1. Summary Information
|
Country |
INDIA |
||
|
Company Name |
AMRIT FEEDS LIMITED |
Principal Name 1 |
MR. HARISH GAURI PRASAD BAGLA |
|
Status |
GOOD |
Principal Name 2 |
MR. GAURI PRASAD BAGLA |
|
Registration # |
21-064082 |
||
|
Street Address |
158, Lenin Sarani, Kolkata – 700 013, West Bengal |
||
|
Established Date |
22.07.1994 |
SIC Code |
-- |
|
Telephone# |
91-33-22159863 |
Business Style 1 |
MANUFACTURER |
|
Fax # |
91-33-22366134 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
ANIMAL FEEDS |
|
|
# of employees |
NOT AVAILABLE |
Product Name 2 |
-- |
|
Paid up capital |
RS.28,177,170/- |
Product Name 3 |
-- |
|
Shareholders |
BODIES CORPORATE-33.63% DIRECTORS OR RELATIVES OF DIRECTORS-66.37% |
Banking |
PUNJAB NATIONAL BANK |
|
Public Limited Corp. |
NO |
Business Period |
19 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba (51) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
ASSOCIATES |
INDIA |
AMRICON AGROVET PRIVATE LIMITED |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
988,659,000
|
Current Liabilities |
737,811,000
|
|
Inventories |
767,141,000
|
Long-term Liabilities |
748,589,000 |
|
Fixed Assets |
339,710,000 |
Other Liabilities |
178,143,000
|
|
Deferred Assets |
5,632,000 |
Total Liabilities |
1,664,543,000 |
|
Invest& other Assets |
154,023,000 |
Retained Earnings |
562,445,000 |
|
|
|
Net Worth |
590,622,000 |
|
Total Assets |
2,255,165,000 |
Total Liab. & Equity |
2,255,165,000 |
|
Total Assets (Previous Year) |
1,745,190,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
8,847,950,000 |
Net Profit |
129,603,000 |
|
Sales(Previous yr) |
7,390,963,000 |
Net Profit(Prev.yr) |
91,086,000 |
MIRA INFORM REPORT
|
Report Date : |
23.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
AMRIT FEEDS LIMITED |
|
|
|
|
Registered
Office : |
158, Lenin Sarani, Kolkata – 700 013, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
22.07.1994 |
|
|
|
|
Com. Reg. No.: |
21-064082 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.28.177
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15339WB1994PLC064082 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PTNA00552G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA5571D |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is mainly engaged in the business of manufacture of Animal
Feeds. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2362000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having fine track record. General
financial position of the company is good.
Trade relations are reported as fair. Business is active. Payments are
reported to be regular 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) |
|
|
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
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Rating: A2 |
|
Rating Explanation |
The above average credit quality it carry higher credit risk. |
|
Date |
January 31, 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Long Term Rating: BBB+ |
|
Rating Explanation |
Moderate credit quality it carry higher than average credit risk. |
|
Date |
January 31, 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 : |
158, Lenin Sarani, Kolkata – 700 013, West |
|
Tel. No.: |
91-33-22159863/ 22219865/ 22152591/ 22362508/ 22151951 |
|
Fax No.: |
91-33-22366134/ 22156134 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Head Quarter : |
Infinity Benchmark, 6th Floor, Block EP and GP, Sector V,
Salt Lake, Kolkata – 700 091, West Bengal, India |
|
Tel. No.: |
91-33-40091000 |
|
Fax No.: |
91-33-40091099 |
|
|
|
|
Factory : |
Located at: ·
Coimbatore (Tamilnadu). |
|
|
|
|
|
Surya Apartment, 12, Fraser Road, Patna – 800 001, Bihar, India |
|
|
|
|
Bhubaneshwar Office : |
207A, Nirmala Plaza, Forest Park, Airport Road, Bhubaneshwar – 751
009, Orissa, India |
|
Tel. No.: |
91-674-2570990 |
|
|
|
|
Siliguri Office : |
13 and 14, North West Center, Golden Plaza, 3rd Floor,
Burdwan Road, Siliguri – 734 001, West Bengal, India |
DIRECTORS
As on 24.09.2012
|
Name : |
Mr. Harish Gauri Prasad Bagla |
|
Designation : |
Managing Director |
|
Address : |
Jaisalmer Building, 6, Ashoka Road, Alipore, Kolkata – 700 027, West
Bengal, India |
|
Date of Birth/Age : |
08.12.0968 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
12.09.1994 |
|
DIN No.: |
00037512 |
|
PAN No.: |
ABPPB7430D |
|
|
|
|
Name : |
Mr. Gauri Prasad Bagla |
|
Designation : |
Whole Time Director |
|
Address : |
Jaisalmer Building, 6, Ashoka Road, Alipore, Kolkata – 700 027, West
Bengal, India |
|
Date of Birth/Age : |
10.07.1937 |
|
Qualification : |
B Sc. |
|
Date of Appointment : |
10.06.1998 |
|
DIN No.: |
00120965 |
|
PAN No.: |
ABPPB7429J |
|
|
|
|
Name : |
Mrs. Archana Harish Bagla |
|
Designation : |
Director |
|
Address : |
Jaisalmer Building, 6, Ashoka Road, Alipore, Kolkata – 700 027, West
Bengal, India |
|
Date of Birth/Age : |
31.05.1975 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
24.04.2010 |
|
DIN No.: |
01066643 |
|
PAN No.: |
AEAPB1562J |
|
|
|
|
Name : |
Mr. Anurag Kedia |
|
Designation : |
Director |
|
Address : |
BD-79, Salt Lake City, Kolkata – 700 064, West Bengal, India |
|
Date of Birth/Age : |
13.05.1979 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
18.10.2010 |
|
DIN No.: |
03330980 |
|
PAN No.: |
AKYPK4323N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 24.09.2012
|
Names of Shareholders |
No. of Shares |
|
Harish Kumar Bagla |
1492689 |
|
Archana Bagla |
272112 |
|
H.K. Bagla (HUF) |
105000 |
|
Chanda Bagla |
300 |
|
Shree Shakambhari Properties (Private) Limited, India |
947526 |
|
Gouri Prasad Bagla |
60 |
|
G.P. Bagla (HUF) |
30 |
|
Total |
2817717 |
As on 24.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
33.63 |
|
Directors
or relatives of directors |
|
66.37 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is mainly engaged in the business of manufacture of Animal
Feeds. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
|
Metric |
Metric Tons per
annum |
525000 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
K.K. Jain and Company Chartered Accountants |
|
Address : |
P-21/22, Radha Bazar Street, Kolkata – 700 001, West Bengal, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAFFK1512N |
|
|
|
|
Associates : |
|
|
|
|
|
Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their
relatives : |
|
CAPITAL STRUCTURE
As on 24.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2817717 |
Equity Shares |
Rs.10/- each |
Rs.28.177
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 |
28.177 |
9.392 |
9.392 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
562.445 |
462.543 |
393.325 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
590.622 |
471.935 |
402.717 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
517.746 |
304.302 |
319.137 |
|
|
2] Unsecured Loans |
230.843 |
34.603 |
9.226 |
|
|
TOTAL BORROWING |
748.589 |
338.905 |
328.363 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1339.211 |
810.840 |
731.080 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
339.710 |
205.337 |
194.288 |
|
|
Capital work-in-progress |
119.086 |
111.491 |
20.069 |
|
|
|
|
|
|
|
|
INVESTMENT |
34.937 |
13.237 |
11.834 |
|
|
DEFERRED TAX ASSETS |
5.632 |
4.500 |
1.216 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
767.141
|
424.372
|
403.203 |
|
|
Sundry Debtors |
537.138
|
578.081
|
622.999 |
|
|
Cash & Bank Balances |
106.056
|
157.732
|
55.574 |
|
|
Other Current Assets |
23.863
|
0.000
|
0.000 |
|
|
Loans & Advances |
321.602
|
250.181
|
309.799 |
|
Total
Current Assets |
1755.800
|
1410.366 |
1391.575 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
627.472
|
721.179
|
767.017 |
|
|
Other Current Liabilities |
110.339
|
74.185
|
27.734 |
|
|
Provisions |
178.143
|
138.986
|
93.669 |
|
Total
Current Liabilities |
915.954
|
934.350
|
888.420 |
|
|
Net Current Assets |
839.846
|
476.016
|
503.155 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.259 |
0.518 |
|
|
|
|
|
|
|
|
TOTAL |
1339.211 |
810.840 |
731.080 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
8847.950 |
7390.963 |
5835.717 |
|
|
|
Other Income |
21.826 |
24.506 |
21.640 |
|
|
|
TOTAL (A) |
8869.776 |
7415.469 |
5857.357 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
7308.376 |
-- |
-- |
|
|
|
Purchases of stock-in-trade |
149.873 |
-- |
-- |
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
(32.521) |
-- |
-- |
|
|
|
Employee benefit expense |
183.118 |
-- |
-- |
|
|
|
Other expenses |
967.568 |
-- |
-- |
|
|
|
Consumption Materials Changes Inventories |
-- |
6754.934 |
5405.119 |
|
|
|
Manufacturing Service Costs |
-- |
135.909 |
91.123 |
|
|
|
Employee Related Expenses |
-- |
127.127 |
84.223 |
|
|
|
Administrative Expenses |
-- |
198.608 |
140.119 |
|
|
|
TOTAL (B) |
8576.414 |
7216.578 |
5720.584 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
293.362 |
198.891 |
136.773 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
65.549 |
29.912 |
25.725 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
227.813 |
168.979 |
111.048 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
45.890 |
36.677 |
25.156 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
181.923 |
132.302 |
85.892 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
52.320 |
41.216 |
28.710 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
129.603 |
91.086 |
57.182 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
270.187 |
210.078 |
180.554 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
|
9.109 |
5.718 |
|
|
|
Interim Dividend |
10.916 |
9.392 |
9.392 |
|
|
|
Dividend Distribution Tax |
|
3.084 |
1.596 |
|
|
|
Provision for Proposed Dividend |
|
9.392 |
9.392 |
|
|
|
Provision for Dividend Distribution Tax |
|
-- |
1.560 |
|
|
BALANCE CARRIED
TO THE B/S |
375.914 |
270.187 |
210.078 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
219.168 |
197.849 |
|
|
TOTAL IMPORTS |
NA |
219.168 |
197.849 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
136.50 |
96.98 |
60.88 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.46 |
1.23
|
0.98 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.06 |
1.79
|
1.47 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.68 |
8.17
|
5.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31 |
0.28
|
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.27 |
0.72
|
0.82 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.92 |
1.51
|
1.57 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
|
Unsecured Loans |
31.03.2012 (Rs.
in Millions) |
|
SHORT-TERM BORROWINGS |
|
|
Loans repayable on demand from banks |
100.000 |
|
Loans repayable on demand from others |
130.843 |
|
Total
|
230.843 |
|
Unsecured Loans |
31.03.2011 (Rs.
in Millions) |
|
Other debt
unsecured |
34.603 |
|
Total |
34.603 |
FINANCIAL PERFORMANCE:
The Company has
maintained the growth path and during this year registered a growth of nearly
20% in turnover in comparison to last year, which emphasises the increased
customer acceptance of quality products of the Company. Alongwith such growth
in turnover the Company has also increased the profit margin by 15% over last
financial year.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U15339WB1994PLC064082 |
|
Name of the
company |
AMRIT FEEDS
LIMITED |
|
Address of the
registered office or of the principal place of business in |
158, Lenin Sarani, Kolkata – 700 013, West Bengal, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Movable property
(not being pledge) Floating charge |
|
Particular of
charge holder |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India |
|
Nature of
instrument creating charge |
Letter of Hypothecation |
|
Date of
instrument Creating the charge |
18.01.2012 |
|
Amount secured by
the charge |
Rs.70.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Interest at the rate
as may be communicated by the bank from time to time. Terms of repayment On demand Margin Company shall at
all times during the continuance of this security maintain the said debts of
a sufficient amount to provide the margin of security as may from time to
time advised by the Bank. Extent and operation of the charge Hypothecation by
way of First/exclusive charge on Movable Plant and Machinery, Vehicles and
other fixed assets etc of the Company to secure as a continuing security as
security for the due repayment of Rs.70.000 Millions, including principal
amount of the Facility, interest, liquidated damages, costs, charges and
expenses etc. |
|
Short particulars
of the property charged (Including location of the property) |
The movable plant
and machinery, vehicles and other fixed assets which may now or at any time
hereafter belong to the Borrower or come to the Borrower's disposal Exclusive charge
on Movable Fixed assets situated at Rangia, Guwahati and Khurda,
Bhubaneshwar. |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Office Equipments
·
Computer
·
Vehicles
·
Furniture and Fixtures
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.54.43 |
|
|
1 |
Rs.83.20 |
|
Euro |
1 |
Rs.71.91 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
51 |
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.