|
|
|
MIRA INFORM REPORT
|
Report No. : |
515769 |
|
Report Date : |
23.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
NAV GANESHA SALES CORPORATION |
|
|
|
|
Registered
Office : |
947, Ijmima Complex, Raheja Metroplex, Off Link Road, Behind Infinity
Mall, Malad (West), Mumbai – 400064, Maharashtra |
|
Tel. No.: |
91-22-28896527/28896528/49240184 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Year of
Establishment : |
February 2007 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 22.485 million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Applicable (As informed by the management that firm
does not have export and import) |
|
|
|
|
PAN No.: [Permanent Account No.] |
APCPK5595F |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27APCPK5595F1ZO |
|
|
|
|
TIN No: |
27580637695 |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Distributor of Pharmaceutical Products and Surgical Equipments. (Confirmed by management) |
|
|
|
|
No. of Employees
: |
15 (Approximately) |
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 |
|
Maximum Credit Limit : |
USD 64000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was establishment in the year 2007 as a proprietorship firm and
it is having satisfactory track records. It is a distributor of pharmaceutical products and surgical
equipments. For the financial year 2017, the firm has increased its revenue from
operation as compared to previous year and maintained average profitability
margin 4.18%. Rating takes into consideration firm’s sound financial profile risk
profile along with adequate capital base and low debt balance sheet. The firm also derives strength from its long standing track records of
business operation improvement in the revenue as well as profitability
profile during the year. Trade relations are reported as fair. Business is active. Payment
terms are seems to be usually correct. In view of aforesaid, the firm can be considered for 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 firm on the given address. At the premises our executive met to Ms. Swati (Accountant) of the
firm and confirmed the existence at the given address. As per our executive observation, location of the firm is easy to
find. Land mark was behind Infinity Mall. It is a 10 storey building and firm
is situated on 9th floor. Locality appears to be commercial. Area seems
to be upmarket. 3 approximately employees were sighted unto 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
|
Country Name |
Previous Rating (31.12.2017) |
Current Rating (01.04.2018) |
|
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
31-03-2018.
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 23.06.2018
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 PARTED BY
|
Name : |
Mrs. Swati Kshirsagar |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-28896527/ 528 |
|
Date : |
19.06.2018 |
|
Name : |
Mr. Gurpreet Kohli |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9867589054 |
|
Date : |
19.06.2018 |
LOCATIONS
|
Registered Office / Warehouse: |
947, Ijmima Complex, Raheja Metroplex, Off Link Road, Behind Infinity Mall,
Malad (West), Mumbai – 400064, Maharashtra, India |
|
Tel. No.: |
91-22-28896527/28896528/49240184 |
|
Mobile No.: |
91-9867589054 (Mr. Gurpreet) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
850 Sq. ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
SOLE PROPRIETOR
|
Name : |
Mrs. KomalKaur Gurpreet Kohli |
|
Designation : |
Proprietor |
|
Address : |
501, B-Wing, Sale Jawaharban CHS Limited, 4 Bunglow VLG Ambivali,
Lokhandwala Road, Andheri (West), Mumbai – 400053, Maharashtra India |
|
Date of Birth/Age : |
09.11.1979 |
|
Qualification : |
Graduate |
|
Experience : |
10 Years |
|
PAN No.: [Permanent Account No.] |
APCPK5595F |
|
Passport No: |
G9748445 |
|
Aadhaar No: |
9792 2740 3075 |
KEY EXECUTIVES
|
Name : |
Mrs. Swati Kshirsagar |
|
Designation : |
Accountant |
|
Name : |
Mr. Gurpreet Kohli |
|
Designation : |
Chief Executive Officer |
BUSINESS DETAILS
|
Line of Business
: |
Distributor of Pharmaceutical Products and Surgical Equipments. (Confirmed by management urces) |
|
|
|
|
Products : |
Pharmaceutical Products and Surgical Equipments |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
|
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
Advance Payment and Credit (60 Days) |
|
|
|
|
Purchasing : |
Advance Payment and Credit (30/45 Days) |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||||
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Customers : |
Wholesalers and Retailers
|
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|
||||||||||||||||||||||||||||||||||
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No. of Employees : |
15 (Approximately) |
||||||||||||||||||||||||||||||||||
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|
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Bankers : |
|
||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Jayesh S. Vora Chartered Accountant |
|
Address : |
Mumbai |
|
Membership No: |
041681 |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Membership : |
Not Available |
|
|
|
|
Sister Concern : |
Nandana Surgicals |
CAPITAL STRUCTURE
AS ON: 31.03.2017
CAPITAL ACCOUNT
|
PARTICULAR |
Amount (INR in Million) |
PARTICULAR |
Amount (INR in Million) |
|
Income Tax |
2.609 |
Opening Balance |
16.764 |
|
Interest on Housing Loan |
1.129 |
Bank Interest |
0.001 |
|
Donation |
0.114 |
Inerest on FD |
1.077 |
|
Drawings |
1.664 |
Rent Income |
0.739 |
|
Life Insurance |
0.102 |
Nandana Surgicals Capital
|
0.605 |
|
Professional Tax |
0.005 |
Net Profit |
8.959 |
|
Loan Processing Charges |
0.012 |
|
|
|
Commission and Brokerage |
0.025 |
|
|
|
|
|
|
|
|
Clossing Balance |
22.485 |
|
|
|
Total |
28.145 |
Total |
28.145 |
FINANCIAL DATA
[all figures are
INR Million]
Note: Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Proprietor Capital |
|
22.485 |
16.764 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
22.485 |
16.764 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
15.970 |
13.599 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL
BORROWING |
|
15.970 |
13.599 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
38.455 |
30.363 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
92.391 |
42.657 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
3.396 |
2.801 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000 |
0.000 |
|
|
Sundry Debtors |
|
9.158 |
20.824 |
|
|
Cash & Bank Balances |
|
10.015 |
8.690 |
|
|
Other Current Assets |
|
21.503 |
29.904 |
|
|
Loans & Advances |
|
3.387 |
9.717 |
|
Total Current Assets |
|
44.063 |
69.135 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
35.212 |
46.210 |
|
|
Other Current Liabilities |
|
0.356 |
0.266 |
|
|
Provisions |
|
65.827 |
37.754 |
|
Total Current Liabilities |
|
101.395 |
84.230 |
|
|
Net Current
Assets |
|
(57.332) |
(15.095) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
38.455 |
30.363 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
214.179 |
183.047 |
|
|
Other Income |
|
17.623 |
22.679 |
|
|
TOTAL |
|
231.802 |
205.726 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
|
144.088 |
134.270 |
|
|
Audit Fees |
|
0.035 |
0.035 |
|
|
Salary to Staff |
|
47.314 |
34.392 |
|
|
Car Hire Charges |
|
1.327 |
1.324 |
|
|
Conveyance |
|
1.272 |
0.741 |
|
|
Society Charges |
|
0.031 |
0.029 |
|
|
Computer Expenses |
|
0.414 |
0.436 |
|
|
Electricity Charges |
|
0.096 |
0.081 |
|
|
Petrol Expenses |
|
0.547 |
0.286 |
|
|
Postage and Courier
Charges |
|
0.057 |
0.048 |
|
|
Miscellaneous Expenses |
|
1.130 |
0.090 |
|
|
Office Rent |
|
0.000 |
0.219 |
|
|
Contract Charges |
|
0.000 |
2.500 |
|
|
Pest Control |
|
0.000 |
0.003 |
|
|
Motor Car Expenses |
|
0.573 |
0.302 |
|
|
Printing and Stationery |
|
0.793 |
0.378 |
|
|
Professional Fees |
|
0.247 |
0.324 |
|
|
Repairs and Maintenance |
|
2.145 |
2.015 |
|
|
Car Insurance |
|
0.020 |
0.000 |
|
|
Business Promotion |
|
14.639 |
12.526 |
|
|
Staff Welfare |
|
1.541 |
2.003 |
|
|
Software Expenses |
|
0.006 |
0.083 |
|
|
Telephone Expenses |
|
0.788 |
0.773 |
|
|
Travelling Expenses |
|
1.980 |
1.102 |
|
|
Office Expenses |
|
1.022 |
0.747 |
|
|
Staff Uniform Expenses |
|
0.027 |
0.062 |
|
|
Internet Expenses |
|
0.021 |
0.013 |
|
|
Medicine Expenses |
|
0.539 |
0.096 |
|
|
Website Expenses |
|
0.004 |
0.029 |
|
|
TOTAL |
|
220.656 |
194.907 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, DEPRECIATION AND
AMORTISATION |
|
11.146 |
10.819 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
0.683 |
0.609 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
DEPRECIATION AND AMORTISATION |
|
10.463 |
10.210 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
1.504 |
1.447 |
|
|
|
|
|
|
|
|
NET PROFIT |
|
8.959 |
8.763 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
|
15.61 |
41.52 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
|
23.39 |
8.79 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
|
89.20 |
125.62 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
|
0.84 |
0.85 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
|
0.71 |
0.81 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
|
4.51 |
5.02 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
|
4.11 |
2.54 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
|
16.32 |
17.77 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
|
4.18 |
4.79 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
|
6.41 |
7.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
|
39.84 |
52.27 |
SOLVENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current Assets / Current Liabilities) |
|
0.43 |
0.82 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
|
0.43 |
0.82 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
|
0.16 |
0.15 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
|
0.71 |
0.81 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
|
0.43 |
0.82 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[All figures are
INR Million]
DEBT TO EQUITY RATIO
|
Particular |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
|
Proprietor Capital |
16.764 |
22.485 |
|
Reserves & Surplus |
0.000 |
0.000 |
|
Net worth |
16.764 |
22.485 |
|
|
|
|
|
Secured Loans |
13.599 |
15.970 |
|
Unsecured Loans |
0.000 |
0.000 |
|
Total borrowings |
13.599 |
15.970 |
|
Debt/Equity ratio |
0.811 |
0.710 |
YEAR ON YEAR GROWTH
|
Year on Year Growth |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
|
Sales |
183.047 |
214.179 |
|
|
17.008 |
NET
PROFIT MARGIN
|
Net Profit Margin |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Sales |
183.047 |
214.179 |
|
Profit |
8.763 |
8.959 |
|
|
4.79% |
4.18% |
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 –Legal Form |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
Yes |
|
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 |
Yes |
|
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 |
Yes |
|
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 |
No |
|
26 |
Turnover of firm for last two years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last two years |
Yes |
|
30 |
Major shareholders, if available |
No |
|
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 |
FIXED ASSETS
- Air Conditioner
- Furniture and fixture
- Computer and Printers
- Motor Car
- Mobile
- Television
- Office Premises
- Plant and Machinery
- Water Purifier
- Building
|
OBSERVATION POINTS |
|
Name of Company : |
NAV GANESHA SALES CORPORATION |
|
|
|
|
Address : |
947, Ijmima Complex, Raheja Metroplex, Off Link Road, Behind Infinity
Mall, Malad (West), Mumbai – 400064, Maharashtra |
|
|
|
|
Person to whom we met: |
Mrs. Swati Kshirsagar Designation : Accountant |
|
|
|
|
Name Board : |
Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark : |
Behind Infinity Mall |
|
|
|
|
Total Floors of the building: |
10 Floor |
|
|
|
|
Subject situated on: |
9 Floors |
|
|
|
|
Locality: |
Commercial |
|
|
|
|
Area : |
Upmarket |
|
|
|
|
No. of employees seen at premises: |
03 (Approximately) |
|
|
|
|
Visibility of
Items: |
·
Telephone ·
Fax Machine ·
Telex ·
Computers ·
Air Conditioner ·
Office Equipment |
|
|
|
|
Furniture items
sighted : |
Yes |
|
|
|
|
Proof of visit: |
Photograph |
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––--------------
NANDANA SURGICALS
CAPITAL STRUCTURE
AS ON: 31.03.2017
CAPITAL ACCOUNT
|
PARTICULAR |
Amount (INR in Million) |
PARTICULAR |
Amount (INR in Million) |
|
Drawing |
1.013 |
Opening Balance Nav Ganesha Sales Corporation |
2.092 |
|
Corporation Capital (Nav Ganesha
Sales Corporation) |
0.605 |
|
|
|
Net Loss as per Profit
and Loss |
0.123 |
|
|
|
Closing Balance |
0.351 |
|
|
|
Total |
2.092 |
Total |
2.092 |
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
1] Proprietor Capital |
0.351 |
2.092 |
|
|
2] Share Application Money |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
|
|
NETWORTH |
0.351 |
2.092 |
|
|
LOAN FUNDS |
|
|
|
|
1] Secured Loans |
0.122 |
0.312 |
|
|
2] Unsecured Loans |
0.038 |
0.038 |
|
|
TOTAL
BORROWING |
0.160 |
0.350 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL |
0.511 |
2.442 |
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.501 |
0.592 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
Inventories |
0.000 |
0.000 |
|
|
Sundry Debtors |
0.000 |
0.000 |
|
|
Cash & Bank Balances |
0.010 |
0.143 |
|
|
Other Current Assets |
0.000 |
1.707 |
|
|
Loans & Advances |
0.000 |
0.000 |
|
Total Current Assets |
0.010 |
1.850 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
Sundry Creditors |
0.000 |
0.000 |
|
|
Other Current Liabilities |
0.000 |
0.000 |
|
|
Provisions |
0.000 |
0.000 |
|
Total Current Liabilities |
0.000 |
0.000 |
|
|
Net Current
Assets |
0.010 |
1.850 |
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL |
0.511 |
2.442 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
Income |
0.000 |
0.000 |
|
|
Other Income |
0.000 |
0.000 |
|
|
TOTAL |
0.000 |
0.000 |
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
Petrol Expenses |
0.000 |
0.009 |
|
|
TOTAL |
0.000 |
0.009 |
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, DEPRECIATION AND
AMORTISATION |
0.000 |
(0.009) |
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.032 |
0.061 |
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
DEPRECIATION AND AMORTISATION |
(0.032) |
(0.070) |
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
0.091 |
0.111 |
|
|
|
|
|
|
|
NET PROFIT |
(0.123) |
(0.181) |
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 67.77 |
|
|
1 |
INR 89.96 |
|
Euro |
1 |
INR 78.86 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
MTN |
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.