MIRA INFORM REPORT
|
Report No. : |
318637 |
|
Report Date : |
09.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
KISALAYA HERBALS LIMITED |
|
|
|
|
Registered
Office : |
303, Alankar Chambers, 2-A, Ratlam Kothi, |
|
Tel. No.: |
91-731-4065904 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
12.04.1985 |
|
|
|
|
Com. Reg. No.: |
10-002823 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 10.666 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24232MP1985PLC002823 |
|
|
|
|
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
: |
Manufacturer and Exporter of Herbal Extracts and Phytochemical. |
|
|
|
|
No. of Employees
: |
35 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 52000 |
|
|
|
|
Status : |
Moderate |
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|
|
Payment Behaviour : |
Unknown |
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|
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Litigation : |
Clear |
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|
Comments : |
Subject is established company and having moderate track record. As per registrar of companies the date of balance sheet (i.e. financial
field) is shown as on 31.03.2014 but the document relocated to the financials
are not available from any sources. The reserves position of company is
reported to be low. However trade relation can be suggested as fair but the payment are
reported unknown. The company can be considered for business bat with some cautions. |
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. Mohite |
|
Designation : |
Marketing Manager |
|
Contact No.: |
91-8463098981 |
|
Date : |
18.04.2015 |
LOCATIONS
|
Registered Office / Factory : |
303, Alankar Chambers, 2-A, Ratlam Kothi, Indore – 452001, Madhya
Pradesh, India |
|
Tel. No.: |
91-731-4065904/ 2519904/ 3042025 |
|
Mobile No.: |
91-8463098981 (Mr. Mohite) |
|
Fax No.: |
91-731-2524258 |
|
E-Mail : |
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|
Website : |
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|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Rajeev Deshmukh |
|
Designation : |
Managing Director |
|
Address : |
501, South Pride, 8/3, South Tukoganji, Indore – 452001, Madhya
Pradesh, India |
|
Date of Birth/Age : |
12.10.1959 |
|
Date of Appointment : |
24.11.1986 |
|
DIN No.: |
00393079 |
OTHER DIRECTORSHIP:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U24232MP1985PLC002823 |
KISALAYA HERBALS
LIMITED |
Managing
director |
01/10/2011 |
24/11/1986 |
Active |
NO |
|
Name : |
Ms. Rajshree Deshmukh |
|
Designation : |
Director |
|
Address : |
501, South Pride, 8/3, South Tukoganji, Indore – 452001, Madhya
Pradesh, India |
|
Date of Birth/Age : |
01.02.1964 |
|
Date of Appointment : |
22.06.2007 |
|
DIN No.: |
00397128 |
OTHER DIRECTORSHIP:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U24232MP1985PLC002823 |
KISALAYA HERBALS
LIMITED |
Whole-time
director |
01/10/2011 |
22/06/2007 |
Active |
NO |
|
Name : |
Mr. Jaishivrao Chalukey Patil |
|
Designation : |
Director |
|
Address : |
Flat No. 2, Guru Kripa Apartment 13, R K Puram CLY, Indore
– 452009, Madhya Pradesh, India |
|
Date of Birth/Age : |
22.11.1945 |
|
Date of Appointment : |
27.01.2003 |
|
DIN No.: |
02609127 |
OTHER DIRECTORSHIP:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U24232MP1985PLC002823 |
KISALAYA HERBALS
LIMITED |
Whole-time
director |
01/10/2011 |
27/01/2003 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Mohite |
|
Designation : |
Marketing Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Name
of Shareholders |
No.
of Shares |
%age |
|
Rajiv Deshmukh |
1,245,581 |
92.16 |
|
Meenal Chalukya |
10,000 |
0.74 |
|
Shirish Deshmukh |
6,000 |
0.44 |
|
V. Deshmukh |
18,000 |
1.33 |
|
Rajshree Deshmukh |
43,000 |
3.18 |
|
Ajay Chalukya |
11,000 |
0.81 |
|
Jaishivrao Chalukey Patil |
18,000 |
1.33 |
|
TOTAL |
1,351,581 |
100.00 |
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 and Exporter of Herbal Extracts and Phytochemical. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash, Cheque |
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Purchasing : |
Cash, Cheque |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
35 (Approximately) |
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Bankers : |
State Bank of India, SME City Centre, 2nd floor, Regional,
Business Office, Premises, Near GPO, Indore -452001, Madhya Pradesh, India. |
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Facilities : |
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Banking
Relations : |
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Auditors : |
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|
Name : |
C. H. Padiliya and Company Chartered Accountants |
|
Address : |
90, Dawa Bazar, 2nd Floor, 13-14, RNT Marg, Indore – 452001,
Madhya Pradesh, India |
|
Tel. No.: |
91-2704343/4133 |
|
PAN No.: |
AABFC9385S |
|
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|
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1066581 |
Equity Shares |
Rs.10/- each |
Rs. 10.666
Million |
|
|
|
|
|
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1351581 |
Equity Shares |
Rs.10/- each |
Rs. 13.516
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
10.666 |
10.666 |
5.535 |
|
(b) Reserves & Surplus |
7.694 |
6.031 |
4.796 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.100 |
0.100 |
3.231 |
|
Total
Shareholders’ Funds (1) + (2) |
18.460 |
16.797 |
13.562 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
8.246 |
7.058 |
1.050 |
|
(b) Deferred tax liabilities
(Net) |
1.555 |
1.586 |
1.525 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.160 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
9.961 |
8.644 |
2.575 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
8.901 |
8.949 |
8.905 |
|
(b) Trade payables |
17.594 |
19.136 |
20.08 |
|
(c) Other current liabilities |
3.598 |
3.432 |
2.739 |
|
(d) Short-term provisions |
0.862 |
0.711 |
0.63 |
|
Total
Current Liabilities (4) |
30.955 |
32.228 |
32.354 |
|
|
|
|
|
|
TOTAL |
59.376 |
57.669 |
48.491 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
14.403 |
12.379 |
8.466 |
|
(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 |
0.737 |
0.496 |
0.397 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
15.140 |
12.875 |
8.863 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
17.775 |
18.676 |
12.888 |
|
(c) Trade receivables |
21.465 |
20.337 |
23.206 |
|
(d) Cash and cash equivalents |
0.841 |
0.726 |
0.357 |
|
(e) Short-term loans and
advances |
3.363 |
4.274 |
3.156 |
|
(f) Other current assets |
0.792 |
0.781 |
0.021 |
|
Total
Current Assets |
44.236 |
44.794 |
39.628 |
|
|
|
|
|
|
TOTAL |
59.376 |
57.669 |
48.491 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
89.522 |
74.148 |
71.531 |
|
|
Other Income |
1.297 |
2.309 |
0.148 |
|
|
TOTAL
(A) |
90.819 |
76.457 |
71.679 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Material Consumed |
48.900 |
44.454 |
44.021 |
|
|
Manufacturing Expenses |
13.967 |
11.838 |
9.935 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.366 |
(4.898) |
(1.283) |
|
|
Employees benefits expense |
11.701 |
11.445 |
8.723 |
|
|
Other expenses |
9.589 |
8.074 |
6.627 |
|
|
TOTAL
(B) |
84.523 |
70.913 |
68.023 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
6.296 |
5.544 |
3.656 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.708 |
2.628 |
1.624 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3.588 |
2.916 |
2.032 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
1.419 |
1.220 |
0.877 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
2.169 |
1.696 |
1.155 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
0.505 |
0.461 |
0.402 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
1.664 |
1.235 |
0.753 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
NA |
3.382 |
40.821 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
1.56 |
2.21 |
1.36 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
Net Profit Margin |
(%) |
1.86 |
1.67 |
1.05 |
|
|
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
7.03 |
7.48 |
5.11 |
|
|
|
|
|
|
|
|
|
Return on Total Assets |
(%) |
3.65 |
2.94 |
2.38 |
|
|
|
|
|
|
|
|
|
Return on Investment (ROI) |
|
0.12 |
0.10 |
0.09 |
|
|
|
|
|
|
|
|
|
Debt Equity Ratio |
|
0.93 |
0.95 |
0.73 |
|
|
|
|
|
|
|
|
|
Current Ratio |
|
1.43 |
1.39 |
1.22 |
|
FINANCIAL ANALYSIS
[all figures are in
Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
10.666 |
10.666 |
10.666 |
|
Reserves & Surplus |
6.031 |
6.031 |
7.694 |
|
Net
worth |
16.697 |
16.697 |
18.360 |
|
|
|
|
|
|
long-term borrowings |
1.050 |
7.058 |
8.246 |
|
Short term borrowings |
8.905 |
8.949 |
8.901 |
|
Total
borrowings |
9.955 |
16.007 |
17.147 |
|
Debt/Equity
ratio |
0.596 |
0.959 |
0.934 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
71.531 |
74.148 |
89.522 |
|
|
|
3.659 |
20.734 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR) |
(INR) |
(INR) |
|
Sales |
71.531 |
74.148 |
89.522 |
|
Profit |
0.753 |
1.235 |
1.664 |
|
|
1.05% |
1.67% |
1.86% |
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 |
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) |
Yes |
|
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 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10444106 |
13/08/2013 |
7,000,000.00 |
MADHYA PRADESH
FINANCIAL CORPORATION |
NAVRATAN BAG, OPP. ST. PAUL PRIMARY
SCHOOL, INDORE, |
B82604422 |
|
2 |
10395878 |
05/01/2013 |
4,000,000.00 |
MADHYA PRADESH
FINANCIAL CORPORATION |
NAVRATAN BAG, OPP. ST. PAUL PRIMARY
SCHOOL, INDORE, |
B65474876 |
|
3 |
10300424 |
20/06/2011 |
1,850,000.00 |
STATE BANK OF INDIA |
SMALL AND MEDIUM ENTERPRISES CITY CREDIT
CENTRE, 3RD, FLOOR, SBI BUILDING, 5,
Y. N. ROAD,INDORE, INDORE, MADHYA PRADESH - 452003, INDIA |
B18148353 |
|
4 |
10280513 |
18/04/2011 |
7,500,000.00 |
MADHYA PRADESH
FINANCIAL CORPORATION |
NAVRATAN BAG, OPP. ST. PAUL PRIMARY
SCHOOL, INDORE, MADHYA PRADESH - 452001, INDIA |
B10757433 |
|
5 |
10071097 |
04/10/2007 |
3,000,000.00 |
M. P. FINANCIAL
CORPORATION |
FINANCE HOUSE, A. B. ROAD,, INDORE, MADHYA
PRADESH |
A24974842 |
|
6 |
10004972 |
01/06/2006 |
2,500,000.00 |
MP FINANCIAL
CORPORATION |
A.B .ROAD, INDORE, MADHYA PRADESH -
452001, INDIA |
A01470442 |
|
7 |
90206405 |
06/08/2005 |
3,500,000.00 |
MADHYA PRADESH
FINANCIAL CORPORATION |
FINANCE HOUSE, A.B. ROAD, INDORE, MADHYA
PRADESH, |
- |
|
8 |
90206044 |
27/01/2004 |
10,000,000.00 |
MADHYA PRADESH
FINANCIAL CORPORATION |
FINANCE HOUSE, A.B. ROAD, INDORE, MADHYA
PRADESH, |
- |
|
9 |
90205743 |
12/12/2001 |
2,500,000.00 |
MADHYA PRADESH
FINANCIAL CORPORATION |
FINANCE HOUSE, A.B. ROAD, INDORE, MADHYA
PRADESH, |
- |
|
10 |
90205287 |
19/11/1997 |
2,500,000.00 |
MADHYA PRADESH
FINANCIAL CORPORATION |
FINANCE HOUSE, INDORE, MADHYA PRADESH,
INDIA |
- |
|
11 |
90205277 |
27/10/1997 |
400,000.00 |
STATE BANK OF INDIA |
M.G. ROAD BRANCH, INDORE, MADHYA PRADESH,
INDIA |
- |
|
12 |
90202592 |
09/01/2014 * |
15,500,000.00 |
STATE BANK OF INDIA |
SME BRANCH, KHEL PRASHAL, INDORE, MADHYA
PRADESH |
B95235305 |
|
13 |
90204732 |
29/03/2001 * |
850,000.00 |
STATE BANK OF INDIA |
M.G. ROAD BRANCH, INDORE, MADHYA PRADESH,
INDIA |
- |
|
14 |
90201381 |
02/01/1990 |
700,000.00 |
THE MADHYA PRADESH FINANCIAL CORPORATION |
FINANCE HOUSE, A.B. ROAD, INDORE, MADHYA
PRADESH |
- |
|
15 |
90204706 |
24/10/1989 |
300,000.00 |
STATE BANK OF INDIA |
M.G. ROAD BRANCH, INDORE, MADHYA PRADESH,
INDIA |
- |
|
16 |
90204621 |
12/02/1988 |
3,100,000.00 |
MADHYA PRADESH FINANCIAL CORPORATION |
FINANCE HOUSE, A.B. ROAD, INDORE, MADHYA
PRADESH |
- |
FIXED ASSETS
- Land and Buildings
- Furniture and Fixture
- Plant and machinery
- Tools and Jiggs
- Laboratory Equipment
- Fire Fighting Equipment
- Fax Machine
- Computer
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject are
derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.04 |
|
|
1 |
Rs.99.03 |
|
Euro |
1 |
Rs.71.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
MJU |
|
|
|
|
Analysis Done by
: |
KSY |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
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.