MIRA INFORM REPORT
|
Report Date : |
04.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
KOTSON’S PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-208, 2nd Floor, R.G. City Centre, Plot No.4, DDA Community
Centre, Motia Khan, Paharganj, New Delhi – 110055 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
22.04.1978 |
|
|
|
|
Com. Reg. No.: |
55-191934 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.68.293 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31101DL1978PTC191934 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELK10969A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCK0743J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Distribution and Exporter of Three Phase Power
Transformers. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. There seems sharp decline in the turnover and profit of the company
during 2013, profit margin of the company is also very low. However, trade relations are reported as fair. Business is active.
Payment terms are reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating=V/Stable |
|
Rating Explanation |
High risk of default. |
|
Date |
04.07.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating=A4 |
|
Rating Explanation |
Minimal degree of safety. It carry very high
credit risk. |
|
Date |
04.07.2014 |
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 BY
|
Name : |
Mr. Arjun |
|
Designation : |
Office Executive |
|
Contact No.: |
91-562-2641818 |
|
Date : |
03.11.2014 |
LOCATIONS
|
Registered Office : |
A-208, 2nd Floor, R.G. City Centre, Plot No.4, DDA
Community Centre, Motia Khan, Paharganj, New Delhi – 110055, India. |
|
Tel. No. : |
91-11-43537540 |
|
Fax No.: |
91-11-43537540 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
3500 sq. ft. (approximately) |
|
Location : |
Owned |
|
|
|
|
Head Office 1 : |
6, Raghunath Nagar, Suresh Plaza Market, Opposite Sanjay Place, M.G.
Road, Agra – 282002, Uttar Pradesh, India |
|
Tel. No.: |
91-562-2521475/ 2641818 |
|
Fax No.: |
91-562-2521463 |
|
E-Mail : |
|
|
|
|
|
Head Office 2 / Factory 1 : |
C-21, U. P. S. I. D. C., Site –C, Sikandra, Agra – 282007 , Uttar
Pradesh, India |
|
Tel. No.: |
91-562-2641422/ 2641675/3291385/3291344 |
|
Fax No.: |
91-562-2462059 |
|
|
|
|
Factory 2 : |
217A, 218 to 220 and 230A MIA, Desula, Alwar – 301030, Rajasthan, India |
|
Tel. No.: |
91-144-2881210,2881211,2881212 |
|
Fax No.: |
91-144-2881213 |
|
|
|
|
Factory 3 : |
E-1 to E-12 and D-9 to D-16, U. P. S.I. D. C, Bazpur-1, District Udham
Singh Nagar, |
|
Tel. No.: |
91-5947-225314 |
|
Fax No.: |
91-5947-225376 |
DIRECTORS
AS ON 28.09.2013
|
Name : |
Mr. Pawan Kumar Jain |
|
Designation : |
Managing Director |
|
Address : |
1/189, Civil Lines, |
|
Date of Birth/Age : |
04.03.1958 |
|
Qualification : |
M.Com, PGDBM |
|
Date of Appointment : |
19.01.1989 |
|
DIN No. : |
00451347 |
|
|
|
|
Name : |
Mr. Pravin Jain |
|
Designation : |
Director |
|
Address: |
17th |
|
Date of Birth/Age : |
28.03.1965 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
03.11.1990 |
|
DIN No. : |
00631059 |
|
|
|
|
Name : |
Mr. Siddharth Jain |
|
Designation : |
Director |
|
Address : |
1/189, Civil Lines, |
|
Date of Birth/Age : |
12.02.1983 |
|
Qualification : |
B.com, LLB, MBA |
|
Date of Appointment : |
01.04.2003 |
|
DIN No. : |
00454479 |
|
|
|
|
Name : |
Mr. Mohnish Jain |
|
Designation : |
Director |
|
Address : |
1/189, Civil Lines, |
|
Date of Birth/Age : |
07.02.1985 |
|
Qualification : |
B.com |
|
Date of Appointment : |
01.07.2005 |
|
DIN No. : |
00462023 |
KEY EXECUTIVES
|
Name : |
Mr. Arjun |
|
Designation : |
Office Executive |
|
|
|
|
Name : |
Mr. Goyal |
|
Designation : |
Finance Head |
|
|
|
|
Name : |
Mr. Anju Jain |
|
Designation : |
Company Secretary |
MAJOR SHAREHOLDERS
AS ON 28.09.2013
|
Names of Shareholders |
No. of Shares |
|
Gyan Chand Kotia |
2000 |
|
Marsons Limited – |
10000 |
|
Pawan Kumar Jain |
2551234 |
|
Sanjay Kumar Jain |
35554 |
|
Pravin Kumar Jain |
140558 |
|
Nikhlesh Kotia |
834 |
|
Akhilesh Kotia |
834 |
|
Pawan Kumar Jain HUF |
733000 |
|
Sanjay Kumar Jain HUF |
100000 |
|
Renu Jain |
70000 |
|
Manju Jain |
405000 |
|
Rishabh Jain |
70000 |
|
Siddharth Jain |
115266 |
|
Pravin Kumar Jain HUF |
50000 |
|
Nishant Jain |
50000 |
|
Neelu Jain |
50000 |
|
Niharika Jain |
50000 |
|
Mohnish Jain |
180000 |
|
Kotsons Overseas Private Limited – |
1318000 |
|
O. N. Agro Private Limited – |
447000 |
|
Kanhaiya Bhagwan Cold Storage Private Limited – |
450000 |
|
|
|
|
Total |
6829280 |
Equity Share Break up (Percentage of Total Equity)
AS ON 28.09.2013
|
Category |
Percentage |
|
Bodies corporate |
31.16 |
|
Directors or relatives of Directors |
51.72 |
|
Other top fifty shareholders |
17.12 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Distribution and Exporter of Three Phase Power
Transformers. |
||||
|
|
|
||||
|
Products : |
·
Single Phase ·
Three Phase ·
Dry Type VPI (Vaccume Pressure Impregnated)
Transformers · Oil Type Transformers |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Bankers : |
·
State Bank of Bikaner and Jaipur, Near Bus Stand,
Main Branch, Alwar-301001, Rajasthan, India ·
The Federal Bank Limited ·
HDFC Bank Limited, Alwar ·
ICICI Bank Limited, Alwar ·
Induslnd Bank, ·
Punjab National Bank, MIA, Alwar ·
Standard Chartered Bank, |
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Suboth Sanjay Associates Chartered Accountants |
|
Address : |
30/220, |
|
Tel. No.: |
91-562-2852979 |
|
Mobile No.: |
91-9837046129 |
|
Pan No.: |
ACOPA0082E |
|
|
|
|
Enterprises
Controlled by directors/relatives : |
· Newai Electricals Private Limited · Venus Construction Private Limited · Kotsons Overseas Private Limited · Siddharth Warehousing Corporation · Trafo Power and Electricals Private Limited · Rishabh Warehousing Corporation · Kanhaiya Bhagwan Cold Storage Private Limited · O.N. Agro Private Limited · Pravin Metals Private Limited · Transons overseas (India) Private Limited |
CAPITAL STRUCTURE
AS ON 28.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
Rs.10/- each |
Rs.120.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6829280 |
Equity Shares |
Rs.10/- each |
Rs.68.293 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 |
68.293 |
68.293 |
68.293 |
|
(b) Reserves & Surplus |
361.487 |
360.961 |
329.756 |
|
(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) |
429.780 |
429.254 |
398.049 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.335 |
9.625 |
|
(b) Deferred tax liabilities (Net) |
34.755 |
32.769 |
30.041 |
|
(c) Other long term
liabilities |
9.000 |
9.000 |
10.437 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
43.755 |
42.104 |
50.103 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
557.852 |
424.893 |
444.593 |
|
(b) Trade
payables |
829.428 |
808.724 |
739.261 |
|
(c) Other current
liabilities |
19.228 |
53.937 |
84.849 |
|
(d) Short-term
provisions |
12.195 |
15.027 |
14.247 |
|
Total Current
Liabilities (4) |
1418.703 |
1302.581 |
1282.950 |
|
|
|
|
|
|
TOTAL |
1892.238 |
1773.939 |
1731.102 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
342.840 |
347.941 |
367.892 |
|
(ii)
Intangible Assets |
2.273 |
2.958 |
3.528 |
|
(iii)
Capital work-in-progress |
0.212 |
0.212 |
0.212 |
|
(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 |
11.746 |
13.549 |
8.816 |
|
(e) Other Non-current
assets |
3.141 |
4.711 |
6.282 |
|
Total Non-Current
Assets |
360.212 |
369.371 |
386.730 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
584.272 |
520.630 |
559.593 |
|
(c) Trade
receivables |
691.292 |
648.821 |
594.897 |
|
(d) Cash
and cash equivalents |
132.984 |
95.779 |
71.060 |
|
(e)
Short-term loans and advances |
10.181 |
14.521 |
18.314 |
|
(f) Other
current assets |
113.297 |
124.817 |
100.508 |
|
Total Current
Assets |
1532.026 |
1404.568 |
1344.372 |
|
|
|
|
|
|
TOTAL |
1892.238 |
1773.939 |
1731.102 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
1801.744 |
2024.324 |
2061.034 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1361.209 |
1593.171 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
21.033 |
(37.436) |
|
|
|
|
Employee Benefits Expenses |
87.924 |
84.389 |
|
|
|
|
Other Expenses |
183.753 |
187.827 |
|
|
|
|
TOTAL (B) |
1653.919 |
1827.951 |
1914.545 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
147.825 |
196.373 |
146.489 |
|
|
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES (D) |
126.175 |
1397.775 |
83.559 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
21.650 |
56.595 |
62.930 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION (F) |
19.330 |
20.037 |
19.331 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE
TAX (E-F) (G) |
2.320 |
36.558 |
43.599 |
|
|
|
|
|
|
|
|
|
|
TAX (H) |
1.986 |
2.727 |
4.349 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
0.334 |
33.831 |
39.250 |
|
|
|
|
|
|
|
|
|
|
Earnings in Foreign
Currency on F.O.B. Value |
456.321 |
578.445 |
312.085 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.05 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.12 |
2.06 |
2.52 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
0.09 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.30 |
0.99 |
1.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.08 |
1.08 |
1.05 |
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 |
68.293 |
68.293 |
68.293 |
|
Reserves & Surplus |
329.756 |
360.961 |
361.487 |
|
Net
worth |
398.049 |
429.254 |
429.780 |
|
|
|
|
|
|
long-term borrowings |
9.625 |
0.335 |
0.000 |
|
Short term borrowings |
444.593 |
424.893 |
557.852 |
|
Total
borrowings |
454.218 |
425.228 |
557.852 |
|
Debt/Equity
ratio |
1.141 |
0.991 |
1.298 |
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 |
2061.034 |
2024.324 |
1801.744 |
|
|
|
(1.781) |
(10.995) |
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
|
2061.034 |
2024.324 |
1801.744 |
|
Profit |
39.250 |
33.831 |
0.334 |
|
|
1.90% |
1.67% |
0.02% |
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 |
Yes |
|
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 LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Short Term Borrowings |
|
|
|
Loans and
advances from related parties |
4.764 |
0.000 |
|
|
|
|
|
Total |
4.764 |
0.000 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10460958 |
01/11/2013 |
102,500,000.00 |
PUNJAB NATIONAL BANK |
M.I.A., ALWAR, RAJASTHAN - 301030, INDIA |
B89820708 |
|
2 |
10022704 |
29/09/2006 |
27,900,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
NEAR BUS STAND, MAIN BRANCH, ALWAR, RAJASTHAN - 301001, INDIA |
A05770680 |
|
3 |
90249840 |
17/09/2014 * |
1,035,000,000.00 |
STATE BANK OF BIKANER & JAIPUR |
MAIN BRANCH, NEAR BUS STAND, GOPAL BUILDING, ALWAR, RAJASTHAN - 301001, INDIA |
C26724377 |
*Date of modification Charges
FIXED ASSETS:
·
Lease hold land
·
Office building
·
Factory building
·
Plant and machinery
·
Electric installation
·
Furniture and fixture
·
Cycle
·
Data processing software
and machine
·
Office equipment and fire
extinguisher
·
Motor car and scooter
·
Solar equipments,
·
Technical knowhow
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.61.41 |
|
|
1 |
Rs.98.06 |
|
Euro |
1 |
Rs.76.67 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--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 |
YES |
|
--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.