MIRA
INFORM REPORT
|
Report Date : |
28.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
KHANNA POLYRIB PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
24/168, Birhana Road, Kanpur-208001, Uttar Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
04.06.1992 |
|
|
|
|
Com. Reg. No.: |
20-014429 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 13.490 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51109UP1992PTC014429 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of sheets, rods, tubes, blocks,
machinery parts as per drawing, from PP, PE300, PE500, PE1000, PA, ABS, HI-PS
etc. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 170000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Profitability of the company seems to be fair. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. The company can be considered for business dealings 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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
India’s current
account deficit narrowed in the quarter ended September as government measures
to curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million estimated
losses suffered by India due to phishing attacks during the third quarter,
according to a study by RSA. India ranks fourth in the list of nations hit by
phishing attacks. The US remained at the top of the charts. Phishing is the
process of acquiring information such as user names, passwords and credit card
details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260 million
in September, 2012, according to Deloitte report. The number of transactions
has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
SE 2B |
|
Rating Explanation |
High performance capability and moderate financial strength. |
|
Date |
27.12.2012 |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office / Head Office : |
24/168, Birhana Road, Kanpur-208001, Uttar Pradesh, India |
|
Tel. No.: |
91-512-3932800 |
|
Fax No.: |
91-512-2352058 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Plot No.191-193, Akrampur Industrial Estate, Unnao-209801, Uttar
Pradesh, India |
|
|
|
|
Delhi Branch : |
A-107, DDA Complex, Okhla Industrial Area, Phase II, New Delhi-110020,
India |
|
Tel. No.: |
91-11-26384242 / 4343 |
|
Fax No.: |
91-11-65902819 |
|
|
|
|
Bhiwandi Branch : |
B37-38, Paresh Complex, Vill Kalher, Bhiwandi, Maharashtra, India |
|
|
|
|
Kolkata Branch : |
183A, Park Street, Kolkata-700017, West Bengal, India |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Arun Kumar Khanna |
|
Designation : |
Director |
|
Address : |
3A/87, Azad Nagar, Kanpur-208002, Uttar Pradesh, India |
|
Date of Birth/Age : |
10.08.1949 |
|
Date of Appointment : |
04.06.1992 |
|
DIN No.: |
00290729 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U25204UP1988PTC009333 |
K B K PLASCON
PRIVATE LIMITED |
Director |
09/02/1988 |
09/02/1988 |
Active |
NO |
|
2 |
U51109UP1992PTC014429 |
KHANNA POLYRIB
PRIVATE LIMITED |
Director |
04/06/1992 |
04/06/1992 |
Active |
NO |
|
3 |
U65910DL1997PTC210038 |
KBK POLYMERS
PRIVATE LIMITED |
Director |
06/02/1997 |
06/02/1997 |
Active |
NO |
|
4 |
U51495UP1998PTC023742 |
DEE JAY SALES
PRIVATE LIMITED |
Director |
03/08/1998 |
03/08/1998 |
Active |
NO |
|
Name : |
Mr. Mohit Khanna |
|
Designation : |
Director |
|
Address : |
3A/87, Azad Nagar, Kanpur-208002, Uttar Pradesh, India |
|
Date of Birth/Age : |
08.01.1976 |
|
Date of Appointment : |
30.09.2005 |
|
DIN No.: |
00290739 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U25204UP1988PTC009333 |
K B K PLASCON
PRIVATE LIMITED |
Director |
01/11/1997 |
01/11/1997 |
Active |
NO |
|
2 |
U51109UP1992PTC014429 |
KHANNA POLYRIB
PRIVATE LIMITED |
Director |
30/09/2005 |
30/09/2005 |
Active |
NO |
|
3 |
U65910DL1997PTC210038 |
KBK POLYMERS
PRIVATE LIMITED |
Director |
05/02/2008 |
05/02/2008 |
Active |
NO |
|
Name : |
Mr. Vinod Kumar Khanna |
|
Designation : |
Director |
|
Address : |
3A/87, Azad Nagar, Kanpur-208002, Uttar Pradesh, India |
|
Date of Birth/Age : |
22.08.1943 |
|
Date of Appointment : |
04.06.1992 |
|
DIN No.: |
00290749 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U25204UP1988PTC009333 |
K B K PLASCON
PRIVATE LIMITED |
Director |
09/02/1988 |
09/02/1988 |
Active |
NO |
|
2 |
U51109UP1992PTC014429 |
KHANNA POLYRIB
PRIVATE LIMITED |
Director |
04/06/1992 |
04/06/1992 |
Active |
NO |
|
3 |
U65910DL1997PTC210038 |
KBK POLYMERS
PRIVATE LIMITED |
Director |
06/02/1997 |
06/02/1997 |
Active |
NO |
|
4 |
U51495UP1998PTC023742 |
DEE JAY SALES
PRIVATE LIMITED |
Director |
03/08/1998 |
03/08/1998 |
Active |
NO |
|
Name : |
Mr. Vishal Khanna |
|
Designation : |
Director |
|
Address : |
3A/87, Azad Nagar, Kanpur-208002, Uttar Pradesh, India |
|
Date of Birth/Age : |
13.09.1974 |
|
Date of Appointment : |
01.11.1997 |
|
DIN No.: |
00290707 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U51109UP1992PTC014429 |
KHANNA POLYRIB
PRIVATE LIMITED |
Director |
01/11/1997 |
01/11/1997 |
- |
Active |
NO |
|
2 |
U31200UP2006PTC031797 |
CHHATRESHWARY
LOGISTICS PRIVATE LIMITED |
Director |
01/09/2008 |
01/09/2008 |
25/08/2009 |
Active |
NO |
|
3 |
U25204UP1988PTC009333 |
K B K PLASCON
PRIVATE LIMITED |
Director |
01/04/2010 |
01/04/2010 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Vinod Kumar Khanna |
152000 |
|
Shashi Khanna |
166500 |
|
Vishal Khanna |
285840 |
|
Pooja Khanna |
19100 |
|
Mohit Khanna |
177940 |
|
Arun Kumar Khanna |
247870 |
|
Suman Khanna |
83700 |
|
Vinod Kumar Khanna (HUF) |
1000 |
|
Arun Kuamr Khanna (HUF) |
12000 |
|
Sakshi Khanna |
14400 |
|
Kharatilal Katyal |
1100 |
|
Ram Niwas Agarwal |
1100 |
|
Meghna Khanna |
51300 |
|
Raghav Khanna |
135000 |
|
Raghav Beneficiary Trust, India |
10 |
|
Raghav Khanna Education Trust, India
|
10 |
|
Raghav Mariage Beneficiary Trust, India |
10 |
|
Manya Marriage Beneficiary Trust, India |
10 |
|
Manya Khanna Education Trust, India
|
10 |
|
Manya Beneficiary Trust, India |
10 |
|
Vrishank Khanna Education Trust, India |
10 |
|
Vrishank Beneficiary Trust, India |
1 |
|
Vrishank Marriage Beneficiary Trust, India |
10 |
|
Manna Khanna Education Trust, India
|
10 |
|
Manna Marriage Beneficiary Trust, India |
10 |
|
Manna Beneficiary Trust, India |
10 |
|
Dipra Marriage Beneficiary Trust, India |
10 |
|
Dipra Khanna Education Trust, India |
10 |
|
Dipra Beneficiary Trust, India |
10 |
|
TOTAL
|
1348991 |
AS ON 30.09.2013
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
99.99 |
|
Other top fifty shareholders |
0.01 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of sheets, rods, tubes, blocks,
machinery parts as per drawing, from PP, PE300, PE500, PE1000, PA, ABS, HI-PS
etc. |
|
|
|
|
Products : |
·
Polymer Sheets and Blocks ·
Polymer Machinery Spares |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
·
Bank of India, Kasturba Marg Branch, Thapar
House, Birhana Road, Kanpur-208001, Uttar Pradesh, India ·
State Bank of India, Industrial Finance Branch, B-13,
Sarvodaya Nagar, Kanpur-208005, Uttar Pradesh, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kanodia Agarwal and Company Chartered Accountant |
|
Address : |
58/53, Brihana Road, Kanpur-208001, Uttar Pradesh, India |
|
PAN No.: |
AAEFK1323J |
|
|
|
|
Associates : |
·
Khanna Brothers, Kanpur ·
KBK Plascon (Private) Limited ·
KBK Polymers (Private) Limited |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1349000 |
Equity Shares |
Rs.10/- each |
Rs. 13.490
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
13.490 |
13.490 |
13.490 |
|
(b) Reserves & Surplus |
30.641 |
27.362 |
21.346 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
44.131 |
40.852 |
34.836 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
58.250 |
48.832 |
44.733 |
|
(b) Deferred tax liabilities (Net) |
0.183 |
0.437 |
0.317 |
|
(c) Other long term liabilities |
2.272 |
1.417 |
1.327 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
60.705 |
50.686 |
46.377 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
53.077 |
50.308 |
50.008 |
|
(b) Trade payables |
23.464 |
14.823 |
22.565 |
|
(c) Other current
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term provisions |
2.663 |
3.264 |
2.492 |
|
Total Current Liabilities (4) |
79.204 |
68.395 |
75.065 |
|
|
|
|
|
|
TOTAL |
184.040 |
159.933 |
156.278 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
32.317 |
41.698 |
35.807 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
6.992 |
0.177 |
2.279 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.086 |
0.086 |
0.086 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.463 |
5.096 |
2.553 |
|
(e) Other Non-current assets |
4.348 |
4.220 |
1.028 |
|
Total Non-Current Assets |
46.206 |
51.277 |
41.753 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
25.741 |
38.995 |
42.858 |
|
(c) Trade receivables |
54.047 |
48.269 |
50.343 |
|
(d) Cash and cash
equivalents |
14.586 |
14.692 |
12.717 |
|
(e) Short-term loans and
advances |
16.595 |
5.163 |
7.614 |
|
(f) Other current assets |
26.865 |
1.537 |
0.993 |
|
Total Current Assets |
137.834 |
108.656 |
114.525 |
|
|
|
|
|
|
TOTAL |
184.040 |
159.933 |
156.278 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
235.622 |
235.540 |
|
|
|
|
Other Income |
NA |
NA |
|
|
|
|
TOTAL |
NA |
NA |
198.732 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
NA |
|
|
|
|
|
Purchase of Stock In Trade |
|
|
|
|
|
|
Employee benefits expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
193.210 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
4.844 |
8.721 |
5.522 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
1.768 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
NA |
NA |
3.754 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.281 |
6.432 |
1.363 |
|
|
TOTAL EARNINGS |
0.281 |
6.432 |
1.363 |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
20.209 |
17.104 |
22.277 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
-- |
-- |
2.78 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
NA
|
NA |
1.89 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.06
|
3.70 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.74
|
5.46 |
3.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11
|
0.21 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.52
|
2.43 |
2.72 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.74
|
1.59 |
1.53 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming financial
year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
|
Unsecured Loan |
Rs.
In Millions 31.03.2013 |
Rs.
In Millions 31.03.2012 |
|
Long Term
Borrowings |
|
|
|
Loan from Other Companies |
2.113 |
1.784 |
|
Loan From Related Parties |
44.186 |
39.947 |
|
Short Term
Borrowings |
|
|
|
Standard Charted Bank (Due to over issue of cheques) |
0.000 |
0.066 |
|
|
|
|
|
TOTAL |
46.299 |
41.797 |
VIEW INDEX OF
CHARGES
|
S. No |
Charge ID |
Date of Charge Creation /Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN |
|
1 |
10423527 |
08/03/2013 |
2,500,000.00 |
BANK OF INDIA |
KASTURBA MARG BRANCH, 26/41, THAPAR HOUSE,
BIRHANA ROAD, KANPUR, UTTAR PRADESH - 208001, INDIA |
B74346388 |
|
2 |
10423528 |
08/03/2013 |
10,000,000.00 |
BANK OF INDIA |
KASTURBA MARG BRANCH, 26/41, THAPAR HOUSE,
BIRHANA ROAD, KANPUR, UTTAR PRADESH - 208001, INDIA |
B74346701 |
|
3 |
10346024 |
13/04/2012 * |
76,250,000.00 |
BANK OF INDIA |
KASTURBA MARG BRANCH, 26/41 THAPAR HOUSE,
BIRHANA ROAD, KANPUR, UTTAR
PRADESH - 208001, INDIA |
B37965845 |
|
4 |
10321277 |
21/11/2011 |
15,000,000.00 |
BANK OF INDIA |
KASTURBA MARG BRANCH, 26/41 THAPAR HOUSE,
BIRHANA ROAD, KANPUR, UTTAR
PRADESH - 208001, INDIA |
B26948901 |
|
5 |
10243172 |
25/08/2010 |
11,700,000.00 |
BANK OF INDIA |
KASTURBA MARG BRANCH, THAPAR HOUSE,
BIRHANA ROAD, KANPUR, UTTAR
PRADESH - 208001, INDIA |
A96289491 |
|
6 |
90275937 |
17/12/2007 * |
25,000,000.00 |
BANK OF INDIA |
KASTURBA MARG BRANCH, THAPAR HOUSE,
BIRHANA ROAD, KANPUR, UTTAR PRADESH
- 208001, INDIA |
A30539910 |
|
7 |
90280364 |
02/07/2004 * |
1,875,000.00 |
BANK OF INDIA |
KASTURBA MARG BRANCH, KANPUR, UTTAR
PRADESH, INDIA |
- |
|
8 |
90280349 |
15/09/2003 * |
28,000,000.00 |
BANK OF INDIA |
KASTURBA MARG BRANCH, KANPUR, UTTAR PRADESH,
INDIA |
- |
|
9 |
90279952 |
02/07/2004 * |
6,000,000.00 |
BANK OF INDIA |
KASTURBA MARG BRANCH, KANPUR, Uttar
PRADESH, INDIA |
- |
|
10 |
90279950 |
15/09/2003 * |
6,000,000.00 |
BANK OF INDIA |
KASTURBA MARG BRANCH, KANPUR, Uttar
PRADESH, INDIA |
- |
|
11 |
90273544 |
10/06/2013 * |
111,700,000.00 |
BANK OF INDIA |
KASTURBA MARG BRANCH, THAPAR HOUSE,
BIRHANA ROAD, KANPUR, UTTAR
PRADESH - 208001, INDIA |
B79723821 |
|
12 |
90279836 |
01/06/2013 * |
70,000,000.00 |
BANK OF INDIA |
KASTURBA MARG BRANCH, THAPAR HOUSE,
BIRHANA ROAD, KANPUR, UTTAR
PRADESH - 208001, INDIA |
B79697538 |
|
* Date of charge modification |
||||||
FINANCIAL RESULTS
During the year, the company has achieved the turnover of Rs. 235.622 Millions
despite adverse market conditions as compared to 235.540 Millions in the
previous year. The Company has earned Profit of Rs. 4.844 Millions after
providing for Depreciation of Rs. 4.376 Millions during the year. The directors
of the Company are optimistic for better results during the current year.
FIXED ASSETS
·
Land
·
Factory Building
·
Plant and Machinery
·
Furniture and Fixtures
·
Generator
·
Office Equipments
·
Fire Fighting Equipment
·
Vehicle
·
Computer
·
Air Conditioner
·
Boilers
·
Motor Cycle
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. 62.09 |
|
|
1 |
Rs. 102.03 |
|
Euro |
1 |
Rs. 85.27 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
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 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.