MIRA
INFORM REPORT
|
Report Date : |
18.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
KIMPLAS PIPING SYSTEMS LIMITED |
|
|
|
|
Registered
Office : |
B-20, MIDC, Ambad, Nashik-422010, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
30.06.2012 (Profit and Loss Account) |
|
|
|
|
Date of
Incorporation : |
08.02.1996 |
|
|
|
|
Com. Reg. No.: |
11-097037 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 60.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31909MH1996PLC097037 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Electro fusion |
|
|
|
|
No. of Employees
: |
190 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 730000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. There
appears sharp dip in profitability and incurred loss during the current year.
The external borrowing seems to be increasing over a year. However, 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.
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
B+ (Long Term Rating) |
|
Rating Explanation |
Having high credit risk of default regarding timely servicing of
financial obligation. |
|
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. Akshay |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-253-6622701 |
|
Date : |
08.02.2013 |
LOCATIONS
|
Registered Office / Factory : |
B-20, MIDC, Ambad, Nashik-422010, Maharashtra, India |
|
Tel. No.: |
91-253-6622701 / 702 |
|
Fax No.: |
91-253-6604710 |
|
E-Mail : |
|
|
Website : |
www. |
|
Location : |
Owned |
|
|
|
|
Regional Offices : |
Located At ·
Mumbai ·
Noida ·
Chennai ·
Ahmedabad |
DIRECTORS
AS ON 09.09.2011
|
Name : |
Mr. Anant Ramchandra Kshirsagar |
|
Designation : |
Director |
|
Address : |
61/891, Rama Govind, Priyadarshani Park, Nashik-422009, Maharashtra,
India |
|
Date of Birth/Age : |
02.09.1954 |
|
Date of Appointment : |
31.12.2004 |
|
DIN No.: |
00189299 |
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 |
U29120MH1989PTC052079 |
TRUSTLENE
PIPES PRIVATE LIMITED |
Director |
30/09/2003 |
30/09/2003 |
- |
Amalgamated |
NO |
|
2 |
U51103MH2001PTC133867 |
GRANATE
IRRIGATION SYSTEMS PRIVATE LIMITED |
Director |
30/11/2004 |
30/11/2004 |
- |
Strike
off |
NO |
|
3 |
U01119AP2003PTC041897 |
GRANATE
AGRO SERVICES PRIVATE LIMITED |
Director |
30/11/2004 |
30/11/2004 |
- |
Strike
off |
NO |
|
4 |
U31909MH1996PLC097037 |
KIMPLAS
PIPING SYSTEMS LIMITED |
Director |
31/12/2004 |
31/12/2004 |
03/10/2011 |
Active |
NO |
|
Name : |
Mr. Anirudh Krishenlal Khanna |
|
Designation : |
Director |
|
Address : |
1303, Odyassey, Hiranandani Gardens, Powai, Mumbai-400076,
Maharashtra, India |
|
Date of Birth/Age : |
22.01.1983 |
|
Date of Appointment : |
30.11.2004 |
|
DIN No.: |
01135723 |
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 |
U67120MH1995PTC087176 |
AHURA
AASHNA TRADING AND INVESTMENTS PRIVATE LIMITED |
Director |
30/09/2003 |
30/09/2003 |
- |
Amalgamated |
NO |
|
2 |
U31909MH1996PLC097037 |
KIMPLAS
PIPING SYSTEMS LIMITED |
Whole-time
director |
01/10/2011 |
30/11/2004 |
- |
Active |
NO |
|
3 |
U67120MH1992PTC069962 |
SHISHILIN
INVESTMENT PRIVATE LIMITED |
Director |
05/01/2005 |
05/01/2005 |
- |
Amalgamated |
NO |
|
4 |
U29268MH2009PTC191353 |
KIMPLAS
ADVANCE WELDING SYSTEMS PRIVATE LIMITED |
Director |
31/03/2009 |
31/03/2009 |
- |
Active |
NO |
|
5 |
U25200AS2009PTC009125 |
PATKAAI
PLASTICS PRIVATE LIMITED |
Director |
14/07/2009 |
14/07/2009 |
01/10/2011 |
Active |
NO |
|
6 |
U65920MH1985PTC036142 |
TRENTON
INVESTMENTS COMPANY PRIVATE LIMITED |
Director |
20/09/2011 |
17/05/2011 |
- |
Active |
NO |
|
Name : |
Ms. Neelanjana Rahul Banerjee |
|
Designation : |
Director |
|
Address : |
Tulika Kadambvan, Behind, Jyoti Farms, Ambad Satpur Link Road,
Nashik-422009, Maharashtra, India |
|
Date of Birth/Age : |
14.06.1979 |
|
Date of Appointment : |
29.08.2009 |
|
DIN No.: |
01671983 |
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 |
U67120MH1995PTC087176 |
AHURA
AASHNA TRADING AND INVESTMENTS PRIVATE LIMITED |
Director |
30/11/2004 |
30/11/2004 |
Amalgamated |
NO |
|
2 |
U31909MH1996PLC097037 |
KIMPLAS
PIPING SYSTEMS LIMITED |
Director |
29/08/2009 |
30/11/2004 |
Active |
NO |
|
3 |
U67120MH1992PTC069962 |
SHISHILIN
INVESTMENT PRIVATE LIMITED |
Director |
05/01/2005 |
05/01/2005 |
Amalgamated |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Akshay |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 09.09.2011
|
Names of Shareholders |
No. of Shares |
|
Trentan Investment Company Private Limited, India |
4999922 |
|
Garuda Plant Products Limited, India |
1000000 |
|
Anant R Kshirsagar |
37 |
|
Ratakar V Nawghare |
13 |
|
Kishore N Kulkarni |
2 |
|
Prashant Joshi |
13 |
|
Ravi Angadi |
13 |
|
TOTAL
|
6000000 |
AS ON 21.12.2012
|
Names of Allottee |
No. of Shares |
|
Trentan Investment Company Private Limited, India |
9360000 |
|
Garuda Plant Products Limited, India |
2640000 |
|
TOTAL
|
12000000 |
AS ON 09.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
99.99 |
|
Directors or relatives of Directors |
0.01 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Electro fusion |
||||||
|
|
|
||||||
|
Products : |
|
||||||
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|
|
||||||
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Exports : |
|
||||||
|
Countries : |
·
UK ·
Egypt |
||||||
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|
|
||||||
|
Imports : |
|
||||||
|
Products : |
Raw Material |
||||||
|
Countries : |
·
Dubai ·
Singapore |
||||||
|
|
|
||||||
|
Terms : |
|
||||||
|
Selling : |
L/C, Cash, Credit (30 Days) |
||||||
|
|
|
||||||
|
Purchasing : |
L/C, Cash, Credit (30 Days) |
PRODUCTION STATUS (AS ON : 30.06.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Electro fusion
and Other Plastic Fittings and Valves |
Nos. |
6923340 |
4298111 |
|
Filters |
Nos. |
64800 |
12366 |
|
Dripper |
Nos. |
4050000 |
2362277 |
GENERAL INFORMATION
|
Customers : |
·
Wholesalers ·
Retailers |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
190 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
·
Corporation Bank, Pune Branch, Maharashtra, India
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
Tata Capital Financial Services Limited, One Forbes, Dr. V B Gandhi
Marg, Fort, Mumumbai-400001, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Desai Associates Chartered Accountant |
|
Address : |
104-A, Anand Estates, 189-A-Sane Guruji Marg, Mumbai-400011,
Maharashtra, India |
|
PAN No.: |
AAAFD4921H |
CAPITAL STRUCTURE
AS ON 30.06.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs. 70.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs. 60.000
Millions |
|
|
|
|
|
AS ON 09.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs. 200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18000000 |
Equity Shares |
Rs.10/- each |
Rs. 180.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
30.06.2011 |
30.06.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
60.000 |
50.000 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
123.386 |
99.333 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
183.386 |
149.333 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
195.033 |
157.911 |
|
|
2] Unsecured Loans |
|
45.000 |
27.500 |
|
|
TOTAL BORROWING |
|
240.033 |
185.411 |
|
|
DEFERRED TAX LIABILITIES |
|
15.877 |
13.694 |
|
|
|
|
|
|
|
|
TOTAL |
|
439.296 |
348.438 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
230.386 |
204.223 |
|
|
Capital work-in-progress |
|
10.299 |
3.584 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
1.267 |
1.263 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
100.024 |
85.351 |
|
|
Sundry Debtors |
|
159.201 |
88.019 |
|
|
Cash & Bank Balances |
|
12.149 |
9.415 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
30.304 |
38.069 |
|
Total
Current Assets |
|
301.678 |
220.854 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
70.929 |
62.522 |
|
|
Other Current Liabilities |
|
22.110 |
14.034 |
|
|
Provisions |
|
12.153 |
5.988 |
|
Total
Current Liabilities |
|
105.192 |
82.544 |
|
|
Net Current Assets |
|
196.486 |
138.310 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.858 |
1.058 |
|
|
|
|
|
|
|
|
TOTAL |
|
439.296 |
348.438 |
|
NOTE: Current Year Balance sheet not available.
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
30.06.2012 |
30.06.2011 |
30.06.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
289.907 |
513.047 |
371.630 |
|
|
|
Other Income |
5.341 |
2.035 |
3.458 |
|
|
|
TOTAL (A) |
295.248 |
515.082 |
375.088 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
68.622 |
|
322.333 |
|
|
|
Purchases of stock-in-trade |
105.344 |
137.150 |
|
|
|
|
Employee benefit expense |
82.033 |
71.950 |
|
|
|
|
Other Expenses |
100.031 |
104.402 |
|
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
(52.221) |
(10.397) |
|
|
|
|
Exceptional items before tax |
(11.614) |
(8.748) |
|
|
|
|
TOTAL (B) |
292.195 |
429.847 |
322.333 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3.053 |
85.235 |
52.755 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
47.441 |
32.241 |
27.272 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(44.388) |
52.994 |
25.483 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
18.325 |
16.831 |
13.510 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(62.713) |
36.163 |
11.973 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(16.835) |
10.983 |
10.288 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(45.878) |
25.180 |
1.685 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
18.428 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
20.113 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
26.637 |
35.787 |
|
|
TOTAL EARNINGS |
NA |
26.637 |
35.787 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials / Plastic Fittings |
NA |
39.055 |
23.925 |
|
|
TOTAL IMPORTS |
NA |
39.055 |
23.925 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(7.65) |
5 |
5 |
|
Expected Sales (2012-2013) : Rs. 350.000 Millions
The above information has been parted by Mr. Akshay.
KEY RATIOS
|
PARTICULARS |
|
30.06.2012 |
30.06.2011 |
30.06.2010 |
|
PAT / Total Income |
(%) |
15.54
|
4.89 |
0.45 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
21.63
|
7.05 |
3.22 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
6.80 |
2.82 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.20 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
NA
|
1.31 |
1.24 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
NA
|
2.87 |
2.68 |
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 |
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 |
No |
|
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 |
Yes |
|
Unsecured Loan |
Rs.
In Millions 30.06.2011 |
Rs.
In Millions 30.06.2010 |
|
Rupee term loans
unsecured |
|
|
|
Rupee term loans others unsecured |
45.000 |
27.500 |
|
|
|
|
|
TOTAL |
45.000 |
27.500 |
FORM 8
|
Corporate
identity number of the company |
U31909MH1996PLC097037 |
|
Name of the
company |
KIMPLAS PIPING
SYSTEMS LIMITED |
|
Address of the
registered office or of the principal place of business in |
B-20, MIDC, Ambad, Nashik-422010, Maharashtra, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
·
Movable
property (not being pledge) |
|
Particular of
charge holder |
Tata Capital Financial Services Limited, One Forbes, Dr. V B Gandhi
Marg, Fort, Mumumbai-400001, Maharashtra, India |
|
Nature of
instrument creating charge |
Loan Cum
Hypothecation Cum Guarantee Agreement Dated 28.08.2012 |
|
Date of instrument
Creating the charge |
28.08.2012 |
|
Amount secured by
the charge |
Rs. 32.500
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Long Term Lending
Rate (LTLR) @ 18.00% per annum Rate of Interest
@ LTLR minus 2.50% per annum Terms of repayment Principal and
Interest amount to be repaid in 60 months Margin Rs. 8.125
Millions Extent and operation of the charge The charge extends
to the due repayment of the loan of Rs. 32.500 Millions including the interest, additional interest, costs,
charges, expenses and all other monies payable under the Agreement dated
28.08.2012 In the event of
default in payment of interest or repayment of principal amount of the Loan
the Borrower shall pay to the Lender, further interest @ 4% p.a. as penal
interest |
|
Short particulars
of the property charged (Including location of the property) |
Wire Laying
Machine With Siemens CNC Controls Modle VWL 400 Vertical Format Molding
Machine 850 MT |
FIXED ASSETS
·
Goodwill
·
Leasehold Land
·
Building
·
Plant and Machinery
·
Moulds and Dies
·
Furniture and Fixtures
·
Office Equipment
·
Vehicles
·
Computers
·
Software
·
Electrical Installation
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. 53.98 |
|
|
1 |
Rs. 83.72 |
|
Euro |
1 |
Rs. 72.08 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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.