1. Summary Information
|
|
|
Country |
|
|
Company Name |
AROMA ORGANICS LIMITED |
Principal Name 1 |
Mr. Suneel Kumar Jain |
|
Status |
Moderate |
Principal Name 2 |
Ms. Punam Jain |
|
|
|
Registration # |
-- |
|
Street Address |
4598/ 12 – B, 2nd
Floor, Gola Cottage, Ansari Road, Darya Ganj, Delhi – 110 002, Delhi |
||
|
Established Date |
24.03.1987 |
SIC Code |
-- |
|
Telephone# |
91-11-23260010 |
Business Style 1 |
Trader and Importer of Chemicals (Industrial Chemicals). |
|
Fax # |
91-11-23272878 |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
-- |
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.11,500,000 |
Product Name 3 |
-- |
|
Shareholders |
Punam Jain - 595005 |
Banking |
Canara Bank |
|
Public Limited Corp. |
-- |
Business Period |
26 years |
|
IPO |
--- |
International Ins. |
- |
|
Public |
--- |
Rating |
B
(34) |
|
Related
Company |
|||
|
Relation
-- |
Country
-- |
Company
Name |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
137,838,000 |
Current Liabilities |
119,694,000 |
|
Inventories |
54,058,000 |
Long-term Liabilities |
47,181,000
|
|
Fixed Assets |
18,374,000 |
Other Liabilities |
3,234,000 |
|
Deferred Assets |
-- |
Total Liabilities |
170,109,000 |
|
Invest& other Assets |
16,535,000 |
Retained Earnings |
45,196,000 |
|
|
|
Net Worth |
56.696,000 |
|
Total Assets |
226,805,000 |
Total Liab. & Equity |
226,805,000 |
|
Total Assets (Previous Year) |
227,596,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
851,947,000 |
Net Profit |
13,599,000 |
|
Sales(Previous yr) |
648,652,000 |
Net Profit(Prev.yr) |
14,571,000 |
|
Report Date : |
12.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
AROMA ORGANICS LIMITED |
|
|
|
|
Registered
Office : |
4598/ 12 – B, 2nd Floor, Gola Cottage, Ansari Road, Darya
Ganj, Delhi – 110 002, Delhi |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
24.03.1987 |
|
|
|
|
Com. Reg. No.: |
11-27388 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.11.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1987PLC027388 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Importer of Chemicals (Industrial Chemicals). |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 226784 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track. The latest financials
of the company are not available. However trade relations are reported as
fair. Business is active. Payments are reported to be unknown in absence of
latest financials. The company can be considered for small to mediocre business dealings
with some caution. |
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 |
CARE |
|
Rating |
A4 (Short Term Bank Loan) |
|
Rating Explanation |
Minimal Degree of safety and very high credit risk |
|
|
|
|
Rating |
BB (Long Term Bank Facilities) |
|
Rating Explanation |
Moderate Risk of Default |
|
Date |
14.06.2012 |
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 : |
4598/ 12 – B, 2nd Floor, Gola Cottage, |
|
Tel. No.: |
91-11-23260010 |
|
Mobile No.: |
91-9810069964 (Mr. Mohit Jain) |
|
Fax No.: |
91-11-23272878 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1000 sq ft |
|
Location : |
Rented |
|
|
|
|
Head/ Corporate Office : |
22/ B, Bhaktakavi Shivji Devshi Marg, 106-110, Krishna Bhavan Annexe,
Deonar, Mumbai – 400 088, |
|
Tel. No.: |
91-22-67988859/ 60 |
|
Fax No.: |
91-22-25564200 |
|
|
|
|
Branch Office : |
Plot No. 330, Ward 1/A, Adipur, Kutch - 370 205, India |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Suneel Kumar Jain |
|
Designation : |
Director |
|
Address : |
1st Floor, Krishna Bavan, |
|
Date of Birth/Age : |
06.02.1953 |
|
Qualification : |
B.Sc. Chemistry |
|
Date of Appointment : |
03.07.1990 |
|
DIN No.: |
01080801 |
|
|
|
|
Name : |
Ms. Punam Jain |
|
Designation : |
Director |
|
Address : |
1st Floor, Krishna Bavan, |
|
Date of Birth/Age : |
31.05.1958 |
|
Qualification : |
MA |
|
Date of Appointment : |
18.07.2001 |
|
DIN No.: |
01080267 |
|
|
|
|
Name : |
Mr. Mohit Jain |
|
Designation : |
Director |
|
Address : |
4598/ 12 – B, 2nd Floor, Gola Cottage, |
|
Date of Birth/Age : |
15.07.1970 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
20.10.1999 |
|
DIN No.: |
01154205 |
|
|
|
|
Name : |
Ms. Bimal Prakash Jain |
|
Designation : |
Director |
|
Address : |
7 Dreamland CHS LTD, Sion Trombay Road, Chembur, Mumbai – 400074,
Maharashtra, India |
|
Date of Birth/Age : |
01.09.1933 |
|
Date of Appointment : |
24.03.1987 |
|
Date of Ceasing: |
21.10.1999 |
|
|
|
|
Name : |
Mr. Samir Bimal Jain |
|
Designation : |
Director |
|
Address : |
8-2-608-M-6 Road No.1, Banjara Hills, Hyderabad, AndhraPradesh, India |
|
Date of Birth/Age : |
09.07.1965 |
|
Date of Appointment : |
24.03.1987 |
|
Date of Ceasing: |
15.07.1996 |
|
|
|
|
Name : |
Mr.Nirmal Bimal Jain |
|
Designation : |
Director |
|
Address : |
7 Dreamland CHS LTD, Sion Trombay Road, Chembur, Mumbai – 400074,
Maharashtra, India |
|
Date of Birth/Age : |
14.11.1940 |
|
Date of Appointment : |
09.07.1990 |
|
Date of Ceasing: |
15.07.1996 |
|
|
|
|
Name : |
Ms. Rekha Pankaj Jain |
|
Designation : |
Director |
|
Address : |
10C Court Lane Civil Lines Delhi , India |
|
Date of Birth/Age : |
01.02.1962 |
|
Date of Appointment : |
18.12.1992 |
|
Date of Ceasing: |
15.07.1996 |
|
|
|
|
Name : |
Ms. Renu Neeraj Jain |
|
Designation : |
Director |
|
Address : |
219, Dayanand Vihar, Vikash Marg Extn, Delhi, India |
|
Date of Birth/Age : |
11.06.1963 |
|
Date of Appointment : |
18.1.1992 |
|
Date of Ceasing: |
15.07.1996 |
|
|
|
|
Name : |
Mr. Ellis Deepak Salvi |
|
Designation : |
Director |
|
Address : |
504, Ratna Sagar CHS Sector – 29, Vashi, Navi Mumbai, India |
|
Date of Birth/Age : |
18.04.1958 |
|
Date of Appointment : |
20.10.1999 |
|
Date of Ceasing: |
19.07.2001 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Suneel Kumar Jain |
|
402980 |
|
Punam Jain |
|
595005 |
|
Suneel Kumar Jain HUF |
|
25000 |
|
Rashi Suneel Kumar Jain |
|
65000 |
|
Ruchi Suneel Kumar Jain |
|
47015 |
|
Mohit Jain |
|
10000 |
|
Prakashchand Jain |
|
5000 |
|
Total
|
|
1150000 |
AS ON 30.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Chemicals (Industrial Chemicals). |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Canara
Bank, Carnac Bunder Branch, P. D. MELLO Road, Mumbai – 400 001, Maharashtra,
India ·
Indian Renewable Energy Development Agency
Limited, Core 4a East Court 1st Floor, India Habitat Centre Lodi
Road, New Delhi - 110003, Delhi, India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jitendra Jotsinghani and Company Chartered Accountants |
|
Address : |
46/2251 Suprabhat Chs Gandhi Nagar, Bandra East Mumbai 400051
Maharashtra, India |
|
Tel No.: |
91-22-26411137 |
|
Fax No.: |
91-22-26412710 |
|
|
|
|
|
|
|
Associates/Subsidiaries : |
NA |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1125000 |
Ordinary Equity Shares |
Rs.10/- |
Rs.11.250 Millions |
|
375000 |
Differential Equity Shares |
Rs.10/- |
Rs.3.750 Millions |
|
|
|
|
|
WHERE EACH
DIFFERENTIAL EQUITY SHARE IS RANKING PARI
PASSU WITH AN ORDINARY
EQUITY SHARE EXCEPT FOR VOTING RIGHTS
WHEREBY 1 (ONE) DIFFERENTIAL
EQUITY SHARES CARRIES 1/100th VOTING RIGHT OF AN ORDINARY EQUITY SHARES
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
862500 |
Ordinary Equity Shares |
Rs.10/- |
Rs.8.625 Millions |
|
2875000 |
Differential Equity Shares |
Rs.10/- |
Rs.2.875 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
11.500 |
11.500 |
11.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
45.196 |
31.336 |
17.746 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
56.696 |
42.836 |
29.246 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
11.765 |
21.975 |
18.725 |
|
|
2] Unsecured Loans |
35.416 |
30.604 |
35.551 |
|
|
TOTAL BORROWING |
47.181 |
52.579 |
54.276 |
|
|
DEFERRED TAX LIABILITIES |
3.234 |
3.778 |
4.419 |
|
|
|
|
|
|
|
|
TOTAL |
107.111 |
99.193 |
87.941 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
18.374 |
16.324 |
18.584 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
16.535 |
14.160 |
14.160 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
54.058
|
78.802
|
23.838
|
|
|
Sundry Debtors |
127.930
|
107.894
|
83.658
|
|
|
Cash & Bank Balances |
0.893
|
0.150
|
1.790
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
9.015
|
10.266
|
5.647
|
|
Total
Current Assets |
191.896
|
197.112 |
114.933
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
112.819
|
120.701
|
58.193
|
|
|
Other Current Liabilities |
0.000
|
0.000
|
0.000
|
|
|
Provisions |
6.875
|
7.702
|
1.543
|
|
Total
Current Liabilities |
119.694
|
128.403 |
59.736
|
|
|
Net Current Assets |
72.202
|
68.709 |
55.197
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
107.111 |
99.193 |
87.941 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sale – Chemicals |
849.160 |
645.855 |
509.107 |
|
|
|
Sale – Energy |
2.767 |
2.796 |
2.486 |
|
|
|
Profit on Sale Assets |
0.020 |
0.001 |
0.000 |
|
|
|
Other Income |
0.098 |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
852.045 |
648.652 |
511.593 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Sales |
798.663 |
590.065 |
486.514 |
|
|
|
Office and Administrative Expenses |
16.746 |
20.406 |
9.034 |
|
|
|
Selling and Distribution Expenses |
5.637 |
5.021 |
4.603 |
|
|
|
Loss on Sale of Assets |
0.176 |
0.000 |
0.039 |
|
|
|
TOTAL (B) |
821.222 |
615.492 |
500.190 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
30.823 |
33.160 |
11.403 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.815 |
9.135 |
5.891 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
22.008 |
24.025 |
5.512 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.077 |
2.391 |
2.753 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
19.931 |
21.634 |
2.759 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
6.332 |
7.063 |
0.537 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
13.599 |
14.571 |
2.222 |
|
|
|
|
|
|
|
|
|
Add |
EXCESS/(SHORT)
PROVISION OF PREVIOUS YEARS PRIOR PERIOD DEPRECIATION/TAXATION INCOME TAX |
0.260 |
(0.980) |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
29.836 |
16.245 |
14.023 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
43.696 |
16.246 |
16.245 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.59
|
2.25 |
0.43 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.34
|
3.33 |
0.54 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.48
|
10.13 |
2.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35
|
0.50 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Debt/Networth) |
|
0.83
|
1.23 |
1.86 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.60
|
1.53 |
1.92 |
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 |
No |
|
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 |
No |
|
16] |
Details of sister
concerns |
No |
|
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 |
No |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
NOTE:
The situation of the registered office of the company was
changed from 10, Court Lane, Civil Lines,
CONTINGENT
LIABILITIES
|
PARTICULARS
|
RS. IN MILLIONS 31.03.2011 |
|
FLCs Opened and Outstanding With Banks In
Us Dollars |
2.560 |
|
In Indian Rs. (At Year End Rates) |
114.170 |
|
Bank Guarantees Outstanding |
1.645 |
|
Bills/Cheques Discounted With Banks |
0.000 |
|
Margin Money Against Fdrs |
20.721 |
SALES,
PROFITABILITY AND OUTLOOK
The Company has achieved
higher sales by Rs. 203.400 Millions representing an increase of 31% over the
previous year. However due to pressure on margins the operating profit (PBDT)
was lower by Rs.2.000 Millions. The net profit after tax was lower by Rs.97.100
Millions.
In an environment of
turmoil and volatility during the year in the oil and petrochemical prices, the
Company has been able to maintain its profitability by targeting higher
turnover and sourcing the materials from cheaper and new international
manufacturers in East-Asian countries.
For the current year the
sales outlook continues to be positive, though your Directors are conservative
on the profitability side due to effect of large foreign exchange fluctuations
and continued volatility of. prices compounded with the stress on financial
markets due to rise in interest rates of funds from the local banks.
CAPITAL
AND FINANCE
i. Capital
The reserves of the Company
has increased from Rs.31.336 Millions to Rs.45.196 Millions due to incremental
profits and the total shareholders funds has gone up to Rs. 55.700 Millions.
The working capital has
also improved from Rs.722.03 lakhs (last year : Rs.687.11 lakhs) where the
investments in bank fixed deposits has increased by Rs.23.75 lakhs required to
meet the higher margin requirements for Bank FLCs. The Company continues to
avail bank finance for its fund-based and non-fund based requirements same as
was available last year.
WIND
MILL DIVISION
The sale of energy through
Wind Mill power generation stood at Rs. 2.767 Millions (Previous year :
Rs.2.797 Millions). There was an one time income by way of compensation from
the Wind Mill Supplier of Rs.5.23 lakhs last year, A total of 10.21 lakh units
of energy was generated during the year (Previous year : 10.27 lakhs units).
On the expense side the
total expenditure was lower at Rs.28.51 lakhs including depreciation as
compared to Rs. 4.342 Millions last year.
Net book loss from Wind
Mill Div. stood at Rs.0.084 Millions as compared to loss of Rs.1.023 Millions
last year.
The repayment of the Term
loan from IRJEDA is continuing as per schedule.
PROPOSED
ACTIVITIES
The company's proposed
activity of setting up a small engineering unit at its MIDC site at Navi Mumbai,
is currently in progress though at a slower pace. The construction work has
already commenced during the year and is progressing satisfactorily. The
Company is also in the process of obtaining clearances for setting up of the
unit at the MIDC factory.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U74899DL1987PLC027388 |
|
Name of the
company |
AROMA ORGANICS
LTD |
|
Address of the
registered office or of the principal place of business in |
4598/12-B, 2nd
Floor, Gola Cottage, Ansari Road, Darya Ganj, Delhi
– 110002, India |
|
This form is for |
Creation
of charge |
|
Type of charge |
Immovable
property |
|
Particular of
charge holder |
CANARA BANK |
|
Nature of instrument
creating charge |
LEDTD dated
04-03-2010 |
|
Date of
instrument Creating the charge |
04/03/2010 |
|
Amount secured by
the charge |
Rs.120.500
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest As stipulated by
the from time to time. Terms of
Repayment As stipulated by
the from time to time. Margin As stipulated by
the from time to time. Extent and
Operation of the charge The bank shall have
first charge on the assets secured. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
EMT of Landed at
Plot No C-343, TTC Pawane TTC
Industrial area , MIDC, off Thane - Belapur , Navi Mumbai, Dist - Thane. adms
1000 sq,mts. other properties are not belonging to Company. |
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 records 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.81.09 |
|
Euro |
1 |
Rs.70.61 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
34 |
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.