MIRA
INFORM REPORT
|
Report Date : |
21.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
TRANSAMMONIA |
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Registered
Office : |
Flat No. 607, The Courtyard, DLF Place, A-4, District Centre, Saket
New Delhi - 110017 |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
22.08.2006 |
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Com. Reg. No.: |
55-152321 |
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Capital
Investment/ Paid-up Capital: |
Rs.0.200 Million |
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CIN No.: [Company Identification
No.] |
U51909DL2006PTC152321 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELT06813C |
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PAN No.: [Permanent Account No.] |
AACCT4950D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing Market Research and Support |
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No. of
Employees: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (41) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 10000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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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. . The company can be considered normal for business dealings at usual
trade terms and conditions. Profit and Loss account of the company is not available. |
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) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
|
Registered Office : |
Flat No. 607, The Courtyard, DLF Place, A-4, District Centre, Saket New
Delhi – 110017, India |
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Tel. No.: |
91-11-2921-2860 |
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Fax No.: |
91-11-29210798 |
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E-Mail : |
DIRECTORS
As on: 26.09.2011
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Name : |
Hans Joerg Oberli |
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Designation : |
Director |
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Address : |
Trott Ensteig – 6, Buelach, Switzerland |
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Date of Birth/Age : |
27.06.1960 |
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Date of Appointment : |
10.10.2006 |
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DIN No.: |
00825577 |
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Name : |
Mr. Vimal Surindermohan Thareja |
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Designation : |
Additional director |
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DIN No.: |
03530573 |
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Other Directorships :
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Name : |
Mr. Subash Chandra Varghese |
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Designation : |
Director |
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Address : |
H-68, Sarita Vihar, New Delhi, Delhi – 110076, India |
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Date of Birth/Age : |
04.06.1966 |
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Date of Appointment : |
24.06.2011 |
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DIN No.: |
03568383 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 26.09.2011
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Names of Shareholders |
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No. of Shares |
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Transammonia Inc., USA |
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19999 |
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Transammonia AG, Switzerland |
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1 |
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Total |
|
20000 |
Equity Share Break up (Percentage of Total Equity)
As on: 26.09.2011
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Category |
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Percentage |
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Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
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100.00 |
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Total
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|
100.00. |
BUSINESS DETAILS
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Line of Business : |
Providing Market Research and Support |
GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
Standard Chartered Bank |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
S.M. Mathur and Company Chartered Accountants |
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Address : |
1692, Arya Samaj Road, Karol Bagh, New Delhi – 110005, India |
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Tel. No.: |
91-11-41544336/ 28754633 |
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Fax No.: |
91-11-41544337 |
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PAN No.: |
AAAPM2238E |
CAPITAL STRUCTURE
As on: 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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|
20000 |
Equity Shares |
Rs.10/- each |
Rs.0.200
Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.200 |
0.200 |
0.200 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
2.485 |
1.669 |
1.014 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
2.685 |
1.869 |
1.214 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
0.029 |
0.056 |
0.038 |
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TOTAL |
2.714 |
1.925 |
1.252 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
3.389 |
0.681 |
0.901 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.000
|
0.000 |
0.000 |
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Sundry Debtors |
0.000
|
0.408 |
0.000 |
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Cash & Bank Balances |
0.737
|
1.635 |
1.790 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
3.438
|
0.934 |
0.996 |
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Total
Current Assets |
4.175
|
2.977 |
2.786 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditor |
0.000
|
0.000 |
0.000 |
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Other Current Liabilities |
3.449
|
0.000 |
0.500 |
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Provisions |
1.401
|
1.733 |
1.935 |
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Total
Current Liabilities |
4.850
|
1.733 |
2.435 |
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Net Current Assets |
(0.675)
|
1.244 |
0.351 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
2.714 |
1.925 |
1.252 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SALES |
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Gross Service Charge |
10.423 |
9.698 |
9.615 |
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EXPENSES |
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Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL |
NA |
NA |
NA
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NET PROFIT |
1.116 |
1.039 |
1.030 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.81
|
0.93 |
2.01 |
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Current Ratio (Current Asset/Current Liability) |
|
0.86
|
1.72 |
1.14 |
LOCAL AGENCY FURTHER INFORMATION
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
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Locality
of the Firm |
Yes |
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Constitution
of the firm |
Yes |
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Premises
details |
No |
|
Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
Yes |
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No.
of Employees |
No |
|
Name
of Person Contacted |
No |
|
Designation
of contact person |
No |
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Turnover
of firm for last three years |
No |
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Profitability
for last three years |
No |
|
Reasons
for variation <> 20% |
- |
|
Estimation
for coming financial year |
No |
|
Capital
the business |
Yes |
|
Details
of sister concerns |
No |
|
Major
Suppliers |
No |
|
Major
Customers |
No |
|
Payment
Terms |
No |
|
Export
/ Import Details [If Applicable] |
No |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
No |
|
Conduct
of the banking account |
- |
|
Buyer
visit details |
- |
|
Financials,
if provided |
Yes |
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Incorporation
details, if applicable |
Yes |
|
Last
accounts filed at ROC |
Yes |
|
Major
Shareholders, if applicable |
Yes |
Note:
The Registered Office of the company has been shifted from E535, UGF (Rear),
Greater Kailash – II, New Delhi – 110048, India to the present address w.e.f.
26.06.2011
BACKGROUND
Subject was incorporated in India on 22nd August 2006. Transammonia Inc, USA and Transammonia AG, Switzerland are its shareholders.
The company entered into a Service Agreement dated 18th September 2006 with Transammonia AG, a Swiss corporation with offices in Switzerland, which was renewed on 18th September, 2008 for a further period of five years commencing from 1st September, 2008 to 31st March, 2013. Transammonia AG is in the business of buying and selling fertilizers and fertilizer raw materials around the world, particularly in India. As per the terms of the above agreement, the company was to provide following market-research and support services in India like Providing marketing information, Facilitating purchase and sale of products, transportation of products and other similar assistance in India.
FINANCIAL RESULT:
The audited statements are already in the hands and on perusal of the same you must have observed that the company's Gross Service Charges Received increased from Rs. 9.698 Millions to Rs.10.423 Millions this year and the company was able to earn a Net Profit of Rs. 1.116 Millions as compared to Rs. 1.039 Millions in the last year.
The new Team of Directors look forward with fresh enthusiasm to increase the business in the years ahead and are hopeful that they will be able to improve the results in the ensuing year.
CONTINGENCIES
LIABILITIES:
Loss contingencies arising from claims, litigation, assessments, fines, penalties, aftersales warranties, right to recompense etc. are provided for when it is probable that a liability may be incurred and the amount can be reasonably estimated.
FIXED ASSETS:
· Mobile Phone
· Computer and Accessories
· Motor Vehicle
· Furniture and Fixture
· Office 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 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.55.86 |
|
|
1 |
Rs.87.93 |
|
Euro |
1 |
Rs.70.88 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
41 |
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.