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MIRA
INFORM REPORT
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Report No. : |
496547 |
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Report Date : |
08.03.2018 |
IDENTIFICATION DETAILS
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Name : |
ALL ARCH INDIA PRIVATE LIMITED (w.e.f. 03.03.2010) |
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Formerly Known
As : |
ALL ARCH TRADING PRIVATE LIMITED |
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Registered Office
: |
G-08, Ground Floor, Suyog Industrial Estate Premise Co-Operative
Society Limited, Next To HCC, L.B.S. Marg, Vikhroli (West), Mumbai – 400083, Maharashtra |
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Tel. No.: |
91- 22-25779397 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of Incorporation
: |
21.02.2005 |
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Com. Reg. No.: |
11-151466 |
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Capital
Investment / Paid-up Capital : |
INR 0.100 Million |
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CIN No.: [Company Identification
No.] |
U51430MH2005PTC151466 |
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IEC No.: [Import-Export Code No.] |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAFCA1376B |
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GSTN : [Goods & Service Tax
Registration No.] |
27AAFCA1376B1Z2 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject
is engaged in the business of Dealing in Architectural Products,
Hardware, Adhesive, etc. [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)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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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 2005 and it is a dealer in
architectural products, hardware and adhesive etc. As per financials of March 2017, the company has registered a growth
of 9.40% in its revenue as compared to previous year’s revenue and has
incurred losses from its operations. 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. Payment terms are reported to be slow but correct. In view of aforesaid, 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.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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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. Rakesh Ghai |
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Designation : |
Managing Director |
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Contact No.: |
91-98220324824 |
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Date : |
07.03.2018 |
91-22-25779397 (RINGING)
LOCATIONS
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Registered Office : |
G-08, Ground Floor, Suyog Industrial Estate Premise Co-Operative
Society Limited, Next To HCC, L.B.S. Marg, Vikhroli (West), Mumbai – 400083, Maharashtra,
India |
|
|
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Tel. No.: |
91- 22-25779397 |
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Mobile No.: |
91-9820324824 (Mr. Rakesh Ghai) |
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Fax No.: |
Not available |
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E-Mail : |
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Website : |
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Locality: |
Commercial |
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Corporate Office : |
502/ Dhamji Shamji Galleria, Above Dmart, LBS Marg, Kanjur Marg (West), Mumbai – 400083, Maharashtra, India |
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Tel. No.: |
91-22-25782328 / 25779916 / 42151822 |
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Shop No. 5, Meher Classic, Survey No. 584/C, Market Yard, Bibewadi, Pune – 411037, Maharashtra, India |
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Tel. No.: |
91-22-24260920 / 842-5885033 |
DIRECTORS
As on 31.03.2017
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Name : |
Mr. Rakesh Sushilkumar Ghai |
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Designation : |
Director |
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Address : |
C-43, Room No.160, Shiv Colony, Ulhasnagar - 421 003, Maharashtra, India |
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Date of Birth/Age : |
28.02.1969 |
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Date of Appointment : |
21.02.2005 |
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DIN No. : |
00051792 |
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Other
Directorship :
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Name : |
Mrs. Priti Rakesh Ghai |
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Designation : |
Director |
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Address : |
C-43, Room No.160, Shiv Colony, Ulhasnagar - 421 003, Maharashtra, India |
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Date of Birth/Age : |
18.07.1973 |
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Date of Appointment : |
21.02.2005 |
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DIN No. : |
00151945 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of
Shareholders |
No. of Shares |
Percentage |
|
Rakesh Sushilkumar Ghai |
6000 |
60.00 |
|
Priti Rakesh Ghai |
4000 |
40.00 |
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Total |
10000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 02.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject
is engaged in the business of Dealing in Architectural Products,
Hardware, Adhesive, etc. [Registered
Activity] |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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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 : |
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Facilities : |
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Auditors : |
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Name : |
R.J. Luthia and Associates Chartered Accountants |
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Address : |
610/611, Parmeshwari Centre, Dalmia Estate, Above Galaxy Motors, Off LBS Marg, Mulund (West), Mumbai – 400080, Maharashtra, India |
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Tel. No.: |
91-22-2564 1553/2569 4989 |
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Fax No.: |
91-22-2592 2236 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAPL1267C |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates : |
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CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
50000 |
Equity Shares |
INR 10/- each |
INR 0.500 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
10000 |
Equity Shares |
INR 10/- each |
INR 0.100 Million |
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FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
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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 |
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(b) Reserves &
Surplus |
33.006 |
34.464 |
33.803 |
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(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
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Total Shareholders’ Funds
(1) + (2) |
33.106 |
34.564 |
33.903 |
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(3) Non-Current
Liabilities |
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(a) long-term borrowings |
1.077 |
7.099 |
3.716 |
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(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 |
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Total Non-current
Liabilities (3) |
1.077 |
7.099 |
3.716 |
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(4) Current Liabilities |
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|
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(a) Short term borrowings |
35.680 |
28.325 |
44.176 |
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(b) Trade payables |
35.497 |
36.369 |
25.192 |
|
(c) Other current
liabilities |
17.371 |
16.315 |
11.898 |
|
(d) Short-term provisions |
3.452 |
3.046 |
2.295 |
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Total Current Liabilities
(4) |
92.000 |
84.055 |
83.561 |
|
|
|
|
|
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TOTAL |
126.183 |
125.718 |
121.180 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
9.189 |
9.827 |
12.299 |
|
(ii) Intangible Assets |
0.013 |
0.021 |
0.034 |
|
(iii) Capital
work-in-progress |
2.662 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.313 |
0.050 |
0.050 |
|
(c) Deferred tax assets
(net) |
1.697 |
1.561 |
1.210 |
|
(d) Long-term Loan and Advances |
1.043 |
1.003 |
0.994 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
14.917 |
12.462 |
14.587 |
|
|
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
40.557 |
37.505 |
31.475 |
|
(c) Trade receivables |
59.057 |
65.004 |
65.251 |
|
(d) Cash and cash
equivalents |
4.904 |
6.166 |
5.049 |
|
(e) Short-term loans and
advances |
5.990 |
3.911 |
4.395 |
|
(f) Other current assets |
0.758 |
0.670 |
0.423 |
|
Total Current Assets |
111.266 |
113.256 |
106.593 |
|
|
|
|
|
|
TOTAL |
126.183 |
125.718 |
121.180 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
247.727 |
273.428 |
233.715 |
|
|
Other Income |
0.561 |
0.680 |
0.737 |
|
|
TOTAL |
248.288 |
274.108 |
234.452 |
|
|
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|
|
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|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
205.206 |
226.984 |
188.074 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(3.052) |
(6.029) |
4.870 |
|
|
Employees benefits
expense |
15.059 |
16.219 |
13.770 |
|
|
Impairment Loss |
0.000 |
0.008 |
5.431 |
|
|
Other expenses |
26.065 |
27.336 |
22.091 |
|
|
TOTAL |
243.278 |
264.518 |
234.236 |
|
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PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
5.010 |
9.590 |
0.216 |
|
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|
|
|
|
Less |
FINANCIAL EXPENSES |
5.097 |
6.451 |
3.030 |
|
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|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
(0.087) |
3.139 |
(2.814) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.506 |
2.163 |
0.065 |
|
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|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(1.593) |
0.976 |
(2.879) |
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Less |
TAX |
(0.136) |
0.316 |
(0.886) |
|
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|
PROFIT/ (LOSS) AFTER TAX
|
(1.457) |
0.660 |
(1.993) |
|
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|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
34.464 |
33.803 |
35.799 |
|
|
|
|
|
|
|
Add |
Provision for Tax FY
2013-14 written off |
0.000 |
0.000 |
(0.001) |
|
Add |
Fringe Benefit Tax FY
2007-08 |
0.000 |
0.000 |
(0.002) |
|
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|
|
|
Balance Carried to the
B/S |
33.007 |
34.463 |
33.803 |
|
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IMPORTS |
|
|
|
|
|
Raw Materials |
13.499 |
5.238 |
5.238 |
|
|
Capital Goods |
0.059 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
13.558 |
5.238 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(145.74) |
66.04 |
(199.28) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
5.784 |
7.194 |
2.121 |
|
Cash generated from operations |
5.493 |
13.915 |
10.085 |
|
Net cash flow from operating activity |
6.721 |
13.241 |
9.108 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
87.01 |
86.77 |
101.90 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.19 |
4.21 |
3.58 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
63.14 |
58.48 |
48.89 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.12 |
0.26 |
0.01 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.42 |
0.97 |
0.02 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.78 |
0.78 |
0.74 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.28 |
1.23 |
1.48 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.78 |
2.43 |
2.46 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.36 |
0.28 |
0.36 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
0.98 |
1.49 |
0.07 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
((PAT / Sales) * 100) |
% |
(0.59) |
0.24 |
(0.85) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(1.15) |
0.52 |
(1.64) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(4.40) |
1.91 |
(5.88) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.21 |
1.35 |
1.28 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.77 |
0.90 |
0.90 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.26 |
0.27 |
0.28 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
425.41 |
426.18 |
500.13 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.21 |
1.35 |
1.28 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
33.803 |
34.464 |
33.006 |
|
Net
worth |
33.903 |
34.564 |
33.106 |
|
|
|
|
|
|
Long Term borrowings |
3.716 |
7.099 |
1.077 |
|
Short Term borrowings |
44.176 |
28.325 |
35.680 |
|
Current Maturities of Long term debt |
2.121 |
7.194 |
5.784 |
|
Total
borrowings |
50.013 |
42.618 |
42.541 |
|
Debt/Equity
ratio |
1.475 |
1.233 |
1.285 |
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
|
233.715 |
273.428 |
247.727 |
|
|
|
16.992 |
(9.400) |
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
|
233.715 |
273.428 |
247.727 |
|
Profit/
(Loss) |
(1.993) |
0.660 |
(1.457) |
|
|
(0.85%) |
0.24% |
(0.59%) |
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 |
Yes |
|
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 |
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 |
BACKGROUND
The Company was incorporated on February 21, 2005. Name of the company has been changed to All Arch India Private Limited with effect from February 2, 2010. The Company is principally engaged in the business of dealing in Architectural Products, Hardware, Adhesive, etc.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
HDFC Bank Limited ‐ Business Loan No.
30619276 (The Loan is repayable in 36 Equal Monthly Installments and Rate of Interest is ranging between 14% and 18%) |
0.000 |
1.185 |
|
ICICI Bank Loan ‐
Personal Loan No. 00033347999 (The Loan is repayable in 36 Equal Monthly Installments and Rate of Interest is ranging between 14% and 17%) |
0.604 |
1.678 |
|
Indusind Bank
Limited ‐
Business Loan No. 706000023468 (The Loan is repayable in 24 Monthly Installments and Rate of Interest is ranging between 17% and 20%) |
0.000 |
0.474 |
|
Capital First
Limited‐
Business Loan No. 3909335 (The Loan is repayable in 36 Monthly Installments and Rate of Interest is ranging between 18% and 21%) |
0.473 |
1.531 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Loans and Advances from Related Parties |
6.069 |
1.661 |
|
|
|
|
|
Total |
7.146 |
6.529 |
INDEX OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G38425112 |
10282922 |
Indian Overseas Bank |
02/04/2011 |
16/02/2017 |
- |
34000000.0 |
KALBADEVI ROAD BRANCH, CHUNILAL MEHTA CHAMBERS15/17 OVALWADI- VITHALWADI, KALBADEVI ROADMUMBAIMH400002IN |
|
2 |
G40439309 |
10397862 |
INDIAN OVERSEAS BANK |
15/06/2011 |
- |
17/03/2017 |
443000.0 |
KALBADEVI ROAD BRANCH, CHUNILAL MEHTA CHAMBERS15/17 OVALWADI- VITHALWADI, KALBADEVI ROADMUMBAIMH400002IN |
|
3 |
G35802941 |
80007176 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
25/06/2005 |
15/04/2008 |
14/02/2017 |
3700000.0 |
VIKHROLI (WEST) BRANCHCHANDAN MANSION, VIKHROLIMUMBAIMH400083IN |
|
4 |
C65463432 |
10237829 |
The Saraswat Co-operative Bank Ltd. |
31/08/2010 |
- |
23/09/2015 |
2500000.0 |
Small and Medium Enterprises Branch,Prabhat BhavanBlock B, 1st floor, 96, L B S Marg, Vikhroli (w)MUMBAIMH400083IN |
|
5 |
C65464570 |
10257882 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
06/12/2010 |
- |
23/09/2015 |
2500000.0 |
SMALL AND MEDIUM ENTERPRISES BRANCH,PRABHAT BHAVANBLOCK B, 96 L.B.S.MARG, OPP.CIPLA, VIKHROLI (WEST)MUMBAIMH400083IN |
|
6 |
C65462574 |
10305260 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
29/07/2011 |
- |
23/09/2015 |
9800000.0 |
SMALL AND MEDIUM ENTERPRISE BRANCH,PRABHAT BHAVAN, 96, LBS MARG, VIKHROLI (WEST),MUMBAIMH400083IN |
|
7 |
B32264350 |
80006898 |
The Saraswat Co-operative Bank Limited |
24/05/2005 |
16/04/2010 |
11/02/2012 |
10000000.0 |
Small and Medium Enterprises Branch, PrabhatBhavan, LBS Marg, Opp. Cipla, Vikhroli (W)MumbaiMH400083IN |
FIXED ASSETS
- Air Conditioner
- Vacuum Cleaner
- Water Cooler
- Biometric Attendance System
- Camera
- Drum Lifting Trolley
- Electric Water Motor
- Electrical Installations
- EPABX System
- Fax Machine
- Fire Extinguisher
- Graco Hydramate 2 Part Pump
- Invertor
- Microwave Oven
- Mobile Phone
- Refrigerator
- Television
- UPS System
- Computers and Printer
- Motor Car
- Furniture and Fixtures
- Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service, Interpol,
etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 64.99 |
|
|
1 |
INR 89.91 |
|
Euro |
1 |
INR 80.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
SWT |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
KJL |
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.