|
Report Date : |
13.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
K M ENTERPRISES |
|
|
|
|
Registered
Office : |
WH-6, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Year of
Establishment : |
1982 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 3.000 Millions |
|
|
|
|
Legal Form : |
Sole proprietory Concern |
|
|
|
|
Line of Business
: |
Manufacturer,
Exporter and Trader of Industrial Roti Maker |
|
|
|
|
No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 12000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established proprietory concern having satisfactory
track. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitments. The concern 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.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION DECLINED BY
Note – Management non co-operative. Name not divulged.
LOCATIONS
|
Registered Office/Factory : |
WH-6, Main Road, Mayapuri, Phase-I, New Delhi
– 110064, India |
|
Tel. No.: |
91-11-32977065/28117387 |
|
Fax No.: |
91-11-28117387 |
|
E-Mail : |
info@kmgroupindia.com , vibha_vashisht@vsnl.net
, mehtakirti@rediffmail.com |
|
|
|
|
Branches : |
51, Mini Complex, Doon Cooperative, Industrial Estate, Sharanpur Road, |
SOLE PROPRIETOR
|
Name : |
Mr. Kirti Mehta |
|
Designation : |
Proprietor |
|
Address : |
Delhi, India |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and
Trader of Industrial Roti Maker |
|
|
|
|
Products : |
· Chapati Making Machine · Fully Automatic Rolling Type Machine · Fully Automatic Pressing Type Machine · Semi Automatic Pressing type machine · Dough Kneader · Vegetable Cutter · Butter Applicator · Chapati Warmer · Potato Peeler, etc |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit (30 days) |
|
|
|
|
Purchasing : |
L/C, Cash, Credit (30 days) |
GENERAL INFORMATION
|
Customers : |
·
Retailers |
|
|
|
|
No. of Employees : |
15 (Approximately) |
|
|
|
|
Bankers : |
·
HDFC Bank, Delhi, india |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs. 3.000 Millions (Estimated) |
|
Borrowed : |
-- |
|
Total : |
Rs. 3.000 Millions (Estimated) |
FINANCIAL DATA
[all figures are
in Rupees Millions]
Note – Subject refused
to give more information. Financials are according to our trade source and
observation.
|
Particulars |
|
31.03.2012 |
31.03.2011 |
|
Sales Turnover (Approximately) |
|
30.000 |
25.000 |
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
LOCAL AGENCY FURTHER INFORMATION
|
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 |
-- |
|
8)
No. of employees |
Yes |
|
9)
Name of person contacted |
No |
|
10)
Designation of contact person |
No |
|
11)
Turnover of firm for last two years |
Yes |
|
12)
Profitability for last three years |
No |
|
13)
Reasons for variation <> 20% |
-- |
|
14)
Estimation for coming financial year |
No |
|
15)
Capital in the business |
Yes |
|
16)
Details of sister concerns |
No |
|
17)
Major suppliers |
No |
|
18)
Major customers |
No |
|
19)
Payments terms |
Yes |
|
20)
Export / Import details (if applicable) |
-- |
|
21)
Market information |
-- |
|
22)
Litigations that the firm / promoter involved in |
-- |
|
23)
Banking Details |
Yes |
|
24)
Banking facility details |
No |
|
25)
Conduct of the banking account |
-- |
|
26)
Buyer visit details |
-- |
|
27)
Financials, if provided |
Yes |
|
28)
Incorporation details, if applicable |
-- |
|
29)
Last accounts filed at ROC |
-- |
|
30)
Major Shareholders, if available |
-- |
Trade References
Client List
Defence :- INS Chilka, Orrisa, INS Hamla, Mumbai, INS Angre,
Mumbai, INS India New Delhi, DFRL Mysore, AIR Force Station Delhi, 406 Air
Force Station, Bidder (Karnataka), Police Head Quarters, Jaipur, Rajasthan,
Bengal Engineering Center Roorkee(Uttaranchal), The Sikh Light Infantry
Regiment Center Fatehgarh U.P., Punjab Regimental Center [Jharkhand], Army Air
Defence Centre, Gopalpur, Orissa, INS Asvini, Mumbai, INS Tunir, Mumbai, Sikh
Regimental Centre, Ramgarh Cantt, Jharkhand, INS Hansa, Goa , Military College
of Electronics and Mechanical Engineering, Secunderabad. PC Company, Roorkee.
INS Kunjali Mumbai, INS Jalashwa vizag, NCC Centre Delhi Cantt.
Hospitals :- All India Institute of Medical Science Delhi, Army
Hospital R & R Delhi, G.B Pant Hospital (New Delhi), Institute of Human
Behaviour & Allied science, Delhi.
School/ Hostels :- L.N.J.P Gwalior, Nirmal
Charitable Trust Kurukshetra (HR), QRG Foundation Alwar Rajasthan, Baru Sahib
(HP), Mody Institute of Education &- Research, Rajasthan, Sainik School
Tialiya, Jharkhand, Institute of Management Technology [Ghaziabad U.P.], Sri
Adichunchanagiri Shikshana Trust, Mandaya (Karnataka), Raj Kumar Goel Institute
of Technology, Ghaziabad, Birla Institute of Management Technology, Noida,
Jairam Educational Trust, Salem. Bhagat Phool Singh Mahila Vishwavidhalya,
Haryana., Rishikul Vidyapeeth, Haryana. J. P. Jain Sernior Secondary School
Sonepat/Haryana, IIM Lucknow (U.P), Kumarguru College of Technology Coimbatore,
Royal College Bhubaneshwar Orissa, NIIT University Neemrana Alwar Rajasthan,
Vikash Educational Institution Bargarh Orissa, National Institute of
Engineering & Technology NOIDA U.P, Shri Leuva Patel kanya Chhatralya
Rajkot Gujrat, Jawahar Navodaya Vidyalaya Muzaffarnagar, Bishop Westcott
School, Ranchi (Jharkhand).
Corporate / Industrial Canteens
:- Hero Honda Motor Ltd.
Gurgaon Haryana, L.G.Electronic India P.Ltd, Noida, Maruti Udyog Ltd. Gurgaon
(HR), Viraj Group, Thane Maharashtra, Jindal Aluminum Ltd. Banglore, Sunbeam
Auto Ltd. Gurgaon Haryana, Continental Engine Ltd. Bhiwadi [Rajesthan], J. K.
White Cement Works [Rajasthan], Rico Auto Industries Haryana, Annuggraha Food
Supplies Pvt. Ltd., Madurai, Trichur, Gazal Caterers, Faridabad, Malcoti And
Associates Catering Services Pvt. Ltd., Rudrapur, Upper India Steel Mfg. &
Engg. Co. Ltd.,
International clientale :- Global Country of world peace
USA, Paramount Trading Establishment. Sharjah UAE, Intercat Trading LLC ,
Religious / Institutions :- Gurudwara Sri Bangla Sahib, New
Delhi, Gurudwara Sri Sis Ganj Sahib Delhi, Gurudwara Dukh Niwaran Sahib
Patiyala Punjab, Sant Nirankari Mandal New Delhi, Gurudwara Dukh Niwaran Sahib,
Ludhiyana, Gurudwara Santnivas- Israna Panipat (Haryana), Gurudwara Sri Hem
Kunt Sahib [Rishi Kesh], Gurudwara Hazursahib Nanded, Maharastra, Shri Kainchi
Dham Ashram Nainital. ISHA Foundation, Coimbatore, Kalki Foundation Chitoor
A.P, The Art of Living Center Bangalore, Shri Anandpur Trust, Ashok Nagar ,
M.P. Prajapita Brahmkumari, Mount Abu, Rajasthan. Shri Sudama Kuti, Brindavan,
Shree Swaminarayan Sanskar Pharmacy College, Gujarat, Sikh Gurudwara
Secundrabad, Tulsipeeth Sewa Nyas Chitrakoot (M.P), U & N Foundation (Arya
Orphange) Dariyaganj Delhi, Sacha Sauda Ruhani Satsang Trust Sirsa, Al Mawaid
us Saifiyah Surat, Shree Kashtabhanjan Dev Hanuman Ji Mandir, Ahmedabad,
Mastanashan Bilochistani Ashram Trust Sirsa, Shree Chitrakutdham Trust Gujarat,
Gurudwara Sri Hemkunt Sahib Management Trust Rishikesh Uttaranchal.
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.56.05 |
|
|
1 |
Rs.86.69 |
|
Euro |
1 |
Rs.69.98 |
INFORMATION DETAILS
|
Information
Gathered by : |
-- |
|
|
|
|
Report Prepared
by : |
NLM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.