MIRA
INFORM REPORT
|
Report Date : |
25.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
KATARIA INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
34-44, Industrial Estate, Ratlam-457001, Madhya Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
11.05.2004 |
|
|
|
|
Com. Reg. No.: |
10-029530 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 38.531 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27300MP2004PTC029530 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BPLK02632A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCK4830H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Seller of Steel Wire, Plastic Products,
Cables and Conductors. |
|
|
|
|
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 780000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is a part of “KATARIA GROUP”. Subject is an established company having a moderate track record.
There appears drastic fall in its profitability. The profits margin seems to
be low. 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 : BB+ |
|
Rating Explanation |
Having moderate risk of default regarding timely servicing of
financial obligation. |
|
Date |
February, 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 / Factory 1/ Work and Administration/ Cable
Conductor Division :: |
34-44, Industrial Estate, Ratlam-457001, Madhya Pradesh, India |
|
Tel. No.: |
91-7412-261011/ 261141-44/ 261130/ 260554/261174 |
|
Fax No.: |
91-7412-261345/ 261153-54/ 261174/321174 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 2/ |
304, |
|
Tel. No.: |
91-731-2522967/ 3043430 |
|
Fax No.: |
91-731-2519573 |
|
Location : |
Owned |
|
|
|
|
Factory 3/ Warehouse: |
23-26, Kataria Complex, Ring Road, Dewas Naka Indore – 452001, |
|
Tel. No.: |
91-731-4249968 |
|
Fax No.: |
91-731-4249967 |
|
|
|
|
Branch Office : |
Located at: ·
· Mumbai ·
· Chennai ·
· Kolkata |
DIRECTORS
As on 30.09.2012
|
Name : |
Mr. Madan Lal Kataria |
|
Designation : |
Whole Time Director |
|
Address : |
10-12 Ghass Bazar, Ratlam – 457001, Madhya Pradesh, India |
|
Date of Birth/Age : |
29.03.1951 |
|
Qualification : |
M.Com |
|
Date of Appointment : |
01.01.2005 |
|
PAN No.: |
ACFPK5779D |
|
DIN No.: |
00088902 |
|
|
|
|
Name : |
Mr. Arun Kataria |
|
Designation : |
Whole Time Director |
|
Address : |
44-B, Ghass Bazar, Ratlam-457001, Madhya Pradesh, India |
|
Date of Birth/Age : |
17.12.1981 |
|
Qualification : |
M.Com |
|
Date of Appointment : |
11.05.2004 |
|
PAN No.: |
AHCPK6955D |
|
DIN No.: |
00088999 |
|
|
|
|
Name : |
Mr. Praveen Kataria |
|
Designation : |
Whole Time Director |
|
Address : |
63, Choumukhipul, Ratlam – 457001, Madhya Pradesh, India |
|
Date of Birth/Age : |
05.09.1973 |
|
Qualification : |
MBA |
|
Date of Appointment : |
01.01.2005 |
|
PAN No.: |
ACMPK3616N |
|
DIN No.: |
00088633 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Arun Kataria |
|
5000 |
|
Sunil Kataria |
|
188940 |
|
Anokhilal Pannalalji HUF |
|
238600 |
|
Manoharlal Pannalalji HUF |
|
138600 |
|
Kantilal Pannalalji HUF |
|
352800 |
|
Madanlal Pannalalji HUF |
|
277200 |
|
Ashok Kumar Pannalalji HUF |
|
272200 |
|
Madanlal Kataria |
|
41800 |
|
Praveen Kataria |
|
165631 |
|
Arvind Kataria |
|
165631 |
|
Anil Kataria |
|
195210 |
|
Ashok Kataria |
|
99550 |
|
Asha Devi Kataria |
|
174130 |
|
Anoop Kataria |
|
348615 |
|
Mansarowar Developers Private Limited, |
|
725000 |
|
Nagina Devi Kataria |
|
62855 |
|
Rakhi Kataria |
|
290865 |
|
Sonic Biochem Extraction Limited, India |
|
93500 |
|
Suman Devi Kataria |
|
3641 |
|
Sushila Devi Kataria |
|
6676 |
|
Chanda Devi Kataria |
|
6676 |
|
TOTAL |
|
3853120 |
As on 30.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
21.00 |
|
Directors or relatives of Directors |
79.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Seller of Steel Wire, Plastic Products,
Cables and Conductors. |
|
|
|
|
Products : |
v Wire Division · L.R.P.C. Strand · Tyre Bead Wire · Spring Wire · Spoke Wire v Cable and Conductor Division · Aluminium Wires and Cables · Aerial Bunched Cable · House Wires · Multi Core Cables · Three Core Flat Cables · ACSR v
Plastic
Division ·
HDPE Pipes ·
Sprinkler Pipes ·
PLB HDPE Cable Duct ·
HDPE Cable Duct Pipes ·
PVC Pipes ·
Suction and Garden Pipes ·
Column Pipes ·
Corrugated and Couplers ·
Plumb Pipes ·
SWR Pipes ·
Electrical Conduits ·
Blue Casing Pipes ·
Moulded Fittings PVC / PE |
PRODUCTION STATUS AS ON 31.03.2011
|
Particulars |
Unit |
Registered Capacity |
Installed Capacity |
|
M.s./Chq. Htgs/HC/PC wire |
MT |
144000 |
144000 |
|
Plastic Products |
MT |
30000 |
30000 |
|
Cable and Conductors |
MT |
36000 |
18000 |
|
Fabricated Structural Product |
MT |
5000 |
1000 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
State Bank of India, Sme Branch, Mitra Niwas Road, Ratlam - 457001, Madhya Pradesh, India |
||||||||||||
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Facilities : |
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|
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
P. D. Nagar and Company |
|
Address : |
403, City Plaza, 564, M.G. Road, Indore |
|
PAN.: |
AASPN6728J |
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|
|
|
Related Party : |
· Amkam Industries Private Limited · Daulatram Metal Private Limited · D.P. Wires Private Limited · Gulab Resources Private Limited · Himsagar Real Estate Private Limited · Kataria Construction Company · Kataria Steel And Alloys Private Limited · Ni Rmal Advisory Private Limited · Panna Resources Private Limited · Ratlam Wires Private Limited · San Industries Private Limited · Shree Sugan Infrastructure Private Limited · Shri Hanuman Minning Corporation Private Limited · Sonic Fiscal Services Private Limited · Utkarsh Land Developers Private Limited |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5500000 |
Equity Shares |
Rs.10/- each |
Rs.55.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3853120 |
Equity Shares |
Rs.10/- each |
Rs. 38.531
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 |
|
38.531 |
38.531 |
|
(b) Reserves & Surplus |
|
155.741 |
150.958 |
|
(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) |
|
194.272 |
189.489 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
3.000 |
15.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
4.591 |
|
(c) Other long term liabilities |
|
0.732 |
3.272 |
|
(d) long-term provisions |
|
0.392 |
0.000 |
|
Total Non-current Liabilities (3) |
|
4.124 |
22.863 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
729.724 |
1028.930 |
|
(b) Trade payables |
|
31.984 |
24.511 |
|
(c) Other current
liabilities |
|
83.350 |
48.462 |
|
(d) Short-term provisions |
|
0.000 |
0.000 |
|
Total Current Liabilities (4) |
|
845.058 |
1101.903 |
|
|
|
|
|
|
TOTAL |
|
1043.454 |
1314.255 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
220.528 |
247.202 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible
assets under development |
|
0.000 |
21.334 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.072 |
0.713 |
|
(e) Other Non-current assets |
|
0.000 |
0.215 |
|
Total Non-Current Assets |
|
220.600 |
269.464 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
180.653 |
388.141 |
|
(c) Trade receivables |
|
299.333 |
355.962 |
|
(d) Cash and cash
equivalents |
|
32.830 |
45.440 |
|
(e) Short-term loans and
advances |
|
301.401 |
244.762 |
|
(f) Other current assets |
|
8.637 |
10.486 |
|
Total Current Assets |
|
822.854 |
1044.791 |
|
|
|
|
|
|
TOTAL |
|
1043.454 |
1314.255 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
37.596 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
129.103 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
166.699 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
381.864 |
|
|
2] Unsecured Loans |
|
|
659.430 |
|
|
TOTAL BORROWING |
|
|
1041.294 |
|
|
DEFERRED TAX LIABILITIES |
|
|
10.170 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1218.163 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
287.883 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
367.823
|
|
|
Sundry Debtors |
|
|
393.178
|
|
|
Cash & Bank Balances |
|
|
29.805
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
270.327
|
|
Total
Current Assets |
|
|
1061.133
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
93.364
|
|
|
Other Current Liabilities |
|
|
35.546
|
|
|
Provisions |
|
|
2.211
|
|
Total
Current Liabilities |
|
|
131.121
|
|
|
Net Current Assets |
|
|
930.012
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.268 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1218.163 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
3053.753 |
3747.516 |
4308.367 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
2892.506 |
3554.921 |
4056.688 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
161.247 |
192.595 |
251.679 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
104.392 |
107.459 |
121.227 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
56.855 |
85.136 |
130.452 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
56.077 |
66.886 |
69.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.778 |
18.250 |
61.052 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.478 |
3.638 |
9.706 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.300 |
14.612 |
51.346 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
0.000 |
1.815 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
NA |
NA |
625.769 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.08 |
3.79 |
7.54 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
PAT / Total Income |
(%) |
0.01
|
0.39 |
1.19
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.07
|
1.41 |
4.53
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00
|
0.10 |
0.37
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.77
|
5.51 |
6.25
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.73
|
3.88 |
8.09
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
OVERVIEW
Subject is engaged in the business of manufacturing and sale of steel wire, Plastic Products, Cables and Conductors. In addition, the Company has Wind Mills located in India for generation and supply of electricity.
REVIEW OF THE
WORKING:
Besides over Industrial recession resulting into cut throat competition, the company also faced power problem. However the turnover crossed to Rs. 3053.753 millions against the previous year Rs. 3747.516 millions and profit after tax Rs. 3.00 lacs against the previous year Profit of Rs. 14.612 millions.
UNSECURED LOANS
|
Particulars |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
In Millions) |
|
Intercorporate borrowings |
1.718 |
84.574 |
|
Deposits from shareholders |
432.651 |
522.558 |
|
Total |
434.369 |
607.132 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U27300MP2004PTC029530 |
|
Name of the
company |
KATARIA
INDUSTRIES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
34-44, Industrial Estate, Ratlam-457001, Madhya Pradesh, India E-mail: katariawires@rediffmail.com
|
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10057082 |
|
Type of charge |
Immovable property Book debts Movable property (not being pledge) Floating charge Others (Gurantee by Directors) |
|
Particular of
charge holder |
State Bank of India, Sme Branch, Mitra Niwas Road, Ratlam - 457001, Madhya Pradesh, India E-mail: sbi.09452@sbi.co.in
|
|
Nature of
instrument creating charge |
Form C5 Letter
Regarding the Grant of Individual Limits Within the Overall Limit.Dated
16.04.2013 For Rs. 686.000 millions |
|
Date of
instrument Creating the charge |
16.04.2013 |
|
Amount secured by
the charge |
Rs. 686.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Cash Credit -
3.05% above Base Rate Letter of Credit
- As per bank instructions Bank Guarantee - As
per bank instructions Terms of Repayment Wokring Capital
Limits on Demand Margin Cash Credit - Raw
Material 25%, SIP 30%, Finished Goods 25%, Receivable (cover period 60 days)
40%, LC 10%, BG 10%. Extent and Operation of the charge For Working Capital
Limit - First Hypothecation Charge on the entire current assets of the
company Extension of
Charge by way of equitable mortgage on entire fixed assets, land and building
(present and to be acquired) Extension of Charge
on entire current assets of the company. Others The Limits is Guaranteed by all the Directors. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Exclusive Charge
by way of hypothecation/mortgage over the stock, book debts, machinery and
all other assets and immovable properties being lying and situated at factory
land building at (1) Plot No. 34
To 44 (2) Plot No. 34
Part and Plot No. 39 to 43 (3) Plot No. 34
to 38 and Plot No. 39 to 43 and Plot No. 43 (4) Plot No. 44
and 44A Situated at Industrial Estate, Ratlam (Madhya Pradesh) |
|
Date of
instrument modifying the charge |
11.03.2011 |
|
Particulars of
the present modification |
The Following
Modification has been doen: 1) Working Capital
Limits decreased by Rs. 60.000 millions 2) Term Loan is
NIL 3) LC Limit
enhance by Rs. 30.000 millions 4) BG Limit
enhance by Rs. 150.000 millions Total Limits
Decreased by Rs. 5.000 millions |
FIXED ASSETS
· Land
· Buildings
· Factory Building
· Plant and Equipment
· Factory Equipments
· Other Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Computer Equipments
· Other 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.59.73 |
|
|
1 |
Rs.91.82 |
|
Euro |
1 |
Rs.78.23 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
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 |
|
DEFAULTER |
|
|
|
--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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.