|
|
|
MIRA INFORM REPORT
|
Report No. : |
499580 |
|
Report Date : |
26.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
ACE METALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
3/18, AC Market, 3rd Floor, Tardeo Road, Mumbai – 400034,
Maharashtra |
|
Tel. No.: |
91-22-23522462 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
18.12.2006 |
|
|
|
|
Com. Reg. No.: |
11-273240 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27101MH2006PTC273240 |
|
|
|
|
IEC No.: |
Not Applicable (As informed by the management that firm
does not have export and import) |
|
|
|
|
GST No.: |
27AAHCA9485B1ZI |
|
|
|
|
TIN / CST No.: |
27191076786 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAHCA9485B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
·
Trader, of Metal Ores, Aluminum Products,
Steel, Plate, Rods, Wire Rods, Fabrics, Nickel, etc. [Confirmed by Management] ·
Dealer and Supplier in Steel, Aluminium,
Fabrics and Nickel, etc. [Registered
Activity] |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was
incorporated in the year 2006 and it is a trader of aluminium products,
steel, plate, rods and wire rods etc. As per
financials of March 2017, the company has registered a decline in its revenue
as compared to its previous year’s revenue and has reported minimal profit
margin of 0.11%. Rating
takes into consideration the company’s satisfactory track record of business
operations marked by sound net worth base along with zero debt balance sheet
and decent liquidity position. Further,
the company has reported a good Earnings Per Share of INR 111.38 against its
face value of INR 10. Further,
customer (Devin Exim Private Limited) and supplier (Alucast Engineering
Private Limited) gave positive response about the company. Banker (Dena Bank)
also gave positive response about the company. Payment
terms seem 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 26.03.2018.
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. Hiren Harakchand Shah |
|
Designation : |
Director |
|
Contact No.: |
91-9867042863 |
|
Date : |
24.03.2018 |
LOCATIONS
|
Registered Office : |
3/18, AC Market, 3rd Floor, Tardeo Road, Mumbai – 400034,
Maharashtra, India |
|
Tel. No.: |
91-22-23522462 |
|
Mobile No.: |
91-9867042863 (Mr. Hiren Harakchand Shah) 91-9820135441 (Mr. Jayesh Shah) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website: |
|
|
Area: |
500 Sq. Ft. |
|
Location : |
Rented |
|
Locality: |
Industrial |
|
|
|
|
Warehouse : |
Wada Road, Bhiwandi, Maharashtra, India |
|
Location : |
Owned |
|
Locality: |
Commercial |
|
|
|
|
Branch Office : |
301/302, Aadi Complex, Near P F Office, Akota, Vadodara - 390020,
Gujarat, India |
|
Tel. No.: |
91-22-23522462 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Hitesh Harakchand Shah |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
504, Heera Panna
Apartment, B/h Alkapuri Arcade, R C Dutt Road, Alkapuri, Vadodara – 390007,
Gujarat, India |
||||||||
|
Date of Birth/Age : |
27.07.1968 |
||||||||
|
Qualification: |
B.Com |
||||||||
|
Date of Appointment : |
18.12.2006 |
||||||||
|
PAN No.: |
AAGPS6421H |
||||||||
|
DIN No.: |
00003547 |
||||||||
|
Other Directorship:
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Hiren Harakchand Shah |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
61, Gokul, Walkeshwar, Mumbai – 400006, Maharashtra, India |
||||||||
|
Date of Birth/Age : |
23.10.1970 |
||||||||
|
|
Graduate |
||||||||
|
Date of Appointment : |
18.12.2006 |
||||||||
|
DIN No.: |
01506187 |
||||||||
|
PAN No.: |
AAGPS6596M |
||||||||
|
Other Directorship:
|
|||||||||
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
|
|
|
|
Jayesh Harakchand Shah |
5000 |
50.00 |
|
Hitesh Harakchand Shah |
5000 |
50.00 |
|
|
|
|
|
Total |
10000 |
100.00 |
AS ON 29.09.2016
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Individual/Hindu Undivided Family - Indian) |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
·
Trader, of Metal Ores, Aluminum Products,
Steel, Plate, Rods, Wire Rods, Fabrics, Nickel, etc. [Confirmed by Management] ·
Dealer and Supplier in Steel, Aluminium,
Fabrics and Nickel, etc. [Registered
Activity] |
||||
|
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|
||||
|
Products / Services
: |
|
||||
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|
||||
|
Brand Names : |
Not Available |
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|
||||
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Agencies Held : |
Not Available |
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||||
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Exports : |
Not Available |
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|
||||
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Imports : |
Not Available |
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|
|
||||
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Terms : |
|
||||
|
Selling : |
L/C, Cheque, Credit and RTGS |
||||
|
|
|
||||
|
Purchasing : |
L/C, Cheque, Credit and RTGS |
PRODUCTION STATUS : (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
· Nimit Steel and Alloys Private Limited · PEL Industries Limited |
||||||||||||||||||||||
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|
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Customers : |
Retailers and End Users
· Pratibha Industries Limited · EMC Limited |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
20 (Approximately) |
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
Bankers : |
· Bank of India Tardeo Road, Mumbai, Maharashtra, India · Kotak Mahindra Bank Limited Tardeo Road, Mumbai, Maharashtra, India |
|
Auditors : |
|
|
Name : |
R.J. Kothari and Associates Chartered Accountants |
|
Address : |
35, Kesar Building, 201 Princess Street, Mumbai – 400002, Maharashtra, India |
|
PAN No.: |
AGBPK9803E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
· Alucast Engineering Private Limited [U27104MH2006PTC269631] · PEL Industries Limited [U27100GJ1997PLC031852] · Volition Trading Private Limited [U51900MH1994PTC076780] · Pankaj Metals Centre Private Limited [U27105MH2006PTC269616] |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
INR 10/- each |
INR 0.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
INR 10/- each |
INR 0.100 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 |
0.100 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
5.695 |
4.581 |
1.577 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
2.000 |
2.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
7.795 |
6.681 |
1.677 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
53.889 |
72.436 |
194.773 |
|
(d) Long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
53.889 |
72.436 |
194.773 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
0.000 |
0.000 |
0.674 |
|
(c) Other current
liabilities |
122.733 |
83.371 |
25.000 |
|
(d) Short-term
provisions |
0.319 |
0.000 |
0.351 |
|
Total Current
Liabilities (4) |
123.052 |
83.371 |
26.025 |
|
|
|
|
|
|
TOTAL |
184.736 |
162.488 |
222.475 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
0.000 |
0.000 |
0.000 |
|
(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 |
0.004 |
0.003 |
0.001 |
|
(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 |
0.004 |
0.003 |
0.001 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
10.054 |
23.789 |
0.000 |
|
(c) Trade receivables |
165.943 |
135.685 |
211.835 |
|
(d) Cash
and cash equivalents |
6.010 |
2.475 |
10.471 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other
current assets |
2.725 |
0.536 |
0.168 |
|
Total
Current Assets |
184.732 |
162.485 |
222.474 |
|
|
|
|
|
|
TOTAL |
184.736 |
162.488 |
222.475 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
1040.273 |
3438.596 |
1537.854 |
|
|
|
Other Income |
10.054 |
23.789 |
0.000 |
|
|
|
TOTAL |
1050.327 |
3462.385 |
1537.854 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1043.380 |
3448.631 |
0.000 |
|
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
1530.699 |
|
|
|
Employee Benefits Expenses |
3.001 |
2.597 |
1.881 |
|
|
|
Other Expenses |
2.296 |
6.724 |
0.228 |
|
|
|
TOTAL |
1048.677 |
3457.952 |
1532.808 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
1.650 |
4.433 |
5.046 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.005 |
0.086 |
2.696 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.645 |
4.347 |
2.350 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1.645 |
4.347 |
2.350 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.531 |
1.344 |
0.726 |
|
|
|
|
|
|
|
|
|
|
PROFITAFTER TAX |
1.114 |
3.003 |
1.624 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (INR) |
111.38 |
300.34 |
162.39 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(0.284) |
113.686 |
11.186 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(0.816) |
112.342 |
10.460 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
58.22 |
14.40 |
50.28 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
6.27 |
25.34 |
7.26 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
0.00 |
0.16 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.16 |
0.19 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.00 |
0.00 |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.67 |
0.51 |
0.12 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
15.79 |
12.48 |
15.52 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
330.00 |
51.55 |
1.87 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
0.11 |
0.09 |
0.11 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.60 |
1.85 |
0.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
14.29 |
44.95 |
96.84 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.50 |
1.95 |
8.55 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.42 |
1.66 |
8.55 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.04 |
0.04 |
0.01 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.50 |
1.95 |
8.55 |
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 |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
1.577 |
4.581 |
5.695 |
|
Share Application money
pending allotment |
0.000 |
2.000 |
2.000 |
|
Net
worth |
1.677 |
6.681 |
7.795 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities of Long
term debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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 |
1537.854 |
3438.596 |
1040.273 |
|
|
|
123.597 |
-69.747 |
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 |
1537.854 |
3438.596 |
1040.273 |
|
Profit |
1.624 |
3.003 |
1.114 |
|
|
0.11% |
0.09% |
0.11% |
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 |
Yes |
|
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 |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
Yes |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX
OF CHARGES: NO CHARGES EXISTS FOR COMPANY
REVIEW OF PERFORMANCE
The Company is a dealer and supplier in Steel, Aluminium, Fabrics and Nickel, etc. During the year, the total income from the operations was INR 1040.273 million against INR 3438.596 million during the previous year. The Company has earned profit after tax of INR 1.114 million as against profit of INR 3.003 million during the previous year.
There is no change in the nature of business of the Company for the year.
OUTLOOK
Due to the various reforms undertaken by the Government, the economy is expected to do well over the next several years and the industry expects the markets to do well. The Company is well poised to take advantage of the favourable market conditions.
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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 91.96 |
|
Euro |
1 |
INR 80.34 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
VIK |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.