MIRA INFORM REPORT
|
Report Date : |
29.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
ALLANASONS LIMITED |
|
|
|
|
Registered
Office : |
Allana
House, 4, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
01.02.1973 |
|
|
|
|
Com. Reg. No.: |
11-016285 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.19.600 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51990MH1973PLC016285 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA21423D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA4533D |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Exporter of Agricultural and Processed Food Products. |
|
|
|
|
No. of Employees
: |
2000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (63) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Maximum Credit Limit : |
USD 10000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject belongs to the Allana Group. It has been designated as the Five Star Trading House by the Government of India. It is a well established and reputed company having fine track record. Financial position of the company appears to be strong. Directors are well experienced and knowledgeable businessmen. Trade relations are reported as praiseworthy. Business is active. Payments are reported to be regular and as per commitments. The company can be considered good for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 |
CARE |
|
Rating |
SHORT TERM BANK FACILITIES : CARE A1+ |
|
Rating Explanation |
Very strong degree of safety and lowest credit risk. |
|
Date |
26.12.2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED
Management Non Co-Operative
(91-22-22874455)
LOCATIONS
|
Registered Office : |
Allana
House, 4, |
|
Tel. No.: |
91-22-22874455/ 22856474/ 22811000 |
|
Fax No.: |
91-22-22044821/ 22047002/ 22797742 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
Allana Centre, A.R.J. Allana Marg, 113/115, |
|
Tel. No.: |
91-22-66569140/66569000/66569080/66569197/22040161/22628000/66569130 |
|
Fax No.: |
91-22-22695700/22695701/22843243 |
|
E-Mail : |
|
|
|
|
|
Branch Office 1 : |
26/3-3, |
|
Tel. No.: |
91-80-22612354/ 2267007 |
|
Fax No.: |
91-80-22251041 |
|
E-Mail : |
|
|
|
|
|
Branch Office 2: |
Nicco House, 5th Floor, 2, |
|
Tel. No.: |
91-33-222487041/ 22487008 |
|
Fax No.: |
91-33-22248896 |
|
E-Mail : |
|
|
|
|
|
Branch Office 3: |
|
|
Tel. No.: |
91-40-22849047 /22842897 |
|
Fax No.: |
91-40-22867633 |
|
E-Mail : |
|
|
Telex: |
4252437 ALANA IN |
|
|
|
|
Branch Office 4: |
Post Box No. 632, Door No. XXIV/199-A, |
|
Tel. No.: |
91-484-2667199/ 2666180 |
|
Fax No.: |
91-484-2668260 |
|
E-Mail : |
|
|
|
|
|
Branch Office 5: |
Kuthar Padavu, |
|
Tel. No.: |
91-824-2467376/ 2467047 |
|
Fax No.: |
91-824-2467376 |
|
|
|
|
Branch Office 6 : |
10, Scindia House, 2nd Floor, Connaught Circus, |
|
Tel. No.: |
91-11-23311075/ 23320699 |
|
Fax No.: |
91-11-23325627 |
|
|
|
|
Branch Office 7 : |
Post Box No.117, |
|
Tel. No.: |
91-8172-268045/ 266373/ 267329 |
|
Fax No.: |
91-8172-261883/ 264570 |
|
|
|
|
Branch Office 8 : |
Plot No.51-56, GIDC Estate, Veraval – 362 269, |
|
Tel. No.: |
91-2876-221054/ 221069 |
|
Fax No.: |
91-2876-241002 |
|
|
|
|
Branch Office 9 : |
|
|
Tel. No.: |
91-240-2353452/ 2353440 |
|
Fax No.: |
91-240-234876 |
|
E-Mail : |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Kantilal Chandulal Mehta |
|
Designation : |
Director |
|
Address : |
607, Veena Vihar, 17A, |
|
Date of Birth/Age : |
13.11.1929 |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
11.01.2003 |
|
00705089 |
|
|
|
|
|
Name : |
Mr. Rashid Sohrab Kadimi |
|
Designation : |
Director appointed in casual vacancy |
|
Address : |
4C-14, Versova View, 4, |
|
Date of Birth/Age : |
17.07.1948 |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
09.05.2011 |
|
DIN No.: |
00212790 |
|
|
|
|
Name : |
Mr. Fauzan Mustafa Alavi |
|
Designation : |
Additional Director |
|
Address : |
603, |
|
Date of Birth/Age : |
16.12.1969 |
|
Qualification : |
Graduate and HM |
|
Date of Appointment : |
14.06.2011 |
|
DIN No.: |
03552053 |
|
|
|
|
Name : |
Mr. Shakil Shaikh Ahmed |
|
Designation : |
Additional director |
|
Address : |
Flat No. C-110, 1st Floor, Liberty Camp, Vashi, Navi Mumbai
– 400705, Maharashtra, India |
|
Date of Birth/Age : |
19.08.1969 |
|
Date of Appointment : |
01.09.2012 |
|
DIN No.: |
01205080 |
|
|
|
|
Name : |
Mr. Nagaraja Keshavamurthy Agrahara |
|
Designation : |
Additional director |
|
Address : |
OPG Housing Limited, Flat No.B-1-101, Plot No.1, Sector-2, Sanpada,
Navi Mumbai – 400705, Maharashtra, India |
|
Date of Birth/Age : |
02.01.1959 |
|
Date of Appointment : |
18.10.2012 |
|
DIN No.: |
06401578 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Phoenicia Shipping Company Limited, |
|
159628 |
|
Allana Investments and Trading Company Limited, |
|
31355 |
|
Soeb Nooruddin Bhatri |
|
1 |
|
Anwar Yasin Chauhan |
|
1 |
|
Mulky Krishna Haridas |
|
1 |
|
Rashid Sohrab Kadimi |
|
1 |
|
Iqbal Abdulgani Soorya |
|
1 |
|
Total |
|
190988 |
As on 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Exporter of Agricultural and Processed Food Products. |
||||||||||||||||
|
|
|
||||||||||||||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2010)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production Quantity |
|
Frozen Foodstuffs (Processed by third party) |
Kgs. |
N.A. |
N.A. |
131342 |
|
Other Items |
Kgs. |
N.A. |
N.A. |
10295413 |
GENERAL INFORMATION
|
No. of Employees : |
2000 (Approximately) |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
v
Union Bank of India, Mumbai Samachar Marg
Branch, 66/80, Mumbai Samachar Marg, Mumbai – 400023, Maharashtra, India v
Vijaya Bank, Overseas Branch, Nariman Point,
Mumbai – 400021, Maharashtra, India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rajendra and Company Chartered Accountants |
|
Address : |
1311, |
|
Tel. No.: |
91-22-2285 5770 |
|
Fax No.: |
91-22-2283 4243 |
|
E-Mail : |
|
|
PAN No.: |
AAAFR1878D |
|
|
|
|
Holding Company : |
v Phoenicia Shipping Company Limited CIN No.: U35110MH1976PLC019187 |
|
|
|
|
Subsidiaries : |
v
Allana Pharmachem Limited, India CIN
No.: U65990MH1984PLC032824) v
Allana Mauritius Limited, Mauritius v
IFFCO Egypt (SAS) |
|
|
|
|
Related Parties : |
v Zam Zam Enterprises |
|
|
|
|
Associates : |
v Allana Investment and Trading Company Limited v Indagro Foods Limited v Alagro Trading Limited v Alna Trading and Exports Limited v Allana Cold Storage Limited v Freigerio
Conserva Allana Limited |
CAPITAL STRUCTURE
As on 29.09.2012
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs.100/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed:
|
No. of Shares |
Type |
Value |
Amount |
|
196000 |
Equity Shares |
Rs.100/- each |
Rs.19.600 Millions |
|
|
|
|
|
Paid-up Capital
|
No. of Shares |
Type |
Value |
Amount |
|
190988 |
Equity Shares |
Rs.100/- each |
Rs.19.099 Millions |
|
|
|
|
|
As on 31.03.2012
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs.100/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
196000 |
Equity Shares |
Rs.100/- each |
Rs.19.600 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
19.600 |
19.600 |
19.600 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
2491.685 |
2167.492 |
1776.503 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2511.285 |
2187.092 |
1796.103 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
550.000 |
245.245 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
550.000 |
245.245 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
3.150 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3064.435 |
2432.337 |
1796.103 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
229.234 |
166.240 |
152.300 |
|
|
Capital work-in-progress |
25.979 |
36.595 |
20.682 |
|
|
|
|
|
|
|
|
INVESTMENT |
817.034 |
818.430 |
818.430 |
|
|
DEFERRED TAX ASSETS |
0.000 |
3.274 |
0.890 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
5552.993
|
4722.576
|
3907.063
|
|
|
Sundry Debtors |
5473.734
|
3373.721
|
1958.510
|
|
|
Cash & Bank Balances |
3193.290
|
2215.161
|
1411.253
|
|
|
Other Current Assets |
602.374
|
143.247
|
0.000
|
|
|
Loans & Advances |
381.827
|
295.770
|
234.000
|
|
Total
Current Assets |
15204.218
|
10750.475
|
7510.826
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
12556.985 |
8546.843 |
6401.288 |
|
|
Other Current Liabilities |
175.582
|
666.866
|
294.450
|
|
|
Provisions |
479.463
|
128.968
|
11.287
|
|
Total
Current Liabilities |
13212.030
|
9342.677
|
6707.025
|
|
|
Net Current Assets |
1992.188 |
1407.798
|
803.801
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3064.435 |
2432.337 |
1796.103 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
59402.282 |
47895.790 |
37300.766 |
|
|
|
Other Income |
2.483 |
5.034 |
1.713 |
|
|
|
TOTAL |
59404.765 |
47900.824 |
37302.479 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
1455.629 |
1156.911 |
|
|
|
|
Purchases of stock-in-trade |
52929.657 |
43011.308 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(312.711) |
(625.828) |
|
|
|
|
Employee benefit expense |
129.426 |
106.117 |
|
|
|
|
Other Expenses |
4327.468 |
3622.567 |
|
|
|
|
TOTAL |
58529469 |
47271.075 |
36769.429 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
875.296 |
629.749 |
533.050 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST
FINANCIAL CHARGES |
0.000 |
0.000 |
19.347 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
875.296 |
629.749 |
513.703 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
35.947 |
32.106 |
30.874 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
839.349 |
597.643 |
482.829 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
287.361 |
206.653 |
180.937 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
551.988 |
390.990 |
301.892 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1964.565 |
1573.575 |
1271.683 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
2516.553 |
1964.565 |
1573.575 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
54581.500 |
42417.300
|
33174.200
|
|
|
|
|
|
|
|
|
|
|
CIF VALUE OF
IMPORTS |
85.000 |
1550.900
|
642.900
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2816.27 |
1994.85 |
1540.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.93
|
0.82
|
0.81
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.41
|
1.25
|
1.29
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.44
|
5.47
|
6.30
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33
|
0.27
|
0.27
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
5.48
|
4.38
|
3.73
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.15
|
1.15
|
1.12
|
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
(Rs.
In Millions)
|
Particulars
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
Sundry Creditors |
12556.985 |
8546.843 |
6401.288 |
|
|
|
|
|
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
REVIEW IN OPERATIONS:
During the year the Company achieved a turnover of Rs.59402.200 Millions as compared to Rs.47895.700 Millions in the previous year, showing a growth of 24%. The profit after tax for the current year is Rs.551.900 Millions compared to Rs.390.900 Millions for the previous year.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U51990MH1973PLC016285 |
|
Name of the
company |
ALLANASONS
LIMITED |
|
Address of the registered
office or of the principal place of
business in |
Allana
House, 4, Allana Road, Colaba, Mumbai - 400 001, Maharashtra, India E-mail
Id : ankhan@allana.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Book
debts Movable
property (not being pledge) Floating
charge Others
(Export Bills, Counter Indemnity) |
|
Particular of
charge holder |
Union Bank of India,
Mumbai Samachar Marg Branch, 66/80 Mumbai Samachar Marg, Mumbai – 400023,
Maharashtra, India E-mail Id : dlsutar@unionbankofindia.com
|
|
Nature of
instrument creating charge |
Composite
Hypothecation Deed |
|
Date of
instrument Creating the charge |
19.06.2012 |
|
Amount secured by
the charge |
Rs.2400.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest PCL :BR+0.50% PCFC
6 Months LIBOR+200BPS subject to changes from time to time Terms of
Repayment As per sanction
terms and bank norms Margin PCL 10% FDBP /
FUDBP / AFDBC: NIL, IMPORT / INLAND LC : NIL LG: NIL Extent and
Operation of the charge First charge on
pari passu basis with Vijaya Bank is to secure the following credit
facilities sanctioned by bank to the company: 1. Packing Credit
(LC and / or contract) Rs. 2040.000 Millions.
W/W FDBP / FUDBP
/ AFDBC (under contract / LC) (Rs. 2040.000 Millions) 2. Import /
Inland LC (DP 180 days DA) Rs. 360.000
Millions W/W L.G. (Rs.
360.000 Millions) Total Rs.
2400.000 Millions Others Other terms and
conditions are applicable as per sanction advice no: no.msm: adv: 1635 dt.
14-5-2011, sanction advice no.: MSM: ADV: 93/2012 dt. 15-5-2012 and other
existing sanction advice |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Packing credit
(LC and / or Contract) Rs.2040.000 Millions: hypothecation of stocks meant
for export, duly insured in bank's name FDBP / FUDBP /
AFDBC (Under Contract / LC) (Rs.2040.000 Millions) : Export bills under
contract with full set of documents covering goods meant for export under L/C
or confirmed contract Import / Inland
LC: Rs.360.000 Millions : sight/180 days DA bills covering import / local
purchases of goods for ultimate exports L/G (RS.360.000
Millions) : Counter Indemnity |
Fixed
Assets:
v
v
v Road
v Building (Others)
v Plant and Machinery
v Office Equipments
v Other Office Equipments
v Electrical Installations
v Factory Equipments
v Furniture and Fixtures
v Computers/ Software
v Vehicles
v Trucks
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or investigation
registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.89 |
|
|
1 |
Rs.84.93 |
|
Euro |
1 |
Rs.72.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--MARGINS |
-5~5 |
0 |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
63 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.