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MIRA INFORM REPORT
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Report No. : |
494422 |
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Report Date : |
08.03.2018 |
IDENTIFICATION DETAILS
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Name : |
TRIDENT INTERNATIONAL PRIVATE LIMITED |
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Registered
Office : |
2nd Floor, Rashmi Industrial Estate, Survey No. 70/A, Wanawari, Pune – 411040, Maharashtra |
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Tel. No.: |
91-20-71199100 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
16.05.2000 |
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Com. Reg. No.: |
11-014885 |
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Capital
Investment / Paid-up Capital : |
INR 4.100 Million |
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CIN No.: [Company Identification
No.] |
U25119PN2000PTC014885 |
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IEC No.: [Import-Export Code No.] |
Not Available |
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GSTN : [Goods & Service Tax
Registration No.] |
27AABCT2155P1ZZ |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCT2155P |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
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No. of Employees
: |
Not Available |
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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Maximum Credit Limit : |
USD 747000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2000 and it is having satisfactory track record. For the financial year 2017, the company has achieved fair growth in its revenue as compared to its previous year and has achieved good profitability margin of 19.17% during the year. Rating takes into consideration, the satisfactory financial risk profile marked by adequate net worth base and strong debt protection metrics. Rating continue to derive strength from its long and established track record of its business operations backed by its well experienced management team. However, these rating strengths gets partially offset by high working capital intensive nature of operations, susceptibility of its profitability to volatility in raw material prices and presence in competitive industry. Payments seems to be usually correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 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.
LOCATIONS
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Registered Office/ Head Office : |
2nd Floor, Rashmi Industrial Estate, Survey No. 70/A, Wanawari, Pune – 411040, Maharashtra, India |
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Tel. No.: |
91-20-71199100 |
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Fax No.: |
91-20-71199199 |
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E-Mail : |
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Website : |
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Corporate Office: |
Gat No. 1354, D-6, Mandhar Warehouse Saswad Road, Wadaki, Pune - 412308, Maharashtra, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Manoj Harkishin Gyanani |
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Designation : |
Director |
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Address : |
D1/4, Padma Vilas Enclave, 18, Mhadaji Shinde Marg, Wanawadi, Pune – 411040, Maharashtra, India |
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Date of Birth/Age : |
28.08.1973 |
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Date of Appointment : |
09.02.2007 |
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DIN No.: |
00397440 |
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Other Directorship:
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Name : |
Mr. Ghansham Harkishin Gyanani |
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Designation : |
Director |
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Address : |
D1/4, Padma Vilas Enclave, 18, Mhadaji Shinde Marg, Wanawadi, Pune – 411040, Maharashtra, India |
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Date of Birth/Age : |
18.04.1972 |
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Date of Appointment : |
16.05.2000 |
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DIN No.: |
00397480 |
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Other Directorship:
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Name : |
Mr. Harikishan Tejumal Gyanani |
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Designation : |
Director |
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Address : |
D1/4, Padma Vilas Enclave, 18, Mhadaji Shinde Marg, Wanawadi, Pune – 411040, Maharashtra, India |
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Date of Birth/Age : |
14.03.1946 |
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Date of Appointment : |
30.09.2013 |
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DIN No.: |
00403832 |
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Name : |
Mrs. Radhika Ghansham Gyanani |
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Designation : |
Director |
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Address : |
D1/4, Padma Vilas Enclave, 18, Mhadaji Shinde Marg, Wanawadi, Pune – 411040, Maharashtra, India |
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Date of Birth/Age : |
24.08.1969 |
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Date of Appointment : |
16.05.2000 |
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DIN No.: |
01353802 |
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MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Harikishan Tejumal Gyanani |
41000 |
10.00 |
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Ghansham Harkishin Gyanani |
299300 |
73.00 |
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Radhika Ghansham Gyanani |
20500 |
5.00 |
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Manoj Harkishin Gyanani |
49200 |
12.00 |
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Total |
410000 |
100.00 |
AS ON 29.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
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Promoters – [Individual/Hindu Undivided Family – Indian] |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
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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 Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Gundesha and Associates Chartered Accountants |
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Address : |
303, Khopkar Heights, 383 New Rasta Peth, Opposite YMCA Club, Pune –
411011, Maharashtra, India |
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Tel. No.: |
91-22-26136325/ 26119449/ 26069377 |
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PAN No.: |
AAFFG5768A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary : |
Trident International FZE |
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The Directors of the Company are Partners in the Same Firm: |
Trident Industrial Tires and Tracks LLP |
CAPITAL STRUCTURE
AS ON 25.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
500000 |
Equity Shares |
INR 10/- each |
INR 5.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
410000 |
Equity Shares |
INR 10/- each |
INR 4.100 Million |
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FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET [STANDALONE]
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
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|
|
|
(1)Shareholders' Funds |
|
|
|
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(a) Share Capital |
4.100 |
4.100 |
4.100 |
|
(b) Reserves &
Surplus |
257.328 |
215.770 |
170.978 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
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|
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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) |
261.428 |
219.870 |
175.078 |
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(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.680 |
1.578 |
2.388 |
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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) |
0.680 |
1.578 |
2.388 |
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(4) Current Liabilities |
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|
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|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
19.181 |
20.272 |
11.587 |
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(c) Other current
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term provisions |
44.541 |
24.790 |
24.505 |
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Total Current Liabilities
(4) |
63.722 |
45.062 |
36.092 |
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|
|
|
|
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TOTAL |
325.830 |
266.510 |
213.558 |
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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 |
4.170 |
4.101 |
5.292 |
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(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 |
8.232 |
1.232 |
1.232 |
|
(c) Deferred tax assets
(net) |
0.709 |
0.630 |
0.407 |
|
(d) Long-term Loan and Advances |
26.411 |
23.734 |
22.401 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
39.522 |
29.697 |
29.332 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
133.734 |
95.660 |
45.989 |
|
(b) Inventories |
33.620 |
33.112 |
29.796 |
|
(c) Trade receivables |
22.181 |
34.753 |
27.859 |
|
(d) Cash and cash
equivalents |
91.032 |
69.813 |
78.649 |
|
(e) Short-term loans and
advances |
5.741 |
3.475 |
1.933 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
286.308 |
236.813 |
184.226 |
|
|
|
|
|
|
TOTAL |
325.830 |
266.510 |
213.558 |
PROFIT
& LOSS ACCOUNT [STANDALONE]
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
313.044 |
297.307 |
414.827 |
|
|
Other Income |
37.888 |
26.283 |
21.281 |
|
|
TOTAL |
350.932 |
323.590 |
436.108 |
|
|
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|
|
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|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
238.495 |
227.995 |
329.462 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(0.509) |
(3.315) |
5.270 |
|
|
Employees benefits
expense |
11.622 |
10.541 |
11.964 |
|
|
Other expenses |
14.520 |
14.056 |
16.145 |
|
|
TOTAL |
264.128 |
249.277 |
362.841 |
|
|
|
|
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|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
86.804 |
74.313 |
73.267 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.121 |
0.209 |
1.226 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
86.683 |
74.104 |
72.041 |
|
|
|
|
|
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|
Less |
DEPRECIATION/
AMORTISATION |
1.442 |
1.769 |
2.381 |
|
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|
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|
PROFIT/ (LOSS) BEFORE TAX |
85.241 |
72.335 |
69.660 |
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Less |
TAX |
25.233 |
23.028 |
21.737 |
|
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|
PROFIT/ (LOSS) AFTER TAX
|
60.008 |
49.307 |
47.923 |
|
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|
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|
EARNINGS IN FOREIGN
CURRENCY FOR EXPORT |
$ 1.302 Euro 1.74 |
$ 86.021 Euro 129.417 |
$ 66.507 Euro 137.780 |
|
|
|
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|
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|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
146.36 |
120.26 |
116.89 |
|
|
Diluted |
146.36 |
120.26 |
116.89 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
66.635 |
57.421 |
2.003 |
|
Net cash flow from operating activities |
40.707 |
33.944 |
42.870 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income *
365] |
25.86 |
42.67 |
24.51 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
14.11 |
8.55 |
14.89 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
29.36 |
32.45 |
12.84 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
2.58 |
2.24 |
2.46 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
20.82 |
18.12 |
13.84 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.20 |
0.18 |
0.18 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.01 |
0.01 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.24 |
0.20 |
0.21 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.02 |
0.02 |
0.03 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
717.39 |
355.56 |
59.76 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
19.17 |
16.58 |
11.55 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
18.42 |
18.50 |
22.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
22.95 |
22.43 |
27.37 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
4.49 |
5.26 |
5.10 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
3.97 |
4.52 |
4.28 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.80 |
0.82 |
0.82 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.17 |
0.38 |
0.58 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
4.49 |
5.26 |
5.10 |
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 |
4.100 |
4.100 |
4.100 |
|
Reserves & Surplus |
170.978 |
215.770 |
257.328 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
175.078 |
219.870 |
261.428 |
|
|
|
|
|
|
Long Term borrowings |
2.388 |
1.578 |
0.680 |
|
Short Term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
2.388 |
1.578 |
0.680 |
|
Debt/Equity
ratio |
0.014 |
0.007 |
0.003 |
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
|
414.827 |
297.307 |
313.044 |
|
|
|
(28.330) |
5.293 |
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
|
414.827 |
297.307 |
313.044 |
|
Profit |
47.923 |
49.307 |
60.008 |
|
|
11.55% |
16.58% |
19.17% |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
4.100 |
4.100 |
|
(b) Reserves &
Surplus |
|
407.489 |
341.395 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
411.589 |
345.495 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.680 |
1.578 |
|
(b) Deferred tax
liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
0.680 |
1.578 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
24.453 |
27.180 |
|
(c) Other current
liabilities |
|
0.000 |
0.000 |
|
(d) Short-term provisions |
|
44.615 |
24.863 |
|
Total Current Liabilities
(4) |
|
69.068 |
52.043 |
|
|
|
|
|
|
TOTAL |
|
481.337 |
399.116 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
4.170 |
4.901 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
7.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
0.709 |
0.629 |
|
(d) Long-term Loan and Advances |
|
26.596 |
23.915 |
|
(e) Other Non-current
assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
38.475 |
29.445 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
133.734 |
95.660 |
|
(b) Inventories |
|
50.566 |
50.875 |
|
(c) Trade receivables |
|
25.276 |
38.026 |
|
(d) Cash and cash
equivalents |
|
225.339 |
179.976 |
|
(e) Short-term loans and
advances |
|
7.947 |
5.134 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
442.862 |
369.671 |
|
|
|
|
|
|
TOTAL |
|
481.337 |
399.116 |
PROFIT
& LOSS ACCOUNT [CONSOLIDATED]
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
459.404 |
409.289 |
|
|
Other Income |
|
32.426 |
24.550 |
|
|
TOTAL |
|
491.830 |
433.839 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
|
350.198 |
308.525 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(0.252) |
(2.649) |
|
|
Employees benefits
expense |
|
15.335 |
13.689 |
|
|
Other expenses |
|
16.912 |
16.154 |
|
|
TOTAL |
|
382.193 |
335.719 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
109.637 |
98.120 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
0.121 |
0.209 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
109.516 |
97.911 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
2.242 |
2.852 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
107.274 |
95.059 |
|
|
|
|
|
|
|
Less |
TAX |
|
25.233 |
23.028 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
82.041 |
72.031 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
|
200.10 |
175.68 |
|
|
Diluted |
|
200.10 |
175.68 |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
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 |
OPERATING REVIEW
BUSINESS PERFORMANCE:
The Company has reported total income of INR 350.932 Million for the current year as compared to INR 323.590 Million in the previous year. The Net Profit for the year amounted to INR 60.008 Million in the current year as compared to INR 49.307 Million in the previous year.
INDEX OF CHARGE: NO
CHARGES EXISTS FOR COMPANY
FIXED ASSETS:
- Computer
- Machinery Purchase
- Office Equipment
- Mobile
- Fire Extinguisher
- Industrial Equipments (Racks)
- Security Systems
- Vehicle
- Office Furniture
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 90.34 |
|
Euro |
1 |
INR 80.75 |
INFORMATION DETAILS
|
Analysis Done by
: |
NSG |
|
|
|
|
Report Prepared
by : |
GEET |
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.