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|
MIRA INFORM REPORT
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Report No. : |
496846 |
|
Report Date : |
16.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
ROSTFREI STEELS PRIVATE LIMITED |
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Registered
Office : |
Plot No. 211, Second Floor, Okhla Industrial Estate, Phase-III, New Delhi - 110020 |
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Tel. No.: |
91-11-46611000 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
24.09.2004 |
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Com. Reg. No.: |
55-129415 |
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Capital
Investment / Paid-up Capital : |
INR 26.762 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U27109DL2004PTC129415 |
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|
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IEC No.: [Import-Export Code No.] |
0510030726 |
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TIN No/CST.: |
07300367452 |
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PAN No.: [Permanent Account No.] |
AADCR2713B |
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GSTN : [Goods & Service Tax
Registration No.] |
07AADCR2713B2ZX |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
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No. of Employees
: |
10+ (Approximately) (As per site visit) |
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 |
|
Maximum Credit Limit : |
USD 145200 (In INR 9413918.58) |
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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 2004 and it is having satisfactory track records. For the financial year 2017, the company has increased in its revenue from operations as compared to previous year and maintained average profitability margin of 3.14%. Rating takes into consideration sound financial profile of the company marked by adequate networth base and low debt balance sheet. Further, rating also reflects from its long standing track records of business operations and improvement in the revenue as well profitability profile during the year. Trade relations are reported as fair. Business is active. Payments terms are seem to be usually correct. In view of the aforesaid, the company can be considered for business dealings at usual trade terms and conditions. Note: Site visit was conducted at the address which you have provided. Our executive has successfully traced the company on the given address. At the premises our executive met to Mr. Dindayal (Admin) of the company. As per our executive observation, location of the company is easy to find. It is seems to be factory type premises. Locality appears to be industrial. Area seems to be neutral. Area of the premises was 10000 (SQ. FT) and 10 employees were sighted into premises. Name board of the company was sighted at the given address. Further, our executive also enquired from neighbours i.e. Mr. Dharma (Land mark Buildwell Security Guard) and Mr. Neeraj (another Security Gurad) and they were also confirmed that company exists on given address. |
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 |
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High Risk |
C2 |
|
Very High Risk |
D |
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 16.03.2018
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. Yatin Joshi |
|
Designation : |
Purchase Department |
|
Contact No.: |
91-8010339926 |
|
Date : |
13.03.2018 |
Management non-cooperative (Tel No.:91-11-46611000)
LOCATIONS
|
Registered Office /
Corporate Office /Head Office: |
Plot No. 211, Second Floor, Okhla Industrial Estate, Phase-III, New Delhi – 110020, India |
|
Tel. No.: |
91-11-46611000 |
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Mobile No.: |
91-8010339926 (Mr. Yatin Joshi) |
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Fax No.: |
91-11-46611011 |
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E-Mail : |
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Website : |
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Factory: |
G-113, Site-V, Surajpur Industrial Area, Greater Noida, Kasna, Gautam
Budh Nagar, Noida – 201306, Uttar
Pradesh, India |
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Area: |
10000 (Sq. ft.) (As per site visit) |
|
Locality: |
Industrial (As per site visit) |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Gautam Kalra |
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|
Designation : |
Director |
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Address : |
A1/6, Block- A1, Safdarjung Enclave, New Delhi - 110029, India |
|||||||||
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Date of Birth/Age : |
05.06.1976 |
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Date of Appointment : |
24.09.2004 |
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DIN No.: |
01440629 |
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Name : |
Mr. Kapil Kalra |
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Designation : |
Director |
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Address : |
A1/6, Block- A1, Safdarjung Enclave, New Delhi - 110029, India |
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Date of Birth/Age : |
26.10.1972 |
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Date of Appointment : |
24.09.2004 |
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DIN No.: |
03395528 |
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KEY EXECUTIVES
|
Name : |
Mr. Yatin Joshi |
|
Designation : |
Purchase Department |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Gautam Kalra |
1052851 |
39.34 |
|
Kapil Kalra |
1198400 |
44.78 |
|
Shubga Kalra |
207500 |
7.75 |
|
Mamta Kalra |
217500 |
8.13 |
|
Total |
2676251 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 27.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
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 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 : |
10+ (Approximately) (As per site visit) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
ASAG and Associates Chartered Accountants |
|
Address : |
S 8, D 242, Noida – 201301, Uttar Pradesh, India |
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Tel. No.: |
91-120-4247156 |
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Mobile No.: |
91-9810662564, 9999755956 |
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Income-tax
PAN of auditor or auditor's firm : |
ABCFA3940N |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprise over which key management personnel and relative of KMP : |
|
CAPITAL STRUCTURE
As on 27.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2676251 |
Equity Shares |
INR 10/- each |
INR 26.762 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 |
26.762 |
26.762 |
23.762 |
|
(b) Reserves & Surplus |
24.045 |
12.775 |
7.364 |
|
(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) |
50.807 |
39.537 |
31.126 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
22.285 |
17.933 |
37.038 |
|
(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) |
22.285 |
17.933 |
37.038 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
49.012 |
26.242 |
24.775 |
|
(c) Other
current liabilities |
68.978 |
53.771 |
53.991 |
|
(d) Short-term
provisions |
6.250 |
3.000 |
2.100 |
|
Total Current
Liabilities (4) |
124.240 |
83.013 |
80.866 |
|
|
|
|
|
|
TOTAL |
197.332 |
140.483 |
149.030 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
41.698 |
37.586 |
30.632 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
41.698 |
37.586 |
30.632 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
9.424 |
8.552 |
7.712 |
|
(b)
Inventories |
46.738 |
34.499 |
31.888 |
|
(c) Trade
receivables |
57.628 |
34.776 |
44.710 |
|
(d) Cash
and cash equivalents |
14.892 |
6.747 |
19.402 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current
assets |
26.952 |
18.323 |
14.686 |
|
Total
Current Assets |
155.634 |
102.897 |
118.398 |
|
|
|
|
|
|
TOTAL |
197.332 |
140.483 |
149.030 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
358.380 |
269.602 |
244.955 |
|
|
Other Income |
7.587 |
2.319 |
3.755 |
|
|
TOTAL |
365.967 |
271.921 |
248.710 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
194.147 |
126.649 |
128.322 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1.077) |
3.554 |
(6.870) |
|
|
Employees benefits
expense |
50.987 |
42.958 |
41.174 |
|
|
Other expenses |
96.173 |
82.267 |
73.095 |
|
|
TOTAL |
340.230 |
255.428 |
235.721 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
25.737 |
16.493 |
12.989 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
2.151 |
2.853 |
2.936 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
23.586 |
13.640 |
10.053 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
6.066 |
5.229 |
5.242 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
17.520 |
8.411 |
4.811 |
|
|
|
|
|
|
|
Less |
TAX |
6.250 |
3.000 |
2.100 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
11.270 |
5.411 |
2.711 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
149.263 |
92.943 |
25.866 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
2.455 |
2.358 |
0.000 |
|
|
TOTAL IMPORTS |
2.455 |
2.358 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
4.21 |
2.02 |
1.01 |
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 |
20.324 |
18.857 |
8.061 |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operating activity |
14.074 |
15.857 |
7.261 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
58.69 |
47.08 |
66.62 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
6.22 |
7.75 |
5.48 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
92.14 |
75.63 |
70.47 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.55 |
0.48 |
0.41 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.62 |
0.44 |
0.42 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.74 |
0.72 |
0.79 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.44 |
0.45 |
1.19 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.45 |
2.10 |
2.60 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.82 |
0.95 |
0.98 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
11.97 |
5.78 |
4.42 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
3.14 |
2.01 |
1.11 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
5.71 |
3.85 |
1.82 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
22.18 |
13.69 |
8.71 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.25 |
1.24 |
1.46 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.88 |
0.82 |
1.07 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.26 |
0.28 |
0.21 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.83 |
0.67 |
1.56 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.25 |
1.24 |
1.46 |
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 |
23.762 |
26.762 |
26.762 |
|
Reserves & Surplus |
7.364 |
12.775 |
24.045 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
31.126 |
39.537 |
50.807 |
|
|
|
|
|
|
long-term borrowings |
37.038 |
17.933 |
22.285 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
37.038 |
17.933 |
22.285 |
|
Debt/Equity
ratio |
1.190 |
0.454 |
0.439 |
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 |
244.955 |
269.602 |
358.380 |
|
|
|
10.062 |
32.929 |
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 |
244.955 |
269.602 |
358.380 |
|
Profit |
2.711 |
5.411 |
11.270 |
|
|
1.11% |
2.01% |
3.14% |
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 |
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 (As per site visit) |
Yes |
|
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 |
|
OBSERVATION POINTS |
|
Name of Company : |
ROSTFREI STEELS PRIVATE LIMITED |
|
|
|
|
Address : |
G-113, Site-V, Surajpur Industrial Area, Greater Noida, Kasna, Gautam
Budh Nagar, Noida – 201306, Uttar
Pradesh, India |
|
|
|
|
Mobile No.: |
91-11-46611000 |
|
|
|
|
Email: |
|
|
|
|
|
Person to whom we met: |
Dindayal
Designation: Admin |
|
|
|
|
Name Board: |
Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Total Floors of the building: |
Factory type premises |
|
|
|
|
Locality: |
Industrial |
|
|
|
|
Area of Premises
: |
10000 (Sq. Ft.) |
|
|
|
|
Area: |
Neutral |
|
|
|
|
No. of Employees
seen at Premises : |
10+ |
|
|
|
|
Visibility of
Items: |
|
|
|
|
|
Furniture items sighted: |
|
|
|
|
|
Neighbour’s
Interview: |
Our executive enquired from neighbours i.e. Mr. Dharma (Land mark Buildwell Security
Guard) and Mr. Neeraj (another Security Gurad) and they confirmed that
company exists on given address. |
|
|
|
|
Proof of visit: |
Photograph |
BUSINESS AND
OPERATIONS
The company has been engaged in business of manufacturing industry-pre-fabricated tanks and silos.
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from body corporate / Directors |
2.800 |
2.800 |
|
|
|
|
|
Total |
2.800 |
2.800 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G77791622 |
100157191 |
HDFC BANK LIMITED |
21/12/2017 |
- |
- |
9864900.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL, (WEST) MUMBAI-400013 MAHARASHTRA INDIA |
|
2 |
G70358155 |
100140400 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
21/08/2017 |
- |
- |
9600000.0 |
ONE FORBES,DR. V. B. GANDHI MARG, FORT,MUMBAI-400001 MAHARASHTRA INDIA |
|
3 |
G42601294 |
100094138 |
VOLKSWAGEN FINANCE PRIVATE LIMITED |
17/12/2016 |
- |
- |
2300000.0 |
3RD FLOOR, WING - A, SILVER UTOPIACARDINAL GRACIOUS ROAD, CHAKALA, ANDHERI MUMBAI-400099 MAHARASHTRA INDIA |
|
4 |
G69275683 |
10451388 |
YES BANK LIMITED |
22/08/2013 |
25/10/2017 |
- |
110000000.0 |
7TH FLOOR, TOWER 8, BUILDING NO. 8DLF CITY PHASE II GURUGRAM 122008 HARYANA INDIA |
CONTINGENT
LIABILITIES:
(INR in million)
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
In resect of demand from various government Authorities regarding
following dues: |
|
|
|
Disputed DVAT Demands |
32.023 |
5.797 |
|
Bank guarantee – DVAT |
0.030 |
0.030 |
|
Bank guarantee – UPVAT |
0.025 |
0.025 |
FIXED ASSETS
· Factory Building
· Air Conditioner
· Mobiles
· Furniture
· Office Equipment
· Car
· Camera
· Coolers
· Telephone Inst Fa
· Inventor and UPS-FA
· Dharam Kanta
· Electrical Fitting
· Epabx System
· RO Water Purifier
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 65.10 |
|
|
1 |
INR 79.59 |
|
Euro |
1 |
INR 90.45 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
RKI |
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.