MIRA
INFORM REPORT
|
Report Date : |
07.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
ZUARI ROTEM SPECIALITY FERTILIZERS LIMITED |
|
|
|
|
Registered
Office : |
Jai Kisaan Bhawan,
Zuari Nagar, Vasco
– 403726, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
15.11.2007 |
|
|
|
|
Com. Reg. No.: |
24-005489 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.69.150 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U01409GA2007PLC005489 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRZ10952E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACZ3153A |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacture, Distribution, Marketing and |
|
|
|
|
No. of Employees
: |
Information denied by the management. |
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a 50:50 joint venture between Zuari
Agro Chemicals Limited and Rotem Amfert Negev Limited (RANL), Israel. It is an established company having satisfactory track record. There seems some dip in the company’s turnover and profitability
during 2013 however, the company receive strong support from its parent
company. 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 usually 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.
INDIAN ECONOMIC OVERVIEW
N E W S
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a
quarter of a century. The data was below an official estimate of 4.9 % annual
growth and compared with 4.5 % in the last fiscal year. However, the current
account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic
product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A sharp fall in gold imports due to restrictions on
overseas purchases and muted import of capital goods helped shrink the current
account deficit.
Online retailer Flipkart
has acquired fashion portal Myntra as it prepares to
battle with the rapidly expanding India arm of the global e-commerce giant
Amazon. The company raised $ 210 million from Russian Investment firm DST
Global which has also invested in companies like Facebook,
Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune
in the second half of 2014. GM was one of the few global carmakers that was
using its India plant only for the domestic market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward Brown. Google’s brand value shot up 40 % in a year
to $ 158.84 billion. The top 10 of the 100 slots were dominated by US
companies.
Infosys lost another heavy weight when B G Srinivas,
a board member put in his papers. He is the third CEO-hopeful to quit after
Chairman N R Narayana Murthy’s return to the company
– Ashok Vemuri and V Balakrishnan being the other two.While
Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted biggest
quarterly loss – Rs 2153.37 crore
– in the three months ended March 31, mainly because it has been offering
discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala
Police had arrested Pinckney and two company directors on charges of financial
irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies.
China’s action which targets consultancies like McKinsey & Co. and the
Boston Consulting Group, sterns from fears that the first are providing trade
secrets to the US governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy AstraZeneca for nearly $ 118 billion after the latter
refused an offer of 55 pounds a share.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
BBB [Term Loan] |
|
Rating Explanation |
Moderate degree of safety. It carry moderate credit risk. |
|
Date |
March 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
A3+ [Non-Fund Based Limits] |
|
Rating Explanation |
Moderate degree of safety. It carry higher credit risk. |
|
Date |
March 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.
INFORMATION DECLINED BY
|
Name : |
Not Divulged |
|
Designation : |
Operator |
|
Contact No.: |
91-832-2592180 |
|
Date : |
05.07.2014 |
LOCATIONS
|
Registered Office/ Corporate Office/ Factory 1 : |
Jai Kisaan Bhawan,
Zuari Nagar, Vasco
– 403 726, |
|
Tel. No.: |
91-832-2592431/ 2592180 |
|
Mobile No.: |
91-9850033545 (Mr. Suraj Sharma) |
|
Fax No.: |
91-832-2555279 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 2 : |
Located at: ·
Baramati, Maharashtra, India |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Ms. Kirti Mohan Naithani |
|
Designation : |
Director |
|
Address : |
H No. 14, Birch Court, Nirvana Country, Sector 50, Gurgaon - 122001, Haryana,
India |
|
Date of Birth/Age : |
27.07.1952 |
|
Date of Appointment : |
19.11.2007 |
|
DIN No.: |
01156617 |
|
|
|
|
Name : |
Mr. Joseph Zidon |
|
Designation : |
Director |
|
Address : |
No.1, |
|
Date of Birth/Age : |
08.01.1949 |
|
Date of Appointment : |
19.11.2007 |
|
DIN No.: |
01668896 |
|
|
|
|
Name : |
Mr. Naveen Kumar Kapoor |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
B 6, Zil Colony, Zauri
Nagar, Vasco – 403726, Goa,
India |
|
Date of Birth/Age : |
15.09.1953 |
|
Date of Appointment : |
19.11.2007 |
|
DIN No.: |
01680157 |
|
|
|
|
Name : |
Mr. Narayanan Suresh Krishnan |
|
Designation : |
Director appointed in casual vacancy |
|
Address : |
B 1 Zil Residential Colony, Zuari Nagar, Vasco – 403726, Goa,
India |
|
Date of Birth/Age : |
03.06.1964 |
|
Date of Appointment : |
08.08.2012 |
|
DIN No.: |
00021965 |
KEY EXECUTIVES
|
Name : |
Mr. Kaushal Kumar Jaiswal |
|
Designation : |
Manager |
|
Address : |
101, Marvel Vivaldi Lane No 6, Kalyani Nagar Pune – 411006, Maharashtra,
India |
|
Date of Birth/Age : |
24.11.1964 |
|
Date of Appointment : |
09.05.2012 |
|
Pan No.: |
ACJPJ3850C |
|
|
|
|
Name : |
Mr. Sachin Shankar
Patil |
|
Designation : |
Secretary |
|
Address : |
Plot No. 30, Saraf Colony, Tilakwadi, Belgaum – 590006,
Karnataka, India |
|
Date of Birth/Age : |
16.11.1986 |
|
Date of Appointment : |
23.07.2013 |
|
Pan No.: |
BGZPP4332A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2012
|
|
|
No. of Shares |
|
Names of Shareholders Zuari Holdings Limited, India jointly with H.C. Shah |
|
10 |
|
Zuari Holdings Limited, India jointly with Suresh Krishnan |
|
10 |
|
Zuari Holdings Limited, India Jointly with Naveen Kapoor |
|
10 |
|
Zuari Holdings Limited, India jointly with R.Y. Patil |
|
10 |
|
Zuari Holdings Limited, India jointly with B. K. Kinekar |
|
10 |
|
Zuari Holdings Limited, India jointly with B.V. Patil
|
|
10 |
|
Zuari Holdings Limited, India jointly with George Ninan |
|
10 |
|
Zuari
Holdings Limited, India |
|
3457431 |
|
Rotem Amfert Negev
Limited, Israel |
|
3457501 |
|
|
|
|
|
TOTAL
|
|
6915002 |
AS ON 30.09.2013
|
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] |
|
50.00 |
|
Bodies
corporate |
|
50.00 |
|
TOTAL |
|
100.00s |
BUSINESS DETAILS
|
Line of Business : |
Manufacture, Distribution, Marketing and Sale of Fertilizers. |
||||||||
|
|
|
||||||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
|
Poorna19 |
MT |
12,000 |
12,000 |
4,117.525 |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management. |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
Corporation Bank, Vasco -da -Gama Branch, Raghunath Apartments, F. L. Gomes Road, P. B. 86,
Vasco da Gama - 403802, Goa, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
SRBC and Company LLP Chartered Accountant |
|
Address : |
C-401, 4th Floor, Panchshil Tech
Park, Yerwada, Pune - 411006,
Maharashtra, India |
|
PAN No: |
ABSFS4151K |
|
|
|
|
Joint Venture : |
·
Zuari Agro Chemicals Limited (holds 50% equity
share capital) (formerly known as Zuari Holdings
Limited) ·
Rotem Amfert Negev
Limited, Israel (holds 50% equity share capital) |
|
|
|
|
Subsidiary of
Joint Venture : |
Fertilizers and Chemicals Limited , Israel |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs.70.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6915002 |
Equity Shares |
Rs.10/- each
|
Rs.69.150
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 |
69.150 |
69.150 |
69.150 |
|
(b) Reserves &
Surplus |
41.197 |
32.585 |
18.205 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
110.347 |
101.735 |
87.355 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
31.290 |
62.550 |
91.205 |
|
(b) Deferred tax
liabilities (Net) |
17.991 |
14.501 |
9.460 |
|
(c) Other long term
liabilities |
8.523 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.164 |
0.213 |
0.029 |
|
Total Non-current
Liabilities (3) |
57.968 |
77.264 |
100.694 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
120.911 |
40.483 |
0.000 |
|
(b) Trade payables |
139.726 |
23.526 |
79.338 |
|
(c) Other current
liabilities |
36.129 |
37.637 |
36.192 |
|
(d) Short-term provisions |
0.400 |
0.239 |
1.948 |
|
Total Current Liabilities
(4) |
297.166 |
101.885 |
117.478 |
|
|
|
|
|
|
TOTAL |
465.481 |
280.884 |
305.527 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
168.328 |
171.465 |
175.413 |
|
(ii) Intangible Assets |
0.019 |
0.007 |
0.022 |
|
(iii) Capital
work-in-progress |
0.231 |
0.000 |
0.000 |
|
(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 |
7.745 |
6.589 |
8.121 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
176.323 |
178.061 |
183.556 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
87.684 |
59.042 |
106.843 |
|
(c) Trade receivables |
177.794 |
14.577 |
4.475 |
|
(d) Cash and cash
equivalents |
3.315 |
24.318 |
9.613 |
|
(e) Short-term loans and
advances |
20.365 |
4.886 |
0.797 |
|
(f) Other current assets |
0.000 |
0.000 |
0.243 |
|
Total Current Assets |
289.158 |
102.823 |
121.971 |
|
|
|
|
|
|
TOTAL |
465.481 |
280.884 |
305.527 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
406.212 |
506.484 |
459.915 |
|
|
Other Income |
0.746 |
0.562 |
6.620 |
|
|
TOTAL (A) |
406.958 |
507.046 |
466.535 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
268.250 |
293.925 |
174.927 |
|
|
Purchases of
Stock-in-Trade |
81.260 |
37.944 |
221.665 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(31.986) |
41.128 |
(36.192) |
|
|
Employees benefits
expense |
8.193 |
5.682 |
4.140 |
|
|
Other expenses |
40.748 |
77.552 |
56.302 |
|
|
prior period items |
0.440 |
0.280 |
0.341 |
|
|
TOTAL (B) |
366.905 |
456.511 |
421.183 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
40.053 |
50.535 |
45.352 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
17.348 |
20.367 |
14.769 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION (C-D) (E) |
22.705 |
30.168 |
30.583 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
8.040 |
7.707 |
7.647 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
14.665 |
22.461 |
22.936 |
|
|
|
|
|
|
|
Less |
TAX (I) |
6.053 |
8.081 |
7.317 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-I) (J) |
8.612 |
14.380 |
15.619 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD (K) |
NA |
NA |
2.585 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S (J+K+L-M) |
NA |
NA |
18.204 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
307.950 |
265.996 |
381.519 |
|
|
TOTAL IMPORTS |
307.950 |
265.996 |
381.519 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
1.25 |
2.08 |
2.26 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.12 |
2.84 |
3.35 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.61 |
4.43 |
4.99 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.15 |
8.00 |
7.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.22 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.38 |
1.01 |
1.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.97 |
1.01 |
1.04 |
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 |
69.150 |
69.150 |
69.150 |
|
Reserves & Surplus |
18.205 |
32.585 |
41.197 |
|
Net worth |
87.355 |
101.735 |
110.347 |
|
|
|
|
|
|
long-term borrowings |
91.205 |
62.550 |
31.290 |
|
Short term borrowings |
0.000 |
40.483 |
120.911 |
|
Total borrowings |
91.205 |
103.033 |
152.201 |
|
Debt/Equity ratio |
1.044 |
1.013 |
1.379 |
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 |
459.915 |
506.484 |
406.212 |
|
|
|
10.126 |
(19.798) |
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 |
459.915 |
506.484 |
406.212 |
|
Profit |
15.619 |
14.380 |
8.612 |
|
|
3.40% |
2.84% |
2.12% |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF CURRENT MATURITIES OF LONG TERM
DEBT:
|
Particulars |
31.03.2013 [Rs.
in millions] |
31.03.2012 [Rs.
in millions] |
31.03.2011 [Rs.
in millions] |
|
|
|
|
|
|
Current
Maturities of Long Term Debt |
31.260 |
31.260 |
31.260 |
|
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 |
Yes |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10172091 |
23/01/2012 * |
210,700,000.00 |
Corporation Bank |
Vasco -da -Gama Branch, Raghunath Apartments, F. |
B32152936 |
* Date of charge modification
|
Unsecured Loan |
As
on 31.03.2013 [Rs. in Millions] |
As
on 31.03.2012 [Rs. in Millions] |
|
Short Term
Borrowings |
|
|
|
Working Capital Loans From Banks |
50.000 |
0.000 |
|
TOTAL
|
50.000 |
0.000 |
CORPORATE INFORMATION:
Subject was incorporated on
November 15, 2007 under the Companies Act, 1956 with its registered office at Jaikisan Bhawan, Zuari Nagar, Goa.
The Company was formed as a joint venture pursuant to the agreement between Rotem Amfert Negev Limited (Rotem) and Zuari Industries
Limited (Zuari) dated August 3, 2007 with both Rotem and Zuari holding 50% each
in the equity share capital of the Company. Rotem has
the experience and knowhow for manufacture of Solid
Water Soluble Fertilizers and related products and Zuari
has necessary experience in manufacture, distribution, marketing and sale of
fertilizers. The joint venture was entered into for conducting business in
manufacturing, trading and marketing of fertilizer products for mutual benefit
of both the parties. The manufacturing facilities of the Company are located at
Baramati, near Pune in Maharashtra and the Company commenced its commercial
production from March 27, 2010.
FIXED ASSETS:
· Land
· Plant and Equipment
· Computer Software
· Leasehold Land
· Furniture and Fixtures
· Factory Building
· Plant and Machinery
· Lab Equipments
· Office Equipments
· Computers
· 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.59.79 |
|
|
1 |
Rs.102.66 |
|
Euro |
1 |
Rs.81.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
|
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.