MIPL-Logo

3decades

 

MIRA INFORM REPORT

 

 

Report No. :

498998

Report Date :

23.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

DELTA NUTRITIVES PRIVATE LIMITED [w.e.f. 14.03.2006]

 

 

Formerly Known As :

DELTA CHEM IMPEX PRIVATE LIMITED

 

 

Registered Office :

B-308/312, Antop Hill Warehousing Complex, Vidyalankar College Road, Wadala (East), Mumbai – 400037, Maharashtra

Tel. No.:

91-22-33147777

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

07.11.2002

 

 

Com. Reg. No.:

11-137794

 

 

Capital Investment / Paid-up Capital :

INR 6.901 Million

 

 

CIN No.:

[Company Identification No.]

U51397MH2002PTC137794

 

 

IEC No.:

0302053093

 

 

GST No.:

27AABCD6163B1Z0

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AABCD6163B

 

 

GSTIN/UIN :

27AABCD6163B1Z0

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Trader and Supplier of Chocolate Melting Machine, Hot Chocolate Melting Machine, Tools and Accessories of Banking Moulds, Tempering Machines, Polycarbonate Moulds etc. and Importer of Raw Material, Fruit Pie Filling Fruit Juices, etc. [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

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Delta Nutritives Private Limited was incorporated in the year 2002.

 

It is a Trader and Supplier of Chocolate Melting Machine, Hot Chocolate Melting Machine, Tools and Accessories of Banking Moulds, Tempering Machines, Polycarbonate Moulds etc. Importer of Raw Material.

 

For the financial year 2017, the revenue of the company has increased by 18.71% along with decent profit margin of 3.49%.

 

The rating takes into consideration the satisfactory financial profile of the company marked by comfortable base along with negligible debt level.

 

Business is active. Payment seems to be usually 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

 

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 23.03.2018.

 

 

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 :

Ms. Sandhya

Designation :

Key Executive

Contact No.:

91-22-24151094

Date :

20.03.2018

 

Given number [91-22-33147777] not working

 

LOCATIONS

 

Registered Head/ Corporate Office:

B-308/312, Antop Hill Warehousing Complex, Vidyalankar College Road, Wadala (East), Mumbai – 400037, Maharashtra, India 

Tel No.:

91-22-24195100/ 24151094 / 24171096/ 33147777/ 24195100/ 33147715

Fax No.:

91-22-33147700

E mail:

info@deltanutritives.com

prashant.potle@deltanutritives.com

Website :

www.deltanutritives.com

Area :

500 sq. ft.

Location :

Owned

 

 

DIRECTORS

 

AS ON: 31.03.2017

 

Name :

Mr. Prakash Indulal Sanghvi

Designation :

Director

Address :

40/10, Upendra, Sewree Wadala Road, King Circle, Mumbai – 400 019, Maharashtra, India

Date of Birth/Age :

12.03.1963

Qualification :

B.Com.

Experience :

11 Years

Date of Appointment :

07.11.2002

DIN No.:

00537983

 

 

Name :

Mr. Rajesh Indulal Sanghvi

Designation :

Director

Address :

C-701, Lloyd Estate, Salt Pan Road, Sangam Nagar, Mumbai – 400 037, Maharashtra, India

Date of Birth/Age :

23.09.1960

Qualification :

B.E.

Experience :

11 Years

Date of Appointment :

07.11.2002

DIN No.:

00537998

 

 

KEY EXECUTIVES

 

Name :

Ms. Sandhya

Designation :

Key Executive

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON: 31.03.2017

 

Names of Shareholders

No. of Shares

 

% age holding

Prakash I. Sanghvi

172503

25.00

Rajesh I. Sanghvi

172503

25.00

Kinnari M. Mehta

172503

25.00

Preeti S. Mehta

172503

25.00

Prakash M. Gandhi

48

0.01

 

 

 

Total

 

690060

100.00

 

 

AS ON: 29.09.2017

 

Equity Share Breakup

Percentage of Holding

Category

 

Promoters (Individual/Hindu Undivided Family - Indian)

99.99

Public/Other than promoters (Individual/Hindu Undivided Family - Indian)

0.01

 

 

Total

 

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Trader and Supplier of Chocolate Melting Machine, Hot Chocolate Melting Machine, Tools and Accessories of Banking Moulds, Tempering Machines, Polycarbonate Moulds etc. and Importer of Raw Material, Fruit Pie Filling Fruit Juices, etc. [Confirmed by Management]

 

 

Products :

ITC Code No.

 

Product Descriptions

99611253

Cocoa, chocolate & Fillings, Bakery Mixes & Fillings

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

 

Products :

Raw Material

Countries :

·         France

·         Russia, etc.

 

 

Terms :

 

Selling :

Cheque

 

 

Purchasing :

Cheque

 

 

PRODUCTION STATUS: NOT AVAILABLE 

 

 

GENERAL INFORMATION

 

Suppliers :

·         A J Kanakia and Company

·         A S Enterprises

·         Aastha Movers Cargo

·         Acme Pharma

·         AIM Events

·         Alliance Corporation, etc.

 

 

Customers :

Retailers and End Users

 

·         AG Specialty Retails LLP

·         Arife Lamoulde

·         B S Food

·         B S Foods Depo

·         Cyber Pack Private Limited

·         Daffodil Foods

 

 

No. of Employees :

150 [Approximately]

 

 

Bankers :

 

Bank Name:

Standard Chartered Bank

Branch:

Crescenzo, 6th Floor, C-38/39, G-Block, Bandra Kurla Complex, BAndra (East), Mumbai - 400051, Maharashtra, India

Person Name (with Designation):

--

Contact Number:

91-22-26757826

Name of Account Holder:

--

Account Number:

--

Account Since (Date/ Year of A/c Opening):

--

Average Balance Maintained (Optional):

--

Credit Facilities Enjoyed (CC/OD/Term Loan):

--

Account Operation:

--

Remarks:

The number is continuously ringing

 

·         Vijaya Bank

Chira Bazar Branch, Mumbai - 400002, Maharashtra, India

 

·         The Shamrao Vithal Co-operative Bank Limited

 

 

Facilities :

SECURED LOANS

31.03.2017

(INR In Million)

31.03.2016

(INR In Million)

LONG-TERM BORROWINGS

 

 

HDFC Bank limited (2 delivery ven)

1.024

0.000

HDFC Bank Limited (Innova Car Loan)

0.439

0.000

Kotak Mahindra Prime Limited - Skoda Yeti

0.000

0.031

HDFC Bank Limited (Skoda Car Loan)

0.384

0.585

ICICI Bank (Swift car Loan)

0.000

0.273

Bajaj Finance Limited

0.000

0.571

Capital First Limited

1.896

4.250

Deutsche bank

1.260

2.861

Edelweiss Retail Finance Limited

1.291

1.870

ICICI Bank Limited (Loan)

0.000

0.889

Kotak Mahindra Bank Limited

1.069

3.068

Magma Finance Corp Limited

0.536

1.711

Standard Chartered Bank

1.499

4.191

Tata Capital financial services Limited

0.000

1.028

Standard Chartered Bank (WCDL)

20.000

0.000

 

 

 

SHORT TERM BORROWINGS

 

 

HDFC Bank Limited (2 Delivery ven)

0.602

0.000

HDFC Bank Limited (Pick up MH04GC3140)

0.000

0.137

HDFC Bank Limited (Pick up MH04GC3142)

0.000

0.137

HDFC Bank Limited (Innova car loan)

0.248

0.000

Kotak Mahindra Prime Limited - Skoda Yeli

0.035

0.396

Kotak Mahindra Bank Limited

1.999

1.468

Capital First Limited

2.354

2.154

Deutsche bank

1.601

1.553

HDFC Bank Limited (Skoda car loan)

0.201

0.161

ICICI Bank Limited (Swift car loan)

0.273

0.095

Bajaj Finance Limited

0.591

1.290

Edelweiss Retail Finance Limited

0.617

0.559

ICICI Bank Limited (Loan)

0.889

1.032

Magma Finance Corp Limited

1.212

0.873

Standard Chartered Bank

2.692

2.286

Tata Capital financial services Limited

1.058

1.414

The Shamrao Vithal Co-Op Bank Limited

0.000

0.301

 

 

 

Total

 

43.770

35.184

 

 

 

Auditors :

 

Name :

Bhuva and Kanakia

Chartered Accountants

Address :

16/B, Kastur Mahal, 1st Floor, Sion Main Road, Sion Station Road, Sion (West), Mumbai – 400022, Maharashtra, India

Tel. No.:

91-22-24014436/ 24024436

Income-tax PAN of auditor or auditor's firm :

AADFB5164F

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

AS ON: 31.03.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

750000

Equity Shares

INR 10/- each

INR 7.500 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

690060

Equity Shares

INR 10/- each

INR 6.901 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

6.901

6.901

6.900

(b) Reserves & Surplus

84.279

55.173

37.423

(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)

91.180

62.074

44.323

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

29.398

21.328

16.921

(b) Deferred tax liabilities (Net)

0.387

0.189

0.606

(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)

29.785

21.517

17.527

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

14.372

13.856

10.644

(b) Trade payables

61.171

87.259

67.049

(c) Other current liabilities

85.162

94.478

84.863

(d) Short-term provisions

19.809

13.579

5.667

Total Current Liabilities (4)

180.514

209.172

168.223

 

 

 

 

TOTAL

301.479

292.763

230.073

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

31.022

23.430

27.148

(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

0.000

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

31.022

23.430

27.148

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

85.095

130.142

93.550

(c) Trade receivables

97.947

90.445

71.607

(d) Cash and cash equivalents

2.986

3.383

1.209

(e) Short-term loans and advances

72.447

36.193

30.602

(f) Other current assets

11.982

9.170

5.957

Total Current Assets

270.457

269.333

202.925

 

 

 

 

TOTAL

301.479

292.763

230.073

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

 

Revenue from Operations

834.575

703.037

534.873

 

 

Other Income

2.144

0.645

0.887

 

 

TOTAL                                    

836.719

703.682

535.760

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Purchases of Stock-in-Trade

591.661

577.334

434.789

 

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

45.046

(36.591)

(19.879)

 

 

Employees benefits expense

40.600

35.870

32.572

 

 

Administrative expenses

28.898

23.454

20.334

 

 

Selling and marketing expenses

65.739

54.507

39.395

 

 

TOTAL                                    

771.944

654.574

507.211

 

 

 

 

 

 

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

64.775

49.108

28.549

 

 

 

 

 

Less

FINANCIAL EXPENSES                                   

17.021

17.923

13.891

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION

47.754

31.185

14.658

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

2.922

4.253

2.336

 

 

 

 

 

 

PROFIT BEFORE TAX

44.832

26.932

12.322

 

 

 

 

 

Less

TAX                                                                 

15.726

9.182

4.042

 

 

 

 

 

 

PROFIT AFTER TAX    

29.106

17.750

8.280

 

 

 

 

 

 

Earnings Per Share (INR)

42.18

25.72

12.00

 

 

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) Operating Activities 

16.213

11.025

NA

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

42.84

46.96

48.86

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

8.52

7.77

7.47

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

37.74

55.17

56.29

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

0.76

0.38

0.31

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

2.09

2.10

1.05

 

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.70

0.79

0.80

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.48

0.57

0.62

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

1.98

3.37

3.80

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.34

0.38

0.61

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

3.81

2.74

2.06

 

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

((PAT / Sales) * 100)

%

3.49

2.52

1.55

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

9.65

6.06

3.60

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

31.92

28.59

18.68

 

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

1.50

1.29

1.21

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

1.03

0.67

0.65

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.30

0.21

0.19

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

6.34

5.10

3.99

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.50

1.29

1.21

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

 

Particular

31.03.2015

31.03.2016

31.03.2017

 

INR In Million

INR In Million

INR In Million

Share Capital

6.900

6.901

6.901

Reserves & Surplus

37.423

55.173

84.279

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

44.323

62.074

91.180

 

 

 

 

long-term borrowings

16.921

21.328

29.398

Short term borrowings

10.644

13.856

14.372

Total borrowings

27.565

35.184

43.770

Debt/Equity ratio

0.622

0.567

0.480

 

 

 

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

534.873

703.037

834.575

 

 

31.440

18.710

 

 

 

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

534.873

703.037

834.575

Profit

8.280

17.750

29.106

 

1.55%

2.52%

3.49%

 


 

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%

--

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

 

SNO

SRN

CHARGE ID

CHARGE HOLDER NAME

DATE OF CREATION

DATE OF MODIFICATION

DATE OF SATISFACTION

AMOUNT

ADDRESS

1

G79859344

100070621

STANDARD CHARTERED BANK

27/09/2016

23/02/2018

-

130000000.0

CRESCENZO, 3A/F, PLOT NO. C-38 & 39G BLOCK, BANDRA KURLA COMPLEX, BANDRA EASTMUMBAIMH400051IN

2

G73430597

100070620

STANDARD CHARTERED BANK

27/09/2016

19/12/2017

-

26000000.0

CRESCENZO, 3A/F, PLOT NO. C-38 & 39G BLOCK, BANDRA KURLA COMPLEX, BANDRA EASTMUMBAIMH400051IN

3

G01907138

100021264

DBS BANK LTD

10/03/2016

-

-

10100000.0

3RD FLOOR, FORT HOUSEDR. D N ROAD, FORTMUMBAIMH400001IN

4

B19240647

10303372

THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED

12/08/2011

-

-

4200000.0

8/1, SARASWAT COLONY, TALMAKI ROAD,OFF LINKING ROAD, SANTACRUZ (WEST)MUMBAIMH400054IN

5

C55439749

10257327

THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED

24/11/2010

01/06/2015

-

94200000.0

8/1, SARASWAT COLONY, TALMAKI ROAD,OFF LINKING ROAD,SANTACRUZ WESTMUMBAIMH400054IN

6

C55438832

10239897

THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED

27/08/2010

01/06/2015

-

90000000.0

8/1, SARASWAT COLONY, TALMAKI ROAD,OFF LINKING ROAD,SANTACRUZ WESTMUMBAIMH400054IN

7

B02549764

90148905

VIJAYA BANK

14/10/2004

-

20/12/2010

2500000.0

CHIRA BAZAR BRANCHMUMBAIMH400002IN

8

A98353907

90148301

VIJAYA BANK

12/06/2003

-

01/11/2010

5000000.0

CHIRA BAZAR BRANCHMUMBAIMH400002IN

 

 

CHANGE OF ADDRESS:

 

Registered address of the company has been shifted from 40 / 10 Upendrasewree Wadala Roaf King Circle, Mumbai - 400019 to the present address w.e.f. 19.08.2010.

 

STATE OF COMPANY’S AFFAIRS AND FUTURE OUTLOOK

 

The company has earned a profit during the year amounted to INR 29.106 million whereas previous year profit is INR 17.750 million

 

FIXED ASSETS:

 

·         Factory

·         Computer and Printer

·         Office Equipment

·         Delivery Van

·         Furniture and Fixture

·         Motor car and motor cycle

·         Plant and Machinery

 

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 65.06

UK Pound

1

INR 92.06

Euro

1

INR 80.37

                                         

 

                                                                 INFORMATION DETAILS

 

Information Gathered by :

ARC

 

 

Analysis Done by :

VAR

 

 

Report Prepared by :

ARC

           

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 opera     tions 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.