MIRA INFORM REPORT
|
Report Date : |
16.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
ASIANLAK HEALTH FOODS LIMITED |
|
|
|
|
Registered
Office : |
V P O Jandiali Near Kohara, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
03.02.1995 |
|
|
|
|
Com. Reg. No.: |
16-015722 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.20.411 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15499PB1995PLC015722 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JLDA02021F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA5297M |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Fresh Fruit Drinks in Pet bottles,
Carbonated Soft Drinks and Bisleri Packaged Drinking Water and Fresh brand
fruit pulps, etc. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 320000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behavior : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having satisfactory track record. General financial position of the company is normal and acceptable for
business dealings. Trade relations are reported as fair. Business is active. Payment
terms are reported to be slow but correct. 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 – 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 |
CARE |
|
Rating |
Long Term Bank Facilities = (BB-) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
03.02.2014 |
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 BY
|
Name : |
Mr. Gopal Poddar |
|
Designation : |
Marketing Head |
|
Contact No.: |
91-9815371556 |
|
Date : |
13.12.2014 |
LOCATIONS
|
Registered Office : |
V P O Jandiali
Near Kohara, |
|
Tel. No.: |
91-161-2843215 |
|
Fax No.: |
91-161-2843651 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Radhe Shyam Poddar |
|
Designation : |
Director |
|
Address : |
509-B, Aggar Nagar, |
|
Date of Birth/Age : |
07.07.1942 |
|
Date of Appointment : |
03.02.1995 |
|
DIN No.: |
00876226 |
|
|
|
|
Name : |
Mr. Mandira Poddar |
|
Designation : |
Director |
|
Address : |
509-B, Aggar Nagar, |
|
Date of Birth/Age : |
20.05.1966 |
|
Date of Appointment : |
01.03.2008 |
|
DIN No.: |
02114374 |
|
|
|
|
Name : |
Pragya Poddar |
|
Designation : |
Director |
|
Address : |
509-B, Aggar Nagar, |
|
Date of Birth/Age : |
01.07.1971 |
|
Date of Appointment : |
15.12.1995 |
|
DIN No.: |
02381561 |
KEY EXECUTIVES
|
Name : |
Mr. Gopal Poddar |
|
Designation : |
Marketing Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Gopal Poddar |
|
17200 |
|
Neerj Poddar |
|
15400 |
|
Pragaya Poddar |
|
400 |
|
Mandira Poddar |
|
15100 |
|
Nirmal Poddar |
|
96400 |
|
Radhe Sham Poddar |
|
3350 |
|
Hari Sarup Aggarwal |
|
100 |
|
Al:Share Brokers Private Limited, |
|
20000 |
|
Radhe Sham Poddar (HUF) |
|
19370 |
|
Navrang Agencies Limited, |
|
417500 |
|
Navrang Investment, |
|
4600 |
|
Asianlak Properties Limited, |
|
424200 |
|
Super Finvest Services Private Limited, |
|
90000 |
|
Sunita Goyal |
|
51250 |
|
Parood Goyal |
|
18750 |
|
L.D. Finvest Private Limited, |
|
37500 |
|
Roopika Exports Private Limited, |
|
15000 |
|
City Commodities and Trading, |
|
17500 |
|
Swen Television Limited, |
|
25000 |
|
B. T. Technologies Limited, |
|
25000 |
|
Gaurav Kirpal |
|
35000 |
|
Amit Kirpal |
|
45000 |
|
Big Bull Commodities Private Limited, |
|
45500 |
|
Best Trade Commodities Private Limited, |
|
36000 |
|
Spearhead Publishers Private Limited, |
|
20000 |
|
|
|
|
|
Total |
|
1495120 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
78.77 |
|
Directors or relatives of Directors |
11.20 |
|
Other top fifty shareholders |
10.03 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Fresh Fruit Drinks in Pet bottles, Carbonated
Soft Drinks and Bisleri Packaged Drinking Water and Fresh brand fruit pulps,
etc. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
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|
|
|
Exports : |
Not Applicable |
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|
|
|
Imports : |
Not Applicable |
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|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
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|
|
|
Purchasing : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
|||||||||||||||||||||||||||
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Bankers : |
Punjab National Bank, SME, Cheema Chowk, |
|||||||||||||||||||||||||||
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Facilities : |
|
|||||||||||||||||||||||||||
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|
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|
Auditors : |
|
|
Name : |
Pawan Singh and Associates Chartered Accountants |
|
Address : |
Office No. 5, 2nd Floor, Guru Har Rai Complex, Opposite Manju Cinema,
Ludhiana –
141003, Punjab, India |
|
Tel. No.: |
91-161-2544029 |
|
Mobile No.: |
91-9417074075 |
|
Income-tax
PAN of auditor or auditor's firm : |
AFIPS3858R |
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|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
|
|
Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
After on
30.09.2013
Authorized Capital: Rs. 30.000 Millions
Issued, Subscribed & Paid-up Capital: Rs. 20.411
Millions
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,495,120 |
Equity Shares |
Rs. 10/- each |
Rs. 14.951
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 |
14.951 |
14.951 |
14.951 |
|
(b) Reserves & Surplus |
66.891 |
59.448 |
53.791 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
30.032 |
30.032 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
111.874 |
104.431 |
68.742 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
94.566 |
116.106 |
152.318 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
94.566 |
116.106 |
152.318 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
48.063 |
48.050 |
36.797 |
|
(b) Trade payables |
8.279 |
6.671 |
14.860 |
|
(c) Other current liabilities |
21.865 |
21.489 |
0.363 |
|
(d) Short-term provisions |
5.126 |
3.412 |
1.891 |
|
Total Current Liabilities
(4) |
83.333 |
79.622 |
53.911 |
|
|
|
|
|
|
TOTAL |
289.773 |
300.159 |
274.971 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
171.562 |
174.156 |
118.346 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
4.413 |
13.841 |
82.347 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.901 |
1.113 |
0.113 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
177.876 |
189.110 |
200.806 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.008 |
0.008 |
0.008 |
|
(b) Inventories |
55.245 |
56.740 |
41.306 |
|
(c) Trade receivables |
38.032 |
38.336 |
22.161 |
|
(d) Cash and cash
equivalents |
1.684 |
1.658 |
1.640 |
|
(e) Short-term loans
and advances |
6.429 |
3.925 |
3.627 |
|
(f) Other current
assets |
10.499 |
10.382 |
5.423 |
|
Total Current Assets |
111.897 |
111.049 |
74.165 |
|
|
|
|
|
|
TOTAL |
289.773 |
300.159 |
274.971 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
413.437 |
337.232 |
236.573 |
|
|
|
Other Income |
0.085 |
0.114 |
0.080 |
|
|
|
TOTAL (A) |
413.522 |
337.346 |
236.653 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
300.853 |
240.333 |
163.954 |
|
|
|
Excise Duty paid |
28.008 |
22.245 |
19.699 |
|
|
|
Changes in inventories of finished goods, work in progress and stock
in trade |
(1.233) |
(1.712) |
(1.184) |
|
|
|
Employee benefit expenses |
4.851 |
3.271 |
2.723 |
|
|
|
Other Expenses |
33.069 |
26.737 |
26.926 |
|
|
|
Royalty |
5.928 |
4.822 |
3.384 |
|
|
|
TOTAL (B) |
371.476 |
295.696 |
215.502 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
42.046 |
41.650 |
21.151 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
20.551 |
23.513 |
10.411 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
21.495 |
18.137 |
10.740 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
12.419 |
11.238 |
8.852 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
9.076 |
6.899 |
1.888 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.634 |
1.242 |
0.355 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
7.442 |
5.657 |
1.533 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
33.520 |
27.863 |
26.330 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
40.962 |
33.520 |
27.863 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.98 |
3.78 |
1.03 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.80 |
1.68 |
0.65 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
10.17 |
12.35 |
8.94 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.18 |
2.41 |
0.98 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.07 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.27 |
1.76 |
2.75 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34 |
1.86 |
1.38 |
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 |
14.951 |
14.951 |
14.951 |
|
Share Application money
pending allotment |
0.000 |
30.032 |
30.032 |
|
Reserves & Surplus |
53.791 |
59.448 |
66.891 |
|
Net worth |
68.742 |
104.431 |
111.874 |
|
|
|
|
|
|
long-term borrowings |
152.318 |
135.904 |
94.566 |
|
Short term borrowings |
36.797 |
48.050 |
48.063 |
|
Total borrowings |
189.115 |
183.954 |
142.629 |
|
Debt/Equity ratio |
2.751 |
1.761 |
1.275 |
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 |
236.573 |
337.232 |
413.437 |
|
|
|
42.549 |
22.597 |
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 |
236.573 |
337.232 |
413.437 |
|
Profit |
1.533 |
5.657 |
7.442 |
|
|
0.65% |
1.68% |
1.80% |
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 |
No |
|
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Security and Other Loans |
38.422 |
38.422 |
|
|
|
|
|
Total |
38.422 |
38.422 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10516623 |
06/08/2014 |
49,000,000.00 |
PUNJAB NATIONAL BANK |
SME, CHEEMA CHOWK, LUDHIANA, PUNJAB - 141001, INDIA |
C18086181 |
|
2 |
10264636 |
16/12/2010 |
17,000,000.00 |
PUNJAB NATIONAL BANK |
SSI BRANCH, CHEEMA CHOWK, LUDHIANA, PUNJAB - 1410 |
B04967519 |
|
3 |
10264641 |
16/12/2010 |
65,000,000.00 |
PUNJAB NATIONAL BANK |
SSI BRANCH, CHEEMA CHOWK, LUDHIANA, PUNJAB - 1410 |
B04966487 |
|
4 |
10218490 |
01/03/2014 * |
315,221,000.00 |
PUNJAB NATIONAL BANK |
SME, CHEEMA CHOWK, LUDHIANA, PUNJAB - 141001, INDIA |
C03767068 |
|
5 |
10166220 |
21/05/2009 |
1,060,000.00 |
PUNJAB NATIONAL BANK |
SSI. BRANCH, CHEEMA CHOWK, LUDHIANA, PUNJAB - 141 |
A65516213 |
|
6 |
10158004 |
27/03/2009 |
1,900,000.00 |
PUNJAB NATIONAL BANK |
SSI BRANCH,, CHEEMA CHOWK,, LUDHIANA, PUNJAB - 141006, INDIA |
A62388111 |
|
7 |
10158005 |
27/03/2009 |
9,600,000.00 |
PUNJAB NATIONAL BANK |
SSI BRANCH,, CHEEMA CHOWK,, LUDHIANA, PUNJAB - 141006, INDIA |
A62423033 |
|
8 |
10098167 |
28/03/2008 |
25,500,000.00 |
PUNJAB NATIONAL BANK |
SSI,, CHEEMA CHOWK,, LUDHIANA, PUNJAB - 141006, INDIA |
A35953298 |
|
9 |
10058826 |
06/02/2009 * |
44,400,000.00 |
PUNJAB NATIONAL BANK |
SSI BRANCH, CHEEMA CHOWK, LUDHIANA, PUNJAB - 1410 |
A59212852 |
|
10 |
10034575 |
09/01/2007 |
9,000,000.00 |
PUNJAB NATIONAQL BANK |
SSI BRANCH, CHEEMA CHOWK, LUDHIANA, PUNJAB - 1410 |
A09773482 |
* Date of charge modification
PERFORMANCE REVIEW
AND FUTURE PLANNING:
During the period under consideration our company continued its good working and despite tough competition and bad economic conditions your company manage to register total turnover of Rs. 413.521 Millions as compared to Rs. 337.345 Millions in the previous year. Further the company earned a profit after tax of Rs. 7.442 Millions as compared to Rs. 5.657 Millions in the previous year.
FIXED ASSETS:
· Land
· Building
· Pallets
· Plant and Machinery
· Mould
· Delivery Vehicles
· Computer
· Furniture and Fixture
· Office and Electric Equipments
· Lab Equipments
· Electric Fittings
· Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other official
proceeding for making any prohibited payments or other improper payments to
government officials for engaging in prohibited transactions or with designated
parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.65 |
|
|
1 |
Rs.98.53 |
|
Euro |
1 |
Rs.78.01 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.