MIRA INFORM REPORT
|
Report Date : |
02.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
KISALAYA HERBALS LIMITED |
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Registered
Office : |
303, Alankar Chambers, 2-A, Ratlam Kothi, |
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Country : |
India |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
12.04.1985 |
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Com. Reg. No.: |
10-002823 |
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Capital Investment
/ Paid-up Capital : |
Rs. 10.666 Millions |
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|
|
CIN No.: [Company Identification
No.] |
U24232MP1985PLC002823 |
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|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Herbal Extracts and Phytochemical. |
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No. of Employees
: |
35 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 67000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record. The financial position of the company is average. Reserves are low.
The borrowings have increased. However, performance of the company is good. Trade relations are fair.
Business is active. Payment terms are 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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. Mohite |
|
Designation : |
Marketing Manager |
|
Contact No.: |
91-8463098981 |
|
Date : |
29.06.2013 |
LOCATIONS
|
Registered Office / Factory : |
303, Alankar Chambers, 2-A, Ratlam Kothi, Indore – 452001, Madhya Pradesh,
India |
|
Tel. No.: |
91-731-4065904/ 2519904/ 3042025 |
|
Mobile No.: |
91-8463098981 (Mr. Mohite) |
|
Fax No.: |
91-731-2524258 |
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E-Mail : |
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Website : |
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|
Location : |
Owned |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Rajeev Deshmukh |
|
Designation : |
Managing Director |
|
Address : |
501, South Pride, 8/3, South Tukoganji, Indore – 452001, Madhya
Pradesh, India |
|
Date of Birth/Age : |
12.10.1959 |
|
Date of Appointment : |
24.11.1986 |
|
DIN No.: |
00393079 |
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|
|
|
Name : |
Ms. Rajshree Deshmukh |
|
Designation : |
Director |
|
Address : |
501, South Pride, 8/3, South Tukoganji, Indore – 452001, Madhya
Pradesh, India |
|
Date of Birth/Age : |
01.02.1964 |
|
Date of Appointment : |
22.06.2007 |
|
DIN No.: |
00397128 |
|
|
|
|
Name : |
Mr. Jaishivrao Chalukey Patil |
|
Designation : |
Director |
|
Address : |
Flat No. 2, Guru Kripa Apartment 13, R K Puram CLY, Indore
– 452009, Madhya Pradesh, India |
|
Date of Birth/Age : |
22.11.1945 |
|
Date of Appointment : |
27.01.2003 |
|
DIN No.: |
02609127 |
KEY EXECUTIVES
|
Name : |
Mr. Mohite |
|
Designation : |
Marketing Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Rajiv Deshmukh |
|
960581 |
|
Meenal Chalukya |
|
10000 |
|
Shirish Deshmukh |
|
6000 |
|
V. Deshmukh |
|
18000 |
|
Rajshree Deshmukh |
|
43000 |
|
Ajay Chalukya |
|
11000 |
|
Jaishivrao Chalukey Patil |
|
18000 |
|
|
|
|
|
Total |
|
1066581 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Herbal Extracts and Phytochemical. |
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Products : |
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Exports : |
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Products : |
Herbal and Ayurvedic Products |
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Countries : |
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Terms : |
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Selling : |
L/C / Cash and Credit (30 days / 60 days) |
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Purchasing : |
Cash and Credit (30 days / 60 days) |
PRODUCTION STATUS (As on 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Tannic Acid and others Herbs |
MT |
96.50 |
96.50 |
115218.00 |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers and End Users |
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No. of Employees : |
35 (Approximately) |
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Bankers : |
State Bank of India, SME City Centre, 2nd floor, Regional,
Business Office, Premises, Near GPO, Indore -452001, Madhya Pradesh, India. |
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Facilities : |
(Rs.
In Millions)
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Banking Relations
: |
-- |
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Financial Institute
: |
Madhya Pradesh Financial Corporation, Navratan Bag,
Opposite St. Paul Primary School, Indore – 452001,
Madhya Pradesh, India |
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Auditors : |
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|
Name : |
C. H. Padiliya and Company Chartered Accountants |
|
Address : |
90, Dawa Bazar, 2nd Floor, 13-14, RNT Marg, Indore –
452001, Madhya Pradesh, India |
|
Tel. No.: |
91-2704343/4133 |
|
PAN No.: |
AABFC9385S |
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Memberships : |
Chemexcil |
CAPITAL STRUCTURE
As on: 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1066581 |
Equity Shares |
Rs.10/- each |
Rs. 10.666 Millions |
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|
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|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
10.666 |
5.535 |
|
(b) Reserves & Surplus |
|
6.031 |
4.796 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.100 |
3.231 |
|
Total
Shareholders’ Funds (1) + (2) |
|
16.797 |
13.562 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
7.058 |
1.050 |
|
(b) Deferred tax liabilities (Net) |
|
1.586 |
1.525 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
8.644 |
2.575 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
8.949 |
8.905 |
|
(b) Trade payables |
|
19.136 |
20.080 |
|
(c) Other current
liabilities |
|
3.432 |
2.739 |
|
(d) Short-term
provisions |
|
0.711 |
0.630 |
|
Total Current
Liabilities (4) |
|
32.228 |
32.354 |
|
|
|
|
|
|
TOTAL |
|
57.669 |
48.491 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
12.379 |
8.466 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.496 |
0.397 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
12.875 |
8.863 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
18.676 |
12.888 |
|
(c) Trade receivables |
|
20.337 |
23.206 |
|
(d) Cash and cash
equivalents |
|
0.726 |
0.357 |
|
(e) Short-term loans
and advances |
|
4.274 |
3.156 |
|
(f) Other current
assets |
|
0.781 |
0.021 |
|
Total Current Assets |
|
44.794 |
39.628 |
|
|
|
|
|
|
TOTAL |
|
57.669 |
48.491 |
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
8.066 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
4.042 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
12.108 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
12.345 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
12.345 |
|
|
DEFERRED TAX LIABILITIES |
|
|
1.598 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
26.051 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
7.506 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
9.401 |
|
|
Sundry Debtors |
|
|
19.531 |
|
|
Cash & Bank Balances |
|
|
0.241 |
|
|
Other Current Assets |
|
|
0.729 |
|
|
Loans & Advances |
|
|
2.696 |
|
Total
Current Assets |
|
|
32.598 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
8.719 |
|
|
Other Current Liabilities |
|
|
4.552 |
|
|
Provisions |
|
|
0.782 |
|
Total
Current Liabilities |
|
|
14.053 |
|
|
Net Current Assets |
|
|
18.545 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
26.051 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
74.148 |
71.531 |
51.026 |
|
|
|
Other Income |
0.358 |
0.148 |
0.042 |
|
|
|
TOTAL |
74.506 |
71.679 |
51.068 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
44.454 |
|
|
|
|
|
Manufacturing and operating cost |
11.838 |
9.935 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
(4.898) |
(1.283) |
|
|
|
|
Employee benefit expenses |
11.445 |
8.723 |
|
|
|
|
Other expenses |
6.122 |
6.627 |
|
|
|
|
TOTAL |
68.961 |
68.023 |
47.254 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
5.545 |
3.656 |
3.814 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2.628 |
1.624 |
2.307 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
2.917 |
2.032 |
1.507 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.221 |
0.877 |
0.851 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1.696 |
1.155 |
0.656 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.461 |
0.402 |
0.147 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
1.235 |
0.753 |
0.509 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
3.595 |
2.842 |
2.333 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
4.830 |
3.595 |
2.842 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
3.382 |
40.821 |
29.807 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.22 |
1.36 |
NA |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
100.000 |
The above information has been parted by Mr. Mohite
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.66 |
1.05 |
0.99 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.29 |
1.61 |
1.29 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.95 |
2.38 |
1.63 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.09 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.95 |
0.73 |
1.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.39 |
1.22 |
2.31 |
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 |
No |
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration number of the company |
U24232MP1985PLC002823 |
|
Name of the
company |
KISALAYA HERBALS LIMITED |
|
Address of the registered
office or of the principal place of
business in India of the company |
303, Alankar Chambers, 2-A, Ratlam Kothi, Indore – 452001, Madhya
Pradesh, India Email-id - aryask949@rediffmail.com
|
|
This form is for |
Creation of
charge |
|
Type of charge |
Immovable
property Movable property
(not being pledge) Floating charge |
|
Particular of
charge holder |
Madhya Pradesh Financial Corporation, Navratan Bag,
Opposite St. Paul Primary School, Indore – 452001,
Madhya Pradesh, India Email-id - capmkt@yahoo.com |
|
Nature of
instrument creating charge |
1. Agreement to create Mortgage and Loan
document. 2. General deed of Hypothecation. |
|
Date of instrument
Creating the charge |
05.01.2013 |
|
Amount secured by
the charge |
Rs. 4.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest 15.25% P.A. or at
the lending rate of the corporation prevailing at the time of disbursement of
the principal amount. Terms of Repayment 20 (Twenty)
Quarterly installment of Rs. 0.200 Million each commencing from 01.07.2013
and ending on 01.04.2018 Extent and Operation of the charge 1. Mortgage on Pieces and Parcel of lease land
admeasuring 2789 Sq. mtrs. Situate at Plot no. 548, Sector-III, Industrial
Area, Pithampur, District Dhar, Madhya Pradesh with all the buildings and tenements now standing thereon with the
Mortgagors of second part mortgaged in favour of M.P.F.C., Indore. 2. Hypothecation
of Plant and Machinery affixed, installed, erected and placed upon the land
and buildings situated at Plot no. 548, Sector-III, Industrial Area,
Pithampur, District Dhar, Madhya Pradesh. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
i) Pieces and
Parcel of lease land admeasuring 2789 Sq. mtrs. Situate at Plot no 548,
Sector- III, Industrial Area, Pithampur, District Dhar, Madhya Pradesh with all the buildings and tentaments now
standing thereon. ii) Plant and
Machinery affixed, installed, erected
and placed upon the land and building situated at Plot no. 548, Sector- III,
Industrial Area, Pithampur, District Dhar, Madhya Pradesh iii) Pieces and
Parcel freehold property admeasuring 2000 Sq. ft. Situate at Plot no 7-A,
Ward No.39, Chandra Nagar, Indore, Madhya Pradesh with all the buildings now standing
thereon. iv) Pieces and Parcel
freehold property admeasuring 1925 Sq. ft. situated at Flat No. 501, South
Pride Building, 8/3, South Tukoganj, Indore, Madhya Pradesh |
Fixed Assets:
- Land and Buildings
- Furniture and Fixture
- Plant and machinery
- Tools and Jiggs
- Laboratory Equipment
- Fire Fighting Equipment
- Fax Machine
- Computer
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. 59.15 |
|
|
1 |
Rs. 90.06 |
|
Euro |
1 |
Rs. 77.07 |
INFORMATION DETAILS
|
Information Gathered
by : |
JML |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
34 |
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.