|
|
|
MIRA INFORM REPORT
|
Report No. : |
516017 |
|
Report Date : |
26.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
G. T. FRUITECH PRIVATE LIMITED (w.e.f.
24.07.2009) |
|
|
|
|
Formerly Known
As : |
PIONEER WEBTECH PRIVATE LIMITED (w.e.f
09.01.2009) CARAMEL FOODS PRIVATE LIMITED |
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|
|
|
Registered
Office : |
B-201, Ground Floor, New Subzi Mandi, Delhi – 110033 |
|
Tel. No.: |
91-11-27677222 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2018 (Provisional) |
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|
|
|
Date of
Incorporation : |
29.11.2007 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74140DL2007PTC170895 |
|
|
|
|
Paid-up Capital
: |
INR 0.604 Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0509051677 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCC2846A |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
Subject is Carry business of import fruits. It Primary deals in the Imported Fruits (Registered Activity and also Confirmed by management) |
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|
|
No. of Employees
: |
51 (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 76000 |
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|
|
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company incorporated in the year 2007,
having satisfactory track records. For the financial year ended 2017, the company has witnesses a growth in
its revenue and has achieved profit margin at 0.21% (approx.). The company possesses an acceptable financial profile marked by sound net worth base along with satisfactory earning per share of the company i.e. (Earning per share of INR 58 against face value of INR 10). Further, as per available provisional financial of 2018, revenue of
the company has decreased, but it has reported a growth in its profit. However, the rating strength is partially offset by low profit margin
and excess of borrowings recorded by the company. Trade relations are reported as fair. Business is active. Payments
terms are seems to be slow but correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. |
NOTES : Any query related to this
report can be made on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (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 |
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 26.06.2018
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. Amit Gidwani |
|
Designation : |
Import Manager |
|
Contact No.: |
91-9873121111 |
|
Name : |
Mr. Bansal |
|
Designation : |
Senior Accountant |
|
Contact No.: |
91-8587849876 |
|
Date : |
21.06.2018 |
LOCATIONS
|
Registered Office : |
B-201, Ground Floor, New Subzi Mandi, Delhi – 110033, India |
|
Tel. No.: |
91-11-27677222 / 444 |
|
Mobile No.: |
91-8587849876 (Mr. Bansal) 91-9873121111 (Mr. Amit Gidwani) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Branch Office: |
204, Akshar Tower, Blue Chip Building, Turbhe Naka, Turbhe, Navi Mumbai -400706, Maharashtra, India |
|
Tel. No.: |
91-22-62217544 |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
B-153, New Fruit Market, Azadpur, Delhi-110033, India |
|
Tel. No.: |
91-11-27677333 / 444 / 222 |
|
Fax No.: |
91-11-27677222 |
DIRECTORS
As on 2018
|
Name : |
Mr. Hari Chand Gidwani |
|
Designation : |
Director |
|
Address : |
AK-96, Shalimar Bagh, Delhi – 110088, India |
|
Date of Birth/Age : |
09.06.1952 |
|
Qualification : |
B. Com |
|
Experience : |
45 Years |
|
Date of Appointment : |
29.11.2007 |
|
PAN No : |
ADMPG6287G |
|
DIN No. : |
01887944 |
|
|
|
|
Name : |
Mr. Dharam Das Gidwani |
|
Designation : |
Director |
|
Address : |
D-13/3, 3rd Floor, Model Town, Delhi – 110009, India |
|
Date of Birth/Age : |
20.04.1957 |
|
Qualification : |
B. Com |
|
Experience : |
40 Years |
|
Date of Appointment : |
29.11.2007 |
|
PAN No : |
AAEPD2587M |
|
DIN No. : |
01892895 |
KEY EXECUTIVES
|
Name : |
Mr. Amit Gidwani |
|
Designation : |
Import Manager |
|
|
|
|
Name : |
Mr. Bansal |
|
Designation : |
Senior Accountant |
|
|
|
|
Name : |
Anurag Gupta and Associates |
|
Designation : |
Company Secretary |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Hari Chand Gidwani |
5000 |
|
Dharam Das |
6900 |
|
Hari Chand Gidwani HUF |
4800 |
|
Dharam Das Gidwani HUF |
4400 |
|
Amit Gidwani |
10000 |
|
Sumit Gidwani |
10000 |
|
Prashant Gidwani |
8400 |
|
Dalip Kumar Dhingra (HUF) |
100 |
|
Parveen Kumar Dhingra (HUF) |
100 |
|
Himani Dhingra |
100 |
|
Kalpana Dhingra |
100 |
|
Amit Gidwani (HUF) |
3850 |
|
Sumit Gidwani (HUF) |
3850 |
|
Prashant Gidwani (HUF) |
2800 |
|
Total |
60400 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
99.34 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
0.66 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is Carry business of import fruits. It Primary deals in the Imported Fruits (Registered Activity and also Confirmed by management) |
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Products / Services
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Brand Names : |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit (30/60 Days) |
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Purchasing : |
Cash and Credit (30/60 Days) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
51 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Rajender Kumar Singal & Associates LLP Chartered Accountants |
|
Address : |
602 Nilgiri Appartment, 9 Barakhamba Road, Connaught Place, New Delhi-110001, India |
|
Tel. No.: |
91-11-23352689/ 23325360 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AAEFR7956C |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives
: |
GT Overseas |
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|
Enterprise over which
Key Managerial Persons or their relatives are able to exercise significant
influence:- |
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CAPITAL STRUCTURE
As on 31.03.2018
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : INR 0.604 Million
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
INR |
|
|
|
|
|
|
250000 |
Equity Shares |
INR 10/- each |
INR 2.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
INR |
|
|
|
|
|
|
60400 |
Equity Shares |
INR 10/- each |
INR 0.604
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2018 Provisional |
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.604 |
0.604 |
0.604 |
|
(b) Reserves & Surplus |
26.055 |
16.451 |
12.918 |
|
(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 |
26.659 |
17.055 |
13.522 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.523 |
0.868 |
0.912 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities |
1.523 |
0.868 |
0.912 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short
term borrowings |
176.018 |
249.647 |
167.868 |
|
(b) Trade
payables |
7.881 |
33.207 |
29.930 |
|
(c) Other
current liabilities |
0.299 |
1.462 |
1.716 |
|
(d) Short-term
provisions |
1.390 |
2.020 |
0.842 |
|
Total Current
Liabilities |
185.588 |
286.336 |
200.356 |
|
|
|
|
|
|
TOTAL |
213.770 |
304.259 |
214.790 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
3.501 |
4.507 |
4.972 |
|
(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 |
30.893 |
15.003 |
15.001 |
|
(c) Deferred tax assets (net) |
0.000 |
0.754 |
0.600 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.053 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
34.447 |
20.264 |
20.573 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
34.893 |
82.235 |
63.515 |
|
(c) Trade
receivables |
96.417 |
140.228 |
84.923 |
|
(d) Cash
and cash equivalents |
34.908 |
23.476 |
14.625 |
|
(e) Short-term
loans and advances |
9.708 |
38.055 |
31.154 |
|
(f) Other
current assets |
3.397 |
0.001 |
0.000 |
|
Total
Current Assets |
179.323 |
283.995 |
194.217 |
|
|
|
|
|
|
TOTAL |
213.770 |
304.259 |
214.790 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
1590.412 |
1714.343 |
1310.780 |
|
|
Other Income |
35.939 |
14.097 |
1.396 |
|
|
TOTAL
|
1626.351 |
1728.440 |
1312.176 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
1527.491 |
0.000 |
0.000 |
|
|
Purchases of Stock-in-Trade |
0.000 |
1662.692 |
1290.249 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.000 |
(18.720) |
(29.843) |
|
|
Employees benefits expense |
10.930 |
7.534 |
5.269 |
|
|
Other expenses |
52.315 |
53.653 |
29.141 |
|
|
Direct Expenses |
1.487 |
0.000 |
0.000 |
|
|
Selling Expenses |
0.597 |
0.000 |
0.000 |
|
|
Administrative Expenses |
5.885 |
0.000 |
0.000 |
|
|
TOTAL |
1598.705 |
1705.159 |
1294.816 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
27.646 |
23.281 |
17.360 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
16.083 |
15.246 |
10.934 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
11.563 |
8.035 |
6.426 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
1.959 |
2.410 |
1.636 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
9.604 |
5.625 |
4.790 |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
2.092 |
1.423 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
9.604 |
3.533 |
3.367 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
36.03 |
58.493 |
55.745 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
(53.526) |
(34.071) |
|
Net cash flows from (used in) operating activity |
NA |
(55.772) |
(35.523) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
22.13 |
29.86 |
23.65 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
16.50 |
12.23 |
15.43 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
1.88 |
7.29 |
8.47 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.79 |
0.28 |
0.27 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
7.90 |
5.17 |
3.49 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.88 |
0.94 |
0.94 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
6.66 |
14.69 |
12.48 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
6.96 |
16.79 |
14.82 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.13 |
0.26 |
0.37 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.72 |
1.53 |
1.59 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.60 |
0.21 |
0.26 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
4.49 |
1.16 |
1.57 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
36.03 |
20.72 |
24.90 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.97 |
0.99 |
0.97 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.78 |
0.70 |
0.65 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.12 |
0.06 |
0.06 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
293.94 |
414.76 |
279.44 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.97 |
0.99 |
0.97 |
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 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
0.604 |
0.604 |
0.604 |
|
Reserves & Surplus |
12.918 |
16.451 |
26.055 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
13.522 |
17.055 |
26.659 |
|
|
|
|
|
|
long-term borrowings |
0.912 |
0.868 |
1.523 |
|
Short term borrowings |
167.868 |
249.647 |
176.018 |
|
Total
borrowings |
168.780 |
250.515 |
177.541 |
|
Debt/Equity
ratio |
12.482 |
14.689 |
6.660 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
1310.780 |
1714.343 |
1590.412 |
|
|
|
30.788 |
(7.229) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
1310.780 |
1714.343 |
1590.412 |
|
Profit |
3.367 |
3.533 |
9.604 |
|
|
0.26% |
0.21% |
0.60% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of establishment |
Yes |
|
2] |
Constitution of the entity Incorporation
details |
Yes |
|
3] |
Locality of the entity |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Buyer visit details |
-- |
|
6] |
Contact numbers |
Yes |
|
7] |
Name of the person contacted |
Yes |
|
8] |
Designation of contact person |
Yes |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
No |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
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 |
No |
|
22] |
Conduct of the banking account |
-- |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
Yes |
|
26] |
Turnover of firm for last three years |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
Litigations that the firm/promoter
involved in |
-- |
|
32] |
Market information |
-- |
|
33] |
Payments terms |
Yes |
|
34] |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2018 (INR
in Million) |
31.03.2017 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Intercorporate borrowings |
|
12.500 |
|
Loans and advances from related parties |
|
79.098 |
|
Loans and advances from directors |
|
12.753 |
|
Other loans and advances |
|
18.700 |
|
Total |
91.735 |
123.051 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Amount |
Address |
|
1 |
G43425826 |
10331345 |
HDFC Bank Limited |
11/01/2012 |
30/03/2017 |
167500000.0 |
HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India |
|
2 |
G41120957 |
10331247 |
HDFC Bank Limited |
09/01/2012 |
30/03/2017 |
167500000.0 |
HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India |
FIXED ASSETS
- Buildings
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- CCTV Camera
- Air Conditioner
- Software
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 68.15 |
|
|
1 |
INR 90.27 |
|
Euro |
1 |
INR 79.35 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TRUP |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as 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.