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|
MIRA INFORM REPORT
|
Report No. : |
516879 |
|
Report Date : |
28.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
GUJARAT LIQUI PHARMACAPS PRIVATE LIMITED |
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|
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|
Registered
Office : |
Plot No. 662-666, GIDC, Industrial Estate, Waghodia, Vadodara –
391760, Gujarat |
|
Tel. No.: |
91-2668-263315 / 263156 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
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|
Date of
Incorporation : |
30.10.1995 |
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|
|
|
CIN No.: [Company Identification
No.] |
U24231GJ1995PTC027963 |
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|
|
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Capital
Investment / Paid-up Capital : |
INR 56.250 Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0300072848 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG7270K |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
24AAACG7270K1ZJ |
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|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer,
importer and exporter of soft gelatin capsules. [Registered activity and also confirmed by
management] |
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|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 1995 and it is a manufacturer, importer and exporter of soft gelatin capsules. As per financials of March 2017, the company has registered sharp decline in its revenue and has reported losses. Rating takes into consideration the company’s moderate financial risk profile marked by below average liquidity position along with susceptibility of operating margins to variable input costs and foreign exchange rates. However, rating weakness is partially offset by experienced and well-qualified promoters with long industrial track record, certified operations having accreditation from the government as ‘Star export house’ and established international network. Payments seems to be slow but correct. In view of aforesaid, the company can be considered for
business dealings with some caution. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (31.12.2017) |
Current Rating (01.04.2018) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Rating= B |
|
Rating Explanation |
Risk prone credit quality and carries very
high credit risk. |
|
Date |
03.04.2018 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Rating= A4 |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
03.04.2018 |
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 (GENERAL DETAILS)
|
Name : |
Mr. Alpesh Patel |
|
Designation : |
Accounts Executive |
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|
|
|
Name : |
Ms. Grishma Shewale |
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Designation : |
Company Secretary |
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Contact No.: |
91-2668-263156 |
|
Date : |
27.06.2018 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No. 662-666, GIDC, Industrial Estate, Waghodia, Vadodara –
391760, Gujarat, India |
|
Tel. No.: |
91-2668-263315 / 263156 |
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Fax No.: |
91-2668-263657 |
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E-Mail : |
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Website : |
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Administrative Office : |
S-2/119, First Floor, Vedant premises Co-operative Housing Society
Limited, Village: panch Pakhadi, Vedant Complex, Vartak Nagar, Thane (West),
Thane – 400606, Maharashtra, India |
|
Tel. No.: |
91-22-25656364 |
|
E-Mail : |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Swarupkumar Shantiranjan Chattopadhyay |
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|
Designation : |
Managing Director |
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Address : |
71, Shami Flat No. 603/604, Vasant Vihar, Thane
– 400601, Maharashtra, India |
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Date of Birth/Age : |
09.02.1955 |
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Date of Appointment : |
30.10.1995 |
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DIN No.: |
00169566 |
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PAN No.: |
AAAPC1866A |
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Other Directorship:
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Name : |
Mrs. Rajal Swarupkumar Chattopadhyay |
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Designation : |
Director |
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Address : |
A- 903/904, Sky Marc, Opposite Narayan
Greens, At Vemali Sama Savli Road, Channi Road, Padra, Vadodara – 390024, Gujarat, India |
||||||||||||||||
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Date of Birth/Age : |
15.09.1959 |
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Date of Appointment : |
02.06.2018 |
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DIN No.: |
02724859 |
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PAN No.: |
AATPC9699L |
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Name : |
Mr. Rabindranath Baidyanath Nandi |
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Designation : |
Additional Director |
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Address : |
Flat No. 304, C Wing, Gayatri Satsang Thakur
Village, Behind Vishnu Shivam Mall, Kandivali, Mumbai – 400101, Maharashtra,
India |
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Date of Appointment : |
28.04.2018 |
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DIN No.: |
08121849 |
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KEY EXECUTIVES
|
Name : |
Ms. Grishma A Shewale |
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Designation : |
Company Secretary |
|
Address : |
9, Ashirwad Society, Near Vohra Colony,
Ajwa Road, Vadodara – 390019, Gujarat, India |
|
Date of Appointment : |
03.01.2017 |
|
PAN No.: |
DYQPS4880B |
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|
|
|
Name : |
Mr. Alpesh Patel |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
S K Chattopadhyay |
3648272 |
|
Bhiku Bhai Desai |
10 |
|
Rajal chattopadhyay |
510281 |
|
S. Roy Choudhry |
180000 |
|
Kamal Sharma |
244000 |
|
Kamal Sharma HUF |
179500 |
|
Seema Sharma |
190000 |
|
K. Kasturi |
20000 |
|
Radheysam F. Sharma |
23000 |
|
Radheysam F. Sharma HUF |
40000 |
|
Usha Desai |
14062 |
|
R. S. Sharma |
19000 |
|
D.P. Sharma |
5000 |
|
Omprakash Sharma |
13000 |
|
Vijaykumar Sharma |
11500 |
|
Rajivkumar Sharma |
10000 |
|
Narayan Medekar |
12000 |
|
Ramakant P Sheth |
20000 |
|
Prabhakar A Jadav |
12500 |
|
M. R. Vinodanan |
28500 |
|
s K Chattopadhyay HUF |
444375 |
|
|
|
|
Total |
5625000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 16.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
64.86 |
|
Public/Other than promoters
[Individual/Hindu Undivided Family (Indian)] |
35.14 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer,
importer and exporter of soft gelatin capsules. [Registered activity and also confirmed by
management] |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
·
Finished Goods |
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Countries : |
·
South Africa ·
Kenya |
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Imports : |
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Products : |
·
Raw Material |
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Countries : |
·
France |
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Terms : |
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Selling : |
L/C, Cheque and Others (NEFT / RTGS) |
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Purchasing : |
L/C, Cheque and Others (NEFT / RTGS) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers
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No. of Employees : |
50 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
VCA and Associates Chartered Accountants |
|
Address : |
402, Capri House, Behind Express Hotel, Alkapuri, Vadodara – Gujarat, India |
|
PAN No.: |
AAGPT2496K |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiaries : |
·
GLPL Ghana Limited, Nigeria |
CAPITAL STRUCTURE
AS ON 16.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
INR 10/- each |
INR 70.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5625000 |
Equity Shares |
INR 10/- each |
INR 56.250 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
56.250 |
45.000 |
45.000 |
|
(b) Reserves & Surplus |
101.355 |
115.747 |
107.676 |
|
(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) |
157.605 |
160.747 |
152.676 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
11.761 |
13.500 |
11.970 |
|
(b) Deferred tax liabilities (Net) |
6.278 |
5.585 |
5.018 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
1.127 |
1.002 |
1.453 |
|
Total Non-current
Liabilities (3) |
19.166 |
20.087 |
18.441 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
54.241 |
47.665 |
19.066 |
|
(b) Trade
payables |
105.219 |
114.421 |
109.937 |
|
(c) Other
current liabilities |
20.747 |
40.285 |
43.490 |
|
(d) Short-term
provisions |
8.712 |
8.663 |
37.278 |
|
Total Current
Liabilities (4) |
188.919 |
211.034 |
209.771 |
|
|
|
|
|
|
TOTAL |
365.690 |
391.868 |
380.888 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
139.976 |
146.038 |
141.577 |
|
(ii)
Intangible Assets |
0.656 |
0.597 |
0.233 |
|
(iii)
Capital work-in-progress |
24.093 |
16.969 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
3.046 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
3.266 |
3.666 |
3.289 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
171.037 |
167.270 |
145.099 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
57.288 |
47.978 |
53.091 |
|
(c) Trade
receivables |
80.430 |
113.604 |
82.971 |
|
(d) Cash
and cash equivalents |
3.622 |
2.689 |
6.463 |
|
(e) Short-term
loans and advances |
53.313 |
60.327 |
93.264 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
194.653 |
224.598 |
235.789 |
|
|
|
|
|
|
TOTAL |
365.690 |
391.868 |
380.888 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
225.381 |
406.380 |
488.036 |
|
|
|
Other Income |
1.529 |
2.448 |
7.993 |
|
|
|
TOTAL |
226.910 |
408.828 |
496.029 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
99.460 |
198.971 |
246.494 |
|
|
|
Purchase of Stock-in-trade |
0.201 |
2.004 |
2.627 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(10.871) |
(2.453) |
5.372 |
|
|
|
Employee Benefits Expenses |
61.672 |
71.348 |
70.108 |
|
|
|
Other expenses |
73.423 |
106.961 |
130.059 |
|
|
|
Prior period items |
0.668 |
0.170 |
0.464 |
|
|
|
TOTAL |
224.553 |
377.001 |
455.124 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
2.357 |
31.827 |
40.905 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
6.682 |
7.899 |
13.154 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
(4.325) |
23.928 |
27.751 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
9.635 |
8.773 |
13.721 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
(13.960) |
15.155 |
14.030 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.525 |
2.867 |
(1.165) |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
(14.485) |
12.288 |
15.195 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (INR) |
|
|
|
|
|
|
-
Basic |
2.58 |
2.89 |
3.55 |
|
|
|
-
Diluted |
2.71 |
2.86 |
3.40 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
6.492 |
14.596 |
26.004 |
|
Net cash flows from (used in) operations |
5.174 |
9.174 |
60.245 |
|
Net cash flows from (used in) operating activities |
4.991 |
3.255 |
57.539 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
130.25 |
102.04 |
62.05 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.80 |
3.58 |
5.88 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
385.36 |
207.81 |
161.07 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.04 |
0.66 |
0.77 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.01 |
0.19 |
0.29 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.57 |
0.61 |
0.65 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.46 |
0.47 |
0.37 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.20 |
1.31 |
1.37 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.05 |
1.02 |
0.93 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.35 |
4.03 |
3.11 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
(6.43) |
3.02 |
3.11 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(3.96) |
3.14 |
3.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(9.19) |
7.64 |
9.95 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.03 |
1.06 |
1.12 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
0.73 |
0.84 |
0.87 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.43 |
0.41 |
0.40 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.29 |
1.68 |
1.27 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.03 |
1.06 |
1.12 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
45.000 |
45.000 |
56.250 |
|
Reserves & Surplus |
107.676 |
115.747 |
101.355 |
|
Net
worth |
152.676 |
160.747 |
157.605 |
|
|
|
|
|
|
Long Term borrowings |
11.970 |
13.500 |
11.761 |
|
Short Term borrowings |
19.066 |
47.665 |
54.241 |
|
Current maturities of long term debt |
26.004 |
14.596 |
6.492 |
|
Total
borrowings |
57.040 |
75.761 |
72.494 |
|
Debt/Equity
ratio |
0.374 |
0.471 |
0.460 |
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
|
488.036 |
406.380 |
225.381 |
|
|
|
(16.732) |
(44.539) |
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
|
488.036 |
406.380 |
225.381 |
|
Profit/(Loss) |
15.195 |
12.288 |
(14.485) |
|
|
3.11% |
3.02% |
(6.43%) |
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 |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
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 |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
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 |
STATE OF THE COMPANY’S AFFAIR:
During the year, the Company generated gross total revenue of INR 226.910 million as against INR 408.828 million of the previous year, and incurred a net loss of INR 14.485 million as against net profit of INR 12.288 million of the previous year.
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G51007490 |
100117181 |
SHRIRAM CITY UNION FINANCE LIMITED |
17/07/2017 |
- |
- |
10000000.0 |
123,ANGAPPA NAICKEN STREET, CHENNAI TA600001IN |
|
2 |
C49525819 |
10560231 |
BANK OF INDIA |
10/01/2015 |
- |
- |
75000000.0 |
MUMBAI MID CORPORATE BRANCH, MEZANINE FLOOR, BANK OF INDIA BUILDING, 70/80 M. G. ROAD, FORT, MUMBAI MH400001IN |
|
3 |
C44334118 |
80048541 |
STATE BANK OF INDIA |
14/01/2006 |
10/01/2015 |
- |
136700000.0 |
COMMERCIAL BRANCH,N.G.N. VAIDYA MARG, POST BOX 10141, MUMBAI MH400001IN |
|
4 |
Y10199983 |
90110291 |
BANK OF INDIA |
21/03/2001 |
- |
- |
29000000.0 |
MUMBAI CORPORATE BANKING BRANCH70-80; M.G. ROAD MUMBAI MH400023IN |
|
5 |
Y10199781 |
90110089 |
STATE BANK OF INDIA |
21/02/2000 |
07/07/2003 |
- |
72500000.0 |
COMMERCIAL BRANCHJUSTICE G.N. VAIDYA MARG MUMBAI MH400023IN |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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 68.52 |
|
|
1 |
INR 90.60 |
|
Euro |
1 |
INR 79.87 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
VVK |
|
|
|
|
Report Prepared
by : |
NKT |
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.