MIRA INFORM REPORT
|
Report No. : |
327996 |
|
Report Date : |
18.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
KPL INTERNATIONAL LIMITED |
|
|
|
|
Registered
Office : |
212A, 216 and 222, 2nd Floor, Indraprakash, 21, Barakhamba Road, New Delhi – 110001 |
|
Tel. No.: |
91-11-43606200 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
17.04.1974 |
|
|
|
|
Com. Reg. No.: |
55-029068 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.15.187 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U23209DL1974PLC029068 |
|
|
|
|
IEC No.: |
0591047080 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in international business of specializing in sourcing, marketing, supply chain facilitation and distribution of chemicals, polymers, paper, equipment and allied products. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1600000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
KPL draws roots from Group Company, “Kanoria Chemicals and Industries
Limited (KCI)”. Subject is established company and it is having satisfactory
track record. Company was incorporate on 17th April 1974, it is
specializes in the marketing of quality products in India, mainly in the
field of chemicals, polymers, paper and paper chemicals, sourced from
globally acclaimed manufacturers. During FY 2014, the company performed above an average and reported
34.9% top line growth in its sales turnover. Profitability stood at 3.7%
backed by health networth position of the company. The rating take in accounts of company established track record in
field of chemicals and polymers business, its extensive experienced of the
promoters. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct. In view of long track record, decent financials backed by diversified
business, 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 – 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
Not Available
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Ms. Ummang Mutreja |
|
Designation : |
Company Secretary |
|
Contact No.: |
91-11-43579200 |
|
Date : |
17.06.2015 |
LOCATIONS
|
Registered Office : |
212A,
216 and 222, 2nd Floor, Indraprakash, 21, Barakhamba Road, New
Delhi – 110 001, India |
|
Tel. No.: |
91-11-43606200/
23355456/ 23356471/ 43579260 |
|
Fax No.: |
91-11-23355824/
23717203 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
3500
Sq. ft. |
|
|
|
|
Corporate Office : |
Statesman House, 10th Floor, 148, Barakhamba Road,
New Delhi – 110001, India |
|
Tel. No : |
91-11-43606200/ 23355456/ 23356471 |
|
Fax No. : |
91-11-23355824 |
|
E-mail : |
|
|
|
|
|
Warehouse : |
Located at :- ·
·
Mumbai, · Chennai, Tamilnadu |
|
|
|
|
Branches / Regional Offices : |
Mumbai Ø A 304-306, Universal Business
Park (3rd Floor), Chandiwali Farm Road, Off Saki Vihar Road (Near
Kamani Oil Mills), Sakinaka, Andheri (East), Mumbai- 400072, Maharashtra,
India Tel. No.: 91-22-40153142/40153145 Fax No.: 91-22-276996 E-Mail : kplmumbai@kplintl.com
Chennai Ø 23-C, Tel. No.: 91-44-28151787 / 28260618 Fax No.: 91-44-28260618 E-Mail : kplchennai@kplintl.com
Kolkata Ø Tel. No.: 91-33-22178179/ 22499472/ 22499473 Fax No.: 91-33-22499466 E-Mail : cimpex@cal2.vsnl.net.in |
|
|
|
|
Overseas Office : |
Ø
Tel No.: 880-1711422453 Fax No.:880-1711422453 E-mail: kplbangladesh@kplintl.com Ø Unit 2013, No.99,
Huichuan Road, Modern Universe Business Plaza, Shanghai – 200 050 Tel: +86-21-52729837 Fax: +86-21-52729721 Email: kplchina@kplintl.com Ø Office No.128, Building 6WA, Dubai Airport Free Zone, PO Box 371409, Dubai, U.A.E. Tel No.:
+9714-2146-890 Fax No.:
+9714-2146-892 E-mail: kpldubai@kplintl.com |
DIRECTORS
AS ON 31.03.2014
|
Name : |
Mr. Surinder Kumar Kak |
|
Designation : |
Managing Director |
|
Address : |
Flat No.203, Laxmi Apartment, Sector 9, Rohini, Delhi, India |
|
Date of Birth/Age : |
31.03.1956 |
|
Date of Appointment : |
01.09.2011 |
|
DIN No.: |
00044521 |
|
|
|
|
Name : |
Mr. Rajya Vardhan Kanoria |
|
Designation : |
Director |
|
Address : |
A-45, Vasant Marg, Vasant
Vihar, New Delhi – 110057, India |
|
Date of Birth/Age : |
23.02.1955 |
|
Date of Appointment : |
04.06.2001 |
|
DIN No.: |
00003792 |
|
|
|
|
Name : |
Mr. Tulsi Das Bahety |
|
Designation : |
Director |
|
Address : |
D-22, Takshshila Apartments, Plot No.57, I. P. Extension Patparganj,
Delhi – 110092, India |
|
Date of Birth/Age : |
01.08.1940 |
|
Date of Appointment : |
16.09.2011 |
|
DIN No.: |
00031572 |
|
|
|
|
Name : |
Mr. Saumya Vardhan Kanoria |
|
Designation : |
Director |
|
Address : |
A-45, Vasant Marg, Vasant Vihar, New Delhi – 110057, India |
|
Date of Birth/Age : |
01.03.1982 |
|
Date of Appointment : |
09.09.2013 |
|
DIN No.: |
02097441 |
|
|
|
|
Name : |
Mr. Anand Vardhan Kanoria |
|
Designation : |
Director |
|
Address : |
A-45, Vasant Marg, Vasant Vihar, New Delhi – 110057, India |
|
Date of Birth/Age : |
07.08.1984 |
|
Date of Appointment : |
22.07.2009 |
|
DIN No.: |
02048465 |
|
|
|
|
Name : |
Mr. Jagdish Prasad Sonthalia |
|
Designation : |
Director |
|
Address : |
Airpoe Park Place, Flat No.4, Kolkata – 700027, West Bengal, India |
|
Date of Birth/Age : |
05.03.1945 |
|
Date of Appointment : |
09.09.2013 |
|
DIN No.: |
01292249 |
KEY EXECUTIVES
|
Name : |
Ms. Ummang Mutreja |
|
Designation : |
Company Secretary |
MAJOR SHAREHOLDERS
AS ON 31.03.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Vardhan Finvest Limited |
14113 |
93.09 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in international business of specializing in sourcing, marketing, supply chain facilitation and distribution of chemicals, polymers, paper, equipment and allied products. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit |
|
|
|
|
Purchasing : |
Cash, Credit |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Singhi
and Company Chartered
Accountants |
|
Address : |
401-408,
Pragati House, 47-48, Nehru Place, New Delhi – 110019, India |
|
Tel No.: |
91-11-30820179/
30820180/ 26293986/ 87 |
|
Fax No.: |
91-11-30820183 |
|
Email : |
|
|
Website : |
|
|
PAN No.: |
AAQFS6429R |
|
|
|
|
Memberships : |
Not Divulged |
|
|
|
|
Collaborators : |
Not Divulged |
|
|
|
|
Holding Company : |
· Vardhan Finvest Limited |
|
|
|
|
Subsidiary Company
: |
· KPL Logistics Limited |
|
|
|
|
Under Common
Control : |
· Kanoria Chemical and Industries Limited · Vardhan Limited · Suprawin Technologies Limited · Breaking Wave Software Private Limited · Kirtivardhan Finvest Services Limited · Kanoria Africa Textiles PLC, Ethopia · Apag Elektronik AG, Switzerland · Apag Elektronik S.R.O. |
|
|
|
|
Charitable Trust : |
· Sambhava Foundation |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
99700 |
Equity Shares |
Rs.1000/- each |
Rs.99.700 Million |
|
3000 |
Preference Shares |
Rs.100/- each |
Rs.0.300 Million |
|
|
|
|
|
|
|
Total |
|
Rs.100.000
Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15160 |
Equity Shares |
Rs.1000/- each |
Rs.15.160 Million |
|
|
Add: Forfeited Shares |
|
Rs.0.027 Million |
|
|
|
|
|
|
|
Total |
|
Rs.15.187
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 |
15.187 |
15.187 |
15.187 |
|
(b) Reserves & Surplus |
562.104 |
502.243 |
433.629 |
|
(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) |
577.291 |
517.430 |
448.816 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.893 |
|
(b) Deferred tax liabilities (Net) |
9.244 |
8.004 |
7.727 |
|
(c) Other long term
liabilities |
3.188 |
2.467 |
1.842 |
|
(d) long-term
provisions |
7.041 |
7.431 |
6.501 |
|
Total Non-current
Liabilities (3) |
19.473 |
17.902 |
16.963 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
29.409 |
20.574 |
17.267 |
|
(b) Trade
payables |
229.227 |
409.628 |
104.307 |
|
(c) Other
current liabilities |
44.533 |
37.705 |
42.974 |
|
(d) Short-term
provisions |
111.990 |
99.307 |
98.558 |
|
Total Current
Liabilities (4) |
415.159 |
567.214 |
263.106 |
|
|
|
|
|
|
TOTAL |
1011.923 |
1102.546 |
728.885 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
287.547 |
234.388 |
249.422 |
|
(ii)
Intangible Assets |
22.854 |
28.469 |
2.171 |
|
(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 |
37.628 |
16.925 |
2.426 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
7.028 |
7.916 |
6.118 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
355.057 |
287.698 |
260.137 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
90.125 |
60.150 |
|
(b)
Inventories |
158.325 |
166.723 |
132.175 |
|
(c) Trade
receivables |
351.733 |
304.405 |
193.219 |
|
(d) Cash
and cash equivalents |
56.751 |
157.631 |
4.739 |
|
(e)
Short-term loans and advances |
85.018 |
83.510 |
75.088 |
|
(f) Other
current assets |
5.039 |
12.454 |
3.377 |
|
Total
Current Assets |
656.866 |
814.848 |
468.748 |
|
|
|
|
|
|
TOTAL |
1011.923 |
1102.546 |
728.885 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
3023.809 |
2225.28 |
1165.528 |
|
|
|
|
Other Income |
31.748 |
38.086 |
22.891 |
|
|
|
|
TOTAL (A) |
3055.557 |
2263.366 |
1188.419 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
30.440 |
30.811 |
23.464 |
|
|
|
|
Purchase of Stock-in-trade |
2563.358 |
1839.478 |
795.091 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
7.871 |
(45.230) |
(23.118) |
|
|
|
|
Employee Benefits Expenses |
106.701 |
98.921 |
79.231 |
|
|
|
|
Other Expenses |
139.160 |
109.653 |
98.557 |
|
|
|
|
Extraordinary items |
0.000 |
0.000 |
(1.426) |
|
|
|
|
TOTAL (B) |
2847.530 |
2033.633 |
971.799 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
208.027 |
229.733 |
216.620 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
11.512 |
8.557 |
8.042 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
196.515 |
221.176 |
208.578 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
24.695 |
22.190 |
21.193 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G)
|
171.820 |
198.986 |
187.385 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
58.750 |
59.660 |
64.082 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
113.070 |
139.326 |
123.303 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
||
|
|
|
Commission Income |
180.556 |
188.007 |
0.000 |
|
|
|
|
FOB Value of Export |
86.140 |
17.167 |
0.000 |
|
|
|
|
Third Country Sales |
846.356 |
94.643 |
0.000 |
|
|
|
TOTAL EARNINGS |
1113.052 |
299.817 |
0.000 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
27.382 |
18.673 |
0.000 |
|
|
|
|
Trading Goods |
2304.103 |
1671.711 |
0.000 |
|
|
|
TOTAL IMPORTS |
2331.485 |
1690.384 |
0.000 |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
7458.00 |
9190.00 |
8133.00 |
||
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
1.228 |
|
Cash generated from operations |
(29.697) |
365.642 |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
3.74 |
6.26 |
10.58 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
6.88 |
10.32 |
18.59 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
17.64 |
18.33 |
25.79 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30 |
0.38 |
0.42 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.05 |
0.04 |
0.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.58 |
1.44 |
1.78 |
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 |
15.187 |
15.187 |
15.187 |
|
Reserves & Surplus |
433.629 |
502.243 |
562.104 |
|
Net
worth |
448.816 |
517.430 |
577.291 |
|
|
|
|
|
|
long-term borrowings |
0.893 |
0.000 |
0.000 |
|
Short term borrowings |
17.267 |
20.574 |
29.409 |
|
Current Maturities of Long term debt |
1.228 |
0.000 |
0.000 |
|
Total
borrowings |
19.388 |
20.574 |
29.409 |
|
Debt/Equity
ratio |
0.043 |
0.040 |
0.051 |
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 |
1165.528 |
2225.280 |
3023.809 |
|
|
|
90.925 |
35.884 |
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
|
1165.528 |
2225.280 |
3023.809 |
|
Profit |
123.303 |
139.326 |
113.070 |
|
|
10.58% |
6.26% |
3.74% |
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OPERATIONAL REVIEW
Based on the excellent relationship developed and nurtured over the years with its business associates, the Company continues to maintain its position as one of the leading Indenting and Distribution Companies in India mainly for Chemicals and Polymers.
The performance of the Company during the year was satisfactory, when viewed in the light of weak economic conditions as well as sharp volatility of Indian Rupees vis‐à‐vis other important foreign currencies particularly the US Dollar. Despite these adversities, the Company could achieve an all-time high revenue from operations.
The performance of Avongrove Tea Estate in Darjeeling which produces excellent quality of organic tea was satisfactory. Apart from being certified as an organic tea estate under US Department of Agriculture (USA), Japanese Agricultural Standards (Japan) and National Programme for Organic Production (India and the EU), this business segment also conforms to labour and trade standards and is a recipient of the Certificate of fairtrade from Flo‐CertGmbH, Germany. The Company’s solar energy training and consultancy business is in the process of achieving critical mass after which the division is expected to embark on its potential growth trajectory.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10538434 |
27/11/2014 |
210,000,000.00 |
Yes Bank Limited |
Nehru Centre, 9th Floor, Discovery of India, Dr. A. B. Road, Worli, Mumbai, Maharashtra - 400018, India |
C37896313 |
|
2 |
10475940 |
10/01/2014 |
100,000,000.00 |
Yes Bank Limited |
Nehru Centre, 9th Floor, Discovery Of India,, Dr. A. B. Road, Worli, Mumbai, Maharashtra - 400018, India |
B95627782 |
|
3 |
10165450 |
23/06/2014 * |
350,000,000.00 |
Axis Bank Limited |
2nd Floor, Statesman House, 148, Barakhamba Road, New Delhi - 110001, India |
C09497561 |
|
4 |
10153731 |
23/06/2014 * |
350,000,000.00 |
Axis Bank Limited |
2nd Floor, Statesman House, 148, Barakhamba Road, New Delhi - 110001, India |
C09495573 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Tea Plantation
·
Buildings
·
Plan and Machinery
·
Furniture and Fixture
·
Office Equipments
·
Vehicles
·
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.64.11 |
|
|
1 |
Rs.100.32 |
|
Euro |
1 |
Rs.72.17 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--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 |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
49 |
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.