|
Report Date : |
10.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
KAPISH EXPORTS PRIVATE LIMITED |
|
|
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Registered
Office : |
B-21 Manoj Vihar Indirapuram, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
09.11.2005 |
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Com. Reg. No.: |
20-030942 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17118UP2005PTC030942 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MRTK01104F |
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|
PAN No.: [Permanent Account No.] |
AACCK6887C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and exporter of ladies garments. |
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|
No. of Employees
: |
90 (Approximately), (In Office 15+ In factory 75). |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 2300 |
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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 a relatively small company having moderate track record.
The financial strength of the company is below average. 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 – 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.
INFORMATION PARTED BY
|
Name : |
Mr. Anand |
|
Designation : |
Director |
|
Contact No.: |
91-9810024562 |
|
Date : |
04.04.2013 |
LOCATIONS
|
Registered Office : |
B-21 Manoj Vihar Indirapuram, |
|
Tel. No.: |
91-120-4323224 / 4355217 |
|
Mobile No.: |
91-9810024562 (Mr. Anand Sharma) / 91-9810307545 (Ms. Sujata Sharma) |
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Fax No.: |
91-120-4323224 |
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E-Mail : |
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Website : |
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Area : |
1500 sq. ft |
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Location : |
Owned |
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|
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Factory : |
D-171, Sector-10, District Gautam Budha
Nagar, Noida – 201301, |
|
Tel. No.: |
91-120-4323224 / 4355217 |
|
Fax No.: |
91-120-4323224 |
|
Area : |
6000 sq. ft |
|
Location : |
Rented |
DIRECTORS
As on : 29.09.2012
|
Name : |
Mr. Anand Sharma |
|
Designation : |
Director |
|
Address : |
D-171, Sector-10, District Gautam Budh Nagar, Noida – 201301, |
|
Date of Birth/Age : |
24.10.1966 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
09.11.2005 |
|
DIN No.: |
00768807 |
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|
|
|
Name : |
Ms. Sujata Sharma |
|
Designation : |
Director |
|
Address : |
B-21 Manoj Vihar Indirapuram, |
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Date of Birth/Age : |
02.04.1957 |
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Qualification : |
Post Graduate |
|
Date of Appointment : |
09.11.2005 |
|
DIN No.: |
00768855 |
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|
|
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on : 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Anand Sharma |
5000 |
|
Sujata Sharma |
5000 |
|
Total |
10000 |
Equity
Share Break up (Percentage of Total Equity)
As on : 29.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and exporter of ladies garments. |
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Exports : |
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Products : |
Garments |
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Countries : |
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Terms : |
|
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Selling : |
Advance |
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Purchasing : |
Advance |
GENERAL INFORMATION
|
Suppliers : |
·
Khurana and Sons, |
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|
|
|
Customers : |
End Users, Wholesalers, Retailers, OEM’s |
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|
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No. of Employees : |
90 (Approximately), (In Office 15+ In factory 75). |
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|
|
|
Bankers : |
·
City Bank, Sector-18, Noida, ·
Punjab National Bank, ·
Axis Bank, Noida Main Branch, Noida, ·
Karnataka Bank, Sector 18, Noida, |
|
|
|
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Facilities : |
-- |
|
Auditors : |
|
|
Name : |
Yuvraj Singh and Associates Chartered Accountants |
|
Address : |
D-85, Sector-6, Noida – 201301, |
|
Tel. No.: |
91-120-4321897 |
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Mobile No.: |
91-9811526936 |
|
Fax No.: |
Not Available |
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E-Mail : |
|
|
PAN No.: |
AIQPS1524D |
CAPITAL STRUCTURE
As on : 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs. 10/-each |
Rs. 0.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs. 10/-each |
Rs. 0.100 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.478 |
0.364 |
0.242 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
0.578 |
0.464 |
0.342 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.176 |
|
|
2] Unsecured Loans |
2.013 |
1.420 |
0.000 |
|
|
TOTAL BORROWING |
2.013 |
1.420 |
0.176 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
2.591 |
1.884 |
0.518 |
|
|
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|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
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|
FIXED ASSETS [Net Block] |
0.597 |
0.656 |
0.731 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
2.553
|
0.780 |
1.025
|
|
|
Sundry Debtors |
1.477
|
0.223 |
1.631
|
|
|
Cash & Bank Balances |
0.517
|
1.424 |
2.057
|
|
|
Other Current Assets |
0.008
|
0.025 |
0.000
|
|
|
Loans & Advances |
0.268
|
0.938 |
0.999
|
|
Total
Current Assets |
4.823
|
3.390 |
5.712 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
2.463
|
1.868 |
4.020
|
|
|
Other Current Liabilities |
0.314
|
0.229 |
1.791
|
|
|
Provisions |
0.052
|
0.065 |
0.114
|
|
Total
Current Liabilities |
2.829
|
2.162 |
5.925
|
|
|
Net Current Assets |
1.994
|
1.228 |
(0.213)
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2.591 |
1.884 |
0.518 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
15.566 (Due to Market
down, stock value down sales affected) |
15.845 |
18.241 |
|
|
|
Other Income |
NA |
0.563 |
0.169 |
|
|
|
TOTAL |
NA |
16.408 |
18.410 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
16.210 |
18.107 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.166 |
0.198 |
0.303 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.052 |
0.075 |
0.175 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.114 |
0.123 |
0.128 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.364 |
0.241 |
0.114 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
0.478 |
0.364 |
0.242 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
NA |
15.035 |
|
|
TOTAL EARNINGS |
NA |
NA |
15.035 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
11.40 |
12.26 |
12.80 |
|
Expected Sales 2012-2011 : Rs. 25.000 Millions
The above information has been parted by Mr. Anand
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.73
|
0.75 |
0.70 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.06
|
1.21 |
1.65 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.06
|
4.89 |
17.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28
|
0.43 |
0.88 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.48
|
3.06 |
0.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.70
|
1.56 |
0.96 |
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 |
Yes |
|
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
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
--------------------- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if
applicable) |
Yes |
|
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 |
No |
|
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 |
No |
UNSECURED LOAN :
(Rs. in Millions)
|
Particulars |
As on 31.03.2012 |
As on 31.03.2011 |
|
Loans from
related parties: Interest free loans from Related parties repayable on demand |
2.013 |
1.420 |
|
Total |
2.013 |
1.420 |
COMPANY OVERVIEW :
The company Kapish Exports Private Limited is incorporated on 9th
November 2005. The Company is engaged in business of manufacture and sale of
garments
FIXED ASSETS :
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. 54.46 |
|
|
1 |
Rs. 83.12 |
|
Euro |
1 |
Rs. 70.98 |
INFORMATION DETAILS
|
Report Prepared
by : |
|
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 |
2 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
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.