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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

510834

Report Date :

29.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

NITYACHAITANYA HOSPITALITY PRIVATE LIMITED

 

 

Registered Office :

Industrial Gala No.28 and 29, Ground Floor, Shivkrupa Industrial Premises Co-Operative Housing Society Limited, Vikhroli West, Mumbai – 400083, Maharashtra

Tel No.:

91-22-49741380

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

11.07.2012

 

 

Com. Reg. No.:

11-233264

 

 

Capital Investment / Paid-up Capital :

INR 1.000 Million

 

 

CIN No.:

[Company Identification No.]

U15122MH2012PTC233264

 

 

IEC No.:

[Import-Export Code No.]

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

 

 

GSTN :

[Goods & Service Tax Registration No.]

27AAECN0508K1ZJ

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAECN0508K

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :
  • Subject is engaged in the business of supply of technical skilled and unskilled manpower. [Registered activity]

 

  • Providing Catering and Hospitality Services. [Confirmed by management]

 

 

No. of Employees :

200 (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

 

Maximum Credit Limit :

USD 66000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated in the year 2012 and it is having good track records.
It is engaged in the business of providing catering and hospitality services.


For the financial year 2017, the company has increased its revenue from operations as compared to previous year and maintained average profitability margin of 4.83%.


Rating takes into consideration sound financial profile of the company marked by adequate networth base and average debt balance sheet.


Further, rating also derives strength from improvement in the revenue as well as profitability profile during the year and comfortable liquidity position.


Trade relations are reported as fair. Business is active. Payments are seems to be regular.


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


Note:  Site visit was conducted at the address which you have provided. Our executive has successfully traced the company on the given address.


At the premises our executive met Mr. Nitish Shetty (Director) of the company.


As per our executive observation, location of the Company is easy to find. Land mark is Near Home Town.  It is 2 storey building and the firm is situated on ground floor. Locality of the firm appears to be industrial and area seems to be upmarket.


15 employees (Approx.) were sighted into premises.


Name board of the firm was sighted at the 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

(30.09.2017)

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

 

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 29.05.2018

 

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 :

Madam Kavita

Designation :

Accounts Head

Contact No.:

91-22-49741380

Date :

24.05.2018

 

 

LOCATIONS

 

Registered Office :

Industrial Gala No.28 and 29, Ground Floor, Shivkrupa Industrial Premises Co-Operative Housing Society Limited, Vikhroli West, Mumbai – 400083, Maharashtra, India

Tel. No.:

91-22-49741380

Mobile No.:

91-9820681280 (Mr. Vinod Kadvaikar)

91-8108902111 (Mr. Ranjan Shetty)

91-9594026114 (Mr. Nitish Kumar Narasimha Shetty)

Fax No.:

Not Available

E-Mail :

info@nityaworld.com

nityachetan@yahoo.com

Website :

www.nityaworld.com

Area :

3000 Sq. ft.

Location :

Rented

Locality :

Industrial

 

 

Branch Office:

Plot No. 47, Sector 13, Near CNG Pump, Nerul, Navi Mumbai – 400706, Maharashtra, India

Location :

Rented

Locality :

Industrial 

 

 

DIRECTORS

 

AS ON 31.03.2017

 

Name :

Mr. Nitish Kumar Narasimha Shetty

Designation :

Director

Address :

Room No 377/441, Block No. 4 Tagorenager, Vikhroli East, Mumbai – 400083, Maharashtra, India

Date of Birth/Age :

11.11.1975

Date of Appointment :

11.07.2012

DIN No.:

03456433

PAN No.:

AIBPS4023R

 

 

Name :

Mrs. Rachana N Shetty

Designation :

Director

Address :

A-13/503, Happy Vally Near Tikujiniwadi, Manpada Thane West Thane -400607, Maharashtra, India

Date of Birth/Age :

07.06.1986

Date of Appointment :

11.07.2012

DIN No.:

05205917

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U55204MH2015PTC267358

SYNERGY NUTRIENTS FOOD SERVICES PRIVATE LIMITED

10/08/2015

-

 

 

Name :

Mr. Sandeep Poornaji Daund

Designation :

Director

Address :

B/22, Rashtrasarathi Dindayal Nagar, Navghar Road, Mulund–East, Mumbai 400081, Maharashtra, India

Date of Appointment :

01.02.2017

DIN No.:

07691893

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U74120MH2013PTC249032

AISHRAJ VENTURES PRIVATE LIMITED

06/03/2017

-

 

 

KEY EXECUTIVES

 

Name :

Madam Kavita

Designation :

Accounts Head

 

 

Name :

Mr. Vinod Kadvaikar

Designation :

Accounts Executive

 

 

Name :

Mr. Ranjan Shetty

Designation :

Finance Controller

 

 

MAJOR SHAREHOLDERS

 

AS ON 29.05.2018

 

Names of Shareholders

 

% Holding 

Nitish Kumar Narasimha Shetty

 

45.00

Rachana N Shetty

 

5.00

Pravin Pundlik Sawant

 

17.00

Bhavani Bhujanga Shetty

 

33.00

Total

 

100.00

 

 

AS ON 28.09.2015

 

Names of Shareholders

 

No. of Shares

Nitish Kumar Narasimha Shetty

 

50000

Rachana N Shetty

 

50000

Total

 

100000

 

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 28.09.2015

 

Category

Percentage

Promoters- Individual/Hindu Undivided Family- Indian

100.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :
  • Subject is engaged in the business of supply of technical skilled and unskilled manpower. [Registered activity]

 

  • Providing Catering and Hospitality Services. [Confirmed by management]

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

Cash, Advance Payment and Cheque

 

 

Purchasing :

Cash, Advance Payment and Cheque

 

 

PRODUCTION STATUS – (NOT AVAILABLE)

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

Wholesalers, Retailers, End Users

 

Reference :

P & G Procter and Gamble Hygiene Healthcare Private Limited

Name of the Person :

Mr. Ijaz Shaikh (Senior Manager Admin)

Contact No.:

91-9833282123

Since How Long Known :

6 Years

Maximum Limit Dealt :

--

Experience :

Services

Overall

Good

Good

Remark:

They gave us positive response about subject company, they are satisfied with their services. 

 

Reference :

Capgemini Technology Services India Limited

Name of the Person :

Mr. Santosh Sinha (Manager)

Contact No.:

91-9930495226

Since How Long Known :

10 Years

Maximum Limit Dealt :

--

Experience :

Services

Overall

Good

Good

Remark:

They gave us positive response about subject company, they are satisfied with their services. 

 

 

Reference :

Nelson India Private Limited

Name of the Person :

Mr. Nagraj Shetty (Admin Executive)

Contact No.:

91-8898828123

Since How Long Known :

8 Years

Maximum Limit Dealt :

---

Experience :

Services

Overall

Good

Good

Remark:

They gave us positive response about subject company, they are satisfied with their services. 

 

 

No. of Employees :

 200 (Approximately)

 

 

Bankers :

Banker Name :

Bharat Co-Operative Bank Limited

Branch :

Shivkrupa Industrial Estate, LBS Marg, Mumbai, Maharashtra, India

Person Name (With Designation) :

Mrs. Krupa Anchal (Branch Manager)

Contact Number :

91-9833621106

Branch Code:

000066

Name of Account Holder :

Nityachaitanya Hospitality Private Limited

Account Number :

006512100000249

MICR Code:

400112046

IFSC /NEFT/RTGS Code:

BCBM0000066

Account Since (Date/Year of Account Opening) :

2 Years

Average Balance Maintained :

--

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

Current A/C

Account Operation :

Satisfactory

Remark :

They gave us positive response about subject company they are satisfied with their banking transaction.

 

  • State Bank of India, Small and Medium Enterprises, City Credit Centre, Jasmine Co-Operative Housing Society Limited, Kalanagar, Bandra (East), Mumbai - 400051, Maharashtra, India

 

 

Facilities :

(INR In Million)

SECURED LOAN

As on

31.03.2017

As on

31.03.2016

LONG TERM BORROWING

 

 

State Bank Term Loan

0.812

1.421

Vehicle Loan HDFC

0.298

0.590

Vehicle Loan Mahindra

1.000

1.558

Bajaj Finance

1.657

2.107

Capital First

1.629

2.541

HDB Financial Services

0.436

0.624

HDFC Bank

2.030

2.678

ICICI Bank

0.451

1.472

Magma Finance

1.090

1.696

Pravin Sawant

1.460

0.350

Religare Finvest Limited

1.911

2.807

TATA Capital Financial Services Limited

0.462

1.889

SHORT TERM BORROWING

 

 

Overdraft From State Bank of India

1.253

0.519

Total

14.489

20.252

 

 

Auditors :

 

Name :

Pranaay Ingle and Associates

Chartered Accountants

Address :

Mumbai, Maharashtra, India

M. No.:

103985

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

--

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2017

 

Authorised Capital : INR 1.000 Million

 

Issued, Subscribed & Paid-up Capital : INR 1.000 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

1.000

0.100

0.100

(b) Reserves & Surplus

22.141

13.321

4.785

(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)

23.141

13.421

4.885

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

13.236

19.734

3.036

(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

0.000

0.000

0.000

Total Non-current Liabilities (3)

13.236

19.734

3.036

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

1.253

0.519

2.476

(b) Trade payables

10.046

20.078

14.703

(c) Other current liabilities

16.920

19.068

0.000

(d) Short-term provisions

0.000

0.000

12.650

Total Current Liabilities (4)

28.219

39.665

29.829

 

 

 

 

TOTAL

64.596

72.820

37.750

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

6.050

8.391

9.637

(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

0.000

0.000

2.033

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

6.050

8.391

11.670

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

0.000

0.000

1.050

(c) Trade receivables

20.409

26.784

19.288

(d) Cash and cash equivalents

6.757

23.452

2.400

(e) Short-term loans and advances

31.380

14.193

3.342

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

58.546

64.429

26.080

 

 

 

 

TOTAL

64.596

72.820

37.750

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Income

182.026

167.393

99.792

 

Other Income

1.521

0.124

2.189

 

TOTAL

183.547

167.517

101.981

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Purchases

124.376

124.524

74.697

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

(2.810)

(1.165)

0.000

 

Employees benefits expense

0.000

0.000

17.000

 

Other expenses

45.535

31.488

3.614

 

TOTAL

167.101

154.847

95.311

 

 

 

 

 

 

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

16.446

12.670

6.670

 

 

 

 

 

Less

FINANCIAL EXPENSES

3.058

2.554

0.803

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

13.388

10.116

5.867

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

2.345

1.580

1.243

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

11.043

8.536

4.624

 

 

 

 

 

Less

TAX

2.251

0.000

0.881

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

8.792

8.536

3.743

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

879.15

853.59

374.31

 

 

 

Particulars

 

 

 

31.03.2018

Sales Turnover (Approximately)

 

 

195.000

 

The above information has been parted by Madam Kavita (Accounts Head)

 

ADVERTISING PROMOTIONAL EXPENSES

 

Years

 

INR in Million

 

 

2016-2017

NA

 

 

2015-2016

NA

 

 

2014-2015

NA

 

 

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 operations

NA

NA

NA

Net cash flows from (used in) operations

NA

NA

NA

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

40.92

58.40

70.55

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

8.92

6.25

5.17

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

29.48

58.85

71.84

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

0.00

0.00

6.35

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

2.72

1.51

0.69

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.64

0.82

0.87

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.63

1.51

1.13

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

1.22

2.96

6.11

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.26

0.63

1.97

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

5.38

4.96

8.31

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

((PAT / Sales) * 100)

%

4.83

5.10

3.75

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

13.61

11.72

9.92

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

37.99

63.60

76.62

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

2.07

1.62

0.87

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

2.07

1.62

0.84

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.36

0.18

0.13

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

14.49

202.53

55.12

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

2.07

1.62

0.87

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

FINANCIAL ANALYSIS

[all figures are 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

0.100

0.100

1.000

Reserves & Surplus

4.785

13.321

22.141

Share Application money pending allotment

0.000

0.000

0.000

Net worth

4.885

13.421

23.141

 

 

 

 

Long Term borrowings

3.036

19.734

13.236

Short Term borrowings

2.476

0.519

1.253

Total borrowings

5.512

20.253

14.489

Debt/Equity ratio

1.128

1.509

0.626

 

 

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

99.792

167.393

182.026

 

 

67.742

8.742

 

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

99.792

167.393

182.026

Profit

3.743

8.536

8.792

 

3.75%

5.10%

4.83%

 

 

 

 

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)

No

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

Yes

26

Turnover of firm for last four years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last three years

Yes

30

Major shareholders, if available

Yes

31

External Agency Rating, if available

No

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

Note: As confirmed by the management registered office of the company has been shifted from Room No. 377/441, Block No. 4, Tagore Nagar, Vikhroli (East), Mumbai – 400083, Maharashtra, India to present address.

 

 

 

INDEX OF CHARGE:

 

SNO

SRN

CHARGE ID

CHARGE HOLDER NAME

DATE OF CREATION

AMOUNT

ADDRESS

1

G71530190

100142317

STATE BANK OF INDIA

04/12/2017

12578000.0

SMALL AND MEDIUM ENTERPRISES, CITY CREDIT CENTRE, JASMINE CO-OPERATIVE HOUSING SOCIETY LIMITED, KALANAGAR, BANDRA (EAST), MUMBAI - 400051, MAHARASHTRA, INDIA

2

B75114215

10425657

STATE BANK OF INDIA

21/03/2013

5000000.0

SAKINAKA BRANCH, SAKI VIHAR ROAD, SAKINAKA, ANDHERI (EAST), MUMBAI - 400072, MAHARASHTRA, INDIA

 

FIXED ASSETS:

 

  • Computers
  • Furniture
  • Building
  • Machinery

 

OBSERVATION POINTS

 

Name of Company :

NITYACHAITANYA HOSPITALITY PRIVATE LIMITED

 

 

Address :

Industrial Gala No.28 and 29, Ground Floor, Shivkrupa Industrial Premises Co-Operative Housing Society Limited, Vikhroli West, Mumbai – 400083, Maharashtra, India

 

 

Contact No.:

91-9594026114

 

 

Person to whom we met:

Name:  Mr. Nitish Kumar N Shetty Designation : Director

 

 

Name Board :

Sighted

 

 

Location:

Easy

 

 

Landmark (If Any):

Near Home Town, LBS Marg

 

 

Total Floors of the building:

2 Floors

 

 

Subject situated on:

Ground Floor

 

 

Locality:

Industrial

 

 

Area of premises :

3000 Sq. Ft

 

 

Area :

Upmarket

 

 

No. of employees seen at premises:

15 (Approximately)

 

 

Visibility of Items:

·         Telephone

·         Telex

·         Computers

·         Air Conditioner

·         Office Equipment

 

 

Furniture items sighted :

Yes

 

 

Proof of visit:

Photographs

 

 

 

 

 

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 68.26

UK Pound

1

INR 91.22

Euro

1

INR 79.88

 

 

INFORMATION DETAILS

 

Information Gathered by :

KAM

 

 

Analysis Done by :

PSD

 

 

Report Prepared by :

KVT

 

 

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)

 

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

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