|
Report Date : |
06.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
KALYAN INDUSTRIES |
|
|
|
|
Registered
Office : |
Opposite |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Year of Establishment : |
1962 |
|
|
|
|
Capital Investment: |
Rs. 10.000 Millions (Estimated) |
|
|
|
|
TIN No.: |
06921604314 |
|
|
|
|
IEC No.: |
3393002899 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABFK0510G |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Trader of Modular Furniture Machines,
Plywood, Making Machines, Woodworking Machines, CNC Woodworking Machines,
Combination Woodworking Machines and Saw Mill. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
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 40000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established partnership concern having satisfactory track.
Partners are reported to be well experienced and knowledgeable businessmen. Trade relations are reported as decent. The concern is progressive
well. Business is active. Payments are reported to be regular and as per
commitment. 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
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 |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Gurvinder Singh |
|
Designation : |
Partner |
|
Contact No.: |
91-9812092126 |
|
Date : |
05.11.2012 |
LOCATIONS
|
Registered Office/ Factory : |
Opposite Punjab and Sind Bank, Jagadhri Road, Yamunanagar-135001,
Haryana, India |
|
Tel. No.: |
91-1732-223694/260682 |
|
Mobile No.: |
91-9812092126/ 9812092426 |
|
Fax No.: |
91-1732-260203 |
|
E-Mail : |
|
|
Location : |
Owned |
PARTNERS
|
Name : |
Mr. Jagmohan Singh |
|
Designation : |
Partner |
|
Address : |
223, Shastri Colony, Yamunanagar-135001, Haryana, India |
|
Date of Birth/Age : |
47 Years |
|
Qualification : |
Graduate |
|
Experience : |
25 Years |
|
|
|
|
Name : |
Mr. Gurvinder Singh |
|
Designation : |
Partner |
|
Address : |
223, Shastri Colony, Yamunanagar-135001, Haryana, India |
|
Date of Birth/Age : |
42 Years |
|
Qualification : |
B Tec |
|
Experience : |
21 Years |
|
|
|
|
Name : |
Smt. Amar Kaur |
|
Designation : |
Partner |
|
Address : |
223, Shastri Colony, Yamunanagar-135001, Haryana, India |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Trader of Modular Furniture Machines, Plywood, Making Machines, Woodworking Machines, CNC Woodworking Machines, Combination Woodworking Machines and Saw Mill. |
|
|
|
|
Products : |
·
Modular Furniture Machines ·
Plywood, Making Machines ·
Woodworking Machines, ·
CNC Woodworking Machines, ·
Combination Woodworking Machines ·
Saw Mill |
|
|
|
|
Imports : |
|
|
Products : |
·
Modular Furniture Machines ·
Plywood, Making Machines ·
Woodworking Machines, ·
CNC Woodworking Machines, ·
Combination Woodworking Machines ·
Saw Mill |
|
Countries : |
All over India |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 days) |
GENERAL INFORMATION
|
Customers : |
Retailers and Others |
|
|
|
|
No. of Employees : |
50 (Approximately) |
|
|
|
|
Bankers : |
·
Central Bank of India, Yamunanagar-135001,
Haryana, India ·
HDFC Bank Limited, Yamunanagar-135001, Haryana,
India |
|
|
|
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
Not Divulged |
|
|
|
|
Sister Concerns: |
Kalyan
Associates Address: Yamunanagar – 135001, Haryana, India Line of Business: Manufacturer, Exporter and Trader of Modular Furniture
Machines, Plywood, Making Machines, Woodworking Machines, CNC Woodworking
Machines, Combination Woodworking Machines and Saw Mill. Kalyan Machinery Address: Yamunanagar – 135001, Haryana, India Line of Business: Manufacturer, Exporter and Trader of Modular
Furniture Machines, Plywood, Making Machines, Woodworking Machines, CNC
Woodworking Machines, Combination Woodworking Machines and Saw Mill. K K Enterprises
India Address: Yamunanagar – 135001, Haryana, India Line of Business: Manufacturer, Exporter and Trader of Modular
Furniture Machines, Plywood, Making Machines, Woodworking Machines, CNC
Woodworking Machines, Combination Woodworking Machines and Saw Mill. |
CAPITAL STRUCTURE
As on 31.03.2012
|
Capital Investment : |
|
|
Owned : |
Rs. 10.000 Millions (Estimated) |
|
Borrowed : |
-- |
|
Total : |
Rs. 10.000 Millions (Estimated) |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
Sales Turnover (Approximately) |
|
100.000 |
80.000 |
|
|
|
|
|
The above information has been parted by Mr. Gurvinder Singh (Partner)
Note: Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
No |
|
25] |
Conduct of the banking
account |
------ |
|
26] |
Buyer visit details |
------ |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
No |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
No |
|
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 |
No |
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.54.08 |
|
|
1 |
Rs.86.69 |
|
Euro |
1 |
Rs.69.37 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |