|
|
|
MIRA INFORM REPORT
|
Report No. : |
515320.2 |
|
Report Date : |
23.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
SHREE BOOK CENTRE |
|
|
|
|
Registered
Office : |
Gala No. 8, Kakad Industrial Estate, S. Keer Marg, Off L J Road,
Matunga [West], Mumbai – 400016, Maharashtra |
|
Tel. No.: |
91-22-24377516/ 24374559 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2018 [Provisional] |
|
|
|
|
Date of
Establishment: |
16.09.1985 |
|
|
|
|
Capital
Investment : |
INR 84.450 Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0394070526 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAAFS6354H |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAAFS6354H1Z3 |
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|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
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|
|
|
Line of Business
: |
Exporter, Importer, Distributor and Publisher of unique range of Pre
School Children’s Books and General Books. [Confirmed by Management] |
|
|
|
|
No. of Employees
: |
40 (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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is a partnership firm established in the year 1985. It is an Exporter, Importer, Distributor and Publisher of unique range
of Pre School Children’s Books and General Books. As per the provisional financial records of 2018, the firm has
achieved 18.32% growth in its revenue as compared to the previous year revenue
along with decent profit margin of 8.41%. The satisfactory financial profile of the firm is marked by sufficient
capital base along with comfortable debt coverage indicators. Rating takes into consideration long established track record of the firm.
Further, Supplier (Parragon Publishing India Private Limited) has
claimed that they are satisfied with the subject’s payment behavior and
market goodwill. Business is active. Payment seems to be usually correct. In view of aforesaid, the subject can be considered for business
dealings at usual trade terms and conditions. Note: Earlier when we
had prepared a report we had erroneously mentioned that subject was
established in the year 1989 but now we rectify the same. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 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 : |
Mr. Manoj Parikh |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-24377516 |
|
Date : |
16.06.2018 |
LOCATIONS
|
Registered Office : |
Gala No. 8, Kakad Industrial Estate, S. Keer Marg, Off L J Road,
Matunga [West], Mumbai – 400016, Maharashtra, India |
|
Tel. No.: |
91-22-24377516 / 24374559 |
|
Mobile No.: |
91-9821178635 (Mr. Manoj Parikh) |
|
Fax No.: |
91-22-24309183 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2500 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Warehouse : |
Mahavir Complex, Q Building, 6 to 11, Anjur-Mankoli Road, Val Village,
Bhiwandi, Thane – 421302, Maharashtra, India |
|
E-Mail : |
|
|
Area : |
34146 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Retail Store : |
Located at: · Juhu, Mumbai, Maharashtra, India (Granth Book Store) |
PARTNERS
|
Name : |
Mr. Paresh Baua |
|
Designation : |
Partner |
|
Address : |
Matunga [West], Mumbai, Maharashtra, India |
|
Date of Birth/Age : |
54 Years |
|
|
|
|
Name : |
Mr. Chandrakant Baua |
|
Designation : |
Partner |
|
Address : |
Matunga [West], Mumbai, Maharashtra, India |
|
Date of Birth/Age : |
56 Years |
|
|
|
|
Name : |
Mr. Jayesh Baua |
|
Designation : |
Partner |
|
Address : |
Matunga [West], Mumbai, Maharashtra, India |
|
Date of Birth/Age : |
52 Years |
|
|
|
|
Name : |
Mrs. Taraben Baua |
|
Designation : |
Partner |
|
Address : |
Matunga [West], Mumbai, Maharashtra, India |
|
Date of Birth/Age : |
73 Years |
KEY EXECUTIVES
|
Name : |
Mr. Manoj Parikh |
|
Designation : |
Accounts Manager |
BUSINESS DETAILS
|
Line of Business : |
Exporter, Importer, Distributor and Publisher of unique range of Pre
School Children’s Books and General Books. [Confirmed by Management] |
|
|
|
|
Products/ Services : |
Pre School Children’s Books and General Books. |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
· Miles Kelly Publishing Limited, UK · Hinkler Book Pty Limited, Australia · Heinemann Raintree, UK · Parragon Publishing India Private Limited, Noida |
|
|
|
|
Exports : |
|
|
Products : |
Pre School Children’s Books and General Books. |
|
Countries : |
· Sri Lanka · Dubai · Malaysia |
|
|
|
|
Imports : |
|
|
Products : |
Pre School Children’s Books and General Books. |
|
Countries : |
· UK · USA · Singapore |
|
|
|
|
Terms : |
|
|
Selling : |
Advance Payment, L/C, Cheque and Credit [120 Days] |
|
|
|
|
Purchasing : |
Advance Payment, L/C, Cheque and Credit [150 Days] |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
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Customers : |
Wholesalers, Retailers, End Users and Others [School and Libraries]
|
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No. of Employees : |
40 (Approximately) |
||||||||||||||||||||||
|
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|
||||||||||||||||||||||
|
Bankers : |
|
|
|
|
|
Auditors : |
|
|
Name : |
L.N. Maru and Company Chartered Accountants |
|
Address : |
Dadar-Wadala, Mumbai – 400031, Maharashtra, India |
|
Tel. No.: |
91-22-24122382 |
|
E-Mail : |
|
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Sister Concern : |
· Granth Address 1: Juhu Tara Road,
Juhu, Mumbai, Maharashtra, India Activity: Retail Book
Stores Address 2 : JW Marriott,
Juhu, Mumbai, Maharashtra, India Activity: Book Shop |
CAPITAL STRUCTURE
AS ON 31.03.2018 [PROVISIONAL]
|
Particulars |
Amount in
Million |
|
Chandrakant Baua |
29.166 |
|
Jayesh Baua |
23.585 |
|
Paresh Baua |
19.466 |
|
Taraben Baua |
12.233 |
|
|
|
|
Total |
84.450 |
FINANCIAL DATA
[all figures are
in 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 |
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Capital Account |
84.450 |
86.853 |
82.944 |
|
|
2] Profit and Loss Account |
18.591 |
0.000 |
0.000 |
|
|
NETWORTH |
103.041 |
86.853 |
82.944 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
139.058 |
37.890 |
44.135 |
|
|
2] Unsecured Loans |
147.912 |
83.666 |
79.157 |
|
|
TOTAL BORROWING |
286.970 |
121.556 |
123.292 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
390.011 |
208.409 |
206.236 |
|
|
|
|
|
|
|
|
APPLICATION OF
FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
70.979 |
69.996 |
67.555 |
|
|
Capital work-in-progress |
19.690 |
19.167 |
19.352 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.595 |
0.596 |
1.523 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
255.007
|
|
|
|
|
Sundry Debtors |
118.753
|
|
|
|
|
Other Current Assets |
8.509
|
|
|
|
|
Loans & Advances |
11.245
|
268.548 |
237.084 |
|
|
Cash & Bank Balances |
0.918
|
0.567 |
7.249 |
|
Total
Current Assets |
394.432
|
269.115 |
244.333 |
|
|
Less :
CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
93.833
|
|
|
|
|
Other Current Liabilities |
1.255
|
|
|
|
|
Provisions |
0.647
|
|
|
|
Total
Current Liabilities |
95.735
|
150.465 |
126.527 |
|
|
Net Current Assets |
298.697
|
118.650 |
117.806 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
SUSPENSE A/C |
0.050 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
390.011 |
208.409 |
206.236 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2018 [Provisional] |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
|
|
220.831 |
|
|
|
Other Income |
|
|
0.668 |
|
|
|
TOTAL |
|
|
221.499 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
111.442 |
|
|
|
Direct Expenses |
|
|
0.058 |
|
|
|
Office and Administrative Expenses |
|
|
28.620 |
|
|
|
P & L Appropriation A/c |
|
|
11.622 |
|
|
|
Selling and Distribution Expenses |
|
|
16.142 |
|
|
|
Donation |
|
|
0.212 |
|
|
|
Foreign Exch. Fluctuation loss/ gain |
|
|
0.124 |
|
|
|
Water Tax – Mira Road |
|
|
0.009 |
|
|
|
Website Expenses |
|
|
0.069 |
|
|
|
WIP – Publishing Expenses |
|
|
0.484 |
|
|
|
World Book Fair 2018 Exp. |
|
|
0.017 |
|
|
|
TOTAL |
|
|
168.799 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST AND DEPRECIATION AND AMORTISATION |
|
|
52.700 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
30.957 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE DEPRECIATION AND AMORTISATION |
|
|
21.743 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
3.152 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
|
|
18.591 |
|
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
|
186.635 |
191.408 |
|
|
|
Other Income |
|
2.375 |
2.478 |
|
|
|
TOTAL |
|
189.010 |
193.886 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
104.183 |
105.392 |
|
|
|
Advertisement Expenses |
|
0.002 |
0.189 |
|
|
|
Book Periodicals Expenses |
|
0.000 |
0.007 |
|
|
|
Car Expenses |
|
0.296 |
0.270 |
|
|
|
Car Insurance |
|
0.065 |
0.053 |
|
|
|
Clearing and Forwarding Charges |
|
0.067 |
0.017 |
|
|
|
Commission/ Brokerage |
|
0.454 |
0.992 |
|
|
|
Computer Repairs and Maint. Expenses |
|
0.880 |
0.151 |
|
|
|
Consultancy and Professional Fees |
|
0.000 |
6.411 |
|
|
|
Conveyance |
|
0.138 |
0.147 |
|
|
|
Delivery and Transport Expenses |
|
4.418 |
3.637 |
|
|
|
Donations |
|
0.324 |
0.165 |
|
|
|
Electricity Expenses |
|
0.832 |
0.957 |
|
|
|
Exhibition and Stall Expenses |
|
0.001 |
0.127 |
|
|
|
Foreign Tour Expenses |
|
0.792 |
0.379 |
|
|
|
Foreign Exchange loss and Expenses |
|
0.000 |
1.298 |
|
|
|
Godown and Office Rent |
|
5.682 |
3.461 |
|
|
|
Insurance Charges |
|
0.477 |
0.496 |
|
|
|
Internet Expenses |
|
0.000 |
0.109 |
|
|
|
License Fees and Legal Expenses |
|
0.027 |
0.026 |
|
|
|
Loan Processing and Stamping Expenses |
|
0.019 |
3.386 |
|
|
|
Maintenance Charges |
|
0.383 |
0.376 |
|
|
|
Newspaper, Books and Periodicals |
|
0.006 |
0.005 |
|
|
|
Security Charges |
|
0.325 |
0.264 |
|
|
|
Office Cleaning Expenses |
|
0.314 |
0.254 |
|
|
|
Office Expenses |
|
0.127 |
0.189 |
|
|
|
Packing Materials |
|
0.242 |
0.439 |
|
|
|
Photocopies Expenses |
|
0.008 |
0.003 |
|
|
|
Staff Welfare |
|
0.255 |
0.408 |
|
|
|
Postage and Courier |
|
0.071 |
0.096 |
|
|
|
Printing and Stationery |
|
0.254 |
0.353 |
|
|
|
Repairs and Maintenance |
|
0.140 |
0.041 |
|
|
|
Bad-Debts w/off |
|
0.407 |
0.000 |
|
|
|
Retainership Fees |
|
0.180 |
0.180 |
|
|
|
Royalty |
|
0.161 |
0.089 |
|
|
|
Salary and Bonus |
|
10.978 |
11.897 |
|
|
|
Contribution to P.F. and Other Funds |
|
0.810 |
0.601 |
|
|
|
Professional Fees |
|
4.490 |
0.000 |
|
|
|
Sales Promotion |
|
1.327 |
1.236 |
|
|
|
Shrink Packing Charges |
|
0.176 |
0.190 |
|
|
|
Society Maintenance |
|
0.420 |
0.540 |
|
|
|
Sundry Expenses |
|
0.107 |
0.106 |
|
|
|
Subscription and Membership |
|
0.024 |
0.017 |
|
|
|
Taxes on property |
|
0.398 |
0.167 |
|
|
|
Telephone, Internet and Mobile Expenses |
|
0.390 |
0.295 |
|
|
|
Tea, Coffee Expenses |
|
0.416 |
0.470 |
|
|
|
Travelling Expenses |
|
1.578 |
1.323 |
|
|
|
Varai Charges |
|
0.244 |
0.244 |
|
|
|
WIP-Publishing [Expense] |
|
0.000 |
0.028 |
|
|
|
Interest to Partners |
|
9.953 |
10.419 |
|
|
|
Remuneration to Partners |
|
1.200 |
0.450 |
|
|
|
TOTAL |
|
154.041 |
158.350 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST AND DEPRECIATION AND AMORTISATION |
|
34.969 |
35.536 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
24.054 |
25.333 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE DEPRECIATION AND AMORTISATION |
|
10.915 |
10.203 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
6.963 |
6.079 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
|
3.952 |
4.124 |
|
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
196.28 |
NA |
NA |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
1.86 |
NA |
NA |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
307.33 |
NA |
NA |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.21 |
NA |
NA |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.58 |
0.39 |
0.41 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets) |
0.79 |
0.76 |
0.75 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.79 |
1.40 |
1.49 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.36 |
2.70 |
2.48 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.88 |
1.03 |
1.05 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.70 |
1.45 |
1.40 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
8.42 |
2.12 |
2.15 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.83 |
1.10 |
1.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
18.04 |
4.55 |
4.97 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.62 |
1.15 |
1.19 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.57 |
1.15 |
1.19 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.21 |
0.24 |
0.25 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
3.40 |
1.40 |
1.49 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.62 |
1.15 |
1.19 |
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
|
Particulars |
31.03.2016 |
31.03.2017 |
31.03.2018
[Provisional] |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Capital Account |
82.944 |
86.853 |
84.450 |
|
Profit and Loss Account |
0.000 |
0.000 |
18.591 |
|
Net worth |
82.944 |
86.853 |
103.041 |
|
|
|
|
|
|
Secured Loans |
44.135 |
37.890 |
139.058 |
|
Unsecured Loans |
79.157 |
83.666 |
147.912 |
|
Total
borrowings |
123.292 |
121.556 |
286.970 |
|
Debt/Equity
ratio |
1.486 |
1.400 |
2.785 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2016 |
31.03.2017 |
31.03.2018
[Provisional] |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
191.408 |
186.635 |
220.831 |
|
|
|
-2.494 |
18.322 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2016 |
31.03.2017 |
31.03.2018
[Provisional] |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
191.408 |
186.635 |
220.831 |
|
Profit |
4.124 |
3.952 |
18.591 |
|
|
2.15% |
2.12% |
8.42% |
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 |
No |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
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 |
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 |
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 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
|
Indian Rupees |
|
US Dollar |
1 |
INR 68.20 |
|
UK Pound |
1 |
INR 89.58 |
|
Euro |
1 |
INR 78.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP / RUB |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared by
: |
BVA |
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 |
YES |
|
--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.