MIRA INFORM REPORT
|
Report Date : |
21.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
K K CHEMPRO (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-6 Kishor CHS Limited, Datta Mandir Road, A Wing, 2nd Floor,
Malad (East), Mumbai – 400097, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
17.05.2008 |
|
|
|
|
Com. Reg. No.: |
11-182345 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.250
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100MH2008PTC182345 |
|
|
|
|
IEC No.: |
0309005191 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMK18185G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCK3820C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged in trading of products of various chemicals
mainly under the distributorship agreement with Dow Corning and 3M besides manufacturing
under TOLL Conversion. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 170000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. There seems some dip in the profit of the company during 2013, however
networth of the company is satisfactory. General financial position of the
company is normal and acceptable for business dealing. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company 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.
INDIAN ECONOMIC OVERVIEW
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
SE2B |
|
Rating Explanation |
High performance capability and moderate
financial strength. |
|
Date |
15.04.2013 |
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 DECLINED BY
|
Name : |
Mr. Nilesh Jadhav |
|
Designation : |
Account Manager |
|
Contact No.: |
91-9862519171 |
|
Date : |
20.05.2014 |
LOCATIONS
|
Registered Office : |
A-6 Kishor CHS Limited, Datta Mandir Road, A Wing, 2nd Floor,
Malad East, Mumbai – 400097, Maharashtra, India |
|
Tel. No.: |
91-22-32920015 |
|
Mobile No.: |
91-9862519171 (Mr. Nilesh Jadhav) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Locations : |
Rented |
|
|
|
|
Godown : |
Grow Logistics, Godown No. D/9/A, Gupta Warehousing Complex, Anjur
Road Village Dapoda, Bhiwandi, District Thane, Maharashtra, India |
|
Locations : |
Rented |
|
|
|
|
Administrative/ Branch Office : |
Plot No. 8, GAVL Society, Near Kwality Engineering, Gorai Pada, Vasai-
East, District Thane-401208, Maharashtra, India |
|
Tel. No.: |
95-250-3296582/ 6450868/ 2457300 |
|
Fax No.: |
95-250-2454013 |
|
|
|
|
Branch Office : |
442, New Corporate Plaza, A Wing, Ramchandra Lane Extension, Opposite
Kapole Wadi, Malad (West), Mumbai – 400064, Maharashtra, India |
|
Tel. No.: |
91-22-32672298/ 28441272/ 28833353 |
|
Fax No.: |
91-22-28441272 |
DIRECTORS
As on: 28.09.2013
|
Name : |
Mr. Sumant Deendayal Agarwal |
|
Designation : |
Director |
|
Address : |
Kishore CHS Limited, ‘A’ Wing, 2nd Floor, Dutta Mandir
Road, Malad (East), Mumbai – 400097, Maharashtra, India |
|
Date of Birth/Age : |
03.05.1972 |
|
Qualification : |
B.E (Chemical) |
|
Date of Appointment : |
17.05.2008 |
|
DIN No.: |
02037020 |
|
|
|
|
Name : |
Mr. Nitin Sethi |
|
Designation : |
Director |
|
Address : |
A-64, Manali Building No. 1, Evershine Nagar, Malad (West),
Mumbai-400064, Maharashtra, India |
|
Date of Birth/Age : |
11.07.1971 |
|
Qualification : |
B.E. (Chemical) PGDM (Adv Marketing) |
|
Date of Appointment : |
17.05.2008 |
|
DIN No.: |
01952813 |
|
|
|
|
Name : |
Mr. Mukesh Kishorilala Gupta |
|
Designation : |
Director |
|
Address : |
73/74, Manali Building No. 5, Evershine Naar, Malad (West),
Mumbai-400064, |
|
Date of Birth/Age : |
11.07.1965 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
17.05.2008 |
|
DIN No.: |
00372861 |
KEY EXECUTIVES
|
Name : |
Mr. Nilesh Jadhav |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 28.09.2013
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Sumant Agarwal |
|
22800 |
|
Nitin Sethi |
|
22800 |
|
Mukesh Gupta |
|
5000 |
|
Mukesh Gupta HUF |
|
17800 |
|
Insai Fashions Private Limited, India |
|
31600 |
|
Total |
|
100000 |
|
Names of
Shareholders (Preference Shares) |
|
No.
of Shares |
|
Duke Business Private Limited, India |
|
12500 |
|
Olive Overseas Private Limited, India
|
|
12500 |
|
Total |
|
25000 |
Equity Share Break up (Percentage of Total Equity)
As on: 28.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
31.60 |
|
Others |
68.40 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20268454_MIRA%2021-May-2014_files/image016.gif)
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in trading of products of various chemicals mainly
under the distributorship agreement with Dow Corning and 3M besides
manufacturing under TOLL Conversion. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||||||||||||||||
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|
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Bankers : |
|
||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
AIMV and Associates Chartered Accountants |
|
Address : |
G-1, Sushila Palace, Opposite Swagat Hall, Borivali (East), Mumbai –
400066, Maharashtra, India |
|
PAN No.: |
AATFM0822H |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
125,000 |
Equity Shares |
Rs.10/- each |
Rs.1.250 Millions |
|
25,000 |
Preference Shares |
Rs.10/- each |
Rs.0.250 Million |
|
|
Total |
|
Rs.1.500
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs.10/- each |
Rs.1.000
Million |
|
25,000 |
Preference Shares |
Rs.10/- each |
Rs.0.250
Million |
|
|
Total |
|
Rs.1.250 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 |
1.250 |
1.250 |
1.250 |
|
(b) Reserves & Surplus |
41.916 |
33.681 |
24.254 |
|
(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) |
43.166 |
34.931 |
25.504 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
8.569 |
7.980 |
1.556 |
|
(b) Deferred tax liabilities (Net) |
0.811 |
0.473 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.094 |
0.000 |
0.161 |
|
Total Non-current
Liabilities (3) |
9.474 |
8.453 |
1.717 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
23.346 |
17.126 |
16.346 |
|
(b) Trade
payables |
38.604 |
36.679 |
37.567 |
|
(c) Other
current liabilities |
2.664 |
3.570 |
2.301 |
|
(d) Short-term
provisions |
4.818 |
4.448 |
3.217 |
|
Total Current
Liabilities (4) |
69.432 |
61.823 |
59.431 |
|
|
|
|
|
|
TOTAL |
122.072 |
105.207 |
86.652 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
8.207 |
8.353 |
7.052 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.081 |
0.081 |
0.004 |
|
(c) Deferred tax assets (net) |
0.000 |
0.031 |
0.005 |
|
(d) Long-term Loan and Advances |
0.187 |
0.077 |
0.052 |
|
(e) Other
Non-current assets |
2.114 |
2.966 |
2.523 |
|
Total Non-Current
Assets |
10.589 |
11.508 |
9.636 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
33.167 |
24.679 |
21.340 |
|
(c) Trade
receivables |
61.443 |
58.319 |
43.038 |
|
(d) Cash and
cash equivalents |
7.552 |
3.347 |
8.195 |
|
(e)
Short-term loans and advances |
1.516 |
0.395 |
0.376 |
|
(f) Other
current assets |
7.805 |
6.959 |
4.067 |
|
Total
Current Assets |
111.483 |
93.699 |
77.016 |
|
|
|
|
|
|
TOTAL |
122.072 |
105.207 |
86.652 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
257.371 |
196.559 |
|
|
|
Other Income |
|
0.939 |
1.359 |
|
|
|
TOTAL (A) |
268.229 |
258.310 |
197.918 |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Cost of Materials Sold |
255.381 |
219.033 |
179.983 |
|
|
|
Changes in Inventories of Stock-in-trade |
|
(3.339) |
(11.652) |
|
|
|
Employee Benefits Expenses |
|
8.702 |
6.444 |
|
|
|
Others Expenses |
|
15.925 |
11.082 |
|
|
|
Exceptional Items |
|
0.027 |
0.129 |
|
|
|
TOTAL (B) |
255.381 |
240.348 |
185.986 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(Including
Deprecation and Financial Expenses) |
17.962 |
11.932 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
4.130 |
2.250 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
13.832 |
9.682 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
0.216 |
0.073 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
12.848 |
13.616 |
9.609 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.614 |
4.189 |
3.096 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
8.234 |
9.427 |
6.513 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
5.590 |
5.862 |
6.758 |
|
|
TOTAL EARNINGS |
5.590 |
5.862 |
6.758 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Import Value |
34.328 |
27.317 |
3.008 |
|
|
TOTAL IMPORTS |
34.328 |
27.317 |
3.008 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
65.87 |
75.42 |
52.11 |
|
%20PRIVATE%20LIMITED%20-%20268454_MIRA%2021-May-2014_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20268454_MIRA%2021-May-2014_files/image004.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20268454_MIRA%2021-May-2014_files/image005.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
3.07
|
3.65
|
3.29 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
5.29
|
4.89 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.53
|
12.96 |
11.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30
|
0.39 |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.74
|
0.72 |
0.54 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.61
|
1.52 |
1.30 |
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 |
1.250 |
1.250 |
1.250 |
|
Reserves & Surplus |
24.254 |
33.681 |
41.916 |
|
Net
worth |
25.504 |
34.931 |
43.166 |
|
|
|
|
|
|
long-term borrowings |
1.556 |
7.980 |
8.569 |
|
Short term borrowings |
16.346 |
17.126 |
23.346 |
|
Total
borrowings |
17.902 |
25.106 |
31.915 |
|
Debt/Equity
ratio |
0.702 |
0.719 |
0.739 |
%20PRIVATE%20LIMITED%20-%20268454_MIRA%2021-May-2014_files/image018.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
197.918 |
258.310 |
268.229 |
|
|
|
30.514 |
3.840 |
%20PRIVATE%20LIMITED%20-%20268454_MIRA%2021-May-2014_files/image020.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
197.918 |
258.310 |
268.229 |
|
Profit |
6.513 |
9.427 |
8.234 |
|
|
3.29% |
3.65% |
3.07% |
%20PRIVATE%20LIMITED%20-%20268454_MIRA%2021-May-2014_files/image022.gif)
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT: 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 |
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 |
Yes |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and
Advances from related parties |
|
|
|
From Directors |
0.458 |
0.458 |
|
From Relatives |
7.605 |
5.698 |
|
Total |
8.063 |
6.156 |
OPERATIONS:
The Gross income rose to Rs.268.229 Millions from Rs.258.310 Millions in
same period last year registering marginal growth of 3.60%, However, profit
before tax is reduced to Rs.12.848 Millions from Rs.13.616 Millions on account
of higher marketing cost to sustain the existing and explore the new market of
the products of the company.
The company foresees better results in the current year on account of
launch of new products.
GENERAL
INFORMATION:
Subject is a private company domiciled in India and incorporated under
the provision of the companies Act, 1956. It shares are not listed on any stock
exchange. The company is engaged in trading of products of various chemicals
mainly under the distributorship agreement with Dow Corning and 3M besides
manufacturing under TOLL Conversion. The company caters to both domestic and
international markets.
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification
|
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10305415 |
31/01/2013 * |
56,000,000.00 |
CITIBANK N. A. |
TRENT HOUSE, 2ND FLOOR, G BLOCK, PLOT NO.C60, BANDRA KURLA
COMPLEX, BANDRA (E), MUMBAI, Maharashtra |
B68448380 |
|
2 |
10270129 |
21/01/2011 |
440,000.00 |
CORPORATION BANK |
NARIMAN POINT BRANCH,1ST FLOOR,EARNEST HOUSE, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
B06488514 |
|
3 |
10272527 |
21/01/2011 |
440,000.00 |
CORPORATION BANK |
NARIMAN POINT BRANCH,1ST FLOOR, EARNEST HOUSE, NAR |
B06506323 |
|
4 |
10242444 |
15/09/2010 |
25,000,000.00 |
CORPORATION BANK |
NARIMAN POINT BRANCH,1ST FLOOR, EARNEST HOUSE, NAR |
A95831012 |
* Date of charge modification
FIXED ASSETS:
· Office Premises and Building
· Vehicles
· Office Equipment
· Computer and Printers
· Furniture and Fixtures.
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.63.02 |
|
|
1 |
Rs.102.04 |
|
Euro |
1 |
Rs.84.92 |
INFORMATION DETAILS
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.