MIRA
INFORM REPORT
|
Report Date : |
31.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
KAYBEE INDUSTRIAL ALLOY (PRIVATE) LIMITED |
|
|
|
|
Registered
Office : |
8, Bentinck Street, Mezzanine
Floor, Kolkata – 700 001, West Bengal |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2011 |
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|
|
|
Date of
Incorporation : |
03.05.1988 |
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|
|
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Com. Reg. No.: |
21-044318 |
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|
|
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Capital
Investment / Paid-up Capital : |
Rs.13.815 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27109WB1988PTC044318 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALK01256D |
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|
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Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Trader of Sponge Iron and Ferro Alloys. |
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|
|
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1600000 |
|
|
|
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established company having satisfactory track. Financial
position of the company appears to be good. Trade relations are reported as decent. Business is active. Payments
are reported to be usually correct and as per commitments. The company can be considered 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.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.
|
Source : CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
A2 (Letter of Credit) |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
19.10.2011 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A2 (Bank Guarantee) |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
19.10.2011 |
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
31-03-2012.
LOCATIONS
|
Registered/ Head Office : |
8, Bentinck Street, Mezzanine
Floor, Kolkata – 700 001, West Bengal, India |
|
Tel. No.: |
91-33-22103032 91-2210-3032/5740/22427271/7275 |
|
Fax No.: |
91-33-22430908 |
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E-Mail : |
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Corporate Office : |
33, C.R. Avenue, Kolkata-700017, West Benagal, India |
|
Tel. No.: |
91-33-40009400-418 |
|
Fax No.: |
91-33-40009419 |
|
E-Mail : |
vinodsmahipal@kaybeealloys.com
vijay.mahipal@kaybee-group.co.in
|
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KMT -2, 19th K M Tumkur Road, Madanayakanahalli, Opposite
Swami Petrol Pump, Bangalore – 562 123,
India. |
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Tel. No.: |
91-80-23715579 |
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Fax No.: |
91-80-23715579 |
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Ahmedabad Office : |
Raghuvir Estate -2, Godown No. 16, Near Tirupati Estate, Aslali, N H :8,
Ahmedabad – 382 427, Gujarat, India |
|
Tel. No.: |
91-79-64199529 |
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Fax No.: |
91-79-64199529 |
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E-Mail : |
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Mumbai Office: |
314, Ashirwad, Ahmedabad Street, Mumbai – 400 009, Maharashtra, India. |
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Tel. No.: |
91-22-56370484 / 23729499 |
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Fax No.: |
91-22-23751733 |
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E-Mail : |
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Prakash Complex, Godown No. 8, Near Vyas Talab, Bhanpuri, Birgaon
Raipur, Chattisgarh – 493 221, India. |
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Tel. No.: |
91-771-4091697 / 4091656 |
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Fax No.: |
91-771-4091656 |
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E-Mail : |
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DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Vinod Mahipal |
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Designation : |
Managing Director |
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Address : |
P 198, Block A, Lake Town, Kolkata-700089, West Bengal, India |
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Date of Birth/Age : |
26.02.1967 |
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Date of Appointment : |
03.05.1988 |
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DIN No.: |
00840580 |
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Other Directorship: |
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Name : |
Mr. Pawan Mahipal |
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Designation : |
Director |
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Address : |
P 198, Block A, Lake Town, Kolkata-700089, West Bengal, India |
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Date of Birth/Age : |
01.07.1975 |
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Date of Appointment : |
01.04.2002 |
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DIN No.: |
01291810 |
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Other Directorship: |
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Name : |
Mr. Manoj Mahipal |
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Designation : |
Director |
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|
Address : |
P 198, Block A, Lake Town, Kolkata-700089, West Bengal, India |
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Date of Birth/Age : |
17.09.1972 |
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Date of Appointment : |
01.08.1997 |
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DIN No.: |
00840608 |
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Other Directorship: |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Kishan Lal Mahipal |
43200 |
|
Vinod Mahipal |
153100 |
|
Harish Agarwal |
23000 |
|
Rajendra Kumar Agarwal |
40500 |
|
Indramani Devi Agarwal (As Partner of Indsutrial Alloys) |
10000 |
|
Indramani Devi Mahipal |
10000 |
|
Vijay Mahipal |
48650 |
|
Rita Mahipal |
57500 |
|
Manoj Mahipal |
38000 |
|
Pawan Mahipal |
53000 |
|
K. L. Mahipal and Sons(HUF) |
6000 |
|
Hari Om Goel |
11500 |
|
Jay Resources Private Limited |
25000 |
|
Ajay Kumar Agarwal |
10000 |
|
Kazi Aniauz Zaman |
54000 |
|
P. T. Investment Private Limited, India |
8000 |
|
I B M Infrastructure Private Limited |
51945 |
|
Kay Bee Alloys Private Limited, India |
199000 |
|
Industrial Alloys (India) Private Limited |
203900 |
|
V P M Infocom Private Limited |
46800 |
|
Kay Bee Ferro Alloys Private Limited |
204400 |
|
Sweta Holdings Private Limited, India |
34000 |
|
Rajmahidir Estate Private Limited, India |
10000 |
|
Jugantar Mercantiles Private Limited, India |
10000 |
|
Vanraj Merchants Private Limited, India |
10000 |
|
Maple Merchantile Private Limited, India |
10000 |
|
Dhanvanti Commodities Private Limited, India |
10000 |
|
Total |
1381495 |
As on 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
66.37 |
|
Directors
or relatives of directors |
|
33.66 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Sponge Iron and Ferro Alloys. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
· Corporation Bank, Dharmatalla Branch, 8, Lenin Sarani, Kolkata – 700 013, West Bengal, India · Canara Bank · Punjab National Bank · ICICI Bank ·
HDFC bank ·
United Bank of India ·
ING VYSYA Bank Limited ·
HSBC Bank ·
Syndicate Bank ·
The Kapol Co- Oprerative Bank, Mumbai, Maharashtra,
India. ·
State Bank of Bikaner and Jaipur. ·
State Bank of India. · Yes Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Keshri and Associates Chartered Accountant |
|
Address : |
50, Weston street, Kolkata-700012, West Bengal, India |
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PAN No: |
AETPK7715F |
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|
|
|
Enterprise over
which directors and Executives exercise significant influence : |
·
Sunrise Steels and Alloys Limited, India
(CIN: U27109WB1995PLC074000) ·
Industrial Alloys (India) Private Limited, India (CIN:
U27106WB1988PTC045060) ·
Kay Bee Ferro Alloys (Private) Limited, India (CIN:
U27100WB2008PTC129320) ·
Kay Bee Alloys (Private) Limited, India (CIN:
U27100WB2007PTC115096) ·
VPM Inficom (Private) Limited, India (CIN:
U72200WB2010PTC143527) · IBM Infrastructure (Private) Limited, India (CIN: U45400WB2010PTC145135) |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed and Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1381495 |
Equity Shares |
Rs.10/- each |
Rs.13.815
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 |
13.815 |
13.815 |
12.895 |
|
|
2] Share Application Money |
0.000 |
0.000 |
4.790 |
|
|
3] Reserves and Surplus |
404.590 |
317.528 |
234.404 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
418.405 |
331.343 |
252.089 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
60.824 |
84.193 |
3.112 |
|
|
2] Unsecured Loans |
61.398 |
52.481 |
49.169 |
|
|
TOTAL BORROWING |
122.222 |
136.674 |
52.281 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
540.627 |
468.017 |
304.370 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
23.678 |
6.398 |
5.017 |
|
|
Capital work-in-progress |
0.069 |
0.069 |
0.069 |
|
|
|
|
|
|
|
|
INVESTMENT |
12.820 |
7.253 |
8.554 |
|
|
DEFERREX TAX ASSETS |
0.239 |
0.135 |
0.091 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS and ADVANCES |
|
|
|
|
|
|
Inventories |
100.874
|
126.537
|
82.773
|
|
|
Sundry Debtors |
276.324
|
170.745
|
241.981
|
|
|
Cash and Bank Balances |
72.995
|
43.160
|
63.325
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans and Advances |
179.269
|
248.616
|
115.502
|
|
Total
Current Assets |
629.462
|
589.058
|
503.581 |
|
|
Less : CURRENT
LIABILITIES and PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
41.154
|
54.770
|
104.522 |
|
|
Other Current Liabilities |
40.723
|
38.301
|
36.782 |
|
|
Provisions |
43.788
|
41.852
|
71.667 |
|
Total
Current Liabilities |
125.665
|
134.923
|
212.971 |
|
|
Net Current Assets |
503.797
|
454.135
|
290.610 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.024 |
0.027 |
0.030 |
|
|
|
|
|
|
|
|
TOTAL |
540.627 |
468.017 |
304.370 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
1761.688 |
NA |
|
|
|
Other Income |
NA |
|
NA |
|
|
|
TOTAL |
NA |
1761.688 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
NA |
|
NA |
|
|
|
Administrative Expenses |
NA |
1640.286 |
NA |
|
|
|
Advertising Expenses |
NA |
|
NA |
|
|
|
TOTAL |
NA |
1640.286 |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
130.747 |
121.402 |
204.257 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
43.685 |
41.959 |
72.415 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
87.062 |
79.443 |
131.842 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
39.330 |
52.268 |
72.825 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
63.02 |
57.50 |
102.24 |
|
%20LIMITED%20-%20192037%2031-Aug-2012_files/image001.gif){kind=small}
%20LIMITED%20-%20192037%2031-Aug-2012_files/image002.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA |
4.51
|
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
20.77 |
20.39
|
40.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31 |
0.37
|
0.81
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.59 |
0.81
|
1.05
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.01 |
4.36
|
2.36
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
one year |
Yes |
|
12] |
Profitability for last three
years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U27109WB1988PTC044318 |
|
Name of the company |
KAYBEE INDUSTRIAL ALLOY (PRIVATE) LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
8, Bentinck Street (Taher Mansion), Kolkata – 700 001, West Bengal,
India. Email: kaybeeca@vsnl.com |
|
This form is for |
Modification of charge |
|
Charge identification number of the modified |
kaybeeca@vsnl.com |
|
Type of charge |
Immovable property Book Debts Movable Property Floating Charge All Others Current Assets & Movable Fixed Assets. |
|
Particular of charge holder |
Corporation Bank, Dharmatalla Branch, 8, Lenin Sarani, Kolkata – 700
013, west Bengal, India Email: cb152@corpbank.co.in |
|
Nature of description of the instrument creating or modifying the
charge |
i) Common Deed of Hypothecation of Movable/Assets/Debts. ii) Guarantee Agreement. iii) Continuity Letter. |
|
Date of instrument Creating the charge |
24.09.2009 |
|
Amount secured by the charge |
Rs.538.000 Millions |
|
Brief particulars of the principal terms an conditions and extent and
operation of the charge |
Rate of Interest
Cash Credit : COBAR+0.25% i.e., 12.25% p.a. at present subject to
revision from time to time. Rate of Interest as applicable to other limits are
specified in Credit Sanction Intimation. Terms of
Repayment Working Capital Limits is repayable on Demand. Margin As stipulated by the Bank for the respective assets from time to time. Cash Credit :- Stock : 25%, Book Debts : 40%, PCL/PCFC : 10% on FOB value, Bank Guarantee(Cash Margin) : 25%(Existing) Inland/Import LC(Cash Margin) : Inland/Import LC 10%[Reduction from
20%]
SBLC : 20% Extent and
Operation of the charge The charge operates as first charge basis on the whole of the
hypothecated current assets and movable fixed assets of the company both
present and future and mortgage properties of the company to secure the
maximum amount under the said charge fixed at Rs.538.000 Millions together
with interest, costs and charges thereon. Others The Borrower shall not do or allow anything which may prejudice the
security and shall comply with the terms and conditions of the Agreements. The overall limit is also secured by corporate guarantee of M/s.
Industrial Alloys (India) Private Limited. |
|
Short particulars of the property charged |
Hypothecation of raw materials, stocks-in-process, finished goods and
receivables. Hypothecation of all movable fixed assets (excluding vehicle and land
& building) of the Company. Land admeasuring about 33 Cottah 14 Ch 4 Sft 900 sq. ft situated at
Holding No.7, T N Mukherjee Road, Mouza Uttarpara, P.S. Uttarpara, Word No.07
District Hooghly in the State of West Bengal. |
|
Date of latest modification prior to the present modification |
25.04.2008 |
|
Particulars of the present modification |
By this modification, the overall limit is enhanced from
Rs.38,80,00,000/- to Rs.538.000 Millions as stated under: Cash Credit : Rs.20.000 Millions PCL/PCFC : Rs.40.000 Millions FDBN/FDBP : Rs.55.000 Millions BE under LC : Rs.25.000 Millions Bank Guarantee : Rs.3.000 Millions Inland/Import LC : Rs.150.000 Millions Forward Sale Contract : Rs.150.000 Millions Forward Purchase Contract : Rs.95.000 Millions Overall Limit : Rs.538.000 Millions |
FIXED ASSETS:
- Land
- Plant and Machinery
- Electrical Installation
- Furnace
- Factory Shed
- Furniture and Fixture
- Typewriter
- Office Equipment
- Magnetic Seperator
- Computer
- Fax Machine
- Motor Car
- Air Conditioners
- Generator
- H P Motor
- Coffee Machine
- Refrigerator
AS PER WEBSITE DETAIS
PROFILE
Subject is a private owned Limited company dealing in Ferro alloys for last more then 30 years. It is a family business started by Late Shri Kishan Lal Mahipal and since then has been constantly progressing. The Promoters are committed to provide best of services to their customers and also for constant improvement in technology and services. THAT’S how it has created high reputation among the people in its Industry. The management also has commitment and obligation towards society and Environment which is never ignored. The promoters are associated with various organisation for betterment of society.
The company was formed in the Year 1982 initially for small trading in few
ferro alloys. It has been adding various other products as per the customer’s
demand and has also diversified its business in other lucrative areas. The main
customers are the Steel Plants, Foundries, and Welding Electrode
Industry. The company is having wide experience in International trade
however in such short time has created a very good name for itself. This has
been possible because of Timely shipment, Quality material and Competitive
prices.
They are committed to meet customer’s requirement complying with not only the
needs of their customer but exceeding their Expectation and at right time,
every time and at competitive price through involvement and innovations.
They are also committed for continual improvement through reviewing and
updating of all processes to take care of technological improvements and
changing needs of Business.
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.55.64 |
|
|
1 |
Rs.88.10 |
|
Euro |
1 |
Rs.69.83 |
INFORMATION DETAILS
|
Report Prepared
by : |
KVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
49 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.