|
|
|
MIRA INFORM REPORT
|
Report No. : |
494220 |
|
Report Date : |
26.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
SATYAM GARMENTS |
|
|
|
|
Registered
Office : |
8/1 D, Gurudas Dutta Garden Lane, Ultadanga, Kolkata- 700067, West Bengal |
|
Tel. No.: |
91-33-23560450 |
|
Website : |
Not Available |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
11.11.1999 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 3.374 Lacs |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
ADEPR6374F |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
19ADEPR6374F1Z6 |
|
|
|
|
Shop &
Establishment Certificate No. |
-- |
|
|
|
|
Udyog Aadhar
No.: |
WB10B0006481 (Date : 13.02.2017) |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Manufacturing
of Readymade Garment (Shirts). |
|
|
|
|
No. of Employees
: |
83 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a proprietorship concern established in the year 1999. It is engaged in manufacturing of Readymade Garment (Shirts). For the financial year 2017, the revenue of the concern has increased by 9.18% along with average profit margin of 1.96%. The moderate financial profile of the concern is marked by comfortable capital base along with negligible debt level. However, rating weakness is partially offset by long established track record of the concern. Payment seems to be slow but correct. In view of aforesaid, the subject can be considered for business dealings with some caution. Note: Site Visit was conducted at the address 8/ 1D Gurudas Dutta Garden Lane, Kolkata – 700067 and our executive has successfully traced the subject. During the site visit our executive also enquired with neighbour companies Vijay Packaging (Mr. R Hukhejijee) and Maa Durga Timber (Mr. Shaw) and they confirmed that subject is situated on the said address from last 18 years. As per our executive’s observation it is a 2 storey building and entire premises belongs to the subject. Location was easy to find and locality appears to be commercial. Area seems to be upmarket. Level of operation is medium. Total area of premises is 3000 (sq. ft.) and 83 employees were sighted at the premises. Name board of the subject was sighted. |
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 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. Aditya Krishan Kumar Roongta |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9831011655 |
|
Date : |
24.03.2018 |
LOCATIONS
|
Registered Office : |
8/1D, Gurudas Dutta Garden Lane, Ultadanga, Kolkata- 700067, West Bengal, India |
|
Tel. No.: |
91-33-23560450 |
|
Mobile No.: |
91-9831011655 (Mr. Aditya Krishan Kumar Roongta) |
|
E-Mail : |
|
|
Area : |
3000 Sq. Ft. |
|
Locality : |
Commercial |
SOLE PROPRIETOR
|
Name : |
Mr. Aditya Krishan Kumar Roongta |
|
Designation : |
Proprietor |
|
Address : |
Flat No 25, 7th Floor, 9, Dr. H K Mukherjee Sarani, Near Hotel Hindustan International, Middleton Row, Kolkata - 700071, West Bengal, India |
|
Date of Birth/Age : |
23.08.1980 |
|
Aadhar No.: |
2365 7671 5517 |
DETAILS OF GROUP COMPANIES
NIL
BUSINESS DETAILS
|
Line of Business : |
Manufacturing
of Readymade Garment (Shirts). |
|
|
|
|
Products : |
|
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Terms : |
Not Available |
GENERAL INFORMATION
|
Suppliers : |
Schmetz India Private Limited |
||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Customers : |
Retailers, Wholesalers, End-users
|
||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
No. of Employees : |
83 (Approximately) |
||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
A K Saboo and Company Chartered Accountant |
|
Membership No.: |
055262 |
LITIGATIONS
NIL
CAPITAL STRUCTURE
[INR in Lacs]
As on 31.03.2017
|
Particulars |
[INR in Lacs] |
|
CAPITAL A/c |
|
|
|
2.809 |
|
Add : Net Profit |
6.047 |
|
|
8.856 |
|
Less : TDS (2016-2017) |
(3.082) |
|
Less : Capital Withdrawn |
(2.400) |
|
|
|
|
Total |
3.374 |
FINANCIAL DATA
[all figures are INR
Lacs]
ABRIDGED
BALANCE SHEET
Note: Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
|
SOURCES OF
FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
EQUITY AND LIABILITIES |
|
|
|
|
|
1] Proprietor’s Capital |
3.374 |
2.809 |
5.681 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
3.374 |
2.809 |
5.681 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
11.866 |
1.514 |
7.114 |
|
|
2] Unsecured Loans |
39.720 |
52.000 |
48.000 |
|
|
TOTAL
BORROWING |
51.586 |
53.514 |
55.114 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
54.960 |
56.323 |
60.795 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
19.327 |
22.677 |
25.845 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1.255 |
1.255 |
1.255 |
|
|
Sundry Debtors |
41.733 |
32.736 |
31.125 |
|
|
Cash & Bank Balances |
1.825 |
2.889 |
3.577 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000
|
|
|
Loans, Advances & Deposits |
1.315 |
1.316 |
1.070 |
|
Total Current Assets |
46.128 |
38.196 |
37.027 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
|
|
|
|
|
Provisions |
|
|
|
|
Total Current Liabilities |
10.495 |
4.550 |
2.077 |
|
|
Net Current
Assets |
35.633 |
33.646 |
34.950 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
54.960 |
56.323 |
60.795 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
308.174 |
282.264 |
275.054 |
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
TOTAL
|
308.174 |
282.264 |
275.054 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Labour Charges |
141.496 |
137.801 |
127.336 |
|
|
Consumable |
0.894 |
0.702 |
0.968 |
|
|
Salary and Wages |
118.936 |
101.009 |
103.760 |
|
|
Advertising |
0.000 |
0.000 |
0.030 |
|
|
Audit Fees |
0.100 |
0.100 |
0.100 |
|
|
Building repair and
Maintenance |
0.176 |
0.000 |
0.000 |
|
|
Carriage Inward |
3.133 |
2.705 |
1.783 |
|
|
Claim paid |
0.000 |
3.093 |
0.000 |
|
|
Carriage Outward |
3.678 |
0.248 |
2.205 |
|
|
Cleaning and Washing |
0.904 |
0.738 |
0.668 |
|
|
Computer expense |
0.108 |
0.010 |
0.058 |
|
|
Conveyance |
0.753 |
0.742 |
1.104 |
|
|
Donation and Subscription |
0.495 |
0.434 |
0.328 |
|
|
Electric Charges |
4.175 |
4.314 |
4.063 |
|
|
Electric Maintenance |
0.936 |
1.154 |
1.208 |
|
|
Factory Maintenance |
0.456 |
0.325 |
0.000 |
|
|
Filing Fees |
0.004 |
0.003 |
0.003 |
|
|
Generator expense |
0.660 |
0.660 |
0.660 |
|
|
Insurance Charges |
0.289 |
0.286 |
0.271 |
|
|
Machine Maintenance and repair |
2.357 |
1.954 |
2.493 |
|
|
Motor Car Expense |
0.262 |
0.115 |
0.485 |
|
|
Motor Car Insurance |
0.049 |
0.042 |
0.042 |
|
|
Printing and Stationery |
0.560 |
0.426 |
0.426 |
|
|
Professional Fees |
0.300 |
0.300 |
0.300 |
|
|
Puja Expense |
0.515 |
0.423 |
0.426 |
|
|
Rates and taxes |
0.025 |
0.075 |
0.025 |
|
|
Rent |
3.225 |
2.968 |
2.952 |
|
|
Security Expense |
0.000 |
0.073 |
0.865 |
|
|
Staff Welfare |
0.688 |
0.137 |
0.346 |
|
|
Tea and Tiffin |
4.320 |
3.653 |
3.426 |
|
|
Telephone |
0.345 |
0.224 |
0.531 |
|
|
Trade license |
0.045 |
0.045 |
0.045 |
|
|
TOTAL |
289.884 |
264.759 |
256.907 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
18.290 |
17.505 |
18.147 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
8.893 |
8.539 |
9.385 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
9.397 |
8.966 |
8.762 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
3.350 |
4.016 |
4.257 |
|
|
|
|
|
|
|
|
NET
PROFIT |
6.047 |
4.950 |
4.505 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
49.43 |
42.33 |
41.30 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
7.38 |
8.62 |
8.84 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
14.57 |
13.95 |
14.46 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.95 |
0.77 |
0.70 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.95 |
0.95 |
0.91 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
15.29 |
19.05 |
9.70 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
14.88 |
20.13 |
8.81 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
5.73 |
8.07 |
4.55 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.06 |
2.05 |
1.93 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT
/ Sales) * 100) |
% |
1.96 |
1.75 |
1.64 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
9.24 |
8.13 |
7.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
179.22 |
176.22 |
79.30 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.92 |
0.68 |
0.74 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.89 |
0.65 |
0.71 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.05 |
0.05 |
0.09 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
15.29 |
19.05 |
9.70 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.92 |
0.68 |
0.74 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Lacs]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Lacs |
INR
In Lacs |
INR
In Lacs |
|
Proprietor’s Capital Account |
5.681 |
2.809 |
3.374 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
5.681 |
2.809 |
3.374 |
|
|
|
|
|
|
Secured Loans |
7.114 |
1.514 |
11.866 |
|
Unsecured Loans |
48.000 |
52.000 |
39.720 |
|
Total
borrowings |
55.114 |
53.514 |
51.586 |
|
Debt/Equity
ratio |
9.701 |
19.051 |
15.289 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Lacs |
INR
In Lacs |
INR
In Lacs |
|
Sales |
275.054 |
282.264 |
308.174 |
|
|
|
2.621 |
9.179 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Lacs |
INR
In Lacs |
INR
In Lacs |
|
Sales |
275.054 |
282.264 |
308.174 |
|
Profit/ (Loss) |
4.505 |
4.950 |
6.047 |
|
|
1.64% |
1.75% |
1.96% |
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 |
Yes |
|
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 |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
No |
|
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 |
|
Unsecured Loan |
31.03.2017 (INR
in Lacs) |
31.03.2016 (INR
in Lacs) |
|
G.D. Bhala |
3.000 |
3.000 |
|
Mahek Agarwal |
4.000 |
4.000 |
|
M.L. Sharma A/C |
4.720 |
4.000 |
|
Anand Sonthalia |
2.500 |
2.500 |
|
Aditya Roongta (HUF) |
2.000 |
2.500 |
|
Aditya Vardhan Marda |
0.000 |
1.000 |
|
Richa Marda |
7.000 |
9.000 |
|
Manoj Agarwal |
7.000 |
7.000 |
|
Kusum Agarwal |
1.500 |
1.500 |
|
Harsh Vardhan Roongta |
4.500 |
4.500 |
|
Hemlata Sonthalia |
0.000 |
4.500 |
|
Chanda Roongta |
0.000 |
4.000 |
|
Rohini Sonthalia |
0.000 |
1.000 |
|
Shell Enterprise Private Limited |
3.500 |
3.500 |
|
|
|
|
|
Total |
39.720 |
52.000 |
FIXED ASSETS
- Air Condition Machine
- Building
- Computer
- Electrical Equipments
- Fire Extinguisher
- Furniture and Fixture
- Plant and Machinery
- Motor Car
|
OBSERVATION POINTS |
|
COMPANY NAME: SATYAM GARMENTS ADDRESS: 8/1 D, GURUDAS DUTTA GARDEN LANE, ULTADANGA, KOLKATA- 700067, WEST BENGAL, INDIA CONTACT NO: 91-9831011655 EMAIL: SATYAM.KOLKATA@GMAIL.COM PERSON TO WHOM WE
MET: MR. ADITYA KRISHAN KUMAR
ROONGTA DESIGNATION : PARTNER DESIGNATION: PROPRIETOR NAME BOARD: SIGHTED LOCATION: EASY LANDMARK (IF ANY): ULTADANGA BUS STAND TOTAL FLOORS OF THE BUILDING: 2 SUBJECT SITUATED ON : WHOLE PREMISES BELONGS TO THE SUBJECT LOCALITY: COMMERCIAL AREA OF PREMISES: 3000 SQ. FT. AREA: UPMARKET LEVEL OF OPERATION : MEDIUM NO. OF EMPLOYEES SEEN AT PREMISES: 83 VISIBILITY OF ITEMS: TELEPHONE COMPUTERS AIR CONDITIONER OFFICE EQUIPMENT FURNITURE ITEMS
SIGHTED: YES NEIGHBOUR’S
INTERVIEW NAME OF COMPANY
: VIJAY PACKAGING CONTACT
PERSON NAME : MR. R HUKHEJIJEE NEIGHBOUR’S OVERVIEW : HE CONFIRMED THAT SUBJECT IS SITUATED ON THE SAID ADDRESS FROM LAST 18 YEARS. NAME OF COMPANY
: MAA DURGA TIMBER CONTACT
PERSON NAME : MR. SHAW NEIGHBOUR’S OVERVIEW : HE CONFIRMED THAT SUBJECT IS SITUATED ON THE SAID ADDRESS FROM LAST 18 YEARS. PROOF OF VISIT: PHOTOGRAPH PHOTOGRAPHS : EXTERIOR WITH NAME BOARD / INTERIOR / SHOP FLOOR Details of the
Person conducting visit :
|
PICTURES
` 
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 (as on 26.03.2018
(date of report) :
No press reports / filings exists on
the subject.
INFORMATION DETAILS
|
Information
Gathered by : |
VAR |
|
|
|
|
Analysis Done by
: |
PRT |
|
|
|
|
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major sections
of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.