MIRA INFORM REPORT
|
Report No. : |
310353 |
|
Report Date : |
28.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
KIRBY BUILDING SYSTEMS INDIA (UTTARANCHAL) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.2, Sector 11, Integrated Industrial Estates, Sidcul, Haridwar – 249403, Uttarakhand |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2013 |
|
|
|
|
Date of
Incorporation : |
02.02.2005 |
|
|
|
|
Com. Reg. No.: |
20-029472 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.187.299 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200UR2005PTC029472 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCK5926G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Construction of Pre-engineered Steel Building System.
|
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limits : |
USD 4920000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. There seems some dip in the turnover and profit of the company during
December 2013 however net worth of the company is satisfactory. General
financial position of the company is good. Trade relations are reported as fair. Business is active. Payments
terms are reported to be 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.
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 |
CARE |
|
Rating |
Long term bank facilities A |
|
Rating Explanation |
Adequate degree of safety. It carry low credit risk. |
|
Date |
July 30, 2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities A1 |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
July 30, 2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. Naveen Bansal |
|
Designation : |
Finance Bansal |
|
Contact No.: |
91-8392922998 |
LOCATIONS
|
Registered Office / Factory : |
Plot No.2, Sector 11, Integrated Industrial Estates,
Sidcul, Haridwar – 249403, Uttarakhand, India |
|
Tel. No.: |
91-1334-235317 / 235318 / 235319 |
|
Fax No.: |
91-1334-235314 / 235397 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 30.06.2014
|
Name : |
Mr. Samir Mamdouh Kasem |
|
Designation : |
Director |
|
Address : |
Anjaf, Block 13, Building 14, Unit 19, Post Box 223, Safat, Kuwait |
|
Date of Birth/Age : |
19.08.1958 |
|
Date of Appointment : |
30.06.2010 |
|
DIN No.: |
02332484 |
|
|
|
|
Name : |
Aselia Kupueva |
|
Designation : |
Director |
|
Address : |
Building No. 27, Plot No. 63, Street No. 5, Block 3, Salmya, Kuwait. |
|
Date of Birth/Age : |
16.12.1976 |
|
Date of Appointment : |
30.06.2011 |
|
DIN No.: |
03100602 |
|
|
|
|
Name : |
Mr. Swinder Pal Singh |
|
Designation : |
Director |
|
Address : |
Plot No. 2, Sector 11, Sidcum, Haridwar – 249403, Uttarakhand, India |
|
Date of Birth/Age : |
12.11.1968 |
|
Qualification : |
B.E. (Mechanical) |
|
Experiences : |
23 Years |
|
Date of Appointment : |
16.01.2011 |
|
PAN No.: |
AFQPS9597F |
|
DIN No.: |
03372287 |
|
|
|
|
Name : |
Mr. Deepak Vishnu Kewalramani
|
|
Designation : |
Director |
|
Address : |
Flat No. 105, Prithvi Block Myhome Navadeepa Madhapur Vill. Hitech
City, Hyderabad - 560081, Andhra Pradesh |
|
Date of Birth/Age : |
21.05.1971 |
|
Qualification : |
ACA |
|
Experiences : |
20 Years |
|
Date of Appointment : |
28.06.2013 |
|
Date of Cessation : |
01.08.2014 |
|
PAN No.: |
AADPK1136E |
|
DIN No.: |
05325703 |
|
|
|
|
Name : |
Mr. Venkata Mohan Pagadala |
|
Designation : |
Director |
|
Address : |
H. No. 8-3-224 / 9 / 7 / B, H. 46, Madhura Nagar Pratibha High School,
Hyderabad – 500038, Andhra Pradesh, India |
|
Date of Birth/Age : |
27.05.1966 |
|
Qualification : |
B.E. (Production); MBA; PGDMM |
|
Experiences : |
26 Years |
|
Date of Appointment : |
28.06.2013 |
|
DIN No.: |
05286767 |
|
|
|
|
Name : |
Kokku Swarnamegha Shyam |
|
Designation : |
Director |
|
Address : |
No. 102, Usha Kiran Apartments, 25, Haudin Road Ulsoor, Bangalore –
560042, Karnataka, India |
|
Date of Birth/Age : |
01.06.1961 |
|
Date of Appointment : |
28.06.2013 |
|
DIN No.: |
05309334 |
KEY EXECUTIVES
|
Name : |
Mr. Praveen Kumar Pandey |
|
Designation : |
Secretary |
|
Address : |
Village Vishunpura, P.O Dolchhapara, Deoria – 274509, Uttar
Pradesh, India |
|
Date of Birth/Age : |
08.10.1975 |
|
Date of Appointment : |
12.12.2011 |
|
PAN No.: |
BAVPP2264B |
|
|
|
|
Name : |
Mr. Naveen Bansal |
|
Designation : |
Finance Bansal |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.06.2014
|
Names of Shareholders |
No. of Shares |
|
Alghanim Industries (Mauritius) Limited, Kuwait |
18729780 |
|
Kirby Building Systems, Kuwait |
100 |
|
|
|
|
Total |
18729880 |
As on 30.06.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20310353%2028-Feb-2015_files/image013.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Construction of Pre-engineered Steel Building System. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – NOT
AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
S .R. Batliboi and Associates LLP Chartered Accountants |
|
Address : |
Oval Office 18, Ilabs Centre Hitech City, Madhapur, Hyderabad, Andhra Pradesh, India |
|
PAN
No. : |
ACHFS9118A |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Fellow Subsidiary
company : |
v Rock Wool (India) Limited v Kirby Building Systems India Limited v
Kirby South East Asia |
|
|
|
|
Holding company : |
v Alghanim Industries (Mauritius) Limited |
CAPITAL STRUCTURE
As on 31.12.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18729880 |
Equity Shares |
Rs.10/- each |
Rs.187.299 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
187.299 |
187.299 |
192.599 |
|
(b) Reserves & Surplus |
1534.199 |
1298.135 |
1070.871 |
|
(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) |
1721.498 |
1485.434 |
1263.470 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
70.878 |
101.570 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
18.562 |
20.021 |
9.185 |
|
(d) long-term
provisions |
21.932 |
20.845 |
37.201 |
|
Total Non-current
Liabilities (3) |
111.372 |
142.436 |
46.386 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
7.055 |
2.209 |
17.764 |
|
(b) Trade
payables |
701.957 |
1270.413 |
1095.393 |
|
(c) Other
current liabilities |
604.303 |
702.557 |
659.736 |
|
(d) Short-term
provisions |
61.233 |
102.407 |
54.634 |
|
Total Current
Liabilities (4) |
1374.548 |
2077.586 |
1827.527 |
|
|
|
|
|
|
TOTAL |
3207.418 |
3705.456 |
3137.383 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
613.161 |
472.910 |
387.361 |
|
(ii)
Intangible Assets |
0.062 |
4.304 |
12.843 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
63.216 |
|
(iv)
Intangible assets under development |
13.444 |
2.268 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
66.332 |
55.878 |
38.815 |
|
(d) Long-term Loan and Advances |
101.112 |
286.074 |
151.196 |
|
(e) Other
Non-current assets |
32.158 |
30.475 |
36.729 |
|
Total Non-Current
Assets |
826.269 |
851.909 |
690.160 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
673.168 |
923.046 |
828.980 |
|
(c) Trade
receivables |
349.267 |
507.954 |
307.966 |
|
(d) Cash
and cash equivalents |
851.964 |
674.366 |
359.303 |
|
(e)
Short-term loans and advances |
128.114 |
249.815 |
482.180 |
|
(f) Other
current assets |
378.636 |
498.366 |
468.794 |
|
Total
Current Assets |
2381.149 |
2853.547 |
2447.223 |
|
|
|
|
|
|
TOTAL |
3207.418 |
3705.456 |
3137.383 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
5011.200 |
6151.900 |
5616.100 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
429.400 |
539.100 |
613.100 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
51.800 |
60.000 |
57.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
377.600 |
479.100 |
555.200 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
65.700 |
73.600 |
64.200 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
311.900 |
405.500 |
491.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
73.200 |
93.400 |
38.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
238.700 |
312.100 |
452.200 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1264.300 |
1039.700 |
587.500 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to Capital Reserve |
0.000 |
5.300 |
0.000 |
|
|
|
Amount utillised in buy back of equity
shares |
0.000 |
82.000 |
0.000 |
|
|
|
Tax on Dividend |
0.000 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
1503.000 |
1264.500 |
1039.700 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
11.986 |
3.788 |
42.799 |
|
|
|
Stores & Spares |
23.488 |
34.743 |
21.478 |
|
|
|
Accessories |
45.745 |
40.625 |
34.925 |
|
|
TOTAL IMPORTS |
81.219 |
79.156 |
99.202 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
12.75 |
16.55 |
23.48 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
4.76 |
5.07 |
8.05 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/ Sales) |
(%) |
8.57 |
8.76 |
10.92 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.97 |
11.12 |
16.18 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18 |
0.27 |
0.39 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.05 |
0.07 |
0.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.73 |
1.37 |
1.34 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
192.599 |
187.299 |
187.299 |
|
Reserves & Surplus |
1070.871 |
1298.135 |
1534.199 |
|
Net worth |
1263.470 |
1485.434 |
1721.498 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
101.570 |
70.878 |
|
Short term borrowings |
17.764 |
2.209 |
7.055 |
|
Total borrowings |
17.764 |
103.779 |
77.933 |
|
Debt/Equity ratio |
0.014 |
0.070 |
0.045 |
%20PRIVATE%20LIMITED%20-%20310353%2028-Feb-2015_files/image015.gif)
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Income |
5616.100 |
6151.900 |
5011.200 |
|
|
|
9.540 |
(18.542) |
%20PRIVATE%20LIMITED%20-%20310353%2028-Feb-2015_files/image017.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Income |
5616.100 |
6151.900 |
5011.200 |
|
Profit |
452.200 |
312.100 |
238.700 |
|
|
8.05% |
5.07% |
4.76% |
%20PRIVATE%20LIMITED%20-%20310353%2028-Feb-2015_files/image019.gif)
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
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 |
10354307 |
13/03/2013 * |
120,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMI |
6-3-1107 & 1108, RAJ BHAVAN, SOMAJIGUDA,
HYDERABA |
B71740534 |
|
2 |
10311856 |
13/03/2013 * |
230,000,000.00 |
THE HONG KONG SHANGHAI BANKING CORPORATION LTD |
6-3-1107 & 1108, RAJ BHAVAN, SOMAJIGUDA,
HYDERABA |
B71740211 |
|
3 |
10128884 |
13/03/2013 * |
1,190,000,000.00 |
3I INFOTECH TRUSTEESHIP SERVICES LIMITED |
3RD TO 6TH FLOOR, INTERNATIONAL INFOTECH PARK,, T |
B72987399 |
|
4 |
10052386 |
11/03/2010 * |
1,090,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJ |
A84584838 |
|
5 |
80008758 |
13/03/2013 * |
650,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, MID CORPORATE GROUP, BANK STRE |
B71325393 |
|
6 |
80011056 |
21/08/2014 * |
1,340,000,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING BRANCH, NO.6-3-879/B, G. PULLAR |
C28586477 |
* Date of charge modification
PERFORMANCE:
The Company has achieved a gross turnover of Rs. 4924.900 million, during the year ending 31.12.2013 as against the gross turnover of Rs. 6095.100 million. During the previous year ending 31.12.2012. As against the profit of Rs. 312.100 million. During the previous year (YE 31.12.2012), the Company earned a profit of Rs. 238.700 million. During the current year (YE 31.12.2013). Turnover and profitability for the year 2013 reduced due to continued sluggishness in economy and particularly in manufacturing and capital goods sectors and postponement of capex by Industrial and Infrastructure sectors in view of General elections 2014.
FINANCE:
The Company has honored all its financial commitments on the respective due dates and maintained cordial relationship with the financial institutions and banks.
FIXED ASSETS
œ Land
œ Buildings
œ Plant and Equipment
œ Furniture and Fixtures
œ Vehicles
œ Office Equipment
œ Computer 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 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.61.29 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.69.29 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.