|
|
|
MIRA INFORM REPORT
|
Report No. : |
498035 |
|
Report Date : |
17.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
CMM TRADELINKS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
CMM Arena Complex, 2nd Floor, H.No.171/5, Vaddy, Merces,
North Goa - 403005 |
|
Mobile No.: |
91-9822122109 [Mr. Jitendra Narvekar] |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
11.07.2007 |
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|
|
|
Com. Reg. No.: |
24-005380 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 42.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51397GA2007PTC005380 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
30AADCC1152H1ZD |
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|
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TIN No.: |
Not Divulged |
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|
|
|
PAN No.: [Permanent Account No.] |
AADCC1152H |
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|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged in Wholesale trading and
distribution of P&G Products. [Registered Activity] |
|
|
|
|
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 218300 |
|
|
|
|
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 2007 and it is having satisfactory track records. It is engaged in the distribution of FMCG and Pharmaceutical products in Goa and South Maharashtra. For the financial year 2017, the company has marginal decrease in its revenue from operations as compared to previous year and maintained minimal profitability margin of 0.36%. Rating takes into consideration sound financial profile of the company marked by adequate networth base and average debt balance sheet. Further, rating also reflects from its extensive experience of the promoters in the FMCG distribution business and their established relationship with the principal i.e. sole distribution rights for P&G's products in South Maharashtra and Goa, leads to mutual dependency for both entities. However, rating strength is partially offset by low profitability margin and exposure to single-supplier concentration risk. 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. |
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 |
CRISIL |
|
Rating |
Long Term Rating – BB- |
|
Rating Explanation |
Moderate risk of default |
|
Date |
14.08.2017 |
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. Jitendra Narvekar |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-9822122109 |
|
Date : |
16.03.2018 |
Tel No.: [91-832-2420536] – Not Working.
LOCATIONS
|
Registered Office : |
CMM Arena Complex, 2nd Floor, H.No.171/5, Vaddy, Merces,
North Goa – 403005, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9822122109 [Mr. Jitendra Narvekar] |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Dean Wilfred Menezes |
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Designation : |
Director |
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|
Address : |
H. No. 550/13, Palmar Colony Bambolim Complex, Panaji – 403202, Goa, India |
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Date of Birth/Age : |
07.06.1965 |
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PAN No.: |
11.07.2007 |
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DIN No.: |
00013634 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Dale Maxie De Lopes Menezes |
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|
Designation : |
Director |
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|
Address : |
H.No. E-528, Altinho, Panaji – 403001, Goa, India |
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Date of Birth/Age : |
15.03.1972 |
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Date of Appointment : |
15.12.2009 |
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DIN No.: |
01822214 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS
AS ON 29.09.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Dean Wilfred Menezes |
105000 |
25.00 |
|
Dale Maxie De Lopes Menezes |
105000 |
25.00 |
|
Daniel Menezes |
105000 |
25.00 |
|
David Leo Menezes |
105000 |
25.00 |
|
Total |
420000 |
100.00 |
AS ON 29.09.2017
|
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 Wholesale trading and
distribution of P&G Products. [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
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : [As On 31.03.2016] |
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Facilities : |
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Auditors : |
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|
Name : |
Virendra Prabhudesai and Company Chartered Accountants |
|
Address : |
611, 6th Floor, Shiv Tower, Patto, Plaza, Panaji - 403001, Goa, India |
|
PAN No.: |
AGKPP9643A |
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|
|
|
Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives: |
[CIN NO.: U52311GA1995PTC001991]
[CIN NO.: U24231GA1965PTC000039] |
CAPITAL STRUCTURE
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 100/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
420000 |
Equity Shares |
INR 10/- each |
INR 42.000 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 |
42.000 |
42.000 |
22.000 |
|
(b) Reserves and Surplus |
34.401 |
28.212 |
22.352 |
|
(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) |
76.401 |
70.212 |
44.352 |
|
|
|
|
|
|
(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 |
128.829 |
144.577 |
118.046 |
|
(b) Trade
payables |
165.438 |
157.099 |
112.936 |
|
(c) Other
current liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term
provisions |
8.029 |
9.922 |
13.631 |
|
Total Current
Liabilities (4) |
302.296 |
311.598 |
244.613 |
|
|
|
|
|
|
TOTAL |
378.697 |
381.810 |
288.965 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
2.077 |
3.633 |
3.170 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
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) |
0.476 |
0.322 |
0.427 |
|
(d)
Long-term loans and advances |
3.308 |
3.789 |
3.122 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
5.861 |
7.744 |
6.719 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
169.841 |
143.225 |
96.926 |
|
(c) Trade receivables |
171.137 |
174.135 |
152.793 |
|
(d) Cash and
bank balances |
11.528 |
35.311 |
13.335 |
|
(e)
Short-term loans and advances |
20.330 |
21.395 |
19.192 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
372.836 |
374.066 |
282.246 |
|
|
|
|
|
|
TOTAL |
378.697 |
381.810 |
288.965 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1706.063 |
1743.666 |
1822.660 |
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
TOTAL |
1706.063 |
1743.666 |
1822.660 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1556.477 |
1598.009 |
1685.916 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Employee benefit expense |
76.198 |
76.818 |
74.651 |
|
|
Other expenses |
49.940 |
44.188 |
41.071 |
|
|
TOTAL |
1682.615 |
1719.015 |
1801.638 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
23.448 |
24.651 |
21.022 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
10.723 |
14.920 |
10.056 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
12.725 |
9.731 |
10.966 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
2.282 |
1.570 |
2.840 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
10.443 |
8.161 |
8.126 |
|
|
|
|
|
|
|
Less |
TAX |
4.255 |
2.300 |
3.017 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
6.188 |
5.861 |
5.109 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
14.73 |
13.95 |
12.16 |
|
|
Diluted |
14.73 |
13.95 |
12.16 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Net cash flows from (used in) operations |
(4.601) |
(2.536) |
(36.964) |
|
Net cash flows from (used in) operating activities |
(0.346) |
(0.340) |
(40.364) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income *
365] |
36.61 |
36.45 |
30.60 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
9.97 |
10.01 |
11.93 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
38.80 |
35.88 |
24.45 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.14 |
0.17 |
0.22 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
11.29 |
6.79 |
6.63 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.80 |
0.82 |
0.85 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.69 |
2.06 |
2.66 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
3.96 |
4.44 |
5.52 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.03 |
0.05 |
0.07 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.19 |
1.65 |
2.09 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
0.36 |
0.34 |
0.28 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.63 |
1.54 |
1.77 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
8.10 |
8.35 |
11.52 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.23 |
1.20 |
1.15 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.67 |
0.74 |
0.76 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.20 |
0.18 |
0.15 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
3.07 |
3.44 |
5.37 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.23 |
1.20 |
1.15 |
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 |
22.000 |
42.000 |
42.000 |
|
Reserves & Surplus |
22.352 |
28.212 |
34.401 |
|
Net
worth |
44.352 |
70.212 |
76.401 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
118.046 |
144.577 |
128.829 |
|
Current maturities of
long-term debts |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
118.046 |
144.577 |
128.829 |
|
Debt/Equity
ratio |
2.662 |
2.059 |
1.686 |
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 |
1822.660 |
1743.666 |
1706.063 |
|
|
0.000 |
(4.334) |
(2.157) |
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 |
1822.660 |
1743.666 |
1706.063 |
|
Profit/ (Loss) |
5.109 |
5.861 |
6.188 |
|
|
0.28
% |
0.34
% |
0.36
% |
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
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 |
Yes |
|
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 |
CORPORATE INFORMATION
The company is engaged in wholesale trading and distribution of P&G Products
REVIEW OF BUSINESS
OPERATIONS AND FUTURE PROSPECTS
The Company continues to carry on the business within the scope of its Main Objects. There was no diversification of business during the Financial Year ended 31.03.2017. Currently, the Board does not intend to venture into any new segment of business. During the year Company has earned on income of INR 6.188 Million as compared to last year loss of INR 5.861 Million.
Steps are being taken to improve the performance of the Company during the current Financial Year.
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
SHORT-TERM
BORROWINGS |
|
|
|
Loans and advances from others |
116.162 |
0.000 |
|
Total |
116.162 |
0.000 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G07424575 |
10265347 |
BANK OF MAHARASHTRA |
31/01/2011 |
30/06/2016 |
- |
175000000.0 |
SUKERKAR MANSION,M. G. ROAD, PANAJI – 403001, GOA, INDIA |
|
2 |
B04981130 |
10067641 |
SYNDICATE BANK |
17/08/2007 |
11/05/2010 |
31/01/2011 |
30000000.0 |
HOTEL NOVA GOA BLDG, DR. A.B. ROAD, PANAJI, PANAJI – 403001, GOA, INDIA |
FIXED ASSETS:
Tangible Assets
·
Furniture and Fixture
·
Computer Equipment
·
Office Equipment
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
: |
PSD |
|
|
|
|
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.