MIRA
INFORM REPORT
|
Report Date : |
23.05.2007 |
IDENTIFICATION DETAILS
|
Name : |
K K EXPORTS |
|
|
|
|
Registered Office : |
113/159, Swroop Nagar, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2007 |
|
|
|
|
Date of Incorporation : |
1985 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
KNPK01549C |
|
|
|
|
Legal Form : |
Partnership concern with an unlimited liability of the partners. |
|
|
|
|
Line of Business : |
Manufacturer of defence supplies specially for paramilitary forces. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 4000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and reputed concern having satisfactory track.
Partners are reported as experienced and respectable businessmen. Trade
relations are reported as fair. Business is active. Payments are usually
correct and as per commitments. The concern can be considered normal for business dealings at usual trade
terms and conditions. |
LOCATIONS
|
Registered Office : |
113/159, Swroop Nagar, |
|
Tel. No.: |
91-512-3292173 / 2534699 |
|
Mobile No.: |
91-9839029979 |
|
Fax No.: |
91-512-2297901 |
|
E-Mail : |
contactus@militarygearindia.net
|
|
Website : |
|
|
Area : |
350 sq. yds. [Owned] |
|
|
|
|
Corporate Office / Factory : |
84/20
Fazal Ganj, (Plot no. 17), (J.K.Iron and Steel Compound) , |
|
Tel. No.: |
91-512-2242423 / 2233154
/ 2296756 |
|
Mobile No. : |
91-9839029979 |
|
Fax No.: |
91-512- 2297901 |
|
Area : |
1000 sq. mtrs. [Owned] |
|
|
|
|
Branches : |
C 75
Mahendru Enclave, |
|
Tel. No.: |
91-11-27143347 |
|
Mobile No. : |
91-9810873764 |
PARTNERS
|
Name : |
Mr. Vijay Khanna |
|
Designation : |
Partner |
|
Date of Birth/Age : |
60 Years |
|
Qualification : |
Post Graduate |
|
Experience : |
32 Years |
|
|
|
|
Name : |
Mr. Karan Khanna |
|
Designation : |
Partner |
|
Date of Birth/Age : |
28 Years |
|
Qualification : |
Post Graduate |
|
Experience : |
7 Years |
|
|
|
|
Name : |
Mrs. Aruna Khanna |
|
Designation : |
Partner |
|
Date of Birth/Age : |
55 Years |
|
Qualification : |
Graduate |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of defence supplies specially for paramilitary
forces. |
|
|
|
|
Products : |
|
|
|
|
|
Exports : |
|
|
Products : |
|
|
Countries : |
Srilanka |
|
|
|
|
Imports : |
|
|
Products : |
Machinery and Parts |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and Credit |
|
|
|
|
Purchasing : |
L/C, Cash, Credit [60 days] and at Sight |
GENERAL INFORMATION
|
Customers : |
Local Customers and End Users |
|
|
|
|
No. of Employees : |
56 [In Office : 6 and In Factory : 50] |
|
|
|
|
Bankers : |
Standard Chartered Bank, The Mall, |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Shashi Dinesh and Company Chartered Accountants |
|
Address : |
|
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs. 1.000 Million |
|
Borrowed : |
-- |
|
Total : |
Rs. 1.000 Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
Sales Turnover |
30.000 |
23.000 |
22.000 |
|
|
|
|
|
|
Profit/Loss for the year |
0.700 |
0.565 |
0.400 |
LOCAL AGENCY FURTHER INFORMATION
Trade Reference
- Boarder
Security Force
- Central
Reserve Police Force
- Indo Tibal
Boarder Police
- DFS&D
AS PER WEBSITE
Company Profile
Late Shri Bansi Lal Khanna found
the KK group in 1972, for the sole purpose of serving the Defense and the Paramilitary
forces with the most innovative solutions and superior quality.
Since its establishment in 1972,
KK Exports has played a major role in designing and manufacturing the most
advanced military and law enforcement equipment.
The Company that has gained its
outstanding reputation by introducing top-quality / innovative products and is
positioned today as one of the top leaders in the international market.
By focusing on its competitive
advantages, KK Exports has strengthened its relations with strategic suppliers
and has established new marketing channels. KK exports has achieved a very
large market share with a high growth rate and is constantly searching for new
goals, based on its consistency in implementing the most advanced and
innovative technologies into its products, thus increasing its competitiveness
and maintaining its high prestige.
The Company's aim is to
continuously set new international standards for personal protection,
consistent quality, dependability, innovativeness and striving for continuous
improvement in its product profile.
KK exports is today an
internationally recognized manufacturer of military and law enforcement
equipment and has a variety of combat proven solutions and other products for
personal protection of military soldiers and police use. The manufacturing
plant is made up in more than 50000 sq. ft. covered area with installed state
of the art equipments.
The challenge of meeting the
demands of rapidly evolving global markets has lead the company to a consumer
focused philosophy.
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.40.55 |
|
|
1 |
Rs.80.08 |
|
Euro |
1 |
Rs.54.58 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
48 |
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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|