MIRA
INFORM REPORT
|
Report Date : |
25.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
KROPEX INDIA LIMITED |
|
|
|
|
Registered
Office : |
SY No. 116/1, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
08.04.2002 |
|
|
|
|
Com. Reg. No.: |
08-030332 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 6.413 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
08-030332 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRK04479G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCK7543E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Offset Printing Materials Like Litho Plates,
Chemicals, Inks etc |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 330000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. The company’s performance seems to be satisfactory. Trade relations are
reported to be fair. Business is active. Payments are reported to be usually
correct. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
CRISIL |
|
Rating |
SME 3 |
|
Rating Explanation |
Above average credit quality and low credit risk. |
|
Date |
MAY 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.
LOCATIONS
|
Registered Office : |
SY No. 116/1, |
|
Tel. No.: |
91-80-25731241 / 25731242 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
House No. 7-1-60, Flat No. 102, Veena Apartments, Dharam Karam, Road, Ameerpet, Hyderabad, Andhra Pradesh, India |
|
Tel. No.: |
91-40-55687008 |
|
Fax No.: |
91-40-55687008 |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Sanjeev Sachdeva |
|
Designation : |
Managing Director |
|
Address : |
No. 566, 8th Block, Koramangala, |
|
Date of Birth/Age : |
12.03.1961 |
|
Date of Appointment : |
08.04.2002 |
|
DIN No.: |
00468704 |
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 |
U85110KA1995PLC017632
|
KAPOOR SALES
(BANGALORE) LIMITED |
Managing
director |
01/04/2000 |
01/04/2000 |
Active |
NO |
|
2 |
U05190KA2002PLC030332
|
KROPEX INDIA
LIMITED |
Managing
director |
01/09/2012 |
08/04/2002 |
Active |
NO |
|
Name : |
Mrs. Poonam Sachdeva |
|
Designation : |
Director |
|
Address : |
No. 566, 8th Block, Koramangala, |
|
Date of Birth/Age : |
06.12.1963 |
|
Date of Appointment : |
08.04.2002 |
|
DIN No.: |
00468731 |
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 |
U85110KA1995PLC017632
|
KAPOOR SALES
(BANGALORE) LIMITED |
Director |
24/10/2000 |
24/10/2000 |
Active |
NO |
|
2 |
U05190KA2002PLC030332
|
KROPEX INDIA
LIMITED |
Whole-time
director |
01/09/2012 |
08/04/2002 |
Active |
NO |
|
Name : |
Mr. Vanik Sachdeva |
|
Designation : |
Director |
|
Address : |
No. 566, 8th Block, Koramangala, |
|
Date of Birth/Age : |
21.05.1985 |
|
Date of Appointment : |
22.12.2006 |
|
DIN No.: |
00942468 |
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 |
U05190KA2002PLC030332
|
KROPEX INDIA
LIMITED |
Whole-time
director |
01/09/2012 |
22/12/2006 |
Active |
NO |
|
2 |
U85110KA1995PLC017632
|
KAPOOR SALES
(BANGALORE) LIMITED |
Director |
01/04/2009 |
01/04/2009 |
Active |
NO |
|
Name : |
Mr. Rohan Sachdeva |
|
Designation : |
Director |
|
Address : |
No. 566, 8th Block, Koramangala, |
|
Date of Birth/Age : |
18.05.1989 |
|
Date of Appointment : |
01.08.2012 |
|
DIN No.: |
05295119 |
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 |
U05190KA2002PLC030332
|
KROPEX INDIA
LIMITED |
Director |
28/09/2012 |
01/08/2012 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
No. of Shares |
|
Sanjeev Sachdeva |
478480 |
|
Poonam Sachdeva |
41535 |
|
Randeep Sachdeva |
700 |
|
Remmi Sachdeva |
800 |
|
Vanik Sachdeva |
216295 |
|
Rohan Sachdeva |
91230 |
|
Monika Makhan |
700 |
|
Swetha Makhan |
600 |
|
Anil Makhan |
800 |
|
Karan Makhan |
860 |
|
Jasmin Grower |
820 |
|
Sachin Grower |
900 |
|
Aswini Sachdeva |
17500 |
|
TOTAL
|
851220 |
AS ON 28.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
99.00 |
|
Other top fifty shareholders |
1.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Offset Printing Materials Like Litho Plates,
Chemicals, Inks etc |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· ING Vysya Bank Limited, 60, Subbarama Chetty Road, Netkallappa Circle, Basavanagudi, Bangalore – 560 004, Karnataka, India · ING Vysya Bank Limited, Netkallappa Circle Branch, Bangalore-560004, Karnataka, India · ICICI Bank · Bank of Baroda, 1st Floor, 3rd Block, 9th Main Road, Jayanagar, Bangalore-560011, Karnataka, India ·
HDFC Bank |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ram Raj and Company Chartered Accountants |
|
Address : |
No. 65, 29th A Cross, 4th Block, Jayanagar, |
|
Tel No.: |
91-80-22445567 / 26580511 |
|
Telfax No.: |
91-80-26580510 |
|
Email : |
|
|
PAN No.: |
AABFR3927Q |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
641260 |
Equity Shares |
Rs.10/- each |
Rs. 6.413
Millions |
|
|
|
|
|
AS ON 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
851220 |
Equity Shares |
Rs.10/- each |
Rs. 8.512
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 |
|
6.413 |
4.736 |
|
(b) Reserves & Surplus |
|
76.521 |
52.134 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
82.934 |
56.870 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
10.477 |
13.365 |
|
(b) Deferred tax liabilities (Net) |
|
3.097 |
2.386 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
13.574 |
15.751 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
165.757 |
130.064 |
|
(b) Trade payables |
|
37.812 |
50.534 |
|
(c) Other current
liabilities |
|
7.088 |
7.508 |
|
(d) Short-term provisions |
|
1.460 |
1.114 |
|
Total Current Liabilities (4) |
|
212.117 |
189.220 |
|
|
|
|
|
|
TOTAL |
|
308.625 |
261.841 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
102.312 |
76.653 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.312 |
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 |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
4.657 |
3.325 |
|
Total Non-Current Assets |
|
107.281 |
79.978 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
112.593 |
89.119 |
|
(c) Trade receivables |
|
80.604 |
79.286 |
|
(d) Cash and cash
equivalents |
|
3.173 |
2.358 |
|
(e) Short-term loans and
advances |
|
4.974 |
11.100 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
201.344 |
181.863 |
|
|
|
|
|
|
TOTAL |
|
308.625 |
261.841 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
4.736 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
48.378 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
53.114 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
132.384 |
|
|
2] Unsecured Loans |
|
|
2.072 |
|
|
TOTAL BORROWING |
|
|
134.456 |
|
|
DEFERRED TAX LIABILITIES |
|
|
1.553 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
189.123 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
74.666 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
73.895 |
|
|
Sundry Debtors |
|
|
65.231 |
|
|
Cash & Bank Balances |
|
|
2.866 |
|
|
Other Current Assets |
|
|
7.709 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
149.701 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
34.329 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.952 |
|
Total
Current Liabilities |
|
|
35.281 |
|
|
Net Current Assets |
|
|
114.420 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.037 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
189.123 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
824.073 |
796.382 |
598.423 |
|
|
|
Labour Receipts |
0.000 |
0.000 |
10.654 |
|
|
|
Other Income |
15.220 |
12.832 |
5.696 |
|
|
|
TOTAL (A) |
839.293 |
809.214 |
614.773 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of Stock in Trade |
767.861 |
743.648 |
592.652 |
|
|
|
Employee benefit Expenses |
21.545 |
20.017 |
|
|
|
|
Other Expenses |
39.950 |
33.030 |
|
|
|
|
Changes in inventories of Stock in trade |
(23.474) |
(15.223) |
|
|
|
|
TOTAL (B) |
805.882 |
781.472 |
592.652 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
33.411 |
27.742 |
22.121 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
22.211 |
17.758 |
12.114 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
11.200 |
9.984 |
10.007 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.751 |
4.221 |
3.953 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
6.449 |
5.763 |
6.054 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.184 |
2.008 |
2.030 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
4.265 |
3.755 |
4.024 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
6.541 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
10.565 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
6.65 |
7.93 |
8.50 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.51
|
0.46 |
0.65 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.78
|
0.72 |
1.01 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.09
|
2.20 |
2.70 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
0.10 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.12
|
2.52 |
2.53 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.95
|
0.96 |
4.24 |
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 |
No |
|
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 Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Long Term
Borrowings |
|
|
|
Other Loans and
Advances |
|
|
|
From Directors |
6.449 |
2.665 |
|
|
|
|
|
TOTAL |
6.449 |
2.665 |
VIEW
INDEX OF CHARGES
|
S.
No. |
Charge
ID |
Date
of Charge Creation/Modification |
Charge
amount secured |
Charge
Holder |
Address
|
Service
Request Number (SRN) |
|
1 |
10229954 |
04/02/2013 * |
162,500,000.00 |
ING VYSYA BANK LIMITED |
60, SUBBARAMA CHETTY ROAD,,
NETKALLAPPA CIRCLE,BAS |
B69273464 |
|
2 |
10249989 |
28/05/2010 |
11,675,000.00 |
ING VYSYA BANK LIMITED |
60 SUBBARAMA CHETTY ROAD
NETKALLAPPA CIRCLE, BASA |
A89794481 |
|
3 |
90195659 |
04/02/2013 * |
201,961,000.00 |
ING VYSYA BANK LIMITED |
60, SUBBARAMA CHETTY ROAD,
NETKALLAPPA CIRCLE, BAS |
B72017023 |
NOTE
The Registered Office of the company has been shifted from No. 211/20,
11th Main Road, 16th Cross, Lakkasandra Wilson Garden, Bangalore
– 560 030, Karnataka, India to the present address w.e.f. 19.02.2011.
AN OVER VIEW
·
All major physical and financial targets have been
met
·
Reserves and Surplus amounted to Rs. 76.520
Millions (Previous year Rs. 52.134 Millions) including security premium of Rs.
57.935 Millions (Previous year Rs. 37.813 Millions) as at the end of March 2012
·
Net Worth amounted to Rs. 82.933 Millions (Previous
year Rs. 56.869 Millions)
PERFORMANCE
During the year, the company has achieved a sales turnover of Rs.
839.293 Millions (net of duties and taxes) as against Rs. 809.214 Millions in
the previous year, registering a growth of about 3.72 percent.
The net profit for the year was Rs. 4.265 Millions (after taxes) as
against Rs. 3.756 Millions in the corresponding previous year.
FIXED ASSETS
·
Land and Building
·
Furniture and Fixtures
·
Office Equipments
·
Computer Units
·
Plant and Machinery
·
Vehicles
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. 59.44 |
|
|
1 |
Rs. 91.24 |
|
Euro |
1 |
Rs. 78.43 |
INFORMATION DETAILS
|
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 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.