|
Report Date : |
08.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
BOMMIDALA ENTERPRISES PRIVATE
LIMITED |
|
|
|
|
Registered
Office : |
8-24-53, Bommidala House, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
13.06.1996 |
|
|
|
|
Com. Reg. No.: |
01- 024340 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.1.354 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U16000AP1996PTC024340 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Tobacco and Cigarettes and are the
distributors of leading brands in liquor and spirits. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of the BBM Bommidala group. It is one of Subject is a well-established company having a satisfactory track
record. Management of the company has failed to file its financials for the
year 2013 with the government department. As per previous year’s record, there appear dip in the profit of the
company. However, financial position of the company seems strong. Company gets
good support from its holding companies. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct and as per commitment. The company can be considered for normal 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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
India’s current
account deficit narrowed in the quarter ended September as government measures
to curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million estimated
losses suffered by India due to phishing attacks during the third quarter,
according to a study by RSA. India ranks fourth in the list of nations hit by
phishing attacks. The US remained at the top of the charts. Phishing is the
process of acquiring information such as user names, passwords and credit card
details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of
transactions has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund Based Facilities (Sub Limits)=BBB+ |
|
Rating Explanation |
Have moderate degree of safety and carry moderate
credit risk. |
|
Date |
May 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non Fund Based Facilities=A2+ |
|
Rating Explanation |
Have strong degree of safety and carry low
credit risk. |
|
Date |
May 2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
8-24-53, Bommidala House, |
|
Tel. No.: |
91- 863- 2356772 |
|
Fax No.: |
91- 863- 2356771 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 23.09.2011
|
Name : |
Mr. Bhanu Murthy Bommidala |
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|
Designation : |
Chairman Cum Managing Director |
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|
Address : |
B Bhanu Murthy, Bommidala
House, Mangalgiri Road Guntur-522006 Andhra Pradesh, India |
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Date of Birth/Age : |
10.07.1931 |
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|
Date of Appointment : |
13.06.1996 |
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DIN No.: |
01190364 |
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Other Directorship:
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|
Name : |
Mr. Sriman Narayana Bommidala |
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Designation : |
Director |
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|
Address : |
B V S Narayana, DNO-4-5-7/1,
Sri Lakshmi Nilayam, Ring Road, Guntur-522006, Andhra Pradesh, India |
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Date of Birth/Age : |
17.06.1960 |
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|
Date of Appointment : |
13.06.1996 |
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DIN No.: |
00915929 |
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Other Directorship:
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Name : |
Mr. Venkata Sri Raja Prasad Bommidala |
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Designation : |
Director |
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|
Address : |
S/O B Bhanu Murthy, 8-2-293/82/A/1322, Jubilee Hills Hyderabad-500033
Andhra Pradesh, India |
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Date of Birth/Age : |
20.07.1971 |
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Date of Appointment : |
13.06.1996 |
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DIN No.: |
01734681 |
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Other Directorship:
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Name : |
Mr. Venkata Srikoti Ratnam Bommidala |
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Designation : |
Director |
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|
Address : |
B V S K Ratnam, 4-5-7 Lalithananda Nagar, Ring Road, Guntur-522006,
Andhra Pradesh, India |
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Date of Birth/Age : |
20.05.1963 |
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Date of Appointment : |
13.06.1996 |
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DIN No.: |
01735096 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS
AS ON 23.01.2011
|
Names of Shareholders |
|
No. of Shares |
|
Bommidala Brothers (Private) Limited, India Represented by B Bhanu Murthy |
|
11300 |
|
Bommidala Brothers (Private) Limited, India Nominees by B V S Narayana |
|
100 |
|
|
|
|
|
Total |
|
11400 |
LIST OF ALLOTEES:
AS ON 30.03.2012
|
Names of Shareholders |
|
No. of Shares |
|
Bommidala Bhanu Murthy |
|
124000 |
|
|
|
|
|
Total |
|
124000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 23.09.2011
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Tobacco and Cigarettes and are the
distributors of leading brands in liquor and spirits. |
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|
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|
Products : |
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GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
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|
Bankers : |
Andhra Bank, Guntur Main Branch, Gowri Shankar Theatre Road, Guntur –
522 001, Andhra Pradesh, India |
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Facilities : |
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|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Brahmayya and Company Chartered Accountant |
|
Address : |
10-3-21, Sambasivpet,
Guntur-522001, |
|
PAN No.: |
AADFB8032G |
|
|
|
|
Holding company
: |
Bommidala Brothers (Private) Limited |
|
|
|
|
Fellow
subsidiaries : |
·
Bommidala Sriram agro traders (Private) Limited ·
Bommidala Purnaiah holdings (Private) Limited ·
Bommidala Ventures (Private) Limited ·
Bommidala Trading company (Private) Limited |
|
Subsidiaries : |
·
Akshat Overseas (Private)Limited [U51505DL1997PTC090786]
·
Parcin Chemicals Limited |
|
Entities in
which key management personnel (or) their relatives are interested : |
·
Premier Tobacco Packers Private Limited ·
Bommidala Florex Limited ·
Bommidala Industries Limited ·
Hilton Tobacco Private Limited ·
Maxwell Health Foods Private Limited [U15494AP1986PTC006151] ·
Bio-pharma Laboratories Private Limited [U24230AP1957PTC000769] ·
Hilton Tobaccos ·
Rajeswari Warehousing Complex |
|
Entities in
which company is a partner : |
·
Bommidala Enterprises ·
Bommidala Brothers ·
Bommidala Purnaiah |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
270000 |
Equity Shares |
Rs.10/- each |
Rs.2.700 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
135400 |
Equity Shares |
Rs.10/- each |
Rs.1.354 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 |
|
1.354 |
0.114 |
|
(b) Reserves & Surplus |
|
664.396 |
622.480 |
|
(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) |
|
665.750 |
622.594 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.215 |
|
(b) Deferred tax liabilities (Net) |
|
14.994 |
0.000 |
|
(c) Other long term liabilities |
|
0.443 |
0.443 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
15.437 |
0.658 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
66.605 |
99.742 |
|
(b) Trade payables |
|
175.588 |
92.534 |
|
(c) Other current
liabilities |
|
125.207 |
101.103 |
|
(d) Short-term provisions |
|
60.260 |
46.229 |
|
Total Current Liabilities (4) |
|
427.660 |
339.608 |
|
|
|
|
|
|
TOTAL |
|
1108.847 |
962.860 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
147.547 |
77.917 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
76.752 |
|
(iv) Intangible
assets under development |
|
134.094 |
42.484 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
3.705 |
|
(d) Long-term Loan and Advances |
|
0.636 |
0.441 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
282.277 |
201.299 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
201.019 |
108.761 |
|
(c) Trade receivables |
|
326.684 |
251.698 |
|
(d) Cash and cash
equivalents |
|
139.758 |
177.476 |
|
(e) Short-term loans and
advances |
|
159.109 |
223.626 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
826.570 |
761.561 |
|
|
|
|
|
|
TOTAL |
|
1108.847 |
962.860 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.114 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
572.720 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
572.834 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
77.166 |
|
|
2] Unsecured Loans |
|
|
1.241 |
|
|
TOTAL BORROWING |
|
|
78.407 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
651.241 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
83.522 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
149.195 |
|
|
DEFERRED TAX ASSETS |
|
|
1.510 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
98.391 |
|
|
Sundry Debtors |
|
|
250.075 |
|
|
Cash & Bank Balances |
|
|
145.160 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
187.019 |
|
Total
Current Assets |
|
|
680.645 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
128.307 |
|
|
Other Current Liabilities |
|
|
104.446 |
|
|
Provisions |
|
|
30.878 |
|
Total
Current Liabilities |
|
|
263.631 |
|
|
Net Current Assets |
|
|
417.014 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
651.241 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
NA |
1611.361 |
|
|
|
Other Income |
NA |
NA |
70.844 |
|
|
|
TOTAL |
NA |
NA |
1682.205 |
|
|
|
|
|
|
|
|
Less |
TOTAL EXPENSES |
NA |
N.A |
1604.244 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
104.452 |
87.480 |
77.961 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
29.805 |
22.469 |
19.986 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
74.647 |
65.011 |
57.975 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
32.732 |
15.251 |
10.577 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(E-F) |
41.915 |
49.760 |
47.398 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
229.693 |
184.933 |
142.535 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
5.000 |
5.000 |
|
|
BALANCE CARRIED
TO THE B/S |
271.608 |
229.693 |
184.933 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
309.56 |
4163.22 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
NA |
2.82 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
3.60 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.66
|
7.74 |
7.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11
|
0.02 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.10
|
0.16 |
0.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.93
|
2.24 |
2.58 |
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
one 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 |
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 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10402353 |
28/12/2012 |
500,000,000.00 |
ICICI
BANK LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA -
390015, GUJARAT, INDIA |
B67867622 |
|
2 |
10142072 |
22/03/2010
* |
170,000,000.00 |
ANDHRA
BANK |
GUNTUR
MAIN BRANCH, GOWRI SHANKAR THEATRE ROAD, GUNTUR - 522001, ANDHRA PRADESH,
INDIA |
A83310094 |
|
3 |
10036617 |
18/12/2006 |
21,500,000.00 |
ANDHRA
BANK |
MAIN
BRANCH, GOWRI SANKAR THEATRE ROAD, GUNTUR - 522001, ANDHRA PRADESH, INDIA |
A10287894 |
|
4 |
90118096 |
22/03/2010
* |
350,000,000.00 |
ANDHRA
BANK |
GUNTUR
MAIN BRANCH, GOWRI SHANKAR THEATRE ROAD, GUNTUR - 522001, ANDHRA PRADESH,
INDIA |
A83310896 |
* Date of charge modification
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.62.38 |
|
|
1 |
Rs.102.25 |
|
Euro |
1 |
Rs.84.97 |
INFORMATION DETAILS
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
|
43 |
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.