MIRA INFORM REPORT
|
Report No. : |
353848 |
|
Report Date : |
12.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
K. AMISHKUMAR TRADING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
316, Loha Bhavan, P’D Mello Road, Mumbai – 400009, Maharashtra |
|
Tel. No.: |
91-22-25012000 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
03.02.2006 |
|
|
|
|
Com. Reg. No.: |
11-159467 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 50.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH2006PTC159467 |
|
|
|
|
IEC No.: |
0306002086 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMK15290C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCK7475J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Trader and Importer of Iron and Steel Products. [Confirmed by Management] |
|
|
|
|
No. of Employees
: |
30 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
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 |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having satisfactory track record. The rating on company reflects the promoter’s extensive industry
experience and position in the steel products market, supported by its strong
relationship with its suppliers and customers and above-average financial
risk profile. However, the company has reported marginal decline into its sale
turnover and profitability margin due to the vulnerability of the company’s
operating performance to volatility in foreign exchange (forex) rates and its
exposure to intense competition in the steel trading business. Trade relations are reported as fair. Business is active. Payment
terms are usually correct. In view of healthy financial risk profile and long business track
record, the company can be considered 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 – 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 |
CRISIL |
|
Rating |
Long term Bank facilities = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
February 2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term Bank facilities = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
February 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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Ms. Prachi |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-22-25012000 |
|
Date : |
08.12.2015 |
LOCATIONS
|
Registered Office : |
316, Loha Bhavan, P’D Mello Road, Mumbai – 400009, Maharashtra, India |
|
Tel. No.: |
91-22-23485228/ 23483701 |
|
Mobile No.: |
91-9820050272 [Mr. Ketan Pravinchandra Kamdar] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Sales Office : |
402, Platinum, 4th Floor, Near to BMC Office, Opposite Railway Station, Ghatkopar [East], Mumbai, Maharashtra, India |
|
Tel. No.: |
91-22-25012000 |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Warehouse 1 : |
Plot No. 845, Kalamboli Warehousing Complex, Village Kalamboli, Taluka
Panvel, District Raigad, Maharashtra, India |
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Warehouse 2 : |
Plot No. 70, Kalamboli Warehousing Complex, Village Kalamboli, Taluka
Panvel, District Raigad, Maharashtra, India |
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|
|
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Warehouse 3 : |
Plot No. 174, 175 and 176, Road No. 1, Bima Warehousing Complex,
Village Kalamboli, Taluka Panvel, District Raigad, Maharashtra, India |
|
|
|
|
Warehouse 4 : |
13/2, MIDC, Taloja Industrial Estate, Taloja, Navi Mumbai - 410218,
Maharashtra, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Pravinchandra Nagardas Kamdar |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
501/502, Gayatri Dham Derasar Lane, M.G. Road, Ghatkopar [East],
Mumbai – 400077, Maharashtra, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
14.03.1942 |
||||||||||||||||||||||||
|
Date of Appointment : |
03.02.2006 |
||||||||||||||||||||||||
|
PAN No.: |
AADPK0725D |
||||||||||||||||||||||||
|
DIN No.: |
00233012 |
||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mr. Ketan Pravinchandra Kamdar |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
501/502, Gayatri Dham Derasar Lane, M.G. Road, Ghatkopar [East],
Mumbai – 400077, Maharashtra, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
18.08.1971 |
||||||||||||||||||||||||
|
Date of Appointment : |
03.02.2006 |
||||||||||||||||||||||||
|
PAN No.: |
AABPK6092R |
||||||||||||||||||||||||
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DIN No.: |
00233109 |
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Other Directorship :
|
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|
||||||||||||||||||||||||
|
Name : |
Mrs. Hasumati Pravinchandra Kamdar |
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|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
501/502, Gayatri Dham Derasar Lane, M.G. Road, Ghatkopar [East],
Mumbai – 400077, Maharashtra, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
14.11.1948 |
||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2007 |
||||||||||||||||||||||||
|
PAN No.: |
AAGPK2748F |
||||||||||||||||||||||||
|
DIN No.: |
01538286 |
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|
|
|
||||||||||||||||||||||||
|
Name : |
Mrs. Tejal Ketan Kamdar |
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|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
501/502, Gayatri Dham Derasar Lane, M.G. Road, Ghatkopar [East],
Mumbai – 400077, Maharashtra, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
01.12.1975 |
||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2007 |
||||||||||||||||||||||||
|
PAN No.: |
AJMPK3031C |
||||||||||||||||||||||||
|
DIN No.: |
01538330 |
||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Ms. Prachi |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Pravinchandra Nagardas Kamdar |
|
2499950 |
|
Ketan Pravinchandra Kamdar |
|
2249950 |
|
Hasumati Pravinchandra Kamdar |
|
250050 |
|
Tejal Ketan Kamdar |
|
50 |
|
|
|
|
|
Total |
|
5000000 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Iron and Steel Products. [Confirmed by Management] |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
-- |
|
|
|
|
Imports : |
|
|
Products : |
Steel Products |
|
Countries : |
· China · Indonesia |
|
|
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|
Terms : |
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|
Selling : |
Cash, L/C and Credit [30 Days and 60 Days] |
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|
|
|
Purchasing : |
Cash, L/C and Credit [30 Days and 60 Days] |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers and End Users
|
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No. of Employees : |
30 (Approximately) |
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|
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Bankers : |
· The Saraswat Co-operative Bank Limited Fort Branch, Fort, Mumbai - 400001, Maharashtra, India · Corporation Bank Ghatkopar (West) Branch, Mumbai, Maharashtra, India |
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Facilities : |
|
||||||||||||||||||||||
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|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
J. D. Zatakia and Company Chartered Accountants |
|
Address : |
306, Rupa Plaza, Jawahar Road, Ghatkopar [East], Mumbai –
400077, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAPZ0084D |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associate : |
Prahans Infra - Projects Private Limited
[U45203MH2006PTC161497] |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 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 |
50.000 |
50.000 |
50.000 |
|
(b) Reserves & Surplus |
486.335 |
459.012 |
427.224 |
|
(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) |
536.335 |
509.012 |
477.224 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
372.913 |
424.615 |
397.711 |
|
(b) Deferred tax liabilities (Net) |
1.716 |
1.663 |
1.491 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.237 |
0.030 |
2.494 |
|
Total
Non-current Liabilities (3) |
374.866 |
426.308 |
401.696 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
203.462 |
33.475 |
72.887 |
|
(b)
Trade payables |
1328.352 |
1380.154 |
1594.363 |
|
(c)
Other current liabilities |
33.342 |
33.296 |
220.442 |
|
(d)
Short-term provisions |
0.000 |
0.000 |
0.076 |
|
Total
Current Liabilities (4) |
1565.156 |
1446.925 |
1887.768 |
|
|
|
|
|
|
TOTAL |
2476.357 |
2382.245 |
2766.688 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
77.976 |
79.779 |
79.028 |
|
(ii)
Intangible Assets |
0.000 |
0.007 |
0.019 |
|
(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 |
6.999 |
6.999 |
0.025 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
33.709 |
33.709 |
33.709 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
118.684 |
120.494 |
112.781 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
676.971 |
507.780 |
738.357 |
|
(c)
Trade receivables |
794.100 |
844.047 |
791.398 |
|
(d)
Cash and cash equivalents |
764.793 |
748.648 |
968.901 |
|
(e)
Short-term loans and advances |
76.246 |
116.950 |
120.201 |
|
(f)
Other current assets |
45.563 |
44.326 |
35.050 |
|
Total
Current Assets |
2357.673 |
2261.751 |
2653.907 |
|
|
|
|
|
|
TOTAL |
2476.357 |
2382.245 |
2766.688 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
4051.175 |
5351.562 |
6081.846 |
|
|
|
Other Income |
134.988 |
114.256 |
101.971 |
|
|
|
TOTAL (A) |
4186.163 |
5465.818 |
6183.817 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
4013.237 |
4842.563 |
5486.319 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(169.192) |
230.578 |
209.308 |
|
|
|
Employees benefits expense |
12.937 |
9.387 |
86.366 |
|
|
|
Other expenses |
190.785 |
229.070 |
182.750 |
|
|
|
TOTAL (B) |
4047.767 |
5311.598 |
5964.743 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
138.396 |
154.220 |
219.074 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
95.826 |
104.296 |
132.440 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
42.570 |
49.924 |
86.634 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.694 |
1.663 |
1.602 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
40.876 |
48.261 |
85.032 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
13.353 |
16.473 |
28.579 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
27.523 |
31.788 |
56.453 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.50 |
6.36 |
11.29 |
|
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 |
(25.641) |
(311.925) |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.68 |
0.59 |
0.93 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
3.42 |
2.88 |
3.60 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.66 |
2.03 |
3.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.09 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability /Networth) |
|
1.07 |
0.90 |
0.99 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.51 |
1.56 |
1.41 |
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 |
50.000 |
50.000 |
50.000 |
|
Reserves & Surplus |
427.224 |
459.012 |
486.335 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
477.224 |
509.012 |
536.335 |
|
|
|
|
|
|
Long-term borrowings |
397.711 |
424.615 |
372.913 |
|
Short term borrowings |
72.887 |
33.475 |
203.462 |
|
Total
borrowings |
470.598 |
458.090 |
576.375 |
|
Debt/Equity ratio |
0.986 |
0.900 |
1.075 |
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 |
6081.846 |
5351.562 |
4051.175 |
|
|
|
(12.008) |
(24.299) |
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 |
6081.846 |
5351.562 |
4051.175 |
|
Profit |
56.453 |
31.788 |
27.523 |
|
|
0.93% |
0.59% |
0.68% |
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 |
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 |
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) |
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 three years |
Yes |
|
27 |
Reasons for variation <> 20% |
No |
|
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 |
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10562867 |
16/02/2015 |
500,000,000.00 |
YES BANK LIMITED |
YES BANK TOWER, IFC
2,, 25TH FLOOR, ELPHISTONE (W), SENAPATI BAPAT MARG,, MUMBAI, MAHARASHTRA -
400013, INDIA |
C50610641 |
|
2 |
10562866 |
14/02/2015 |
500,000,000.00 |
YES BANK LIMITED |
YES BANK TOWER, IFC
2, 25TH FLOOR, ELPHISTONE (W), SENAPATI BAPAT MARG, MUMBAI, MAHARASHTRA -
400013, INDIA |
C50610336 |
|
3 |
10186049 |
27/04/2012 * |
3,880,000,000.00 |
BANK OF BARODA |
CORPORATE FINANCIAL
SERVICES BR.,10/12,4TH, FLOOR, MUMBAI SAMACHAR MARG, FORT, MUMBAI,
MAHARASHTRA - 400023, INDIA |
B39556378 |
|
4 |
10150447 |
30/10/2007 |
845,000,000.00 |
THE BANK OF BARODA
LIMITED |
CORPORATE
FINANCIAL SERVICE BRANCH, FORT, MUMBAI, |
A26964668 |
|
5 |
10089662 |
25/04/2008 * |
1,100,000,000.00 |
BANK OF BARODA |
CORPORATE
FINANCIAL SERVICE BRANCH, FORT, MUMBAI, |
A42304824 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from directors |
167.134 |
234.134 |
|
Loans and advances from others |
4.202 |
8.612 |
|
Other loans and advances |
201.577 |
181.869 |
|
|
|
|
|
Total |
372.913 |
424.615 |
FINANCIALS:
This was the year of consolidation and impact of global
recession as well as high fluctuation in currency market, however, the profit after
tax of Rs. 27.523 Million at the end of financial year in spite of several
negative factor. This shows the strength of the business, strong principals and
team work. The Directors also foresee some more impact of global recession for
next couple of financial year and for this, the directors have decided to focus
on their core area of business and to motivate team to do well in coming tough
times.
PERFORMANCE DURING
THE CURRENT YEAR:
The last financial year was a year of much fluctuation in
various markets, including currency market, which affects import and export of
goods and materials. The directors were of the view that the last financial
year was very challenging and expecting further challenge in the forthcoming
financial years due to global recession and impact thereof. However, in spite
of such a situation, the Board expresses their satisfaction of profitability
achieved by the Company and strict discipline observed by the team members to
maintain the profitability of the Company.
FIXED ASSETS:
· Land
· Buildings
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Office equipment
· Computer equipments
· Other equipments
· 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. 66.79 |
|
|
1 |
Rs. 101.10 |
|
Euro |
1 |
Rs. 73.10 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
BVA |
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 |
5 |
|
--PROFITABILIRY |
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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.