MIRA
INFORM REPORT
|
Report Date : |
24.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
KIMBERLY-CLARK LEVER PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
KIMBERLY-CLARK LEVER LIMITED |
|
|
|
|
Registered Office
: |
Gat No. 934-937, Village Sanaswadi, Taluka- Shirur, Pune – 412208,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
20.09.1994 |
|
|
|
|
Com. Reg. No.: |
11-081290 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.725.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999PN1994PTC081290 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK4647E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers,
Dealers, Distributors, Importers and Exporters of Baby and Child Care
Products. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1800000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a 50:50 joint venture between Hindustan Unilever Limited
and Kimberly – Clark Corporation USA. It is an established company having moderate track record. There
appears some accumulated losses recorded by the company. However, there appears no external borrowing. The subject gets good
financial support from its holding company. Trade relations are reported to be fair. Business is active. Payments
are reported to be slow but correct. 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.
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
Management Non Co-Operative (91-20-30547175)
LOCATIONS
|
Registered Office : |
Gat No. 934-937, Village Sanaswadi, Taluka- Shirur, Pune – 412208,
Maharashtra, India |
|
Tel. No.: |
91-2137-252545 to
49/ 252156 |
|
Fax No.: |
91-2137-252533 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate
Office : |
165/ 166 Backbay
Reclamation, Churchgate, Mumbai – 400020, |
|
Tel. No.: |
91-22-22876222 |
|
Fax No.: |
91-22-22041920/
3117 |
DIRECTORS
As on: 17.08.2012
|
Name : |
Mr. Nitin Keshav Paranjpe |
|
Designation : |
Director |
|
Address : |
5, |
|
Date of Birth/Age : |
04.03.1963 |
|
Date of Appointment : |
13.04.2006 |
|
Voter ID No.: |
ISD3005105 |
|
DIN No.: |
00045204 |
|
|
|
|
Name : |
Mr. Prakash
Kulathu Iyer |
|
Designation : |
Director |
|
Address : |
1402, Chaitanya
Towers, C Wing, Appasaheb Marathe Marg, Prabbhadevi, Mumbai - 400025,
Maharashtra, India |
|
Date of
Birth/Age : |
15.03.1962 |
|
Qualification
: |
B. Sc, PGDM |
|
Experience : |
26 Years |
|
Date of
Appointment : |
01.01.2010 |
|
PAN No.: |
AAFPI3992L |
|
DIN No.: |
02927193 |
|
|
|
|
Name : |
Mr. Hemant Sudarshan Bakshi |
|
Designation : |
Director |
|
Address : |
1 Alhambra, 3 Carmichael Road, Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
23.03.1964 |
|
Date of Appointment : |
06.03.2012 |
|
DIN No.: |
02362738 |
|
|
|
|
Name : |
Mr. Kabir Ahmed Shakir |
|
Designation : |
Director |
|
Address : |
76 Mirbakshi Ali St, Royapettah CH-14, MDI CH-78, Chennai – 600014,
Tamilnadu, India |
|
Date of Birth/Age : |
24.06.1971 |
|
Date of Appointment : |
16.09.2011 |
|
DIN No.: |
03584898 |
|
|
|
|
Name : |
Ms. Achal Agarwal |
|
Designation : |
Director |
|
Address : |
Flata 38/F, Highcliff, 41D Stubbs Road, Happy Valley, Hong Kong –
WCHS56 |
|
Date of Birth/Age : |
04.08.1959 |
|
Date of Appointment : |
12.03.2012 |
|
DIN No.: |
05225330 |
|
|
|
|
Name : |
Rodney George Olsen |
|
Designation : |
Director |
|
Address : |
6607 Waggoner Drive, Dallas Texas – 75230, USA |
|
Date of Birth/Age : |
25.06.1955 |
|
Date of Appointment : |
26.06.2012 |
|
DIN No.: |
05256954 |
KEY EXECUTIVES
|
Name : |
Mr. Anil Chandak |
|
Designation : |
Secretary |
|
Address : |
Lunkad Gold Coast, Flat C-1/202, Viman Nagar, Pune – 411014, Maharashtra,
India |
|
Date of Birth/Age : |
03.03.1977 |
|
Date of Appointment : |
27.06.2012 |
|
PAN No.: |
ACSPC1164F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 17.08.2012
|
Names of Shareholders |
|
No. of Shares |
|
Kimberly-Clark Corporation,
|
|
36250000 |
|
Hindustan
Unilever Limited, |
|
36249997 |
|
Unilever Exports
Private Limited, |
|
1 |
|
Ponds Exports
Limited, India |
|
1 |
|
Sridhar
Ramamurthy Jointly with Unilever India Exports Private Limited, India |
|
1 |
|
|
|
|
|
Total |
|
72500000 |
Equity Share Break up (Percentage of Total Equity)
As on: 17.08.2012
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
50.00 |
|
Bodies corporate |
|
49.99 |
|
Other top fifty shareholders |
|
0.01 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers,
Dealers, Distributors, Importers and Exporters of Baby and Child Care
Products. |
||||||||||
|
|
|
||||||||||
|
Products : |
|
PRODUCTION STATUS (As on: 31.03.2011)
|
Particulars |
Unit |
Licensed Capacity |
Installed Capacity |
Actual Production |
|
|
|
|
|
|
|
Disposable
Diapers |
Nos. |
162000000 |
261000000 |
242036096 |
|
Sanitary Napkins |
Nos. |
29435200 |
171465984 |
16690512 |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
|
|
|
|
Bankers : |
·
State
Bank of India, Pune, Maharashtra, India
·
ABN
Amro Bank, ·
ICICI
Bank Limited |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
N. M. Raiji and
Company Chartered
Accountants |
|
Address : |
Universal Insurance
Building, Pherozeshah Mehta Road, Mumbai - 411001, Maharashtra, India |
|
Tel. No.: |
91-22-22870068/
22873463/ 22837482 |
|
Fax No.: |
91-22-22828646/
22650578 |
|
E-Mail : |
|
|
PAN.: |
AAAFN4217G |
|
|
|
|
Companies under
common control : |
· Colombiana Kimberly Colapapel S A · Kimberly Clark Philippines Inc. · Kimberly Clark Malayisa · Kimberly-Clark Hygiene Products Private Limited CIN No.: U21015MH1995PTC093191 · Kimberly Clark Global Sales LLC · Kimberly Clark World Wide Inc. · Kimberly Clark De Maxico · Kimberly Clark Asia Pacific Pte. Limited · Kimberly Clark International Services · Kimberly Clark Australia · Kimberly Clark Hygiene Products Private Limited |
|
|
|
|
Holding Company : |
· Hindustan Unilever Limited CIN No.: L15140MH1933PLC002030 · Kimberly Clark Corporation |
CAPITAL STRUCTURE
As on: 17.08.2012
Authorised Capital : Rs.1000.000
Millions
Issued, Subscribed & Paid-up Capital : Rs.794.000 Millions
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
80000000 |
Equity Shares |
Rs.10/- each |
Rs.800.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
72500000 |
Equity Shares |
Rs.10/- each |
Rs.725.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
725.000 |
725.000 |
|
(b) Reserves & Surplus |
|
(260.609) |
(108.842) |
|
(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) |
|
464.391 |
616.158 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
19.383 |
21.623 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
4.139 |
3.643 |
|
Total Non-current
Liabilities (3) |
|
23.522 |
25.266 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
892.676 |
1289.593 |
|
(c) Other current liabilities |
|
67.408 |
55.091 |
|
(d) Short-term provisions |
|
3.083 |
3.263 |
|
Total Current
Liabilities (4) |
|
963.167 |
1347.947 |
|
|
|
|
|
|
TOTAL |
|
1451.080 |
1989.371 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
333.380 |
361.024 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
6.018 |
0.555 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
90.325 |
90.311 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
429.723 |
451.890 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
554.468 |
586.682 |
|
(c) Trade receivables |
|
53.791 |
61.824 |
|
(d) Cash and cash equivalents |
|
311.765 |
829.892 |
|
(e) Short-term loans and advances |
|
84.713 |
35.251 |
|
(f) Other current assets |
|
16.620 |
23.832 |
|
Total Current
Assets |
|
1021.357 |
1537.481 |
|
|
|
|
|
|
TOTAL |
|
1451.080 |
1989.371 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
725.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
122.058 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
847.058 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
25.819 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
872.877 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
360.281 |
|
|
Capital work-in-progress |
|
|
11.333 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
339.983
|
|
|
Sundry Debtors |
|
|
78.299
|
|
|
Cash & Bank Balances |
|
|
711.780
|
|
|
Other Current Assets |
|
|
18.622
|
|
|
Loans & Advances |
|
|
98.060
|
|
Total
Current Assets |
|
|
1246.744
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
676.999
|
|
|
Other Current Liabilities |
|
|
68.482
|
|
|
Provisions |
|
|
0.000
|
|
Total
Current Liabilities |
|
|
745.481
|
|
|
Net Current Assets |
|
|
501.263
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
872.877 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
2110.494 |
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
2444.221 |
2110.494 |
1995.654 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
2639.307 |
2345.590 |
2021.067 |
|
|
|
Financial Expenses |
|
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
TOTAL |
2639.307 |
2345.590 |
2021.067 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(195.086) |
(235.096) |
(25.413) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(43.319) |
(4.197) |
(3.394) |
|
|
|
|
|
|
|
|
|
|
PROFIT/P (LOSS)
AFTER TAX |
(151.767) |
(230.899) |
(22.019) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
90.500 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials & Packing Materials |
|
|
348.782 |
|
|
|
Semi Finished Products |
|
|
0.000 |
|
|
|
Components, Stores and Spare Parts |
|
|
16.822 |
|
|
TOTAL IMPORTS |
NA |
NA |
365.604 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(2.09) |
(3.18) |
(0.30) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(6.21) |
(10.94) |
(1.10) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(13.50) |
(11.82) |
(1.58) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.42) |
(0.38) |
(0.03) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.06 |
1.14 |
1.67 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT
MATURITIES OF LONG-TERM DEBT DETAILS – NOT AVAILABLE
|
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 |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating, if available |
No |
FINANCIAL PERFORMANCE
During the year, the Company has registered the Total Income of Rs. 2444.221 Millions as against 2110.494 Millions for the previous year. The Loss after tax for the year was Rs. 195.086 Millions as compared to Rs. 235.096 Millions for the previous year. The baby and Child Care business continued to grow and registered significant growth in the year. New packs and sales channels were introduced as the business focused on driving affordability and building acceptability for diapers. Pants as a format continued to see higher level of growths. On Feminine Care, the Company is focused on building an innovation pipeline, aligned to its long term strategic ambition for this category.
FIXED ASSETS:
Tangible Assets
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Computer Equipments
AS PER WEBSITE DETAILS:
Press Release:
KIMBERLY-CLARK LEVER
APPOINTS CALVIN LYNGDOH AS THE NEW HR HEAD IN INDIA
February 15, 2013,
06.20PM IST
NEW DELHI: FMCG firm Kimberly-Clark Lever has appointed
Calvin Lyngdoh as director, HR for its Indian operations, the company said in a
statement.
Lyngdoh joins Kimberly-Clark Lever from Nokia
where he was head of development, leadership and talent acquisition,
responsible for streamlining and expanding the sales and marketing team.
In his new role, Lyngdoh will oversee
Kimberly-Clark Lever's signature human resource programmes and initiatives in
India and will report to managing director Prakash Iyer. Kimberly-Clark has a
50:50 joint venture with Hindustan Unilever in India.
""Calvin's experience in attracting,
developing, rewarding and retaining top talent is vital to Kimberly-Clark Lever
and the people who make our brands among India's most trusted," Prakash
Iyer, MD, Kimberly-Clark Lever said in a statement.
Speaking on his new role, Lyngdoh said:
"Kimberly-Clark Lever is a leading player in the FMCG sector and is
already engaged in rich and diverse employee engagement programmes. I look
forward to bringing my experience in driving leadership development programmes,
succession planning and talent acquisition to the human resources team
here."
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.64.69 |
|
|
1 |
Rs.100.80 |
|
Euro |
1 |
Rs.86.30 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLV |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
36 |
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.