|
|
|
MIRA
INFORM REPORT
|
Report No. : |
494902 |
|
Report Date : |
03.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
DOMINO PRINTECH INDIA LLP |
|
|
|
|
Registered
Office : |
Plot No.117, Sector-8 IMT Manesar, Gurugram – 122052,
Haryana |
|
Tel. No.: |
91-124-4886100 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 (Domino Printech India LLP) 31.03.2015 (Domino Printech India Private Limited) |
|
|
|
|
Date of
Establishment : |
28.11.2016 |
|
|
|
|
Obligation of
contribution: |
INR 40.800 Million |
|
|
|
|
LLPIN : |
AAH-9056 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TIN No.: |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
06AAMFD9286F1Z1 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAMFD9286F |
|
|
|
|
Legal Form : |
Limited Liability Partnership |
|
|
|
|
Line of Business
: |
Manufacturing,
trading, exporting, importing, distributing of coding and marking equipment
including Ink Jet, Laser, Thermal Transfer Overprint etc. printers and
systems, Printing Inks and solvents, consumables, spares and accessories and
providing maintenance services. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information denied by the management
|
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 : |
Subject was incorporated in the year 1996 as a private limited company with the name of “Domino Printech India Private Limited” Later on 28th November 2016, it got converted into Limited Liability Partnership firm with the name of “Domino Printech India LLP”. The subject is engaged in manufacturing, trading, exporting, importing and distributing of coding and marking equipment including ink jet, laser, thermal transfer overprint, etc., printers and systems, printing inks and solvents, consumables, spares and accessories and providing maintenance services. As per the financial records of 2017, the subject has achieved sales turnover of INR 808.40 million and has reported a favourable profitability margin of 23.84%. The satisfactory financial position of the subject is reflected by above average net worth base along with debt free balance sheet profile. 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 condition. |
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 03.03.2018
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 DENIED BY
Management non co-operative (91-124-4886100)
Continuously ringing (91-9599488058)
LOCATIONS
|
Registered Office : |
Plot No.117, Sector-8 IMT Manesar, Gurugram – 122052, Haryana,
India |
|
Tel. No.: |
91-124-4886100 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Plot No. 167, Udyog Vihar, Phase-1, HSIDC, Gurugram – 122016, Haryana,
India |
|
|
|
|
Branch Office: |
Located At:
|
PARTNERS
As on 31.03.2017
|
Name : |
Mr. Sandeep Gupta |
|
Designation : |
Designated Partner |
|
Address : |
95, Maitri Appartments Mayur Vihar, Phase-1, Delhi –
110091, India |
|
Date of Birth/Age : |
15.07.1964 |
|
Date of Appointment : |
28.11.2016 |
|
DPIN No.: |
00412689 |
|
|
|
|
Name : |
Mr. Bipin Jiwaji Pandit |
|
Designation : |
Designated Partner |
|
Address : |
10b Tower 8, Bellevue Central Park-2, Sohna Road,
Sector-48, Opposite Raheja Mall, Islampur (97), Gurugram – 122018, Haryana, India |
|
Date of Birth/Age : |
21.06.1963 |
|
Date of Appointment : |
28.11.2016 |
|
DPIN No.: |
06688987 |
|
|
|
|
Name : |
Mr. Nigel Robert Bond Nominee of Domino Printing Sciences Plc. |
|
Designation : |
Partner |
|
Address : |
Dutmoss House, Whepstead Bury St Edmunds, Suffolk, IP294TG, United Kingdom |
|
Date of Appointment : |
28.11.2016 |
|
DPIN No.: |
02738519 |
CONTRIBUTION DETAILS
As on 31.03.2017
|
Names of Persons |
INR in Million |
|
Sandeep Gupta |
10 |
|
Bipin Jiwaji Pandit |
10 |
|
Domino Printing Sciences Plc., United Kingdom |
40799980 |
|
Total |
40800000 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing,
trading, exporting, importing, distributing of coding and marking equipment
including Ink Jet, Laser, Thermal Transfer Overprint etc. printers and
systems, Printing Inks and solvents, consumables, spares and accessories and
providing maintenance services. [Registered Activity] |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
7th Floor, Building 10, Tower B, DLF Cyber City Complex, DLF City Phase II, Gurugram – 122002, Haryana, India |
|
Tel. No.: |
91-124-6792000 |
|
Fax No.: |
91-124-6792012 |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Sister Concern : |
-- |
CONTRIBUTION
AS ON 31.03.2017
|
Total Obligation of contribution |
INR 40.800 Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
DOMINO
PRINTECH INDIA LLP
|
SOURCES OF FUNDS |
|
|
31.03.2017 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
40.800 |
|
|
2] Share Application Money |
|
|
2577.046 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
2617.846 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2617.846 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
281.769 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
238.017 |
|
|
Sundry Debtors |
|
|
384.860 |
|
|
Cash & Bank Balances |
|
|
2004.832 |
|
|
Other Current Assets |
|
|
63.374 |
|
|
Loans & Advances |
|
|
61.664 |
|
Total
Current Assets |
|
|
2752.747 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
293.715 |
|
|
Other Current Liabilities |
|
|
26.630 |
|
|
Provisions |
|
|
96.325 |
|
Total
Current Liabilities |
|
|
416.670 |
|
|
Net Current Assets |
|
|
2336.077 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2617.846 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2017 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
808.403 |
|
|
Other Income |
|
|
52.172 |
|
|
TOTAL |
|
|
860.575 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
|
378.640 |
|
|
Employees benefits
expense |
|
|
111.139 |
|
|
Other expenses |
|
|
68.966 |
|
|
TOTAL |
|
|
558.745 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
|
301.830 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
|
0.220 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
|
301.610 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
14.970 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
|
286.640 |
|
|
|
|
|
|
|
Less |
TAX |
|
|
99.540 |
|
|
|
|
|
|
|
|
NET PROFIT |
|
|
187.100 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
|
Average
Collection Days (Sundry Debtors /
Income * 365 Days) |
|
|
173.77 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
|
|
2.10 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
|
|
283.13 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
|
|
1.27 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
|
|
1.07 |
LEVERAGE RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
|
Debt Ratio ((Borrowing + Current
Liabilities) / Total Assets) |
|
|
0.14 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
|
|
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
|
|
0.16 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
|
|
0.11 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
|
|
1371.95 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
|
31.03.2017 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
|
|
23.14 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
|
|
6.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
|
|
7.15 |
SOLVENCY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
|
Current Ratio (Current Assets /
Current Liabilities) |
|
|
6.61 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
|
|
6.04 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
|
|
0.86 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
|
|
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
|
|
6.61 |
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 |
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 |
No |
|
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 |
No |
|
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 |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
No |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
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 |
No |
|
30 |
Major shareholders, if available |
No |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
DOMINO
PRINTECH INDIA
PRIVATE LIMITED
ABRIDGED
BALANCE SHEET
|
SOURCES OF
FUNDS |
|
|
31.10.2016 |
|
|
EQUITY AND LIABILITIES |
|
|
|
|
|
1] Share Capital |
|
|
40.800 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
2350.980 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
2391.780 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL
BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2391.780 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
278.849 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
44.179 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
|
|
|
Sundry Debtors |
|
|
|
|
|
Cash & Bank Balances |
|
|
|
|
|
Other Current Assets |
|
|
|
|
|
Loans & Advances |
|
|
|
|
Total Current Assets |
|
|
2394.682 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
321.271 |
|
|
Other Current Liabilities & Provisions |
|
|
4.659 |
|
Total Current Liabilities |
|
|
325.930 |
|
|
Net Current
Assets |
|
|
2068.752 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2391.780 |
|
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
40.800 |
40.800 |
40.800 |
|
(b) Reserves &
Surplus |
1442.313 |
993.172 |
702.874 |
|
(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) |
1483.113 |
1033.972 |
743.674 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.486 |
4.799 |
3.566 |
|
(c) Other long term
liabilities |
48.437 |
40.784 |
32.222 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
48.923 |
45.583 |
35.788 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
92.599 |
112.186 |
61.987 |
|
(c) Other current
liabilities |
117.356 |
106.006 |
97.294 |
|
(d) Short-term provisions |
30.527 |
15.933 |
10.994 |
|
Total Current Liabilities
(4) |
240.482 |
234.125 |
170.275 |
|
|
|
|
|
|
TOTAL |
1772.518 |
1313.680 |
949.737 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
294.264 |
189.115 |
159.039 |
|
(ii) Intangible Assets |
0.383 |
0.630 |
0.397 |
|
(iii) Capital
work-in-progress |
0.000 |
71.106 |
2.093 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
41.286 |
33.452 |
26.035 |
|
(d) Long-term Loan and Advances |
15.561 |
9.005 |
18.530 |
|
(e) Other Non-current
assets |
6.108 |
5.371 |
5.289 |
|
Total Non-Current Assets |
357.602 |
308.679 |
211.383 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
206.108 |
146.191 |
98.014 |
|
(c) Trade receivables |
255.796 |
199.606 |
183.475 |
|
(d) Cash and cash
equivalents |
833.871 |
579.407 |
422.643 |
|
(e) Short-term loans and
advances |
83.082 |
56.227 |
18.539 |
|
(f) Other current assets |
36.059 |
23.570 |
15.683 |
|
Total Current Assets |
1414.916 |
1005.001 |
738.354 |
|
|
|
|
|
|
TOTAL |
1772.518 |
1313.680 |
949.737 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
1883.873 |
1613.006 |
1465.970 |
|
|
Other Income |
69.381 |
45.220 |
35.032 |
|
|
TOTAL |
1953.254 |
1658.226 |
1501.002 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
595.704 |
519.442 |
417.629 |
|
|
Purchases of
Stock-in-Trade |
272.259 |
315.365 |
296.469 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(20.916) |
(12.424) |
(3.783) |
|
|
Employees benefits
expense |
256.672 |
251.254 |
227.210 |
|
|
Other expenses |
140.423 |
134.981 |
112.947 |
|
|
TOTAL |
1244.142 |
1208.618 |
1050.472 |
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
709.112 |
449.608 |
450.530 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
1.249 |
1.376 |
1.512 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
707.863 |
448.232 |
449.018 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
33.149 |
17.527 |
17.481 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
674.714 |
430.705 |
431.537 |
|
|
|
|
|
|
|
Less |
TAX |
225.573 |
140.408 |
147.799 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
449.141 |
290.297 |
283.738 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
110.14 |
71.31 |
69.54 |
Note: Registered office of the company has been
shifted from “B - 42, LGF, Kailash Colony, Delhi – 110048, India” to the
present address w.e.f.16.05.1996
INDEX OF CHARGE: 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,
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 65.22 |
|
|
1 |
INR 89.70 |
|
Euro |
1 |
INR 79.50 |
INFORMATION DETAILS
|
Information Gathered
by : |
AKS |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
NKTS |
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 |
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.