|
|
|
MIRA INFORM REPORT
|
Report No. : |
511719 |
|
Report Date : |
30.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
ALLIED CHEMICALS AND PHARMACEUTICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Rajnigandha Complex, 8734, Desh Bandhu Gupta Road, Paharganj, New Delhi - 110055 |
|
Tel. No.: |
91-11-23681000/ 23514056/ 23517726/ 23517787/ 23616613/ 65356613 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation
: |
01.01.1965 |
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|
|
|
Com. Reg. No.: |
55-004310 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 1.600 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1965PTC004310 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Applicable [As informed by the management that firm does
not have export and import] |
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|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA0824B |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Drugs and Pharmaceuticals of Formulations,
Tablets, Capsule Types, Ointments, Carisoprodol Tablets etc. (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 |
|
Maximum Credit Limit : |
USD 900000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company incorporated in the year 1995 having
satisfactory track records. For the financial year ended2017, revenue and profit of the company
has declined. However, the company possesses sound financial profile marked by
healthy net worth base along with negligible debt recorded by the company. The company also derives strength from its long standing track record
of business operation. Trade relations are reported as fair. Business is active. Payment
terms are seems to be usually correct and as per commitments. In view of the aforesaid, 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
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
31-03-2018.
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 30.05.2018.
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. Saurabh Gupta |
|
Designation : |
Whole-Time Director |
|
Contact No.: |
91-9810008818 |
|
Date : |
27.05.2018 |
LOCATIONS
|
Registered / Corporate Office : |
Rajnigandha Complex, 8734, D. B. Gupta Road, Pahar Ganj, New Delhi – 110055, India |
|
Tel. No.: |
91-11-23681000/ 23514056/ 23517726/ 23517787/ 23616613/ 65356613 |
|
Mobile No.: |
91-9810008818 [Mr. Saurabh Gupta] |
|
Fax No.: |
91-11-23629526 |
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E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
|
|
|
Factory : |
Hathi Babuji Ka Bagh, Station Road, Jaipur – 302006, Rajasthan, India |
|
Tel No.: |
91-141-2204502 |
|
Location : |
Owned |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Saurabh Gupta |
||||||||
|
Designation : |
Whole-Time Director |
||||||||
|
Address : |
5C/16, New Rohtak Road Karol Bagh, Delhi - 110005, India |
||||||||
|
Qualification : |
14.12.1971 |
||||||||
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Date of Appointment : |
01.09.1994 |
||||||||
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Voter ID No.: |
FMR0930453 |
||||||||
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DIN No.: |
00050128 |
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Other Directorship:
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Chhavi Prakash Singhal |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
116/187, Agarwal Farm, Mansarover, Jaipur – 302020, Rajasthan, India |
||||||||
|
Date of Birth/Age : |
14.07.1973 |
||||||||
|
Date of Appointment : |
01.12.2003 |
||||||||
|
Voter ID No.: |
BLS/3014941 |
||||||||
|
DIN No.: |
01579990 |
||||||||
|
|||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Sudhir Gupta |
|
9710 |
|
Saurabh Gupta |
|
4210 |
|
Sushila Gupta |
|
90 |
|
Bina Garg |
|
10 |
|
Anuj Gupta |
|
160 |
|
S K Garg |
|
10 |
|
Sarrabh Gupta (HUF) |
|
1810 |
|
|
|
|
|
Total |
|
16000 |
AS ON: 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Individual/Hindu Undivided Family - Indian) |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Drugs and Pharmaceuticals of
Formulations, Tablets, Capsule Types, Ointments, Carisoprodol Tablets etc. (Registered
activity and also Confirmed by Management) |
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Products : |
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||||
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
|
||||
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Products : |
Drugs and Pharmaceuticals |
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Countries : |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash and Credit (30 Days) |
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Purchasing : |
Cash and Credit (30 Days) |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
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||||||||||||||||||||||
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Facilities : |
-- |
|
Auditors : |
|
|
Name : |
Rakesh Sharma and Associates Chartered Accountants |
|
Address : |
Apartment No.201 2nd Floor, 10159, Padam Singh Road, Karol
Bagh, New Delhi – 11005, India |
|
Tel. No. : |
91-11-28753751 / 28758991 |
|
Fax No. : |
91-11-28754038 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AASPS1523L |
|
|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
|
|
Associate Concern: |
Jocund Indian Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000 |
Equity Shares |
INR 100/- each |
INR 2.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16000 |
Equity Shares |
INR 100/- each |
INR 1.600
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
1.600 |
1.600 |
1.600 |
|
(b) Reserves & Surplus |
315.376 |
306.498 |
296.810 |
|
(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) |
316.976 |
308.098 |
298.410 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.039 |
0.054 |
0.000 |
|
(c)
Other long term liabilities |
51.153 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
51.192 |
0.054 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
0.306 |
0.072 |
0.353 |
|
(c)
Other current liabilities |
0.110 |
0.080 |
0.080 |
|
(d)
Short-term provisions |
4.766 |
7.323 |
5.311 |
|
Total
Current Liabilities (4) |
5.182 |
7.475 |
5.744 |
|
|
|
|
|
|
TOTAL |
373.350 |
315.627 |
304.154 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
26.535 |
29.170 |
31.397 |
|
(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 |
3.530 |
3.530 |
3.530 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.005 |
|
(d) Long-term Loan
and Advances |
0.268 |
0.268 |
0.268 |
|
(e)
Other Non-current assets |
280.068 |
217.929 |
61.400 |
|
Total
Non-Current Assets |
310.401 |
250.897 |
96.600 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
16.962 |
15.762 |
8.662 |
|
(b)
Inventories |
1.809 |
2.333 |
9.229 |
|
(c)
Trade receivables |
1.745 |
1.904 |
1.196 |
|
(d)
Cash and cash equivalents |
3.502 |
29.788 |
166.067 |
|
(e)
Short-term loans and advances |
18.047 |
10.358 |
18.896 |
|
(f)
Other current assets |
20.884 |
4.585 |
3.504 |
|
Total
Current Assets |
62.949 |
64.730 |
207.554 |
|
|
|
|
|
|
TOTAL |
373.350 |
315.627 |
304.154 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
8.327 |
21.054 |
55.374 |
|
|
|
Other Income |
24.034 |
22.383 |
21.803 |
|
|
|
TOTAL |
32.361 |
43.437 |
77.177 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1.424 |
6.356 |
2.693 |
|
|
|
Purchases of Stock-in-Trade |
7.416 |
4.692 |
37.412 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(0.900) |
0.940 |
4.897 |
|
|
|
Employees benefits expense |
5.499 |
8.176 |
7.920 |
|
|
|
Other expenses |
3.643 |
4.176 |
5.834 |
|
|
|
TOTAL |
17.082 |
24.340 |
58.756 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
15.279 |
19.097 |
18.421 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.009 |
0.010 |
0.017 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
15.270 |
19.087 |
18.404 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.704 |
2.391 |
3.445 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
13.566 |
16.696 |
14.959 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
4.737 |
7.359 |
4.920 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
8.829 |
9.337 |
10.039 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods calculated on FOB basis |
0.783 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
551.83 |
583.54 |
627.44 |
|
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 flow from (used in) Operations |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
76.49 |
33.01 |
7.88 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.77 |
11.06 |
46.30 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
12.63 |
2.38 |
3.21 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
8.45 |
8.19 |
2.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.58 |
0.65 |
0.59 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.01 |
0.02 |
0.02 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.02 |
0.02 |
0.02 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.08 |
0.09 |
0.11 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1697.67 |
1909.70 |
1083.59 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
106.03 |
44.35 |
18.13 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.36 |
2.96 |
3.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
2.79 |
3.03 |
3.36 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
12.15 |
8.66 |
36.13 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
11.80 |
8.35 |
34.53 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.85 |
0.98 |
0.98 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
12.15 |
8.66 |
36.13 |
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 |
1.600 |
1.600 |
1.600 |
|
Reserves & Surplus |
296.810 |
306.498 |
315.376 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
298.410 |
308.098 |
316.976 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
s
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 |
55.374 |
21.054 |
8.327 |
|
|
|
(61.979) |
(60.449) |
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 |
55.374 |
21.054 |
8.327 |
|
Profit |
10.039 |
9.337 |
8.829 |
|
|
18.13% |
44.35% |
106.03% |
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 |
Yes |
|
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% |
-- |
|
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
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
A60874674 |
90034240 |
THE STATE BANK OF
BIKANER & JAIPUR |
16/08/1997 |
- |
13/04/2009 |
1500000.0 |
COLLECTORATE BRANCHJAIPURRJIN |
|
2 |
Y10111618 |
90031523 |
GRINDLAYS BANK |
11/11/1972 |
24/01/1983 |
19/10/1993 |
50000.0 |
BAD FORMNEW
DELHIDL110001IN |
OPERATIONAL PERFORMANCE AND OUTLOOK
During the year entire economy was reeling under severe pressure and the Company also faced some problems as Government has acted tough on certain formulations leading to stoppage in production line resulting in deteriorated financial position of the Company, a fact which stayed like that in ongoing FY as well and thus the position of your Company decreased from that of last year. The Plant operated on minimal basis and produced/worked so as to fulfil its existing obligations only. The management was contemplating devising new product line which entails exhaustive research and preliminary work at the identification stage itself and as same is a time consuming process, same may take more time thereby leading to further deteriorated performance. Once identified and found viable necessary steps will be taken, till the time management is still under wait and watch mode and may decide its next course of action. The members may be apprised on same as and when opportunity arises thereto or any further development taking place. Though the Company being a closely held company, there is hardly any difference amongst promoter and Board, yet for the sake of compliance status as enshrined under applicable provisions of Companies Act, 2013 read with applicable rules thereto, necessary disclosures to the effect may be furnished in time to come.
In view of same the board is of the view that coming years may be more challenging and the fortune of your Company may witness change accordingly. Considering present circumstances, overall a balanced approach i.e go slow has been adopted by your management. Your Board is concerned of the situation and is also hopeful to resolve same at the earliest.
FIXED ASSETS:
- Air
Conditioners
- Air
Conditioning Plant
- Books
- Building
- Calculators
- CCTV
- Cellular
Phone
- Computer
- Cooling Plant
- Cycle
- Dies and
Punches
- Electric
Fitting
- Electric
Machinery
- Electronic
Typewriter
- Emergency
Light
- Fax
- Fire
Extinguishers
- Fridge
- Furniture and
Fixtures
- Generator
- Laminar Flow
Bench
- Land and
Building
- Machinery for
Tube well
- Manufacturing
and Testing Equipment
- Minor
Machinery
- Motor Car
- Office
Equipment
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 67.82 |
|
UK Pound |
1 |
INR 90.17 |
|
Euro |
1 |
INR 78.70 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHI |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ARC |
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 |
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.