Business
information report
1. Summary Information
|
|
|
Country |
India |
|
Company Name |
KLASSIK LAMITEX PRIVATE LIMITED |
Principal Name 1 |
Mr. Rajesh Rungta |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Shyam Sundar Rungta |
|
|
|
Registration # |
21-102198 |
|
Street Address |
Johar Building, Suite No. 6A, 6th Floor, 22, Lu Tusun
Sarani, Kolkata-700073, West Bengal |
||
|
Established Date |
11.03.2005 |
SIC Code |
-- |
|
Telephone# |
91-33-40077936 |
Business Style 1 |
Manufacturer |
|
Fax # |
-- |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Textile Laminates |
|
|
# of employees |
Not Available |
Product Name 2 |
PVC Coated Fabrics |
|
Paid up capital |
Rs.
1,647,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate – 38.98% Directors or
relatives of Directors – 61.02% |
Banking |
ICICI Bank |
|
Public Limited Corp. |
No |
Business Period |
8 Years |
|
IPO |
No |
International Ins. |
- |
|
Public Enterprise |
No |
Rating |
Ba (46) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
70,687,000 |
Current Liabilities |
58,297,000 |
|
Inventories |
26,968,000 |
Long-term Liabilities |
186,948,000 |
|
Fixed Assets |
254,439,000 |
Other Liabilities |
2,063,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
247,308,000 |
|
Invest& other Assets |
5,232,000 |
Retained Earnings |
108,371,000 |
|
|
|
Net Worth |
110,018,000 |
|
Total Assets |
357,326,000 |
Total Liab. & Equity |
357,326,000 |
|
Total Assets (Previous Year) |
118,704,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
361,543,000 |
Net Profit |
14,205,000 |
|
Sales(Previous yr) |
376,046,000 |
Net Profit(Prev.yr) |
6,669,000 |
MIRA
INFORM REPORT
|
Report Date : |
19.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
KLASSIK LAMITEX PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Johar Building, Suite No. 6A, 6th Floor, 22, Lu Tusun
Sarani, Kolkata-700073, West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
11.03.2005 |
|
|
|
|
Com. Reg. No.: |
21-102198 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.1.647 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18102WB2005PTC102198 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALK04217D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCK5275E |
|
|
|
|
Legal Form : |
Private Limited Liability
Company |
|
|
|
|
Line of Business
: |
Manufacturer of Textile Laminates and PVC Coated Fabrics. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 440000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
Trade relations are reported as fair. Business is active. Payments are reported
to be usually correct and as per commitments. The company can be considered normal 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
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 : |
Johar Building, Suit No.6A, 6th Floor, 22 Lu Tsun, Sarani,
Kolkata-700072, West Bengal, India |
|
Tel. No.: |
91-33-40077936 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
1104 A, Chiranjiv Towers, 43, Nehru Place, New Delhi-110019, India |
|
Tel. No.: |
91-11-26436610 / 46125780 |
|
Fax No.: |
91-11-41000946 |
|
|
|
|
Factory 1 : |
Coated Fabrics Division Village Sanpali, P O Railawas, 84, Miulestone NH-8, Rewari-123106, Haryana,
India |
|
|
|
|
Factory 2 : |
Flame Lamination Division B-15 and C-18, UOSIDC Industrial Area, Kosi Kalan, Mathura-281403,
Uttar Pradesh, India |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Rajesh Rungta |
|
Designation : |
Director |
|
Address : |
Flat D, 3rd Floor, 8 Dr Ashutosh Sastri Road,
Kolkata-700010, West Bengal, India |
|
Date of Birth/Age : |
09.09.1963 |
|
Date of Appointment : |
11.03.2005 |
|
PAN No.: |
ACNPR5103J |
|
DIN No.: |
00073857 |
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 |
U51909WB1993PTC058818 |
WARDHAMAN
TRADE AND COMMERCE PRIVATE LIMITED |
Director |
14/08/2003 |
14/08/2003 |
Active |
NO |
|
2 |
U18102WB2005PTC102198 |
KLASSIK
LAMITEX PRIVATE LIMITED |
Managing
director |
11/03/2005 |
11/03/2005 |
Active |
NO |
|
Name : |
Mr. Shyam Sundar Rungta |
|
Designation : |
Director |
|
Address : |
Flat D, 3rd Floor, 8 Dr Ashutosh Sastri Road,
Kolkata-700010, West Bengal, India |
|
Date of Birth/Age : |
27.01.1938 |
|
Date of Appointment : |
11.03.2005 |
|
PAN No.: |
ADLPR3523L |
|
DIN No.: |
00073975 |
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 |
U51909WB1993PTC058818 |
WARDHAMAN
TRADE AND COMMERCE PRIVATE LIMITED |
Director |
12/05/2003 |
12/05/2003 |
Active |
NO |
|
2 |
U18102WB2005PTC102198 |
KLASSIK
LAMITEX PRIVATE LIMITED |
Director |
11/03/2005 |
11/03/2005 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Bimal Rungta |
1050 |
|
Rajesh Rungta |
85050 |
|
Rajesh Rungta HUF |
1050 |
|
Shyam Sundar Rungta |
12050 |
|
Rashmi Rungta |
1050 |
|
Anticlok Vyapaar Private Limited, India |
31000 |
|
Wardhaman Trade and Commerce Private Limited, India |
3200 |
|
Mansa Dealer Private Limited, India |
30000 |
|
Ankit Rungta |
50 |
|
Aditya Rungta HUF |
50 |
|
Shyam Sundar Rungta HUF |
50 |
|
Aditya Rungta |
50 |
|
Santwana Rungta |
50 |
|
TOTAL
|
164700 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
38.98 |
|
Directors or relatives of Directors |
61.02 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Textile Laminates and PVC Coated Fabrics. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS [AS ON 31.03.2011]
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Textile Laminated with PU Foam |
Linear Mtrs. |
NA |
2400000 |
1384594.80 |
|
Side Cuttings, Trimmings (Scrap) |
Kgs. |
NA |
NA |
4128.40 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
·
ICICI Bank, Saket Branch, Delhi, India ·
State Bank of India ·
Kotak Mahindra Bank |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
Haryana State Industrial and Infrastructure Development Corporation
Limited, C-13 and 14, Institutional Area, Sector-6, Panchkula-134109,
Haryana, India |
|
|
|
|
Auditors : |
|
|
Name : |
Anil Goenka and Company Chartered Accountant |
|
Address : |
10, Ganesh Chandra Avenue, 2nd Floor, Room No.11B,
Kolkata-700013, West Bengal, India |
|
Tel. No.: |
91-33-22219033 / 4003 – 6112 |
|
E-Mail : |
|
|
PAN No.: |
AAQFA9769A |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
360000 |
Equity Shares |
Rs.10/- each |
Rs. 3.600 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
164700 |
Equity Shares |
Rs.10/- each |
Rs. 1.647
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1.647 |
1.000 |
1.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
108.371 |
30.237 |
23.568 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
110.018 |
31.237 |
24.568 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
105.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
81.948 |
74.518 |
0.000 |
|
|
TOTAL BORROWING |
186.948 |
74.518 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
1.436 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
298.402 |
105.755 |
24.568 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
254.439 |
41.972 |
5.258 |
|
|
Capital work-in-progress |
5.232 |
3.290 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
26.968
|
4.696
|
3.104 |
|
|
Sundry Debtors |
46.763
|
30.712
|
36.668 |
|
|
Cash & Bank Balances |
0.976
|
2.875
|
0.128 |
|
|
Other Current Assets |
0.185
|
0.000
|
0.000 |
|
|
Loans & Advances |
22.763
|
35.159
|
7.030 |
|
Total
Current Assets |
97.655
|
73.442 |
46.930 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
35.697
|
12.452
|
27.597 |
|
|
Other Current Liabilities |
22.600
|
0.400
|
0.023 |
|
|
Provisions |
0.627
|
0.097
|
0.000 |
|
Total
Current Liabilities |
58.924
|
12.949 |
27.620 |
|
|
Net Current Assets |
38.731
|
60.493
|
19.310 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
298.402 |
105.755 |
24.568 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
361.543 |
376.046 |
275.366 |
|
|
|
Other Income |
2.816 |
1.492 |
0.930 |
|
|
|
TOTAL (A) |
364.359 |
377.538 |
276.296 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
346.069 |
365.743 |
269.824 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
[Including Financial |
11.795 |
6.472 |
|
|
|
|
Expenses |
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
And |
1.162 |
0.563 |
|
|
|
|
Depreciation] |
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
10.633 |
5.909 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
0.995 |
0.845 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
18.290 |
9.638 |
5.064 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.085 |
2.969 |
2.269 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
14.205 |
6.669 |
2.795 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
30.237 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
44.442 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Stores & Spares |
NA |
2.308 |
0.000 |
|
|
TOTAL IMPORTS |
NA |
2.308 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
86.25 |
66.69 |
27.95 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.90
|
1.77 |
1.01 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.06
|
2.56 |
1.84 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.19
|
8.35 |
9.70 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.31 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.70
|
2.39 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.66
|
5.67 |
1.70 |
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) |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
No |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
LONG TERM
BORROWINGS |
|
|
|
Loan From Inter Corporate Bodies |
81.948 |
74.518 |
|
|
|
|
|
TOTAL |
81.948 |
74.518 |
NOTE
The registered office of the company has been shifted from Room No. 23/2, 4th Floor, 35, C.R. Avenue, Kolkata-700012, West Bengal, India to the present address w.e.f. 10.09.2009.
FORM 8
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U18102WB2005PTC102198 |
|
Name of the
company |
KLASSIK LAMITEX
PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
Johar Building, Suite No. 6A, 6th Floor, 22, Lu Tusun
Sarani, Kolkata-700073, West Bengal, India |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
Haryana State Industrial and Infrastructure Development Corporation
Limited, C-13 and 14, Institutional Area, Sector 6, Panchkula-134109,
Haryana, India |
|
Email |
|
|
Nature of description
of the instrument creating or modifying the charge |
Agreement of
Hypothecation made on 11th day of January, 2012 for a term loan of Rs.
135.000 Millions secured by company's assets. |
|
Date of
instrument Creating the charge |
11.01.2012 |
|
Amount secured by
the charge |
Rs.135.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Prevailing rate
of interest of the lender at present being 13.50 % (Floating) Terms of Repayment Twenty Seven,
equal, quarterly installments of Rs.5.000 Millions each. Margin As per agreement Extent and Operation of the charge A first charge
over the borrower's immovable and movable properties including its machinery,
spares tools and accessories, present and future except book debts, stock of
Raw materials, semi-finished and finished goods, consumable stores and such
other movables as may be agreed for obtaining working capital facilities |
|
Short particulars
of the property charged |
Equitable
mortgage of Company's 8.25 acres land at village Sanpali, P.O. Raliawas, 84
Milestone NH8, Rewari, Haryana 123106. Documents not executed. All Buildings,
Plant and machinery, other accessories, movable and immovable assets situated
at village Sanpali, P.O. Raliawas, 84 Milestone NH8, Rewari, Haryana 123106. |
FIXED ASSETS
·
Office Building
·
Motor Car
·
Scooter Motor Cycle
·
Fax Machine
·
Air Conditioner
·
Power Invertors
·
Cooler
·
Refrigerator
·
Television
·
Water Purifier
·
Furniture and Fixtures
·
Computer and Computer Software
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. 54.29 |
|
|
1 |
Rs. 81.93 |
|
Euro |
1 |
Rs. 70.01 |
INFORMATION DETAILS
|
Report Prepared by
: |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
46 |
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.