MIRA
INFORM REPORT
|
Report Date : |
30.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
SUNFRESH AGRO INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Gat No. 121/2A, At Post Ranjankhol, Taluka Rahata, District
Ahmednagar, Shrirampur – 413720, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
22.01.2007 |
|
|
|
|
Com. Reg. No.: |
11-129505 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.376.350 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U01122PN2007PTC129505 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNES21356G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAKCS5451Q / ACGPN8857L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Milk Products. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3900000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having satisfactory track record. As per registrar of companies the date of Balance Sheet (i.e.
financial filed) is shown as 31.03.2013 but the documents related to financials
are not available for any source. As per available financial record (Balance Sheet Statement) of 2012,
overall financial position of the company seems to be sound and healthy. Trade relations are fair. Business is active. Payment terms are reported
to be usually correct. The company can be considered for business dealings at usual trade
terms and conditions. NOTE: Profit and Loss
Account for the year 2012 could not be made available from any source. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
N E W S
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift.
It highlights how as against 51 % in 2005, the emerging economies now account
for close to 56 % of the global purchasing power GDP as per the latest survey.
And with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund manager
Jim Chanos has been keenly following the political and economic development in
the dragon economy and has figured out something that is quite worrying. He is
of the view that the Chinese economy could be heading toward trouble on account
of new Chinese President Xi Jingping’s very aggressive anti-corruption drive.
Chanos believes tat many things such as apartment sales, luxury products, etc.
were largely bought with dirty money. And it is now beginning to impact
consumption. This may indeed be bad news for an economy that is struggling to
transition from an investment-driven export-oriented economy to a domestic
consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets
including equities, gold, fixed deposits, G-Secs and real estate since 1991.
Real estate outperformed every other asset classes during the 23-year period
with an annualized return of 20 % ! Equities came in second with annualized
return of 15.5 % ! However, while these returns may seem mouthwatering, the
fact is that the return from equities adjusted for inflation came down to just
7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities=BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
26.05.2014 |
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
31-03-2014.
INFORMATION DENIED
Management Non Co-operative (91-2422-645904)
LOCATIONS
|
Registered Office : |
Gat No. 121/2A, At Post Ranjankhol, Taluka Rahata, District
Ahmednagar, Shrirampur – 413720, Maharashtra, India |
|
Tel. No.: |
91-2422-2645901 |
|
Mobile No.: |
91-9011065006 (Mr. Ismail Shaikh) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Factory : |
Plot No. U-4, Prabhat – Food Park Nirmal Nagar – Post – Talak Nagar,
Tal – Rahata, Ahmed Nagar - 413720, Maharashtra, India |
|
Tel. No.: |
91-2422-645904 / 05 / 06 |
|
Fax No.: |
91-2422-265816 |
DIRECTORS
AS ON 30.12.2013
|
Name : |
Mr. Vivek Sarangdhar Nirmal |
|
Designation : |
Director |
|
Address : |
At Post Ranjankhol, Taluka Rahata, Shrirampur, Ahmednagar - 413720, Maharashtra, India |
|
Date of Birth/Age : |
16.08.1983 |
|
Date of Appointment : |
22.01.2007 |
|
PAN No. : |
ACGPN8857L |
|
DIN No. : |
00820923 |
|
|
|
|
Name : |
Mr. Arvind Jagannath Nirmal |
|
Designation : |
Additional Director |
|
Address : |
Central Bank Colony, Behind Ashoka Hotel, Sangamner Road, Shrirampur, Ahmednagar – 413720, Maharashtra, India |
|
Date of Birth/Age : |
17.08.1978 |
|
Date of Appointment : |
29.09.2012 |
|
DIN No. : |
00035363 |
|
|
|
|
Name : |
Mr. Rajesh Kumar Srivastava |
|
Designation : |
Nominee Director |
|
Address : |
S-376, Ground Floor, Panchshila Park, New Delhi – 110017, India |
|
Date of Birth/Age : |
20.03.1957 |
|
Date of Appointment : |
28.09.2012 |
|
DIN No. : |
00302223 |
|
|
|
|
Name : |
Mr. Suneet Subhash Gupta |
|
Designation : |
Nominee Director |
|
Address : |
A-63, Block A, Defence Colony, New Delhi – 110024, India |
|
Date of Birth/Age : |
20.02.1970 |
|
Date of Appointment : |
28.09.2012 |
|
DIN No. : |
01653720 |
|
|
|
|
Name : |
Mr. Rahul Dinesh Rai |
|
Designation : |
Alternate Director |
|
Address : |
7/16, DDA Flats, Bhagwan Dass Road, New Delhi – 110001, India |
|
Date of Birth/Age : |
12.01.1979 |
|
Date of Appointment : |
28.09.2012 |
|
DIN No. : |
02774749 |
|
|
|
|
Name : |
Mr. Sebastien Marc Fleury |
|
Designation : |
Nominee Director |
|
Address : |
28 rue Mere Marie Pia 91480 Quincy sous Senart France |
|
Date of Birth/Age : |
11.07.1972 |
|
Date of Appointment : |
07.06.2013 |
|
DIN No. : |
06598330 |
KEY EXECUTIVES
|
Name : |
Mr. Vishnu Karbharee Salunke |
|
Designation : |
Secretary |
|
Address : |
28, Sois Quarters, Gokhale Institute of Eco and Pol BMCC Road, Pune –
411005, Maharashtra, India |
|
Date of Birth/Age : |
07.04.1985 |
|
Date of Appointment : |
08.02.2013 |
|
PAN No.: |
BKTPS3164H |
MAJOR SHAREHOLDERS
AS ON 30.12.2013
|
Names of Equity Shareholders |
|
No. of Shares |
|
Vivek Sarangdhar Nirmal |
|
1 |
|
Cheese Land Agro (India) Private Limited, India |
|
37483254 |
|
|
|
|
|
Total |
|
37483255 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
Sarangdhar R. Nirmal |
|
100 |
|
Vivek Sarangdhar Nirmal |
|
100 |
|
Anil T. Kadu |
|
40 |
|
Kishor R. Nirmal |
|
100 |
|
Arvind J. Nirmal |
|
100 |
|
Vijaya S. Nirmal |
|
30 |
|
Vijay Mohan Harde |
|
30 |
|
Anil T. Kadu |
|
14085 |
|
Rekha Anil Kadu |
|
14775 |
|
Balasaheb M. Harde |
|
6020 |
|
Chandrakant K. Nale |
|
18426 |
|
Vilas G. Gole |
|
250 |
|
Ganesh B. Jangire |
|
12115 |
|
Prabhakar P. Kasab |
|
8166 |
|
Nidhi V. Nirmal |
|
23120 |
|
Nisha K. Nirmal |
|
44210 |
|
Lahu M. Pawar |
|
8833 |
|
Sarangdhar R. Nirmal |
|
250 |
|
Vijaya S. Nirmal |
|
250 |
|
Kishor R. Nirmal |
|
250 |
|
Nisha K. Nirmal |
|
250 |
|
Vijay Mohan Harde |
|
50 |
|
Shaila Harde |
|
50 |
|
Vivek Sarangdhar Nirmal |
|
50 |
|
Kashinath Girhe |
|
50 |
|
|
|
|
|
Total |
|
151700 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.12.2013
|
Category |
Percentage of Holding |
|
Bodies corporate |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Milk Products. |
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|
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|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
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|
||||||||||||||||||||||||
|
Bankers : |
· HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India Vijaya Bank, Vinayak Niwas, 1206/A-32, Shirole Road,
Opposite Sambhaji Park, Pune - 411004, Maharashtra, India |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Shashank Suvarnpathaki and Company Chartered Accountants |
|
Address : |
3801 Barde Lane, Navi Peth, Ahmednagar – 414001, Maharashtra, India |
|
Mobile No. : |
91-9822069404 |
|
Mobile No. : |
AONPS9755F |
|
|
|
|
Holding company : |
Cheese Land Agro (India) Private Limited, India CIN No.: U15209PN2010PTC136135 |
|
|
|
|
Ultimate Holding
company : |
Prabhat Dairy Private Limited, India CIN No.: U15203PN1998PTC013068 |
|
|
|
|
Associate : |
· Prabhat Nutritious and Frozen Food Industries Private Limited, India CIN No.: U15200PN2009PTC134859 Prabhat Agri Project Development Private Limited, India CIN No.: U01122PN2007PTC130915 |
CAPITAL STRUCTURE
AS ON 30.12.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
56348300 |
Equity Shares |
Rs.10/- each |
Rs.563.483 Millions |
|
151700 |
Preference Shares |
Rs.10/- each |
Rs. 1.517 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 565.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
37483255 |
Equity Shares |
Rs.10/- each |
Rs. 374.833 Millions |
|
151700 |
Preference Shares |
Rs.10/- each |
Rs. 1.517 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 376.350
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 |
|
376.350 |
300.000 |
|
(b) Reserves & Surplus |
|
608.434 |
80.012 |
|
(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) |
|
984.784 |
380.012 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
615.496 |
492.259 |
|
(b) Deferred tax liabilities (Net) |
|
86.266 |
40.600 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.282 |
0.063 |
|
Total Non-current Liabilities (3) |
|
702.044 |
532.922 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
376.670 |
201.356 |
|
(b) Trade payables |
|
78.814 |
41.339 |
|
(c) Other current
liabilities |
|
164.239 |
85.298 |
|
(d) Short-term provisions |
|
0.000 |
0.000 |
|
Total Current Liabilities (4) |
|
619.723 |
327.993 |
|
|
|
|
|
|
TOTAL |
|
2306.551 |
1240.927 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
1657.681 |
701.019 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
57.043 |
21.312 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.054 |
0.054 |
|
(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 |
|
1714.778 |
722.385 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
106.906 |
120.729 |
|
(c) Trade receivables |
|
388.489 |
280.489 |
|
(d) Cash and cash
equivalents |
|
29.173 |
4.307 |
|
(e) Short-term loans and
advances |
|
52.252 |
101.590 |
|
(f) Other current assets |
|
14.953 |
11.427 |
|
Total Current Assets |
|
591.773 |
518.542 |
|
|
|
|
|
|
TOTAL |
|
2306.551 |
1240.927 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
40.705 |
|
|
2] Share Application Money |
|
|
161.115 |
|
|
3] Reserves & Surplus |
|
|
11.767 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
213.587 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
319.013 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
319.013 |
|
|
DEFERRED TAX LIABILITIES |
|
|
11.618 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
544.218 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
187.212 |
|
|
Capital work-in-progress |
|
|
218.578 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.156 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
13.582 |
|
|
Sundry Debtors |
|
|
117.556 |
|
|
Cash & Bank Balances |
|
|
3.703 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
13.325 |
|
Total
Current Assets |
|
|
148.166 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
16.803 |
|
|
Other Current Liabilities |
|
|
0.822 |
|
|
Provisions |
|
|
3.234 |
|
Total
Current Liabilities |
|
|
20.859 |
|
|
Net Current Assets |
|
|
127.307 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
10.965 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
544.218 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
|
302.302 |
363.722 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
|
290.024 |
326.857 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
12.278 |
36.865 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
0.000 |
14.843 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
12.278 |
22.022 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
|
0.920 |
2.994 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
11.358 |
19.028 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
1.200 |
10.994 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
10.158 |
8.034 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
0.34 |
1.97 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
5500.000 |
The above information has been parted by Mr. Ismail Shaikh (Senior
Accounts Manager)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
3.36 |
5.23 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
0.93 |
5.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.03 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.01
|
1.83 |
1.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.95
|
1.58 |
7.10 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2011 |
31.03.2012 |
|
|
|
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
|
300.000 |
376.350 |
|
Reserves & Surplus |
|
80.012 |
608.434 |
|
Net
worth |
|
380.012 |
984.784 |
|
|
|
|
|
|
long-term borrowings |
|
492.259 |
615.496 |
|
Short term borrowings |
|
201.356 |
376.670 |
|
Total
borrowings |
|
693.615 |
992.166 |
|
Debt/Equity
ratio |
|
1.825 |
1.007 |
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
two years |
Yes |
|
12] |
Profitability for last
two 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 |
No |
|
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 |
UNSECURED LOANS:
|
PARTICULARS |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Rupee term loans from others |
212.138 |
0.000 |
|
|
|
|
|
Total |
212.138 |
0.000 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10512149 |
25/07/2014 |
1,500,000,000.00 |
IL
& FS TRUST COMPANY LIMITED |
IL
& FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRA, KURLA COMPLEX BANDRA
EAST, MUMBAI, MAHARASHTRA |
C14551519 |
|
2 |
10507949 |
04/06/2014 |
20,000,000.00 |
ICICI
BANK LIMITED |
BUND
GARDEN BRANCH, PUNE, PUNE, MAHARASHTRA - 411001, INDIA |
C10451862 |
|
3 |
10512896 |
04/06/2014 |
300,000,000.00 |
INDUSIND
BANK LTD. |
2401
GEN THIMMAYYA ROAD, CONTONMENT, PUNE, MAHARA |
C15006711 |
|
4 |
10501872 |
04/06/2014 |
250,000,000.00 |
ICICI
BANK LIMITED |
BUND GARDEN
ROAD,, PUNE, PUNE, MAHARASHTRA - 411001, INDIA |
C06066278 |
|
5 |
10508161 |
04/06/2014 |
300,000,000.00 |
RABOBANK
INTERNATIONAL |
20/F,
TOWER A, PENINSULA BUSINESS PARK, SENAPATI |
C10620516 |
FIXED ASSETS:
· Land
Buildings
Factory
Building
Plant
and Equipment
Factory
Equipments
Vehicles
Office
Equipment
Computer
Equipments
Other
Equipments
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.60.47 |
|
|
1 |
Rs.100.15 |
|
Euro |
1 |
Rs.79.65 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
|
44 |
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.