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|
MIRA INFORM REPORT
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Report No. : |
498635 |
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Report Date : |
22.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
LABDHI INTERNATIONAL PRIVATE LIMITED |
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Registered
Office : |
1st Floor, Ashirvad Paras Corporate House No. 2, Opposite Prahladnagar Garden, Ahmedabad – 380015, Gujarat |
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Tel. No.: |
91-79-61907373 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
18.02.2011 |
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Com. Reg. No.: |
04-064073 |
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Capital
Investment / Paid-up Capital : |
INR 35.000 Million |
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CIN No.: [Company Identification
No.] |
U24130GJ2011PTC064073 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCL9559M |
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GSTN : [Goods & Service Tax
Registration No.] |
24AABCL9559M2ZW |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Trader of Different types of Polymers and Chemicals as well as Packaging materials. The company is also a Distributor for Haldia Petrochemicals Limited, (Polymer Division) for Gujarat region. (Registered activity) |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2011 and it is a dealer of polymers, chemicals and packaging materials. It is also a distributor for Haldia Petrochemicals Limited in Gujarat region. As per financials of March 2017, the company has registered decline in its revenue as compared to its previous year’s revenue and has reported minimal profit margin. Rating takes into consideration the company’s moderate track record of business operations along with low reserves and average debt coverage indicators. However, rating weakness is partially offset by sound capital base of the company. Payments seems to be slow but correct. In view of aforesaid, the company can be considered for business dealings with some caution. |
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 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
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Rating |
Long Term Rating = B- (Issuer Non-Cooperative) |
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Rating Explanation |
Risk-prone-cerdit-quality and carries very high credit risk |
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Date |
01.03.2018 |
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Rating Agency Name |
CRISIL |
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Rating |
Short Term Rating = A4 (Issuer Non-Cooperative) |
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Rating Explanation |
Minimal degree of safety and very high credit risk |
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Date |
01.03.2018 |
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 22.03.2018
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
MANAGEMENT NON-COOPERATIVE (TEL NO.: 91-79-61907373)
LOCATIONS
|
Registered Office : |
1st Floor, Ashirvad Paras Corporate House No. 2, Opposite Prahladnagar Garden, Ahmedabad – 380015, Gujarat |
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Tel. No.: |
91-79-61907373 |
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Mobile No.: |
91-9727719128 (Mr. Ankit Umeshbhai Doshi) |
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Fax No.: |
91-79-61907320 / 61907330 |
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E-Mail : |
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Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Sujal Umeshbhai Doshi |
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Designation : |
Director |
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Address : |
7, Shrushti Bunglows, Near Ashwamegh, 4B Extn., 132 Ft. Ring Road, Satellite Ahmedabad – 380015, Gujarat, India |
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Date of Birth/Age : |
06.04.1978 |
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Date of Appointment : |
18.02.2011 |
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DIN No.: |
03103072 |
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Other Directorship:
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Name : |
Mr. Ankit Umeshbhai Doshi |
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Designation : |
Additional Director |
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Address : |
7, Shrushti Bunglows, Near Ashwamegh, 4B Extn., 132 Ft. Ring Road, Satellite Ahmedabad – 380015, Gujarat, India |
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Date of Birth/Age : |
09.06.1983 |
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Date of Appointment : |
18.02.2011 |
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PAN No.: |
AEQPD90I9J |
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DIN No.: |
05207484 |
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Other Directorship:
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Equity
Shares |
|
Umesh Nagindas Doshi |
|
419979 |
|
Sujal Umeshbhai Doshi |
|
800000 |
|
Ankit Umeshbhai Doshi |
|
40000 |
|
Akshat Jigishbhai Doshi |
|
380000 |
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Jigish Nagindas Doshi |
|
180000 |
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Shantilal Gamnaji Shah |
|
1 |
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Doshi Marketing |
|
10 |
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Bhavnaben Jigishbhai Doshi |
|
180000 |
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Jigish Plastic |
|
10 |
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Total |
|
2000000 |
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Names of Shareholders |
|
No. of
Preference Shares |
|
Jayshreeben Umeshbhai Doshi |
|
801000 |
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Sujal Umeshbhai Doshi |
|
144000 |
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Bhavnaben Jigishbhai Doshi |
|
545000 |
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Akshat Jigishbhai Doshi |
|
10000 |
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Total |
|
1500000 |
Equity Share Break up (Percentage of Total Equity)
As on 27.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Different types of Polymers and Chemicals as well as Packaging materials. The company is also a Distributor for Haldia Petrochemicals Limited, (Polymer Division) for Gujarat region. (Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
NOTE : Working capital loan from banks are secured by hypothecation of stock and trade receivable, movable and immovable fixed assets of the company and also personal guarantee of the Director. The Working capital loan is repayable on demand) |
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Auditors : |
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Name : |
R N C A and Associates Chartered Accountants |
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Address : |
402, Suyojan Tower, Hotel President Lane, C.G. Road, Ahmedabad –
380009, Gujarat, India |
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Tel. No.: |
91-79-30022330 |
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Email.: |
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Website : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AATFA5004D |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprise over which
Key Management Personnel and their relative exercise significant influence
with whom transaction have taken place during the year : |
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CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2100000 |
Equity Shares |
INR 10/- each |
INR 21.000 Million |
|
1500000 |
12% Redeemable, Non-cumulative, Non-convertible Preference Shares |
INR 10/- each |
INR 15.000 Million |
|
|
Total |
|
INR 36.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
INR 10/- each |
INR 20.000
Million |
|
1500000 |
12% Redeemable, Non-cumulative, Non-convertible Preference Shares |
INR 10/- each |
INR 15.000 Million |
|
|
Total |
|
INR 35.000
Million |
FINANCIAL DATA
[all figures are
in 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 |
35.000 |
35.000 |
35.000 |
|
(b) Reserves & Surplus |
6.547 |
4.492 |
4.176 |
|
(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) |
41.547 |
39.492 |
39.176 |
|
|
|
|
|
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(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
64.078 |
65.826 |
42.873 |
|
(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) |
64.078 |
65.826 |
42.873 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
123.695 |
89.365 |
76.392 |
|
(b) Trade payables |
96.427 |
93.354 |
60.126 |
|
(c) Other current liabilities |
6.675 |
2.675 |
1.485 |
|
(d) Short-term provisions |
2.168 |
2.171 |
2.174 |
|
Total
Current Liabilities (4) |
228.965 |
187.565 |
140.177 |
|
|
|
|
|
|
TOTAL |
334.590 |
292.883 |
222.226 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
0.935 |
1.287 |
1.831 |
|
(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 |
0.030 |
0.029 |
0.028 |
|
(c) Deferred tax assets (net) |
0.531 |
0.551 |
0.519 |
|
(d) Long-term Loan and Advances |
12.621 |
12.625 |
12.625 |
|
(e) Other Non-current assets |
4.500 |
5.717 |
20.249 |
|
Total
Non-Current Assets |
18.617 |
20.209 |
35.252 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
10.664 |
9.739 |
27.428 |
|
(c) Trade receivables |
187.579 |
119.007 |
80.215 |
|
(d) Cash and cash equivalents |
50.338 |
28.881 |
13.159 |
|
(e) Short-term loans and
advances |
64.565 |
38.228 |
60.920 |
|
(f) Other current assets |
2.827 |
76.819 |
5.252 |
|
Total
Current Assets |
315.973 |
272.674 |
186.974 |
|
|
|
|
|
|
TOTAL |
334.590 |
292.883 |
222.226 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
429.726 |
500.555 |
669.158 |
|
|
Other Income |
14.635 |
16.786 |
13.408 |
|
|
TOTAL
|
444.361 |
517.341 |
682.566 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases and Other Direct
Cost |
393.676 |
446.635 |
647.004 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(0.925) |
17.687 |
(10.494) |
|
|
Employees benefits expense |
7.311 |
6.828 |
7.347 |
|
|
Other expenses |
19.556 |
19.581 |
16.585 |
|
|
TOTAL |
419.618 |
490.731 |
660.442 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
24.743 |
26.610 |
22.124 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
18.070 |
21.922 |
1.022 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
6.673 |
4.688 |
21.102 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
0.440 |
0.639 |
17.766 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
6.233 |
4.049 |
3.336 |
|
|
|
|
|
|
|
Less |
TAX |
2.012 |
1.564 |
1.237 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
4.221 |
2.485 |
2.099 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
336.151 |
407.847 |
628.528 |
|
|
TOTAL
IMPORTS |
336.151 |
407.847 |
628.528 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
2.11 |
1.24 |
1.05 |
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 |
(12.664) |
(29.627) |
19.302 |
|
Net cash flow from operating activity |
(9.965) |
(33.137) |
17.726 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
159.33 |
86.78 |
43.75 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
2.29 |
4.21 |
8.34 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
89.40 |
76.29 |
33.92 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
2.32 |
2.73 |
0.81 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
26.46 |
20.68 |
12.08 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.88 |
0.87 |
0.82 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
4.52 |
3.93 |
3.04 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
5.51 |
4.75 |
3.58 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.02 |
0.03 |
0.05 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.37 |
1.21 |
21.65 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
((PAT / Sales) * 100) |
% |
0.98 |
0.50 |
0.31 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.26 |
0.85 |
0.94 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
10.16 |
6.29 |
5.36 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.38 |
1.45 |
1.33 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.33 |
1.40 |
1.14 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.12 |
0.13 |
0.18 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
5.36 |
4.43 |
3.41 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.38 |
1.45 |
1.33 |
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 |
35.000 |
35.000 |
35.000 |
|
Reserves & Surplus |
4.176 |
4.492 |
6.547 |
|
Net
worth |
39.176 |
39.492 |
41.547 |
|
|
|
|
|
|
Long Term borrowings |
42.873 |
65.826 |
64.078 |
|
Short Term borrowings |
76.392 |
89.365 |
123.695 |
|
Total
borrowings |
119.265 |
155.191 |
187.773 |
|
Debt/Equity
ratio |
3.044 |
3.930 |
4.520 |
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
|
669.158 |
500.555 |
429.726 |
|
|
|
(25.196) |
(14.150) |
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
|
669.158 |
500.555 |
429.726 |
|
Profit |
2.099 |
2.485 |
4.221 |
|
|
0.31% |
0.50% |
0.98% |
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 |
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% |
-- |
|
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 |
PERFORMANCE
Total revenue for the year was INR 444.361 Million (Previous year INR 517.341 Million). Tax expenses were INR 2.012 Million (Previous year INR 1.564 Million) and Net Profit for the year was INR 4.211 Million (Previous year INR 2.485 Million)
During the Year the turnover of the Company has been reduced but at the same time the profit of the Company has been increased. This has largely been happened due to operational efficiency.
CORPORATE INFORMATION
The company is engaged in a trading company which deals in different types of Polymers and Chemicals as well as Packaging materials. The company is also a Distributor for Haldia Petrochemicals Limited, (Polymer Division) for Gujarat region.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Borrowings from
directors and their relatives |
|
|
|
Loan from Directors |
9.117 |
0.000 |
|
Loans from Directors relatives |
44.844 |
44.716 |
|
Other loans (From Members) |
10.117 |
21.110 |
|
|
|
|
|
Total |
64.078 |
65.826 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C81287997 |
10625029 |
ICICI BANK LIMITED |
08/03/2016 |
- |
- |
5000000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
2 |
C71466734 |
10604835 |
ICICI BANK LIMITED |
04/11/2015 |
- |
- |
255000000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
3 |
G03544798 |
10275710 |
BANK OF BARODA |
18/02/2011 |
22/10/2013 |
06/05/2016 |
270000000.0 |
NAVRANGPURA BRANCH, NR. INCOME TAX UNDER BRIDGE,NEAR NAVJEEVAN POST OFFICEAHMEDABADGJ380014IN |
|
4 |
G03545753 |
10527305 |
BANK OF BARODA |
29/09/2014 |
- |
06/05/2016 |
17500000.0 |
NAVRANGPURA BRANCH, NR. INCOME TAX UNDER BRIDGE,NEAR NAVJEEVAN POST OFFICEAHMEDABADGJ380014IN |
|
5 |
G03551702 |
10378933 |
BANK OF BARODA |
24/09/2012 |
- |
06/05/2016 |
30000000.0 |
NAVRANGPURA BRANCH, NR. INCOME TAX UNDER BRIDGE,NEAR NAVJEEVAN POST OFFICEAHMEDABADGJ380014IN |
FIXED ASSETS
- Furniture and
Fixtures
- Office
Equipment
- Vehicle
- 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 65.04 |
|
|
1 |
INR 90.56 |
|
Euro |
1 |
INR 79.78 |
INFORMATION DETAILS
|
Information Gathered
by : |
SUV |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
KJL |
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.