MIRA
INFORM REPORT
|
Report Date : |
14.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
A. K. LUMBERS LIMITED |
|
|
|
|
Registered
Office : |
92/4 WHS Block II, Kirti Nagar, New Delhi – 110015, Delhi, India |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
09.03.2000 |
|
|
|
|
Com. Reg. No.: |
55-104297 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.20.533 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U20120DL2000PLC104297 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Importer and Exporter of all types of timbers. |
|
|
|
|
No. of Employees
: |
150 (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 82000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of the AKL GROUP. It is an established company
having a moderate track record. The profitability of the company appears to
be low. However, the performance seems to be good and promoters appears to be
experience businessman. 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
cautions. |
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 |
CRISIL |
|
Rating |
BB- |
|
Rating Explanation |
Having moderate risk of default regarding
timely securing of financial obligation |
|
Date |
August 2011 |
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. Anurag |
|
Designation : |
Account Executive |
|
Contact No.: |
91-11-41421758 |
|
Date : |
09.01.2013 |
LOCATIONS
|
Registered Office : |
92/4 WHS Block II, Kirti Nagar, New Delhi – 110015, Delhi, India |
|
Tel. No.: |
91-11-41421758 / 464 / 41421758 / 65371226 / 25462789 |
|
Fax No.: |
91-41421360 / 25259157 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Warehouse / Saw Mill : |
132, Assam Timber Market, Rajdhani Park, Nangloi, New Delhi – 110041,
Delhi, India |
|
Tel. No.: |
91-11-28341001-5 (5 Lines) |
|
Fax No.: |
91-11-28341006 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2012
|
Name : |
Mr. Atul Kumar Jindal |
|
Designation : |
Managing Director |
|
Address : |
297, Ambica Vihar, Paschim Vihar, New Delhi – 110087, Delhi, India |
|
Date of Birth/Age : |
02.09.1969 |
|
Date of Appointment : |
09.03.2000 |
|
PAN No.: |
AAJPJ0286A |
|
DIN No.: |
01187828 |
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 |
U74899DL1990PTC042264 |
JINDAL WOOD
PRODUCTS PRIVATE LIMITED |
Whole-time
director |
01/04/2012 |
05/12/1990 |
- |
Active |
NO |
|
2 |
U20120DL2000PLC104297 |
A K LUMBERS
LIMITED |
Managing
director |
28/09/2009 |
09/03/2000 |
- |
Active |
NO |
|
3 |
U74899DL1975PTC007652 |
PUNJAB METAL
WORKS PRIVATE LIMITED |
Director |
31/12/2005 |
31/12/2005 |
- |
Active |
NO |
|
Name : |
Mr. Garima Jindal |
|
Designation : |
Director |
|
Address : |
297, Ambica Vihar, Paschim Vihar, New Delhi – 110087, Delhi, India |
|
Date of Birth/Age : |
15.10.1977 |
|
Date of Appointment : |
01.11.2002 |
|
PAN No.: |
AAIPJ6399K |
|
DIN No.: |
00718102 |
|
|
|
|
Name : |
Mr. Amit Jindal |
|
Designation : |
Director |
|
Address : |
297, Ambica Vihar, Paschim Vihar, New Delhi – 110087, Delhi, India |
|
Date of Birth/Age : |
08.02.1973 |
|
Date of Appointment : |
09.03.2000 |
|
PAN No.: |
AAIPJ2644K |
|
DIN No.: |
01051655 |
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 |
U74899DL1990PTC042264 |
JINDAL WOOD PRODUCTS
PRIVATE LIMITED |
Director |
05/12/1990 |
05/12/1990 |
- |
Active |
NO |
|
2 |
U20120DL2000PLC104297 |
A K LUMBERS
LIMITED |
Whole-time
director |
28/09/2009 |
09/03/2000 |
- |
Active |
NO |
|
Name : |
Mr. Sharda Jindal |
|
Designation : |
Director |
|
Address : |
297, Ambica Vihar, Paschim Vihar, New Delhi – 110087, Delhi, India |
|
Date of Birth/Age : |
16.05.1946 |
|
Date of Appointment : |
09.03.2000 |
|
PAN No.: |
AAHPJ5842L |
|
DIN No.: |
01051730 |
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 |
U20120DL2000PLC104297 |
A K LUMBERS
LIMITED |
Director |
09/03/2000 |
09/03/2000 |
- |
Active |
NO |
|
2 |
U74899DL1990PTC042264 |
JINDAL WOOD
PRODUCTS PRIVATE LIMITED |
Director |
01/01/2006 |
01/01/2006 |
- |
Active |
NO |
|
Name : |
Mr. Rakhi Jindal |
|
Designation : |
Director |
|
Address : |
297, Ambica Vihar, Paschim Vihar, New Delhi – 110087, Delhi, India |
|
Date of Birth/Age : |
21.11.1970 |
|
Date of Appointment : |
01.01.2006 |
|
PAN No.: |
AAIPJ2645J |
|
DIN No.: |
01051750 |
|
|
|
|
Name : |
Mr. Prashant Pawankumar Goel |
|
Designation : |
Director |
|
Address : |
Near Hotel Empire, Plot 59/D, Ward – 9B, Bharat Nagar Gandhi Dham,
Kutch - . Gujarat, India |
|
Date of Birth/Age : |
07.07.1975 |
|
Date of Appointment : |
09.03.2000 |
|
PAN No.: |
AEGPG6552F |
|
DIN No.: |
01327305 |
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 |
U20120DL2000PLC104297 |
A K LUMBERS
LIMITED |
Director |
09/03/2000 |
09/03/2000 |
- |
Active |
NO |
|
2 |
U74899DL1975PTC007652 |
PUNJAB METAL
WORKS PRIVATE LIMITED |
Director |
31/12/2005 |
31/12/2005 |
15/03/2012 |
Active |
NO |
|
3 |
U74899DL1990PTC042264 |
JINDAL WOOD
PRODUCTS PRIVATE LIMITED |
Whole-time
director |
01/04/2012 |
01/01/2006 |
- |
Active |
NO |
|
4 |
U20219DL2011PTC234343 |
FAITH LUMBER
PRIVATE LIMITED |
Director |
19/10/2011 |
19/10/2011 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Anurag |
|
Designation : |
Account Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2012
|
Names of Shareholders |
No. of Shares |
|
Amar Chand Jindal |
195000 |
|
Atul Chand Jindal |
686500 |
|
Amit Jindal |
360000 |
|
Sharda Jindal |
260500 |
|
Prashant Pawankumar Goel |
19800 |
|
Rakhi Jindal |
251000 |
|
Garima Jindal |
255000 |
|
Atul Jindal (HUF) |
8500 |
|
Neeraj Garg |
17000 |
|
|
|
|
TOTAL
|
2053300 |
AS ON 30.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of all types of timbers. |
|
|
|
|
Products : |
·
Infrastructure ·
Timber plank ·
Teak Wood ·
Plywood ·
Wooden Flooring ·
Decorative Veneer ·
Wooden Doors ·
Miranti |
|
|
|
|
Imports : |
|
|
Products : |
·
Timbers |
|
Countries : |
·
Malaysia ·
Brazil ·
Togo ·
Ghana |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit (30 Days/60Days) |
|
|
|
|
Purchasing : |
Cash, Credit (30 Days/60Days) |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers and End Users |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
150 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Oriented Bank of Commerce, Mansarovar Garden, New
Delhi – 110015, Delhi, India |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Padama Dinesh and Company Chartered Accountant |
|
Address : |
11/6-B, IIND Floor, Shanti Chambers, Pusa Road, New Delhi – 110005,
Delhi, India |
|
PAN No.: |
AAAFP9361P |
CAPITAL STRUCTURE
AS ON 30.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2100000 |
Equity Shares |
Rs.10/- each |
Rs. 21.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2053300 |
Equity Shares |
Rs.10/- each |
Rs. 20.533
Millions |
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 |
20.533 |
20.533 |
20.533 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
16.699 |
15.096 |
12.054 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
37.232 |
35.629 |
32.587 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
33.045 |
38.279 |
51.563 |
|
|
2] Unsecured Loans |
151.456 |
162.487 |
2.828 |
|
|
TOTAL BORROWING |
184.501 |
200.766 |
54.391 |
|
|
DEFERRED TAX LIABILITIES |
0.044 |
0.072 |
0.084 |
|
|
|
|
|
|
|
|
TOTAL |
221.777 |
236.467 |
87.062 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
48.287 |
32.036 |
6.946 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
143.529
|
70.367 |
60.824 |
|
|
Sundry Debtors |
65.873
|
120.894 |
81.608 |
|
|
Cash & Bank Balances |
14.696
|
22.171 |
8.299 |
|
|
Other Current Assets |
2.967
|
0.067 |
0.000 |
|
|
Loans & Advances |
7.070
|
19.171 |
2.177 |
|
Total
Current Assets |
234.135
|
232.670 |
152.908 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
52.289
|
16.876 |
64.404 |
|
|
Other Current Liabilities |
7.448
|
10.410 |
6.705 |
|
|
Provisions |
0.908
|
0.953 |
1.683 |
|
Total
Current Liabilities |
60.645
|
28.239 |
72.792 |
|
|
Net Current Assets |
173.490
|
204.431 |
80.116 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
221.777 |
236.467 |
87.062 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
401.107 |
375.871 |
302.970 |
|
|
|
Other Income |
1.048 |
0.661 |
0.735 |
|
|
|
TOTAL (A) |
402.155 |
376.532 |
303.705 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
370.309 |
346.596 |
|
|
|
|
Employee Benefit Expenses |
3.667 |
2.626 |
|
|
|
|
Managerial Remuneration |
3.481 |
3.423 |
|
|
|
|
Payment to Auditors |
0.221 |
0.199 |
290.619 |
|
|
|
Insurance Expenses |
0.279 |
0.243 |
|
|
|
|
Power and Fuel |
1.944 |
1.555 |
|
|
|
|
Other expenses |
5.794 |
4.603 |
|
|
|
|
TOTAL (B) |
385.695 |
359.245 |
290.619 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
16.460 |
17.287 |
13.086 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
12.469 |
11.407 |
8.820 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3.991 |
5.880 |
4.266 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.497 |
1.414 |
0.821 |
|
|
|
|
|
|
|
|
|
Less |
Leave encashment
provision |
0.000 |
0.000 |
0.139 |
|
|
Less |
Gratuity
provision |
0.000 |
0.000 |
0.464 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
2.494 |
4.466 |
2.842 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.891 |
1.423 |
1.055 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
1.603 |
3.041 |
1.787 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
15.096 |
12.054 |
10.267 |
|
|
|
BALANCE CARRIED
TO THE B/S |
16.699 |
15.096 |
12.054 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.000 |
0.176 |
0.584 |
|
|
TOTAL EARNINGS |
0.000 |
0.176 |
0.584 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
217.140 |
233.076 |
121.535 |
|
|
TOTAL IMPORTS |
217.140 |
233.076 |
121.535 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.78 |
1.48 |
0.87 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.39
|
0.81 |
0.59 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.62
|
1.19 |
0.94 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.88
|
1.69 |
1.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06
|
0.12 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.63
|
0.79 |
2.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.86
|
8.24 |
2.10 |
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
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 |
FORM 8
|
Corporate
identity number of the company |
U20120DL2000PLC104297 |
|
Name of the
company |
A K LUMBERS
LIMITED |
|
Address of the registered
office or of the principal place of
business in |
92/4 WHS Block II, Kirti Nagar, New Delhi – 110015, Delhi, India Email ID : padamdinesh@yahoo.com
|
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
10276233 |
|
Type of charge |
·
Movable
property (not being pledge) ·
Others |
|
Particular of
charge holder |
Oriented Bank of Commerce, Mansarovar Garden, New Delhi – 110015,
Delhi, India Email ID : bm0903@obc.co.in |
|
Nature of
instrument creating charge |
Loan Doc-11
Agreement of Guarantee |
|
Date of
instrument Creating the charge |
09.09.2011 |
|
Amount secured by
the charge |
Rs. 155.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest NA Terms of repayment NA Margin NA Extent and operation of the charge NA Other NA |
|
Short particulars
of the property charged (Including location of the property) |
Corporate
Guarantee in favor of Punjab metal works private limited. Charge over all existing
and future fixed assets of the company. |
|
Date of
instrument modifying the charge |
04.03.2011 |
|
Particulars of
the present modification |
Corporate
guarantee in favour of punjab metal works private limited enhanced by Rs. 80.000
Millions i.e. from Rs. 75.000 Millions to Rs. 155.000 Millions |
FIXED ASSETS
·
Plant and Machinery
·
Furniture
·
Building
·
Computer
·
Vehicles
·
Printer
·
Laptop
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.54.63 |
|
|
1 |
Rs.88.17 |
|
Euro |
1 |
Rs.73.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
SPR |
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 |
YES |
|
--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.