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|
MIRA INFORM REPORT
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Report No. : |
509224 |
|
Report Date : |
14.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
PRAMA HIKVISION INDIA PRIVATE LIMITED |
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|
Registered
Office : |
Office No. 1-4, Siddhivinayak Arcade, 2nd Floor,
Akurli Cross Road No.1, Near Kandivali Station (Fatak), Kandivali East,
Mumbai – 400101, Maharashtra, India |
|
Mob. No.: |
91-91-22-42223737 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
03.02.2009 |
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Com. Reg. No.: |
11-190094 |
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Capital
Investment / Paid-up Capital : |
INR 39.808 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U36100MH2009PTC190094 (New) U74990MH2009PTC190094 (Old) |
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IEC No.: [Import-Export Code No.] |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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GSTN : [Goods & Service Tax
Registration No.] |
27AAECP9888L1ZE |
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TIN No.: |
Not Divulged |
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PAN No.: [Permanent Account No.] |
AAECP9888L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Distribution of CCTV Camera, DVR and Hard Disk.
(Registered activity) |
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No. of Employees
: |
Information declined by the management (Approximately) |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “Hangzhou Hikvision Digital Technology Co Limited,
China” and was incorporated in the year 2009. For the financial year ended 2017, the company has witnessed a growth
in its revenue as compared to previous year and maintained fair profitability
margin of 2.47%. Rating takes into consideration sound financial profile of the company
marked by healthy networth base and negligible debt balance sheet. Further, rating also derives strength from its strong holding company,
established track records of business operation along with healthy
improvement in the revenue profile. Trade relations are reported as fair. Business is active. Payment
terms are 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 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 DENIED
Management Non-Cooperative (Tel. No.: 91-22-28469901 / 907)
Tel. No.: 91-22-42223737 not exist.
LOCATIONS
|
Registered Office / Branch Address : |
Office No. 1-4, Siddhivinayak Arcade, 2nd
Floor, Akurli Cross Road No.1, Near Kandivali Station (Fatak), Kandivali
East, Mumbai – 400101, Maharashtra, India |
|
Tel. No.: |
91-22-42223737 / 28469900 / 42223733 / 28469943 / 28469901
|
|
Fax No.: |
91-22-42223700 / 28469990 |
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E-Mail : |
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Website : |
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Headquarters: |
No.555, Qianmo Road, Binjiang District, Hangzhou 310052, China |
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Nagpur : |
1st Floor, Block No. 101 and 102, Plot No.105, House No. 52/B, Behind Neron Hospital, Deshmukh Marg, Near Dhantoli Park, Dhantoli, Nagpur - 440012. Maharashtra, India |
|
Tel. No.: |
91-22-28469977 / 32443737 |
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Vasai-Warehouse : |
Gala No. 17 and 18, Real Industrial Estate, Sativali Road, Valiv Phata, Land Mark - Opposite to Professional Courier Head Office, Vasai (East), Thane - 401 108, Maharashtra, India |
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Vasai-RMA Center : |
Hira Industrial Estate, S.No.149, Building No.2, Opposite Sai Vihar Hotel, Off. NH-8, Vasai Phata, Vasai (East), Village Pilhar, District – Palghar – 401208, Maharashtra, India |
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Nashik Office : |
Flat No.3, First floor, Shiv Builders, Shanti Sadan Apartment, Old Agra Road, Nashik – 422005, Maharashtra, India |
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Aurangabad Office : |
Ground Floor, H. No.13-B, Jalna Road, Opposite S.F.S School, Shiv Shakti Colony, Aurangabad – 431001, Maharashtra, India |
DIRECTORS
As on 31.03.2018
|
Name : |
Mr. Ashish Pravinchandra Dhakan |
|
Designation : |
Director |
|
Address : |
B/15, 304, Suryadarshan Anand Nagar, C.S. Road, Dahisar (East), Mumbai
– 400068, Maharashtra, India |
|
Date of Birth/Age : |
11.09.1976 |
|
Date of Appointment : |
03.02.2009 |
|
Qualification : |
B.E.(I.C.) MBA (Markting.), PGDBA (IT), PGDCS (IIT) SCJP |
|
Experience : |
16 Years |
|
PAN No.: |
AIEPD2708A |
|
DIN No.: |
02314764 |
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|
|
|
Name : |
Hongli He |
|
Designation : |
Director |
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Address : |
Room 1501, Entrance 4 , Building 2 Shuian Fengting,
Shangcheng District Hangzhou City 310000 China |
|
Date of Birth/Age : |
16.06.1973 |
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Qualification : |
Graduation/ Bachelor/ Equivalent |
|
Date of Appointment : |
17.02.2016 |
|
DIN No.: |
07378175 |
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|
|
|
Name : |
Mr. Peisheng Du |
|
Designation : |
Additional Director |
|
Address : |
Room 211, Building 2, Macheng Road 32 Xihu District,
Hangzhou City, Zhejiang Province Hangzhou 310000 China |
|
Date of Appointment : |
06.02.2018 |
|
DIN No.: |
08057513 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Ashish Pravinchandra Dhakan |
|
1671936 |
|
Hangzhou Hikvision Digital Technology Company Limited, China |
|
2308864 |
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Total |
|
3980800 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
42.00 |
|
Promoter - Bodies
corporate |
58.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distribution of CCTV Camera, DVR and Hard Disk.
(Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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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 declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Panchani Associates Chartered Accountants |
|
Address : |
C - 703 / 704, Shree Ramdev Commercial Complex, Near Bank of India, Dr. Dalvi Road, Kandivali (West), Mumbai, Maharashtra, India |
|
Tel. No.: |
91-22-28071408 |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAFFP2756F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
Hangzhou Hikvision Digital Technology Company Limited, China |
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Associates : |
Hikvision International Company Limited, China |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3980800 |
Equity Shares |
INR 10/- each |
INR 39.808
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees 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 |
39.808 |
39.808 |
39.808 |
|
(b) Reserves and Surplus |
644.307 |
424.429 |
330.493 |
|
(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) |
684.115 |
464.237 |
370.301 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.643 |
0.462 |
2.575 |
|
(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) |
1.643 |
0.462 |
2.575 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
2557.792 |
1996.631 |
1026.065 |
|
(c) Other
current liabilities |
117.803 |
83.065 |
52.119 |
|
(d) Short-term
provisions |
254.209 |
292.377 |
236.151 |
|
Total Current
Liabilities (4) |
2929.804 |
2372.073 |
1314.335 |
|
|
|
|
|
|
TOTAL |
3615.562 |
2836.772 |
1687.211 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
37.955 |
41.608 |
30.285 |
|
(ii)
Intangible Assets |
5.973 |
7.559 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.224 |
0.588 |
0.588 |
|
(iv)
Intangible assets under development |
0.216 |
0.000 |
0.742 |
|
(b) Non-current Investments |
0.118 |
0.265 |
0.235 |
|
(c) Deferred tax assets (net) |
5.917 |
3.439 |
1.881 |
|
(d)
Long-term loans and advances |
112.252 |
73.574 |
85.693 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
162.655 |
127.033 |
119.424 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1348.458 |
1157.800 |
636.144 |
|
(c) Trade
receivables |
1146.998 |
1010.849 |
604.145 |
|
(d) Cash and
bank balances |
412.614 |
401.696 |
298.571 |
|
(e)
Short-term loans and advances |
304.476 |
137.588 |
27.905 |
|
(f) Other
current assets |
240.361 |
1.806 |
1.022 |
|
Total
Current Assets |
3452.907 |
2709.739 |
1567.787 |
|
|
|
|
|
|
TOTAL |
3615.562 |
2836.772 |
1687.211 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
8913.310 |
6066.861 |
3646.386 |
|
|
Other Income |
82.695 |
14.959 |
12.840 |
|
|
TOTAL |
8996.005 |
6081.820 |
3659.226 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
6130.359 |
4355.999 |
2361.834 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(190.658) |
(521.656) |
(267.041) |
|
|
Employee benefit expense |
278.103 |
205.542 |
147.748 |
|
|
CSR expenditure |
5.100 |
2.500 |
0.000 |
|
|
Other expenses |
2408.987 |
1783.421 |
987.232 |
|
|
TOTAL |
8631.891 |
5825.806 |
3229.773 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
364.114 |
256.014 |
429.453 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.250 |
0.193 |
0.455 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
363.864 |
255.821 |
428.998 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
24.772 |
20.243 |
18.407 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
339.092 |
235.578 |
410.591 |
|
|
|
|
|
|
|
Less |
TAX |
119.214 |
141.642 |
150.620 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
219.878 |
93.936 |
259.971 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
601.626 |
531.972 |
66.861 |
|
|
TOTAL EARNINGS |
601.626 |
531.972 |
66.861 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
55.235 |
23.597 |
65.306 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Net cash flows from (used in) operations |
192.603 |
345.756 |
186.388 |
|
Net cash flows from (used in) operating activities |
14.847 |
208.876 |
93.632 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
46.97 |
60.82 |
60.47 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
7.77 |
6.00 |
6.04 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors / Purchases
* 365] |
|
152.29 |
167.30 |
158.57 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.27 |
0.22 |
0.68 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
8.21 |
5.15 |
13.58 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.81 |
0.84 |
0.78 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
0.00 |
0.00 |
0.01 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
4.28 |
5.11 |
3.55 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.06 |
0.11 |
0.09 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
1456.46 |
1326.50 |
943.85 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
2.47 |
1.55 |
7.13 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
6.08 |
3.31 |
15.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
32.14 |
20.23 |
70.21 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.18 |
1.14 |
1.19 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.72 |
0.65 |
0.71 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.19 |
0.16 |
0.22 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
0.04 |
0.01 |
0.06 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current Assets
/ Total Current Liabilities] |
|
1.18 |
1.14 |
1.19 |
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 |
39.808 |
39.808 |
39.808 |
|
Reserves & Surplus |
330.493 |
424.429 |
644.307 |
|
Net
worth |
370.301 |
464.237 |
684.115 |
|
|
|
|
|
|
Long-term borrowings |
2.575 |
0.462 |
1.643 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
2.575 |
0.462 |
1.643 |
|
Debt/Equity
ratio |
0.007 |
0.001 |
0.002 |
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 |
3646.386 |
6066.861 |
8913.310 |
|
|
0.000 |
66.380 |
46.918 |
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 |
3646.386 |
6066.861 |
8913.310 |
|
Profit/ (Loss) |
259.971 |
93.936 |
219.878 |
|
|
7.13
% |
1.55
% |
2.47
% |
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 |
No |
|
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 |
REVIEW OF BUSINESS OPERATIONS
AND FUTURE PROSPECTS
During the year the Net Profit of the Company has increased from INR 93.936 Million to INR 219.878 Million.
During the year the revenue of the Company has increased by INR 2914.186 Million as compared to the year 2016, which shows the growth rate of 47.92%.
The directors are always striving hard in achieving and for sustaining the progressive growth rate for the Company, despite of external market and industry environment where a cut throat competition is prevailing. Your directors are continuously looking for avenues for future growth of the Company in Security Surveillance industry.
INDEX
OF CHARGES:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G73401465 |
100146433 |
13/12/2017 |
- |
- |
1900000.0 |
Lakshmi Apartments, Shubhamkaroti Coop. Hsg.Society, Behind Anand Nagar, Dahisar East BranchMumbaiMH400068IN |
|
|
2 |
G73406621 |
100146420 |
13/12/2017 |
- |
- |
1900000.0 |
Lakshmi Apartments, Shubhamkaroti Coop. Hsg.Society, Behind Anand Nagar, Dahisar East BranchMumbaiMH400068IN |
|
|
3 |
G07665847 |
100039134 |
10/06/2016 |
- |
- |
2100000.0 |
Lakshmi Apartments, Shabankaroti Housing Complex,Behind : Anand Nagar, Dahisar (E)MumbaiMH400068IN |
|
|
4 |
G57589780 |
10467618 |
30/11/2013 |
- |
25/09/2017 |
1897483.0 |
Lakshmi Apartments, shubhamkaroti Housing Complex,Behind : Anand Nagar, Dahisar (E)MumbaiMH400068IN |
|
|
5 |
G05860416 |
10430134 |
16/05/2013 |
- |
02/06/2016 |
4334000.0 |
Retail Loan Herb, 301/302 3rd Floor,Eagles flight,Suren Road, Andheri-Kurla Rd, Andheri East,MumbaiMH400093IN |
|
|
6 |
C53245437 |
10293143 |
30/07/2009 |
- |
20/04/2015 |
900000.0 |
Lakshmi Apartments, Shabankaroti Housing Complex,Behind : Anand Nagar, Dahisar (E)MumbaiMH400068IN |
|
FIXED ASSETS
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipment
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 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 |
|
|
1 |
INR 90.88 |
|
Euro |
1 |
INR 80.09 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
JYO |
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.