|
|
|
MIRA INFORM REPORT
|
Report No. : |
510138 |
|
Report Date : |
23.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
PANCHKARI KAYAL AND COMPANY |
|
|
|
|
Registered
Office : |
Balitikuri, Surkimill, Howrah -711113, West Bengal |
|
Tel. No.: |
91-33-26531411 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 (Detail Financial) 31.03.2018 (Turnover Figure) |
|
|
|
|
Year of
establishment : |
1980 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 20.212 Million (As on 31.03.2016) |
|
|
|
|
IEC No.: |
Not Applicable (As informed by the management that firm does
not have export and import) |
|
|
|
|
TIN No.: |
19690522082 |
|
|
|
|
CST No.: |
19690522276 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADFP6306R |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
19AADFP6306R1ZN |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Manufacturer of Electrical Overhead Line Materials such as A.B.
Switch, D.O. Fuse, Insulator etc. (Confirmed by management) |
|
|
|
|
No. of Employees
: |
26 (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 |
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|
|
Comments : |
Subject is a partnership firm established in the year 1980 having satisfactory track record. It is a manufacturer of Electrical Overhead line Material such as A.B Switch, D.O Fuse and Insulator. Mr. Sandip Hazra (Assistant Manager) has claimed that firm had achieved sales INR 240.000 million for the FY 2018 and 2017 (which could not be verified) As per available financial record of 2016, the revenue of the firm has increased by 13.72% along with average profit margin of 2.18%. The ratings take into account firm’s decent financial profile with sufficient capital base and comfortable liquidity profile of the firm. Rating also takes into consideration long established track record of the firm. Business is active. Payment seems to be usually correct. In view of aforesaid, the firm can be considered for normal 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.
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 |
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 23.05.2018
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. Sandip Hazra |
|
Designation : |
Assistant Manager |
|
Contact No.: |
91-9831429252 |
|
Date : |
18.05.2018 |
LOCATIONS
|
Registered Office/ Factory : |
Balitikuri, Surkimill, Howrah -711113, West Bengal, India |
|
Tel. No.: |
91-33-26531411 |
|
Mobile No.: |
91-9831429252 (Mr. Sandip Hazra) |
|
Fax No.: |
91-33-26537506 |
|
E-Mail : |
|
|
Area : |
18000 Sq. Ft. |
|
Location : |
Owned |
|
Locality: |
Commercial |
PARTNERS
|
Name : |
Mr. Panchkari Kayal |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. Tapan Kayal |
|
Designation : |
Partner |
KEY
EXECUTIVE
|
Name : |
Mr. Sandip Hazra |
|
Designation : |
Assistant Manager |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Electrical Overhead Line Materials such as A.B.
Switch, D.O. Fuse, Insulator etc. (Confirmed by management) |
|
|
|
|
Products: |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
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|
|
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Exports : |
Not Available |
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|
|
|
Imports : |
Not Available |
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|
|
|
Terms : |
|
|
Selling : |
Advance Payment and Credit (30/60 Days) |
|
|
|
|
Purchasing : |
Advance Payment and Credit (30/60 Days) |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers and Manufacturer
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No. of Employees : |
26 (Approximately) |
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
T. K. Sarkar and Associates Chartered Accountants |
|
Address : |
106/2, Kali Kundu Lane, Howrah-711101, West Bengal, India |
|
Tel. No.: |
91-33-26415266 |
|
Memberships No.: |
017050 |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Sister Concern : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2016
|
Particular |
Amount (INR in
Million) |
|
|
PARTNER’S CAPITAL ACCOUNT |
|
|
|
Panchkari Kayal |
|
|
|
As per Last Account |
7.028 |
|
|
Add: Partner’s Remuneration |
0.600 |
|
|
Add: Interest on Capital |
0.843 |
|
|
Add: Share of Profit |
2.821 |
|
|
Add: Income Tax |
0.000 |
|
|
|
11.292 |
|
|
Less: Drawings |
1.186 |
10.106 |
|
|
|
|
|
Tapan Kayal |
|
|
|
As per Last Account |
7.028 |
|
|
Add: Partner’s Remuneration |
0.600 |
|
|
Add: Interest on Capital |
0.843 |
|
|
Add: Share of Profit |
2.821 |
|
|
Add: Income Tax |
0.000 |
|
|
|
11.292 |
|
|
Less: Drawings |
1.186 |
10.106 |
|
Total |
|
20.212 |
FINANCIAL DATA
[all figures are
in INR Million]
|
Particulars |
|
31.03.2018 |
31.03.2017 |
|
Sales Turnover (Approximately) |
|
240.000 |
240.000 |
|
|
|
|
(Due to
Market Fluctuation) |
The above information has been parted by Mr. Sandip Hazra (Assistant
Manager)
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 |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partners Capital |
20.212 |
14.056 |
8.266 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
20.212 |
14.056 |
8.266 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1.279 |
2.285 |
2.749 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL
BORROWING |
1.279 |
2.285 |
2.749 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
21.491 |
16.341 |
11.015 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
5.233 |
5.858 |
4.234 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
53.472 |
25.210 |
11.705 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
46.072 |
27.584 |
25.661 |
|
|
Sundry Debtors |
42.440 |
46.306 |
71.150 |
|
|
Cash & Bank Balances |
30.363 |
26.484 |
6.610 |
|
|
Other Current Assets |
14.078 |
11.838 |
9.108 |
|
|
Loans & Advances |
0.000 |
0.000 |
0.000 |
|
|
Deposits |
6.492 |
6.493 |
0.652 |
|
Total Current Assets |
139.445 |
118.705 |
113.181 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
173.915 |
130.848 |
116.401 |
|
|
Other Current Liabilities |
0.175 |
0.411 |
0.410 |
|
|
Provisions |
2.569 |
2.173 |
1.294 |
|
Total Current Liabilities |
176.659 |
133.432 |
118.105 |
|
|
Net Current
Assets |
(37.214) |
(14.727) |
(4.924) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
21.491 |
16.341 |
11.015 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Revenue from Operations |
258.440 |
227.250 |
169.208 |
|
|
Other Income |
3.220 |
1.685 |
1.662 |
|
|
TOTAL |
261.660 |
228.935 |
170.870 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
217.199 |
180.903 |
147.662 |
|
|
Consumable Stores |
0.043 |
0.216 |
0.108 |
|
|
Carriage Inward |
4.327 |
2.506 |
2.305 |
|
|
Labour Charges |
0.479 |
1.791 |
0.000 |
|
|
Galvanizing Charges |
1.293 |
6.654 |
0.722 |
|
|
Wages |
0.326 |
0.277 |
0.284 |
|
|
Electric Charges |
0.283 |
0.267 |
0.178 |
|
|
Loading and Unloading
Charges |
0.000 |
0.564 |
0.000 |
|
|
Packing Charges |
0.720 |
1.960 |
0.000 |
|
|
Silver Plating Charges |
0.455 |
1.593 |
0.000 |
|
|
Salaries |
0.274 |
0.264 |
0.270 |
|
|
Bonus |
0.066 |
0.120 |
0.046 |
|
|
Bank Charges & B.G.
Commission |
3.645 |
2.216 |
0.642 |
|
|
Advertisement |
0.006 |
0.010 |
0.032 |
|
|
Accounting Charges |
0.024 |
0.048 |
0.048 |
|
|
Audit Fees |
0.025 |
0.020 |
0.018 |
|
|
Car Insurance |
0.048 |
0.064 |
0.036 |
|
|
Carriage Outward |
7.515 |
6.383 |
5.815 |
|
|
Central Excise Duty |
3.586 |
2.497 |
1.051 |
|
|
Central Excise Penalty |
0.005 |
0.000 |
0.000 |
|
|
Travelling and Conveyance |
0.094 |
0.394 |
0.058 |
|
|
Donation and Subscription |
0.101 |
0.012 |
0.009 |
|
|
Puja Expenses |
0.023 |
0.041 |
0.025 |
|
|
Fooding and Lodging |
0.024 |
0.065 |
0.025 |
|
|
VAT Penalty Charges |
0.000 |
0.097 |
0.000 |
|
|
Tender Fees |
0.000 |
0.012 |
0.024 |
|
|
Testing Charges |
0.398 |
0.394 |
0.677 |
|
|
Commission on Sales |
1.631 |
1.653 |
1.215 |
|
|
Building Repair |
0.027 |
0.000 |
0.000 |
|
|
Repair and Maintenance |
0.000 |
0.071 |
0.023 |
|
|
Discount Allowed |
0.042 |
0.415 |
0.068 |
|
|
Filing Fees |
0.001 |
0.001 |
0.000 |
|
|
Short Payment |
0.068 |
0.000 |
0.000 |
|
|
Interest on Capital |
1.687 |
0.992 |
0.664 |
|
|
Calibration Charges |
0.007 |
0.005 |
0.005 |
|
|
Entertainment |
0.046 |
0.055 |
0.037 |
|
|
Esic Employer's
Contribution |
0.028 |
0.026 |
0.026 |
|
|
General Charges |
0.019 |
0.023 |
0.016 |
|
|
Interest on Entry Tax |
0.010 |
0.000 |
0.003 |
|
|
Interest on Service Tax |
0.002 |
0.017 |
0.003 |
|
|
Interest on TDS |
0.031 |
0.023 |
0.003 |
|
|
Interest on VAT and CST |
0.005 |
0.056 |
0.000 |
|
|
Interest on Esic |
0.002 |
0.000 |
0.000 |
|
|
Interest on Loan |
0.000 |
0.172 |
0.000 |
|
|
Legal Charges |
0.067 |
0.003 |
0.006 |
|
|
Telephone Charges |
0.021 |
0.022 |
0.013 |
|
|
Motor Car Expenses |
0.067 |
0.253 |
0.112 |
|
|
Medical Expenses |
0.003 |
0.000 |
0.000 |
|
|
Penalty Charges |
1.976 |
0.000 |
0.223 |
|
|
Postage and Telegram |
0.012 |
0.034 |
0.033 |
|
|
Printing and Stationery |
0.052 |
0.031 |
0.007 |
|
|
Loan Processing Fees |
0.000 |
0.002 |
0.000 |
|
|
Profession Tax |
0.003 |
0.002 |
0.002 |
|
|
Service Tax |
0.475 |
0.460 |
0.117 |
|
|
Service Tax Penalty |
0.000 |
0.014 |
0.000 |
|
|
Debit Note |
0.000 |
0.000 |
0.232 |
|
|
Tea and Tiffin |
0.037 |
0.036 |
0.030 |
|
|
Trade Licence |
0.002 |
0.001 |
0.001 |
|
|
Sales Promotion |
0.000 |
0.800 |
0.100 |
|
|
Road Tax and Registration
Fees of Car |
0.000 |
0.091 |
0.000 |
|
|
Asst. CST |
0.022 |
0.049 |
0.000 |
|
|
Asst. Vat Tax |
0.012 |
0.389 |
0.000 |
|
|
Godown Rent |
0.000 |
0.090 |
0.000 |
|
|
Insurance |
0.000 |
0.009 |
0.012 |
|
|
Entry Tax |
0.509 |
0.113 |
0.172 |
|
|
Central Sales tax |
3.475 |
3.206 |
2.167 |
|
|
Loss on Sales of Motor
Car |
0.000 |
0.176 |
0.000 |
|
|
Bad Debts |
0.000 |
1.134 |
0.000 |
|
|
NSIC Expenses |
0.041 |
0.000 |
0.000 |
|
|
Partner's Remuneration |
1.200 |
1.320 |
0.600 |
|
|
Network Charges |
0.000 |
0.000 |
0.002 |
|
|
TOTAL |
252.539 |
221.112 |
165.927 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
9.121 |
7.823 |
4.943 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.171 |
0.301 |
0.361 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
8.950 |
7.522 |
4.582 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.740 |
0.737 |
0.623 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
8.210 |
6.785 |
3.959 |
|
|
|
|
|
|
|
Less |
TAX |
2.569 |
2.173 |
1.294 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
5.641 |
4.612 |
2.665 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
59.94 |
74.37 |
153.48 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
6.09 |
4.91 |
2.38 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
292.26 |
264.01 |
287.73 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.20 |
0.28 |
0.19 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.74 |
1.34 |
1.17 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.90 |
0.91 |
0.94 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability /
Networth) |
0.06 |
0.16 |
0.33 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
8.74 |
9.49 |
14.29 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.26 |
0.42 |
0.51 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
53.34 |
25.99 |
13.69 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
2.18 |
2.03 |
1.57 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
2.85 |
3.08 |
2.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
27.91 |
32.81 |
32.24 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.79 |
0.89 |
0.96 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.53 |
0.68 |
0.74 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.10 |
0.09 |
0.06 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.06 |
0.16 |
0.33 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.79 |
0.89 |
0.96 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR In Million) |
(INR In Million) |
(INR In Million) |
|
Partners Capital |
8.266 |
14.056 |
20.212 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
8.266 |
14.056 |
20.212 |
|
|
|
|
|
|
Secured Loan |
2.749 |
2.285 |
1.279 |
|
Unsecured Loan |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
2.749 |
2.285 |
1.279 |
|
Debt/Equity ratio |
0.333 |
0.163 |
0.063 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR In Million) |
(INR In Million) |
(INR In Million) |
|
Sales |
169.208 |
227.250 |
258.440 |
|
|
|
34.302 |
13.725 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR In Million) |
(INR In Million) |
(INR In Million) |
|
Sales |
169.208 |
227.250 |
258.440 |
|
Profit/ (Loss) |
2.665 |
4.612 |
5.641 |
|
|
1.57% |
2.03% |
2.18% |
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 |
No |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
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 |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
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 |
No |
|
26 |
Turnover of firm for last five years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three 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 |
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 67.52 |
|
|
1 |
INR 91.48 |
|
Euro |
1 |
INR 80.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
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 |
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
·
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.