MIRA
INFORM REPORT
|
Report Date : |
18.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
KLENE PAKS LIMITED |
|
|
|
|
Registered
Office : |
P.B. No.7611, 7th Mile, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
08.07.1971 |
|
|
|
|
Com. Reg. No.: |
08-002070 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 69.600 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85110KA1971PLC002070 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRK04155E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK9426D |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of
HDPE bags |
|
|
|
|
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 1600000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
The performance capability appears to be high. Trade relations are reported
to be fair. Business is active. Payments are reported to be usually correct
and as per commitment. The company can be considered for business dealings at usual trade
terms and condition. |
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/ Factory : |
P.B. No.7611, 7th Mile, Bannerghatta Road,
Bangalore–560076, Karnataka, India |
|
Tel. No.: |
91-80-26583703/ 26581596 / 26580464 |
|
Fax No.: |
91-80-26582796 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2 Acres |
|
Location : |
Owned |
|
|
|
|
Godown : |
Located at:
|
DIRECTORS
AS ON 30.09.2012
|
Name : |
Mr. Sunil Kumar Sipani |
|
Designation : |
Director |
|
Address : |
No.831, 13th Main, 3rd Block, Koramangala, |
|
Date of Birth/Age : |
30.06.1979 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
20.09.2000 |
|
PAN No.: |
ASRPS5499J |
|
DIN No.: |
00108622 |
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 |
U02411KA1996PTC019905 |
EXCELLENT
FINTRADE PRIVATE LIMITED |
Director |
22/12/1997 |
22/12/1997 |
Active |
NO |
|
2 |
U25200KA1971PLC002070 |
KLENE
PAKS LIMITED |
Director |
25/09/2000 |
25/09/2000 |
Active |
NO |
|
3 |
U65993KA1982PTC004624 |
S L INVESTORS
AND TRADERS PRIVATE LIMITED |
Director |
20/07/2005 |
20/07/2005 |
Active |
NO |
|
4 |
U60231WB2008PTC130996 |
KLENE
LOGISTICS PRIVATE LIMITED |
Director |
02/12/2008 |
02/12/2008 |
Active |
NO |
|
5 |
U51109WB2005PTC104095 |
SABIAN
DEALERS PRIVATE LIMITED |
Director |
31/08/2010 |
15/06/2009 |
Active |
NO |
|
Name : |
Ms. Kumud Devi Sipani |
|
Designation : |
Director |
|
Address : |
No.831, 13th Main, 3rd Block, Koramangala, |
|
Date of Birth/Age : |
29.03.1958 |
|
Date of Appointment : |
29.09.1997 |
|
PAN No.: |
ABKPS6159B |
|
DIN No.: |
00108697 |
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 |
U25200KA1971PLC002070 |
KLENE
PAKS LIMITED |
Director |
29/09/1997 |
29/09/1997 |
Active |
NO |
|
2 |
U65993KA1982PTC004624 |
S L
INVESTORS AND TRADERS PRIVATE LIMITED |
Managing
director |
08/01/2004 |
08/01/2004 |
Active |
NO |
|
3 |
U51109WB1995PTC074881 |
PARAMITE
RETAILER PRIVATE LIMITED |
Director |
14/10/2006 |
14/10/2006 |
Active |
NO |
|
4 |
U55101WB2007PTC118188 |
AAKANSHA
VYAPAAR PRIVATE LIMITED |
Director |
20/05/2010 |
20/05/2010 |
Active |
NO |
|
Name : |
Mr. Jas Karan Surana |
|
Designation : |
Director |
|
Address : |
No.13, 80 Feet Road, S T Bed Chandra Reddy Layout, Koramangala,
Bangalore-560034, Karnataka, India |
|
Date of Birth/Age : |
01.01.1966 |
|
Date of Appointment : |
30.12.1999 |
|
DIN No.: |
00108735 |
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 |
U28939KA1984PTC006245 |
JAGUAR
MOULDINGS PRIVATE LIMITED |
Director |
04/09/1989 |
04/09/1989 |
Active |
NO |
|
2 |
U25200KA1971PLC002070 |
KLENE
PAKS LIMITED |
Director |
30/12/1999 |
30/12/1999 |
Active |
NO |
|
Name : |
Mr. Vimal Chand Sipani |
|
Designation : |
Managing Director |
|
Address : |
No.831, 13th Main, 3rd Block, Koramangala, |
|
Date of Birth/Age : |
21.09.1957 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
20.04.1983 |
|
PAN No.: |
AHCPS1105R |
|
DIN No.: |
00900034 |
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 |
U25200KA1971PLC002070 |
KLENE
PAKS LIMITED |
Managing
director |
20/04/1983 |
20/04/1983 |
Active |
NO |
|
2 |
U51109WB1995PTC074881 |
PARAMITE
RETAILER PRIVATE LIMITED |
Director |
14/10/2006 |
14/10/2006 |
Active |
NO |
|
3 |
U51109WB2005PTC104095 |
SABIAN
DEALERS PRIVATE LIMITED |
Director |
31/08/2010 |
15/06/2009 |
Active |
NO |
|
Name : |
Mr. Jitendra Prakash |
|
Designation : |
Director |
|
Address : |
E-3/54-56, Nanjappa Layout, Syndicate Bank Colony, bannerghatta Road,
Bangalore-560076, Karnataka, India |
|
Date of Birth/Age : |
23.03.1956 |
|
Date of Appointment : |
09.03.2010 |
|
DIN No.: |
01760271 |
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 |
U01122KA1995PTC018270 |
INVITRO
INTERNATIONAL PRIVATE LIMITED |
Whole-time
director |
30/04/2005 |
11/07/1995 |
Active |
NO |
|
2 |
U25200KA1971PLC002070 |
KLENE
PAKS LIMITED |
Director |
09/03/2010 |
09/03/2010 |
Active |
NO |
|
3 |
U01403WB2010PTC154081 |
BENGAL
INVITRO VENTURE PRIVATE LIMITED |
Director |
14/10/2010 |
14/10/2010 |
Under
Process of Striking off |
NO |
|
Name : |
Mr. Punit Kumar Sipani |
|
Designation : |
Additional Director |
|
Address : |
No.831, 13th Main, 3rd Block, Koramangala, |
|
Date of Birth/Age : |
11.03.1987 |
|
Qualification : |
BBMA |
|
Date of Appointment : |
06.08.2008 |
|
PAN No.: |
AZYPS3254M |
|
DIN No.: |
02279182 |
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 |
U25200KA1971PLC002070 |
KLENE
PAKS LIMITED |
Additional
director |
06/08/2008 |
06/08/2008 |
Active |
NO |
|
2 |
U60231WB2008PTC130996 |
KLENE
LOGISTICS PRIVATE LIMITED |
Director |
02/12/2008 |
02/12/2008 |
Active |
NO |
|
3 |
U70101WB1992PTC054587 |
BHAVATARINI
PROMOTERS PRIVATE LIMITED |
Director |
21/02/2009 |
21/02/2009 |
Active |
NO |
|
4 |
U55101WB2007PTC118188 |
AAKANSHA
VYAPAAR PRIVATE LIMITED |
Director |
28/09/2012 |
28/09/2012 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON AS ON
30.09.2012
|
Names of Shareholders |
No. of Shares |
|
Bhavatarini Promoters Private Limited, India |
1326500 |
|
Excellent Fintrade Private Limited, India |
853500 |
|
Jethi Devi Jain |
137600 |
|
Kumud Devi Sipani |
674580 |
|
Paramite Retailers Private Limited, India |
650000 |
|
Punit Kumar Sipani |
186970 |
|
Sablan Dealers Private Limited, India |
965000 |
|
S L Investors and Traders Private Limited, India |
211700 |
|
Sohanlal Sipani (HUF) |
11000 |
|
Sunil Kumar Sipani |
595700 |
|
Vimal Chand Sipani |
1052120 |
|
Vimal Chand Sipani (HUF) |
295310 |
|
TOTAL
|
6959980 |
AS ON 30.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
58.00 |
|
Directors or relatives of Directors |
42.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of HDPE bags. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
|
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M.A. Narasimhan and Company Chartered Accountants |
|
Address : |
New No.25 (Old No.13), 7th Cross, Swimming Pool Extension,
Malleswaram, |
|
Tel. No.: |
91-80-23344701 |
|
Fax No.: |
91-80-23562814 |
|
PAN No.: |
AAGFM7833H |
|
|
|
|
Associates : |
·
Paramite Retailers Private Limited ·
Sabian Dealers Private Limited ·
S L Investors and traders Private Limited ·
Aakansha Vyapaar Private Limited ·
Excellent Fin Trade Private Limited ·
Bhavatarini Promoters Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14000000 |
Equity Shares |
Rs.10/- each |
Rs. 140.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6959980 |
Equity Shares |
Rs.10/- each |
Rs. 69.600
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 |
69.600 |
69.600 |
69.600 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
351.611 |
330.527 |
317.358 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
421.211 |
400.127 |
386.958 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
284.557 |
228.011 |
87.593 |
|
|
2] Unsecured Loans |
306.552 |
152.724 |
101.664 |
|
|
TOTAL BORROWING |
591.109 |
380.735 |
189.257 |
|
|
DEFERRED TAX LIABILITIES |
8.845 |
9.446 |
6.137 |
|
|
|
|
|
|
|
|
TOTAL |
1021.165 |
790.308 |
582.352 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
407.173 |
408.772 |
265.035 |
|
|
Capital work-in-progress |
11.763 |
27.590 |
25.377 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
181.238
|
177.681 |
122.648 |
|
|
Sundry Debtors |
146.634
|
74.591 |
51.619 |
|
|
Cash & Bank Balances |
195.296
|
36.410 |
71.746 |
|
|
Other Current Assets |
21.502
|
10.211 |
17.236 |
|
|
Loans & Advances |
122.580
|
102.059 |
82.686 |
|
Total
Current Assets |
667.250
|
400.952 |
345.935 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
36.413
|
25.991 |
36.092 |
|
|
Other Current Liabilities |
25.082
|
16.683 |
16.609 |
|
|
Provisions |
3.526
|
4.332 |
1.294 |
|
Total
Current Liabilities |
65.021
|
47.006 |
53.995 |
|
|
Net Current Assets |
602.229
|
353.946 |
291.940 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1021.165 |
790.308 |
582.352 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3322.175 |
2470.430 |
1607.806 |
|
|
|
Other Income |
2.096 |
1.460 |
1.544 |
|
|
|
TOTAL (A) |
3324.271 |
2471.890 |
1609.350 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
2976.899 |
|
1570.529 |
|
|
|
Employee benefit expense |
38.282 |
17.310 |
|
|
|
|
Other expenses |
227.993 |
171.874 |
|
|
|
|
Prior Period Items |
0.898 |
0.000 |
|
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
(24.062) |
15.851 |
|
|
|
|
TOTAL (B) |
3220.010 |
2389.133 |
1570.529 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
104.261 |
82.757 |
38.821 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
33.051 |
25.084 |
4.876 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
71.210 |
57.673 |
33.945 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
48.057 |
41.054 |
25.568 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
23.153 |
16.619 |
8.377 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.069 |
3.450 |
0.671 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
21.084 |
13.169 |
7.706 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
22.282 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
29.988 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.03 |
1.89 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.63
|
0.53 |
0.48 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.70
|
0.67 |
0.52 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.15
|
2.05 |
1.37 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
0.04 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.40
|
0.95 |
0.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
10.26
|
8.53 |
6.41 |
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 |
Yes |
|
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 |
No |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Loans and Advances from Directors |
33.983 |
28.403 |
|
Loans and Advances from Others |
116.566 |
119.927 |
|
Loans Repayable on Demand from Banks |
4.073 |
4.394 |
|
Loans and Advances From Related Parties |
151.930 |
0.000 |
|
|
|
|
|
TOTAL |
306.552 |
152.724 |
FINANCIAL RESULTS
The Company's
turnover during the current year is Rs.3322.175 Millions as against Rs.2470.430
Millions during the previous year. During the year the company has earned a Net
Profit after tax of Rs. 21.084 Millions as against Rs.13.169 Millions for the
previous year. The directors feel that the operating results are fairly
satisfactory. Major Plant Location:
1. Unit-1: P.B.No.
7611, 7th Mile, Banerghatta Road, Bangalore-560076 (Also Registered Office)
2. Unit-II: No.
15-A/7, Jigani Industrial Area, Jigani, Anekal Taluk, Bangalore
3. Unit-III: Plot
No: 24 to 30, and 37 to 43, Road No. 1 Gejjalagere Industrial Area, Maddur
Taluk, Mandhya District, Karnataka
4. Unit-IV: No.
33, Gejjalagere Industrial Area, Maddur Taluk, Mandhya Dist., Karnataka
5. Unit-V: Plot
No. 6,7 and 14,15. Road No. 7, KIADB Industrial Area, Gejjalagere, Maddur
Taluk, Mandhya District, Karnataka
FIXED ASSETS
·
Land
·
Building
·
Furniture and Fixtures
·
Office Equipments
·
Computer
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. 54.16 |
|
|
1 |
Rs. 81.74 |
|
Euro |
1 |
Rs. 70.50 |
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 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
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.