MIRA INFORM REPORT
|
Report No. : |
327361 |
|
Report Date : |
23.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
KRYFS POWER COMPONENTS LIMITED (w.e.f. 09.06.2006) |
|
|
|
|
Formerly Known
As : |
KRYFS LAMINATIONS LIMITED (w.e.f. 01.06.2006) KRYFS LAMINATIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Aza House, 3rd Floor, 24 Turner Road , Bandra (West),
Mumbai –
400050, Maharashtra |
|
Tel No.: |
91-22-67859999 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
05.03.1991 |
|
|
|
|
Com. Reg. No.: |
11-060602 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 88.542 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209MH1991PLC060602 |
|
|
|
|
IEC No.: |
0391155938 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMK10554F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK2791F |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Transformer Laminations. . |
|
|
|
|
No. of Employees
: |
700 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 5400000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. There seems sharp decline in the profit of the company during 2014
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 – 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 |
CARE |
|
Rating |
Long Term Bank Facilities = A- |
|
Rating Explanation |
Have adequate degree of safety and carry low credit risk |
|
Date |
20.01.2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A2+ |
|
Rating Explanation |
Have strong degree of safety and Carry low credit risk. |
|
Date |
20.01.2015 |
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
|
Name : |
Mr. Sameer Mogal |
|
Designation : |
Assistant General manager Accounts |
|
Contact No.: |
91-22-67859999 |
|
Date : |
20.06.2015 |
LOCATIONS
|
Registered Office / Corporate office:: |
Aza House, 3rd Floor, 24 Turner Road , Bandra (West),
Mumbai –
400050, Maharashtra, India |
|
Tel. No.: |
91 22 - 6785 9999 |
|
Fax No.: |
91 22 - 6785 9988 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Unit-1, Survey No. 211/1, Near HPCL, Kherdi Main Road, Silvassa Kherdi Village, Silvassa – 396230, Dadra And Nagar Haveli, India |
|
|
|
|
Factory |
Located At :
|
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Saifuddin Fakhruddin Qurelshl |
|
Designation : |
Managing Director |
|
Address : |
1101 Daigo 'D',
Sherly Rajan Road, Bandra (West), Mumbai - 400 050, Maharashtra, India |
|
Date Of Birth/Age : |
12.05.1964 |
|
Date of Appointment : |
05.03.1991 |
|
Voter ID No. : |
MT/08/036/195568 |
|
PAN No.: |
AAAPQ0313J |
|
DIN No. : |
00098955 |
|
|
|
|
Name : |
Mr. Rauzat Saifuddin Qureishi |
|
Designation : |
Whole Time Director |
|
Address : |
1101 Daigo 'D', Sherly
Rajan Road, Bandra (West), Mumbai - 400 050, Maharashtra, India |
|
Date Of Birth/Age : |
01.03.1967 |
|
Date Of Appointment : |
30.09.1999 |
|
Voter ID No. : |
MT/08/036/196459 |
|
PAN No.: |
AAAPQ0618C |
|
DIN No. : |
00098990 |
|
|
|
|
Name : |
Mr. Rakesh Madanlal Nanda |
|
Designation : |
Director |
|
Address : |
Naviivan Commercial Bluldlng 3, 'A' Wing 9th Floor. Office No.20,
Mumbai Central (East) Mumbai - 400 008. Maharashtra, India |
|
Date Of Birth/Age : |
07.08.1962 |
|
Date Of Appointment : |
18.05.2006 |
|
DIN No. : |
00208359 |
|
|
|
|
Name : |
Mr. Shizuka Hayashi |
|
Designation : |
Nominee Director |
|
Address : |
4-39-2-102,
Tamagawa, Setagaya Ku, Tokyo, 1580094, Japan |
|
Date Of Appointment : |
18.05.2012 |
|
DIN No. : |
03316927 |
|
|
|
|
Name : |
Mr. Shizuka Hayashi |
|
Designation : |
Whole-time director |
|
Address : |
1101,
Diago - D, Sherly Rajan Road, Bandra (West), Mumbai - 400050, Maharashtra,
India |
|
Date Of Birth/Age : |
15.10.1957 |
|
Date Of Appointment : |
05.12.2015 |
|
DIN No. : |
03316927 |
KEY EXECUTIVES
|
Name : |
Mr. Sameer Mogal |
|
Designation : |
Assistant General manager Accounts |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
|
|
4235942 |
|
|
|
2363882 |
|
Kulsum Fakhruddin Qureishi |
|
675113 |
|
Rauzat Saifuddin Qureishi |
|
204879 |
|
Yasmin Minhaz Karachiwala |
|
20000 |
|
Karachiwala Shabbir Minhaz |
|
84 |
|
Shireen Saifuddin Qureishi |
|
100 |
|
Toyoto Tsusho Corporation,
Tokyo |
|
833333 |
|
Total |
|
8333333 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
10.00 |
|
Directors or relatives of Directors |
90.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Transformer Laminations. . |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
-- |
||||
|
|
|
||||
|
Agencies Held : |
-- |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Finished Goods |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Raw Material |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cheque and Credit |
||||
|
|
|
||||
|
Purchasing : |
Cheque and Credit |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
End Users OEMS
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
700 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Asutosh and Pankaj Chartered Accountants |
|
Address : |
914 A, Sagar Tech Plaza, Sakinaka Junction, Andheri (East),
Mumbai-400072, India |
|
PAN No.: |
AAOFA9042Q |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associate : |
|
|
|
|
|
Subsidiary Company
: |
|
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8,854,166 |
Equity Shares |
Rs.10/- each |
Rs. 88.542 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 |
88.542 |
83.333 |
88.235 |
|
(b) Reserves & Surplus |
1816.549 |
1521.291 |
1522.326 |
|
(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) |
1905.091 |
1604.624 |
1610.561 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
69.851 |
64.438 |
53.653 |
|
(c) Other long term
liabilities |
4.248 |
2.444 |
1.866 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
74.099 |
66.882 |
55.519 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
226.085 |
229.499 |
468.524 |
|
(b) Trade
payables |
1004.085 |
901.519 |
868.591 |
|
(c) Other current
liabilities |
130.279 |
144.146 |
64.026 |
|
(d) Short-term
provisions |
19.096 |
17.765 |
13.663 |
|
Total Current
Liabilities (4) |
1379.545 |
1292.929 |
1414.804 |
|
|
|
|
|
|
TOTAL |
3358.735 |
2964.435 |
3080.884 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
685.484 |
670.269 |
489.739 |
|
(ii)
Intangible Assets |
0.968 |
1.165 |
0.000 |
|
(iii)
Capital work-in-progress |
10.106 |
34.623 |
83.506 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
140.857 |
7.979 |
10.401 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
76.765 |
70.381 |
0.000 |
|
(e) Other
Non-current assets |
37.588 |
31.122 |
28.592 |
|
Total Non-Current
Assets |
951.768 |
815.539 |
612.238 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
428.879 |
503.931 |
478.863 |
|
(c) Trade
receivables |
1847.716 |
1392.996 |
1698.401 |
|
(d) Cash
and cash equivalents |
9.592 |
16.444 |
71.862 |
|
(e)
Short-term loans and advances |
18.865 |
28.997 |
37.750 |
|
(f) Other
current assets |
101.915 |
206.528 |
181.770 |
|
Total
Current Assets |
2406.967 |
2148.896 |
2468.646 |
|
|
|
|
|
|
TOTAL |
3358.735 |
2964.435 |
3080.884 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4580.420 |
4369.600 |
4727.434 |
|
|
|
Other Income |
20.297 |
19.808 |
16.990 |
|
|
|
TOTAL (A) |
4600.717 |
4389.408 |
4744.424 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
3862.486 |
3798.165 |
3957.257 |
|
|
|
Purchases of Stock-in-Trade |
4.522 |
40.601 |
77.065 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
105.104 |
(78.831) |
(19.750) |
|
|
|
Employees benefits expense |
136.295 |
132.709 |
118.768 |
|
|
|
Other expenses |
274.088 |
267.278 |
269.183 |
|
|
|
Exceptional Items |
79.845 |
84.153 |
93.920 |
|
|
|
TOTAL (B) |
4462.340 |
4244.075 |
4496.443 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
138.377 |
145.333 |
247.981 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
65.908 |
65.287 |
42.170 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
72.469 |
80.046 |
205.811 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
59.849 |
49.277 |
42.672 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
12.620 |
30.769 |
163.139 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
7.779 |
17.021 |
54.618 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
4.841 |
13.748 |
108.521 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F.O.B. Value of Exports |
NA |
991.734 |
539.595 |
|
|
TOTAL EARNINGS |
NA |
991.734 |
539.595 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
3118.317 |
3291.086 |
|
|
|
Components and Stores parts |
NA |
1.479 |
3.888 |
|
|
|
Capital Goods |
NA |
43.359 |
15.096 |
|
|
TOTAL IMPORTS |
NA |
3163.155 |
3310.070 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.88 |
1.73 |
1.73 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
5000.000 |
The above information has been parted by Mr. Sameer Mogal
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 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.11 |
0.31 |
2.30 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
3.02 |
3.33 |
5.25 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.39 |
1.05 |
5.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
0.02 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.12 |
0.14 |
0.29 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.74 |
1.66 |
1.74 |
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 |
88.235 |
83.333 |
88.542 |
|
Reserves & Surplus |
1522.326 |
1521.291 |
1816.549 |
|
Net worth |
1610.561 |
1604.624 |
1905.091 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
468.524 |
229.499 |
226.085 |
|
Total borrowings |
468.524 |
229.499 |
226.085 |
|
Debt/Equity ratio |
0.291 |
0.143 |
0.119 |
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 |
4727.434 |
4369.600 |
4580.420 |
|
|
|
(7.569) |
4.825 |
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 |
4727.434 |
4369.600 |
4580.420 |
|
Profit |
108.521 |
13.748 |
4.841 |
|
|
2.30% |
0.31% |
0.11% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
No |
|
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 foru 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 |
NOTE:
The registered office of the company has been shifted from 101, Classic Corner, 113 Hill Road, Off St Andrews Road, Bandra (West),
Mumbai – 400050, Maharashtra, India to present address w.e.f. 01.11.2008
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10567416 |
08/01/2015 |
97,500,000.00 |
STATE BANK OF INDIA |
1ST FLOOR , RPIME COMPLEX, OPP SHREYAS SCHOOL, VADODARA, GUJARAT - 390011, INDIA |
C52631033 |
|
2 |
10040414 |
23/01/2015 * |
2,500,000,000.00 |
BANK OF INDIA |
MLC BRANCH, ORIENTAL BLDG, GROUND FLOOR,, 364, D.N. ROAD, MUMBAI, MUMBAI, MAHARASHTRA - 400001, INDIA |
C44033645 |
|
3 |
90152593 |
25/01/2007 * |
855,000,000.00 |
BANK OF INDIA |
MUMBAI LARGE CORPORATE BRANCH, BANK OF INDIA BLDG., 70/80, M. G. ROAD,, MUMBAI, MAHARASHTRA - 400023, INDIA |
- |
|
4 |
90153355 |
20/02/2004 * |
62,000,000.00 |
BANK OF INDIA |
MUMBAI CORPORATE
BANKING BRANCH, BANK OF INDIA BL |
- |
|
5 |
90152500 |
25/01/2007 * |
855,000,000.00 |
BANK OF INDIA |
MUMBAI LARGE CORPORATE
BRANCH, BANK OF INDIA BLDG. |
A10076438 |
|
6 |
90153352 |
18/01/1999 * |
62,000,000.00 |
BANK OF INDIA |
MUMBAI CORPORATE
BANKING BRANCH, 70/80; M.G. ROAD |
- |
|
7 |
90152989 |
08/02/1994 |
288,000.00 |
BOMBAY MERCANTILE CO-OP. BANK LTD. |
MAULANA AZAD ROAD
BRANCH, BOMBAY, MAHARASHTRA - 40 |
- |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Factory building
- Plant and equipment
- Furniture and
fixtures
- Vehicles
- Office equipment
- 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.63.51 |
|
|
1 |
Rs.100.94 |
|
Euro |
1 |
Rs.72.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.