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MIRA INFORM REPORT
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Report No. : |
494227 |
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Report Date : |
08.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
PABITRA PATRA |
|
|
|
|
Registered
Office : |
17/2, Raj Ballav Saha Lane, Howrah – 711 101, West Bengal |
|
Mobile No.: |
91-9831002944 (Mr. Pabitra Ashish Patra) |
|
Website: |
Not Available |
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Country : |
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Financials (as
on) : |
31.03.2017 |
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Year of
Establishment : |
01.11.2001 |
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|
|
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Capital
Investment / Paid-up Capital : |
INR 28.192 Lacs |
|
|
|
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IEC No.: |
Not Applicable |
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GSTIN/UIN: |
19AINPP4016A1ZF |
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|
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TIN No.: |
Not Available |
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|
|
PAN No.: [Permanent Account No.] |
AINPP4016A |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALP14635F |
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SSI
Reg. No.: |
-- |
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|
|
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Shop &
Establishment Certificate No.: |
-- |
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|
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Udyog Aadhaar
No.: |
-- |
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|
|
Legal Form : |
Sole Proprietary Concern |
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Line of Business
: |
Provides job work services to Turtle Limited. |
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No. of Employees
: |
550 (Approximately) |
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 : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Pabitra Patra is a proprietary concern established in the year 2001. The concern provides job work services to Turtle Limited. As per the financial records of 2017, the company has achieved 5.66% growth in its revenue as compared to the previous year’s revenue and has reported an average profitability margin of 1.78%. The satisfactory financial position of the concern is marked by sufficient capital base along with low debt balance sheet profile. Business is active. Payment seems to be usually correct. In view of aforesaid, the concern can be considered for business dealings at usual trade terms and condition. NOTE 1: The subject is located at 17/2, Raj Ballabh Saha lane, Howrah- 711101 but the subject does its job work from Turtle Limited’s premises i.e. 105, Cowies Ghat Road, Shibpur, Howrah, 711102. Site visit was conducted on both the addresses. NOTE 2: Site visit was conducted at the address- 105, Cowies Ghat Road, Shibpur, Howrah, 711102 and our executive has successfully traced the subject on the said address. At the premises our executive met Mr. Mr. Pabitra Ashish Patra (Proprietor) and he provided hard copy of all the documents. Our executive inquired with the neighbours Mr. Firoz and Mr. Salim and they both are aware about the Turtle Limited. As per our executive’s observation, it is a shed type premises. Location was easy to find. Locality appears to be residential. Area seems to be neutral. Level of operation is medium. Area of premises is 9500 (sq. ft.). Approx. 260 employees were sighted at the premises. Name board of the subject was sighted at the premises. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
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 PARTED BY
|
Name : |
Mr. Pabitra Ashish Patra |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9831002944 |
|
Date : |
27.02.2018 |
LOCATIONS
|
Registered Office : |
17/2, Raj Ballav Saha Lane, Howrah – 711 101, West Bengal, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9831002944 (Mr. Pabitra Ashish Patra) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area: |
9500 Sq. Ft (As per Site Visit) |
|
Locality: |
Residential (As per Site Visit) |
SOLE PROPRIETOR
|
Name : |
Mr. Pabitra Ashish Patra |
|
Designation : |
Proprietor |
|
Address : |
Radhapur, Purba Medinipur – 721626, West Bengal, India |
|
Date of Birth/Age : |
14.10.1972 |
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Aadhar Card No.: |
5476 2405 0430 |
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PAN No.: |
AINPP4016A |
BUSINESS DETAILS
|
Line of Business : |
Provides job work services to Turtle Limited. |
|
|
|
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Local: Cheque |
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Purchasing : |
Local: Cheque |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Manufacturer
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No. of Employees : |
550 (Approximately) |
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Bankers : |
|
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Auditors : |
|
|
Name : |
V Kejariwal and Company Chartered Accountants |
|
Address : |
HMP House, 4th Floor, Room 4314, Fairlie Place, Kolkata – 700001,
West Bengal, India |
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Mobile No.: |
91-9830169040 |
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Email: |
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Membership No.: |
053476 |
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Collaborators : |
Not Available |
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Membership : |
Not Available |
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|
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Sister Concern : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2017
|
PROPRIETORS
CAPITAL |
INR IN MILLION |
|
|
|
|
|
|
Opening
Balance |
|
24.531 |
|
Add:
Introduced During the year |
|
0.000 |
|
Add:
Profit During the year |
|
9.713 |
|
|
|
34.244 |
|
|
|
|
|
Less:
Drawings |
3.660 |
|
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Interest on Housing Loan |
1.417 |
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I.Tax |
0.386 |
|
|
L.I.C Premium |
0.164 |
|
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Tuition Fees |
0.317 |
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Mediclaim |
0.108 |
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|
|
|
|
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Total
|
|
28.192 |
FINANCIAL DATA
[all figures are
INR Lacs]
Note: Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
EQUITY
AND LIABILITIES |
|
|
|
|
|
1] Proprietors Capital |
|
28.192 |
24.532 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
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4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
28.192 |
24.532 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
14.154 |
15.592 |
|
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2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
14.154 |
15.592 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
|
42.346 |
40.124 |
|
|
|
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APPLICATION OF FUNDS |
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|
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|
|
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FIXED ASSETS [Net Block] |
|
24.933 |
24.303 |
|
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Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
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INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000 |
0.000 |
|
|
Sundry Debtors |
|
72.050 |
37.363 |
|
|
Cash & Bank Balances |
|
3.856 |
2.649 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
11.988 |
11.078 |
|
Total
Current Assets |
|
87.894
|
51.090
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
62.981 |
27.997 |
|
|
Other Current Liabilities & Provisions |
|
7.500 |
7.272 |
|
Total
Current Liabilities |
|
70.481
|
35.269
|
|
|
Net Current Assets |
|
17.413 |
15.821 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
42.346 |
40.124 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Labour Charges Received |
|
545.649 |
516.420 |
|
|
Miscellaneous Income |
|
0.877 |
0.585 |
|
|
TOTAL |
|
546.526 |
517.005 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Wages paid and others
related expenses |
|
526.829 |
489.501 |
|
|
Other expenses |
|
9.641 |
18.912 |
|
|
TOTAL |
|
536.470 |
508.413 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
10.056 |
8.592 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
0.111 |
0.016 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
|
9.945 |
8.576 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.232 |
0.000 |
|
|
|
|
|
|
|
|
NET PROFIT |
|
9.713 |
8.576 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
|
48.20 |
26.41 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
|
7.57 |
13.82 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
|
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
|
0.40 |
0.35 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
|
0.75 |
0.67 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
|
0.50 |
0.64 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
|
2.50 |
1.44 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
|
0.88 |
0.99 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
|
90.59 |
537.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
|
1.78 |
1.66 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
|
8.61 |
11.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
|
34.45 |
34.96 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
|
Current Ratio (Current
Assets / Current Liabilities) |
|
1.25 |
1.45 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
|
1.25 |
1.45 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
|
0.25 |
0.33 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
|
0.50 |
0.64 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
|
1.25 |
1.45 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Lacs]
DEBT EQUITY RATIO
|
Particular |
31.03.2016 |
31.03.2017 |
|
|
INR In Lacs |
INR In Lacs |
|
Proprietors Capital |
24.532 |
28.192 |
|
Reserves & Surplus |
0.000 |
0.000 |
|
Net worth |
24.532 |
28.192 |
|
|
|
|
|
Secured Loans |
15.592 |
14.154 |
|
Unsecured Loans |
0.000 |
0.000 |
|
Total borrowings |
15.592 |
14.154 |
|
Debt/Equity ratio |
0.611 |
0.502 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2016 |
31.03.2017 |
|
|
INR
In Lacs |
INR
In Lacs |
|
Labour Charges Received |
516.420 |
545.649 |
|
|
|
5.660 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2016 |
31.03.2017 |
|
|
INR In Lacs |
INR In Lacs |
|
Labour Charges Received |
516.420 |
545.649 |
|
Profit/(Loss) |
8.576 |
9.713 |
|
|
1.66% |
1.78% |
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 |
Yes |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 two years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last two years |
Yes |
|
30 |
Major shareholders, if available |
No |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
|
OBSERVATION POINTS |
|
Name of Company : |
PABITRA PATRA |
|
|
|
|
Address : |
C/O Turtle Limited, 105, Cowies Ghat Road, Shibpur, Howrah, 711102, West Bengal, India |
|
|
|
|
Mobile No.: |
91-9831002944 |
|
|
|
|
Email : |
|
|
|
|
|
Person to whom we met: |
Name: Mr. Pabitra
Patra Designation : Proprietor |
|
|
|
|
Name Board : |
Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark (If Any): |
Near Mitra Sangha Hospital / Fereszore Road |
|
|
|
|
Total Floors of the building: |
Shed Type Premises |
|
|
|
|
Locality: |
Residential |
|
|
|
|
Area of premises : |
9500 Sq. Ft |
|
|
|
|
Area : |
Neutral |
|
|
|
|
Level of
operation : |
Medium |
|
|
|
|
No. of employees seen at premises: |
260 |
|
|
|
|
Visibility of
Items: |
Telephone Fax Machine Computers Air Conditioner Office Equipment Xerox Machine |
|
|
|
|
Furniture items
sighted : |
Yes |
|
|
|
|
Neighbour’s
interview : |
Mr. Firoz and Mr. Salim and they both are aware about the Turtle Limited. |
|
|
|
|
Proof of visit: |
Photographs |
|
|
|
|
Photographs: |
Exterior with name board/Interior/Shop Floor |
|
|
|
|
|
|
|
Details of the person conducting visit: |
|
|
Name: |
Mr. Somnath Banerjee |
|
Designation: |
Field Executive |
|
Contact No.: |
91-9681612591 |
|
Date: |
28.02.2018 |
PICTURES
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 (as on
08.03.2018) (date of report):
No press reports / filings exists on
the subject.
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
KVT |
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
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.
·