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|
MIRA
INFORM REPORT
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Report No. : |
494309 |
|
Report Date : |
01.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
PERFECT COLOURANTS AND PLASTICS PRIVATE LIMITED |
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Registered
Office : |
C-1B/85, GIDC, Waghodia, District Vadodara – 391760, Gujarat |
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Tel. No.: |
91-265-6507399 / 6457499 / 2357208 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
16.10.1986 |
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Com. Reg. No.: |
04-009087 |
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Capital
Investment / Paid-up Capital : |
INR 12.500 Million |
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CIN No.: [Company Identification
No.] |
U25209GJ1986PTC009087 |
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IEC No.: [Import-Export Code No.] |
0391012134 |
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PAN No.: [Permanent Account No.] |
AABCP2646M |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
24AABCP2646M1ZB |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturers of concentra colour concentrates for thermoplastics (Registered Activity and also Confirmed by management) |
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No. of Employees
: |
100 (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 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1986 having
fine track records. For the financial year ended 2017, revenue of the company has
marginally decline. However, it has witnessed a growth in its profit and
reported fair profit margin at 2.77% (approximately). The company possesses sound financial profile marked by healthy
networth base along with negligible debt recorded and favourable gap between
trade payables to its trade receivables. The company also derives strength from its long established track
record of business operations. Trade relations are reported as fair. Business is active. Payments
terms are reported to be regular and as per commitments. In view of the 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 (30.09.2017) |
Current Rating (31.12.2017) |
|
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2016.
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 01.03.2018
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. Rahil |
|
Designation : |
Finance Manager |
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Contact No.: |
91-9227443307 |
|
Date : |
27.02.2018 |
LOCATIONS
|
Registered Office / Factory 1 : |
C-1B/85, GIDC, Waghodia, District Vadodara - 391760, Gujarat,
India |
|
Tel. No.: |
Not Available |
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Mobile No.: |
91-9227443307 (Mr. Rahil) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Locality : |
Industrial |
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Factory 2 : |
Plot No.4, Daman Industrial Estate (Somnath Industrial Estate), Somnath Road, Daman, Daman and Diu, India |
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Factory 3 : |
Plot No.7, Golden Industrial Estate (Somnath Industrial Estate), Somnath Road, Daman, Daman and Diu, India |
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Marking Office / Branch Office / Corporate Office : |
303, PG Square, Near Tube Company, Old Padra Road, Vadodara - 390020, Gujarat, India |
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Tel. No.: |
91-265-6507399 / 6457499 / 2357208 |
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Fax No.: |
91-265-2357208 |
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E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Madanmohan Siremal Humad |
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Designation : |
Director |
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Address : |
27, Chinarwood, Akota Road, Opposite R. C. Patel Estate,
Vadodara-390018, Gujarat, India |
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Date of Appointment : |
16.10.1986 |
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DIN No.: |
00028925 |
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Other Directorship:
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Name : |
Mr. Rupen Madanmohan Humad |
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Designation : |
Director |
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Address : |
Plot No 27, Chinar Wood Society, Near Taj Residency Hotel, Akota Road,
Vadodara - 390020, Gujarat, India |
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Date of Appointment : |
02.12.2013 |
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DIN No.: |
06750383 |
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Other Directorship:
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MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Madanmohan Siremal Humad |
22375 |
17.90 |
|
Rupen Madanmohan Humad |
18065 |
14.45 |
|
Rekha Madanmohan Humad |
44050 |
35.24 |
|
Madanmohan Siremal Humad(HUF) |
33390 |
26.71 |
|
Saroj Ashokkumar Humad |
1400 |
1.12 |
|
Rikta Vishal Sheti |
5720 |
4.58 |
|
Total |
125000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of concentra colour concentrates for thermoplastics (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 : |
Concentra Colour Concentrates |
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Countries : |
South Africa |
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Imports : |
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Products : |
Raw Material |
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Countries : |
Singapore |
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Terms : |
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Selling : |
Advance Payment, Credit (30/60 Days) |
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Purchasing : |
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 : |
100 (Approximately) |
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Bankers : |
·
HDFC Bank Limited ·
Bank of Baroda |
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Facilities : |
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Auditors : |
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Name : |
Lalit R Mehta and Associates Chartered Accountants |
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Address : |
Prasanna House, Associated Society, Opposite Radha Krishna Park, Akota,
Vadodara – 390020, Gujarat, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAUPM0018Q |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Related Parties : |
· Pragya Flexifilms Industries · Pragya Power Overseas · Madan Humad (HUF) · Sun Spectratech Private Limited · Perfect Bioplast · Praful Metals Works Private Limited · Premium Polyalloys Private Limited · Premrum PolIyaIIoys |
CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
INR 100/- each |
INR 20.000 Million |
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
125000 |
Equity Shares |
INR 100/- each |
INR 12.500 Million |
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|
|
|
FINANCIAL DATA
[all figures are
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 |
12.500 |
12.500 |
12.500 |
|
(b) Reserves & Surplus |
156.158 |
142.070 |
128.131 |
|
(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) |
168.658 |
154.570 |
140.631 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
17.253 |
10.348 |
11.699 |
|
(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 (3) |
17.253 |
10.348 |
11.699 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
24.322 |
43.492 |
30.444 |
|
(b) Trade payables |
65.332 |
48.115 |
54.432 |
|
(c) Other current liabilities |
0.464 |
1.076 |
2.088 |
|
(d) Short-term provisions |
16.433 |
16.073 |
9.515 |
|
Total
Current Liabilities (4) |
106.551 |
108.756 |
96.479 |
|
|
|
|
|
|
TOTAL |
292.462 |
273.674 |
248.809 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
32.561 |
22.116 |
23.475 |
|
(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 |
2.716 |
3.353 |
3.565 |
|
(c) Deferred tax assets (net) |
0.245 |
0.262 |
0.346 |
|
(d) Long-term Loan and Advances |
0.243 |
0.174 |
0.191 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
35.765 |
25.905 |
27.577 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
103.120 |
98.367 |
82.172 |
|
(c) Trade receivables |
124.551 |
124.341 |
110.741 |
|
(d) Cash and cash equivalents |
4.383 |
4.042 |
3.607 |
|
(e) Short-term loans and
advances |
24.643 |
21.019 |
24.712 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
256.697 |
247.769 |
221.232 |
|
|
|
|
|
|
TOTAL |
292.462 |
273.674 |
248.809 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
507.263 |
521.740 |
469.262 |
|
|
Other Income |
4.975 |
4.955 |
7.135 |
|
|
TOTAL
|
512.238 |
526.695 |
476.397 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
415.845 |
446.001 |
401.544 |
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
5.317 |
(3.924) |
2.382 |
|
|
Employees benefits expense |
18.011 |
17.323 |
15.000 |
|
|
Other expenses |
40.242 |
35.770 |
33.042 |
|
|
TOTAL |
479.415 |
495.170 |
451.968 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
32.823 |
31.525 |
24.429 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
6.999 |
6.835 |
8.454 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
25.824 |
24.690 |
15.975 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
3.684 |
3.742 |
3.219 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
22.140 |
20.948 |
12.756 |
|
|
|
|
|
|
|
Less |
TAX |
8.051 |
7.010 |
4.072 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
14.089 |
13.938 |
8.684 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
106.918 |
86.273 |
56.700 |
|
|
TOTAL
EARNINGS |
106.918 |
86.273 |
56.700 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
55.784 |
86.027 |
54.060 |
|
|
TOTAL
IMPORTS |
55.784 |
86.027 |
54.060 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
112.71 |
111.51 |
69.48 |
Expected Sales (2017-2018): INR 600.000 Million
The above information has been parted by Mr. Rahil (Finance Manager)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
89.62 |
86.99 |
86.14 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.07 |
4.20 |
4.24 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
57.34 |
39.38 |
49.48 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.32 |
0.32 |
0.30 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.01 |
1.43 |
1.04 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.42 |
0.44 |
0.43 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.25 |
0.35 |
0.30 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.63 |
0.70 |
0.69 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.19 |
0.14 |
0.17 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
4.69 |
4.61 |
2.89 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
2.78 |
2.67 |
1.85 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
4.82 |
5.09 |
3.49 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
8.35 |
9.02 |
6.18 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.41 |
2.28 |
2.29 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.44 |
1.37 |
1.44 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.58 |
0.56 |
0.57 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
3.33 |
4.31 |
3.37 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.41 |
2.28 |
2.29 |
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 |
12.500 |
12.500 |
12.500 |
|
Reserves & Surplus |
128.131 |
142.070 |
156.158 |
|
Net
worth |
140.631 |
154.570 |
168.658 |
|
|
|
|
|
|
long-term borrowings |
11.699 |
10.348 |
17.253 |
|
Short term borrowings |
30.444 |
43.492 |
24.322 |
|
Total
borrowings |
42.143 |
53.840 |
41.575 |
|
Debt/Equity
ratio |
0.300 |
0.348 |
0.247 |
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 |
469.262 |
521.740 |
507.263 |
|
|
|
11.183 |
(2.775) |
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 |
469.262 |
521.740 |
507.263 |
|
Profit |
8.684 |
13.938 |
14.089 |
|
|
1.85% |
2.67% |
2.78% |
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) |
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 |
Yes |
|
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and
advances from related parties |
|
|
|
Loans from Directors |
12.860 |
9.648 |
|
Total |
12.860 |
9.648 |
INDEX OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Amount |
Address |
|
1 |
G32054751 |
100069165 |
KOTAK MAHINDRA BANK LIMITED |
20/10/2016 |
- |
85000000.0 |
27BKC, C 27, G BLOCK BANDRA KURLA COMPLEX, BANDRA (E), MUMBAI MAHARASHTRA 400051 INDIA |
|
2 |
C19106160 |
10517924 |
HDFC BANK LIMITED |
21/07/2014 |
- |
15000000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL, WEST, MUMBAI - 400013, MAHARASHTRA, INDIA |
|
3 |
C15587959 |
90112985 |
HDFC BANK LIMITED |
23/05/2005 |
18/06/2014 |
95000000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL, WEST, MUMBAI - 400013, MAHARASHTRA, INDIA |
|
4 |
Y10202307 |
90112615 |
CORPORATION BANK |
12/09/2000 |
11/08/2004 |
24800000.0 |
DENDIA BAZAR BRANCH, VADODARA - 390001, GUJARAT, INDIA |
|
5 |
Y10197503 |
90107811 |
MAHARASHTRA STATE FINANCIAL CORPN. |
26/04/2000 |
- |
4500000.0 |
NEW EXCELSIOR BUILDING, 5TH; 7TH; 8TH AND 9TH FLOORS; AMRIT KESHAV NAYAK, , GUJARAT, INDIA |
|
6 |
Y10202276 |
90112584 |
SBI FACTORS AND COMMERCIAL SERVICES |
24/03/2000 |
- |
8000000.0 |
B. B. C. TOWERS, 1ST FLOOR; FSAYAJIGUNJ, VADODARA - 390005, GUJARA, INDIA |
|
7 |
Y10202240 |
90112548 |
CANARA BANK |
01/12/1999 |
- |
305000.0 |
RAOPURA BRANCH, BARODA - 390001, GUJARAT, INDIA |
|
8 |
Y10202233 |
90112541 |
CANARA BANK |
14/10/1999 |
- |
333300.0 |
RAOPURA BRANCH, BARODA - 390001, GUJARAT, INDIA |
|
9 |
Y10202218 |
90112526 |
CANARA BANK |
29/07/1999 |
- |
208000.0 |
RAOPURA BRANCH, BARODA - 390001, GUJARAT, INDIA |
|
10 |
Y10202202 |
90112510 |
CANARA BANK |
28/05/1999 |
- |
225000.0 |
RAOPURA BRANCH, BARODA - 390001, GUJARAT, INDIA |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Bank Guarantee |
4.082 |
0.000 |
|
Foreign letter of credit |
7.138 |
18.468 |
FIXED ASSETS
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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 64.85 |
|
UK Pound |
1 |
INR 79.97 |
|
Euro |
1 |
INR 90.58 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
JYTK |
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.
·