MIRA
INFORM REPORT
|
Report Date : |
24.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
KANCOR INGREDIENTS LIMITED [w.e.f. 25.03.2011] |
|
|
|
|
Formerly Known
As : |
KANCOR FLAVOURS AND EXTRACTS LIMITED |
|
|
|
|
Registered
Office : |
Rajan House, Appasaheb Marathe Marg, Prabhadevi, Mumbai-400025, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
03.05.1990 |
|
|
|
|
Com. Reg. No.: |
11-240460 [New] 09-005658 [Old] |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.94.078
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909MH1990PLC240460 [New] U51909KL1990PLC005685 [Old] |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRK05488A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK9969R |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Nutraceutical Products. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2249000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
Financial position of the company is good. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitment. The company can be considered normal 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.
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 |
CARE |
|
Rating |
Long term bank facilities BBB- |
|
Rating Explanation |
Moderate degree of safety. It carry moderate
credit risk. |
|
Date |
April 04, 2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities A3 |
|
Rating Explanation |
Moderate degree of safety. It carry higher
credit risk. |
|
Date |
April 04, 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
MANAGEMENT NON CO-OPERATIVE (91-484-2456451)
LOCATIONS
|
Registered Office : |
Rajan House, Appasaheb Marathe Marg, Prabhadevi, Mumbai-400025,
Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
814/C, Second Floor, Near Suburban Club, |
|
Tel. No.: |
91-484-2575651/ 2575652/ 3107031/ 3107032 |
|
Fax No.: |
91-484-2575653 |
|
E mail: |
|
|
|
|
|
Factory 1 : |
Kancor Extracts |
|
Tel. No.: |
91-484-2456451 |
|
Fax No.: |
91-484-2452662 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
Kancor Essential Oils |
|
Tel. No.: |
91-484-2456450 |
|
Fax No.: |
91-484-2452662 |
|
E-Mail : |
|
|
|
|
|
Factory 3: |
Kancor Botanicals |
|
Tel. No.: |
91-484-2456951 |
|
Fax No.: |
91-484-2452662 |
|
E-Mail : |
|
|
|
|
|
Factory 4 : |
Kancor Nutraceuticals |
|
Tel. No.: |
91-484-2456595 |
|
Fax No.: |
91-484-2452662 |
|
E-Mail : |
|
|
|
|
|
Factory 5: |
Wheel House, 24/2014, Indira Gandhi Road, Wellingdon Island, Kochi – 682003, Kerala, India |
|
Tel. No.: |
91-484-2669879/2669910 |
|
Fax No.: |
91-484-2669878 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Sanjay Jayasinh Mariwala |
|
Designation : |
Managing Director |
|
Address : |
E-9, Willingdon Enclave, |
|
Date of Birth/Age : |
02.01.1960 |
|
Date of Appointment : |
03.05.1990 |
|
|
|
|
Name : |
Mr. Jayasinh Vallabhdas Mariwala |
|
Designation : |
Director |
|
Address : |
Sudha Kunj, 3, |
|
Date of Birth/Age : |
09.07.1933 |
|
Date of Appointment : |
03.05.1990 |
|
|
|
|
Name : |
Mr. Ajay Jayasinh Mariwala |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
24.01.1963 |
|
Date of Appointment : |
27.03.1995 |
|
|
|
|
Name : |
Mr. Jayasinh Jivandas Negandhi |
|
Designation : |
Director |
|
Address : |
41/A B Paul Abrao Residency, 41/2480 Chittor Road, Kacheripadi,
Cochin-682018, Kerala, India |
|
Date of Birth/Age : |
31.05.1995 |
|
Date of Appointment : |
01.02.2007 |
KEY EXECUTIVES
|
Name : |
Mr. Dinesh |
|
Designation : |
Export Import Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Jayasinh Jivandas Negandhi |
|
240 |
|
Sanjay Jayasinh Mariwala |
|
825139 |
|
Ajay Jayasinh Mariwala |
|
825126 |
|
Mohan Jayasinh Mariwala |
|
825120 |
|
Nandana Sanjay Mariwala |
|
126 |
|
Anuja Ajay Mariwala |
|
126 |
|
Madhavi Mohan Mariwala |
|
120 |
|
S J Mariwala Trustee |
|
4978080 |
|
J V Mariwala Trustee |
|
1080960 |
|
J V Mariwala HUF |
|
825000 |
|
Mahendra Keshavji Sampat |
|
11932 |
|
Sudhir Keshavji Sampat |
|
35796 |
|
|
|
|
|
TOTAL
|
|
9407765 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Other
top fifty shareholders |
|
73.31 |
|
Directors
or relatives of directors |
|
26.31 |
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
0.38 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Nutraceutical Products. |
||||||
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||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
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|
|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
Sucheta Bhawan,11A Vishnu
Digambar Marg, New Delhi – 110002, India |
|
PAN No: |
AAAFR9528A |
|
|
|
|
Associates/Subsidiaries : |
·
Omniactive Health Technologies Limited [U24230MH2003PLC141898] ·
Kanmar Infrastructure and Sez Private Limited [U45203KL2007PTC021367] ·
Omniactive Health Technlogies Inc. USA ·
Kancor (Suzhou) Trading Company Limited, China ·
OmniKan Earth Sciences Private Limited ·
Kancor Colours Limited [U15495MH2006PLC240739] ·
Kancor Natural Isolates Limited [U15495MH2006PLC240494] |
|
|
|
|
Other Related Parties : |
·
Vallabhdas Kanji Limited [U51109KL1942PLC001301] ·
SJM Finance and Investments Private Limited [U65929KL1995PTC008590] ·
Sanjwin Consulting Solutions Private Limited [U74140KL2009PTC023946] ·
Kancor Singapore Pte Limited, Singapore ·
Designation Unplugged |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11500000 |
Equity Shares |
Rs.10/- each |
Rs.115.000 Millions |
|
5000000 |
Preferences Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
TOTAL |
|
Rs.165.000
Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9407765 |
Equity Shares |
Rs.10/- each
|
Rs.94.078
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 |
94.078 |
93.600 |
93.600 |
|
(b) Reserves & Surplus |
468.300 |
288.200 |
194.900 |
|
(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) |
562.378 |
381.800 |
288.500 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
87.600 |
4.000 |
15.200 |
|
(b) Deferred tax liabilities (Net) |
4.322 |
0.000 |
20.400 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
37.300 |
30.200 |
21.200 |
|
Total Non-current
Liabilities (3) |
129.222 |
34.200 |
56.800 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
574.600 |
526.900 |
436.500 |
|
(b)
Trade payables |
407.700 |
290.000 |
209.700 |
|
(c)
Other current liabilities |
119.500 |
104.800 |
58.900 |
|
(d) Short-term
provisions |
95.200 |
79.200 |
32.900 |
|
Total Current
Liabilities (4) |
1197.000 |
1000.900 |
738.000 |
|
|
|
|
|
|
TOTAL |
1888.600 |
1416.900 |
1083.300 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
372.300 |
222.000 |
200.700 |
|
(ii)
Intangible Assets |
8.200 |
14.900 |
19.400 |
|
(iii) Capital
work-in-progress |
66.400 |
17.800 |
15.200 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
9.800 |
42.900 |
38.000 |
|
(c) Deferred tax assets (net) |
0.000 |
1.800 |
0.000 |
|
(d) Long-term Loan and Advances |
50.700 |
39.800 |
29.600 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
507.400 |
339.200 |
302.900 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
704.200 |
577.300 |
330.300 |
|
(c)
Trade receivables |
386.000 |
274.300 |
250.200 |
|
(d) Cash
and cash equivalents |
76.500 |
54.200 |
63.400 |
|
(e)
Short-term loans and advances |
144.300 |
130.600 |
93.200 |
|
(f)
Other current assets |
70.200 |
41.300 |
43.300 |
|
Total
Current Assets |
1381.200 |
1077.700 |
780.400 |
|
|
|
|
|
|
TOTAL |
1888.600 |
1416.900 |
1083.300 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
4194.300 |
3025.400 |
|
|
|
Other Income |
|
15.000 |
9.100 |
|
|
|
TOTAL (A) |
|
4209.300 |
3034.500 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost
of materials consumed |
|
2179.100 |
1847.500 |
|
|
|
Purchases
of stock-in-trade |
|
941.100 |
526.800 |
|
|
|
Employee
benefit expense |
|
206.800 |
149.900 |
|
|
|
Other
expenses |
|
475.500 |
325.600 |
|
|
|
Exceptional
items |
|
0.000 |
30.500 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and stock-in-trade |
|
(48.400) |
(176.600) |
|
|
|
TOTAL (B) |
|
3754.100 |
2703.700 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
455.200 |
330.800 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
128.300 |
136.200 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
326.900 |
194.600 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
41.500 |
26.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
|
285.400 |
168.200 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
84.100 |
53.200 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
|
201.300 |
115.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
122.400 |
80.800 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Traded Goods |
|
3731.200 |
2759.000 |
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
21.40 |
12.29 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
4.78
|
3.79 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.80
|
5.55 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.75
|
12.42 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.51
|
0.44 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.17
|
1.39 |
1.57 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.15
|
1.07 |
1.05 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
93.600 |
93.600 |
94.078 |
|
Reserves & Surplus |
194.900 |
288.200 |
468.300 |
|
Net worth |
288.500 |
381.800 |
562.378 |
|
|
|
|
|
|
long-term borrowings |
15.200 |
4.000 |
87.600 |
|
Short term borrowings |
436.500 |
526.900 |
574.600 |
|
Total borrowings |
451.700 |
530.900 |
662.200 |
|
Debt/Equity ratio |
1.566 |
1.391 |
1.177 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
|
31.03.2012 |
31.03.2013 |
|
|
|
(INR in Mlns) |
(INR in Mlns) |
|
Sales |
|
3025.400 |
4194.300 |
|
|
|
|
38.636 |
NET PROFIT MARGIN
|
Net Profit Margin |
|
31.03.2012 |
31.03.2013 |
|
|
|
(INR in Mlns) |
(INR in Mlns) |
|
Sales |
|
3025.400 |
4194.300 |
|
Profit |
|
115.000 |
201.300 |
|
|
|
3.80% |
4.80% |
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
NOTE:
The registered office of the company has been shifted from VII/138 P B
No. 3Kanakkankadavu Road, Angamaly South, Ernakulam-683573, Kerala, India to
the present address w.e.f. 24.01.2013
INDEX OF CHARGES:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER
(SRN) |
|
1 |
10389610 |
23/07/2013 * |
56,400,000.00 |
EXPORT IMPORT BANK OF
INDIA |
CENTRE ONE BUILDING, FLOOR
21, WORLD TRADE CENTRE COMPLEX, CUFFE PARADE, MUMBAI - 400005, MAHARASHTRA,
INDIA |
B82802224 |
|
2 |
10389712 |
23/07/2013 * |
48,600,000.00 |
EXPORT IMPORT BANK OF
INDIA |
CENTRE ONE BUILDING, FLOOR
21, WORLD TRADE CENTRE COMPLEX, CUFFE PARADE, MUMBAI - 400005, MAHARASHTRA,
INDIA |
B82864554 |
|
3 |
10370397 |
23/07/2013 * |
100,000,000.00 |
STATE BANK OF TRAVANCORE |
COMMERCIAL BRANCH, MALANKARA
CENTRE, M.G ROAD, ERNAKULAM - 682035, KERALA, INDIA |
B82764457 |
|
4 |
10370393 |
20/06/2012 |
100,000,000.00 |
STATE BANK OF TRAVANCORE |
INDUSTRIAL FINANCE
BRANCH, MALANKARA CENTRE ,M.G, |
B45628880 |
|
5 |
10152646 |
21/03/2009 |
600,000.00 |
AXIS BANK LIMITED |
41/419, GROUND FLOOR,
CHICAGO PLAZA, RAJAJI ROAD, |
A60657178 |
|
6 |
10091080 |
13/06/2008 * |
85,000,000.00 |
STATE BANK OF INDIA |
BYADGI BRANCH APMC YARD,
M N KAMBI BUILDING BYADGI, HAVERI - 581106, KARNATAKA, INDIA |
A41133984 |
|
7 |
90018145 |
23/07/2013 * |
1,654,000,000.00 |
STATE BANK OF INDIA (LEAD
BANK) |
COMMERCIAL BRANCH 1 ST
FLOOR, VANKARATH TOWERS BYE PASS JUNCTION PADIVATTOM, KOCHI - 682024, KERALA,
INDIA |
B84958842 |
* Date of charge modification
|
Unsecured Loan |
As
on 31.03.2013 [Rs.
in Millions] |
As
on 31.03.2012 [Rs.
in Millions] |
|
Short Term
Borrowings |
|
|
|
Intercorporate borrowings |
26.600 |
13.100 |
|
Other loans and advances |
0.400 |
12.200 |
|
TOTAL
|
27.000 |
25.300 |
FIXED ASSETS:
·
Freehold Land
·
Leasehold Land
·
Leasehold Improvements
·
Plant and Machinery
·
Furniture and Fixtures
·
Vehicles
·
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.60.87 |
|
|
1 |
Rs.99.63 |
|
Euro |
1 |
Rs.78.22 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done
by: |
DIV |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
48 |
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.