MIRA INFORM REPORT
|
Report No. : |
334665 |
|
Report Date : |
28.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
KDA ISPAT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1-8-206,
2nd Floor, Masetty Plaza, Secunderabad – 500 003, Telangana |
|
Tel. No.: |
91-40-27711158 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
28.06.2006 |
|
|
|
|
Com. Reg. No.: |
36-050482 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.12.228
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27310TG2006PTC050482 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject promote run install takeover or set-up mini steel plants, integrated
steel plants, composite steel plants, hot rolling steel mills, cold rolling
mills, blooms, and billet mills, steel furnaces, rolling mills, including
furnaces for the manufacturing, producing, converting, extracting, treating
or processing of all types, grades, and sizes of steels, stainless steels,
special steels, high speed steels, die steels, electrical steels, forging
steels, alloy steels, etc. |
|
|
|
|
No. of Employees
: |
Information declined by the Management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
It is an
established company incorporated during the year 2006 having a moderate track
record. The rating
reflects company’s moderate financial risk profile marked by continuous
losses incurred by the company from its two years of operational activities
and huge borrowings recorded. However, trade
relations are reported as fair. Business is active. Payment terms are
reported to be slow but correct. The company can be
considered for business dealings with some 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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 DECLINED
Management non-cooperative
(Tel. No.: 91-40-66336463)
(91-40-27711158 – continuously ringing)
LOCATIONS
|
Registered Office : |
1-8-206,
2nd Floor, Masetty Plaza, Secunderabad – 500 003, Telangana, India
|
|
Tel. No.: |
91-40-66336463/ 27711158 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Pawan Kumar Agarwal |
|
Designation : |
Director |
|
Address : |
Plot
No.8 and 9, Radhaswamy Co-Operative Society, Sikh Village, Secunderabad – 500
009, Telangana, India |
|
Date of Birth/Age : |
06.11.1973 |
|
Date of Appointment : |
28.06.2006 |
|
DIN No.: |
01874249 |
|
PAN No.: |
ACYPA3198H |
|
E-Mail : |
|
|
Other
Directorship : |
|
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of the
Director/ Designated Partner |
Date of appointment at
current designation |
Original date of
appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U45200TG1996PLC024428 |
SPLENDEUR PROJECTS
LIMITED |
Director |
04/10/2005 |
04/10/2005 |
24/06/2011 |
Active |
NO |
|
2 |
U27310TG2006PTC050482 |
KDA ISPAT PRIVATE LIMITED |
Director |
28/06/2006 |
28/06/2006 |
- |
Active |
NO |
|
3 |
U27310TG2011PTC075441 |
LONGWARE ALLOYS PRIVATE
LIMITED |
Director |
11/07/2011 |
11/07/2011 |
06/08/2012 |
Active |
NO |
|
Name : |
Mr.
Susheel Kumar Agarwal |
|
Designation : |
Director |
|
Address : |
Plot
No.8 and 9, Radhaswamy Co-operative Society, Sikh Village, Secunderabad – 500
009, Telangana, India |
|
Date of Birth/Age : |
16.07.1977 |
|
Date of Appointment : |
28.06.2006 |
|
DIN No.: |
01874255 |
|
PAN No.: |
ACLPA3299G |
|
Other
Directorship : |
|
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of
the Director/ Designated Partner |
Date of appointment at current
designation |
Original date of
appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U27310TG2006PTC050482 |
KDA ISPAT PRIVATE LIMITED |
Director |
28/06/2006 |
28/06/2006 |
- |
Active |
NO |
|
2 |
U51909WB1991PTC051923 |
TULSI MERCANTILE COMPANY
PRIVATE LIMITED |
Director |
24/02/2007 |
24/02/2007 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Pawan Kumar Agarwal |
25000 |
2.04 |
|
Susheel
Kumar Agarwal |
125000 |
10.22 |
|
Vandana
Agarwal |
100000 |
8.18 |
|
Tulsi Mercantile Company Private Limited, India |
515000 |
42.12 |
|
Sarita Agarwal |
20000 |
1.64 |
|
Accentia Technologies Limited, India |
75000 |
6.13 |
|
Astik Suppliers Private Limited, India |
70000 |
5.72 |
|
Aishwarya Tie-up Private Limited, India |
9500 |
0.78 |
|
Shruti Tibrewala – Proprietor Sri Durga Metals, India |
200000 |
16.36 |
|
Pradeep Kumar Tamanna |
83334 |
6.81 |
|
Total |
1222834 |
100.00 |
AS ON 31.03.2015
|
Names of Allottees |
|
No. of Shares |
|
Pawan Kumar Agarwal |
|
250000 |
|
Susheel
Kumar Agarwal |
|
250000 |
|
Vandana
Agarwal |
|
375000 |
|
Sudhir Kumar Agarwal |
|
62500 |
|
Abhishek Agarwal
|
|
62500 |
|
Total |
|
1000000 |
AS ON 30.09.2014
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
54.75 |
|
Directors
or relatives of directors |
|
22.08 |
|
Other
top fifty shareholders |
|
23.17 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject promote run install takeover or set-up mini steel plants, integrated
steel plants, composite steel plants, hot rolling steel mills, cold rolling
mills, blooms, and billet mills, steel furnaces, rolling mills, including
furnaces for the manufacturing, producing, converting, extracting, treating
or processing of all types, grades, and sizes of steels, stainless steels,
special steels, high speed steels, die steels, electrical steels, forging
steels, alloy steels, etc. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the Management. |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
Kotak Mahindra Bank Limited |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Badal Jain Chartered Accountants |
|
Address : |
202, Hemnidhi Apartments, 42, D.V. Colony, Minister Road, Secunderabad
– 500 003, Telangana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ACVPJ2983J |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Other Related Parties (As on 31.03.2013) : |
Neha Steels |
CAPITAL STRUCTURE
AFTER 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs.25.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2222834 |
Equity Shares |
Rs.10/- each |
Rs.22.228
million |
|
|
|
|
|
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1222834 |
Equity Shares |
Rs.10/- each |
Rs.12.228
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 |
12.228 |
11.395 |
9.395 |
|
(b) Reserves &
Surplus |
53.006 |
56.320 |
48.339 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
10.223 |
3.151 |
|
Total Shareholders’ Funds
(1) + (2) |
65.234 |
77.938 |
60.885 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
45.495 |
56.781 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
4.575 |
3.593 |
1.704 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities
(3) |
50.070 |
60.374 |
1.704 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
145.354 |
61.181 |
34.490 |
|
(b) Trade payables |
(0.819) |
0.496 |
0.000 |
|
(c) Other current
liabilities |
0.120 |
0.120 |
0.120 |
|
(d) Short-term provisions |
0.011 |
0.011 |
1.424 |
|
Total Current Liabilities
(4) |
144.666 |
61.808 |
36.034 |
|
|
|
|
|
|
TOTAL |
259.970 |
200.120 |
98.623 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
102.998 |
107.977 |
55.998 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
21.081 |
15.548 |
10.060 |
|
(e) Other Non-current
assets |
26.514 |
1.927 |
0.501 |
|
Total Non-Current Assets |
150.593 |
125.452 |
66.559 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
54.340 |
37.093 |
13.224 |
|
(c) Trade receivables |
49.719 |
31.873 |
13.645 |
|
(d) Cash and cash
equivalents |
1.026 |
0.312 |
0.334 |
|
(e) Short-term loans and
advances |
2.167 |
5.390 |
4.861 |
|
(f) Other current assets |
2.125 |
0.000 |
0.000 |
|
Total Current Assets |
109.377 |
74.668 |
32.064 |
|
|
|
|
|
|
TOTAL |
259.970 |
200.120 |
98.623 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operaitons |
884.924 |
351.348 |
395.835 |
|
|
|
Other Income |
1.634 |
0.462 |
0.926 |
|
|
|
TOTAL |
886.558 |
351.810 |
396.761 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
868.887 |
340.793 |
383.067 |
|
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
17.671 |
11.017 |
13.694 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
10.807 |
3.468 |
2.938 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
6.864 |
7.549 |
10.756 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
13.363 |
7.416 |
6.469 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(6.499) |
0.133 |
4.287 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.982 |
1.888 |
1.292 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(7.481) |
(1.755) |
2.995 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(6.12) |
(1.54) |
NA |
|
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 |
(6.677) |
NA |
|
Net cash from operating activities |
NA |
(6.677) |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(0.85) |
(0.50) |
0.76 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
2.00 |
3.14 |
3.46 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(2.50) |
0.07 |
4.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.10) |
0.00 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.93 |
1.51 |
0.57 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.76 |
1.21 |
0.89 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs. In Million |
Rs. In Million |
Rs. In Million |
|
Share Capital |
9.395 |
11.395 |
12.228 |
|
Reserves & Surplus |
48.339 |
56.320 |
53.006 |
|
Share Application money
pending allotment |
3.151 |
10.223 |
0.000 |
|
Net worth |
60.885 |
77.938 |
65.234 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
56.781 |
45.495 |
|
Short term borrowings |
34.490 |
61.181 |
145.354 |
|
Total borrowings |
34.490 |
117.962 |
190.849 |
|
Debt/Equity ratio |
0.566 |
1.514 |
2.926 |
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 |
|
Revenue from operations |
395.835 |
351.348 |
884.924 |
|
|
|
(11.239) |
151.865 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs. In Million |
Rs. In Million |
Rs. In Million |
|
Revenue from operations |
395.835 |
351.348 |
884.924 |
|
Profit |
2.995 |
(1.755) |
(7.481) |
|
|
0.76% |
(0.50%) |
(0.85%) |
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 |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
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) |
No |
|
16 |
No. of employees |
No |
|
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 three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE:
The registered office of the company has been
shifted from 2-2-105 to 108, A-11, Ganesh Chambers, Near Ranigung Cross Roads,
Secunderabad – 500 003, Andhra Pradesh to the
present address w.e.f. 01.10.2008.
INDEX
OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10423405 |
05/11/2013 * |
50,000,000.00 |
CITY UNION BANK LIMITED |
# 295, 1ST FLOOR,
WHITEFIELD MAIN ROAD, OPPOSITE MAYURA BAKERY, WHITEFIELD, BANGALORE,
KARNATAKA - 560066, INDIA |
B90762733 |
|
2 |
10404884 |
24/01/2013 |
35,000,000.00 |
CITY UNION BANK LIMITED |
SECUNDERABAD BRANCH,
5-4-94, LALA LAND MARK, M.G. ROAD, RANIGUNJ, SECUNDERABAD, ANDHRA
PRADESH - 500003, INDIA |
B68686278 |
|
3 |
10361898 |
21/06/2012 |
2,749,900.00 |
Axis Bank Limited |
ASC CENTER, 3RD
FLOOR,5-2-183/184, RP ROAD, HYDERABAD, ANDHRA PRADESH - 500003, INDIA |
B42150334 |
|
4 |
10120693 |
09/02/2013 * |
105,500,000.00 |
AXIS BANK LIMITED |
RASHTRA PATHI ROAD
BRANCH, SECUNDERABAD, HYDERABAD, ANDHRA PRADESH - 500003, INDIA |
B68753383 |
* Date of charge modification
FIXED ASSETS:
·
Car
·
Air Pollution Equipment
·
Building
·
Electrical Fittings
·
Factory Land
·
Flat at Begumpet
·
Guest House
·
Land
·
Land at Bhongir
·
Plant and Machinery
·
Scooter
·
Shed
·
C.I. Mould
·
Flat at Sind Colony
·
Air Pollution
Equipment-New
·
Rolls
·
Car Volvo
·
Loader
·
Crane
·
Plant and Machinery-New
·
Electrical
Installation-New
·
Furnace
·
Shed-New
·
EOT Cranes
·
Weigh Bridge
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.66.06 |
|
UK Pound |
1 |
Rs.102.35 |
|
Euro |
1 |
Rs.74.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.