MIRA INFORM REPORT

 

 

Report No. :

327276

Report Date :

16.06.2015

 

IDENTIFICATION DETAILS

 

Name :

KAP CONES PRIVATE LIMITED

 

 

Registered Office :

A-31/4, Mayapuri Industrial Area, Phase-I, New Delhi - 110064

Tel. No.:

91-11-41447212/ 28112454/ 28115789/ 28114880

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

17.08.2009

 

 

Com. Reg. No.:

55-193222

 

 

Capital Investment / Paid-up Capital :

Rs. 12.054 Million

 

 

CIN No.:

[Company Identification No.]

U15494DL2009PTC193222

 

 

IEC No.:

0500058521

 

 

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 :

Manufacturer and Exporter of Ice Cream Cones and Plastic Cups.

 

 

No. of Employees :

150 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (29)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

 

Maximum Credit Limit :

USD 263000

 

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company incorporated during the year 2009 engaged in the business as a manufacturer of ice cream cones and plastic cups having moderate track record.

 

The rating is constrained on account of huge borrowings recorded by the company which may further act as a threat to the liquidity position of the company.

 

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

ICRA

Rating

Cash Credit = BB

Rating Explanation

Moderate risk of default. 

Date

February 2015

 

 

Rating Agency Name

ICRA

Rating

Letter of Credit = A4+

Rating Explanation

Minimal degree of safety and carry very high 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 31-03-2013.

 

 

INFORMATION PARTED BY (GENERAL DETAILS)

 

Name :

Ms. Sunita

Designation :

Key Executive

Contact No.:

91-11-28114880

Date :

15.06.2015

 

 

LOCATIONS

 

Registered Office :

A-31/4, Mayapuri Industrial Area, Phase-I, New Delhi – 110064, India

Tel. No.:

91-11-41447212/ 28112454/ 28115789/ 28114880

Fax No.:

91-11-28115758/ 28115747

E-Mail :

pkassociates_05@yahoo.com

info@kapgroup.in

puneetduggal@kapgroup.in

Website :

http://www.kapcones.com

Area :

4000 Sq. ft.

Location :

Owned

Locality :

Commercial

 

 

Factory :

Plot No. 29, Sector 5, IMT Manesar, Gurgaon – 122050, Haryana, India

Location :

Owned

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Mr. Deepak Duggal

Designation :

Director

Address :

A-31/4, Mayapuri Indl Area, Phase-1, New Delhi – 110064, India

Date of Birth/Age :

11.05.1957

Date of Appointment :

17.08.2009

DIN No.:

01042690

 

 

Name :

Mrs. Manju Duggal

Designation :

Director

Address :

A-31/4, Mayapuri Indl Area, Phase-1, New Delhi – 110064, India

Date of Birth/Age :

25.01.1961

Date of Appointment :

17.08.2009

DIN No.:

01042888

 

 

Name :

Mr. Puneet Duggal

Designation :

Director

Address :

F-227, New Rajinder Nagar, New Delhi – 110060, India

Date of Birth/Age :

25.05.1980

Date of Appointment :

17.08.2009

DIN No.:

01226448

 

 

KEY EXECUTIVES

 

Name :

Ms. Sunita

Designation :

Key Executive

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2014

 

NOTE: SHAREHOLDING DETAILS FILE ATTACHED

 

 

AS ON 30.09.2014

 

Equity Share Breakup

Percentage of Holding

Category

 

Bodies corporate

46.46

Directors or relatives of directors

53.54

 

 

Total

 

100.00

 

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Exporter of Ice Cream Cones and Plastic Cups.

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

 

Products :

Finished Goods

Countries :

Dubai

 

 

Imports :

 

Products :

Raw Material

Countries :

Taiwan

 

 

Terms :

 

Selling :

Cash, Cheque and Credit [60 Days and 90 Days]

 

 

Purchasing :

Cash, Cheque and Credit [60 Days and 90 Days]

 

 

PRODUCTION STATUS: NOT AVAILABLE 

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Not Divulged

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

Customers :

Wholesalers, Retailers and End Users

 

Reference:

Not Divulged

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

No. of Employees :

150 (Approximately)

 

 

Bankers :

Bank Name:

Oriental Bank of Commerce 

Branch:

Vishal Enclave, New Delhi – 110027, India

Person Name (with Designation):

Not Divulged

Contact Number:

Not Divulged

Name of Account Holder:

Not Divulged

Account Number:

04191131001717

Account Since (Date/ Year of A/c Opening):

Not Divulged

Average Balance Maintained (Optional):

Not Divulged

Credit Facilities Enjoyed (CC/OD/Term Loan):

Not Divulged

Account Operation:

Not Divulged

Remarks:

Not Divulged

 

·         The Hong Kong and Shanghai Banking Corporation Limited

·         Yes Bank Limited

·         Oriental Bank of Commerce

·         HDFC Bank Limited  

·         Axis Bank Limited

·         Punjab National Bank

 

 

Facilities :

SECURED LOANS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG-TERM BORROWINGS

 

 

Term Loan

 

 

Buyer's Credit (HongKong And Shanghai Banking Corporation)

0.000

117.218

Buyer's Credit 71887.29 (HongKong And Shanghai)

0.000

5.198

Buyer's Credit USD 144000

8.919

0.000

Buyer's Credit 82500

6.935

0.000

Buyers Credit 58000

3.667

0.000

FDBP

2.128

0.000

Fullertron India Credit Co. Limited

125.911

28.000

Bajaj Finance Limited

0.000

3.201

Eicher L.C.V/M.C.V Loan From Reliance Capital Limited

0.000

0.304

Innova Car Loan - Kotak Mahindra Prime Limited

0.000

0.925

ICICI Bank Car Loan (Honda Accord)

0.000

0.086

Etios Car Loan - Kotak Mahindra Prime Limited

0.000

0.385

Kotak Mahindra Prime Limited-8682340

0.000

2.713

Kotak Mahindra Prime Limited-8682620

0.000

1.266

Kotak Mahindra Prime Limited-8682798

0.000

0.543

Kotak Mahindra Prime Limited-BMW-DL9CQ5775

0.000

0.395

Kotak Mahindra Prime Limited-Honda Accord -DL3FU0006

0.000

0.071

Kotak Mahindra Prime Limited-Hyundai I20 ASTA-DL4CND92

0.000

0.082

O.B.C-LC A/C-04197011000443 Term Loan

29.103

36.385

O.B.C-LC A/C-04197011000528 Term Loan

75.851

12.846

OBC T/L A/C-04197025001373

18.662

0.000

OBC T/L A/C-04197011000474

0.530

0.931

OBC T/L A/C 04197021000075

18.961

8.963

OBD CC-503

63.590

70.096

Yes Bank

0.000

0.800

Total

 

354.257

290.408

 

Banking Relations :

--

 

 

Financial Institution :

Reliance Capital Limited

 

 

Auditors :

 

Name :

V H P and Company

Chartered Accountants

Address :

C-1, Lower Ground Floor, Kirti Nagar, New Delhi – 110015, India

Income-tax PAN of auditor or auditor's firm :

AAJFV8801D

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1,210,000

Equity Shares

Rs. 10/- each

Rs. 12.100 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1,205,420

Equity Shares

Rs. 10/- each

Rs. 12.054 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

12.054

11.355

11.355

(b) Reserves & Surplus

79.913

62.220

56.442

(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)

91.967

73.575

67.797

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

463.551

376.412

328.386

(b) Deferred tax liabilities (Net)

5.662

6.231

4.091

(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)

469.213

382.643

332.477

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

157.660

119.815

103.861

(c) Other current liabilities

29.447

8.561

7.187

(d) Short-term provisions

3.062

1.990

1.114

Total Current Liabilities (4)

190.169

130.366

112.162

 

 

 

 

TOTAL

751.349

586.584

512.436

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

437.303

319.392

317.152

(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

4.168

16.425

16.268

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

441.471

335.817

333.420

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

80.616

58.750

50.628

(c) Trade receivables

191.367

153.969

103.019

(d) Cash and cash equivalents

13.326

28.647

16.667

(e) Short-term loans and advances

0.000

0.000

0.000

(f) Other current assets

24.569

9.401

8.702

Total Current Assets

309.878

250.767

179.016

 

 

 

 

TOTAL

751.349

586.584

512.436

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

TOTAL                                     (A)

NA

456.899

394.759

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                     (B)

NA

385.892

329.664

 

 

 

 

 

 

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)     (C)

(Including Financial and Depreciation Expenses)

71.007

65.095

 

 

 

 

 

Less

FINANCIAL EXPENSES                                    (D)

 

24.673

23.420

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                                       (E)

 

46.334

41.675

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

 

36.425

35.840

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                              (G)

NA

9.909

5.835

 

 

 

 

 

Less

TAX                                                                  (H)

NA

4.131

13.117

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

12.798

5.778

(7.282)

 

 

 

 

 

 

Earnings Per Share (Rs.)

10.62

5.09

(6.41)

 

 

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

 

 

KEY RATIOS

 

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

 

 
 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

NA

1.69

1.14

 

 
 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

NA

0.13

0.09

 

 
 

 

 

Debt Equity Ratio

(Total Liability/Networth)

 

5.04

5.12

4.84

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.63

1.92

1.60

 

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

11.355

11.355

12.054

Reserves & Surplus

56.442

62.220

79.913

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

67.797

73.575

91.967

 

 

 

 

Long-term borrowings

328.386

376.412

463.551

Short term borrowings

0.000

0.000

0.000

Total borrowings

328.386

376.412

463.551

Debt/Equity ratio

4.844

5.116

5.040

 

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check list by info agents

Available in Report

(Yes/No)

1

Year of establishment

Yes

2

Constitution of the entity -Incorporation details

Yes

3

Locality of the entity

Yes

4

Premises details

Yes

5

Buyer visit details

--

6

Contact numbers

Yes

7

Name of the person contacted

Yes

8

Designation of contact person

Yes

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

11

Pan Card No. of Proprietor / Partners

No

12

Voter Id Card No. of Proprietor / Partners

No

13

Type of business

Yes

14

Line of Business

Yes

15

Export/import details (if applicable)

Yes

16

No. of employees

Yes

17

Details of sister concerns

No

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 two 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

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

10573837

25/04/2015

123,500,000.00

KOTAK MAHINDRA BANK LIMITED

27BKC, C 27, G BLOCK, BANDRA KURLA COMPLEX, BANDRA (E), MUMBAI, MAHARASHTRA - 400051, INDIA

C55904270

2

10553946

27/02/2015

4,756,199.00

RELIANCE CAPITAL LTD

"H" BLOCK 1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI, MAHARASHTRA - 400710, INDIA

C45773223

3

10528753

01/11/2014

22,213,800.00

ELECTRONICA FINANCE LIMITED

128/A, PLOT NO.3, KAILASHCHANDRA APPARTMENTS, PAUD ROAD, KOTHRUD, PUNE, MAHARASHTRA - 411038, INDIA

C32021016

4

10528461

30/09/2014

2,734,200.00

ELECTRONICA FINANCE LIMITED

128/A, PLOT NO.3, KAILASHCHANDRA APPARTMENTS, PAUD ROAD, KOTHRUD, PUNE, MAHARASHTRA - 411038, INDIA

C31800261

5

10525716

30/09/2014

6,249,600.00

ELECTRONICA FINANCE LIMITED

128/A, PLOT NO.3, KAILASHCHANDRA APPARTMENTS, PAUD ROAD, KOTHRUD, PUNE, MAHARASHTRA - 411038, INDIA

C28727972

6

10513129

26/07/2014

3,043,251.00

ELECTRONICA FINANCE LIMITED

128/A, PLOT NO.3, KAILASHCHANDRA APPARTMENTS, PAUD ROAD, KOTHRUD, PUNE, MAHARASHTRA - 411038, INDIA

C15182082

7

10507914

26/06/2014

4,208,090.00

ELECTRONICA FINANCE LIMITED

128/A, PLOT NO.3, KAILASHCHANDRA APPARTMENTS, PAUD ROAD, KOTHRUD, PUNE, MAHARASHTRA - 411038, INDIA

C10433381

8

10466640

28/11/2013

30,000,000.00

ORIENTAL BANK OF COMMERCE

A-17, VISHAL ENCLAVE, NAJAFGARH ROAD, OPP METRO PILLAR NO.405, NEW DELHI, DELHI - 110027, INDIA

B92147552

9

10515421

27/11/2013

90,000,000.00

FULLERTON INDIA CREDIT COMPANY LIMITED

MEGH TOWERS, THIRD FLOOR, OLD NO-307, NEW NO-165, POONAMALLEE HIGH ROAD, MADURAVOYAL, CHENNAI, TAMILNADU - 600095, INDIA

C16753212

10

10419017

20/03/2013

42,200,000.00

FULLERTON INDIA CREDIT COMPANY LIMITED

MEGH TOWERS, THIRD FLOOR, OLD NO-307, NEW NO-165, POONAMALLEE HIGH ROAD, MADURAVOYAL, CHENNAI, TAMILNADU - 600095, INDIA

B72980469

11

10302838

23/07/2011

23,000,000.00

ORIENTAL BANK OF COMMERCE

VISHAL ENCLAVE, NEW DELHI, DELHI - 110027, INDIA

B19045616

12

10254917

02/11/2010

90,000,000.00

ORIENTAL BANK OF COMMERCE

VISHAL ENCLAVE, NEW DELHI, DELHI - 110027, INDIA

B00706762

13

10229898

28/11/2013 *

288,426,963.00

ORIENTAL BANK OF COMMERCE

A-17, VISHAL ENCLAVE, NAJAFGARH ROAD, OPP METRO P 
ILLAR NO.405, NEW DELHI, DELHI - 110027, INDIA

B92108042

14

10229896

17/06/2010

1,900,000.00

ORIENTAL BANK OF COMMERCE

VISHAL ENCLAVE, NEW DELHI, DELHI - 110027, INDIA

A89858864

15

10217009

23/07/2011 *

8,012,314.00

ORIENTAL BANK OF COMMERCE

VISHAL ENCLAVE, NEW DELHI, DELHI - 110027, INDIA

B19028422

16

10217666

19/03/2010

23,000,000.00

ORIENTAL BANK OF COMMERCE

VISHAL ENCLAVE, NEW DELHI, DELHI - 110027, INDIA

A84364322

17

10217010

19/03/2010

50,000,000.00

ORIENTAL BANK OF COMMERCE

VISHAL ENCLAVE, NEW DELHI, DELHI - 110027, INDIA

A84365030

 

* Date of charge modification

 

 

UNSECURED LOANS

 

PARTICULARS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG-TERM BORROWINGS

 

 

Unsecured Loan

109.294

86.004

 

 

 

Total

 

109.294

86.004

 

 

FIXED ASSETS:

 

·         Air Conditioner

·         Buildings

·         Vehicles

·         Computer

·         Refrigerator

·         Transformer

·         Other Equipment

·         Office Equipments

 

 

 

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. 64.09

UK Pound

1

Rs. 99.57

Euro

1

Rs. 71.84

 

 

INFORMATION DETAILS

 

Information Gathered by :

MAN

 

 

Analysis Done by :

DIV

 

 

Report Prepared by :

BVA

 

 

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

--PROFITABILIRY

1~10

3

--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

YES

--AFFILIATION

YES/NO

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

29

 

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

 

--

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.