, Philips Building, New Delhi – 110001, India |
|
Tel. No.: |
91-11-23311681/ 23321270 |
|
Fax No.: |
91-11-23327598 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Plot No. 23, Phase - 4, Udyog Vihar, Phase-4, Gurugram – 122015, Haryana, India |
|
|
|
|
Branch Office: |
Rai Power, 'Vasundhara Building, 7th Floor, 2/7, Sarat Bose Road,
Kolkata – 700020, West Bengal, India |
|
Tel. No.: |
91-33-24758127/28 |
|
Fax No.: |
91-33-24758127/28 |
DIRECTORS
As on 31.03.2017
|
Name : |
Ms. Purnima Rai |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
3, Prithviraj Road, New Delhi – 110011, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
01.07.1952 |
||||||||||||||||||||||||
|
Date of Appointment : |
02.06.2008 |
||||||||||||||||||||||||
|
DIN No.: |
00467982 |
||||||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Ms. Shobhana Menon |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
E-4, Nizamuddin West, New Delhi-110013, India |
||||||||||||||||||||||||
|
Date of Appointment : |
16.03.2016 |
||||||||||||||||||||||||
|
DIN No.: |
07471499 |
||||||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Ms. Anupama |
|
Designation : |
Office Executive |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Purnima Rai |
|
1351061 |
|
Yadav Rai |
|
5031 |
|
Rai and Sons Private Limited, India |
|
220355 |
|
Nova Energy Private Limited, India |
|
749180 |
|
Total |
|
2325627 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
58.31 |
|
Promoters (Body corporate) |
41.69 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20488660%2030-Jan-2018_files/image020.gif)
BUSINESS DETAILS
|
Line of Business : |
· Subject is engaged in the business of grinding of crank shafts and repair and maintenance of DG Sets. It is also engaged in trading of all types of Diesel Engines, Generating sets, crank shaft and manufacturing of VOLVO DG Sets. (Registered Activity and also Confirmed by management) · Manufacture of engines and turbines, except aircraft, vehicle and cycle engines (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 : |
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Selling : |
Cheque, Others (RTGS) |
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||||||||
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Purchasing : |
Cheque, Others (RTGS) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Retailers
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No. of Employees : |
250 (Approximately) |
|||||||||||||||||||||||||||||||||
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Bankers : |
·
ICICI Bank Limited |
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|
|||||||||||||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
S.R. Dinodia and Co. LLP Chartered Accountants |
|
Address : |
K-39, Connaught Circus, New Delhi – 110001, India |
|
PAN
N Income-tax PAN of auditor or auditor's firm : |
ACLFS0165R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises owned of significantly influenced by KMP of their
relatives (As confirmed by management) |
·
Rai and Sons Private Limited ·
Rai Industrial Power Private Limited ·
Prime Energy Private Limited |
CAPITAL STRUCTURE
As on 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
INR 10/- each |
INR 40.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2325627 |
Equity Shares |
INR 10/- each |
INR 23.256 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 |
23.256 |
23.256 |
23.256 |
|
(b) Reserves & Surplus |
15.406 |
21.206 |
38.541 |
|
(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) |
38.662 |
44.462 |
61.797 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
25.843 |
1.468 |
1.046 |
|
(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 |
13.614 |
10.520 |
8.403 |
|
Total
Non-current Liabilities (3) |
39.457 |
11.988 |
9.449 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.800 |
6.980 |
0.000 |
|
(b) Trade payables |
39.779 |
50.253 |
2.559 |
|
(c) Other current liabilities |
37.793 |
13.147 |
6.098 |
|
(d) Short-term provisions |
0.245 |
0.529 |
0.709 |
|
Total
Current Liabilities (4) |
78.617 |
70.909 |
9.366 |
|
|
|
|
|
|
TOTAL |
156.736 |
127.359 |
80.612 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
22.510 |
23.853 |
22.711 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2.393 |
7.746 |
8.106 |
|
(c) Deferred tax assets (net) |
12.192 |
9.724 |
4.229 |
|
(d) Long-term Loan and Advances |
5.492 |
4.496 |
3.907 |
|
(e) Other Non-current assets |
0.084 |
0.281 |
0.000 |
|
Total
Non-Current Assets |
42.671 |
46.100 |
38.953 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
46.234 |
42.539 |
4.924 |
|
(c) Trade receivables |
27.206 |
19.818 |
15.967 |
|
(d) Cash and cash equivalents |
28.426 |
9.193 |
14.796 |
|
(e) Short-term loans and
advances |
11.973 |
9.328 |
5.551 |
|
(f) Other current assets |
0.226 |
0.381 |
0.421 |
|
Total
Current Assets |
114.065 |
81.259 |
41.659 |
|
|
|
|
|
|
TOTAL |
156.736 |
127.359 |
80.612 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
234.204 |
151.994 |
37.918 |
|
|
Other Income |
4.611 |
1.603 |
3.789 |
|
|
TOTAL
|
238.815 |
153.597 |
41.707 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
161.944 |
104.302 |
0.000 |
|
|
Purchases of Stock-in-Trade |
8.630 |
0.000 |
0.000 |
|
|
(increase)/ decrease in
inventories |
(0.204) |
4.541 |
0.000 |
|
|
Employees benefits expense |
35.621 |
31.184 |
20.949 |
|
|
Other expenses |
35.726 |
32.382 |
16.485 |
|
|
Exceptional Expenses |
(0.139) |
(0.124) |
0.000 |
|
|
TOTAL |
241.578 |
172.285 |
37.434 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
(2.763) |
(18.688) |
4.273 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2.308 |
0.713 |
0.716 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(5.071) |
(19.401) |
3.557 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
3.153 |
3.427 |
3.545 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(8.224) |
(22.828) |
0.012 |
|
|
|
|
|
|
|
Less |
TAX |
(2.424) |
(5.494) |
(0.310) |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(5.800) |
(17.334) |
0.322 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
(3.46) |
(7.45) |
0.14 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
6.071 |
0.742 |
0.388 |
|
Cash generated from operations |
(4.069) |
(7.869) |
1.692 |
|
Net cash from operating activities |
(4.775) |
(8.343) |
(0.024) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
42.40 |
47.59 |
153.70 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
8.61 |
7.67 |
2.37 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
85.12 |
175.86 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
(0.06) |
(0.44) |
0.87 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
(0.12) |
(0.78) |
0.19 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.71 |
0.57 |
0.13 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.85 |
0.21 |
0.02 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.03 |
1.59 |
0.15 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.58 |
0.54 |
0.37 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
(1.20) |
(26.21) |
5.97 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
(2.48) |
(11.40) |
0.85 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(3.70)
|
(13.61) |
0.40 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(15.00) |
(38.99) |
0.52 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.45 |
1.15 |
4.45 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.86 |
0.55 |
3.92 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.25 |
0.35 |
0.77 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1.41 |
0.40 |
0.06 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.45 |
1.15 |
4.45 |
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 |
23.256 |
23.256 |
23.256 |
|
Reserves & Surplus |
38.541 |
21.206 |
15.406 |
|
Net
worth |
61.797 |
44.462 |
38.662 |
|
|
|
|
|
|
long-term borrowings |
1.046 |
1.468 |
25.843 |
|
Short term borrowings |
0.000 |
6.980 |
0.800 |
|
Current maturities of
long-term debts |
0.388 |
0.742 |
6.071 |
|
Total
borrowings |
1.434 |
9.190 |
32.714 |
|
Debt/Equity
ratio |
0.023 |
0.207 |
0.846 |
%20PRIVATE%20LIMITED%20-%20488660%2030-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 |
37.918 |
151.994 |
234.204 |
|
|
|
300.849 |
54.088 |
%20PRIVATE%20LIMITED%20-%20488660%2030-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 |
37.918 |
151.994 |
234.204 |
|
Profit/ (Loss) |
0.322 |
(17.334) |
(5.800) |
|
|
0.85% |
(11.40%) |
(2.48%) |
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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 |
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 |
Yes |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE INFORMATION:
Subject the Company is a Private Company incorporated under the provisions of the Companies Act, 1956 on 16th February 1993. The Company is engaged in the business of grinding of crank shafts and repair and Maintaince of DG Sets. It is also engaged in trading of all types of Diesel Engines, Generating sets, crank shaft and their accessories from August, 2015 the company has started manufacturing of VOLVO DG Sets.
COMPANY’S AFFAIRS
The Company has incurred loss of INR 5.800 million in the current year as compared to loss of INR 17.334 million during the immediate preceding year. The Company has total revenue of INR 238.815 million in the current year as compared to INR 153.597 million during the immediate preceding year.
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand |
0.800 |
3.433 |
|
Total |
0.800 |
3.433 |
INDEX
OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B22538920 |
10113189 |
Bank of Baroda |
14/07/2008 |
14/09/2011 |
- |
218000000.0 |
M-9 CONNAUGHT CIRCUS NEW DELHI 110001 INDIA |
|
2 |
B30312359 |
10113190 |
Bank of Baroda |
14/07/2008 |
03/01/2012 |
- |
175000000.0 |
M-9 CONNAUGHT CIRCUS NEW DELHI 110001 INDIA |
|
3 |
C02232403 |
10043301 |
Bank of Baroda |
06/03/2007 |
14/02/2014 |
- |
243000000.0 |
BANK OF BARODA NEW DELHI 110001 INDIA |
|
4 |
C02232502 |
10043296 |
Bank of Baroda |
06/03/2007 |
28/03/2014 |
- |
185000000.0 |
BANK OF BARODA NEW DELHI 110001 INDIA |
|
5 |
Z00116824 |
80025653 |
Bank of Baroda |
07/11/2005 |
07/03/2007 |
- |
33500000.0 |
M-9 CONNAUGHT CIRCUS NEW DELHI 110001 INDIA |
|
6 |
Z00116775 |
80025652 |
Bank of Baroda |
07/11/2005 |
21/04/2007 |
- |
100000000.0 |
M-9 CONNAUGHT CIRCUS NEW DELHI 110001 INDIA |
|
7 |
Y10124098 |
90044003 |
LORD KRISHNA BANK LIMITED |
04/12/2003 |
27/08/2004 |
- |
15000000.0 |
K - 2; CHOUDHRY BUILDINGCONNAUGHT PLACE NEW DELHI 110001 INDIA |
|
8 |
G61475919 |
100066468 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
29/10/2016 |
- |
08/11/2017 |
32000000.0 |
ONE FORBES, DR. V. B. GANDHI MARG, FORT MUMBAI M 400001 IN |
|
9 |
G56408743 |
90042479 |
BANK OF MAHARASHTRA |
27/05/1999 |
- |
18/09/2017 |
2400000.0 |
CONNAUGHT PLACE BRANCH NEW DELHI INDIA |
|
10 |
G56410111 |
90042842 |
BANK OF MAHARASHTRA |
27/07/2000 |
- |
18/09/2017 |
6600000.0 |
B - 29. CONNAUGHT PLACE NEW DELHI 110001 INDIA |
FIXED ASSETS
- Land
- Building
- Furniture and Fixture
- Plant and Equipment
- Vehicles
- Office Equipment
- Computers
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l Anti-Money
Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 63.50 |
|
UK Pound |
1 |
INR 90.92 |
|
Euro |
1 |
INR 79.07 |
INFORMATION DETAILS
|
Information
Gathered by : |
PUJ |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
JYTK |
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.
·