MIRA INFORM REPORT
|
Report Date : |
06.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
KANDUI INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.112,
Minerva Industrial Estate, P.K. Road, Near Hercules Hoist, Mulund (West),
Mumbai -
400080, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
03.02.2010 |
|
|
|
|
Com. Reg. No.: |
11-199649 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 35.583
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25199MH2010PTC199649 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Additive Master Batch and Colour Master Batch. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 325500 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having a moderate track record. There
appears drastic fall in its profitability during 2012. The external borrowing
seems to be huge. 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 – 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term Bank facilities : (CARE) BB- |
|
Rating Explanation |
Having moderate 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.
LOCATIONS
|
Registered Office : |
Plot No.112,
Minerva Industrial Estate, P.K. Road, Near Hercules Hoist, Mulund (West),
Mumbai -
400080, Maharashtra, India |
|
Tel. No.: |
91-22-61510500/ 61510534 |
|
Fax No.: |
91-22-25916269 |
|
E-Mail : |
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|
Website : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Poonamchand Laxminarayan Agarwal |
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|
Designation : |
Director |
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|
Address : |
803, Tirupati Apartments, Ashish Building, Bhulabhai Desai Road,
Mumbai – 400026, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.04.1940 |
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Date of Appointment : |
03.02.2010 |
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DIN No.: |
01399414 |
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Other Directorship :
|
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|
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|
Name : |
Mr. Arvindkumar Poonamchand Agarwal |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
802/C, Tirupati Apartments, Bhulabhai Desai Road, Mumbai – 400026,
Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
27.03.1971 |
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|
Date of Appointment : |
03.02.2010 |
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|
DIN No.: |
01255667 |
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Other Directorship :
|
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ashwinkumar Poonamchand Agarwal |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
802/C, Tirupati Apartments, Pedder Road, Gamdevi, Mumbai – 400026,
Maharashtra, India |
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|
Date of Birth/Age : |
16.09.1981 |
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|
Date of Appointment : |
03.02.2010 |
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|
DIN No.: |
02284868 |
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Other Directorship :
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Poonamchand Laxminarayan Agarwal |
|
711657 |
|
Arvindkumar Poonamchand Agarwal |
|
711657 |
|
Ashwinkumar Poonamchand Agarwal |
|
2134975 |
|
|
|
|
|
Total |
|
3558289 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Additive Master Batch and Colour Master Batch. |
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|
||||
|
Products/ Services : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production [Kgs] |
|
|
|
|
|
|
|
Additive Master Batch and Colour Master Batch |
MT Per Annum |
Not Applicable |
24000 |
12833909.177 |
|
|
|
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
Bank of Baroda, SME Daman Branch, 1st Floor, Centre Point, Somnath Junction, Dabhel, Daman - 396210, Daman and Diu, India |
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Facilities : |
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Ajmera Ajmera and Associates Chartered Accountants |
|
Address : |
2/334, New Sonal Link Industrial Estate, Link Road, Malad (West),
Mumbai – 400064, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAJFA6672P |
|
|
|
|
Associates : |
Ø PVN Fabrics Ø PVN Tex Industries |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,250,000 |
Equity Shares |
Rs. 10/- each |
Rs. 42.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,558,289 |
Equity Shares |
Rs. 10/- each |
Rs. 35.583
Millions |
|
|
|
|
|
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 |
|
35.583 |
32.958 |
|
(b) Reserves & Surplus |
|
34.799 |
21.228 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
11.000 |
25.500 |
|
Total
Shareholders’ Funds (1) + (2) |
|
81.382 |
79.686 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
81.048 |
74.824 |
|
(b) Deferred tax liabilities (Net) |
|
7.102 |
2.861 |
|
(c)
Other long term liabilities |
|
0.225 |
0.255 |
|
(d)
long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
88.375 |
77.940 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
162.068 |
143.875 |
|
(b)
Trade payables |
|
97.561 |
47.138 |
|
(c)
Other current liabilities |
|
9.140 |
5.810 |
|
(d)
Short-term provisions |
|
(1.470) |
1.985 |
|
Total
Current Liabilities (4) |
|
267.299 |
198.808 |
|
|
|
|
|
|
TOTAL |
|
437.056 |
356.434 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
152.383 |
122.740 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
20.632 |
|
(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 |
|
0.134 |
0.105 |
|
(e)
Other Non-current assets |
|
0.118 |
0.157 |
|
Total
Non-Current Assets |
|
152.635 |
143.634 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
86.026 |
48.626 |
|
(c)
Trade receivables |
|
168.230 |
110.846 |
|
(d)
Cash and cash equivalents |
|
11.848 |
42.770 |
|
(e)
Short-term loans and advances |
|
17.833 |
10.421 |
|
(f)
Other current assets |
|
0.484 |
0.137 |
|
Total
Current Assets |
|
284.421 |
212.800 |
|
|
|
|
|
|
TOTAL |
|
437.056 |
356.434 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.100 |
|
|
2] Share Application Money |
|
|
3.900 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
(0.598) |
|
|
NETWORTH |
|
|
3.402 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
67.079 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
67.079 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
70.481 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
3.348 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
14.549 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
52.654 |
|
Total
Current Assets |
|
|
67.203 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
0.279 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
0.279 |
|
|
Net Current Assets |
|
|
66.924 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.209 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
70.481 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
719.738 |
472.273 |
0.000 |
|
|
|
Other Income |
0.432 |
0.881 |
0.000 |
|
|
|
TOTAL |
720.170 |
473.154 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
688.388 |
437.162 |
0.598 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
31.782 |
35.992 |
(0.598) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
19.247 |
7.230 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
12.535 |
28.762 |
(0.598) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
6.840 |
9.861 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
5.695 |
18.901 |
(0.598) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
18.303 |
(0.598) |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
23.998 |
18.303 |
(0.598) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
59.584 |
29.188 |
0.000 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw material |
145.948 |
55.622 |
0.000 |
|
|
|
Capital Goods |
1.558 |
18.312 |
0.000 |
|
|
TOTAL IMPORTS |
147.506 |
73.934 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
1.69 |
12.91 |
(389.72) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.79
|
3.99 |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.74
|
6.09 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.87
|
8.57 |
0.85 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.36 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.99
|
2.74 |
19.72 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.06
|
1.07 |
240.87 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming financial
year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
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 LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
LONG TERM
BORROWINGS |
|
|
|
Loans From Related Parties |
5.043 |
2.315 |
|
Total |
5.043 |
2.315 |
OPERATIONS AND FUTURE PROSPECTS:
During the year under
consideration the company has achieved a turnover of Rs 719.700 Millions as
against previous year of Rs 472.300 Millions .The Profit before tax is
Rs.12.500 Millions as against previous year of Rs. 28.800 Millions. The company
expects increase its profitability in the ensuing year, as the interest on
capital expenditure will reduce due to repayment of term loans
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U25199MH2010PTC199649 |
|
Name of the
company |
KANDUI INDUSTRIES
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No.112,
Minerva Industrial Estate, P.K. Road, Near Hercules Hoist, Mulund (West),
Mumbai -
400080, Maharashtra, India Email: ashwin@pvn.in |
|
This form is for |
Modification of charge |
|
Charge
identification number of the modified |
10214265 |
|
Type of charge |
Immovable property Any interest in immovable property Book debts Movable property (not being pledge) |
|
Particular of
charge holder |
Bank of Baroda, SME Daman Branch, 1st Floor, Centre Point, Somnath Junction, Dabhel, Daman - 396210, Daman and Diu, India Email: ssidaman@bankofbaroda.com |
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental
Composite Agreement of Hypothecation of Goods, Book-Debts, Moveable Machinery
and Vehicles. Memorandum of Entry
of Deposit of Title Deeds in Respect of Advance Secured by Equitable Mortgage
of Immovable Property. [Both instruments
modify a single charge]. |
|
Date of
instrument Creating the charge |
16.03.2012 |
|
Amount secured by
the charge |
Rs.296.000 Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest on the
cash credit limit at the rate of 2.50% over Base Rate of the Bank per annum
with monthly rests. Terms of Repayment On Demand. Margin 25% on the Stocks
and Book Debts. 15% cash margin
in respect of LC and Guarantee facilities. Extent and Operation of the charge The charge over
movable and immovable property is modified to secure the due repayment,
discharge and redemption by the Company to the Bank of its various facilities
sanctioned to the Company viz. TL IV - Rs.62.700 Millions, TL V - Rs.30.800
Millions, CC - Rs.135.000 Millions [with sub-limit : FCNR (B) Loan of
Rs.45.000 Millions], FBP/UFBP/FCBP/UFCBP [Sight/DA 120 days] - Rs.20.000
Millions, Inland/Import LC - Rs.45.000 [with Sub-limit : Buyer's Credit of LC
45.000 Millions] and Inland Bank G'tee - Rs.2.500 Millions, aggregating to
Rs.296.000 Millions. Others The charge amount
of Rs.296.000 Millions is secured together with interest, additional
interest, compound interest, further interest by way of liquidated damages,
commitment charges, premia on prepayment or on redemption, costs, charges,
expenses and other moneys payable to the Bank. |
|
Short particulars
of the property charged |
1) Stocks, both
present and future and all stocks of RMs, WIP, SFGs and FGs such as Plastic
Products, packing materials and stores etc. 2) All the
present and future book debts, outstanding moneys, receivables, claims, bills,
contracts, engagements and securities etc. 3) All the
tangible moveable machinery and plant and cranes, boats and crafts and the
vehicles together with spares, tools and accessories and other movables, both
present and future, Furniture, fixtures and fittings and office equipment
whether installed or not and whether lying loose or in cases at Daman. 4) Immovable
properties viz. factory land and building situated at Plot No.39/2; 39/3;
39/3C; 39/3D; 39/4, Vill: Dori Kadaiya, Bhumipura Gram Panchayat, Daman
within the limits of Kadaiya Grampanchayat in District and Registration Sub
District of Daman. 5) Immovable
property viz. factory land and building situated Survey No.222-A admeasuring
1574 sq. mtrs. situated at Village Dabhel Taluka and District Daman both
immovable properties together with all building and structures thereon both
present and future. |
|
Date of
Modification |
25.03.2011 |
|
Particulars of
the present modification |
The charge on
movable and immovable properties is increased upto Rs.296.000 Millions to
cover TL IV - Rs.62.700 Millions (Reduced from Rs.77.720 Millions), TL V -
Rs.30.800 Millions (Reduced from Rs.35.000 Millions), CC - Rs.135.000
Millions (Increased from Rs.115.000 Millions) [with sub-limit : FCNR (B) Loan
of Rs.45.000 Millions], FBP/UFBP/FCBP/UFCBP [Sight/DA 120 days] - Rs.20.000
Millions, Inland/Import LC - Rs.45.000 (Increased from Rs.22.500 Millions)
[with Sub-limit : Buyer's Credit of LC 45.000 Millions] and Inland Bank G'tee
- Rs.2.500 Millions (Review). |
FIXED ASSETS:
Ø Land
Ø Building
Ø Plant and Machinery
Ø Furniture and Fixtures
Ø Computer
Ø Vehicles
Ø Office Equipment
Ø Electrical Equipments
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. 60.34 |
|
|
1 |
Rs. 90.79 |
|
Euro |
1 |
Rs. 77.81 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
36 |
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.