|
|
|
MIRA INFORM REPORT
|
Report No. : |
499745 |
|
Report Date : |
24.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
PASONDIA CABLES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Mezz-L, Gopala Tower, 25 Rajendra Place, New Delhi – 110008 |
|
Mobile No.: |
91-9818183409 (Mr. Raghvendra Goel) |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
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Date of
Incorporation : |
28.07.1999 |
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|
|
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Com. Reg. No.: |
55-100877 |
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|
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Capital
Investment / Paid-up Capital : |
INR 10.855 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31300DL1999PTC100877 |
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|
|
|
IEC No.: [Import-Export Code No.] |
0504048325 |
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|
|
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TIN No.: |
09290501453 |
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|
|
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GSTIN : [Goods & Service Tax
Registration No.] |
09AACCP4164H1ZC |
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PAN No.: [Permanent Account No.] |
AACCP4164H |
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|
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of PVC Insulated Wire and
Cables. (Registered Activity) |
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|
|
|
No. of Employees
: |
165 (Approximately) (Office=15/ Factory=150) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow |
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|
|
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Litigation : |
Exist |
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Comments : |
Subject was incorporated in the year 1999 and it is a manufacturer of
PVC insulated wire and cables. For the financial year 2017, the company achieved massive growth in
its revenue as compared to the previous year along with an average profit
margin of 1.81%. The moderate financial risk profile of the company is marked by eroded
net worth base along with poor debt protection metrics due to high debt
balance sheet profile. Payments seems to be slow. In view of aforesaid, dealings are recommended on safe and secured
terms. |
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 24.03.2018
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. M. P. Choube |
|
Designation : |
Dy. Manager Accounts |
|
Contact No.: |
91-9968791728 |
LOCATIONS
|
Registered Office : |
Mezz-L, Gopala Tower, 25 Rajendra Place, New Delhi – 110008, India |
|
Tel. No.: |
91-120-2730030/ 2730281/ 2834022 |
|
Mobile No.: |
91-9818183409 (Mr. Raghvendra Goel) 91-9968791728 (M. P. Choube) |
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Fax No.: |
91-120-2732821 |
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E-Mail : |
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Website : |
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Location : |
Rented |
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Locality : |
Commercial |
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|
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Head Office/ Marketing Office: |
23 Naya Ganj, Ghaziabad – 201009, Uttar Pradesh, India |
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Tel No.: |
91-120-2730030/2730281/2834022 |
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Fax No.: |
91-120-2732821 |
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Location : |
Owned |
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Locality : |
Commercial |
|
|
|
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Factory/ Branch Office : |
28 Km Stone, Delhi Meerut Road, Village: Dubai, Post Sainthli,
Ghaziabad - 201006, Uttar Pradesh, India |
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Tel. No.: |
91-120-2730281 |
|
Area : |
1520 Sq. ft. |
|
Location : |
Owned |
DIRECTORS
As on 31.03.2017
|
Name : |
Ms. Smita Goel |
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Designation : |
Director |
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Address : |
23, Naya Ganj, |
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Date of Birth/Age : |
17.04.1961 |
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Qualification : |
Graduation |
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Experience : |
25 Years |
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Date of Appointment : |
20.09.2002 |
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DIN No.: |
00840770 |
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Other Directorship:
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Name : |
Mr. Raghavendra Goel |
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Designation : |
Director |
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Address : |
23, Naya Ganj, |
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Date of Birth/Age : |
17.01.1982 |
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Qualification : |
Graduation |
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Experience : |
15 Years |
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Date of Appointment : |
24.06.2005 |
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DIN No.: |
00840784 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
Note: SHAREHOLDERS DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
54.03 |
|
Public/Other than promoters (Individual/Hindu Undivided Family- Indian) |
12.07 |
|
Public/Other than promoters (Body corporate) |
33.90 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of PVC Insulated Wire and
Cables. (Registered Activity) |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cheque, Credit (90 Days) and NEFT/ RTGS |
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Purchasing : |
Cheque, Credit (90 Days) and NEFT/ RTGS |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Others
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No. of Employees : |
165 (Approximately) (Office=15/ Factory=150) |
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Bankers : |
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Facilities : |
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Financial
Institution : |
Edelweiss Asset Reconstruction Company Limited |
|
Auditors : |
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|
Name : |
Ashwani and Associates Chartered Accountants |
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Address : |
103, Pratap Bhawan, Bahadur Shah Zafar Marg, New Delhi – 110002, India
|
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Tel. No.: |
91-11-23324672 |
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Fax No.: |
91-11-23738558 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AAFFA9616H |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates : |
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CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
INR 10/- each |
INR 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1085465 |
Equity Shares |
INR 10/- each |
INR 10.855
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 |
10.855 |
10.855 |
10.855 |
|
(b) Reserves &
Surplus |
(31.445) |
(39.275) |
(43.427) |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
20.000 |
0.000 |
|
Total Shareholders’ Funds
|
(20.590) |
(8.420) |
(32.572) |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
96.989 |
80.790 |
50.442 |
|
(b) Deferred tax
liabilities (Net) |
0.512 |
3.324 |
4.296 |
|
(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 |
97.501 |
84.114 |
54.738 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
86.612 |
85.167 |
115.533 |
|
(b) Trade payables |
254.301 |
115.329 |
79.971 |
|
(c) Other current
liabilities |
49.199 |
26.713 |
21.716 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
|
390.112 |
227.209 |
217.220 |
|
|
|
|
|
|
TOTAL |
467.023 |
302.903 |
239.386 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
24.184 |
23.384 |
27.407 |
|
(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 |
20.450 |
20.450 |
20.450 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
44.634 |
43.834 |
47.857 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
212.968 |
134.530 |
86.351 |
|
(c) Trade receivables |
136.379 |
79.918 |
64.901 |
|
(d) Cash and cash
equivalents |
19.192 |
18.060 |
21.560 |
|
(e) Short-term loans and
advances |
53.801 |
26.515 |
18.577 |
|
(f) Other current assets |
0.049 |
0.046 |
0.140 |
|
Total Current Assets |
422.389 |
259.069 |
191.529 |
|
|
|
|
|
|
TOTAL |
467.023 |
302.903 |
239.386 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
433.081 |
227.587 |
184.218 |
|
|
Other Income |
0.066 |
3.376 |
2.792 |
|
|
TOTAL
|
433.147 |
230.963 |
187.010 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
375.162 |
262.373 |
90.666 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(55.433) |
(96.93) |
67.975 |
|
|
Employees benefits expense |
5.057 |
6.558 |
10.636 |
|
|
Other expenses |
12.462 |
6.033 |
7.491 |
|
|
Excise Duty |
48.079 |
25.298 |
16.78 |
|
|
Other Manufacturing Expenses |
32.523 |
16.777 |
11.158 |
|
|
Preliminary Expenses |
0.000 |
0.000 |
0.013 |
|
|
TOTAL |
417.850 |
220.109 |
204.719 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
15.297 |
10.854 |
(17.709) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
6.072 |
2.917 |
3.823 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
9.225 |
7.937 |
(21.532) |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
4.178 |
4.758 |
7.929 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
5.047 |
3.179 |
(29.461) |
|
|
|
|
|
|
|
Less |
TAX |
(2.784) |
(0.972) |
(1.797) |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
7.831 |
4.151 |
(27.664) |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(63.611) |
(67.762) |
(40.098) |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
(55.780) |
(63.611) |
(67.762) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
7.21 |
3.82 |
(25.49 |
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 |
14.433 |
(19.565) |
14.179 |
|
Net cash flow from operating activity |
14.540 |
(19.565) |
14.179 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Operating Income * 365 Days) |
114.94 |
128.17 |
128.59 |
|
|
|
|
|
|
Account Receivables Turnover (Operating Income / Sundry Debtors) |
3.18 |
2.85 |
2.84 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
247.41 |
160.44 |
321.94 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.07 |
0.08 |
(0.21) |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.63 |
0.46 |
(0.65) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
1.04 |
1.02 |
1.12 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
(8.92) |
(19.71) |
(5.10) |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
(18.95) |
(26.98) |
(6.67) |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
(1.17) |
(2.78) |
(0.84) |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.52 |
3.72 |
(4.63) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT /
Sales) * 100] |
% |
1.81 |
1.82 |
(15.02) |
|
|
|
|
|
|
|
Return on Total Assets [(PAT /
Total Assets) * 100] |
% |
1.68 |
1.37 |
(11.56) |
|
|
|
|
|
|
|
Return on Investment (ROI)
[(PAT / NetWorth) * 100] |
% |
(38.03) |
(49.30) |
84.93 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.08 |
1.14 |
0.88 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.54 |
0.55 |
0.48 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
(0.04) |
(0.03) |
(0.14) |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
16.91 |
15.29 |
15.29 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.08 |
1.14 |
0.88 |
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 |
10.855 |
10.855 |
10.855 |
|
Reserves & Surplus |
(43.427) |
(39.275) |
(31.445) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
20.000 |
0.000 |
|
Net
worth |
(32.572) |
(8.420) |
(20.590) |
|
|
|
|
|
|
long-term borrowings |
50.442 |
80.790 |
96.989 |
|
Short term borrowings |
115.533 |
85.167 |
86.612 |
|
Total
borrowings |
165.975 |
165.957 |
183.601 |
|
Debt/Equity
ratio |
(5.096) |
(19.710) |
(8.917) |
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 |
184.218 |
227.587 |
433.081 |
|
|
|
23.542 |
90.293 |
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 |
184.218 |
227.587 |
433.081 |
|
Profit/ (Loss) |
(27.664) |
4.151 |
7.831 |
|
|
(15.02%) |
1.82% |
1.81% |
LEGAL
CASES
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) |
No |
|
16 |
No. of employees |
Yes |
|
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NATURE OF BUSINESS
The company is engaged in Manufacturing of
PVC Insulated Wire and Cables.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans from Financial Institution |
4.139 |
4.139 |
|
Loans from Directors and Others |
55.405 |
38.660 |
|
Total |
59.544 |
42.799 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G28983328 |
10270664 |
EDELWEISS ASSET RECONSTRUCTION COMPANY LIMITED |
18/02/2011 |
30/09/2016 |
- |
170310000.0 |
EDELWEISS HOUSE, OFF. C.S.T ROAD, KALINA, MUMBAI MAHARASHTRA 400098 INDIA |
|
2 |
A48771794 |
10126641 |
STATE BANK OF PATIALA |
07/10/2008 |
- |
- |
3500000.0 |
KAMAL CINEMA BUILDING SAFDAR JUNG ENCLAVE NEW DELHI 110029 INDIA |
|
3 |
A27614296 |
10076955 |
CENTURION BANK OF PUNJAB LIMITED |
24/10/2007 |
- |
- |
700000.0 |
2ND FLOOR, INDIAN EXPRESS BUILDINGBAHADUR SHAH ZAFAR MARG, ITONEW DELHI 110002 INDIA |
|
4 |
B12755724 |
10260839 |
ICICI BANK LIMITED |
04/01/2011 |
- |
20/05/2011 |
150000000.0 |
LANDMARK RACE COURCE CIRCLE ALKAPURI VADODARA GUJARAT 390015 INDIA |
|
5 |
B10541183 |
10114287 |
ABN AMRO BANK N.V |
04/07/2008 |
- |
24/03/2011 |
79700000.0 |
HANSALYA BUILDING 15 BARAKHAMBA ROAD NEW DELHI 110001 INDIA |
|
6 |
B07428915 |
10112740 |
Chinatrust Commercial Bank |
28/06/2008 |
01/08/2008 |
03/03/2011 |
35000000.0 |
604, MERCANTILE HOUSE 15, K.G. MARG NEW DELHI 110001 INDIA |
|
7 |
A42950584 |
10056289 |
Chinatrust Commercial Bank |
01/06/2007 |
- |
31/07/2008 |
20000000.0 |
21-A JANPATH NEW DELHI 110001 INDIA |
|
8 |
A40285785 |
80046311 |
PUNJAB NATIONAL BANK |
15/06/2002 |
- |
26/06/2008 |
1000000.0 |
NAVYUG MARKET GHAZIABAD UTTAR PRADESH 201001 INDIA |
|
9 |
A40286692 |
80046313 |
PUNJAB NATIONAL BANK |
15/06/2002 |
- |
26/06/2008 |
1000000.0 |
NAVYUG MARKET GHAZIABAD UTTAR PRADESH 201001 INDIA |
|
10 |
A40287344 |
80046312 |
PUNJAB NATIONAL BANK |
15/06/2002 |
- |
26/06/2008 |
1000000.0 |
NAVYUG MARKET GHAZIABAD UTTAR PRADESH 201001 INDIA |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Claims not
acknowledge as debts: |
|
|
|
Sales Tax Matters (Covered by 100% security deposit) |
0.310 |
0.310 |
|
Bank Guarantees outstanding in favour of Government Authorities (excluding bank guarantees given above in entry tax matters) |
21.041 |
20.865 |
FIXED ASSETS
- Plant and
Machinery
- Building
- Office
Equipment
- Computer
- Air
Conditioner
- Motor Cycle
- Motor Car
- Furniture and
Fixture
- Land
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 65.13 |
|
|
1 |
INR 91.95 |
|
Euro |
1 |
INR 80.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
PYK |
|
|
|
|
Report Prepared
by : |
TRUP |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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+ |
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 |
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.