|
|
|
MIRA INFORM REPORT
|
Report No. : |
496070 |
|
Report Date : |
05.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
TULSI PAPER MILLS PRIVATE LIMITED (w.e.f. 24.11.2009) |
|
|
|
|
Formerly Known
As : |
RANBHUMI COMMODITIES PRIVATE LIMITED |
|
|
|
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Registered
Office : |
3rd Floor, 46, Strand Road, Kolkata-700007 West Bengal |
|
Mobile No.: |
91-9825170382 (Mr. Ashokkumar Khimjibhai Gangani) |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
25.01.2007 |
|
|
|
|
Com. Reg. No.: |
21-079834 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 4.334 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51109WB2007PTC221258 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0212006185 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCR5033N |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer of Paper. [Registered Activity] |
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|
|
|
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 |
|
Maximum Credit Limit : |
USD 1000000 |
|
|
|
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually correct |
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|
|
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Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 2007 and it is a manufacturer of paper and paper board. As per the financials of March 2017, the company has registered a growth of 20.53% in its revenue as compared to previous year revenue and has reported decent profit margin of 5.95% under review. Rating takes into consideration the company’s satisfactory track record of business operations marked by sound net worth base along with comfortable debt coverage indicators and decent liquidity position. Rating also takes into account the extensive experience of its promoters in paper industry. Further, the company has reported good earnings per share of INR 186.00 against its face value of INR 10. However, rating strength is partially offset by moderate working capital intensity, susceptibility of its margins to intense competition and adverse foreign exchange fluctuation. Payments 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 |
CRISIL |
|
Rating |
Long Term Rating= BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk |
|
Date |
09.08.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating= A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk |
|
Date |
09.08.2017 |
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 05.03.2018
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. Ashokkumar Khimjibhai Gangani |
|
Designation : |
Managing Director |
|
Contact No.: |
91-9825170382 |
LOCATIONS
|
Registered Office : |
3rd Floor, 46, Strand Road, Kolkata-700007 West Bengal, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9825170382 (Mr. Ashokkumar Khimjibhai Gangani) |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Ashokkumar Khimjibhai Gangani |
||||||||
|
Designation : |
Managing Director |
||||||||
|
Address : |
30-A, Kala Kunj Society, Varachha Road, Surat – 395006, Gujarat, India |
||||||||
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Date of Birth/Age : |
21.09.1978 |
||||||||
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Date of Appointment : |
01.12.2009 |
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PAN No.: |
AFOPG2151D |
||||||||
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DIN No.: |
02859243 |
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|
||||||||
|
Name : |
Mr. Jatan Lal Manikchand Daga |
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|
Designation : |
Managing Director |
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|
Address : |
A-806, Megh Malhar Apartment, Bhatar Road, Surat – 395017, Gujarat,
India |
||||||||
|
Date of Birth/Age : |
04.04.1963 |
||||||||
|
Date of Appointment : |
01.12.2009 |
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PAN No.: |
AAPPD7105G |
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DIN No.: |
01237883 |
||||||||
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|
|
||||||||
|
Name : |
Mr. Ashok Kumar Manikchand Daga |
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|
Designation : |
Whole Time Director |
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|
Address : |
A-805, Megh Malhar Apartment, Bhatar Road, Surat – 395017, Gujarat, India
|
||||||||
|
Date of Birth/Age : |
04.07.1973 |
||||||||
|
Date of Appointment : |
21.07.2017 |
||||||||
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PAN No.: |
AAPPD7106F |
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DIN No.: |
01479502 |
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Other Directorship:
|
|||||||||
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|
|
||||||||
|
Name : |
Mr. Jayesh Valjibhai Gangani |
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Designation : |
Whole Time Director |
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|
Address : |
11, Kalakunj Society, Near Water Works, Varachha Road, Surat – 395006,
Gujarat, India |
||||||||
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Date of Birth/Age : |
13.04.1985 |
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Date of Appointment : |
01.12.2009 |
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PAN No.: |
AHLPG6818J |
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DIN No.: |
02872193 |
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|
||||||||
|
Name : |
Mr. Mahendrakumar Karsanbhai Patel |
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Designation : |
Whole Time Director |
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|
Address : |
24, Anupambanglows Near Ashirvad Villa Bharthana, Surat - 395007, Gujarat, India |
||||||||
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Date of Birth/Age : |
28.05.1985 |
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Date of Appointment : |
06.10.2015 |
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|
DIN No.: |
02859240 |
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MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of
Shareholders |
No. of Shares |
|
Revaben Gangani |
13750 |
|
Chandrikaben Gangani |
11350 |
|
Daga Impex Private Limited, India |
12700 |
|
Kantilal Gangani |
13450 |
|
Lalit Kumar Daga |
19350 |
|
Hemrajbhai Gangani |
6800 |
|
Daga Polymers Private Limited, India |
11600 |
|
Jatan Lal Daga |
24800 |
|
Jayaben Gangani |
7600 |
|
Ashok Kumar Daga |
17200 |
|
Anupama Daga |
20650 |
|
Khimji Bhai Gangani |
10500 |
|
Pinki Daga |
18850 |
|
Sarita Daga |
26100 |
|
Rashilaben Gangani |
10350 |
|
Damjibhai Gangani |
15050 |
|
Bhavikaben Patel |
15350 |
|
Mahendra Kumar Patel |
10000 |
|
Praffula Patel |
15350 |
|
Dahiben Patel |
18056 |
|
Jayaben Gangani |
13400 |
|
Neha Daga |
10850 |
|
Seema Daga |
11250 |
|
Jayesh Gangani |
18450 |
|
Ashok Kumar Gangani |
17250 |
|
Ravi Khandelwal |
17919 |
|
Anil Kumar Patel |
5000 |
|
Deepak Khandelwal |
3750 |
|
Mahendra Patel |
6250 |
|
Naresh Patel |
5000 |
|
Navin Patel |
5000 |
|
Manilal Patel |
6669 |
|
Nilesh Gangani |
6865 |
|
Premjibhai Gangani |
6866 |
|
|
|
|
Total
|
433375 |
Equity Share Break up (Percentage of Total Equity)
AS ON 21.07.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
94.39 |
|
Promoters (Body corporate) |
5.61 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Paper. [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
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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 : |
|
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Auditors : |
|
|
Name : |
Surendra K. Sharma and Company Chartered Accountants |
|
Address : |
201/451, Textile Market, Ring Road, Surat – 395002, Gujarat, India |
|
PAN No.: |
AQZPS9047C |
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|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their
relatives: |
|
CAPITAL STRUCTURE
AS ON 21.07.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 10/- each |
INR 5.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
433375 |
Equity Shares |
INR 10/- each |
INR 4.334 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 |
4.334 |
4.334 |
4.334 |
|
(b) Reserves &
Surplus |
361.438 |
280.924 |
241.430 |
|
(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) |
365.772 |
285.258 |
245.764 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
184.845 |
213.260 |
248.356 |
|
(b) Deferred tax liabilities
(Net) |
12.502 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
3.092 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
200.439 |
213.260 |
248.356 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
188.578 |
169.073 |
163.202 |
|
(b) Trade payables |
169.966 |
153.475 |
128.084 |
|
(c) Other current
liabilities |
0.800 |
0.407 |
0.250 |
|
(d) Short-term provisions |
31.984 |
14.186 |
11.023 |
|
Total Current Liabilities
(4) |
391.328 |
337.141 |
302.559 |
|
|
|
|
|
|
TOTAL |
957.539 |
835.659 |
796.679 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
350.538 |
345.738 |
361.579 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
1.714 |
7.883 |
8.664 |
|
(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 |
5.503 |
2.962 |
6.319 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
357.755 |
356.583 |
376.562 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
157.096 |
171.882 |
195.333 |
|
(c) Trade receivables |
388.556 |
254.337 |
176.019 |
|
(d) Cash and cash
equivalents |
21.310 |
21.522 |
18.658 |
|
(e) Short-term loans and
advances |
32.822 |
31.335 |
30.107 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
599.784 |
479.076 |
420.117 |
|
|
|
|
|
|
TOTAL |
957.539 |
835.659 |
796.679 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1353.626 |
1123.069 |
1053.653 |
|
|
Other Income |
0.934 |
1.711 |
1.223 |
|
|
TOTAL |
1354.560 |
1124.780 |
1054.876 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
821.332 |
702.229 |
688.315 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.366 |
23.742 |
(33.691) |
|
|
Employees benefits
expense |
61.016 |
35.821 |
28.065 |
|
|
Other expenses |
255.891 |
218.549 |
230.704 |
|
|
TOTAL |
1138.605 |
980.341 |
913.393 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
215.955 |
144.439 |
141.483 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
46.813 |
53.702 |
57.354 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
169.142 |
90.737 |
84.129 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
49.713 |
41.063 |
45.604 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
119.429 |
49.674 |
38.525 |
|
|
|
|
|
|
|
Less |
TAX |
38.916 |
10.180 |
7.914 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
80.513 |
39.494 |
30.611 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
0.000 |
0.133 |
0.627 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
186.00 |
91.00 |
71.00 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
131.269 |
115.779 |
116.096 |
|
Net cash flows from (used in) operating activity |
58.648 |
51.463 |
51.209 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
104.77 |
82.66 |
60.98 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.48 |
4.42 |
5.99 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
75.53 |
79.77 |
67.92 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.37 |
0.84 |
0.72 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.61 |
0.41 |
0.38 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.60 |
0.66 |
0.69 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.02 |
1.34 |
1.67 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.07 |
1.18 |
1.23 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.96 |
1.24 |
1.51 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
4.61 |
2.69 |
2.47 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
5.95 |
3.52 |
2.91 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
8.41 |
4.73 |
3.84 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
22.01 |
13.85 |
12.46 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.53 |
1.42 |
1.39 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.13 |
0.91 |
0.74 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.38 |
0.34 |
0.31 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
86.16 |
88.22 |
94.96 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.53 |
1.42 |
1.39 |
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 |
4.334 |
4.334 |
4.334 |
|
Reserves & Surplus |
241.430 |
280.924 |
361.438 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
245.764 |
285.258 |
365.772 |
|
|
|
|
|
|
long-term borrowings |
248.356 |
213.260 |
184.845 |
|
Short term borrowings |
163.202 |
169.073 |
188.578 |
|
Current maturities of
long-term debts |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
411.558 |
382.333 |
373.423 |
|
Debt/Equity
ratio |
1.675 |
1.340 |
1.021 |
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 |
1053.653 |
1123.069 |
1353.626 |
|
|
|
6.588 |
20.529 |
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 |
1053.653 |
1123.069 |
1353.626 |
|
Profit |
30.611 |
39.494 |
80.513 |
|
|
2.91% |
3.52% |
5.95% |
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
PERFORMANCE REVIEW, OPERATION
AND PROSPECTS:
The gross revenue from operations and other income for the financial year under review was INR 1353.626 Million as against INR 1123.068 Million for the previous financial year. The profit after tax increased to INR 80.513 Million as compared to INR 39.494 Million for the previous financial year. The company's has achieved robust growth both in terms of top line as well as bottom line due to buoyant economy and hard efforts put in by the management and entire work force.
The Company is well on the way to further growth. The company has good order position on hand and with aggressive marketing strategy, it will further strengthen. The company is also making continuous efforts to improve the quality of products to sustain and grow in the competitive market.
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
17.696 |
16.235 |
|
|
|
|
|
Total |
17.696 |
16.235 |
FIXED ASSETS:
Tangible Assets
· Land
· Building
· Plant and Machinery
· Power Plant
· Electric Installation
· Vehicles (Cars)
· Computer
· Air Conditioner
· Telephone System
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
64.82 |
|
|
1 |
INR 79.94 |
|
Euro |
1 |
INR 90.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
RKI |
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 |
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.