MIRA INFORM REPORT
|
Report Date : |
23.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
ALLANASONS LIMITED |
|
|
|
|
Registered
Office : |
Allana
House, 4, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
01.02.1973 |
|
|
|
|
Com. Reg. No.: |
11-016285 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.19.600 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51990MH1973PLC016285 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA21423D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA4533D |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Exporter of Agricultural and Processed Food Products. |
|
|
|
|
No. of Employees
: |
2000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (63) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 10000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject belongs to the Allana Group. It has been designated as the Five Star Trading House by the Government of India. It is a well established and reputed company having fine track record. Financial position of the company appears to be strong. Directors are well experienced and knowledgeable businessmen. Trade relations are reported as praiseworthy. Business is active. Payments are reported to be regular and as per commitments. The company can be considered good 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
We are living in a world
where volatility and uncertainty have become the New Normal. We saw a
change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once
powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and the
US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that India regains its growth trajectory of 8-9 % sooner than
later. This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A1+ |
|
Rating Explanation |
Very strong degree of safety and lowest credit risk. |
|
Date |
26.12.2012 |
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 : |
Allana
House, 4, |
|
Tel. No.: |
91-22-22874455/ 22856474/ 22811000 |
|
Fax No.: |
91-22-22044821/ 22047002/ 22797742 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
Allana Centre, A.R.J. Allana Marg, 113/115, |
|
Tel. No.: |
91-22-66569140/66569000/66569080/66569197/22040161/22628000/66569130 |
|
Fax No.: |
91-22-22695700/22695701/22843243 |
|
E-Mail : |
|
|
|
|
|
Branch Office 1 : |
26/3-3, |
|
Tel. No.: |
91-80-22612354/ 2267007 |
|
Fax No.: |
91-80-22251041 |
|
E-Mail : |
|
|
|
|
|
Branch Office 2: |
Nicco House, 5th Floor, 2, |
|
Tel. No.: |
91-33-222487041/ 22487008 |
|
Fax No.: |
91-33-22248896 |
|
E-Mail : |
|
|
|
|
|
Branch Office 3: |
|
|
Tel. No.: |
91-40-22849047 /22842897 |
|
Fax No.: |
91-40-22867633 |
|
E-Mail : |
|
|
Telex: |
4252437 ALANA IN |
|
|
|
|
Branch Office 4: |
Post Box No. 632, Door No. XXIV/199-A, |
|
Tel. No.: |
91-484-2667199/ 2666180 |
|
Fax No.: |
91-484-2668260 |
|
E-Mail : |
|
|
|
|
|
Branch Office 5: |
Kuthar Padavu, |
|
Tel. No.: |
91-824-2467376/ 2467047 |
|
Fax No.: |
91-824-2467376 |
|
|
|
|
Branch Office 6 : |
10, Scindia House, 2nd Floor, Connaught Circus, |
|
Tel. No.: |
91-11-23311075/ 23320699 |
|
Fax No.: |
91-11-23325627 |
|
|
|
|
Branch Office 7 : |
Post Box No.117, |
|
Tel. No.: |
91-8172-268045/ 266373/ 267329 |
|
Fax No.: |
91-8172-261883/ 264570 |
|
|
|
|
Branch Office 8 : |
Plot No.51-56, GIDC Estate, Veraval – 362 269, |
|
Tel. No.: |
91-2876-221054/ 221069 |
|
Fax No.: |
91-2876-241002 |
|
|
|
|
Branch Office 9 : |
|
|
Tel. No.: |
91-240-2353452/ 2353440 |
|
Fax No.: |
91-240-234876 |
|
E-Mail : |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Kantilal Chandulal Mehta |
|
Designation : |
Director |
|
Address : |
607, Veena Vihar, 17A, |
|
Date of Birth/Age : |
13.11.1929 |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
11.01.2003 |
|
00705089 |
|
|
|
|
|
Name : |
Mr. Rashid Sohrab Kadimi |
|
Designation : |
Director appointed in casual vacancy |
|
Address : |
4C-14, Versova View, 4, |
|
Date of Birth/Age : |
17.07.1948 |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
09.05.2011 |
|
DIN No.: |
00212790 |
|
|
|
|
Name : |
Mr. Fauzan Mustafa Alavi |
|
Designation : |
Additional Director |
|
Address : |
603, |
|
Date of Birth/Age : |
16.12.1969 |
|
Qualification : |
Graduate and HM |
|
Date of Appointment : |
14.06.2011 |
|
DIN No.: |
03552053 |
|
|
|
|
Name : |
Mr. Shakil Shaikh Ahmed |
|
Designation : |
Additional director |
|
Address : |
Flat No. C-110, 1st Floor, Liberty Camp, Vashi, Navi Mumbai
– 400705, Maharashtra, India |
|
Date of Birth/Age : |
19.08.1969 |
|
Date of Appointment : |
01.09.2012 |
|
DIN No.: |
01205080 |
|
|
|
|
Name : |
Mr. Nagaraja Keshavamurthy Agrahara |
|
Designation : |
Additional director |
|
Address : |
OPG Housing Limited, Flat No.B-1-101, Plot No.1, Sector-2, Sanpada,
Navi Mumbai – 400705, Maharashtra, India |
|
Date of Birth/Age : |
02.01.1959 |
|
Date of Appointment : |
18.10.2012 |
|
DIN No.: |
06401578 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Phoenicia Shipping Company Limited, Allana House, Colaba, Mumbai – 400001, Maharashtra, India |
|
159628 |
|
Allana Investments and Trading Company Limited, Allana House, Colaba, Mumbai – 400001, Maharashtra, India |
|
31355 |
|
Soeb Nooruddin Bhatri 27E, Mazagaon Terrace, NESBIT Road, Mazagaon, Mumbai –
400011, |
|
1 |
|
Anwar Yasin Chauhan F-323, Pushpanjali J.P. Road, Vaswani Road, Seven Bungalows, Andheri (West), Mumbai – 400061, Maharashtra, India |
|
1 |
|
Mulky Krishna Haridas 804-B, Muktangan Kailashpuri Road, Upper Govind Nagar,
Malad (East), Mumbai – 400097, |
|
1 |
|
Rashid Sohrab Kadimi 4C-14, Versova View, 4, |
|
1 |
|
Iqbal Abdulgani Soorya A Wing, Plot No.903, 9th Floor, Klassic Tower,
Near Agripada Police Station, Mumbai – 400011, |
|
1 |
|
Total |
|
190988 |
As on 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Exporter of Agricultural and Processed Food Products. |
||||||||||||||||
|
|
|
||||||||||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
2000 (Approximately) |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
v
Union Bank of India, Mumbai Samachar Marg
Branch, 66/80, Mumbai Samachar Marg, Mumbai – 400023, Maharashtra, India v
Vijaya Bank, Overseas Branch, Nariman Point,
Mumbai – 400021, Maharashtra, India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rajendra and Company Chartered Accountants |
|
Address : |
1311, |
|
Tel. No.: |
91-22-2285 5770 |
|
Fax No.: |
91-22-2283 4243 |
|
E-Mail : |
|
|
PAN No.: |
AAAFR1878D |
|
|
|
|
Holding Company : |
v Phoenicia Shipping Company Limited CIN No.: U35110MH1976PLC019187 |
|
|
|
|
Subsidiaries : |
v
Allana Pharmachem Limited, India CIN
No.: U65990MH1984PLC032824) v
Allana Mauritius Limited, Mauritius v
IFFCO Egypt (SAS) |
|
|
|
|
Related Parties : |
v Zam Zam Enterprises |
|
|
|
|
Associates : |
v Allana Investment and Trading Company Limited v Indagro Foods Limited v Alagro Trading Limited v Alna Trading and Exports Limited v Allana Cold Storage Limited v Freigerio
Conserva Allana Limited |
CAPITAL STRUCTURE
As on 29.09.2012
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.100/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
196000 |
Equity Shares |
Rs.100/- each |
Rs.19.600 Millions |
|
|
|
|
|
Paid-up Capital
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
190988 |
Equity Shares |
Rs.100/- each |
Rs.19.099 Millions |
|
|
|
|
|
As on 31.03.2012
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs.100/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
196000 |
Equity Shares |
Rs.100/- each |
Rs.19.600 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
19.600 |
19.600 |
|
(b) Reserves & Surplus |
|
2491.685 |
2167.492 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
2511.285 |
2187.092 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
3.150 |
(3.274) |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
358.431 |
13.775 |
|
Total Non-current
Liabilities (3) |
|
361.581 |
10.501 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
550.000 |
245.245 |
|
(b) Trade payables |
|
12556.985 |
8546.843 |
|
(c) Other current
liabilities |
|
175.582 |
666.866 |
|
(d) Short-term
provisions |
|
121.033 |
115.193 |
|
Total Current
Liabilities (4) |
|
13403.600 |
9574.147 |
|
|
|
|
|
|
TOTAL |
|
16276.466 |
11771.740 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
197.813 |
152.406 |
|
(ii) Intangible Assets |
|
31.422 |
13.834 |
|
(iii) Capital work-in-progress |
|
25.979 |
36.595 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
817.034 |
818.430 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
15.042 |
20.953 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
1087.290 |
1042.218 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
5552.993 |
4722.576 |
|
(c) Trade receivables |
|
5473.734 |
3373.721 |
|
(d) Cash and cash
equivalents |
|
3193.290 |
2215.161 |
|
(e) Short-term loans
and advances |
|
366.785 |
274.817 |
|
(f) Other current
assets |
|
602.374 |
143.247 |
|
Total Current Assets |
|
15189.176 |
10729.522 |
|
|
|
|
|
|
TOTAL |
|
16276.466 |
11771.740 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
19.600 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1776.503 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1796.103 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1796.103 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
152.300 |
|
|
Capital work-in-progress |
|
|
20.682 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
818.430 |
|
|
DEFERRED TAX ASSETS |
|
|
0.890 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
3907.063
|
|
|
Sundry Debtors |
|
|
1958.510
|
|
|
Cash & Bank Balances |
|
|
1411.253
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
234.000
|
|
Total
Current Assets |
|
|
7510.826
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
6401.288 |
|
|
Other Current Liabilities |
|
|
294.450
|
|
|
Provisions |
|
|
11.287
|
|
Total
Current Liabilities |
|
|
6707.025
|
|
|
Net Current Assets |
|
|
803.801
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1796.103 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
59402.282 |
47895.790 |
37300.766 |
|
|
|
Other Income |
2.483 |
5.034 |
1.713 |
|
|
|
TOTAL |
59404.765 |
47900.824 |
37302.479 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
1455.629 |
1156.911 |
|
|
|
|
Purchases of stock-in-trade |
52929.657 |
43011.308 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(312.711) |
(625.828) |
36769.429 |
|
|
|
Employee benefit expense |
129.426 |
106.117 |
|
|
|
|
Other Expenses |
4327.468 |
3622.567 |
|
|
|
|
TOTAL |
58529469 |
47271.075 |
36769.429 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
875.296 |
629.749 |
533.050 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST
FINANCIAL CHARGES |
0.000 |
0.000 |
19.347 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
875.296 |
629.749 |
513.703 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
35.947 |
32.106 |
30.874 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
839.349 |
597.643 |
482.829 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
287.361 |
206.653 |
180.937 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
551.988 |
390.990 |
301.892 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1964.565 |
1573.575 |
1271.683 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
2516.553 |
1964.565 |
1573.575 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
54581.500 |
42417.300
|
33174.200
|
|
|
|
|
|
|
|
|
|
|
CIF VALUE OF
IMPORTS |
85.000 |
1550.900
|
642.900
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2816.27 |
1994.85 |
1540.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.93
|
0.82
|
0.81
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.41
|
1.25
|
1.29
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.44
|
5.47
|
6.30
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33
|
0.27
|
0.27
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.22
|
0.11
|
0.00
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13
|
1.12
|
1.12
|
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 |
Yes |
|
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
REVIEW IN OPERATIONS:
During the year the Company achieved a turnover of Rs.59402.200 Millions as compared to Rs.47895.700 Millions in the previous year, showing a growth of 24%. The profit after tax for the current year is Rs.551.900 Millions compared to Rs.390.900 Millions for the previous year.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10362020 |
19/06/2012 |
2,400,000,000.00 |
UNION BANK OF INDIA |
MUMBAI SAMACHAR MARG BRANCH, 66/80 MUMBAI SAMACHAR MARG, MUMBAI, Maharashtra - 400023, INDIA |
B42190124 |
|
2 |
10341799 |
14/03/2012 |
1,600,000,000.00 |
VIJAYA BANK |
OVERSEAS BRANCH, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
B34868836 |
* Date of charge modification
Fixed
Assets:
- Freehold Land
- Factory Building
- Road
- Building (Others)
- Plant and Machinery
- Office Equipments
- Other Office Equipments
- Electrical Installations
- Factory Equipments
- Furniture and Fixtures
- Computers/ Software
- Vehicles
- Trucks
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 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.65.42 |
|
|
1 |
Rs.102.09 |
|
Euro |
1 |
Rs.87.31 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--MARGINS |
-5~5 |
0 |
|
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
63 |
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.