MIRA INFORM REPORT
|
Report No. : |
312253 |
|
Report Date : |
04.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
KUNAL PHARMA |
|
|
|
|
Registered
Office : |
1-8-32/42, Bapu Bagh Colony, Prenderghast Road, Secunderabad – 500003, Telangana |
|
Tel. No.: |
91-40-66901600/01/02 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
1995 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 14.719 Million |
|
|
|
|
TIN NO.: |
36020123707 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AANPJ4308F |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Trader, Dealer and Distributor of all life saving drugs of major MNC
companies like Pfizer, Roche, Astrazeneca, BMS, J and J, Novartis, Mylan etc. |
|
|
|
|
No. of Employees
: |
11 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established proprietary concern having a satisfactory
track. For the financial year ended, concern has reported sound operational
performance and it has achieved profitability margins at 1.46%. Rating also takes into consideration concern’s established track
record of business operations and extensive experience of proprietor in
pharma segment. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The concern can be considered 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 – 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. Prahlad Kumar Jain |
|
Designation : |
Proprietor |
|
Contact No.: |
91-98249029959 |
|
Date : |
29.04.2015 |
LOCATIONS
|
Registered Office : |
1-8-32/42, Bapu Bagh Colony, Prenderghast Road, Secunderabad – 500003, Telangana, India |
|
Tel. No.: |
91-40-27840922/66901600/66901601 |
|
Mobile No.: |
91-9849029959 (Mr. Prahlad Kumar Jain) |
|
Fax No.: |
91-40-66901601 |
|
E-Mail : |
|
|
Area : |
500 sq. ft. (Approximately) |
|
Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mr. Prahlad Kumar Jain |
|
Designation : |
Proprietor |
|
Date of Birth/Age : |
22.08.1958 |
|
Qualification : |
B.Sc. Mathematics |
|
Address : |
Plot No.30, Laxmigunty Colony, Rasoolpura, Secunderabad - 500003, Telangana, India |
|
PAN No.: |
AANPJ4308F |
BUSINESS DETAILS
|
Line of Business : |
Trader, Dealer and Distributor of all life saving drugs of major MNC
companies like Pfizer, Roche, Astrazeneca, BMS, J and J, Novartis, Mylan etc. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
|
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (30 days / 60 days / 90 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 days / 60 days) |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers, End Users, Hospitals (Government and Private)
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No. of Employees : |
11 (Approximately) |
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Bankers : |
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Kankaria and Uttam Singhi Chartered Accountants |
|
Address : |
6-3-1090/C-4, Raj Bhavan Road, Above Andhra Bank, Hyderabad – 500082, Telangana, India |
|
Mobile No.: |
91-9246212121 |
|
E-Mail : |
|
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Sister Concern : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2014
(RS. IN MILLION)
|
Particulars |
Amount |
Particulars |
Amount |
|
To Income Tax |
1.780 |
By Balance b/d |
6.986 |
|
To TDS |
0.020 |
By Bank |
1.300 |
|
To LIP |
0.100 |
By Bank |
1.000 |
|
To PPF |
0.040 |
By Bank |
0.800 |
|
To ICICI Prudential |
0.200 |
By Bank |
1.400 |
|
To Property Tax |
0.027 |
By Bank |
1.500 |
|
To Bank |
0.500 |
By Net Profit |
6.391 |
|
By Drawing |
1.991 |
|
|
|
By Balance c/d |
14.719 |
|
|
|
|
|
|
|
|
|
19.377 |
|
19.377 |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
PROPRIETOR’S FUNDS |
|
|
|
|
|
1] Proprietor’s Capital |
14.719 |
6.985 |
4.206 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Profit and Loss Account |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
0NETWORTH |
14.719 |
6.985 |
4.206 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
37.174 |
40.276 |
44.158 |
|
|
2] Unsecured Loans |
18.590 |
21.232 |
28.216 |
|
|
TOTAL BORROWING |
55.764 |
61.508 |
72.374 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
70.483 |
68.493 |
76.580 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.699 |
2.800 |
2.044 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
17.502 |
17.131 |
31.650 |
|
|
Sundry Debtors |
114.828 |
97.221 |
88.649 |
|
|
Cash & Bank Balances |
2.593 |
2.525 |
2.172 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
3.243 |
3.692 |
5.335 |
|
Total
Current Assets |
138.166 |
120.569 |
127.806 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.564 |
0.293 |
0.483 |
|
|
Other Current Liabilities |
69.818 |
54.583 |
52.787 |
|
|
Provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities |
70.382 |
54.876 |
53.270 |
|
|
Net Current Assets |
67.784 |
65.693 |
74.536 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
70.483 |
68.493 |
76.580 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales Revenue |
435.717 |
396.833 |
409.744 |
|
|
|
Other Income |
0.452 |
0.286 |
0.000 |
|
|
|
TOTAL |
436.169 |
397.119 |
409.744 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
412.134 |
376.292 |
389.312 |
|
|
|
Salaries and Bonus |
2.823 |
2.857 |
3.188 |
|
|
|
Office Rent |
0.360 |
0.420 |
0.425 |
|
|
|
Printing and Stationery |
0.232 |
0.058 |
0.082 |
|
|
|
Telephone and Internet Charges |
0.097 |
0.100 |
0.136 |
|
|
|
Conveyance and Travelling |
0.205 |
0.268 |
0.247 |
|
|
|
Travelling Charges |
0.115 |
0.000 |
0.000 |
|
|
|
Electricity Charges |
0.206 |
0.162 |
0.138 |
|
|
|
Vehicle Maintenance |
0.522 |
0.571 |
0.406 |
|
|
|
Computer Maintenance |
0.056 |
0.005 |
0.004 |
|
|
|
Fees and Licenses |
0.028 |
0.073 |
0.012 |
|
|
|
Insurance |
0.138 |
0.149 |
0.195 |
|
|
|
Business Promotion Expenses |
0.475 |
0.553 |
0.755 |
|
|
|
Annual Maintenance Expenses |
0.059 |
0.000 |
0.000 |
|
|
|
Delivery Charges and Courier Charges |
0.521 |
0.413 |
0.372 |
|
|
|
Discount and Commission |
1.536 |
0.588 |
0.032 |
|
|
|
Pooja Expenses |
0.018 |
0.016 |
0.016 |
|
|
|
Office Maintenance |
0.285 |
0.434 |
0.290 |
|
|
|
Audit Fees |
0.062 |
0.057 |
0.050 |
|
|
|
Bank Charges |
0.025 |
0.018 |
0.115 |
|
|
|
Processing Charges |
0.238 |
0.264 |
0.300 |
|
|
|
Bad Debts |
1.133 |
0.000 |
0.000 |
|
|
|
Rate Difference claim |
0.531 |
0.000 |
0.000 |
|
|
|
Other Expenses |
0.455 |
0.070 |
1.026 |
|
|
|
TOTAL |
422.254 |
383.368 |
397.101 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, DEPRECIATION |
13.915 |
13.751 |
12.643 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST |
7.044 |
7.453 |
6.812 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE DEPRECIATION |
6.871 |
6.298 |
5.831 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION |
0.480 |
0.510 |
0.347 |
|
|
|
|
|
|
|
|
|
|
NET/(LOSS)
PROFIT |
6.391 |
5.788 |
5.484 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.47 |
1.46 |
1.34 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
3.19 |
3.47 |
3.09 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.54 |
4.69 |
4.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.43 |
0.83 |
1.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.79 |
8.81 |
17.21 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.96 |
2.20 |
2.40 |
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) |
|
|
Proprietor’s Capital |
4.206 |
6.985 |
14.719 |
|
Profit and Loss Account |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
4.206 |
6.985 |
14.719 |
|
|
|
|
|
|
Secured Loans |
44.158 |
40.276 |
37.174 |
|
Unsecured Loans |
28.216 |
21.232 |
18.590 |
|
Total borrowings |
72.374 |
61.508 |
55.764 |
|
Debt/Equity ratio |
17.207 |
8.806 |
3.789 |
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 |
409.744 |
396.833 |
435.717 |
|
|
|
(3.151) |
9.799 |
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 |
409.744 |
396.833 |
435.717 |
|
Profit |
5.484 |
5.788 |
6.391 |
|
|
1.34% |
1.46% |
1.47% |
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 |
Yes |
|
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
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 |
No |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
No |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
No |
|
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 LOANS
(RS.
IN MILLION)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
Manoj Kumar Shah and Associates |
0.500 |
1.000 |
|
Pavan Finance |
0.350 |
0.350 |
|
Anshool Singhi |
0.800 |
0.702 |
|
Ritu |
0.900 |
0.875 |
|
Alka Kankaria |
0.700 |
2.000 |
|
Chandan Bala |
0.500 |
0.500 |
|
Kunal Jain |
0.000 |
0.350 |
|
Lalita Solanki |
0.225 |
0.225 |
|
Nirmala Singhvi |
1.900 |
1.700 |
|
Rajendra Kankaria HUF |
1.000 |
0.899 |
|
Dharmendra Kumar Singhvi |
0.766 |
0.675 |
|
Ruchi Singhi |
0.300 |
0.275 |
|
Milap Chand jain HUF |
0.000 |
1.272 |
|
Niraj Kumar |
0.000 |
1.816 |
|
Ravinder Singh |
0.283 |
0.548 |
|
Rachana Singhi |
2.375 |
2.100 |
|
Purva Kankaria |
0.600 |
0.575 |
|
Uttam Singhi |
0.450 |
0.450 |
|
Chandra Singhi |
0.450 |
0.425 |
|
Kalpana Gamawat |
2.270 |
2.000 |
|
Meena |
1.900 |
1.900 |
|
Ramesh Chandra Singhi HUF |
0.221 |
0.220 |
|
Ronak Singhi |
0.100 |
0.100 |
|
Rajani Santdasahani |
0.000 |
0.275 |
|
Jai Shree Distributors |
2.000 |
0.000 |
|
Total |
18.590 |
21.232 |
--------------------------------------------------------------------------------------------------------------------------
MR. PRAHALAD KUMAR JAIN
COMPUTATION OF TOTAL INCOME
(RS. IN MILLION)
|
BUSINESS INCOME |
31.03.2014 |
||
|
|
|
||
|
Net Profit as per Profit and Loss A/c |
|
|
6.391 |
|
Kunal Pharma |
|
|
|
|
|
|
|
|
|
Income from other sources |
|
|
|
|
Dividend Income |
0.000 |
|
|
|
Less : Exemption u/s 10 (34) |
0.000 |
0.000 |
|
|
|
|
|
|
|
PPF Interest |
0.062 |
|
|
|
Less : Exemption u/s 10 |
(0.062) |
0.000 |
|
|
|
|
|
|
|
Bank Interest ion SB A/c |
|
0.010 --- |
0.010 |
|
|
|
|
|
|
Gross total income |
|
|
6.401 |
|
|
|
|
|
|
Deduction under chapter VIA |
|
|
|
|
|
|
|
|
|
U/s 80 C LIC Premium |
|
0.100 |
|
|
U/s 80 ‘TTA’ Bank Interest on SB A/c |
|
0.010 |
|
|
Total |
|
|
0.110 |
|
|
|
|
|
|
Total Income |
|
|
6.291 |
|
|
|
|
|
|
Tax payable |
|
|
1.717 |
|
Add: Education Cess @3% |
|
|
0.052 |
|
Net Tax payable |
|
|
1.769 |
|
|
|
|
|
|
Less : prepaid taxes |
|
|
|
|
TDS |
|
0.020 -- |
|
|
Advance Tax Payment |
|
|
|
|
13.09.2013 |
|
0.500 |
|
|
13.12.2013 |
|
0.500 |
|
|
12.03.2014 |
|
0.700 |
|
|
Total |
|
|
1.720 |
|
|
|
|
|
|
Total |
|
|
0.049 |
|
|
|
|
|
|
Add : Interest |
|
|
|
|
U/s 234 ‘B’ |
|
0.000 |
|
|
U/s 234 ‘C’ |
|
0.003 |
|
|
|
|
|
|
|
Total Tax Paid U/s 140 ‘A’ |
|
|
0.052 |
----------------------------------------------------------------------------------------------------------------------------
MR. PRAHALAD KUMAR JAIN
CAPITAL ACCOUNT
(AS ON 31.03.2014)
(RS.
IN MILLION)
|
Particulars |
Amount |
Particulars |
Amount |
|
To Income Tax |
1.789 |
By Balance b/d |
18.138 |
|
To TDS |
0.020 |
By net profit from Kunal Pharma |
6.391 |
|
To LIP |
0.100 |
By Bank interest on SB A/c |
0.010 |
|
To Property Tax |
0.027 |
By Dividend Income |
0.000 |
|
To Bank |
0.000 |
By Gift received from sister |
1.000 |
|
By Drawing |
2.185 |
By Interest Income from PPF |
0.062 |
|
By Balance c/d |
22.185 |
By PPF Contribution upto 31.03.2013 brought
into book |
0.705 |
|
|
|
|
|
|
|
26.306 |
|
26.306 |
----------------------------------------------------------------------------------------------------------------------------
MR. PRAHALAD KUMAR JAIN
TRIAL BALANCE
(AS ON 31.03.2014)
(RS. IN MILLION)
|
PARTICULARS |
Debit Amount |
Credit Amount |
|
Capital Account |
|
22.193 |
|
Jinal Shah |
|
0.270 |
|
Kunal Jain |
|
0.695 |
|
Prahalad Kumar Jain HUF |
|
0.885 |
|
Milapm Chand Jain HUF |
|
1.463 |
|
Kunal Pharma |
14.718 |
|
|
Pramila Jain |
1.789 |
|
|
Housing plot at Rasoolpura |
4.315 |
|
|
Office premises at Ahmedabad |
1.188 |
|
|
Flat at Airlines Tower B-3 |
1.613 |
|
|
ICICI Prudential Life Insurance |
1.000 |
|
|
Indraprasth Medical Corp Shares |
0.005 |
|
|
India Infoline |
0.006 |
|
|
IDFC Infra Bonds – 2011 |
0.030 |
|
|
Public Provident Fund |
0.806 |
|
|
Tamilnadu Mercantile Bank SB A/c – 1 |
0.005 |
|
|
Tamilnadu Mercantile Bank SB A/c – 2 |
0.030 |
|
|
Cash on Hand |
0.001 |
|
|
|
|
|
|
Total |
25.506 |
25.506 |
----------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS
· Office Equipment
· Furniture and Fixture
· Computer
· Motor Car
· Scooter
· Cycle
----------------------------------------------------------------------------------------------------------------------------
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.63.20 |
|
|
1 |
Rs.97.01 |
|
Euro |
1 |
Rs.69.34 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
---- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.