1. Summary Information
|
Country |
|
||
|
Company Name |
KIMBERLY-CLARK HYGIENE PRODUCTS PRIVATE
LIMITED |
Principal Name 1 |
Riko Setyabudhy Handoko |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Prakash Kulathu Iyer |
|
Registration # |
11-093191 |
||
|
Street Address |
Survey No.279, |
||
|
Established Date |
28.09.1995 |
SIC Code |
-- |
|
Telephone# |
91-20-39060692 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-20-22934991 |
Business Style 2 |
Suppliers |
|
Homepage |
Product Name 1 |
Tissue Paper |
|
|
# of employees |
More than 200
(Approximately) |
Product Name 2 |
Plastic
Dispensers |
|
Paid up capital |
Rs.96,500,000/- |
Product Name 3 |
Wipers |
|
Shareholders |
Foreign holdings 100% |
Banking |
Citibank N.A. |
|
Public Limited Corp. |
No |
Business Period |
19 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba
(51) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding
Company |
USA |
Kimberly Clark World Wide Inc. |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.12.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
279,091,000 |
Current Liabilities |
210,577,000 |
|
Inventories |
182,276,000 |
Long-term Liabilities |
56,288,000 |
|
Fixed Assets |
28,732,000 |
Other Liabilities |
8,812,000 |
|
Deferred Assets |
000 |
Total Liabilities |
275,677,000 |
|
Invest& other Assets |
1,872,000 |
Retained Earnings |
119,794,000 |
|
|
|
Net Worth |
216,294,000 |
|
Total Assets |
491,971,000 |
Total Liab. & Equity |
491,971,000 |
|
Total Assets (Previous Year) |
401,931,000 |
|
|
|
P/L Statement as of |
31.12.2012 |
(Unit: Indian Rs.) |
|
|
Total Income |
1254,803,000 |
Net Profit |
76,017,000 |
|
Total Income (Previous
Year) |
1,028,149,000 |
Net Profit(Prev.yr) |
34,964,000 |
MIRA INFORM REPORT
|
Report Date : |
12.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
KIMBERLY-CLARK
HYGIENE PRODUCTS PRIVATE LIMITED [w.e.f. 01.04.2005] |
|
|
|
|
Formerly Known
As : |
KIMBERLY-CLARK
PUDUMJEE LIMITED |
|
|
|
|
Registered
Office : |
Survey No.279, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.12.2012 |
|
|
|
|
Date of
Incorporation : |
28.09.1995 |
|
|
|
|
Com. Reg. No.: |
11-093191 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.96.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21015MH1995PTC093191 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AAACK8700G |
|
|
|
|
PAN No.: [Permanent Account No.] |
PNEK01206C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and
Suppliers of Healthcare Products, Personal Care Products, Commercial Tissue,
Commercial Wipers, Eyewear,
Gloves, Towels. |
|
|
|
|
No. of Employees
: |
More than 200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 870000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Kimberly Clark World Wide Inc, United
State”. It is an established company having satisfactory track. The company possesses a favourable financial profile marked by
adequate networth base. Management has reported a slight improvement in its sales volume as
well as net profitability during December 2012. The rating also take into consideration the established brand name one
of its baby care product in India i.e. Huggies, disposable diapers. Trade relations are fair. Business is active. Payment terms are
reported are usually correct. In view of strong support from its holding company, the subject 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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
India’s current account deficit for the fiscal third quarter ended
September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product
from $31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in
exports and moderation in gold imports. Manufacturing activity and new orders
in India showed their strongest growth in a year in February. The news comes as
a relief after data showed Asia’s third largest economy grew by a
slower-than-expected 4.7 % annually in the three months through December. The
HSBC Manufacturing Purchasing Managers’ Index which gauges the business
activity of India’s factories but not its’ utilities, rose to 52.5 in February,
its highest in a year from 51.4 in January. Overall new orders for factory
goods which rose to a one-year high of 54.9 contributed to the surge. China has
emerged as India’s biggest trading partner in the current financial year
replacing the United Arab Emirates and pushing it to the third spot.
India-China trade has reached $49.5 billion with a 8.7 % share in India’s total
trade. The US comes second at $46 billion with 8.1 % share during the first
nine months of the current financial year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs
1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s
contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The
Central Bureau of Investigation will look into allegations that over $80
million was paid in kickbacks in a deal signed in 2011. India has asked Boeing
Co. to find a solution for problems with state-owned Air India’s 787
Dreamliners. The aircraft has experienced a series of malfunctions since its
debut in 2011.
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
|
Name : |
Mr. Abhijeet Bobade |
|
Designation : |
Senior Finance Manager |
|
Contact No.: |
91-9850557543 |
|
Date : |
03.04.2014 |
LOCATIONS
|
Registered Office : |
Survey No.279,
Raisoni Industrial Park, Village Mann, Taluka Mulshi, Pune-411057,
Maharashtra |
|
Tel. No.: |
91-20-39060692 /
39064048 / 30547263 / 22939122 / 22939121 |
|
Mobile No.: |
91-9850557543 (Mr. Abhijeet Bobade) |
|
Fax No.: |
91-20-22934991/
22939118 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 28.06.2013
|
Name : |
Mr. Riko
Setyabudhy Handoko |
|
Designation : |
Director |
|
Address : |
Villa Melati Mas Blk J - 6 / 01 Rt 03 / 06 Pd Jagung Serpong Tangerang
Rt 0306, Indonesia |
|
Date of Birth/Age : |
16.05.1973 |
|
Date of Appointment : |
03.03.2009 |
|
Din No.: |
02574107 |
|
|
|
|
Name : |
Mr. Prakash Kulathu Iyer |
|
Designation : |
Director |
|
Address : |
1402, Chaitanya Towers, C-Wing, Appasaheb Marathe Marg, Prabhadevi,
Mumbai-400025, Maharashtra, India |
|
Date of Birth/Age : |
15.03.1962 |
|
Date of Appointment : |
16.09.2011 |
|
Din No.: |
02927193 |
|
|
|
|
Name : |
Mr. Rondney George
Olsen |
|
Designation : |
Director |
|
Address : |
6607, Waggoner Drive, Dallas Texas-75230, USA |
|
Date of Birth/Age : |
25.06.1955 |
|
Date of Appointment : |
21.06.2012 |
|
Din No.: |
05256954 |
|
|
|
|
Name : |
Mr. Stephen Anthony Campbell
|
|
Designation : |
Director |
|
Address : |
18, Prince Edward Road, Seaforth, New South Wales 2092, Australia |
|
Date of Birth/Age : |
04.07.1957 |
|
Date of Appointment : |
21.06.2012 |
|
Din No.: |
05312347 |
|
Name : |
Mr. Vinod
Parameswaran |
|
Designation : |
Director |
|
Address : |
Flate No. 12, Building E. Harshavihar, S. No. 163\1+2A+2B, Aundh, Pune
– 411007, Maharashtra, India |
|
Date of Birth/Age : |
20.01.1971 |
|
Date of Appointment : |
20.09.2012 |
|
Din No.: |
06379472 |
KEY EXECUTIVES
|
Name : |
Mr. Anil Chandak |
|
Designation : |
Secretary |
|
Address : |
Lunkad Gold Coast, Flat No. C1/202, Viman Nagar, Pune- 411014,
Maharashtra, India |
|
Date of Birth/Age : |
03.03.1977 |
|
Date of Appointment : |
16.05.2013 |
|
Pan No.: |
ACSPC1164F |
|
Name : |
Mr. Abhijeet Bobade |
|
Designation : |
Senior Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.06.2013
|
Names of Shareholders |
|
No. of Shares |
|
Kimberly Clark
Worldwide, |
|
9649994 |
|
Kimberly Clark
Worldwide, |
|
2 |
|
Kimberly Clark
Worldwide, |
|
2 |
|
Kimberly Clark
Worldwide, |
|
2 |
|
|
|
|
|
TOTAL
|
|
9650000 |
AS ON 28.06.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
|
|
|
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and
Suppliers of Healthcare Products, Personal Care Products, Commercial Tissue,
Commercial Wipers, Eyewear,
Gloves, Towels. |
||||||||
|
|
|
||||||||
|
Products : |
|
||||||||
|
|
|
||||||||
|
Exports : |
|
||||||||
|
Products : |
Finished Goods |
||||||||
|
Countries : |
|
||||||||
|
|
|
||||||||
|
Imports : |
|
||||||||
|
Products : |
Raw Material |
||||||||
|
Countries : |
|
GENERAL INFORMATION
|
No. of Employees : |
More than 200 (Approximately) |
|
|
|
|
Bankers : |
|
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Khanolkar and Associates Chartered Accountants |
|
Address : |
A-5, Atharva, Mumbai-Pune Road, Next To Mayfair Towers, Wakdewadi, Pune-411003,
Maharashtra, India |
|
Mobile No.: |
91-9960499950 |
|
E-Mail : |
|
|
PAN No: |
AHJPK4550B |
|
|
|
|
Holding Company : |
Kimberly Clark World Wide Inc. |
|
|
|
|
Related Parties : |
|
CAPITAL STRUCTURE
AS ON 28.06.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
16000000 |
Equity Shares |
Rs.10/- each |
Rs.160.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
9650000 |
Equity Shares |
Rs.10/- each
|
Rs.96.500
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
|
31.12.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
96.500 |
|
(b) Reserves & Surplus |
|
|
119.794 |
|
(c) Money received against
share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
216.294 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
0.000 |
|
(b) Deferred tax liabilities
(Net) |
|
|
4.083 |
|
(c) Other long term
liabilities |
|
|
0.000 |
|
(d) long-term provisions |
|
|
9.182 |
|
Total
Non-current Liabilities (3) |
|
|
13.265 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
56.288 |
|
(b) Trade payables |
|
|
201.395 |
|
(c) Other current liabilities |
|
|
4.729 |
|
(d) Short-term provisions |
|
|
0.000 |
|
Total
Current Liabilities (4) |
|
|
262.412 |
|
|
|
|
|
|
TOTAL |
|
|
491.971 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
28.732 |
|
(ii) Intangible Assets |
|
|
0.000 |
|
(iii) Capital work-in-progress |
|
|
1.872 |
|
(iv) Intangible assets under
development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.000 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
35.308 |
|
(e) Other Non-current assets |
|
|
0.000 |
|
Total
Non-Current Assets |
|
|
65.912 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
182.276 |
|
(c) Trade receivables |
|
|
200.781 |
|
(d) Cash and cash equivalents |
|
|
40.036 |
|
(e) Short-term loans and
advances |
|
|
2.966 |
|
(f) Other current assets |
|
|
0.000 |
|
Total
Current Assets |
|
|
426.059 |
|
|
|
|
|
|
TOTAL |
|
|
491.971 |
|
SOURCES OF FUNDS |
|
31.12.2011 |
31.12.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
96.500 |
96.500 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
43.777 |
8.814 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
140.277 |
105.314 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
100.906 |
64.797 |
|
|
TOTAL BORROWING |
|
100.906 |
64.797 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
4.032 |
|
|
|
|
|
|
|
|
TOTAL |
|
241.183 |
174.143 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
29.402 |
32.204 |
|
|
Capital work-in-progress |
|
1.873 |
1.873 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
145.730
|
55.470
|
|
|
Sundry Debtors |
|
170.975
|
121.556
|
|
|
Cash & Bank Balances |
|
28.945
|
43.937
|
|
|
Other Current Assets |
|
18.041
|
36.641 |
|
|
Loans & Advances |
|
6.965
|
11.633
|
|
Total
Current Assets |
|
370.656
|
269.237
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
0.000
|
87.434
|
|
|
Other Current Liabilities |
|
125.581
|
41.737
|
|
|
Provisions |
|
35.167
|
0.000
|
|
Total
Current Liabilities |
|
160.748
|
129.171
|
|
|
Net Current Assets |
|
209.908
|
140.066
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
241.183 |
174.143 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
|
|
|
|
|
|
|
|
|
|
Income |
1254.803 |
1028.149 |
793.786 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
1254.803 |
1028.149 |
793.786 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Operating Expenses |
1199.895 |
1033.823 |
719.491 |
|
|
|
Increase / Decrease in Stock |
(36.545) |
(72.637) |
14.863 |
|
|
|
TOTAL (B) |
1163.350 |
961.186 |
734.354 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
91.453 |
66.964 |
59.432 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.019 |
1.622 |
8.079 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
88.434 |
65.342 |
51.353 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.054 |
4.696 |
3.337 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
84.380 |
60.646 |
48.016 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
8.363 |
25.682 |
17.437 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
76.017 |
34.964 |
30.579 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
43.778 |
8.814 |
(21.765) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
119.795 |
43.778 |
8.814 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.000 |
29.505 |
8.484 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
NA |
NA |
0.000 |
|
|
|
Goods for Resale |
NA |
NA |
146.602 |
|
|
TOTAL IMPORTS |
|
NA |
146.602 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
7.88 |
3.62 |
3.17 |
|
Expected Sales (2013-2014) : Rs.1140.000 Millions
The above information has been parted by Mr. Abhijeet Bobade
KEY RATIOS
|
PARTICULARS |
|
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
PAT / Total Income |
(%) |
6.06
|
3.40
|
3.85
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.22
|
15.15
|
15.93
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.39
|
0.43
|
0.46
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.26
|
0.72
|
0.62
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.62
|
2.31
|
2.08
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2010 |
31.12.20111 |
31.12.2012 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Total Income |
793.786 |
1,028.149 |
1,254.803 |
|
|
|
29.525 |
22.045 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2010 |
31.12.20111 |
31.12.2012 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Total Income |
793.786 |
1,028.149 |
1,254.80 |
|
Profit After Tax |
30.579 |
34.964 |
76.017 |
|
|
3.85% |
3.40% |
6.06% |
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 |
Yes |
|
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 |
Yes |
|
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 |
----- |
|
23] |
Banking Details |
Yes |
|
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 |
No |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOAN
|
Particulars |
As
on 31.12.2012 [Rs.
in Millions] |
As
on 31.12.2011 [Rs.
in Millions] |
|
Short terms
borrowings |
|
|
|
Working Capital loans banks |
56.288 |
100.906 |
|
|
|
|
|
TOTAL
|
56.288 |
100.906 |
NOTE : No Charges Exist for Company.
FIXED ASSETS:
- Computers
- Plant and
Machinery
- Furniture and
Fixture
- Office
Equipment
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 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.60.07 |
|
|
1 |
Rs.100.56 |
|
Euro |
1 |
Rs.82.79 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRT |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--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 |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
51 |
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.