MIRA INFORM REPORT
|
Report Date : |
29.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
BARAMATI AGRO LIMITED |
|
|
|
|
Registered
Office : |
At Post Pimpalital, Taluka – Baramati, District Pune - 413102,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
14.01.1988 |
|
|
|
|
Com. Reg. No.: |
11-045873 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.395.579
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U01134PN1988PLC045873 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB7067M |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of Chicken Processing, Animal Feed,
Sugar, Distillery, Power and Other agriculture related business. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 5300000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
Financially company seems to be performing well. Trade relations are reported
to be fair. Business is active. Payment terms are reported to be usually
correct and as per commitment. The company can be considered for normal 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 |
BBB+ (Long Term Loan) |
|
Rating Explanation |
Having moderate degree of safety regarding timely servicing of
financial obligation. |
|
Date |
April 2014 |
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 : |
At Post Pimpalital, Taluka – Baramati, District Pune - 413102,
Maharashtra, India |
|
Tel. No.: |
91-2112-221001 / 221002 / 221004 / 221005 |
|
Fax No.: |
91-2112-221003 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate
Office: |
4th Floor, Farina Park, Besides Magarpatta, Hadapsar, Pune, Maharashtra, India |
DIRECTORS
As on: 28.09.2012
|
Name : |
Mr. Rajendra Dinkarrao Pawar |
|
Designation : |
Chairman and Managing Director |
|
Address : |
601, Subhadra Bagh, Post. Pimpali, Baramati, Pune-413102, Maharashtra, India |
|
Date of Birth/Age : |
17.06.1958 |
|
Date of Appointment : |
25.10.1989 |
|
DIN No.: |
00226848 |
|
PAN No.: |
ABQPP2402C |
|
|
|
|
Name : |
Ms. Chanda Bonbehari Nimbkar |
|
Designation : |
Director |
|
Address : |
516, A/P Rajale, Taluka Phaltan, District Satara-413102, Maharashtra, India |
|
Date of Birth/Age : |
20.12.1960 |
|
Date of Appointment : |
07.08.1995 |
|
DIN No.: |
00284531 |
|
|
|
|
Name : |
Mr. Virendrachandra Ramchandra Srivastava |
|
Designation : |
Director |
|
Address : |
A-1/ 4, Walkutir Apartmets, Vastu Sundar Griha Rachana Sanstha Maryaditaundh, Pune-411037, Maharashtra, India |
|
Date of Birth/Age : |
15.07.1938 |
|
Date of Appointment : |
26.05.2009 |
|
DIN No.: |
00327153 |
|
|
|
|
Name : |
Mr. Abhaysinha Dinkarrao Dhadavepatil |
|
Designation : |
Director |
|
Address : |
Shrinivas, 1025, Subhashnagar, Shukarvar Peth Line No.3, Pune-411002, Maharashtra, India |
|
Date of Birth/Age : |
28.07.1965 |
|
Date of Appointment : |
19.08.1999 |
|
DIN No.: |
00584722 |
|
|
|
|
Name : |
Mr. Rohit Rajendra Pawar |
|
Designation : |
Whole Time Director |
|
Address : |
601, Subhadra Bagh, Post. Pimpali, Baramati, Pune-413102, Maharashtra, India |
|
Date of Birth/Age : |
29.09.1985 |
|
Date of Appointment : |
01.04.2009 |
|
DIN No.: |
00590679 |
|
PAN No.: |
AHVPP6475E |
|
|
|
|
Name : |
Mr. Prakash Sarjerao Jagtap |
|
Designation : |
Director |
|
Address : |
455T, Patricks Town, Pune-Solapur Road, Hadapasar, Pune-411013, Maharashtra, India |
|
Date of Birth/Age : |
27.12.1945 |
|
Date of Appointment : |
24.07.2000 |
|
DIN No.: |
00656410 |
|
|
|
|
Name : |
Mr. Gopoalswamy Cheluvarayaswamy |
|
Designation : |
Director |
|
Address : |
No.17, Sumeru, Aecs Layout, 1st Stage, 3rd Cross , Geddalahalli, Bangalore-560024, Karnataka, India |
|
Date of Birth/Age : |
02.06.1947 |
|
Date of Appointment : |
07.08.2010 |
|
DIN No.: |
00742732 |
|
|
|
|
Name : |
Mr. Subhash Jagannath Gulve |
|
Designation : |
Director |
|
Address : |
A/p . Takali, Taluka Karmala, Solapur-413203, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1969 |
|
Date of Appointment : |
28.01.2009 |
|
DIN No.: |
02625022 |
KEY EXECUTIVES
|
Name : |
Ms. Anushanethri Vishwanathan |
|
Designation : |
Secretary |
|
Address : |
B-4/201, Prasad Nagar, Vadgaonsheri, Pune – 411014, Maharashtra, India
|
|
Date of Birth/Age : |
27.06.1988 |
|
Date of Appointment : |
28.09.2011 |
|
PAN No.: |
AGVPV1694G |
MAJOR SHAREHOLDERS
NOTE: SHAREHOLDING & ALLOTTEES DETAILS FILE
ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on: 28.09.2012
|
Category |
Percentage |
|
Bodies corporate |
69.99 |
|
Directors or relatives of Directors |
13.55 |
|
Other top fifty shareholders |
2.74 |
|
Others |
13.72 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Chicken Processing, Animal Feed,
Sugar, Distillery, Power and Other agriculture related business. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial
Institutions : |
IFCI Limited, IFCI Tower61 Nehru Place, New Delhi - 110019, Delhi, India |
|
|
|
|
Auditors : |
|
|
Name : |
G S Thorat and Company Chartered Accountants |
|
Address : |
The Pentagon 201-209, Shahu College Road, Pune Satara Road, Pune – 411009, Maharashtra, India |
|
PAN No.: |
AAPPT4948P |
|
|
|
|
Associate : |
CIN No.: U01402PN2011PTC138471
CIN No.: U63090PN2011PTC140933
CIN No.: U01403PN2011PTC140502
CIN No.: U74999PN2011PTC140608
CIN No.: U51909PN1999PLC013701 |
CAPITAL STRUCTURE
After 28.09.2012
Authorised Capital : Rs.500.000 Millions
Issued, Subscribed & Paid-up Capital : Rs.410.596
Millions
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
38000000 |
Equity Shares |
Rs.10/- each |
Rs.380.000 Millions |
|
5000000 |
Preference Shares |
Rs.10/- each |
RS.50.000 Millions |
|
|
Total |
|
Rs.430.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
34557899 |
Equity Shares |
Rs.10/- each |
Rs.345.579
Millions |
|
5000000 |
Preference Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
Total |
|
Rs.395.579 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 |
|
395.579 |
387.256 |
|
(b) Reserves & Surplus |
|
926.565 |
614.850 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
15.487 |
36.744 |
|
Total
Shareholders’ Funds (1) + (2) |
|
1337.631 |
1038.850 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
1307.777 |
1447.420 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
1307.777 |
1447.420 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
2437.131 |
1170.950 |
|
(b) Trade
payables |
|
728.054 |
360.300 |
|
(c) Other
current liabilities |
|
298.366 |
185.613 |
|
(d) Short-term
provisions |
|
310.620 |
282.162 |
|
Total Current
Liabilities (4) |
|
3774.171 |
1999.025 |
|
|
|
|
|
|
TOTAL |
|
6419.579 |
4485.295 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
2054.052 |
1896.943 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
79.598 |
1.383 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
15.769 |
8.743 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
2149.419 |
1907.069 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
3068.051 |
1865.160 |
|
(c) Trade
receivables |
|
328.607 |
155.650 |
|
(d) Cash
and cash equivalents |
|
197.013 |
32.131 |
|
(e)
Short-term loans and advances |
|
472.520 |
462.817 |
|
(f) Other
current assets |
|
203.969 |
62.469 |
|
Total
Current Assets |
|
4270.160 |
2578.227 |
|
|
|
|
|
|
TOTAL |
|
6419.579 |
4485.296 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
366.090 |
|
|
2] Share Application Money |
|
|
43.490 |
|
|
3] Reserves & Surplus |
|
|
429.828 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
839.408 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
2844.642 |
|
|
2] Unsecured Loans |
|
|
6.659 |
|
|
TOTAL BORROWING |
|
|
2851.301 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
3690.709 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
2026.865 |
|
|
Capital work-in-progress |
|
|
2.306 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
1.383 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1718.426
|
|
|
Sundry Debtors |
|
|
90.627
|
|
|
Cash & Bank Balances |
|
|
30.934
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
503.070
|
|
Total
Current Assets |
|
|
2343.057 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
465.192 |
|
|
Other Current Liabilities |
|
|
65.017
|
|
|
Provisions |
|
|
160.013
|
|
Total
Current Liabilities |
|
|
690.222 |
|
|
Net Current Assets |
|
|
1652.835
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
7.320 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
3690.709 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
8460.692 |
5310.163 |
2869.106 |
|
|
|
Other Income |
149.048 |
12.523 |
16.578 |
|
|
|
TOTAL (A) |
8609.740 |
5322.686 |
2885.684 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
4675.523 |
3551.396 |
|
|
|
|
Purchases of stock-in-trade |
2452.390 |
735.653 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(612.055) |
(290.674) |
|
|
|
|
Employee benefit expense |
125.689 |
85.265 |
|
|
|
|
Other expenses |
935.315 |
437.717 |
|
|
|
|
TOTAL (B) |
7576.862 |
4519.357 |
2459.571 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1032.878 |
803.329 |
426.113 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
311.639 |
297.692 |
156.527 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
721.239 |
505.637 |
269.586 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
319.877 |
300.997 |
129.032 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
401.362 |
204.640 |
140.554 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
82.280 |
40.785 |
21.250 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
319.082 |
163.855 |
119.304 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
284.596 |
120.741 |
1.437 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
603.678 |
284.596 |
120.741 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
3513.200 |
730.119 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.28 |
4.73 |
4.06 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.71
|
3.08 |
4.13
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.74
|
3.85 |
4.90
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.33
|
4.56 |
3.22
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30
|
0.20 |
0.17
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.80
|
2.52 |
3.40
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13
|
1.29 |
3.39
|
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 |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
OPERATIONS:
During the year, the Turnover of the Company increased to Rs. 8584.300 Millions as compared to Rs. 5308.700 Millions in the previous financial year. This helped the Company to earn profit.
UNSECURED LOAN:
(Rs.
in Millions)
|
Particulars |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
LONG TERM
BORROWINGS |
|
|
|
Deposits |
12.790 |
9.609 |
|
Total |
12.790 |
9.609 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10440827 |
27/06/2013 * |
1,186,700,000.00 |
PUNJAB NATIONAL BANK |
AURORA TOWER, CAMP BRANCH, M. G. Road, PUNE, Maharashtra - 411001, INDIA |
B81832156 |
|
2 |
10425707 |
20/04/2013 |
1,600,000,000.00 |
BANK OF INDIA |
PUNE LARGE CORPORATE BRANCH, 1290, SUSHILP, OPPOSITE HOTEL SWAN INN, OFF J M ROAD, SHIVAJINAGAR, PUNE, Maharashtra - 411005, INDIA |
B75133058 |
|
3 |
10395071 |
26/03/2013 * |
650,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. |
B74110347 |
|
4 |
10333418 |
25/06/2012 * |
900,000,000.00 |
Bank of India Mid Corporate Branch |
1162/6,Shivajinagar, University Road Near Hardikar Hospital, Pune, Maharashtra - 411005, INDIA |
B44677730 |
|
5 |
10318818 |
24/10/2011 |
221,700,000.00 |
BANK OF INDIA |
PUNE MID CORPORATE BRANCH, 1162/6, SHIVAJINAGAR, UNIVERSITY ROAD, PUNE, Maharashtra - 411005, INDIA |
B25733924 |
|
6 |
10315088 |
12/09/2011 |
20,000,000.00 |
COSMOS CO-OPERATIVE BANK LIMITED |
269/270, SHANIWAR PETH, PUNE, Maharashtra - 411030 |
B24272338 |
|
7 |
10303980 |
08/08/2011 |
350,000,000.00 |
BANK OF INDIA |
PUNE MID CORPORATE BRANCH, 1162/6, SHIVAJINAGAR, UNIVERSITY ROAD, PUNE, Maharashtra - 411005, INDIA |
B19525880 |
|
8 |
10303223 |
30/06/2011 |
99,900,000.00 |
ORIENTAL BANK OF COMMERCE |
917/918,DINSHAW HOUSE, SYNAGOGUE STREET, CAMP, PU |
B19190636 |
|
9 |
10324286 |
09/06/2011 |
140,000,000.00 |
IDBI BANK LTD. |
486 TILAK BHAVAN NAVI PETH, L.B.SHASTRI ROAD, PUN |
B17945940 |
|
10 |
10321063 |
01/01/2010 |
22,000,000.00 |
UINION BANK OF INDIA |
BARAMATI BRANCH, BARAMATI, Maharashtra - 413102, INDIA |
B15309099 |
* Date of charge modification
FIXED ASSETS:
- Free Hold
Land
- Building
- Plant and
Machinery
- Furniture and
Office Equipments
- Vehicles
- Computer and
Peripherals
- Agricultural
Assets
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.68.36 |
|
|
1 |
Rs.106.03 |
|
Euro |
1 |
Rs.91.47 |
INFORMATION DETAILS
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.