|
|
|
MIRA INFORM REPORT
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Report No. : |
498081 |
|
Report Date : |
17.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
JIVO WELLNESS PRIVATE LIMITED |
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|
|
|
Registered
Office : |
J-3/190, GF, Nehru Market, Rajouri Garden, New Delhi-110027 |
|
Mobile No.: |
91-9310318405 (Mr. Ziyal Haque) |
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|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
01.09.2010 |
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|
|
|
Com. Reg. No.: |
55-207768 |
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|
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Capital
Investment / Paid-up Capital : |
INR 0.595 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85100DL2010PTC207768 |
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|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
07AACCJ4223F1ZY |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
AACCJ4223F |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The company is engaged in imports and trading of edible oils, fabrics, other general items and agricultural activities. [Registered Activity] |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 141000 |
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|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exists |
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Comments : |
Subject was incorporated in the year 2010 and it is engaged in trading and import of edible oils. As per financials of March 2017, the company has registered a growth of 5.73% in its revenue as compared to its previous year’s revenue and has reported average profit margin of 1.04%. Rating takes into consideration the company’s satisfactory track record of business operations marked by sound net worth base along with comfortable debt coverage indicators and decent liquidity position. Rating also takes into account the extensive experience of the promoters, established brand recall and inherently distinguished quality of the product traded by the company. Further, the company has reported a good earnings per share of INR 204.08 against its face value of INR 10. However, rating strength is partially offset by exposure to foreign exchange fluctuations, supplier concentration risks and intense competition with presence of large number of unorganized players. Payments seems to be regular. 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.
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
|
Rating Agency Name |
CARE |
|
Rating |
Long term rating = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk |
|
Date |
05.12.2017 |
|
|
|
|
Rating Agency Name |
CARE |
|
Rating |
Short term rating = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk |
|
Date |
05.12.2017 |
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 17.03.2018.
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. Ziyal Haque |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-9310318405 |
|
|
|
|
Name : |
Mr. Maninder Singh |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-9810626290 |
|
Date : |
16.03.2018 |
LOCATIONS
|
Registered Office : |
J-3/190, GF, Nehru Market, Rajouri Garden, New Delhi-110027, India |
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Tel. No.: |
91-11-65155564 |
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Mobile No.: |
91-9310318405 (Mr. Ziyal Haque) 91-9810626290 (Mr. Maninder Singh) |
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Fax No.: |
Not Available |
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E-Mail : |
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|
Website : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Gurpreet Singh |
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Designation : |
Director |
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Address : |
J - 3/190, 2nd Floor, Rajouri Garden, New Delhi-110027, India |
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Date of Birth/Age : |
21.10.1974 |
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Qualification : |
Graduation |
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Date of Appointment : |
01.09.2010 |
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PAN No.: |
AMAPS8021M |
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DIN No.: |
01380416 |
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Other Directorship:
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||||||||
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Name : |
Mr. Charanjeet Kaur |
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Designation : |
Director |
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Address : |
VPO Baru Sahib, Teh Pachhad, Sirmaur-173101, Himachal Pradesh, India |
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Date of Birth/Age : |
13.04.1972 |
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Qualification : |
Graduation |
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Date of Appointment : |
09.05.2016 |
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PAN No.: |
BSOPK8795F |
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DIN No.: |
07513951 |
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MAJOR SHAREHOLDERS
AS ON 28.09.2017
|
Names of Shareholders |
|
No. of Shares |
|
Ravinder Pal Singh Kohli s/o Habans Singh Kohli |
|
12834 |
|
Jasbir Singh Sahni s/o Surinder Singh Sahni |
|
3333 |
|
Gurpreet Singh s/o Bahadur Singh |
|
12833 |
|
Neelam Kaur d/o Rajinder Singh |
|
2000 |
|
Charanjeet Kaur d/o Amrik Singh |
|
19000 |
|
Nirmal Kaur |
|
9500 |
|
Total |
|
59500 |
AS ON 28.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters - Individual/Hindu Undivided Family – Indian |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in imports and trading of edible oils, fabrics, other general items and agricultural activities. [Registered Activity] |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
V. Madan and Company Chartered Accountants |
|
Address : |
52, Local Shopping Center, Block-J, Vikas Puri, New Delhi -110018, India |
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PAN No.: |
AGDPM4646F |
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|
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
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|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AFTER 28.09.2017
Authorised Capital : INR 5.000 Million
Issued, Subscribed & Paid-up Capital : INR 0.631 Million
AS ON 28.09.2017
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 |
|
|
|
|
|
|
59500 |
Equity Shares |
INR 10/- each |
INR 0.595 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.595 |
0.595 |
0.445 |
|
(b) Reserves &
Surplus |
48.913 |
36.770 |
20.528 |
|
(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) |
49.508 |
37.365 |
20.973 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
66.765 |
39.663 |
69.304 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.213 |
|
(c) Other long term
liabilities |
43.642 |
32.725 |
14.620 |
|
(d) long-term provisions |
0.794 |
0.543 |
0.383 |
|
Total Non-current
Liabilities (3) |
111.201 |
72.931 |
84.520 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
55.377 |
18.630 |
44.217 |
|
(b) Trade payables |
177.794 |
164.204 |
136.039 |
|
(c) Other current
liabilities |
68.428 |
15.495 |
23.488 |
|
(d) Short-term provisions |
2.165 |
0.741 |
0.510 |
|
Total Current Liabilities
(4) |
303.764 |
199.070 |
204.254 |
|
|
|
|
|
|
TOTAL |
464.473 |
309.366 |
309.747 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
19.586 |
17.598 |
20.436 |
|
(ii) Intangible Assets |
1.821 |
2.292 |
1.739 |
|
(iii) Capital
work-in-progress |
6.119 |
6.041 |
5.909 |
|
(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) |
1.641 |
0.519 |
0.000 |
|
(d) Long-term Loan and Advances |
32.558 |
17.339 |
4.076 |
|
(e) Other Non-current
assets |
21.176 |
11.530 |
0.000 |
|
Total Non-Current Assets |
82.901 |
55.319 |
32.160 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
196.780 |
123.496 |
146.260 |
|
(c) Trade receivables |
91.564 |
47.042 |
33.362 |
|
(d) Cash and cash
equivalents |
90.253 |
80.122 |
42.438 |
|
(e) Short-term loans and
advances |
2.975 |
3.387 |
55.527 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
381.572 |
254.047 |
277.587 |
|
|
|
|
|
|
TOTAL |
464.473 |
309.366 |
309.747 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1167.271 |
1103.968 |
820.913 |
|
|
Other Income |
3.072 |
1.817 |
2.433 |
|
|
TOTAL |
1170.343 |
1105.785 |
823.346 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1009.336 |
880.077 |
704.071 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(73.284) |
22.764 |
(55.224) |
|
|
Employees benefits
expense |
76.702 |
71.930 |
63.342 |
|
|
Exceptional items |
(1.385) |
3.329 |
4.283 |
|
|
Other expenses |
126.107 |
99.961 |
79.761 |
|
|
TOTAL |
1137.476 |
1078.061 |
796.233 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
32.867 |
27.724 |
27.113 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
5.107 |
5.710 |
6.088 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
27.760 |
22.014 |
21.025 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
8.768 |
7.671 |
6.496 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
18.992 |
14.343 |
14.529 |
|
|
|
|
|
|
|
Less |
TAX |
6.850 |
5.151 |
4.802 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
12.142 |
9.192 |
9.727 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
26.473 |
17.281 |
7.554 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
38.615 |
26.473 |
17.281 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
204.08 |
154.50 |
218.58 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
68.428 |
15.495 |
NA |
|
Net cash flows from (used in) operations |
(24.824) |
139.166 |
(25.532) |
|
Net cash flows from (used in) operating activities |
(31.674) |
134.015 |
(41.527) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365) |
28.63 |
15.55 |
14.83 |
|
|
|
|
|
|
Account Receivables Turnover (Income /
Sunday Debtors) |
12.75 |
23.47 |
24.61 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
64.29 |
68.10 |
70.52 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.17 |
0.22 |
0.19 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.19 |
1.07 |
0.97 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.95 |
0.82 |
0.88 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
3.85 |
1.97 |
5.41 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
6.14 |
5.33 |
9.74 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.56 |
0.69 |
1.34 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
6.44 |
4.86 |
4.45 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT
/ Sales) * 100] |
% |
1.04 |
0.83 |
1.18 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.61 |
2.97 |
3.14 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
24.53 |
24.60 |
46.38 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.26 |
1.28 |
1.36 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.61 |
0.66 |
0.64 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.11 |
0.12 |
0.07 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
320.29 |
124.01 |
255.10 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.26 |
1.28 |
1.36 |
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 |
0.445 |
0.595 |
0.595 |
|
Reserves & Surplus |
20.528 |
36.770 |
48.913 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
20.973 |
37.365 |
49.508 |
|
|
|
|
|
|
Long-term borrowings |
69.304 |
39.663 |
66.765 |
|
Short term borrowings |
44.217 |
18.630 |
55.377 |
|
Total borrowings |
113.521 |
58.293 |
122.142 |
|
Debt/Equity ratio |
5.413 |
1.560 |
2.467 |
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 |
820.913 |
1103.968 |
1167.271 |
|
|
|
34.481 |
5.734 |
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 |
820.913 |
1103.968 |
1167.271 |
|
Profit |
9.727 |
9.192 |
12.142 |
|
|
1.18% |
0.83% |
1.04% |
LEGAL
CASE
HIGH COURT
|
MARICO LIMITED Vs. JIVO WELLNESS PRIVATE |
|
high court-Delhi |
|
Case no:CS(OS) 1878/2015 I.A. 13070/2015 |
|
Case status:Pending |
|
Judge:HON BLE MR. JUSTICE G.S.SISTANI |
|
Date:2016-10-06 |
HIGH COURT
|
MARICO LIMITED Vs. JIVO WELLNESS PRIVATE LIMITED |
|
high court-Delhi |
|
Case no:CS(OS) 1878/2015 I.A. 13070/2015 |
|
Case status:Pending |
|
Judge:HON BLE MR. JUSTICE V. KAMESWAR RAO |
|
Date:16/04/19 |
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 |
No |
|
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 |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
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 |
Yes |
|
32 |
Litigations that the firm/promoter involved
in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been shifted
from F-12, Ground Floor, Udyog Nagar, Industrial Area, Peeragarhi, New
Delhi-110041, India to the present address
w.e.f. 04.10.2012.
GENERAL INFORMATION
The company is engaged in imports and trading of edible oils, fabrics, other general items and agricultural activities.
OPERATIONS
Over the years the company is consistently improving its market share and successful in achieving its business targets. Irrespective of affect by demonetization and high level of inflation, the company has shown the signs of better future perspectives. The Directors are optimistic about company’s business and hopeful of better performance with increased revenue in next year. There was no change in the nature of business of company. The company is exploring the opportunities to expand their business. The company is facing stiff competition with the big players in the fields of edible oils. This year was challenging year for the Indian markets. The continued high level of foreign currency which led to increase in cost of imports and food inflations. The company performed creditability in a difficult year maintaining its market share. The company is exploring the business opportunities in other edible products like wheatgrass juice etc.
In this year the total revenue of the company is INR 1170.343 Million with PAT INR 12.142 Million. In the last year total revenue of the company was INR 1105.785 Million with PAT INR 9.192 Million. The revenue increased by 5.84% whereas the PAT go up by 32.09%. In continuation of previous years the company incurred the expenditure on development of agricultural land and activities for INR 1.234 Million (Previous year INR 3.329 Million).
UNSECURED LOANS:
|
PARTICULAR |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from others |
35.687 |
6.000 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Term loans from others |
55.377 |
18.620 |
|
Total |
91.064 |
24.620 |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Amount |
Address |
|
1 |
C39478797 |
10381836 |
HDFC Bank Limited |
09/10/2012 |
28/11/2014 |
63276000.0 |
HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India |
FIXED ASSETS:
Tangible Asset:
- Building
- Plant and equipment
- Furniture and Fixture
- Computer
- Vehicles
Intangible Asset:
- Brands and trade marks
- Computer software
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 64.87 |
|
|
1 |
INR 90.49 |
|
Euro |
1 |
INR 79.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHL |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
BHG |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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
·
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.