|
|
|
MIRA
INFORM REPORT
|
Report No. : |
498936 |
|
Report Date : |
29.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
WHITE GOLD IMPEX |
|
|
|
|
Registered
Office : |
266, Tilak Marg, Neemuch – 458441, Madhya Pradesh |
|
Tel. No.: |
91-7423-220417 |
|
Website : |
Not Available |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation
: |
21.02.1994 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 125.659 Lacs |
|
|
|
|
IEC No.: [Import-Export Code No.] |
1104007428 |
|
|
|
|
TIN No.: |
23723201782 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAUPM8861B |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BPLS08056G |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
23AAUPM8861B1ZG |
|
|
|
|
Shop &
Establishment Certificate No. |
-- |
|
|
|
|
Udyog Aadhar
No.: |
Not Available |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Trader of
Cotton Waste. |
|
|
|
|
No. of Employees
: |
4 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is a proprietorship concern established in the year 1994 having a satisfactory track record. It is engaged as trader of cotton waste. For the financial year 2017, the concern has reported a major dip in its sales turnover by 66.25% as compared to its previous year along with thin profit margin during the year. However, the firm possesses satisfactory financial risk profile marked by adequate capital base and strong debt protection metrics. Rating continue to derive strength from its long and established track record of its business operations backed by its well-experienced proprietor. However, these rating strength gets partially offset by its low profitability margin due to its presence in highly competitive cotton industry. Payments seems to be usually correct. In view of aforesaid, the concern can be considered for business dealing at usual trade terms and conditions. Note: Site visit was conducted on the registered address and our executive have successfully traced the subject. At the premises our executive met Mr. Sudhir Mangal (Proprietor). As per or executive observation, it is a shed type premises and the area of the premises is 300 SQ.FT. Location is easy to find. “Tilak Nagar Next to Gopal Mandir” as a landmark. Locality seems to be commercial and area near the premises appears to be upmarket. Further, our executive have sighted 1 employee at the premises along with some office items such as telephone, fax machine, computer, Xerox machine as well as furniture items Even the name board of the subject was sighted at the address. On enquiry with Mr. Subag from “Dosi Brothers” and Mr. Muridhar from “Murlidhar Shop.” both from neighbouring companies confirmed the existence of the subject. Note 2: Mr. Sudhir Mangal (Proprietor) claimed that RRM College (Radhadevi Ramchandra Mangal School of Management and Research) which was sighted on the name board is owned by his brother. Further he claimed that “Jagdish Prasad and Sons” earlier existed at the address and now the company is closed. |
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 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. Sudhir Ram Chandra Mangal |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9425106591 |
|
Date : |
27.03.2018 |
LOCATIONS
|
Registered Office : |
266, Tilak Marg, Neemuch – 458441, Madhya Pradesh, India |
|
Tel. No.: |
91-7423-220417 |
|
Mobile No.: |
91-9425106591 (Mr. Sudhir Ram Chandra Mangal) |
|
Fax No.: |
91-7423-228333 |
|
E-Mail : |
|
|
Area : |
300 Sq. Ft (As per site visit) |
|
Locality : |
Commercial (As per site visit) |
SOLE PROPRIETOR
|
Name : |
Mr. Sudhir Ram Chandra Mangal |
|
Designation : |
Proprietor |
|
Address : |
House No.39, HUDCO Colony, Neemuch – 458441, Madhya Pradesh, India |
|
Date of Birth/Age : |
18.02.1965 |
|
Aadhar No.: |
9781 3558 4144 |
|
PAN No.: |
AAUPM8861B |
|
Mobile No.: |
91-9425106591 |
|
Email : |
DETAILS OF GROUP COMPANIES
NIL
BUSINESS DETAILS
|
Line of Business : |
Trader of
Cotton Waste. |
|
|
|
|
Products : |
Cotton Waste |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (10 to 30 Days) |
|
|
|
|
Purchasing : |
Advance Payment, Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Nitin Spinners Limited, Bhilwara ·
Spentex Industries Limited, Pitampur |
||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||
|
Customers : |
Manufacturer and End Users
· Sardhana Spinning Mills Private Limited, Sardhana · Hindoostan Mills Limited, Mumbai · Lagnam Spintex Limited, Bhilwara |
||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||
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No. of Employees : |
4 (Approximately) |
||||||||||||||||||||||||||||||||||||||
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Bankers : |
|
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|
||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Rajendra Garg and Company Chartered Accountants |
|
Address : |
60 A, Saket Nagar, Near Kumawat Dharamshala, Indore – 452018, Madhya
Pradesh, India |
|
Tel No.: |
91-731-2562787 |
|
E-Mail : |
|
|
Membership No.: |
074054 |
LITIGATIONS
NIL
CAPITAL STRUCTURE
[INR in Lacs]
As on 31.03.2017
|
Proprietor’s
Capital Account |
[INR in Lacs] |
|
Opening Balance |
113.811 |
|
|
|
|
Add : Profit for the year |
13.699 |
|
Add : Dividend Received |
0.005 |
|
Add : Interest on PPF |
0.278 |
|
Add : Interest on Savings Bank A/c |
0.085 |
|
Add : Other Credits |
0.201 |
|
|
|
|
Less : Withdrawals During the year |
(1.708) |
|
Less : Income Tax FY 2015-16 |
(0.640) |
|
Less : Medical Insurance u/s 80D |
(0.072) |
|
Closing Balance |
125.659 |
FINANCIAL DATA
[all figures are
INR Lacs]
Note: Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
ABRIDGED
BALANCE SHEET
|
SOURCES OF
FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
EQUITY AND LIABILITIES |
|
|
|
|
|
1] Proprietor’s Capital |
125.659 |
113.811 |
105.540 |
|
|
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 |
125.659 |
113.811 |
105.540 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
117.049 |
3.823 |
19.174 |
|
|
2] Unsecured Loans |
87.169 |
0.000 |
0.000 |
|
|
TOTAL
BORROWING |
204.218 |
3.823 |
19.174 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
329.877 |
117.634 |
124.714 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
23.121 |
24.255 |
22.273 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
5.539 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
22.465 |
25.609 |
27.100 |
|
|
Sundry Debtors |
260.436 |
35.783 |
34.124 |
|
|
Cash & Bank Balances |
1.416 |
18.869 |
2.642 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans, Advances & Deposits |
17.287 |
13.218 |
40.769 |
|
Total Current Assets |
301.604 |
93.479 |
104.635 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000 |
0.100 |
2.194 |
|
|
Other Current Liabilities |
0.000 |
0.000 |
0.000 |
|
|
Provisions |
0.387 |
0.000 |
0.000 |
|
Total Current Liabilities |
0.387 |
0.100 |
2.194 |
|
|
Net Current
Assets |
301.217 |
93.379 |
102.441 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
329.877 |
117.634 |
124.714 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1426.062 |
4225.228 |
1094.529 |
|
|
Other Income |
0.000 |
2.367 |
14.521 |
|
|
TOTAL
|
1426.062 |
4227.595 |
1109.050 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of goods sold |
1290.309 |
4159.047 |
955.850 |
|
|
Bale Pressing Expenses |
9.882 |
0.000 |
45.520 |
|
|
Freight Inwards Expenses |
2.912 |
3.172 |
10.217 |
|
|
Loading and Unloading Expenses |
0.724 |
0.131 |
0.840 |
|
|
Power and Fuel Expenses |
1.000 |
0.965 |
0.668 |
|
|
Rebate, Shortage and Discount
Expenses |
7.093 |
2.196 |
0.638 |
|
|
Commission Expenses |
9.074 |
0.208 |
0.000 |
|
|
Courier Charges |
0.224 |
0.268 |
0.155 |
|
|
Electricity Expenses |
0.107 |
0.091 |
0.123 |
|
|
E News |
0.118 |
0.101 |
0.101 |
|
|
Freight Outwards |
58.665 |
31.014 |
15.599 |
|
|
General Office Expenses |
0.366 |
0.487 |
0.754 |
|
|
Insurance Expenses |
0.601 |
0.316 |
0.000 |
|
|
Legal Fees |
0.255 |
0.000 |
0.000 |
|
|
News Paper and Advertisement
Expenses |
0.044 |
0.047 |
0.034 |
|
|
Professional Tax |
0.025 |
0.025 |
0.025 |
|
|
Rent Expenses |
0.780 |
0.188 |
2.531 |
|
|
Repairs and Maintenance
Expenses |
0.175 |
0.353 |
0.545 |
|
|
Salary Wages |
16.318 |
8.599 |
14.534 |
|
|
Stationery and Printing
Expenses |
0.324 |
0.391 |
0.524 |
|
|
Telephone Expenses |
0.664 |
0.765 |
0.639 |
|
|
Travelling Expenses |
2.181 |
1.734 |
5.722 |
|
|
Vehicle Running Expenses |
1.192 |
0.986 |
1.250 |
|
|
Entry Tax |
0.000 |
0.083 |
0.000 |
|
|
Legal Fees and Audit Fees |
0.000 |
0.155 |
0.261 |
|
|
Sales Tax |
0.000 |
0.050 |
0.772 |
|
|
Business promotion Expenses |
0.000 |
0.000 |
0.090 |
|
|
Dalali Expenses |
0.000 |
0.000 |
0.232 |
|
|
Labour Welfare and Medical
Expenses |
0.000 |
0.000 |
0.169 |
|
|
Road Tax insurance |
0.000 |
0.000 |
0.501 |
|
|
VAT tax |
0.000 |
0.000 |
0.130 |
|
|
TOTAL |
1403.033 |
4211.372 |
1058.424 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE INTEREST, DEPRECIATION AND AMORTISATION |
23.029 |
16.223 |
50.626 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
7.223 |
4.952 |
33.686 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE, DEPRECIATION AND AMORTISATION |
15.806 |
11.271 |
16.940 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
2.107 |
2.142 |
1.988 |
|
|
|
|
|
|
|
|
NET
PROFIT/ (LOSS) |
13.699 |
9.129 |
14.952 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
66.66 |
3.09 |
11.38 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
5.48 |
118.08 |
32.08 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
0.00 |
0.01 |
0.84 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.03 |
0.63 |
1.87 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.00 |
0.67 |
2.27 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.62 |
0.03 |
0.17 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.63 |
0.03 |
0.18 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.70 |
0.00 |
0.02 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.18 |
0.21 |
0.21 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
3.19 |
3.28 |
1.50 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT
/ Sales) * 100) |
% |
0.96 |
0.22 |
1.37 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
4.15 |
7.75 |
11.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
10.90 |
8.02 |
14.17 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
3.51 |
934.79 |
47.69 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
3.25 |
678.70 |
35.34 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.38 |
0.97 |
0.83 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1.63 |
0.03 |
0.18 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
3.51 |
934.79 |
47.69 |
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 |
105.540 |
113.811 |
125.659 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
105.540 |
113.811 |
125.659 |
|
|
|
|
|
|
Secured Loans |
19.174 |
3.823 |
117.049 |
|
Unsecured Loans |
0.000 |
0.000 |
87.169 |
|
Total
borrowings |
19.174 |
3.823 |
204.218 |
|
Debt/Equity
ratio |
0.182 |
0.034 |
1.625 |
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 |
1094.529 |
4225.228 |
1426.062 |
|
|
|
286.032 |
(66.249) |
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 |
1094.529 |
4225.228 |
1426.062 |
|
Profit/ (Loss) |
14.952 |
9.129 |
13.699 |
|
|
1.37% |
0.22% |
0.96% |
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 |
No |
|
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 |
|
OBSERVATION POINTS |
|
Name of Company : |
WHITE GOLD IMPEX |
|
|
|
|
Address : |
266, Tilak Marg, Neemuch – 458441, Madhya Pradesh, India |
|
|
|
|
Mobile No.: |
91-9425106591 |
|
|
|
|
Email : |
|
|
|
|
|
Person to whom we met: |
Mr. Sudhir Ram Chandra Mangal |
|
|
|
|
Designation : |
Proprietor |
|
|
|
|
Name Board : |
Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark (If Any): |
Tilak Nagar Next to Gopal Mandir |
|
|
|
|
Total Floors of the building: |
Shed type premises |
|
|
|
|
Locality: |
Commercial |
|
|
|
|
Area of premises : |
300 Sq. Ft. |
|
|
|
|
Area : |
Upmarket |
|
|
|
|
Level of
operation : |
High |
|
|
|
|
Details of hypothecation signboard (If Any) (As displayed in factory /
work) : |
NA |
|
|
|
|
No. of employees seen at premises: |
1 |
|
|
|
|
Visibility of
Items: |
·
Telephone ·
Fax Machine ·
Computers ·
Office Equipment ·
Xerox Machine |
|
|
|
|
Furniture items
sighted : |
Table and Chair |
|
|
|
|
Neighbour’s
interview : |
Name of Company : Dosi Brothers Contact Person Name : Mr. Subag Name of Company : Murlidhar Shop Contact Person Name : Mr. Muridhar Neighbour’s Overview : Existence confirmed |
|
|
|
|
Proof of visit: |
·
Photographs ·
Visiting Card
Photographs:
Exterior with name board / Interior |
|
|
|
|
Details of the person conducting visit: |
Name : Nilesh Virendra Kanoujia Designation : Field Executive Contact No.: 91-8898917687 |
PICTURES
NEIGHBOURS
UNSECURED LOAN
|
Particulars |
31.03.2017 (INR
in Lacs) |
31.03.2016 (INR
in Lacs) |
|
Anita Mangal |
25.706 |
0.000 |
|
Bharati Goyal |
2.750 |
0.000 |
|
Deepika Garg |
5.000 |
0.000 |
|
Ganga Devi Garg |
3.000 |
0.000 |
|
Harsh Goyal |
5.000 |
0.000 |
|
Omprakash Goyal HUF |
1.250 |
0.000 |
|
Purohit Dainik Market Report |
5.000 |
0.000 |
|
Purshottam Garg |
7.000 |
0.000 |
|
Shri Ganesh Transport |
0.015 |
0.000 |
|
Shailesh Magal HUF |
32.448 |
0.000 |
|
Total |
87.169 |
0.000 |
FIXED ASSETS
- Agriculture Land at Bholiawas
- House at HUDCO
- Car
- Mobile
- Office Equipments
- Plant and Machinery
- Two Wheeler Vehicles
- Weighing Scale
- Computer
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 29.03.2018
(date of report) :
No press reports / filings exists on the
subject.
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
Analysis Done by
: |
NIS |
|
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 |
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.
·