|
|
|
MIRA INFORM REPORT
|
Report No. : |
511890 |
|
Report Date : |
28.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
SAPA PRECISION TUBING PUNE PRIVATE LIMITED (w.e.f. 14.11.2013) |
|
|
|
|
Formerly Known
As : |
SAPA HEAT TRANSFER TUBES INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Gat No 183, Village Fulgaon, Alandi Markal Road, Taluka Haveli Pune – 412216, Maharashtra |
|
Tel. No.: |
91-20-67345100 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
28.02.2011 |
|
|
|
|
Com. Reg. No.: |
11-143531 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 175.523 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28112PN2011FTC143531 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0311001653 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAPCS4489P |
|
|
|
|
GSTN : [Goods & Service Tax Registration
No.] |
27AAPCS4489P1Z5 |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
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|
Line of Business
: |
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No. of Employees
: |
53 (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 : |
Slow but correct |
|
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|
Litigation : |
Clear |
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|
Comments : |
Subject is a wholly owned subsidiary of “Sapa AB, Sweden, and was incorporated in the year 2011. For the financial year 2017, the company has increased its revenue from operations as compared to previous year and maintained decent profitability margin of 11.13%. The company has sound financial base and healthy capital structure along with average debt balance sheet. Rating takes into consideration strong managerial and financial support received to the company from its holding entity and achieved fair profit during the year which has wiped out some part of its accumulated losses. However, rating strength is partially offset by company has reported negative reserves position during the year. Trade relations are reported as fair. Business is active. Payments are slow but correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. (Note- Mr. Sumeet Kankari (Accounts Executive) has claimed the company name will be change from “Sapa Precision tubing Pune Private Limited” to “Hydro Sapa Precision Tubing”. Further, all the documentations of name change are still in the process.) |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
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 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 DENIED BY
|
Name : |
Mr. Sumeet Kankari |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-20-67345100 |
|
Date : |
26.05.2018 |
LOCATIONS
|
Registered Office : |
Gat No 183, Village Fulgaon, Alandi Markal Road, Taluka Haveli Pune – 412216, Maharashtra, India |
|
Tel. No.: |
91-20-67345100 |
|
Fax No.: |
91-20-67345199 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
Locality : |
Industrial |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Bharat Behal |
|
Designation : |
Managing Director |
|
Address : |
Flat No. 202, Sr. No. 229, Rohan Mithila New Airport Road, Near Airport Viman Nagar, Dukirkline, Pune – 411014, Maharashtra, India |
|
Date of Birth/Age : |
14.04.1967 |
|
Qualification : |
CA |
|
Date of Appointment : |
28.02.2011 |
|
PAN No.: |
ACSPB5857G |
|
DIN No.: |
00700772 |
|
|
|
|
Name : |
Mr. Mauro Spizzo |
|
Designation : |
Director |
|
Address : |
Villa No. E14, Epsilon Villas, Yemlur Village, Main Road, Bangalore – 560037, Karnataka, India |
|
Date of Birth/Age : |
06.05.1976 |
|
Qualification : |
Bachelor Informatics/ Electronics |
|
Date of Appointment : |
31.08.2016 |
|
DIN No.: |
07599904 |
KEY EXECUTIVES
|
Name : |
Mr. Sumeet Kankari |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Bharat Behal |
|
1 |
|
Sapa AS Sweden |
|
585074 |
|
|
|
|
|
Total |
|
585075 |
Equity Share Break up (Percentage of Total Equity)
As on 25.09.2017
|
Category |
Percentage |
|
Promoter - Bodies
corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products.: |
Finished Goods |
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Countries : |
Thailand |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Credit |
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Purchasing : |
Cash |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Manufacturers
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No. of Employees : |
53 (Approximately) |
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Bankers : |
|
|
Auditors : |
|
|
Name : |
S R B C and Company LLP Chartered Accountants |
|
Address : |
C-401, 4th Floor Panchshil Techpark, Yerwada, Pune - 411006, Maharashtra, India |
|
Tel. No.: |
91-20-66036000 |
|
Fax No.: |
91-20-66015900 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ACHFS9117R |
|
|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company: |
|
|
|
|
|
Ultimate Holding
company: |
|
|
|
|
|
Fellow Subsidiary
companies.: |
|
|
|
|
|
Subsidiary
companies.: |
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000 |
Equity Shares |
INR 300/- each |
INR 180.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
585075 |
Equity Shares |
INR 300/- each |
INR 175.523
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
175.523 |
175.522 |
175.522 |
|
(b) Reserves and Surplus |
(35.202) |
(100.679) |
(134.302) |
|
(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) |
140.321 |
74.843 |
41.220 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
82.650 |
0.000 |
0.538 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term liabilities |
5.457 |
6.083 |
5.994 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities
(3) |
88.107 |
6.083 |
6.532 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short-term borrowings |
185.000 |
216.919 |
254.846 |
|
(b) Trade payables |
33.439 |
93.034 |
103.802 |
|
(c) Other current liabilities |
20.213 |
17.244 |
8.417 |
|
(d) Short-term provisions |
2.684 |
5.963 |
8.557 |
|
Total Current
Liabilities (4) |
241.336 |
333.160 |
375.622 |
|
|
|
|
|
|
TOTAL |
469.764 |
414.086 |
423.374 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
115.755 |
126.194 |
134.090 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.021 |
|
(iii) Tangible assets capital work-in-progress |
81.787 |
0.000 |
0.899 |
|
(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 loans and advances |
12.431 |
12.435 |
12.019 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
209.973 |
138.629 |
147.029 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
87.035 |
116.324 |
82.250 |
|
(c) Trade receivables |
109.644 |
97.724 |
105.622 |
|
(d) Cash and bank balances |
7.683 |
16.531 |
42.232 |
|
(e) Short-term loans and advances |
36.916 |
42.025 |
37.041 |
|
(f) Other current assets |
18.513 |
2.853 |
9.200 |
|
Total Current
Assets |
259.791 |
275.457 |
276.345 |
|
|
|
|
|
|
TOTAL |
469.764 |
414.086 |
423.374 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
588.256 |
547.189 |
387.592 |
|
|
Other Income |
0.162 |
1.100 |
0.519 |
|
|
TOTAL |
588.418 |
548.289 |
388.111 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
366.048 |
354.990 |
258.751 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
(6.347) |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
6.361 |
(6.113) |
0.000 |
|
|
Employee benefit expense |
37.661 |
34.010 |
23.732 |
|
|
Other expenses |
73.927 |
87.070 |
73.422 |
|
|
TOTAL |
483.997 |
469.957 |
349.558 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
104.421 |
78.332 |
38.553 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
23.424 |
27.933 |
20.274 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
80.997 |
50.399 |
18.279 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
15.520 |
15.238 |
21.635 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
65.477 |
35.161 |
(3.356) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
1.539 |
(11.291) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
65.477 |
33.622 |
7.935 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
111.91 |
60.10 |
(5.74) |
|
Particulars |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
700.000 |
|
|
|
|
|
Expected Sales (2018-2019) : INR 770.000 Million (Approximately)
The above information has been parted by Mr. Sumeet Kankari (Accounts
executive)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.043 |
0.538 |
0.442 |
|
Net cash flows from (used in) operations |
56.017 |
34.176 |
(47.025) |
|
Net cash flows from (used in) operating activities |
43.758 |
33.292 |
(46.655) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
68.03 |
65.19 |
99.47 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
5.37 |
5.60 |
3.67 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
33.34 |
95.66 |
150.11 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
1.20 |
0.67 |
0.47 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.53 |
0.62 |
0.29 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.69 |
0.80 |
0.89 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
1.91 |
2.90 |
6.20 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ NetWorth) |
|
1.72 |
4.45 |
9.11 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
1.41 |
1.69 |
3.28 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
4.46 |
2.80 |
1.90 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
11.13 |
6.14 |
2.05 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
13.94 |
8.12 |
1.87 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
46.66 |
44.92 |
19.25 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.08 |
0.83 |
0.74 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.72 |
0.48 |
0.52 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.30 |
0.18 |
0.10 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
1.53 |
1.24 |
1.46 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
1.08 |
0.83 |
0.74 |
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 |
175.522 |
175.522 |
175.523 |
|
Reserves & Surplus |
(134.302) |
(100.679) |
(35.202) |
|
Net
worth |
41.220 |
74.843 |
140.321 |
|
|
|
|
|
|
Long-term borrowings |
0.538 |
0.000 |
82.650 |
|
Short term borrowings |
254.846 |
216.919 |
185.000 |
|
Current maturities of
long-term debts |
0.442 |
0.538 |
0.043 |
|
Total
borrowings |
255.826 |
217.457 |
267.693 |
|
Debt/Equity
ratio |
6.206 |
2.906 |
1.908 |
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 |
387.592 |
547.189 |
588.256 |
|
|
|
41.177 |
7.505 |
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 |
387.592 |
547.189 |
588.256 |
|
Profit/ (Loss) |
7.935 |
33.622 |
65.477 |
|
|
2.05% |
6.14% |
11.13% |
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 |
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 |
Yes |
|
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 |
Yes |
|
26 |
Turnover of firm for last four years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
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: Registered office of the company has been
shifted from 307/308, B Wing, Bsel Tech Park, 3rd Floor, Sector 30A,
Vashi, Navi Mumbai – 400705, Maharashtra, India to
the present address w.e.f. 19.03.2012
STATE OF THE
COMPANY’S AFFAIRS:
During the year, the total revenue from operations of the Company is INR 588.418 Million as against 548.289 Million in comparison with previous year. The profit after tax is INR 65.477 Million in comparison with previous years profit of INR 35.161 Million.
CORPORATE INFORMATION
The company having CIN: U28112PN2011FTC143531 is a private company domiciled in India. The company is primarily engaged in the manufacture and sale of aluminium welded tubes.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Foreign currency term loans from others |
82.650 |
0.000 |
|
|
|
|
|
Short-term
Borrowings |
|
|
|
Working capital loans from banks |
185.000 |
35.000 |
|
Other loans and advances, others |
0.000 |
181.919 |
|
|
|
|
|
Total |
267.650 |
216.919 |
INDEX
OF CHARGES: NO CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
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 68.09 |
|
|
1 |
INR 91.41 |
|
Euro |
1 |
INR 79.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
PON |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
Report Prepared
by : |
KJL |
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 |
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.