|
|
|
MIRA INFORM REPORT
|
Report No. : |
507762 |
|
Report Date : |
09.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
ANSYSCO ANAND LLP (w.e.f. 24.02.2016) |
|
|
|
|
Formerly Known
As : |
ANSYSCO |
|
|
|
|
Registered
Office : |
Plot No.19/F, Sector - 2, Industrial Area, Parwanoo, District Solan - 173220, Himachal Pradesh |
|
Mobile No.: |
91-7741864201 (Mr. Rahul) 91-9816018840 (Mr. Arian) |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation
: |
24.02.2016 |
|
|
|
|
LLPIN No: |
AAF-7857 |
|
|
|
|
Total
Obligation of Contribution: |
INR 4.202 Million |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TIN No: |
Not Available |
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|
|
|
GSTIN: |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
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|
|
|
Legal Form : |
Limited Liability Partnership |
|
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|
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Line of Business
: |
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|
|
|
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No. of Employees
: |
Not Divulged |
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 12000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
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Litigation : |
Clear |
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|
Comments : |
Subject was established in the year 1990 as a partnership firm with
the name “Ansysco” and later during February 2016 it got converted into
limited liability partnership firm with the present name. It is an established Limited Liability Partnership firm started in
February 2016 having satisfactory track. For the financial year ended 2017, the firm achieved healthy revenue
and reported fair profit margin at 2.85% (approx.) The firm possesses an acceptable financial profile marked by
satisfactory capital base along with favourable gap between trade payables to
its trade receivables. However, the rating strengths is partially offset by excess of
borrowings recorded by the company. Trade relations are reported as fair. Business is active. Payments terms
are reported to be slow but correct. The Limited Liability Partnership firm can be considered for business
dealings at usual trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 09.05.2018
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. Rahul |
|
Designation : |
Sales Executive |
|
Contact No.: |
91-7741864201 |
|
Date : |
07.05.2018 |
|
Name : |
Mr. Arian |
|
Designation : |
Finance Head |
|
Contact No.: |
91-9816018840 |
|
Date : |
07.05.2018 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No.19/F, Sector - 2, Industrial Area, Parwanoo, District Solan - 173220, Himachal Pradesh, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-7741864201 (Mr. Rahul) 91-9816018840 (Mr. Arian) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
PARTNERS
As on: 31.03.2017
|
Name : |
Mr. Anand Deep Chand |
||||||||||||||||||||
|
Designation : |
Designated Partner |
||||||||||||||||||||
|
Address : |
1, Sri Aurobindo Marg, New Delhi-110016, India |
||||||||||||||||||||
|
Date of Appointment : |
24.02.2016 |
||||||||||||||||||||
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DPIN No.: |
00090123 |
||||||||||||||||||||
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Other Directorship:
|
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|
||||||||||||||||||||
|
Name : |
Mr. Panda Joy Prakash |
||||||||||||||||||||
|
Designation : |
Designated Partner |
||||||||||||||||||||
|
Address : |
A-21, GH-38, Triveni Apartments, Sector-20, Panchkula-134113, Haryana |
||||||||||||||||||||
|
Date of Appointment : |
15.03.2016 |
||||||||||||||||||||
|
DPIN No.: |
07406785 |
||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Kuldeep Chand Anand |
||||||||||||||||||||
|
Designation : |
Partner |
||||||||||||||||||||
|
Address : |
3A, Tata Apartment, 23, Prithviraj Road, New Delhi – 110011, India |
||||||||||||||||||||
|
PAN No: |
AAJPA2530N |
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|
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|
||||||||||||||||||||
|
Name : |
Mr. Kiran Deepchand Anand |
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|
Designation : |
Partner |
||||||||||||||||||||
|
Address : |
1, Sri Aurobindo Marg, New Delhi-110016, India |
||||||||||||||||||||
|
DPIN No.: |
00090047 |
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|
||||||||||||||||||||
|
Name : |
Mr. Joy Prakash Panda |
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|
Designation : |
Partner |
||||||||||||||||||||
|
Address: |
Flat 301/F, Daffodils Society, Kale Wasli, Behind, Om Sai Fuel Centre, Pimple, Saudagar, Pune – 411027, Maharashtra, India |
||||||||||||||||||||
|
DPIN No.: |
07406785 |
||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Deep Chand Anand |
||||||||||||||||||||
|
Designation : |
Designated Partner |
||||||||||||||||||||
|
Address : |
1, Sri Aurobindo Marg, New Delhi-110016, India |
||||||||||||||||||||
|
DPIN No.: |
00090123 |
||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Rahul |
|
Designation : |
Sales Executive |
|
Name : |
Mr. Arian |
|
Designation : |
Finance Head |
CONTRIBUTION DETAILS
As on: 31.03.2017
|
Particular |
Amount (INR In Million) |
|
Kiran D. Anand |
0.200 |
|
Deep C. Anand |
0.100 |
|
Kuldeep C. Anand |
0.050 |
|
Joy Prakash Panda |
0.001 |
|
Total |
0.351 |
BUSINESS DETAILS
|
Line of Business
: |
|
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
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|
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Exports : |
Not Divulged |
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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 : (From Indirect source) |
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||||||||||||||||||||||
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No. of Employees : |
Not Divulged |
||||||||||||||||||||||
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||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||
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||||||||||||||||||||||
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Facilities : |
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|
Auditors : |
|
|
Name : |
S.P. Puri and Company Chartered Accountants |
|
Address : |
4/18, Asaf Ali Road, New Delhi – 110002, India |
|
Tel. No.: |
91-11-23274888/ 23277410 |
|
Fax No.: |
91-11-23272805 |
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E-Mail : |
|
|
Website: |
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|
|
|
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Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
As on: 31.03.2017
PARTNER’S CAPITAL
ACCOUNTS
|
Particular |
Amount (INR In Million) |
|
Mrs. Kiran D. Anand |
0.200 |
|
Deep C. Anand |
0.100 |
|
Kuldeep C. Anand |
0.050 |
|
Joy Prakash Panda |
0.001 |
|
Total |
0.351 |
PARTNER’S CURRENT
ACCOUNTS
(INR In Million)
|
Particular |
01.04.2016 |
Current Accounts Transactions |
Profit Share 2016-17 |
Transfer of Profit as per LLP deed |
31.03.2017 |
|
Mrs. Kiran D. Anand |
7.151 |
(5.277) |
2.956 |
(0.100) |
4.730 |
|
Deep C. Anand |
(7.835) |
5.259 |
2.534 |
0.000 |
(0.042) |
|
Kuldeep C. Anand |
0.574 |
(3.060) |
1.549 |
0.000 |
(0.937) |
|
Joy Prakash Panda |
0.000 |
0.000 |
0.000 |
0.100 |
0.100 |
|
Total |
(0.110) |
(3.078) |
7.039 |
0.000 |
3.851 |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
01.04.2016 to 31.03.2017 |
24.02.2016 to 31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1) Partner Capital |
|
|
|
|
(a) Partner Capital Account |
|
0.351 |
0.351 |
|
(b) Partner Current Account |
|
3.851 |
(0.110) |
|
Total
Shareholders’ Funds (1) + (2) |
|
4.202 |
0.241 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
1.161 |
1.194 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
1.264 |
1.085 |
|
Total Non-current
Liabilities (3) |
|
2.425 |
2.279 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
100.709 |
86.966 |
|
(b) Trade
payables |
|
28.992 |
21.557 |
|
(c) Other
current liabilities |
|
5.893 |
4.461 |
|
(d) Short-term
provisions |
|
0.312 |
0.254 |
|
Total Current
Liabilities (4) |
|
135.906 |
113.238 |
|
|
|
|
|
|
TOTAL |
|
142.533 |
115.758 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
|
28.259 |
24.760 |
|
(ii)
Intangible Assets |
|
0.232 |
0.283 |
|
(iii)
Capital work-in-progress |
|
0.938 |
0.519 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
5.127 |
2.459 |
|
(e) Other
Non-current assets |
|
0.386 |
0.313 |
|
Total Non-Current
Assets |
|
34.942 |
28.334 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
47.685 |
25.898 |
|
(c) Trade
receivables |
|
33.660 |
37.391 |
|
(d) Cash
and cash equivalents |
|
9.909 |
10.180 |
|
(e)
Short-term loans and advances |
|
15.893 |
13.686 |
|
(f) Other current
assets |
|
0.444 |
0.269 |
|
Total
Current Assets |
|
107.591 |
87.424 |
|
|
|
|
|
|
TOTAL |
|
142.533 |
115.758 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
01.04.2016 to 31.03.2017 |
24.02.2016 to 31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
247.328 |
24.684 |
|
|
|
Other Income |
|
4.740 |
0.452 |
|
|
|
TOTAL |
|
252.068 |
25.136 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
192.328 |
14.706 |
|
|
|
Employees benefits expense |
|
11.099 |
1.277 |
|
|
|
Other expenses |
|
23.715 |
3.678 |
|
|
|
TOTAL |
|
227.142 |
19.661 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
24.926 |
5.475 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
11.951 |
2.793 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND
AMORTISATION |
|
12.975 |
2.682 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
2.992 |
0.283 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
9.983 |
2.399 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
2.944 |
0.813 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
7.039 |
1.586 |
|
|
|
|
|
|
|
|
|
Less |
Appropriation of
net profit – transferred to partner’s current Account |
|
|
|
|
|
|
Mrs. Kiran D. Anand |
|
2.956 |
0.666 |
|
|
|
Deep C. Anand |
|
2.534 |
0.571 |
|
|
|
Kuldeep C. Anand |
|
1.549 |
0.349 |
|
|
|
Total |
|
7.039 |
1.586 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
|
01.04.2016 to 31.03.2017 |
24.02.2016 to 31.03.2016 |
|
Current Maturities of Long term debt |
|
NA |
NA |
|
Cash generated from operations |
|
NA |
NA |
|
Net Cash flows from operating activities |
|
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
01.04.2016 to 31.03.2017 |
24.02.2016 to 31.03.2016 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
|
49.67 |
552.90 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
|
7.35 |
0.66 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
|
55.02 |
535.04 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
|
0.52 |
0.21 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
|
0.85 |
0.21 |
LEVERAGE RATIOS
|
PARTICULARS |
|
01.04.2016 to 31.03.2017 |
24.02.2016 to 31.03.2016 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
|
0.95 |
0.98 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
|
23.97 |
360.85 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
|
32.34 |
469.87 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
|
7.00 |
106.07 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
|
2.09 |
1.96 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
01.04.2016 to 31.03.2017 |
24.02.2016 to 31.03.2016 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
|
2.85 |
6.43 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
|
4.94 |
1.37 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
|
167.52 |
658.09 |
SOLVENCY RATIOS
|
PARTICULARS |
|
01.04.2016 to 31.03.2017 |
24.02.2016 to 31.03.2016 |
|
Current Ratio (Current Assets / Current Liabilities) |
|
0.79 |
0.77 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
|
0.44 |
0.54 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
|
0.03 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
|
286.92 |
247.77 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
|
0.79 |
0.77 |
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 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
|
(a) Partner Capital Account |
0.351 |
0.351 |
|
(b) Partner Current Account |
(0.110) |
3.851 |
|
Net worth |
0.241 |
4.202 |
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
|
Short term borrowings |
86.966 |
100.709 |
|
Total borrowings |
86.966 |
100.709 |
|
Debt/Equity ratio |
360.855 |
23.967 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
|
Sales |
24.684 |
247.328 |
|
|
|
901.977 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
|
Sales |
24.684 |
247.328 |
|
Profit |
1.586 |
7.039 |
|
|
6.43% |
2.85% |
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 |
Ni |
|
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 |
Yes |
|
26 |
Turnover of firm for last one year and one
month |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last one year and one
month |
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
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Deep C. Anand Foundation |
55.954 |
32.739 |
|
Deep C. Anand |
0.000 |
23.154 |
|
Total |
55.954 |
55.893 |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
|
Demand on Income Tax |
15.476 |
INDEX OF CAHREGS: NO
CHARGES EXISTS FOR COMPANY
FIXED ASSETS:
Tangible Assets
- Building
- Plant and Machinery
- Furniture and Fixture
- Office Equipment
- Land
- Electrical installation
- Car
- Weight Scale
- Coolers
- Air Conditioner
- Material Handling
- Factory Building
- Mould and Dye
- Computer
Intangible Assets
- Computer Software
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 67.08 |
|
|
1 |
INR 91.14 |
|
Euro |
1 |
INR 80.01 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
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 |
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.