MIRA INFORM REPORT
|
Report No. : |
324719 |
|
Report Date : |
29.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
KAYNES TECHNOLOGY INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
23-25, Belagola, Food Industrial Estate, Metalgalli P O, Mysore –
570016, Karnataka |
|
Tel. No.: |
91-821-4280259 / 4280270 / 2582595 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation
: |
28.03.2008 |
|
|
|
|
Com. Reg. No.: |
08-045825 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.49.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29128KA2008PTC045825 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
BLRK08538F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCK3295K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in providing Electronic Manufacturing
Service EMS Solutions. |
|
|
|
|
No. of Employees
: |
1100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1300000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. General financial position of the company seems to be sound and
healthy. Liquidity position of the company is fair. Trade relations are fair. Business is active. Payment terms are reported
to be usually correct. The company can be considered for business dealings at usual trade
terms and condition. |
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 |
ICRA |
|
Rating |
Term loan facilities=BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
October 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Fund based facilities=A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
October 2013 |
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.
LOCATIONS
|
Registered Office / Corporate Office /
Factory 1 : |
23-25, Belagola, Food Industrial Estate, Metalgalli P O, Mysore –
570016, Karnataka, India |
|
Tel. No.: |
91-821-4280259 / 4280270 / 2582595 |
|
Fax No.: |
91-821-2282701 / 2582595 |
|
E-Mail : |
commercial@kaynestechnology.net ramesh-kannan@kaynestyechnology.net |
|
Website : |
www.kaynestechnology.net |
|
Area : |
3 Acres |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
Plot No 4, Near Govt.
Middle
Primary School, Sector 5, Parwanoo PO, Solan District – 173
220, Himachal Pradesh, India |
|
Tel. No.: |
91-1792-233045 |
|
|
|
|
Factory 3 : |
Khasra Hope Town, Camp Road, Industrail Area, Selaqui PO, Vikas Nagar, |
|
|
|
|
Factory 4 : |
# A-53, 2nd Main, 2nd Phase, Peenya Industrial Area, |
|
Tel. No.: |
91-80-40902613 / 40902614 |
|
|
|
|
Factory 5 : |
Plot No C-22, Mogappair Industrial Estate, East 6th Block, Chennai – 600037 Tamilnadu, India |
|
Tel. No.: |
91-44-26564175 |
|
|
|
|
Factory 6 : |
Plot No 339,Hebbal Industrial Area, Hebbal Mysore – 570016 Karnataka, India |
|
Tel. No.: |
91-821-4242903 ,4242904 |
|
E-Mail : |
|
|
|
|
|
Factory 7 : |
Plot No : 58, Sector 6 , IMT Manesar , GURGAON – 122050 , Haryana Delhi, India |
|
Tel. No.: |
91-124-4370261 |
|
|
|
|
Overseas Office 1 : |
|
|
Tel. No.: |
414-339-8866 |
|
E-Mail : |
|
|
|
|
|
Overseas Office 2 : |
|
|
Tel. No.: |
856-649-9320 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Ramesh Kunhikannan |
|
Designation : |
Managing Director |
|
Address : |
Rukrani Emerald Enclave, Belavadi Post, Mysore – 570 018, Karnataka,
India |
|
Date of Birth/Age : |
28.02.1964 |
|
Date of Appointment : |
24.09.2012 |
|
PAN No.: |
AGSPK2014Q |
|
DIN No.: |
02063167 |
|
|
|
|
Name : |
Mrs. Savitha Ramesh |
|
Designation : |
Director |
|
Address : |
Rukrani Emerald Enclave, Belavadi Post, Mysore – 570 018, Karnataka,
India |
|
Date of Birth/Age : |
04.03.1972 |
|
Date of Appointment : |
28.03.2008 |
|
PAN No.: |
AHQPS3290P |
|
DIN No.: |
01756684 |
|
|
|
|
Name : |
Podila Pandu Ranga Rao |
|
Designation : |
Additional director |
|
Address : |
25, Flat No.B1, Ashok Ganapathim, 4th Main Road, Raja
Annamalaipuram, Chennai – 600028, Tamilnadu, India |
|
Date of Birth/Age : |
25.06.1947 |
|
Date of Appointment : |
10.03.2012 |
|
PAN No.: |
ABPPR0221G |
|
DIN No.: |
02356232 |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Ramesh Kunhikannan |
4947509 |
|
Savitha Ramesh |
2475 |
|
Yogesh Madhu Talrejn |
1 |
|
Damodar Bathija |
1 |
|
G. Sunil Kumar |
1 |
|
M. Gopal Jadwani |
1 |
|
Mona Rajkumar Gokllancy |
1 |
|
Rajkumar T Gokllancy |
1 |
|
Om Sai Associates |
1 |
|
Somya Roop Goklancy |
1 |
|
Gabindran Krishnadas Chawla and Bros. |
1 |
|
Shanthi Bai |
1 |
|
Prakashchand Kothari |
1 |
|
Usha Hariram |
1 |
|
Purshitam Tirthdas Bathija |
1 |
|
Sunitha Bathija |
1 |
|
Hariram Amarchand |
1 |
|
Abishek Totlani |
1 |
|
|
|
|
Total |
4950000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in providing Electronic Manufacturing
Service EMS Solutions. |
|
|
|
|
Products / Services : |
Electronic Manufacturing Service EMS Solutions |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
|
|
Products : |
Electronic Manufacturing Service EMS Solutions |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Electronic Manufacturing Service EMS Solutions |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
1100 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· Export-Import Bank of India, Center One Building, Floor 21, World Trade Centre, Cuffe Parade, Mumbai – 400 005, Maharashtra, India · HDFC Bank Limited ·
The South Indian Bank Limited Door No. 50, 51,
1st Floor, Devaraj Urs Road, Mysore - 570001, Karnataka, India |
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Financial Institution : |
L
and T Finance Limited, Unit No. 1, No 306, 3rd Floor, Pride
Hulkul, Lalbagh Road, Bangalore - 560027, Karnataka, India |
|
|
|
|
Auditors : |
|
|
Name : |
Varma and Varma Chartered Accountants |
|
Address : |
#
424, 4th `C’ Main, 6th
Cross, OMBR Layout Banaswadi, Bangalore – 560043, Karnataka, India |
|
PAN
No. : |
AABFV9555E |
|
|
|
|
Membership : |
-- |
|
|
|
|
Associates : |
|
|
|
|
|
Subsidiary company
: |
|
|
|
|
|
Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and
their relatives : |
|
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4950000 |
Equity Shares |
Rs.10/- each |
Rs.49.500 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 |
49.500 |
49.500 |
25.000 |
|
(b) Reserves & Surplus |
421.818 |
356.122 |
294.154 |
|
(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) |
471.318 |
405.622 |
319.154 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
32.101 |
51.064 |
31.043 |
|
(b) Deferred tax liabilities (Net) |
30.900 |
25.593 |
15.929 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
2.802 |
0.762 |
0.016 |
|
Total Non-current
Liabilities (3) |
65.803 |
77.419 |
46.988 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
782.848 |
552.765 |
322.060 |
|
(b) Trade
payables |
616.526 |
561.993 |
397.066 |
|
(c) Other current
liabilities |
135.837 |
92.734 |
64.641 |
|
(d) Short-term
provisions |
19.361 |
26.431 |
29.705 |
|
Total Current
Liabilities (4) |
1554.572 |
1233.923 |
813.472 |
|
|
|
|
|
|
TOTAL |
2091.693 |
1716.964 |
1179.614 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
272.222 |
235.364 |
179.071 |
|
(ii)
Intangible Assets |
1.259 |
2.666 |
2.812 |
|
(iii)
Capital work-in-progress |
2.064 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
28.044 |
19.358 |
14.458 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
29.275 |
27.329 |
38.527 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
332.864 |
284.717 |
234.868 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
613.636 |
416.394 |
389.211 |
|
(c) Trade
receivables |
894.697 |
870.121 |
465.529 |
|
(d) Cash
and cash equivalents |
66.941 |
51.084 |
53.692 |
|
(e)
Short-term loans and advances |
182.016 |
93.287 |
35.782 |
|
(f) Other
current assets |
1.539 |
1.361 |
0.532 |
|
Total
Current Assets |
1758.829 |
1432.247 |
944.746 |
|
|
|
|
|
|
TOTAL |
2091.693 |
1716.964 |
1179.614 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2372.414 |
2084.602 |
1585.132 |
|
|
|
Other Income |
15.731 |
11.704 |
9.383 |
|
|
|
TOTAL |
2388.145 |
2096.306 |
1594.515 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
2176.915 |
1874.021 |
1396.924 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
211.230 |
222.285 |
197.591 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
87.057 |
66.851 |
56.418 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
124.173 |
155.434 |
141.173 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
28.070 |
22.302 |
16.869 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
96.103 |
133.132 |
124.304 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
30.407 |
46.664 |
36.576 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
65.696 |
86.468 |
87.728 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
13.00 |
17.47 |
17.72 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
3200.000 |
The above information has been parted by Mr. Prafhul
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
28.066 |
30.917 |
16.572 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
2.77 |
4.15 |
5.53 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
8.90 |
10.66 |
12.47 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.66 |
7.84 |
10.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.33 |
0.39 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.79 |
1.56 |
1.16 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13 |
1.16 |
1.16 |
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 |
25.000 |
49.500 |
49.500 |
|
Reserves & Surplus |
294.154 |
356.122 |
421.818 |
|
Net
worth |
319.154 |
405.622 |
471.318 |
|
|
|
|
|
|
long-term borrowings |
31.043 |
51.064 |
32.101 |
|
Short term borrowings |
322.060 |
552.765 |
782.848 |
|
Current Maturities of Long
term debt |
16.572 |
30.917 |
28.066 |
|
Total
borrowings |
369.675 |
634.746 |
843.015 |
|
Debt/Equity
ratio |
1.158 |
1.565 |
1.789 |
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 |
1585.132 |
2084.602 |
2372.414 |
|
|
|
31.510 |
13.807 |
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
|
1585.132 |
2084.602 |
2372.414 |
|
Profit |
87.728 |
86.468 |
65.696 |
|
|
5.53% |
4.15% |
2.77% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Short Term Borrowings |
|
|
|
Working capital
loans from banks |
78.119 |
0.000 |
|
Loans and
advances from related parties |
7.882 |
21.906 |
|
Other loans and
advances |
33.900 |
36.600 |
|
|
|
|
|
Total |
119.901 |
58.506 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10538016 |
10/12/2014 |
155,000,000.00 |
EXPORT-IMPORT BANK OF INDIA |
CENTRE ONE BUILDING , WORLD TRADE COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C37716263 |
|
2 |
10482722 |
04/02/2014 |
1,570,000.00 |
THE SOUTH INDIAN BANK LIMITED |
DOOR NO. 50, 51, 1ST FLOOR, DEVARAJ URS ROAD, MYSORE, KARNATAKA - 570001, INDIA |
B98534084 |
|
3 |
10464082 |
12/11/2013 |
10,000,000.00 |
L & T FINANCE LIMITED |
UNIT
NO. 1, NO 306, 3RD FLOOR, PRIDE HULKUL,, LAL |
B91074989 |
|
4 |
10460920 |
11/11/2013 |
5,995,000.00 |
THE SOUTH INDIAN BANK LIMITED |
DOOR NO. 50, 51, 1ST FLOOR, DEVARAJ URS ROAD, MYSORE, KARNATAKA - 570001, INDIA |
B89739312 |
|
5 |
10460918 |
21/10/2013 |
750,000.00 |
THE SOUTH INDIAN BANK LIMITED |
DOOR NO. 50, 51, 1ST FLOOR, DEVARAJ URS ROAD, MYSORE, KARNATAKA - 570001, INDIA |
B89739023 |
|
6 |
10369063 |
17/10/2014 * |
50,000,000.00 |
ING VYSYA BANK LIMITED |
22,GROUND FLOOR,ING VYSYA HOUSE, M.G.ROAD,, BANGALORE, KARNATAKA - 560001, INDIA |
C34671446 |
|
7 |
10369075 |
17/10/2014 * |
380,000,000.00 |
ING VYSYA BANK LIMITED |
22,GROUND FLOOR,ING VYSYA HOUSE, M.G.ROAD,, BANGALORE, KARNATAKA - 560001, INDIA |
C34669986 |
|
8 |
10248552 |
29/09/2010 |
730,000.00 |
CANARA BANK |
NO 6, TEMPLE ROAD,, JAYALAKSHMIPURAM MYSORE, MYSORE, KARNATAKA - 570012, INDIA |
A97846158 |
|
9 |
10229604 |
18/09/2010 * |
31,000,000.00 |
KARNATAKA STATE FINANCIAL CORPORATION |
SOWRABHA CHAMBERS, LASHKAR MOHALLA, SRI HARSHA ROAD, MYSORE, KARNATAKA - 570001, INDIA |
A96077938 |
|
10 |
10210067 |
01/03/2010 |
800,000.00 |
CANARA BANK |
NO.6,
TEMPLE ROAD, JAYALAKSHMIPURAM, MYSORE, KARN |
A81951410 |
|
11 |
10188885 |
02/11/2009 |
12,500,000.00 |
KARNATAKA STATE FINANCIAL CORPORATION |
2716, L-4, 1ST FLOOR, LASHKAR MOHALLA, SRI HARSHA ROAD, MYSORE, KARNATAKA - 570001, INDIA |
A73754186 |
|
12 |
10143013 |
27/06/2014 * |
509,730,000.00 |
CANARA BANK |
JAYALAKSHMIPURAM
BRANCH, NO.6, TEMPLE ROAD,, JAYA |
C18308593 |
*Date of modification Charges
FIXED ASSETS:
· Land
· Buildings
· 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.63.90 |
|
|
1 |
Rs.98.16 |
|
Euro |
1 |
Rs.69.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
50 |
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.