|
Report Date : |
29.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
AMROON FOODS
PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
20/1, Site IV,
Industrial Area, Shahibabad, District |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
07.06.1999 |
|
|
|
|
Com. Reg. No.: |
20-024484 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.117.728
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51109UP1999PTC024484 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
LKNA04221A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA8121H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of meat items like Frozen Meat, Sheep Meat,
Sheep Carcass, Mutton Cubes, Boneless Buffalo Meat etc. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 815000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having moderate track record. Reserves of the
company appear to be low. Borrowings are also huge. However, trade relations
are reported as fair. Business is active. Payments are reported to be slow
but correct. 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
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 |
CRISIL |
|
Rating |
Term Loan: BB |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
March, 2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Bank Guarantee: A4+ |
|
Rating Explanation |
Minimal degree of safety it carry high credit risk. |
|
Date |
March, 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 : |
20/1, Site IV,
Industrial Area, Shahibabad, District Ghaziabad – 201 010, Uttar Pradesh,
India |
|
Tel. No.: |
91-120-2771126/ 27, 2773724 |
|
Fax No.: |
91-120-2771125, 4374545 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
1310/6, 7, 9, 11, Lucknow, Agasan Road, Kursi, Distrct Barabanki,
Uttar Pradesh, India |
|
Tel. No.: |
91-5240-273614/ 17 |
|
Fax No.: |
91-5240-273550 |
|
E-Mail : |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Abdulla Musliam Veettil Kunhamoo |
|
Designation : |
Director |
|
Address : |
Emke Group, P.O. Box 4048, Abu Dhabi 4048, United Arab Emirates |
|
Date of Birth/Age : |
15.07.1937 |
|
Date of Appointment : |
14.07.2004 |
|
DIN No.: |
00364755 |
|
|
|
|
Name : |
Yusuffali Musaliam Veettil Abdul Kader |
|
Designation : |
Managing Director |
|
Address : |
Emke Group, P.O. Box 4048, Abu Dhabi 4048, United Arab Emirates |
|
Date of Birth/Age : |
15.11.1955 |
|
Date of Appointment : |
14.07.2004 |
|
PAN No.: |
AMIPA8751E |
|
DIN No.: |
00364677 |
|
|
|
|
Name : |
Abdul Saleem Valiyakath Ibrahim Kutty |
|
Designation : |
Director |
|
Address : |
Emke Group, P.O. Box 4048, Abu Dhabi 4048, United Arab Emirates |
|
Date of Birth/Age : |
29.06.1961 |
|
Date of Appointment : |
14.07.2004 |
|
DIN No.: |
00364557 |
|
|
|
|
Name : |
Mohamed Rafi Veeravu |
|
Designation : |
Director |
|
Address : |
C-405, 4th Floor, Purvasha Building, Anandlok, Mayur Vihar, Phase-1,
Delhi – 110 091, India |
|
Date of Birth/Age : |
31.05.1958 |
|
Date of Appointment : |
14.07.2004 |
|
DIN No.: |
00364423 |
|
|
|
|
Name : |
Vijaya Kumar Kallelil Pillai |
|
Designation : |
Director |
|
Address : |
Flat No.2, First Floor, 02, Anan, Sector – 19, Nerul, Navi Mumbai –
400 706, Maharashtra, India |
|
Date of Birth/Age : |
30.07.1961 |
|
Date of Appointment : |
14.07.2004 |
|
DIN No.: |
00758632 |
KEY EXECUTIVES
|
Name : |
Aslam Basheer Ahmad |
|
Designation : |
Secretary |
|
Address : |
Bhatwa Dharampur, Ward No.5, Post-Salempur, Deoria – 274 509, Uttar
Pradesh, India |
|
Date of Birth/Age : |
25.12.1988 |
|
Date of Appointment : |
25.04.2013 |
|
PAN No.: |
AXNPA4391A |
|
E-Mail : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Fair Exports (India) Private Limited, India |
|
11772700 |
|
Yusuffali Musaliam Veettil Abdul Kader {Representative of Fair Exports
(India) Private Limited} |
|
100 |
|
Total
|
|
11772800 |
AS ON 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of meat items like Frozen Meat, Sheep Meat,
Sheep Carcass, Mutton Cubes, Boneless Buffalo Meat etc. |
|
|
|
|
Products : |
·
Boneless Buffalo Meat ·
Sheep Carcass and
Mutton Cubes |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Actual
Production (Finished Meat) |
|
Meat (Buffalo) |
Tonnes |
36866.19 |
|
Meat (Sheep) |
Tonnes |
1911.10 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
·
Corporation Bank, Overseas Branch, M-93,
Connaught Place, New Delhi – 110 001, India ·
Canara Bank, Lucknow, Uttar Pradesh, India ·
Corporation Bank, Lucknow, Uttar Pradesh, India ·
The Hongkong and Shanghai Banking Corporation Limited ·
Allahabad Bank,
Delhi, India ·
ICICI Bank
Limited · State Bank of India, Mumbai, Maharashtra, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kashyap Shah and Company Chartered Accountants |
|
Address : |
Flat 6,
Samruddhi, Relief Road, Daulat Nagar, Santacruz (West), Mumbai – 400 054,
Maharashtra, India |
|
PAN No.: |
AACPS5007R |
|
|
|
|
Holding Company : |
Fair Exports (India) Private Limited, India (CIN No.:
U51900MH1991PTC063177) |
CAPITAL STRUCTURE
AS ON 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
15900000 |
Equity Shares |
Rs.10/- each |
Rs.159.000 millions |
|
10000 |
Preference Shares |
Rs.100/- each |
Rs.1.000 million |
|
|
Total
|
|
Rs.160.000
millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
11772800 |
Equity Shares |
Rs.10/- each
|
Rs.117.728
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 |
|
117.728 |
117.728 |
|
(b) Reserves & Surplus |
|
86.131 |
19.694 |
|
(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) |
|
203.859 |
137.422 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
292.789 |
358.150 |
|
(b) Deferred tax liabilities (Net) |
|
39.860 |
7.842 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) Long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
332.649 |
365.992 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
743.457 |
840.124 |
|
(b)
Trade payables |
|
100.747 |
154.501 |
|
(c) Other
current liabilities |
|
32.932 |
48.930 |
|
(d) Short-term
provisions |
|
23.024 |
20.988 |
|
Total Current
Liabilities (4) |
|
900.160 |
1064.543 |
|
|
|
|
|
|
TOTAL |
|
1436.668 |
1567.957 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
487.683 |
410.316 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
2.716 |
1.099 |
|
(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 |
|
0.000 |
0.000 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
490.399 |
411.415 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
324.654 |
415.345 |
|
(c)
Trade receivables |
|
498.884 |
562.136 |
|
(d) Cash
and cash equivalents |
|
58.555 |
104.407 |
|
(e)
Short-term loans and advances |
|
37.803 |
71.847 |
|
(f)
Other current assets |
|
26.373 |
2.807 |
|
Total
Current Assets |
|
946.269 |
1156.542 |
|
|
|
|
|
|
TOTAL |
|
1436.668 |
1567.957 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
67.728 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
5.000 |
|
|
4] (Accumulated Losses) |
|
|
(3.841) |
|
|
NETWORTH |
|
|
68.887 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
655.144 |
|
|
2] Unsecured Loans |
|
|
8.523 |
|
|
TOTAL BORROWING |
|
|
663.667 |
|
|
DEFERRED TAX LIABILITIES |
|
|
4.947 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
737.501 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
192.225 |
|
|
Capital work-in-progress |
|
|
133.602 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
68.924 |
|
|
Sundry Debtors |
|
|
426.012 |
|
|
Cash & Bank Balances |
|
|
21.352 |
|
|
Other Current Assets |
|
|
2.573 |
|
|
Loans & Advances |
|
|
46.769 |
|
Total
Current Assets |
|
|
565.630 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
108.448 |
|
|
Other Current Liabilities |
|
|
27.060 |
|
|
Provisions |
|
|
18.448 |
|
Total
Current Liabilities |
|
|
153.956 |
|
|
Net Current Assets |
|
|
411.674 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
TOTAL |
|
|
737.501 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
NA |
NA |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
130.574 |
64.692 |
39.816 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
23.572 |
35.348 |
19.557 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
107.002 |
29.344 |
20.259 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
40.566 |
10.514 |
6.331 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
66.436 |
18.830 |
13.928 |
|
|
|
|
|
|
|
|
|
|
Adjustment relating to taxation of earlier years |
-- |
(0.295) |
-- |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
9.694 |
(3.841) |
(17.769) |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
5.000 |
5.000 |
-- |
|
|
BALANCE CARRIED
TO THE B/S |
71.130 |
9.694 |
(3.841) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
4156.609 |
4670.299 |
3223.296 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
5.64 |
1.60 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.46
|
1.87 |
2.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.52
|
0.21 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
5.08
|
8.72 |
9.63 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.05
|
1.09 |
3.67 |
LOCAL AGENCY FURTHER INFORMATION
|
Check
List by Info Agents |
Available
in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
No |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
11) Turnover of firm for last three years |
No |
|
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 |
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10235867 |
02/08/2010 |
50,000,000.00 |
CORPORATION BANK
OVERSEAS BRANCH |
M-93, CONNAUGHT
CIRCUS, NEW DELHI, DELHI - 110001, INDIA |
A93341535 |
|
2 |
10133688 |
17/06/2009 * |
1,250,000,000.00 |
CANARA BANK |
B-39, OVERSEAS BRANCH,
CONNAUGHT CIRCUS, NEW DELHI, DELHI - 110001, INDIA |
A67030296 |
|
3 |
10127873 |
10/10/2008 |
40,000,000.00 |
CORPORATION BANK
OVERSEAS BRANCH |
M-93, CONNAUGHT
CIRCUS, NEW DELHI, DELHI - 110001, INDIA |
A49633936 |
|
4 |
10105634 |
22/02/2013 * |
1,019,500,000.00 |
CORPORATION BANK
OVERSEAS BRANCH |
M-93, CONNAUGHT
PLACE, NEW DELHI, DELHI - 110001, INDIA |
B71279814 |
|
5 |
10052369 |
17/06/2009 * |
1,250,000,000.00 |
CANARA BANK |
B-39, OVERSEAS BRANCH,
CONNAUGHT CIRCUS, NEW DELHI, DELHI - 110001, INDIA |
A67031021 |
|
6 |
10043577 |
07/03/2007 |
80,000,000.00 |
CORPORATION BANK
OVERSEAS BRANCH |
M-93, CONNAUGHT
PALACE, NEW DELHI, DELHI - 110001, INDIA |
A13036942 |
|
7 |
80043177 |
22/11/2004 |
170,000,000.00 |
CANARA BANK |
OVERSEAS BRANCH,
NEW DELHI, DELHI - 110001, INDIA |
- |
|
8 |
90275994 |
01/05/2013 * |
1,418,000,000.00 |
CORPORATION BANK
OVERSEAS BRANCH |
M93, CONNAUGHT
PLACE, NEW DELHI, DELHI - 110001, INDIA |
B75931279 |
* Date of charge modification
|
Unsecured Loan |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Intercorporate borrowings |
1.900 |
1.900 |
|
Loans and advances from directors |
6.491 |
6.491 |
|
SHORT-TERM BORROWINGS |
|
|
|
Other loans and advances |
0.602 |
3.682 |
|
Total
|
8.993 |
12.073 |
FINANCIAL RESULTS:
During the year
the Company has made a net profit of Rs.66.436 millions after providing depreciation
of Rs.23.572 millions and provision for taxation of Rs.40.566 millions. After
adding the current year’s profit of Rs.66.436 millions to the brought forward
profit of Rs.9.694 millions, the amount of profit available for appropriation
is Rs.76.131 millions. After transferring Rs.5.000 millions to General Reserve,
the balance profit of Rs.71.131 millions is carried to the Balance Sheet.
OPERATIONS:
The Company continued to have business activities of exports as in the
past.
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
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.61.50 |
|
|
1 |
Rs.99.49 |
|
Euro |
1 |
Rs.84.88 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
31 |
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.