|
|
|
MIRA INFORM REPORT
|
Report No. : |
517118 |
|
Report Date : |
28.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
CHANDRA ELECTRICAL INDUSTRIES [PROPRIETOR S. FOAM INDIA PRIVATE
LIMITED] |
|
|
|
|
Registered
Office : |
7/18, Kirti Nagar Industrial Area, New Delhi - 110015 |
|
Tel. No.: |
91-11-45131701/ 45649388 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 [S. FOAM INDIA PRIVATE LIMITED] |
|
|
|
|
Year of
Establishment: |
1979 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 0.954 Million [S. FOAM INDIA PRIVATE LIMITED] |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0599004819 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS2211A |
|
|
|
|
GSTN : [Goods & Service Tax Registration
No.] |
09AAACS2211A1Z5 |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
·
Manufacturer of Copper Winding Wires. [Confirmed
by Management] ·
Manufacturer of Wires. [Registered Activity] |
|
|
|
|
No. of Employees
: |
55 (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 |
|
|
|
|
Comments : |
S. Foam India Private Limited is a proprietor of Chandra Electrical Industries.
The company was incorporated in the year 1979. It is a Manufacturer of Copper Winding Wires. As per the financial records of 2017, the company has achieved 16.37%
growth in its revenue as compared to the previous year revenue along with
average profit margin of 2.91%. The satisfactory financial profile of the company is marked by
sufficient networth base along with negligible debt level. The company has favourable Earning Per Share [EPS] of INR 1619 against
a face value [FV] of INR 100. The rating takes into consideration the subject’s long established
track record of the business operations along with extensive experience of
its promoters. However, these rating strength are partially offset by unfavourable
gap between trade payables and trade receivables. 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. |
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 28.06.2018
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. Anuj Jain |
|
Designation : |
Director |
|
Contact No.: |
91-9810068644 |
|
Date : |
27.06.2018 |
LOCATIONS
|
Registered Office : |
7/18, Kirti Nagar Industrial Area, New Delhi – 110015, India |
|
Tel. No.: |
91-11-45131701/ 45649388 |
|
Mobile No.: |
91-9810068644 (Mr. Anuj Jain) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Factory : |
D-31, Site C, UPSIDC Industrial Area, Surajpur, Greater Noida – 201306, Uttar Pradesh, India |
SOLE PROPRIETOR
|
Name : |
S FOAM INDIA PRIVATE LIMITED |
|
Address : |
7/18, Kirti Nagar Industrial Area, New Delhi – 110015, India |
|
Date of Incorporation : |
27.11.1979 |
|
CIN No.: |
U74899DL1979PTC010017 |
|
GSTN : |
09AAACS2211A1Z5 |
|
E-Mail : |
|
|
Directors : |
1. Mrs. Kusum Jain 2. Mr. Anuj Jain 3. Mr. Aditya Jain 4. Mrs. Sandhya Jain |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
[S. FOAM INDIA PRIVATE LIMITED]
AS ON 31.03.2017
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
·
Manufacturer of Copper Winding Wires. [Confirmed
by Management] ·
Manufacturer of Wires. [Registered Activity] |
||||
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|
||||
|
Products/ Services : |
|
||||
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|
|
||||
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Brand Names : |
Not Available |
||||
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|
||||
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Agencies Held : |
Not Available |
||||
|
|
|
||||
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Exports : |
Not Available |
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Raw Material |
||||
|
Countries : |
Taiwan |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Advance Payment, L/C, Cheque, Credit [30 and 60 Days] and Others
(RTGS) |
||||
|
|
|
||||
|
Purchasing : |
Advance Payment, L/C, Cheque, Credit [30 and 60 Days] and Others
(RTGS) |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Retailers and Manufacturer
|
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No. of Employees : |
55 (Approximately) |
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Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
[S.
FOAM INDIA PRIVATE LIMITED]
|
|
|
|
|
Auditors : [S. FOAM INDIA PRIVATE LIMITED] |
|
|
Name : |
Mehera Goel and Company Chartered Accountants |
|
Address : |
505 and 512 Chiranjiv Tower, Nehru Place, New Delhi – 110019, India |
|
PAN No.: |
AABFM1488M |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises over which Key Management Personnel (KMP) or relative having
significant influence : [S. FOAM INDIA PRIVATE LIMITED] |
· Northern Electricals · Kusum Enterprises Private Limited |
CAPITAL STRUCTURE
[S. FOAM INDIA PRIVATE LIMITED]
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
INR 100/- each |
INR 1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9540 |
Equity Shares |
INR 100/- each |
INR 0.954
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
[S. FOAM INDIA PRIVATE LIMITED]
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.954 |
0.954 |
0.954 |
|
(b) Reserves & Surplus |
63.005 |
47.558 |
35.172 |
|
(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 (1) + (2) |
63.959 |
48.512 |
36.126 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
95.281 |
76.625 |
68.800 |
|
(b) Deferred tax liabilities (Net) |
1.771 |
2.347 |
1.069 |
|
(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 (3) |
97.052 |
78.972 |
69.869 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
21.804 |
48.864 |
51.616 |
|
(b)
Trade payables |
28.572 |
10.816 |
12.828 |
|
(c)
Other current liabilities |
25.689 |
12.338 |
6.490 |
|
(d)
Short-term provisions |
3.008 |
3.940 |
1.879 |
|
Total
Current Liabilities (4) |
79.073 |
75.958 |
72.813 |
|
|
|
|
|
|
TOTAL |
240.084 |
203.442 |
178.808 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
32.525 |
33.076 |
21.392 |
|
(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 |
0.016 |
0.016 |
0.016 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
0.446 |
0.404 |
3.460 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
32.987 |
33.496 |
24.868 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
31.778 |
20.854 |
20.573 |
|
(c)
Trade receivables |
168.917 |
142.530 |
126.327 |
|
(d)
Cash and cash equivalents |
1.335 |
0.388 |
1.773 |
|
(e)
Short-term loans and advances |
5.067 |
6.174 |
5.267 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
207.097 |
169.946 |
153.940 |
|
|
|
|
|
|
TOTAL |
240.084 |
203.442 |
178.808 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
531.380 |
456.624 |
388.552 |
|
|
|
Other Income |
0.028 |
0.269 |
0.101 |
|
|
|
TOTAL |
531.408 |
456.893 |
388.653 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
450.670 |
371.986 |
324.451 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(5.889) |
1.978 |
(1.483) |
|
|
|
Employees benefits expense |
16.407 |
13.989 |
11.738 |
|
|
|
Other expenses |
28.983 |
32.212 |
30.736 |
|
|
|
TOTAL |
490.171 |
420.165 |
365.442 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
41.237 |
36.728 |
23.211 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
12.955 |
12.980 |
10.292 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
28.282 |
23.748 |
12.919 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.384 |
4.422 |
4.023 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
22.898 |
19.326 |
8.896 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
7.451 |
6.939 |
2.827 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
15.447 |
12.387 |
6.069 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
13.240 |
14.873 |
17.087 |
|
|
|
Machinery |
0.000 |
12.013 |
7.609 |
|
|
TOTAL IMPORTS |
13.240 |
26.886 |
24.696 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
1619 |
1298 |
636 |
|
|
PARTICULARS |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
550.000 |
|
|
|
|
[Due to Business
Growth] |
The above information has been parted by Mr. Anuj Jain (Director)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term Borrowings |
5.388 |
1.644 |
0.000 |
|
|
|
|
|
|
Cash generated from operations |
32.791 |
25.860 |
(8.981) |
|
|
|
|
|
|
Net Cash from Operating Activities
|
27.191 |
22.486 |
(11.230) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
116.03 |
113.93 |
118.67 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.15 |
3.20 |
3.08 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
23.14 |
10.61 |
14.43 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.30 |
1.76 |
1.13 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.27 |
1.11 |
1.09 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets) |
0.75 |
0.76 |
0.79 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.91 |
2.62 |
3.33 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.24 |
1.57 |
2.02 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.51 |
0.68 |
0.59 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.18 |
2.83 |
2.26 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
2.91 |
2.71 |
1.56 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
6.43 |
6.09 |
3.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
24.15 |
25.53 |
16.80 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.62 |
2.24 |
2.11 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
2.22 |
1.96 |
1.83 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.27 |
0.24 |
0.20 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
128.38 |
133.26 |
126.22 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.62 |
2.24 |
2.11 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
[S. FOAM INDIA PRIVATE LIMITED]
DEBT EQUITY RATIO
|
Particulars |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
0.954 |
0.954 |
0.954 |
|
Reserves & Surplus |
35.172 |
47.558 |
63.005 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
36.126 |
48.512 |
63.959 |
|
|
|
|
|
|
Long-term borrowings |
68.800 |
76.625 |
95.281 |
|
Short term borrowings |
51.616 |
48.864 |
21.804 |
|
Current Maturities of Long
term debt |
0.000 |
1.644 |
5.388 |
|
Total
borrowings |
120.416 |
127.133 |
122.473 |
|
Debt/Equity
ratio |
3.333 |
2.621 |
1.915 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
388.552 |
456.624 |
531.380 |
|
|
|
17.519 |
16.371 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
388.552 |
456.624 |
531.380 |
|
Profit |
6.069 |
12.387 |
15.447 |
|
|
1.56% |
2.71% |
2.91% |
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 |
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) |
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 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 |
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 |
[S. FOAM INDIA PRIVATE LIMITED]
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G84974211 |
100119129 |
HDFC BANK LIMITED |
01/06/2017 |
21/02/2018 |
- |
47500000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
2 |
C35489616 |
10035811 |
HDFC BANK LIMITED |
20/12/2006 |
19/11/2014 |
- |
55000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
3 |
C35490374 |
10052322 |
HDFC BANK LIMITED |
21/11/2006 |
19/11/2014 |
- |
55000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
From Bank |
3.822 |
0.000 |
|
From NBFC |
8.723 |
0.000 |
|
From Directors |
12.000 |
12.000 |
|
From Relatives of Directors |
4.000 |
4.000 |
|
From Shareholders |
39.225 |
52.900 |
|
From Others |
32.900 |
0.000 |
|
Less: Current Maturity |
5.389 |
1.644 |
|
SHORT TERM BORROWINGS |
|
|
|
From Directors |
13.664 |
11.004 |
|
From Relatives of Directors |
8.140 |
2.145 |
|
|
|
|
|
Total |
117.085 |
80.405 |
OPERATIONS:
The Company has earned Profit during the
financial year from its operational activities of INR 22.898 Million [PBT]
during the period of business operation. It is remarkable achievement by making
business of INR 531.380 Million and they proud on their team and the company
has achieved more than expected target. Business made in the last year and the
company has expected to achieve INR 600.000 Million business for the next year
of operation and believe to provide best services to the business associates, best
employment within corporate culture.
PROSPECTS:
Their team in efforts of quality services and
deliverable thereon, be believe to the best in forthcoming period in providing
services.
FIXED ASSETS:
· Land
· Building
· Flat
· Plant and Equipment
· Office Equipment
· Air Conditioner
· Computers
· Furniture and Fixture
· Water Cooler
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 68.52 |
|
UK Pound |
1 |
INR 90.60 |
|
Euro |
1 |
INR 79.87 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHAL |
|
|
|
|
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 |
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.