|
Report Date : |
24.09.2012 |
1.
Summary Information
|
Country |
|
||
|
Company Name |
K.A.S INDUSTRIES
INDIA LIMITED (PARKT IX) |
Principal Name 1 |
Mr. Allaudin Shameem |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Abdul Jalal Mohamed Asick |
|
Registration # |
18-012317 |
||
|
Street Address |
No. 24, (Old
No.36) |
||
|
Established Date |
25.11.2005 |
SIC Code |
-- |
|
Telephone# |
91-424-2292431 |
Business Style 1 |
Manufacturer |
|
Fax # |
Not Available |
Business Style 2 |
Importers and Exporters |
|
Homepage |
Not Available |
Product Name 1 |
Upper Leather |
|
# of employees |
Not Available |
Product Name 2 |
Lining Leather |
|
Paid up capital |
Rs.13,469,000/- |
Product Name 3 |
|
|
Shareholders |
Directors or relatives of
directors 100% |
Banking |
State Bank of |
|
Public Limited Corp. |
NO |
Business Period |
7 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba(47) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
|
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
198,188,000 |
Current Liabilities |
134,853,000 |
|
Inventories |
75,999,000 |
Long-term Liabilities |
474,008,000 |
|
Fixed Assets |
587,890,000 |
Other Liabilities |
17,786,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
626,647,000 |
|
Invest& other Assets |
5,875,000 |
Retained Earnings |
227,833,000 |
|
|
|
Net Worth |
241,305,000 |
|
Total Assets |
867,952,000 |
Total Liab. & Equity |
867,952,000 |
|
Total Assets (Previous Year) |
604,429,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
825,287,000 |
Net Profit |
60,210,000 |
|
Sales(Previous yr) |
477,899,000 |
Net Profit(Prev.yr) |
37,076,000 |
IDENTIFICATION DETAILS
|
Name : |
K.A.S INDUSTRIES INDIA LIMITED (PARKT IX) |
|
|
|
|
Registered
Office : |
No. 24, (Old No.36) |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
25.11.2005 |
|
|
|
|
Com. Reg. No.: |
18-012317 |
|
|
|
|
Capital Investment/
Paid-up Capital: |
Rs.13.469 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17111TZ2005PLC012317 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Importers and Exporters Of Upper Leather and
Lining Leather |
|
|
|
|
No. of
Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 965000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
Trade relations are reported to be fair. Business is active. Payments are
reported to be usually correct and as per commitments. The company can be considered for business dealing at usual trade
terms and condition. |
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
|
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.
LOCATIONS
|
Registered Office : |
No. 24, (Old No.36) |
|
Tel. No.: |
91-424-2292431 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Allaudin Shameem |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
192, |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.05.1956 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
25.11.2005 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
00148409 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
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|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Abdul Jalal Shahiba Begam |
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|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
192, |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
07.06.1967 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
25.11.2005 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
00179384 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Kurichi Marappa Mudaliar Varadharaj |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Kaspappettai, Erode, |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.07.1975 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
31.03.2006 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
00140479 |
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|
Passport No.: |
|
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|
Voter ID No.: |
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Other Directorship:
|
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|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Abdul Jalal Mohamed Asick |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
16, Aok Nagar B P Agraharam, Erode-638005, |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.02.1969 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
31.03.2006 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
01249945 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. P I Ashraf Ali Khan |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
C-11, Saibaba Colony, K.K Pudur, Coimbatore-38, |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.07.1975 |
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|
Date of Appointment : |
31.03.2006 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
00144413 |
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|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Allaudin Shameem |
|
1019050 |
|
Abdul Jalal Shahiba Begam |
|
327350 |
|
Sirajudden A |
|
100 |
|
Abdul Jalal Mohamed Asick |
|
100 |
|
Rashila Begum S |
|
100 |
|
K A Abdul Wahid |
|
100 |
|
Mohammed Farook A |
|
100 |
|
|
|
|
|
Total |
|
1346900 |
As on 30.03.2012
|
Names of Allottees |
|
No. of Shares |
|
KAS Tanning Company Limited |
|
32250 |
|
Mohamed Arshath |
|
29750 |
|
Total |
|
62000 |
As on 30.09.2011
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Importers and Exporters Of Upper Leather and
Lining Leather |
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
State Bank of ·
The Indian Overseas Bank, 56,57,58, Teppakulam Street,
Sankari Main Road, Tiruchengode, Namakkal -634211, Tamilnadu, India |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
Rs.
In Millions
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
A. Kumar Chartered Accountant |
|
Address : |
28/1, |
|
Pan No.: |
AMTPK6524E |
|
|
|
CAPITAL STRUCTURE
After 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1408900 |
Equity Shares |
Rs.10/- each |
Rs.14.089
Millions |
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1346900 |
Equity Shares |
Rs.10/- each |
Rs.13.469
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 |
13.469 |
13.469 |
10.000 |
|
|
2] Share Application Money |
0.003 |
0.003 |
20.817 |
|
|
3] Reserves & Surplus |
227.833 |
167.623 |
113.202 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
241.305 |
181.095 |
144.019 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
474.008 |
352.020 |
281.460 |
|
|
2] Unsecured Loans |
0.000 |
21.697 |
0.000 |
|
|
TOTAL BORROWING |
474.008 |
373.717 |
281.460 |
|
|
DEFERRED TAX LIABILITIES |
13.844 |
13.844 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
729.157 |
568.656 |
425.479 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
587.890 |
383.832 |
310.144 |
|
|
Capital work-in-progress |
0.380 |
46.245 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
5.450 |
5.450 |
5.450 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
75.999
|
61.516 |
28.190 |
|
|
Sundry Debtors |
135.662
|
59.472 |
77.951 |
|
|
Cash & Bank Balances |
21.945
|
26.243 |
37.481 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
40.581
|
19.619 |
18.523 |
|
Total
Current Assets |
274.187
|
166.850 |
162.145 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
107.012
|
25.821 |
45.986 |
|
|
Other Current Liabilities |
27.841
|
0.188 |
0.028 |
|
|
Provisions |
3.942
|
7.764 |
6.305 |
|
Total
Current Liabilities |
138.795
|
33.773 |
52.319 |
|
|
Net Current Assets |
135.392
|
133.077 |
109.826 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.045 |
0.052 |
0.059 |
|
|
|
|
|
|
|
|
TOTAL |
729.157 |
568.656 |
425.479 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
825.287 |
477.899 |
459.429 |
|
|
|
Other Income |
42.982 |
29.853 |
30.910 |
|
|
|
TOTAL (A) |
868.269 |
507.752 |
490.339 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of goods sold |
568.204 |
309.974 |
330.346 |
|
|
|
Direct/manufacturing expenses |
101.360 |
47.573 |
54.585 |
|
|
|
Personal Expenses |
9.106 |
5.386 |
5.877 |
|
|
|
Administrative selling expenses |
28.320 |
19.799 |
17.163 |
|
|
|
Preliminary expense written off |
0.007 |
0.007 |
0.007 |
|
|
|
Increase /Decrease in stock |
(0.670) |
(1.106) |
9.889 |
|
|
|
TOTAL (B) |
706.327 |
381.633 |
417.867 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
161.942 |
126.119 |
72.472 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
44.746 |
32.306 |
32.195 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
117.196 |
93.813 |
40.277 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
53.250 |
39.025 |
33.230 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
63.946 |
54.788 |
7.047 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.736 |
17.712 |
2.589 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
60.210 |
37.076 |
4.458 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
100.278 |
63.202 |
58.744 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
160.488 |
100.278 |
63.202 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
198.783 |
- |
- |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
37.87 |
- |
- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
6.93 |
7.30 |
0.91 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.75 |
11.46 |
1.53 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.42 |
9.95 |
1.49 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27 |
0.30 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.54 |
2.25 |
2.32 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.98 |
4.94 |
3.10 |
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 |
No |
|
Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
Yes |
|
No.
of Employees |
No |
|
Name
of Person Contacted |
No |
|
Designation
of contact person |
No |
|
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 |
No |
|
Major
Customers |
No |
|
Payment
Terms |
No |
|
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 |
|
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
PAN
of Proprietor/Partner/Director, if available |
No |
|
Voter
ID No of Proprietor/Partner/Director, if available |
No |
|
External Agency
Rating, if available |
No |
NOTE:
The Registered office of the company has been
shifted from Door No.192, Bhavani Main Road B.P.Agraharam Erode-5 Tamilnadu
FORM 8
|
Corporate
identity number of the company |
U17111TZ2005PLC012317 |
|
Name of the
company |
K.A.S
INDUSTRIES INDIA LIMITED (PARKT IX) |
|
Address of the
registered office or of the principal place of business in |
Door No.192, Tamil Nadu Email: ksg_comsec@yahoo.com |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be
modified |
10028192 |
|
Type of charge |
· Immovable property · Book debts · Movable property (not being pledge) · Floating charge |
|
Particular of
charge holder |
The Indian Overseas Bank, 56,57,58, Teppakulam Street, Sankari Main Road,
Tiruchengode, Namakkal -634211, Tamilnadu, India Email: roplan@salsco.iobnet.co.in
|
|
Nature of
instrument creating charge |
1)
Letter of Hypothecation 2)
Term Loan Agreement 3) Supplemental
Deed of Hypothecation / Pledge 4)
Security of Ultimate Balance 5)
Hypothecation of Book Debts 6)
Supplemental Memo. of Deposit of Title Deeds |
|
Date of
instrument Creating the charge |
10.01.2011 |
|
Amount secured by
the charge |
Rs. 693.450 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Cash Credit/Term Loan: Bank's Base Rate plus 2.75% Key Cash Credit
: Bank's Base Rate plus 3.75% Term
of Payment: Term Loan Wind Mill
Rs. 92.200 Millions: 72 installments, starting from 30/04/2011 - due
date last day of the respective months - 1 to 71 months Rs.12,81,000/-
and in 72nd month Rs.12,49,000/-
commencing from 30th April 2011 Margin Cash Credit: Stock
25% Book Debts: 50% Key Cash Credit: 25% Term Loan: 25% Bills: NIL Extent and
operation of the charge Cash Credit: Hypothecation of stock of raw
mateiral, work in progress, finished goods, stores and receivables Term
Loan: EM on factory land and building,
wind mill properties Term
Loan: Hypothecation of Plant and
Machinery, Accessories, furniture and fixtures, wind mills Bills: Document of Title to goods,
accepted Hundies Letter
of Credit: Document to Title to Goods, accepted Hundies |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation
of textile machineries, accessories, electrical erection/insurance etc. EM
lands on which the WEGs are
erected and 4 Nos Vestas - RR make Wind Electric Generator - 600 KW each Comm.vacant
land - 11629 Sq.ft at Periyar Nagar, Erode in the name of K A Shameem,
Commercial Vacant land 9375.5 Sq.ft at Residential
property (land 2500 Sq.ft with 830 Sq.ft bldg) at TS No 18/1, Arumugam
Street, Thirunagar Colony, Erode in the name of Mr K A Shameem Comm.vacant
land 7568 Sq.ft. plus 7526 .5 Sq.ft at 98/1, Janakiammal Layout,
Karungalpalayam, Erode in the name of Mr K A Shameem, Commercial Land 8178 Sq
ft at 160 Sajan Nagar, Erode – Shameem 38432.5Sq.ft
land and building at 2, 2/1-6, 0.92
cents ofland at Naripallam, 1334
Sq.ft vacant site at 3, Muthusiramani 'Street, Periampet, Chennai, 1179 Sq.ft
of land at 7, Muthusiramani Street, Periampet, Chennai, of Mr K A Shameem and
Mrs Shahiba Begam 2550
Sq.ft of land with 3300 Sq.ft of residential building at Thirunagar Colony,
Erode in the name of K A Shameem Vacant
site of 511.50 Sq.ft of land in TS No 40/1A, 41, Ward No 1(7) Kurangan
Kuttai, Erode owned by Shahiba Begam Vacant
site 2485 Sq.ft in R S No 939/2 Opposite to EM on
3 acres of land in SF No 490,489,499/2 Thenmugam, Vellode |
|
Date of last modification prior to the present modification |
19.02.2010 |
FIXED ASSETS:
·
Machines
·
Vehicles
·
Electrical Machineries
·
Building
·
Land
·
Computer
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 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 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.53.91 |
|
|
1 |
Rs.87.60 |
|
Euro |
1 |
Rs.70.01 |
INFORMATION DETAILS
|
Report Prepared
by : |
BYI |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
47 |
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.