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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

509746

Report Date :

21.05.2018

 

 

IDENTIFICATION DETAILS

 

Name :

CELEBRITIES MANAGMENT PRIVATE LIMITED

 

 

Registered Office :

5th Floor, Techweb Center, Link Road, Oshiwara, Mumbai-400102, Maharashtra

Tel. No.:

91-22-42001000 / 26390982 /26359158

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

19.08.1996

 

 

Com. Reg. No.:

11-101967

 

 

Capital Investment / Paid-up Capital :

INR 7.500 Million

 

 

CIN No.:

[Company Identification No.]

U74140MH1996PTC101967

 

 

IEC No.:

[Import-Export Code No.]

Not Applicable (As informed by the management that firm does not have export and import)

 

 

PAN No.:

[Permanent Account No.]

AAACC4368C

 

 

GSTN :

[Goods & Service Tax Registration No.]

Not Divulged

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

The Company has been mainly in the following business during the year

  • Broadcasting of Satellite Television Channels uplinked from India in the name TRAVELXP
  • Space Selling agent for other television channels
  • Media Management Services and sale of programs, rights including contents and program feeds. (Registered Activity)
  • Subject is engaged in broadcasting services (Registered Activity and also Confirmed by management)

 

 

No. of Employees :

50 (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

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company incorporated in the year 1996 having satisfactory track records.


For the financial year ended 2017, the company has witnessed a growth in its revenue and has reported good profit margin at 10.11% (approximately)


The company possesses sound financial profile marked by healthy net worth base along with low debt level of the company


The company also derives strength from its long standing track record of business operations.


Trade relations are reported as fair. Business is active. Payments terms are reported to be usually correct and as per commitments


In view of the aforesaid, the company can be considered for business dealings at usual trade terms and conditions

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

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 21.05.2018

 

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 PARTED BY (PARTIAL DETAILS)

 

Name :

Mr. Manoj

Designation :

Office Executive

Contact No.:

91-22-42001000

 

 

Name :

Mr. Vijay

Designation :

Office Executive

Contact No.:

91-22-26390982

Date :

18.05.2018

 

LOCATIONS

 

Registered Office :

5th Floor, Techweb Center, Link Road, Oshiwara, Mumbai-400102, Maharashtra, India 

Tel. No.:

91-22-42001000 / 26390982 /26359158

Fax No.:

91-22-42001006/26390983

E-Mail :

prashant.chothani@travelxp.tv

Website :

www.travelxp.tv

Location :

Rented

Locality :

Commercial

 

 

DIRECTORS

 

As on 31.03.2017

 

Name :

Mr. Prashant Madhusudan Chothani

Designation :

Director

Address :

173-A Wing, Park Plaza, Condominimum Yari Road, Andheri (West), Opposite Fishery Inst Versova, Mumbai - 400061, Maharashtra, India   

Date of Appointment :

19.08.1996

DIN No.:

00072714

 

 

Name :

Mrs. Nisha Prashant Chothani

Designation :

Director

Address :

Flat 183, Park Plaza, A Wing, Opposite Fishery Institute, Yari Road, Versova Andheri (West), Mumbai -400061, Maharashtra, India    

Date of Appointment :

26.02.1998

DIN No.:

00072718

 

KEY EXECUTIVES

 

Name :

Mr. Manoj

Designation :

Office Executive

 

 

Name :

Mr. Vijay

Designation :

Office Executive

 

 

MAJOR SHAREHOLDERS

 

As on 31.03.2017

 

Names of Shareholders

No. of Shares

% of Holding

Prashant Madhusudan Chothani

375000

50.00

Nisha Prashant Chothani

375000

50.00

Total

750000

100.00

 

 

Equity Share Break up (Percentage of Total Equity)

 

As on 31.08.2017

 

Category

Percentage

Promoters (Individual/Hindu Undivided Family – Indian)

100.00

Total 

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

The Company has been mainly in the following business during the year

  • Broadcasting of Satellite Television Channels uplinked from India in the name TRAVELXP
  • Space Selling agent for other television channels
  • Media Management Services and sale of programs, rights including contents and program feeds. (Registered Activity)
  • Subject is engaged in broadcasting services (Registered Activity and also Confirmed by management)

 

 

Products / Services :

Item Code No.

Products/Services Description

99846310

Broadcasting Services

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

Cheque, NEFT/ RTGS  / Online Transfers

 

 

Purchasing :

Cheque, NEFT/ RTGS  / Online Transfers

 

PRODUCTION STATUS – (NOT AVAILABLE)

 

GENERAL INFORMATION

 

Suppliers :

 

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

T.V Programmers, Radio Channels

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

50 (Approximately)

 

 

Bankers :
  • Deutsche Bank

Banker Name :

SVC Co-operative Bank Limited

Branch :

Maker Tower 'E', First Floor, Cuffe Parade, Mumbai-400005, Maharashtra, India

Person Name (With Designation) :

--

Contact Number :

--

Name of Account Holder :

--

Account Number :

--

Account Since (Date/Year of Account Opening) :

--

Average Balance Maintained :

--

Credit Facilities Enjoyed (CC/OD/Term Loan) :

--

Account Operation :

--

Remark :

--

 

 

Facilities :

Secured Loan

31.03.2017

(INR in Million)

31.03.2016

(INR in Million)

Long-term Borrowings

 

 

Term loan from SVC Co-operative Bank Limited

1.908

2.484

Term Loan from Deutsche Bank

23.137

23.946

Less: Current maturities of loan includes in current liabilities

(1.524)

(1.352)

 

 

 

Short-term borrowings

 

 

Working capital limits from bank

33.269

34.727

Total

56.790

59.805

 

Auditors :

 

Name :

Rawani and Company

Chartered Accountants

Address :

B-206, Hinal Heritage, Patel Wadi, S.V.P. Road, Borivali (West), Mumbai -400092, Maharashtra, India

Income-tax PAN of auditor or auditor's firm :

AARFR6928D

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Holding company:
  • Travelxp India Private Limited (CIN No.: U63040MH2009PTC191030)

 

 

Associate
  • Perfect Monitoring Services Private Limited

(CIN No.: U74130MH1998PTC114665)

  • Travelxp Limited
  • Media Worldwide Limited
  • Media worldwide UK Private Limited
  • Music Network India Private Limited
  • Stawberry Productions Private Limited

 

 

Subsidiary:

  • Travelxp India Private Limited

 

 

CAPITAL STRUCTURE

 

As on 31.08.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

750000

Equity Shares

INR 10/- each

INR 7.500 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

750000

Equity Shares

INR 10/- each

INR 7.500 Million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are INR Million]

 

ABRIDGED BALANCE SHEET (STANDALONE)

 

SOURCES OF FUNDS

 

31.03.2017

31.03.2016

31.03.2015

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

7.500

7.500

7.500

(b) Reserves & Surplus

56.302

45.487

41.687

(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)

63.802

52.987

49.187

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

23.521

25.078

26.386

(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

1.142

0.847

0.679

Total Non-current Liabilities (3)

24.663

25.925

27.065

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

33.269

34.727

34.912

(b) Trade payables

61.416

44.915

35.800

(c) Other current liabilities

54.667

57.931

58.441

(d) Short-term provisions

2.370

0.361

0.241

Total Current Liabilities (4)

151.722

137.934

129.394

 

 

 

 

TOTAL

240.187

216.846

205.646

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

21.612

14.914

19.049

(ii) Intangible Assets

1.907

0.714

0.969

(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

114.775

111.895

104.922

(c) Deferred tax assets (net)

0.660

1.463

0.951

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

138.954

128.986

125.891

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

77.802

63.942

61.681

(c) Trade receivables

11.420

6.484

7.225

(d) Cash and cash equivalents

1.534

3.426

3.672

(e) Short-term loans and advances

10.477

14.008

7.177

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

101.233

87.860

79.755

 

 

 

 

TOTAL

240.187

216.846

205.646

 

 

PROFIT & LOSS ACCOUNT (STANDALONE)

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Income

107.857

68.401

112.524

 

Other Income

1.004

2.623

0.231

 

TOTAL

108.861

71.024

112.755

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Increase / (Decrease) in Inventories

(13.860)

(2.260)

27.929

 

Employees benefits expense

26.013

12.819

7.386

 

Other expenses

24.311

14.037

37.818

 

Operational Expenses

50.321

32.178

28.930

 

TOTAL

86.785

56.774

102.063

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

22.076

14.250

10.692

 

 

 

 

 

Less

FINANCIAL EXPENSES

3.610

2.503

1.069

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

18.466

11.747

9.623

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

2.678

5.741

2.830

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

15.788

6.006

6.793

 

 

 

 

 

Less

TAX

4.882

2.116

2.267

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

10.906

3.890

4.526

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

14.54

5.19

6.03

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2017

31.03.2016

31.03.2015

Current Maturities of Long term debt

1.524

1.352

1.207

Cash generated from operations

16.598

11.258

(11.126)

Net cash flows from (used in) operations

NA

NA

NA

Net cash flows from (used in) operating activity

12.517

8.631

1.207

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

38.65

34.60

23.44

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

9.44

10.55

15.57

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

0.28

0.22

0.17

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

0.94

0.91

0.53

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.74

0.76

0.76

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.91

1.15

1.27

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

2.38

2.60

2.63

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.37

0.29

0.41

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

6.12

5.69

10.00

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

((PAT / Sales) * 100)

%

10.11

5.69

4.02

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

4.54

1.79

2.20

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

17.09

7.34

9.20

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

0.67

0.64

0.62

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

0.15

0.17

0.14

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.27

0.24

0.24

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

7.78

8.15

6.97

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

0.67

0.64

0.62

 

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

7.500

7.500

7.500

Reserves & Surplus

41.687

45.487

56.302

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

0.000

0.000

0.000

Net worth

49.187

52.987

63.802

 

 

 

 

long-term borrowings

26.386

25.078

23.521

Short term borrowings

34.912

34.727

33.269

Current maturities of long-term debts

1.207

1.352

1.524

Total borrowings

62.505

61.157

58.314

Debt/Equity ratio

1.271

1.154

0.914

 

 

 

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

112.524

68.401

107.857

 

 

(39.212)

57.683

 

 

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

112.524

68.401

107.857

Profit

4.526

3.890

10.906

 

4.02%

5.69%

10.11%

 

 

 

ABRIDGED BALANCE SHEET (CONSOLIDATED)

 

SOURCES OF FUNDS

 

31.03.2017

31.03.2016

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

 

7.500

7.500

(b) Reserves & Surplus

 

51.394

41.272

(c) Money received against share warrants

 

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

 

0.000

0.000

(3) Minority Interest

 

(0.470)

(0.554)

Total Shareholders’ Funds (1) + (2)

 

58.424

48.218

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

 

23.521

25.078

(b) Deferred tax liabilities (Net)

 

0.000

0.000

(c) Other long term liabilities

 

0.000

0.000

(d) long-term provisions

 

1.335

0.847

Total Non-current Liabilities (3)

 

24.856

25.925

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

 

33.269

49.365

(b) Trade payables

 

66.104

40.644

(c) Other current liabilities

 

69.702

69.520

(d) Short-term provisions

 

2.444

0.466

Total Current Liabilities (4)

 

171.519

159.995

 

 

 

 

TOTAL

 

254.799

234.138

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

 

22.222

15.825

(ii) Intangible Assets

 

2.625

1.699

(iii) Capital work-in-progress

 

0.000

0.000

(iv) Intangible assets under development

 

0.000

0.000

(b) Non-current Investments

 

113.870

113.996

(c) Deferred tax assets (net)

 

7.930

9.884

(d)  Long-term Loan and Advances

 

0.000

0.000

(e) Other Non-current assets

 

0.000

0.000

Total Non-Current Assets

 

146.647

141.404

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

 

0.000

0.000

(b) Inventories

 

77.802

63.942

(c) Trade receivables

 

19.065

8.188

(d) Cash and cash equivalents

 

2.250

3.916

(e) Short-term loans and advances

 

9.035

16.688

(f) Other current assets

 

0.000

0.000

Total Current Assets

 

108.152

92.734

 

 

 

 

TOTAL

 

254.799

234.138

 

 

PROFIT & LOSS ACCOUNT (CONSOLIDATED)

 

 

PARTICULARS

 

31.03.2017

31.03.2016

 

SALES

 

 

 

 

Income

 

181.003

150.216

 

Other Income

 

1.026

3.338

 

TOTAL

 

182.029

153.554

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Increase / (Decrease) in Inventories

 

(13.860)

(2.261)

 

Employees benefits expense

 

31.091

21.136

 

Other expenses

 

28.541

17.104

 

Operational Expenses

 

112.504

106.443

 

TOTAL

 

158.276

142.422

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

 

23.753

11.132

 

 

 

 

 

Less

FINANCIAL EXPENSES

 

6.483

3.931

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

 

17.270

7.201

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

 

3.244

6.818

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

 

14.026

0.383

 

 

 

 

 

Less

TAX

 

3.730

0.258

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

 

10.296

0.125

 

 

 

 

 

 

 

 

 

 

 

 Share attributable to minority interest

 

(0.084)

0.099

 

 

 

 

 

 

PROFIT AFTER MINORITY INTEREST

 

10.212

0.224

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

 

13.73

0.17

 

 

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

Yes

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

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

Yes

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

Yes

35]

Negative Reporting by Auditors in the Annual Report

No

 

 

CORPORATE INFORMATION

 

The company is incorporated in the state of Maharashtra, India in the year 1996, domiciled in india with registered office in Mumbai, Maharashtra, India. The Company has been mainly in the following business during the year

a. Broadcasting of Satellite Television Channels uplinked from India in the name TRAVELXP

b. Space Selling agent for other television channels

c. Media Management Services and sale of programs, rights including contents and program feeds.

 

INDEX OF CHARGES

SNo

SRN

Charge Id

Charge Holder Name

Date of Creation

Date of Modification

Date of Satisfaction

Amount

Address

1

G53239596

100122265

SVC CO-OPERATIVE BANK LIMITED

22/02/2017

-

-

956000.0

MAKER TOWER 'E', FIRST FLOOR,CUFFE PARADE MUMBAI-400005 MAHARASHTRA INDIA

2

C57203432

10577269

THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED

14/11/2014

-

-

3100000.0

SVC TOWER, NEHRU ROAD,VAKOLA, SANTACRUZ (EAST) MUMBAI-400055 MAHARASHTRA INDIA

3

A98075849

10250013

THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED

28/10/2010

-

-

50000000.0

MAKER TOWER 'E' , 1ST FLOOR,CUFFE PARADE, MUMBAI-400005 MAHARASHTRA INDIA

 

FIXED ASSETS

  • Computer and Printer
  • Furniture and Fixture
  • Vehicle
  • Office Equipment
  • Electrical Installation
  • Shooting and Production on assets

 

 

 

 

 

 

 

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 67.52

UK Pound

1

INR 91.48

Euro

1

INR 80.52

 

 

INFORMATION DETAILS

 

Information Gathered by :

SHRY

 

 

Analysis Done by :

DIV

 

 

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)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.