MIRA INFORM REPORT
|
Report Date : |
11.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
ABAD FISHRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
13/681, ABAD Buildings, Kochangadi Road, Mattancherry, P.O.Box-313,
Ernakulam, Kochi-682002, Kerala |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
19.04.2006 |
|
|
|
|
Com. Reg. No.: |
09-019362 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 20.600 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U05001KL2006PTC019362 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHNA01846F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCA6821M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Exporter
and Importer of Food Products Chicken, Meat, Seafood |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 810000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
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 – 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
November 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 : |
13/681, ABAD Buildings, Kochangadi Road, Mattancherry, P.O.Box-313,
Ernakulam, Kochi-682002, Kerala, India |
|
Tel. No.: |
91-484-2227178 / 4087000 / 101 / 102 |
|
Fax No.: |
91-484-2222333 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Anwar Hashim |
|
Designation : |
Managing Director |
|
Address : |
40, 1818 K2, 9C, Baypride Tower, Marine Drive, Ernakulam-682031, Kerala, India |
|
Date of Birth/Age : |
03.08.1947 |
|
Date of Appointment : |
19.04.2006 |
|
DIN No.: |
00897817 |
|
PAN No.: |
AAQPH7772L |
|
|
|
|
Name : |
Mr. Ahmed Usman |
|
Designation : |
Director |
|
Address : |
07B, Bay Pride Tower, Marine Drive, Ernakulam-682031, Kerala, India |
|
Date of Birth/Age : |
15.10.1928 |
|
Date of Appointment : |
19.04.2006 |
|
DIN No.: |
01661994 |
|
PAN No.: |
AADPU0484D |
|
|
|
|
Name : |
Mr. Imran Asif |
|
Designation : |
Director |
|
Address : |
37, 1571, A22, 6B, Silver Crest Jawahar Nagar, Kadavanthra, Kochi, Ernakulam-682020, Kerala, India |
|
Date of Birth/Age : |
06.05.1981 |
|
Date of Appointment : |
19.04.2006 |
|
DIN No.: |
01662081 |
|
|
|
|
Name : |
Mr. Zackaria Usman |
|
Designation : |
Director |
|
Address : |
37, 1571, A42, 11B, Silver Creast Jawaharnagar, Kadavanthra, Kochi, Ernakulam-682020, Kerala, India |
|
Date of Birth/Age : |
25.12.1939 |
|
Date of Appointment : |
19.04.2006 |
|
DIN No.: |
01662184 |
|
PAN No.: |
AACPU1535C |
|
|
|
|
Name : |
Mr. Asif Ahamed |
|
Designation : |
Director |
|
Address : |
40, 6187 D2, 3B, Marine Plaza, Opposite CMFRI, Marine Drive, Ernakulam-682018, Kerala, India |
|
Date of Birth/Age : |
01.01.1956 |
|
Date of Appointment : |
19.04.2006 |
|
DIN No.: |
01662260 |
|
PAN No.: |
ABGPA1329P |
|
|
|
|
Name : |
Mr. Javeed Hashim |
|
Designation : |
Director |
|
Address : |
40, 1818, L3, Baypride Tower, Marine Drive, Ernakulam-682031, Kerala, India |
|
Date of Birth/Age : |
23.11.1952 |
|
Date of Appointment : |
19.04.2006 |
|
DIN No.: |
01662314 |
|
PAN No.: |
AAEPH7621Q |
|
|
|
|
Name : |
Mr. Sheraz Anwar |
|
Designation : |
Director |
|
Address : |
40, 1818 K2, 9D, Baypride Tower, Marine Drive, Ernakulam-682031, Kerala, India |
|
Date of Birth/Age : |
08.09.1975 |
|
Date of Appointment : |
19.04.2006 |
|
DIN No.: |
01662332 |
|
PAN No.: |
ACBPA2715P |
|
|
|
|
Name : |
Mr. Faraz Javeed |
|
Designation : |
Director |
|
Address : |
40, 1818 G4, 6C, Baypride Tower, Marine Drive, Ernakulam-682031, Kerala, India |
|
Date of Birth/Age : |
17.07.1978 |
|
Date of Appointment : |
19.04.2006 |
|
DIN No.: |
01662356 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Ahmed Usman |
|
160 |
|
Zackeria Usman |
|
160 |
|
Anwar Hashim |
|
184 |
|
Arif Hashim |
|
184 |
|
Riaz Ahmed |
|
160 |
|
Javeed Hashim |
|
184 |
|
Asif Ahmed |
|
140 |
|
Nasser Zackeria |
|
140 |
|
Nazim Zackeria |
|
140 |
|
Najeeb Zackeria |
|
140 |
|
Sheraz Anwar |
|
140 |
|
Faraz Javeed |
|
80 |
|
Imran Asif |
|
80 |
|
Jibran Asif |
|
20 |
|
Faiz Riaz |
|
20 |
|
Mohammed Usman Nasser |
|
20 |
|
Bilal Javeed |
|
20 |
|
Haleema Hashim |
|
28 |
|
Yasmin Ismail |
|
12 |
|
Neelufer Kassim |
|
12 |
|
Jabeen Riaz |
|
12 |
|
Suman Zia |
|
12 |
|
Kiran Shakeel |
|
12 |
|
Total |
|
2060 |
As on 07.12.2012
|
Names of Allottee |
|
No. of Shares
Allotted |
|
Umair Nazim |
|
20 |
|
Total |
|
20 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Exporter
and Importer of Food Products Chicken, Meat, Seafood |
||||||||
|
|
|
||||||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
Frozen Marine Products |
Kgs Per Day |
113300 |
6691920 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
Union Bank of India, Overseas Branch, Ernakulam, Union Bank Bhawan, M.
G. Road, Cochin-682035, Kerala, India
|
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Kaimal and Company Chartered Accountants |
|
Address : |
8/1365, T D East Road, Cochin-682002, Kerala, India |
|
PAN No.: |
AEMPS1222A |
|
|
|
|
Associates : |
|
CAPITAL STRUCTURE
After 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000 |
Equity Shares |
Rs.10000/- each |
Rs. 30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2080 |
Equity Shares |
Rs.10000/-
each |
Rs. 20.800
Millions |
|
|
|
|
|
As on 31.03.212
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000 |
Equity Shares |
Rs.10000/- each |
Rs. 30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2060 |
Equity Shares |
Rs.10000/-
each |
Rs. 20.600
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 |
|
20.600 |
20.600 |
|
(b) Reserves & Surplus |
|
182.521 |
139.463 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
203.121 |
160.063 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
73.000 |
72.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
1.241 |
1.241 |
|
(d) long-term
provisions |
|
3.437 |
3.789 |
|
Total Non-current
Liabilities (3) |
|
77.678 |
77.030 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
33.364 |
117.489 |
|
(b) Trade payables |
|
22.117 |
11.026 |
|
(c) Other current
liabilities |
|
40.410 |
49.278 |
|
(d) Short-term
provisions |
|
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
|
95.891 |
177.793 |
|
|
|
|
|
|
TOTAL |
|
376.690 |
414.886 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
89.032 |
94.856 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.117 |
0.118 |
|
(c) Deferred tax assets (net) |
|
1.452 |
1.638 |
|
(d) Long-term Loan and Advances |
|
6.952 |
5.176 |
|
(e) Other
Non-current assets |
|
0.163 |
0.130 |
|
Total Non-Current
Assets |
|
97.716 |
101.918 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.456 |
3.144 |
|
(b) Inventories |
|
82.601 |
89.085 |
|
(c) Trade receivables |
|
83.909 |
124.975 |
|
(d) Cash and cash
equivalents |
|
6.427 |
0.813 |
|
(e) Short-term loans
and advances |
|
105.581 |
94.951 |
|
(f) Other current
assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
278.974 |
312.968 |
|
|
|
|
|
|
TOTAL |
|
376.690 |
414.886 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
20.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
115.430 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
135.430 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
59.447 |
|
|
2] Unsecured Loans |
|
|
84.926 |
|
|
TOTAL BORROWING |
|
|
144.373 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
279.803 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
85.061 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.118 |
|
|
DEFERREX TAX ASSETS |
|
|
1.173 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
52.695 |
|
|
Sundry Debtors |
|
|
97.606 |
|
|
Cash & Bank Balances |
|
|
47.937 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
55.713 |
|
Total
Current Assets |
|
|
253.951 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
13.352 |
|
|
Other Current Liabilities |
|
|
41.251 |
|
|
Provisions |
|
|
5.939 |
|
Total
Current Liabilities |
|
|
60.542 |
|
|
Net Current Assets |
|
|
193.409 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.042 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
279.803 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
1382.000 |
979.700 |
796.600 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL (A) |
|
|
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
NA |
NA |
NA |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
88.055 |
58.440 |
91.019 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
9.523 |
8.582 |
8.033 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
78.532 |
49.858 |
82.986 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
12.788 |
12.290 |
11.437 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
65.744 |
37.568 |
71.549 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
22.686 |
13.535 |
24.404 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
43.058 |
24.033 |
47.145 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Marine Products |
1354.262 |
924.169 |
721.232 |
|
|
TOTAL EARNINGS |
1354.262 |
924.169 |
721.232 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
2.041 |
2.089 |
|
|
|
|
Consumables |
2.798 |
1.491 |
6.000 |
|
|
|
Finished Goods |
23.623 |
10.596 |
|
|
|
|
Spare Parts for Plant and Machinery |
1.551 |
1.752 |
|
|
|
|
Plant and Machinery |
0.000 |
7.364 |
2.377 |
|
|
TOTAL IMPORTS |
30.013 |
23.292 |
8.377 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
20901.94 |
11666.50 |
23572.50 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.53
|
9.09 |
21.03 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32
|
0.23 |
0.53 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.52
|
1.18 |
1.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.91
|
1.76 |
4.19 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
REVIEW OF OPERATION
During the year turnover of the company increased to 1382.000 Millions as against 979.700 Millions in previous year.
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Long-term
borrowings |
|
|
|
Loans and advances from directors |
73.000 |
72.000 |
|
Short-term
borrowings |
|
|
|
Loans and advances from directors |
12.098 |
21.703 |
|
Total |
85.098 |
93.703 |
|
|
|
|
CONTINGENT
LIABILITIES AND COMMITMENTS
Rs. In Millions
|
Particular |
31.03.2012 |
31.03.2011 |
|
Bank Guarantees |
Nil |
2.471 |
|
Income Tax Demand- Assessment Year 2007-08 ( Firm) |
3.006 |
3.006 |
|
Estimated amount of contracts remaining to be executed on capital accounts not provided for |
Nil |
70.244 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U05001KL2006PTC019362 |
|
Name of the
company |
ABAD FISHERIES
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
13/681, ABAD Buildings, Kochangadi Road, Mattancherry, P.O.Box-313,
Ernakulam, Kochi-682002, Kerala, India |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10066760 |
|
Type of charge |
|
|
Particular of
charge holder |
Union Bank of India, Overseas Branch, Ernakulam, Union Bank Bhawan, M.
G. Road, Cochin-682035, Kerala, India
|
|
Nature of
instrument creating charge |
1. Hypothecation
(goods) agreement - (sd 20) dated 12-09-2012 |
|
Date of
instrument Creating the charge |
12.09.2012 |
|
Amount secured by
the charge |
Rs.225.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest PC --- BR + 1.25%
= 11.75%, PCFC - 6 Months LIBOR + Spread + charges, FDBP/FUDBP (L/C). BR +
1.00 = 11.50%, FDBP/FUDBP (under contract). BR + 1.50 = 12.00%, FDBD/FUDBD
(LC) - 6 Months LIBOR + (NLC) Terms of Repayment Repayable on
demand Margin Packing credit
25% Import LC 10% LG
15% Extent and Operation of the charge The charge
operates as security for the Packing Credit, FDBP/FUDBP of Rs.205.000 Millions
(Inter changeable to the extent of Rs.30.000 Millions between Packing Credit
and FDBP/FUDBP) and Import LC/LG of Rs.20.000 Millions, aggregating to
Rs.225.000 Millions sanctioned to the company. |
|
Particulars of
the present modification |
PC/PCFC
FDBP/FDBD/ FUDBD/ FUDBP LC/Contract refixed to Rs. 205.000 Millions (Inter
changeable to the extent of Rs.30.000 Millions between PC/PCFC /FDBP/ FDBD/
FUDBD/FUDBP) LG is remain same
Rs. 20.000 Millions. Total Rs. 225.000
Millions. |
FIXED ASSETS
- Land
- Building
- Plant and
Machinery
- Electrical
Fittings
- Furniture and
Fixtures
- Motor
Vehicles
- Motor Cycle
- Computer
- Cycle
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.60.13 |
|
|
1 |
Rs.89.52 |
|
Euro |
1 |
Rs.76.89 |
INFORMATION DETAILS
|
Report Prepared by
: |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.