|
|
|
MIRA INFORM REPORT
|
Report No. : |
498310 |
|
Report Date : |
21.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
SINGLA TIMBERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-41, Under Bridge Road, Rajpura Town, Rajpura, District Patiala – 140401, Punjab |
|
Tel. No.: |
91-1762-223084 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
19.06.2009 |
|
|
|
|
Com. Reg. No.: |
16-032944 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 6.788 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909PB2009PTC032944 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
3009017405 |
|
|
|
|
TIN No.: |
03042072145 |
|
|
|
|
GSTN : [Goods & Service Tax Registration
No.] |
03AANCS8285R1ZB |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AANCS8285R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Wholesale
and Trader of Timber of Pine, Sawn Timber of Pine, Hard wood form, Break
bulk, Plywood form, Plywood Pine Sawns, Sawn Timber etc. Importer of Timbers
and Logs. [Registered Activity & also Confirmed by management] |
|
|
|
|
No. of Employees
: |
150 (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 |
|
Maximum Credit Limit : |
USD 229900 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject was incorporated in the year 2009. It is a trader and importer
of timber and logs. For the financial year 2017, the company has achieved revenue growth
of 18.52% as compared to the previous year but has reported a low profit
margin of 0.50%. The satisfactory financial risk profile of the company is marked by
adequate net worth base along with negligible debt balance sheet profile. Rating is constrained on account of subject’s susceptibility to
volatility in raw material prices and foreign exchange (forex) Rates. Payment seems to be slow but correct. 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 |
CRISIL |
|
Rating |
Long Term Borrowing BB- |
|
Rating Explanation |
Moderate risk of default |
|
Date |
26.09.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term Borrowing A4+ |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk |
|
Date |
26.09.2017 |
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 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
|
Name : |
Mr. Pankaj Kumar |
|
Designation : |
Account Manager |
|
Contact No.: |
91-9855550987 |
|
Date : |
20.03.2018 |
LOCATIONS
|
Registered Office/ Head Office : |
B-41, Under Bridge Road, Rajpura Town, Rajpura, District Patiala – 140401, Punjab, India |
|
Tel. No.: |
91-1762-223084/226387/221117 |
|
Mobile No.: |
91-9855550987 (Mr. Pankaj Kumar) |
|
Fax No.: |
Not Available |
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E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Warehouse: |
Gandhidham – 370201, Gujarat, India |
|
|
|
|
Branch Office 1 : |
Survey No. 548/1 Mithirohar, Gandhidham, Kutch – 370201, Gujarat,
India |
|
Mobile No. : |
91-9825027984 (Mr. Amit Jindal) |
|
E-Mail : |
|
|
|
|
|
Branch Office 2 : |
23/2, Gobind Nagar, Ambala Cantt, Ambala – 133001, Haryana, India |
|
Mobile No. : |
91- 99968-61560 (Mr. Arpit Gupta) |
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E-Mail : |
|
|
|
|
|
Branch Office 3 : |
Toph Sherkhania Akhnoor Road, Jammu – 181201, Jammu
and Kashmir, India |
|
Mobile No. : |
91- 96222-20697 (Mr. Kuldeep Rana) |
|
|
|
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Rajeev Kumar |
|
Designation : |
Managing Director |
|
Address : |
R/o 3618, Timber Market, Ambala Cantt, Ambala, Haryana, India |
|
Date of Birth/Age : |
07.07.1965 |
|
Date of Appointment : |
19.06.2009 |
|
Experiences: |
8 Years |
|
DIN No.: |
02611091 |
|
|
|
|
Name : |
Mr. Arpit Gupta |
|
Designation : |
Director |
|
Address : |
R/o 3618, Timber Market, Ambala Cantt, Ambala, Haryana, India |
|
Date of Birth/Age : |
26.11.1967 |
|
Date of Appointment : |
02.04.2010 |
|
Experiences: |
8 Years |
|
DIN No.: |
03026549 |
KEY EXECUTIVES
|
Name : |
Mr. Pankaj Kumar |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Rajeev Kumar |
206000 |
30.35 |
|
Anjali Gupta |
24000 |
3.54 |
|
Sahil Gupta |
152000 |
22.39 |
|
Rajeev Kumar (HUF) |
3000 |
0.44 |
|
Arpit Gupta |
50000 |
7.37 |
|
Alpna Gases Limited, India |
26500 |
3.90 |
|
Bhumiputra (India) Limited, India |
70000 |
10.31 |
|
Sino Credits and Leasing Limited, India |
45000 |
6.63 |
|
Brig. R.K. Garg |
23400 |
3.45 |
|
Pulkit Gupta |
30000 |
4.42 |
|
Amit Mehta |
48850 |
7.20 |
|
Total |
678750 |
100.00 |
AS ON 30.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters – [Individual/Hindu Undivided Family – Indian] |
37.72 |
|
Public/Other than promoters - [Individual/Hindu Undivided Family – Indian] |
41.44 |
|
Public/Other than promoters -[Bodies corporate] |
20.84 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Wholesale
and Trader of Timber of Pine, Sawn Timber of Pine, Hard wood form, Break bulk,
Plywood form, Plywood Pine Sawns, Sawn Timber etc. Importer of Timbers and
Logs. [Registered Activity & also Confirmed by management] |
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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 : |
|
||||||||
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Products : |
Timber and Logs |
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Countries : |
·
Malaysia · United States of America · Europe · Canada · South America |
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Terms : |
|||||||||
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Selling : |
Advance Payment and RTGS |
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Purchasing : |
Advance Payment and RTGS |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
·
Harsharan Timbers Traders ·
Nirmal Singh and Sons |
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|
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Customers : |
End Users and OEM’s · Pargan Singapore Pte. Limited ·
Ruffor (S) Limited, Singapore |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
HDFC Bank Limited, HDFC
Bank House Senapati Bapat Marglower Parel (West) Mumbai-400013, Maharashtra,
India |
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Miglani Rakesh and Associates Chartered Accountants |
|
Address : |
29,Guru Nanak Colony, Near Income Tax Office, Rajpura – 140401,
Punjab, India |
|
Tel. No.: |
91-1762-225123 |
|
Mobile No.: |
91-97790-25123 |
|
E-Mail : |
|
|
PAN No.: |
ACEPM4088L |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
INR 10/- each |
INR 30.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
678750 |
Equity Shares |
INR 10/- each |
INR 6.788 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 |
6.787 |
6.787 |
6.787 |
|
(b) Reserves &
Surplus |
73.688 |
69.561 |
67.512 |
|
(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) |
80.475 |
76.348 |
74.299 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
18.510 |
10.001 |
8.850 |
|
(b) Deferred tax
liabilities (Net) |
0.279 |
0.331 |
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) |
18.789 |
10.332 |
8.850 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
8.429 |
29.315 |
44.697 |
|
(b) Trade payables |
182.630 |
184.797 |
177.708 |
|
(c) Other current
liabilities |
7.097 |
8.999 |
0.000 |
|
(d) Short-term provisions |
8.081 |
4.758 |
7.172 |
|
Total Current Liabilities
(4) |
206.237 |
227.869 |
229.577 |
|
|
|
|
|
|
TOTAL |
305.501 |
314.549 |
312.726 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
18.273 |
17.897 |
19.117 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.508 |
|
(d) Long-term Loan and Advances |
2.733 |
2.733 |
2.732 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.042 |
|
Total Non-Current Assets |
21.006 |
20.630 |
22.399 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
125.670 |
111.760 |
66.463 |
|
(c) Trade receivables |
95.027 |
134.541 |
165.182 |
|
(d) Cash and cash
equivalents |
37.834 |
27.021 |
36.412 |
|
(e) Short-term loans and
advances |
23.878 |
20.074 |
20.410 |
|
(f) Other current assets |
2.086 |
0.523 |
1.860 |
|
Total Current Assets |
284.495 |
293.919 |
290.327 |
|
|
|
|
|
|
TOTAL |
305.501 |
314.549 |
312.726 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
818.559 |
690.631 |
875.382 |
|
|
Other Income |
2.482 |
2.476 |
2.853 |
|
|
TOTAL |
821.041 |
693.107 |
878.235 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
720.135 |
620.028 |
747.604 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(17.033) |
(42.175) |
(6.045) |
|
|
Employees benefits
expense |
6.152 |
6.037 |
7.224 |
|
|
Extraordinary Items |
0.000 |
0.000 |
2.082 |
|
|
Other expenses |
99.903 |
96.934 |
116.838 |
|
|
TOTAL |
809.157 |
680.824 |
867.703 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
11.884 |
12.283 |
10.532 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
5.257 |
6.479 |
5.907 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
6.627 |
5.804 |
4.625 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
0.785 |
1.352 |
1.268 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
5.842 |
4.452 |
3.357 |
|
|
|
|
|
|
|
Less |
TAX |
1.716 |
2.403 |
1.751 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
4.126 |
2.049 |
1.606 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
4.126 |
2.049 |
1.606 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
68.724 |
433.859 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL IMPORTS |
68.724 |
433.859 |
0.000 |
|
|
|
|
|
|
|
|
EARNINGS / (LOSS) PER
SHARE (INR) |
6.08 |
3.02 |
2.37 |
Expected Sales (2017-2018): INR 101.000 Million
The above information has been parted by Mr. Pankaj Kumar (Account
Manager)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.400 |
0.000 |
0.000 |
|
Cash generated from operations |
NA |
0.690 |
NA |
|
Net cash flow from operating activities |
NA |
8.934 |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income *
365] |
42.37 |
71.11 |
68.87 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
8.61 |
5.13 |
5.30 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
92.57 |
108.79 |
86.76 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.09 |
0.11 |
0.16 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.65 |
0.69 |
0.55 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.74 |
0.76 |
0.76 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.34 |
0.51 |
0.72 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.56 |
2.98 |
3.09 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.23 |
0.23 |
0.26 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.26 |
1.90 |
1.78 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
0.50 |
0.30 |
0.18 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.35 |
0.65 |
0.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
5.13 |
2.68 |
2.16 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.38 |
1.29 |
1.26 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.77 |
0.80 |
0.98 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.26 |
0.24 |
0.24 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
4.03 |
5.79 |
7.89 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.38 |
1.29 |
1.26 |
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 |
6.787 |
6.787 |
6.787 |
|
Reserves & Surplus |
67.512 |
69.561 |
73.688 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
74.299 |
76.348 |
80.475 |
|
|
|
|
|
|
Long Term borrowings |
8.850 |
10.001 |
18.510 |
|
Short Term borrowings |
44.697 |
29.315 |
8.429 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.400 |
|
Total
borrowings |
53.547 |
39.316 |
27.339 |
|
Debt/Equity
ratio |
0.721 |
0.515 |
0.340 |
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
|
875.382 |
690.631 |
818.559 |
|
|
|
(21.105) |
18.523 |
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
|
875.382 |
690.631 |
818.559 |
|
Profit |
1.606 |
2.049 |
4.126 |
|
|
0.18% |
0.30% |
0.50% |
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 |
-- |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGE:
|
S N o |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G64301567 |
100135620 |
HDFC BANK LIMITED |
25/09/2017 |
- |
- |
335000000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARGLOWER PAREL (WEST) MUMBAI-400013, MAHARASHTRA, INDIA |
|
2 |
C06236376 |
10214803 |
State Bank of India |
02/04/2010 |
15/05/2014 |
- |
325500000.0 |
RAJPURA TOWN BRANCH RAJPURA-140401, PUNJAB, INDIA |
|
3 |
G37513439 |
10214650 |
STATE BANK OF INDIA |
02/04/2010 |
- |
06/03/2017 |
8300000.0 |
MAIN BRANCH RAJPURA-140401, PUNJAB, INDIA |
FIXED ASSETS:
Tangible Assets
·
Land
·
Building
·
Plant and Machinery
·
Vehicles
·
Furniture and Fixture
·
Computer
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 65.21 |
|
|
1 |
INR 91.32 |
|
Euro |
1 |
INR 79.96 |
INFORMATION DETAILS
|
Information
Gathered by : |
ARC |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
PJP |
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.