1. Summary Information
|
Country |
India |
||
|
Company Name |
KUNJAL SYNERGIES
PRIVATE LIMITED |
Principal Name 1 |
Mr. Nishith
Parekh |
|
Status |
Satisfactory |
Principal Name 2 |
Mrs. Kusum Parekh |
|
Registration # |
21-113542 |
||
|
Street Address |
15-D, Everest
House, 46-C, |
||
|
Established Date |
20.02.2007 |
SIC Code |
-- |
|
Telephone# |
91-33-22881217/ 8/ 9 |
Business Style 1 |
Distribution |
|
Fax # |
91-33-22881223 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Industrial Chemicals |
|
|
# of employees |
Not Available |
Product Name 2 |
Petrochemicals |
|
Paid up capital |
Rs.4,860,000/- |
Product Name 3 |
Solvents |
|
Shareholders |
Bodies corporate 21.81 % Directors or
relatives of Directors 78.19 % |
Banking |
Bank
of India |
|
Public Limited Corp. |
NO |
Business Period |
6 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (46) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Relatives of Key management personnel |
India |
Krest Organics Private Limited |
-- |
|
|
|
|
|
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
553,578,000 |
Current Liabilities |
386,356,000 |
|
Inventories |
117,477,000 |
Long-term Liabilities |
101,554,000 |
|
Fixed Assets |
2,276,000 |
Other Liabilities |
11,486,000 |
|
Deferred Assets |
185,000 |
Total Liabilities |
499,396,000 |
|
Invest& other Assets |
5,471,000 |
Retained Earnings |
174,731,000 |
|
|
|
Net Worth |
179,591,000 |
|
Total Assets |
678,987,000 |
Total Liab. & Equity |
678,987,000 |
|
Total Assets (Previous Year) |
533,393,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
NA |
Net Profit |
23,832,000 |
|
Sales(Previous yr) |
NA |
Net Profit(Prev.yr) |
13,635,000 |
MIRA INFORM REPORT
|
Report Date : |
03.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
KUNJAL SYNERGIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
15-D, Everest House, 46-C, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation
: |
20.02.2007 |
|
|
|
|
Com. Reg. No.: |
21-113542 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.4.860 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24233WB2007PTC113542 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
CALK05405B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCK9990L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Distribution of Industrial Chemicals, Petrochemicals, Solvents
and Polyester Fibres. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 720000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. The company profits has increased in 2012. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like Tunisia, Egypt, Libya and Vietnam.
Once powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years respectively.
By 2020, emerging Asia will become the world’s largest consuming block,
overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain fragile.
The Indian economy demonstrated remarkable resilience in the initial years of
the contagion but finally lost ground last year. GDP growth slowed down.
Currency has been weakening. There is a marked deceleration in agriculture,
industry and services. Dampening sentiment led to a cut-back in investment as
well as private consumption expenditure. Inflation remained at high
levels fuelled by the pressure from the food and fuel sectors. The large fiscal
and current account deficit s continued to cause grave concern. It is
imperative that India regains its growth trajectory of 8-9 % sooner than later.
This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
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 DECLINED BY
|
Name : |
Mr. J Dalal |
|
Designation : |
H R Department |
|
Contact No.: |
91-33-2281217 |
|
Date : |
02.08.2013 |
LOCATIONS
|
Registered Office : |
15-D, Everest House, 46-C, |
|
Tel. No.: |
91-33-22881217/ 8/ 9 |
|
Fax No.: |
91-33-22881223 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Nishith
Parekh |
|
Designation : |
Director |
|
Address : |
168, |
|
Date of Birth/Age : |
17.12.1960 |
|
Date of Appointment : |
20.02.2007 |
|
PAN No.: |
AFQPP2696J |
|
DIN No.: |
00211817 |
|
|
|
|
Name : |
Mrs. Kusum Parekh |
|
Designation : |
Director |
|
Address : |
168, |
|
Date of Birth/Age : |
16.10.1947 |
|
Date of Appointment : |
21.06.2007 |
|
PAN No.: |
AJUPP8808J |
|
DIN No.: |
00211874 |
KEY EXECUTIVES
|
Name : |
Mr. Nikunj Parekh |
|
Designation : |
International Business Executive |
|
Email : |
|
|
|
|
|
Name : |
Mr. Amish Parekh |
|
Designation : |
Senior Vice President |
|
Email : |
|
|
|
|
|
Name : |
Mr. Sanjay Doshi |
|
Designation : |
General Manager – Marketing Product Manager – LAB, Phenol, Paraffin |
|
Email : |
|
|
|
|
|
Name : |
Mr. Debnath Banerjee |
|
Designation : |
Senior Manager – Marketing Product Manager – Soda Ash, Glycerine
|
|
Email : |
|
|
|
|
|
Name : |
Mr. Rupak Chatterjee |
|
Designation : |
Senior Manager – Marketing Product Manager – Recron 3s, Glycols |
|
Email : |
|
|
|
|
|
Name : |
Mr. Jignesh Dalal |
|
Designation : |
Manager – Marketing Assistant Product Manger - Phenol, Glycols |
|
Email : |
|
|
|
|
|
Name : |
Mr. Partha Ganguly |
|
Designation : |
Manager – Marketing Product Manger - FibreGill |
|
Email : |
|
|
|
|
|
Name : |
Mr. J Dalal |
|
Designation : |
H R Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Nishith Parekh |
|
246080 |
|
Nikunj Parekh |
|
4000 |
|
Kusum Parekh |
|
87950 |
|
Dolphin Vintrade Private Limited, India |
|
5000 |
|
Nishith Parekh (HUF) |
|
42000 |
|
Fairplan Commodities Private Limited, India |
|
5000 |
|
Impression Suppliers Private Limited, India |
|
1000 |
|
Satyatej Vyapaar Private Limited, India |
|
5000 |
|
Krest Organics Private Limited, India |
|
40000 |
|
Deepak Pens and Plastics Private Limited, India |
|
9000 |
|
Impression Suppliers Private Limited, India |
|
2500 |
|
Nidhi Agro Private Limited, India |
|
6000 |
|
Satyatej Vyapaar Private Limited, India |
|
7500 |
|
Avon Vanijya Private Limited, India |
|
7000 |
|
Rythem Merchants Private Limited, India |
|
2750 |
|
Highview Food Traders Private Limited, India |
|
3600 |
|
Khandelwal Investment Consultants P |
|
1500 |
|
Possibl Dealcom Private Limited, India |
|
1500 |
|
Paras Adhesive Traders Private Limited, India |
|
3650 |
|
Capricon Iron and Steel Traders Private Limited, India |
|
5000 |
|
|
|
|
|
Total
|
|
486030 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
Percentage |
|
Bodies corporate |
21.81 |
|
Directors or relatives of Directors |
78.19 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distribution of Industrial Chemicals, Petrochemicals,
Solvents and Polyester Fibres. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||
|
|
|
||||||||||||||||
|
Bankers : |
|
||||||||||||||||
|
|
|
||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
A. N. Mehta and Company Chartered Accountant |
|
Address : |
13, |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAMFA5698J |
|
|
|
|
Relatives of Key management personnel: |
Krest Organics Private Limited, India |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
486030 |
Equity Shares |
Rs.10/- each |
Rs.4.860
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
4.860 |
|
(b) Reserves & Surplus |
|
|
174.731 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
|
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
|
179.591 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
101.554 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.000 |
|
(c) Other long term
liabilities |
|
|
0.000 |
|
(d) long-term
provisions |
|
|
0.000 |
|
Total Non-current
Liabilities (3) |
|
|
101.554 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
|
0.000 |
|
(b) Trade
payables |
|
|
380.463 |
|
(c) Other
current liabilities |
|
|
5.893 |
|
(d) Short-term
provisions |
|
|
11.486 |
|
Total Current
Liabilities (4) |
|
|
397.842 |
|
|
|
|
|
|
TOTAL |
|
|
678.987 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
|
2.276 |
|
(ii)
Intangible Assets |
|
|
0.000 |
|
(iii)
Capital work-in-progress |
|
|
0.000 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
5.471 |
|
(c) Deferred tax assets (net) |
|
|
0.185 |
|
(d) Long-term Loan and Advances |
|
|
2.839 |
|
(e) Other
Non-current assets |
|
|
0.000 |
|
Total Non-Current
Assets |
|
|
10.771 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
117.477 |
|
(c) Trade
receivables |
|
|
371.732 |
|
(d) Cash
and cash equivalents |
|
|
161.284 |
|
(e)
Short-term loans and advances |
|
|
9.721 |
|
(f) Other
current assets |
|
|
8.002 |
|
Total
Current Assets |
|
|
668.216 |
|
|
|
|
|
|
TOTAL |
|
|
678.987 |
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
4.640 |
4.360 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
129.119 |
87.764 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
133.759 |
92.124 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
20.475 |
13.582 |
|
|
2] Unsecured Loans |
|
10.832 |
0.130 |
|
|
TOTAL BORROWING |
|
31.307 |
13.712 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
165.066 |
105.836 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
2.768 |
2.908 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
4.670 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.145 |
0.031 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
112.515
|
97.047 |
|
|
Sundry Debtors |
|
259.857
|
105.081 |
|
|
Cash & Bank Balances |
|
0.826
|
9.811 |
|
|
Other Current Assets |
|
0.000
|
0.000 |
|
|
Loans & Advances |
|
152.589
|
54.361 |
|
Total
Current Assets |
|
525.787
|
266.300 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
349.741
|
158.746 |
|
|
Other Current Liabilities |
|
11.660
|
0.943 |
|
|
Provisions |
|
6.926
|
3.760 |
|
Total
Current Liabilities |
|
368.327
|
163.449 |
|
|
Net Current Assets |
|
157.460
|
102.851 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.023 |
0.046 |
|
|
|
|
|
|
|
|
TOTAL |
|
165.066 |
105.836 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
NA |
NA |
1105.389 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
1094.526 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
20.446 |
10.863 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
6.811 |
3.753 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) |
23.832 |
13.635 |
7.110 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
28.835 |
15.200 |
8.090 |
|
|
|
BALANCE CARRIED
TO THE B/S |
52.662 |
28.835 |
15.200 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
184.754 |
0.000 |
|
|
TOTAL EARNINGS |
NA |
184.754 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
49.03 |
29.28 |
16.31 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
NA
|
0.64 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
3.87
|
4.04 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.15
|
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.57
|
2.98
|
1.92 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.68
|
1.43
|
1.63 |
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 |
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
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 |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2012 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
Loans repayable on demand |
101.186 |
|
|
|
|
Total |
101.186 |
|
PARTICULARS |
As
on 31.03.2011 (Rs.
in Millions) |
|
Working capital loans unsecured |
10.832 |
|
Total |
10.832 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U24233WB2007PTC113542 |
|
Name of the
company |
KUNJAL SYNERGIES PRIVATE
LIMITED |
|
Address of the
registered office or of the principal place of business in |
15-D, Everest House, 46-C, Jawaharlal Nehru Road, Kolkata – 700071,
West Bengal, India Email: anmehta.ca@gmail.com |
|
This form is for |
Creation of charge |
|
Type of charge |
·
Book debts ·
PariPassu
Charge on Bookdebt and Inventory |
|
Particular of
charge holder |
CIN: U24233WB2007PTC113542 DBS Bank Limited, 4A, Nandalal Basu Sarani, Kolkata –
700071, West Bengal, India Email: anurag@dbs.com |
|
Nature of
instrument creating charge |
Deed of
hypothecation |
|
Date of
instrument Creating the charge |
27.06.2013 |
|
Amount secured by
the charge |
Rs.150.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest As per facility
agreement dated 27.06.2013 to be amended from time to time. Terms of
Repayment As per facility agreement
dated 27.06.2013 to be amended from time to time. Margin As per facility
agreement dated 27.06.2013 to be amended from time to time. Extent and
Operation of the charge First Pari Passu
Floating Charge. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation by
way of first pari passu floating charge on the goods being finished goods,
semi-finished goods, stocks of raw materials, work in process located at
various factories/ warehouses / godown of the counterparty and whether in
transit or awaiting transit by any mode of transport to the counterparty's
said factory or premises or lying at any other place now brought in, stored
at or being brought in, storied or which may hereafter be brought into or
stored anywhere in India or outside India but not relating to plant and
machinery and first pari passu floating charge on the counterparty's present
and future book debts, outstanding monies receivables, claims, bills, contracts,
engagements, |
FIXED ASSETS
Tangible assets
- Plant and
equipment
- Furniture and
fixtures
- Vehicles
- Motor
vehicles
- Office
equipment
- Computer
equipments
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.60.80 |
|
|
1 |
Rs.91.95 |
|
Euro |
1 |
Rs.80.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.