|
|
|
MIRA INFORM REPORT
|
Report No. : |
496532 |
|
Report Date : |
08.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
AVCON TECHNICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2, Vastu Chaya, 326, Navi Peth, Pune – 411030, Maharashtra |
|
Tel. No.: |
91-20-24332066 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
28.07.1994 |
|
|
|
|
Com. Reg. No.: |
11-079912 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909MH1994PTC079912 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
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TIN No.: |
27870017463 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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PAN No.: [Permanent Account No.] |
AABCA4587A |
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|
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|
GSTN : [Goods & Service Tax
Registration No.] |
27AABCA4587A1ZX |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
The company manufacture indigenously developed ready to use flooring
and repair compounds. (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 |
|
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 1994. It is engaged manufacture
indigenously developed ready to use flooring and repair compounds. For the financial year 2017, the company has reported dip in its
revenue by 36.01% as compared to the previous year but has managed to
maintain an average profit margin of 9.95%. The satisfactory financial risk profile of the company is marked by
adequate networth base along with strong debt coverage metrics due to low
debt balance sheet profile. Rating takes into consideration the subject’s healthy Earnings per
share of INR 267.37 against the Face Value of INR 100. 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
|
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. Patil |
|
Designation : |
Accountant |
|
Contact No.: |
91-9326781027 |
|
Date : |
07.03.2018 |
LOCATIONS
|
Registered Office : |
2, Vastu Chaya, 326, Navi Peth, Pune – 411030, Maharashtra, India |
|
Tel. No.: |
91-20-24332066/ 24321966 |
|
Fax No.: |
91-20-24321966 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Ajay Mahadev Singam |
|
Designation : |
Director |
|
Address : |
Flat No. 662, Alankapuri Housing Society, MIT College Road, Rambaug Colony,
Kothrud, Pune-411038, Maharashtra, India |
|
Date of Birth/Age : |
09.10.1964 |
|
Date of Appointment : |
28.07.1994 |
|
Voter ID No.: |
SAO1568617 |
|
DIN No.: |
00406617 |
|
|
|
|
Name : |
Mrs. Anjali Ajay Singam |
|
Designation : |
Director |
|
Address : |
Flat No.A-662, Alankapuri Housing Society, MIT College Road, Rambaug
Colony, Kothrud, Pune-411038, Maharashtra, India |
|
Date of Birth/Age : |
06.01.1969 |
|
Date of Appointment : |
30.09.2011 |
|
Voter ID No.: |
SAO1568609 |
|
DIN No.: |
03182792 |
KEY EXECUTIVES
|
Name : |
Ms. Neha |
|
Designation : |
Admin Department |
|
|
|
|
Name : |
Mr. Mandar |
|
Designation : |
Accountant |
|
|
|
|
Name : |
Mr. Patil |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Ajay Mahadev Singam |
2880 |
57.60 |
|
Anjali Ajay Singam |
2120 |
42.40 |
|
Total |
5000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company manufacture indigenously developed ready to use flooring
and repair compounds. (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 : |
Citi Bank N. A., Onyx Tower, 37/3, North Main Road,
Koregaon Park, Pune-411001, Maharashtra, India |
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Facilities : |
|
|
Auditors : |
|
|
Name : |
ANRK and Associates LLP Chartered Accountants |
|
Address : |
Shriram Apartments, 2nd Floor, 1244-B, Apte Road, Near Apte School,
Deccan Gymkhana, Pune – 411004, Maharashtra, India |
|
Tel. No.: |
91-20-25530144 |
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Fax No.: |
91-20-25530144 |
|
Income-tax
PAN of auditor or auditor's firm : |
AAVFA1342G |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
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|
Partnership firm in which directors are interested company with common
director : |
|
CAPITAL STRUCTURE
As on 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000 |
Equity Shares |
INR 100/- each |
INR 0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000 |
Equity Shares |
INR 100/- each |
INR 0.500 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 |
0.500 |
0.500 |
0.500 |
|
(b) Reserves & Surplus |
43.827 |
42.491 |
27.606 |
|
(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) |
44.327 |
42.991 |
28.106 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2.541 |
5.212 |
0.301 |
|
(b) Deferred tax liabilities
(Net) |
0.589 |
0.472 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.525 |
0.338 |
0.000 |
|
Total
Non-current Liabilities (3) |
3.655 |
6.022 |
0.301 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
17.535 |
16.894 |
19.561 |
|
(b) Trade payables |
11.837 |
10.784 |
13.940 |
|
(c) Other current liabilities |
9.778 |
12.162 |
6.745 |
|
(d) Short-term provisions |
0.100 |
0.086 |
0.452 |
|
Total
Current Liabilities (4) |
39.250 |
39.926 |
40.698 |
|
|
|
|
|
|
TOTAL |
87.232 |
88.939 |
69.105 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
16.690 |
20.203 |
12.026 |
|
(ii) Intangible Assets |
5.446 |
6.808 |
9.078 |
|
(iii) Capital work-in-progress |
2.770 |
2.305 |
1.587 |
|
(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 |
8.014 |
8.067 |
6.762 |
|
(e) Other Non-current assets |
3.606 |
1.086 |
0.948 |
|
Total
Non-Current Assets |
36.526 |
38.469 |
30.401 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
1.004 |
0.000 |
|
(b) Inventories |
6.164 |
10.435 |
4.188 |
|
(c) Trade receivables |
22.910 |
23.349 |
20.402 |
|
(d) Cash and cash equivalents |
1.723 |
3.455 |
3.167 |
|
(e) Short-term loans and
advances |
0.571 |
0.370 |
0.398 |
|
(f) Other current assets |
19.338 |
11.857 |
10.549 |
|
Total
Current Assets |
50.706 |
50.470 |
38.704 |
|
|
|
|
|
|
TOTAL |
87.232 |
88.939 |
69.105 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
95.727 |
149.594 |
50.495 |
|
|
Other Income |
0.476 |
1.240 |
1.521 |
|
|
TOTAL
|
96.203 |
150.834 |
52.016 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
45.979 |
82.303 |
29.404 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
2.557 |
(3.641) |
2.801 |
|
|
Employees benefits expense |
18.628 |
18.219 |
10.782 |
|
|
Other expenses |
19.034 |
29.519 |
12.550 |
|
|
TOTAL |
86.198 |
126.400 |
55.537 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
10.005 |
24.434 |
(3.521) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2.854 |
2.612 |
3.101 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
7.151 |
21.822 |
(6.622) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
4.992 |
4.713 |
4.081 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
2.159 |
17.109 |
(10.703) |
|
|
|
|
|
|
|
Less |
TAX |
0.822 |
2.224 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
1.337 |
14.885 |
(10.703) |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NA |
0.000 |
0.175 |
|
|
TOTAL
EARNINGS |
NA |
0.000 |
0.175 |
|
|
|
|
|
|
|
|
CIF VALUE OF IMPORTS |
2.331 |
7.823 |
0.355 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
267.37 |
2976.9 |
(2249.53) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
1.857 |
1.904 |
0.376 |
|
Cash generated from operations |
5.662 |
12.293 |
6.122 |
|
Net cash flows from (used in) operations |
4.913 |
11.157 |
6.862 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
87.35 |
56.97 |
147.47 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.18 |
6.41 |
2.48 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
93.97 |
47.83 |
173.04 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.62 |
2.34 |
(0.84) |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.40 |
0.83 |
(0.16) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.50 |
0.53 |
0.60 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.49 |
0.56 |
0.72 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.89 |
0.93 |
1.45 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.56 |
0.68 |
0.81 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
3.51 |
9.35 |
(1.14) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
1.40 |
9.95 |
(21.20) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.53 |
16.74 |
(15.49) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
3.02 |
34.62 |
(38.08) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.29 |
1.26 |
0.95 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
1.13 |
1.00 |
0.85 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.51 |
0.48 |
0.41 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
43.87 |
48.02 |
40.48 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.29 |
1.26 |
0.95 |
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 |
0.500 |
0.500 |
0.500 |
|
Reserves & Surplus |
27.606 |
42.491 |
43.827 |
|
Net
worth |
28.106 |
42.991 |
44.327 |
|
|
|
|
|
|
long-term borrowings |
0.301 |
5.212 |
2.541 |
|
Short term borrowings |
19.561 |
16.894 |
17.535 |
|
Current maturities of
long-term debts |
0.376 |
1.904 |
1.857 |
|
Total
borrowings |
20.238 |
24.010 |
21.933 |
|
Debt/Equity
ratio |
0.720 |
0.558 |
0.495 |
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 |
50.495 |
149.594 |
95.727 |
|
|
|
196.255 |
(36.009) |
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 |
50.495 |
149.594 |
95.727 |
|
Profit/(Loss) |
(10.703) |
14.885 |
1.337 |
|
|
(21.20%) |
9.95% |
1.40% |
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 |
Yes |
|
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 |
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 |
NOTE: The registered office of the company has been shifted from “8, Vinamra Omkar Society, Katraj, Kandhava Road, Pune – 411046, Maharashtra, India” to the present address w.e.f. 19.11.2010
BACKGROUND
The company are leaders in the field of high performance concrete floorings,
pavements, structural strengthening of RCC members. With almost two decades of
establishment, the company is now one of the very few companies who has strong
foothold on Greenfield projects as well as repairs and refurbishment of old floors.
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Term loan from directors |
0.001 |
0.816 |
|
Total |
0.001 |
0.816 |
INDEX
OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G55932628 |
100126961 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
30/09/2017 |
- |
- |
5034000.0 |
ONE FORBES, DR. V. B. GANDHI MARG, FORT, MUMBAI MAHARASHTRA 400001 INDIA |
|
2 |
G51250876 |
100084239 |
Axis Bank Limited |
09/03/2017 |
27/07/2017 |
- |
35000000.0 |
CORPORATE BANKING BRANCH, 214-215, CITY MALL,NEAR PUNE UNIVERSITY, GANESH KHIND ROAD PUNE MAHARASHTRA 411007 INDIA |
|
3 |
G43218106 |
10341177 |
CITIBANK N. A. |
03/02/2012 |
15/03/2013 |
21/04/2017 |
37500000.0 |
ONYX TOWER, 37/3, NORTH MAIN ROAD, KOREGAON PARK, PUNE MAHARASHTRA 411001 INDIA |
|
4 |
G43217538 |
10451669 |
CITIBANK N. A. |
03/02/2012 |
07/09/2013 |
21/04/2017 |
37500000.0 |
ONYX TOWER, 37/3, NORTH MAIN ROAD, KOREGAON PARK, PUNE MAHARASHTRA 411001 INDIA |
|
5 |
B38660916 |
10176078 |
BANK OF INDIA |
31/08/2009 |
- |
20/04/2012 |
1900000.0 |
FERGUSSON ROAD BRANCH, FERGUSSON COLLEGE ROAD PUNE MAHARASHTRA 411005 INDIA |
|
6 |
B38659264 |
10064043 |
BANK OF INDIA |
26/07/2007 |
22/01/2010 |
20/04/2012 |
5000000.0 |
FERGUSSON ROAD BRANCH, FERGUSSON COLLEGE ROAD PUNE MAHARASHTRA 411005 INDIA |
|
7 |
B38660064 |
10174048 |
BANK OF INDIA |
10/08/2009 |
- |
20/04/2012 |
3900000.0 |
FERGUSSON ROAD BRANCH, FERGUSSON COLLEGE ROAD PUNE MAHARASHTRA 411005 INDIA |
|
8 |
B38658589 |
10176083 |
BANK OF INDIA |
08/08/2009 |
- |
20/04/2012 |
1000000.0 |
FERGUSSON ROAD BRANCH, FERGUSSON COLLEGE ROAD PUNE MAHARASHTRA 411005 INDIA |
|
9 |
A44692879 |
90092684 |
THE COSMOS CO-OP. BANK LIMITED |
02/07/2004 |
- |
02/09/2008 |
600000.0 |
269/270 ; SHANIWARPETH PUNEGA411030 INDIA |
|
10 |
A44692556 |
90092660 |
THE COSMOS CO-OP. BANK LIMITED |
12/06/2004 |
- |
02/09/2008 |
50000.0 |
269/270 ; SHANIWARPETH PUNEGA411030 INDIA |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Bank Guarantees |
1.329 |
10.738 |
|
C Forms not received |
1.061 |
0.000 |
|
VAT assessment orders |
|
|
|
FY 2011-12 |
1.981 |
0.000 |
|
FY 2012-13 |
1.843 |
0.000 |
FIXED ASSETS
- Freehold Land
- Building
- Plant and Machinery
- Furniture and Fixtures
- Vehicles
- Office Equipments
- Compuetrs
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 |
|
UK Pound |
1 |
INR 80.21 |
|
Euro |
1 |
INR 89.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
JYTK |
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.
·