MIRA
INFORM REPORT
|
Report Date : |
11.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
CARGILL INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
111, Rectangle-I, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
12.04.1996 |
|
|
|
|
Com. Reg. No.: |
55-118008 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.415.985 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15440DL1996PTC118008 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACC3269J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Agricultural, Industrial and Food
Products. |
|
|
|
|
No. of Employees
: |
Not Available |
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 19860000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of Cargill Mauritius Limited, Mauritius. It is
an established company having satisfactory track record. The company has taken huge external borrowing, which acts as
threatening to the liquidity position of the company. However, the rating reflects financial and managerial support that
company receives from its parent. Further company has able to recover its
operational losses during current financial year. 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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
The worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under
control, said the agency. Ratings firm Crisil has forecast 6 % growth for
2014/15 up from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous
year. The drop in India was steeper at 21 %. State run carrier Air India
is doling out free tickets to its 24000 employees, even as it expects to incur
a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a
one-fourth share in total jobs created, according to a study by industry lobby
group Assochem, Banks, real estate, automobile and telecommunications sectors
are showing a rise of job creation. $ 805 mn investments by venture capital
firms in India during 2013, registering a drop of about 18 % over the previous
year. The Information Technology and IT-Enabled Services Industry
retained its status as the favourable venture capital investors in 2013.
Pakistan has temporarily banned gold imports for the second time in six months,
as it tries to stem smuggling into India. India’s import duty on gold is 10 %
and curbs on purchases have dried up legal imports into what used to be the
world’s biggest bullion buyers. The World Gold Council puts the amount smuggled
into India at upto 200 tonnes in 2013. The Reserve Bank of India has proposed
that unclaimed bank deposits estimated to be about Rs 35000 mn be used for
education and awareness among depositors. According to the plan, deposits
that have not been claimed for at least 10 years will be transferred to the scheme.
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 |
October 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non-fund based facilities A1+ |
|
Rating Explanation |
Very strong degree of safety and lowest
credit risk. |
|
Date |
October 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.
LOCATIONS
|
Registered Office : |
111, Rectangle-I, Saket District Center, New Delhi – 110017, India |
|
Tel. No.: |
91-11-46010389 |
|
Fax No.: |
91-11-46010390 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
14th Floor, Building 9 A,
DLF Cyber City, Phase III Gurgaon – 122002, Haryana, India |
|
Tel. No.: |
91-124-2358939/
4090489 |
|
Fax No.: |
91-124-2358977/ 2358972/ 73 |
|
|
|
|
Regional Offices : |
Located
at: ·
Ghaziabad Kolkata Mumbai Pune Nagpur |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Siraj Azmat Chaudhry |
|
Designation : |
Director |
|
Address : |
S-12B, Windsor Court, DLF Phase IV, Gurgaon-122009, Haryana, India |
|
Date of Birth/Age : |
08.01.1967 |
|
Date of Appointment : |
30.09.2008 |
|
DIN No.: |
00161853 |
|
|
|
|
Name : |
Mr. Viraraghavan Sankaran |
|
Designation : |
Director |
|
Address : |
519-A, Hamilton Court, DLF Phase IV, Gurgaon -122002, Haryana, India |
|
Date of Birth/Age : |
07.04.1964 |
|
Date of Appointment : |
30.09.2008 |
|
DIN No.: |
00174728 |
|
|
|
|
Name : |
Mr. Srinivasa Rao Namburi |
|
Designation : |
Director |
|
Address : |
B-1102, Park Life, Sector-57, Gurgaon-122011, Haryana, India |
|
Date of Birth/Age : |
14.10.1975 |
|
Date of Appointment : |
28.09.2012 |
|
DIN No.: |
03614838 |
|
|
|
|
Name : |
Mr. Parmeshwar Ravi |
|
Designation : |
Director |
|
Address : |
115, Hamilton Court, DLF Phase 4, Gurgaon 122002, Haryana, India |
|
Date of Birth/Age : |
12.02.1966 |
|
Date of Appointment : |
28.09.2012 |
|
DIN No.: |
05216282 |
|
|
|
|
Name : |
John Joseph |
|
Designation : |
Director |
|
Address : |
Flat No. 201, Hillscapes, Pashan-Baner Link Road, Pashan, Pune – 411021, Maharashtra, India |
|
Date of Birth/Age : |
26.05.1966 |
|
Date of Appointment : |
22.10.2012 |
|
DIN No.: |
01520069 |
KEY EXECUTIVES
|
Name : |
Ms. Jyoti Arora |
|
Designation : |
Secretary |
|
Address : |
H.No.768/22, Street No. 2, Gandhi Nagar, Gurgaon-122 001, Haryana, India |
|
Date of Birth/Age : |
25.07.1981 |
|
Date of Appointment : |
21.10.2008 |
|
PAN No.: |
AIAPA1497K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Equity Shareholders |
No. of Shares |
|
Cargill Mauritius Limited, |
54480683 |
|
Cargill International Trading Pte. Limited, Singapore |
2 |
|
Total |
54480685 |
|
Names of Preference Shareholder |
No. of Shares |
|
Cargill Global Trading India Private Limited, |
1250000 |
|
Total |
1250000 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Agricultural, Industrial and Food
Products. |
||||||||||
|
|
|
||||||||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
Licensed capacity
/ Installed Capacity *
|
Particulars |
Unit |
Licensed
Capacity |
|
Edible oil refining |
MT per annum |
1140000 |
|
Aqua feed |
MT per annum |
36000 |
|
Emulsion and food flavors |
MT per annum |
2500 |
|
Others * * |
MT per annum |
190800 |
NOTE:
· *As certified by the management and not verified by the Auditor being a technical matter.
**Represents
installed capacity of distilled fatty acid (25500 MT), acid oil (13800 MT),
hydro vasnaspati (150000 MT) and packing film extrusion (1500 MT).
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
· HDFC Bank Limited · State Bank of India · Axis Bank Limited |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
BSR and Company Chartered Accountant |
|
Address : |
Building No. 10, 8th Floor, Tower – B, |
|
Tel. No. : |
91-124-2549191 |
|
Fax No. : |
91-124-2549101 |
|
PAN
No. : |
AAAFB9852F |
|
|
|
|
Holding company
: |
Cargill Mauritius Limited, Mauritius |
|
|
|
|
Ultimate holding
company : |
Cargill Incorporated, USA |
|
|
|
|
Fellow
subsidiaries : |
Ø Agribrands Purina
(Fushun) Feedmill Company Limited Ø Agribrands
Purina Guatemala Ø AWB Australia Ø AWB India
Private Limited Ø Black River
Advisors India Private Limited Ø CAN Technologies
Inc, US Ø Cargill
(Malaysia) SDN BHD Ø Cargill Agri
Purina Inc South Korea Ø Cargill Asia Pacific
Treasury Limited, Singapore Ø Cargill
Asia-Pacific Holdings Pte Limited, Singapore Ø Cargill
Australia Limited Ø Cargill BV,
Amsterdam Ø Cargill Capital
and Financial Ø Services India
Private Limited Ø Cargill Cotton
Limited Ø Cargill
Enterprise Inc, Russia Ø Cargill Europe
BVBA , Belgium Ø Cargill
Financial Services Corporation, USA Ø Cargill Flavours
System Limited, UK Ø Cargill Food
Ingredients LLC, US Ø Cargill France
S.A. Ø Cargill Gida
(Turkey) Ø Cargill Global
Trading India Private Limited Ø Cargill Global
Trading Solutions India Private Limited Ø Cargill Grain
and Oilseeds (Yangjiang) Limited Ø Cargill Holdings
B.V. Ø Cargill Holdings
Malaysia SDN BHD Ø Cargill
Incorporated, USA Ø Cargill
International Luxembourg Ø Cargill
International S A, Geneva Ø Cargill
International Trading Pte Limited, Singapore Ø Cargill
Investments (China) Limited. Ø Cargill Limited
- Cargill Limited Canada Ø Cargill Limited.
- Cairo Ø Cargill Malaysia
SDN BHD Ø Cargill
Nutriproducts Inc Ø Cargill Ocean Ø Transportation,
Singapore Ø Cargill Oil
Packers BVBA Ø Cargill Palm Products
SDN, BHD, Malaysia Ø Cargill
Philippines, Inc. Ø Cargill
President Holdings Pte Limited Ø Cargill Protein
Feed (Dongguan) Limited Ø Cargill RSA
Holdings Ø Cargill S.A. Ø
Cargill SAS, France Ø
Cargill Siam Limited, Ø
Cargill Siam Limited Ø
Cargill Tropical Palm Holdings Pte Limited Ø
Cargill TSF Asia Pte Limited, Singapore Ø
Cargill Vietnam Limited Ø
Carval India Private Limited Ø
Cerestar Deutschland Holding Ø
CFSI Ø
CFSIT Ø
Mosaic India Private Limited Ø
P.T Cargill Indonesia Ø
Poliamba Limited Ø
Provimi Animal Nutition India Private Limited |
CAPITAL STRUCTURE
After 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120000000 |
Equity Shares |
Rs.10/- each |
Rs.1200.000 Millions |
|
26000000 |
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 |
|
|
|
|
|
|
54480685 |
Equity Shares |
Rs.10/- each |
Rs.544.807 Millions |
|
1250000 |
Preference Shares |
Rs.10/- each |
Rs.12.500 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.557.307
Millions |
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120000000 |
Equity Shares |
Rs.10/- each |
Rs.1200.000 Millions |
|
26000000 |
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 |
|
|
|
|
|
|
40348556 |
Equity Shares |
Rs.10/- each |
Rs.403.485 Millions |
|
1250000 |
Preference Shares |
Rs.10/- each |
Rs.12.500 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.415.985
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 |
415.985 |
415.985 |
410.459 |
|
(b) Reserves & Surplus |
1823.457 |
940.503 |
1511.905 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
2725.598 |
0.000 |
67.425 |
|
Total
Shareholders’ Funds (1) + (2) |
4965.040 |
1356.488 |
1989.789 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
543.000 |
102.170 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
196.620 |
184.103 |
180.451 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
739.620 |
286.273 |
180.451 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
11039.988 |
17298.062 |
18204.369 |
|
(b) Trade payables |
8667.741 |
5692.454 |
3436.347 |
|
(c) Other current
liabilities |
2202.180 |
3014.087 |
2812.131 |
|
(d) Short-term provisions |
188.725 |
204.085 |
92.517 |
|
Total Current Liabilities (4) |
22098.634 |
26208.688 |
24545.364 |
|
|
|
|
|
|
TOTAL |
27803.294 |
27851.449 |
26715.604 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1975.914 |
1715.810 |
1704.924 |
|
(ii) Intangible Assets |
812.410 |
711.726 |
800.542 |
|
(iii) Capital
work-in-progress |
153.411 |
148.247 |
119.773 |
|
(iv)
Intangible assets under development |
554.227 |
549.518 |
434.652 |
|
(b) Non-current Investments |
35.694 |
35.694 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1365.852 |
1133.455 |
688.945 |
|
(e) Other Non-current assets |
1057.013 |
297.223 |
55.811 |
|
Total Non-Current Assets |
5954.521 |
4591.673 |
3804.647 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
13014.056 |
15156.447 |
14091.460 |
|
(c) Trade receivables |
2927.786 |
2598.580 |
4332.589 |
|
(d) Cash and cash
equivalents |
3957.473 |
1515.702 |
2708.404 |
|
(e) Short-term loans and
advances |
1269.104 |
3193.183 |
1249.507 |
|
(f) Other current assets |
680.354 |
795.864 |
528.997 |
|
Total Current Assets |
21848.773 |
23259.776 |
22910.957 |
|
|
|
|
|
|
TOTAL |
27803.294 |
27851.449 |
26715.604 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
97890.390 |
|
|
|
|
|
Other Income |
1682.660 |
|
|
|
|
|
TOTAL (A) |
99573.050 |
85687.700 |
66653.020 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
94937.490 |
84484.060 |
64734.390 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (A-B) (C) |
4635.560 |
1203.640 |
1918.630 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1115.270 |
1492.850 |
863.720 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3520.290 |
(289.210) |
1054.910 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2502.970 |
337.790 |
254.080 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
1017.320 |
(627.000) |
800.830 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
134.360 |
6.300 |
142.920 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
882.960 |
(633.300) |
657.910 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(993.390) |
(360.090) |
(1018.000) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(110.430) |
(993.390) |
(360.090) |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
21.22 |
(15.22) |
15.81 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.89
|
(0.74) |
0.99 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.04
|
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.76
|
(2.31) |
3.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
(0.46) |
0.40 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.33
|
12.83 |
9.15 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.99
|
0.89 |
0.93 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
NOTE:
The Registered office of the company has been shifted from 13, Abdul
Fazal Road, New Delhi – 110001, India to the present address w.e.f. 09.08.2007
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Rupee term loan from bank |
500.000 |
2460.000 |
|
Foreign currency term loans from bank |
5175.375 |
12158.465 |
|
Loans repayable on demand from bank |
2314.474 |
247.424 |
|
Loans and dance from others |
3050.139 |
2432.173 |
|
|
|
|
|
Total |
11039.988 |
17298.062 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90262634 |
10/03/2005 |
550,000.00 |
H.D.F.C. BANK LTD. |
SENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, Maharashtra - 400013,
INDIA |
- |
|
2 |
90262618 |
24/02/2005 |
20,000,000.00 |
STATE BANK OF INDIA |
SAIFABAD S.I.B. BRANCH, HYDERABAD, Andhra Pradesh - 500004, INDIA |
- |
|
3 |
80041726 |
10/01/2005 |
400,000,000.00 |
UTI BANK LTD |
DLF GALLERIA SHOPPING, GURGOAN, - 122002, ALAND ISLANDS |
- |
|
4 |
90262418 |
09/02/2004 |
4,500,000.00 |
STATE BANK OF INDIA |
SAIFABAD S.I.B. BRANCH, HYDERABAD, Andhra Pradesh - 500004, INDIA |
- |
|
5 |
90262212 |
18/04/2005 * |
11,500,000.00 |
STATE BANK OF INDIA |
SAIFABAD S.I.B. BRANCH, HYDERABAD, Andhra Pradesh - 500004, INDIA |
- |
|
6 |
90262207 |
20/10/2002 |
11,500,000.00 |
STATE BANK OF INDIA |
SAIFABAD BRANCH, HYDERABAD, Andhra Pradesh - 500004, INDIA |
- |
|
7 |
90261983 |
28/11/2000 |
2,276,000.00 |
AP INDUSTRIAL DEVELOPMENT CORPORATION |
5 - 9 - 58/B; FATEH MAIDAN ROAD, HYDERABAD, Andhra Pradesh - 500004,
INDIA |
- |
|
8 |
90261903 |
30/06/2001 * |
1,700,000.00 |
STATE BANK OF INDIA |
KHAIRTABAD BRANCH, HYDERABAD, Andhra Pradesh - 500004, INDIA |
- |
Date of charge modification
PERFORMANCE FOR THE YEAR
The company is
pleased to announce that it has achieved a turnover of Rs. 97890.390 millions
(net of excise duty) during the financial year 2011-12, showing a growth of 17%
over previous year. It has reported a net loss of Rs. 1017.320 millions (before
tax) during the current year.
FIXED ASSETS
· Land
Building
Plant
machinery
Office
Equipments
Computer
Equipments
Furniture
fixtures
Vehicles
Leasehold
improvements
Knowhow
Patents
trademarks design
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.62.19 |
|
|
1 |
Rs.102.14 |
|
Euro |
1 |
Rs.84.74 |
INFORMATION DETAILS
|
Report Prepared
by : |
ANK |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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.