|
|
|
MIRA INFORM REPORT
|
Report No. : |
509234 |
|
Report Date : |
12.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
BURGER KING INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit Nos.1003 to 1007, 10th Floor, Mittal Commercia Asan Pada Road, Chimatpada, Marol, Andheri (East), Mumbai – 400059, Maharashtra |
|
Tel. No.: |
91-22-61033000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
11.11.2013 |
|
|
|
|
Com. Reg. No.: |
11-249986 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 2650.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U55204MH2013FTC249986 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TIN No.: |
27725275285 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAFCB7044K1ZH |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCB7044K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
To develop, promote, establish, own, acquire, operate, manage and maintain directly or indirectly, restaurants (including quick service restaurants), eating houses, kiosks, fast food outlets, cafeterias, food courts, tea and coffee houses, soda fountains, taverns, canteens, catering services or other store formats and provide therein all types of amenities, facilities, conveniences, refreshments, in the territory of India and to license to other franchisees as a master franchisee, the right to develop, establish, operate and maintain, restaurants, eating houses, kiosks, fast food outlets, cafeteria, food courts, tea and coffee houses, soda fountains, taverns, canteens, catering services or other store formats in particular locations or regions within the territory of India. (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 : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exists |
|
|
|
|
Comments : |
Subject is a wholly owned subsidiary of “QSR Asia Pte. Limited, Singapore”. It was incorporated in the year 2013. Burger King India has 70 outlets in nine cities. It has partnered with Everstone Capital which holds a majority stake in the company through subsidiary F&B Asia Venture. For the financial year 2017, the company has achieved growth in the revenue as compared to the previous year but has incurred operational loss. The satisfactory financial risk profile of the company is marked by improving net worth position due to equity infusion by its promoters along with comfortable debt level due to debt free balance sheet profile. Rating takes into consideration the strong financial support the subject receives from its holding company. Payment seems to be regular. In view of 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 |
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 12.05.2018
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 : |
Ms. Ranjana Saboo |
|
Designation : |
Company Secretary |
|
Contact No.: |
91-9619905869 |
|
Date : |
06.12.2017 |
(Tel No.:
91-22-61033000 – Incorrect Number)
LOCATIONS
|
Registered Office : |
Unit Nos.1003 to 1007, 10th Floor, Mittal Commercia Asan Pada Road, Chimatpada, Marol, Andheri (East), Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9619905869 (Ms. Ranjana Saboo) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Rajeev Varman |
|
Designation : |
Whole Time Director |
|
Address : |
Flat No. 4202, 42nd Floor, Tower-I (Terra), Planet Godrej, 30 K K
Marg, Mahalaxmi, Mumbai-400011, Maharashtra, India |
|
Date of Birth/Age : |
18.09.1969 |
|
Qualification : |
B.E and MBA |
|
Date of Appointment : |
27.02.2014 |
|
PAN No.: |
AUNPV6794K |
|
DIN No.: |
03576356 |
|
|
|
|
Name : |
Mr. Jaspal Singh Sabharwal |
|
Designation : |
Director |
|
Address : |
APH - 01, Central Park I, DLF Golf Course Road, Sec-42, Gurugram- 122002, Haryana, India |
|
Date of Birth/Age : |
10.10.1963 |
|
Date of Appointment : |
18.11.2013 |
|
PAN No.: |
AAKPS7498E |
|
DIN No.: |
00899094 |
|
|
|
|
Name : |
Mr. Amit Manocha |
|
Designation : |
Director |
|
Address : |
Ml-34, Eldeco Mansion, Sector 48 Sohna Road, Opposite Omaxe City Centre, Gurugram- 122002, Haryana, India |
|
Date of Appointment : |
07.07.2016 |
|
DIN No.: |
01864156 |
|
|
|
|
Name : |
Mr. Nitin Ramchand Motwani |
|
Designation : |
Director |
|
Address : |
Flat No. 702, 7th Floor, Sundeep Apartment, Amrut Nagar, Opposite Sagar Park, Ghatkopar (West), Mumbai-400086, Maharashtra, India |
|
Date of Appointment : |
21.09.2017 |
|
DIN No.: |
03397735 |
|
|
|
|
Name : |
Antonio Pagano |
|
Designation : |
Additional Director |
|
Address : |
1, Hullet Road #19-02 Singapore 229157 Sg |
|
Date of Appointment : |
13.12.2017 |
|
DIN No.: |
07992811 |
KEY EXECUTIVES
|
Name : |
Ms. Ranjana Saboo |
|
Designation : |
Company Secretary |
|
Address : |
Flat No. 601-602, Building No. 4, Shubharambh Complex, Opposite Happy Valley, Manpada Road, Thane-400607, Maharashtra, India |
|
Date of Appointment : |
02.06.2014 |
|
PAN No.: |
BEWPS7910G |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
QSR Asia Pte. Limited, Singapore |
|
264999999 |
|
F&B Asia Ventures (Singapore) Pte. Limited, Singapore (As a
nominee of QSR Asia Pte. Limited, Singapore) |
|
1 |
|
Total |
|
265000000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
To develop, promote, establish, own, acquire, operate, manage and maintain directly or indirectly, restaurants (including quick service restaurants), eating houses, kiosks, fast food outlets, cafeterias, food courts, tea and coffee houses, soda fountains, taverns, canteens, catering services or other store formats and provide therein all types of amenities, facilities, conveniences, refreshments, in the territory of India and to license to other franchisees as a master franchisee, the right to develop, establish, operate and maintain, restaurants, eating houses, kiosks, fast food outlets, cafeteria, food courts, tea and coffee houses, soda fountains, taverns, canteens, catering services or other store formats in particular locations or regions within the territory of India. (Registered Activity) |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
'BURGER KING' |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
S R B C and Company LLP Chartered Accountants |
|
Address : |
Dadar, Mumbai, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ACHFS9117R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company : |
QSR Asia Pte. Limited, Singapore |
|
|
|
|
Holding company of
QSR Asia Pte. Limited : |
F&B Asia Ventures (Singapore) Pte. Limited, Singapore |
|
|
|
|
Ultimate Holding
Company : |
F&B Asia Ventures Limited (Mauritius) |
|
|
|
|
Fellow Subsidiaries
: |
Harry's India Private Limited |
|
|
|
|
Enterprises over
which Key Management Personnel/ shareholders or their relatives is/are able
to exercise significant influence : |
Pan India Food Solutions Private Limited |
CAPITAL STRUCTURE
As on 23.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
265000000 |
Equity Shares |
INR 10/- each |
INR 2650.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
265000000 |
Equity Shares |
INR 10/- each |
INR 2650.000 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 |
2650.000 |
1185.350 |
387.500 |
|
(b) Reserves and Surplus |
1168.050 |
316.460 |
(111.553) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
229.300 |
525.000 |
|
Total
Shareholders’ Funds (1) + (2) |
3818.050 |
1731.110 |
800.947 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
17.324 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
89.430 |
37.650 |
0.000 |
|
(d) long-term
provisions |
25.320 |
3.670 |
0.902 |
|
Total Non-current
Liabilities (3) |
114.750 |
41.320 |
18.226 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
194.810 |
100.960 |
39.347 |
|
(c) Other
current liabilities |
158.400 |
171.420 |
60.229 |
|
(d) Short-term
provisions |
10.020 |
8.750 |
8.617 |
|
Total Current
Liabilities (4) |
363.230 |
281.130 |
108.193 |
|
|
|
|
|
|
TOTAL |
4296.030 |
2053.560 |
927.366 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1869.040 |
1164.080 |
293.310 |
|
(ii)
Intangible Assets |
63.470 |
30.520 |
10.494 |
|
(iii) Tangible assets
capital work-in-progress |
104.610 |
97.220 |
40.179 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
263.340 |
224.990 |
94.016 |
|
(e) Other
Non-current assets |
0.840 |
0.030 |
0.025 |
|
Total Non-Current
Assets |
2301.300 |
1516.840 |
438.024 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
1760.280 |
448.020 |
412.500 |
|
(b)
Inventories |
39.980 |
25.980 |
7.681 |
|
(c) Trade
receivables |
14.160 |
7.340 |
0.305 |
|
(d) Cash and
bank balances |
124.820 |
28.270 |
27.782 |
|
(e) Short-term
loans and advances |
47.190 |
23.680 |
39.928 |
|
(f) Other
current assets |
8.300 |
3.430 |
1.146 |
|
Total
Current Assets |
1994.730 |
536.720 |
489.342 |
|
|
|
|
|
|
TOTAL |
4296.030 |
2053.560 |
927.366 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
2334.830 |
1386.390 |
161.365 |
|
|
Other Income |
31.730 |
21.870 |
3.998 |
|
|
TOTAL |
2366.560 |
1408.260 |
165.363 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
955.000 |
596.710 |
70.066 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Employee benefit expense |
511.850 |
354.090 |
60.374 |
|
|
Other expenses |
1312.320 |
751.440 |
80.131 |
|
|
TOTAL |
2779.170 |
1702.240 |
210.571 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
(412.610) |
(293.980) |
(45.208) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(412.610) |
(293.980) |
(45.208) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
208.010 |
88.960 |
9.928 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(620.620) |
(382.940) |
(55.136) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(620.620) |
(382.940) |
(55.136) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(4.20) |
(4.58) |
(1.42) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(407.170) |
(187.190) |
(155.916) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average
Collection Days (Sundry Debtors / Income * 365 Days) |
2.21 |
1.93 |
0.69 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
164.89 |
188.88 |
529.07 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
74.46 |
61.76 |
204.97 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
(10.32) |
(11.32) |
(5.89) |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
(0.20) |
(0.23) |
(0.13) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets) |
0.08 |
0.14 |
0.14 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.02 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.10 |
0.16 |
0.14 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.53 |
0.75 |
0.43 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
0.00 |
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
(26.58) |
(27.62) |
(34.17) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(14.45) |
(18.65) |
(5.95) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(16.25) |
(22.12) |
(6.88) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
5.49 |
1.91 |
4.52 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
5.38 |
1.82 |
4.45 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.89 |
0.84 |
0.86 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.00 |
0.04 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
5.49 |
1.91 |
4.52 |
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 |
387.500 |
1185.350 |
2650.000 |
|
Reserves & Surplus |
(111.553) |
316.460 |
1168.050 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
525.000 |
229.300 |
0.000 |
|
Net
worth |
800.947 |
1731.110 |
3818.050 |
|
|
|
|
|
|
long-term borrowings |
17.324 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
17.324 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.022 |
0.000 |
0.000 |
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 |
161.365 |
1386.390 |
2334.830 |
|
|
|
759.164 |
68.411 |
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 |
161.365 |
1386.390 |
2334.830 |
|
Profit/ (Loss) |
(55.136) |
(382.940) |
(620.620) |
|
(34.17
%) |
(27.62
%) |
(26.58
%) |
LEGAL
CASES
|
CIVIL COURT, DINDOSHI Case
Details Case Type: Civil Suit CNR Number: MHCC04-010936-2017
Case Status First Hearing
Date: 13th February 2018 Petitioner
and Advocate 1) M/s Dhanthak and Co. Respondent
and Advocate 1) Burger King India Private Limited Acts
History of Case Hearing
|
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 |
No |
|
21] |
Banking facility details |
No |
|
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 |
Yes |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE:
Registered office of the company has been shifted from Unit 502, Peninsula Tower 1, Peninsular Corporate Park, G.K. Marg, Lower Parel, Mumbai -400013, Maharashtra, India to the present address w.e.f. 01.10.2017
CORPORATE INFORMATION
The Company is a company incorporated on 11th November, 2013. The Company is into the business of Quick Service Restaurants under the brand name of 'Burger King'.
INDEX
OF CHARGES: NO CHARGES EXISTS FOR COMPANY
FIXED ASSETS
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Leasehold improvements
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service, Interpol,
etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its
beneficial owners, controlling shareholders or senior officers as terrorist or
terrorist organization or whom notice had been received that all financial
transactions involving their assets have been blocked or convicted, found
guilty or against whom a judgement or order had been entered in a proceedings
for violating money-laundering, anti-corruption or bribery or international
economic or anti-terrorism sanction laws or whose assets were seized, blocked,
frozen or ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No 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 |
|
UK Pound |
1 |
INR 91.09 |
|
Euro |
1 |
INR 79.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.