|
Report Date : |
09.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
HMA AGRO INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
2/220, 2nd Floor, Glory Plaza, Sursadan Crossing, M.G Road Sanjay Place, Agra- 282002, Uttar Pradesh |
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|
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|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
09.04.2008 |
|
|
|
|
Com. Reg. No.: |
20-034977 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.35.137 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U01403UP2008PLC034977 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Meat Bone Meal, Beaf Frozen Meat |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 200000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
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|
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|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having moderate track. There appears
some accumulated losses recorded by the company. However, trade relations are
reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some caution.
|
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including industrial
deregulation, privatization of state-owned enterprises, and reduced controls on
foreign trade and investment, began in the early 1990s and has served to
accelerate the country's growth, which has averaged more than 7% per year since
1997. India's diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India's output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis - in large
part because of strong domestic demand - and growth exceeded 8% year-on-year in
real terms. However, India's economic growth in 2011 slowed because of persistently
high inflation and interest rates and little progress on economic reforms. High
international crude prices have exacerbated the government's fuel subsidy
expenditures contributing to a higher fiscal deficit, and a worsening current
account deficit. Little economic reform took place in 2011 largely due to
corruption scandals that have slowed legislative work. India's medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long - Term Rating = B+ |
|
Rating Explanation |
High risk of default |
|
Date |
03.08.2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short - Term Rating = A4 |
|
Rating Explanation |
Minimal degree of safety it carry very high credit risk |
|
Date |
03.08.2012 |
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
31-03-2012.
LOCATIONS
|
Registered Office / Corporate Office : |
2/220, 2nd Floor, Glory Plaza, Sursadan
Crossing, M.G Road Sanjay Place, Agra- 282002, Uttar Pradesh, India |
|
Tel. No.: |
91-562-4000188 |
|
Fax No.: |
91-562-2523230 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Zulfiqar Ahmed Qureshi |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole-time director |
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|
Address : |
18/129-A, Malko Gali, Near Mitan Nazeer Park, Taj Ganj, Agra – 282001,
Uttar Pradesh, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.06.1972 |
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Date of Appointment : |
01.04.2009 |
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DIN No.: |
01312224 |
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|
Other
Directorship
|
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|
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|
Name : |
Mr. Gulzar Ahmad |
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|
Designation : |
Managing director |
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|
Address : |
18/129-A, Malko Gali, Near Mitan Nazeer Park, Taj Ganj, Agra – 282001,
Uttar Pradesh, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.07.1966 |
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|
Date of Appointment : |
01.04.2009 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01312305 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Mohd Ashraf Qureshi |
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|
Designation : |
Whole-time director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
18/129-A, Malko Gali, Near Mitan Nazeer Park, Taj Ganj, Agra – 282001,
Uttar Pradesh, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
12.03.1973 |
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|
Date of Appointment : |
01.04.2009 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01312326 |
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|
Other
Directorship
|
||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Mohd. Gulzar Ahmed |
|
635665 |
|
Mohd. Ashraf Qureshi |
|
582985 |
|
Mohd. Kamil Qureshi |
|
397355 |
|
Mohd. Mehmood Qureshi |
|
558295 |
|
Mohd. Parvej Alam |
|
555485 |
|
Mohd. Wajid Ahmed |
|
597428 |
|
Mohd. Zulfiquar Ahmed Qureshi |
|
399287 |
|
Total |
|
3726500 |
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 Meat Bone Meal, Beaf Frozen Meat |
|
|
|
|
Products : |
·
Brisket Long ·
Chuck Tender ·
Knuckle ·
Neck ·
Rib Eye ·
Rumsteck ·
Shank Without Bone ·
Silverside ·
Striploin ·
Thickflank ·
Topside Pat ·
Topside ·
Trimming |
GENERAL INFORMATION
|
Customers : |
Indagro Foods Limited |
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|
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No. of Employees : |
Not Available |
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|
||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· Canara Bank, Overseas Branch, Sanjay Place, Agra - 282002, Uttar Pradesh, India ·
Vijaya
Bank ·
Indusind
Bank ·
ICICI
Bank Limited |
||||||||||||||||||||||||||||||||||||||||||
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|
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Facilities : |
(Rs.
In Millions)
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Manish Sahni and Associates Chartered Accountants |
|
Address : |
C-162, Kedar Nagar, Shahganj, Agra – 282010, Uttar Pradesh, India |
|
PAN.: |
ASZPS3007N |
CAPITAL STRUCTURE
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6500000 |
Equity Shares |
Rs.10/- each |
Rs.65.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3726500 |
Equity Shares |
Rs.10/- each |
Rs.37.265
Millions |
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6500000 |
Equity Shares |
Rs.10/- each |
Rs.65.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3513650 |
Equity Shares |
Rs.10/- each |
Rs.35.137
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 |
35.137 |
31.377 |
16.697 |
|
|
2] Share Application Money |
6.435 |
18.800 |
2.230 |
|
|
3] Reserves & Surplus |
15.040 |
0.035 |
0.034 |
|
|
4] (Accumulated Losses) |
(5.753) |
0.000 |
0.000 |
|
|
NETWORTH |
50.859 |
50.212 |
18.961 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
195.520 |
68.351 |
0.000 |
|
|
2] Unsecured Loans |
24.992 |
3.580 |
6.000 |
|
|
TOTAL BORROWING |
220.512 |
71.931 |
6.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
271.371 |
122.143 |
24.961 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
272.968 |
81.995 |
16.036 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
3.089 |
12.440 |
0.527 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
41.087
|
0.000 |
0.000 |
|
|
Sundry Debtors |
6.999
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
15.433
|
2.870 |
0.364 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
21.098
|
41.577 |
10.346 |
|
Total
Current Assets |
84.617
|
44.447 |
10.710 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
87.946
|
20.130 |
1.798 |
|
|
Other Current Liabilities |
0.574
|
0.000 |
0.000 |
|
|
Provisions |
0.783
|
0.010 |
1.100 |
|
Total
Current Liabilities |
89.303
|
20.140 |
2.898 |
|
|
Net Current Assets |
(4.686)
|
24.307 |
7.812 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
3.401 |
0.586 |
|
|
|
|
|
|
|
|
TOTAL |
271.371 |
122.143 |
24.961 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
61.681 |
0.000 |
0.000 |
|
|
|
Other Income |
0.232 |
0.000 |
0.035 |
|
|
|
TOTAL (A) |
61.913 |
0.000 |
0.035 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed |
8.567 |
0.000 |
0.000 |
|
|
|
Manufacturing Expenses |
10.221 |
0.000 |
0.000 |
|
|
|
Payment to and Provision for Staff |
22.476 |
0.000 |
0.000 |
|
|
|
Establishment Expenses |
2.126 |
0.000 |
0.000 |
|
|
|
Sales & Distribution Expenses |
0.847 |
0.000 |
0.000 |
|
|
|
TOTAL (B) |
44.237 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
17.676 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
12.674 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
5.002 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
10.790 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(5.788) |
0.000 |
0.035 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(5.788) |
0.000 |
0.035 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.035 |
0.035 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE / (LOSS)
CARRIED TO THE B/S |
(5.753) |
0.035 |
0.035 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(1.65) |
0.00 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(9.35)
|
0.00 |
100.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(9.38)
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.62)
|
0.00 |
0.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.11)
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
6.09
|
1.83 |
0.47 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.95
|
2.21 |
3.70 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U01403UP2008PLC034977 |
|
Name of the
company |
HMA AGRO
INDUSTRIES LIMITED |
|
Address of the
registered office or of the principal place of business in |
2/220 2nd Floor, Glory
Plaza, Opposite Sur Sadan, M.G Road, Agra – 282002, Uttar Pradesh, India |
|
This form is for |
Modification of charge |
|
Charge identification
(ID) number of the charge to be modified |
10184833 |
|
Type of charge |
· Immovable property · Book debts ·
Movable property (not being pledge) |
|
Particular of
charge holder |
Canara Bank, Overseas Branch, Sanjay Place, Agra - 282002, Uttar Pradesh, India |
|
Nature of
instrument creating charge |
1. Supplemental
Common Hypothecation Agreement. 2. Letter
evidencing deposit of title deeds for extension of equitable mortgage |
|
Date of
instrument Creating the charge |
01.06.2012 |
|
Amount secured by
the charge |
Rs.284.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest On CC-@ 16.50% p.a.
with monthly rests On PC-@ 11.00%
p.a. with monthly rests or such other
rates as may be notified by the Bank to the Borrower from time to time Terms of Repayment (i) Working
Capital - Repayable on demand (ii) Term Loan Margin As Hypothecation Agreement/
Sanction terms. Extent and Operation of the charge The Company's
movable and immovable properties as mentioned hereunder are hypothecated and
mortgaged to secure following credit facilities aggregating to Rs.284.000
Millions granted by the Bank to the Borrower:- 1. Cash
Credit - Rs. 30.000 Millions 2. BG - Rs. 5.000 Millions 3. Packing
Credit- Rs. 50.000 Millions 4. Term Loan - Rs.159.000 Millions 5. BULC - Rs. 40.000 Millions TOTAL - Rs.284.000 Millions |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of
all stocks in trade, raw materials, finished and manufactured goods, stores,
spares, components, vehicles, furniture and fixtures and all other movable
goods of the Borrower. Hypothecation of
all of the Borrower's present and future book debts, outstanding monies,
bills receivables, claims, bills, contracts, securities, investments etc. Hypothecation of all
present and future plant and machinery and equipment of the Borrower wherever
lying stored kept or in transit. Equitable
mortgage of Abadi Land plot in the portion of the land of Khasra Nos.4, 5 and
6/1, Village Talaspur Khurd, Mathura By Pass Road, Tehsil Koil District
Aligarh admeasuring area 0.787 Hectare. Equitable
mortgage of Abadi Land plot in the portion of the land of Khasra Nos.4, 5 and
6/1, Village Talaspur Khurd, Mathura By Pass Road, Tehsil Koil District
Aligarh admeasuring area 1.282 Hectare. |
|
Date of
instrument modifying the charge |
28.09.2010 |
|
Particulars of
the present modification |
The aggregate
amount of various credit facilities granted by the Bank has now been enhanced
from Rs.208.013 Millions to Rs.284.000 Millions. Therefore, total amount of
charge secured against hypothecation of all stocks, book debts, plant and
machinery etc. and equitable mortgage of company's immovable properties has
now been enhanced from Rs.208.013 Millions to Rs.284.000 Millions. |
Fixed Assets
·
Land
·
Electric Installation
·
Building
·
Computer
·
Fixtures and Tools
·
Motor
·
Mobile Phone
·
Plant and Machinery
AS PER WEBSITE
PROFILE
Leveraging on their vast industrial experience and domain expertise, they subject, are a distinguished Exporter of Frozen HALAL Buffalo Meat from India. Their wide ambit of Frozen Meat is procured from most trusted vendors and other sources, hence their offered Meat is delicious, high on nutritional value and safe to consume. Situated at Agra, they possess two ultramodern processing plants in Agra as well as in Aligarh. Capitalizing on their state of the art machines and equipments, brought from countries like USA, Australia, Germany and New Zealand, we export our range of Frozen HALAL Buffalo Meat to twenty nations across globe. In a short span of time, they have mustered a huge clientele with an export capacity of about 20000 to 30000 tons of frozen HALAL meat.
Ever since their inception, they have been laying paramount
importance towards the quality of their product. They adhere to stringent
quality parameters and ensure optimum hygiene and sanitation norms are
maintained throughout the processes. In order to have effective and hygienic
storage of bulk quantities of Frozen Meat, they have established a contemporary
Warehousing and Cold Storage wing, which is bestowed with cutting-edge facilities.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was the
subject of any formal or informal allegations, prosecutions or other official
proceeding for making any prohibited payments or other improper payments to
government officials for engaging in prohibited transactions or with designated
parties.
3] Asset Declaration :
No 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.54.44 |
|
|
1 |
Rs.87.00 |
|
Euro |
1 |
Rs.69.48 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
26 |
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.