|
Report Date : |
20.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
KIRAN CHAUDHARY SHIKSHA TRUST |
|
|
|
|
Registered
Office : |
No – 2 MIG, Street Road, Jaipur House, Agra – 282001, Uttar Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
2013-14 (Projected) |
|
|
|
|
Date of
Incorporation : |
15.01.2009 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABTK5944M |
|
|
|
|
Legal Form : |
Educational Institution (Trust) |
|
|
|
|
Line of Business
: |
Providing educational facility. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an educational trust having a satisfactory track record. It is an institution who provides education for BTA,BA.LLB and
integrated LLB course. Mr. Prashant Agarwal has provided us the General information. The trustees or members of the
trust are very well-experienced and renowned personality having good
reputation in the city. Business is active. Payment terms are slow but correct. The trust can be considered normal for business dealing 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 PARTED BY (General details)
|
Name : |
Mr. Prashant Agarwal |
|
Designation : |
Chartered Accountant |
|
Contact No.: |
91-9358532004 |
|
Date : |
15.11.2013 |
LOCATIONS
|
Registered Office : |
No – 2 MIG, Street Road, Jaipur House, Agra – 282001, Uttar Pradesh,
India |
|
Tel. No.: |
91-5613-294333/6526281 |
|
Mobile No.: |
91-9358532004 (Mr. Prashant Agarwal) |
|
Fax No.: |
91-562-2511711 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Educational Institute: |
Chaudhary Kiran Academy Plot/Khasra No.: 199, Stree/Road – NA, Village/Town/City –
Abhaydopura, Post Office- Kirawali, Tehsil/Taluka-Kirawali, Town/City-Agra, District
– Agra, State – Uttar Pradesh, Pin Code – 282010 |
MANAGEMENT
|
Name : |
Mrs. Shivani Singh |
|
Designation : |
President |
|
|
|
|
Name : |
Mr. Shihsupal Chaudhary |
|
Designation : |
Vice - President |
|
|
|
|
Name : |
Mr. Gulab Singh |
|
Designation : |
Chief Secretary |
|
|
|
|
Name : |
Mr. Manish Kumar |
|
Designation : |
Secretary |
|
|
|
|
Name : |
Mr. Dharmendra Maderna |
|
Designation : |
Treasurer |
|
|
|
|
Name : |
Mr. Saurabh Singh |
|
Designation : |
Member |
|
|
|
|
Name : |
Mr. Dinesh Kumar Saxena |
|
Designation : |
Member |
|
|
|
|
Name : |
Mr. Narendra Pal Singh |
|
Designation : |
Member |
|
|
|
|
Name : |
Mr. Amit Chaudhary |
|
Designation : |
Member |
BUSINESS DETAILS
|
Line of Business : |
Providing educational facility. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|
|
|
|
Bankers : |
·
Central Bank of India, Agra – 282001, Uttar
Pradesh, India ·
Bank of India, Agra – 282001, Uttar Pradesh,
India ·
Applied for credit: Rs.10.000 Millions |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Divulged |
CAPITAL STRUCTURE
NOT DIVULGED
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 |
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 |
No |
|
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 |
No |
|
24] |
Banking facility details |
No |
|
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 |
No |
|
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 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
STATEMENT
OF CALCULATION OF DSCR
(Rs.
In Millions)
|
Particulars |
2013-14 |
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
|
|
|
|
|
|
|
|
|
|
Cash Accruals |
0.753 |
3.519 |
6.244 |
7.417 |
7.989 |
8.100 |
8.449 |
|
|
|
|
|
|
|
|
|
|
Interest on term loan |
1.070 |
1.134 |
0.918 |
0.702 |
0.486 |
0.270 |
0.061 |
|
|
|
|
|
|
|
|
|
|
Total |
1.823 |
4.654 |
7.162 |
8.120 |
8.475 |
8.370 |
8.510 |
|
Particulars |
2013-14 |
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
|
|
|
|
|
|
|
|
|
|
Repayment of T/L |
0.800 |
1.600 |
1.600 |
1.600 |
1.600 |
1.600 |
1.200 |
|
|
|
|
|
|
|
|
|
|
Interest on term loan |
1.070 |
1.134 |
0.918 |
0.702 |
0.486 |
0.270 |
0.061 |
|
|
|
|
|
|
|
|
|
|
Total |
1.870 |
2.734 |
2.518 |
2.302 |
2.086 |
1.870 |
1.261 |
|
|
|
|
|
|
|
|
|
|
DSCR |
0.097 |
0.170 |
0.284 |
0.353 |
0.406 |
0.448 |
0.675 |
|
|
|
|
|
|
|
|
|
|
Average DSCR |
-- |
-- |
-- |
0.348 |
-- |
-- |
-- |
PERFORMANCE AND
FINANCIAL INDICATORS
(Rs.
In Millions)
|
Particulars |
2013-14 |
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
|
|
|
|
|
|
|
|
|
|
Corpus Fund including surplus |
8.685 |
10.495 |
15.269 |
21.400 |
28.256 |
35.365 |
42.941 |
|
(-)Intangible Assets |
0.040 |
0.030 |
0.020 |
0.010 |
0.000 |
0.000 |
0.000 |
|
Tangible Net Worth |
8.645 |
10.465 |
15.249 |
21.390 |
28.256 |
35.365 |
42.941 |
|
Term Loan |
9.200 |
7.600 |
6.000 |
4.400 |
2.800 |
1.200 |
0.000 |
|
Unsecured Loan |
2.500 |
2.500 |
2.500 |
2.500 |
2.500 |
2.500 |
2.500 |
|
Total Term liabilities |
11.700 |
10.100 |
8.500 |
6.900 |
5.300 |
3.7800 |
2.500 |
|
Capital Employed |
20.345 |
20.565 |
23.749 |
28.290 |
33.556 |
39.065 |
45.441 |
|
Net Block |
18.143 |
16.297 |
14.689 |
13.265 |
11.994 |
10.855 |
9.833 |
|
Investment in others |
1.948 |
2.096 |
2.244 |
2.392 |
2.540 |
2.688 |
2.836 |
|
Total Other
Non-current Assets |
1.948 |
2.096 |
2.244 |
2.392 |
2.540 |
2.688 |
2.836 |
|
Other Current Assets |
0.300 |
0.350 |
0.400 |
0.450 |
0.500 |
0.550 |
0.600 |
|
Total Current
Assets |
0.300 |
0.350 |
0.400 |
0.450 |
0.500 |
0.550 |
0.600 |
|
Other Current Liabilities |
0.100 |
0.120 |
0.145 |
0.170 |
0.195 |
0.220 |
0.245 |
|
Total Current
Liabilities |
0.100 |
0.120 |
0.145 |
0.170 |
0.195 |
0.220 |
0.245 |
|
Net Working
Capital |
0.200 |
0.230 |
0.255 |
0.280 |
0.305 |
0.330 |
0.355 |
|
|
|
|
|
|
|
|
|
|
Operating Analysis
|
|
|
|
|
|
|
|
|
Total Receipts |
5.803 |
11.908 |
16.778 |
20.373 |
23.748 |
25.403 |
26.228 |
|
Profit before tax/loss |
(0.469) |
1.811 |
4.774 |
6.131 |
6.856 |
7.109 |
7.575 |
|
Provision for tax |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Profit After tax/loss |
(0.469) |
1.811 |
4.774 |
6.131 |
6.856 |
7.109 |
7.575 |
|
Depreciation and other non-cash expenses |
1.361 |
1.856 |
1.618 |
1.434 |
1.281 |
1.149 |
1.022 |
|
Cash Accrual |
0.891 |
3.667 |
6.392 |
7.565 |
8.137 |
8.258 |
8.597 |
|
|
|
|
|
|
|
|
|
|
Ratio Analysis |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Ratio |
3.00 |
2.92 |
2.76 |
2.65 |
2.56 |
2.50 |
2.45 |
|
Debt Equity Ratio (Term Liabilities/Tangible Net Worth) |
1.35 |
0.97 |
0.56 |
0.32 |
0.19 |
0.10 |
0.06 |
|
Leverage ratio (Term+ Current Liabilities/Tangible Net worth) |
1.37 |
0.98 |
0.57 |
0.33 |
0.19 |
0.11 |
0.06 |
|
Net Profit to sales (%) |
(8.09) |
15.21% |
28.45% |
30.09% |
28.87% |
27.99% |
28.88% |
|
DSCR |
0.97 |
1.70 |
2.84 |
3.53 |
4.06 |
4.48 |
6.75 |
|
Average DSCR |
3.48 |
-- |
-- |
-- |
-- |
-- |
-- |
|
Break Even Point |
30.86% |
-- |
-- |
-- |
-- |
-- |
-- |
STATEMENT OF PROJECTED PROFITABILITY
(Rs. In Millions)
|
Particulars |
2013-14 |
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
|
|
|
|
|
|
|
|
|
|
INCOME : |
|
|
|
|
|
|
|
|
i. Fees Realisation |
5.655 |
11.760 |
16.630 |
20.225 |
23.600 |
25.255 |
26.080 |
|
ii. Accrued Interest on Deposits |
0.148 |
0.148 |
0.148 |
0.148 |
0.148 |
0.148 |
0.148 |
|
|
5.803 |
11.908 |
16.778 |
20.373 |
23.748 |
25.403 |
26.228 |
|
|
|
|
|
|
|
|
|
|
Expenditure : |
|
|
|
|
|
|
|
|
Stationery and Consumption |
0.420 |
0.710 |
0.850 |
0.925 |
1.040 |
1.140 |
1.250 |
|
Electricity and Fuel |
0.225 |
0.450 |
0.725 |
0.850 |
0.960 |
1.050 |
1.200 |
|
Salary |
2.532 |
4.242 |
5.838 |
7.871 |
10.260 |
11.490 |
11.580 |
|
Office and Admin. Exp |
0.150 |
0.525 |
0.680 |
0.730 |
0.880 |
0.920 |
0.980 |
|
Repair and Maintenance |
0.150 |
0.250 |
0.380 |
0.540 |
0.620 |
0.780 |
0.810 |
|
Insurance |
0.075 |
0.100 |
0.100 |
0.100 |
0.100 |
0.100 |
0.100 |
|
Transportation Expenses |
0.200 |
0.680 |
0.720 |
0.890 |
1.020 |
1.130 |
1.350 |
|
Computer Expenses |
0.080 |
0.150 |
0.175 |
0.200 |
0.245 |
0.275 |
0.300 |
|
|
3.832 |
7.107 |
9.468 |
12.106 |
15.125 |
16.885 |
17.570 |
|
|
|
|
|
|
|
|
|
|
Profit before Intt. And Depreciation |
1.971 |
4.801 |
7.310 |
8.267 |
8.623 |
8.518 |
8.658 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
1.361 |
1.846 |
1.608 |
1.424 |
1.271 |
1.139 |
1.022 |
|
|
|
|
|
|
|
|
|
|
Interest on term Loan |
1.070 |
1.134 |
0.918 |
0.702 |
0.486 |
0.270 |
0.061 |
|
|
|
|
|
|
|
|
|
|
Preliminary and Pre-operative Exp. w/o |
0.010 |
0.010 |
0.010 |
0.010 |
0.010 |
0.010 |
0.010 |
|
|
|
|
|
|
|
|
|
|
Profit before Tax |
(0.469) |
1.811 |
4.774 |
6.131 |
6.856 |
7.109 |
7.575 |
|
|
|
|
|
|
|
|
|
|
Provision for Tax |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Profit After Tax |
(0.469) |
1.811 |
4.774 |
6.131 |
6.856 |
7.109 |
7.575 |
|
|
|
|
|
|
|
|
|
|
Add: Depreciation |
1.361 |
1.846 |
1.608 |
1.424 |
1.271 |
1.139 |
1.022 |
|
|
|
|
|
|
|
|
|
|
Add: Pre-operative Exp. |
0.010 |
0.010 |
0.010 |
0.010 |
0.010 |
0.010 |
0.010 |
|
|
|
|
|
|
|
|
|
|
Less: Accrued Intt. On Deposits |
0.148 |
0.148 |
0.148 |
0.148 |
0.148 |
0.148 |
0.148 |
|
|
|
|
|
|
|
|
|
|
Cash Accruals |
0.753 |
3.519 |
6.244 |
7.417 |
7.989 |
8.100 |
8.449 |
PROJECTED BALANCE SHEETS
(Rs. In Millions)
|
Particulars |
2013-14 |
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
|
|
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corpus Fund: |
|
|
|
|
|
|
|
|
Opening Balance |
0.000 |
8.685 |
10.495 |
15.269 |
21.400 |
28.256 |
35.365 |
|
Add: Introduced |
9.154 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
(+)/ (-) Surplus / deficit |
(0.469) |
1.811 |
4.774 |
6.131 |
6.856 |
7.109 |
7.575 |
|
Closing Balance |
8.685 |
10.495 |
15.269 |
21.400 |
28.256 |
35.365 |
42.941 |
|
|
|
|
|
|
|
|
|
|
Term Loans |
9.200 |
7.600 |
6.000 |
4.400 |
2.800 |
1.200 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Unsecured Loans |
2.500 |
2.500 |
2.500 |
2.500 |
2.500 |
2.500 |
2.500 |
|
|
|
|
|
|
|
|
|
|
Current Liabilities |
0.100 |
0.120 |
0.145 |
0.170 |
0.195 |
0.200 |
0.245 |
|
|
|
|
|
|
|
|
|
|
Total |
20.485 |
20.715 |
23.914 |
28.470 |
33.751 |
39.285 |
45.686 |
|
|
|
|
|
|
|
|
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Land and Site Development |
0.745 |
0.745 |
0.745 |
0.745 |
0.745 |
0.745 |
0.745 |
|
|
|
|
|
|
|
|
|
|
Building |
16.150 |
14.535 |
13.082 |
11.774 |
10.596 |
9.537 |
8.583 |
|
|
|
|
|
|
|
|
|
|
Plant and Machinery |
0.450 |
0.383 |
0.325 |
0.276 |
0.235 |
0.200 |
0.170 |
|
|
|
|
|
|
|
|
|
|
Furniture and Fixture |
0.630 |
0.567 |
0.510 |
0.459 |
0.413 |
0.372 |
0.335 |
|
|
|
|
|
|
|
|
|
|
Computer |
0.168 |
0.067 |
0.027 |
0.011 |
0.004 |
0.002 |
0.001 |
|
|
|
|
|
|
|
|
|
|
Other Current Assets |
0.300 |
0.350 |
0.400 |
0.450 |
0.500 |
0.550 |
0.600 |
|
|
|
|
|
|
|
|
|
|
Investment / FDR for Security Deposit |
1.948 |
2.096 |
2.244 |
2.392 |
2.540 |
2.688 |
2.835 |
|
|
|
|
|
|
|
|
|
|
Cash and Bank Balance |
0.053 |
1.942 |
6.561 |
12.353 |
18.717 |
25.192 |
32.147 |
|
|
|
|
|
|
|
|
|
|
Pre-operative Expenses |
0.040 |
0.030 |
0.020 |
0.010 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Total |
20.485 |
20.715 |
23.914 |
28.470 |
33.751 |
39.285 |
45.686 |
STATEMENT OF PROJECTED FUND FLOW
(Rs. In Millions)
|
Particulars |
2013-14 |
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
|
|
|
|
|
|
|
|
|
|
Sourced of Fund |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corpus Fund |
9.154 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Term Loan |
10.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Unsecured Loan |
2.500 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Current Liabilities |
0.100 |
0.020 |
0.025 |
0.025 |
0.025 |
0.025 |
0.025 |
|
|
|
|
|
|
|
|
|
|
Cash Accruals |
0.753 |
3.519 |
6.244 |
7.417 |
7.989 |
8.100 |
8.449 |
|
|
|
|
|
|
|
|
|
|
Total |
22.507 |
3.539 |
6.269 |
7.442 |
8.014 |
8.125 |
8.474 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Application of Funds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Land and Site Development |
0.745 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Building |
17.054 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Plant and Machinery |
0.500 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Furniture and Fixture |
0.675 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Computer |
0.280 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Other Current Assets |
0.300 |
0.050 |
0.050 |
0.050 |
0.050 |
0.050 |
0.050 |
|
|
|
|
|
|
|
|
|
|
Investment / FDR for Security Deposit |
1.800 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Repayment of T/L |
0.800 |
1.600 |
1.600 |
1.600 |
1.600 |
1.600 |
1.200 |
|
|
|
|
|
|
|
|
|
|
IDCP |
0.250 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Pre-operative Expenses |
0.500 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Total |
22.454 |
1.650 |
1.650 |
1.650 |
1.650 |
1.650 |
1.650 |
|
|
|
|
|
|
|
|
|
|
Opening Balance |
0.000 |
0.053 |
1.942 |
6.561 |
12.353 |
18.717 |
25.192 |
|
|
|
|
|
|
|
|
|
|
Surplus / deficit |
0.053 |
1.889 |
4.619 |
5.792 |
6.364 |
6.475 |
7.224 |
|
|
|
|
|
|
|
|
|
|
Closing Balance |
0.053 |
1.942 |
6.561 |
12.353 |
18.717 |
25.192 |
32.417 |
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.62.23 |
|
|
1 |
Rs.100.18 |
|
Euro |
1 |
Rs.84.06 |
INFORMATION DETAILS
|
Report Prepared
by : |
KVT/VRN |
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.