MIRA INFORM REPORT
|
Report No. : |
337329 |
|
Report Date : |
19.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
KULODAY
TECHNOPACK PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
25, Sona Udyog Industrial Estate, Parsi Panchayat Road, Andheri
(East), Mumbai – 400069, Maharashtra |
|
Tel. No.: |
91-22-28387113 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
19.07.1995 |
|
|
|
|
Com. Reg. No.: |
11-090795 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.22.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25202MH1995PTC090795 |
|
|
|
|
IEC No.: |
0396052240 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMK12625E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK3957H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Plastic Polythene Bags. |
|
|
|
|
No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established having satisfactory track. Financial position of the company seems to be decent. Trade relations are fair. Business is active. Payment terms are
usually correct. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund based – Term
loans = BB- |
|
Rating Explanation |
Have inadequate credit
quality and carry high credit risk. |
|
Date |
September, 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non fund based – LC
= A4 |
|
Rating Explanation |
Have minimal degree
of safety and carry very high credit risk. |
|
Date |
September, 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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Ankit Chokhani |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-22-28387113 |
|
Date : |
18.08.2015 |
LOCATIONS
|
Registered Office : |
25, Sona Udyog Industrial Estate, Parsi Panchayat Road, Andheri
(East), Mumbai – 400069, Maharashtra, India |
|
Tel. No.: |
91-22-28387113 / 14 |
|
Fax No.: |
91-22-66994884 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
3000 Sq. Ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory : |
597/ 1B and 644/24, Agrawal Industrial Estate, |
|
Tel. No.: |
91-260-2243003/ 2243870 |
|
E-Mail : |
|
|
Area : |
15000 Sq. ft. |
|
Location : |
Owned |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Arunkumar Prahaldrai Chokhani |
|
Designation : |
Director |
|
Address : |
304, Ganga, 16, Rani Sati Marg, Malad (East), Mumbai - 400097, Maharashtra, India |
|
Date of Birth/Age : |
24.06.1961 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
19.07.1995 |
|
DIN No.: |
01718048 |
|
|
|
|
Name : |
Mr. Krishnakumar Prahladrai Chokhani |
|
Designation : |
Director |
|
Address : |
302, Ganga 16, Rani Sati Marg, Malad (East), Mumbai - 400097, Maharashtra, India |
|
Date of Birth/Age : |
12.11.1952 |
|
Qualification : |
BSC |
|
Date of Appointment : |
26.09.2001 |
|
DIN No.: |
02795632 |
KEY EXECUTIVES
|
Name : |
Mr. Ankit Chokhani |
|
Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Mataji Kulodki |
|
12 |
|
Krishnakumar Prahladrai Chokhani |
|
290428 |
|
Arunkumar Prahladrai Chokhani |
|
348488 |
|
Geetadevi Prahladrai Chokhani |
|
12 |
|
Pushpadevi Kishankumar Chokhani |
|
85500 |
|
Manju Arunkumar Chokhani |
|
72000 |
|
Arunkumar Chokhani (HUF) |
|
335500 |
|
Chokhani Kishanuamar (HUF) Prahladrai |
|
217000 |
|
Anuj Arunkumar Chokhani |
|
232000 |
|
Sunil Kishankumar Chokhani |
|
280000 |
|
Ankit Arunkumar Chokhani |
|
112000 |
|
Ruchita Kishankumar Chokhani |
|
60 |
|
Shikha Sunilkumar Chokhani |
|
111000 |
|
Sunilkumar Chokhani HUF |
|
86000 |
|
Avika Chokhani |
|
15000 |
|
Shivansh Chokhani |
|
15000 |
|
Kuloday Packaging (India) Private Limited, India |
|
50000 |
|
Total |
|
2250000 |
As on 27.03.2015
|
Names of Allottee |
|
No. of Shares
Allotted |
|
Ankt Chokhani |
|
122000 |
|
Anuj Chokhai |
|
244600 |
|
Arun Kumar Chokhani HUF |
|
365500 |
|
Arun Kumar Chokhani |
|
379488 |
|
Manju Chokhani |
|
78400 |
|
Rashi Chokhani |
|
10000 |
|
Shikha Chokhani |
|
121000 |
|
Sunil Chokhani HUF |
|
96000 |
|
Krishna Kumar Chokhani HUF |
|
237000 |
|
Krishna Kumar Chokhani |
|
315428 |
|
Sunil Chokhani |
|
305000 |
|
Pushpadevi Chokhani |
|
95500 |
|
Kuloday Packaging Private Limited |
|
50000 |
|
Avika Chokhani |
|
15000 |
|
Geeta Chokhani |
|
12 |
|
Metaji Kulodki |
|
12 |
|
Ruchita Chokhani |
|
60 |
|
Shivansh Chokhani |
|
15000 |
|
Total |
|
2450000 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
2.22 |
|
Directors or relatives of Directors |
97.78 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Plastic Polythene Bags. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Plastic Polythene Bags. |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
|
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Advance Payment, Cheque and Credit (30 Days) |
|
|
|
|
Purchasing : |
Advance Payment, Cheque and Credit (30 Days) |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users
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No. of Employees : |
250 (Approximately) |
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Bankers : |
|
||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Banka and Banka Chartered Accountants |
|
Address : |
Shah Trade Center, 3rd Floor, Rani Sati Marg, Off Western Express
Highway, Malad (East), Mumbai – 400097, Maharashtra, India |
|
Tel. No.: |
91-22- 40984545 |
|
E-Mail : |
|
|
Website: |
|
|
PAN No.: |
AAAFB1145R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
|
|
Partnership
Concerns : |
|
|
|
|
|
Related Companies : |
Kuloday Packaging (India) Private Limited |
CAPITAL STRUCTURE
After 30.09.2014
Authorised Capital: Rs.50.000 Million
Issued, Subscribed & Paid-up Capital: Rs.49.000
Million
As on 31.03.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2250000 |
Equity Shares |
Rs.10/- each |
Rs.22.500 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2250000 |
Equity Shares |
Rs.10/- each |
Rs.22.500
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 |
22.500 |
22.500 |
17.500 |
|
(b) Reserves &
Surplus |
82.562 |
68.347 |
41.484 |
|
(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) |
105.062 |
90.847 |
58.984 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
99.362 |
106.757 |
93.071 |
|
(b) Deferred tax
liabilities (Net) |
10.513 |
9.466 |
6.104 |
|
(c) Other long term
liabilities |
16.576 |
15.006 |
13.663 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
126.451 |
131.229 |
112.838 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
107.565 |
134.711 |
86.052 |
|
(b) Trade payables |
110.975 |
88.238 |
65.621 |
|
(c) Other current
liabilities |
0.765 |
1.411 |
0.547 |
|
(d) Short-term provisions |
4.340 |
3.563 |
1.754 |
|
Total Current Liabilities
(4) |
223.645 |
227.923 |
153.974 |
|
|
|
|
|
|
TOTAL |
455.158 |
449.999 |
325.796 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
154.040 |
149.639 |
111.653 |
|
(ii) Intangible Assets |
0.035 |
0.035 |
0.035 |
|
(iii) Capital
work-in-progress |
0.000 |
0.786 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
2.119 |
1.219 |
0.500 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
2.196 |
3.088 |
|
(e) Other Non-current
assets |
1.152 |
5.515 |
4.649 |
|
Total Non-Current Assets |
157.346 |
159.390 |
119.925 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
125.445 |
77.081 |
71.048 |
|
(c) Trade receivables |
122.543 |
155.389 |
93.090 |
|
(d) Cash and cash
equivalents |
26.588 |
35.677 |
18.793 |
|
(e) Short-term loans and
advances |
23.236 |
22.462 |
22.940 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
297.812 |
290.609 |
205.871 |
|
|
|
|
|
|
TOTAL |
455.158 |
449.999 |
325.796 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
964.805 |
795.189 |
426.632 |
|
|
Other Income |
20.307 |
20.505 |
12.530 |
|
|
TOTAL |
985.112 |
815.694 |
439.162 |
|
|
|
|
|
|
|
Less |
EXPENSES |
928.683 |
767.667 |
402.989 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
56.429 |
48.027 |
36.173 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
20.771 |
20.569 |
19.909 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
35.658 |
27.458 |
16.264 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
14.573 |
10.579 |
7.582 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
21.085 |
16.879 |
8.682 |
|
|
|
|
|
|
|
Less |
TAX |
6.870 |
5.016 |
3.669 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
14.215 |
11.863 |
5.013 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
28.346 |
16.483 |
11.470 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
42.561 |
28.346 |
16.483 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
CIF Value of Exports |
444.696 |
507.440 |
330.469 |
|
|
TOTAL EARNINGS |
444.696 |
507.440 |
330.469 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Import on CIF Basis |
684.674 |
507.44 |
330.469 |
|
|
TOTAL IMPORTS |
684.674 |
507.440 |
330.469 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
6.31 |
5.27 |
2.22 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
960.000 |
Expected Sales (2015-16): Rs.1360.000 Million
The above information has been parted by Mr. Ankit Chokhani (Chief
Executive Officer).
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.47 |
1.49 |
1.18 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
5.85 |
6.04 |
8.48 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.65 |
3.77 |
2.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.19 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.97 |
2.66 |
3.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.33 |
1.28 |
1.34 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
17.500 |
22.500 |
22.500 |
|
Reserves & Surplus |
41.484 |
68.347 |
82.562 |
|
Net worth |
58.984 |
90.847 |
105.062 |
|
|
|
|
|
|
long-term borrowings |
93.071 |
106.757 |
99.362 |
|
Short term borrowings |
86.052 |
134.711 |
107.565 |
|
Total borrowings |
179.123 |
241.468 |
206.927 |
|
Debt/Equity ratio |
3.037 |
2.658 |
1.970 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
426.632 |
795.189 |
964.805 |
|
|
|
86.388 |
21.330 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
426.632 |
795.189 |
964.805 |
|
Profit |
5.013 |
11.863 |
14.215 |
|
|
1.18% |
1.49% |
1.47% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
---------------------- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
---------------------- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last four years |
Yes |
|
27 |
Reasons for variation <> 20% |
---------------------- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
---------------------- |
|
33 |
Market information |
---------------------- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Others Loan and
Advances |
|
|
|
Loans from Shareholders |
14.114 |
15.894 |
|
Loans from Relatives of Directors and Shareholders |
16.645 |
17.863 |
|
Total |
30.759 |
33.757 |
INDEX OF CHARGES
|
S. NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10316092 |
13/10/2011 |
20,000,000.00 |
BANK OF INDIA |
MALAD (WEST)
BRANCH, SWAMI VIVEKANAND ROAD, OPPOSITE |
B24707531 |
|
2 |
10214036 |
22/03/2010 |
20,000,000.00 |
BANK OF INDIA |
MALAD (WEST)
BRANCH, OPPOSITE NATARAJ MARKET, S V ROAD , MALAD (WEST), MUMBAI - 400064,
MAHARASHTRA, |
A84006790 |
|
3 |
10111398 |
15/04/2009 * |
44,875,000.00 |
BANK OF INDIA |
MALAD (WEST)
BRANCH, OPPOSITE NATARAJ MARKET, S V ROAD , MALAD (WEST), MUMBAI - 400064,
MAHARASHTRA, |
A61791133 |
|
4 |
10024333 |
01/12/2012 * |
266,300,000.00 |
BANK OF INDIA |
MALAD (WEST) BRANCH, SWAMI VIVEKANAND ROAD, OPPOSITE NATARAJ MARKET, MALAD (WEST), MUMBAI - 400064, MAHARASHTRA, INDIA |
B64432974 |
|
5 |
10024318 |
19/11/2012 * |
161,000,000.00 |
BANK OF INDIA |
MALAD (WEST) BRANCH, SWAMI VIVEKANAND ROAD, OPPOSITE NATARAJ MARKET, MALAD (WEST), MUMBAI - 400064, MAHARASHTRA, INDIA |
B64432404 |
|
6 |
10018408 |
27/04/2006 |
2,600,000.00 |
BANK OF INDIA |
MALAD (EAST) BRANCH, OFF RANI SATI MARG, NEAR OLD LEVEL CROSSING, MALAD (EAST), MUMBAI - 400064, MAHARASHTRA , INDIA |
A00960716 |
|
7 |
90154980 |
29/11/1995 |
3,947,000.00 |
BANK OF INDIA |
MALAD EAST BRANCH, MUMBAI - 400097, MAHARASHTRA, INDIA |
- |
|
8 |
90156223 |
26/02/2001 * |
3,947,000.00 |
BANK OF INDIA |
MALAD EAST BRANCH, MUMBAI - 400097, MAHARASHTRA, INDIA |
- |
|
9 |
80003342 |
27/04/2006 * |
2,600,000.00 |
BANK OF INDIA |
MALAD (EAST) BRANCH ,OFF RANI SATI MARG, NEAR OLD LEVEL CROSSING, MALAD (EAST), MUMBAI - 400064, MAHARASHTRA, INDIA |
- |
|
10 |
90156217 |
26/02/2001 * |
1,000,000.00 |
BANK OF INDIA |
MALAD EAST BRANCH, MUMBAI - 400097, MAHARASHTRA, INDIA |
- |
* Date of charge modification
FIXED ASSETS
· Land
· Building
· Plant and Machinery
· Electrification
· Computers
· Mobile Phone
· Motor Car
· Camera Cctv
· Office Furniture
· Office Equipment
· Weighing Machine
· Silo And Conveying System
·
Air Conditioner
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 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.65.22 |
|
|
1 |
Rs.102.23 |
|
Euro |
1 |
Rs.72.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
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 |
|
45 |
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.