|
|
|
MIRA INFORM REPORT
|
Report No. : |
501229 |
|
Report Date : |
31.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
UNIVERSAL EDU-INFRA SERVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Filka Building, 1st Floor, Daftary Road, Opposite Railway Station, Malad (East), Mumbai – 400097, Maharashtra |
|
Tel. No.: |
91-22-28836959 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
11.11.2008 |
|
|
|
|
Com. Reg. No.: |
11-188116 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 5.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U80903MH2008PTC188116 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Applicable (As informed by the management that firm
does not have export and import) |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AABCU0367Q1ZU |
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|
|
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TIN No: |
27040695901 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCU0367Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject engaged in the business of construction, repair and maintenance of schools and colleges. (Registered activity and also confirmed by management) |
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|
|
|
No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject was incorporated in the year 2008 and it is having satisfactory track records. It is part of Universal Education Group. The company is specialised in executing educational campus projects on turn-key basis and providing services from the identification of land, developing design brief (as per statutory requirements of educational regulatory bodies) to the construction of buildings, providing infrastructure facilities. The company has sound financial base and comfortable capital structure along with decent networth position. Rating takes into consideration extensive experience of its promoters, strong managerial and financial support received to the company from its groups, long standing track records of business operations and comfortable liquidity position. Further, customer (Vidya Vikas Education Trust) also provides positive feedback for its services. However, rating strength is partially offset due to losses incurred by the company from last 2 years of its business operations. Trade relations are reported as fair. Business is active. Payments are slow but 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 |
INDIA RATINGS |
|
Rating |
Long term Rating (BBB+) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
03.03.2017 |
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 DETAILS)
|
Name : |
Mr. Ankit Mistry |
|
Designation : |
Finance Department |
|
Contact No.: |
91-9833694463 |
|
Date : |
30.03.2018 |
LOCATIONS
|
Registered Office : |
Filka Building, 1st Floor, Daftary Road, Opposite Railway Station, Malad (East), Mumbai – 400097, Maharashtra, India |
|
Tel. No.: |
91-22-28836959 |
|
Mobile No.: |
91-9833694463 (Mr. Ankit) |
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Fax No.: |
Not Available |
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E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
Locality : |
Commercial |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Jesus Sudhir Lall |
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Designation : |
Director |
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|
Address : |
Flat No. 02, 3rd Floor, , Filka Building, Daftari Road, Malad (East), Mumbai-400097, Maharashtra, India |
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Date of Birth/Age : |
21.05.1979 |
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Date of Appointment : |
11.11.2008 |
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DIN No: |
01071667 |
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Other Directorship:
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Name : |
Ms. Dhwani Jesus Lall |
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Designation : |
Director |
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|
Address : |
Flat No. 02, 3rd Floor, , Filka Building, Daftari Road, Malad (East), Mumbai-400097, Maharashtra, India |
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Date of Birth/Age : |
26.07.1980 |
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Date of Appointment : |
11.11.2008 |
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DIN No: |
01844926 |
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Other Directorship:
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Name : |
Ms. Neelam Sudhir Lall |
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Designation : |
Director |
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Address : |
Flat No. 02, 3rd Floor, , Filka Building, Daftari Road, Malad (East), Mumbai-400097, Maharashtra, India |
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Date of Birth/Age : |
23.01.1949 |
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Date of Appointment : |
11.11.2008 |
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DIN No: |
01862114 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Ankit Mistry |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Jesus Sudhir Lall |
490000 |
98.00 |
|
Dhwani Jesus Lall |
5000 |
1.00 |
|
Neelam Sudhir Lall |
5000 |
1.00 |
|
Total |
500000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Subject engaged in the business of construction, repair and maintenance of schools and colleges. (Registered activity and also confirmed by management) |
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Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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||||||
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Selling : |
Cheque and RTGS |
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|
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Purchasing : |
Cheque and RTGS |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Schools
|
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No. of Employees : |
25 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Kesaba Padhy and Company Chartered Accountants |
|
Address : |
104, A-Wing, New Narmada Tower, Sai Baba Nagar, Miraroad (East), Thane – 401107, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AJTPP2125P |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises where
significant influence exists : |
|
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 10/- each |
INR 5.000 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 |
5.000 |
5.000 |
5.000 |
|
(b) Reserves & Surplus |
28.829 |
29.268 |
30.781 |
|
(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) |
33.829 |
34.268 |
35.781 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.665 |
0.867 |
145.733 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
0.665 |
0.867 |
145.733 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
122.494 |
169.992 |
65.356 |
|
(b) Trade
payables |
31.017 |
37.822 |
45.289 |
|
(c) Other current
liabilities |
458.220 |
559.428 |
317.086 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
611.731 |
767.242 |
427.731 |
|
|
|
|
|
|
TOTAL |
646.225 |
802.377 |
609.245 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1.338 |
1.691 |
2.148 |
|
(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 |
0.000 |
|
(c) Deferred tax assets (net) |
0.360 |
0.370 |
0.305 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
95.886 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
97.584 |
2.061 |
2.453 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
75.942 |
169.709 |
160.260 |
|
(c) Trade
receivables |
92.978 |
190.066 |
30.499 |
|
(d) Cash
and cash equivalents |
3.869 |
19.018 |
29.170 |
|
(e)
Short-term loans and advances |
322.557 |
371.257 |
334.853 |
|
(f) Other
current assets |
53.295 |
50.266 |
52.010 |
|
Total
Current Assets |
548.641 |
800.316 |
606.792 |
|
|
|
|
|
|
TOTAL |
646.225 |
802.377 |
609.245 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
178.739 |
243.675 |
298.047 |
|
|
Other Income |
0.083 |
0.011 |
0.049 |
|
|
TOTAL |
178.822 |
243.686 |
298.096 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
59.729 |
237.197 |
255.019 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
77.604 |
(32.458) |
0.000 |
|
|
Employees benefits
expense |
11.876 |
11.972 |
10.155 |
|
|
Other expenses |
19.122 |
17.905 |
9.232 |
|
|
Prior Period Expenses |
0.000 |
0.000 |
0.151 |
|
|
TOTAL |
168.331 |
234.616 |
274.557 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
10.491 |
9.070 |
23.539 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
9.728 |
8.206 |
11.792 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
0.763 |
0.864 |
11.747 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
0.667 |
0.804 |
1.091 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
0.096 |
0.060 |
10.656 |
|
|
|
|
|
|
|
Less |
TAX |
0.505 |
1.665 |
3.511 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(0.409) |
(1.605) |
7.145 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
29.268 |
30.781 |
23.653 |
|
|
|
|
|
|
|
Add |
ADJUSTMENT FOR VALUE OF
LAPTOP |
0.000 |
0.079 |
-0.017 |
|
|
|
|
|
|
|
Add |
PRIOR PERIOD DEFERRED TAX
ASSET |
0.030 |
(0.013) |
0.000 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
28.829 |
29.268 |
30.781 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
33.852 |
155.156 |
255.019 |
|
|
TOTAL IMPORTS |
33.852 |
155.156 |
255.019 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(0.82) |
(3.21) |
14.29 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.182 |
4.119 |
0.265 |
|
Cash generated from operations |
90.154 |
39.487 |
(105.317) |
|
Net cash flows from (used in) operating activity |
89.629 |
37.769 |
(105.317) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
189.87 |
284.70 |
37.35 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
1.92 |
1.28 |
9.77 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
189.54 |
58.20 |
64.82 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.14 |
0.05 |
0.15 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
7.84 |
5.36 |
10.96 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.95 |
0.96 |
0.94 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
3.65 |
5.11 |
5.91 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
18.08 |
22.39 |
11.95 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.04 |
0.05 |
0.06 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.08 |
1.11 |
2.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
(0.23) |
(0.66) |
2.40 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(0.06) |
(0.20) |
1.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(1.21) |
(4.68) |
19.97 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.90 |
1.04 |
1.42 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.77 |
0.82 |
1.04 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.05 |
0.04 |
0.06 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
24.67 |
35.00 |
42.27 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.90 |
1.04 |
1.42 |
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 |
5.000 |
5.000 |
5.000 |
|
Reserves & Surplus |
30.781 |
29.268 |
28.829 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
35.781 |
34.268 |
33.829 |
|
|
|
|
|
|
long-term borrowings |
145.733 |
0.867 |
0.665 |
|
Short term borrowings |
65.356 |
169.992 |
122.494 |
|
Current maturities of
long-term debts |
0.265 |
4.119 |
0.182 |
|
Total
borrowings |
211.354 |
174.978 |
123.341 |
|
Debt/Equity
ratio |
5.907 |
5.106 |
3.646 |
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 |
298.047 |
243.675 |
178.739 |
|
|
|
(18.243) |
(26.649) |
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 |
298.047 |
243.675 |
178.739 |
|
Profit /(Loss) |
7.145 |
(1.605) |
(0.409) |
|
|
2.40% |
(0.66%) |
(0.23%) |
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) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
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 two/ three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
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 |
INFORMATION ON THE STATE
OF COMPANY’S AFFAIR:
The Company achieved the turnover of INR 178.800 million during the current year as against INR 243.700 million during the previous year. The profit after tax during the year was INR (0.409) million as against INR (1.605) million during the previous year 2015‐2016.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
From banks |
|
|
|
Term Loan from Kotak Mahindra Bank Limited ((Repayable in 24 EMI of INR 0.360 million starting from May, 2015 to April, 2018)) |
0.011 |
0.007 |
|
Short-term
borrowings |
|
|
|
Loan from related parties |
52.336 |
0.000 |
|
Total |
52.347 |
0.007 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B25626748 |
10182151 |
INDIAN BANK |
03/10/2009 |
21/11/2011 |
- |
70000000.0 |
GOREGAON (WEST) BRANCHA-WING, ASHOKA SUPER MARKET, GOREGOAN (WEST)MUMBAIMH400062IN |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Sales Tax demands disputed‐2012‐13 |
1.397 |
0.000 |
|
Income Tax AY 13‐14 |
5.437 |
0.000 |
FIXED ASSETS
- Office Equipments
- Air Conditioner
- Ipod
- Panasonic Phone set
- Projector
- Computers
- Laptop
- Printer
- Scanner
- Computer Software
- NAS Server
- Motor Car
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 : |
GYT |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
MTN |
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.