MIRA INFORM REPORT
|
Report No. : |
316495 |
|
Report Date : |
11.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
KAFILA FORGE LIMITED |
|
|
|
|
Registered Office
: |
32, Rajasthani Udhyog Nagar, G. T. Karnal Road, Delhi – 110033 |
|
Tel. No.: |
91-11-47000666 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
06.03.1990 |
|
|
|
|
Com. Reg. No.: |
55-039427 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 52.434 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27109DL1990PLC039427 |
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|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
Not Available |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of auto parts and components. |
|
|
|
|
No. of Employees
: |
800 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
|
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Payment Behaviour : |
Slow but correct |
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|
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Litigation : |
Clear |
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Comments : |
Subject is an establishing company having moderate track record. Management of the company has reported low profitability during the financial
year 2013-14. Further, the company posseses inadequate debt – protection measures
and average liquidity. However, trade relations are fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealings with caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = BB- (Suspended) |
|
Rating Explanation |
Inadequate credit quality and high credit risk. |
|
Date |
April 2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A4 (Suspended) |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
April 2015 |
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 PARTED BY
|
Name : |
Mr. R.K. Jain |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-11-47000666 |
|
Date : |
09.04.2015 |
LOCATIONS
|
Registered Office/ Factory : |
32, Rajasthani Udhyog Nagar, G. T. Karnal Road, Delhi – 110033, India |
|
Tel. No.: |
91-1147000666 |
|
Mobile No.: |
91-9812184075 (Mr. R. K. Jain) |
|
Fax No.: |
91-11-27693463 |
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E-Mail : |
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|
Website : |
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|
Area : |
2400 yard |
|
Location : |
Owned |
|
|
|
|
Unit II : |
30 K.M. Stone, Kundli District, Sonepat, Haryana, India |
|
Area : |
3 acres |
|
Location : |
Owned |
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|
|
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Unit III : |
32 Km. Stone, Kundli, District
Sonepat, Haryana, India |
|
Area : |
4 acres |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Anil Malhotra |
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Designation : |
Whole Time Director |
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Address : |
BF-21, Tagore Garden, New Delhi – 110027, India |
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Date of Birth/Age : |
02.01.1963 |
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Date of Appointment : |
01.04.2014 |
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DIN No.: |
00871064
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Other
Directorship :
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Name : |
Prithvi Raj Malhotra |
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Designation : |
WholeTime Director |
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Address : |
BF-21, Tagore Garden, New Delhi – 110027, India |
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Date of Birth/Age : |
07.05.1948 |
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Date of Appointment : |
01.04.2014 |
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DIN No.: |
00871148
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Other
Directorship :
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Name : |
Harvinder Pal Malhotra |
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Designation : |
Whole Time Director |
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Address : |
BF-21, Tagore Garden, New Delhi – 110027, India |
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Date of Birth/Age : |
13.09.1950 |
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Date of Appointment : |
01.04.2014 |
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DIN No.: |
00871222
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Other
Directorship :
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Name : |
Satish Kumar Malhotra |
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Designation : |
Whole Time Director |
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Address : |
BF-21, Tagore Garden, New Delhi – 110027, India |
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Date of Birth/Age : |
26.06.1959 |
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Date of Appointment : |
01.04.2014 |
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DIN No.: |
01058528
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Other
Directorship :
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|
Name : |
Ashish Malhotra |
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Designation : |
Whole Time Director |
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Address : |
BF-21, Tagore Garden, New Delhi – 110027, India |
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Date of Birth/Age : |
11.03.1976 |
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Date of Appointment : |
16.03.2011 |
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DIN No.: |
01089764
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Name : |
Rohit Malhotra
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Designation : |
Whole Time Director
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Address : |
BF-21, Tagore Garden, New Delhi – 110027, India
|
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Date of Birth/Age : |
14.10.1977
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Date of Appointment : |
01.04.2011
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DIN No.: |
01217158
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Other
Directorship :
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Name : |
Varun Malhotra
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Designation : |
Whole Time Director
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Address : |
BF-21, Tagore Garden, New Delhi – 110027, India
|
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Date of Birth/Age : |
22.06.1979
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Date of Appointment : |
16.03.2011
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DIN No.: |
01089943
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Name : |
Santosh Malhotra
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Designation : |
Director
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Address : |
BF-21, Tagore Garden, New Delhi – 110027, India
|
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Date of Birth/Age : |
23.10.1953
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Date of Appointment : |
05.12.2010
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DIN No.: |
01264955
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Name : |
Ram Lal Malhotra
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Designation : |
Director
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Address : |
BF-21, Tagore Garden, New Delhi – 110027, India
|
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Date of Birth/Age : |
15.08.1924
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Date of Appointment : |
01.12.2010
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DIN No.: |
01096592
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KEY EXECUTIVES
|
Name : |
Mr. R.K. Jain |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Mr. R.L. Malhotra |
|
19621 |
|
Mr. P.R. Malhotra |
|
100417 |
|
Mr. H.P. Malhotra |
|
45800 |
|
Mr. S.K. Malhotra |
|
45802 |
|
Mr. Anil Malhotra |
|
60899 |
|
Mr. Ashish Malhotra |
|
15010 |
|
Mr. Rohit Malhotra |
|
15007 |
|
Mr. Varun Malhotra |
|
15003 |
|
Mr. Kartik Malhotra |
|
10002 |
|
Mr. Rachit Malhotra |
|
10000 |
|
Mrs. Kunti Devi |
|
8590 |
|
Mrs. Santosh Malhotra |
|
16975 |
|
Mrs. Sneh Malhotra |
|
16904 |
|
Mrs. Jyoti Malhotra |
|
21224 |
|
Mrs. Ritu Malhotra |
|
14879 |
|
Ms. Leena Kumar |
|
1000 |
|
R.L. Malhotra (HUF) |
|
21531 |
|
P.R. Malhotra (HUF) |
|
32902 |
|
Anil Malhotra (HUF) |
|
13985 |
|
S.K. Malhotra (HUF) |
|
9261 |
|
H.P. Malhotra (HUF) |
|
5382 |
|
Ms. Nidhi Malhotra |
|
2714 |
|
Ms. Pooja Malhotra |
|
8012 |
|
|
|
|
|
Total |
|
510920 |
AS ON 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of auto parts and components. |
|
|
|
|
Products : |
Auto Parts |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
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Products : |
Finished Goods |
|
Countries : |
|
|
|
|
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Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
China |
|
|
|
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Terms : |
|
|
Selling : |
Cash, L/C, Cheque and Credit |
|
|
|
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Purchasing : |
Cash, L/C, Cheque and Credit |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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||||||||||||||||||||||||
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No. of Employees : |
800 (Approximately) |
||||||||||||||||||||||||
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Bankers : |
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||||||||||||||||||||||||
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Facilities : |
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|
|
|
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Auditors : |
|
|
Name : |
R.N. Marwah and Company Chartered Accountants |
|
Address : |
4/80, Janpath, New Delhi – 110001, India |
|
PAN No.: |
AAAFR9496F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
600000 |
Equity Shares |
Rs. 100/- each |
Rs. 60.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
524336 |
Equity Shares |
Rs. 100/-
each |
Rs. 52.434
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
52.434 |
51.092 |
49.958 |
|
(b) Reserves & Surplus |
446.207 |
430.595 |
418.008 |
|
(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) |
498.641 |
481.687 |
467.966 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
90.577 |
108.480 |
72.700 |
|
(b) Deferred tax liabilities (Net) |
(7.183) |
0.979 |
3.731 |
|
(c) Other long term
liabilities |
34.250 |
38.692 |
28.692 |
|
(d) long-term
provisions |
11.995 |
12.794 |
9.321 |
|
Total Non-current
Liabilities (3) |
129.639 |
160.945 |
114.444 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
378.794 |
393.764 |
390.596 |
|
(b) Trade
payables |
328.972 |
393.614 |
420.872 |
|
(c) Other
current liabilities |
140.927 |
130.417 |
115.327 |
|
(d) Short-term
provisions |
9.851 |
8.771 |
29.350 |
|
Total Current
Liabilities (4) |
858.544 |
926.566 |
956.145 |
|
|
|
|
|
|
TOTAL |
1486.824 |
1569.198 |
1538.555 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
458.217 |
477.907 |
499.129 |
|
(ii)
Intangible Assets |
1.818 |
4.205 |
3.427 |
|
(iii) Capital
work-in-progress |
6.974 |
3.302 |
4.516 |
|
(iv)
Intangible assets under development |
0.815 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.015 |
0.015 |
0.015 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
25.929 |
69.399 |
48.222 |
|
(e) Other
Non-current assets |
22.821 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
516.589 |
554.828 |
555.309 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
668.169 |
640.130 |
583.724 |
|
(c) Trade
receivables |
206.717 |
242.544 |
214.806 |
|
(d) Cash
and cash equivalents |
28.555 |
34.676 |
40.696 |
|
(e)
Short-term loans and advances |
47.870 |
64.032 |
54.147 |
|
(f) Other
current assets |
18.924 |
32.988 |
89.873 |
|
Total
Current Assets |
970.235 |
1014.370 |
983.246 |
|
|
|
|
|
|
TOTAL |
1486.824 |
1569.198 |
1538.555 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1159.716 |
1198.717 |
1175.377 |
|
|
|
Other Income |
7.285 |
7.737 |
22.435 |
|
|
|
TOTAL (A) |
1167.001 |
1206.454 |
1197.812 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
529.405 |
566.052 |
643.828 |
|
|
|
Purchases of Stock-in-Trade |
76.089 |
59.640 |
6.495 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
1.528 |
(72.675) |
(107.698) |
|
|
|
Employees benefits expense |
127.979 |
140.031 |
124.421 |
|
|
|
Prior period items before tax |
0.722 |
0.409 |
0.032 |
|
|
|
Other expenses |
293.698 |
364.829 |
399.809 |
|
|
|
TOTAL (B) |
1029.421 |
1058.286 |
1066.887 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (A-B) (C) |
137.580 |
148.168 |
130.925 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
93.708 |
93.026 |
77.724 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
43.872 |
55.142 |
53.201 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
42.259 |
45.781 |
42.982 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
1.613 |
9.361 |
10.219 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(6.063) |
3.087 |
3.245 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
7.676 |
6.274 |
6.974 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
157.362 |
227.656 |
284.688 |
|
|
TOTAL EARNINGS |
157.362 |
227.656 |
284.688 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
101.820 |
73.444 |
12.266 |
|
|
|
Capital Goods |
0.000 |
0.610 |
4.442 |
|
|
TOTAL IMPORTS |
101.820 |
74.054 |
16.708 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
15.02 |
12.28 |
13.65 |
|
Expected Sales (2014-15): Rs. 1140.000 Million
The above information has been parted by Mr. R. K. Jain (Accounts
Department)
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin PAT / Sales |
(%) |
0.66
|
0.52 |
0.59 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
11.86
|
12.36 |
11.14 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.11 |
0.60 |
0.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
0.02 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debts/Networth) |
|
0.94 |
1.04 |
0.99 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13 |
1.09 |
1.03 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
49.958 |
51.092 |
52.434 |
|
Reserves & Surplus |
418.008 |
430.595 |
446.207 |
|
Net
worth |
467.966 |
481.687 |
498.641 |
|
|
|
|
|
|
long-term borrowings |
72.700 |
108.480 |
90.577 |
|
Short term borrowings |
390.596 |
393.764 |
378.794 |
|
Total
borrowings |
463.296 |
502.244 |
469.371 |
|
Debt/Equity
ratio |
0.990 |
1.043 |
0.941 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1175.377 |
1198.717 |
1159.716 |
|
|
|
1.986 |
-3.254 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1175.377 |
1198.717 |
1159.716 |
|
Profit |
6.974 |
6.274 |
7.676 |
|
|
0.59% |
0.52% |
0.66% |
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
---- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
---- |
|
22] |
Litigations that the firm
/ promoter involved in |
---- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
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 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10519587 |
11/09/2014 |
73,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
GROUND FLOOR, UDYOG
MINAR, VANIJYA NIKUNJ, UDYOG |
C20299723 |
|
2 |
10451909 |
28/09/2013 |
5,382,625.00 |
INTEC CAPITAL LIMITED |
701,MANJUSHA, 57
NEHRU PLACE, NEW DELHI, Delhi - |
B86124518 |
|
3 |
10417466 |
26/03/2013 |
54,430,859.00 |
INTEC CAPITAL LIMITED |
701,MANJUSHA, 57
NEHRU PLACE, NEW DELHI, Delhi - |
B72495765 |
|
4 |
90044427 |
27/10/2004 |
10,000,000.00 |
STATE BANK OF INDIA |
CHANDNI CHOWK, DELHI, Delhi, INDIA |
- |
|
5 |
90044074 |
04/02/2004 |
2,675,000.00 |
INTEC SECURITIES LTD. |
701; MANJISHA, 57;
NEHRU PLACE, NEW DELHI, Delhi |
- |
|
6 |
90043962 |
01/11/2003 |
3,000,000.00 |
STATE BANK OF INDIA |
CHANDNI CHOWK, DELHI, Delhi, INDIA |
- |
|
7 |
90043226 |
22/10/2001 |
1,500,000.00 |
STATE BANK OF INDIA |
CHANDNI CHOWK, DELHI, Delhi, INDIA |
- |
|
8 |
90048442 |
10/04/2001 |
7,800,000.00 |
STATE BANK OF INDIA |
CHANDNI CHOWK, DELHI, Delhi, INDIA |
- |
|
9 |
90047333 |
06/06/2006 * |
8,000,000.00 |
STATE BANK OF INDIA |
CHANDNI CHOWK, DELHI, Delhi - 110006, INDIA |
- |
|
10 |
90041736 |
11/03/2013 * |
592,800,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH,
M-47, CONNAUGHT CIRCUS, NEW DE |
B73256406 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Term loan from banks |
1.341 |
1.249 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advances from directors |
0.202 |
0.000 |
|
Loans repayable on demand |
0.000 |
10.786 |
|
Total |
1.543 |
12.035 |
FIXED ASSETS
- Land
- Buildings
- Plant and
Equipments
- Furniture and
Fixture
- Vehicles
- Office
Equipments
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 records 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 registerd 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. 62.36 |
|
|
1 |
Rs. 91.60 |
|
Euro |
1 |
Rs. 66.48 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
SUC |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.