MIRA
INFORM REPORT
|
Report Date : |
23.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
KIMBERLY-CLARK LEVER PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
KIMBERLY-CLARK LEVER LIMITED |
|
|
|
|
Registered Office
: |
Gat No. 934-937, Village Sanaswadi, Taluka- Shirur, Pune – 412208, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
20.09.1994 |
|
|
|
|
Com. Reg. No.: |
11-081290 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 794.000 Millions
|
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999PN1994PTC081290 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK4647E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacture,
Dealer, Distributor, Importer and Exporter of Baby and Child Care Products. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 2630000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a joint venture between Hindustan Unilever Limited and
Kimberly – Clark Corporation USA. It is an established company having moderate track record. The company
has recorded accumulate losses. However, the subject gets good financial and operational support from
its joint venture entities. Trade relations are reported to be fair. Business is active. Payments
are reported to be 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.
INDIAN ECONOMIC OVERVIEW
NEWS
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift.
It highlights how as against 51 % in 2005, the emerging economies now account
for close to 56 % of the global purchasing power GDP as per the latest survey.
And with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund manager
Jim Chanos has been keenly following the political and economic development in
the dragon economy and has figured out something that is quite worrying. He is
of the view that the Chinese economy could be heading toward trouble on account
of new Chinese President Xi Jingping’s very aggressive anti-corruption drive.
Chanos believes tat many things such as apartment sales, luxury products, etc.
were largely bought with dirty money. And it is now beginning to impact
consumption. This may indeed be bad news for an economy that is struggling to
transition from an investment-driven export-oriented economy to a domestic
consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets
including equities, gold, fixed deposits, G-Secs and real estate since 1991.
Real estate outperformed every other asset classes during the 23-year period
with an annualized return of 20 % ! Equities came in second with annualized
return of 15.5 % ! However, while these returns may seem mouthwatering, the
fact is that the return from equities adjusted for inflation came down to just
7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
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
31-03-2014.
INFORMATION DENIED
MANAGEMENT NON-COOPERATIVE
CONTACT NO.: 91-22-22876222
LOCATIONS
|
Registered Office/ Factory : |
Gate No. 934-937,
Village Sansawadi, Taluka Shirur, District Pune – 412 208, Maharashtra, India
|
|
Tel. No.: |
91-2137-252545 to
49 / 252156 |
|
Mobile No.: |
91-9850557543 (Mr. Abhijeet Bobade) |
|
Fax No.: |
91-2137-252533 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate
Office : |
165/ 166 Backbay
Reclamation, Churchgate, Mumbai – 400 020, Maharashtra, India |
|
Tel. No.: |
91-22-22876222 |
|
Fax No.: |
91-22-22041920 /
3117 |
DIRECTORS
AS ON: 27.09.2013
|
Name : |
Mr. Nitin Keshav Paranjpe |
|
Designation : |
Nominee Director |
|
Address : |
5, Alhambra, 3,
Carmichael Road, Kalyani Nagar, Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
04.03.1963 |
|
Date of Appointment : |
13.04.2006 |
|
DIN No.: |
00045204 |
|
|
|
|
Name : |
Mr. Prakash
Kulathu Iyer |
|
Designation : |
Managing director |
|
Address : |
1402, Chaitanya
Towers, C Wing, Appasaheb Marathe Marg, Prabbhadevi, Mumbai - 400025,
Maharashtra, India |
|
Date of
Birth/Age : |
15.03.1962 |
|
Qualification
: |
B. Sc, PGDM |
|
Experience : |
26 Years |
|
Date of
Appointment : |
01.01.2010 |
|
PAN No.: |
AAFPI3992L |
|
DIN No.: |
02927193 |
|
|
|
|
Name : |
Mr. Hemant Sudarshan Bakshi |
|
Designation : |
Nominee Director |
|
Address : |
1 Alhambra, 3 Carmichael Road, Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
23.03.1964 |
|
Date of Appointment : |
06.03.2012 |
|
DIN No.: |
02362738 |
|
|
|
|
Name : |
Mr. Kabir Ahmed Shakir |
|
Designation : |
Nominee Director |
|
Address : |
Union Park, Condominium, Khar (West), Mumbai – 400052, Maharashtra, India
|
|
Date of Birth/Age : |
24.06.1971 |
|
Date of Appointment : |
16.09.2011 |
|
DIN No.: |
03584898 |
|
|
|
|
Name : |
Ms. Achal Agarwal |
|
Designation : |
Nominee Director |
|
Address : |
Flat A 38/F, Highcliff, 41D Stubbs Road, Happy Valley, Hong Kong –
WCHS56 |
|
Date of Birth/Age : |
04.08.1959 |
|
Date of Appointment : |
12.03.2012 |
|
DIN No.: |
05225330 |
|
|
|
|
Name : |
Rodney George Olsen |
|
Designation : |
Nominee Director |
|
Address : |
6607 Waggoner Drive, Dallas Texas – 75230, USA |
|
Date of Birth/Age : |
25.06.1955 |
|
Date of Appointment : |
26.06.2012 |
|
DIN No.: |
05256954 |
KEY EXECUTIVES
|
Name : |
Mr. Rahul
Tibrewal |
|
Designation : |
Company
Secretary |
|
Address : |
Lunkad Zodiac,
Viman Nagar, Pune – 411014, Maharashtra, India |
|
Date of Birth/Age : |
23.02.1986 |
|
Date of Appointment : |
04.06.2013 |
|
PAN No.: |
AGQPT2786A |
|
Name : |
Mr. Abhijeet Bobade |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Kimberly-Clark
Corporation, USA |
|
39700000 |
|
Hindustan
Unilever Limited, India |
|
39699997 |
|
Unilever Exports
Private Limited, India |
|
01 |
|
Ponds Exports
Limited, India |
|
01 |
|
Sridhar
Ramamurthy Jointly with Unilever India Exports Private Limited, India |
|
01 |
|
|
|
|
|
Total |
|
79400000 |
AS ON 27.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
50.00 |
|
Bodies corporate |
49.99 |
|
Other top fifty shareholders |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers,
Dealers, Distributors, Importers and Exporters of Baby and Child Care
Products. |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
Korea ·
Japan ·
Thailand ·
Malaysia |
|
Terms : |
|
|
Selling : |
·
Advance Payment ·
L/C ·
Cheque ·
Credit |
|
|
|
|
Purchasing : |
·
Advance Payment ·
L/C ·
Cheque ·
Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers |
||||||||||||
|
|
|
||||||||||||
|
No. of Employees : |
200 (Approximately) |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
·
State
Bank of India , Pune, Maharashtra, India
·
ABN
Amro Bank, 14 Veer Nariman Road, Mumbai – 400023, Maharashtra, India ·
ICICI
Bank Limited |
||||||||||||
|
|
|
||||||||||||
|
Facilities :- |
(Rs. In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Financial
Institution : |
The Hongkong And Shanghai Banking Corporation Limited, 52/60, Mahatma
Gandhi Road, Fort, Mumbai - 400001, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
N. M. Raiji and
Company Chartered
Accountants |
|
Address : |
Universal Insurance
Building, Pherozeshah Mehta Road, Mumbai - 411001, Maharashtra, India |
|
Tel. No.: |
91-22-22870068/
22873463/ 22837482 |
|
Fax No.: |
91-22-22828646/
22650578 |
|
E-Mail : |
|
|
PAN.: |
AAAFN4217G |
|
|
|
|
Companies
under common control :
|
·
Kimberly-Clark Hygiene Products Private Limited CIN
No.: U21015MH1995PTC093191 ·
Kimberly Clark Global Sales LLC ·
Kimberly Clark De Maxico ·
Kimberly Clark Asia Pacific Pte. Limited. ·
Kimberly Clark International Services ·
Kimberly Clark Australia ·
Yuhan Kimberly ·
Kimberly Clark Thailand ·
Colombiana Kimberly Colapapel S A ·
Kimberly Clark Philippines Inc ·
Kimberly Clark Malayisa ·
Kimberly Clark World Wide Inc. ·
Kimberly-Clark Taiwan |
|
|
|
|
Holding Company : |
· Hindustan Unilever Limited CIN No.: L15140MH1933PLC002030 ·
Kimberly Clark Corporation |
CAPITAL STRUCTURE
AS ON: 27.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000000 |
Equity Shares |
Rs.10/- each |
Rs.1000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
79400000 |
Equity Shares |
Rs.10/- each |
Rs.794.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
794.000 |
725.000 |
725.000 |
|
(b) Reserves & Surplus |
(138.173) |
(260.609) |
(108.842) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
655.827 |
464.391 |
616.158 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
168.831 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
13.715 |
19.383 |
21.623 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
6.931 |
4.139 |
3.643 |
|
Total Non-current Liabilities (3) |
189.477 |
23.522 |
25.266 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
325.963 |
0.000 |
0.000 |
|
(b) Trade payables |
861.351 |
892.676 |
1289.593 |
|
(c) Other current
liabilities |
114.880 |
67.855 |
55.092 |
|
(d) Short-term provisions |
4.158 |
3.083 |
3.263 |
|
Total Current Liabilities (4) |
1306.352 |
963.614 |
1347.948 |
|
|
|
|
|
|
TOTAL |
2151.656 |
1451.527 |
1989.372 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
583.760 |
333.380 |
361.024 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
6.018 |
0.555 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
183.263 |
90.325 |
90.312 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
767.023 |
429.723 |
451.891 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
505.828 |
554.468 |
586.682 |
|
(c) Trade receivables |
55.594 |
57.671 |
61.824 |
|
(d) Cash and cash
equivalents |
589.745 |
311.764 |
829.892 |
|
(e) Short-term loans and
advances |
232.578 |
81.281 |
35.251 |
|
(f) Other current assets |
0.888 |
16.620 |
23.832 |
|
Total Current Assets |
1384.633 |
1021.804 |
1537.481 |
|
|
|
|
|
|
TOTAL |
2151.656 |
1451.527 |
1989.372 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
2590.279 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
2363.780 |
2445.548 |
2590.279 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
2716.211 |
2640.634 |
2825.375 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(352.432) |
(195.086) |
(235.096) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(5.668) |
(43.319) |
(4.197) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(346.764) |
(151.767) |
(230.899)) |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(4.38) |
(2.09) |
(3.18) |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
3000.000 |
|
|
|
|
|
The above information has been parted by Mr. Abhijeet Babade
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(14.67) |
(6.21) |
(8.91) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(16.38) |
(13.50) |
(11.82) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.54) |
(0.42) |
(0.38) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.75 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.06 |
1.06 |
1.14 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
725.000 |
725.000 |
794.000 |
|
Reserves & Surplus |
(108.842) |
(260.609) |
(138.173) |
|
Net
worth |
616.158 |
464.391 |
655.827 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
168.831 |
|
Short term borrowings |
0.000 |
0.000 |
325.963 |
|
Total
borrowings |
0.000 |
0.000 |
494.794 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.754 |
YEAR ON GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Total Income |
2,590.279 |
2,445.548 |
2,363.780 |
|
|
|
(5.587) |
(3.344) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Total Income |
2,590.279 |
2,445.548 |
2,363.780 |
|
Profit After Tax |
(230.899) |
(151.767) |
(346.764) |
|
|
(8.91%) |
(6.21%) |
(14.67%) |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF CURRENT
MATURITIES OF LONG TERM DEBTS : NOT AVAILABLE
|
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 |
Yes |
|
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 |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last four 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 |
Yes |
|
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 |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
FINANCIAL
PERFORMANCE
During the year, the
Company has registered the Total Income of Rs. 2363.780 Millions as against Rs.
2445.548 Millions for the previous year. The Loss after tax for the year was
Rs. 346.764 Millions as compared to Rs. 151.767 Millions for the previous year.
The baby and Child Care business continued to grow and registered significant
growth in the year. New packs and sales channels were introduced as the
business focused on driving affordability and building acceptability for
diapers. Pants as a format continued to see higher level of growths. On
Feminine Care, the Company is focused on building an innovation pipeline,
aligned to its long term strategic ambition for this category.
UNSECURED LOAN
|
Particulars |
31.03.2013 |
31.03.2012 |
|
Short-term
Borrowing |
|
|
|
Rupee term loans from banks |
325.963 |
0.000 |
|
Total |
325.963 |
0.000 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10473641 |
02/08/2013 |
392,000,000.00 |
The Hongkong and Shanghai Banking Corporation Limi |
52/60,MAHATMA GANDHI ROAD,, FORT, MUMBAI, Maharas |
B90205238 |
|
2 |
90091756 |
12/01/2002 |
5,000,010.00 |
ABN AMRO BANK |
327; M.G. ROAD, PUNE, Maharashtra - 411001, INDIA |
- |
|
3 |
90084728 |
18/11/1997 |
70,000,000.00 |
ABN AMRO BANK N. V |
327; M. G. ROAD, PUNE CAMP, PUNE, Maharashtra - 4 |
- |
|
4 |
90084494 |
22/07/1996 |
20,000,000.00 |
ABN AMRO BANK N. V |
14, VEER NARIMAN, BOMBAY, Maharashtra - 400023, I |
- |
|
5 |
90084486 |
11/07/1996 |
30,000,000.00 |
BANQUE NATSONALE DE PARIS |
CG 3; KONARK ESTATES, 9; CONNAUGHT ROAD, PUNE, Ma |
- |
FIXED ASSETS
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Computer Equipments
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.60.4s4 |
|
|
1 |
Rs.100.24 |
|
Euro |
1 |
Rs.80.35 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRT |
|
|
|
|
Analysis done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
0 |
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
36 |
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.