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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

494223

Report Date :

20.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

MANISHA CREATIONS

 

 

Registered Office :

103/24/1, Foreshore Road, Binani Metal Complex, Shibpur, Howrah – 711102, West Bengal

Mobile No.:

91-9830058011 (Mr. Anirudh Pramod Kumar Khemka)

Website :

Not Available

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

08.01.2002

 

 

Capital Investment / Paid-up Capital :

INR 972.188 Lacs 

 

 

TIN No.:

19702303023

 

 

Central Sales Tax Registration Number :

19702303217

 

 

Entry Tax Registration Number :

19702303023

 

 

Central Excise Registration Number:

AAIFM3397CXM001

 

 

Central Excise Registration Number :

AAIFM3397CXM002

 

 

Service Tax Registration Number:

AAIFM3397CSD003

 

 

IEC No.:

0209009462

 

 

MSME Registration Number / CA Certificate Date

190161204234

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

GSTIN :

19AAIFM3397C1Z3

 

 

PAN No.:

[Permanent Account No.]

AAIFM3397C

 

 

SSI Reg. No.:

--

 

 

Shop & Establishment Certificate No.

--

 

 

Udyog Aadhaar No.:

--

 

 

Legal Form :

Partnership Concern with an Unlimited Liability of the Partners

 

 

Line of Business :

Manufacturing of Printed Packaging Boxes and Inner Cards Made of Duplex Board and Kraft Paper. 

 

 

No. of Employees :

50 (Approximately)

 

 

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

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is a partnership firm established in the year 2002.

 
It is a manufacturer of printed packaging boxes and inner cards made of duplex board and Kraft Paper.


Mr. Anirudh Khemka (Partner) provided information about the subject to us.

As per the financials of 2017, the firm has reported dip in its revenue by 13.05% as compared to the previous year but has managed to maintain an average profit margin of 1.36%.


The sound financial risk profile of the firm is marked by sufficient net worth base along with negligible debt balance sheet profile.


Payment seems to be usually correct.


In view of aforesaid, the firm can be considered for business dealings at usual trade terms and conditions.

 
Note: Site visit was conducted at the address – 103/24/1, Foreshore Road, Shibpur, Howrah, 711102. Our executive has successfully traced the subject on the address.


At the premises, our executive met Mr. Anirudh Khemka.


Further, our executive also enquired with neighbour companies (Rajshree Mechanical Udyog Private Limited and Prism Knit Fab Private Limited).


As per our executive’s observation, it is a 3 storey building and subject is situated on 1st and 2nd floor. Area of premises seems to be 5400 sq. ft. and number of employees sighted at the premises were 50. Level of operation is high. Locality seems to be industrial and area appears to be upmarket.


Location was easy to find and we have sighted subject’s name board.

 

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

(30.06.2017)

Current Rating

(30.09.2017)

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

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 20.03.2018

 

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

 

Name :

Mr. Anirudh Pramod Kumar Khemka

Designation :

Partner

Contact No.:

91-9830058011

Date :

24.02.2018

 

 

LOCATIONS

 

Registered Office / Factory :

103/24/1, Foreshore Road, Binani Metal Complex, Shibpur, Howrah – 711102, West Bengal, India

Tel. No.:

91-33-26373995

Mobile No.:

91-9830058011 (Mr. Anirudh Pramod Kumar Khemka)

91-9836310350 (Mr. Siddhartha Pawan Kumar Singhania)

Fax No.:

91-33-26412603

E-Mail :

anir3995@yahoo.com

Area :

5400 sq. ft.

Location :

Industrial (As per site visit)

 

 

PARTNERS

 

As on 31.03.2017

 

Name :

Mr. Anirudh Pramod Kumar Khemka

Designation :

Partner

Address :

117, Block F, New Alipore, Majerhal, New Alipore, Kolkata – 700053, West Bengal, India

Date of Birth/Age :

05.03.1972

Aadhaar Card No.:

825651597214

PAN No.:

AFOPK6596A

 

 

Name :

Mr. Siddhartha Pawan Kumar Singhania

Designation :

Partner

Address :

Block –A, 10th Floor, Flat – 1, 3B, Camac Street, Near Vardan Market, P.S. – Shakespeare Sarani, Park Street, Circus Avenue, Kolkata – 700016, West Bengal, India

Date of Birth/Age :

30.12.1980

Aadhaar Card No.:

238121629928

Email :

balajimotors2007@gmail.com

PAN No.:

ATBPS8447B

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturing of Printed Packaging Boxes and Inner Cards Made of Duplex Board and Kraft Paper. 

 

 

Products :
  • Printed Packaging Boxed
  • Inner Cards Made of Duplex Board
  • Kraft Paper

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

PRODUCTION STATUS NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :
  • Balaji Enterprises
  • Balaji Solutions Private Limited
  • Bhagwati Enterprise
  • Dhanuka Industrial Corporation
  • D.S. Enterprises
  • Dynamic Enterprise
  • Eco Tech Papers
  • Ever Right Trading Corporation
  • Hari Om Enterprise
  • Himalaya Paper Company
  • Indian Pulp and Paper Private Limited
  • Kamala Board Box Private Limited
  • K.K. Enterprises
  • N.N. Enterprise
  • Nyloplate Engravers
  • Prakash Graphics Private Limited
  • Quickwell Packagings Private Limited
  • R.A. Trading Co.
  • S.A. Paper Private Limited
  • Shree Krishna Commercial Corporation
  • Shyam Traders
  • Sudarshan Paper and Board Private Limited
  • Tirupati Trading Company
  • Variance
  • Yacika Oil Company

 

Reference :

Artize Die Makers

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

 

  • Lux Industries Limited, Kolkata
  • Turtle Limited, Howrah
  • Aradhya Marketing
  • Arpita Apparels
  • Balajee Enterprises
  • Balaji Solutions Private Limited.
  • Birla Corporation Limited
  • Central Textile Mills
  • Century Aluminium Works
  • Dollar lndustries Limited
  • East Coast Distributors Private Limited
  • Ebel Fashions Private Limited
  • Everest Garments
  • Gliding Garments Private Limited
  • Harbans Lal Malhotra and Sons Shaving Private Limited
  • Kothari Hosiery Factory Private Limited
  • S.D. Enterprise
  • Sandip Enterprise
  • Shree Krishna Hosiery Private Limited
  • Shri Manoj Textile Mills
  • Sinha and Company
  • Solace Fashions Private Limited
  • Sreepati Hosiery Mills Private Limited
  • Sunkwik Appliances Private Limited
  • Swathe Garments Private Limited
  • Tandon Textile

 

Reference :

J G Hosiery Private Limited, Kolkata

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

50 (Approximately) 

 

 

Bankers :

Bank Name

Citi Bank

Branch

Kanak Building, 41, Chowringhee Road, Kolkata – 700071, West Bengal, India

Person Name (With Designation)

MR. Rahul Agarwal

Email :

rahul3.agarwal@citi.com

Contact Number

91-33-44003478 / 9831283081

Name of Account Holder

--

Account Number

0710067007

IFSC Code  / NEFT / RTGS:

CITI0000001

MICR No:

700037002

Account Since (Date/Year of Account Opening)

--

Average Balance Maintained (If Possible)

--

Credit Facilities Enjoyed (If any)

--

Type of Account :

Cash Credit = INR 1350.000 Lacs

Account Operation

--

Remarks (If any)

--

 

 

Facilities :

Secured Loan

31.03.2017

(INR in Lacs)

31.03.2016

(INR in Lacs)

Cash Credit Loan from Citi Bank N.A. - 41, Chowringhee Road, Kolkata – 71 In Account No. 0710067007, (Secured by hypothecation of Stocks and Book Debts)

1101.342

1117.938

Car Loan from HDFC Bank Limited (Secured by Mortgage of Motor Car)

0.951

3.606

Car Loan from lClCl Bank Limited (Secured by Mortgage of Motor Car)

8.560

0.000

Total

1110.853

1121.544

 

Auditors :

 

Name :

R. Das and Associates

Chartered Accountants

Address :

Room No.: 302A, 1A, Ashutosh Mukherjee Road, Kolkata – 700 020, West Bengal, India

Tel. No.:

91-33-24768439 / 24768440

E-Mail :

caripdas@gmail.com

Membership No.:

053912

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Available

 

 

 

 

CAPITAL STRUCTURE

 

As on 31.03.2017

 

PARTNERS CAPITAL ACCOUNT

31.03.2017

 

Mr. Anirudh Khemka

 

 

As per last Account

717.445

 

Add: Introduced during the Year

488.772

 

 

1206.218

 

Less: withdrawals during the Year

485.765

 

 

720.453

 

Add: Interest Paid on Capital

13.424

 

 

733.877

 

Add: Share of Appropriated Profit for the year

27.509

761.386

 

 

 

Mr. Sidharth Sinqhania

 

 

As per last Account

203.572

 

Add: Introduced during the Year

--

 

 

203.572

 

Less: Withdrawals during the Year

38.600

 

 

164.972

 

Add: Interest Paid on Capital

18.321

 

 

27.509

210.802

Add: Share of Appropriated Profit for the year

 

 

Total

 

972.188

 

 

FINANCIAL DATA

[all figures are in INR Lacs]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2017

31.03.2016

31.03.2015

SHAREHOLDERS FUNDS

 

 

 

1] Share Capital

972.188

921.018

918.956

2] Share Application Money

0.000

0.000

0.000

3] Reserves & Surplus

0.000

0.000

0.000

4] (Accumulated Losses)

0.000

0.000

0.000

NETWORTH

972.188

921.018

918.956

LOAN FUNDS

 

 

 

1] Secured Loans

1110.853

1121.544

1160.222

2] Unsecured Loans

251.834

261.396

201.779

TOTAL BORROWING

1362.687

1382.940

1362.001

DEFERRED TAX LIABILITIES

0.000

0.000

0.000

 

 

 

 

TOTAL

2334.875

2303.958

2280.957

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

104.508

107.384

123.673

Capital work-in-progress

0.000

0.000

0.000

 

 

 

 

INVESTMENT

375.754

328.478

189.877

DEFERREX TAX ASSETS

0.000

0.000

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories
758.358
657.333
804.725

 

Sundry Debtors
1273.101
1186.151
1050.247

 

Cash & Bank Balances
5.735
7.209
8.124

 

Other Current Assets
0.000
0.000
0.000

 

Loans & Advances
332.317
349.441
447.744

Total Current Assets
2369.511
2200.134
2310.840

Less : CURRENT LIABILITIES & PROVISIONS
 
 
 

 

Sundry Creditors
489.771
293.854
299.611

 

Other Current Liabilities
0.000
0.000
0.000

 

Provisions
25.127
38.184
43.822

Total Current Liabilities
514.898
332.038
343.433

Net Current Assets
1854.613
1868.096
1967.407

 

 

 

 

MISCELLANEOUS EXPENSES

0.000

0.000

0.000

 

 

 

 

TOTAL

2334.875

2303.958

2280.957

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Income

4052.660

4660.945

4559.251

 

Other Income

5.588

8.675

9.982

 

TOTAL

4058.248

4669.620

4569.233

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

3406.707

3961.733

3780.792

 

Direct Expenses:

 

 

 

 

Printing Charges

60.947

57.275

67.038

 

Central Excise Duty Paid

101.618

116.717

160.407

 

Commission Paid on Purchase

1.576

1.479

0.431

 

Custom Duty

17.480

0.000

0.000

 

Clearing and Forwarding Charges

0.169

0.000

0.000

 

Insurance Charges Paid on Purchase

0.000

0.006

0.006

 

Transportation Charges

3.690

17.137

21.091

 

Administrative, Selling and Distribution Overheads

366.705

383.887

388.683

 

TOTAL

3958.892

4538.234

4418.448

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

99.356

131.386

150.785

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

19.211

21.099

21.978

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

80.145

110.287

128.807

 

 

 

 

 

Less

TAX

25.127

38.184

43.823

 

 

 

 

 

 

NET PROFIT

55.018

72.103

84.984

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

114.66

92.89

84.08

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

3.18

3.93

4.34

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

52.47

27.07

28.92

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

0.13

0.20

0.19

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

0.95

1.22

1.22

 

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.66

0.65

0.65

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

1.40

1.50

1.48

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

0.79

0.64

0.59

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.11

0.12

0.13

 

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

((PAT / Sales) * 100)

%

1.36

1.55

1.86

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

1.93

2.74

3.24

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

5.66

7.83

9.25

 

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

3.09

3.71

4.24

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

2.10

2.60

2.76

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.34

0.35

0.35

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

1.40

1.50

1.48

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

3.09

3.71

4.24

 

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

 

FINANCIAL ANALYSIS

[all figures are INR Lacs]

 

DEBT EQUITY RATIO

 

Particular

31.03.2015

31.03.2016

31.03.2017

 

INR in Lacs

INR in Lacs

INR in Lacs

Partner’s Capital

918.956

921.018

972.188

Reserves & Surplus

0.000

0.000

0.000

Net worth

918.956

921.018

972.188

 

 

 

 

Secured Loan

1160.222

1121.544

1110.853

Unsecured Loan

201.779

261.396

251.834

Total borrowings

1362.001

1382.940

1362.687

Debt/Equity ratio

1.482

1.502

1.402

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2015

31.03.2016

31.03.2017

 

INR in Lacs

INR in Lacs

INR in Lacs

Sales

4559.251

4660.945

4052.660

 

 

2.230

(13.051)

 

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2015

31.03.2016

31.03.2017

 

INR in Lacs

INR in Lacs

INR in Lacs

Sales

4559.251

4660.945

4052.660

Profit / (Loss)

84.984

72.103

55.018

 

1.86%

1.55%

1.36%

 

 

 

 

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

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

Yes

12

Voter Id Card No. of Proprietor / Partners

Yes

13

Type of business

Yes

14

Line of Business

Yes

15

Export/import details (if applicable)

No

16

No. of employees

Yes

17

Details of sister concerns

No

18

Major suppliers

Yes

19

Major customers

Yes

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

No

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

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

UNSECURED LOAN

 

Unsecured Loan

31.03.2017

(INR in Lacs)

31.03.2016

(INR in Lacs)

Allied Commodities Private Limited

7.000

7.000

Anil Kumar Bagaria HUF

5.000

5.000

Chandra Kishore Daga

2.000

2.000

Ekta Shah

0.000

2.510

Jay Agarwal

5.000

5.000

Kamal Kumar Jain

0.000

5.000

Kanchan Devi Daga

10.000

5.000

Manaksia Ltd.

57.010

58.637

Manju Devi Khemka

7.188

7.131

Manna LalSureka

5.000

5.000

Murari Lal Khetan

25.746

15.000

Pankaj Balasaria (HUF)

0.000

15.000

Pawan Kumar Agarwal (HUF)

11.000

11.000

Pawan Kumar Jhunjhunwala

2.382

2.382

Pawan Kumar Tantia HUF

5.000

5.000

Piyush Karwa

2.000

2.000

Prahlad RaiAganval

2.000

2.000

Rajesh Kejriwal

5.000

5.000

Ramdeo Madanlal

5.000

5.000

Rekha Jain

5.000

5.000

Sangita Daptry

15.000

15.000

Shashi Kumar Shah

5.428

5.020

Shriram Bagaria (HUF)

4.000

4.000

Siddharth Shyamsukha

5.000

5.000

Subhash Aganrual

5.000

5.000

Sudhir Kumar Jhunjhunwala

2.216

2.216

Surendra Kumar Daptry

5.000

5.000

Surendra Kumar Daptry HUF

5.000

5.000

Surendra Kumar Goel

0.000

5.000

Surendra Kumar Sah

10.364

10.000

Sweta Bhuwania

3.000

3.000

Sweta Pasari

4.000

4.000

Tanisha Bhuwania

3.500

3.500

Umang Aganrval

8.000

5.000

Vijaymala Devi Sanwalka

15.000

15.000

Total

251.834

261.396

 

 

FIXED ASSETS

 

 

 

OBSERVATION FORM

 

 

COMPANY NAME: MANISHA CREATIONS

 

ADDRESS: 103/24/1, Foreshore Road, Binani Metal Complex, Shibpur, Howrah – 711102, West Bengal, India

 

CONTACT NO: 91-33-26373995   EMAIL: anir3995@yahoo.com

 

PERSON TO WHOM WE MET: Mr. Anirudh Pramod Kumar Khemka DESIGNATION: Partner

 

NAME BOARD: SIGHTED

 

LOCATION: EASY

 

LANDMARK (IF ANY): BINANI METAL COMPLEX

 

TOTAL FLOORS OF THE BUILDING: 3 storey

 

SUBJECT SITUATED ON :  Both 1st and  2nd FLOOR

 

LOCALITY: INDUSTRIAL 

 

AREA OF PREMISES: 5400 (SQ. FT.)

 

AREA: UPMARKET 

 

LEVEL OF OPERATION: HIGH

 

NO. OF EMPLOYEES SEEN AT PREMISES: 50

 

VISIBILITY OF ITEMS:

 

TELEPHONE

FAX MACHINE

COMPUTERS

AIR CONDITIONER

OFFICE EQUIPMENT

XEROX MACHINE

 

FURNITURE ITEMS SIGHTED: YES

 

NEIGHBOUR’S INTERVIEW

1) NAME OF COMPANY: Rajshree Mechanical Udyog Private Limited CONTACT PERSON NAME: Staff (Name Not Divulged)

 

2) NAME OF COMPANY: Prism Knit Fab Private Limited CONTACT PERSON NAME: Staff (Name Not Divulged)

 

 

PROOF OF VISIT:  VISITING CARD / PHOTOGRAPH

 

PHOTOGRAPHS: Interior with name board / Interior/ Shop Floor / Stock etc.  

 

Details of the person conducting visit:

 

Name :

Somnath Banerjee

Designation :

Field Executive

Contact No.:

91-9804112054

Date :

17.03.2018

PICTURES

   

 

  

 

    

 

  

 

  

 

  

 

   

 

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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 (as on 20.03.2018) (date of report) :

            No press reports / filings exists on the subject.

 

INFORMATION DETAILS

 

Information Gathered by :

PRT

 

 

Analysis Done by :

PRY

 

 

Report Prepared by :

SUJ

 

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

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)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.
 
 

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