MIRA INFORM REPORT
|
Report Date : |
22.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
ASIANLAK HEALTH FOODS LIMITED |
|
|
|
|
Registered
Office : |
V P O Jandiali
Near Kohara, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
03.02.1995 |
|
|
|
|
Com. Reg. No.: |
16-015722 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 14.951
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15499PB1995PLC015722 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JLDA02021F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA5297M |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Fresh Fruit Drinks in Pet bottles, Carbonated Soft Drinks and Bisleri Packaged Drinking Water and Fresh brand fruit pulps, etc. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 417700 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The company has shown a better increase in its sales turnover as well
as net profitability during 2012. The ratings also take into consideration its small scale of operations
with low networth base, working capital intensive nature of operations,
financial risk profile marked by fluctuation profitability margins, leveraged
capital structure and liquidity position. However, trade relations are fair. Business is active. Payment terms
are reported as slow but correct. In view of experienced promoters and long track record of operations,
the company can be considered for business dealings with some cautions. |
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) |
|
|
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
The finance ministry
has started preparations for Budget 2014/15. With general elections scheduled
to be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court
has barred clinical trials for new drugs till a monitoring mechanism is put in
place to protect the lives of people on which the drugs are tested.
Mumbai has been
named the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital Helsinki bagged the top
spot for the world’s most honest city while Lisbon, the capital of Portugal,
proved to be the least honest. The survey put hundreds of people to test
in four continents to find out just how honest they were by dropping wallets
and seeing how many would be returned.
3.7 % Growth of the
core sector in August, a seven month high. This takes the overall growth in
April-August this year to 2.3 % compared with 6.3 % in the corresponding period
next financial year.
$19 million
Estimated average spending by companies across the globe including India, on
social media this year, according to a global study by information technology
major Tata Consultancy Services. This will rise to $ 24 million in 2015.
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the
spending capacity in India. Over 72 % respondents from middle and lower middle
income families would be forced to slash their Diwali expenditure by 40 % and
on average spend nearly 25 % of their monthly salary on Diwali, according to a
survey by Assochem.
Analysts believe the
shutdown of the US government would have limited impact in sectors such as IT
or tourism that are dependent on Visa clearances.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities : B+ |
|
Rating Explanation |
High risk of default. |
|
Date |
January 9, 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 : |
V P O Jandiali Near
Kohara, Chandigarh Road, Ludhiana – 141003, Punjab, India |
|
Tel. No.: |
91-161-2843215 |
|
Fax No.: |
91-161-2843651 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Radhe Shyam Poddar |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
509-B, Aggar Nagar, |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
07.07.1942 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
03.02.1995 |
||||||||||||||||||||||||||||||||
|
DIN No.: |
00876226 |
||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Mandira Poddar |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
509-B, Aggar Nagar, |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.05.1966 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.03.2008 |
||||||||||||||||||||||||||||||||
|
DIN No.: |
02114374 |
||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Pragya Poddar |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
509-B, Aggar Nagar, Ludhiana - 141001, Punjab, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.07.1971 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
15.12.1995 |
||||||||||||||||||||||||||||||||
|
DIN No.: |
02381561 |
||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Gopal Poddar |
|
17200 |
|
Neerj Poddar |
|
15400 |
|
Pragaya Poddar |
|
400 |
|
Mandira Poddar |
|
15100 |
|
Nirmal Poddar |
|
96400 |
|
Radhe Sham Poddar |
|
3350 |
|
Hari Sarup Aggarwal |
|
100 |
|
Al:Share Brokers Private Limited, India |
|
20000 |
|
Radhe Sham Poddar (HUF) |
|
19370 |
|
Navrang Agencies Limited, India |
|
417500 |
|
Navrang Investment, India |
|
4600 |
|
Asianlak Properties Limited, India |
|
424200 |
|
Super Finvest Services Private Limited, India |
|
90000 |
|
Sunita Goyal |
|
51250 |
|
Parood Goyal |
|
18750 |
|
L.D. Finvest Private Limited, India |
|
37500 |
|
Roopika Exports Private Limited, India |
|
15000 |
|
City Commodities and Trading, India |
|
17500 |
|
Swen Television Limited, India |
|
25000 |
|
B. T. Technologies Limited, India |
|
25000 |
|
Gaurav Kirpal |
|
35000 |
|
Amit Kirpal |
|
45000 |
|
Big Bull Commodities Private Limited, India |
|
45500 |
|
Best Trade Commodities Private Limited, India |
|
36000 |
|
Spearhead Publishers Private Limited, India |
|
20000 |
|
|
|
|
|
Total |
|
1495120 |
AS ON 29.09.2012
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
78.77 |
|
Directors
or relatives of directors |
11.20 |
|
Other
top fifty shareholders |
10.03 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Fresh Fruit Drinks in Pet bottles, Carbonated Soft Drinks and Bisleri Packaged Drinking Water and Fresh brand fruit pulps, etc. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
Punjab National Bank, SME, Cheema Chowk, Ludhiana -
141001, Punjab, India |
|||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Pawan Singh and Associates Chartered Accountants |
|
Address : |
Office No. 5, 2nd Floor, Guru Har Rai Complex, Opposite Manju Cinema,
Ludhiana –
141003, Punjab, India |
|
Tel. No.: |
91-161-2544029 |
|
Mobile No.: |
91-9417074075 |
|
Income-tax
PAN of auditor or auditor's firm : |
AFIPS3858R |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,495,120 |
Equity Shares |
Rs. 10/- each |
Rs. 14.951
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 |
|
14.951 |
14.951 |
|
(b) Reserves & Surplus |
|
59.448 |
53.791 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
30.032 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
104.431 |
68.742 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
135.904 |
152.318 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
135.904 |
152.318 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
48.050 |
36.797 |
|
(b)
Trade payables |
|
6.671 |
14.860 |
|
(c)
Other current liabilities |
|
1.691 |
0.363 |
|
(d)
Short-term provisions |
|
3.412 |
1.891 |
|
Total
Current Liabilities (4) |
|
59.824 |
53.911 |
|
|
|
|
|
|
TOTAL |
|
300.159 |
274.971 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
174.156 |
118.346 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
13.841 |
82.347 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
1.113 |
0.113 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
189.110 |
200.806 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.008 |
0.008 |
|
(b)
Inventories |
|
56.740 |
41.306 |
|
(c)
Trade receivables |
|
38.336 |
22.161 |
|
(d)
Cash and cash equivalents |
|
1.658 |
1.640 |
|
(e)
Short-term loans and advances |
|
3.925 |
3.627 |
|
(f)
Other current assets |
|
10.382 |
5.423 |
|
Total
Current Assets |
|
111.049 |
74.165 |
|
|
|
|
|
|
TOTAL |
|
300.159 |
274.971 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
14.415 |
|
|
2] Share Application Money |
|
|
5.362 |
|
|
3] Reserves & Surplus |
|
|
47.433 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
67.210 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
66.838 |
|
|
2] Unsecured Loans |
|
|
44.089 |
|
|
TOTAL BORROWING |
|
|
110.927 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
178.137 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
118.860 |
|
|
Capital work-in-progress |
|
|
4.903 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.008 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
29.108 |
|
|
Sundry Debtors |
|
|
20.849 |
|
|
Cash & Bank Balances |
|
|
4.325 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
7.736 |
|
Total
Current Assets |
|
|
62.018 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
4.900 |
|
|
Other Current Liabilities |
|
|
2.752 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
7.652 |
|
|
Net Current Assets |
|
|
54.366 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
178.137 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
337.232 |
236.573 |
190.396 |
|
|
|
Other Income |
0.114 |
0.080 |
0.268 |
|
|
|
TOTAL (A) |
337.346 |
236.653 |
190.664 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
240.333 |
163.954 |
|
|
|
|
Excise Duty paid |
22.245 |
19.699 |
|
|
|
|
Changes in inventories of finished goods, work in progress and stock
in trade |
(1.712) |
(1.184) |
|
|
|
|
Employee benefit expenses |
3.271 |
2.723 |
|
|
|
|
Other Expenses |
26.737 |
26.926 |
|
|
|
|
Royalty |
4.822 |
3.384 |
|
|
|
|
TOTAL (B) |
295.696 |
215.502 |
163.977 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
41.650 |
21.151 |
26.687 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
23.513 |
10.411 |
9.565 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
18.137 |
10.740 |
17.122 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
11.238 |
8.852 |
7.535 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
6.899 |
1.888 |
9.587 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.242 |
0.355 |
1.438 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
5.657 |
1.533 |
8.149 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
27.863 |
26.330 |
18.181 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
33.520 |
27.863 |
26.330 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.78 |
1.03 |
5.65 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.68
|
0.65 |
5.03 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.05
|
0.80 |
5.04 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.41
|
0.98 |
5.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07
|
0.03 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.76
|
2.75 |
1.65 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.86
|
1.38 |
8.10 |
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 |
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 |
-- |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10264636 |
16/12/2010 |
17,000,000.00 |
PUNJAB NATIONAL
BANK |
SSI BRANCH, CHEEMA
CHOWK, LUDHIANA - 141006, PUNJAB, INDIA |
B04967519 |
|
2 |
10264641 |
16/12/2010 |
65,000,000.00 |
PUNJAB NATIONAL
BANK |
SSI BRANCH,
CHEEMA CHOWK, LUDHIANA - 141006, PUNJAB, INDIA |
B04966487 |
|
3 |
10218490 |
29/05/2013 * |
272,422,000.00 |
PUNJAB NATIONAL
BANK |
SME, CHEEMA
CHOWK, LUDHIANA - 141001, PUNJAB, INDIA |
B78094380 |
|
4 |
10166220 |
21/05/2009 |
1,060,000.00 |
PUNJAB NATIONAL
BANK |
SSI BRANCH,
CHEEMA CHOWK, LUDHIANA - 141006, PUNJAB, INDIA |
A65516213 |
|
5 |
10158004 |
27/03/2009 |
1,900,000.00 |
PUNJAB NATIONAL
BANK |
SSI BRANCH,
CHEEMA CHOWK, LUDHIANA - 141006, PUNJAB, INDIA |
A62388111 |
|
6 |
10158005 |
27/03/2009 |
9,600,000.00 |
PUNJAB NATIONAL
BANK |
SSI BRANCH,
CHEEMA CHOWK, LUDHIANA - 141006, PUNJAB, INDIA |
A62423033 |
|
7 |
10098167 |
28/03/2008 |
25,500,000.00 |
PUNJAB NATIONAL
BANK |
SSI BRANCH,
CHEEMA CHOWK, LUDHIANA - 141006, PUNJAB, INDIA |
A35953298 |
|
8 |
10058826 |
06/02/2009 * |
44,400,000.00 |
PUNJAB NATIONAL
BANK |
SSI BRANCH, CHEEMA
CHOWK, LUDHIANA - 141006, PUNJAB, INDIA |
A59212852 |
|
9 |
10034575 |
09/01/2007 |
9,000,000.00 |
PUNJAB NATIONAQL
BANK |
SSI BRANCH,
CHEEMA CHOWK, LUDHIANA - 141006, PUNJAB, INDIA |
A09773482 |
|
10 |
90183268 |
22/06/2004 |
4,500,000.00 |
PUNJAB NATIONAL
BANK |
SSI BRANCH,
CHEEMA CHOWK, LUDHIANA - 141006, PUNJAB, INDIA |
- |
|
11 |
90183152 |
20/10/2003 |
2,000,000.00 |
PUNJAB NATIONAL
BANK |
SSI BRANCH,
CHEEMA CHOWK, LUDHIANA - 141006, PUNJAB, INDIA |
- |
|
12 |
90183109 |
23/06/2003 |
6,000,000.00 |
PUNJAB NATIONAL
BANK |
SSI BRANCH,
CHEEMA CHOWK, LUDHIANA - 141006, PUNJAB, INDIA |
- |
|
13 |
90182314 |
27/09/2011 * |
62,000,000.00 |
PUNJAB NATIONAL
BANK |
SSI BRANCH,
CHEEMA CHOWK, LUDHIANA - 141006, PUNJAB, INDIA |
B25465469 |
|
14 |
90179741 |
27/03/1996 |
1,500,000.00 |
PUNJAB NATIONAL
BANK |
SSI BRANCH,
CHEEMA CHOWK, LUDHIANA - 141006, PUNJAB, INDIA |
- |
|
15 |
90181842 |
07/07/2009 * |
7,500,000.00 |
PUNJAB NATIONAL
BANK |
SSI BRANCH,
CHEEMA CHOWK, LUDHIANA - 141006, PUNJAB, INDIA |
A68613645 |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Security and Other Loans |
38.422 |
44.131 |
|
|
|
|
|
Total |
38.422 |
44.131 |
PERFORMANCE REVIEW AND FUTURE PLANNING
During the period
under consideration their company continued its good working and despite tough
competition and bad economic conditions the company manage to register total
turnover of Rs. 337.345 Millions as compared to Rs. 236.653 Millions in the
previous year. Further the company earned a profit after tax of Rs.5.657
Millions as compared to Rs. 1.532 Millions in the previous year.
FIXED ASSETS:
· Land
· Building
· Pallets
· Plant and Machinery
· Mould
· Delivery Vehicles
· Computer
· Furniture and Fixture
· Office and Electric Equipments
· Lab Equipments
· Electric Fittings
·
Vehicles
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. 61.49 |
|
|
1 |
Rs. 99.41 |
|
Euro |
1 |
Rs. 84.12 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.