|
Report Date : |
29.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
KULODAY TECHNOPACK PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
KULODAY PLASTOMERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
25, Sona Udyog Industrial Estate, Parsi Panchayat Road, Andheri
(East), Mumbai – 400069, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
19.07.1995 |
|
|
|
|
Com. Reg. No.: |
11-90795 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.17.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25202MH1995PTC090795 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMK12625E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK3957H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Plastic Polythene Bags. |
|
|
|
|
No. of Employees
: |
220 (Approximately) (Office – 20 and Factory – 200) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 240000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The external borrowings of the company are huge. There also exist
related to volatility in raw materials prices and exchange rate fluctuations.
However, trade relations are reported as 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Fund Based – Term Loans: B+ |
|
Rating Explanation |
High risk of default |
|
Date |
January, 2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Non Fund Based – Bank Guarantee: A4 |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
January, 2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY (General Details)
|
Name : |
Ms. Sayli |
|
Designation : |
Accounts Head |
|
Contact No.: |
91-22-28387113 |
|
Date : |
27.07.2013 |
LOCATIONS
|
Registered Office : |
25, Sona Udyog Industrial Estate, |
|
Tel. No.: |
91-22-28387113/ 14 |
|
Fax No.: |
91-22-66994884 |
|
E-Mail : |
|
|
Website : |
http://www.kuloday.com
|
|
Area : |
3000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
597/ 1B and 644/24, Agrawal Industrial Estate, |
|
Tel. No.: |
91-260-2243003/ 2243870 |
|
E-Mail : |
|
|
Area : |
15000 Sq. ft. |
|
Location : |
Owned |
DIRECTORS
(AS ON 29.09.2012)
|
Name : |
Mr. Krishnakumar Prahladrai Chokhani |
|
Designation : |
Director |
|
Address : |
25 Sona Udyog Industrial Estate, |
|
Date of Birth/Age : |
12.11.1952 |
|
Qualification : |
BSC |
|
Date of Appointment : |
26.09.2001 |
|
DIN No : |
02795632 |
|
|
|
|
Name : |
Mr. Arunkumar Prahladrai Chokhani |
|
Designation : |
Director |
|
Address : |
25 Sona Udyog Industrial Estate, |
|
Date of Birth/Age : |
24.06.1961 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
19.07.1995 |
|
DIN No : |
01718048 |
KEY EXECUTIVES
|
Name : |
Ms. Sayli |
|
Designation : |
Accounts Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Mataji Kulodki |
|
12 |
|
Krishnakumar Prahladrai Chokhani |
|
242928 |
|
Arunkumar Prahladrai Chokhani |
|
304488 |
|
Geetadevi Prahladrai Chokhani |
|
12 |
|
Pushpadevi Kishankumar Chokhani |
|
72000 |
|
Manju Arunkumar Chokhani |
|
72000 |
|
Arunkumar Chokhani (HUF) |
|
168000 |
|
Chokhani Kishanuamar (HUF) Prahladrai |
|
152000 |
|
Anuj Arunkumar Chokhani |
|
232000 |
|
Sunil Kishankumar Chokhani |
|
255000 |
|
Ankit Arunkumar Chokhani |
|
73500 |
|
Ruchita Kishankumar Chokhani |
|
60 |
|
Shikha Sunilkumar Chokhani |
|
33000 |
|
Sunilkumar Chokhani HUF |
|
65000 |
|
Avika Chokhani |
|
15000 |
|
Shivansh Chokhani |
|
15000 |
|
Kuloday Packaging (India) Private Limited, India |
|
50000 |
|
|
|
|
|
|
|
|
|
Total |
|
1750000 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Plastic Polythene Bags. |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
· UK · USA · Australia · African Countries |
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
·
·
· Abudhabi |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and Credit (30 days) |
|
|
|
|
Purchasing : |
L/C, Cash and Credit (30 days) |
GENERAL INFORMATION
|
Suppliers : |
· Astron Plastics Limited · Bhavin Industries · Borouge Private Limited · Kandui Industries Private Limited · Lifeline Technology · Mitsubishi Corporation India · Petrochemical Commercial Company · Plastiblends India Limited · Qatar Petrochemical Company Limited · Sabic · Total Petrochemicals · Vin Poly Additives Private Limited [Rajasthan] · Vin Poly Technologies Private Limited [Mumbai] |
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers and End Users |
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
220 (Approximately) (Office – 20 and Factory – 200) |
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· Bank of India Malad (West) Branch, Swati Vivekanand Road, Opposite Natraj Market, S V Road, Malad (West), Mumbai – 400064, Maharashtra, India Contact No.: 91-22-28825775 ·
State Bank of · HDFC Bank · Axis Bank |
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
-----------------------------------------------------------------------------------------
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Banka and Chartered Accountants |
|
Address : |
3rd Floor, Shah Trade Centre, Rani Sati Marg, Malad (East),
Mumbai – 400097, Maharashtra, India |
|
Tel No.: |
91-22-28896585/ 28831244/ 28813125/ 28829966/ 28829967/ 28829968 |
|
Fax No.: |
Extension 15 |
|
PAN No.: |
AAAFB1145R |
|
Email : |
|
|
Website : |
|
|
|
|
|
Group Companies (Confirmed by
management) : |
· Kuloday Technopack Private Limited · Kuloday Converters · Kuloday Udyog ·
Kuloday Packaging ( · Kuloday Consumer Products |
CAPITAL STRUCTURE
(AS ON 29.09.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1750000 |
Equity Shares |
Rs.10/- each |
Rs.17.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1750000 |
Equity Shares |
Rs.10/- each |
Rs.17.500 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 |
|
17.500 |
15.000 |
|
(b) Reserves & Surplus |
|
41.484 |
11.470 |
|
(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) |
|
58.984 |
26.470 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
93.071 |
90.221 |
|
(b) Deferred tax liabilities (Net) |
|
6.104 |
4.194 |
|
(c)
Other long term liabilities |
|
13.663 |
0.000 |
|
(d)
long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
112.838 |
94.415 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
86.052 |
81.951 |
|
(b)
Trade payables |
|
65.620 |
49.107 |
|
(c)
Other current liabilities |
|
0.547 |
0.345 |
|
(d)
Short-term provisions |
|
1.754 |
0.643 |
|
Total
Current Liabilities (4) |
|
153.973 |
132.046 |
|
|
|
|
|
|
TOTAL |
|
325.795 |
252.931 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
111.652 |
92.111 |
|
(ii)
Intangible Assets |
|
0.035 |
0.035 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.560 |
0.553 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
3.089 |
9.137 |
|
(e)
Other Non-current assets |
|
4.223 |
4.201 |
|
Total
Non-Current Assets |
|
119.559 |
106.037 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
71.047 |
61.675 |
|
(c)
Trade receivables |
|
93.090 |
55.532 |
|
(d)
Cash and cash equivalents |
|
19.159 |
14.710 |
|
(e)
Short-term loans and advances |
|
22.940 |
14.977 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
206.236 |
146.894 |
|
|
|
|
|
|
TOTAL |
|
325.795 |
252.931 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
15.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
7.742 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
22.742 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
87.386 |
|
|
2] Unsecured Loans |
|
|
32.573 |
|
|
TOTAL BORROWING |
|
|
119.959 |
|
|
DEFERRED TAX LIABILITIES |
|
|
2.654 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
145.355 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
56.592 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.500 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
52.323
|
|
|
Sundry Debtors |
|
|
42.691
|
|
|
Cash & Bank Balances |
|
|
10.402
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
25.813
|
|
Total
Current Assets |
|
|
131.229 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
41.497 |
|
|
Other Current Liabilities |
|
|
0.824
|
|
|
Provisions |
|
|
0.715
|
|
Total
Current Liabilities |
|
|
43.036 |
|
|
Net Current Assets |
|
|
88.193
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.070 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
145.355 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
426.633 |
291.365 |
209.174 |
|
|
|
Other Income |
6.986 |
0.488 |
0.353 |
|
|
|
TOTAL (A) |
433.619 |
291.853 |
209.527 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
406.146 |
273.601 |
197.951 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
27.473 |
18.252 |
11.576 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
11.209 |
7.945 |
4.530 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
16.264 |
10.307 |
7.046 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
7.582 |
4.547 |
2.659 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
8.682 |
5.760 |
4.387 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.669 |
2.032 |
1.397 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
5.013 |
3.728 |
2.990 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
11.470 |
7.743 |
12.333 |
|
|
|
|
|
|
|
|
|
Less |
BONUS SHARES
ISSUED |
0.000 |
0.000 |
7.580 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
16.483 |
11.471 |
7.743 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
330.470 |
177.990 |
120.809 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.34 |
2.49 |
5.69 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.16
|
1.28
|
1.43
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.04
|
1.98
|
2.10
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.67
|
2.28
|
2.34
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.22
|
0.19
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.04
|
6.50
|
5.27
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34
|
1.11
|
3.04
|
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITY OF
LONG TERM BORROWINGS DETAIL: NOT AVAILABLE
|
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm / promoter
involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if
available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOANS
|
Particulars |
31.03.2012 (Rs. In Millions) |
|
Long Term
Borrowings |
|
|
Ankit Chokhani |
5.852 |
|
Anuj Chokhani |
1.716 |
|
Arjun M. Todi |
0.300 |
|
Arun Chokhani
HUF |
0.011 |
|
Champa Kanoi |
0.277 |
|
Geetadevi P.
Chokhani |
2.494 |
|
Krishna Chokhani
HUF |
0.002 |
|
Krishna Kumar
Chokhani |
0.666 |
|
Kuloday
Packaging (India) Private Limited |
0.156 |
|
K. T.
International |
7.063 |
|
Sunil Chokhani
HUF |
0.013 |
|
Manju Chokhani |
0.389 |
|
Manju Khaitan |
0.300 |
|
Megha P. Banka |
0.554 |
|
Nikita Jain |
0.404 |
|
Pushpadevi K.
Chokhani |
0.142 |
|
Ramawtar Kyal |
0.499 |
|
Ram Vallabh
Goenka |
0.200 |
|
Sajjan Kumar
Geonka |
0.111 |
|
Seema Todi |
0.100 |
|
Shikha S.
Chokhani |
5.929 |
|
Sunil Chokhani |
0.940 |
|
Uma Todi |
0.800 |
|
Vikash Kanoi
[HUF] |
0.332 |
|
Vinod Kumar
Kanoi [HUF] |
0.332 |
|
Viraj Jain |
1.108 |
|
Virenbhai |
0.500 |
|
Vishal Jain |
0.388 |
|
|
|
|
Total |
31.578 |
|
Particulars |
31.03.2011 (Rs. In Millions) |
|
|
|
|
Loan From Directors and relatives |
47.919 |
|
|
|
|
Total |
47.919 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10316092 |
13/10/2011 |
20,000,000.00 |
BANK OF INDIA |
MALAD (WEST)
BRANCH, SWAMI VIVEKANAND ROAD, OPPOSITE |
B24707531 |
|
2 |
10214036 |
22/03/2010 |
20,000,000.00 |
BANK OF INDIA |
MALAD (WEST)
BRANCH, OPPOSITE NATARAJ MARKET, S V ROAD, MALAD
(WEST), MUMBAI, MAHARASHTRA - 400064, INDIA |
A84006790 |
|
3 |
10111398 |
15/04/2009 * |
44,875,000.00 |
BANK OF INDIA |
MALAD (WEST)
BRANCH, OPPOSITE NATARAJ MARKET, S V ROAD, MALAD
(WEST), MUMBAI, MAHARASHTRA - 400064, INDIA |
A61791133 |
|
4 |
10024333 |
01/12/2012 * |
266,300,000.00 |
BANK OF INDIA |
MALAD (WEST)
BRANCH, SWAMI VIVEKANAND ROAD, OPPOSITE NATARAJ MARKET, MALAD (WEST), MUMBAI,
MAHARASHTRA - 400064, INDIA |
B64432974 |
|
5 |
10024318 |
19/11/2012 * |
161,000,000.00 |
BANK OF INDIA |
MALAD (WEST) BRANCH,
SWAMI VIVEKANAND ROAD,, OPPOSITE NATARAJ MARKET, MALAD (WEST), MUMBAI,
MAHARASHTRA - 400064, INDIA |
B64432404 |
|
6 |
10018408 |
27/04/2006 |
2,600,000.00 |
BANK OF INDIA |
MALAD (EAST) BRANCH
,OFF RANI SATI MARG, NEAR OLD LEVEL CROSSING, MALAD (EAST), MUMBAI,
MAHARASHTRA |
A00960716 |
|
7 |
80003342 |
27/04/2006 * |
2,600,000.00 |
BANK OF INDIA |
MALAD (EAST)
BRANCH, OFF RANI SATI MARG, NEAR OLD LEVEL
CROSSING, MALAD (EAST), MUMBAI, MAHARASHTRA |
- |
|
8 |
90154980 |
29/11/1995 |
3,947,000.00 |
BANK OF INDIA |
MALAD EAST
BRANCH, MUMBAI, MAHARASHTRA - 400097, INDIA |
- |
|
9 |
90156223 |
26/02/2001 * |
3,947,000.00 |
BANK OF INDIA |
MALAD EAST
BRANCH, MUMBAI, MAHARASHTRA - 400097, INDIA |
- |
|
10 |
90156217 |
26/02/2001 * |
1,000,000.00 |
BANK OF INDIA |
MALAD EAST
BRANCH, MUMBAI, MAHARASHTRA - 400097, INDIA |
- |
|
11 |
90156171 |
26/02/2001 * |
1,000,000.00 |
BANK OF INDIA |
MALAD EAST
BRANCH, MUMBAI, MAHARASHTRA - 400097, INDIA |
- |
* Date of charge modification
FIXED ASSETS:
· Land
· Building
· Plant and Machinery
· Electrification
· Computers
· Motor Car
· Office Furniture
· Capital WIP
· Office Equipment
· Weighting Machine
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.58.91 |
|
|
1 |
Rs.90.68 |
|
Euro |
1 |
Rs.78.21 |
INFORMATION DETAILS
|
Information Gathered
by : |
PLK |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
33 |
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.