MIRA INFORM REPORT
|
Report Date : |
21.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
KLJ ORGANIC LIMITED |
|
|
|
|
Registered
Office : |
KLJ House, 63, Rama Marg, Najafgarh Road, New Delhi – 110015 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
03.05.1995 |
|
|
|
|
Com. Reg. No.: |
55-068170 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.40.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1995PLC068170 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK3722A |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and selling of secondary plasticizer, Chlorinated
Paraffin and Tri Cresyl, Phosphate and Tri Phenyl Phosphate and its bye
products. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
A (62) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 4500000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behavior : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established company having fine track record. The rating reflects KLJ’s leadership position in the plasticisers business
with strong presence in compounding and trading segments supported by healthy
financial risk profile and adequate liquidity position of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered good for normal 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.
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
slowly 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=A- |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
July 26, 2014 |
|
|
|
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating=A1 |
|
Rating Explanation |
Very strong degree of satisfactory and
lowest credit risk. |
|
Date |
July 26, 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 DECLINED
|
Name : |
Mr. Praveen Sharma |
|
Designation : |
Accountant |
|
Contact No.: |
91-11-41427427 |
|
Date : |
17.10.2014 |
LOCATIONS
|
Registered Office : |
KLJ House, 63, Rama Marg, Najafgarh Road, New Delhi – 110015,
India |
|
Tel. No.: |
91-11-25459706 |
|
Fax No.: |
91-11-25459709 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on: 24.09.2013
|
Name : |
Mr. Pushp Jain |
|
Designation : |
Managing Director |
|
Address : |
6B/9, Near Old Rajinder Nagar, New Delhi-110060, India |
|
Date of Birth/Age : |
27.03.1975 |
|
Qualification : |
B. E. |
|
Date of Appointment : |
29.09.2011 |
|
PAN No.: |
AALPJ2611D |
|
DIN No.: |
00033289 |
|
|
|
|
Name : |
Mr. Kamal Jain |
|
Designation : |
Director |
|
Address : |
6- B/9, NEA, Old Rajinder Nagar, |
|
Date of Birth/Age : |
08.04.1973 |
|
Date of Appointment : |
18.07.2008 |
|
PAN No.: |
AALPJ1364M |
|
DIN No.: |
00033355 |
|
|
|
|
Name : |
Mr. Hemant Jain |
|
Designation : |
Director |
|
Address : |
6- B/9, NEA, Old Rajinder Nagar, |
|
Date of Birth/Age : |
18.08.1971 |
|
Qualification : |
Gradate, diploma in International Business |
|
Date of Appointment : |
20.09.2007 |
|
PAN No.: |
AALPJ1370K |
|
DIN No.: |
00506995 |
|
|
|
|
Name : |
Mr. Virendra Kumar Singhi |
|
Designation : |
Director |
|
Address : |
K -71, Kirti Nagar, |
|
Date of Birth/Age : |
02.10.1964 |
|
Date of Appointment : |
30.09.1997 |
|
DIN No.: |
00028824 |
|
|
|
|
Name : |
Mr. Shanti Lal Dugar |
|
Designation : |
Director |
|
Address : |
3/104, 2nd Floor, Ramesh Nagar, New Delhi-110015, India |
|
Date of Birth/Age : |
16.07.1978 |
|
Qualification : |
CA |
|
Date of Appointment : |
29.09.2011 |
|
DIN No.: |
03441727 |
|
|
|
|
Name : |
Mr. Mulch Raj Bhalla |
|
Designation : |
Director |
|
Address : |
D-74, Kirti Nagar, New Delhi – 110015, India |
|
Date of Birth/Age : |
15.04.1930 |
|
Date of Appointment : |
06.08.2012 |
|
DIN No.: |
06369037 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 24.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage |
|
Kanhaiya Lal Jain |
775000 |
19.37 |
|
Hemant Jain |
496000 |
12.40 |
|
V L Sood |
250 |
0.01 |
|
Sushila Patawari |
625000 |
15.63 |
|
Mangi Lal Sethia |
250 |
0.01 |
|
Kamal Jain |
396000 |
9.9 |
|
Pushp Jain |
633500 |
15.83 |
|
Kanhaiyalal Jain and Sons HUF |
396000 |
9.9 |
|
KLJ Polymers and Chemicals Limited, India |
282000 |
7.05 |
|
Kinetic Impex Limited, India |
396000 |
9.90 |
|
TOTAL
|
4000000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
16.95 |
|
Directors or relatives of directors |
|
83.04 |
|
Other top fifty shareholders |
|
0.01 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and selling of secondary plasticizer,
Chlorinated Paraffin and Tri Cresyl, Phosphate and Tri Phenyl Phosphate and
its bye products. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS [AS ON 31.03.2013]
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
CPW |
MT/PA |
80000 |
80000 |
|
TTP/TCP |
MT/MA |
2400 |
2400 |
|
CPW |
MT* |
66517 |
59254 |
|
TCP/TPP |
MT** |
470 |
463 |
|
HCL Bye Product |
MT |
87412 |
70331 |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
State Bank of India, Commercial Branch, N-3, South
Extension Part -I, New Delhi - 110049, Delhi, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Nahata Jain Golchha and Company Chartered Accountants |
|
Address : |
4378, Murlilal Street, 4B, Ansari Road, Darya Ganj, New Delhi –
110002, India |
|
PAN No.: |
AAEFN8137H |
|
|
|
|
Associate : |
CIN No.: U24119DL1989PLC036883
CIN No.: U25200DL2008PLC181088
CIN No.: L67120WB1986PLC041487
CIN No.: L51909WB1985PLC039455
CIN No.:
U45201DL2006PTC145296 |
|
|
|
|
Subsidiaries : |
CIN No.: U45200DL2008PTC173709 |
CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4500000 |
Equity Shares |
Rs.10/- each |
Rs. 45.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs. 40.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
40.000 |
40.000 |
40.000 |
|
(b) Reserves & Surplus |
1086.159 |
898.006 |
640.250 |
|
(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) |
1126.159 |
938.006 |
680.250 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a)
long-term borrowings |
3.473 |
9.820 |
15.506 |
|
(b) Deferred tax
liabilities (Net) |
7.458 |
3.998 |
3.644 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
4.991 |
2.791 |
0.000 |
|
Total
Non-current Liabilities (3) |
15.922 |
16.609 |
19.150 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
316.032 |
97.091 |
120.700 |
|
(b)
Trade payables |
550.360 |
437.256 |
386.753 |
|
(c)
Other current liabilities |
84.554 |
151.595 |
38.339 |
|
(d)
Short-term provisions |
249.075 |
165.635 |
167.570 |
|
Total
Current Liabilities (4) |
1200.021 |
851.577 |
713.362 |
|
|
|
|
|
|
TOTAL |
2342.102 |
1806.192 |
1412.762 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
252.262 |
250.310 |
210.476 |
|
(ii)
Intangible Assets |
14.591 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
3.330 |
5.440 |
1.568 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b)
Non-current Investments |
115.733 |
115.733 |
98.233 |
|
(c)
Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e)
Other Non-current assets |
193.716 |
44.275 |
0.000 |
|
Total
Non-Current Assets |
579.632 |
415.758 |
310.277 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
|
|
|
(b)
Inventories |
808.377 |
465.679 |
364.807 |
|
(c)
Trade receivables |
388.621 |
417.230 |
380.872 |
|
(d)
Cash and cash equivalents |
32.837 |
28.849 |
13.892 |
|
(e)
Short-term loans and advances |
530.299 |
468.075 |
340.649 |
|
(f)
Other current assets |
2.336 |
10.601 |
2.265 |
|
Total
Current Assets |
1762.470 |
1390.434 |
1102.485 |
|
|
|
|
|
|
TOTAL |
2342.102 |
1806.192 |
1412.762 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
3572.745 |
3132.892 |
2589.636 |
|
|
|
Other Income |
42.273 |
20.089 |
4.989 |
|
|
|
TOTAL (A) |
3615.018 |
3152.981 |
2594.625 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
2966.957 |
2447.532 |
2019.767 |
|
|
|
Employee benefit expenses |
62.390 |
49.906 |
30.870 |
|
|
|
Other expenses |
269.817 |
226.943 |
144.126 |
|
|
|
Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
(26.540) |
(4.486) |
(8.247) |
|
|
|
TOTAL (B) |
3272.624 |
2719.895 |
2186.516 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
342.394 |
433.086 |
408.109 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
26.812 |
21.236 |
23.413 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
315.582 |
411.850 |
384.696 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
37.133 |
28.940 |
23.230 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
278.449 |
382.910 |
361.466 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
90.296 |
125.153 |
78.856 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
188.153 |
257.757 |
282.610 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
919.009 |
661.252 |
378.642 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1107.162 |
919.009 |
661.252 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
918.732 |
636.300 |
433.848 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
1016.456 |
692.659 |
753.477 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
47.04 |
64.44 |
70.65 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
5.20 |
8.18 |
10.89 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.79 |
12.22 |
13.96 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.53 |
22.72 |
27.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25 |
0.41 |
0.53 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.28 |
0.11 |
0.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.47 |
1.63 |
1.55 |
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 |
40.000 |
40.000 |
40.000 |
|
Reserves & Surplus |
640.250 |
898.006 |
1086.159 |
|
Net
worth |
680.250 |
938.006 |
1126.159 |
|
|
|
|
|
|
long-term borrowings |
15.506 |
9.820 |
3.473 |
|
Short term borrowings |
120.700 |
97.091 |
316.032 |
|
Total
borrowings |
136.206 |
106.911 |
319.505 |
|
Debt/Equity
ratio |
0.200 |
0.114 |
0.284 |
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 |
2589.636 |
3132.892 |
3572.745 |
|
|
|
20.978 |
14.040 |
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 |
2589.636 |
3132.892 |
3572.745 |
|
Profit |
282.610 |
257.800 |
188.153 |
|
|
10.91% |
8.23% |
5.27% |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
SECURED LOAN
(Rs.
In Millions)
|
Particular |
As on 31.03.2013 |
As on 31.03.2012 |
|
Short Term
Borrowings |
|
|
|
Loan and Advances from related parties |
155.152 |
0.000 |
|
|
|
|
|
TOTAL |
155.152 |
0.000 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10404506 |
30/01/2013 |
2,396,300,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, N-3 SOUTH EXTENSION PART-I, NEW DELHI, DELHI - 110048, INDIA |
B68629203 |
|
2 |
10014186 |
12/03/2013 * |
1,370,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, N-3, SOUTH EXTENSION PART –I NEW DELHI, DELHI - 110049, INDIA |
B73653073 |
FIXED ASSETS:
- Land
- Building.
- Plant and equipment
- Factory equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer software
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.61.62 |
|
|
1 |
Rs.99.12 |
|
Euro |
1 |
Rs.78.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
62 |
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.