|
|
|
MIRA INFORM REPORT
|
Report No. : |
515091 |
|
Report Date : |
26.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
JC VENTURES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
7th Floor, 714-716, Princess Business Sky Park, PU-3
Commercial, Scheme No. 54, AB Road, Indore-452010, Madhya Pradesh |
|
Tel. No.: |
91-731-2441000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2018 [Provisional] |
|
|
|
|
Date of
Incorporation : |
31.10.2017 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MP2017PTC044430 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 5.200 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.] |
AAECJ1085H |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
23AAECJ1085H1ZS |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject carry on business and Render Services related to Education,
Employment, Empowerment, Technical, Financial and Non-Financial Services. [As
per Memorandum of Association and also Confirmed by Management] |
|
|
|
|
No. of Employees
: |
450 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
NB |
|
Credit Rating |
Explanation |
Rating Comments |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
Status : |
New Business |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated on 31st October 2017 and has started
its business activity since December 2017. The company is engaged in providing services related to education,
employment empowerment, technical services, financial and non-financial
services. As per the provisional financial records of 2018, the company has
achieved a minimal revenue base and has incurred losses. The company has sufficient net worth base. The subject’s bank, HDFC Bank has provided positive feedback about the
subject. No payment terms are known. In the view of subject’s infancy, dealings are recommended to be on
secured terms, and a close monitoring of subject’s business development is
advisable. Note: Site visit was conducted at the address which you have provided and
our executive has successfully traced the subject on the given address. At the premises our executive met Mr. Shekar Verma (Business Head) has
confirmed the subject’s existence and has provided all the information. During the visit our executive inquired with the neighbour company
Jade Blue who claimed that the subject exist on the given address. As per our executive’s observation, it is 7 storey building and
subject is situated on the 7th floor of the building. Location was
easy to find. Locality appears to be commercial. Area seems to be upmarket.
Area of premises is 12000 sq. ft. and approximately 25 employees were sighted
in the office. Name board of the subject 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
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 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. Shekhar Verma |
|
Designation : |
Business Head |
|
Contact No.: |
91-9685095744 |
|
Date : |
25.06.2018 |
LOCATIONS
|
Registered Office : |
7th Floor, 714-716, Princess Business Sky Park, PU-3
Commercial, Scheme No. 54, AB Road, Indore-452010, Madhya Pradesh,
India |
|
Tel. No.: |
91-731-2441000 |
|
Mobile No.: |
91-9685095744 [Mr. Shekhar Verma] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
12000 Sq. Ft. |
|
Location : |
Rented |
|
Locality : |
Commercial [As per site visit] |
DIRECTORS
AS ON: 31.03.2018
|
Name : |
Mr. Jeetendra Choudhary |
|||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||||||||||||||||
|
Address : |
House No 418, Sun City, Near Bombay Hospital, Mahalaxmi Nagar,
Indore-452010, Madhya Pradesh, India |
|||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.05.1977 |
|||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Management Graduate |
|||||||||||||||||||||||||||||||||||||||||
|
Experience : |
20 Years |
|||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
19.05.2018 |
|||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ADZPC5738K |
|||||||||||||||||||||||||||||||||||||||||
|
Aadhar Card No : |
5843 5790 2211 |
|||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02029085 |
|||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Navin Choudhary |
|||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||
|
Address : |
House No 418, Sun City, Near Bombay Hospital, Mahalaxmi
Nagar, Indore-452010, Madhya Pradesh, India |
|||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
16.10.1996 |
|||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Management Graduate |
|||||||||||||||||||||||||||||||||||||||||
|
Experience : |
2 Years |
|||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
31.10.2017 |
|||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
BCVPC2560B |
|||||||||||||||||||||||||||||||||||||||||
|
Aadhar Card No : |
9783 9638 9493 |
|||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
07966113 |
|||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Shekhar Verma |
|
Designation : |
Business Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 2018
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Jeetendra Choudhary |
480000 |
92.31 |
|
Navin Choudhary |
40000 |
7.69 |
|
|
|
|
|
Total |
520000 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject carry on business and Render Services related to Education,
Employment, Empowerment, Technical, Financial and Non-Financial Services. [As
per Memorandum of Association and also Confirmed by Management] |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Not Available |
|
Countries : |
Not Available |
|
|
|
|
Imports : |
|
|
Products : |
Not Available |
|
Countries : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
Cheque and Others [Bank Transfer] |
|
|
|
|
Purchasing : |
Cheque and Others [Bank Transfer] |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
End Users
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
450 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
--- |
|
|
|
|
Auditors : |
Not Divulged |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON: 31.03.2018
[PROVISIONAL]
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
520000 |
Equity Shares |
INR 10/- each |
INR 5.200 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2018 [Provisional] |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Capital Account |
|
|
5.200 |
|
|
2] Reserves & Surplus |
|
|
0.000 |
|
|
3] Profit and Loss Accounts |
|
|
(0.449) |
|
|
NETWORTH |
|
|
4.751 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
10.500 |
|
|
TOTAL BORROWING |
|
|
10.500 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
15.251 |
|
|
|
|
|
|
|
|
APPLICATION OF
FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
10.127 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
1.688 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000
|
|
|
Sundry Debtors |
|
|
0.000
|
|
|
Cash & Bank Balances |
|
|
0.812
|
|
|
Other Current Assets |
|
|
2.600
|
|
|
Loans & Advances |
|
|
8.273
|
|
Total
Current Assets |
|
|
11.685
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.204
|
|
|
Other Current Liabilities |
|
|
10.500
|
|
|
Provisions |
|
|
0.252
|
|
Total
Current Liabilities |
|
|
10.956
|
|
|
Net Current Assets |
|
|
0.729
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
2.707 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
15.251 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2018 [Provisional] |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
|
|
0.000 |
|
|
|
Other Income |
|
|
0.009 |
|
|
|
TOTAL |
|
|
0.009 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Legal and professional
fees |
|
|
0.002 |
|
|
|
Salary expenses |
|
|
0.422 |
|
|
|
Telephone expenses |
|
|
0.015 |
|
|
|
Travelling Expenses |
|
|
0.012 |
|
|
|
Professional tax (Employer) |
|
|
0.003 |
|
|
|
TOTAL |
|
|
0.454 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, DEPRECIATION AND AMORTISATION |
|
|
(0.445) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
0.004 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE DEPRECIATION AND AMORTISATION |
|
|
(0.449) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
|
NET LOSS |
|
|
(0.449) |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
|
|
31.03.2018 [Provisional] |
|
Current Maturities of Long term debt |
|
|
NA |
|
|
|
|
|
|
Cash generated from operations |
|
|
NA |
|
|
|
|
|
|
Net Cash flow from (used in) Operations |
|
|
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
|
31.03.2018 [Provisional] |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
|
|
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
|
|
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
|
|
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
|
|
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
|
|
(0.04) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2018 [Provisional] |
||
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
|
|
0.82 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
|
|
2.21 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
|
|
4.52 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
|
|
2.13 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
|
|
(111.25) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2018 [Provisional] |
||
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
|
|
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
|
|
(1.71) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
|
|
(9.45) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2018 [Provisional] |
||
|
Current Ratio (Current
Assets / Current Liabilities) |
|
|
0.54 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
|
|
0.54 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
|
|
0.18 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
|
|
2.02 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
|
|
0.54 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
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 |
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 |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
Yes |
|
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 one year |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last one year |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
------------------------------------------------------------------------------------------------------------------------------
OBSERVATION POINTS
|
Name of Company : |
JC VENTURES PRIVATE LIMITED |
|
|
|
|
Address : |
7th Floor, 714-716, Princess Business Sky Park, PU-3
Commercial, Scheme No. 54, AB Road, Indore-452010, Madhya Pradesh,
India |
|
Contact No.: |
91-9685095744 |
|
|
|
|
Person to whom we met: |
Mr. Shekar Verma (Business Head) |
|
|
|
|
Name Board : |
Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark (If Any): |
Jade Blue |
|
|
|
|
Total Floors of the Building : |
7 Storey Building |
|
|
|
|
Subject situated on: |
7th Floor |
|
|
|
|
Locality: |
Commercial |
|
|
|
|
Area of Premises : |
12000 Sq. Ft. |
|
|
|
|
Area : |
Upmarket |
|
|
|
|
No. of employees seen at premises: |
25 [Approximately] |
|
|
|
|
Visibility of
Items: |
·
Telephone ·
Fax Machine ·
Computers ·
Air Conditioner ·
Office Equipment ·
Xerox Machine |
|
|
|
|
Furniture Items
Sighted |
Yes |
|
|
|
|
Neighbours Interview : |
During the visit our executive inquired with the neighbour company
Jade Blue who claimed that the subject exist on the given address. |
|
|
|
|
Proof of visit: |
Photos |
------------------------------------------------------------------------------------------------------------------------------
UNSECURED LOANS
|
PARTICULARS |
|
31.03.2018 [Provisional]
(INR
In Million) |
|
From Loans |
|
10.500 |
|
|
|
|
|
Total |
|
10.500 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED
PROFITABILITY STATEMENT
[INR IN MILLION]
|
Particulars |
|
2018-2019 |
2019-2020 |
2020-2021 |
|
Income |
|
|
|
|
|
Revenue from services |
|
86.400 |
95.040 |
104.544 |
|
|
|
|
|
|
|
Total |
|
86.400 |
95.040 |
104.544 |
|
|
|
|
|
|
|
Expenses |
|
|
|
|
|
GST |
18.0% |
15.552 |
17.107 |
18.818 |
|
|
|
|
|
|
|
Salary and wages |
45.0% |
38.880 |
42.768 |
47.045 |
|
|
|
|
|
|
|
Administration expenses |
22.0% |
19.008 |
19.958 |
20.956 |
|
|
|
|
|
|
|
Interest on working limit |
0.5% |
0.408 |
0.408 |
0.408 |
|
|
|
|
|
|
|
Interest on TL |
1.7% |
1.506 |
1.174 |
0.843 |
|
|
|
|
|
|
|
Preoperative w/off 1/5 |
-- |
1.074 |
1.074 |
1.074 |
|
|
|
|
|
|
|
Total |
0.87% |
76.428 |
82.490 |
89.144 |
|
|
|
|
|
|
|
Profit Before Depreciation And Tax |
|
9.972 |
12.550 |
15.400 |
|
|
|
|
|
|
|
Less: Depreciation |
|
2.003 |
1.743 |
1.532 |
|
|
|
|
|
|
|
Profit Before Tax |
|
7.969 |
10.807 |
13.868 |
|
|
|
|
|
|
|
Income tax |
|
2.391 |
3.242 |
4.160 |
|
|
|
|
|
|
|
Profit After Tax |
|
5.578 |
7.565 |
9.707 |
|
|
|
|
|
|
|
Profit % to revenue |
|
6.46% |
7.96% |
9.29% |
|
|
|
|
|
|
|
Add: Last year’s balance |
|
0.00 |
5.578 |
13.144 |
|
|
|
|
|
|
|
Profit transfer
to balance sheet |
|
5.578 |
13.144 |
22.851 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR.
JEETENDRA CHOUDHARY
(INR IN MILLION)
|
PARTICULARS |
28.02.2018 |
|
ASSETS |
|
|
FIXED ASSETS |
|
|
Immovable assets |
50.656 |
|
|
|
|
Movable assets |
3.516 |
|
|
|
|
INVESTMENT AND
CURRENT ASSETS |
|
|
Investments |
40.593 |
|
|
|
|
Debtors |
1.911 |
|
|
|
|
Deposits FDR and interest |
0.188 |
|
|
|
|
Loan and advance |
3.442 |
|
|
|
|
Cash and bank |
0.801 |
|
|
|
|
Cash in hand |
0.298 |
|
|
------------- |
|
Total |
101.405 |
|
|
|
|
LESS: LOANS AND
LIABILITIES |
|
|
Secured loan |
13.100 |
|
|
|
|
Unsecured loan |
8.053 |
|
|
|
|
CURRENT
LIABILITIES |
|
|
Sundry creditors |
0.131 |
|
|
------------- |
|
Total |
21.284 |
|
|
------------- |
|
NET WORTH |
80.121 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR.
NAVIN CHOUDHARY
(INR IN MILLION)
|
PARTICULARS |
28.02.2018 |
|
INVESTMENT AND
CURRENT ASSETS |
|
|
Investments |
2.531 |
|
|
|
|
Deposits FDR and interest |
1.326 |
|
|
|
|
Loan and advance |
0.375 |
|
|
|
|
Cash and bank |
0.492 |
|
|
|
|
Cash in hand |
0.080 |
|
|
------------- |
|
Total |
4.804 |
|
|
|
|
LESS: LOANS AND
LIABILITIES |
|
|
CURRENT
LIABILITIES |
|
|
Unsecured loan |
0.650 |
|
|
------------- |
|
Total |
0.650 |
|
|
------------- |
|
NET WORTH |
4.154 |
------------------------------------------------------------------------------------------------------------------------------
COMPANY PROFILE
INTRODUCTION
The company (CIN U74999MP2017PTC044430) company incorporated on 31.010.2017 under companies Act 2013 (18 of 2013), having its office at 714, 715 and 716, 7th Floor, in the building known as Princess Business Sky Park, Indore Madhya Pradesh, 452010, India.
OBJECTIVES
To set up and carry on the business and render services related to education, employment, empowerment, technical, financials and non-financial services.
MISSION
Their mission is to provide superior financial and non-financial services to Banking, Non banking financial institutions, ideas, entrepreneurs, and connect them to investors, connect employer to employee and voice versa to help them create self-reliance by building trust and strong relationships with their clients.
VISION
Their vision is to reach and touch people’s lives in every corner of the country and aspire to become the first choice for financial and non-financials solutions amongst all individuals, professionals, micro and mid-level businesses.
VALUES
They have uncompromised dedication and understanding to meet their clients’ financial and non-financial needs. They embrace change and believe in continuous improvement to provide quality services. They anticipate establishing long lasting relationships and strong trust with their clients and value integrity as an organization and as individuals. They believe that qualified, loyal, committed professionals are their most valuable assets.
THE TEAM AND SETUP OF
COMPANY:
The organization has a well-defined structure as Board of directors, Chief Operating Officer, Head Human resource, Head Finance, Head Technology, Head operation and field staff down the line.
ORGANOGRAM
The company is comprised of highly motivated and enthusiastic people working for the mission of bridging digital gap, social and otherwise with self-motivation, go-getter, emotionality bonded, professionally trained people lead by entrepreneurial leadership.
A group of hard-core result oriented, young dynamic techno-commercial go-getters with strong commitment and dedication, with expert skills in their area.
The project team for onsite projects has all the skills on the front of Technology, HR, Management (Change and Operations) PR to deliver best in time.
The organization has a well-defined structure as Domain in charges/ Heads, Zonal Managers, District Managers, with a strong MIS, Co-ordination and Accounts Team.
------------------------------------------------------------------------------------------------------------------------------
INDEX OF CHARGES: No
Charges Exists for Company
------------------------------------------------------------------------------------------------------------------------------
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
|
INR |
|
US Dollar |
1 |
INR 68.15 |
|
UK Pound |
1 |
INR 90.27 |
|
Euro |
1 |
INR 79.35 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
IND |
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low risk
of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably on
secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the business
is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.