|
|
|
MIRA INFORM REPORT
|
Report No. : |
509305 |
|
Report Date : |
14.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
NIVEA INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
4th Floor, Art Guild House, Phoenix Market City, Kurla
[West], Mumbai-400070, Maharashtra |
|
Mobile No.: |
91-9825046258 [Mr. Nayan] |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
26.05.2005 |
|
|
|
|
Com. Reg. No.: |
11-153536 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 5971.799
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24240MH2005FTC153536 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0305069772 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCN1990P |
|
|
|
|
TIN No.: |
27730503898 |
|
|
|
|
GSTN : [Goods & Service Tax Registration
No.] |
27AACCN1990P1ZV |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Trading of Cosmetics and Toiletry Products. [Registered Activity] |
|
|
|
|
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 8371140 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject was incorporated in the year 2005 and is a subsidiary of “Beiersdorf AG, Germany. It is a manufacturer and trader of body care products, bath care products and other cosmetic products. As per the financial record of 2017, the company has achieved a satisfactory growth of 17.86% in its revenue as compared to the previous year’s revenue and has reported a low profitability margin of 0.71%. The sound financial profile of the company is marked by healthy net worth base along with debt free balance sheet profile. Rating also takes into consideration the strong support that the company derives from its holding company and its well-experience management team. However, rating is constrained on account of negative reserve base of the company. Business is active. Payments seems to be slow but correct. In view of aforesaid, the company can be considered good for normal 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
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 14.05.2018
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 DECLINED BY
|
Name : |
Mr. Nayan |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-9825046258 |
|
Date : |
12.05.2018 |
[91-8108133392] Switch Off
[91-22-66459911/ 66459900] Continuously Ringing
LOCATIONS
|
Registered/ Head Office : |
4th Floor, Art Guild House, Phoenix Market City, Kurla
[West], Mumbai-400070, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9825046258 [Mr. Nayan] |
|
Fax No.: |
91-22-66459999 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Melanie Schrewe |
|||||||
|
Designation : |
Director |
|||||||
|
Address : |
Appener Weg 11, 20251 Hamburg 20251 De |
|||||||
|
Date of Birth/Age : |
11.09.1967 |
|||||||
|
Qualification: |
Post-Graduation |
|||||||
|
Date of Appointment : |
31.10.2006 |
|||||||
|
DIN No.: |
01128592 |
|||||||
|
||||||||
|
|
|
|||||||
|
Name : |
Stefan Norbert De Loecker |
|||||||
|
Designation : |
Director |
|||||||
|
Address : |
Meadows 5, Street 8 Villa 34, Dubai United Arab Emirates 502350 AE |
|||||||
|
Date of Birth/Age : |
28.08.1969 |
|||||||
|
Qualification: |
Post-Graduation |
|||||||
|
Date of Appointment : |
01.08.2012 |
|||||||
|
DIN No.: |
06384264 |
|||||||
|
|
|
|||||||
|
Name : |
Mr. Neil George |
|||||||
|
Designation : |
Director |
|||||||
|
Address : |
28/154, Parapilly Lane, Panampilly Nagar, Kochi-682036, Kerala, India |
|||||||
|
Date of Birth/Age : |
06.06.1967 |
|||||||
|
Qualification : |
Post-Graduation |
|||||||
|
Date of Appointment : |
01.05.2017 |
|||||||
|
DIN No.: |
07822080 |
|||||||
KEY EXECUTIVES
|
Name : |
Mr. Rabindra Kumar Purohit |
|
Designation : |
Company Secretary |
|
Address : |
J1/123A, Mahavir Kunj, Malviya Nagar, New Delhi – 110017, India |
|
Date of Appointment : |
03.02.2016 |
|
PAN No.: |
AGSPP4689Q |
|
|
|
|
Name : |
Mr. Nayan |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Beiersdorf AG, Germany |
591208140 |
99.00 |
|
Phanex Handelsgellschaft MBH, Germany |
5971743 |
1.00 |
|
|
|
|
|
Total |
597179883 |
100.00 |
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Body Corporate |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Trading of Cosmetics and Toiletry Products. [Registered Activity] |
||||
|
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|
||||
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Products : |
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||||
|
|
|
||||
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Brand Names : |
“NIVEA” |
||||
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|
||||
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Agencies Held : |
Not Divulged |
||||
|
|
|
||||
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Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: [NOT AVAILABLE]
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
|
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|
||||||||||||||||||||||
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No. of Employees : |
Not Divulged |
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
Bankers : |
|
|
|
|
|
Auditors : |
|
|
Name : |
S R B C and Company LLP Chartered Accountants |
|
Address : |
14th Floor, The Ruby 29, Senapati Bapat Marg, Dadar (West), Mumbai – 400028, Maharashtra, India |
|
PAN No.: |
ACHFS9117R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company: |
Beiersdorf AG (Germany) |
|
|
|
|
Fellow
Subsidiary companies: |
· Beiersdorf (Thailand) Co., Limited · Beiersdorf Shared Services GMBH · BDF Mexico, S.A. de C.V. · Beiersdorf Customer Supply GMBH · Beiersdorf Manufacturing Hamburg GMBH · Beiersdorf Manufacturing Waldheim GmbH · Phanex Handelsgellschaft MBH (Germany) · BDF Middle East · BDF Indonesia · Beiersdorf Near East FZ LLC · Beiersdorf LLC · Beiersdorf East Africa Ltd · Beiersdorf (India) Private Limited [U24236GA1965PTC000055] · Beiersdorf S.A. Chile · Beiersdorf Manufacturing Tres Canto · Beiersdorf Manufacturing Berlin GmbH · Beiersdorf Indústriae Comércio Ltda · NIVEA (Shanghai) Co. Limited · Beiersdorf SA |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000000 |
Equity Shares |
INR 10/- each |
INR 6000.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
597179883 |
Equity Shares |
INR 10/- each |
INR 5971.799
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
5971.799 |
5971.799 |
5971.799 |
|
(b) Reserves and Surplus |
(3041.900) |
(3095.800) |
(2725.000) |
|
(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) |
2929.899 |
2875.999 |
3246.799 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(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 |
18.100 |
14.000 |
13.000 |
|
Total Non-current
Liabilities (3) |
18.100 |
14.000 |
13.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
1278.700 |
1389.100 |
1234.500 |
|
(c) Other
current liabilities |
167.300 |
114.400 |
288.000 |
|
(d) Short-term
provisions |
95.600 |
41.800 |
38.100 |
|
Total Current
Liabilities (4) |
1541.600 |
1545.300 |
1560.600 |
|
|
|
|
|
|
TOTAL |
4489.599 |
4435.299 |
4820.399 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1721.400 |
1794.100 |
1439.600 |
|
(ii)
Intangible Assets |
30.100 |
54.300 |
0.800 |
|
(iii) Tangible assets
capital work-in-progress |
1.700 |
1.700 |
13.200 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
31.000 |
|
(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 |
352.400 |
396.700 |
233.300 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.300 |
|
Total Non-Current
Assets |
2105.600 |
2246.800 |
1718.200 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1252.400 |
1250.100 |
1117.400 |
|
(c) Trade
receivables |
624.900 |
464.200 |
331.500 |
|
(d) Cash and
bank balances |
302.700 |
162.500 |
1320.700 |
|
(e)
Short-term loans and advances |
203.700 |
310.100 |
326.000 |
|
(f) Other
current assets |
0.299 |
1.599 |
6.599 |
|
Total
Current Assets |
2383.999 |
2188.499 |
3102.199 |
|
|
|
|
|
|
TOTAL |
4489.599 |
4435.299 |
4820.399 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
7619.200 |
6464.800 |
5263.400 |
|
|
Other Income |
65.900 |
41.100 |
158.300 |
|
|
TOTAL |
7685.100 |
6505.900 |
5421.700 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
943.300 |
495.400 |
17.700 |
|
|
Purchases of
Stock-in-Trade |
2291.400 |
2873.000 |
3192.800 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
138.400 |
36.100 |
42.500 |
|
|
Employee benefit expense |
721.900 |
590.700 |
430.600 |
|
|
Other expenses |
3370.400 |
2740.900 |
2131.200 |
|
|
TOTAL |
7465.400 |
6736.100 |
5814.800 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
219.700 |
(230.200) |
(393.100) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
219.700 |
(230.200) |
(393.100) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
165.800 |
140.600 |
9.600 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
53.900 |
(370.800) |
(402.700) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
53.900 |
(370.800) |
(402.700) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
469.100 |
378.400 |
93.300 |
|
|
TOTAL EARNINGS |
469.100 |
378.400 |
93.300 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
651.000 |
236.900 |
115.900 |
|
|
Components and spare
parts |
881.500 |
1202.600 |
0.000 |
|
|
Finished Goods |
0.000 |
0.000 |
1599.000 |
|
|
Capital Goods |
26.000 |
54.400 |
232.600 |
|
|
TOTAL IMPORTS |
1558.500 |
1493.900 |
1947.500 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.09 |
(0.62) |
(0.83) |
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 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
201.500 |
(580.600) |
(131.900) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
199.700 |
(693.700) |
(201.800) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
29.94 |
26.21 |
22.99 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
12.19 |
13.93 |
15.88 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
144.29 |
150.52 |
140.35 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.18 |
(0.18) |
(0.35) |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.13 |
(0.12) |
(0.26) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.34 |
0.35 |
0.32 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.53 |
0.54 |
0.48 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.60 |
0.64 |
0.46 |
|
|
|
|
|
|
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) |
% |
0.71 |
(5.74) |
(7.65) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.20 |
(8.36) |
(8.35) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
1.84 |
(12.89) |
(12.40) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.55 |
1.42 |
1.99 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.73 |
0.61 |
1.27 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.65 |
0.65 |
0.67 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.55 |
1.42 |
1.99 |
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
|
Particulars |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
5971.799 |
5971.799 |
5971.799 |
|
Reserves & Surplus |
(2725.000) |
(3095.800) |
(3041.900) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
3246.799 |
2875.999 |
2929.899 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
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 |
5263.400 |
6464.800 |
7619.200 |
|
|
|
22.826 |
17.857 |
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 |
5263.400 |
6464.800 |
7619.200 |
|
Profit/ (Loss) |
(402.700) |
(370.800) |
53.900 |
|
|
(7.65
%) |
(5.74
%) |
0.71
% |
LEGAL CASES
|
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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 |
No |
|
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 |
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 |
INDEX OF CHARGES: NO
CHARGES EXISTS FOR COMPANY
CONTINGENT LIABILITIES:
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Income Tax orders in respect of which Company’s appeals are pending before appellate authorities* |
534.900 |
396.000 |
|
Excise Matters |
10.300 |
142.600 |
|
Other Matters |
3.700 |
3.700 |
*Note: Income tax demand comprise demand from the Indian tax authorities mainly on account of disallowance under transfer pricing provisions of Income tax act 1961. The matters are pending before the Commissioner of Income tax (Appeals)/ITAT.
COMPANY’S
PERFORMANCE OVERVIEW
The total revenue of the Company has increased from INR 6505.900 million (in the previous year) to INR 7685.100 million in the financial year. The net profit earned by the Company during the year was INR 53.900 million as compared to the net loss of INR 370.800 million incurred in the previous year.
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Computer equipment’s
·
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 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 67.22 |
|
UK Pound |
1 |
INR 90.88 |
|
Euro |
1 |
INR 80.09 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHA |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
RUP |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
YES |
|
--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.