|
|
|
MIRA INFORM REPORT
|
Report No. : |
510272 |
|
Report Date : |
21.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
COMPUCOM-CSI SYSTEMS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Magarpatta - Special Economic Zone (SEZ) Level 4, Tower VII,
Magarpatta City, Hadapsar, Pune-411013, Maharashtra |
|
Tel. No.: |
91-20-67247888 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
06.04.2010 |
|
|
|
|
Com. Reg. No.: |
11-135998 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 0.169 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200PN2010PTC135998 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCC9446J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is mainly engaged in providing services such as Support for
Service Desk Field Operations, Network Management, Server Management, Database
Management, Application Customization/ support and other back office
operations. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information declined 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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “CCSI Compusom International Holding
Limited” Mauritius. The company was incorporated in the year 2010. It is engaged in providing Information Technology services. For the financial year 2017, the revenue of the company has increased
by 6.55% along with average profit margin of 11.95%. The sound financial profile of the company is marked by adequate
networth base along with strong debt coverage indicators due to debt free
balance sheet profile. The company has favourable Earning per Share (EPS) of INR 51169.40
against a face value (FV) of INR 10. The rating takes into consideration strong financial and managerial
support that the company receives from its holding entity backed by its well
experienced management team. Business is active. Payment seems to be usually correct. 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
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 DECLINED
MANAGEMENT NON-COOPERATIVE
[Contact No: 91-20-67247888]
LOCATIONS
|
Registered Office : |
Magarpatta - Special Economic Zone (SEZ) Level 4, Tower VII,
Magarpatta City, Hadapsar, Pune-411013, Maharashtra, India |
|
Tel. No.: |
91-20-67247888 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
2nd Floor, Tower 4C, SP Infocity, Manjri Stud
Farm Private Limited, S. No. 209, Pune-Saswad Road, Fursungi, Pune-412308, Maharashtra,
India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Mark Middel |
|
Designation : |
Director |
|
Address : |
1173 Bridlewood Trail Oakville Ontario L6m2l3 CA |
|
Date of Appointment : |
07.11.2011 |
|
DIN No.: |
05124249 |
|
|
|
|
Name : |
Mr. Carlos Ignacio Sagasta Reussi |
|
Designation : |
Director |
|
Address : |
5915 Cabell View Ct Charlotte Nc 282772560 US |
|
Date of Appointment : |
18.05.2016 |
|
DIN No.: |
07520581 |
|
|
|
|
Name : |
Mr. Kenneth Scott Jackowitz |
|
Designation : |
Director |
|
Address : |
9207 Kingsmead Ln Waxhaw Nc 281739084 US |
|
Date of Appointment : |
18.05.2016 |
|
DIN No.: |
07520619 |
|
|
|
|
Name : |
Mr. Shaji Philipose |
|
Designation : |
Wholetime Director |
|
Address : |
Flat No. 202, Building E, Near Darobji Paradise Urban
Space - Ii, Nibm Road, Mohammedwadi, Pune-411028, Maharashtra, India |
|
Date of Appointment : |
16.09.2016 |
|
DIN No.: |
07616696 |
|
|
|
|
Name : |
Mr. Joseph Anthony Kajithan Thirukutumbaraj |
|
Designation : |
Wholetime Director |
|
Address : |
A8 - 404, Park Infinia Bhekrai Nagar, Phursungi, Pune-412308, Maharashtra, India |
|
Date of Appointment : |
21.12.2016 |
|
DIN No.: |
07686216 |
|
|
|
|
Name : |
Mr. Nelson David Bleisch |
|
Designation : |
Additional Director |
|
Address : |
8294 Hawks Gully Ave Delray Beach Florida 334469676 US |
|
Date of Birth/Age : |
22.09.1959 |
|
Date of Appointment : |
17.03.2018 |
|
DIN No.: |
08088862 |
|
|
|
|
Name : |
Mr. Joseph Thomas Lower |
|
Designation : |
Additional Director |
|
Address : |
11774 Calleta Ct Palm Bch Gdns Fl 334181560 US |
|
Date of Appointment : |
21.03.2018 |
|
DIN No.: |
08091591 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
Class A |
Class B |
No. of Shares |
|
CCSI-Compucom International Holding Limited, Mauritius |
6810 |
9896 |
16706 |
|
Compucon Systems Inc, USA |
65 |
104 |
169 |
|
|
|
|
|
|
Total |
6875 |
10000 |
16875 |
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 : |
Subject is mainly engaged in providing services such as Support for
Service Desk Field Operations, Network Management, Server Management, Database
Management, Application Customization/ support and other back office
operations. [Registered Activity] |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
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 : |
---- |
|
|
|
|
Auditors : |
|
|
Name : |
MSKA and Associates Chartered Accountants |
|
Address : |
Floor 6, Building # 1, Cerebrum IT Park, Kalyani Nagar, Pune-411014,
Maharashtra, India |
|
Tel. No.: |
91-20-30064700 |
|
PAN No.: |
AACFK3470E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
CCSI-Compucom International Holding Limited |
|
|
|
|
Ultimate Holding
Company : |
Compucom Systems Inc, USA |
CAPITAL STRUCTURE
AFTER: 30.09.2017
Authorised Capital : INR
0.500 Million
Issued, Subscribed & Paid-up Capital : INR 0.069 Million
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000 |
Equity Shares [Class A] |
INR 10/- each |
INR 0.400 Million |
|
10000 |
Equity Shares [Class B] |
INR 10/- each |
INR 0.100 Million |
|
|
Total |
|
INR 0.500
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6875 |
Equity Shares [Class A] |
INR 10/- each |
INR 0.069 Million |
|
10000 |
Equity Shares [Class B] |
INR 10/- each |
INR 0.100 Million |
|
|
Total |
|
INR 0.169
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 |
0.169 |
0.169 |
0.169 |
|
(b) Reserves & Surplus |
350.901 |
264.562 |
206.652 |
|
(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) |
351.070 |
264.731 |
206.821 |
|
|
|
|
|
|
(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 |
26.625 |
20.392 |
8.720 |
|
Total
Non-current Liabilities (3) |
26.625 |
20.392 |
8.720 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
18.009 |
15.693 |
12.965 |
|
(c)
Other current liabilities |
10.491 |
10.904 |
21.861 |
|
(d)
Short-term provisions |
2.792 |
0.926 |
0.314 |
|
Total
Current Liabilities (4) |
31.292 |
27.523 |
35.140 |
|
|
|
|
|
|
TOTAL |
408.987 |
312.646 |
250.681 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
84.771 |
88.495 |
103.755 |
|
(ii)
Intangible Assets |
1.970 |
2.834 |
2.110 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
16.220 |
1.563 |
4.178 |
|
(d) Long-term Loan
and Advances |
79.120 |
78.545 |
56.288 |
|
(e)
Other Non-current assets |
0.236 |
0.084 |
0.084 |
|
Total
Non-Current Assets |
182.317 |
171.521 |
166.415 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Trade receivables |
71.644 |
73.796 |
1.079 |
|
(d)
Cash and cash equivalents |
150.173 |
54.391 |
59.589 |
|
(e)
Short-term loans and advances |
4.853 |
12.938 |
23.598 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
226.670 |
141.125 |
84.266 |
|
|
|
|
|
|
TOTAL |
408.987 |
312.646 |
250.681 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
722.329 |
677.871 |
599.274 |
|
|
|
Other Income |
1.171 |
0.233 |
1.291 |
|
|
|
TOTAL |
723.500 |
678.104 |
600.565 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
472.922 |
421.802 |
390.128 |
|
|
|
Other expenses |
142.679 |
157.567 |
150.161 |
|
|
|
CSR Expenditure |
2.172 |
0.340 |
0.000 |
|
|
|
Prior Period Adjustments (net) |
3.777 |
(4.746) |
0.594 |
|
|
|
TOTAL |
613.996 |
584.455 |
540.873 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
109.504 |
93.649 |
59.692 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
109.504 |
93.649 |
59.692 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
23.571 |
21.967 |
26.836 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
85.933 |
71.682 |
32.856 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(0.406) |
13.772 |
(1.240) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
86.339 |
57.910 |
34.096 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB value of export of services |
708.767 |
665.223 |
NA |
|
|
TOTAL EARNINGS |
708.767 |
665.223 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
3.852 |
2.253 |
NA |
|
|
TOTAL IMPORTS |
3.852 |
2.253 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
5116.40 |
3431.71 |
2020.50 |
|
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 Operating Activities |
133.463 |
29.099 |
128.024 |
|
|
|
|
|
|
Cash flow from Operating Activities |
116.477 |
6.235 |
111.819 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
36.20 |
39.74 |
0.66 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
10.08 |
9.19 |
555.40 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.26 |
1.03 |
0.56 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.08 |
0.09 |
0.14 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.09 |
0.10 |
0.17 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.25 |
0.34 |
0.51 |
|
|
|
|
|
|
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) |
% |
11.95 |
8.54 |
5.69 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
21.11 |
18.52 |
13.60 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
24.59 |
21.88 |
16.49 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
7.24 |
5.13 |
2.40 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
7.24 |
5.13 |
2.40 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.86 |
0.85 |
0.83 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
7.24 |
5.13 |
2.40 |
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 |
0.169 |
0.169 |
0.169 |
|
Reserves & Surplus |
206.652 |
264.562 |
350.901 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
206.821 |
264.731 |
351.070 |
|
|
|
|
|
|
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 |
599.274 |
677.871 |
722.329 |
|
|
|
13.115 |
6.558 |
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 |
599.274 |
677.871 |
722.329 |
|
Profit |
34.096 |
57.910 |
86.339 |
|
|
5.69% |
8.54% |
11.95% |
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 |
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 |
-- |
|
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
CORPORATE
INFORMATION
The company is a private company domiciled in India and incorporated
under the provisions of the companies Act, 1956 (the Act). The company is wholly
owned (indirect) subsidiary of Compucom Systems Inc and (direcil subsidiary of
CCSI- Compucom International holding Limited, Mauritius. The company is mainly
engaged in providing services such as Support for Service Desk Field
Operations, Network Management, Server Management, Database Management,
Application Customization/ support and other back office operations.
OPERATIONS AND STATE
OF COMPANY'S AFFAIRS
The Company is mainly engaged in providing services such as support for service desk, field operations, network management, server management, database management, application customisation support and other back office operations.
Discussion on state of Company's affairs has been covered in the para of financial summary.
REVIEW OF BUSINESS OPERATIONS AND FUTURE
PROSPECTS:
The directors are pleased to state here that the performance of the Company in the year was commendable and are optimistic about Company's business and hopeful of better performance with increased revenue in future.
FIXED ASSETS:
Tangible Assets
·
Office Equipment
·
Computer Equipments
·
Furniture and Fixtures
·
Servers and Networks
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 67.96 |
|
UK Pound |
1 |
INR 91.88 |
|
Euro |
1 |
INR 80.28 |
INFORMATION DETAILS
|
Information Gathered
by : |
RUB |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
IND |
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.