|
|
|
MIRA
INFORM REPORT
|
Report No. : |
494269 |
|
Report Date : |
01.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
KLEENAIR SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
"Kleenair" House, Gat No. 120-122, At Post Pirangut, Taluka Mulshi
Pune – 412115, Maharashtra |
|
Tel. No.: |
91-20-66750380/81/82/84 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
25.03.1994 |
|
|
|
|
Com. Reg. No.: |
11-077308 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 6.527 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29199MH1994PTC077308 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
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TIN No.: |
27160004904 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK8706A |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAACK8706A1ZV |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturing of Air Pollution Control
Equipments and Material Handling Systems. (Registered Activity) |
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|
|
|
No. of Employees
: |
Not Divulged |
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 |
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|
|
|
Litigation : |
Clear |
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|
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|
Comments : |
Subject was incorporated in the year 1994 and it is engaged in manufacturing of air pollution control equipment and material handling systems.
As per financials of March 2017, the company has registered decline in its revenue as compared to its previous year’s revenue and reported minimal profit margin of 0.83%. Rating takes into consideration the company’s established track record of business operations marked by sound net worth along with strong debt coverage indicators and decent liquidity position. Payment seems to be usually correct. In view of 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 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
|
Name : |
Mr. Naresh More |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-20-66750380 |
|
Date : |
26.02.2018 |
LOCATIONS
|
Registered Office : |
"Kleenair" House, Gat No. 120-122, At Post Pirangut, Taluka
Mulshi Pune – 412115, Maharashtra, India |
|
Tel. No.: |
91-20-66750380/81/82/84 |
|
Fax No.: |
91-20-66750394 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Hemant Madhusudan Masodkar |
|
Designation : |
Director |
|
Address : |
Flat No.1, Pranav, Plot No. 2, Ishadan Society, Paud Road, Pune - 411029, Maharashtra, India |
|
Date of Birth/Age : |
22.09.1962 |
|
Date of Appointment : |
25.03.1994 |
|
DIN No.: |
00983162 |
|
|
|
|
Name : |
Mr. Achyut Chaitanya Gosavi |
|
Designation : |
Director |
|
Address : |
Flat No. D2, Willows S. No. 13.1 To 13.19, Balewadi, Pune - 411045, Maharashtra, India |
|
Date of Birth/Age : |
02.07.1963 |
|
Date of Appointment : |
25.03.1994 |
|
DIN No.: |
01801621 |
KEY EXECUTIVES
|
Name : |
Mr. Naresh More |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Hemant Madhusudan Masodkar |
|
20535 |
|
Shivani Hemant Masodkar |
|
10150 |
|
Hemant Madhusudan Masodkar HUF |
|
50 |
|
Kishori Madhusudan Masodkar |
|
1900 |
|
Achyut Chaitanya Gosavi |
|
13985 |
|
Manisha Achyut Gosavi |
|
18600 |
|
Achyut Gosavi HUF |
|
50 |
|
Total |
|
65270 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Air Pollution Control
Equipments and Material Handling Systems. (Registered Activity) |
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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 : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Vinod K. Gupta and Associates Chartered Accountants |
|
Address : |
112, Regent Plaza, Baner-Pashan Link Road, Baner, Pune – 411045, Maharashtra,
India |
|
Income-tax
PAN of auditor or auditor's firm : |
ABJPG1532F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000 |
Equity Shares |
INR 100/- each |
INR 7.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
65270 |
Equity Shares |
INR 100/- each |
INR 6.527 Million |
|
|
|
|
|
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 |
6.527 |
6.527 |
6.527 |
|
(b) Reserves & Surplus |
91.531 |
90.509 |
84.881 |
|
(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) |
98.058 |
97.036 |
91.408 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
21.859 |
14.366 |
14.181 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.059 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
2.530 |
2.350 |
3.850 |
|
Total
Non-current Liabilities (3) |
24.389 |
16.716 |
18.090 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
28.454 |
32.587 |
14.797 |
|
(c) Other current liabilities |
14.788 |
21.216 |
22.268 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
43.242 |
53.803 |
37.065 |
|
|
|
|
|
|
TOTAL |
165.689 |
167.555 |
146.563 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
23.446 |
25.365 |
28.818 |
|
(ii) Intangible Assets |
0.094 |
0.094 |
0.155 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
7.744 |
6.149 |
12.746 |
|
(e) Other Non-current assets |
0.224 |
0.158 |
0.000 |
|
Total
Non-Current Assets |
31.508 |
31.766 |
41.719 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
22.352 |
12.684 |
21.509 |
|
(b) Inventories |
61.258 |
45.379 |
43.013 |
|
(c) Trade receivables |
46.339 |
68.543 |
34.112 |
|
(d) Cash and cash equivalents |
3.100 |
7.680 |
3.724 |
|
(e) Short-term loans and
advances |
1.132 |
1.503 |
2.486 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
134.181 |
135.789 |
104.844 |
|
|
|
|
|
|
TOTAL |
165.689 |
167.555 |
146.563 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
122.706 |
153.089 |
128.795 |
|
|
Other Income |
2.795 |
4.518 |
1.660 |
|
|
TOTAL
|
125.501 |
157.607 |
130.455 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
103.068 |
84.777 |
74.716 |
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(21.776) |
8.504 |
9.218 |
|
|
Employees benefits expense |
23.038 |
22.056 |
24.014 |
|
|
Other expenses |
13.423 |
28.100 |
12.634 |
|
|
TOTAL |
117.753 |
143.437 |
120.582 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
7.748 |
14.170 |
9.873 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
3.724 |
2.889 |
2.438 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
4.024 |
11.281 |
7.435 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
2.889 |
3.564 |
6.208 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
1.135 |
7.717 |
1.227 |
|
|
|
|
|
|
|
Less |
TAX |
0.114 |
2.088 |
0.398 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
1.021 |
5.629 |
0.829 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1.915 |
NA |
NA |
|
|
TOTAL
EARNINGS |
1.915 |
NA |
NA |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
15.65 |
86.24 |
12.71 |
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 |
1.562 |
(2.297) |
(5.982) |
|
Net cash flows from (used in) operations |
(0.033) |
(4.715) |
(7.228) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
19.42 |
163.42 |
96.67 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
18.80 |
2.23 |
3.78 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
100.77 |
140.30 |
72.29 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.13 |
0.31 |
0.23 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.33 |
0.56 |
0.34 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.52 |
0.41 |
0.35 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.22 |
0.15 |
0.16 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.44 |
0.55 |
0.41 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.24 |
0.26 |
0.32 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.08 |
4.90 |
4.05 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.83 |
3.68 |
0.64 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.81 |
3.36 |
0.57 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
1.04 |
5.80 |
0.91 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.18 |
2.52 |
2.83 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.77 |
1.68 |
1.67 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.78 |
0.58 |
0.62 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
3.35 |
2.20 |
2.17 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.18 |
2.52 |
2.83 |
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 |
6.527 |
6.527 |
6.527 |
|
Reserves & Surplus |
84.881 |
90.509 |
91.531 |
|
Net
worth |
91.408 |
97.036 |
98.058 |
|
|
|
|
|
|
long-term borrowings |
14.181 |
14.366 |
21.859 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
14.181 |
14.366 |
21.859 |
|
Debt/Equity
ratio |
0.155 |
0.148 |
0.223 |
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 |
128.795 |
153.089 |
122.706 |
|
|
|
18.863 |
(19.847) |
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 |
128.795 |
153.089 |
122.706 |
|
Profit |
0.829 |
5.629 |
1.021 |
|
|
0.64% |
3.68% |
0.83% |
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 |
No |
|
17] |
Details of sister concerns |
No |
|
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 |
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 |
COMPANY
INFORMATION
The company is a private limited company located in India and
incorporated under the companies Act, 1956 on March 25, 1994. The company is
engaged manufacturing
of air pollution control equipments and material handling systems.
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Achyut Gosavi |
0.250 |
0.250 |
|
Hemant Masodkar |
0.250 |
0.250 |
|
Total |
0.500 |
0.500 |
INDEX OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G52227477 |
100126636 |
Indusind Bank Limited |
24/07/2017 |
- |
- |
5000000.0 |
Bldg No. 2 (First Floor), Plot No. B-5, Part Gross Lane, MIDC, Andheri (East). Mumbai MAHARASHTRA 400093 INDIA |
|
2 |
G23725740 |
100061482 |
HDFC BANK LIMITED |
18/10/2016 |
- |
- |
1869185.0 |
Bund Garden Branch, Marathon I T Park Bund Garden Road, Opp. Hotel Sun n Sand PUNE MAHARASHTRA 411001 INDIA |
|
3 |
G30230361 |
100066644 |
Indusind Bank Limited |
08/06/2016 |
- |
- |
63050000.0 |
Opus Centre, 4th Floor, Opp. Tunga Paradise, MIDC, Andheri (East), Mumbai MAHARASHTRA 400093 INDIA |
|
4 |
B64705064 |
10414382 |
BMW India Financial Services Private Limited |
27/12/2011 |
- |
- |
2440000.0 |
TOWER C, 14TH FLOOR, BUILDING NO. 10DLF CYBER CITY, PHASE-II GURGAON HARYANA 122002 INDIA |
|
5 |
B63488548 |
10410193 |
BMW India Financial Services Private Limited |
26/12/2011 |
- |
- |
2440000.0 |
TOWER C, 14TH FLOOR, BUILDING NO. 10DLF CYBER CITY, PHASE-II GURGAON HARYANA 122002 INDIA |
|
6 |
G28053163 |
10218683 |
HDFC BANK LIMITED |
26/04/2010 |
10/05/2012 |
28/11/2016 |
129000000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARG LOWER PAREL W MUMBAI MAHARASHTRA 400013 INDIA |
|
7 |
G28054070 |
10219130 |
HDFC BANK LIMITED |
26/04/2010 |
10/05/2012 |
28/11/2016 |
144000000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARG LOWER PAREL W MUMBAI MAHARASHTRA 400013 INDIA |
|
8 |
A87064846 |
90091327 |
STATE BANK OF INDIA |
18/08/2000 |
24/03/2005 |
11/06/2010 |
2000000.0 |
ERNADAVANA BRANCH PUNE MAHARASHTRA 400004 INDIA |
|
9 |
A87064671 |
90090351 |
STATE BANK OF INDIA |
26/08/1996 |
- |
11/06/2010 |
200000.0 |
ERNADAVANA BRANCH PUNE MAHARASHTRA 400004 INDIA |
|
10 |
A87064937 |
90091572 |
State Bank of India Erandvana Branch |
11/06/2001 |
10/06/2009 |
11/06/2010 |
34892000.0 |
Opp. S.N.D.T. Near Flayover Kave Road Pune MAHARASHTRA 411004 INDIA |
FIXED ASSETS
- Computer
- Factory
Building
- Office
Equipment
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
- Electricals
- Vehicles
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 65.23 |
|
UK Pound |
1 |
INR 79.50 |
|
Euro |
1 |
INR 89.71 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
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 |
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.
·