MIRA
INFORM REPORT
|
Report Date : |
20.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
AMOLI ORGANICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
322/ 4, 40 Shed Area, GIDC, Vapi – 396 195, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
19.09.1991 |
|
|
|
|
Com. Reg. No.: |
04-016288 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.46.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231GJ1991PTC016288 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
SRTA01797F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA3990Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer
of Bulk Drugs/active Pharmaceuticals Ingredients and Caters Primarily to the
Anti-Inflammatory, Anti-Fungal and Anti-Depressant Segments. |
|
|
|
|
No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having satisfactory track record.
Trade relations are reported as fair. Business is active. Payments are reported
to be usually correct and as per commitments. The company can be considered normal 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 – 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 : CRISIL BBB- |
|
Rating Explanation |
Having moderate degree of safety regarding timely servicing of
financial obligation it carry moderate credit risk. |
|
Date |
31st January, 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/ Factory 1 : |
322/ 4, 40 Shed Area, GIDC, Vapi – 396 195, |
|
Tel. No.: |
91-260-22424882/
22400383 |
|
Mobile No.: |
91-9819871700 (Mr. Ramanuj Malani) |
|
Fax No.: |
91-260-22431982 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
60000
sq. ft. |
|
Location : |
Leased |
|
|
|
|
Corporate
Office/ Factory 2 : |
407,
Dalamal House, |
|
Tel. No.: |
91-22-22854715 |
|
Fax No.: |
91-22-22041400 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
Plot
No. 421 to 425, 432, 433 and 436, Taluka – Padra, District: Vadodara, |
|
Tel. No.: |
91-2662-3200383 |
|
|
|
|
Offices and Stock Points : |
Located at: ·
Mumbai ( ·
·
·
·
Jebel Ali (UAE) ·
|
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Manish Umed Doshi |
|
Designation : |
Director |
|
Address : |
1201 A, Chandanbala Apartment, |
|
Date of Birth/Age : |
07.10.1961 |
|
Qualification : |
B. Pharma |
|
Date of Appointment : |
15.10.1994 |
|
PAN No.: |
AABPD3578R |
|
DIN No.: |
00210389 |
|
|
|
|
Name : |
Mrs. Vandana Manish Doshi |
|
Designation : |
Director |
|
Address : |
1201 A, Chandanbala Apartment, |
|
Date of Birth/Age : |
23.08.1962 |
|
Date of Appointment : |
19.01.1991 |
|
PAN No.: |
AAEPD2835J |
|
DIN No.: |
00211618 |
|
|
|
|
Name : |
Mr. Rupesh Suryakant Kamdar |
|
Designation : |
Director |
|
Address : |
Flat No.603, Somnath CHS, |
|
Date of Birth/Age : |
11.04.1971 |
|
Date of Appointment : |
26.09.2009 |
|
PAN No.: |
AFVPK9124K |
|
DIN No.: |
02358348 |
|
|
|
|
Name : |
Mr. Kundan Lal Khurana |
|
Designation : |
Director |
|
Address : |
103, Sector 35A, |
|
Date of Birth/Age : |
22.09.1942 |
|
Date of Appointment : |
26.09.2009 |
|
DIN No.: |
02193237 |
|
|
|
|
Name : |
Mr. Mukundray Harshadray Bhatt |
|
Designation : |
Director |
|
Address : |
Ananya, Tithal Road, Valsad – 396 001, |
|
Date of Birth/Age : |
28.09.1951 |
|
Date of Appointment : |
26.09.2009 |
|
DIN No.: |
02200427 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Vandna
M. Doshi |
|
1631776 |
|
Manish
U. Doshi |
|
1070496 |
|
|
|
78880 |
|
Manish
U. Doshi (HUF) |
|
498848 |
|
Tolstoy
Investments Private Limited, India |
|
320000 |
|
Port
Limited, Mauritius |
|
1000000 |
|
Total |
|
4600000 |
AS ON 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
21.74 |
|
Bodies
corporate |
|
6.96 |
|
Directors
or relatives of directors |
|
71.30 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
of Bulk Drugs/active Pharmaceuticals Ingredients and Caters Primarily to the
Anti-Inflammatory, Anti-Fungal and Anti-Depressant Segments. |
|
|
|
|
Products : |
Bulk
Drugs |
GENERAL INFORMATION
|
No. of Employees : |
300 (Approximately) |
||||||||||||||||||
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|
||||||||||||||||||
|
Bankers : |
v
State Bank of Industrial Finance Branch, The Arcade, World Trade Centre, Cuffe Parade, Mumbai – 400 005, Maharashtra, India v EXIM Bank, World Trade Centre, Cuffe Parade, Mumbai – 400 005, Maharashtra, India v ICICI
Bank Limited, 215, Free Press House, Free Press Journal Marg, Nariman Point, Mumbai – 400 021, Maharashtra, India v ICICI
Bank Limited, Land Mark Race Cource Circle, Alkapuri, Baroda – 390 015,
Gujarat, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Contractor
Nayak and Kishnadwala Chartered
Accountants |
|
Address : |
Jash Chambers, 7, Sir. P. M. Road, Mumbai, Maharashtra, India |
|
Tel No.: |
91-22-66359681/82/83 / 66230 600 / 22661819 |
|
PAN No.: |
AACFC8587E |
|
|
|
|
Associates : |
v Umedica Laboratories Limited Address: 403, Dalamal House, J. B. Road, Nariman Point, Mumbai -
400 021, Maharashtra, India Tel. No.: 91-22-285 4715 Fax No.: 91-22-204 1400 E-Mail: umedica@vsnl.com
Website: http://www.amoliindia.com
-It
is engaged in manufacturing and exporting of a wide range of Injectables,
Tablets, Capsules, Suspensions and Dry Syrups, etc. -Subject
is Government Recognised Export House. v
Sweta
Pharma Private Limited v KMI Business Technologies Private Limited v Tolstory Investment Private Limited v Bromofine
Chem Private Limited |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12500000 |
Equity Share |
Rs.10/- each |
Rs.125.000
millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4600000 |
Equity Share |
Rs.10/- each |
Rs.46.000
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
46.000 |
46.000 |
46.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
251.903 |
235.554 |
232.375 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
297.903 |
281.554 |
278.375 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
468.911 |
359.547 |
288.031 |
|
|
2] Unsecured Loans |
36.628 |
10.453 |
160.363 |
|
|
TOTAL BORROWING |
505.539 |
370.000 |
448.394 |
|
|
DEFERRED TAX LIABILITIES |
11.618 |
19.830 |
21.850 |
|
|
|
|
|
|
|
|
TOTAL |
815.060 |
671.384 |
748.619 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
406.107 |
354.518 |
360.475 |
|
|
Capital work-in-progress |
9.687 |
0.220 |
6.773 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.117 |
1.117 |
1.117 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
289.916
|
270.935 |
212.321
|
|
|
Sundry Debtors |
533.926
|
378.920 |
374.075
|
|
|
Cash & Bank Balances |
24.057
|
20.403 |
8.276
|
|
|
Other Current Assets |
102.818
|
74.731 |
0.000
|
|
|
Loans & Advances |
60.639
|
51.557 |
91.768
|
|
Total
Current Assets |
1011.356
|
796.546 |
686.440 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
526.579
|
393.335 |
266.347
|
|
|
Other Current Liabilities |
74.433
|
76.928 |
29.755
|
|
|
Provisions |
12.195
|
10.754 |
10.084
|
|
Total
Current Liabilities |
613.207
|
481.017 |
306.186 |
|
|
Net Current Assets |
398.149
|
315.529 |
380.254
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
815.060 |
671.384 |
748.619 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Net Sales |
|
|
1227.505 |
|
|
|
Other Income |
|
|
46.332 |
|
|
|
TOTAL
(A) |
1722.730 |
1363.900 |
1273.837 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Consumed |
|
|
759.389 |
|
|
|
Manufacturing Expenses |
|
|
198.435 |
|
|
|
Personal Cost |
|
|
117.504 |
|
|
|
Administration & Selling Expenses |
|
|
84.126 |
|
|
|
Increase/Decrease in Stock |
|
|
(35.185) |
|
|
|
Prior Period Income/ Expenses |
|
|
0.000 |
|
|
|
TOTAL (B) |
NA |
NA |
1124.269 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
NA |
149.568 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
NA |
39.770 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
54.220 |
58.950 |
109.798 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
NA |
56.720 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
NA |
NA |
53.078 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
NA |
15.080 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
16.350 |
3.180 |
37.998 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
185.070 |
181.890 |
143.890 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
201.420 |
185.070 |
181.888 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods (FOB) |
NA |
NA |
383.846 |
|
|
TOTAL EARNINGS |
NA |
NA |
383.846 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
NA |
444.698 |
|
|
|
Capital Goods |
NA |
NA |
0.927 |
|
|
TOTAL IMPORTS |
NA |
NA |
445.625 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.55 |
0.69 |
8.26 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.95
|
0.23
|
2.98
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
4.32
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA
|
5.07
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA
|
0.19
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.70
|
1.31
|
1.61
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.65
|
1.66
|
2.24
|
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 |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
DETAILS OF
UNSECURED LOAN
(Rs.
In Millions)
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
Loans Repayable on Demand from Others |
36.628 |
10.453 |
|
Total |
36.628 |
10.453 |
OPERATIONS
Despite the recessionary trends prevailing in global and in domestic economy, the Company has achieved higher sales and other income of Rs.1722.730 Millions for the F.Y.2011-12, reflecting a growth of 26.31 % over the previous year. Export sales have grown from Rs. 564.420 Millions to Rs.739.450 Millions i.e. by 31.01% over the previous year. The net profit for the year has inclined substantially to Rs.16.350 Millions, from Rs.3.180 Millions in the previous year.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
90106321 |
|
Corporate
identity number of the company |
U24231GJ1991PTC016288 |
|
Name of the
company |
AMOLI
ORGANICS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
322 /
4, 40 Shed Area, GIDC, Vapi-396195, E-mail
Id : mudoshi@amoliindia.com |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
State Bank of India, Industrial Finance Branch, The Arcade, World Trade Centre, Cuffe Parade, Mumbai – 400 005, Maharashtra, India E-mail Id : ajay.mahtole@sbi.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
Mortgage deed |
|
Date of
instrument Creating the charge |
21.11.2012 |
|
Amount secured by
the charge |
Rs.262.500
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Extent and
Operation of the charge First charge ranking pari passu with amongst State
Bank of India and ICICI Bank Limited to further secure the working capital
facilities of Rs.250.000 Millions and Derivatives facility of Rs.12.500
Millions, aggregating to Rs.262.500 Millions granted by State Bank of India,
ICICI Bank Limited for its W/C limit of Rs.170.000 Millions, Derivatives
limit of Rs.40.600 Millions and ICICI Bank Singapore) for its term loan (ECB
in USD of Rs.126.000 Millions. |
|
Short particulars
of the property charged |
Plots Nos. 422
and 424, Survey Nos. 350, 351 and 353, admn. H-R-E 1.83.13, Village Luna,
Taluka Padra, District Vadodara, Gujarat Plot No. 421,
Survey No.350, admn. H-R-E-0.30.92 of Village Luna, Taluka Padra, District
Vadodara, Gujarat Plot No. 425,
Survey No.353, admn. H-R-E-0.35.67 (35.67 Gunthas) of Village Luna, Taluka
Padra, District Vadodara, Gujarat Plot No. 423,
Survey No.354, admn. H-R-E-0.28.54 (28.54 gunthas) of Village Luna, Taluka
Padra, District Vadodara, Gujarat Plot No. 436,
Survey No.567, admn. H-R-E-0.53.51 of Village Luna, Taluka Padra, District
Vadodara, Gujarat Plot No. 432,
Survey No.365/2, admn. H-R-E-0.72.54 of Village Luna, Taluka Padra, District
Vadodara, Gujarat Plot No. 433, Survey
No.365, Hissa No.1, admn. H-R-E-0.59.46 of Village Luna, Taluka Padra,
District Vadodara, Gujarat Plot No. 322/4,
Survey No.262/P, 263/P, 264/P, admn. 5,201 sq. meters, in Vapi Industrial
Area, Village Chanod, Taluka Pardi, District Bulsar, Gujarat. |
|
Date of latest
modification prior to the present modification |
12.05.2007 |
|
Particulars of
the present modification |
Mortgage created on the immovable properties of the Company as described in Column 15 above, to further secure the working capital facilities of Rs.250.000 Millions and Derivatives facility of Rs.1250.000 Millions, aggregating to Rs.262.500 Millions granted by State Bank of India, on first charge basis to rank pari passu with ICICI Bank Limited for its W/C limit of Rs.170.000 Millions, Derivatives limit of Rs.40.600 Millions and Term Loan (ECB) of Rs.126.000 Millions. [ICICI Banks' charges are filed separately]. |
FIXED ASSETS
v Factory Plot
v Starr Quarter Plot
v
v Plant and machinery
v Electrical Equipments
v Motorcar and Vehicles
v Motorcar
v Motor Lorry
v Furniture Fixture and Office equipments
v Computer
v Efferent Treatment Plant
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.54.29 |
|
|
1 |
Rs.84.09 |
|
Euro |
1 |
Rs.72.44 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN / VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
TOTAL |
|
45 |
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.