1. Summary Information
|
|
|
Country |
India |
|
Company Name |
KANTILAL MANILAL
AND COMPANY PRIVATE LIMITED |
Principal Name 1 |
Mr. Anil Pannalal Shah |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Pankaj Pannalal Shah |
|
|
|
Registration # |
11-032694 |
|
Street Address |
Apeejay
Chambers, 1st Floor, Wallace Street, Fort, Mumbai – 400 001,
Maharashtra, India |
||
|
Established Date |
18.04.1984 |
SIC Code |
-- |
|
Telephone# |
91-22-22317612
/ 22072325 / 22077192 / 66317612 / 22817612 / 22072354 / 22071671 / 66317614 |
Business Style 1 |
Traders |
|
Fax # |
91-22-22317610
/ 22070376 / 22040376 / 66317610 |
Business Style 2 |
Exporter |
|
Homepage |
-- |
Product Name 1 |
Pharmaceutical Chemicals |
|
# of employees |
21
(Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 1,000,000 /- |
Product Name 3 |
-- |
|
Shareholders |
Directors or
relatives of Directors - 100.00 % |
Banking |
The Hongknong and
Shanghai Banking Corporation Limited |
|
Public Limited Corp. |
No |
Business Period |
28 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (50) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Sister Concern |
-- |
Kantilal Manilal Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
317,115,000 |
Current Liabilities |
162,667,000 |
|
Inventories |
217,023,000 |
Long-term Liabilities |
284,681,000
|
|
Fixed Assets |
3,078,000 |
Other Liabilities |
0 |
|
Deferred Assets |
266,000 |
Total Liabilities |
447,348,000 |
|
Invest& other Assets |
4,488,000 |
Retained Earnings |
85,422,000 |
|
|
|
Net Worth |
86,422,000 |
|
Total Assets |
533,770,000 |
Total Liab. & Equity |
533,770,000 |
|
Total Assets (Previous Year) |
460,891,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Total Turnover |
Not Available |
Net Profit |
8,138,000 |
|
Total Turnover (Previous yr) |
832,872,000 |
Net Profit(Prev.yr) |
8,911,000 |
|
Report Date : |
09.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
KANTILAL MANILAL
AND COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Apeejay Chambers, 1st Floor, |
|
|
|
|
Country : |
|
|
|
|
|
Financial (as on)
; |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
18.04.1984 |
|
|
|
|
Com. Reg. No.: |
11-032694 |
|
|
|
|
Capital Investment / Paid-up Capital : |
Rs.1.000 Million |
|
|
|
|
CIN No.: [Company
Identification No.] |
U24110MH1984PTC032694 |
|
|
|
|
TAN No.: [Tax Deduction & Collection Account No.] |
MUMK12362A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK5165B |
|
|
|
|
Legal Form : |
Private Limited
Liability Company |
|
|
|
|
Line of
Business : |
Traders, Exporter and Importer of Pharmaceutical Chemicals. |
|
|
|
|
No. of
Employees : |
21 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating
: |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit
Limit : |
USD 340000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment
Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and a reputed company having
satisfactory track record. Trade relations are fair. Business is active.
Payments are reported to be usually correct and as per commitments. The company can be considered good 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.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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 is developing into an open-market economy, yet traces of
its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to become
a major exporter of information technology services and software workers. In
2010, the Indian economy rebounded robustly from the global financial crisis -
in large part because of strong domestic demand - and growth exceeded 8%
year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Vinayak Desai |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9969857187 |
LOCATIONS
|
Registered
Office : |
Apeejay Chambers, 1st Floor, |
|
Tel. No.: |
91-22-22317612 / 22072325 / 22077192 / 66317612 / 22817612 / 22072354
/ 22071671 / 66317614 |
|
Mobile No.: |
91-9969857187 (Mr. Vinayak Desai) |
|
Fax No.: |
91-22-22317610 / 22070376 / 22040376 / 66317610 |
|
E-Mail : |
|
|
Area : |
1000 Sq. ft |
|
Location : |
Rented |
|
|
|
|
Warehouse : |
Located at
|
DIRECTORS
AS ON 29.08.2012
|
Name : |
Mr. Anil Pannalal Shah |
|
Designation : |
Director |
|
Address : |
Sagar
Kunj 78, |
|
Date of Birth/Age : |
27.11.1944 |
|
Qualification : |
Post
Graduate |
|
Date of Appointment : |
30.09.1995 |
|
DIN No.: |
02422033 |
|
|
|
|
Name : |
Mr. Pankaj Pannalal Shah |
|
Designation : |
Director |
|
Address : |
510,
Chandralok, A-97, |
|
Date of Birth/Age : |
14.08.1951 |
|
Qualification : |
B.
Com. |
|
Date of Appointment : |
30.09.1995 |
|
DIN No.: |
00900217 |
|
|
|
|
Name : |
Mr. Atul Vinubhai Shah |
|
Designation : |
Director |
|
Address : |
53,
Sagar Kunj 78, |
|
Date of Birth/Age : |
28.12.1960 |
|
Date of Appointment : |
30.09.1995 |
|
DIN No.: |
02422085 |
|
|
|
|
Name : |
Mr. Mukesh Kantilal Shah |
|
Designation : |
Director |
|
Address : |
12A,
Capri Co-Operative Society Limited, Mumbai - 400 006, |
|
Date of Birth/Age : |
10.01.1959 |
|
Date of Appointment : |
30.09.1995 |
|
DIN No.: |
00501188 |
|
|
|
|
Name : |
Mrs. Nilamben Champaklal Shah |
|
Designation : |
Director |
|
Address : |
12A,
Capri Co-Operative Society Limited, Mumbai - 400 006, |
|
Date of Birth/Age : |
21.08.1932 |
|
Date of Appointment : |
30.09.1995 |
|
DIN No.: |
02368354 |
KEY EXECUTIVES
|
Name : |
Mr. Vinayak Desai |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.08.2012
|
Names of Shareholders |
No. of Shares |
|
Anil P Shah Jointly Devyani A Shah |
1100 |
|
Anil P Shah (HUF) Jointly Devyani A Shah |
750 |
|
Pankaj P. Shah (H.U.F.) Jointly Charu P. Shah |
750 |
|
Charu P Shah Jointly Pankaj P Shah |
850 |
|
Mansi P. Shah Jointly Charu P.
Shah |
50 |
|
Aditi P. Shah Jointly Charu P. Shah |
50 |
|
Devyani A Shah Jointly Anil P Shah |
750 |
|
Roma A. Shah Jointly Anil P. Shah |
100 |
|
Pooja A. Shah Jointly Anil P. Shah |
100 |
|
Atul Vinibhai Shah Jointly Sheetal A Shah |
1000 |
|
Kokilaben V. Shah Jointly Vinubhai P. Shah |
200 |
|
Atul Vinibhai Shah Jointly Sheetal A Shah |
675 |
|
Sheetal A Shah Jointly Atul Vinibhai Shah |
200 |
|
Dipali V. Shah Jointly Vinubhai P. Shah |
100 |
|
Mukesh K Shah Jointly Jyoti M Shah |
650 |
|
Jyoti M. Shah Jointly Mukesh K. Shah |
150 |
|
Pankaj P. Shah Jointly Charu P.
Shah |
1100 |
|
Nilamben C. Shah Jointly Pankaj P. Shah |
400 |
|
Alok A. Shah – Minor Atul V. Shah, Jointly Sheetal A. Shah |
175 |
|
Akshay A. Shah – Minor Atul V. Shah Jointly Sheetal A. Shah |
150 |
|
Jinal M. Shah –Minor Mukesh K. Shah Jointly Jyoti M. Shah |
150 |
|
Atul V. Shah (H.U.F. Atul V. Shah Jointly Sheetal A. Shah) |
300 |
|
Mukesh K Shah ( K. M. Shah H.U.F. Jointly Jyoti M Shah) |
250 |
|
TOTAL
|
10000 |
AS ON 29.08.2012
|
Equity Shares
Break Up |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Traders, Exporter and Importer of Pharmaceutical Chemicals. |
|
|
|
|
Products : |
· Aipic Acid · Butyl Cellosove
· Bisphenol · Carbitol · Chloroform · Cyclohexane · Cycloxexanone · Cyclohexulamine
· Dimethyl
Carbonate · DMDCS · Epichlorohydrine
· Hydrazine
Hydrate · Hydroquinone · Glycerine · Maleic
Anhydride · Methyl
Cellosolve · Morpholine · Neophentyl
Glycol · Perchloroehtylene
· Petroleum Ether
· Potassium
Carbonate · N-propariol
Pure · Propionic Acid · Propionis
Anhydride · Propylene
Glycol · Pyridine Pure · Thioglycollic
Acid · Vinyl Acetane
Manomer Generic Name of the Principal Product of the company is : · Trading Pharmaceutical
Chemicals |
|
|
|
|
Exports : |
|
|
Countries : |
·
Europe |
|
|
|
|
Imports : |
|
|
Countries : |
·
USA ·
China ·
Europe |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit |
|
|
|
|
Purchasing : |
Cash, Credit |
GENERAL INFORMATION
|
Customers : |
·
End Users |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
No. of Employees : |
21 (Approximately) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
·
The Hongknong and Shanghai Banking Corporation
Limited, 52/60, Mahatma Gandhi Road, Fort, Mumbai-400001, Maharashtra,
India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ramesh C. Shah and Company Chartered Accountants |
|
Address : |
307, Venkatesh Chambers, 3rd Floor, |
|
Tel. No.: |
91-22-22075636 |
|
Fax No.: |
91-22-22070012 |
|
PAN No.: |
AADPS8834K |
|
|
|
|
Sister Concern : |
Kantilal Manilal Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000 |
Equity Shares |
Rs.100/- each |
Rs. 2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.100/-
each |
Rs. 1.000
Million |
|
|
|
|
|
NOTES
The details of share holder holding more than 5% shares
|
Name of the shareholder |
No. of Shares
Held |
Percentage held |
|
Pankaj P Shah HUF |
750 |
7.50 |
|
Mukesh K Shah |
450 |
4.50 |
|
Pankaj P Shah |
1200 |
12.00 |
|
Anil P Shah |
1100 |
11.00 |
|
Charu P Shah |
850 |
8.50 |
|
Devyani A Shah |
750 |
7.50 |
|
Atul A Shah |
1675 |
16.75 |
|
Anil P Shah HUF |
750 |
7.50 |
|
Atul V Shah HUF |
300 |
3.00 |
|
Kantilal M Shah HUF |
150 |
1.50 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1.000 |
1.000 |
1.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
85.422 |
77.284 |
68.372 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
86.422 |
78.284 |
69.372 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
58.978 |
67.020 |
36.438 |
|
|
2] Unsecured Loans |
225.703 |
223.327 |
160.470 |
|
|
TOTAL BORROWING |
284.681 |
290.347 |
196.908 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
371.103 |
368.631 |
266.280 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3.078 |
3.862 |
4.642 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.388 |
0.387 |
0.844 |
|
|
DEFERREX TAX ASSETS |
0.266 |
0.245 |
0.230 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
217.023
|
201.934
|
203.334
|
|
|
Sundry Debtors |
222.665
|
188.840
|
123.091
|
|
|
Cash & Bank Balances |
79.889
|
56.404
|
76.426
|
|
|
Other Current Assets |
0.052
|
0.000
|
0.000
|
|
|
Loans & Advances |
14.509
|
9.219
|
5.096
|
|
Total
Current Assets |
534.138
|
456.397
|
407.947
|
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
144.300
|
81.861
|
132.301
|
|
|
Other Current Liabilities |
18.367
|
9.703
|
14.622
|
|
|
Provisions |
4.100
|
0.696
|
0.460
|
|
Total
Current Liabilities |
166.767
|
92.260
|
147.383
|
|
|
Net Current Assets |
367.371
|
364.137
|
260.564
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
371.103 |
368.631 |
266.280 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
TURNOVER |
NA |
832.872 |
NA |
|
|
|
|
|
|
|
EXPENSES |
NA |
819.229 |
NA |
|
|
|
|
|
|
|
|
|
PROFIT / [LOSS]
BEFORE TAX |
NA |
13.643 |
NA |
|
|
|
|
|
|
|
Less |
TAX |
NA |
4.732 |
NA |
|
|
|
|
|
|
|
|
PROFIT / [LOSS]
AFTER TAX |
8.138 |
8.911 |
8.481 |
|
|
|
|
|
|
|
|
IMPORTS |
486.125 |
550.346 |
454.663 |
|
|
|
|
|
|
|
|
Earnings/[Loss]
Per Share (Rs.) |
813.00 |
891.13 |
848.42 |
Expected Sales (2012-2013) : Rs. 800.000 Millions
The above information has been parted by Mr. Vinayak Desai.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total
Income |
(%) |
NA
|
1.07 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
2.96 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.17 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.29
|
3.71
|
2.84
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.20
|
4.95
|
2.77
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
one 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 |
No |
|
18] |
Major customers |
No |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
OPERATIONS AND
FINANCIAL REVIEW
The company has made
a net profit after tax of Rs.8.138 Millions as against Rs.8.911 Millions in the
previous year.
UNSECURED LOAN
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Long Term
Borrowings |
|
|
|
Long Term Loans – Others |
|
|
|
From Directors |
80.850 |
83.032 |
|
From Others |
144.853 |
140.295 |
|
TOTAL |
225.703 |
223.327 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U24110MH1984
PTC032694 |
|
Name of the
company |
KANTILAL MANILAL
A COMPANY PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Apeejay Chambers, 1st Floor, Wallace Street, Fort, Mumbai – 400 001, Maharashtra, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
90228629 |
|
Type of charge |
·
Book
debts ·
Others |
|
Particular of
charge holder |
The Hongknong and Shanghai Banking Corporation Limited, 52/60, Mahatma Gandhi Road, Fort, Mumbai-400001, Maharashtra, India |
|
Nature of
instrument creating charge |
Sixth
Supplemental Hypothecation Agreement dated 15 May 2012 for Exclusive charge on
Stock and Receivables both present and future for INR 240Mn. |
|
Date of
instrument Creating the charge |
15.05.2012 |
|
Amount secured by
the charge |
Rs. 240.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest Interest shall be
payable by the Company on the banking facilities as per Bank tariff subject
however that the Bank shall have the right to change the rate of interest after
giving notice to the Company. Terms of repayment In Consideration
of Banking facilities sanctioned/to be sanctioned by the bank to the company,
the company has hypothecated and charged to the bank by way of Exclusive
charge on S&R both present and future for INR 240 M as mentioned in
Principal Deed of Hypothecation to secure the repayments of the advances
together with interest cost and all other charges. Margin The company shall
maintain such margin as may be specified by the Bank from time to time. Extent and operation of the charge In case the
Company fails to fulfill its obligations under the agreement , the bank shall
be entitled to take possession of the hypothecated assets and sell them by
public auction or private contract and utilize the proceeds in full or part
settlement of its claims |
|
Short particulars
of the property charged (Including location of the property) |
All the
borrowers's stock in trade both present and future, including stock of raw
materials, work in progress, spares and stores and finished goods wherever
stored or in transit and All the
borrower's present and future book debts, outstanding monies, receivables and
claims more particularly described in Principal DOH and Supplemental
Agreements. |
|
Date of instrument
modifying the charge |
23.04.2010 |
|
Particulars of
the present modification |
The present
modification is being done to increase the charge over stocks and book debts from
INR 185.000 Millions to INR 240.000 Millions on a Exclusive charge basis to
secure the increase in credit facilities sanctioned by The Hongkong and
Shanghai Banking Corporation Limited up to INR 240.000 Millions |
FIXED ASSETS
·
Godown Premises
·
Furniture and Fixtures
·
Electrical Installation
·
Type Writers
·
Air Conditioner
·
Refrigerator
·
Xerox Machine
·
Fax Machine
·
Computer and Printers
·
Voltage Stabilizer
·
Weighing Machine
·
Fire Extinguishers
·
Telephone System
·
Motor Cars
·
Microwave Oven
·
Books
·
Printers
·
Modem
·
Capacitor
·
Television
·
UPS
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. 53.57 |
|
|
1 |
Rs. 84.25 |
|
Euro |
1 |
Rs. 71.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT
FACTORS |
YES/NO |
YES |
|
TOTAL |
|
50 |
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.