|
|
|
MIRA INFORM REPORT
|
Report No. : |
508283 |
|
Report Date : |
08.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
PYRAMID INFRATECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
H-38, Ground Floor, M2K White House, Sector – 57, Gurugram – 122001, Haryana |
|
Tel. No.: |
91-124-4274045 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
17.11.2008 |
|
|
|
|
Com. Reg. No.: |
36-038509 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 335.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45400HR2008PTC038509 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECP8801B |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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|
|
|
Legal Form : |
Private Limited Liability Company. |
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|
|
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Line of Business
: |
Construction activity. (Registered activity) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Unknown |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject was incorporated in the year 2008. It is engaged in Real Estate Development business. Management has failed to file its financials with Registrar of Companies after FY 2015. Mr. Punit (Deputy Finance Manager) has denied to provide any information about the subject. As per the available financial of 2015, the subject has not earned any revenue from its operations. The moderate financial profile of the company is marked by negative reserve base along with negligible debt level. Payment seems to be unknown. In view of aforesaid, the company can be considered for business dealings on safe and secured trade terms and conditions. Note: The correct name of the company is “Pyramid Infratech Private Limited”. |
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 08.05.2018
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 DENIED BY
|
Name : |
Mr. Punit |
|
Designation : |
Deputy Finance Manager |
|
Contact No.: |
91-124-4274045 |
|
Date : |
07.05.2018 |
91-9911971197 (NOT RESPONDING)
LOCATIONS
|
Registered Office : |
H-38, Ground Floor, M2K White House, Sector – 57, Gurugram – 122001, Haryana, India |
|
Tel. No.: |
91-124-4274045 |
|
Fax No.: |
Not Available |
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E-Mail : |
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|
Website : |
|
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|
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Corporate Office: |
217-A & 217-B, Second Floor, Suncity Business Tower, Golf Course Road, Sector - 54, Gurugram – 122001, Haryana, India |
DIRECTORS
As on 31.03.2018
|
Name : |
Mr. Dinesh Kumar Sharma |
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Designation : |
Director |
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Address : |
House No. 177, Village Kherla, Teh. Sohna, Gurugram – 122001, Haryana, India |
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Date of Birth/Age : |
25.12.1977 |
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|
Qualification : |
Commerce Graduate |
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Date of Appointment : |
17.11.2008 |
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PAN No.: |
AGXPD1543J |
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DIN No.: |
02027576 |
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Other Directorship:
|
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|
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|
Name : |
Mr. Brahm Dutt |
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|
Designation : |
Director |
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|
Address : |
VPO Wazirabad, District Gurugram – 122001, Haryana, India |
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Date of Birth/Age : |
10.01.1978 |
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Qualification : |
B.A. Graduate |
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|
Date of Appointment : |
17.11.2008 |
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PAN No.: |
AGXPD1543J |
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DIN No.: |
02222053 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Punit |
|
Designation : |
Deputy Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2015
|
Names of Shareholders |
|
No. of Shares |
|
Dinesh Kumar Sharma |
|
16750000 |
|
Brahm Dutt |
|
16750000 |
|
|
|
|
|
Total |
|
33500000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2015
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Construction activity. (Registered activity) |
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|
Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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|
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Imports : |
Not Divulged |
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|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : (As on 2016) |
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Facilities : |
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Auditors : |
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|
Name : |
Mohit V Agarwal and Company Chartered Accountants |
|
Address : |
H.No. 33, Sadar Bazaar Lansdowne, PaurI Garhwal - 246155, Uttarakhand, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ARSPA1526C |
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|
|
Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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|
|
|
Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
33500000 |
Equity Shares |
INR 10/- each |
INR 335.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
33500000 |
Equity Shares |
INR 10/- each |
INR 335.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
335.000 |
335.000 |
0.100 |
|
(b) Reserves & Surplus |
(6.792) |
(5.245) |
(0.508) |
|
(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) |
328.208 |
329.755 |
(0.408) |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
5.435 |
10.189 |
6.519 |
|
(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) |
5.435 |
10.189 |
6.519 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
55.497 |
4.973 |
66.400 |
|
(b) Trade payables |
0.000 |
0.000 |
0.000 |
|
(c) Other current liabilities |
235.758 |
109.308 |
106.548 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
291.255 |
114.281 |
172.948 |
|
|
|
|
|
|
TOTAL |
624.898 |
454.225 |
179.059 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
22.275 |
13.413 |
8.468 |
|
(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 |
145.922 |
76.351 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
1.046 |
0.244 |
0.000 |
|
Total
Non-Current Assets |
23.321 |
159.579 |
84.819 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
222.896 |
0.000 |
0.024 |
|
(c) Trade receivables |
0.000 |
0.000 |
0.000 |
|
(d) Cash and cash equivalents |
24.147 |
5.540 |
3.195 |
|
(e) Short-term loans and
advances |
354.534 |
289.106 |
91.021 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
601.577 |
294.646 |
94.240 |
|
|
|
|
|
|
TOTAL |
624.898 |
454.225 |
179.059 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
0.000 |
0.000 |
0.000 |
|
|
Other Income |
3.586 |
0.651 |
0.000 |
|
|
TOTAL
|
3.586 |
0.651 |
0.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
0.000 |
0.024 |
0.000 |
|
|
Other expenses |
0.246 |
1.665 |
0.000 |
|
|
TOTAL |
0.246 |
1.689 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
3.340 |
(1.038) |
0.000 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.830 |
1.263 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
2.510 |
(2.301) |
0.000 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
4.859 |
2.679 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(2.349) |
(4.980) |
(2.457) |
|
|
|
|
|
|
|
Less |
TAX |
(0.802) |
(0.244) |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(1.547) |
(4.736) |
(2.457) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
(0.05) |
(0.14) |
(0.07) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Average Collection Days (Sundry Debtors / Total Income * 365 Days) |
0.00 |
0.00 |
NA |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
0.00 |
0.00 |
NA |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.01 |
0.00 |
NA |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.15 |
(0.08) |
NA |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.47 |
0.27 |
1.00 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.19 |
0.05 |
(178.72) |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.89 |
0.35 |
(423.89) |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.07 |
0.04 |
(20.75) |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
4.02 |
(0.82) |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
((PAT / Sales) * 100) |
% |
0.00 |
0.00 |
NA |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(0.25) |
(1.04) |
(1.37) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(0.47) |
(1.44) |
602.21 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.07 |
2.58 |
0.54 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.30 |
2.58 |
0.54 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.53 |
0.73 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.18 |
0.05 |
729.19 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.07 |
2.58 |
0.54 |
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 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
0.100 |
335.000 |
335.000 |
|
Reserves & Surplus |
(0.508) |
(5.245) |
(6.792) |
|
Net
worth |
(0.408) |
329.755 |
328.208 |
|
|
|
|
|
|
Long Term borrowings |
6.519 |
10.189 |
5.435 |
|
Short Term borrowings |
66.400 |
4.973 |
55.497 |
|
Total
borrowings |
72.919 |
15.162 |
60.932 |
|
Debt/Equity
ratio |
(178.723) |
0.046 |
0.186 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
|
|
INR
In Million |
INR
In Million |
|
Total
Income |
0.651 |
3.586 |
|
|
|
450.845 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
|
|
INR
In Million |
INR
In Million |
|
Total
Income |
0.651 |
3.586 |
|
Profit
/ (Loss) |
(4.736) |
(1.547) |
|
|
(727.50%) |
(43.14%) |
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 |
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 |
No |
|
17 |
Details of sister concerns |
No |
|
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 |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2015 (INR
in Million) |
31.03.2014 (INR
in Million) |
|
Short-term
Borrowings |
|
|
|
Other loans and advances |
55.497 |
4.973 |
|
|
|
|
|
Total |
55.497 |
4.973 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G77260404 |
100155346 |
INDIA INFOLINE HOUSING FINANCE LIMITED |
31/01/2018 |
- |
- |
500000000.0 |
12A-10, 13th floor, Parinee Crescenzo, G BlockC-38&39,Bandra Kurla Complex, Bandra- EastMumbaiMa400051IN |
|
2 |
G28609899 |
100064231 |
ICICI BANK LIMITED |
19/10/2016 |
- |
- |
10226010.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGJ390007IN |
|
3 |
G15882269 |
100055222 |
INDIA INFOLINE HOUSING FINANCE LIMITED |
08/08/2016 |
- |
- |
350000000.0 |
12A-10, 13th floor, Parinee Crescenzo, G BlockC-38&39,Bandra Kurla Complex, Bandra- EastMumbaiMa400051IN |
|
4 |
G03538667 |
100026686 |
KOTAK MAHINDRA BANK LIMITED |
20/03/2016 |
- |
- |
14040000.0 |
27BKC, C 27, G BlockBandra Kurla Complex, Bandra (E),MumbaiMa400051IN |
|
5 |
G22278147 |
100019228 |
INDIA INFOLINE HOUSING FINANCE LIMITED |
31/12/2015 |
- |
02/11/2016 |
120000000.0 |
12A-10, 13th floor, Parinee Crescenzo, G BlockC-38&39,Bandra Kurla Complex, Bandra- EastMumbaiMa400051IN |
FIXED ASSETS
- Land
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
PRESS RELEASE
FINANCE MINISTRY SLAPS ANTI-PROFITEERING NOTICES TO
MCDONALD’S, LIFESTYLE INTERNATIONAL AND HUL STOCKIST FOR NOT PASSING ON GST
BENEFITS
December 30, 2017
DG Safeguards has asked these firms to provide their balance sheet, trial balance and profit and loss account for last one year
The finance ministry has slapped anti-profiteering notices to three companies—Jaipur-based departmental store selling FMCG major Hindustan Unilever products, shopping outlet Lifestyle International and master franchisee of Mc Donald’s, Hardcastle Restaurants—as these entities did not pass on the benefit of GST given by the government to the final consumer.
“We have issued anti-profiteering notices to three more companies on Friday. Primary investigations have begun,” a source in know of the matter told Moneycontrol.
MUST READ | Notices to car dealer, realtor for not
passing on GST benefits to customers
The development comes less than a fortnight after the finance ministry sent first set of notices under anti-profiteering mechanism to a Bareily-based Honda car dealer and real estate developer Pyramid Infratech.
Last week, Moneycontrol had reported that few more companies, including an FMCG firm, would come under the government’s scanner for profiteering and not passing on the benefits of reduced taxes and input tax credit under the new indirect tax regime--Goods and Services Tax (GST).
Currently, Director General Safeguards, the investigative arm of the department of revenue under finance ministry has started an investigation in these three cases.
DG Safeguards has asked these firms to provide their balance sheet, trial balance and profit and loss account for last one year.
In the next three months, the body will have to establish if it is a case of profiteering, the official said, adding that the final findings of the investigation will then be sent to the National Anti-Profiteering Authority (NAA).
NAA is the top decision-making body under GST’s anti-profiteering mechanism, headed by a chairperson BN Sharma and four technical members.
Under the GST-related laws, the government had introduced an anti-profiteering clause to ensure businesses transfer the benefit of the tax credit to the consumer by making products cheaper.
The framework of the body comprises a standing committee, screening committees in every state as well as the Directorate General of Safeguards. If consumers feel that the benefit of a rate cut is not being passed on to them, they can approach the state’s screening committee for relief.
The government has received a total of 169 fresh complaints under GST’s anti-profiteering mechanism, for not passing on to consumers a reduction in price. The establishment of the authority has become even more significant now as the government cut rates of over 300 items since the rollout of GST, out of which prices of 211 products were brought down on November 15.
Two applicants have alleged that Hardcastle Restaurants, through their outlet Mc Donald’s Family restaurant charged the same amount for “Mc Cafe Latte” before and after November 15.
Similarly, a Ghaziabad-based consumer has complained that popular apparel and cosmetic outlet Lifestyle International Pvt Ltd did not pass on the entire benefit of tax reduction after November 15 on “Maybelline Fit Me Foundation”.
Besides, another consumer has alleged that Jaipur’s Sharma Trading Co had kept the price of Vaseline “VTM 400ml” between September and November, despite rate cut.
In November, that Cabinet approved setting up of National Anti-Profiteering Authority and appointed the Chairman and the four technical members. It was only in last week that the government released the official form for anti-profiteering under GST that can be used by a consumer to register a complaint.
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 66.77 |
|
|
1 |
INR 90.58 |
|
Euro |
1 |
INR 80.12 |
INFORMATION DETAILS
|
Information
Gathered by : |
SWT |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
KJL |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.