MIRA
INFORM REPORT
|
Report Date : |
19.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
AMIRA PURE FOODS PRIVATE LIMITED (w.e.f. 24.04.2012) |
|
|
|
|
Formerly Known
As : |
AMIRA FOODS PRIVATE LIMITED (w.e.f. 02.04.2012) AMIRA FOODS LIMITED (w.e.f. 25.11.2011) AMIRA FOODS (INDIA) LIMITED (w.e.f. 28.05.2008) AMIRA AGRO SEZ AND INFRASTRUCTURE LIMITED |
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Registered
Office : |
B-I/E-28, Mohan Corporate Industrial Estate, New Delhi – 110044 |
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Country : |
India |
|
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|
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Financials (as
on) : |
31.03.2013 |
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|
Date of
Incorporation : |
20.12.1993 |
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Com. Reg. No.: |
55-056536 |
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Capital
Investment / Paid-up Capital : |
Rs.660.825 Millions |
|
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|
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CIN No.: [Company Identification
No.] |
U74899DL1993PTC056536 |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged primarily in the business of processing and trading
basmati rice, non-basmati and other food products. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 25000000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a part of “Amira Group”. It is a well-established company having a satisfactory track record. Financially company seems to be good. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct and as per commitment. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of 4.9
%, Fitch Rating said. The global rating agency expects the economy to pick up
in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund Based Limits=BBB |
|
Rating Explanation |
Have moderate degree of safety and carry low
credit risk. |
|
Date |
May, 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non Fund Based Limits=A3+ |
|
Rating Explanation |
Have moderate degree of safety and carry
higher credit risk. |
|
Date |
May, 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 DENIED
Management Non Co-operative (91-11-46057560)
LOCATIONS
|
Registered Office : |
B-I/E-28, Mohan Corporate Industrial Estate, New Delhi – 110044, India
|
|
Tel. No.: |
91-11-46057560 |
|
Fax No.: |
91-11-46057570 |
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E-Mail : |
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Website : |
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Factory : |
21, Milestone, Pataudi Road, Gurgaon – 123505, Haryana, India |
|
Tel. No.: |
91-124-2276472-474 |
|
Fax No.: |
91-124-2276482 |
DIRECTORS
AS ON 27.09.2013
|
Name : |
Mr. Karan A Chanana |
|
Designation : |
Director |
|
Address : |
29E, AU Tower, DMCCJLT, Dubai, 127197, United Arab Emirates |
|
Date of Birth/Age : |
18.10.1972 |
|
Date of Appointment : |
09.06.1994 |
|
PAN No.: |
AAEPC6449H |
|
DIN No.: |
00005889 |
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|
|
|
Name : |
Ms. Anita Daing |
|
Designation : |
Director |
|
Date of Birth/Age : |
04.12.1953 |
|
Address : |
R-806, New Rajinder Nagar, New Delhi – 110060, India |
|
Date of Appointment : |
24.09.1996 |
|
PAN No.: |
AAGPD4440F |
|
DIN No.: |
00005916 |
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|
|
|
Name : |
Mr. Anil Gupta |
|
Designation : |
Director |
|
Address : |
B-67, Defence Colony, New Delhi – 110048, India |
|
Date of Birth/Age : |
28.11.1951 |
|
Date of Appointment : |
30.11.2006 |
|
DIN No.: |
00032137 |
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|
|
|
Name : |
Mr. Shyam Poddar |
|
Designation : |
Director |
|
Address : |
M-4, GK-II, New Delhi – 110048, India |
|
Date of Birth/Age : |
18.06.1944 |
|
Date of Appointment : |
01.04.2009 |
|
DIN No.: |
00242119 |
|
|
|
|
Name : |
Mr. Rahul Sood |
|
Designation : |
Director |
|
Address : |
V-3717, DLF, Phase –III, Gurgaon-122002, Haryana, India |
|
Date of Birth/Age : |
13.04.1969 |
|
Date of Appointment : |
01.03.2011 |
|
DIN No.: |
00379895 |
KEY EXECUTIVES
|
Name : |
Mr. Gurpreet Kaur Anand |
|
Designation : |
Secretary |
|
Date of Appointment : |
20.11.2012 |
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PAN No.: |
ANRPA7958P |
MAJOR SHAREHOLDERS
AS ON 27.09.2013
|
Names of Shareholders |
No. of Shares |
|
Anil Chanana |
312500 |
|
Anil Chanana (Beneficial Owner Karam Industries) |
1113134 |
|
Karan A Chanana |
5601772 |
|
Agro Ventures (Mauritius) Limited, Mauritius |
1500000 |
|
Radhika Chanana |
10092 |
|
Amira Infraa Structure Private Limited, India |
1 |
|
Amira Info Technologies Private Limited, India |
1 |
|
Amira Enterprises Limited, India |
4442475 |
|
Amira Nature Foods Limited (Mauritius), Ebene Mauritius |
53102500 |
|
|
|
|
Total |
66082475 |
Equity Share Break up (Percentage of Total Equity)
AS ON 27.09.2013
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
82.63 |
|
Bodies corporate |
6.72 |
|
Directors or relatives of Directors |
10.65 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged primarily in the business of processing and trading
basmati rice, non-basmati and other food products. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
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Bankers : |
·
Canara Bank, Prime Corporate Branch, Connaught
Place, New Delhi – 110001, India ·
ICICI Bank ·
Bank of Baroda ·
Axis Bank ·
HDFC Bank ·
Kotak Mahindra Bank ·
Yes Bank ·
State Bank of Hyderabad |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
R N Marwah and Company Chartered Accountant |
|
Address : |
4/80, Janpath, New Delhi-110001, India |
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PAN No.: |
AAAFR9496F |
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Holding
company : |
Amira Nature Foods Limited, Mauritius |
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Subsidiary company : |
·
Amira Food Pte Limited, Singapore ·
Amira I Grand Foods INC, United
States ·
Amira C Foods International DMCC,
United Arab Emirates |
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|
Fellow Subsidiary company : |
·
Amira Foods (Malaysia) Sdn Bhd,
Malaysia ·
Amira G Foods Limited, United Kingdom |
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Enterprises which are owned, or have
significant influence of or are partners with Key management
personnel and their relatives : |
Amira Enterprises Limited |
CAPITAL STRUCTURE
AS ON 27.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
155000000 |
Equity Shares |
Rs.10/- each |
Rs.1550.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
66082475 |
Equity Shares |
Rs.10/- each |
Rs.660.825 Millions |
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|
|
|
|
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 |
660.825 |
129.800 |
129.800 |
|
(b) Reserves & Surplus |
5698.300 |
1771.000 |
1451.500 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
6359.125 |
1900.800 |
1581.300 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
268.300 |
656.100 |
593.100 |
|
(b) Deferred tax liabilities (Net) |
139.400 |
123.500 |
110.400 |
|
(c) Other long term liabilities |
297.200 |
852.700 |
410.000 |
|
(d) long-term provisions |
15.700 |
14.200 |
8.100 |
|
Total Non-current Liabilities (3) |
720.600 |
1646.500 |
1121.600 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
6883.300 |
5969.100 |
6162.900 |
|
(b) Trade payables |
1220.575 |
1107.800 |
2095.700 |
|
(c) Other current
liabilities |
275.800 |
352.800 |
287.800 |
|
(d) Short-term provisions |
132.700 |
122.100 |
296.100 |
|
Total Current Liabilities (4) |
8512.375 |
7551.800 |
8842.500 |
|
|
|
|
|
|
TOTAL |
15592.100 |
11099.100 |
11545.400 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1092.300 |
1114.700 |
1159.300 |
|
(ii) Intangible Assets |
32.300 |
22.200 |
21.900 |
|
(iii) Capital
work-in-progress |
348.700 |
316.800 |
272.700 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
47.500 |
41.500 |
37.500 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
41.800 |
43.200 |
350.400 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1562.600 |
1538.400 |
1841.800 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
8523.500 |
6143.500 |
6112.600 |
|
(c) Trade receivables |
3178.500 |
2669.100 |
2595.900 |
|
(d) Cash and cash
equivalents |
1931.800 |
343.400 |
591.900 |
|
(e) Short-term loans and
advances |
100.800 |
66.800 |
191.000 |
|
(f) Other current assets |
294.900 |
337.900 |
212.200 |
|
Total Current Assets |
14029.500 |
9560.700 |
9703.600 |
|
|
|
|
|
|
TOTAL |
15592.100 |
11099.100 |
11545.400 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
18425.400 |
14866.500 |
12160.142 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
17719.700 |
14313.500 |
11787.151 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
705.700 |
553.000 |
372.991 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
84.700 |
78.700 |
71.372 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
621.000 |
474.300 |
301.419 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
216.400 |
167.300 |
99.344 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
404.600 |
307.000 |
202.075 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1121.900 |
822.400 |
640.797 |
|
|
|
|
|
|
|
|
|
|
TAX ADJUSTMENTS |
10.300 |
(12.800) |
0.000 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
20.000 |
20.000 |
20.000 |
|
|
BALANCE CARRIED
TO THE B/S |
1496.200 |
1121.900 |
822.371 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
6.12 |
23.65 |
15.57 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.20 |
2.07 |
1.66 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.09 |
4.42 |
2.68 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.25 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.12 |
3.49 |
4.27 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.65 |
1.27 |
1.10 |
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 |
129.800 |
129.800 |
660.825 |
|
Reserves & Surplus |
1451.500 |
1771.000 |
5698.300 |
|
Net
worth |
1581.300 |
1900.800 |
6359.125 |
|
|
|
|
|
|
long-term borrowings |
593.100 |
656.100 |
268.300 |
|
Short term borrowings |
6162.900 |
5969.100 |
6883.300 |
|
Total
borrowings |
6756.000 |
6625.200 |
7151.600 |
|
Debt/Equity
ratio |
4.272 |
3.485 |
1.125 |
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 |
|
Total Income |
12160.142 |
14866.500 |
18425.400 |
|
|
|
22.256 |
23.939 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Total
Income |
12160.142 |
14866.500 |
18425.400 |
|
Profit |
202.075 |
307.000 |
404.600 |
|
|
1.66% |
2.07% |
2.20% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
OPERATIONS:
Sales of the
Company for the year ended March 31, 2013, was Rs.18425.400 Millions (previous year
Rs.14866.500 Millions) increased by 23.94% as compared to previous year.
The Company has
entered into fresh markets in the previous year thereby contributing to
increase in sales.
The Directors of the Company are optimist and envisage further increase
in the sales in the coming year.
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Rupee Term Loans
from banks |
0.000 |
280.000 |
|
|
|
|
|
Short Term Borrowings |
|
|
|
Loans repayable
on demand |
624.200 |
524.100 |
|
|
|
|
|
Total |
624.200 |
804.100 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10443122 |
04/07/2013 |
1,400,000,000.00 |
PUNJAB
NATIONAL BANK |
MINTO
ROAD, K-8, CONNAUGHT CIRCUS, NEW DELHI - 110001, INDIA |
B82185257 |
|
2 |
10414557 |
19/02/2013 |
29,300,000.00 |
STATE
BANK OF INDIA |
OVERSEAS
BRANCH, JAWAHAR VYAPAR BHAWAN, 1, TOLSTO |
B71678502 |
|
3 |
10407305 |
19/02/2013 |
350,000,000.00 |
YES
BANK LIMITED |
9TH
FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR.
ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA |
B69286003 |
|
4 |
10409926 |
19/02/2013 |
670,000,000.00 |
STATE
BANK OF INDIA |
OVERSEAS
BRANCH, JAWAHAR VYAPAR BHAWAN, 1, TOLSTOY MARG, NEW DELHI, DELHI - 110001,
INDIA |
B70076625 |
|
5 |
10402026 |
06/02/2013 |
500,000,000.00 |
BANK
OF INDIA |
NEW
DELHI LARGE CORPORATE BRANCH, PTI BUILDING, 4, PARLIAMENT STREET, NEW DELHI,
DELHI - 110001, INDIA |
B67721514 |
|
6 |
10349857 |
10/03/2012 |
540,000,000.00 |
BANK
OF INDIA |
NEW DELHI
LARGE CORPORATE BRANCH, PTI BUILDING, 4 SANSAD MARG, NEW DELHI, DELHI -
110001, INDIA |
B37645454 |
|
7 |
10331801 |
20/01/2012 |
800,000,000.00 |
ICICI
BANK LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B30569180 |
|
8 |
10338914 |
01/03/2012
* |
600,000,000.00 |
INDIAN
OVERSEAS BANK |
RAJIV
CIRCLE BRANCH, D-28/29, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA |
B35501634 |
|
9 |
10326838 |
01/12/2011 |
150,000,000.00 |
VIJAYA
BANK |
BARAKHAMBA
ROAD BRANCH, GROUND FLOOR, VIJAYA BUILDING, 17-BARAKHAMBA RAOD, NEW DELHI -
110001, INDIA |
B29209244 |
|
10 |
10304713 |
01/03/2012
* |
600,000,000.00 |
INDIAN
OVERSEAS BANK |
RAJIV
CIRCLE BRANCH, D-28/29, CONNAUGHT PLACE, NEW DELHI - 110001, INDIA |
B35500198 |
|
11 |
10265169 |
08/01/2011 |
200,000,000.00 |
YES
BANK LIMITED |
9TH
FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. ANNIE BESANT ROAD, WORLI,
MUMBAI, MAHARASHTRA - 400018, INDIA |
B04565594 |
|
12 |
10248611 |
27/10/2010 |
594,000,000.00 |
CANARA
BANK |
PRIME
CORPORATE BRANCH - II, 2ND FLOOR, WORLD TRA |
A97847974 |
|
13 |
10251118 |
25/10/2010 |
36,600,000.00 |
ICICI
BANK LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
A99097768 |
|
14 |
10251117 |
28/09/2010 |
300,000,000.00 |
ICICI
BANK LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
A99097495 |
|
15 |
10238586 |
04/10/2012
* |
7,780,000,000.00 |
CANARA
BANK |
PRIME
CORPORATE BRANCH-II, WORLD TRADE CENTRE, BARAKHAMBA LANE, NEW DELHI, DELHI -
110001, INDIA |
B61135414 |
|
16 |
10240837 |
15/06/2012
* |
7,780,000,000.00 |
STATE
BANK OF INDIA |
OVERSEAS
BRANCH, JAWAHAR VYAPAR BHAWAN, 1, TOLSTOY MARG, NEW DELHI, DELHI - 110001,
INDIA |
B42803205 |
|
17 |
10236121 |
07/07/2010 |
300,000,000.00 |
BANK
OF BARODA |
CORPORATE
FINANCIAL SERVICES (LARGE CORPORATE) BR., PARLIAMENT STREET, NEW DELHI, DELHI
- 110001, INDIA |
A93192904 |
|
18 |
10197324 |
28/12/2009 |
1,040,000,000.00 |
BANK
OF BARODA |
CORPORATE
FINANCIAL SERVICES BRANCH, PARLIAMENT STREET, NEW DELHI, DELHI - 110001,
INDIA |
A77299246 |
|
19 |
10122503 |
08/08/2008 |
400,000,000.00 |
CANARA
BANK |
OVERSEAS
MAIN BRANCH, B-39, CONNAUGHT CIRCUS, NEW DELHI, DELHI - 110001, INDIA |
A45226438 |
|
20 |
10025934 |
11/05/2013
* |
930,000,000.00 |
CANARA
BANK |
PRIME
CORPORATE BRANCH,, CONNAUGHT PLACE,, NEW DELHI, DELHI - 110001, INDIA |
B76741495 |
|
21 |
90062278 |
11/07/2001 |
60,000,000.00 |
CANARA
BANK |
AMBADEEP
BUILDING, 14; K.G. MARG, NEW DELHI, DELHI, INDIA |
- |
|
22 |
80048213 |
11/05/2013
* |
160,000,000.00 |
CANARA
BANK |
PRIME
CORPORATE BRANCH,, CONNAUGHT PLACE,, NEW DELHI, DELHI - 110001, INDIA |
B76741115 |
|
23 |
80006994 |
11/05/2013
* |
1,560,000,000.00 |
CANARA
BANK |
PRIME
CORPORATE BRANCH,, CONNAUGHT PLACE,, NEW DELHI, DELHI - 110001, INDIA |
B76740885 |
* Date of charge modification
FIXED ASSETS:
·
Land
·
Factory Building
·
Staff Rooms
·
Plant and Machinery
·
Storage Equipments
·
Generator
·
Trade Mark
·
Vehicles
·
Office Equipments
·
Electrical Fittings
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.60.38 |
|
|
1 |
Rs.101.63 |
|
Euro |
1 |
Rs.83.57 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
50 |
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.