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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

488933

Report Date :

08.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

KANTA ENTERPRISES PRIVATE LIMITED

 

 

Registered Office :

54, Patparganj Industrial Area, New Delhi-110092

Tel. No.:

91-11-23977077/23977078

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

18.03.2005

 

 

Com. Reg. No.:

55-134222

 

 

Capital Investment / Paid-up Capital :

INR 6.600 Million

 

 

CIN No.:

[Company Identification No.]

U51909DL2005PTC134222

 

 

IEC No.:

0509043721

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AACCK5554C

 

 

GSTIN/UIN :

09AACCK5554C1ZN

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :
  • Manufacturer, Exporter and Supplier of Basil Oil, Rosemary Oil, Grape Fruit Oil, Rose Wood Oil, Tea Tree Oil, Jasmin Sandalwood Oil, etc. (Confirmed by management)

 

  • The main business of the company is trading. (Registered Activity)

 

  • Dealing in all kinds of flexible packaging, card board packing, corrugated, packing, pillow packing, polythene packing, containers, bottles. (As per Memorandum of Association)

 

 

No. of Employees :

26 (Approximately)

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Maximum Credit Limit :

USD 58000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company incorporated in the year 2005 having satisfactory track records.

 

For the financial year ended 2017, the company has witnessed a healthy growth in its revenue and has achieved fair profit margin at 1.31% (approximately).

 

The company possesses sound financial profile marked by decent networth base along with favourable gap between trade payables to its trade receivables.

 

However, the rating strength is partially offset by excess of borrowings recorded by the company.

 

Trade relations are reported as fair. Business is active. Payment terms are seems to be usually correct and as per commitments.

 

In view of the aforesaid, the company 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

 

Country Name

Previous Rating

(30.06.2017)

Current Rating

(30.09.2017)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

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 31-03-2016.

 

 

BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS

 

Subject’s name is not listed as a Sick Unit in the publicly available BIFR (Board for Industrial & Financial Reconstruction) list as of 08.02.2018

 

 

IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS

 

Subject’s name is not listed in the publicly available IBBI (Insolvency and Bankruptcy Board of India) list as of report date.

 

 

INFORMATION PARTED BY (GENERAL DETAILS)

 

Name :

Mr. S. Mittal

Designation :

Accountant

Contact No.:

91-8071676793

Date :

04.02.2018

 

 

LOCATIONS

 

Registered Office :

54, Patparganj Industrial Area, New Delhi-110092, India

Tel. No.:

91-11-23977077/23977078

Mobile No.:

91-8071676793/9871480666 (Mr. S. Mittal)

Fax No.:

91-11-23914267

E-Mail :

kelp@kantagroup.in

Location :

Owned

 

 

Factory  :

A-38, Sector 80, Phase 2, Noida-201305, Uttar Pradesh, India

Tel. No.:

91-120-4529903

Fax No.:

91-120-4529922

 

 

DIRECTORS

 

As on 31.03.2017

 

Name :

Mr. Anil Kumar Gupta

Designation :

Director

Address :

B-77, Sector-14 Noida-201301, Uttar Pradesh, India

Date of Birth/ Age :

20.12.1964

Date of Appointment :

18.03.2005

DIN No.:

00021813

Other Directorship:

 

CIN/FCRN

Company Name

Begin Date

End Date

U74899DL1985PTC019897

J K AEROMA PRIVATE LTD

19/01/1985

-

U74899DL1987PTC027065

KANTA CHEMICALS PRIVATE LIMITED

04/04/1990

-

U74950DL1990PLC040856

KANTAS TRACK-PACK INDIA LIMITED

17/07/1990

-

U74899DL1992PTC049757

KANTA CREDITS AND HOLDING PRIVATE LIMITED

19/07/1994

-

U21014DL2007PTC157711

STAR PACK PRIVATE LIMITED

11/01/2007

-

U45203MH2004PTC147645

CHEER DEVELOPERS AND DISTRIBUTORS PRIVATE LIMITED

25/11/2007

-

U80211DL2006PTC155779

STAR ONE MANAGEMENT STUDIES PRIVATE LIMITED

22/11/2006

-

 

 

Name :

Mr. Alok Kumar Gupta

Designation :

Director

Address :

B-77, Sector-14 Noida-201301, Uttar Pradesh, India

Date of Birth/ Age :

12.12.1963

Date of Appointment :

18.03.2005

DIN No.:

00116948

Other Directorship:

 

CIN/FCRN

Company Name

Begin Date

End Date

U74899DL1985PTC019897

J K AEROMA PRIVATE LTD

19/01/1985

-

U74899DL1987PTC027065

KANTA CHEMICALS PRIVATE LIMITED

19/02/1987

-

U74950DL1990PLC040856

KANTAS TRACK-PACK INDIA LIMITED

07/05/1992

-

U74899DL1991PTC044779

NATURAL AROMATICS PRIVATE LIMITED

01/02/1993

-

U74899DL1992PTC049757

KANTA CREDITS AND HOLDING PRIVATE LIMITED

18/07/1997

-

U51420DL1999PTC100740

ATM EXIM PVT LTD

19/07/1999

-

 

 

KEY EXECUTIVES

 

Name :

Mr. S. Mittal

Designation :

Accountant

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 31.03.2017

 

Names of Shareholders

 

No. of Shares

Anil Kumar Gupta

 

204998

Alok Kumar Gupta

 

204998

Ashish Gupta

 

54000

Akhil Gupta

 

40000

Rachna Gupta

 

40000

Sangeeta Gupta

 

40000

P. D. Gupta

 

36000

Renu Gupta

 

20000

Puneet Gupta

 

20000

P. D. Gupta HUF

 

1

Alok Kumar Gupta HUF

 

1

J J Sons HUF

 

1

Trilok Chandi Sunil Kumar

 

1

Chando Devil Trusul

 

1

 

Equity Share Break up (Percentage of Total Equity)

 

As on 30.09.2017

 

Category

Percentage

Promoters (Individual/Hindu Undivided Family-Indian)

62.12

Public/Other than promoters (Individual/Hindu Undivided Family-Indian)

37.88

Total

100.00

 

 

 

 

 

 

 

BUSINESS DETAILS

 

Line of Business :
  • Manufacturer, Exporter and Supplier of Basil Oil, Rosemary Oil, Grape Fruit Oil, Rose Wood Oil, Tea Tree Oil, Jasmin Sandalwood Oil, etc. (Confirmed by management)

 

  • The main business of the company is trading. (Registered Activity)

 

  • Dealing in all kinds of flexible packaging, card board packing, corrugated, packing, pillow packing, polythene packing, containers, bottles. (As per Memorandum of Association)

 

 

Products/ Services :

Item Code No.

Product/ Services Description

33030040

Perfumes and Perfumery Compounds

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

 

Products :

Finished Goods

Countries :
  • United States of America
  • Indonesia

 

 

Imports :

 

Products :

Raw Material

Countries :
  • Russia
  • Indonesia

 

 

Terms :

 

Selling :

Credit

 

 

Purchasing :

Credit

 

PRODUCTION STATUS NOT AVAILABLE

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

26 (Approximately)

 

 

Bankers :

Bank Name

Kotak Mahindra Bank Limited

Branch

27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (East), Mumbai-400051, Maharashtra, India

Person Name (With Designation)

--

Contact Number

--

Name of Account Holder

--

Account Number

--

Account Since (Date/Year of Account Opening)

--

Average Balance Maintained (If Possible)

--

Credit Facilities Enjoyed (If any)

--

Account Operation

--

Remarks (If any)

--

 

 

Facilities :

Secured Loan

31.03.2017

(INR in Million)

31.03.2016

(INR in Million)

Long-term Borrowings

 

 

PNB Housing Finance

27.259

28.396

Tata Capital Limited

0.178

0.287

Short-term borrowings

 

 

Overdraft with Kotak Mahindra Bank

5.925

13.952

Deutsche Bank Loan against Hypothecation of Stock

0.000

5.601

Total

33.362

48.236

 

Auditors :

 

Name :

TSRK Associates

Chartered Accountants

Address :

178, Rajendra Bhawan, Rajendra Palce, Delhi - 110008, India

Tel. No.:

91-11-25815548

Mobile No.:

91-9810261009/ 9811039696

Income-tax PAN of auditor or auditor's firm :

AAIFT0209L

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Other Related Parties :
  • J J Sons HUF
  • Alok Kumar Gupta HUF
  • Anil Kumar Gupta HUF
  • P.D. Gupta HUF

 

 

CAPITAL STRUCTURE

 

As on 30.09.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1000000

Equity Shares

INR 10/- each

INR 10.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

660000

Equity Shares

INR 10/- each

INR 6.600 Million

 

 

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in INR Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2017

31.03.2016

31.03.2015

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

6.600

6.600

6.600

(b) Reserves & Surplus

13.639

11.883

10.871

(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)

20.239

18.483

17.471

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

104.262

93.873

79.763

(b) Deferred tax liabilities (Net)

3.870

3.440

2.897

(c) Other long term liabilities

1.467

3.687

1.662

(d) Long-term provisions

0.000

0.323

0.278

Total Non-current Liabilities (3)

109.599

101.323

84.600

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

5.925

19.553

15.309

(b) Trade payables

38.203

25.586

31.556

(c) Other current liabilities

0.001

0.000

0.000

(d) Short-term provisions

2.081

1.940

1.477

Total Current Liabilities (4)

46.210

47.079

48.342

 

 

 

 

TOTAL

176.048

166.885

150.413

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

50.150

54.525

58.789

(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

0.024

0.024

0.024

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d) Long-term Loan and Advances

1.868

2.130

1.605

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

52.042

56.679

60.418

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

71.453

68.268

55.360

(c) Trade receivables

47.435

39.838

31.552

(d) Cash and cash equivalents

0.794

0.860

(0.111)

(e) Short-term loans and advances

0.000

0.160

0.797

(f) Other current assets

4.324

1.080

2.397

Total Current Assets

124.006

110.206

89.995

 

 

 

 

TOTAL

176.048

166.885

150.413

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Income

134.284

80.289

68.605

 

Other Income

1.062

1.053

1.482

 

TOTAL

135.346

81.342

70.087

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

111.793

55.053

50.449

 

Purchases of Stock-in-Trade

0.000

0.000

0.000

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

(13.391)

(11.233)

(9.699)

 

Employees benefits expense

3.019

4.479

2.353

 

Other expenses

14.086

11.421

8.962

 

Exceptional Items

0.000

0.052

0.000

 

TOTAL

115.507

59.772

52.065

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

19.839

21.570

18.022

 

 

 

 

 

Less

FINANCIAL EXPENSES

12.454

14.757

12.715

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

7.385

6.813

5.307

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

4.686

5.304

4.111

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

2.699

1.509

1.196

 

 

 

 

 

Less

TAX

0.944

0.496

0.132

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

1.755

1.013

1.064

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

2.66

1.53

1.61

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2017

31.03.2016

31.03.2015

Current Maturities of Long term debt

0.000

0.000

0.000

Cash generated from operations

NA

NA

NA

Net cash flow from operating activity

NA

NA

NA

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

128.93

181.11

167.87

 

 

 

 

Account Receivables Turnover

( Income / Sundry Debtors)

2.83

2.02

2.17

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

124.73

169.63

228.31

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

0.28

0.32

0.33

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

0.40

0.40

0.31

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.85

0.84

0.85

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

5.44

6.14

5.44

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

2.28

2.55

2.77

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

2.48

2.95

3.36

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

1.59

1.46

1.42

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

[(PAT / Sales) * 100]

%

1.31

1.26

1.55

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

1.00

0.61

0.71

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

8.67

5.48

6.09

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

2.68

2.34

1.86

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

1.14

0.89

0.72

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.11

0.11

0.12

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

16.70

17.19

14.40

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

2.68

2.34

1.86

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

 

 

FINANCIAL ANALYSIS

[all figures are in INR Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2015

31.03.2016

31.03.2017

 

INR In Million

INR In Million

INR In Million

Share Capital

6.600

6.600

6.600

Reserves & Surplus

10.871

11.883

13.639

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

17.471

18.483

20.239

 

 

 

 

long-term borrowings

79.763

93.873

104.262

Short term borrowings

15.309

19.553

5.925

Current Maturities of Long term debt

0.000

0.000

0.000

Total borrowings

95.072

113.426

110.187

Debt/Equity ratio

5.442

6.137

5.444

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2015

31.03.2016

31.03.2017

 

INR In Million

INR In Million

INR In Million

Sales

68.605

80.289

134.284

 

 

17.031

67.251

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2015

31.03.2016

31.03.2017

 

INR In Million

INR In Million

INR In Million

Sales

68.605

80.289

134.284

Profit/(Loss)

1.064

1.013

1.755

 

1.55%

1.26%

1.31%

 

 

 

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

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

No

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

 

 

 

 

 

CORPORATE INFORMATION

 

The company is a private company domiciled in India and incorporated under the provisions of the companies act, 1956. The main business of the company is trading.

 

 

UNSECURED LOAN

 

PARTICULARS

31.03.2017

(INR in Million)

31.03.2016

(INR in Million)

Long-term Borrowings

 

 

Unsecured Loans

45.468

42.368

Loan From Directors and Related Parties

31.357

22.822

Total

76.825

65.190

 

 

INDEX OF CHARGES

 

Charges Registered

SNo

SRN

Charge Id

Charge Holder Name

Date of Creation

Date of Modification

Date of Satisfaction

Amount

Address

1

C17757428

10516883

DEUTSCHE BANK AG

21/07/2014

-

-

9000000.0

ECE HOUSE28 KASTURBA GANDHI MARGNEW DELHI 110001 INDIA

2

G02160950

10338414

KOTAK MAHINDRA BANK LIMITED

22/02/2012

19/04/2016

-

28500000.0

27BKC, C 27, G BlockB andra Kurla Complex, Bandra (E), Mumbai MAHARASHTRA 400051 INDIA

3

B72639156

10207609

PUNJAB & SIND BANK

05/03/2010

-

25/03/2013

20000000.0

INDUSTRIAL FINANCE BRANCHP-18/90, CONNAUGHT PLACE NEW DELHI 110001 INDIA

 

FIXED ASSETS

 

  • Land
  • Building
  • Computer
  • Furniture and Fixture
  • Plant and Machinery
  • Vehicles

 

 

 

 

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 records 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

INR

US Dollar

1

INR 64.13

UK Pound

1

INR 89.49

Euro

1

INR 79.43

 

 

INFORMATION DETAILS

 

Information Gathered by :

SUP

 

 

Analysis Done by :

DIV

 

 

Report Prepared by :

SUD

 

 

SCORE FACTORS

 

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

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

 

 

 

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.