|
|
|
MIRA INFORM REPORT
|
Report No. : |
510343 |
|
Report Date : |
21.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
PAB ORGANICS PRIVATE LIMITED |
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|
|
|
Registered
Office : |
904-905, Atlantis Heights, Dr. Vikram Sarabhai Marg, Vadi Wadi, Vadodara-390023, Gujarat |
|
Tel. No.: |
91-265-2338098 |
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|
|
|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2017 |
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|
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Date of
Incorporation : |
21.02.2000 |
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|
|
|
Com. Reg. No.: |
04-037397 |
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|
|
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Capital
Investment / Paid-up Capital : |
INR 16.900 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U24119GJ2000PTC037397 |
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|
|
|
IEC No.: [Import-Export Code No.] |
3400000337 |
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|
|
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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TIN No: |
Not Divulged |
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|
|
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TAN No.: [Tax Deduction &
Collection Account No.] |
BRDP01087C |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCP8169R |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Manufacturing of Organic and Inorganic Chemical Compounds. (Registered Activity) Note: Line of business is updated as per latest annual report 2017. |
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|
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No. of Employees
: |
Note: Not Divulged [We tried to confirm the number of employees but no one is ready to part any information from the company 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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 320000 |
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|
|
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2000. The company is engaged in manufacturing
of the fine chemicals and pharmaceutical intermediates. As per the financial records of 2017, the company has achieved 3%
growth in its revenue as compared to the previous year and has reported an
average net profit margin of 2.73%. The company possesses satisfactory financial position marked by
adequate net worth base along with acceptable debt balance sheet profile. Business is active. Payments to be usually correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition. Note: Information regarding No. of Employee, Import & Export, Payments
Terms and Customer’s & Suppliers are not available from any sources and
management also denied to provide the information on the same. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Loans=BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk |
|
Date |
09.05.2018 |
|
|
|
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Loans =A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk |
|
Date |
09.05.2018 |
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 DENIED BY
|
Name : |
Ms. Hinal Shah |
|
Designation : |
Accountant Head |
|
Contact No.: |
91-265-2338098 |
|
Date : |
18.05.2018 |
LOCATIONS
|
Registered Office : |
904-905, Atlantis Heights, Dr. Vikram Sarabhai Marg, Vadi-Wadi, Vadodara-390023, Gujarat, India |
|
Tel. No.: |
91-265-2338098/ 2359662/ 2338736 |
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Fax No.: |
91-265-2332933 |
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E-Mail : |
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Website : |
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Factory : |
Plot No. 101-103, GIDC Nandesari, District Vadodara – 391340, Gujarat,
India |
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Tel. No.: |
91-265-2841248 |
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Fax No.: |
91-265-2332933 |
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E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Alok Vishwanath Maheshwary |
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|
Designation : |
Director |
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Address : |
201/202, Samprat, 52-Alkapuri, Vadodara – 390007, Gujarat, India |
||||||||
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Date of Birth/Age : |
28.06.1961 |
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Date of Appointment : |
21.02.2000 |
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DIN No.: |
00292995 |
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Other Directorship:
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||||||||
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Name : |
Mr. Pankaj Vishwanath Maheshwary |
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Designation : |
Managing director |
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Address : |
400, Atlantic IV, Near Nathubhai Centre, Vadodara – 390007, Gujarat,
India |
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Date of Birth/Age : |
23.03.1960 |
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Date of Appointment : |
21.02.2000 |
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DIN No.: |
00293068 |
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Other Directorship:
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|
||||||||
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Name : |
Mr. Narendrabhai Chandubhai Patel |
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Designation : |
Director |
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|
Address : |
C-22, Mangalya Park, Society Harni Varasiya Ring Road, Vadodara –
390006, Gujarat, India |
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Date of Birth/Age : |
04.05.1958 |
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Date of Appointment : |
16.04.2007 |
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DIN No.: |
00978078 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Ms. Hinal Shah |
|
Designation : |
Accountant Head |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Pankaj Maheshwary |
|
416620 |
|
Alok Maheshwary |
|
466700 |
|
Vimla Maheshwary |
|
60000 |
|
Anurag Maheshwary |
|
50000 |
|
Urwashi Maheshwary |
|
50000 |
|
Gujarat Sulphites Limited, India |
|
250000 |
|
Pankaj Maheshwary HUF |
|
50000 |
|
Alok Maheshwary HUF |
|
50000 |
|
Suman Maheshwary |
|
50000 |
|
Vishwanath and Sons HUF |
|
50000 |
|
Jaydeepkumar N.Shah |
|
80 |
|
Siddharth Maheshwary |
|
50000 |
|
Yashowardhan Maheshwary |
|
50000 |
|
Vaibhav Maheshwary |
|
46600 |
|
Sweta Maheshwary |
|
50000 |
|
Total |
|
1690000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
85.21 |
|
Promoters (Body corporate) |
14.79 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Manufacturing of Organic and Inorganic Chemical Compounds. (Registered Activity) Note: Line of business is updated as per latest annual report 2017. |
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Products / Services
(As
on 31.03.2017) |
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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 : |
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
: |
Note: Not Divulged [We tried to confirm the number of employees but no one is ready to part any information from the company management] |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
O. P. Rathi and Company Chartered Accountants |
|
Address : |
102-103, Shivani Flats, B/H Bank of India, Ellora Park, Vadodara –
390023, Gujarat, India |
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Tel. No.: |
91-265-2387747/ 2387757 |
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Fax No.: |
91-265-2392665 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AEXPS9841N |
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|
|
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Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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|
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|
Entities over key managerial personal are able to exercise their
influence: |
|
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1700000 |
Equity Shares |
INR 10/- each |
INR 17.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1690000 |
Equity Shares |
INR 10/- each |
INR 16.900 Million |
FINANCIAL DATA
[all figures are
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 |
16.900 |
16.900 |
16.900 |
|
(b) Reserves & Surplus |
96.808 |
78.003 |
63.032 |
|
(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) |
113.708 |
94.903 |
79.932 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
54.360 |
60.204 |
61.463 |
|
(b) Deferred tax liabilities (Net) |
2.424 |
2.635 |
2.417 |
|
(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) |
56.784 |
62.839 |
63.880 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
78.567 |
58.456 |
95.843 |
|
(b) Trade
payables |
102.161 |
78.449 |
102.213 |
|
(c) Other
current liabilities |
12.694 |
18.244 |
8.521 |
|
(d) Short-term
provisions |
15.355 |
16.140 |
7.826 |
|
Total Current
Liabilities (4) |
208.777 |
171.289 |
214.403 |
|
|
|
|
|
|
TOTAL |
379.269 |
329.031 |
358.215 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
86.246 |
90.436 |
76.411 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.032 |
0.033 |
0.033 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
86.278 |
90.469 |
76.444 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.203 |
0.003 |
0.000 |
|
(b)
Inventories |
51.640 |
76.362 |
43.951 |
|
(c) Trade
receivables |
215.511 |
131.250 |
188.436 |
|
(d) Cash
and cash equivalents |
6.514 |
5.664 |
8.209 |
|
(e) Short-term
loans and advances |
19.123 |
25.283 |
41.175 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
292.991 |
238.562 |
281.771 |
|
|
|
|
|
|
TOTAL |
379.269 |
329.031 |
358.215 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
688.746 |
668.679 |
532.228 |
|
|
Other Income |
0.500 |
0.538 |
13.222 |
|
|
TOTAL |
689.246 |
669.217 |
545.450 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
446.032 |
482.794 |
365.929 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
26.396 |
(32.958) |
10.401 |
|
|
Employees benefits
expense |
36.584 |
31.924 |
18.926 |
|
|
Other expenses |
122.761 |
128.558 |
99.024 |
|
|
TOTAL |
631.773 |
610.318 |
494.280 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
57.473 |
58.899 |
51.170 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
13.611 |
20.692 |
17.584 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
43.862 |
38.207 |
33.586 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
14.468 |
14.837 |
18.140 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
29.394 |
23.370 |
15.446 |
|
|
|
|
|
|
|
Less |
TAX |
10.590 |
8.399 |
5.154 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
18.804 |
14.971 |
10.292 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
9.248 |
8.256 |
38.460 |
|
|
TOTAL EARNINGS |
9.248 |
8.256 |
38.460 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
268.071 |
274.013 |
148.320 |
|
|
TOTAL IMPORTS |
268.071 |
274.013 |
148.320 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
11.13 |
8.86 |
6.09 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
7.375 |
8.191 |
6.831 |
|
Cash generated from operations |
40.974 |
242.678 |
12.604 |
|
Net cash flows from (used in) operating activity |
40.974 |
242.678 |
12.604 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
114.21 |
71.64 |
129.23 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.20 |
5.09 |
2.82 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
83.60 |
59.31 |
101.95 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.11 |
0.77 |
1.16 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.67 |
0.65 |
0.67 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.71 |
0.73 |
0.79 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.23 |
1.34 |
2.05 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.84 |
1.80 |
2.68 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.76 |
0.95 |
0.96 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
4.22 |
2.85 |
2.91 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
2.73 |
2.24 |
1.93 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
4.96 |
4.55 |
2.87 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
16.54 |
15.78 |
12.88 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.40 |
1.39 |
1.31 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.16 |
0.95 |
1.11 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.30 |
0.29 |
0.22 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
8.30 |
7.51 |
9.71 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.40 |
1.39 |
1.31 |
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 |
16.900 |
16.900 |
16.900 |
|
Reserves & Surplus |
63.032 |
78.003 |
96.808 |
|
Net
worth |
79.932 |
94.903 |
113.708 |
|
|
|
|
|
|
long-term borrowings |
61.463 |
60.204 |
54.360 |
|
Short term borrowings |
95.843 |
58.456 |
78.567 |
|
Current maturities of long-term
debts |
6.831 |
8.191 |
7.375 |
|
Total
borrowings |
164.137 |
126.851 |
140.302 |
|
Debt/Equity
ratio |
2.053 |
1.337 |
1.234 |
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 |
532.228 |
668.679 |
688.746 |
|
|
|
25.638 |
3.001 |
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 |
532.228 |
668.679 |
688.746 |
|
Profit /(Loss) |
10.292 |
14.971 |
18.804 |
|
|
1.93% |
2.24% |
2.73% |
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 |
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 |
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 |
Yes |
|
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 |
FINANCIAL HIGHLIGHTS
The Company has earned a profit of INR 18.804 million during the year as compared to INR 14.971 million in the previous year.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans from director, relatives and companies |
31.414 |
35.927 |
|
|
|
|
|
Total |
31.414 |
35.927 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G84185909 |
80042107 |
Bank of Baroda |
16/10/2000 |
03/04/2018 |
- |
264400000.0 |
Alkapuri Branch, Vadodara-390007, Gujarat, India |
|
2 |
G85172633 |
80042106 |
Bank of Baroda |
19/07/2000 |
22/03/2018 |
- |
264400000.0 |
Alkapuri Branch, Vadodara-390007, Gujarat, India |
FIXED ASSETS:
Tangible Assets
- Land
- Factory Building
- Office Building
- Plant and Machinery
- Furniture and Fixture
- Office Equipments
- Air Conditioners
- Computers
- Fax Machine
- Motor vehicles
- Electrical Installations
- Factory and Building and Flat
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 67.96 |
|
|
1 |
INR 91.88 |
|
Euro |
1 |
INR 80.28 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
MTN |
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.