|
|
|
MIRA
INFORM REPORT
|
Report No. : |
501181 |
|
Report Date : |
31.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
TRIDENT INDUSTRIAL
TIRES AND TRACKS LLP |
|
|
|
|
Registered
Office : |
Trident Intl, Rashmi
Industrial Estate, S. No.70/A, Wanawadi, Pune – 411 040, Maharashtra |
|
Tel. No.: |
91-20-71199100 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
12.02.2014 |
|
|
|
|
LLPIN No.: |
AAC-0834 |
|
|
|
|
Total Obligation
of Contribution : |
INR 54.202 million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Limited Liability Partnership |
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|
|
|
Line of Business
: |
To carry on the business of design, development, production, sale,
export and import of Tires, Tubes and Accessories, Belting Rubber Tracks, Tracks Suitable for
Combine Harvesters and Threshers, Spare parts for Construction Equipment and
Machinery, Agricultural Implements, Components, Parts and Accessories,
Undercarriage Parts, Wheels, Wheel Rim Castings, Other Industrial and Rubber
Products. (Registered activity and also Confirmed by management) |
|
|
|
|
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 |
|
Maximum Credit Limit : |
USD 150000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established Limited Liability Partnership firm started
in the year 2014 having satisfactory track record. For the financial year ended 2017, the firm has witnessed a healthy
growth in its revenue and has achieved decent profit margin at 6.48%
(Approximately). The rating also takes into consideration adequate capital base and
debt free balance sheet profile of the firm. Trade relations are reported as fair. Business is active. Payment
terms are seems to be usually correct and as per commitments. The Limited Liability Partnership firm 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.
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 31.03.2018
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 (GENERAL INFORMATION)
|
Name : |
Mrs. Archana |
|
Designation : |
Account Manager |
|
Contact No.: |
91-20-71199100 |
|
Date : |
29.03.2018 |
LOCATIONS
|
Registered Office/ Head Office : |
Trident Intl, Rashmi
Industrial Estate, S. No.70/A, Wanawadi, Pune – 411 040, Maharashtra, India |
|
Tel. No.: |
91-20-71199100 |
|
Fax No.: |
91-20-71199199 |
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E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Factory/ Warehouse : |
Gat No.1354, D6, Mandhar Warehouse, Saswad Road, Wadaki, Pune-412308,
Maharashtra, India |
|
Location : |
Leased |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr.
Manoj Harkishin Gyanani |
||||||||||||||||||||
|
Designation : |
Designated
Partner |
||||||||||||||||||||
|
Address : |
D1/4,
Padma Vilas Enclave, 18, Mhadaji Shinde Marg, Wanawadi, Pune – 411 040,
Maharashtra, India |
||||||||||||||||||||
|
Date of Birth/ Age
: |
28.08.1973 |
||||||||||||||||||||
|
Date of Appointment : |
12.02.2014 |
||||||||||||||||||||
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DPIN No.: |
00397440 |
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Other Directorship:
|
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|
|
||||||||||||||||||||
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Name : |
Mr.
Ghansham Harkishin Gyanani |
||||||||||||||||||||
|
Designation : |
Designated
Partner |
||||||||||||||||||||
|
Address : |
D4/2,
Padma Vilas Enclave, 18, Mhadaji Shinde Marg, Wanawadi, Pune – 411 040,
Maharashtra, India |
||||||||||||||||||||
|
Date of Birth/ Age
: |
18.04.1972 |
||||||||||||||||||||
|
Date of Appointment : |
12.02.2014 |
||||||||||||||||||||
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DPIN No.: |
00397480 |
||||||||||||||||||||
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Other Directorship:
|
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|
|
|
||||||||||||||||||||
|
Name : |
Mr.
Harikishan Tejumal Gyanani |
||||||||||||||||||||
|
Designation : |
Designated
Partner |
||||||||||||||||||||
|
Address : |
D1/2,
Padma Vilas Enclave, Prince of Wales Drive, Wanawadi, Pune – 411 040,
Maharashtra, India |
||||||||||||||||||||
|
Date of Birth/ Age
: |
14.03.1946 |
||||||||||||||||||||
|
Date of Appointment : |
12.02.2014 |
||||||||||||||||||||
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DPIN No.: |
00403832 |
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Other Directorship:
|
|||||||||||||||||||||
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|
|
||||||||||||||||||||
|
Name : |
Ms.
Radhika Ghansham Gyanani |
||||||||||||||||||||
|
Designation : |
Designated
Partner |
||||||||||||||||||||
|
Address : |
D1/2,
Padma Vilas Enclave, Prince of Wales Drive, Wanawadi, Pune – 411 040,
Maharashtra, India |
||||||||||||||||||||
|
Date of Birth/ Age
: |
24.08.1969 |
||||||||||||||||||||
|
Date of Appointment : |
12.02.2014 |
||||||||||||||||||||
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DPIN No.: |
01353802 |
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Other Directorship:
|
|||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mrs. Archana |
|
Designation : |
Account Manager |
CONTRIBUTION DETAILS
As on 31.03.2017
|
Names of Persons |
|
INR In Million |
|
Manoj Harkishin Gyanani |
|
0.120 |
|
Ghansham Harkishin Gyanani |
|
0.730 |
|
Harikishan Tejumal Gyanani |
|
0.100 |
|
Radhika Ghansham Gyanani |
|
0.050 |
|
Total |
|
1.000 |
BUSINESS DETAILS
|
Line of Business : |
To carry on the business of design, development, production, sale,
export and import of Tires, Tubes and Accessories, Belting Rubber Tracks, Tracks Suitable for
Combine Harvesters and Threshers, Spare parts for Construction Equipment and
Machinery, Agricultural Implements, Components, Parts and Accessories,
Undercarriage Parts, Wheels, Wheel Rim Castings, Other Industrial and Rubber
Products. (Registered activity and also Confirmed by management) |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
|
|
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Agencies Held : |
Not Divulged |
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|
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Exports : |
|
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Products : |
Finished Goods |
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Countries : |
|
|
|
|
|
Imports : |
Not Divulged |
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|
|
|
Terms : |
|
|
Selling : |
L/C, Cheque and Credit, RTGS |
|
|
|
|
Purchasing : |
L/C, Cheque and Credit, RTGS |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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|
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Customers : |
Wholesalers and Retailers
|
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No. of Employees : |
20 (Approximately) |
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Bankers : |
|
||||||||||||||||||||||
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Auditors : |
|
|
Name : |
Gundesha and Associates Chartered Accountants |
|
Address : |
303, Khopkar Heights, 383 New Rasta Peth, Opposite YMCA Club, Pune-411011,
Maharashtra, India |
|
Tel No.: |
91-20-26136325/26119449/26069877 |
|
Fax No.: |
91-20-26136325/26119449/26069877 |
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E-Mail : |
|
|
|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2017
TOTAL OBLIGATION:
|
Contribution
received |
Obligation of contribution (INR in million)
|
|
Ghansham Harkishin Gyanani |
0.730 |
|
Harikishan Tejumal Gyanani |
0.100 |
|
Manoj Harkishin Gyanani |
0.120 |
|
Radhika Ghansham Gyanani |
0.050 |
|
Total |
1.000 |
|
Partners Current
Account |
31.03.2017 (INR in million) |
|
1. Ghansham
Gyanani b/d |
26.204 |
|
Less: Withdrawal |
2.920 |
|
|
23.284 |
|
Add: Profit Share 73% |
15.554 |
|
Ghansham Harkishin Gyanani c/d |
38.837 |
|
|
|
|
2. Harikishan
Tejumal Gyanani b/d |
3.589 |
|
Less: Withdrawal |
0.400 |
|
|
3.189 |
|
Add: Profit Share 10% |
2.130 |
|
Harikishan
Tejumal Gyanani c/d |
5.320 |
|
|
|
|
3. Manoj
Harkishin Gyanani b/d |
4.307 |
|
Less: Withdrawal |
0.480 |
|
|
3.827 |
|
Add: Profit Share 12% |
2.557 |
|
Manoj Harkishin
Gyanani c/d |
6.384 |
|
|
|
|
4. Radhika Ghansham Gyanani b/d |
1.795 |
|
Less: Withdrawal |
0.200 |
|
|
1.595 |
|
Add: Profit Share 5% |
1.065 |
|
Radhika Ghansham
Gyanani c/d |
2.660 |
|
Total |
53.202 |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
CONTRIBUTION AND
LIABILITIES |
|
|
|
|
|
1] Contribution Received |
1.000 |
1.000 |
1.000 |
|
|
2] Partners Current Account |
53.202 |
35.895 |
14.521 |
|
|
3] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
4] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
5] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
54.202 |
36.895 |
15.521 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
5.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
5.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
54.202 |
36.895 |
20.521 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.233 |
0.816 |
0.914 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
5.450 |
3.650 |
2.325 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000
|
0.000
|
|
|
Sundry Debtors |
31.658
|
10.180
|
5.458
|
|
|
Cash & Bank Balances |
56.651
|
38.741
|
23.540
|
|
|
Other Current Assets |
11.273
|
11.267
|
7.517
|
|
|
Loans & Advances |
0.000
|
0.094
|
0.002
|
|
Total
Current Assets |
99.582
|
60.282
|
36.517
|
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
40.453
|
16.260
|
11.596
|
|
|
Other Current Liabilities |
0.014
|
0.024
|
0.029
|
|
|
Provisions |
11.596
|
11.569
|
7.610
|
|
Total
Current Liabilities |
52.063
|
27.853
|
19.235
|
|
|
Net Current Assets |
47.519
|
32.429
|
17.282
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
54.202 |
36.895 |
20.521 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
328.720 |
265.786 |
217.322 |
|
|
Other Income |
0.151 |
2.812 |
1.127 |
|
|
TOTAL
|
328.871 |
268.598 |
218.449 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchase and Direct Expenses |
280.881 |
222.956 |
183.674 |
|
|
Sea Freight |
10.574 |
10.406 |
11.169 |
|
|
Personnel Expenses |
1.514 |
1.272 |
0.470 |
|
|
Administrative Expenses and
Other expenses |
3.140 |
0.909 |
0.603 |
|
|
TOTAL |
296.109 |
235.543 |
195.916 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
32.762 |
33.055 |
22.533 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.225 |
0.460 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
32.762 |
32.830 |
22.073 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
0.179 |
0.143 |
0.075 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
32.583 |
32.687 |
21.998 |
|
|
|
|
|
|
|
Less |
TAX |
11.276 |
11.312 |
7.477 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
21.307 |
21.375 |
14.521 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
35.15 |
13.98 |
9.17 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
10.38 |
26.11 |
39.82 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
52.57 |
26.62 |
23.04 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
26.57 |
40.51 |
24.65 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.49 |
0.43 |
0.61 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.32 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.96 |
0.75 |
1.56 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.02 |
0.02 |
0.06 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
0.00 |
146.91 |
48.98 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
6.48 |
8.04 |
6.68 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
20.05 |
33.01 |
36.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
39.31 |
57.93 |
93.56 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.91 |
2.16 |
1.51 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.91 |
2.16 |
1.51 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.51 |
0.57 |
0.39 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.00 |
5.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.91 |
2.16 |
1.51 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Contribution Received |
1.000 |
1.000 |
1.000 |
|
Partners Current Account |
14.521 |
35.895 |
53.202 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
15.521 |
36.895 |
54.202 |
|
|
|
|
|
|
Secured Loans |
0.000 |
0.000 |
0.000 |
|
Unsecured Loans |
5.000 |
0.000 |
0.000 |
|
Total
borrowings |
5.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.322 |
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
|
217.322 |
265.786 |
328.720 |
|
|
|
22.301 |
23.678 |
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
|
217.322 |
265.786 |
328.720 |
|
Profit |
14.521 |
21.375 |
21.307 |
|
|
6.68% |
8.04% |
6.48% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES: NO CHARGES EXIST FOR THE
COMPANY
FIXED ASSETS
- Car Purchase
- Mobile
- Office Equipment
- Motor Cycle
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 65.04 |
|
|
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
ARC |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SUJ |
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 |
YES |
|
--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.