MIRA
INFORM REPORT
|
Report Date : |
08.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
CARGILL INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
111, Rectangle - I, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
12.04.1996 |
|
|
|
|
Com. Reg. No.: |
55-118008 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 557.307 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15440DL1996PTC118008 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACC3269J |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trading of wheat, grains, oilseeds, sugar and cotton and
also Refining and Trading of edible oils and Manufacturing and Trading of
artificial flavors and emulsions and also animal feed and nutrition. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 13590000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
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Payment Behaviour : |
Usually Correct |
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|
|
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Litigation : |
Clear |
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|
Comments : |
Subject is a subsidiary of “Cargill Mauritius Limited, The company has incurred loss from its operational activities during
financial year 2014. However, the rating reflects financial as well as managerial support
that company receives from its parent and sound liquidity profile of the
company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In view of strong holding support, the company can be considered 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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund based facilities = AA+(So) |
|
Rating Explanation |
High degree of safety and very low credit
risk. |
|
Date |
March 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non-fund based facilities = A1+ |
|
Rating Explanation |
Very strong degree of safety and lowest
credit risk. |
|
Date |
March 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 DECLINED
MANAGEMENT NON-COOPERATIVE
[CONTACT NO.: 91-124-2358939]
LOCATIONS
|
Registered Office : |
111, Rectangle - I, |
|
Tel. No.: |
91-11-46010389 |
|
Fax No.: |
91-11-46010390 |
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E-Mail : |
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|
Website : |
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Corporate Office : |
14th Floor, Building 9 A,
|
|
Tel. No.: |
91-124-2358939/
4090489 |
|
Fax No.: |
91-124-2358977/ 2358972/ 73 |
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|
|
|
Regional Offices : |
Located
at: ·
Kolkata Mumbai Pune |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Siraj Azmat Chaudhry |
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Designation : |
Director |
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Address : |
S-12B, |
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Date of Birth/Age : |
08.01.1967 |
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Date of Appointment : |
30.09.2008 |
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DIN No.: |
00161853 |
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Other Directorship :
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Name : |
Mr. Srinivasa Rao Namburi |
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|
Designation : |
Director |
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Address : |
B-1102, Park Life, Sector-57, Gurgaon-122011, |
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Date of Birth/Age : |
14.10.1975 |
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Date of Appointment : |
28.09.2012 |
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DIN No.: |
03614838 |
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Other Directorship :
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Name : |
Mr. Bal Krishna Anand |
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Designation : |
Director |
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Address : |
102, Tower 12, Vipul Greens, |
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Date of Birth/Age : |
15.09.1970 |
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Date of Appointment : |
30.09.2014 |
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DIN No.: |
03483157 |
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Other Directorship :
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|
Name : |
Mr. Gokul Kisan Badgujar |
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Designation : |
Director |
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Address : |
Flat No. A/602, Rohan Nilay, Phase II, |
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Date of Birth/Age : |
01.06.1963 |
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Date of Appointment : |
30.09.2014 |
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DIN No.: |
06737950 |
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Other Directorship :
|
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KEY EXECUTIVES
|
Name : |
Ms. Jyotika Dwivedi |
|
Designation : |
Secretary |
|
Address : |
H. No. 43A, Anandlok Colony, Manpur (W), Dewalchour, Haldwani - 263139,
Uttarakhand, India |
|
Date of Birth/Age : |
01.04.1989 |
|
Date of Appointment : |
17.04.2014 |
|
PAN No.: |
AVSPD2618L |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Equity Shareholders |
|
No. of Shares |
|
Cargill Mauritius Limited, |
|
69410675 |
|
Cargill International Trading Pte. Limited, Singapore |
|
2 |
|
|
|
|
|
Total |
|
69410677 |
|
Names of Preference Shareholder |
|
No. of Shares |
|
Cargill Global Trading India Private Limited, India |
|
1250000 |
|
|
|
|
|
Total |
|
1250000 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading of wheat, grains, oilseeds, sugar and cotton and
also Refining and Trading of edible oils and Manufacturing and Trading of
artificial flavors and emulsions and also animal feed and nutrition. |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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|
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Imports : |
Not Divulged |
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|
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Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
BSR and Company LLP Chartered Accountants |
|
Address : |
Building No. 10, 8th Floor, Tower - B, DLF Cyber
City, Phase - II, Gurgaon - 122002, Haryana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAIFB4734C |
|
|
|
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Holding company
: |
Cargill Mauritius Limited |
|
|
|
|
Ultimate Holding
company : |
Cargill Incorporated, USA |
|
|
|
|
Fellow
Subsidiary company : |
· AWB India Private Limited [U51909DL2005PTC133235] Cargill Capital and Financial Services India Private
Limited [U65993DL2006PTC147422] Black River Advisors India Private Limited
[U74140DL2008FTC172715] Cargill International S A, Geneva Cargill International Trading Pte Limited, Singapore Cargill Australia Limited Cargill Cotton Limited Cargill BV, Amsterdam Cargill Asia-Pacific Holdings Pte Limited, Singapore Provimi Holding BV Cargill Europe BVBA , Belgium Cargill Ocean Transportation, Singapore M.A. Cargill Trading Limited Cargill Philippines, Inc. Cargill Pakistan Agrifoods Private Limited Cargill Investments (China) Limited Provimi Animal Nutrition India Private Limited
[U24111KA1983PTC005213] Cargill Business Services India Private Limited
[U74140HR2010PTC040251] Cargill International Luxemburg CAN Technologies Inc, US Cargill Texturizing Solut. Deutschl Agribrands Purina (Fushun) Feedmill Co Limited Agribrands Purina Guatemala AWB Australia Cargill (Malaysia) SDN BHD Cargill Agri Purina Inc South Korea Cargill Asia Pacific Treasury Limited, Singapore Cargill Enterprise Inc, Russia Cargill Financial Services Corporation, USA Cargill Flavours System UK Limited Cargill Food Ingredients US, LLC Cargill France S.A. Cargill Gida (Turkey) Cargill Global Trading India Private Limited Cargill Grain and Oilseeds (Yangjiang) Limited Cargill Grain and Oilseeds (Nantong) Limited Cargill Holdings B.V. Cargill Holdings Malaysia SDN BHD Cargill Incorporated, USA Cargill Limited - Cargill Limited Canada Cargill Limited - Cairo Cargill Malaysia SDN BHD Cargill Nutriproducts Inc Cargill Oil Packers BVBA Cargill Palm Products SDN, BHD, Malaysia Cargill President Holdings Pte Limited Cargill Protein Feed (Dongguan) Limited Cargill RSA Holdings Cargill S.A. Cargill SAS , France Cargill Siam Limited, Cargill Siam Limited Cargill S.L.U Cargill Tropical Palm Holdings Pte Limited Cargill TSF Asia Pte Limited, Singapore Cargill Vietnam Limited Carval India Private Limited Cerestar Deutschland Holding CFSI CFSIT Mosaic India Private Limited P.T Cargill Indonesia Poliamba Limited Provimi Vitenam Cargill Deutschland GmbH Cargill NV |
|
|
|
|
Subsidiary
company : |
· AWB Krishi Suvidha Parisar (Kota) Private Limited [U63021DL2005PTC142622] AWB Krishi Upaaj Vipnan Parisar (Talera) Private Limited
[U74130DL2006PTC148459] |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 1200.000 Millions |
|
26,000,000 |
Preference Shares |
Rs. 10/- each |
Rs. 260.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 1460.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
69,410,677 |
Equity Shares |
Rs. 10/- each |
Rs. 694.107 Millions |
|
1,250,000 |
Preference Shares |
Rs. 10/- each |
Rs. 12.500 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 706.607
Millions |
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 1200.000 Millions |
|
26,000,000 |
Preference Shares |
Rs. 10/- each |
Rs. 260.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 1460.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
54,480,685 |
Equity Shares |
Rs. 10/- each |
Rs. 544.807 Millions |
|
1,250,000 |
Preference Shares |
Rs. 10/- each |
Rs. 12.500 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 557.307
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
557.307 |
415.986 |
415.986 |
|
(b) Reserves & Surplus |
4199.406 |
1823.457 |
940.503 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
2725.598 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
4756.713 |
4965.041 |
1356.489 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
899.175 |
543.000 |
102.170 |
|
(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 |
268.307 |
196.620 |
184.103 |
|
Total Non-current
Liabilities (3) |
1167.482 |
739.620 |
286.273 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
9857.233 |
11039.988 |
17298.062 |
|
(b)
Trade payables |
4772.908 |
8667.741 |
5692.453 |
|
(c)
Other current liabilities |
1169.157 |
2202.180 |
3014.087 |
|
(d) Short-term
provisions |
225.008 |
188.725 |
204.085 |
|
Total Current
Liabilities (4) |
16024.306 |
22098.634 |
26208.687 |
|
|
|
|
|
|
TOTAL |
21948.501 |
27803.295 |
27851.449 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
1810.726 |
1975.914 |
1715.810 |
|
(ii)
Intangible Assets |
1308.633 |
812.410 |
711.726 |
|
(iii)
Capital work-in-progress |
255.594 |
153.411 |
148.247 |
|
(iv)
Intangible assets under development |
554.227 |
554.227 |
549.518 |
|
(b) Non-current Investments |
35.694 |
35.694 |
35.694 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1707.118 |
1365.852 |
1133.456 |
|
(e) Other
Non-current assets |
52.948 |
1057.013 |
297.223 |
|
Total Non-Current
Assets |
5724.940 |
5954.521 |
4591.674 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
11525.159 |
13014.056 |
15156.447 |
|
(c)
Trade receivables |
2519.373 |
2927.786 |
2598.580 |
|
(d) Cash
and cash equivalents |
1068.241 |
3957.473 |
1515.701 |
|
(e)
Short-term loans and advances |
648.133 |
1269.105 |
3193.183 |
|
(f)
Other current assets |
462.655 |
680.354 |
795.864 |
|
Total
Current Assets |
16223.561 |
21848.774 |
23259.775 |
|
|
|
|
|
|
TOTAL |
21948.501 |
27803.295 |
27851.449 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
75363.820 |
97890.390 |
83640.700 |
|
|
|
Other Income |
1564.590 |
1682.660 |
2047.000 |
|
|
|
TOTAL (A) |
76928.410 |
99573.050 |
85687.700 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
76307.720 |
96924.360 |
84484.070 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
620.690 |
2648.690 |
1203.630 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1469.750 |
1260.990 |
1492.850 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(849.060) |
1387.700 |
(289.220) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
719.960 |
370.380 |
337.790 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(1569.020) |
1017.320 |
(627.010) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(2.100) |
134.360 |
6.290 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(1566.920) |
882.960 |
(633.300) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings [FOB Basis] |
11941.118 |
32001.193 |
19350.061 |
|
|
|
Agency Fees |
125.507 |
124.132 |
126.253 |
|
|
|
Other Earnings |
216.558 |
103.688 |
81.790 |
|
|
TOTAL EARNINGS |
12283.183 |
32229.013 |
19558.104 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(28.12) |
21.23 |
(15.22) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(2.08) |
0.90 |
(0.76) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
0.82 |
2.71 |
1.44 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(7.44) |
3.76 |
(2.31) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.33) |
0.20 |
(0.46) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.26 |
2.33 |
12.83 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.01 |
0.99 |
0.89 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
415.986 |
415.986 |
557.307 |
|
Reserves & Surplus |
940.503 |
1823.457 |
4199.406 |
|
Share Application money pending allotment |
0.000 |
2725.598 |
0.000 |
|
Net
worth |
1356.489 |
4965.041 |
4756.713 |
|
|
|
|
|
|
Long-term borrowings |
102.170 |
543.000 |
899.175 |
|
Short term borrowings |
17298.062 |
11039.988 |
9857.233 |
|
Total
borrowings |
17400.232 |
11582.988 |
10756.408 |
|
Debt/Equity ratio |
12.827 |
2.333 |
2.261 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
83640.700 |
97890.390 |
75363.820 |
|
|
|
17.037 |
(23.012) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
83640.700 |
97890.390 |
75363.820 |
|
Profit/ (Loss) |
(633.300) |
882.960 |
(1566.920) |
|
|
(0.76%) |
0.90% |
(2.08%) |
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 |
No |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
899.175 |
543.000 |
|
SHORT TERM BORROWINGS |
|
|
|
Term Loans from banks |
5818.651 |
5675.375 |
|
Working capital loans from banks |
642.300 |
2314.474 |
|
Loans and advances from related parties |
3396.282 |
3050.139 |
|
|
|
|
|
Total |
10756.408 |
11582.988 |
BACKGROUND AND NATURE
OF BUSINESS
Subject is a subsidiary of Cargill Mauritius Limited (‘CML’), Mauritius.
The Company is primarily engaged in the business of:
· Agricultural Supply Chain Business which primarily comprises of trading in wheat, grains, oilseeds, sugar and cotton.
Cargill
Food Ingredients and Systems which primarily comprises of edible Oils and other
related products such as refining of edible oils and trading of edible oil and
manufacture and trading of artificial flavors and emulsions;
Merchanting
Trades primarily in respect of soya meal and corn and other commodities.
Manufacturing
and trading of animal feed and nutrition.
The Company also operates an overseas trading branch
registered in Singapore with a registered office at 300 Beach Road, #23-01 The
Concourse, Singapore 199555. The principal activities of the Branch are trading
of commodities. The assets, liabilities and the results of the operations of
the Branch have been consolidated in the financial accounts of the company. In
current year the Company has decided to close the operations of overseas
trading branch and is in process of winding up.
PERFORMANCE FOR THE
CURRENT YEAR
The company has reported a turnover of Rs.75363.820 millions
(net of excise duty) during the financial year 2013-14, showing a decline of
23% over previous year. It has reported a net loss of Rs 1569.020 millions
(before tax) during the current year.
FIXED ASSETS:
· Land
Buildings
Plant
and equipment
Furniture
and fixtures
Vehicles
Office
equipment
Computer
equipments
Leasehold
improvements
Goodwill
Computer
software
Recipes,
formulae, models, designs and prototypes
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. 61.85 |
|
|
1 |
Rs. 96.73 |
|
Euro |
1 |
Rs. 76.53 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
46 |
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.