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|
|
MIRA
INFORM REPORT
|
Report No. : |
500799 |
|
Report Date : |
29.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
AYUSHMAN MERCHANTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
P/1 of 5th Floor, Plot No. 10 and 11, Shyam Arihant, MCH No. 1-8-304 to 307/10, Pattigada Road, Secunderabad – 500003, Telangana |
|
Tel. No.: |
91-40-66494900 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
16.10.2007 |
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|
|
|
Com. Reg. No.: |
36-097280 |
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|
|
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Capital
Investment / Paid-up Capital : |
INR 4.467 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909TG2007PTC097280 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0210011998 |
|
|
|
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TIN No.: |
36430225026 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAGCA6626B |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
36AAGCA6626B1ZZ |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
The company is mainly engaged in the business of trading of PVC (Poly
Vinyl Chloride) and Chemical and Mineral Powder. (Registered Activity and also confirmed by management) |
|
|
|
|
No. of Employees
: |
50 (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 |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 2007 and it is having satisfactory track records. For the financial year 2017, the company has healthy increased in its revenue from operation and maintained average profitability margin of 4.57%. Rating takes into consideration sound financial profile of the company marked by adequate networth base and average debt balance sheet. Further, rating also reflects from its long track record of the promoters in the polymer consignment sales business and improvement in the revenue profile during the year. Trade relations are reported as fair. Business is active. Payments are seems to be usually correct. 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
|
Rating Agency Name |
ICRA |
|
Rating |
Long term rating : BB- |
|
Rating Explanation |
Moderate risk of default |
|
Date |
13.03.2018 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 29.03.2018
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. Mahendra |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-40-66494900 |
LOCATIONS
|
Registered Office : |
P/1 of 5th Floor, Plot No. 10 and 11, Shyam Arihant, MCH No. 1-8-304 to 307/10, Pattigada Road, Secunderabad – 500003, Telangana, India |
|
Tel. No.: |
91-40-66494900 |
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Fax No.: |
91-40-66494900 |
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E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Manoj Kumar Dugar |
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Designation : |
Director |
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Address : |
1 - 8 - 155/6 and 6A / 301, MARC Residency, PG Road, Secunderabad –
500003, Telangana, India |
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Date of Birth/Age : |
25.05.1968 |
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Date of Appointment : |
13.02.2009 |
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DIN No.: |
00352733 |
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Other
Directorship:
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||||||||||||||||||||||||||||||||
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Name : |
Mr. Rajesh Kumar Dugar |
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Designation : |
Director |
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Address : |
Plot No.7, Priya Colony, Kakaguda, Hyderabad – 500007, Telangana,
India |
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Date of Birth/Age : |
23.11.1973 |
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Date of Appointment : |
13.02.2009 |
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DIN No.: |
00730059 |
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Other
Directorship:
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Name : |
Mr. Divay Dugar |
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Designation : |
Director |
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|
Address : |
1 - 8 - 155/6 and 6A / 301, MARC Residency, PG Road, Secunderabad –
500003, Telangana, India |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
13.12.2016 |
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DIN No.: |
06823699 |
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Other Directorship:
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Name : |
Mr. Chirag Dugar |
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Designation : |
Director |
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|
Address : |
1 - 8 - 155/6 and 6A / 301, MARC Residency, PG Road, Secunderabad –
500003, Telangana, India |
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|
Date of Appointment : |
29.09.2016 |
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DIN No.: |
07542818 |
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Other
Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Mahendra |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Manoj Kumar Dugar |
20000 |
4.48 |
|
Rajesh Kumar Dugar |
10000 |
2.24 |
|
Tara Devi Dugar |
40000 |
8.95 |
|
Renu R. Dugar |
8000 |
1.79 |
|
Dugar Polymers Limited, India |
186700 |
41.80 |
|
Defodil Dealcom Private Limited, India |
182000 |
40.74 |
|
Total |
446700 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
17.46 |
|
Promoters (Body corporate) |
82.54 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is mainly engaged in the business of trading of PVC (Poly
Vinyl Chloride) and Chemical and Mineral Powder. (Registered Activity and also confirmed by management) |
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Products / Services
: |
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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 : |
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Products : |
Finished Goods |
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Countries : |
·
China ·
South Korea ·
Egypt |
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Terms : |
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Selling : |
L/C, Credit (30 Days) |
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Purchasing : |
L/C, Credit (30 Days) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users, OEM’s
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No. of Employees : |
50 (Approximately) |
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Bankers : |
State Bank of India, Secunderabad Branch, Patny Centre, Secunderabad-500003,
Telangana, India |
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Facilities : |
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Auditors : |
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|
Name : |
Kathotia and Company Chartered Accountants |
|
Address : |
Room No. 2, Sree Chandra Complex, Mahankali Street, Secunderabad – 500003,
Telangana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAGFK2833F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associate : |
Defodil Dealcom Private Limited |
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|
|
|
Company in which KMP / relatives of KMP can exercise significant
influence : |
·
Dugar Polymers Limited ·
Welset Polypack Private Limited |
CAPITAL STRUCTURE
After 29.09.2017
Authorised Capital : INR 15.000 million
Issued, Subscribed & Paid-up Capital : INR 15.000
million
As on 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1250000 |
Equity Shares |
INR 10/- each |
INR 12.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
446700 |
Equity Shares |
INR 10/- each |
INR 4.467 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
4.467 |
4.467 |
4.467 |
|
(b) Reserves & Surplus |
51.765 |
45.307 |
38.274 |
|
(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) |
56.232 |
49.774 |
42.741 |
|
|
|
|
|
|
(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 |
0.001 |
0.000 |
0.001 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
0.001 |
0.000 |
0.001 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
161.523 |
84.718 |
97.634 |
|
(b) Trade payables |
207.548 |
77.722 |
113.867 |
|
(c) Other current liabilities |
113.858 |
36.310 |
36.622 |
|
(d) Short-term provisions |
5.779 |
5.496 |
2.659 |
|
Total
Current Liabilities (4) |
488.708 |
204.246 |
250.782 |
|
|
|
|
|
|
TOTAL |
544.941 |
254.020 |
293.524 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1.504 |
1.781 |
2.447 |
|
(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 |
2.691 |
|
(c) Deferred tax assets (net) |
0.284 |
0.254 |
0.174 |
|
(d) Long-term Loan and Advances |
0.620 |
0.308 |
0.218 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
2.408 |
2.343 |
5.530 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
37.855 |
16.076 |
5.642 |
|
(c) Trade receivables |
475.173 |
210.892 |
256.731 |
|
(d) Cash and cash equivalents |
8.826 |
14.764 |
21.440 |
|
(e) Short-term loans and
advances |
8.376 |
9.608 |
3.478 |
|
(f) Other current assets |
12.303 |
0.337 |
0.703 |
|
Total
Current Assets |
542.533 |
251.677 |
287.994 |
|
|
|
|
|
|
TOTAL |
544.941 |
254.020 |
293.524 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
141.398 |
51.678 |
53.032 |
|
|
Other Income |
23.098 |
14.087 |
9.817 |
|
|
TOTAL
|
164.496 |
65.765 |
62.849 |
|
|
|
(Due to Business Growth) |
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
123.519 |
27.551 |
20.300 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(21.779) |
(10.435) |
(1.608) |
|
|
Employees benefits expense |
4.251 |
3.722 |
4.057 |
|
|
Other expenses |
27.887 |
23.261 |
14.327 |
|
|
Profit on sales of Investment
assets |
0.000 |
(0.926) |
0.000 |
|
|
TOTAL |
133.878 |
43.173 |
37.076 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
30.618 |
22.592 |
25.773 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
20.752 |
12.135 |
16.854 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
9.866 |
10.457 |
8.919 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
0.496 |
0.666 |
1.080 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
9.370 |
9.791 |
7.839 |
|
|
|
|
|
|
|
Less |
TAX |
2.911 |
2.758 |
2.474 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
6.459 |
7.033 |
5.365 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
14.46 |
15.74 |
12.01 |
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 from operating activities |
(68.029) |
13.388 |
90.737 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
1226.60 |
1489.52 |
1766.99 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
0.30 |
0.25 |
0.21 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
613.31 |
1029.67 |
2047.36 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.81 |
1.41 |
4.57 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
20.36 |
12.69 |
10.53 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.90 |
0.80 |
0.85 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
2.87 |
1.70 |
2.28 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
8.69 |
4.10 |
5.87 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.03 |
0.04 |
0.06 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.48 |
1.86 |
1.53 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
4.57 |
13.61 |
10.12 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.19 |
2.77 |
1.83 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
11.49 |
14.13 |
12.55 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.11 |
1.23 |
1.15 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.03 |
1.15 |
1.13 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.10 |
0.20 |
0.15 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
36.16 |
18.97 |
21.86 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.11 |
1.23 |
1.15 |
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 |
4.467 |
4.467 |
4.467 |
|
Reserves & Surplus |
38.274 |
45.307 |
51.765 |
|
Net
worth |
42.741 |
49.774 |
56.232 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
97.634 |
84.718 |
161.523 |
|
Total
borrowings |
97.634 |
84.718 |
161.523 |
|
Debt/Equity
ratio |
2.284 |
1.702 |
2.872 |
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 |
53.032 |
51.678 |
141.398 |
|
|
|
(2.553) |
173.614 |
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 |
53.032 |
51.678 |
141.398 |
|
Profit |
5.365 |
7.033 |
6.459 |
|
|
10.12% |
13.61% |
4.57% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of establishment |
Yes |
|
2] |
Constitution of the entity Incorporation
details |
Yes |
|
3] |
Locality of the entity |
Yes |
|
4] |
Premises details |
No |
|
5] |
Buyer visit details |
-- |
|
6] |
Contact numbers |
Yes |
|
7] |
Name of the person contacted |
Yes |
|
8] |
Designation of contact person |
Yes |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
No |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
Yes |
|
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% |
Yes |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
External Agency Rating, if available |
Yes |
|
32] |
Litigations that the firm/promoter
involved in |
-- |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
Yes |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE
INFORMATION
The company is a limited company domiciled in India ad incorporated
under the provisions of the Companies Act, 1956. Its shares are not listed on
any stock exchanges in India. The company is mainly engaged in the business of
trading of PVC (Poly Vinyl Chloride) and Chemical and Mineral Powder. The
company carries on its business in domestic markets only.
HIGHLIGHTS
The EBT decreased marginally by INR 0.421 million from INR 9.791 million
INR 9.370 million. Excluding the profit on sale of Investment asses to the tune
of INR 0.926 million in previous year, they have registered increase of INR
0.505 million from INR 8.865 million to INR 9.370 million recording around
5.70% growth in bottom-line of the company.
Earnings per share (basic) amounted to INR 14.46 per share, as against
INR 15.74 per share in the previous year.
They hope to improvement in the years to come. The directors are
committed to increase company’s earnings manifold in the coming years by
increasing the efforts in marketing of Chlorinated paraffin, exploring their
existing customer base.
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
From Bodies Corporate |
15.242 |
5.911 |
|
Total |
15.242 |
5.911 |
INDEX OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G30045744 |
10282511 |
State Bank of India |
23/03/2011 |
31/10/2016 |
- |
200000000.0 |
BIBLE HOUSE (R.P. ROAD BRANCH) KEYJEE MANSION, RANUGUNJ CIRCLE SECUNDERABAD TG 500003 INDIA |
|
2 |
G34431379 |
10453621 |
STATE BANK OF INDIA |
25/09/2013 |
- |
16/01/2017 |
200000000.0 |
SECUNDERABAD BRANCH PATNY CETRE SECUNDERABAD AP 500003 INDIA |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
The company has given corporate Guarantee
for Fund Based Limit INR 150.000 Million and non-Fund based Limit of INR
50.000 Million, sanctioned by State Bank of India, Secunderabad Branch to
M/s. Dugar Polymers Limited (CIN No.: U17119GJ2003PLC042041) Amount Outstanding as on 31st
March, 2016 – INR 125.062 Million Amount Outstanding as on 31st
March, 2015 – INR 129.514 Million The company has also created Equitable
Mortgage with State Bank of India, for the above credit facilities, on
immovable asset held (Satisfaction of charge on property as well
as corporate guarantee release has been obtained in 2016-17) |
0.000 |
200.000 |
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, 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 64.80 |
|
UK Pound |
1 |
INR 92.26 |
|
Euro |
1 |
INR 80.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.
·