MIRA
INFORM REPORT
|
Report Date : |
22.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
KRISHNA SHEET PROCESSORS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
801, Business Classic, 8th Floor, |
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|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
10.04.1995 |
|
|
|
|
Com. Reg. No.: |
11-087327 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 31.220 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100MH1995PTC087327 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMK13053F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK9040M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Trader and Dealer of M.S. Steel Products. |
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|
|
|
No. of Employees
: |
100 (Approximately) |
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 1900000 |
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|
|
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually correct |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is a part of the Krishna Group. It is a well established
company having a satisfactory track record. There appears drastic fall in the
profitability during the current year. However, general financial position of the company seems to be good.
Performance capacity appears to be high. 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 normal 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.
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Cash Credit = BBB- |
|
Rating Explanation |
Having moderate degree of safety regarding timely servicing of financial
obligation it carry moderate credit risk. |
|
Date |
January 2013 |
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. Rohit Gupta |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9322220809 |
|
Date : |
21.08.2013 |
LOCATIONS
|
Registered Office / Corporate Office : |
801, Business Classic, 8th Floor, |
|
Tel. No.: |
91-22-23453411/ 23453412/ 23411729/ 28774746/ 40332033 |
|
Mobile No.: |
91-9322220809 (Mr. Rohit Gupta) |
|
Fax No.: |
91-22-23411739 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Warehouse : |
C-26, M.I.D.C., Taloja, Navi Mumbai, |
DIRECTORS
As on 26.09.2012
|
Name : |
Mr. Kapilkumar Rupchand Agarwal |
|
Designation : |
Director |
|
Address : |
E-403, Pleasant Park, Plot No.60, |
|
Date of Birth/Age : |
20.09.1964 |
|
Date of Appointment : |
10.04.1995 |
|
DIN No.: |
00216944 |
|
PAN No.: |
AACPA0977E |
|
|
|
|
Name : |
Mr. Dharampal Rameshwar Dass Gupta |
|
Designation : |
Director |
|
Address : |
Row House No.13, Village Naupada Junction of LBS Marg, Eastern Highway,
Thane – 400 602, |
|
Date of Birth/Age : |
10.02.1948 |
|
Date of Appointment : |
10.04.1995 |
|
DIN No.: |
00216983 |
|
PAN No.: |
ABTPG1622L |
|
|
|
|
Name : |
Mr. Biharisaran Babulal Khandelwal |
|
Designation : |
Director |
|
Address : |
A-602, |
|
Date of Birth/Age : |
20.10.1947 |
|
Date of Appointment : |
10.04.1995 |
|
DIN No.: |
00217021 |
|
PAN No.: |
AACPK5606Q |
KEY EXECUTIVES
|
Name : |
Mr. Rohit Gupta |
|
Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Biharisaran Khandelwal |
|
19300 |
|
Biharisaran Khandelwal (HUF) |
|
7000 |
|
Shashikala B. Khandelwal |
|
35250 |
|
Sheenu V. Khandelwal |
|
31500 |
|
Vikram B. Khandelwal |
|
11000 |
|
Kapil Kumar Agarwal |
|
27000 |
|
Bindu K. Agarwal |
|
47550 |
|
Dharampal R. Gupta |
|
3800 |
|
Rajendrakumar Singhal |
|
100 |
|
Rohit D. Gupta |
|
23000 |
|
Premier Soya Limited, |
|
23495 |
|
Indo Con Core Private Limited, |
|
11830 |
|
Smita R. Gupta |
|
4100 |
|
Sudha D. Gupta |
|
300 |
|
Krishna Coil Cutter Private Limited, |
|
66975 |
|
Total |
|
312200 |
As on 26.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
35.00 |
|
Directors or relatives of Directors |
65.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Dealer of M.S. Steel Products. |
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Products : |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
·
China ·
Korea ·
Japan |
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Terms : |
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Selling : |
Cash / Credit |
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Purchasing : |
Cash / Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Essar Steal Limited ·
Uttam Galva Steal Limited |
|
|
|
|
Customers : |
Retailers ·
Tata Motors ·
Mahindra and mahindra |
|
|
|
|
No. of Employees : |
100 (Approximately) |
|
|
|
|
Bankers : |
Bank of Baroda, Malad West Branch, Shantinath Shopping Centre, 1st
Floor, S.V. Road, Malad (West), Mumbai – 400 064, Maharashtra, India |
|
|
|
|
Facilities : |
LC Rs.600.000 millions (From Bank of Baroda) |
|
|
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|
Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Thakkar and Somaiya Chartered Accountants |
|
Address : |
101-A/102-B, Giriraj 1st Floor, |
|
PAN.: |
AAAFT1285G |
|
|
|
|
Associates : |
· Kanha Enterprises Private Limited CIN No. : U65929DL1997PTC089734 · Krishna Coil Cutters Private Limited CIN No.: U27106GJ2007PTC050197 ·
Khandelwal Sales Corporation |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
312200 |
Equity Shares |
Rs.100/-
each |
Rs.31.220
Millions |
|
|
|
|
|
Disclosure of
shareholding more than five per cent in company
|
Name of shareholder |
Number of shares held in company |
Percentage of shareholding in company |
|
Biharisaran Khandelwal |
19,300 |
6.18% |
|
Shashikala Khandelwal |
35,250 |
11.29% |
|
Sheenu Khandelwal |
31,500 |
10.09% |
|
Kapilkumar Agarwal |
27,000 |
6.18% |
|
Bindu Agarwal |
47,550 |
15.23% |
|
Rohit Gupta |
23,000 |
7.37% |
|
Premier Soya Limited |
23,495 |
7.53% |
|
Krishna Coil Cutters Private Limited |
66,975 |
6.18% |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
31.220 |
31.220 |
|
(b) Reserves & Surplus |
|
465.522 |
436.893 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
496.742 |
468.113 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.767 |
0.000 |
|
(c) Other long term liabilities |
|
0.482 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
1.249 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
1.556 |
5.708 |
|
(b) Trade payables |
|
314.571 |
250.376 |
|
(c) Other current
liabilities |
|
173.796 |
381.807 |
|
(d) Short-term provisions |
|
13.000 |
27.500 |
|
Total Current Liabilities (4) |
|
502.923 |
665.391 |
|
|
|
|
|
|
TOTAL |
|
1000.914 |
1133.504 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
49.407 |
48.466 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
62.631 |
22.631 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
87.854 |
70.022 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
199.892 |
141.119 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
157.301 |
234.639 |
|
(c) Trade receivables |
|
335.956 |
405.783 |
|
(d) Cash and cash
equivalents |
|
141.648 |
112.710 |
|
(e) Short-term loans and
advances |
|
166.117 |
239.253 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
801.022 |
992.385 |
|
|
|
|
|
|
TOTAL |
|
1000.914 |
1133.504 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
31.220 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
380.013 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
411.233 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
128.428 |
|
|
2] Unsecured Loans |
|
|
15.394 |
|
|
TOTAL BORROWING |
|
|
143.822 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
555.055 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
40.576 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
12.460 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
476.038 |
|
|
Sundry Debtors |
|
|
202.415 |
|
|
Cash & Bank Balances |
|
|
114.029 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
133.913 |
|
Total
Current Assets |
|
|
926.395 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
45.549 |
|
|
Other Current Liabilities |
|
|
406.376 |
|
|
Provisions |
|
|
18.000 |
|
Total
Current Liabilities |
|
|
469.925 |
|
|
Net Current Assets |
|
|
502.019 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
555.055 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
2900.056 |
2683.787 |
2029.960 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
2900.056 |
2683.787 |
2029.960 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
2855.170 |
2597.470 |
1969.001 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
2855.170 |
2597.470 |
1969.001 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
44.886 |
86.317 |
60.959 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
2.558 |
1.957 |
1.809 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
42.328 |
84.360 |
59.150 |
|
|
|
|
|
|
|
|
|
|
TAX |
12.931 |
27.480 |
17.911 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
29.397 |
56.880 |
41.813 |
|
|
|
|
|
|
|
|
|
|
TRANSFER TO
GENERAL RESERVE |
29.000 |
57.500 |
40.000 |
|
|
|
|
|
|
|
|
|
|
VALUE OF IMPORTS |
132.394 |
37.985 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
94.16 |
182.19 |
133.93 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
3500.000 |
Expected Sales (2013-14) : Rs.
The above information has been parted by Mr. Rohit Gupta.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.01
|
2.12 |
2.06 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.51
|
7.59 |
6.12 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
0.18 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00
|
0.00 |
0.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.59
|
1.49 |
2.18 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT
Rs. In Millions
|
Particular |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
Current maturities of long-term debt |
0.000 |
0.000 |
NA |
|
|
|
|
|
|
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 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 |
Yes |
|
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 |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
OPERATIONS:
During the year, the company has been able to achieve Sales and Other Income of Rs.2900.000 Millions and Increased by 09.33% as compared to the previous year. The Pre-Tax Net Profits have down Rs.84.360 Millions in the Previous Year to Rs.42.328 Millions in Current Year representing downward trend by 49.82% due to the exceptional / extra availing item of Income to the Tune of Rs.31.338 Millions in the previous year. Thus the margin of net profit slightly petty down by 20.17%.
However the margins have been decreased marginally due to increased in Volume of Turnover in the Current Year as compared to the previous year. The performance of the company even though is quiet good. Your directors are however confident and capable as well to maintain the status quo as long as their consistent efforts to up lift the efficiencies in all the segements of its operation in the prevailing circumstances of market in India as well as International Market.
FUTURE OUTLOOK:
The economy has been passing through slow down particularly in automobiles, construction and infrastructures inview of lack of fund with Governmental Authorities. However, your directors feel that this scenerio would not last too long and rays of hopes can not be ruled out. As a protective approach, your directors are finding new avenues and opportunities to strengthen the working of the company.
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Short Term Loans
|
|
|
|
Other Loans and advances |
1.556 |
5.708 |
|
Total |
1.556 |
5.708 |
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U27100MH1995PTC087327 |
|
Name of the
company |
KRISHNA SHEET
PROCESSORS PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
801, Business Classic, E-Mail: info@krishnasheet.com |
|
This form is for |
Modification of
charge |
|
Charge identification (ID) number of the charge to be modified |
90152278 |
|
Type of charge |
Book debts Movable property
(not being pledge) |
|
Particular of
charge holder |
Bank of Baroda, Malad West Branch, Shantinath Shopping Centre, 1st
Floor, S.V. Road, Malad (West), Mumbai – 400 064, Maharashtra, India E-Mail: shirishshetye@gmail.com |
|
Nature of
instrument creating charge |
Supplemental
Composite Agreement of Hypothecation of Goods, Book-Debts, Moveable Machinery
and Vehicles. |
|
Date of
instrument Creating the charge |
30.01.2010 |
|
Amount secured by
the charge |
Rs.600.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest Interest on the
Cash Credit limit at the rate of 1% below Prime Lending Rate of the Bank per
annum with monthly rests. Terms of repayment On Demand. Margin 25% on the
Stocks. 40% on the Book
Debts. 20% cash margin
in respect of Letter of Credit facility. Extent and operation of the charge The charge is
modified to secure Cash Credit (Stock and Book Debts) - Rs.200.000 Millions,
Inland/Import LC (DP/DA 120 days) - Rs.400.000 Millions, aggregating to
Rs.600.000 Millions together with interest, additional interest, further
interest by way of liquidated damages, compound interest, commitment charges,
commission, Premia on pre-payment, cost, charges, expenses and other moneys
payable by the Borrower to the Bank. |
|
Short particulars
of the property charged (Including location of the property) |
All the
Borrower's stocks of RMs, SIP, FGs, consumable spares and packing materials. All the book-debts
in respect of supplies made to various Govt. Departments or limited companies
etc. as evidenced by supply bills, receipted challans / receipited invoices
deposited with the bank. All the moveable
machinery of the Borrower, including all stores and spare parts, both present
and future belonging to the Borrower and all the vehicles. |
|
Date of
instrument modifying the charge |
11.09.2008 |
|
Particulars of
the present modification |
The charge is
increased up to Rs.600.000 Millions to cover Cash Credit (Stock and Book
Debts) - Rs.200.000 Millions (Review), Inland/Import LC (DP/DA 120 days) -
Rs.400.000 Millions (increased from Rs.100.000 Millions). The charge is
shifted from Prabhadevi Branch, Mumbai to Malad (West) Branch, Mumbai. |
FIXED ASSETS:
· Building
· Plant and Machinery
· Office Equipments
· Computer
· Furniture and Fixtures
· Vehicles
· Motor Car
· 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.63.46 |
|
|
1 |
Rs.99.42 |
|
Euro |
1 |
Rs.85.12 |
INFORMATION DETAILS
|
Information Gathered
by : |
PLV |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
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 |
|
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.