|
|
|
MIRA INFORM REPORT
|
Report No. : |
495485 |
|
Report Date : |
08.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
HANEDA CONSULTANTS AND AGENCIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No.1, First Main Road, Ground Floor Karpagam Garden, Adyar
Chennai – 600020, Tamilnadu |
|
Tel. No.: |
91-44-24919729 |
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|
|
|
Country : |
India |
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|
Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
26.05.1980 |
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|
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Com. Reg. No.: |
18-008278 |
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Capital
Investment / Paid-up Capital : |
INR 0.100 Million |
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CIN No.: [Company Identification
No.] |
U74140TN1980PTC008278 |
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|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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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.] |
Not Divulged |
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|
Legal Form : |
Private Limited Liability Company |
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|
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|
Line of Business
: |
The
company is engaged in the business of manpower recruitment agency.
(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 : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1980 and it is engaged in
business of manpower recruitment agency. Management has failed to file financials after FY 2013 with government
registry. As per available financials of march 2013, the company has registered
decline in its revenue and has reported losses. Rating takes into consideration the company’s continues losses from
its business operations which has led to erosion of net worth and weak
financial risk profile. Rating is further constrained on account of company’s absence of
latest financial information to evaluate risks associated with company. Payments seems to be unknown. In view of aforesaid, the company can be considered for business
dealings at fully safe and secured trade terms and conditions. |
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 08.03.2018
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. Shrinivasan |
|
Designation : |
Chartered Accountant |
|
Contact No.: |
91-9444032814 |
|
Date : |
06.03.2018 |
Management Non-Cooperative (91-44-24919729)
LOCATIONS
|
Registered Office : |
No.1, First Main Road, Ground Floor Karpagam Garden, Adyar
Chennai – 600020, Tamilnadu |
|
Tel. No.: |
91-44-24919729 |
|
Mobile No.: |
91-9444032814 (Mr. Shrinivasan) |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Saminathan John De Britto Raj |
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|
Designation : |
Managing Director |
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|
Address : |
Haneda House New # 22, Old # 82 West, Madha Church Street,
Royapuram, Chennai – 600013, Tamilnadu, India |
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Date of Appointment : |
26.05.1980 |
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DIN No.: |
00346190 |
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Other Directorship:
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|
||||||||
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Name : |
Mr. Rather Krisnan Muniandy |
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|
Designation : |
Director |
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|
Address : |
2 Jalan S S, 18/4e 47500 Subang, Jaya Selangor 47500 My |
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Date of Appointment : |
26.05.1980 |
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DIN No.: |
01957276 |
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Other Directorship:
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||||||||
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Name : |
Mr. Aantonny Vijayy Raaj John De Britto Raj |
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Designation : |
Director |
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|
Address : |
Haneeda House 82, West Madha Church Street, Royapuram,
Chennai – 600013, Tamilnadu, India |
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Date of Birth/Age : |
26.10.1982 |
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Date of Appointment : |
01.04.2010 |
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DIN No.: |
03014522 |
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Other Directorship:
|
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||||||||
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Name : |
Mr. Antoinete Josephine Reena Raj |
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|
Designation : |
Director |
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|
Address : |
Haneda House 82, West Madha Church St, Royapuram, Chennai
– 600013, Tamilnadu, India |
||||||||
|
Date of Birth/Age : |
23.10.1979 |
||||||||
|
Date of Appointment : |
01/04/2010 |
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DIN No.: |
03014529 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Shrinivasan |
|
Designation : |
Chartered Accountant |
MAJOR SHAREHOLDERS
Equity Share Break up (Percentage of Total Equity)
AS ON 01.07.2007
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The
company is engaged in the business of manpower recruitment agency.
(Registered Activity) |
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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 : |
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Auditors : |
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|
Name : |
Price Patt and Company Chartered Accountants |
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Address : |
No 44, (Old No 108), P S Sivasamy Salai Ii, Street Mylapore, Chennai –
600004, Tamilnadu, India |
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Tel. No.: |
91-44-24996708/2499/3234/2466/1485 |
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Fax No.: |
91-44-24990012 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFP0878K |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500 |
Equity Shares |
INR 100/- each |
INR 0.250 Million |
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|
|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000 |
Equity Shares |
INR 100/- each |
INR 0.100 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
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I.
EQUITY AND LIABILITIES |
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|
|
|
(1)Shareholders' Funds |
|
|
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|
(a) Share Capital |
0.100 |
0.100 |
0.100 |
|
(b) Reserves &
Surplus |
(1.001) |
(0.948) |
(0.842) |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.210 |
0.210 |
0.150 |
|
Total Shareholders’ Funds
(1) + (2) |
(0.691) |
(0.638) |
(0.592) |
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(3) Non-Current
Liabilities |
|
|
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|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.218 |
0.222 |
2.002 |
|
(b) Trade payables |
1.096 |
1.491 |
0.534 |
|
(c) Other current
liabilities |
1.493 |
1.447 |
6.272 |
|
(d) Short-term provisions |
0.010 |
0.044 |
0.053 |
|
Total Current Liabilities
(4) |
2.817 |
3.204 |
8.861 |
|
|
|
|
|
|
TOTAL |
2.126 |
2.566 |
8.269 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
0.631 |
0.813 |
1.028 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.027 |
0.018 |
0.028 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.018 |
0.018 |
0.018 |
|
Total Non-Current Assets |
0.676 |
0.849 |
1.074 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
0.351 |
0.268 |
0.267 |
|
(d) Cash and cash
equivalents |
1.053 |
0.839 |
2.911 |
|
(e) Short-term loans and
advances |
0.046 |
0.610 |
4.017 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
1.450 |
1.717 |
7.195 |
|
|
|
|
|
|
TOTAL |
2.126 |
2.566 |
8.269 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
NA |
NA |
NA |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
NA |
NA |
NA |
|
|
Purchases of
Stock-in-Trade |
NA |
NA |
NA |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
NA |
NA |
NA |
|
|
Employees benefits
expense |
NA |
NA |
NA |
|
|
Other expenses |
NA |
NA |
NA |
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
0.121 |
0.167 |
0.168 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.000 |
0.014 |
0.050 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
0.121 |
0.153 |
0.118 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.181 |
0.248 |
0.330 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(0.060) |
(0.095) |
(0.212) |
|
|
|
|
|
|
|
Less |
TAX |
(0.008) |
0.010 |
(0.055) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(0.052) |
(0.105) |
(0.157) |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
(0.948) |
(0.842) |
(0.685) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(94.80) |
(84.20) |
(68.50) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
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 |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.19 |
0.21 |
0.16 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
1.33 |
1.25 |
1.07 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
(0.32) |
(0.35) |
(3.38) |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
(4.08) |
(5.02) |
(14.97) |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
(0.91) |
(1.27) |
(1.74) |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.00 |
11.93 |
3.36 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(2.45) |
(4.09) |
(1.90) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
7.53 |
16.46 |
26.52 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.51 |
0.54 |
0.81 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.51 |
0.54 |
0.81 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
(0.33) |
(0.25) |
(0.07) |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
2.18 |
2.22 |
20.02 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.51 |
0.54 |
0.81 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
(0.842) |
(0.948) |
(1.001) |
|
Share Application money
pending allotment |
0.150 |
0.210 |
0.210 |
|
Net worth |
(0.592) |
(0.638) |
(0.691) |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
2.002 |
0.222 |
0.218 |
|
Total borrowings |
2.002 |
0.222 |
0.218 |
|
Debt/Equity ratio |
(3.382) |
(0.348) |
(0.315) |
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 |
No |
|
21 |
Banking facility details |
No |
|
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 |
No |
|
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2013 INR In Million |
31.03.2012 INR In Million |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and
advances from related parties |
0.218 |
0.222 |
|
Total |
0.218 |
0.222 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF
MODIFICATION |
DATE OF
SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
Y10422489 |
90299562 |
INDIAN OVERSEAS BANK |
04/09/1985 |
- |
- |
63000.0 |
MYLAPORE BRANCHMADRASTN600004IN |
FIXED ASSETS:
- Air conditioner
- Furniture
- Refrigerators
- Vacuum cleaner
- Type writer
- Fax machine
- Aqua guard
- Computer
- Caller identifier
- TVS moped
- Cycle
- Locker
- Xerox machine
- 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 64.96 |
|
|
1 |
INR 90.33 |
|
Euro |
1 |
INR 80.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRI |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
NKTS |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.