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|
|
MIRA INFORM REPORT
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Report No. : |
508550 |
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Report Date : |
10.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
J V CONBUILD PRIVATE LIMITED |
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|
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Registered
Office : |
Survey No.438/P, Opposite Intas Pharmaceuticals, Sarkhej-Bavla Road, Village Matoda, Ahmedabad - 382213, Gujarat |
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Tel. No.: |
91-79-65434343 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
12.05.2011 |
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Com. Reg. No.: |
04-065406 |
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Capital
Investment / Paid-up Capital : |
INR 113.900 Million |
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CIN No.: [Company Identification
No.] |
U45200GJ2011PTC065406 |
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IEC No.: [Import-Export Code No.] |
0814011314 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCJ5931C |
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GSTN : [Goods & Service Tax
Registration No.] |
24AACCJ5931C1ZZ |
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TIN No.: |
24073607681 |
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CST No.: |
24573607681 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in manufacturing and trading of all kind of
laminated packing materials and allied products. (Registered Activity) |
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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 : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Maximum Credit Limit : |
USD 420000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2011. It is a manufacturer and
trader of all kind of laminated packing materials and allied products. As per the financial of 2017, the revenue of the company has been
increased by 12.80% along with low profitability margin of 0.74%. Rating takes into consideration the company’s decent Earning Per Share
(EPS) of INR 288 as against its Face Value (FV) of INR 10. Rating is constrained on account of low reserve base. Business is active. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings with some caution. |
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 |
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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 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. Tanuj Rajkumar Pugalia |
|
Designation : |
Director |
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Contact No.: |
91-9909991999 |
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Date : |
09.05.2018 |
LOCATIONS
|
Registered Office : |
Survey No.438/P, Opposite Intas Pharmaceuticals, Sarkhej-Bavla Road, Village Matoda, Ahmedabad-382213, Gujarat, India |
|
Tel. No.: |
91-79-65434343 |
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Mobile No.: |
91-9909991999 (Mr. Tanuj Rajkumar Pugalia) |
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Fax No.: |
91-79-27475936 |
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E-Mail : |
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Location : |
Rented |
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Locality: |
Industrial |
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Factory: |
Survey No. 148, Sarkhej Bawla Road, Village Chancharwadi, Ahmadabad –
382213, Gujarat, India |
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Location : |
Rented |
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Locality: |
Industrial |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Tanuj Rajkumar Pugalia |
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Designation : |
Director |
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Address : |
B 801, Reatret Tower, Near Shyamal Chaar Rasta, Vejalpur,
Ahmedabad-380015, Gujarat, India |
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Date of Birth/Age : |
21.08.1977 |
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Qualification: |
Graduate |
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Date of Appointment : |
12.05.2011 |
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PAN No.: |
AFRPP3942A |
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DIN No.: |
01624713 |
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Other
Directorship:
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||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Rajinder Singh |
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Designation : |
Director |
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Address : |
Village Thana, Kalan, Sonipat -131402, Haryana, India |
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Date of Birth/Age : |
24.04.1962 |
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Date of Appointment : |
28.09.2016 |
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PAN No.: |
AREPS4391K |
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DIN No.: |
01636611 |
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Other
Directorship:
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MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders [Equity Shares] |
|
No. of Shares |
|
Tanuj Rajkumar Pugalia |
|
10000 |
|
Sandeep Bajaj |
|
30000 |
|
Total |
|
40000 |
|
Names of Shareholders [Preference Shares] |
|
No. of Shares |
|
Amritdhara Vinimay Private Limited, India |
|
1335294 |
|
Total |
|
1335294 |
AS ON 30.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters – [Individual/Hindu Undivided Family – Indian] |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Manufacturing and trading of all kind of
laminated packing materials and allied products. (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
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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 : |
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Name : |
S K Jha and Company Chartered Accountants |
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Address : |
204, Iscon Plaza, Opposites Star Bazzar, Satellite, Ahmedabad-380015,
Gujarat, India |
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PAN No.: |
ABBFS6422J |
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Memberships : |
-- |
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Collaborators : |
--- |
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Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives: |
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Other Related
Party: |
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CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
INR 10/- each |
INR 1.000 Million |
|
1340000 |
Preference Shares |
INR 100/- each |
INR 134.000 Million |
|
|
Total |
|
INR 135.000
Million |
Issued Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000 |
Equity Shares |
INR 10/- each |
INR 0.400 Million |
|
1335294 |
Preference Shares |
INR 100/- each |
INR 133.529 Million |
|
|
Total |
|
INR 133.929
Million |
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000 |
Equity Shares |
INR 10/- each |
INR 0.400 Million |
|
1335294 |
Preference Shares (Not fully paid) |
|
INR 113.500 Million |
|
|
Total |
|
INR 113.900
Million |
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
113.900 |
113.900 |
113.900 |
|
(b) Reserves &
Surplus |
34.663 |
23.138 |
(3.156) |
|
(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) |
148.563 |
137.038 |
110.744 |
|
|
|
||
|
(3) Non-Current
Liabilities |
|
||
|
(a) long-term borrowings |
30.618 |
38.986 |
37.277 |
|
(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) |
30.618 |
38.986 |
37.277 |
|
|
|
||
|
(4) Current Liabilities |
|
||
|
(a) Short term borrowings |
69.934 |
64.766 |
0.000 |
|
(b) Trade payables |
322.578 |
258.973 |
193.049 |
|
(c) Other current
liabilities |
47.394 |
40.524 |
14.123 |
|
(d) Short-term provisions |
9.717 |
12.678 |
2.488 |
|
Total Current Liabilities
(4) |
449.623 |
376.941 |
209.660 |
|
|
|
||
|
TOTAL |
628.804 |
552.965 |
357.681 |
|
|
|
||
|
II.
ASSETS |
|
||
|
(1) Non-current assets |
|
||
|
(a) Fixed Assets |
|
||
|
(i) Tangible assets |
138.775 |
116.030 |
87.920 |
|
(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 |
7.278 |
7.278 |
7.278 |
|
(c) Deferred tax assets
(net) |
3.460 |
1.383 |
0.613 |
|
(d) Long-term Loan and Advances |
11.105 |
10.751 |
4.742 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
160.618 |
135.442 |
100.553 |
|
|
|
||
|
(2) Current assets |
|
||
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
148.313 |
103.761 |
98.800 |
|
(c) Trade receivables |
251.589 |
235.155 |
117.493 |
|
(d) Cash and cash
equivalents |
25.388 |
21.607 |
13.716 |
|
(e) Short-term loans and
advances |
9.695 |
15.705 |
4.191 |
|
(f) Other current assets |
33.201 |
41.295 |
22.928 |
|
Total Current Assets |
468.186 |
417.523 |
257.128 |
|
|
|
||
|
TOTAL |
628.804 |
552.965 |
357.681 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1548.935 |
1373.134 |
895.442 |
|
|
Other Income |
5.648 |
4.473 |
1.783 |
|
|
TOTAL |
1554.583 |
1377.607 |
897.225 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1287.456 |
1161.634 |
763.922 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Employee benefit expense |
35.725 |
25.132 |
11.925 |
|
|
Other expenses |
155.599 |
117.717 |
75.208 |
|
|
TOTAL |
1478.780 |
1304.483 |
851.055 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
75.803 |
73.124 |
46.170 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
14.175 |
6.120 |
8.161 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
61.628 |
67.004 |
38.009 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
43.244 |
29.361 |
24.633 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
18.384 |
37.643 |
13.376 |
|
|
|
|
|
|
|
Less |
TAX |
6.859 |
11.349 |
5.826 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
11.525 |
26.294 |
7.550 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
288.12 |
657.36 |
188.74 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
9.537 |
10.968 |
5.314 |
|
Net cash flows from (used in) operations |
96.434 |
23.136 |
0.000 |
|
Net cash flows from (used in) operating activities |
86.789 |
10.804 |
0.000 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
59.29 |
62.51 |
47.89 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
6.16 |
5.84 |
7.62 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
91.45 |
81.37 |
92.24 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.51 |
0.70 |
0.47 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.55 |
0.63 |
0.53 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.78 |
0.77 |
0.71 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.74 |
0.84 |
0.38 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
3.03 |
2.75 |
1.89 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.93 |
0.85 |
0.79 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
5.35 |
11.95 |
5.66 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.74 |
1.91 |
0.84 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.83 |
4.76 |
2.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
7.76 |
19.19 |
6.82 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.04 |
1.11 |
1.23 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.71 |
0.83 |
0.76 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.24 |
0.25 |
0.31 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.97 |
1.01 |
0.37 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.04 |
1.11 |
1.23 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
113.900 |
113.900 |
113.900 |
|
Reserves & Surplus |
(3.156) |
23.138 |
34.663 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
110.744 |
137.038 |
148.563 |
|
|
|
|
|
|
Long-term borrowings |
37.277 |
38.986 |
30.618 |
|
Short term borrowings |
0.000 |
64.766 |
69.934 |
|
Current maturities of
long-term debts |
5.314 |
10.968 |
9.537 |
|
Total
borrowings |
42.591 |
114.720 |
110.089 |
|
Debt/Equity
ratio |
0.385 |
0.837 |
0.741 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
895.442 |
1373.134 |
1548.935 |
|
|
|
53.347 |
12.803 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
895.442 |
1373.134 |
1548.935 |
|
Profit/ (Loss) |
7.550 |
26.294 |
11.525 |
|
|
0.84% |
1.91% |
0.74% |
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 |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
STATE OF COMPANIES
AFFAIR
J V Conbuild was incorporated as a private limited company on 12th day of May, 2011 and main object of the company as amended on 18th March, 2013 to carry on the business of manufacturing and trading of all kind of laminated packing materials and allied products. Earlier the main object of the company was to carry on the business of all types of construction and development work for integrated township project, hospitals,
nursing, education institutes, hospitality institutes, education city, shopping market, real estate venture, land development, sub-division of land, construct residential or commercial or residential cum commercial projects, building, flats, apartments etc. The registered office of the company is located at Survey No 438/P, Opposite, Intas Pharmaceuticals, Sarkhej Bavla Road, Village: Matoda, Ahmedabad, Gujarat-382213
.
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
Long-term
Borrowings |
|
|
|
Other loans and advances |
4.684 |
4.227 |
|
Total |
4.684 |
4.227 |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G61462487 |
100132997 |
THE FEDERAL BANK LIMITED |
17/10/2017 |
- |
- |
50000000.0 |
OPP. CITY GOLD CINEMA P.B. NO. 4073ASHRAM ROAD ,AHMEDABAD, GUJARAT – 380009 AHMEDABAD GUJARAT INDIA |
|
2 |
G04369419 |
100028934 |
THE FEDERAL BANK LT LIMITED D |
01/03/2016 |
- |
- |
18500000.0 |
FEDERAL TOWERSP B NO 103, ALWAYEERANAKULAM – 683101, KERALA, INDIA |
|
3 |
G04061248 |
100028166 |
THE FEDERAL BANK LIMITED |
22/02/2016 |
- |
- |
99561509.0 |
FEDERAL TOWERSP B NO 103, ALWAYEERANAKULAM – 683101, KERALA, INDIA |
|
4 |
G03284841 |
10507334 |
State Bank of India |
25/03/2014 |
- |
09/05/2016 |
49500000.0 |
REGIONAL BUSINESS OFFICE-1,SAHJANAND COMPLEX, SHAHIBAUG, AHMEDABAD – 380004, GUJARAT, INDIA |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Computer
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 65.06 |
|
UK Pound |
1 |
INR 92.06 |
|
Euro |
1 |
INR 80.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
TEJ |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
RKI |
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)
·
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.
·