MIRA
INFORM REPORT
|
Report Date : |
07.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
K. TECH ( |
|
|
|
|
Formerly Known
As : |
K. TECH ( |
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|
|
|
Registered
Office : |
7-B, Bata Compound, Eastern |
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Country : |
|
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|
|
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Financials (as
on) : |
31.03.2013 |
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|
Date of
Incorporation : |
18.01.2000 |
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|
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Com. Reg. No.: |
11-123695 |
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Capital
Investment / Paid-up Capital : |
Rs.20.000
millions |
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|
|
|
CIN No.: [Company Identification
No.] |
U24222MH2000PLC123695 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEK05006B |
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PAN No.: [Permanent Account No.] |
AABCK6341G |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Paints and Coating Printing Inks, Leather
Finishing Additives etc. |
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No. of Employees
: |
80 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 180000 |
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|
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Status : |
Moderate |
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Payment Behaviour : |
Slow But Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. Reserves of the company is low. However, trade relations are reported to be fair. Business is active.
Payment terms are 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
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
|
Source
: CIA |
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. Shobhit Srivastava |
|
Designation : |
Director |
|
Contact No.: |
91-9820295086 |
|
Date : |
04.03.2014 |
LOCATIONS
|
Registered Office : |
7-B, ‘Bata Compound’, Near |
|
Tel. No.: |
91-22-25476486/ 25476496 |
|
Mobile No.: |
91-9820295086 (Mr. Shobhit Srivastava) |
|
Fax No.: |
91-22-25476794 |
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E-Mail : |
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Website : |
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Area : |
3000 sq ft |
|
Location : |
Owned |
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Factory : |
6, Bramha Compound, Opposite Rehnal Bus Stop, Val Village, Rehnal,
Thane – 421 002, Maharashtra, India |
|
Area : |
5000 sq ft |
|
Location : |
Owned |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Subhash Chandra Srivastava |
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|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
D/4, Kiran Shree, Neelshilp Housing Society, Kalher, Bhiwandi, Thane –
421 302, |
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Date of Birth/Age : |
15.08.1956 |
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Date of Appointment : |
18.01.2000 |
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DIN No.: |
00296203 |
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Other Directorship:
|
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|||||||||||||||||||||||||||||||||||||
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Name : |
Mrs. Kiran Srivastava |
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|
Designation : |
Director |
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|
Address : |
D/4, Kiran
Shree, Neelshilp Housing Society, Kalher, Bhiwandi, Thane – 421 302, |
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|
Date of Birth/Age : |
06.05.1958 |
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Date of Appointment : |
18.01.2000 |
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DIN No.: |
00296187 |
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Other Directorship:
|
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|||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Shobhit Srivastava |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
D/4, Kiran
Shree, Neelshilp Housing Society, Kalher, Bhiwandi, Thane – 421 302, |
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|
Date of Birth/Age : |
07.04.1983 |
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Date of Appointment : |
18.01.2000 |
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DIN No.: |
00296210 |
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Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24222MH2000PLC123695 |
K. TECH (INDIA)
LIMITED |
Director |
18/01/2000 |
18/01/2000 |
- |
Active |
NO |
|
2 |
U74120UP2010PLC040925 |
TRICOLOUR
SPECIALITY PIGMENTS LIMITED |
Director |
07/06/2010 |
07/06/2010 |
- |
Active |
NO |
|
3 |
U15122UP2010PLC042188 |
SYNERGESIS
EDIBLE ADDITIVES LIMITED |
Director |
06/10/2010 |
06/10/2010 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
SHAREHOLDING DETAILS FILED ATTACHED.
As on 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
|
|
|
%20LIMITED%20-%20255456%2007-Mar-2014_files/image002.gif)
BUSINESS DETAILS
|
Supplier : |
·
Aadit Industrial Corporation ·
Alkyl Amines Chemicals Limited ·
Anupam Colours and Chemicals Industries ·
Aarti Drugs Limited ·
Ankush Enterprises ·
APAR Industries Limited ·
Bhuba International |
|
|
|
|
Customer : |
·
3 A Associates Incorporated ·
A 1 Trading Corporation ·
ABC Printing Inks ·
ACCURA Form Private Limited ·
ACEPOL Chemicals ·
Advance Paints Private Limited ·
Ajit Carbons and Pigments Limited ·
Akansha Enterprises ·
Aman Chemicals ·
Amar Paints ·
Amber Paints Industries ·
Coating and Coatin (India) Private Limited ·
Champion Industries |
|
|
|
|
Line of Business : |
Manufacturer and Exporter of Paints and Coating Printing Inks, Leather
Finishing Additives etc. |
|
|
|
|
Products : |
v
Paints and Coating Additives v
Ink Additives v
Polymer and Rubber Additives v
Pigment Synergistic and Additives v
Leather Finishing Additives v
Speciality Textile Chemicals v
Speciality Paper Chemicals v
Speciality Process Chemicals |
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|
|
GENERAL INFORMATION
|
No. of Employees : |
80 (Approximately) |
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Bankers : |
v
Small Industries Development Bank of India,
11-13, Atlanta Building, 209, First Floor, V.K. Shah Marg, Nariman Point,
Mumbai – 400 021, Maharashtra, India v
HDFC Bank Limited, Mumbai, v
State Bank of v
The Thane Janata Sahakari Bank Limited, Khpat
Branch, Thane (West), v
ICICI
Bank Limited v
HDFC Bank Limited, Thane, Maharashtra, India |
||||||||||||||||||||||||
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|
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Facilities : |
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|
|
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Banking
Relations : |
-- |
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|
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Auditors : |
|
|
Name : |
Ajai Shanker and Company Chartered Accountants |
|
Address : |
Kunti Kunj, 247 Betla Hata, Gorakhpur – 273001, Uttar Pradesh, India |
|
Tel. No.: |
91-551-2336389 |
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Mobile No.: |
91-9839211408 |
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Fax No.: |
91-551-2343343 |
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E-Mail : |
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|
Income-tax
PAN of auditor or auditor's firm : |
AAIFA8936B |
|
|
|
|
Memberships : |
v Indian Small
Scale Paint Association (ISSPA) v All v Indian Paints
Association (IPA) |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 millions |
|
|
|
|
|
Issued Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
20.000 |
17.000 |
|
(b) Reserves & Surplus |
|
7.841 |
5.268 |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
16.000 |
10.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
43.841 |
32.268 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
12.344 |
16.313 |
|
(b) Deferred tax liabilities
(Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
12.344 |
16.313 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
31.249 |
26.101 |
|
(c) Other current liabilities |
|
14.306 |
13.196 |
|
(d) Short-term provisions |
|
0.960 |
0.000 |
|
Total
Current Liabilities (4) |
|
46.515 |
39.297 |
|
|
|
|
|
|
TOTAL |
|
102.700 |
87.878 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
14.346 |
11.420 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
29.587 |
24.492 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
2.077 |
1.847 |
|
(c) Deferred tax assets (net) |
|
0.500 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.097 |
0.062 |
|
(e) Other Non-current assets |
|
1.883 |
1.901 |
|
Total
Non-Current Assets |
|
48.490 |
39.722 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
15.139 |
13.188 |
|
(c) Trade receivables |
|
31.209 |
30.083 |
|
(d) Cash and cash equivalents |
|
0.207 |
0.847 |
|
(e) Short-term loans and
advances |
|
7.655 |
4.038 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
54.210 |
48.156 |
|
|
|
|
|
|
TOTAL |
|
102.700 |
87.878 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
11.000 |
|
|
2] Share Application Money |
|
|
6.000 |
|
|
3] Reserves & Surplus |
|
|
4.010 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
21.010 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
16.618 |
|
|
2] Unsecured Loans |
|
|
0.438 |
|
|
TOTAL BORROWING |
|
|
17.056 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
38.066 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
9.788 |
|
|
Capital work-in-progress |
|
|
8.382 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
1.466 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
6.361
|
|
|
Sundry Debtors |
|
|
30.398
|
|
|
Cash & Bank Balances |
|
|
3.621
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
9.106
|
|
Total
Current Assets |
|
|
49.486
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
28.266
|
|
|
Other Current Liabilities |
|
|
2.883
|
|
|
Provisions |
|
|
0.000
|
|
Total
Current Liabilities |
|
|
31.149
|
|
|
Net Current Assets |
|
|
18.337
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.093 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
38.066 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
89.161 |
67.096 |
57.035 |
|
|
|
Other Income |
0.080 |
0.072 |
0.015 |
|
|
|
TOTAL |
89.241 |
67.168 |
57.050 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
52.851 |
32.212 |
0.000 |
|
|
|
Purchases of stock in trade |
0.000 |
0.000 |
31.509 |
|
|
|
Freight and Cartage |
0.000 |
0.000 |
0.243 |
|
|
|
Power and Fuel |
0.000 |
0.000 |
0.779 |
|
|
|
Administrative Expenses |
0.000 |
0.000 |
4.653 |
|
|
|
Rent, Rates and Taxes |
0.000 |
0.000 |
1.208 |
|
|
|
Payments to and Provision for employees |
0.000 |
0.000 |
6.403 |
|
|
|
Insurance |
0.000 |
0.000 |
0.350 |
|
|
|
Employees benefits expense |
7.966 |
9.459 |
0.000 |
|
|
|
Repairs and Maintenance |
0.000 |
0.000 |
1.293 |
|
|
|
Selling Expenses |
0.000 |
0.000 |
8.133 |
|
|
|
Packing and Forwarding |
0.000 |
0.000 |
0.817 |
|
|
|
Variation in Stock |
0.000 |
0.000 |
(3.408) |
|
|
|
Other expenses |
20.693 |
20.599 |
0.000 |
|
|
|
TOTAL |
81.510 |
62.270 |
51.980 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
7.731 |
4.898 |
5.070 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST /
FINANCIAL COST |
2.156 |
0.579 |
1.723 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
5.575 |
4.319 |
3.347 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
2.443 |
1.736 |
1.299 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
3.132 |
2.583 |
2.048 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.968 |
1.150 |
0.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
2.164 |
1.433 |
1.148 |
|
|
|
|
|
|
|
|
|
|
EXPORT VALUE |
1.846 |
3.192 |
3.808 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.08 |
0.72 |
1.04 |
|
Expected Sales (2013-2014): Rs.120.000 millions
The above information has been parted by Mr. Shobhit Srivastava
(Director).
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.42 |
2.13 |
2.01 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.51 |
3.85 |
3.59 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.44 |
4.20 |
3.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07 |
0.08 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.28 |
0.51 |
0.81 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.17 |
1.23 |
1.59 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2012 |
31.03.2013 |
|
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
|
17.000 |
20.000 |
|
Reserves & Surplus |
|
5.268 |
7.841 |
|
Share Application money
pending allotment |
|
10.000 |
16.000 |
|
Net
worth |
|
32.268 |
43.841 |
|
|
|
|
|
|
long-term borrowings |
|
16.313 |
12.344 |
|
Short term borrowings |
|
0.000 |
0.000 |
|
Total
borrowings |
|
16.313 |
12.344 |
|
Debt/Equity
ratio |
|
0.506 |
0.282 |
%20LIMITED%20-%20255456%2007-Mar-2014_files/image004.gif)
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 |
57.035 |
67.096 |
89.161 |
|
|
|
17.640 |
32.886 |
%20LIMITED%20-%20255456%2007-Mar-2014_files/image006.gif)
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 |
57.035 |
67.096 |
89.161 |
|
Profit After Tax |
1.148 |
1.433 |
2.164 |
|
|
2.01% |
2.14% |
2.43% |
%20LIMITED%20-%20255456%2007-Mar-2014_files/image008.gif)
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
10) Designation of contact person |
Yes |
|
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 |
Yes |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
No |
|
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 |
No |
|
30) Major Shareholders, if available |
Yes |
|
31)
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32)
PAN of Proprietor/Partner/Director, if available |
No |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
No |
UNSECURED LOANS
|
Particulars |
31.03.2013 (Rs. in Millions) |
31.03.2012 (Rs. in Millions) |
|
Subhash Srivastava Advances |
0.250 |
0.250 |
|
Total |
0.250 |
0.250 |
VIEW INDEX OF
CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10218023 |
05/05/2010 |
19,000,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
11-13, ATLANTA
BUILDING,209, FIRST FLOOR,, V.K.SH |
A84675792 |
|
2 |
90144437 |
31/03/2003 |
1,000,000.00 |
THE THANE JANATA SAHAKARI
BANK LTD. |
KHOPAT BRANCH, THANE,
Maharashtra, INDIA |
- |
|
3 |
90144237 |
20/12/2002 |
739,000.00 |
THE THANE JANATA SAHAKARI
BANK LTD. |
KHOPAT BRANCH, THANE,
Maharashtra, INDIA |
- |
|
4 |
90143939 |
29/05/2002 |
500,000.00 |
THE THANE JANATA SAHAKARI
BANK LTD. |
KHOPAT BRANCH, THANE,
Maharashtra, INDIA |
- |
PERFORMANCE:
The company’s overall performance was remarkable which is evident that
during 2012-2013, the Company recorded sales and operating income at Rs.89.240
millions as compared to Rs.67.168 millions in 2011-2012. Thus a growth of
32.86% over last year. The profit after tax has grown up by 51.07% being
Rs.2.164 millions during 2012-2013 as against Rs.1.433 millions during
2011-2012. The improvement in the Company’s performance was possible mainly on
account of improved capacity utilization, increase in sale and cost reduction
measures adopted by the company resulting in better operational efficiency and
value added products.
FIXED ASSETS:
v Land
v Building
v Plant and Machinery
v Motor Cars
v Furniture and Fixture
v 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 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.61.32 |
|
|
1 |
Rs.102.54 |
|
Euro |
1 |
Rs.84.19 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.