|
|
|
MIRA INFORM REPORT
|
Report No. : |
495782 |
|
Report Date : |
06.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
IMMUNOSHOP INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
309, Raheja Arcade,
Sector-11, CBD Belapur (East), Navi Mumbai - 400614, Maharashtra |
|
Tel. No.: |
91-22-41255515 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
28.06.2004 |
|
|
|
|
Com. Reg. No.: |
11-147178 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 0.950 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U33110MH2004PTC147178 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0304048089 |
|
|
|
|
CST/ TIN No.: |
27780357449 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCI2537G |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AABCI2537G1ZR |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is
engaged in Import and distribution of diagnostic kits for pathologists and
hospitals. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Information declined 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 |
|
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|
|
Comments : |
Subject was incorporated in the year 2004 and it is having
satisfactory track records. Management of the company has not filed its financials of 2017 with
government department. As per available financials of 2016, the company has increased its
revenue from operation as compared to previous year and maintained average
profit margin of 2.31%. General financial position of the company seems to be sound and
acceptable along with average debt structure. Further, rating also reflects company’s long standing track records
along with improvement in the revenue and profitability profile during the
year. Trade relations are reported as fair. Business is active. Payments are
seems to be usually correct. The company 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.
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 06.03.2018
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 : |
Ms. Sunanda |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-22-41255515 |
|
Date : |
05.03.2018 |
(Tel. No.: 91-22-27566891 Not Working)
LOCATIONS
|
Registered Office/ Warehouse : |
309, Raheja Arcade,
Sector-11, CBD Belapur (East), Navi Mumbai - 400614, Maharashtra, India |
|
Tel. No.: |
91-22-27566892/
27566990/ 32198021 |
|
Fax No.: |
91-22-27566893/
27565575/ 27578497 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Manoj Omprakash Monga |
|
Designation : |
Director |
|
Address : |
Flat No.101, First Floor, Building No.29, Nri Complex, Seawood Estate, Nerul, Navi Mumbai - 400706, Maharashtra, India |
|
Date of Birth/Age : |
21.01.1971 |
|
Date of Appointment : |
28.06.2004 |
|
DIN No.: |
01270188 |
|
|
|
|
Name : |
Mrs. Neeta Manoj Monga |
|
Designation : |
Director |
|
Address : |
Flat No.101, First Floor, Building No.29, Nri Complex,Seawood Estate, Nerul, Navi Mumbai - 400706, Maharashtra, India |
|
Date of Birth/Age : |
30.11.1966 |
|
Date of Appointment : |
28.06.2004 |
|
DIN No.: |
01270200 |
|
|
|
|
Name : |
Mr. Deep Monga |
|
Designation : |
Director |
|
Address : |
309, Raheja Arcade, Sector-11, CBD Belapur, Navi Mumbai - 400614, Maharashtra, India |
|
Date of Birth/Age : |
02.01.1982 |
|
Date of Appointment : |
08.08.2010 |
|
DIN No.: |
03127635 |
|
|
|
|
Name : |
Ms. Madhuri Surendra Pratap Singh |
|
Designation : |
Director |
|
Address : |
Maithili Parth CHS Limited, Flat No.202, Plot No.166, Sector No.12, Vashi Navi Mumbai – 400705, Maharashtra, India |
|
Date of Appointment : |
10.11.2017 |
|
DIN No.: |
07987770 |
|
|
|
|
Name : |
Mr. Santos Rani |
|
Designation : |
Director |
|
Address : |
C3/65, Himalayan Apartment, Sector 22. Plot No.10, Dwarka, Delhi – 110075, India |
|
Date of Appointment : |
10.11.2017 |
|
DIN No.: |
07987782 |
KEY EXECUTIVES
|
Name : |
Ms. Sunanda |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Manoj Omprakash Monga |
94050 |
99.00 |
|
Neeta Manoj Monga |
950 |
1.00 |
|
Total |
95000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is
engaged in Import and distribution of diagnostic kits for pathologists and
hospitals. (Registered Activity) |
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Products : |
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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 : |
Information declined by the management
|
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Bankers : (As on 2016) |
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Facilities : |
|
|
Auditors : |
|
|
Name : |
S. Pratap Singh and Company Chartered Accountants |
|
Address : |
110, Punit Chambers, Sector-18, Vashi, Mumbai – 400705, Maharashtra,
India |
|
Tel. No.: |
91-2227882279/ 41236972 |
|
Fax No.: |
91-22-27882276 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ACPFS6553F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
95000 |
Equity Shares |
INR 10/- each |
INR 0.950
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.950 |
0.950 |
0.950 |
|
(b) Reserves & Surplus |
46.091 |
39.157 |
35.533 |
|
(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) |
47.041 |
40.107 |
36.483 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
54.847 |
57.908 |
72.384 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.362 |
|
(c) Other long term
liabilities |
3.391 |
3.545 |
2.904 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
58.238 |
61.453 |
75.650 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
17.716 |
53.225 |
43.407 |
|
(c) Other current liabilities |
5.322 |
9.837 |
5.643 |
|
(d) Short-term provisions |
7.093 |
8.047 |
4.298 |
|
Total
Current Liabilities (4) |
30.131 |
71.109 |
53.348 |
|
|
|
|
|
|
TOTAL |
135.410 |
172.669 |
165.481 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
30.867 |
29.495 |
27.498 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.961 |
0.953 |
0.936 |
|
(c) Deferred tax assets (net) |
1.308 |
0.392 |
0.000 |
|
(d) Long-term Loan and Advances |
5.646 |
21.683 |
22.532 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
38.782 |
52.523 |
50.966 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
44.778 |
59.093 |
53.357 |
|
(c) Trade receivables |
42.032 |
55.293 |
42.222 |
|
(d) Cash and cash equivalents |
9.196 |
3.327 |
4.092 |
|
(e) Short-term loans and
advances |
0.622 |
2.433 |
14.831 |
|
(f) Other current assets |
0.000 |
0.000 |
0.013 |
|
Total
Current Assets |
96.628 |
120.146 |
114.515 |
|
|
|
|
|
|
TOTAL |
135.410 |
172.669 |
165.481 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
299.685 |
249.406 |
215.201 |
|
|
Other Income |
1.449 |
5.976 |
3.379 |
|
|
TOTAL
|
301.134 |
255.382 |
218.580 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
167.023 |
160.006 |
149.084 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
14.315 |
(5.736) |
(12.557) |
|
|
Employees benefits expense |
33.868 |
28.434 |
23.880 |
|
|
Other expenses |
59.312 |
49.599 |
34.939 |
|
|
TOTAL
|
274.518 |
232.303 |
195.346 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
26.616 |
23.079 |
23.234 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
7.800 |
10.049 |
14.197 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
18.816 |
13.030 |
9.037 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
8.438 |
7.262 |
3.957 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
10.378 |
5.768 |
5.080 |
|
|
|
|
|
|
|
Less |
TAX |
3.444 |
2.145 |
1.575 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
6.934 |
3.623 |
3.505 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
39.157 |
35.534 |
32.029 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
46.091 |
39.157 |
35.534 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
72.99 |
38.14 |
36.89 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
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 |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
51.19 |
80.92 |
71.61 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
7.13 |
4.51 |
5.10 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
38.72 |
121.41 |
106.27 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.59 |
0.39 |
0.44 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.86 |
0.78 |
0.84 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.63 |
0.75 |
0.76 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.17 |
1.44 |
1.98 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.64 |
1.77 |
1.46 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.66 |
0.74 |
0.75 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.41 |
2.30 |
1.64 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
2.31 |
1.45 |
1.63 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
5.12 |
2.10 |
2.12 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
14.74 |
9.03 |
9.61 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
3.21 |
1.69 |
2.15 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.72 |
0.86 |
1.15 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.35 |
0.23 |
0.22 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
57.73 |
60.96 |
76.19 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
3.21 |
1.69 |
2.15 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
0.950 |
0.950 |
0.950 |
|
Reserves & Surplus |
35.533 |
39.157 |
46.091 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
36.483 |
40.107 |
47.041 |
|
|
|
|
|
|
long-term borrowings |
72.384 |
57.908 |
54.847 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
72.384 |
57.908 |
54.847 |
|
Debt/Equity
ratio |
1.984 |
1.444 |
1.166 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
215.201 |
249.406 |
299.685 |
|
|
|
15.894 |
20.159 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
215.201 |
249.406 |
299.685 |
|
Profit |
3.505 |
3.623 |
6.934 |
|
|
1.63% |
1.45% |
2.31% |
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 |
No |
|
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 |
OPERATIONS (As on 31.03.2016)
The company has reported total
income of INR 301.134 Million for the current year as compared to INR 255.383
Million in the previous year. The net profit for the year amounted to INR 6.934
Million in the current year as compared to INR 3.623 Million in the previous
year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
LONG TERM
BORROWING |
|
|
|
Term Loan from Others |
10.543 |
13.486 |
|
|
|
|
|
Total |
10.543 |
13.486 |
INDEX
OF CHARGES
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C56846637 |
10575722 |
DBS Bank Ltd |
04/06/2015 |
- |
- |
4000000.0 |
3rd Floor, Fort House221, Dr. D. N. Road, Fort Mumbai MAHARASHTRA 400001 INDIA |
|
2 |
G08107658 |
10581985 |
DBS Bank Ltd |
04/06/2015 |
15/06/2016 |
- |
48500000.0 |
3rd Floor, Fort House221, Dr. D. N. Road, Fort Mumbai MAHARASHTRA 400001 INDIA |
|
3 |
C67084137 |
10322780 |
Citi Bank N.A. |
14/11/2011 |
26/03/2012 |
30/09/2015 |
42000000.0 |
TRENT HOUSE, 2ND FLOOR, G BLOCK, PLOT NO.C60BANDRA KURLA COMPLEX, BANDRA (EAST) MUMBAI MAHARASHTRA 400051 INDIA |
|
4 |
B28329795 |
10205959 |
DEVELOPMENT CREDIT BANK LIMITED |
20/02/2010 |
21/01/2011 |
27/12/2011 |
31000000.0 |
301, DELTA PLAZA414, VEER SAVARKAR MARG, PRABHADEVI, MUMBAI MAHARASHTRA 400025 INDIA |
|
5 |
B28638997 |
10234926 |
DEVELOPMENT CREDIT BANK LIMITED |
03/08/2010 |
- |
27/12/2011 |
3000000.0 |
301, DELTA PLAZA414, VEER SAVARKAR MARG, PRABHADEVI, MUMBAI MAHARASHTRA 400025 INDIA |
|
6 |
A83493437 |
10016056 |
STATE BANK OF INDIA |
07/07/2006 |
27/06/2008 |
08/04/2010 |
9500000.0 |
RETAIL ASSETS & SMALL ENTERPRISES CREDIT CENTRE, NEAR ICE FACTORY, NAUPADA THANE MAHARASHTRA 400602 INDIA |
FIXED ASSETS
· Attendance Timer Machine
· Air-conditioner
· Office-313 L and B
· Furniture and Fixtures (ID)
· Computers
· Microwave
· Computer Software
· Medical Equipment
· Fax Machines
· Office Equipment
· Projector
· Inverter
· Mobile Handsets
· Deep Freezer
· Refrigerator
· Paper Shreder Machine
· Cold Room
· Delhi Cold Room
· Motor Car
· Printer
· BMW Car
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 65.05 |
|
|
1 |
INR 89.69 |
|
Euro |
1 |
INR 80.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
SUD |
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.