|
|
|
MIRA INFORM REPORT
|
Report No. : |
498897 |
|
Report Date : |
21.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
AJMERA ELECTROTECH LLP |
|
|
|
|
Registered
Office : |
Flat No 255/257, D-2, 25th Floor, Karmashetra, S.S. Nagar, GTB Nagar,
Sion Koliwada, Mumbai – 400037, Maharashtra |
|
Mobile No.: |
91-9820455352 [Mr. Chintan Ajmera] |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
18.05.2012 |
|
|
|
|
Total Obligation
of Contribution: |
INR 14.516 Million |
|
|
|
|
LLPIN No.: |
AAA-9270 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Divulged |
|
|
|
|
GST No.: |
Not Divulged |
|
|
|
|
Legal Form : |
Limited Liability Partnership |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Industrial Switchgear, Plug Sockets, Panel Boards, LED Light Fittings, LED Marine Light Fitting etc. (Confirmed by management) |
|
|
|
|
No. of Employees
: |
35 (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 : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a limited liability partnership firm started in the year
2012 and it is having satisfactory track records. For the financial year 2017, the firm has increased in its revenue
from operations but reported losses. However, rating takes into consideration firm`s sound financial
profile marked by adequate capital base along with average debt balance
sheet. The firm also derives strength from its improving as well as decent
revenue profile. Trade relations are reported as fair, Business is active. Payment are
seems to be slow but correct. In view of aforesaid, the firm 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
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 21.03.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION PARTED BY [GENERAL DETAILS]
|
Name : |
Ms. Saloni Shah |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-27620296 |
|
Date : |
20.03.2018 |
LOCATIONS
|
Registered Office : |
Flat No 255/257, D-2, 25th Floor, Karmashetra, S.S. Nagar, GTB Nagar,
Sion Koliwada, Mumbai – 400037, Maharashtra, India |
|
Tel. No.: |
91-22-27620296 |
|
Mobile No.: |
91-9820455352 [Mr. Chintan Ajmera] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office/ Factory 1 : |
Ajmera House, Plot No. A-61, TTC Industrial Area, Khairane MIDC, Navi
Mumbai - 400705, Maharashtra, India |
|
Tel. No.: |
91-22-27620296/ 97/ 99 |
|
|
|
|
Factory 2 : |
G1 & G2/C Wing, Udhyog Bhavan No.2, Ambernath Industrial Park, Plot
No.K2, Anand Nagar, Additional Ambernath MIDC (East), Opposite Godrej
Company, District Thane-421506 Maharashtra, India |
PARTNERS
AS ON: 31.03.2017
|
Name : |
Mr. Chintan Narendra Ajmera |
|
Designation : |
Designated Partner |
|
Address : |
190/1, Veena Building Jain Society, Sion (West), Mumbai-400022,
Maharashtra, India |
|
Date of Appointment : |
18.05.2012 |
|
DPIN No.: |
03018236 |
|
|
|
|
Name : |
Mr. Jignesh Mahendra Ajmera |
|
Designation : |
Designated Partner |
|
Address : |
Flat No 255/257, D-2, 25th Floor Karmashetra, S.S. Nagar, Sion
Koliwada, Mumbai-400037, Maharashtra, India |
|
Date of Appointment : |
18.05.2012 |
|
DPIN No.: |
03018254 |
|
|
|
|
Name : |
Mr. Mahendra Ratilal Ajmera |
|
Designation : |
Partner |
|
Address : |
Flat No 255/257, D-2, 25th Floor Karmashetra, S.S. Nagar, Sion
Koliwada, Mumbai-400037, Maharashtra, India |
|
Date of Appointment : |
18.05.2012 |
|
PAN No.: |
AABPA0765H |
KEY EXECUTIVES
|
Name : |
Ms. Saloni Shah |
|
Designation : |
Accounts Manager |
CONTRIBUTION DETAILS
|
Names of Persons |
INR In Million |
|
Mahendra Ratilal Ajmera
|
0.130 |
|
Jignesh Mahendra Ajmera |
0.200 |
|
Chintan Narendra Ajmera |
0.170 |
|
|
|
|
Total |
0.500 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Industrial Switchgear, Plug Sockets, Panel Boards, LED Light Fittings, LED Marine Light Fitting etc. (Confirmed by management) |
|
|
|
|
Products : |
· Industrial Switchgear · Plug Sockets · Panel Boards · LED Light Fittings ·
LED Marine Light Fitting etc. |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
Bangladesh |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
Kenya |
|
|
|
|
Terms : |
|
|
Selling : |
Cheque and Credit [30, 60 and 90 Days] |
|
|
|
|
Purchasing : |
Cheque and Credit [30, 60 and 90 Days] |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
· Adinath Enterprises · Alka Tools · Amar Gases · Ambika Die Casting Industries · Essar Electro-control · H.N. Trading Co. · K K Engineering · KGN Packaging · K. K. Packaging · Jayshree Industries · Himanshu Ispat · Joti Sales Corporation |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Wholesaler, Retailers, End Users and OEMs
· Adani Power Maharashtra Limited · Bajaj Electricals Limited · Business Centre · CKT Multiples · Jay Electricals · Kaypee Enterprises · Micron Electricals · Nutech Engineering Services · Siemens Limited · Trade Link |
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
No. of Employees : |
35 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Manish Modi and Associates Chartered Accountants |
|
Address : |
Gita Building, 2nd Floor, Plot No.92, Next to HP Petrol Pump, Sion
Circle, Sion (East), Mumbai- 400022, Maharashtra, India |
|
Tel No.: |
91-22-24026648/ 24085928 |
|
Fax No.: |
91-22-24026648 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON: 31.03.2017
|
Partner Capital Account |
Amount (INR in Million) |
|
Fixed Capital |
|
|
Jignesh Mahendra Ajmera |
0.200 |
|
Chintan Narendra Ajmera |
0.170 |
|
Mahendra Ajmera |
0.130 |
|
|
0.500 |
|
Current Capital |
|
|
Jignesh Mahendra Ajmera |
3.703 |
|
Chintan Narendra Ajmera |
3.503 |
|
Mahendra Ajmera |
6.810 |
|
|
14.016 |
|
|
---------------- |
|
Total |
14.516 |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partner’s
Capital |
|
|
|
|
|
i.
Fixed Capital |
0.500 |
0.500 |
0.500 |
|
|
ii.
Current Capital |
14.016 |
15.531 |
14.465 |
|
|
2] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
14.516 |
16.031 |
14.965 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
18.321 |
19.228 |
11.718 |
|
|
2] Unsecured Loans |
15.233 |
13.540 |
8.079 |
|
|
TOTAL BORROWING |
33.554 |
32.768 |
19.797 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
48.070 |
48.799 |
34.762 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
12.658 |
13.695 |
14.145 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
18.672
|
23.551
|
17.065
|
|
|
Sundry Debtors |
19.138
|
17.295
|
13.288
|
|
|
Cash & Bank Balances |
0.057
|
0.288
|
0.967
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans, Advances and Deposits |
7.819
|
5.560
|
2.807
|
|
Total
Current Assets |
45.686
|
46.694
|
34.127
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
5.832
|
6.712
|
8.304
|
|
|
Other Current Liabilities |
3.916
|
4.132
|
4.435
|
|
|
Provisions |
0.526
|
0.746
|
0.771
|
|
Total
Current Liabilities |
10.274
|
11.590
|
13.510
|
|
|
Net Current Assets |
35.412
|
35.104
|
20.617
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
48.070 |
48.799 |
34.762 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
73.157 |
70.323 |
49.826 |
|
|
|
Other Income |
3.636 |
2.553 |
1.689 |
|
|
|
TOTAL |
76.793 |
72.876 |
51.515 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of goods sold |
52.866 |
44.739 |
29.321 |
|
|
|
Preliminary Expenses
|
0.017 |
0.009 |
0.006 |
|
|
|
Office and Administrative Expenses |
4.939 |
5.172 |
3.919 |
|
|
|
Selling and Distribution Expenses |
0.481 |
0.689 |
1.802 |
|
|
|
Excise Duty Paid |
3.351 |
4.101 |
1.322 |
|
|
|
Salary to partners |
1.560 |
1.330 |
0.000 |
|
|
|
Direct Expenses |
7.017 |
7.594 |
11.783 |
|
|
|
TOTAL |
70.231 |
63.634 |
48.153 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
6.562 |
9.242 |
3.362 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
4.905 |
4.045 |
1.480 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.657 |
5.197 |
1.882 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
1.677 |
1.856 |
1.990 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(0.020) |
3.341 |
(0.108) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.033 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT /(LOSS) AFTER TAX |
(0.053) |
3.341 |
(0.108) |
|
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 |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash flow from (used in) Operations |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
95.48 |
89.77 |
97.34 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.82 |
4.07 |
3.75 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
40.27 |
54.76 |
103.37 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.35 |
0.39 |
0.20 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.52 |
0.67 |
0.24 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.75 |
0.73 |
0.69 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.31 |
2.04 |
1.32 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.76 |
1.57 |
1.44 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.87 |
0.85 |
0.95 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.34 |
2.28 |
2.27 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
(0.07) |
4.75 |
(0.22) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(0.09) |
5.53 |
(0.22) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(0.37) |
20.84 |
(0.72) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.79 |
1.86 |
1.58 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.06 |
0.92 |
0.79 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.25 |
0.27 |
0.31 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
2.31 |
2.04 |
1.32 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.79 |
1.86 |
1.58 |
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
|
Particulars |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Capital Account |
|
|
|
|
Fixed Capital |
0.500 |
0.500 |
0.500 |
|
Current Capital |
14.465 |
15.531 |
14.016 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
14.965 |
16.031 |
14.516 |
|
|
|
|
|
|
Secured Loans |
11.718 |
19.228 |
18.321 |
|
Unsecured Loans |
8.079 |
13.540 |
15.233 |
|
Total
borrowings |
19.797 |
32.768 |
33.554 |
|
Debt/Equity
ratio |
1.323 |
2.044 |
2.312 |
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 |
49.826 |
70.323 |
73.157 |
|
|
|
41.137 |
4.030 |
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 |
49.826 |
70.323 |
73.157 |
|
Profit/ (Loss) |
(0.108) |
3.341 |
(0.053) |
|
|
(0.22%) |
4.75% |
(0.07%) |
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 |
No |
|
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 |
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 |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES: NO CHARGES
EXISTS FOR COMPANY
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Arunkuma Sanghvi |
0.000 |
0.600 |
|
Anita Nagda |
0.000 |
0.500 |
|
Deven Shah |
1.000 |
1.017 |
|
Dhilan Shah |
0.000 |
0.200 |
|
Dhirajlal Shah |
0.000 |
0.100 |
|
Deepali J. Ajmera (loan) |
2.400 |
0.000 |
|
Jignesh Ajmera Huf |
0.684 |
0.694 |
|
Kishorebhai Ratilal Ajmera Huf |
0.000 |
0.410 |
|
Kalpana Gala |
0.000 |
0.800 |
|
Mahendra Shah |
0.000 |
0.050 |
|
Manjula Bhaskar Shah |
0.000 |
0.500 |
|
Manjulal Shah |
0.000 |
0.100 |
|
Parag Ajmera Huf |
0.000 |
0.292 |
|
Parag Ajmera Huf |
0.000 |
0.276 |
|
Pravinchandra Bhikhalal Shah |
2.011 |
1.711 |
|
Purvi C. Maniyar (loan |
0.000 |
0.050 |
|
Rakesh Vora |
0.800 |
0.000 |
|
Rajnikanth Shah |
0.000 |
0.050 |
|
Rekha M. Ajmer |
1.418 |
1.440 |
|
Seema Rahul Pari |
3.000 |
1.135 |
|
Sejal C. Ajmera (loan) |
0.969 |
0.969 |
|
Sejal R Vora |
1.206 |
0.000 |
|
Shah Nutan Bhupendr |
0.000 |
0.500 |
|
Snehlata A. Shah |
1.745 |
2.146 |
|
|
|
|
|
Total |
15.233 |
13.540 |
FIXED ASSETS:
· Ambemath unit
· Air conditioner
· Computers
· Furniture and Fixture
· Toolsand Dies
· Machineries
· Vehicle
· Testing Equipment
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 :
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 65.20 |
|
UK Pound |
1 |
INR 91.49 |
|
Euro |
1 |
INR 80.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
Report Prepared
by : |
RUP |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.