MIRA INFORM REPORT
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Report No. : |
310578 |
|
Report Date : |
02.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
K.S. FLEXIPACK PRIVATE LIMITED |
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Registered
Office : |
F-223, Laxmi Nagar, New Delhi - 110092 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
08.03.2006 |
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Com. Reg. No.: |
55-147236 |
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Capital
Investment / Paid-up Capital : |
Rs. 4.660 Million |
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CIN No.: [Company Identification
No.] |
U21029DL2006PTC147236 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Plastic Products. |
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No. of Employees
: |
30 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (13) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. The company has incurred huge accumulated losses during FY 2014 which
has resulted into fully erosion of networth. Borrowings recorded by the company are also huge and increasing. However, Business is active. Payment terms are reported to be slow. The company can be considered for business dealings on a safe secured
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Praveen Gupta |
|
Designation : |
Director |
|
Contact No.: |
91-9814013100 |
|
Date : |
02.03.2015 |
LOCATIONS
|
Registered Office : |
F-223, Laxmi Nagar, New Delhi – 110092, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9814013100 (Mr. Praveen Gupta) |
|
Fax No.: |
Not Available |
|
E-Mail : |
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|
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|
Factory : |
Plot No-53 & 54, Bhatoli Kala,
Phase-4, District Solan, Baddi - 173205, Himachal Pradesh, India |
|
Tel. No.: |
91-1795-275054 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Amit Kumar Gupta |
|
Designation : |
Additional director |
|
Address : |
House No.902, Sector 2, Panchkula, Haryana, India |
|
Date of Birth/Age : |
11.12.1980 |
|
Date of Appointment : |
05.02.2013 |
|
DIN No.: |
06467757 |
|
|
|
|
Name : |
Disha Gupta |
|
Designation : |
Additional director |
|
Address : |
H.No.2202, Sector 21-C, Chandigarh – 160022, India |
|
Date of Birth/Age : |
12.08.1987 |
|
Date of Appointment : |
06.02.2013 |
|
DIN No.: |
06470669 |
|
|
|
|
Name : |
Madhu Gupta |
|
Designation : |
Additional director |
|
Address : |
House No.902, Sector 2, Panchkula, Haryana, India |
|
Date of Birth/Age : |
10.01.1959 |
|
Date of Appointment : |
22.03.2013 |
|
DIN No.: |
06501106 |
|
|
|
|
Name : |
Parveen Kumar |
|
Designation : |
Additional director |
|
Address : |
H.No.2202, Sector 21-C, Chandigarh – 160022, India |
|
Date of Birth/Age : |
25.11.1963 |
|
Date of Appointment : |
06.02.2013 |
|
DIN No.: |
00504742 |
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|
|
|
Name : |
Pranav Gupta |
|
Designation : |
Additional director |
|
Address : |
H.No.2202, Sector 21-C, Chandigarh – 160022, India |
|
Date of Birth/Age : |
20.07.1991 |
|
Date of Appointment : |
05.02.2013 |
|
DIN No.: |
02825081 |
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|
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Name : |
Rakesh Kumar Gupta |
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Designation : |
Additional director |
|
Address : |
House No.902, Sector 2, Panchkula, Haryana, India |
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Date of Birth/Age : |
10.10.1954 |
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Date of Appointment : |
22.03.2013 |
|
DIN No.: |
06532881 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
Shareholders file attach
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 : |
Manufacturer of Plastic Products. |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash and Credit (30 days / 60 days / 90 days) |
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Purchasing : |
Cash and Credit (30 days / 60 days / 90 days) |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users and OEMs
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No. of Employees : |
30 (Approximately) |
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Bankers : |
Small Industries Development Bank of India, Ground Floor, Videocon Tower, E-1, Rani Jhanshi Road, Jhandewalan Extn., New Delhi - 110055, India |
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Facilities : |
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Banking
Relations : |
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Auditors : |
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Name : |
Rajiv Kathuria Chartered Accountants |
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Address : |
SCO 44, First Floor, Sector 26, Madhya Marg, Chandigarh – 160019,
India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ABEPK4292K |
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Memberships : |
-- |
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Collaborators : |
-- |
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Relative of Key
Management Personnel : |
DLG Builders Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500,000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
466,000 |
Equity Shares |
Rs.10/- each |
Rs.4.660
Million |
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|
|
|
|
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 |
4.660 |
4.660 |
4.660 |
|
(b) Reserves & Surplus |
(5.639) |
1.954 |
6.017 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
1.280 |
|
Total
Shareholders’ Funds (1) + (2) |
(0.979) |
6.614 |
11.957 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
64.488 |
13.346 |
2.650 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
64.488 |
13.346 |
2.650 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
5.053 |
0.000 |
5.595 |
|
(b) Trade payables |
0.000 |
0.000 |
1.999 |
|
(c) Other current liabilities |
3.937 |
0.103 |
0.142 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
8.990 |
0.103 |
7.736 |
|
|
|
|
|
|
TOTAL |
72.499 |
20.063 |
22.343 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
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|
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|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
57.065 |
9.442 |
15.369 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.316 |
5.508 |
0.185 |
|
Total
Non-Current Assets |
57.381 |
14.950 |
15.554 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
5.277 |
0.000 |
0.548 |
|
(c) Trade receivables |
8.474 |
1.858 |
5.384 |
|
(d) Cash and cash equivalents |
0.391 |
2.886 |
0.385 |
|
(e) Short-term loans and
advances |
0.976 |
0.369 |
0.472 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
15.118 |
5.113 |
6.789 |
|
|
|
|
|
|
TOTAL |
72.499 |
20.063 |
22.343 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
9.994 |
5.325 |
32.942 |
|
|
Other Income |
|
|
|
|
|
TOTAL |
9.994 |
5.325 |
32.942 |
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
TOTAL |
10.617 |
7.812 |
33.803 |
|
|
|
|
|
|
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|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION
|
(0.623) |
(2.487) |
NA |
|
|
|
|
|
|
|
|
FINANCIAL EXPENSES |
2.842 |
0.514 |
NA |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
(3.465) |
(3.001) |
NA |
|
|
|
|
|
|
|
|
DEPRECIATION/ AMORTISATION
|
4.128 |
1.061 |
NA |
|
|
|
|
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|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(7.593) |
(4.063) |
(0.887) |
|
|
|
|
|
|
|
|
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(7.593) |
(4.063) |
(0.887) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
(16.29) |
(8.72) |
(1.90) |
Expected Sales ( 2014-2015 ) : Rs.100.000 Million
Expected Sales ( 2015-2016 ) : Rs.160.000 Million
The above information has been parted by Mr. Parveen Gupta.
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
(75.98) |
(76.30) |
(2.69) |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
(6.23) |
(46.70) |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(10.47) |
(20.25) |
(3.97) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
7.76 |
(0.61) |
(0.07) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
(71.03) |
2.02 |
0.69 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.68 |
49.64 |
0.88 |
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 |
4.660 |
4.660 |
4.660 |
|
Reserves & Surplus |
6.017 |
1.954 |
(5.639) |
|
Share Application money pending allotment |
1.280 |
0.000 |
0.000 |
|
Net worth |
11.957 |
6.614 |
(0.979) |
|
|
|
|
|
|
long-term borrowings |
2.650 |
13.346 |
64.488 |
|
Short term borrowings |
5.595 |
0.000 |
5.053 |
|
Total borrowings |
8.245 |
13.346 |
69.541 |
|
Debt/Equity ratio |
0.690 |
2.018 |
(71.033) |
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 |
32.942 |
5.325 |
9.994 |
|
|
|
(83.835) |
87.681 |
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 |
32.942 |
5.325 |
9.994 |
|
Profit/Loss |
(0.887) |
(4.063) |
(7.593) |
|
|
(2.69%) |
(76.30%) |
(75.98%) |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
borrowings |
|
|
|
Loans and advances from related parties |
|
|
|
Amit
Gupta |
0.925 |
0.000 |
|
Khushboo
Gupta |
1.657 |
0.977 |
|
Madhu
Gupta |
0.068 |
0.048 |
|
Mehak
Gupta |
0.441 |
0.311 |
|
Puneet
Gupta |
1.294 |
0.119 |
|
Puneet
Gupta HUF |
0.290 |
0.000 |
|
D
L Gupta HUF |
0.052 |
0.000 |
|
Dish
Gupta |
0.205 |
0.000 |
|
DLG
Builders Pvt Ltd |
1.016 |
0.000 |
|
Rakesh
Kumar Gupta |
4.755 |
3.750 |
|
Piyush
Gupta |
1.170 |
0.000 |
|
Pranav
Gupta |
1.471 |
0.000 |
|
Veena
Gupta |
1.250 |
0.085 |
|
Parveen
Kumar Gupta HUF |
14.750 |
7.056 |
|
Shanti
Devi Gupta |
2.268 |
1.000 |
|
Total |
31.612 |
13.346 |
|
|
|
|
|
Note : Long-term
Borrowings a. Term of
Repayment of Loan i. All Unsecured loans are interest free ii. The loan of Rs. 1.000 Million was taken during 2013 and carries
interest @ 13.75% p.a.The loan is repayable in 85 installment of Rs.0.185 Million each along with interest,
payable after 12 months from the date of loan. Only interest is to be paid during the first 12 months.The loan is
secured by hypothecation of fixed assets of the company. Further the loan has
been guranteed by the personal gurantee of all the directors. iii. The loan of Rs. 22.500 Million was taken during 2013 and carries
interest @ 13.75% p.a.The loan is repayable in 85 installment of Rs.0.415
Million each along with interest, after 12 months from the date of loan.Only
interest is to be paid in the first 12 months.The loan is secured by
hypothecation of fixed assets of the company. Further the loan has been
guranteed by the personal gurantee of the directors. |
||
OPERATION
During the year the company did not do well. The directors expect that the company will put up an improved performance in the ensuing year.
NOTE :
The registered office of the company has been
shifted from D-164B, Arihant Housegali No-6, Laxmi Nagar, Delhi-110092, India
to the present5 address w.e.f. 01.05.2013.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10434593 |
12/06/2013 |
62,500,000.00 |
KARUR VYSYA BANK LIMITED |
SCO 52-53, KRIBHCO BHAVAN, GROUND FLOOR, SECTOR 3 |
B78616661 |
FIXED ASSETS
Tangible assets
- Land
- Building
- Other Equipments
- Air Conditioner
- Stabliser
- Lab Equipment
- Onload Bypass Pannel
- Miscellaneous Fixed Assets
- Plant and Machinery
- Weighing Machine
- Furniture and Fixtures
- 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 records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.29 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.69.29 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILITY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
-- |
|
--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 |
|
13 |
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.