MIRA INFORM REPORT
|
Report Date : |
27.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
CALZINI FASHIONS LIMITED |
|
|
|
|
Registered
Office : |
D – 9/3 Okhla Industrial Area, Phase – II New Delhi–110020 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
14.06.2007 |
|
|
|
|
Com. Reg. No.: |
55-164774 |
|
|
|
|
Capital Investment/
Paid-up Capital: |
Rs.10.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74994DL2007PLC164774 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELCO9738B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exports of Garments |
|
|
|
|
No. of
Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 64000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The profitability of the company has seen a dip and the external
borrowings have tremendously increased during 2012. Financially, company seems
to be week as the reserves are low. However, trade relations are fair. Business is active. Payments are
recorded as 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 – 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 |
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 : |
D – 9/3 Okhla Industrial Area, Phase – II New Delhi– 110020, India |
|
Tel. No.: |
91-11 – 40653300/01/02/03/04 |
|
Mobile No.: |
91-9811515689 (Aayush Goenka) |
|
Fax No.: |
91-11 - 40560211 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory/ Corporate office: |
A -79, Sector -63, Opposite Fujjmoto, Company, Noida, |
DIRECTORS
AS ON 21.09.2012
|
Name : |
Mr. Hari Shanker Goenka |
|
Designation : |
Director |
|
Address : |
A – 41/5, |
|
Date of Birth/Age : |
19.09.1950 |
|
Date of Appointment : |
24.11.2010 |
|
Voter ID No.: |
WDC0067645 |
|
DIN No.: |
00026279 |
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 |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U27109DL1980PTC010559 |
KALINDI
BRIGHT STEELS AND TUBES PRIVATE LIMITED |
Director |
18-06-80 |
18-06-80 |
- |
Active |
NO |
|
2 |
U10200WB1963PTC025887 |
HANUMAN
COAL MINES PRIVATE LIMITED |
Director |
12-09-97 |
12-09-97 |
- |
Active |
NO |
|
3 |
L15141UP1940PLC000946 |
AMRIT
CORP. LIMITED |
Director |
21-05-03 |
21-05-03 |
06-07-07 |
Active |
NO |
|
4 |
L21012PB1997PLC035243 |
KUANTUM
PAPERS LIMITED |
Director |
25-10-06 |
25-10-06 |
20-07-07 |
Active |
NO |
|
5 |
L51909UP1985PLC056366 |
AMRIT
BANASPATI COMPANY LIMITED |
Director |
14-09-07 |
24-07-07 |
16-07-10 |
Active |
NO |
|
6 |
U17113DL1975PLC007853 |
KALINDI
WOOLLEN MILLS LIMITED |
Director |
30-09-08 |
30-09-08 |
- |
Active |
NO |
|
7 |
U17309DL1995PLC070398 |
SONAL
INTERTREND LIMITED |
Director |
18-07-10 |
18-07-10 |
- |
Active |
NO |
|
8 |
U67120DL2010PTC210021 |
KARMA
HOLDINGS PRIVATE LIMITED |
Director |
01-11-10 |
01-11-10 |
- |
Active |
NO |
|
9 |
U51909DL1984PLC018740 |
YASH
GLOBAL LIMITED |
Director |
24-11-10 |
24-11-10 |
- |
Active |
NO |
|
10 |
U74994DL2007PLC164774 |
CALZINI
FASHIONS LIMITED |
Director |
24-11-10 |
24-11-10 |
- |
Active |
NO |
|
Name : |
Mr. Aayush Goenka |
|
Designation : |
Director |
|
Address : |
A – 41/5, DLF City Phase –I Gurgoan-122002, Haryana India |
|
Date of Birth/Age : |
25.11.1970 |
|
Date of Appointment : |
14.06.2007 |
|
Voter ID No.: |
WDC0067652 |
|
DIN No.: |
01240928 |
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 |
U27109DL1980PTC010559 |
KALINDI
BRIGHT STEELS AND TUBES PRIVATE LIMITED |
Director |
18-06-80 |
18-06-80 |
Active |
NO |
|
2 |
U17309DL1995PLC070398 |
SONAL
INTERTREND LIMITED |
Director |
03-07-95 |
03-07-95 |
Active |
NO |
|
3 |
U74994DL2007PLC164774 |
CALZINI
FASHIONS LIMITED |
Director |
14-06-07 |
14-06-07 |
Active |
NO |
|
4 |
U51909DL1984PLC018740 |
YASH
GLOBAL LIMITED |
Director |
01-02-08 |
01-02-08 |
Active |
NO |
|
Name : |
Mr. Uma Shankar Goenka |
|
Designation : |
Director |
|
Address : |
A – 41/5, DLF City Phase –I Gurgoan-122002, Haryana India |
|
Date of Birth/Age : |
20.03.1948 |
|
Date of Appointment : |
14.06.2007 |
|
Voter ID No.: |
WDC0067674 |
|
DIN No.: |
02058132 |
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 |
U10200WB1963PTC025887 |
HANUMAN
COAL MINES PRIVATE LIMITED |
Director |
15-04-66 |
15-04-66 |
Active |
NO |
|
2 |
U51909HR1974PTC007578 |
STANDARD
GUM AND INDUSTRIES PRIVATE LIMITED |
Director |
12-09-77 |
12-09-77 |
Active |
NO |
|
3 |
U17113DL1975PLC007853 |
KALINDI
WOOLLEN MILLS LIMITED |
Director |
26-09-85 |
26-09-85 |
Active |
NO |
|
4 |
U70101UP2005PLC031130 |
DPK
ESTATES LIMITED |
Director |
22-12-05 |
22-12-05 |
Active |
NO |
|
5 |
U74994DL2007PLC164774 |
CALZINI
FASHIONS LIMITED |
Director |
14-06-07 |
14-06-07 |
Active |
NO |
|
6 |
U51909DL1984PLC018740 |
YASH
GLOBAL LIMITED |
Director |
01-02-08 |
01-02-08 |
Active |
NO |
|
7 |
U74899DL1973PLC006582 |
WOOL
SPUNS LIMITED |
Director |
01-10-08 |
01-10-08 |
Active |
NO |
|
8 |
U70109WB2012PTC173859 |
TANNIK
INTERNATIONAL PRIVATE LIMITED |
Director |
10-02-12 |
10-02-12 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 21.09.2012
|
Names of Shareholders |
No. of Shares |
|
Uma Shankar Goenka |
331500 |
|
Hari shanker goenka |
16500 |
|
Aayush Goenka |
180000 |
|
Ansumang Oenka |
12500 |
|
Abhilasha Goenka |
19500 |
|
Renuka Goenka |
15000 |
|
Kalindi Bright Steel and Tube Limited |
250000 |
|
Vikash Rajgadia |
150000 |
|
Radhey Shyam Goenka |
12500 |
|
Neeral Goenka |
12500 |
|
TOTAL
|
1000000 |
AS ON 21.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
25.00 |
|
Directors or relatives of Directors |
75.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exports of Garments |
|
|
|
|
Products : |
·
Cotton Knitted Socks ·
Handkerchiefs |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
·
Small Industries Development Bank of India, Block
E, G F NSIC Admin Building, NSIC-NTSC Complex, Gate No.3, O.I.A. Phase-III,
New Delhi-110020, India · Axis Bank, A – 7, DDA Shopping Complex, Defence Colony, New Delhi -110024, Delhi, India · Barclays Bank PLC · Dhan Laxmi Bank · HDFC Bank Limited · Punjab National Bank · State Bank of Travancore · United Commercial Bank · Bank of Baroda |
|||||||||||||||||||||||||||
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Manoj C. Agarwal Company Chartered Accountant |
|
Address : |
R- 32-33, Nand Gram, |
|
Tel. No.: |
95-120-2870778 |
|
Mobile No.: |
91-9810762332/9310062332 |
|
E-Mail : |
|
|
Pan No.: |
AFBPA6097H |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000
Millions |
|
|
|
|
|
AS ON 21.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000
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 |
10.000 |
10.000 |
1.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
5.000 |
|
|
3] Reserves & Surplus |
6.102 |
3.936 |
1.706 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
16.102 |
13.936 |
7.706 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
43.112 |
44.471 |
24.693 |
|
|
2] Unsecured Loans |
23.100 |
15.559 |
5.093 |
|
|
TOTAL BORROWING |
66.212 |
60.030 |
29.786 |
|
|
DEFERRED TAX LIABILITIES |
0.762 |
0.372 |
0.117 |
|
|
|
|
|
|
|
|
TOTAL |
83.076 |
74.338 |
37.609 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
13.241 |
12.449 |
5.887 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.275 |
1.260 |
0.675 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
33.000
|
36.563
|
0.000 |
|
|
Sundry Debtors |
47.127
|
33.347
|
19.030 |
|
|
Cash & Bank Balances |
4.136
|
3.877
|
1.400 |
|
|
Other Current Assets |
0.273
|
0.000
|
22.944 |
|
|
Loans & Advances |
4.374
|
1.857
|
0.000 |
|
Total
Current Assets |
88.910
|
75.644 |
43.374 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
8.771
|
4.803
|
6.209 |
|
|
Other Current Liabilities |
11.579
|
10.212
|
5.005 |
|
|
Provisions |
0.000
|
0.000 |
1.113 |
|
Total
Current Liabilities |
20.350
|
15.015 |
12.327 |
|
|
Net Current Assets |
68.560
|
60.629
|
31.047 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
83.076 |
74.338 |
37.609 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
207.096 |
178.941 |
108.729 |
|
|
|
Other Income |
1.265 |
(0.267) |
3.229 |
|
|
|
TOTAL (A) |
208.361 |
178.674 |
111.958 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
90.799 |
100.230 |
|
|
|
|
Purchase of Finished Goods |
45.869 |
29.430 |
|
|
|
|
Employee Benefits Expenses |
15.148 |
9.998 |
|
|
|
|
Other Expenses |
44.226 |
40.578 |
|
|
|
|
Changes in Inventories of Finished Goods |
(0.152) |
(11.308) |
|
|
|
|
TOTAL (B) |
195.890 |
168.928 |
105.380 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
12.471 |
9.746 |
6.578 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.439 |
5.963 |
4.188 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
4.032 |
3.783 |
2.390 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.875 |
0.571 |
0.568 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
3.157 |
3.212 |
1.822 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.991 |
0.982 |
0.587 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
2.166 |
2.230 |
1.235 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
3.936 |
1.706 |
0.471 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
6.102 |
3.936 |
1.706 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.17 |
2.23 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.04
|
1.25 |
1.10 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.52
|
1.80 |
1.63 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.09
|
3.65 |
3.70 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
0.23 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
4.11
|
4.31 |
3.87 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.37
|
5.04 |
3.52 |
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 |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
Yes |
|
34] |
External Agency Rating,
if available |
No |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Long Term
Borrowings |
|
|
|
Aayush Goenka |
0.670 |
0.416 |
|
Abhilasha Goenka |
0.275 |
0.000 |
|
Anshuman Goenka |
0.025 |
0.000 |
|
Hari Shankar Goenka |
0.172 |
0.000 |
|
Mangla Goenka |
0.200 |
0.000 |
|
Uma Shankar Goenka |
0.050 |
0.000 |
|
Neeraj Goenka |
0.020 |
0.320 |
|
Poonam Goenka |
0.170 |
0.170 |
|
Radhe Shyam Goenka |
0.000 |
0.300 |
|
Kalindi Bright Steels and Tubes Limited |
0.100 |
0.000 |
|
Cutex India |
0.000 |
3.342 |
|
Kishan Prasad and Company Limited |
0.000 |
1.918 |
|
Shree Trupati Thread |
0.000 |
3.101 |
|
Shinghara Clothing Private Limited |
0.200 |
0.000 |
|
Wool Spuns Limited |
2.500 |
0.000 |
|
Vikas Project Private Limited |
8.200 |
5.992 |
|
Bajaj Finserv Lending |
2.020 |
0.000 |
|
Barclays Bank PLC |
2.792 |
0.000 |
|
Dhan Laxmi Bank |
1.185 |
0.000 |
|
HDFC Bank Limited |
1.588 |
0.000 |
|
Magama Fincorp Limited |
1.736 |
0.000 |
|
Tata Capital Limited |
1.197 |
0.000 |
|
|
|
|
|
TOTAL |
23.100 |
15.559 |
NOTE
The Registered office of the company has been
shifted form the D -6/4 Okhla industrial Area, Phase – II, New Delhi – 110020, Delhi,
India to the present address w.e.f.01.12.2009
OPERATIONS
The Gross Income of the Company is Rs. 208.424 Millions during the year
against Rs. 179.254 Millions in the previous year. The Company has earned profit
of Rs. 4.032 Millions during the year before provision for depreciation as
against Rs. 3.783 Millions profit in the previous year.
FORM 8
|
Corporate
identity number of the company |
U74994DL2007PLC164774 |
|
Name of the
company |
CALZINI FASHIONS LIMITED |
|
Address of the
registered office or of the principal place of business in |
D – 9/3 Okhla Industrial Area, Phase – II New Delhi, Delhi – 110020, India Email: manojcagarwal@gmail.com |
|
This form is for |
Creation of charge |
|
Type of charge |
|
|
Particular of
charge holder |
Small Industries Development Bank of India, Block E, G F NSIC Admin Building,
NSIC-NTSC Complex, Gate No.3, O.I.A. Phase-III, New Delhi-110020, India |
|
Nature of
instrument creating charge |
1. Letter of intent dated 06-02-2013 2. Hypothecation Agreement Dt. 12-2-2013 |
|
Date of
instrument Creating the charge |
12.02.2013 |
|
Amount secured by
the charge |
Rs. 5.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest 0.25% below SIDBI
PLR (at present 12.50%) with monthly Rests Terms of repayment Repayable in 48
monthly installment comprising of first forty seven installment of Rs.0.100
Million each and last installment of Rs.0.300 Million. The repayment shall
commence after 12 months from the date of first disbursement. Margin Rs.4.789 Millions
as per LOI. Extent and operation of the charge Exclusive first
charge by way of hypothecation of all movable assets including plant,
equipment machinery, spares, tools, accessories and all other assets proposed
to be acquired under the present scheme, both present and future. |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation of all movable assets including plant, equipment, machinery, machinery spares,
tools, accessories proposed to be acquired under the present scheme, both
present and future installed at A-85, Sector 63, Noida, U.P. |
FIXED ASSETS
- Air
Conditioner
- Computers and
Printers
- Inverter and
UPS
- Power Factor
Equipments
- Telephones
and Mobiles
- Plant and
Machinery
- Car Hyundai
- Factory Shed
- Furniture and
Fixtures
- Weighting
Machine
- Car (AVEO)
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. 55.60 |
|
|
1 |
Rs. 83.98 |
|
Euro |
1 |
Rs. 71.94 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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 |
|
30 |
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.