1. Summary Information
|
Country |
India |
||
|
Company Name |
KARUNA MANAGEMENT SERVICES PRIVATE LIMITED |
Principal Name 1 |
Mr. Sanjoy Tekriwal |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Sandeep Tekriwal |
|
Registration # |
|
||
|
Street Address |
Meridian Plaza,
207, C.R. Avenue, 4th Floor, Kolkata – 700006, West Bengal, India |
||
|
Established Date |
14.07.1995 |
SIC Code |
-- |
|
Telephone# |
91-33-22693289 |
Business Style 1 |
Distributors |
|
Fax # |
91-33-22693288 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Samsung Mobile |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.9,078,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate – 60.49% Directors
or relatives of directors – 39.21% Others – 0.30% |
Banking |
State Bank of
India |
|
Public Limited Corp. |
No |
Business Period |
18 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba
(45) |
|
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 |
194,818,000 |
Current Liabilities |
80,995,000 |
|
Inventories |
265,582,000 |
Long-term Liabilities |
235,300,000
|
|
Fixed Assets |
19,676,000 |
Other Liabilities |
10,711,000 |
|
Deferred Assets |
-- |
Total Liabilities |
327,006,000 |
|
Invest& other Assets |
7,027,000 |
Retained Earnings |
151,019,000 |
|
|
|
Net Worth |
160,097,000 |
|
Total Assets |
487,103,000 |
Total Liab. & Equity |
487,103,000 |
|
Total Assets (Previous Year) |
374,245,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
-- |
Net Profit |
-- |
|
Sales(Previous yr) |
-- |
Net Profit(Prev.yr) |
21,912,000 |
|
Report Date : |
22.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
KARUNA MANAGEMENT SERVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
14.07.1995 |
|
|
|
|
Com. Reg. No.: |
21-072875 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.078 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U67120WB1995PTC072875 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALK02922D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCK1666L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Distributors of Samsung Mobile. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 640000 |
|
|
|
|
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BBB – (Long Term Rating) |
|
Rating Explanation |
Moderate degree of safety. It carry moderate risk |
|
Date |
December 14, 2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A3 (Short Term Rating) |
|
Rating Explanation |
Moderate degree of safety. It carry higher credit risk |
|
Date |
December 14, 2012 |
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 / Corporate Office : |
|
|
Tel. No.: |
91-33-22693289/90 |
|
Fax No.: |
91-33-22693288 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
Located At:
|
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Sanjoy Tekriwal |
|
Designation : |
Director |
|
Address : |
BG-14, Sector II, |
|
Date of Birth/Age : |
16.10.1960 |
|
Date of Appointment : |
12.08.1996 |
|
DIN No.: |
00495631 |
|
|
|
|
Name : |
Mr. Sandeep Tekriwal |
|
Designation : |
Director |
|
Address : |
BG-14, Sector II, |
|
Date of Birth/Age : |
14.05.1969 |
|
Date of Appointment : |
12.08.1996 |
|
DIN No.: |
00495666 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Madhu Tekriwal |
|
19800 |
|
Sanjoy Tekriwal |
|
80950 |
|
Siddharth Tekriwal |
|
8100 |
|
Gouri Shankar Biswanath (HUF) |
|
21900 |
|
Sashikant Chiripal |
|
2700 |
|
Gouri Shankar Tekriwal |
|
148240 |
|
Gouri Shankar Tekriwal (HUF) |
|
14500 |
|
Karuna Financial Services Private Limited, India |
|
168700 |
|
Meghna Tekriwal |
|
26500 |
|
Sandeep Tekriwal |
|
9100 |
|
Sanjoy Tekriwal (HUF) |
|
16550 |
|
Comfort Business Private Limited, |
|
101000 |
|
SHS Merchants Private Limited, |
|
73100 |
|
Samrat Vyapaar Private Limited, |
|
81600 |
|
Karuna Retails Private Limited, |
|
124725 |
|
Sandeep Tekriwal -HUF |
|
10400 |
|
Total |
|
907865 |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2012
|
Category |
Percentage |
|
Bodies corporate |
60.49 |
|
Directors or relatives of Directors |
39.21 |
|
Other top fifty shareholders |
0.30 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributors of Samsung Mobile. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
1/Industrial Finance Branch, 11, DR. U.N. Brahmachari Street,
Kolkata-700017, West Bengal, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Shruti Dokania and Associates Chartered Accountants |
|
Address : |
12, Mangoe Lane, 1st Floor, Kolkata – 700001,
West |
|
Tel. No.: |
91-33-38225661 |
|
PAN.: |
ADLPD5543K |
CAPITAL STRUCTURE
As on 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1250000 |
Equity Shares |
Rs.10/- each |
Rs. 12.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
907865 |
Equity Shares |
Rs.10/- each |
Rs.
9.038 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 |
9.078 |
9.039 |
8.339 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
151.019 |
125.502 |
69.290 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
160.097 |
134.541 |
77.629 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
235.300 |
148.195 |
138.419 |
|
|
2] Unsecured Loans |
0.000 |
0.208 |
0.957 |
|
|
TOTAL BORROWING |
235.300 |
148.403 |
139.376 |
|
|
DEFERRED TAX LIABILITIES |
0.405 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
395.802 |
282.944 |
217.005 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
19.676 |
9.486 |
7.019 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
7.027 |
4.894 |
8.882 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
265.582
|
262.966
|
170.778
|
|
|
Sundry Debtors |
154.467
|
283.916
|
112.197
|
|
|
Cash & Bank Balances |
12.250
|
8.172
|
8.216
|
|
|
Other Current Assets |
2.859
|
0.000
|
0.000
|
|
|
Loans & Advances |
25.242
|
15.972
|
13.022
|
|
Total
Current Assets |
460.400
|
571.026
|
304.213 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
71.982
|
275.225
|
84.076 |
|
|
Other Current Liabilities |
9.013
|
16.346
|
10.596 |
|
|
Provisions |
10.306
|
10.891
|
8.438
|
|
Total
Current Liabilities |
91.301
|
302.462
|
103.110 |
|
|
Net Current Assets |
369.099
|
268.564
|
201.104
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
395.802 |
282.944 |
217.005 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
N.A |
N.A |
N.A |
|
|
|
Other Income |
N.A |
N.A |
N.A |
|
|
|
TOTAL |
N.A |
N.A |
N.A |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
N.A |
N.A |
N.A |
|
|
|
Administrative Expenses |
N.A |
N.A |
N.A |
|
|
|
Advertising Expenses |
N.A |
N.A |
N.A |
|
|
|
TOTAL |
N.A |
N.A |
N.A |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
N.A |
N.A |
N.A |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
N.A |
N.A |
N.A |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
N.A |
N.A |
N.A |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
N.A |
N.A |
N.A |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
N.A |
32.780 |
9.341 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
N.A |
10.868 |
3.020 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
N.A |
21.912 |
6.321 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
N.A |
9.888 |
7.567 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
N.A |
4.000 |
4.000 |
|
|
BALANCE CARRIED
TO THE B/S |
N.A |
27.800 |
9.888 |
|
|
|
|
N.A |
|
|
|
|
|
Earnings Per
Share (Rs.) |
N.A |
24.240 |
7.59 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
N.A
|
5.65
|
3.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
N.A
|
0.24
|
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.47
|
3.35
|
3.12 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.04
|
1.89
|
2.95 |
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 two years |
No |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U67120WB1995PTC072875 |
|
Name of the
company |
KARUNA MANAGEMENT SERVICES PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
|
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
90245006 |
|
Type of charge |
Immovable
property |
|
Particular of
charge holder |
State Bank of Industrial Finance Branch, 11, DR. U.N. Brahmachari Street, Kolkata –
700017, West Bengal, India sbi.01936@sbi.co.in
|
|
Nature of
instrument creating charge |
Memorandum of Deposit for Creation of Charge for Term Loan/Overall Limit - (Form-C.9). Memorandum of Deposit for Creation of further charge for Term Loan/Overall Limit where the initial Charge is Created by way of Deposit of Title Deeds - (Form-C.10 |
|
Date of
instrument Creating the charge |
12.10.2012 |
|
Amount secured by
the charge |
Rs.518.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Cash Credit : At 2.75% above Base Rate, SLC : At 3.75% above Base Rate, Term Loan : At 2.90% above Base Rate. Terms of Repayment Working Capital Limit is repayable on demand. The Term Loan of Rs.45.000 Millions is repayable in 20 equal quarterly installments of Rs.2.250 Millions. Margin As stipulated by the Bank for the respective assets from time to time. Finished Goods : 25%, Receivables (Cover 90 days) : 30% and Bank Guarantee :10%. Extent and
Operation of the charge The charge operates as first charge basis on the whole of the mortgaged properties of the Company as mentioned in Column No.15 to secure the maximum amount under the said charge fixed at Rs.518.000 Millions together with interest, costs and charges thereon. Others The Borrower shall not do or allow anything which may prejudice the security and shall comply with the terms and conditions of the Agreements. All other terms and conditions continue to remain as before in full force and effect. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
All that pieces
or parcel of land measuring an area of 53 decimals i.e. 0.53 acres equivalent
to 1 bigha 12 cottahs 1 chittack and 1.80 sq.ft. more or less comprised in
L.R. Khatian 1361, L.R. Dag No.245,
246, 247, 248, 249, 250 in Mouza Dankuni Bill, J.L. No.83, Touzi No.17, P.S.
Dankuni within Dankuni Municipality, Sub Registry Office Janai, District
Hooghly. All that pieces
or parcel of land measuring an area of 53 decimals i.e. 0.53 acres equivalent
to 1 bigha 12 cottahs 1 chittack and 1.80 sq.ft. more or less comprised in L.R.
Khatian 1362, L.R. Dag No.245,
246, 247, 248, 249, 250 in Mouza Dankuni Bill, J.L. No.83, Touzi No.17, P.S.
Dankuni within Dankuni Municipality, Sub Registry Office Janai, District
Hooghly under Deed No.2952. . All that pieces or
parcel of land measuring an area of 83 decimals i.e. 0.83 acres equivalent to
2 bigha 10 cottahs 3 chittack and 19.80 q.ft. more or less comprised in L.R.
Khatian 1360, L.R. Dag No.245,
246, 251 in Mouza Dankuni Bill, J.L. No.83, Touzi No.17, P.S. Dankuni within
Dankuni Municipality, Sub Registry Office Janai, District Hooghly under Deed
No. 2953 All that the shop
room having an area of 522 sq.ft. on the ground floor, Block-A in the
building together with proportionate share of land and other common facilities
available at Premises No.20, Moulana Abul Kalam Azad Road, within the limits of the Howrah Municipal Corporation, Police Station Golabari, District Howrah and the said shop is butted and bounded as follows under Original
Title Deed No.I-3771 for the year 2002 registered in the office of the
Additional District Sub Registrar at Howrah and recorded in Book-I, Vol
No.85, Pages 210 to 227.On the North : Shop room, On the South :
Shop room in possession of one Ashok Dhagat, On the East :
Godown in possession of one Vikash Agarwal and On the West :
Dobson Road. |
|
Date of
instrument modifying the charge |
26.06.2010 |
|
Particulars of
the present modification |
By this
modification, charge on above mentioned mortgaged properties of the Company
situated at Premises No.20, Moulana Abul Kalam Azad Road, P.S. Golabari,
District Howrah extended to secure the enhanced overall limit Rs.357.500
Millions together with interest, costs and charges thereon. All other terms and
conditions continue to remain as before in full force and effect. |
|
Date of last modification prior to the present modification |
28/10/2011 |
|
Particulars of the present modification |
By this
modification, charge on mortgaged properties of the Company is additionally
secured by creation of mortgage situated at Mouza Dankuni Bill, District
Hooghly and charge on existing mortgaged properties of the Company situated
at 20, Moulana Abul Kalam Azad Road, P.S. Golabari, District Howrah extended
to secure the enhanced overall limit Rs.518.000 Millions together with interest, costs and charges
thereon. |
Note :
The registered office of the company has been shifted from Todi Chambers, Room 4062, Lal Bazar Street, Kolkata-700001, West Bengal, India to the present address w.e.f. 01.06.2007.
UNSECURED LOAN :
|
Particulars |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Working capital loans unsecured |
0.000 |
0.208 |
|
Total |
0.000 |
0.208 |
FIXED ASSETS:
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.54.28 |
|
|
1 |
Rs.82.06 |
|
Euro |
1 |
Rs.72.23 |
INFORMATION DETAILS
|
Report Prepared
by : |
RSMK |
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 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.