|
|
|
MIRA INFORM REPORT
|
Report No. : |
504107 |
|
Report Date : |
05.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
PREMIER SALES CORPORATION |
|
|
|
|
Registered
Office : |
Survey No.322, S.L. Waghere Compound, Near Ajil Fibre Tech, Pimprigaon Pimpri, Pune – 411017, Maharashtra |
|
Tel No.: |
91-20-27410560 |
|
Website : |
|
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
14.05.2003 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 49.089 Lacs |
|
|
|
|
TIN No: |
27710057418 |
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|
|
|
IEC No.: |
Not Applicable |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
GSTN : |
27AAHFP1154B1ZN |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAHFP1154B Date: 16.04.2018 |
|
|
|
|
Shop &
Establishment Certificate No. |
--- |
|
|
|
|
Udyog Aadhar
No.: |
MH26D0051134 |
|
|
|
|
Legal Form : |
Partnership Concern with an unlimited liability of the partners |
|
|
|
|
Line of Business
: |
Trader of Industrial Supplies of Consumables,
Hardware, Stationery, Safety and PP Material. |
|
|
|
|
No. of Employees
: |
09 (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 |
|
|
|
|
Comments : |
Subject is a partnership firm established in the year 2003 and it is a trader of industrial supplies of consumables hardware, stationery, safety and PP Material. As per financials of March 2017, the subject has achieved a sales turnover of INR 683.789 million and has reported fair profit margin of 4.00%. Rating takes into consideration the subject’s satisfactory track record of business operations along with sound financial risk profile along with low solvency indicators and average liquidity position. Payments seems to be slow but correct. In view of aforesaid, the subject can be considered for business dealings at usual trade terms and conditions. Note: Site visit was conducted at the factory address. Our executive has successfully traced the subject at the given address. At the premises, our executive met Mr. Roychan Thomas Pullenkunnel (Partner) and he provided with details regarding the subject. As per our executive’s observation, it is a shed type premises and area of the premises is 10,000 SQ FT. Location is easy to find and locality seems to be residential. Area seems to be upmarket and 9 employees were sighted at the premises. During the visit, our executive met Mr. Waghere and Mr. Rohan Dagade (Local Residents) who confirmed that the subject exists at the premises. Name board of the subject was sighted at the given address. |
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 |
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
31-03-2018.
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 05.05.2018.
.
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
|
Name : |
Mr. Roychan Thomas Pullenkunnel |
|
Designation : |
Partner |
|
Contact No.: |
91-9423573384 |
|
Date : |
28.04.2018 |
LOCATIONS
|
Registered Office/ Factory : |
Survey No.322, S.L. Waghere Compound, Near Ajil Fibre Tech, Pimprigaon Pimpri, Pune – 411017, Maharashtra, India |
|
Tel. No.: |
91-20-27410560 |
|
Mobile No.: |
91-9423573384 (Mr. Roychan Thomas Pullenkunnel) 91-9423573374 (Mr. Sani Mathew KM) 91-9850036039 (Mr. Atul Ramesh Mutha) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
10000 Sq. ft. (As Site Visit) |
|
Locality : |
Residential (As Site Visit) |
PARTNER
|
Name : |
Mr. Roychan Thomas Pullenkunnel |
|
Designation : |
Partner |
|
Address : |
Flat No.B-3, Amrutdham Society, Near Sant Nirankari Bhavan, Kalewadi, Pune City, Pune – 411017, Maharashtra, India |
|
Date of Birth/Age : |
31.05.1973 |
|
Aadhar Card No.: |
3734 0179 5563 |
|
PAN No.: |
ADHPT7062R |
|
|
|
|
Name : |
Mr. Sani Mathew KM |
|
Designation : |
Partner |
|
Address : |
Flat No. A-9, Sai Pritam Park, Hardev Colony, Near Sant Nirankari Bhavan, Kalewadi, Pune City, Pune – 411017, Maharashtra, India |
|
Date of Birth/Age : |
11.02.1969 |
|
Aadhar Card No.: |
3833 8582 5272 |
|
PAN No.: |
AJEPM7592A |
|
|
|
|
Name : |
Mr. Atul Ramesh Mutha |
|
Designation : |
Partner |
|
Address : |
Opposite Axis Bank, B-5, Premsagar Society, Chinchwad, Pune – 411033, Maharashtra, India |
|
Date of Birth/Age : |
07.05.1973 |
|
Aadhar Card No.: |
5307 3527 9805 |
|
PAN No.: |
AHKPM0432H |
DETAILS OF GROUP COMPANIES
Nil
BUSINESS DETAILS
|
Line of Business
: |
Trader of Industrial Supplies of Consumables,
Hardware, Stationery, Safety and PP Material. |
|
|
|
|
Products and Services: |
- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit and L/C |
|
|
|
|
Purchasing : |
Cash, Credit and L/C |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||
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||||||||||||||||||||||||||
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Customers : |
Wholesalers, Retailers and End Users
|
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No. of Employees : |
09 (Approximately) |
||||||||||||||||||||||||||
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Bankers : |
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||||||||||||||||||||||||||
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||||||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
R.A. Karandikar and Company (Rajeev Arvind Karandikar) Chartered Accountants |
|
Address : |
Bajirao Road, Pune-411030, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ACDPK7327D |
|
Memberships No : |
042356 |
|
Date of CA
Certificate: |
19.04.2018 |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
--- |
CAPITAL STRUCTURE
AS ON: 31.03.2017
CAPITAL ACCOUNT
|
Particular |
Amount INR in Lacs |
|
Atul Mutha |
22.891 |
|
Roychan Thomas |
3.143 |
|
Sani Mathew |
23.055 |
|
Total |
49.089 |
FINANCIAL DATA
[all figures are
in INR Lacs]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
EQUITY
AND LIABILITIES |
|
|
|
|
|
1] Partner Capital |
|
49.089 |
63.303 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
49.089 |
63.303 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.509 |
1.550 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
0.509 |
1.550 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
49.598 |
64.853 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
8.109 |
7.759 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
5.268
|
2.684
|
|
|
Sundry Debtors |
|
202.276
|
202.036
|
|
|
Cash & Bank Balances |
|
5.212
|
4.812
|
|
|
Other Current Assets |
|
28.304
|
38.587
|
|
|
Loans & Advances |
|
0.000
|
0.000
|
|
|
Deposits |
|
0.995
|
7.335
|
|
Total
Current Assets |
|
242.055
|
255.454
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
190.396
|
191.305
|
|
|
Other Current Liabilities |
|
0.000
|
0.000
|
|
|
Provisions |
|
10.170
|
7.055
|
|
Total
Current Liabilities |
|
200.566
|
198.360
|
|
|
Net Current Assets |
|
41.489
|
57.094
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
49.598 |
64.853 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
683.789 |
649.454 |
|
|
Other Income |
|
1.945 |
14.860 |
|
|
TOTAL |
|
685.734 |
664.314 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
557.520 |
548.420 |
|
|
Transport Charges Paid |
|
25.803 |
26.297 |
|
|
Writing Charges |
|
0.600 |
0.480 |
|
|
Advertisement Expenses |
|
0.100 |
0.435 |
|
|
Audit Fees |
|
0.180 |
0.233 |
|
|
Business Promotion |
|
3.449 |
2.435 |
|
|
Computer Expenses |
|
0.295 |
0.436 |
|
|
Cylinder Rent |
|
0.006 |
0.000 |
|
|
Diwali Paid |
|
2.415 |
2.273 |
|
|
Discount Paid |
|
0.290 |
1.878 |
|
|
Donation Paid |
|
0.045 |
0.100 |
|
|
Insurance Paid |
|
0.037 |
0.004 |
|
|
Labour Welfare Expenses |
|
0.403 |
0.619 |
|
|
Misc. Expenses |
|
0.153 |
0.120 |
|
|
Office Expenses |
|
0.404 |
0.503 |
|
|
Petrol and Travelling Expenses |
|
3.353 |
3.404 |
|
|
Postage & Courier expenses |
|
1.271 |
1.466 |
|
|
Priting & Stationery |
|
0.524 |
0.607 |
|
|
Professional & Legal Fees |
|
0.650 |
0.250 |
|
|
Rent and Electricity Paid |
|
1.660 |
1.595 |
|
|
Shop Insurance |
|
0.200 |
0.199 |
|
|
Shop Maintaince |
|
0.413 |
0.393 |
|
|
Vat Set Off |
|
0.454 |
0.758 |
|
|
Vehicle Insurance |
|
0.149 |
0.100 |
|
|
Vehicle Maintainance |
|
0.833 |
0.674 |
|
|
Wages and Salry Paid |
|
8.997 |
8.394 |
|
|
VAT/CST Paid |
|
0.000 |
0.698 |
|
|
News Paper Expesnes |
|
0.000 |
0.039 |
|
|
Remunaration partner |
|
39.000 |
30.000 |
|
|
Interest on Capital |
|
7.596 |
4.314 |
|
|
TOTAL |
|
656.800 |
637.124 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST AND DEPRECIATION |
|
28.934 |
27.190 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
0.216 |
0.750 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
DEPRECIATION |
|
28.718 |
26.440 |
|
|
|
|
|
|
|
Less |
DEPRECIATION |
|
1.359 |
1.378 |
|
|
|
|
|
|
|
|
NET PROFIT |
|
27.359 |
25.062 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
|
107.97 |
113.55 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
|
3.38 |
3.21 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
|
124.65 |
127.32 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
|
0.80 |
0.76 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
|
0.01 |
0.02 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
|
4.09 |
3.13 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
|
0.17 |
0.12 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
|
133.95 |
36.25 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
|
4.00 |
3.86 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
|
10.94 |
9.52 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
|
55.73 |
39.59 |
SOLVENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current Assets / Current Liabilities) |
|
1.20 |
1.25 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
|
1.18 |
1.24 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
|
0.20 |
0.24 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
|
0.01 |
0.02 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
|
1.20 |
1.25 |
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 |
31.03.2016 |
31.03.2017 |
|
|
INR in Lacs |
INR in Lacs |
|
Partner Capital |
63.303 |
49.089 |
|
Reserves & Surplus |
0.000 |
0.000 |
|
Net worth |
63.303 |
49.089 |
|
|
|
|
|
Secured Loans |
1.550 |
0.509 |
|
Unsecured Loans |
0.000 |
0.000 |
|
Total borrowings |
1.550 |
0.509 |
|
Debt/Equity ratio |
0.024 |
0.010 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2016 |
31.03.2017 |
|
|
INR
in Lacs |
INR
in Lacs |
|
Sales
|
649.454 |
683.789 |
|
|
|
5.287 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2016 |
31.03.2017 |
|
|
INR
in Lacs |
INR
in Lacs |
|
Sales
|
649.454 |
683.789 |
|
Profit
/ (Loss) |
25.062 |
27.359 |
|
|
3.86% |
4.00% |
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 two years |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last two 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 |
FIXED ASSETS:
- Computer
- Furniture
- Mobile Telephone
- Vehicle
- Activa
- Activa Bajaj
- Maruti Alto
- Maruti Wagon
- Vehicle Shine
- Suzuki Activa
- Weight Machine
OBSERVATION POINTS
|
Name of Company : |
PREMIER SALES CORPORATION |
|
|
|
|
|
|
Address : |
Survey No.322, S.L. Waghere Compound, Near Ajil Fibre Tech, Pimprigaon Pimpri, Pune – 411017, Maharashtra, India |
|
|
|
|
|
|
Email: |
||
|
|
|
|
|
Mob. No: |
91-8237430301 |
|
|
|
|
|
|
Person to whom we met: |
Mr. Roychan Thomas Pullenkunnel Designation:
Partner |
|
|
|
|
|
|
Name Board: |
Sighted |
|
|
|
|
|
|
Location: |
Easy |
|
|
|
|
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Landmark (If Any): |
Near Shivanjali Chowk |
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Total Floors of the building: |
Shed Type Premises |
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Locality: |
Residential |
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Area of Premises
: |
10000 Sq Ft. |
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Area: |
Upmarket |
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Level of
Operation: |
--- |
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Details Hypothecation Signboard (if any) (As Displayed in Factory / Work) |
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No. of Employees
seen at Premises : |
09 |
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Visibility of
Items: |
·
Telephone ·
Fax machine ·
Telex ·
Computers ·
Air Conditioner ·
Office Equipment ·
Xerox Machine |
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Furniture items sighted: |
Table and Chairs |
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Neighbour’s
Interview: |
1. Name of Person: Mr. Waghere (Local Residents) 2.
Name of Person: Mr. Rohan Dagade
(Local Residents) |
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Proof of visit: |
Photograph / Visiting Card Photographs: Interior / Shop
Floor / Stock etc. |
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Details of the person conducting visit: |
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Name: |
Mr. Sharad Patil |
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Designation : |
Field Executive |
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Contact No.: |
91-7875545858 |
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Date: |
30.04.2018 |
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PICTURES
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 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
05.05.2018) (date of report) : No press reports / filings
exists on the subject.
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
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Analysis Done by
: |
VVK |
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Report Prepared
by : |
MTN |
SCORE FACTORS
|
DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--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 |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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.
·