MIRA
INFORM REPORT
|
Report Date : |
19.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
KARIWALA INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
J-15, Block EP, Sector-5, Salt Lake City, Kolkata-700091, West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
02.01.1989 |
|
|
|
|
Com. Reg. No.: |
21-045882 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 5.440 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17121WB1989PLC045882 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of organic cotton bags, jute bags,
canvas shopping bags, winter clothing, green bags and work wear. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 710000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. The management has failed to file its financial with government
department for the year 2013. However, as per available financial of 2012, profit and sales turnover
of the company appears to be decent. Trade relations are reported to be fair. Business is active. Payment
terms are usually correct. The company can be considered 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says the
latest India Development Update report released by the World Bank. The report
says that the adverse effects of rupee depreciation are likely to be offset by
the gains in the exports performance due to improved external competitiveness.
Since May this year, the local currency has depreciated substantially and fell
to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46% for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6% in August. Onion
prices have risen nearly 300 % from last September. Vegetables cost nearly 90%
more than they did last year. Wake up to the economic contribution of slum
dwellers. They contribute more than 7.5 % to the country’s gross domestic
product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue before
the end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone 5c
(Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been
launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
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.
INFORMATION DECLINED BY
|
Name : |
Ms. S Agarwal |
|
Designation : |
Finance Department |
|
Contact No.: |
91-33-66527000 |
|
Date : |
18.11.2013 |
LOCATIONS
|
Registered Office : |
J-15, Block EP, Sector-5, Salt Lake City, Kolkata-700091, West Bengal,
India |
|
Tel. No.: |
91-33-66527000 |
|
Fax No.: |
91-33-23577477 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 26.09.2012
|
Name : |
Mr. Anil Kariwala |
|
Designation : |
Managing Director |
|
Address : |
HB-159, Salt Lake, Sector-III, Kolkata-700106, West Bengal, India |
|
Date of Birth/Age : |
17.11.1967 |
|
Date of Appointment : |
01.01.1996 |
|
DIN No.: |
00204729 |
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 |
U17121WB1989PLC045882 |
KARIWALA
INDUSTRIES LIMITED |
Managing
director |
01/01/1996 |
01/01/1996 |
- |
Active |
NO |
|
2 |
U51909WB1995PLC070955 |
KARIWALA
WORKWEAR LIMITED |
Director |
24/06/1998 |
24/06/1998 |
- |
Active |
NO |
|
3 |
U18101WB2004PLC100526 |
LAKINZI KREATIONS
LIMITED |
Director |
09/03/2005 |
09/03/2005 |
20/12/2007 |
Active |
NO |
|
4 |
U17200WB2008PTC129194 |
CANBERG CLOTHING
COMPANY PRIVATE LIMITED. |
Director |
09/09/2008 |
09/09/2008 |
- |
Active |
NO |
|
5 |
U28939WB1997PTC084150 |
CROWN WELD CARE
PRIVATE LIMITED. |
Director |
29/01/2010 |
29/01/2010 |
- |
Active |
NO |
|
6 |
U74999WB2013PTC192196 |
EXCELLENCE TECH
INFOSYSTEMS PRIVATE LIMITED |
Director |
12/04/2013 |
12/04/2013 |
- |
Active |
NO |
|
7 |
AAB-6570 |
KARIWALA AND CO.
LLP |
Designated Partner |
19/07/2013 |
19/07/2013 |
- |
Active |
NO |
|
Name : |
Mr. Prem Nath Seth |
|
Designation : |
Director |
|
Address : |
IA-299, Salt Lake, Sector III, Kolkata-700091, West Bengal, India |
|
Date of Birth/Age : |
29.04.1930 |
|
Date of Appointment : |
11.08.1995 |
|
DIN No.: |
00465570 |
|
|
|
|
Name : |
Mr. Sushil Kariwala |
|
Designation : |
Director |
|
Address : |
HB-159, Salt Lake, Sector-III, Kolkata-700106, West Bengal, India |
|
Date of Birth/Age : |
13.12.1940 |
|
Date of Appointment : |
02.01.1989 |
|
DIN No.: |
00204773 |
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 |
U17121WB1989PLC045882 |
KARIWALA
INDUSTRIES LIMITED |
Director |
02/01/1989 |
02/01/1989 |
Active |
NO |
|
2 |
U74210WB1992PTC055910 |
MAX-WELL
CONSULTANTS PRIVATE LIMITED |
Director |
09/07/1992 |
09/07/1992 |
Active |
NO |
|
3 |
U51909WB1995PLC070955 |
KARIWALA
WORKWEAR LIMITED |
Director |
24/06/1998 |
24/06/1998 |
Active |
NO |
|
4 |
AAB-6570 |
KARIWALA AND CO.
LLP |
Body corporate
as Designated Partner |
19/07/2013 |
19/07/2013 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Ms. S Agarwal |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.09.2012
|
Names of Shareholders |
No. of Shares |
|
Sushil Kumar Kariwala (HUF) |
63800 |
|
Anil Kariwala |
196100 |
|
Hari Ram Tiwari |
1300 |
|
Prem Nath Seth |
23400 |
|
Raj Kumari Seth |
1200 |
|
Bimala Kariwala |
57800 |
|
Sweta Khaitan |
32800 |
|
Sima Kariwala |
85600 |
|
Ram Niranhan Chhaochharia |
3000 |
|
Lalit Chand Dugar |
6000 |
|
Subhas Chand Saha |
6000 |
|
Payal Sethia |
6000 |
|
Pista Devi Chhaochharia |
3000 |
|
Anuj Nahata |
4800 |
|
Anita Singhania |
8000 |
|
Ashok Kumar Sharma |
200 |
|
Aditi Sureka |
500 |
|
Bhanwar Lal Nahata (HUF) |
1000 |
|
Jitendra Jain |
1000 |
|
Kanchan Choudhary |
1500 |
|
Meera Kasera |
1500 |
|
Kirti Sureka |
500 |
|
Ramniwas R Agarwal |
1000 |
|
Rajiv Killa |
200 |
|
Sanat Kumar Jalan |
1000 |
|
Shashi Maheshwary |
1000 |
|
Sneha Sureka |
500 |
|
Tapashi Guha |
2000 |
|
Vishnu Mall |
1000 |
|
Sushil Kariwala |
30300 |
|
Uma Jagdish Agarwal |
2000 |
|
TOTAL
|
544000 |
AS ON 26.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of organic cotton bags, jute bags,
canvas shopping bags, winter clothing, green bags and work wear. |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||
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Customers : |
Not Divulged |
||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
·
Axis Bank Limited, Corporate Banking Branch, 1,
Shakespeare Sarani, AC Market, 3rd Floor, Kolkata-700071, West
Bengal, India ·
State Bank of Bikaner and Jaipur, 14, Netaji
Subhas Road, Kolkata-700001, Wes Bengal, India ·
ICICI Bank Limited |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Gajraj Goyal and Associates Chartered Accountant |
|
Address : |
5, Garstin Place, 1st Floor, Hare Street, Kolkata-700001,
West Bengal, India |
|
Mobile No.: |
91-9830239777 |
|
E-Mail : |
|
|
PAN No.: |
ACWPG0815H |
|
|
|
|
Subsidiaries : |
Kariwala Lanka Limited |
|
|
|
|
Related Parties : |
·
Kariwala Workwear Limited ·
Maxwell Consultants Private Limited ·
Bimla Kariwala Foundation ·
Crown Weldcare Private Limited |
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 |
|
|
|
|
|
|
544000 |
Equity Shares |
Rs.10/- each |
Rs. 5.440 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
5.440 |
5.440 |
|
(b) Reserves & Surplus |
|
173.584 |
163.065 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
179.024 |
168.505 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
9.742 |
12.960 |
|
(b) Deferred tax liabilities (Net) |
|
7.911 |
7.711 |
|
(c) Other long term liabilities |
|
10.341 |
6.476 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
27.994 |
27.147 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
34.155 |
38.811 |
|
(b) Trade payables |
|
12.850 |
20.080 |
|
(c) Other current
liabilities |
|
6.397 |
9.326 |
|
(d) Short-term provisions |
|
0.632 |
0.632 |
|
Total Current Liabilities (4) |
|
54.034 |
68.849 |
|
|
|
|
|
|
TOTAL |
|
261.052 |
264.501 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
109.275 |
117.296 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
11.662 |
2.218 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
1.642 |
2.709 |
|
(e) Other Non-current assets |
|
0.011 |
0.000 |
|
Total Non-Current Assets |
|
122.590 |
122.223 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.570 |
|
(b) Inventories |
|
61.858 |
77.997 |
|
(c) Trade receivables |
|
61.380 |
39.186 |
|
(d) Cash and cash
equivalents |
|
3.232 |
4.360 |
|
(e) Short-term loans and
advances |
|
11.938 |
19.721 |
|
(f) Other current assets |
|
0.054 |
0.444 |
|
Total Current Assets |
|
138.462 |
142.278 |
|
|
|
|
|
|
TOTAL |
|
261.052 |
264.501 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
5.440 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
154.859 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
160.299 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
48.964 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
48.964 |
|
|
DEFERRED TAX LIABILITIES |
|
|
7.945 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
217.208 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
115.250 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
5.416 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
51.171 |
|
|
Sundry Debtors |
|
|
33.332 |
|
|
Cash & Bank Balances |
|
|
33.247 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
25.415 |
|
Total
Current Assets |
|
|
143.165 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
16.343 |
|
|
Other Current Liabilities |
|
|
24.912 |
|
|
Provisions |
|
|
6.572 |
|
Total
Current Liabilities |
|
|
47.827 |
|
|
Net Current Assets |
|
|
95.338 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
1.204 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
217.208 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
246.702 |
231.394 |
162.677 |
|
|
|
|
Other Income |
1.425 |
4.296 |
14.818 |
|
|
|
|
TOTAL (A) |
248.127 |
235.690 |
177.495 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Material Consumed |
106.993 |
116.670 |
|
|
|
|
|
Purchase of Stock In Trade |
12.877 |
12.668 |
|
|
|
|
|
Employee benefits expenses |
30.454 |
30.213 |
|
|
|
|
|
Other Expenses |
71.949 |
73.871 |
|
|
|
|
|
Changes in inventories of Finished goods, work in progress and stock
in trade |
4.723 |
(21.410) |
|
|
|
|
|
TOTAL (B) |
226.996 |
212.012 |
155.474 |
|
|
|
|
|
|
|
||
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
21.131 |
23.678 |
22.021 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
1.250 |
3.087 |
3.392 |
||
|
|
|
|
|
|
||
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
19.881 |
20.591 |
18.629 |
||
|
|
|
|
|
|
||
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.110 |
6.350 |
4.797 |
||
|
|
|
|
|
|
||
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
13.771 |
14.241 |
13.832 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
3.882 |
3.027 |
3.293 |
||
|
|
|
|
|
|
||
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
9.889 |
11.214 |
10.539 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
FOB Value of Exports of Goods and Services |
224.188 |
208.419 |
154.369 |
|
|
|
|
Recovery towards freight, Insurance etc. |
1.208 |
5.931 |
3.810 |
|
|
|
|
Reimbursement of Travelling Expenses |
0.164 |
0.000 |
0.000 |
|
|
|
|
Sampling Charges |
0.294 |
0.213 |
0.000 |
|
|
|
|
Washing Charges |
0.000 |
0.127 |
0.000 |
|
|
|
TOTAL EARNINGS |
225.854 |
214.690 |
158.179 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
45.790 |
58.363 |
42.078 |
|
|
|
|
Finished Goods |
8.451 |
5.299 |
4.324 |
|
|
|
|
Components |
6.100 |
6.128 |
2.035 |
|
|
|
|
Spare Parts |
0.021 |
0.022 |
0.096 |
|
|
|
|
Capital Goods |
5.082 |
0.602 |
1.618 |
|
|
|
TOTAL IMPORTS |
65.444 |
70.414 |
50.151 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (Rs.) |
18.18 |
20.61 |
-- |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.99
|
4.76 |
5.94 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.58
|
6.15 |
8.50 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.52
|
5.43 |
5.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
0.08 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.25
|
0.31 |
0.31 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.56
|
2.07 |
2.99 |
LOCAL AGENCY FURTHER INFORMATION
|
COURT CASE Status of ARBITRATION
PETITION(AP) 1142 of 2013 M/S. SUN
KNOWLEDGE PVT. LTD. Vs.
M/S. KARIWALA INDUSTRIES LTD. Pet's
Adv. : DEBASISH
SUTRADHAR
Res's
Adv.
: Court
No. : 16
Last Listed On : Monday,
November 18, 2013 Category
: NO CATEGORY MENTIONED
Case Updated on: Wednesday, November 13, 2013 |
|
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
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 |
No |
|
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 |
No |
VIEW INDEX OF
CHARGES
|
S. No |
Charge ID |
Date of Charge Creation /Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN |
|
1 |
10266108 |
20/07/2011 * |
45,000,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING BRANCH (CBB),, 1,
SHAKESPEARE S |
B18815118 |
|
* Date of charge modification |
||||||
OPERATIONS
During the year, there has been an insignificant decrease in profits due
to global market conditions however the sales have gone up by 6.5%. The
benefits of the policies laid are continuing in the current year also and the
directors are hopeful that growth momentum in sales and profit would continue
in years to come.
FIXED ASSETS
·
Land
·
Building
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computers
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 records 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 records 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. 62.62 |
|
UK Pound |
1 |
Rs. 101.06 |
|
Euro |
1 |
Rs. 84.55 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
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 |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.