MIRA INFORM REPORT
|
Report Date : |
17.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
CARGILL INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
111, Rectangle-I, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
12.04.1996 |
|
|
|
|
Com. Reg. No.: |
55-118008 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.415.985 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15440DL1996PTC118008 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACC3269J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Agricultural, Industrial and Food
Products. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (62) |
|
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 5425000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of Cargill USA. It is an established company having fine track record. Latest financial
i.e. 2013 are not available with us. As per available financial i.e. 2012 it
seems that the company is continuously incurring lossess from its operations. However, the company receives good financial support from its group
companies. Trade relations are reported as fair. Business is active. Payments
are reported to be regular and as per commitments. In view of strong holding the company can be considered good 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
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International Finance
Corporation expects to come out with its rupee linked bonds issue before the
end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone 5c (Rs
41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been launched
in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund Based (AA)+ |
|
Rating Explanation |
High degree of safety. It carry very low
credit risk. |
|
Date |
October 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non Fund Based facilities (A1)+ |
|
Rating Explanation |
Highest degree of safety. It carry lowest
credit risk. |
|
Date |
October 2013 |
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 : |
111, Rectangle-I, Saket District Center, New Delhi – 110017, India |
|
Tel. No.: |
91-11-46010389 |
|
Fax No.: |
91-11-46010390 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
14th Floor, Building 9 A,
DLF Cyber City, Phase III Gurgaon – 122002, Haryana, India |
|
Tel. No.: |
91-124-2358939/
4090489 |
|
Fax No.: |
91-124-2358977/ 2358972/ 73 |
|
|
|
|
Regional Offices : |
Located
at: ·
Ghaziabad Kolkata Mumbai Pune Nagpur |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Siraj Azmat Chaudhry |
|
Designation : |
Director |
|
Address : |
S-12B, Windsor Court, DLF Phase IV, Gurgaon-122009, Haryana, India |
|
Date of Birth/Age : |
08.01.1967 |
|
Date of Appointment : |
30.09.2008 |
|
DIN No.: |
00161853 |
|
|
|
|
Name : |
Mr. Viraraghavan Sankaran |
|
Designation : |
Director |
|
Address : |
519-A, Hamilton Court, DLF Phase IV, Gurgaon -122002, Haryana, India |
|
Date of Birth/Age : |
07.04.1964 |
|
Date of Appointment : |
30.09.2008 |
|
DIN No.: |
00174728 |
|
|
|
|
Name : |
Mr. Srinivasa Rao Namburi |
|
Designation : |
Director |
|
Address : |
B-1102, Park Life, Sector-57, Gurgaon-122011, Haryana, India |
|
Date of Birth/Age : |
14.10.1975 |
|
Date of Appointment : |
28.09.2012 |
|
DIN No.: |
03614838 |
|
|
|
|
Name : |
Mr. Parmeshwar Ravi |
|
Designation : |
Director |
|
Address : |
115, Hamilton Court, DLF Phase 4, Gurgaon 122002, Haryana, India |
|
Date of Birth/Age : |
12.02.1966 |
|
Date of Appointment : |
28.09.2012 |
|
DIN No.: |
05216282 |
|
|
|
|
Name : |
John Joseph |
|
Designation : |
Director |
|
Address : |
Flat No. 201, Hillscapes, Pashan-Baner Link Road, Pashan, Pune – 411021, Maharashtra, India |
|
Date of Birth/Age : |
26.05.1966 |
|
Date of Appointment : |
22.10.2012 |
|
DIN No.: |
01520069 |
KEY EXECUTIVES
|
Name : |
Ms. Jyoti Arora |
|
Designation : |
Secretary |
|
Address : |
H.No.768/22, Street No. 2, Gandhi Nagar, Gurgaon-122 001, Haryana, India |
|
Date of Birth/Age : |
25.07.1981 |
|
Date of Appointment : |
21.10.2008 |
|
PAN No.: |
AIAPA1497K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Equity Shareholders |
|
No. of Shares |
|
Cargill Mauritius Limited, |
|
54480683 |
|
Cargill International Trading Pte. Limited, Singapore |
|
2 |
|
Total |
|
54480685 |
|
Names of Preference Shareholder |
|
No. of Shares |
|
Cargill Global Trading India Private Limited, |
|
1250000 |
|
Total |
|
1250000 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Agricultural, Industrial and Food
Products. |
||||||||||
|
|
|
||||||||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
Licensed capacity
/ Installed Capacity *
|
Particulars |
Unit |
Licensed
Capacity |
|
Edible oil refining |
MT per annum |
1140000 |
|
Aqua feed |
MT per annum |
36000 |
|
Emulsion and food flavors |
MT per annum |
2500 |
|
Others * * |
MT per annum |
190800 |
NOTE:
· *As certified by the management and not verified by the Auditor being a technical matter.
**Represents
installed capacity of distilled fatty acid (25500 MT), acid oil (13800 MT),
hydro vasnaspati (150000 MT) and packing film extrusion (1500 MT).
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
· HDFC Bank Limited · State Bank of India · Axis Bank Limited |
|||||||||||||||
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|
|||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
BSR and Company Chartered Accountant |
|
Address : |
Building No. 10, 8th Floor, Tower – B, |
|
Tel. No. : |
91-124-2549191 |
|
Fax No. : |
91-124-2549101 |
|
PAN
No. : |
AAAFB9852F |
|
|
|
|
|
|
|
Holding company
: |
Cargill Mauritius Limited, Mauritius |
|
|
|
|
Ultimate holding
company : |
Cargill Incorporated, USA |
|
|
|
|
Fellow
subsidiaries : |
Ø Agribrands
Purina (Fushun) Feedmill Company Limited Ø Agribrands
Purina Guatemala Ø AWB Australia Ø AWB India
Private Limited Ø Black River
Advisors India Private Limited Ø CAN Technologies
Inc, US Ø Cargill
(Malaysia) SDN BHD Ø Cargill Agri
Purina Inc South Korea Ø Cargill Asia
Pacific Treasury Limited, Singapore Ø Cargill
Asia-Pacific Holdings Pte Limited, Singapore Ø Cargill
Australia Limited Ø Cargill BV,
Amsterdam Ø Cargill Capital and
Financial Ø Services India
Private Limited Ø Cargill Cotton
Limited Ø Cargill
Enterprise Inc,Russia Ø Cargill Europe
BVBA , Belgium Ø Cargill
Financial Services Ø Corporation, USA Ø Cargill Flavours
System Limited, UK Ø Cargill Food
Ingredients LLC, US Ø Cargill France S.A. Ø Cargill Gida
(Turkey) Ø Cargill Global
Trading India Private Limited Ø Cargill Global
Trading Solutions India Private Limited Ø Cargill Grain
and Oilseeds (Yangjiang) Limited Ø Cargill Holdings
B.V. Ø Cargill Holdings
Malaysia SDN BHD Ø Cargill
Incorporated, USA Ø Cargill
International Luxembourg Ø Cargill
International S A, Geneva Ø Cargill
International Trading Pte Limited, Singapore Ø Cargill
Investments (China) Limited. Ø Cargill Limited
- Cargill Limited Canada Ø Cargill Limited.
- Cairo Ø Cargill Malaysia
SDN BHD Ø Cargill
Nutriproducts Inc Ø Cargill Ocean Ø Transportation,Singapore Ø Cargill Oil
Packers BVBA Ø Cargill Palm
Products SDN, BHD, Malaysia Ø Cargill
Philippines, Inc. Ø Cargill
President Holdings Pte Limited Ø Cargill Protein
Feed (Dongguan) Limited Ø Cargill RSA
Holdings Ø Cargill S.A. Ø
Cargill SAS , France Ø
Cargill Siam Limited, Ø
Cargill Siam Limited Ø
Cargill Tropical Palm Holdings Pte Limited Ø
Cargill TSF Asia Pte Limited, Singapore Ø
Cargill Vietnam Limited Ø
Carval India Private Limited Ø
Cerestar Deutschland Holding Ø
CFSI Ø
CFSIT Ø
Mosaic India Private Limited Ø
P.T Cargill Indonesia Ø
Poliamba Limited Ø
Provimi Animal Nutition India Private Limited |
CAPITAL STRUCTURE
After 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120000000 |
Equity Shares |
Rs.10/- each |
Rs.1200.000 Millions |
|
26000000 |
Preference Shares |
Rs.10/- each |
Rs.260.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.1460.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
54480685 |
Equity Shares |
Rs.10/- each |
Rs.544.807 Millions |
|
1250000 |
Preference Shares |
Rs.10/- each |
Rs.12.500 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.557.307
Millions |
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120000000 |
Equity Shares |
Rs.10/- each |
Rs.1200.000 Millions |
|
26000000 |
Preference Shares |
Rs.10/- each |
Rs.260.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.1460.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40348556 |
Equity Shares |
Rs.10/- each |
Rs.403.485 Millions |
|
1250000 |
Preference Shares |
Rs.10/- each |
Rs.12.500 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.415.985
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 |
|
415.985 |
410.459 |
|
(b) Reserves & Surplus |
|
940.503 |
1511.905 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
67.425 |
|
Total
Shareholders’ Funds (1) + (2) |
|
1356.488 |
1989.789 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
102.170 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
184.103 |
180.451 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
286.273 |
180.451 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
17298.062 |
18204.369 |
|
(b) Trade payables |
|
5692.454 |
3436.347 |
|
(c) Other current
liabilities |
|
3014.087 |
2812.131 |
|
(d) Short-term provisions |
|
204.085 |
92.517 |
|
Total Current Liabilities (4) |
|
26208.688 |
24545.364 |
|
|
|
|
|
|
TOTAL |
|
27851.449 |
26715.604 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
1715.810 |
1704.924 |
|
(ii) Intangible Assets |
|
711.726 |
800.542 |
|
(iii) Capital
work-in-progress |
|
148.247 |
119.773 |
|
(iv)
Intangible assets under development |
|
549.518 |
434.652 |
|
(b) Non-current Investments |
|
35.694 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
1133.455 |
688.945 |
|
(e) Other Non-current assets |
|
297.223 |
55.811 |
|
Total Non-Current Assets |
|
4591.673 |
3804.647 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
15156.447 |
14091.460 |
|
(c) Trade receivables |
|
2598.580 |
4332.589 |
|
(d) Cash and cash
equivalents |
|
1515.702 |
2708.404 |
|
(e) Short-term loans and
advances |
|
3193.183 |
1249.507 |
|
(f) Other current assets |
|
795.864 |
528.997 |
|
Total Current Assets |
|
23259.776 |
22910.957 |
|
|
|
|
|
|
TOTAL |
|
27851.449 |
26715.604 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
410.459 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1871.997 |
|
|
4] (Accumulated Losses) |
|
|
(1017.999) |
|
|
NETWORTH |
|
|
1264.457 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
10523.997 |
|
|
TOTAL BORROWING |
|
|
10523.997 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
11788.454 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1669.297 |
|
|
Capital work-in-progress |
|
|
217.420 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
12629.698 |
|
|
Sundry Debtors |
|
|
1449.497 |
|
|
Cash & Bank Balances |
|
|
1825.819 |
|
|
Other Current Assets |
|
|
83.539 |
|
|
Loans & Advances |
|
|
1771.873 |
|
Total
Current Assets |
|
|
17760.426 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
4875.752 |
|
|
Other Current Liabilities |
|
|
2827.281 |
|
|
Provisions |
|
|
155.656 |
|
Total
Current Liabilities |
|
|
7858.689 |
|
|
Net Current Assets |
|
|
9901.737 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
11788.454 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
85687.700 |
66653.020 |
63958.270 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
84484.060 |
64734.390 |
63030.950 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (A-B) (C) |
1203.640 |
1918.630 |
927.320 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1492.850 |
863.720 |
460.690 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(289.210) |
1054.910 |
466.630 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
337.790 |
254.080 |
197.390 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
(627.000) |
800.830 |
269.240 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
6.300 |
142.920 |
16.880 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
(633.300) |
657.910 |
252.360 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(360.090) |
(1018.000) |
(1313.410) |
|
|
|
|
|
|
|
|
|
Add |
Transitional
adjustment on adoption of AS 30 [net of provision for tax of Rs.8.810
millions in previous year] |
0.000 |
0.000 |
43.050 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(993.390) |
(360.090) |
(1018.000) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
|
|
13876.075 |
|
|
|
Agency Fees |
|
|
164.247 |
|
|
|
Other Income |
|
|
54.788 |
|
|
TOTAL EARNINGS |
NA |
NA |
14095.110 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
NA |
16228.755 |
|
|
|
Stores & Spares |
NA |
NA |
13.716 |
|
|
|
Capital Goods |
NA |
NA |
0.186 |
|
|
TOTAL IMPORTS |
NA |
NA |
16242.657 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
|
16.53 |
6.34 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(0.74)
|
0.99 |
0.39 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(2.31)
|
3.06 |
1.88 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.46)
|
0.40 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
12.83
|
9.15 |
8.32 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.89
|
0.93 |
2.26 |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
NOTE:
The Registered office of the company has been shifted from 13, Abdul
Fazal Road, New Delhi – 110001, India to the present address w.e.f. 09.08.2007
UNSECURED LOANS
|
PARTICULAR |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
102.170 |
0.000 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advance from others |
2432.173 |
2527.830 |
|
|
|
|
|
Total |
2534.343 |
2527.830 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90262634 |
10/03/2005 |
550,000.00 |
H.D.F.C. BANK LTD. |
SENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, Maharashtra - 400013,
INDIA |
- |
|
2 |
90262618 |
24/02/2005 |
20,000,000.00 |
STATE BANK OF INDIA |
SAIFABAD S.I.B. BRANCH, HYDERABAD, Andhra Pradesh - 500004, INDIA |
- |
|
3 |
80041726 |
10/01/2005 |
400,000,000.00 |
UTI BANK LTD |
DLF GALLERIA SHOPPING, GURGOAN, - 122002, ALAND ISLANDS |
- |
|
4 |
90262418 |
09/02/2004 |
4,500,000.00 |
STATE BANK OF INDIA |
SAIFABAD S.I.B. BRANCH, HYDERABAD, Andhra Pradesh - 500004, INDIA |
- |
|
5 |
90262212 |
18/04/2005 * |
11,500,000.00 |
STATE BANK OF INDIA |
SAIFABAD S.I.B. BRANCH, HYDERABAD, Andhra Pradesh - 500004, INDIA |
- |
|
6 |
90262207 |
20/10/2002 |
11,500,000.00 |
STATE BANK OF INDIA |
SAIFABAD BRANCH, HYDERABAD, Andhra Pradesh - 500004, INDIA |
- |
|
7 |
90261983 |
28/11/2000 |
2,276,000.00 |
AP INDUSTRIAL DEVELOPMENT CORPORATION |
5 - 9 - 58/B; FATEH MAIDAN ROAD, HYDERABAD, Andhra Pradesh - 500004,
INDIA |
- |
|
8 |
90261903 |
30/06/2001 * |
1,700,000.00 |
STATE BANK OF INDIA |
KHAIRTABAD BRANCH, HYDERABAD, Andhra Pradesh - 500004, INDIA |
- |
* Date of charge modification
PERFORMANCE FOR THE YEAR
The company is pleased
to announce that it has achieved a turnover of Rs.83,640.700 millions (net of
excise duty) during the financial year 2011-12, showing a growth of 27.50% over
previous year. It has reported a net loss of Rs.627.000 millions (before tax)
during the current year.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
Claims against the
Company not acknowledged as debts |
|
|
|
· Sales tax matters (liability on account of non submission
of statutory declaration forms and others) |
523.522 |
208.138 |
|
· Income Tax Act, 1961 |
1744.882 |
1832.931 |
|
· Custom duty # # |
120.942 |
120.942 |
|
· Excise duty### |
28.373 |
28.373 |
|
. Others |
2.096 |
2.471 |
|
|
|
|
|
Total |
2419.815 |
2419.815 |
# # This
represents order passed by the Deputy Commissioner of Customs and Central
Excise, Nellore dated 7 October 2009 assessing the Bill of Entry no. 23/09-10 dated
10 June 2009 as bill of entry for home consumption and determining a liability
of Rs.120.942 millions as payable by the company in respect of 10,000 MT raw
sugar imported at Krishnapatanam port. Currently, the company has filed appeal
against this order to the relevant authorities.
### Pertains to
excise duty credit availed at Kurkumbh plant on imported material, on which
import duty has been paid using DEPB license amounting to Rs. 28373 millions
(previous year Rs. 28.373 millions).
FIXED ASSETS
· Land
Building
Plant
machinery
Office
equipments
Computer
equipments
Furniture
fixtures
Vehicles
Leasehold
improvements
Knowhow
Patents
trademarks design
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.62.10 |
|
|
1 |
Rs.101.27 |
|
Euro |
1 |
Rs.85.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
62 |
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.