MIRA
INFORM REPORT
|
Report Date : |
18.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
CREAMY FOODS LIMITED |
|
|
|
|
Registered
Office : |
E-13/29, Harsha Bhawan, 2nd Floor, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
15.01.1996 |
|
|
|
|
Com. Reg. No.: |
55-075467 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.52.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15131DL1996PLC075467 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELC06364B DELC05237B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCC7375A |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Ghee and Milk Products. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 630000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade relations
are reported as fair. Business is active. Payments are reported to be usually
correct and se 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
E-13/29, Harsha Bhawan, 2nd Floor, |
|
Tel. No.: |
91-11-41517501 / 41517502 / 41517503 |
|
Fax No.: |
91-11-41517516 |
|
E-Mail : |
|
|
|
|
|
Factory : |
80th KM Stone, |
|
Tel. No.: |
91-5738-249177 |
|
Fax No.: |
91-5738-249178 |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Subash Chand Agarwal |
|
Designation : |
Managing Director |
|
Address : |
2/1425, White House, |
|
Date of Birth/Age : |
06.04.1948 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
27.12.2005 |
|
DIN No.: |
00002215 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U27310UP1985PTC007279 |
Mool Chand
Steels Private Limited |
Director |
09-08-85 |
09-08-85 |
22-04-09 |
Active |
NO |
|
2 |
U16003UP1990PTC012585 |
Aggarwal Zarda
Factory Private Limited |
Whole-time
director |
01-09-11 |
27-12-90 |
- |
Active |
NO |
|
3 |
U15201UP1991PLC013691 |
Smc Foods
Limited |
Managing
director |
15-12-07 |
15-12-02 |
- |
Active |
NO |
|
4 |
U15131DL1996PLC075467 |
Creamy Foods
Limited |
Managing
director |
04-12-11 |
27-12-05 |
- |
Active |
NO |
|
5 |
U74899DL2000PLC108467 |
Smc Power
Generation Limited |
Director |
29-12-05 |
29-12-05 |
- |
Active |
NO |
|
Name : |
Mr. Sandeep Agarwal |
|
Designation : |
Whole-Time Director |
|
Address : |
N-227, Greater Kailash, Part – I, |
|
Date of Birth/Age : |
11.11.1972 |
|
Qualification : |
MBA |
|
Date of Appointment : |
15.01.1996 |
|
DIN No.: |
00002205 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U15131DL1996PLC075467 |
Creamy Foods
Limited |
Whole-time
director |
01-09-11 |
15-01-96 |
- |
Active |
NO |
|
2 |
U74899DL2000PLC108467 |
Smc Power
Generation Limited |
Director |
09-11-00 |
09-11-00 |
- |
Active |
NO |
|
3 |
U15201UP1991PLC013691 |
Smc Foods
Limited |
Director |
31-08-11 |
01-04-03 |
- |
Active |
NO |
|
4 |
U13100OR2006PTC008672 |
Patrapada Coal
Mining Company Private Limited |
Nominee director |
10-04-06 |
10-04-06 |
- |
Strike off |
NO |
|
5 |
U45200DL2008PLC179932 |
Smc Developers Limited |
Director |
23-06-08 |
23-06-08 |
- |
Active |
NO |
|
6 |
U92100DL2009PTC187754 |
Smc Television
Private Limited |
Director |
19-02-09 |
19-02-09 |
- |
Active |
NO |
|
7 |
U70200DL2010PTC203089 |
Nirala Infratech
Private Limited |
Director |
24-05-10 |
24-05-10 |
- |
Active |
NO |
|
Name : |
Mr. Chander Prakash Aggarwal |
|
Designation : |
Director |
|
Address : |
2/1425, White House, |
|
Date of Birth/Age : |
05.12.1962 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
05.11.2006 |
|
DIN No.: |
00002217 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U27310UP1985PTC007279 |
Mool Chand
Steels Private Limited |
Director |
09-08-85 |
09-08-85 |
22-04-09 |
Active |
NO |
|
2 |
U16003UP1990PTC012585 |
Aggarwal Zarda
Factory Private Limited |
Managing
director |
31-10-91 |
31-10-91 |
- |
Active |
NO |
|
3 |
U15201UP1991PLC013691 |
Smc Foods
Limited |
Whole-time
director |
01-09-11 |
12-11-91 |
- |
Active |
NO |
|
4 |
U45201DL2003PTC123604 |
Moolchand
Industrial Estates Private Limited |
Director |
18-12-03 |
18-12-03 |
- |
Active |
NO |
|
5 |
U27109DL2003PLC118438 |
Konark Ispat
Limited |
Director |
05-02-04 |
05-02-04 |
- |
Active |
NO |
|
6 |
U15131DL1996PLC075467 |
Creamy Foods
Limited |
Director |
05-11-06 |
05-11-06 |
- |
Active |
NO |
|
7 |
U74899DL2000PLC108467 |
Smc Power
Generation Limited |
Director |
05-05-07 |
05-05-07 |
- |
Active |
NO |
|
8 |
U45200DL2008PLC179932 |
Smc Developers
Limited |
Director |
23-06-08 |
23-06-08 |
- |
Active |
NO |
|
Name : |
Mr. Amit Aggarwal |
|
Designation : |
Whole-Time Director |
|
Address : |
B-42, Greater Kailash, Part – I, |
|
Date of Birth/Age : |
04.12.1978 |
|
Qualification : |
MBA |
|
Date of Appointment : |
16.08.2011 |
|
DIN No.: |
00002213 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U74899DL2000PLC108467 |
Smc Power
Generation Limited |
Director |
13-12-03 |
13-12-03 |
05-05-07 |
Active |
NO |
|
2 |
U15131DL1996PLC075467 |
Creamy Foods
Limited |
Whole-time
director |
30-09-11 |
23-08-05 |
- |
Active |
NO |
|
3 |
U45200DL2008PLC179932 |
Smc Developers
Limited |
Director |
23-06-08 |
23-06-08 |
15-06-11 |
Active |
NO |
|
Name : |
Mr. Mool Chand Aggarwal |
|
Designation : |
Director |
|
Address : |
B-42, Greater Kailash, Part – I, |
|
Date of Birth/Age : |
24.11.1956 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
15.01.1996 |
|
DIN No.: |
00002202 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U27310UP1985PTC007279 |
Mool Chand
Steels Private Limited |
Director |
15-05-09 |
09-07-85 |
01-08-09 |
Active |
NO |
|
2 |
U15201UP1991PLC013691 |
Smc Foods
Limited |
Director |
12-11-91 |
12-11-91 |
- |
Active |
NO |
|
3 |
U15131DL1996PLC075467 |
Creamy Foods
Limited |
Director |
15-01-96 |
15-01-96 |
- |
Active |
NO |
|
4 |
U74899DL2000PLC108467 |
Smc Power
Generation Limited |
Managing
director |
01-01-10 |
09-11-00 |
- |
Active |
NO |
|
5 |
U27109DL2003PLC118438 |
Konark Ispat
Limited |
Director |
13-01-03 |
13-01-03 |
- |
Active |
NO |
|
6 |
U45201DL2003PTC123604 |
Moolchand
Industrial Estates Private Limited |
Director |
18-12-03 |
18-12-03 |
- |
Active |
NO |
|
7 |
U92100DL2009PTC187754 |
Smc Television
Private Limited |
Director |
09-08-11 |
17-09-10 |
- |
Active |
NO |
|
8 |
U45200DL2008PLC179932 |
Smc Developers
Limited |
Director |
17-08-11 |
15-06-11 |
- |
Active |
NO |
|
Name : |
Mr. Kailash Chand Goel |
|
Designation : |
Whole-Time Director |
|
Address : |
102, Behind Shipra, Behind Shipra Hotel, R. K. Puram Bhoor, Bulandshr
– 203001, |
|
Date of Birth/Age : |
09.07.1949 |
|
Qualification : |
M. Sc |
|
Date of Appointment : |
15.09.2008 |
|
DIN No.: |
02363280 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Anurag Aggarwal |
|
545433 |
|
CP. Aggarwal and Sons (HUF) |
|
585092 |
|
Moolchand Aggarwal and Sons (HUF) |
|
46587 |
|
Moolchand Aggarwal |
|
240426 |
|
Nitu Aggarwal |
|
8000 |
|
Sandeep Aggarwal |
|
340617 |
|
Sanjay Aggarwal (HUF) |
|
5000 |
|
Sanjay Aggarwal |
|
315183 |
|
S.C. Aggarwal and Sons (HUF) |
|
5000 |
|
Subhra Aggarwal |
|
708000 |
|
S.C. Aggarwal |
|
168100 |
|
Sewa Ram Aggarwal |
|
8000 |
|
Sushila Rani |
|
208100 |
|
CP. Aggarwal |
|
200034 |
|
Luxmi Aggarwal |
|
666465 |
|
Mithlesh Rani |
|
408100 |
|
Shakuntla devi |
|
8100 |
|
Akshay Aggarwal |
|
100000 |
|
Shally Aggarwal |
|
100000 |
|
Amit Aggarwal |
|
583763 |
|
Total |
|
5250000 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Ghee and Milk Products. |
|
|
|
|
Products : |
|
PRODUCTION STATUS
As on 31.03.2010
Installed
Capacity: 5,00,000 Ltr Milk Processing per day
|
Particulars |
Unit |
Licensed
Capacity |
Actual
Production |
|
Ghee |
Kgs |
Not Applicable |
2664139 |
|
SMP |
Kgs |
Not Applicable |
4229455 |
|
Melted Butter |
Kgs |
Not Applicable |
499200 |
|
SMP Added Sugar |
Kgs |
Not Applicable |
3278820 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
Footnotes: (A) Secured by
way of hypothecation and charges on all movable machinery including stock of
raw materials, finished goods, processed milk of company etc. (B) Secured by
way of hypothecation and charges on all movable machinery including stock of
raw materials, finished goods, processed milk of company etc,) (C) Secured by
way of hypothecation and charges on all movables machinery including stock of
raw materials, finished goods, processed milk of company etc. (D) Secured by way of hypothecation of car.
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jindal and Company Chartered Accountants |
|
Address : |
3803, |
|
Tel. No.: |
91-11-23270584 / 23277249 / 23260861 |
|
Fax No.: |
91-11-23254387 |
|
E-Mail : |
|
|
PAN.: |
AALPJ5266C |
|
|
|
|
Group Companies / Associates : |
|
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5250000 |
Equity Shares |
Rs.10/- each |
Rs.52.500
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
52.500 |
52.500 |
52.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
104.341 |
91.716 |
77.273 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
156.841 |
144.216 |
129.773 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
466.127 |
314.427 |
203.261 |
|
|
2] Unsecured Loans |
108.031 |
83.641 |
77.414 |
|
|
TOTAL BORROWING |
574.158 |
398.068 |
280.675 |
|
|
DEFERRED TAX LIABILITIES |
14.802 |
14.132 |
11.370 |
|
|
|
|
|
|
|
|
TOTAL |
745.801 |
556.416 |
421.818 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
161.065 |
136.125 |
116.674 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
14.836 |
0.536 |
0.536 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
536.007
|
412.774 |
309.747 |
|
|
Sundry Debtors |
123.602
|
141.189 |
101.156 |
|
|
Cash & Bank Balances |
72.932
|
6.604 |
4.727 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
28.197
|
28.609 |
28.665 |
|
Total
Current Assets |
760.738
|
589.176 |
444.295 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
138.400
|
142.465 |
115.406 |
|
|
Other Current Liabilities |
46.858
|
22.107 |
12.816 |
|
|
Provisions |
5.600
|
4.875 |
11.465 |
|
Total
Current Liabilities |
190.858
|
169.447 |
139.687 |
|
|
Net Current Assets |
569.880
|
419.729 |
304.608 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.020 |
0.026 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
745.801 |
556.416 |
421.818 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1669.078 |
1714.554 |
1517.944 |
|
|
|
Other Income |
2.856 |
1.255 |
1.654 |
|
|
|
TOTAL (A) |
1671.934 |
1715.809 |
1519.598 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
1360.710 |
1484.446 |
|
|
|
|
Manufacturing service costs |
109.662 |
59.562 |
|
|
|
|
Contract cost |
22.438 |
14.684 |
|
|
|
|
Employee related expenses |
5.303 |
3.568 |
|
|
|
|
Administrative selling other expenses |
91.525 |
88.629 |
|
|
|
|
TOTAL (B) |
1589.638 |
1650.889 |
1463.988 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
82.296 |
64.920 |
55.610 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
41.315 |
26.256 |
24.931 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
40.981 |
38.664 |
30.679 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
21.302 |
16.523 |
15.795 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
19.679 |
22.141 |
14.884 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
7.054 |
7.698 |
5.963 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
12.625 |
14.443 |
8.921 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
12.625 |
14.443 |
8.921 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
TOTAL EARNINGS |
28.748 |
120.840 |
144.359 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
TOTAL IMPORTS |
NA |
0.466 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.40 |
2.75 |
1.70 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.76
|
0.84 |
0.59 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.18
|
1.29 |
0.98 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.13
|
3.05 |
2.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.15 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.88
|
3.94 |
3.24 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.99
|
3.48 |
3.18 |
LOCAL AGENCY FURTHER INFORMATION
Operations:
Due to adverse business scenario and ban on export of SMP by the Govt.,
the company recorded Rs.1669.100 Millions sales during the year as against Rs.1714.500
Millions in the previous year which also dented net profit of the company by
12.5%. Net profit of the current year is Rs.12.600 Millions and the same was
Rs.14.400 Millions in the previous year.
Form 8:
|
Corporate identity number of the company |
U15131DL1996PLC075467 |
|
Name of the company |
CREAMY FOODS LIMITED |
|
Address of the registered office or of the principal place of business in |
E-13/29, Harsha Bhawan2nd Floor, E-Mail : surjeetsharma@smcpower.co.in
|
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10280879 |
|
Type of charge |
|
|
Particular of charge holder |
Punjab National Bank, SME Branch, Church Compound, Bajoria Marg, E-mail : shahjindal@gmail.com
|
|
Nature of instrument creating charge |
Letter evidencing deposit of title deeds |
|
Date of instrument Creating the charge |
21.09.2011 |
|
Amount secured by the charge |
Rs.50.000 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of interest As may be specified by the bank from time to time Terms of repayment Repayable in 20 quarterly installments of Rs.2.500 Millions starting
from June 2011 Margin As per agreement Extent and operation of the charge Hypothecation of all the assets, movable property of any kind to be
brought in or stored in godowns at 12th km stone, G.T. road, village
bartauli, tehsil khurja, district Bulandsahar
or wherever else. 1st pari-passu charge on factory land and building situated at Khasra
482, village Bartaule, Khurja, Bulanshahar, Others The above is to secure TL of Rs.50.000 Millions extended by Punjab
National Bank |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Hypothecation of all the VLC systems and other movable assets to be
bought in or stored in godowns at 12th km stone, G.T. road, village bartauli,
tehsil khurja, distirct Bulandsahar or wherever else. 1st pari-passu charge on factory land and building situated at Khasra
482, village Bartaule, Khurja, Bulanshahar, |
|
Particulars of the present modification |
TL limits of Rs.50.000 Millions sanctioned by Punjab National Bank,
SME Branch, Church Compound, Bajoria Marg, 1st pari-passu charge on VLC
systems, factory land and building situated at Khasra 482, village Bartaule,
Khurja, Bulanshahar, Uttar Pradesh Other T and C remain unchanged. |
Fixed Assets:
-
-
Building at Khurja
-
-
Building at Saharnpur
- Computer and
Its Assets
-
Computer Hardware
-
Computer Software
-
Computer Printer
-
UPS for Computers
- Office
Equipments
-
Air Conditioner
-
EPBAX Machine
-
Almirah (Godrej Safe)
-
Fax Machine
-
Mobile Handests
-
Air Curtain
-
Hand Dryer
-
V Set
-
Freaze
-
Water Purifier
-
Paper Shredding Machine
-
Furniture and Fixtures
-
Television
-
Fire Extinguisher
-
I Sense PT
-
Photocopier Machine
- Plant and
Machinery
-
Generator
-
Plant and Machinery
-
Weighing Machine
-
Lab Equipments
-
Spare parts
-
Loose Tools
-
Electric Installation
-
Electric Equipments
-
Crates
-
Plastic Plates
- Vehicles
-
Motor Cars
-
Tractor
-
Motor Cycle and Scooter
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.51.07 |
|
|
1 |
Rs.78.48 |
|
Euro |
1 |
Rs.65.00 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.