|
|
|
MIRA INFORM REPORT
|
Report No. : |
508133 |
|
Report Date : |
10.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
BAGH BAHAR APPLIANCES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
SYSKA House, Office No. S-4, 4th Floor, S. No. 2, Sakorenagar, New
Airport Road, Near Anand Residency, Pune – 411014, Maharashtra |
|
Tel. No.: |
91-20-40131000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of Incorporation
: |
17.06.1997 |
|
|
|
|
Com. Reg. No.: |
11-108822 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 14.199 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29305PN1997PTC108822 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AABCB8394G1ZF |
|
|
|
|
TIN No: |
27440002519 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCB8394G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
Subject is engaged into the
business of trading of mobile phones and allied products and also it is
distributor of televisions, home appliances and other electronics items. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Information denied by the management |
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 : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company incorporated in the year 1997 having
satisfactory track record. Management of the company has not filed its financials with the
government department for the year 2017. As per available financials of 2016, revenue and profit of the company
has slightly declined. However, the company possesses sound financial profile marked by
healthy net worth base along with fair debt level and favourable gap between
trade payables to its trade receivables. The company also derives strength from its long standing track record
of business operation. Trade relations are reported 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term rating (A-) |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
15.01.2018 |
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 10.05.2018
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. Anil |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-9371003288 |
|
Date : |
10.05.2018 |
LOCATIONS
|
Registered Office : |
SYSKA House, Office No. S-4, 4th Floor, S. No. 2, Sakorenagar, New
Airport Road, Near Anand Residency, Pune – 411014, Maharashtra, India |
|
Tel. No.: |
91-20-40131000 |
|
Fax No.: |
91-20-26164837 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Rajesh Uttamchandani |
|
Designation : |
Director |
|
Address : |
A-6, Clover Garden, Neylore Road, Pune-411001, Maharashtra, India |
|
Date of Birth/Age : |
08.01.1964 |
|
Qualification : |
B.E. Mechanical |
|
Date of Appointment : |
17.06.1997 |
|
PAN No.: |
AABPU5362J |
|
DIN No: |
00139105 |
|
|
|
|
Name : |
Mr. Govind Jeevan Uttamchandani |
|
Designation : |
Director |
|
Address : |
A-6, Clover Garden, Neylore Road, Pune-411001, Maharashtra, India |
|
Date of Birth/Age : |
01.05.1961 |
|
Qualification : |
B. Tech. (Chemical Engineering), MBA |
|
Date of Appointment : |
17.06.1997 |
|
PAN No.: |
AABPU5180E |
|
DIN No: |
00139239 |
KEY EXECUTIVES
|
Name : |
Mrs. Keta N. Chheda |
|
Designation : |
Company Secretary |
|
Address : |
281, Athena – II, Clover Acropolis, Besides Giga Space, Pune – 411014,
Maharashtra, India |
|
Email: |
MAJOR SHAREHOLDERS
As on 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Rajesh Uttamchandani |
|
83859 |
|
Govind Jeevan Uttamchandani |
|
83859 |
|
Meena Uttamchandani |
|
626091 |
|
Sunita Uttamchandani |
|
626091 |
|
Total |
|
1419900 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2016
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
11.81 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
88.19 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Subject is engaged into the
business of trading of mobile phones and allied products and also it is
distributor of televisions, home appliances and other electronics items. (Registered Activity) |
||||
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
D. G. Kango Chartered Accountant |
|
Address : |
2040, Sadashiv Peth, Nikhil Pride Building, Tilak Road, Pune-411030, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABCF1992N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives |
|
|
|
|
|
Group Companies: |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
INR 10/- each |
INR 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1419900 |
Equity Shares |
INR 10/- each |
INR 14.199 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
14.199 |
12.699 |
12.699 |
|
(b) Reserves and Surplus |
353.466 |
283.126 |
219.124 |
|
(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) |
367.665 |
295.825 |
231.823 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
144.164 |
0.431 |
2.273 |
|
(b) Deferred tax liabilities (Net) |
3.145 |
(1.042) |
(0.100) |
|
(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) |
147.309 |
(0.611) |
2.173 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
861.714 |
827.228 |
441.329 |
|
(b) Trade
payables |
210.399 |
176.046 |
167.932 |
|
(c) Other
current liabilities |
29.547 |
27.419 |
0.000 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
25.055 |
|
Total Current
Liabilities (4) |
1101.660 |
1030.693 |
634.316 |
|
|
|
|
|
|
TOTAL |
1616.634 |
1325.907 |
868.312 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
122.813 |
10.904 |
14.549 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
69.479 |
0.635 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
38.785 |
35.600 |
35.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
5.033 |
|
Total Non-Current
Assets |
161.598 |
115.983 |
55.217 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
583.438 |
431.932 |
284.408 |
|
(c) Trade
receivables |
725.381 |
636.959 |
524.469 |
|
(d) Cash and
bank balances |
117.204 |
104.910 |
(17.013) |
|
(e)
Short-term loans and advances |
8.942 |
7.812 |
0.000 |
|
(f) Other
current assets |
20.071 |
28.311 |
21.231 |
|
Total
Current Assets |
1455.036 |
1209.924 |
813.095 |
|
|
|
|
|
|
TOTAL |
1616.634 |
1325.907 |
868.312 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
4317.776 |
4527.765 |
4339.554 |
|
|
Other Income |
202.776 |
222.753 |
100.441 |
|
|
TOTAL |
4520.552 |
4750.518 |
4439.995 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
4232.184 |
|
|
Purchases of
Stock-in-Trade |
4381.119 |
4613.365 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(151.506) |
(147.524) |
0.000 |
|
|
Employee benefit expense |
42.354 |
31.727 |
31.073 |
|
|
Other expenses |
84.930 |
54.236 |
43.137 |
|
|
TOTAL |
4356.897 |
4551.804 |
4306.394 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
163.655 |
198.714 |
133.601 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
85.279 |
109.741 |
69.583 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
78.376 |
88.973 |
64.018 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
12.207 |
5.532 |
2.042 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
66.169 |
83.441 |
61.976 |
|
|
|
|
|
|
|
Less |
TAX |
24.330 |
19.058 |
19.984 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
41.839 |
64.383 |
41.992 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
29.47 |
50.70 |
33.067 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
2.547 |
0.000 |
0.000 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(46.371) |
(110.061) |
60.348 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(66.514) |
(125.061) |
46.448 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
61.32 |
51.35 |
44.11 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
5.95 |
7.11 |
8.27 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
17.53 |
13.93 |
14.48 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.28 |
0.46 |
0.47 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
1.33 |
2.47 |
8.80 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.77 |
0.78 |
0.73 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
2.74 |
2.80 |
1.91 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
3.00 |
3.48 |
2.74 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.33 |
0.27 |
0.07 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
1.92 |
1.81 |
1.92 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
0.97 |
1.42 |
0.97 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
2.59 |
4.86 |
4.84 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
11.38 |
21.76 |
18.11 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.32 |
1.17 |
1.28 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.79 |
0.75 |
0.83 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.23 |
0.22 |
0.27 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
71.02 |
65.18 |
34.93 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
1.32 |
1.17 |
1.28 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
12.699 |
12.699 |
14.199 |
|
Reserves & Surplus |
219.124 |
283.126 |
353.466 |
|
Net
worth |
231.823 |
295.825 |
367.665 |
|
|
|
|
|
|
Long-term borrowings |
2.273 |
0.431 |
144.164 |
|
Short term borrowings |
441.329 |
827.228 |
861.714 |
|
Current maturities of
long-term debts |
0.000 |
0.000 |
2.547 |
|
Total
borrowings |
443.602 |
827.659 |
1008.425 |
|
Debt/Equity
ratio |
1.914 |
2.798 |
2.743 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
4339.554 |
4527.765 |
4317.776 |
|
|
|
4.337 |
(4.638) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
4339.554 |
4527.765 |
4317.776 |
|
Profit/ (Loss) |
41.992 |
64.383 |
41.839 |
|
|
0.97
% |
1.42
% |
0.97
% |
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 |
No |
|
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 |
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 |
No |
|
26 |
Turnover of firm for last two/ three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
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 |
COMPANY OVERVIEW AND
STATE OF AFFAIRS
The Company was incorporated on 17th June 1997 having its registered office at 29, Akshay Complex, Dhole Patil Road, Pune: 411001 and engaged in the business of trading of mobile phones and allied products, televisions, home appliances and other electronics items.
The Company also changed its registered office to SYSKA House, office No. S-4, 4th Floor, Sakore Nagar, New Airport Road, Near Anand Residency, Pune-411014 with effect from 7th September 2015. All necessary intimations have been filed with the RoC and other statutory authorities.
CORPORATE INFORMATION
The Company was incorporated on 17 June 1997 under Companies Act, 1956. The Company is engaged into the business of trading of mobile phones and allied products and also it is distributor of televisions, home appliances and other electronics items.
UNSECURED LOAN
|
PARTICULAR |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from others |
132.290 |
0.000 |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand |
8.161 |
7.629 |
|
Total |
140.451 |
7.629 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G74138363 |
100148248 |
PAISALO DIGITAL LIMITED |
22/12/2017 |
- |
- |
40000000.0 |
101 CSC POCKET-52, CR PARKNEAR POLICE STATIONNEW DELHIDe110019IN |
|
2 |
G84915016 |
100078850 |
HDFC BANK LIMITED |
17/01/2017 |
12/03/2018 |
- |
500000000.0 |
HDFC Bank House, Senapatil Bapat MargLower Parel WMumbaiMH411013IN |
|
3 |
G36349363 |
100078851 |
RBL BANK LIMITED |
04/01/2017 |
- |
- |
450000000.0 |
SHAHUPURI,KOLHAPUR,KOLHAPURMa416001IN |
|
4 |
G74062258 |
100074906 |
S. E. INVESTMENTS LIMITED |
20/12/2016 |
- |
09/01/2018 |
20000000.0 |
101 CSC POCKET-52, CR PARKNEAR POLICE STATIONNEW DELHIDe110019IN |
|
5 |
G39994264 |
10297674 |
State Bank of India |
29/06/2011 |
20/06/2016 |
29/03/2017 |
780000000.0 |
Industrial Finance BranchTara Chambers, Mumbai-Pune Road, WakadewadiPuneMH411003IN |
|
6 |
G08553646 |
10581865 |
HDFC BANK LIMITED |
27/09/2014 |
- |
25/07/2016 |
200000000.0 |
Emerging Corporates Group, 4th Floor,Millennium Tower, Bhandarkar Road,PuneMH411004IN |
|
7 |
C78394350 |
10530525 |
S. E. INVESTMENTS LIMITED |
12/11/2014 |
- |
04/02/2016 |
35000000.0 |
S-547IIND FLOOR MAIN ROADSHAKAR PURNEW DELHIDL110092IN |
|
8 |
B17479544 |
10076806 |
UNION BANK OF INDIA |
19/10/2007 |
01/03/2011 |
06/07/2011 |
150000000.0 |
2 A, AURORA TOWERS, 9 MOLEDINA ROADPUNEMH411001IN |
|
9 |
A89734677 |
80059989 |
PUNE PEOPLES CO-OP BANK LIMITED |
01/10/2003 |
- |
08/07/2010 |
2500000.0 |
PAUD ROAD,KOTHRUD,PUNEMH411029IN |
|
10 |
A89735120 |
80059990 |
PUNE PEOPLES CO-OP BANK LIMITED |
04/06/2003 |
- |
08/07/2010 |
2500000.0 |
AZADWADI, KOTHRUD BRANCHKOTHRUDPUNEMH411029IN |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Guarantee |
6130.300 |
0.000 |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
- Office equipment
- Vehicle
- Computer
Accessories
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 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 67.38 |
|
|
1 |
INR 91.07 |
|
Euro |
1 |
INR 79.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
TJL |
|
|
|
|
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 |
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.