|
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|
MIRA INFORM REPORT
|
Report No. : |
496120 |
|
Report Date : |
07.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
MEGA NETWORKS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
507-508, 5th Floor, Corporate Centre, Nirmal Life Styles,
L.B.S. Marg, Mulund (West), Mumbai – 400080, Maharashtra |
|
Tel. No.: |
91-22-25628285 |
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|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2016 |
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|
|
|
Date of
Incorporation : |
11.08.1997 |
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|
|
|
Com. Reg. No.: |
11-109984 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 9.540
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200MH1997PTC109984 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0397067771 |
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|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
PAN No.: [Permanent Account No.] |
AAACM9782E |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Dealer of computers accessories, peripherals and networking systems.
[Registered Activity] |
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|
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 |
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|
|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1997 and it is a dealer of
computers accessories, peripherals and networking systems. Management has failed to file its latest financials with Government
Registry. As per available financials of March 2016, the company has registered
a growth of 74.65% in its revenue as compared to its previous year’s revenue
and has reported average profit margin of 1.08%. Rating take into consideration the company’s established track record
of business operations marked by sound networth base along with low solvency
indicators and decent liquidity position. Payments seems to be slow but 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.
EXTERNAL AGENCY RATING
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 07.03.2018
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. Kanchan |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-41558282 |
|
Date : |
06.03.2018 |
91-22-41558250 - Continuously Ringing
LOCATIONS
|
Registered Office : |
507-508, 5th Floor, Corporate Centre, Nirmal Life Styles,
L.B.S. Marg, Mulund (West), Mumbai – 400080, Maharashtra, India |
|
Tel. No.: |
91-22-41558282 / 41558250-99 |
|
Fax No.: |
91-22-41558285 |
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E-Mail : |
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Website : |
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Branch Offices :
|
Located at: · Pune · Hyderabad · New Delhi ·
Bangalore |
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|
Warehouse: |
Located at: ·
Bhiwandi |
DIRECTORS
AS ON 31.03.2016
|
Name : |
Mr. Amrish Dulraj Pipada |
|
Designation : |
Director |
|
Address : |
C/26, Indraprastha CHS Limited, Sarvodaya Nagar, Jain Mandir Road,
Mulund (West), Mumbai – 400080, Maharashtra, India |
|
Date of Birth/Age : |
28.08.1967 |
|
Date of Appointment : |
11.08.1997 |
|
DIN No.: |
00749838 |
|
|
|
|
Name : |
Mrs. Sangeeta Amrish Pipada |
|
Designation : |
Director |
|
Address : |
C/26, Indraprastha CHS Limited, Sarvodaya Nagar, Jain Mandir Road,
Mulund (West), Mumbai – 400080, Maharashtra, India |
|
Date of Birth/Age : |
05.10.1971 |
|
Date of Appointment : |
11.08.1997 |
|
DIN No.: |
02454414 |
|
|
|
|
Name : |
Mr. Shreyans Amrish Pipada |
|
Designation : |
Director |
|
Address : |
C-26, 9th Floor, Indraprastha C. L. Karia Marg, Sarvoday
Nagar, Mulund (West), Mumbai – 400080,
Maharashtra, India |
|
Date of Appointment : |
30.09.2016 |
|
DIN No.: |
06793605 |
KEY EXECUTIVES
|
Name : |
Ms. Kanchan |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Amrish Dulraj Pipada |
468000 |
49.06 |
|
Sangeeta Amrish Pipada |
468000 |
49.06 |
|
Hingora Invest Private Limited, India |
6000 |
0.63 |
|
Clifton Securities Private Limited, India |
5000 |
0.52 |
|
Oshin Investment and Finance Private Limited, India |
7000 |
0.73 |
|
Total |
954000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2016
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
98.11 |
|
Promoters [Bodies
corporate] |
1.89 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer of Computers Accessories, Peripherals and Networking 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
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
·
HDFC Bank ·
IndusInd Bank |
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||||||||||||||||||||||||
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Facilities : |
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Auditors : |
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|
Name : |
Harish Hegde and Company Chartered Accountants |
|
Address : |
D-211, Ghatkoper Industrial Estate, Behind R-City Mall, Off LBS Marg,
Ghatkopar [West], Mumbai – 400086, Maharashtra, India |
|
Tel. No.: |
91-22-25007600 |
|
E-Mail : |
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|
PAN No.: |
AAAPH4277N |
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|
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
|
|
Related Parties [AS ON 2016] : |
· Mega Infosolutions · Mega Infosolutions Private Limited · Fusionstor Technologies Private Limited · Meganet Technologies INC. |
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 |
|
|
|
|
|
|
954000 |
Equity Shares |
INR 10/- each |
INR 9.540 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 |
9.540 |
9.540 |
9.540 |
|
(b) Reserves & Surplus |
15.708 |
13.514 |
12.611 |
|
(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) |
25.248 |
23.054 |
22.151 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
2.410 |
13.696 |
0.262 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
2.410 |
13.696 |
0.262 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
13.004 |
13.707 |
7.193 |
|
(c) Other current
liabilities |
18.996 |
18.546 |
21.241 |
|
(d) Short-term
provisions |
8.905 |
6.316 |
5.368 |
|
Total Current
Liabilities (4) |
40.905 |
38.569 |
33.802 |
|
|
|
|
|
|
TOTAL |
68.563 |
75.319 |
56.215 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
5.662 |
3.603 |
4.373 |
|
(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 |
0.260 |
0.253 |
0.253 |
|
(c) Deferred tax assets (net) |
0.754 |
0.311 |
0.216 |
|
(d)
Long-term Loan and Advances |
0.715 |
11.495 |
0.966 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
7.391 |
15.662 |
5.808 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
31.954 |
20.486 |
16.274 |
|
(c) Trade receivables |
20.398 |
31.995 |
27.783 |
|
(d) Cash
and cash equivalents |
1.547 |
1.360 |
1.418 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other
current assets |
7.273 |
5.816 |
4.932 |
|
Total
Current Assets |
61.172 |
59.657 |
50.407 |
|
|
|
|
|
|
TOTAL |
68.563 |
75.319 |
56.215 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
205.323 |
117.561 |
87.115 |
|
|
|
|
Other Income |
1.749 |
1.061 |
1.964 |
|
|
|
|
TOTAL |
207.072 |
118.622 |
89.079 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
170.257 |
89.900 |
64.336 |
|
|
|
|
Employee Benefits Expenses |
18.992 |
15.741 |
11.715 |
|
|
|
|
Other Expenses |
8.815 |
5.854 |
7.534 |
|
|
|
|
TOTAL |
198.064 |
111.495 |
83.585 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
9.008 |
7.127 |
5.494 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES |
3.239 |
3.711 |
2.459 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
5.769 |
3.416 |
3.035 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION |
2.540 |
0.776 |
0.630 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
3.229 |
2.640 |
2.405 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
1.006 |
0.900 |
0.758 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
2.223 |
1.740 |
1.647 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Export of Goods |
1.252 |
1.217 |
2.283 |
|
|
|
|
Service Charges |
0.000 |
0.000 |
0.129 |
|
|
|
|
Contract Charges |
0.000 |
0.000 |
0.121 |
|
|
|
TOTAL EARNINGS |
1.252 |
1.217 |
2.533 |
||
|
|
|
|
|
|
||
|
|
Earnings / (Loss)
Per Share (INR) |
2.33 |
1.82 |
1.73 |
||
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 |
7.995 |
1.415 |
NA |
|
Net cash from operating activities |
6.546 |
0.420 |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
36.26 |
99.34 |
116.41 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
10.07 |
3.67 |
3.14 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
27.88 |
55.65 |
40.81 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.28 |
0.35 |
0.34 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.59 |
1.98 |
1.26 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.63 |
0.69 |
0.61 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.10 |
0.59 |
0.01 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.62 |
1.67 |
1.53 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.22 |
0.16 |
0.20 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.78 |
1.92 |
2.23 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
1.08 |
1.48 |
1.89 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.24 |
2.31 |
2.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
8.80 |
7.55 |
7.44 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.50 |
1.55 |
1.49 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.71 |
1.02 |
1.01 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.37 |
0.31 |
0.39 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.25 |
1.44 |
0.03 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.50 |
1.55 |
1.49 |
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 |
9.540 |
9.540 |
9.540 |
|
Reserves & Surplus |
12.611 |
13.514 |
15.708 |
|
Net
worth |
22.151 |
23.054 |
25.248 |
|
|
|
|
|
|
Long Term borrowings |
0.262 |
13.696 |
2.410 |
|
Short Term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.262 |
13.696 |
2.410 |
|
Debt/Equity
ratio |
0.012 |
0.594 |
0.095 |
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
|
87.115 |
117.561 |
205.323 |
|
|
|
34.949 |
74.652 |
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
|
87.115 |
117.561 |
205.323 |
|
Profit/(Loss) |
1.647 |
1.740 |
2.223 |
|
|
1.89% |
1.48% |
1.08% |
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 |
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 |
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 |
FINANCIAL HIGHLIGHTS
AND OPERATION [AS ON 2016]
The revenue of the company is INR 207.072 million in the current year as
compared to INR 118.622 million in the previous year. The net profit for the
period amounted to INR 2.223 million in the current year as compared INR 1.740
million in the previous year.
INDUSTRY SCENARIO
AND STATE OF COMPANY’S AFFAIRS [AS ON 2016]
The company was incorporated as a private limited company, primarily
dealing in computers, accessories, peripherals and networking system, having registered
office at 507-508, 5th Floor, Corporate Centre, Nirmal Life
Styles, L.B.S. Marg, Mulund (West), Mumbai – 400080, Maharashtra, India
UNSECURED LOANS:
|
PARTICULARS |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans from directors |
|
|
|
Amrish Pipada |
0.000 |
0.000 |
|
Sangeeta A.
Pipada |
0.000 |
0.154 |
|
|
|
|
|
Total |
0.000 |
0.154 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G76407717 |
10311729 |
KOTAK MAHINDRA BANK LIMITED |
25/08/2011 |
25/01/2018 |
- |
42500000.0 |
27BKC, C 27, G BLOCKBANDRA KURLA COMPLEX, BANDRA (E), MUMBAI MA400051IN |
|
2 |
G37542172 |
10553783 |
ING VYSYA BANK LIMITED |
10/06/2014 |
- |
06/02/2017 |
15000000.0 |
UNIT NO 2/3/4, MARATHON MAX BUILDING, OPP. NIRMAL-LIFESTYLE, MULUND GOREGOAN LINK ROAD, MULUND MUMBAI MH400080IN |
|
3 |
B59584722 |
10153889 |
THE THANE JANATA SAHAKARI BANK LIMITED |
01/10/2008 |
- |
11/10/2012 |
775000.0 |
DEEN DAYAL BHAVAN, JAMBLI NAKA, THANE BRANCH OFFICE AT MULUND THANE MH400601IN |
|
4 |
B59997486 |
90142698 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
24/01/2000 |
- |
27/09/2012 |
506688.0 |
NETWORK SERVICE CENTRESUDAM KULU AHRIRE MARG; WORLI MUMBAI MH400025IN |
|
5 |
B43982032 |
90149541 |
ICICI BANK LTD |
29/06/2004 |
- |
16/07/2012 |
2000000.0 |
ICICI BANK TOWERSBANDRA KURLA COMPLEX MUMBAIMH400051IN |
|
6 |
B43977651 |
80035865 |
ICICI BANK LIMITED |
29/06/2004 |
- |
16/07/2012 |
2000000.0 |
ICICI BANK TOWERSBANDRA KURLA COMPLEXMUMBAIMH400051IN |
|
7 |
B22868855 |
10138946 |
PUNJAB NATIONAL BANK |
02/01/2009 |
- |
14/10/2011 |
35000000.0 |
MIDCORPORATE BRANCH, BRANDY HOUSE, V.N. ROAD, FORT MUMBAI MH400023IN |
|
8 |
B22827935 |
10138941 |
PUNJAB NATIONAL BANK |
02/01/2009 |
- |
14/10/2011 |
20000000.0 |
MIDCORPORATE BRANCH, BRANDY HOUSE, V.N.ROAD, FORT MUMBAI MH400023IN |
|
9 |
A56331309 |
90143381 |
THE BANK OF RAJASTHAN LIMITED |
24/04/2001 |
11/12/2006 |
24/01/2009 |
7500000.0 |
29TH ROAD, GOLDEN CORNER, PALI HILL ROAD BANDRA (W), MUMBAI MH400058IN |
FIXED ASSETS:
·
Air Conditioner
·
Digital Camera
·
Office Equipment
·
Refrigerator
·
Tea Making Machine
·
UPS – Invertor
·
Computers and Softwares
·
Office Premises
·
Furniture and Fixtures
·
Mobile Instrument
·
Motor 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 89.70 |
|
Euro |
1 |
INR 80.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
VVK |
|
|
|
|
Report Prepared
by : |
NKT |
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.