MIRA
INFORM REPORT
|
Report Date : |
21.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
ANGELIQUE INTERNATIONAL LIMITED |
|
|
|
|
Registered
Office : |
104-107, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
03.01.1996 |
|
|
|
|
Com. Reg. No.: |
55-075132 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18109DL1996PLC075132 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELA04434D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA4675N |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Project Engineering, Procurement and Construction Company in Power,
Health, Railways, Education, Agriculture, Oil and Gas, Road Construction,
Mining and Drilling Industries. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 6514000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having fine track. General
financial position is good. Trade relations are reported as fair. Business is
active. Payments are reported to be regular and as per commitments. 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.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered/ Head Office : |
104-107, |
|
Tel. No.: |
91-11-26413873 to 75/ 26415683 to 85 |
|
Fax No.: |
91-11-26413876/ 26292042 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Overseas Office : |
Located at:
|
|
|
|
|
Overseas Office : |
|
|
Tel.No.: |
93-799-223726 / 668854 |
|
Email : |
|
|
|
|
|
Overseas Office : |
|
|
Tel.No.: |
855-23-950131 |
|
Email : |
|
|
|
|
DIRECTORS
As on 09.08.2010
|
Name : |
Mr. Daya Krishna Goyal |
|
Designation : |
Whole-time Director |
|
Address : |
D-1086, New Friends Colony, |
|
Date of Birth/Age : |
04/08/1939 |
|
Date of Appointment : |
03/01/1996 |
|
E-Mail : |
|
|
DIN : |
00165563 |
|
|
|
|
Name : |
Mr. Ajay Krishna Goyal |
|
Designation : |
Managing Director |
|
Address : |
D-1086, New Friends Colony, |
|
Date of Birth/Age : |
03/07/1968 |
|
Date of Appointment : |
03/01/1996 |
|
E-Mail : |
|
|
Din : |
00165614 |
|
|
|
|
Name : |
Mr. Mohinder Pratap Gupta |
|
Designation : |
Whole-time Director |
|
Address : |
J-14, |
|
Date of Birth/Age : |
21/10/1954 |
|
Date of Appointment : |
01/05/2001 |
|
E-Mail : |
|
|
DIN : |
00165882 |
|
|
|
|
Name : |
Mr. Sanjay Krishna Goyal |
|
Designation : |
Director |
|
Address : |
D-1086, New Friends Colony, |
|
Date of Birth/Age : |
17/08/1969 |
|
Date of Appointment : |
03/01/1996 |
|
DIN : |
00128703 |
|
|
|
|
Name : |
Mr. Madhava Ravindra |
|
Designation : |
Director |
|
Address : |
1-B, P G P
Manor, 29, |
|
Date of Birth/Age : |
08/12/1939 |
|
Date of Appointment : |
28/03/2007 (Regularised w.e.f. 15.06.2007) |
|
DIN : |
01086790 |
|
|
|
|
Name : |
Mr. Jagadish Janardan Baxi |
|
Designation : |
Director |
|
Address : |
562, F, 4th
Floor, Premier Villa, New |
|
Date of Birth/Age : |
30/10/1938 |
|
Date of Appointment : |
28/03/2007 (Regularised w.e.f. 15.06.2007) |
|
DIN : |
00589912 |
|
|
|
|
Name : |
Ashok Kalyan Verma |
|
Designation : |
Director |
|
Address : |
1322, Sector 37, Arun Vihar, Noida – 201 301, |
|
Date of Birth/Age : |
21/10/1935 |
|
Date of Appointment : |
24/04/2004 |
|
DIN : |
00994335 |
|
|
|
|
Name : |
Mrs. Premila Goyal |
|
Designation : |
Director |
|
Address : |
D-1086, New Friends Colony, |
|
Date of Birth/Age : |
12/07/1944 |
|
Date of Appointment : |
03/01/1996 |
|
DIN : |
00760686 |
|
|
|
|
Name : |
Mr. Sita Ram Agarwal |
|
Designation : |
Director |
|
Address : |
C-1/101, Kamal
Apartments, Near Ram Mandir, |
|
Date of Birth/Age : |
29/12/1934 |
|
Date of Appointment : |
01/05/2001 |
|
DIN : |
00165915 |
|
|
|
|
Name : |
Horst Dr. Eckert |
|
Designation : |
Director |
|
Address : |
PlatanenstraBe 103-D -13156, |
|
Date of Birth/Age : |
25/10/1942 |
|
Date of Appointment : |
14/08/2008 |
|
DIN : |
01686437 |
|
|
|
|
Name : |
Mr. Rajendra Prasad Agarwal |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. V. K. Singal |
|
Designation : |
HRD Head |
|
E-Mail : |
|
|
|
|
|
Name : |
Mr. Pankaj Goyal |
|
Designation : |
Company Secretary |
|
Address : |
F-7, Sarita Vihar, New Delhi-110 076, |
|
Date of Birth/Age : |
18/09/1957 |
|
E-Mail : |
|
|
PAN No.: |
AAJPG1723D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 09.08.2010
|
Names of Shareholders |
|
No. of Shares |
|
Daya Krishna Goyal |
|
1886000 |
|
Premila Goyal |
|
1840000 |
|
Ajay Krishna Goyal |
|
3219588 |
|
Sanjay Krishna Goyal |
|
3200000 |
|
Charu Goyal |
|
481604 |
|
Jaishree Goyal |
|
480046 |
|
Dhruv Krishna Goyal |
|
1207835 |
|
Anand Krishna Goyal |
|
23000 |
|
Aanya Goyal |
|
23000 |
|
Anjali K Goel |
|
123725 |
|
Mohinder Pratap Gupta |
|
26000 |
|
Girish Prasad Mathur |
|
21400 |
|
Vipul Jain |
|
16800 |
|
Pradeep Kumar Arya |
|
16800 |
|
Rakesh Kumar Ahuja |
|
16600 |
|
Anil Gupta |
|
16600 |
|
Ratan Lal Labroo |
|
16600 |
|
P. Gopi Krishna |
|
10950 |
|
Lakhbir Singh |
|
10950 |
|
Pankaj Goyal |
|
12400 |
|
A. Laxman Rao |
|
6900 |
|
Anil Arora |
|
6350 |
|
J. Krishnakant |
|
6225 |
|
Yogesh Gupta |
|
6100 |
|
Prodyut Bagchi |
|
4440 |
|
NItin Singla |
|
3925 |
|
Swapnil Mittal |
|
3925 |
|
Anil Kumar Agarwal |
|
3800 |
|
Vinod Singh Bisht |
|
3200 |
|
Vinod Kumar |
|
3200 |
|
Maan Singh |
|
3050 |
|
Arvind Kumar Gupta |
|
2700 |
|
N A Shiromany |
|
2700 |
|
Gaurav Goel |
|
2100 |
|
Santosh Kumar |
|
2000 |
|
Rajeev Kumar Goyal |
|
1875 |
|
Debashis. Deb |
|
1875 |
|
Padam Kishore Gupta |
|
1800 |
|
S K Gandhi |
|
1650 |
|
Rajendra Joshi |
|
1650 |
|
Jasmeet Singh Oberoi |
|
1625 |
|
Deepak Sharma |
|
1525 |
|
Netra Prasad |
|
1500 |
|
Sikhdev Singh Chohan |
|
1375 |
|
Sanjeev Sharda |
|
1250 |
|
Kapil Kumar Chhabra |
|
1250 |
|
Alok Bhatnagar |
|
1250 |
|
Suresh Kantroo |
|
1250 |
|
Sunil Kumar Srivatava |
|
1250 |
|
Vinay Kathuria |
|
1250 |
|
Anil Kumar Narula |
|
1200 |
|
Virendra Kumar Jain |
|
1200 |
|
V.K. Singal |
|
1200 |
|
G P Janardhana Panicker |
|
1000 |
|
Vinay Kumar Pathak |
|
1000 |
|
Vinod Singh |
|
1000 |
|
Rajeev Kumar |
|
1000 |
|
Santosh Kumar Tiwari |
|
825 |
|
Tushat Jain |
|
825 |
|
Sunil Kumar Sharma |
|
825 |
|
Hirday Kumar Dubey |
|
825 |
|
Nishat Wasim |
|
825 |
|
Swapan Mandal |
|
825 |
|
Prem Prakash Sharma |
|
825 |
|
Rajmani BHardwaj |
|
825 |
|
A.K. Balasubramaniam |
|
825 |
|
Rajeev Karanwal |
|
825 |
|
Sumant Kumar |
|
825 |
|
Sachin R. Deshmukh |
|
825 |
|
Ved Prakash Verma |
|
750 |
|
Sharad Kumar Pandey |
|
750 |
|
Manish Mehra |
|
750 |
|
Naveen Bansal |
|
750 |
|
Kulwant Singh |
|
750 |
|
Ashwini Chawla |
|
750 |
|
Narinder Singh Dadial |
|
650 |
|
Rohini Balaji |
|
600 |
|
Ekta Tandon |
|
525 |
|
Total |
|
12756663 |
As on 09.08.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
97.87 |
|
Other
top fifty shareholders |
|
2.02 |
|
Others
|
|
0.11 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Project Engineering, Procurement and Construction Company in Power,
Health, Railways, Education, Agriculture, Oil and Gas, Road Construction,
Mining and Drilling Industries. |
|
|
|
GENERAL INFORMATION
|
Bankers : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Anil Maheshwari and Company Chartered Accountants |
|
Address : |
G – 66/ 2, Gautam Nagar, |
|
Tel. No.: |
91-11-26852318 |
|
Tele. Fax No.: |
91-11-26533613 |
|
PAN NO.: |
AAHFA2850K |
|
|
|
|
Associates : |
|
|
|
|
|
Subsidiaries : |
|
CAPITAL STRUCTURE
As on 09.08.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
12756663 |
Equity Shares |
Rs.10/- each |
Rs.127.567
millions |
|
|
|
|
|
Of the above 8,100,900 Equity Shares were
issued as fully paid bonus shares in 2004-05 by capitalization of Share Premium
reserve General reserve and Profit and Loss account.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
127.567 |
127.567 |
127.567 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1501.140 |
1181.752 |
879.534 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1628.707 |
1309.319 |
1007.101 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
832.138 |
838.179 |
689.357 |
|
|
2] Unsecured Loans |
10.754 |
2.440 |
9.702 |
|
|
TOTAL BORROWING |
842.892 |
840.619 |
699.059 |
|
|
DEFERRED TAX LIABILITIES |
10.850 |
4.525 |
4.785 |
|
|
|
|
|
|
|
|
TOTAL |
2482.449 |
2154.463 |
1710.945 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
743.614 |
306.416 |
84.630 |
|
|
Capital work-in-progress |
0.000 |
170.849 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
91.391 |
66.098 |
72.629 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
614.551
|
318.779
|
41.565 |
|
|
Sundry Debtors |
3668.212
|
3110.371
|
2648.384 |
|
|
Cash & Bank Balances |
998.027
|
974.858
|
994.733 |
|
|
Other Current Assets |
36.212
|
40.491
|
55.008 |
|
|
Loans & Advances |
1318.707
|
1130.134
|
791.408 |
|
Total
Current Assets |
6635.709
|
5574.633
|
4531.098 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1824.226
|
1564.395
|
1266.424 |
|
|
Other Current Liabilities |
2343.912
|
1601.514
|
1147.105 |
|
|
Provisions |
820.127
|
798.031
|
564.370 |
|
Total
Current Liabilities |
4988.265
|
3963.940
|
2977.899 |
|
|
Net Current Assets |
1647.444
|
1610.693
|
1553.199 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.407 |
0.487 |
|
|
|
|
|
|
|
|
TOTAL |
2482.449 |
2154.463 |
1710.945 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
7324.316 |
6212.951 |
6074.848 |
|
|
|
Other Income |
297.236 |
185.845 |
217.541 |
|
|
|
TOTAL (A) |
7621.552 |
6398.796 |
6292.389 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
3620.055 |
3272.256 |
3706.218 |
|
|
|
Civil Construction Expenses |
1183.505 |
557.334 |
366.515 |
|
|
|
Personnel Expenses |
399.489 |
273.456 |
199.881 |
|
|
|
Administrative Expenses |
459.482 |
343.806 |
172.838 |
|
|
|
Selling Expenses |
1285.050 |
1264.999 |
1092.879 |
|
|
|
Preliminary Expenses written off |
0.406 |
0.081 |
0.091 |
|
|
|
Increase/ Decrease in stock |
(269.432) |
(277.214) |
17.684 |
|
|
|
TOTAL (B) |
6678.555 |
5434.718 |
5556.106 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
942.997 |
964.078 |
736.283 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
203.398 |
342.582 |
117.083 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
739.599 |
621.496 |
619.200 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
23.224 |
10.778 |
8.170 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
716.375 |
610.718 |
611.030 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
228.072 |
196.440 |
230.351 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
488.303 |
414.278 |
380.679 |
|
|
|
|
|
|
|
|
|
|
Exceptional and
prior period items |
20.162 |
(52.361) |
-- |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
829.100 |
626.882 |
420.165 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
General Reserve |
100.000 |
100.000 |
100.000 |
|
|
|
Interim Dividend |
-- |
-- |
37.704 |
|
|
|
Income Tax on Interim Dividend |
-- |
-- |
6.408 |
|
|
|
Proposed Dividend |
127.567 |
51.027 |
25.514 |
|
|
|
Income Tax on Proposed Dividend |
21.187 |
8.672 |
4.336 |
|
|
BALANCE CARRIED
TO THE B/S |
1048.487 |
829.100 |
626.882 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F.O.B. value of Direct Export |
|
4806.451 |
4299.941 |
|
|
TOTAL EARNINGS |
NA |
4806.451 |
4299.941 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Trading Goods |
|
424.909 |
342.741 |
|
|
|
Consumables and Others |
|
33.222 |
0.000 |
|
|
TOTAL IMPORTS |
NA |
458.131 |
342.741 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
36.70 |
28.37 |
30.40 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
6.41
|
6.47
|
6.05 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.78
|
9.83
|
10.06 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.71
|
10.38
|
13.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.44
|
0.47
|
0.61 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.58
|
3.67
|
3.65 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.33
|
1.41
|
1.52 |
LOCAL AGENCY FURTHER INFORMATION
Note : Registered
office address of the company has been shifted from A-43, Okhla Industrial
Area, Phase- I,
OPERATIONS
The year has seen healthy growth of 19% in terms of revenue growth to
Rs.7621.550 millions against Rs.6398.80 Millions in the previous year. Profit
Before Tax and exceptional items is Rs.740.010 millions against Rs.621.580
millions during previous year, Tax Outgo for the current year is Rs.228.070
million against Rs. 196.440 million during previous year, Profit After Tax and
exceptional items stands at Rs.468.150 millions, up by 34% over Rs.361.920
million in the previous year.
In spite of growing competition, substantial increase in costs of
service inputs and volatile foreign exchange market leading to sharp US dollar
depreciation witnessed during the last quarter of the financial year the
company has been able to maintain a reasonably rewarding margin in operations.
INTERNATIONAL OPERATIONS
The presence of the company in
DOMESTIC
OPERATIONS
The directors recognized huge business available in the country in
infrastructure space with the continuing healthy growth of economy. Although
during the year company has focused on successful completion for the projects
taken up during preceding years. Yet the directors remain optimistic about the
long term prospects in domestic market. As such fresh initiatives shall be
taken to expand its operations in domestic infrastructure market on selective
basis in coming years directly as well as through strategic alliances.
Future Outlook
The company is emerging as the leading EPC Indian company in sub-sahara
The year has also been very rewarding in terms of operations in south
east asia with business success. In SAARC region, Afghanistan continues be an
important market for the company with a promising future. Encouraged by success
in
Given the financial instability and slow growth trajectory in developed
markets, Africa is inviting focus from all global EPC companies following
growing soft credit flow to developing nations from multi-lateral funding
agencies directly or through specialized intermediary developmental banking
institutions like African Development bank, ECOWAS bank for industrial
development in western Africa. Similarly, though the government of
Form 8
|
Corporate
identity number of the company |
U18109DL1996PLC075132 |
|
Name of the company
|
ANGELIQUE INTERNATIONAL LIMITED |
|
Address of the
registered office or of the principal place of business in |
104-107, E-Mail: anglind@vsnl.com |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10163415 |
|
Type of charge |
Book debts Movable property (not being pledge) Floating Charge |
|
Particular of
charge holder |
ING Vysya Bank
Limited, Narian Manzil Ground Floor, Shop No. G1 to G5, 1st Floor,
Shop No.1001 to 1007, Email – giridharvvrn@ingvysyabank.com
|
|
Nature of
description of the instrument creating or modifying the charge |
General
Hypothecation Agreement |
|
Date of
instrument Creating the charge |
21.01.2011 |
|
Amount secured by
the charge |
Rs.100.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: Mentioned in
Annexure Terms of
Repayment: BG 1(INR/FCY) :
On Demand BG 2(INR/FCY)(Sub
limit to BG 1) : On Demand ILC(Sub limit to
BG 1) : 90 days FLC/LuT(Sub limit
to BG 1) : Maximum tenor not to exceed 180 days including FLC/LuT tenor. Margin: BG 1(INR/FCY) :
Cash margin 5% BG 2(INR/FCY)(Sub
limit to BG 1) : Cash margin 10% ILC/FLC/LuT(Sub
limit to BG 1) : Nil Extent and
Operation of the charge: BGI/BG2/FLC/ILC/LuT First pari passu
charge on the entire current assets of the company both present and future
along with other consortium member banks. First pari passu
charge on the movable fixed assets and
plant and machinery of the company both present and future along with
other consortium members except hypothecated vehicles financed by other
lenders. Others BG 1(INR/FCY) :
Rs.100.000 millions BG 2(INR/FCY)(Sub
limit to BG 1) : (Rs.100.000 millions) ILC/FLC/LuT(Sub
limit to BG 1) : (Rs.100.000 millions) |
|
Short particulars
of the property charged |
Entire current
assets and movable fixed assets, plant and machinery and vehicles of the
company kept at |
FIXED ASSETS:
- Office Premises
- Plant and Machinery
- Furniture and Fixtures
- Office Equipments
- Computers
- Vehicles
- Air Conditioner
AS PER WEBSITE
:
Company
Profile
Subject is an ISO 9001:2000
and ISO 14001:2004 certified project engineering, procurement and construction
company with its head office in
Incorporated in Year 1996, Angelique has grown phenomenally in this short span.
The company turnover is nearing US$ 250 million. All this has been achieved
with a vibrant team of highly motivated and skilled professionals with diverse
experience.
Angelique's operations are focused in several rapidly growing economics for
setting up turnkey projects as under:
(a) Multilateral Funding - by International financial institutions viz. World
Bank, Asian Development Bank, African Development Bank, and United Nations by
way of tenders
(b) Bilateral credits from Government to Government through Export Import Bank
of
(c) Supplier's credit - arranged for specific projects.
(d) Buyer's own funds
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 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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.09 |
|
|
1 |
Rs.72.82 |
|
Euro |
1 |
Rs.63.43 |
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 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
54 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.