MIRA
INFORM REPORT
|
Report Date : |
20.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
KIRLOSKAR INTEGRATED TECHNOLOGIES LIMITED |
|
|
|
|
Registered
Office : |
13A, Karve Road, Kothrud Pune – 411029, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
28.03.1970 |
|
|
|
|
Com. Reg. No.: |
11-014588 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 33.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29120MH1970PLC014588 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEK08603A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK7299L |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing Energy Conservation Services |
|
|
|
|
No. of Employees
: |
Not Divulged by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 830000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and reputed company having satisfactory
track. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitments. The company can be considered normal for 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.
INFORMATION DECLINEDE BY
|
Name : |
Mr. Asit Jain |
|
Designation : |
Financial Manager |
|
|
|
|
Name : |
Mr. Jaimeet Kaur |
|
Designation : |
Secretary |
|
Contact No.: |
91-9657722188 |
|
Date : |
15.12.2011 |
LOCATIONS
|
Registered Office : |
13A, Karve Road, Kothrud Pune – 411029, Maharashtra, India |
|
Tel. No.: |
91-20-25457940 |
|
Mobile No.: |
91-9657722188 (Mr. Jaimeet Kaur) |
|
Fax No.: |
91-20-25457939 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Narayan Alawani |
|
Designation : |
Director |
|
Address : |
Flat No.5, Yashiodeep C, Rambaug Colony, Navi Peth, Pune – 411030,
Maharashtra, India |
|
Date of Birth/Age : |
24.08.1945 |
|
Date of Appointment : |
31.08.2002 |
|
DIN No.: |
00036153 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U34107PN1998PLC113623 |
KOTHRUD
POWER EQUIPMENT LIMITED |
Director |
27/09/2000 |
27/09/2000 |
- |
Active |
NO |
|
2 |
U34300KA1962PLC053582 |
KIRLOSKAR
SYSTEMS LIMITED |
Director |
29/06/2001 |
29/06/2001 |
30/11/2009 |
Active |
NO |
|
3 |
U34300KA1998PTC023708 |
DENSO
KIRLOSKAR INDUSTRIES PRIVATE LIMITED |
Director |
23/08/2002 |
23/08/2002 |
12/1/2010 |
Active |
NO |
|
4 |
U29120MH1970PLC014588 |
KIRLOSKAR
INTEGRATED TECHNOLOGIES LIMITED |
Director |
31/08/2002 |
31/08/2002 |
- |
Active |
NO |
|
5 |
L27101PN1991PLC063223 |
KIRLOSKAR
FERROUS INDUSTRIES LIMITED |
Director |
28/07/2006 |
22/10/2005 |
- |
Active |
NO |
|
6 |
L29113PN1920PLC000670 |
KIRLOSKAR
BROTHERS LIMITED |
Director |
22/10/2005 |
22/10/2005 |
- |
Active |
NO |
|
7 |
L29112PN1978PLC088972 |
KIRLOSKAR
INDUSTRIES LIMITED |
Director |
18/07/2009 |
21/01/2009 |
- |
Active |
NO |
|
8 |
L65999PN2009PLC133794 |
KIRLOSKAR
BROTHERS INVESTMENTS LIMITED |
Director |
27/07/2010 |
13/02/2010 |
- |
Active |
NO |
|
9 |
L29120PN2009PLC133351 |
KIRLOSKAR
OIL ENGINES LIMITED |
Director |
9/7/2010 |
30/03/2010 |
- |
Active |
NO |
|
Name : |
Mr. Ramkrishna Swar Dattatraya |
|
Designation : |
Director |
|
Address : |
Gurukrupa Plot No.3, Natraj Co. Operative, HSG Society, Karve, Nagar,
Pune – 411052, Maharashtra, India |
|
Date of Birth/Age : |
31.01.1944 |
|
Date of Appointment : |
18.03.2009 |
|
DIN No.: |
00007495 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
L50210PB1985PLC006473 |
SWARAJ
ENGINES LIMITED |
Nominee
director |
29/01/2000 |
29/01/2000 |
- |
Active |
NO |
|
2 |
L29112PN1978PLC088972 |
KIRLOSKAR
INDUSTRIES LIMITED |
Whole-time
director |
26/07/2000 |
26/07/2000 |
19/04/2007 |
Active |
NO |
|
3 |
L99999MH1938PLC002869 |
G.
G. DANDEKAR MACHINE WORKS LIMITED |
Director |
23/07/2007 |
28/12/2006 |
- |
Active |
NO |
|
4 |
U29120MH1970PLC014588 |
KIRLOSKAR
INTEGRATED TECHNOLOGIES LIMITED |
Director |
8/9/2009 |
18/03/2009 |
- |
Active |
NO |
|
5 |
L29120PN1974PLC110307 |
KIRLOSKAR
PNEUMATIC COMPANY LIMITED |
Director |
18/07/2009 |
25/04/2009 |
- |
Active |
NO |
|
6 |
L29120PN2009PLC133351 |
KIRLOSKAR
OIL ENGINES LIMITED |
Director |
21/07/2011 |
11/3/2011 |
- |
Active |
NO |
|
Name : |
Mr. Kulkarni Chitntaman Anil |
|
Designation : |
Director |
|
Address : |
Flat No.1, Prajakta, Li Apartments, Anil Park, 7/17, Erandawana, Pune
– 411004, Maharashtra, India |
|
Date of Birth/Age : |
27.07.1951 |
|
Date of Appointment : |
01.09.2004 |
|
DIN No.: |
00030995 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U65993MH1972PTC016178 |
ASARA
SALES AND INVESTMENT PRIVATE LIMITED |
Director |
4/5/1994 |
4/5/1994 |
- |
Active |
NO |
|
2 |
U74999MH1981PTC024397 |
KIRLOSKAR
SONS AND CO PRIVATE LIMITED |
Director |
25/07/1994 |
25/07/1994 |
- |
Strike
off |
NO |
|
3 |
U67120PN1993PTC073841 |
ACHYUT
AND NEETA HOLDINGS AND FINANCE PRIVATE LIMITED |
Director |
1/10/1994 |
1/10/1994 |
- |
Active |
NO |
|
4 |
U74999MH1973PTC016623 |
KIRLOSKAR
OVERSEAS PRIVATE LIMITED |
Director |
1/3/1996 |
1/3/1996 |
- |
Strike
off |
NO |
|
5 |
U65993PN1992PTC064865 |
ALPAK
INVESTMENTS PVT LTD |
Director |
31/08/1998 |
31/08/1998 |
- |
Active |
NO |
|
6 |
U65993MH1992PTC064861 |
PRAKAR
INVESTMENTS PVT LTD |
Director |
31/08/1998 |
31/08/1998 |
- |
Active |
NO |
|
7 |
U65993MH1989PTC051139 |
BETTER
VALUE HOLDINGS PRIVATE LIMITED |
Director |
15/07/1999 |
15/07/1999 |
- |
Active |
NO |
|
8 |
U34300KA1962PLC053582 |
KIRLOSKAR
SYSTEMS LIMITED |
Whole-time
director |
28/09/2007 |
--- |
1/1/2010 |
Active |
NO |
|
9 |
U31102MH1965PLC013362 |
KIRLOSKAR
PROPRIETARY LIMITED |
Director |
26/07/2003 |
26/07/2003 |
- |
Active |
NO |
|
10 |
U63040PN1983PTC029605 |
BINAZA
TRAVELS PRIVATE LIMITED |
Director |
10/9/2003 |
10/9/2003 |
- |
Active |
NO |
|
11 |
U29120MH1970PLC014588 |
KIRLOSKAR
INTEGRATED TECHNOLOGIES LIMITED |
Director |
1/9/2004 |
1/9/2004 |
- |
Active |
NO |
|
12 |
U67120KA1989PTC009980 |
SRI
HARIHARESHWARA FINANCE AND INVESTMENTS PRIVATE LIMITED |
Director |
13/12/2004 |
13/12/2004 |
1/1/2010 |
Active |
NO |
|
13 |
U45201KA1995PTC018023 |
VIJAYARAM
INVESTMENTS PRIVATE LIMITED |
Director |
28/12/2004 |
28/12/2004 |
23/04/2008 |
Active |
NO |
|
14 |
U55102PN1964PLC012985 |
PIH
FINVEST COMPANY LIMITED |
Director |
27/09/2008 |
30/03/2008 |
7/10/2009 |
Active |
NO |
|
15 |
L65999PN2009PLC133794 |
KIRLOSKAR
BROTHERS INVESTMENTS LIMITED |
Director |
27/07/2010 |
23/01/2010 |
- |
Active |
NO |
|
16 |
U57101MH1988PTC071708 |
POOJA
CREDITS PRIVATE LIMITED |
Director |
27/07/2010 |
23/01/2010 |
- |
Active |
NO |
|
Name : |
Mr. Joshi Achutrao Laxmikant |
|
Designation : |
Whole Time Manager |
|
Address : |
3, Chinar, Society, Near Sangam Press Kothrud, Pune – 411038,
Maharashtra, India |
|
Date of Birth/Age : |
18.06.1952 |
|
Date of Appointment : |
11.05.2010 |
|
DIN No.: |
02403468 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U29120MH1970PLC014588 |
KIRLOSKAR
INTEGRATED TECHNOLOGIES LIMITED |
Whole-time
director |
22/07/2010 |
18/11/2008 |
- |
Active |
NO |
|
2 |
U74900PN2011PLC138321 |
GREENTEK
SYSTEMS (INDIA) LIMITED |
Director |
19/01/2011 |
19/01/2011 |
- |
Active |
NO |
|
Name : |
Mr. Kirloskar Atul Gauri |
|
Designation : |
Whole Time Director |
|
Address : |
3, Chinar, Society, Near Sangam Press Kothrud, Pune – 411038,
Maharashtra, India |
|
Date of Birth/Age : |
09.08.1983 |
|
Date of Appointment : |
01.04.1911 |
KEY EXECUTIVES
|
Name : |
Mr. Kawthekar Anand Shrjti |
|
Designation : |
Secretary |
|
Address : |
Radha 45J, Gokhalr Road, Pune – 411016, Maharashtra, India |
|
Date of Birth/Age : |
23.04.1984 |
|
Date of Appointment : |
15.02.2008 |
|
|
|
|
Name : |
Mr. Siai Nirmansingh Imeetkaur |
|
Designation : |
Secretary |
|
Address : |
23/A, Cycle Merchan, T5, Co-Operative Housing Society Limited, Pune –
411011, Maharashtra, India |
|
Date of Birth/Age : |
05.05.1987 |
|
Date of Appointment : |
27.01.2011 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Atul C. Kirloskar |
|
109998 |
|
Rahul C. Kirloskar |
|
109998 |
|
Gautam Kulkarni |
|
109998 |
|
Arti A. Kirloskar |
|
1 |
|
Alpana R. Kirloskar |
|
1 |
|
Jyotsna G. Kulkarni |
|
1 |
|
Alika Kirloskar |
|
1 |
|
Nihal G. Kulkarni |
|
1 |
|
Gauri A. Kirloskar |
|
1 |
|
|
|
|
|
Total |
|
330000 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage |
|
|
|
|
Bodies corporate |
33.33 |
|
Directors or relatives of Directors |
66.67 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Energy Conservation Services |
||||||
|
|
|
||||||
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged by the management.
|
|
|
|
|
Bankers : |
·
Bank of India, Pune City Branch, 181, Budhwat Peth,
Pune – 411002, Maharashtra, India ·
HDFC
Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West),
Mumbai – 400013, Maharashtra, India |
|
|
|
|
Banking
Relations : |
---- |
|
|
|
|
Auditors : |
|
|
Name : |
Joshi and Sahney Chartered Accountant |
|
Address : |
1913 Sadashiv Peth, Natu Baug, Pune – 411030, Maharashtra, India |
|
PAN No.: |
AABFJ0074A |
|
|
|
|
Subsidiaries : |
·
Kirloskar Oil Engins Limited ·
Better Value Holdings Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.100/- each |
Rs.100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
330000 |
Equity Shares |
Rs.100/-
each |
Rs.33.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
33.000 |
33.000 |
33.000 |
|
|
2] Share Application Money |
175.234 |
78.834 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
20.023 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
208.234 |
111.834 |
53.023 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.228 |
0.116 |
|
|
|
|
|
|
|
|
TOTAL |
208.234 |
112.062 |
53.139 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
22.135 |
16.140 |
5.553 |
|
|
Capital work-in-progress |
1.664 |
1.077 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
70.307 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.994 |
0.000 |
0.014 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
96.007
|
99.486 |
16.903 |
|
|
Sundry Debtors |
583.983
|
1025.175 |
282.454 |
|
|
Cash & Bank Balances |
96.875
|
244.501 |
84.854 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
720.892
|
576.253 |
45.380 |
|
Total
Current Assets |
1497.757
|
1945.415 |
429.591 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1293.715
|
1784.277
|
366.943 |
|
|
Other Current Liabilities |
86.999
|
63.126 |
14.768 |
|
|
Provisions |
3.909
|
3.167 |
0.308 |
|
Total
Current Liabilities |
1384.623
|
1850.570 |
382.019 |
|
|
Net Current Assets |
113.134
|
94.845 |
47.572 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
208.234 |
112.062 |
53.139 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
8423.329 |
8615.469 |
1025.805 |
|
|
|
Other Income |
3.419 |
4.240 |
2.998 |
|
|
|
TOTAL (A) |
8426.748 |
8619.710 |
1028.803 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption Material Changes Inventories |
(13.113) |
(2.901) |
|
|
|
|
Manufacturing Service Cost |
0.779 |
0.425 |
|
|
|
|
Contract Cost |
8126.841 |
8362.827 |
977.226 |
|
|
|
Employee Related Expenses |
24.785 |
17.936 |
|
|
|
|
Administrative Selling other
Services |
139.032 |
149.489 |
|
|
|
|
TOTAL (B) |
8278.324 |
8527.776 |
977.226 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
148.424 |
91.934 |
51.577 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.000 |
0.162 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
148.424 |
91.934 |
51.415 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.940 |
1.776 |
13.404 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
145.484 |
90.158 |
38.011 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
48.777 |
30.978 |
3.528 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
96.707 |
59.180 |
34.483 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
78.831 |
20.020 |
(14.452) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
96.707 |
78.831 |
20.020 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.749 |
0.000 |
NA |
|
|
TOTAL EARNINGS |
0.749 |
0.000 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
293 |
178 |
104 |
|
The above information has been declined by Mr. Asit Jain and Mr.
Jaimeet Kaur.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.14
|
0.68 |
3.35 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.72
|
1.04 |
3.70 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.57
|
4.59 |
8.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.69
|
0.80 |
0.71 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
6.64
|
16.54 |
7.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.08
|
1.05 |
1.12 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS :
(Rs.
In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Creditors due small micro enterprises
|
0.000 |
0.000 |
0.000 |
|
Creditors due others |
1293.715 |
1784.278 |
366.943 |
|
|
|
|
|
|
Total |
1293.715 |
1784.278 |
366.943 |
CONTINGENT
LIABILITY
(Rs.
In Millions)
|
Particulars |
31.03.2011 |
|
Disputed Sales Tax demand |
0.163 |
|
Disputed profession Tax demands |
0.004 |
|
Guarantee given to customers by bankers |
32.427 |
FORM 8
|
Corporate
identity number of the company |
U29120MH1970PLC014588 |
|
Name of the
company |
KIRLOSKAR
INTEGRATED TECHNOLOGIES LIMITED |
|
Address of the registered
office or of the principal place of
business in |
13A, Karve Road,
Kothrud Pune, Pune – 411029, Maharashtra India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book debts Movable property (not
being pledge) Floating charge Others |
|
Particular of
charge holder |
HDFC Bank
Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai –
400013, Maharashtra, India |
|
Nature of
instrument creating charge |
Letter of
Hypothecation of Stocks and Book Debts |
|
Date of
instrument Creating the charge |
21/12/2010 |
|
Amount secured by
the charge |
Rs. 800.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest As may be stipulated
by the Bank from time to time. Terms of repayment As may be
stipulated by the Bank from time to time. Margin As may be
stipulated by the Bank from time to time. Extent and operation of the charge Hypothecation by
way of first charge on entire stocks
and book debts, both present and future. Other Nil |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation by
way of first charge on entire stocks and book debts, both present and future. |
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. 52.95 |
|
|
1 |
Rs. 82.03 |
|
Euro |
1 |
Rs.68.90 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--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 |
Capability to overcome financial difficulties seems comparatively below
average. |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.