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MIRA INFORM REPORT
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Report No. : |
514102 |
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Report Date : |
22.06.2018 |
IDENTIFICATION DETAILS
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Name : |
HAMDARD LABORATORIES INDIA |
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Registered
Office : |
Hamdard Building, 2A/3 Asaf Ali Road, New Delhi-110002 |
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Tel. No.: |
91-11-23239801-4/ 23221027/ 23215307 |
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Country : |
India |
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Financials (as
on) : |
Not Available |
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Year of
Incorporation : |
1906 |
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Capital
Investment : |
Not Divulged |
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IEC No.: [Import-Export Code No.] |
0590001540 |
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TIN No.: |
07430012506 |
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PAN No.: [Permanent Account No.] |
AAATH0842H |
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GSTN : [Goods & Service Tax
Registration No.] |
07AAATH0842H2ZX |
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Legal Form : |
Trust |
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Line of Business
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Manufacturer, Exporter and Trader of Unani and Ayurvedic Products.
[From Indirect Sources] |
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No. of Employees
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201-500 [Approximately] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Hamdard Laboratories India is an established organization started in the year 1906 and it is having good track records. It was founded by Hakeem Hafiz Abdul Majeed a Unani practitioner and became non-profitable trust in 1948. It is associated with Hamdard Foundation, a charitable educational trust. It has famous product lines including Sharbat Rooh Afza, Safi, Roghan Badam Shirin, Sualin, Joshina and Cinkara. The organization is committed to making quality healthcare an affordable and accessible reality throughout the world along with 600 plus natural and herb- based Products. Further as indirect sources we could find that, it is also planning to enter into new segments such as cosmetics and looking to set up greenfield plant for its new products further also planning to open ten wellness centres across the country, starting with Delhi. Rating takes into consideration established track records of business operations along with extensive experience of promoters in the Unani medicine. Business is active. Payment terms are seems to be regular. In view of aforesaid, the subject can be considered good for normal business dealings at usual trade terms and conditions. Note: Site visit was conducted at the address which you have provided. Our executive has successfully traced the subject on the given address. At the premises our executive met to Mr. Shabbir (Designation Not Divulged) of the subject and confirmed the existence at the given address. As per our executive observation, location of the subject is easy to find. Landmark was near LIC Building. It is a 4 storey building and whole premises belong to subject. Locality appears to be commercial. Area seems to be upmarket 7 approx. employees were sighted into premises. Name board of the firm was sighted at the given address. |
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
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Country Name |
Previous Rating (31.12.2017) |
Current Rating (01.04.2018) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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
31-03-2018.
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 22.06.2018
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 DECLINED BY
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Name : |
Mr. Shabbir Ahmed |
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Designation : |
Not Divulged |
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Contact No.: |
91-9013838922 |
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Date : |
20.06.2018 |
MANAGEMENT NON-COOPERATIVE [91-11-23239801/ 23221027]
LOCATIONS
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Registered Office : |
Hamdard Building, 2A/3, Asaf Ali Road, New Delhi-110002, India |
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Tel. No.: |
91-11-23239801-4/ 23221027/ 23215307 |
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Mobile No.: |
91-9013838922 [Mr. Shabbir Ahmed] |
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Fax No.: |
91-11- 23239805 |
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E-Mail : |
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Website : |
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Locality : |
Commercial [As per site visit] |
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Branch Office 1: |
B-317-318, Okhla Industrial Area, PH-1, New Delhi-110020, India |
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Branch Office 2: |
Plot No.B/2 Industrial Area Site No.3, Meerut Road, Ghaziabad-201009, Uttar Pradesh, India |
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Branch Office 3: |
Plot NO.12,13,14,15 Sect-7, Industrial Estate, Imt Manesar, Gurgaon -122051, Haryana, India |
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Branch Office 4: |
D-38, Site-Iii, Meerut Road, Industrial Area, Ghaziabad-201002, Uttar Pradesh, India |
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Branch Office 5: |
Area, Site No.3,Plot No.B/1,Meerut, Road, Ghaziabad-201009, Uttar Pradesh, India |
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Branch Office 6: |
Area Site, No.3, Plot No. B/3,Meerut, Road, Ghaziabad-201009, Uttar Pradesh, India |
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Overseas
Offices: |
Located at: · Pakistan · Bangladesh |
MANAGEMENT
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Name : |
Mr. Abdul Mueed |
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Designation : |
Member |
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Name : |
Mr. Hammad Ahmed |
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Designation : |
Member |
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Name : |
Mr. Abdul Majeed |
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Designation : |
Member |
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Name : |
Mr. Asad Mueed |
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Designation : |
Member |
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Name : |
Mr. Hamid Ahmed |
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Designation : |
Member |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Trader of Unani and Ayurvedic Products.
[From Indirect Sources] |
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Products/ Services : |
Unani and Ayurvedic Products |
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Brand Names : |
Hamdard |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
· United States of America · United Kingdom · Gulf Countries · France · United Arab Emirates |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cash |
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Purchasing : |
Cash |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
201-500 [Approximately] |
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Bankers : |
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Auditors : |
Not Divulged |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
NOT DIVULGED
FINANCIAL ANALYSIS
[all figures are
in INR Million]
NOT DIVULGED
The above information has been declined by Mr. Shabbir Ahmed
LOCAL AGENCY FURTHER INFORMATION
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Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
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1 |
Year of establishment |
Yes |
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2 |
Constitution of the entity -Incorporation
details |
Yes |
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3 |
Locality of the entity |
Yes |
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4 |
Premises details |
No |
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5 |
Buyer visit details |
Yes |
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6 |
Contact numbers |
Yes |
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7 |
Name of the person contacted |
Yes |
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8 |
Designation of contact person |
No |
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9 |
Promoter’s background |
No |
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10 |
Date of Birth of Proprietor / Partners / Directors |
No |
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11 |
Pan Card No. of Proprietor / Partners |
No |
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12 |
Voter Id Card No. of Proprietor / Partners |
No |
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13 |
Type of business |
Yes |
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14 |
Line of Business |
Yes |
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15 |
Export/import details (if applicable) |
Yes |
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16 |
No. of employees |
No |
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17 |
Details of sister concerns |
No |
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18 |
Major suppliers |
No |
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19 |
Major customers |
No |
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20 |
Banking Details |
Yes |
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21 |
Banking facility details |
No |
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22 |
Conduct of the banking account |
-- |
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23 |
Financials, if provided |
No |
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24 |
Capital in the business |
No |
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25 |
Last accounts filed at ROC, if applicable |
No |
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26 |
Turnover of firm for last three years |
No |
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27 |
Reasons for variation <> 20% |
-- |
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28 |
Estimation for coming financial year |
No |
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29 |
Profitability for last three years |
No |
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30 |
Major shareholders, if available |
No |
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31 |
External Agency Rating, if available |
No |
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32 |
Litigations that the firm/promoter
involved in |
-- |
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33 |
Market information |
-- |
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34 |
Payments terms |
Yes |
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35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OBSERVATION POINTS
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Name of Company : |
HAMDARD LABORATORIES INDIA |
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Address : |
Hamdard Building, 2A/3 Asaf Ali Road, New Delhi-110002, India |
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Contact No.: |
91-9013838922 |
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Person to whom we met: |
Mr. Shabbir [Designation not divulged] |
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Name Board : |
Sighted |
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Location: |
Easy |
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Landmark (If Any): |
LIC Building |
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Total Floors of the Building : |
4 Floors |
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Subject situated on: |
Whole Premises belongs to the subject |
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Locality: |
Commercial |
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Area : |
Upmarket |
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No. of employees seen at premises: |
07 [Approximately] |
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Visibility of
Items: |
·
Telephone ·
Fax Machine ·
Telex ·
Computers ·
Air conditioner ·
Xerox Machine ·
Office Equipment’s |
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Furniture not
sighted : |
Yes |
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Proof of visit: |
Photos |
WEBSITE DETAILS:
NEWS/ PRESS RELEASE
HAMDARD LABS
EYES INR 10000.000 MILLION SALES
NEW DELHI, JULY 20
FMCG firm Hamdard Laboratories is aiming to clock sales of INR 10000.000 million in next three years on the back of growth from existing products, new launches and extension of its heritage brands as Rooh Afza and Safi.
The over 100-year-old company is also planning to enter new segments such as cosmetics while it is looking to set up greenfield plant for its new products.
Moreover, the company is planning to open ten wellness centres across the country, starting with Delhi.
“In the next three years, we intend to touch INR 10000.000 million. We are ready for that. It is clear plan to be there by fiscal 2019-20,” Hamdard Laboratories Chief Sales and Marketing Officer Mansoor Ali told PTI.
He further said: “Primarily, the growth will be fuelled by our existing products and brand extensions.”
The company has a sales turnover of over INR 6000.000 million and is growing above 20 per cent from last two years.
Hamdard, as part of its image makeover and to attract the young generation, is planning to extend its brand Rooh Afza into ‘ready-to-drink segment’
“We are trying to make the brand relevant to the younger generation by changing its image in terms of packaging and brand extension. In Rooh Afza, we will have more cool youth based aspirational product like ready-to-drink,” said Ali adding that test launch would be in the third quarter.
The company is considering tetra pack and pet bottles for Rooh Afza, he added.
Besides, Hamdard is changing packaging of Safi and Roghan Badam to attract youth.
On entry into new segments, Ali said: “In our future growth, there would be new categories. So, one of the categories will be cosmetics.”
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
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Currency |
Unit
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INR |
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US Dollar |
1 |
INR 68.20 |
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1 |
INR 89.58 |
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Euro |
1 |
INR 78.79 |
INFORMATION DETAILS
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Information
Gathered by : |
SUP |
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Analysis Done by
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PRS |
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Report Prepared
by : |
RUP |
SCORE FACTORS
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
YES |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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.
·