|
|
|
MIRA INFORM REPORT
|
Report No. : |
496573 |
|
Report Date : |
13.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
FELDER WOODWORKING MACHINES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Western Edge 1, Unit No. 302, Western Express Highway, Borivali
(East), Mumbai – 400066, Maharashtra |
|
Tel. No.: |
91-22-61714300 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
19.01.2011 |
|
|
|
|
Com. Reg. No.: |
11-212532 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 3.070 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51101MH2011PTC212532 |
|
|
|
|
IEC No.: [Import-Export
Code No.] |
0310088151 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCF6721F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
|
|
|
|
|
No. of Employees
: |
60 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Exists |
|
|
|
|
Comments : |
Subject is a subsidiary of M/S. Felder KG, Austria. It was incorporated in the year 2011 and it is a wholesale trade services in machinery and equipment for the textile, wood and metal. As per the financials of March 2017, the company has reported growth
of 6.80% in its revenue as compared to its previous year’s revenue and has
reported minimal profit margin of 0.80%. Rating takes into consideration the strong financial and managerial
support received from its holding entity and well experienced management
team. However, rating strength is partially offset by eroded net worth of
company. Payments seems to be slow. In view of aforesaid, the subject can be considered for business
dealings with some caution. |
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 13.03.2018
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 (GENERAL DETAILS)
|
Name : |
Mr. Satej |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-61714300 |
|
Date : |
13.03.2018 |
LOCATIONS
|
Registered Office / Mumbai headquarter: |
Western Edge 1, Unit No. 302, Western Express Highway, Borivali (East),
Mumbai – 400066, Maharashtra, India |
|
Tel. No.: |
91-22-33734300-98 |
|
Mobile No.: |
91-8071806338 (Ms. Deepa) |
|
Fax No.: |
91-22-3373 4399 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Warehouse : |
Plot No.: 112/1/B – 1, GIDC, Umergaon, District Valsad - 396171,
Gujarat, India |
|
|
|
|
Showroom : |
33 and 34, Blue Rose Industrial Estate, Western Express Highway,
Borivali (East), Mumbai-400060, Maharashtra, India |
|
|
|
|
Bangalore Branch: |
371 and 372, 10th Cross Road, 4th Phase, Peenya
Industrial Estate, Bangalore – 560058, Karnataka, India |
|
Tel. No.: |
91-80-41573661 |
|
|
|
|
Noida Branch |
F-441, Sector 63, Near Fortis Hospital, Noida – 201301, Uttar Pradesh,
India |
|
Tel. No.: |
91-120-4554344 |
|
|
|
|
Branches : |
Also Located at:
|
|
|
|
|
Factory : |
Located at: Austria |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Johann Felder |
|
Designation : |
Director |
|
Address : |
Salzbergstrasse 26, A-6067, Absam, 6067, Austria |
|
Date of Birth/Age : |
12.11.1956 |
|
Date of Appointment : |
19.01.2011 |
|
DIN No.: |
03367733 |
|
|
|
|
Name : |
Ms. Chhaya Shah |
|
Designation : |
Director |
|
Address : |
2-A, Gulmohar Co-Operative Society, Aarey Road, Goregaon (West), Mumbai - 400062, Maharashtra, India |
|
Date of Birth/Age : |
22.09.1970 |
|
Date of Appointment : |
19.01.2011 |
|
DIN No.: |
03369938 |
|
|
|
|
Name : |
Mr. Tushar Kashinath Tandel |
|
Designation : |
Director |
|
Address : |
C- 38, Sadanand Park CHS, Inside Old M.H.B. Colony, L.T. Road, Borivali (West), Mumbai - 400091, Maharashtra, India |
|
Date of Birth/Age : |
22.09.1971 |
|
Date of Appointment : |
01.12.2011 |
|
DIN No.: |
05133045 |
KEY EXECUTIVES
|
Name : |
Mr. Satej |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Felder KG, Austria |
|
306992 |
|
Chhaya Shah |
|
1 |
|
Total |
|
306993 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
|
|
Promoters- Body corporate |
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
|
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Finished Goods |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Finished Goods |
||||
|
Countries : |
Austria |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cheque and Others (NEFT / RTGS) |
||||
|
|
|
||||
|
Purchasing : |
Cheque and Others (NEFT / RTGS) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
60 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Rakesh S. Kapoor and Company Chartered Accountants |
|
Address : |
Shop No 16, Lily, Mantri Park Film City Road, Goregaon (East),
Mumbai-400065, Maharashtra, India |
|
Tel. No.: |
91-22-62215860 |
|
E-Mail : |
|
|
Website: |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AEVPK0467L |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 10/- each |
INR 5.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
306993 |
Equity Shares |
INR 10/- each |
INR 3.070 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 |
3.070 |
3.070 |
3.070 |
|
(b) Reserves &
Surplus |
(13.469) |
(15.349) |
(14.456) |
|
(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) |
(10.399) |
(12.279) |
(11.386) |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
630.799 |
82.485 |
79.262 |
|
(c) Other current
liabilities |
8.572 |
25.016 |
6.871 |
|
(d) Short-term provisions |
2.328 |
2.018 |
1.459 |
|
Total Current Liabilities
(4) |
641.699 |
109.519 |
87.592 |
|
|
|
|
|
|
TOTAL |
631.300 |
97.240 |
76.206 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
11.472 |
2.919 |
2.908 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
15.596 |
3.142 |
3.142 |
|
Total Non-Current Assets |
27.068 |
6.061 |
6.050 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
85.032 |
63.941 |
54.959 |
|
(c) Trade receivables |
506.080 |
14.585 |
6.533 |
|
(d) Cash and cash
equivalents |
11.455 |
12.251 |
8.664 |
|
(e) Short-term loans and
advances |
1.665 |
0.000 |
0.000 |
|
(f) Other current assets |
0.000 |
0.402 |
0.000 |
|
Total Current Assets |
604.232 |
91.179 |
70.156 |
|
|
|
|
|
|
TOTAL |
631.300 |
97.240 |
76.206 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
235.170 |
220.190 |
168.443 |
|
|
Other Income |
5.549 |
1.447 |
2.237 |
|
|
TOTAL |
240.719 |
221.637 |
170.680 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
182.730 |
152.195 |
138.198 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(21.091) |
(8.982) |
(16.892) |
|
|
Employees benefits
expense |
32.258 |
24.651 |
19.006 |
|
|
Other expenses |
51.556 |
47.130 |
28.730 |
|
|
TOTAL |
245.453 |
214.994 |
169.042 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION
|
(4.734) |
6.643 |
1.638 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
(7.958) |
6.507 |
(16.107) |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
3.224 |
0.136 |
17.745 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.334 |
1.029 |
0.582 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
1.890 |
(0.893) |
17.163 |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
1.890 |
(0.893) |
17.163 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
17.267 |
(16.374) |
(33.537) |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
19.157 |
(17.267) |
(16.374) |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Components and Stores
parts |
144.267 |
116.807 |
110.086 |
|
|
TOTAL IMPORTS |
144.267 |
116.807 |
110.086 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
6.16 |
(2.91) |
55.91 |
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 |
8.804 |
4.110 |
NA |
|
Net cash flows from (used in) operations |
8.804 |
4.110 |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
785.47 |
24.18 |
14.16 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
0.46 |
15.10 |
25.78 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
1260.01 |
197.82 |
209.34 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
(0.06) |
0.10 |
0.03 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
(0.41) |
2.28 |
0.56 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
1.02 |
1.13 |
1.15 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
(61.71) |
(8.92) |
(7.69) |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
(1.10) |
(0.24) |
(0.26) |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.59 |
1.02 |
(0.10 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.80 |
(0.41) |
10.19 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.30 |
(0.92) |
22.52 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(18.17) |
7.27 |
(150.74) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.94 |
0.83 |
0.80 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.81 |
0.25 |
0.17 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
(0.02) |
(0.13) |
(0.15) |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.94 |
0.83 |
0.80 |
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 |
3.070 |
3.070 |
3.070 |
|
Reserves & Surplus |
(14.456) |
(15.349) |
(13.469) |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
(11.386) |
(12.279) |
(10.399) |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.000 |
|
Short Term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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
|
168.443 |
220.190 |
235.170 |
|
|
|
30.721 |
6.803 |
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
|
168.443 |
220.190 |
235.170 |
|
Profit |
17.163 |
(0.893) |
1.890 |
|
|
10.19% |
(0.41%) |
0.80% |
LEGAL
CASES
|
LABOUR, MUMBAI CASE DETAILS Case Type: Appln.-PGA Filing
Number: 1680/2016Filing Date: 18-11-2016 Registration
Number: 100/2016Registration Date: 22-11-2016 CNR Number: MHLC01-001680-2016 Case Status First Hearing Date: 22nd November 2016 Next Hearing Date: 08th February 2017 Stage of Case: Report Court Number and Judge: 11-Judge Petitioner and
Advocate 1)
Deepak Sarvaiya Address
- B/28 Bhanu Sadan kisan Nagar No. 1 Thane 400604 Advocate-
George Kurian Respondent and
Advocate 1)
M/s. Felder Woodworking Machines Private Limited
Acts
History of Case
Hearing
LABOUR, MUMBAI CASE DETAILS Case Type: Appln.-PGA Filing Number: 1679/2016Filing Date: 18-11-2016 Registration Number: 99/2016Registration
Date: 22-11-2016
First Hearing Date: 22nd November 2016 Next Hearing Date: 20th February 2017 Stage of Case: Report
Petitioner and
Advocate 1) Devanand Mhatre Address - At
Yashawantkhar Post Sanegaon Tal Roha Dist. Raigad 402109 Advocate- George
Kurian Respondent and
Advocate 1) M/s. Felder Woodworking Machines Private
Limited
History of Case
Hearing
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGE: NO CHARGES EXISTS FOR COMPANY
NOTE: Registered office of the company has been
shifted from Western Edge 1, Unit No. 501, Western Express Highway, Borivali (East),
Mumbai – 400006, Maharashtra, India to the present address w.e.f. 10.03.2017.
FIXED ASSETS:
Tangible Asset:
- Furniture and
Fixture
- Office
Equipment
- UPS Computer
- Electrical
Fittings
- Computer
- Camera
- Vehicles
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 65.02 |
|
|
1 |
INR 90.12 |
|
Euro |
1 |
INR 80.09 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--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.