MIRA INFORM REPORT
|
Report No. : |
344158 |
|
Report Date : |
08.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
KIMBERLY-CLARK HYGIENE PRODUCTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No. 279, Raisoni Industrial Park, Village Mann, Taluka Mulshi,
Pune – 411057, Maharashtra |
|
Tel. No.: |
91-20-30547263 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
28.09.1995 |
|
|
|
|
Com. Reg. No.: |
11-093191 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 96.500
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21015MH1995PTC093191 |
|
|
|
|
IEC No.: |
3196003701 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
PNEK01206C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK8700G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Personal and Healthcare Products, Consumer and Commercial
Tissue and Wipers, etc. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
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 a subsidiary of “Kimberly-Clark Worldwide Inc., United
States”. It is an established company having satisfactory track record. The rating on company reflects healthy financial risk profile marked
by growing scale of its operations, healthy profitability backed by its
negligible debt and strong liquidity. The rating also takes into consideration the established brand name
one of its baby care product in India i.e. Huggies, Disposable Diapers.
Rating continue to derive strength on strong financial and managerial support
receive from its holding company. Trade relations are fair. Business is active. Payments terms are
reported are usually correct. In view of aforesaid, the company can be considered normal for
business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
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
31-03-2015.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE
[CONTACT NO.: 91-20-30547175]
LOCATIONS
|
Registered Office/ Factory : |
Survey No. 279, Raisoni Industrial Park, Village Mann, Taluka Mulshi,
Pune – 411057, Maharashtra, India |
|
Tel. No.: |
91-20-30547263/ 30547175/ 39064048 |
|
Fax No.: |
91-20-22934991/ 22939118 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 26.09.2014
|
Name : |
Mr. Anuj Harendraprasad Sinha |
|
Designation : |
Director |
|
Address : |
Row House 34, S. No. 122, H. No. 1+2+3, Dwarakaheesh Residency, Pimple
Saudagar, Pune – 411027, Maharashtra, India |
|
Date of Birth/Age : |
18.04.1979 |
|
Date of Appointment : |
20.08.2014 |
|
DIN No.: |
00902382 |
|
|
|
|
Name : |
Riko Setyabudhy Handoko |
|
Designation : |
Director |
|
Address : |
Villa Melati Mas BLKJ-6/01 RT 03/06 PD Jagung Serpong Tangerang
Indonesia RT0306 |
|
Date of Birth/Age : |
16.05.1973 |
|
Date of Appointment : |
03.03.2009 |
|
DIN No.: |
02574107 |
|
|
|
|
Name : |
Mr. Vinod Parameswaran |
|
Designation : |
Director |
|
Address : |
Flat No. 12, Building E, Harasha Vihar, S. No. 163/1+2A+2B, Anudh,
Pune – 411007, Maharashtra, India |
|
Date of Birth/Age : |
20.01.1971 |
|
Qualification : |
MBA |
|
Experience : |
19 Years |
|
Date of Appointment : |
20.09.2012 |
|
DIN No.: |
06379472 |
|
|
|
|
Name : |
Mr. Vikas Singh |
|
Designation : |
Director |
|
Address : |
C-72, Icon DLF Phase V, Gurgaon – 122009, Haryana, India |
|
Date of Birth/Age : |
18.07.1967 |
|
Date of Appointment : |
18.08.2014 |
|
DIN No.: |
06879472 |
|
|
|
|
Name : |
Richard Keith Thorne |
|
Designation : |
Director |
|
Address : |
19 Emerald Hill Road, Singapore 229301 |
|
Date of Birth/Age : |
23.09.1959 |
|
Date of Appointment : |
20.08.2014 |
|
DIN No.: |
06952384 |
KEY EXECUTIVES
|
Name : |
Mr. Anil Chandak |
|
Designation : |
Secretary |
|
Address : |
Kunkad Gold Coast, Flat No. C1/202, Viman Nagar, Pune – 411014,
Maharashtra, India |
|
Date of Birth/Age : |
03.03.1977 |
|
Date of Appointment : |
16.05.2013 |
|
PAN No.: |
ACSPC1164F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Kimberly Clark Worldwide Inc., USA |
|
9649994 |
|
Kimberly Clark Worldwide Inc., USA jointly with Riko Handoko |
|
2 |
|
Kimberly Clark Worldwide Inc., USA jointly with Vinod Parmeswaran |
|
2 |
|
Kimberly Clark Worldwide Inc., USA jointly with Rodney Olsen |
|
2 |
|
|
|
|
|
Total |
|
9650000 |
AS ON 26.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Personal and Healthcare Products, Consumer and
Commercial Tissue and Wipers, etc. |
|
|
|
|
Brand Names : |
Adult Care Brands · Depend · Poise · Plenitud Baby and Child Care
Brands · Huggies · Pull-Ups · GoodNites · DryNites · Little Swimmers · Snugglers · Peaudouce · Kleen Bebe · Kleen Bebe Pingos · Green Finger Family Care Brands · Kleenex · Andrex · Hakle · Cottonelle · Scottex · Page · Neve · Petalo · Wondersoft · Tela · Scott · Viva · Thick and Thirsty Feminine Care
Brands · Kotex · Kotex White · Kotex Anydays · Kotex GoodFeel · U by Kotex · Intimus Gel · Lidie · Camelia · Subtelle |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
· Citi Bank |
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
-- |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Khanolkar and Associates Chartered Accountants |
|
Address : |
A-5, Atharva, Mumbai Pune Road, Next to Mayfair Towers, Wakdewadi, Pune -411003, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AJHPK4550B |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Holding company : |
Kimberly Clark World Wide Inc., USA |
|
|
|
|
Companies under
common control : |
· Kimberly Clark Taiwan, Taiwan · Kimberly Clark Taiwan, Taiwan (Branch) · Kimberly-Clark Far East Pte Limited, Singapore · Kimberly-Clark Europe Limited, Europe · Kimberly-Clark Thailand Limited, Thailand · Kimberly-Clark Australia Pty. Limited, Australia · Kimberly Clark Global Sales Inc., USA · Kimberly Clark Hong Kong Limited, Hong Kong · Kimberly Clark Health Care, Japan · Kimberly Clark Paper, Sanghai · Safeskin Corporation (Thailand) Limited, Thailand · Safeskin Medical ánd Scientific (Thailand) Limited · Yuhan-Kimberly Limited - Korea · Kimberly Clark Products (M) Sdn Bhd, Malaysia · Kimberly Clark Malaysia Trading · Kimberly Clark Corporation, USA · Kimberly Clark Worldwide Inc. ,USA · Kimberly Clark Services Asia Pacific Pty Limited, Australia · Kimberly Clark Philippines Limited, Philippines · Kimberly Clark Lever Private Limited, India · Kimberly Clark Regional Services, Malaysia |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 160.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9,650,000 |
Equity Shares |
Rs. 10/- each |
Rs. 96.500
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 [15 Months] |
31.12.2012 |
31.12.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
96.500 |
96.500 |
96.500 |
|
(b) Reserves & Surplus |
197.504 |
119.794 |
43.777 |
|
(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) |
294.004 |
216.294 |
140.277 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
4.083 |
4.512 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
12.680 |
9.182 |
12.158 |
|
Total
Non-current Liabilities (3) |
12.680 |
13.265 |
16.670 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
47.665 |
56.288 |
100.906 |
|
(b)
Trade payables |
354.626 |
201.395 |
125.582 |
|
(c)
Other current liabilities |
15.848 |
4.729 |
1.894 |
|
(d)
Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
418.139 |
262.412 |
228.382 |
|
|
|
|
|
|
TOTAL |
724.823 |
491.971 |
385.329 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
25.631 |
28.732 |
29.402 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
1.873 |
1.873 |
1.873 |
|
(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) |
0.335 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
43.922 |
35.308 |
6.823 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
71.761 |
65.913 |
38.098 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
231.971 |
182.275 |
145.730 |
|
(c)
Trade receivables |
246.509 |
200.780 |
170.975 |
|
(d)
Cash and cash equivalents |
163.349 |
40.037 |
28.945 |
|
(e)
Short-term loans and advances |
11.233 |
2.966 |
1.581 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
653.062 |
426.058 |
347.231 |
|
|
|
|
|
|
TOTAL |
724.823 |
491.971 |
385.329 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 [15 Months] |
31.12.2012 |
31.12.2011 |
|
|
|
|
|
|
|
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL (A) |
1848.692 |
1254.803 |
1028.149 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Stock Decrease/ (Increase) |
|
(36.545) |
(72.638) |
|
|
|
Operating and Other expenses |
|
1199.895 |
1033.823 |
|
|
|
TOTAL (B) |
1725.782 |
1163.350 |
961.185 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
122.910 |
91.453 |
66.964 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.144 |
3.019 |
1.622 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
120.766 |
88.434 |
65.342 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.758 |
4.054 |
4.696 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
115.008 |
84.380 |
60.646 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
37.298 |
8.363 |
25.682 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
77.710 |
76.017 |
34.964 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
119.794 |
43.777 |
8.813 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
197.504 |
119.794 |
43.777 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods calculated on FOB basis |
|
|
28.222 |
|
|
|
Royalty, know- how, Professional and Other income- Revenue fees |
|
|
1.283 |
|
|
TOTAL EARNINGS |
6.333 |
10.209 |
29.505 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
8.05 |
7.88 |
3.62 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2014 [15 Months] |
31.12.2012 |
31.12.2011 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
135.851 |
61.601 |
(46.711) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 [15 Months] |
31.12.2012 |
31.12.2011 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.92 |
17.22 |
15.82 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.39 |
0.39 |
0.43 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.16 |
0.26 |
0.72 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.56 |
1.62 |
1.52 |
Total Liability = Short-term Debt + Long-term Debt + Current Maturities
of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.12.2011 |
31.12.2012 |
31.03.2014
[15
Months] |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
96.500 |
96.500 |
96.500 |
|
Reserves & Surplus |
43.777 |
119.794 |
197.504 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
140.277 |
216.294 |
294.004 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
100.906 |
56.288 |
47.665 |
|
Total
borrowings |
100.906 |
56.288 |
47.665 |
|
Debt/Equity ratio |
0.719 |
0.260 |
0.162 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.12.2011 |
31.12.2012 |
31.03.2014 [15
Months] |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
1028.149 |
1254.803 |
1848.692 |
|
|
|
22.045 |
47.329 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.12.2011 |
31.12.2012 |
31.03.2014
[15
Months] |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
1028.149 |
1254.803 |
1848.692 |
|
Profit |
34.964 |
76.017 |
77.710 |
|
|
3.40% |
6.06% |
4.20% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES: NO CHARGES
EXIST FOR COMPANY
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.12.2012 (Rs.
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Working capital loans from banks |
47.665 |
56.288 |
|
|
|
|
|
Total |
47.665 |
56.288 |
PERFORMANCE:
The Company’s Sales have
gone up both in terms of Volumes and Value and The Company expects the buoyancy
to continue in the next year as well.
Within the Company’s Professional
business segment, Hand Hygiene and Tissue segment witnessed good growth in
volume and value. However Gross Margins remained under pressure, due to pricing
factors. Wipers category showed decent growth, however the segment is under
pressure due to sluggish growth in Auto industry. Their Safety segment
registered phenomenal growth over last year which is heartening since it is a
high-margin category. The Company also introduced Scientific and Technical
(S&T) category this year which is a specialized and high-margin category
and they believe it to fuel their growth buoyancy going forward.
Within the Company’s
Healthcare segment, our high margin Devices category saw huge upswing both in
volumes, value and margins. Surgical category registered impressive growth in
Volume and value, but struggled in margins. Gloves and accessories saw decent
growth in volumes and value, but were extremely profitable.
FIXED ASSETS:
·
Plant and equipment
·
Other plant and equipment
·
Furniture and fixtures
·
Office equipment
·
Computer equipments
·
Other 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. 65.26 |
|
|
1 |
Rs. 99.53 |
|
Euro |
1 |
Rs. 73.47 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
51 |
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.