1. Summary Information
|
|
|
Country |
|
|
|
Company Name |
KLASSIC WHEELS PRIVATE LIMITED |
Principal Name 1 |
Mr. Neeraj Amrutlal Munot |
|
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Sunil Shantilal Munot |
|
|
|
|
Registration # |
11-080196 |
|
|
Street Address |
Hirkesh”, Near Keshar Gulab Mangal Karyalaya, Behind ADCC Bank,
Station Road, Ahmednagar- 414001, Maharashtra |
|||
|
Established Date |
09.08.1994 |
SIC Code |
-- |
|
|
Telephone# |
91-241-2341208/2419012/2777317 |
Business Style 1 |
Manufacturer |
|
|
Fax # |
91-241-2779414 |
Business Style 2 |
-- |
|
|
Homepage |
Product Name 1 |
Wheel Rims |
||
|
# of employees |
Not Available |
Product Name 2 |
Foam |
|
|
Paid up capital |
Rs.39,966,000/- |
Product Name 3 |
-- |
|
|
Shareholders |
Directors or relatives of directors (100.00%) |
Banking |
State Bank of India |
|
|
Public Limited Corp. |
No |
Business Period |
18 Years |
|
|
IPO |
No |
International Ins. |
- |
|
|
Public |
No |
Rating |
Ba (42) |
|
|
Related
Company |
||||
|
Relation
|
Country
|
Company
Name |
CEO |
|
|
- |
- |
- |
- |
|
|
Note |
- |
|||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
196,134,000 |
Current Liabilities |
72,705,000 |
|
Inventories |
22,022,000 |
Long-term Liabilities |
242,210,000 |
|
Fixed Assets |
173,055,000 |
Other Liabilities |
12,819,000 |
|
Deferred Assets |
0.000 |
Total Liabilities |
327,734,000 |
|
Invest& other Assets |
8,498,000 |
Retained Earnings |
32,009,000 |
|
|
|
Net Worth |
71,975,000 |
|
Total Assets |
399,709,000 |
Total Liab. & Equity |
399,709,000 |
|
Total Assets (Previous Year) |
276,795,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales/ Turnover |
593,420,000 |
Net Profit |
40,136,000 |
|
Sales(Previous yr)/ Turnover |
353,987,000 |
Net Profit(Prev.yr) |
14,132,000 |
MIRA
INFORM REPORT
|
Report Date : |
26.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
KLASSIC WHEELS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Hirkesh”, Near Keshar Gulab Mangal Karyalaya, Behind ADCC Bank,
Station Road, Ahmednagar- 414001, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
09.08.1994 |
|
|
|
|
Com. Reg. No.: |
11-080196 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.39.966 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29119PN1994PTC080196 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
PNEK05715D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCK3834G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers of Parts and Accessories for Motor Vehicles and their Engines. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 280000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. In
the year 2010-2011 company has performed well and wipe out its losses. Trade
relations are reported to be fair. Business is active. Payments are reported
to be usually correct and as per commitment. 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) |
|
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Cash Credit = BB- |
|
Rating Explanation |
Having moderate risk of default regarding timely servicing of
financial obligation |
|
Date |
February 2012 |
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 : |
Hirkesh”, Near Keshar Gulab Mangal Karyalaya, Behind ADCC Bank,
Station Road, Ahmednagar- 414001, Maharashtra, India |
|
Tel. No.: |
91-241-2341208/2419012/2777317 |
|
Fax No.: |
91-241-2779414/2450116/2324113 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
L-2 Block, M.I.D.C. Area, Ahmednagar – 414111, Maharashtra, India |
|
Tel. No.: |
91-241-2779412/ 2779415/ 2419011 |
|
Fax No.: |
91-241-2779414 |
|
E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Neeraj Amrutlal Munot |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
Hirikesh, Near Keshar Gulab Compound, |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
17.07.1970 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
09.08.1994 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00496568 |
||||||||||||||||||||||||||||||||||||
|
Other
Directorship
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sunil Shantilal Munot |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
Hirkesh, Near Keshar Gulab Compound, Station Road, Ahmednagar-414001,
Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
30.10.1954 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
25.05.2003 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00496601 |
||||||||||||||||||||||||||||||||||||
|
Other
Directorship
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Mohan Nemichand Munot |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
Hirikesh, Near Keshar Gulab Compound, |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
03.03.1949 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
09.08.1994 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00513642 |
||||||||||||||||||||||||||||||||||||
|
Other
Directorship
|
|||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Shantilal Nemichand Munot |
|
650000 |
|
Ramesh Nemichand Munot |
|
34600 |
|
Mohan Nemichand Munot |
|
440000 |
|
Neeraj Amrutlal Munot |
|
35100 |
|
Basantabai Nemichand Munot |
|
370000 |
|
Vimalbai Shantilal Munot |
|
50000 |
|
Sunil Shantilal Munot |
|
187200 |
|
Amrutlal Nemichand Munot |
|
690200 |
|
Savita Amrutlal Munot |
|
126000 |
|
Chitra Ramesh Munot |
|
134500 |
|
Sagar Ramesh Munot |
|
385000 |
|
Sumit Ramesh Munot |
|
355000 |
|
Jayashree Mohan Munot |
|
160000 |
|
Rashmi Mohan Munot |
|
239000 |
|
Manjushree Sunil Munot |
|
20000 |
|
Varsha Nemichand Munot |
|
50000 |
|
Mugdha Mohan Munot |
|
70000 |
|
Total |
|
3996600 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of Parts and Accessories for Motor Vehicles and their
Engines. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||
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|
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Bankers : |
|
||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sanjay M. Gandhi Chartered Accountant |
|
Address : |
257, 2nd Floor, |
|
Tel. No.: |
91-241-2452184/ 6602164 |
|
E-Mail: |
|
|
PAN No. : |
AENPG4757K |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4500000 |
Equity Shares |
Rs.10/- each |
Rs.45.000 Millions |
|
|
|
|
|
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
399600 |
Equity Shares |
Rs.10/- each |
Rs.39.966
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 |
39.966 |
39.966 |
39.966 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
32.009 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
(8.127) |
(22.258) |
|
|
NETWORTH |
71.975 |
31.839 |
17.708 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
163.175 |
138.200 |
107.610 |
|
|
2] Unsecured Loans |
79.035 |
73.411 |
75.313 |
|
|
TOTAL BORROWING |
242.210 |
211.611 |
182.923 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
314.185 |
243.450 |
200.631 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
173.055 |
65.265 |
66.172 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
8.498 |
12.637 |
12.081 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
22.022 |
13.387 |
17.169 |
|
|
Sundry Debtors |
158.493 |
121.073 |
86.861 |
|
|
Cash & Bank Balances |
5.068 |
24.211 |
0.170 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Advances and Deposits |
32.573
|
40.222
|
37.922
|
|
Total
Current Assets |
218.156
|
198.893
|
142.122
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
72.296
|
27.790
|
14.475
|
|
|
Other Current Liabilities |
0.409
|
0.370
|
0.369
|
|
|
Provisions |
12.819
|
5.185
|
4.900
|
|
Total
Current Liabilities |
85.524
|
33.345
|
19.744
|
|
|
Net Current Assets |
132.632
|
165.548
|
122.378
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
314.185 |
243.450 |
20.631 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
593.420 |
352.987 |
317.615 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
NA |
NA |
NA |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
50.429 |
16.144 |
6.446 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
10.293 |
2.012 |
0.104 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
40.136 |
14.132 |
6.342 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(8.127) |
(22.259) |
(28.601) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
32.009 |
(8.127) |
(22.259) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
100.44 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
8.50
|
4.57
|
2.03
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.89
|
6.11
|
3.09
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.70
|
0.50
|
0.36
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.55
|
7.69
|
11.44
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.55
|
5.96
|
7.20
|
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 three years |
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 |
No |
|
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 |
Note :
The registered address of the company has shift from Basant, Plot No.
6/7, Opposite Chandan Estate, Station Road, Ahmednagar – 414001, Maharashtra, India
to “Hirkesh”, Near Keshar Gulab Mangal Karyalaya, Behind ADCC Bank, Station
Road, Ahmednagar- 414001, Maharashtra, India with effect from 11.08.2011
PERFORMANCE
HIGHLIGHTS:
During the year under consideration the company achieved a turnover of
Rs.590.481 Millions and Profit of Rs.50.429 Millions.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U29119PN1994PTC080196 |
|
Name of the
company |
KLASSIC WHEELS PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
“Hirkesh”, Near Keshar Gulab Mangal Karyalaya, Behind ADDC Bank,
Station Road, Ahmednagar – 414001, Maharashtra, India |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10028513 |
|
Type of charge |
· Immovable property ·
Any interest in immovable property |
|
Particular of
charge holder |
State Bank of India, P – 11, MIDC Branch, Ahmednagar – 414 111, Maharashtra, India |
|
Nature of
instrument creating charge |
Memorandum for recording
Extension of Mortgage by Deposit of Title Deeds covering Enhanced Limits
and/or creation of Equitable Mortgage on Additional Properties for Existing
Limits and Enhanced Limits and Additional Facilities. |
|
Date of
instrument Creating the charge |
10.10.2011 |
|
Amount secured by
the charge |
Rs.244.600
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest WC-ROI@5.75%above
BR(SBAR=9.50%) Terms of Repayment WC- ON DEMAND. Review
every 12 months. Term Loan- In 80
monthly installment w.e.f. Oct. 2012. Margin Fund based
limits-Raw Material 25%, Semi Finished Goods 33%, Finished Goods 25%,
Domestic Receivables 30%. Term loan- 25%. Extent and Operation of the charge The Charge on
hypothecated Assets will continue till full repayment of Loan. Details of
Facilities (Rs. In Millions) - Cash Credit 700, Term Loan I
(Outstandings) 4.800, Term Loan II
(Outstandings) 7.700, Term Loan III
(Outstandings) 25.600, Term Loan(New)
135.000, NON FUND BASED
LIMITS- 1.500, Total Facilities
– 244.600. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Mortgage of immovable
property - land at Plot No.L-2, Ahmednagar Industrial Area, Village Nagapur,
Tal. and Registration Sub-District Nagar, District and Registration District
Ahmednagar. |
|
Particulars of
the present modification |
The Charge on
immovable property of land at Plot No.L-2 in the Ahmednagar Industrial Area
within Village Limits of Nagapur, Taluka and Registration Sub-District Nagar,
District and Registration District Ahmednagar and containing by admeasurement
10200 Sq. Mtrs. or thereabouts was extended to cover the total facilities
availed by the Company amounting to Rs.244.600 Millions |
FIXED ASSETS
·
Land
·
Factory Building
·
Plant and Machineries
·
CED Plant
·
Dies and Tools
·
Electrical Installation
·
Furniture and Fixtures
·
Computer
·
Office Equipments
·
Vehicle (LCV)
·
Staff Quarters
·
Wind Mill
·
Flat at Delhi
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.53.53 |
|
|
1 |
Rs.86.82 |
|
Euro |
1 |
Rs.69.03 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
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 |
4 |
|
--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 |
|
42 |
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.