|
|
|
MIRA INFORM REPORT
|
Report No. : |
474687 |
|
Report Date : |
21.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
ESS KAY ENGINEERS |
|
|
|
|
Registered
Office : |
FCA-3681, SGM Nagar, NIT Faridabad – 121001, Haryana |
|
Mobile No.: |
91-9811373787 [Mr. Bharat Lachman Dass Kathuria] |
|
Website : |
Not Available |
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|
|
|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Year of
Establishment : |
20.06.1988 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 150.415 Lacs |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Available |
|
|
|
|
GSTIN/UIN: [Goods & Service Tax
Registration No.] |
06ABFPK5224L1ZN |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
ABFPK5224L |
|
|
|
|
SSI
Reg. No.: |
051213123 |
|
|
|
|
Shop &
Establishment Certificate No.: |
-- |
|
|
|
|
Udyog Aadhaar
No.: |
-- |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Manufacturer
and Exporter of CNC Precision Turned Auto Components. |
|
|
|
|
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 was
established in the year 1988 as a proprietorship firm and it is having
satisfactory track records. It is a
manufacturer of CNC precision turned auto components. For the
financial year 2017, the firm has achieved decent revenue from operations and
maintained average profitability margin of 2.67%. Rating
takes into consideration firm’s sound financial risk profile marked by
adequate capital base and average debt balance sheet. The firm
also derives strength from its long standing track records of business
operations and comfortable liquidity position. Trade
relations are reported as fair. Business is active. Payment terms are seems
to be usually correct. In view of
aforesaid, the firm can be considered for business dealings at usual trade terms
and conditions. Note: Site visit
was conducted at the registered address of the firm. Our executive has
successfully traced the firm on the given address. At the
premises our executive met to Mr. Bharat Kathuria (Proprietor) of the firm. As per our
executive observation, location of the firm is difficult to find. Landmark
was near Raja chowk. It is a 2 storey building and whole premises belong to
the firm. Locality appears to be industrial. Area seems to be neutral. Area of the
premises was 3600 (SQ.FT. approx.) and 50 employees were sighted into
premises. Name board
of the firm was sighted at the given address. Further, our executive also enquired from neighbouring entity i.e Mr. Ravi (Shree Ambey iron Steel Industries) and Mr. Ajay Madan (Madaan Milling) and they were also confirmed that firm exists on given address. |
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 (30.06.2017) |
Current Rating (30.09.2017) |
|
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 19.05.2018.
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
|
Name : |
Mr. Bharat Lachman Dass Kathuria |
|
Designation : |
Proprietor |
|
Contact No.: |
91-8130601222 |
|
Date : |
19.05.2018 |
LOCATIONS
|
Registered Office/Factory : |
FCA-3681, SGM Nagar, NIT Faridabad – 121001, Haryana, India |
|
Tel. No.: |
Not Available |
|
Mob. No.: |
91-9811373787 [Mr. Bharat Lachman Dass Kathuria] 91-8130601222 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
3600 sq. ft. [At Site] |
|
Locality : |
Industrial [At Site] |
SOLE PROPRIETOR
|
Name : |
Mr. Bharat Lachman Dass Kathuria |
|
Designation : |
Proprietor |
|
Address : |
House No. B-558, Sainik Colony, Sector-49, Faridabad NIT, Faridabad –
121001, Haryana, India |
|
Aadhaar No.: |
7617 6257 0339 |
|
Date of Birth/Age : |
20.06.1970 |
|
PAN No.: |
ABFPK5224L |
|
Mob. No.: |
91-8130601222 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
and Exporter of CNC Precision Turned Auto Components. |
|
|
|
|
Products : |
CNC
Precision Turned Auto Components |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Product : |
CNC
Precision Turned Auto Components |
|
Country : |
United States of America |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
Local : Credit (30 /60 days) Overseas: Credit (30 /60 days) |
|
|
|
|
Purchasing : |
Credit (30 / 60 days) |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Manufacturer
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No. of Employees : |
50 (Approximately) |
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Bankers : |
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Girdhar and Associates Chartered Accountants |
|
|
|
|
Auditors : [AS ON 31.03.2017] |
|
|
Name : |
Pradeep Bansal and Company Chartered Accountants |
|
Membership No.: |
084980 |
|
|
|
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Membership : |
Not Available |
|
|
|
|
Sister Concern : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2017
|
Particulars |
[INR in Lacs] |
|
|
Proprietor’s
Capital Account |
|
|
|
Bharat Kathuria |
|
|
|
Opening Capital |
138.386 |
|
|
Add: Addition during the year (Net) |
20.770 |
|
|
Add: Net Profit |
8.461 |
|
|
|
167.617 |
|
|
Less: Drawing |
17.202 |
|
|
|
|
|
|
Total |
|
150.415 |
FINANCIAL DATA
[all figures are
INR Lacs]
Note: Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
EQUITY
AND LIABILITIES |
|
|
|
|
|
1] Share Capital |
|
150.415 |
138.386 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
150.415 |
138.386 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
187.970 |
132.137 |
|
|
2] Unsecured Loans |
|
53.073 |
87.631 |
|
|
TOTAL BORROWING |
|
241.043 |
219.768 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
391.458 |
358.154 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
107.356 |
120.901 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
112.356 |
41.581 |
|
|
Sundry Debtors |
|
149.158 |
127.390 |
|
|
Cash & Bank Balances |
|
14.091 |
7.730 |
|
|
Other Current Assets |
|
80.389 |
0.000 |
|
|
Loans & Advances |
|
111.240 |
148.601 |
|
Total
Current Assets |
|
467.234 |
325.302 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
161.907 |
78.580 |
|
|
Other Current Liabilities and Provision |
|
21.225 |
9.469 |
|
Total
Current Liabilities |
|
183.132 |
88.049 |
|
|
Net Current Assets |
|
284.102 |
237.253 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
391.458 |
358.154 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
316.649 |
311.856 |
|
|
Other Income |
|
24.270 |
36.626 |
|
|
TOTAL |
|
340.919 |
348.482 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
193.954 |
214.004 |
|
|
Consumable Stores |
|
19.846 |
20.962 |
|
|
Electricity Expenses |
|
23.965 |
14.878 |
|
|
Freight and Cartage
Inward |
|
1.672 |
0.351 |
|
|
Generator Running
Expenses |
|
2.238 |
2.290 |
|
|
Job Work Paid |
|
7.563 |
3.854 |
|
|
Loading Charges |
|
0.014 |
0.025 |
|
|
Wages |
|
11.263 |
9.114 |
|
|
Water Expenses |
|
0.901 |
0.744 |
|
|
Accounting Charges |
|
0.285 |
0.250 |
|
|
Advertisement |
|
0.000 |
0.120 |
|
|
Audit Fees |
|
0.450 |
0.400 |
|
|
Car Running Expenses |
|
1.443 |
0.953 |
|
|
Cartage Outward |
|
5.707 |
1.163 |
|
|
Diwali Expenses |
|
1.257 |
0.807 |
|
|
Donation |
|
0.000 |
0.022 |
|
|
Discount |
|
0.334 |
0.000 |
|
|
E.S.I. Employers
Contribution |
|
0.535 |
0.433 |
|
|
P.F. Employers
contribution |
|
1.960 |
2.121 |
|
|
Fluctuation Rate Expenses |
|
0.223 |
0.000 |
|
|
Fumigation Charges |
|
0.105 |
0.000 |
|
|
Handing and Shipping
Charges |
|
0.003 |
0.113 |
|
|
Hundi Expenses |
|
0.731 |
2.574 |
|
|
Inspection Charges |
|
0.270 |
0.000 |
|
|
Insurance Expenses |
|
0.165 |
0.788 |
|
|
TDS Penalty |
|
0.000 |
0.010 |
|
|
Legal and Professional
Charges |
|
1.278 |
1.915 |
|
|
Licence Fees |
|
0.000 |
0.111 |
|
|
SO Certification Charges |
|
0.098 |
0.000 |
|
|
Misc. Expenses |
|
0.016 |
0.008 |
|
|
Packing Material |
|
1.067 |
0.631 |
|
|
Penalty on ESI |
|
0.060 |
0.000 |
|
|
Penalty on TDS Return |
|
0.047 |
0.002 |
|
|
Printing and Stationary |
|
0.000 |
0.276 |
|
|
Rates and Taxes |
|
0.115 |
0.000 |
|
|
Repair and Maintenance |
|
3.883 |
3.719 |
|
|
Salary |
|
15.187 |
14.919 |
|
|
Sales Promotion Expenses |
|
0.875 |
0.000 |
|
|
Staff Welfare |
|
1.442 |
1.417 |
|
|
Short and Excess |
|
0.005 |
0.044 |
|
|
Testing Expenses |
|
0.017 |
0.023 |
|
|
Telephone Expenses |
|
0.730 |
0.725 |
|
|
TOTAL |
|
299.704 |
299.766 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
41.215 |
48.716 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
12.405 |
18.246 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
28.810 |
30.470 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
20.348 |
20.591 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
8.462 |
9.879 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
|
171.93 |
149.10 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
|
2.12 |
2.45 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
|
304.69 |
134.02 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
|
0.37 |
1.17 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
|
0.38 |
0.40 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
|
0.74 |
0.69 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
|
1.60 |
1.59 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
|
1.57 |
1.27 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
|
0.71 |
0.87 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
|
3.32 |
2.67 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
|
2.67 |
3.17 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
|
1.47 |
2.21 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
|
5.63 |
7.14 |
SOLVENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current
Assets / Current Liabilities) |
|
1.98 |
1.85 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
|
1.50 |
1.61 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
|
0.26 |
0.31 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
|
1.60 |
1.59 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
|
1.98 |
1.85 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Lacs]
DEBT EQUITY RATIO
|
Particular |
31.03.2016 |
31.03.2017 |
|
|
INR In Lacs |
INR In Lacs |
|
Share Capital |
138.386 |
150.415 |
|
Reserves & Surplus |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
|
Net worth |
138.386 |
150.415 |
|
|
|
|
|
Secured loan |
132.137 |
187.970 |
|
Unsecured loan |
87.631 |
53.073 |
|
Total borrowings |
219.768 |
241.043 |
|
Debt/Equity ratio |
1.588 |
1.603 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2016 |
31.03.2017 |
|
|
INR In Lacs |
INR In Lacs |
|
Sales |
311.856 |
316.649 |
|
|
|
1.537 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2016 |
31.03.2017 |
|
|
INR In Lacs |
INR In Lacs |
|
Sales |
311.856 |
316.649 |
|
Profit |
9.879 |
8.462 |
|
|
3.17% |
2.67% |
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 |
Yes |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
Yes |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last two years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last two years |
Yes |
|
30 |
Major shareholders, if available |
No |
|
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 |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Unsecured loan |
53.073 |
87.631 |
|
|
|
|
|
Total |
53.073 |
87.631 |
FIXED ASSETS
- Air
Conditioner
- Car
- Computer
- Electric
Fittings
- Generator
- Jeep
- Mobile Phone
- Plant and Machinery
- Plastic Bins
- Ro System
- Scooter
- Tools and
Dies
- Vaccum
Cleaner
- Water Cooler
- Weighing
Machine
|
OBSERVATION POINTS |
|
Name of Company : |
ESS KAY ENGINEERS |
|
|
|
|
Address : |
FCA-3681, SGM Nagar, NIT Faridabad – 121001, Haryana, India |
|
|
|
|
Mobile No.: |
91-9811373787 |
|
|
|
|
Email : |
|
|
|
|
|
Person to whom we met: |
Mr. Bharat Kathuria |
|
|
|
|
Designation : |
Proprietor |
|
|
|
|
Name Board : |
Sighted |
|
|
|
|
Location: |
Difficult |
|
|
|
|
Landmark (If Any): |
Near Raja Chowk |
|
|
|
|
Total Floors of the building: |
2 Floors |
|
|
|
|
Subject situated on: |
Whole Premises belongs to the firm |
|
|
|
|
Locality: |
Industrial |
|
|
|
|
Area of premises : |
3600 (sq. ft.) |
|
|
|
|
Area : |
Neutral |
|
|
|
|
Level of
operation : |
Medium |
|
|
|
|
Details of hypothecation signboard (If Any) (As displayed in factory /
work) : |
NO |
|
|
|
|
No. of employees seen at premises: |
50 |
|
|
|
|
Visibility of Items: |
|
|
|
|
|
Furniture items
sighted : |
Yes |
|
|
|
|
Neighbour’s
interview : |
Name of Company: Shree Ambey Iron and Steel Industries Contact Person Name: Ravi [Shopkeeper] Neighbour’s Overview: Subject Company Exist On Given Address Name Of Company: Madaan Milling Contact Person Name: Ajay Madan Neighbour’s Overview: Existence Confirmed. |
|
|
|
|
Proof of visit: |
Visiting Card / Photograph |
|
|
|
|
Photographs: |
Exterior with name board / Interior / Shop Floor / Stock etc. |
|
|
|
|
Details of the person conducting visit: |
Name: Shyam Chandra Designation: Field Executive Contact no: 91-9953458065 |
PICTURES
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 (as on )
(date of report) : 21.05.2018
No press reports / filings exists on
the subject.
INFORMATION DETAILS
|
Information
Gathered by : |
SUV |
|
|
|
|
Analysis Done by
: |
PRA |
|
|
|
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--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
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.
·