MIRA
INFORM REPORT
|
Report Date : |
11.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
SHARP CORP LIMITED (w.e.f. 07.09.2010) |
|
|
|
|
Formerly Known As
: |
SHARP CORP PRIVATE LIMITED (w.e.f.
28.07.2010) ORIENT OVERSEAS PRIVATE LIMITED |
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Registered
Office : |
1st Floor, Plot No. 9, Sagar
Centre, Gujrawalan Town, Delhi – 110009 |
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|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2013 |
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|
|
Date of
Incorporation : |
22.08.1988 |
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|
Com. Reg. No.: |
032881 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs. 293.700 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1988PLC032881 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELO00719F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACO0036B |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Trader and Importer of Pulses. |
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|
No. of Employees
: |
40 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2200000 |
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|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Company has performed well. Overall financial position of the company
is sound. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company can be considered for business dealing at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
India’s current account deficit for the fiscal third quarter ended
September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product
from $31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in
exports and moderation in gold imports. Manufacturing activity and new orders
in India showed their strongest growth in a year in February. The news comes as
a relief after data showed Asia’s third largest economy grew by a
slower-than-expected 4.7 % annually in the three months through December. The
HSBC Manufacturing Purchasing Managers’ Index which gauges the business
activity of India’s factories but not its’ utilities, rose to 52.5 in February,
its highest in a year from 51.4 in January. Overall new orders for factory
goods which rose to a one-year high of 54.9 contributed to the surge. China has
emerged as India’s biggest trading partner in the current financial year
replacing the United Arab Emirates and pushing it to the third spot.
India-China trade has reached $49.5 billion with a 8.7 % share in India’s total
trade. The US comes second at $46 billion with 8.1 % share during the first
nine months of the current financial year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs 1,000
denominations, pushing the deadline to January 1, 2015. A day before dates for
the Lok Sabha polls were
announced, the government decided to hike interest rates on fixed deposit
schemes offered by post offices up to 0.2 per cent. The new rates will be
effective April, 1. The Supreme Court will resume hearing on March, 11 Nokia’s
appeal against a ruling over transferring ownership of its local mobile phones
plant which is the subject of a tax dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into
Hindustan Aeronautics Limited’s contracts from
Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The Central Bureau
of Investigation will look into allegations that over $80 million was paid in
kickbacks in a deal signed in 2011. India has asked Boeing Co. to find a
solution for problems with state-owned Air India’s 787 Dreamliners.
The aircraft has experienced a series of malfunctions since its debut in 2011.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities: “BBB-” |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
23.08.2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities: “A3” |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
23.08.2013 |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Anshul |
|
Designation : |
Operation Department |
|
Contact No.: |
91-11-42290700 |
|
Date : |
11.04.2014 |
LOCATIONS
|
Registered Office : |
1st Floor, Plot No. 9, Sagar
Centre, Gujrawalan Town, Delhi – 110009, India |
|
Tel. No. : |
91-11-42290700 |
|
Fax No. : |
91-1142290706 |
|
E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
Locality : |
Commercial |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Jai Prakash Singhal |
|
Designation : |
Managing director |
|
Address : |
83, Sunder Nagar, New Delhi – 110003, India |
|
Date of Birth/Age : |
07.03.1948 |
|
Date of Appointment : |
01.09.2002 |
|
PAN No.: |
AAGPP8743D |
|
DIN No. : |
00070349 |
|
|
|
|
Name : |
Mr. Rajinder Prasad Singhal |
|
Designation : |
Director |
|
Address : |
F-1/18, Model Town-II, New Delhi – 110009, India |
|
Date of Birth/Age : |
10.12.1955 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.09.2002 |
|
DIN No. : |
00171381 |
|
|
|
|
Name : |
Mr. Sanjay Singhal |
|
Designation : |
Director |
|
Address : |
83, Sunder Nagar, New Delhi – 110003, India |
|
Date of Birth/Age : |
01.05.1968 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.09.2002 |
|
PAN No. : |
ABMPS1773M |
|
DIN No. : |
00007902 |
|
|
|
|
Name : |
Mr. Sanjeev Kumar Garg |
|
Designation : |
Director |
|
Address : |
29, Sarita Vihar, Near Yojana Vihar, Delhi – 110092, India |
|
Date of Birth/Age : |
11.02.1969 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
21.05.2012 |
|
PAN No. : |
AAKPG7675B |
|
DIN No. : |
00856878 |
|
|
|
|
Name : |
Mr. Surender Sharma |
|
Designation : |
Director |
|
Address : |
Cottage No.4, B.M.Rohtagi Appartment, Ram Kishore Road, Civil Lines, Delhi – 110054, India |
|
Date of Birth/Age : |
10.07.1944 |
|
Date of Appointment : |
06.05.2013 |
|
DIN No. : |
01566605 |
KEY EXECUTIVES
|
Name : |
Mr. Anshul |
|
Designation : |
Operation Department |
|
|
|
|
Name : |
Neha Gupta |
|
Designation : |
Secretary |
|
Address : |
D4/7, III Stop, Model Town, New Delhi – 110009, India |
|
Date of Birth/Age : |
03.10.1985 |
|
Date of Appointment : |
11.10.2010 |
|
PAN No. : |
AHDPG7808E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Sanjay Singhal |
1497870 |
48.79 |
|
Ambika Singhal |
525 |
0.02 |
|
Jai Prakash Singhal |
67785 |
2.21 |
|
Uma Rani Singhal |
525 |
0.02 |
|
Rajinder Prashad Singhal |
133515 |
4.35 |
|
Veena Singhal |
1085 |
0.04 |
|
Vikash Singhal |
617 |
0.02 |
|
Dove Realtors Private Limited, India |
168000 |
5.47 |
|
Dinesh Kumar |
40000 |
1.30 |
|
Amrit Polyplast Private Limited, India |
1160078 |
37.79 |
|
Total |
3070000 |
100.00 |
Allottee as 22.02.2014
|
Names of Allottee |
No. of Shares |
|
Sanjay Singhal |
133000 |
|
Total |
133000 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
43.25 |
|
Directors or relatives of Directors |
55.45 |
|
Others |
1.30 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Pulses. |
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Products : |
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Imports : |
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Products : |
Pulses |
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Countries : |
· Canada Australia Russia |
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Terms : |
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Selling : |
L/C and Credit |
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Purchasing : |
L/C and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
40 (Approximately) |
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Bankers : |
· State Bank of Mysore, Naya Bazar, Delhi - 110006, India ICICI Bank Limited, Landmarkrace
Cource Circle, Alkapuri,
Baroda - 390015, Gujarat, India State Bank of Hyderabad, Chandni
Chowk, Delhi - 110006, India |
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Facilities : |
NOTE: The cash credit facilities from banks are repayable on
demand and are secured as first charge against the hypothecation of
Inventories, receivables and current assets both present and future. The
fixed assets of the company are partly under collateral security to the
Consortium of Banks for the working capital limits sanctioned to the company.
The borrowings from the bank are additionally secured by the personal
guarantees given by all the directors of the company. |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ram Rattan and Associates Chartered Accountants |
|
Address : |
104, Hans Bhawan,1,Bahdur Shah Zafar Marg, New Delhi, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFR3936L |
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|
|
|
Subsidiary company: |
Narayan Dal Udyog Private Limited CIN No.: U15313DL2007PTC163855 |
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Associate : |
· Sharp Global Limited CIN No.: U24200DL1989PLC038212 Amrit Polyplast Private Limited CIN No.: U74899DL1995PTC067064 Commcorp
International LLP |
CAPITAL STRUCTURE
After 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,000,000 |
Equity Shares |
Rs.100/- each |
Rs. 400.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,203,000 |
Equity Shares |
Rs.100/- each |
Rs. 320.300 Millions |
|
|
|
|
|
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,000,000 |
Equity Shares |
Rs.100/- each |
Rs. 400.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,937,000 |
Equity Shares |
Rs.100/- each |
Rs. 293.700 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
293.700 |
275.400 |
164.775 |
|
(b) Reserves & Surplus |
258.465 |
176.824 |
132.894 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
0.000 |
90.530 |
|
Total
Shareholders’ Funds (1) + (2) |
552.165 |
452.224 |
388.199 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
157.565 |
154.985 |
152.339 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.175 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
157.740 |
154.985 |
152.339 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
157.157 |
55.098 |
0.000 |
|
(b) Trade payables |
3491.020 |
1792.483 |
1170.900 |
|
(c) Other current
liabilities |
30.086 |
325.630 |
5.914 |
|
(d) Short-term provisions |
34.519 |
16.747 |
6.934 |
|
Total Current Liabilities (4) |
3712.782 |
2189.958 |
1183.748 |
|
|
|
|
|
|
TOTAL |
4422.687 |
2797.167 |
1724.286 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
168.416 |
8.019 |
9.121 |
|
(ii) Intangible Assets |
0.229 |
0.114 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible
assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
11.107 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.394 |
0.281 |
0.214 |
|
(d) Long-term Loan and Advances |
59.866 |
3.341 |
0.009 |
|
(e) Other Non-current assets |
0.391 |
0.781 |
1.172 |
|
Total Non-Current Assets |
240.403 |
12.536 |
10.516 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
3339.900 |
1877.214 |
528.189 |
|
(c) Trade receivables |
688.120 |
759.928 |
361.593 |
|
(d) Cash and cash
equivalents |
28.330 |
29.316 |
286.368 |
|
(e) Short-term loans and
advances |
120.214 |
118.027 |
537.620 |
|
(f) Other current assets |
5.720 |
0.146 |
0.000 |
|
Total Current Assets |
4182.284 |
2784.631 |
1713.770 |
|
|
|
|
|
|
TOTAL |
4422.687 |
2797.167 |
1724.286 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
12581.976 |
6128.598 |
3260.868 |
|
|
|
Other Income |
5.661 |
10.899 |
25.810 |
|
|
|
TOTAL (A) |
12587.637 |
6139.497 |
3286.678 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
0.000 |
0.000 |
183.569 |
|
|
|
Purchases of Stock-in-Trade |
13807.137 |
7313.580 |
3168.908 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(1462.686) |
(1349.025) |
(168.691) |
|
|
|
Employees benefits expense |
10.710 |
3.866 |
3.721 |
|
|
|
Other expenses |
79.656 |
51.517 |
28.844 |
|
|
|
Exceptional Items |
0.000 |
(0.036) |
0.000 |
|
|
|
TOTAL (B) |
12434.817 |
6019.902 |
3216.351 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (A-B) (C) |
152.820 |
119.595 |
70.327 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
46.934 |
67.561 |
48.698 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
105.886 |
52.034 |
21.629 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.540 |
1.763 |
1.665 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
104.346 |
50.271 |
19.964 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
34.417 |
16.690 |
7.543 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
69.929 |
33.581 |
12.421 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
182.339 |
264.987 |
78.453 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
24.76 |
13.13 |
6.97 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.56 |
0.55 |
0.38 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.83 |
0.82 |
0.61 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.37 |
1.80 |
1.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.11 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.57 |
0.46 |
0.39 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13 |
1.27 |
1.45 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
164.775 |
275.400 |
293.700 |
|
Reserves & Surplus |
132.894 |
176.824 |
258.465 |
|
Share
Application money pending allotment |
90.530 |
0.000 |
0.000 |
|
Net
worth |
388.199 |
452.224 |
552.165 |
|
|
|
|
|
|
long-term borrowings |
152.339 |
154.985 |
157.565 |
|
Short term borrowings |
0.000 |
55.098 |
157.157 |
|
Total
borrowings |
152.339 |
210.083 |
314.722 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
3260.868 |
6128.598 |
12581.976 |
|
|
|
87.944 |
105.299 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
3260.868 |
6128.598 |
12581.976 |
|
Profit |
12.421 |
33.581 |
69.929 |
|
|
0.38% |
0.55% |
0.56% |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
CURRENT MATURITIES OF
LONG TERM DEBTS: NOT AVAILABLE
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs. In Millions) |
31.03.2012 (Rs. In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Rupee term loans from others |
157.565 |
154.985 |
|
Total |
157.565 |
154.985 |
|
NOTE: The long-term unsecured loans taken from other parties are repayable on demand after 31st March 2014. |
||
COMPANY OVERVIEW
Subject was incorporated on 22-08-1988 under the companies Act, 1956 as Orient Overseas Private Limited. Now the company is known by the present name since 07-09-2010. The Company mainly deals in pulses and other agro products on wholesale basis through a sale network in Mumbai, Delhi, Kolkata and Kanpur to various millers, retailers, food Industries etc. throughout India. During the year the company has made investments in projects at Dewas, MP for the expansion of its business activities.
FINANCIAL PERFORMANCE
During the year, the Company recorded net total sales of Rs.12582.000 Millions as against Rs.6128.600 Millions in the previous year, and net profit of Rs. 104.300 Millions for the year ending 31st March, 2013 as against Rs.50.200 Millions for the previous year. The directors are hopeful it will go up further more in current year.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U74899DL1988PLC032881 |
|
Name of the
company |
SHARP CORP LIMITED |
|
Address of the
registered office or of the principal place of business in |
1st Floor, Plot No. 9, Sagar
Centre, Gujrawalan Town, Delhi – 110009, India E-mail: csdesk@sharpglobal.in |
|
This form is for |
Creation of charge |
|
Type of charge |
· Book debts Movable property (not being pledge) Floating charge |
|
Particular of charge
holder |
State Bank of Mysore, Naya Bazar, Delhi - 110006, India |
|
Nature of
description of the instrument creating or modifying the charge |
Agreement for Cash Credit Hypothecation of Goods & agreement for Letter of Credit and/or Guarantee limit dated 28.03.2013 |
|
Date of
instrument Creating the charge |
28.03.2013 |
|
Amount secured by
the charge |
Rs. 2000.000 Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As per Sanction
letter of Bank dated 26.03.2013. Terms of Repayment As per Sanction
letter of Bank dated 26.03.2013. Margin As per Sanction
letter of Bank dated 26.03.2013. Extent and Operation of the charge As per Sanction
letter of Bank dated 26.03.2013. |
|
Short particulars
of the property charged |
All present and
future book debts,outstanding moneys receivables,
claims, bills contracts, securities, investments, rights and assets All
Machinery/Stocks, raw materials and stores whether raw or in process of
manufacture and all articles manufactured at Gowdowns
at Delhi or wherever else, all stcoks of pulses,
other agricultural commodities whether at Delhi or wherever else. |
FIXED ASSETS
v
Tangible
Assets
Land
Buildings
Plant
and Equipment
Vehicles
Office
Equipment
Computer
Equipments
Other
Equipments
v
Intangible Assets
Goodwill
Computer
Software
Recipes,
Formulae, Models, Designs and Prototypes
Commercial
Contractual Rights
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.60.21 |
|
|
1 |
Rs.101.05 |
|
Euro |
1 |
Rs.83.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
45 |
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.