|
Report Date : |
25.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
KSHATRIYA IMPEX PRIVATE LIMITED |
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Registered
Office : |
1, Bhoir Industrial Estate,
Pokharan, Road No.1, Upvan, Thane (West) Thane -400606, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
28.02.1997 |
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Com. Reg. No.: |
11-106214 |
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Capital Investment/
Paid-up Capital: |
Rs.3.939 Millions |
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|
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CIN No.: [Company Identification
No.] |
U51496MH1997PTC106214 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEKO5091C |
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PAN No.: [Permanent Account No.] |
AABCK5646E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Laminate Film |
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No. of
Employees: |
10 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 38000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. Profitability
of the company appears to be very low. However, trade relations are reported as fair. Business is active.
Payments are reported to be slow. The company can be considered for business dealings with some
caution. |
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) |
|
|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Ms. Supriya |
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Designation : |
Accountant |
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Contact No.: |
91-22-257704144 |
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Date : |
22.06.2012 |
LOCATIONS
|
Registered Office : |
1, Bhoir Industrial Estate,
Pokharan, Road No.1, Upvan, Thane (West) Thane -400606, |
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Tel. No.: |
91-22-25770401/14 |
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Fax No.: |
91-22-25777583 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Head Office : |
217, Hiranandani Industrial Estate Office L.B.S Marg, Kanjumag (West)
Opposite Kanjurmarg Railway Station Mumbai -400078, |
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Tel. No.: |
91-22-25770401/25770414 |
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Fax No.: |
91-22-25777583 |
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E-Mail : |
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Factory : |
Radheshyam Industrial Complex Taluka Shahapur At.Asangaon, Thane, |
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DIRECTORS
As on 28.09.2011
|
Name : |
Mrs. Asha Rambahadur Singh |
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Designation : |
Director |
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Address : |
403, Devprayag CHS Limited, |
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Date of Appointment : |
28.02.1997 |
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Din No.: |
00857459 |
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|||||||||||||||||||||||||||
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Name : |
Mr. Rambahadur Ramsamujh Singh |
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Designation : |
Director |
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Address : |
403, Devprayag CHS Limited, |
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Date of Appointment : |
28.02.1997 |
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Din No.: |
00857435 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Asha Rambahadur Singh |
|
136498 |
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Rambahadur Ramsamujh Singh |
|
257396 |
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N.D Sanghrahjka |
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2 |
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Omprakash |
|
2 |
|
Rashmi Singh |
|
2 |
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Total |
|
393900 |
As on 28.09.2011
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Laminate Film |
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Terms : |
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Selling : |
Depends |
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Purchasing : |
Depends |
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GENERAL INFORMATION
|
Suppliers : |
·
New ·
Amisha
Clearing Agency ·
Bharat Paper Mart ·
·
Henkel CAC Private Limited ·
Jash Pharama Chem ·
J.J Enterprises ·
Mahavir Marketing ·
Nisarg Chemicals ·
Ruchi Chem ·
Shan Packaging ·
Shiv Mangal Enterprises ·
Shree sai Chemicals ·
Harsh Sales Corporation ·
M.R Traders ·
S.S. Industries |
||||||||||||||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||||||||||||||
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Customers : |
Manufacturer ·
Bshambler Dayal Shri Niwas and Sona ·
Ceekay Enterprises ·
Chanlngers Polymers ·
Chemocrate Sales ·
Daya Sales ·
Hieena Impex ·
H.M.K Enterprises ·
Indo Colur Trading Company ·
Nirmal Agencies ·
Raj Borax Limited ·
Vishal Enterprises ·
Manishan Organic |
||||||||||||||||||||||||||||||||||||||||||
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No. of Employees : |
10 (Approximately) |
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Bankers : |
·
The Karur Vysya Bank Limited, Then Branch, Shop
No.1,2,3, Vihang Vihar CHS Limited, M L Dhingra Road, Panchpakhadi, Thane
(West) Thane -400602, Maharashtra, India ·
Citi Bank |
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Facilities : |
Rs.
In Millions
|
|
|
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Banking
Relations : |
-- |
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|
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Auditors : |
|
|
Name : |
Awadesh Singh Chartered Accountant |
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Address : |
403, B –Ambar Lokrachana CHS Limited, Amar Nagar Mulund West, Mumbai –
400082, |
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Pan No.: |
AUAPS7659H |
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|
|
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Share |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
393900 |
Equity Share |
Rs.10/- each |
Rs.3.939
Millions |
|
|
|
|
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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 |
3.939 |
2.439 |
2.439 |
|
|
2] Share Application Money |
0.000 |
4.500 |
0.000 |
|
|
3] Reserves & Surplus |
5.486 |
2.324 |
2.258 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
9.425 |
9.263 |
4.697 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
19.630 |
20.471 |
15.202 |
|
|
2] Unsecured Loans |
4.289 |
1.603 |
5.706 |
|
|
TOTAL BORROWING |
23.919 |
22.074 |
20.908 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
33.344 |
31.337 |
25.605 |
|
|
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
12.222 |
13.641 |
14.732 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.050 |
0.050 |
0.050 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
14.217
|
12.330 |
7.182 |
|
|
Sundry Debtors |
13.146
|
7.916 |
6.991 |
|
|
Cash & Bank Balances |
0.173
|
0.941 |
0.379 |
|
|
Other Current Assets |
2.024
|
1.642 |
0.459 |
|
|
Loans & Advances |
2.344
|
2.568 |
2.890 |
|
Total
Current Assets |
31.904
|
25.397 |
17.901 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
8.780
|
6.136 |
4.715 |
|
|
Other Current Liabilities |
0.813
|
0.449 |
1.151 |
|
|
Provisions |
1.336
|
1.166 |
1.212 |
|
Total
Current Liabilities |
10.929
|
7.751 |
7.078 |
|
|
Net Current Assets |
20.975
|
17.646 |
10.823 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.097 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
33.344 |
31.337 |
25.605 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
69.091 |
75.018 |
75.924 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) |
0.242 |
0.116 |
1.142 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.080 |
0.050 |
0.270 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) |
0.162 |
(0.066) |
0.872 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.41 |
- |
- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Net Profit Margin (PBT/Sales) |
(%) |
0.35
|
0.15 |
1.50 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.55
|
0.30 |
3.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03
|
0.01 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.70
|
3.22 |
5.96 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.92
|
3.28 |
2.53 |
LOCAL AGENCY FURTHER INFORMATION
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
|
Locality
of the Firm |
Yes |
|
Constitution
of the firm |
Yes |
|
Premises
details |
Yes |
|
Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
Yes |
|
No.
of Employees |
Yes |
|
Name
of Person Contacted |
Yes |
|
Designation
of contact person |
Yes |
|
Turnover
of firm for last three years |
Yes |
|
Profitability
for last three years |
Yes |
|
Reasons
for variation <> 20% |
- |
|
Estimation
for coming financial year |
No |
|
Capital
the business |
Yes |
|
Details
of sister concerns |
No |
|
Major
Suppliers |
Yes |
|
Major
Customers |
Yes |
|
Payment
Terms |
Yes |
|
Export
/ Import Details [If Applicable] |
No |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
Yes |
|
Conduct
of the banking account |
- |
|
Buyer
visit details |
- |
|
Financials,
if provided |
Yes |
|
Incorporation
details, if applicable |
Yes |
|
Last
accounts filed at ROC |
Yes |
|
Major
Shareholders, if applicable |
Yes |
Operation: The Company has earned profit to the tune
Rs.0.242 Millions during the year ended 31.03.2011. The Company is nor
declaring dividend to its shareholders
Form : 8
|
Corporate identity number of the company |
U51496MH1997PTC106214 |
|
Name of the company |
KSHATRIYA IMPEX PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
1, Bhoir
Industrial Estate, pokharan, Road
No.1, Upvan, Thane (West) Thane
-400606, Email: ksh@vsnl.net |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the
charge to be modified |
90145767 |
|
Type of charge |
·
Movable property (not being pledge) ·
Book Debts ·
Others
|
|
Particular of charge holder |
The Karur Vysya
Bank Limited, Then Branch, Shop No.1,2,3, Vihang Vihar CHS Limited, M L
Dhingra Road, Panchpakhadi, Thane (West) Thane -400602, Maharashtra, India Email: adlalwani@rediffmail.com |
|
Nature of instrument creating charge |
1.Agreement For Credit Facillities. |
|
Date of instrument Creating the charge |
29.11.2011 |
|
Amount secured by the charge |
Rs.50.225 Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate
of interest As Stipualted By Bank From Time To Time Terms
of repayment As Stipualted By Bank From Time To Time Margin As Stipualted By Bank From Time To Time Extent
and Operation of the charge: First charge (present and future)=total
limit Rs..50.225 Millions (OCC =Rs..10.000 Millions, T.L.-B=Rs..32.00
Millions, HPL-M=Rs..3.350 Millions, OCC=Rs..5.000 Millions, HPLM ii = Rs..5.000 Millions HPLM iii = Rs..0.950
Millions , short term loan =Rs..2.500 Millions, ILC=Rs..2.500 Millions, HPLM
iv=0.350 Millions FLC Rs.5.000 Millions, foreign letter of credit=Rs..15.000
Millions and credit equivalent limit Rs..1.875 Millions) and/or as stipulated
by bank from time to time Others:
As Stipulated By Bank From Time To Time
And As Per Agreement Attached And As Per Sanction Letter Of The Bank |
|
Short particulars of the property or
asset(s) charged (including complete address and location of the property) |
first charge(present and future on
following assets) (1)hypothecation of all
stock/goods/inventories/products kept at borrower
place/premises/factories/godowns/etc or whereeverelse or in transit including brought under l.c./bank finance (2)Hypothecation Of All Book Debts And
Receivables 3)Hypothecation Of All Current, Fixed and
Movable Assets (4)Hypothecation Of All Plant and
Machinery and Furniture and Fixtures (5)Hypothecation Of All Assets Purchased
Out Of Bank Finance (6) emg of ind.gala bearing no a and a1 in
the radheshyam ind.complex ,at survey no 165/4 and 171 situated at vill.
asangaon,taluka shahpur,thane (7)emg of land at Plot No A-30,near
S.B.I.,MIDC, Badlapur Industrial .Area, Kulgaon,Badlapur,Thane
with building |
|
Particulars of the present modification |
By this modification limit enhanced from
Rs..33.350 Millions to 50.225 Millions (OCC=Rs..100.00 Millions,
T.L.-B=Rs..3.200 Millions, HPL-M=Rs.33.50 Millions, OCC=Rs.5.000Millions,
HPLM ii=Rs..0.5005lacs HPLM iii=Rs..0.950 Millions, short term
loan=Rs..2.500 Millions, ILC=Rs.2.500Millions, HPLM iv=0.500 Millions FLC
Rs..5.000 Millions foreign letter of credit=Rs..150Millions &credit
equivalent limit Rs..1.875 Millions),continued security as given by original
charge as well as by modification, terms and conditions as per agreement
attached & as per sanction letter |
FIXED ASSETS:
·
Factory Shed
·
Land and Building
·
Furniture and Fixtures
·
Plant and Machinery
·
Electrical Installation
·
Air Condition
·
Computer
·
Fax Machine
·
Generator
·
Motor Cycle
·
Tools and Equipment
·
·
Motor Car
·
Telephone Equipment
·
Office Equipment
AS PER WEB SITE DETAILS
Profile
KIPL is an private limited company promoted by a
experienced Techno-commercial person having wide national and international
business experience. The company was established in Feb.1997 and started
manufacturing operation in feb.1999. Their factory is located near Mumbai in
Thane district of Maharashtra. They have capacity to manufacture 600000 running
meters pa. of cold lamination film with 100% indigenous technology developed in
house. The company is headed by Mr.R.B.Singh and supported by an small but very
capable and sincer cohesive team of Technical as well commercial members.
O
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.56.99 |
|
|
1 |
Rs.88.97 |
|
Euro |
1 |
Rs.71.57 |
INFORMATION DETAILS
|
Information Gathered
by : |
SBA |
|
|
|
|
Report Prepared
by : |
BYI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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.