MIRA INFORM REPORT
|
Report No. : |
302994 |
|
Report Date : |
16.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
K K NAG LIMITED (w.e.f.13.07.1965) |
|
|
|
|
Formerly Known
As : |
K K NAG PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
15, Sangam Project, Phase II, Sangam Bridge, 46 Dr.
Ambedkar Road, Pune - 411001, Maharashtra |
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|
Country : |
India |
|
|
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|
Financials (as
on) : |
31.03.2014 |
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|
Date of
Incorporation : |
13.07.1965 |
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|
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Com. Reg. No.: |
25-013267 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 8.470
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209MH1965PLC013267 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEK00493D |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
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|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
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|
Line of Business
: |
Manufacture of Expanded Polystyrene (EPS), moulded
packaging and components and trading of evaporative air coolers and parts
thereof. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The rating is constrained on account of company’s operational risk profile
and thin profitability margins of the company. However, trade relations are fair. Business is active. Payments are
reported to be sow but correct. The company can be considered for business dealing 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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: BB- |
|
Rating Explanation |
Inadequate credit quality and high credit risk. |
|
Date |
17.11.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
17.11.2014 |
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.
LOCATIONS
|
Registered / Corporate / Sales Office: |
15, Sangam Project, Phase II, Sangam Bridge, 46 Dr.
Ambedkar Road, Pune - 411001, Maharashtra, India |
|
Tel. No.: |
91-20-30269650 |
|
Fax No.: |
91-20-30269651 |
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E-Mail : |
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|
Website : |
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Pune Manufacturing
– Urse (Talegaon): |
Gat No. 393, At Post Urse, Taluka Maval, Pune - 410506, Maharashtra,
India |
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Tel. No.: |
91-2114-237081/ 82/ 83/ 237481/ 85 |
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Fax No.: |
91-2114-237084 |
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E-Mail : |
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|
Pune Manufacturing
- Ranjangaon: |
Plot No. E - 86, Ranjangaon Industrial Area, Village Karegaon,
Taluka Shirur, District Pune - 412208, Maharashtra, India |
|
Tel. No.: |
91-2138-288276/ 232731 |
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Fax No.: |
91-2138-237084 |
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E-Mail : |
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|
Bangalore Sales Office
/ Bangalore Manufacturing: |
Survey No. 182/1, Anekal To Attibelel Road, Bidragere Grama, Kasaba
Hobli, Bestamanahalli Post, Anekal, Bangalore - 562106, Karnataka, India |
|
Tel. No.: |
91-80-27841639 |
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Fax No.: |
91-80-27841638 |
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E-Mail : |
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|
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|
Puducherry Sales
Office and Manufacturing : |
84/1, |
|
Tel. No.: |
91-413-2699970/ 2699971/ 3243125 |
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Fax No.: |
91-413-2699785 |
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E-Mail : |
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|
Chennai Sales
Office / Chennai Manufacturing - Thiruvallur : |
Survey No. 490/2A and 2B, Vengathur Village, Kilnallathur-Vengathur
Thandupattai Road, Thiruvallur - 602002, Tamilnadu, India |
|
Tel. No.: |
91-44-27640554 |
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Fax No.: |
91-44-27640554 |
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E-Mail : |
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|
Engineering Support Division/ Rotomoulding Division/ Rural Development
Cell : |
Shembekar Industrial Compound, Chinchwad, Pune - 411019, Maharashtra, India |
|
Tel. No.: |
91-20-65104554/ 27461440/ 27440245 |
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Fax No.: |
91-20-30269651 |
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E-Mail : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Milon Kalyankumar Nag |
|
Designation : |
Managing director |
|
Address : |
“Barodi”, 3, Boat Club Road, Pune - 411001, Maharashtra, India |
|
Date of Birth/Age : |
06.07.1962 |
|
Date of Appointment : |
01.11.1986 |
|
DIN No.: |
00267622 |
|
PAN No.: |
AAHPN3750D |
|
|
|
|
Name : |
Mr. Ayyappankave Venkateshwaran Ramanathan |
|
Designation : |
Director |
|
Address : |
A/3/22, Agrasen Co-Operative Housing Society, 8, Koregaon Park, Pune – 411001, Maharashtra, India |
|
Date of Birth/Age : |
15.03.1939 |
|
Date of Appointment : |
02.10.1978 |
|
DIN No.: |
01489659 |
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|
|
|
Name : |
Shona Milon Nag |
|
Designation : |
Additional Director |
|
Address : |
“Barodi”, 3, Boat Club Road, Pune - 411001, Maharashtra, India |
|
Date of Birth/Age : |
03.04.1963 |
|
Date of Appointment : |
06.09.2013 |
|
DIN No. : |
06682807 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Milon Nag J/W Mitali Nag |
|
28230 |
|
Milon Nag J/W Shona Nag |
|
28231 |
|
Milon Nag J/W Crishna Nag |
|
28230 |
|
Mitali Nag J/W Milon Nag |
|
1 |
|
Joya Sabberwal J/W Milon Nag |
|
8 |
|
Crishna Nag J/W Milon Nag |
|
1 |
|
Shona Nag J/W Milon Nag |
|
1 |
|
Shona Nag J/W Mitali Nag |
|
1 |
|
Shona Nag J/W Crishna Nag |
|
1 |
|
Total |
|
84704 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture of Expanded Polystyrene (EPS), moulded
packaging and components and trading of evaporative air coolers and parts
thereof. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
· State Bank of India Industrial Finance Branch Pimpri Old Pune Mumbai Highway, Kasarwadi Near Kalasagar, Kasarwadi Pimpri, Pune - 411018, Maharashtra, India |
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Facilities : |
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Banking Relations
: |
-- |
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Auditors : |
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|
Name : |
Delloite Haskins and Sells Chartered Accountants |
|
Address : |
706, B Wing, 7th Floor, ICC Trade Tower, Senapati Bapat
Road, Pune – 411016, Maharashtra, India |
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Tel. No.: |
91-20-66244600 |
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Fax No.: |
91-20-66244605 |
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Income-tax
PAN of auditor or auditor's firm : |
AAAFS7376P |
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Memberships : |
-- |
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Collaborators : |
-- |
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|
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Associates/Subsidiaries : |
NIL |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs.100/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
84,704 |
Equity Shares |
Rs.100/- each |
Rs. 8.470 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
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 |
8.470 |
8.470 |
8.470 |
|
(b) Reserves & Surplus |
64.239 |
63.563 |
52.299 |
|
(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) |
72.709 |
72.033 |
60.769 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
20.956 |
9.673 |
23.641 |
|
(b) Deferred tax liabilities (Net) |
8.137 |
10.312 |
5.222 |
|
(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) |
29.093 |
19.985 |
28.863 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
55.343 |
47.684 |
73.239 |
|
(b) Trade payables |
274.475 |
259.975 |
219.407 |
|
(c) Other current liabilities |
32.925 |
35.554 |
29.409 |
|
(d) Short-term provisions |
1.751 |
4.786 |
0.000 |
|
Total
Current Liabilities (4) |
364.494 |
347.999 |
322.055 |
|
|
|
|
|
|
TOTAL |
466.296 |
440.017 |
411.687 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
133.588 |
143.076 |
152.053 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
17.760 |
4.835 |
6.303 |
|
(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 |
12.412 |
10.881 |
10.721 |
|
(e) Other Non-current assets |
2.975 |
2.033 |
4.685 |
|
Total
Non-Current Assets |
166.735 |
160.825 |
173.762 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
88.735 |
81.556 |
76.601 |
|
(c) Trade receivables |
183.193 |
174.800 |
146.097 |
|
(d) Cash and cash equivalents |
13.550 |
7.760 |
6.166 |
|
(e) Short-term loans and
advances |
13.187 |
11.504 |
6.916 |
|
(f) Other current assets |
0.896 |
3.572 |
2.145 |
|
Total
Current Assets |
299.561 |
279.192 |
237.925 |
|
|
|
|
|
|
TOTAL |
466.296 |
440.017 |
411.687 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1144.779 |
959.092 |
818.053 |
|
|
Other Income |
9.274 |
5.399 |
5.720 |
|
|
TOTAL
(A) |
1154.053 |
964.491 |
823.773 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
645.691 |
494.584 |
400.876 |
|
|
Purchases of Stock-in-Trade |
23.260 |
21.458 |
26.413 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(2.214) |
0.442 |
(4.628) |
|
|
Employees benefits expense |
133.888 |
105.733 |
96.634 |
|
|
Other expenses |
302.180 |
272.994 |
271.001 |
|
|
TOTAL
(B) |
1102.805 |
895.211 |
790.296 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (C) |
51.248 |
69.280 |
33.477 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
22.293 |
24.415 |
26.261 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
28.955 |
44.865 |
7.216 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
25.833 |
25.440 |
25.837 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
3.122 |
19.425 |
(18.621) |
|
|
|
|
|
|
|
Less |
TAX
(I) |
1.457 |
7.170 |
(6.421) |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
1.665 |
12.255 |
(12.200) |
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
43.362 |
32.098 |
44.298 |
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
Proposed Dividend |
0.847 |
0.847 |
0.000 |
|
|
Tax on Proposed Dividend |
0.144 |
0.144 |
0.000 |
|
|
Balance
Carried to the B/S |
44.038 |
43.363 |
32.098 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NA |
44.991 |
29.745 |
|
|
TOTAL
EARNINGS |
NA |
44.991 |
29.745 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Material |
NA |
47.952 |
35.198 |
|
|
Stores & Spares |
NA |
0.308 |
1.605 |
|
|
Capital Items |
NA |
0.000 |
3.946 |
|
|
Traded Items |
NA |
15.799 |
22.970 |
|
|
TOTAL
IMPORTS |
NA |
64.059 |
63.719 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
19.67 |
144.69 |
-144.03 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.15 |
1.28 |
-1.49 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
4.48 |
7.22 |
4.09 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.70 |
4.46 |
-4.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.27 |
-0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.05 |
0.80 |
1.59 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.82 |
0.80 |
0.74 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
8.470 |
8.470 |
8.470 |
|
Reserves & Surplus |
52.299 |
63.563 |
64.239 |
|
Net
worth |
60.769 |
72.033 |
72.709 |
|
|
|
|
|
|
long-term borrowings |
23.641 |
9.673 |
20.956 |
|
Short term borrowings |
73.239 |
47.684 |
55.343 |
|
Total
borrowings |
96.880 |
57.357 |
76.299 |
|
Debt/Equity
ratio |
1.594 |
0.796 |
1.049 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
818.053 |
959.092 |
1144.779 |
|
|
|
17.241 |
19.361 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
818.053 |
959.092 |
1144.779 |
|
Profit |
(12.200) |
12.255 |
1.665 |
|
|
(1.49%) |
1.28% |
0.15% |
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 |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
No |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
OPERATIONS
Despite Revenue from Operations increasing by 19%, the Company’s net profit margin reduced to 0.15% compared to 1.27% in the previous year.
The Division-wise performance was as under:
MANUFACTURING
DIVISION: URSE
The division delivered a better performance by achieving a small profit as compared to a heavy loss of Rs.4.192 Millions in the previous year.
MANUFACTURING
DIVISION: RANJANGAONRs.
Due to very low volumes, the division suffered a marginal loss.
MANUFACTURING
DIVISION: BENGALURU
The performance of this division was disappointing. On account of lower volumes, increases in input costs and sub-optimal operating efficiencies, the Division continued to register heavy losses during the year and the company had to take the tough decision of closing the manufacturing activities. The loss for the division, including closure expenses, was Rs.20.214 Millions.
MANUFACTURING
DIVISION: KARIAMANICKKAM
The Division performed very well during the year, registering a healthy profit compared to a marginal loss in the previous year.
MANUFACTURING
DIVISION: THIRUVALLUR
The division also performed well during the year, registering a small profit compared to a loss in the previous year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Deposits from others |
7.980 |
0.731 |
|
Total |
7.980 |
0.731 |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
Bank Guarantee
outstanding |
15.923 |
7.327 |
|
Matters pending
in appeals |
|
|
|
For Income tax |
0.335 |
0.335 |
|
For Sales tax |
3.885 |
6.000 |
|
For Service tax |
0.088 |
0.088 |
|
Excise duty matters pending in appeals |
0.321 |
0.321 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION
|
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10540046 |
21/10/2014 |
5,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE
BRANCH, PIMPRI, PUNE, MAHARASH |
C38899860 |
|
2 |
10018036 |
22/01/2014 * |
182,800,000.00 |
STATE BANK OF INDIA INDUSTRIAL FINANCE BRANCH PIMP |
OLD PUNE MUMBAI
HIGHWAY, KASARWADI NEAR KALASAGAR, |
B96355474 |
|
3 |
90087968 |
07/01/2000 * |
67,000,000.00 |
STATE BANK OF INDIA |
PIMPRI BR., PUNE, MAHARASHTRA, INDIA |
- |
|
4 |
90082413 |
01/12/2003 * |
31,800,000.00 |
STATE BANK OF INDIA |
PIMPRI, PUNE
BRANCH, PUNE, MAHARASHTRA - 411034, |
- |
|
5 |
90090040 |
28/10/1994 |
14,400,000.00 |
STATE BANK OF INDIA |
PUNE PIMPRI BR., PUNE, MAHARASHTRA, INDIA |
- |
|
6 |
90087594 |
08/12/1988 * |
7,132,000.00 |
STATE BANK OF INDIA |
PIMPRI BRANCH,
BOMBAY-PUNE ROAD, PUNE, MAHARASHTR |
- |
|
7 |
90089353 |
28/10/1994 * |
7,432,000.00 |
STATE BANK OF INDIA |
PIMPRI BR., PUNE, MAHARASHTRA - 411034, INDIA |
- |
|
8 |
90089194 |
24/12/1981 * |
3,900,000.00 |
STATE BANK OF INDIA |
PIMPRI BRANCH,
BOMBAY-PUNE ROAD, PUNE, MAHARASHTR |
- |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Office equipment
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipmentc
- Other 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.61.76 |
|
|
1 |
Rs.94.02 |
|
Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.