1. Summary Information
|
Country |
India |
||
|
Company Name |
KEDAR NATH AND
SONS INDIA PRIVATE LIMITED |
Principal Name 1 |
Mr. Rajinder Kumar Taneja |
|
Status |
Moderate |
Principal Name 2 |
Mr. SandeepTaneja |
|
Registration # |
21-140133 |
||
|
Street Address |
26, Strand Road,
2nd Floor, Kolkata – 700091, West Bengal, India |
||
|
Established Date |
11.12.2009 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Trader |
|
Fax # |
Not Available |
Business Style 2 |
Plastic |
|
Homepage |
-- |
Product Name 1 |
Pharmaceutical Raw Material |
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 8,286,000 /- |
Product Name 3 |
-- |
|
Shareholders |
Directors or
relatives of Directors - 100.00% |
Banking |
Bank of India |
|
Public Limited Corp. |
No |
Business Period |
5 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
B (28) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
134,514,000 |
Current Liabilities |
46,720,000 |
|
Inventories |
24,362,000 |
Long-term Liabilities |
94,381,000 |
|
Fixed Assets |
9,934,000 |
Other Liabilities |
1,286,000 |
|
Deferred Assets |
0,660,000 |
Total Liabilities |
142,387,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
18,286,000 |
|
|
|
Net Worth |
27,083,000 |
|
Total Assets |
169,470,000 |
Total Liab. & Equity |
169,470,000 |
|
Total Assets (Previous Year) |
79,397,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
762,529,000 |
Net Profit |
NA |
|
Sales(Previous yr) |
329,727,000 |
Net Profit(Prev.yr) |
NA |
MIRA INFORM REPORT
|
Report Date : |
22.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
KEDAR NATH AND SONS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
26, Strand Road, 2nd Floor, Kolkata – 700091, West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
11.12.2009 |
|
|
|
|
Com. Reg. No.: |
21-140133 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.8.286 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U52390WB2009PTC140133 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCK9069P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Plastic and Pharmaceutical Raw Material. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 108000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. There are huge external borrowings recorded by the company during 2013
and profitability of the company also seems to be low. However, trade relations are fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealing with some
caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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
The worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under
control, said the agency. Ratings firm Crisil has forecast 6 % growth for
2014/15 up from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous
year. The drop in India was steeper at 21 %. State run carrier Air India
is doling out free tickets to its 24000 employees, even as it expects to incur
a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a
one-fourth share in total jobs created, according to a study by industry lobby
group Assochem, Banks, real estate, automobile and telecommunications sectors
are showing a rise of job creation. $ 805 mn investments by venture capital
firms in India during 2013, registering a drop of about 18 % over the previous
year. The Information Technology and IT-Enabled Services Industry retained
its status as the favourable venture capital investors in 2013. Pakistan has
temporarily banned gold imports for the second time in six months, as it tries
to stem smuggling into India. India’s import duty on gold is 10 % and curbs on
purchases have dried up legal imports into what used to be the world’s biggest
bullion buyers. The World Gold Council puts the amount smuggled into India at
upto 200 tonnes in 2013. The Reserve Bank of India has proposed that unclaimed
bank deposits estimated to be about Rs 35000 mn be used for education and
awareness among depositors. According to the plan, deposits that have not
been claimed for at least 10 years will be transferred to the scheme.
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 DENIED BY
|
Name : |
Mr. Sandip Taneja |
|
Designation : |
Director |
|
Contact No.: |
91-9811225222 |
|
Date : |
21.02.2014 |
LOCATIONS
|
Registered Office : |
26, Strand Road, 2nd Floor, Kolkata– 700091, West Bengal,
India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9811225222 (Mr. Sandeep Taneja) |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Rajinder Kumar Taneja |
|
Designation : |
Director |
|
Address : |
12/14, East Punjabi Bagh, New Delhi – 110026, India |
|
Date of Birth/Age : |
25.02.1954 |
|
Date of Appointment : |
11.12.2009 |
|
DIN No.: |
00156431 |
|
|
|
|
Name : |
Mr. SandeepTaneja |
|
Designation : |
Director |
|
Address : |
12/14, East Punjabi Bagh, New Delhi – 110026, India |
|
Date of Birth/Age : |
10.12.1978 |
|
Date of Appointment : |
11.12.2009 |
|
DIN No.: |
00156522 |
|
|
|
|
Name : |
Mr. Amit Taneja |
|
Designation : |
Director |
|
Address : |
12/14, East Punjabi Bagh, New Delhi – 110026, India |
|
Date of Birth/Age : |
24.09.1990 |
|
Date of Appointment : |
01.01.2013 |
|
DIN No.: |
03138051 |
|
|
|
|
Name : |
Mr. Nitin Taneja |
|
Designation : |
Director |
|
Address : |
House-12, Road-14, East Punjabi Bagh New Delhi – 110026, India |
|
Date of Birth/Age : |
12.03.1984 |
|
Date of Appointment : |
01.01.2011 |
|
DIN No.: |
03048166 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Name
of Shareholders |
No.
of Shares |
%age |
|
Sandeep Taneja |
255000 |
30.77 |
|
|
351000 |
42.36 |
|
Suresh Kapoor |
144000 |
17.38 |
|
Suresh Kapoor (HUF) |
22000 |
2.66 |
|
Sunita Kapoor |
31000 |
3.74 |
|
Parveen Taneja |
25600 |
3.09 |
|
Total |
828,600 |
100.00 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or
relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Plastic and Pharmaceutical Raw Material. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Chander Parkash and Company Chartered Accountants |
|
Address : |
207, Padma Tower-2, 22, Rajendra Place, New Delhi – 110008, India |
|
Tel. No.: |
91-11-25731059 / 25731060 / 41539570 |
|
Mobile No.: |
91-9810056108 |
|
Fax No.: |
91-11-25741070 |
|
E-Mail : |
|
|
Website : |
|
|
PAN.: |
AAHPP1487F |
CAPITAL STRUCTURE
As on 31.03.2013
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 |
|
|
|
|
|
|
828600 |
Equity Shares |
Rs.10/- each |
Rs.8.286 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
|
|
8.286 |
|
(b) Reserves & Surplus |
|
|
18.797 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
27.083 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
12.581 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.000 |
|
(c) Other long term
liabilities |
|
|
0.000 |
|
(d) long-term
provisions |
|
|
0.000 |
|
Total Non-current
Liabilities (3) |
|
|
12.581 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
|
81.800 |
|
(b) Trade
payables |
|
|
40.853 |
|
(c) Other
current liabilities |
|
|
5.867 |
|
(d) Short-term
provisions |
|
|
1.286 |
|
Total Current
Liabilities (4) |
|
|
129.806 |
|
|
|
|
|
|
TOTAL |
|
|
169.470 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
|
9.934 |
|
(ii) Intangible
Assets |
|
|
0.000 |
|
(iii)
Capital work-in-progress |
|
|
0.000 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.000 |
|
(c) Deferred tax assets (net) |
|
|
0.660 |
|
(d) Long-term Loan and Advances |
|
|
0.090 |
|
(e) Other
Non-current assets |
|
|
0.017 |
|
Total Non-Current
Assets |
|
|
10.701 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
24.362 |
|
(c) Trade
receivables |
|
|
73.503 |
|
(d) Cash
and cash equivalents |
|
|
27.381 |
|
(e)
Short-term loans and advances |
|
|
31.682 |
|
(f) Other
current assets |
|
|
1.841 |
|
Total
Current Assets |
|
|
158.769 |
|
|
|
|
|
|
TOTAL |
|
|
169.470 |
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
8.286 |
8.286 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
16.789 |
16.021 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
25.075 |
24.307 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
6.274 |
3.072 |
|
|
2] Unsecured Loans |
|
14.600 |
20.625 |
|
|
TOTAL BORROWING |
|
20.874 |
23.697 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
45.949 |
48.004 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
12.226 |
7.526 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.275 |
0.076 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
13.256
|
53.120 |
|
|
Sundry Debtors |
|
9.114
|
22.219 |
|
|
Cash & Bank Balances |
|
8.474
|
19.505 |
|
|
Other Current Assets |
|
29.996
|
0.034 |
|
|
Loans & Advances |
|
20.622
|
44.943 |
|
Total
Current Assets |
|
81.462
|
139.821 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
37.746
|
37.000 |
|
|
Other Current Liabilities |
|
9.624
|
60.871 |
|
|
Provisions |
|
0.644
|
1.548 |
|
Total
Current Liabilities |
|
48.014
|
99.419 |
|
|
Net Current Assets |
|
33.448
|
40.402 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
45.949 |
48.004 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
1146.808 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
762.529 |
329.727 |
1146.808 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
759.609 |
328.502 |
1142.045 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
759.609 |
328.502 |
1142.045 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
2.920 |
1.225 |
4.763 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
1.472 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
NA |
NA |
3.291 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
NA |
NA |
3.97 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
NA
|
NA
|
0.29 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.73
|
1.31
|
3.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11
|
0.05
|
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.48
|
0.83
|
0.97 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.22
|
1.70
|
1.41 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
1146.808 |
329.727 |
762.529 |
|
|
|
(71.248) |
131.261 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
1146.808 |
329.727 |
762.529 |
|
Profit |
4.763 |
1.225 |
2.920 |
|
|
0.42% |
0.37% |
0.38% |
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 |
Yes |
|
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 |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
|
LONG TERM BORROWINGS |
|
|
Loans and Advances from related parties |
0.900 |
|
Loans and Advances from other parties |
7.500 |
|
|
|
|
Total |
8.400 |
|
Particular |
31.03.2012 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
Loans and Advances from related parties |
14.600 |
|
Loans and Advances from other parties |
0.000 |
|
|
|
|
Total |
14.600 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10228574 |
09/07/2010 |
1,600,000.00 |
Bank of India |
SME Branch, Udyog Nagar, New
Delhi - 110041, INDIA |
A89785125 |
|
2 |
10225125 |
19/05/2011 * |
505,000,000.00 |
ING VYSYA BANK LIMITED |
55, GROUND FLOOR, WEST AVENUE ROAD, PUNJABI BAGH , NEW DELHI - 110026,
INDIA |
B16073447 |
* Date of charge modification
GENERAL REVIEW
The company’s performance was satisfactory during the year. The company achieve
its target of its turnover as well as achieve its target of Net Profit. The
Directors are hopeful that the company will achieve its target of Net Profit in
the year to come. The future of the company seems to be bright. The Directors
are continuously looking for avenues for future growth of the Company in
industry.
FIXED ASSETS
- Computer
- Vehicles
- Photo Copier Machine
- Air Conditioner
- Printer
- Water Filter
- Refrigerator
- Fan
- Mobile Phone
- Furniture And Fixture
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.62.16 |
|
|
1 |
Rs.103.44 |
|
Euro |
1 |
Rs.85.24 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.