1. Summary Information
|
Country |
India |
||
|
Company Name |
SHANTHI FEEDS
PRIVATE LIMITED |
Principal Name 1 |
Mr. Ramasamy Lakshmanan |
|
Status |
Satisfactory |
Principal Name 2 |
Mrs. Lakshmanan Shanthi |
|
Registration # |
18-012707 |
||
|
Street Address |
6/15, Main Road,
Pappampatti, Ondipudur (Via), Coimbatore – 641 016, Tamilnadu |
||
|
Established Date |
10.04.2006 |
SIC Code |
-- |
|
Telephone# |
91-422-2635000/ 3095000 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-422-2635053/ 3095035 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Poultry Products |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
RS.150,000,000/-
|
Product Name 3 |
-- |
|
Shareholders |
Directors
Or Relatives Of Directors-100% |
Banking |
State Bank of India |
|
Public Limited Corp. |
No |
Business Period |
8 YEARS |
|
IPO |
No |
International Ins. |
-- |
|
Public Enterprise |
No |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Related
Party |
India
|
SN Agro Farms and Products India Private Limited |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,699,956,000
|
Current Liabilities |
739,209,000
|
|
Inventories |
1,106,889,000
|
Long-term Liabilities |
1,067,787,000 |
|
Fixed Assets |
977,511,000 |
Other Liabilities |
548,002,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
2,354,998,000 |
|
Invest& other Assets |
240,733,000 |
Retained Earnings |
1,520,091,000 |
|
|
|
Net Worth |
1,670,091,000 |
|
Total Assets |
4,025,089,000 |
Total Liab. & Equity |
4,025,089,000 |
|
Total Assets (Previous Year) |
3,050,990,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Total Income |
10,570,241,000 |
Net Profit |
244,426,000 |
|
Total Income (Previous
yr) |
8,443,970,000 |
Net Profit(Prev.yr) |
275,563,000 |
MIRA INFORM REPORT
|
Report Date : |
22.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
SHANTHI FEEDS
PRIVATE LIMITED (w.e.f. 01.08.2012) |
|
|
|
|
Formerly Known
As : |
SHANTHI POULTRY FARM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
6/15, Main Road,
Pappampatti, Ondipudur (VIA), Coimbatore – 641 016, Tamilnadu |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
10.04.2006 |
|
|
|
|
Com. Reg. No.: |
18-012707 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.150.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U01222TZ2006PTC012707 |
|
|
|
|
TIN No.: |
33686243656 |
|
|
|
|
CST No.: |
752757 dated 11.04.2006 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAJCS8030J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Poultry Products and also engaged in power generation. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 6000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Overall financial position of the company appears to be decent. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be usually correct. The company can be considered for business dealing 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 (30.06.2013) |
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
State-run banks hired nearly
300000 personnel including more than 94000 officers in the last four years,
according to the Indian Banks Association. A study by trade lobby Assocham in
September 2013 indicated that banks would need 800000 people in the next six
years. It estimated that state-run lenders alone would hire 50000 people in
2013/14.
The Competition Commission of
India plans to issue final orders within a broad time-frame of one year in
matters where it decides to carry out detailed investigations. The number of
complaints received by the watchdog which keeps tabs on unfair trade practices
in the market place.
The government has detected
custom tax evasion totaling around Rs 37920 mn in 14 states until December. Maharashtra
topped the list of Rs 14190 mn followed by Andhra Pradesh at Rs 8140 mn,
Gujarat Rs 5240 mn, Karnataka Rs 1670 mn and Tamilnadu Rs 1610 mn.
Connaught Place in New Delhi
slipped four notches to become the world’s eighth most expensive office locations.
London’s West End is the world’s most expensive office market.
There are 4.072 mn number of
high value spenders under the scanner of the income tax department. The income
tax department has information that they have made cash deposits announcing to
Rs 1 mn or more in their savings bank accounts in the current financial year.
It plans to check potential evasion before the closing of the financial year on
March 31.
Estimated pharmaceutical sales
in the country for 2016 is $ 27 bn. It is 14.4 per cent higher than a year ago.
The life sciences and health care industry is up against challenges such as
quality management, says a recent Deloitte report.
The gross non-performing assets
of listed banks rose 35.2 % to Rs 2.43 lakh crore during the first three months
of the financial year. In absolute terms, the 40 listed banks added Rs 3386
crore to their gross NPAs in nine months with the State Bank of India leading
with the State Bank of India leading with an accretion of Rs 16610 crore.
The inflow of smuggled gold
doubled in 2013 following restrictions to curb the supply from official
channels to contain the current account deficit. China surpassed India in the
demand for gold for the first time in 2013 due to liberalization of gold
trading norms by its local governments.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities=BBB |
|
Rating Explanation |
Moderate credit quality and average credit risk. |
|
Date |
08.11.2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term bank Facilities=A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
08.11.2013 |
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 : |
Mr. Ramasamy Lakshmanan |
|
Designation : |
Managing Director |
|
Contact No.: |
91-422-2635060 / 5000 |
|
Date : |
15.03.2014 |
LOCATIONS
|
Registered Office : |
6/15, Main Road,
Pappampatti, Ondipudur (VIA), Coimbatore – 641 016, Tamilnadu, India |
|
Tel. No.: |
91-422-2635000/ 3095000 / 2635060 / 5000 |
|
Fax No.: |
91-422-2635053/ 3095035 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Chicken Processing Unit : |
Athimarathuvalasu, Palani Taluk Dindigul District – 624 417,
Tamilnadu, India |
|
E-Mail : |
DIRECTORS
AS ON 04.07.2013
|
Name : |
Mr. Ramasamy Lakshmanan |
|
Designation : |
Managing Director |
|
Address : |
6/14A, Main Road, Pappampatti, Coimbatore – 641 016, Tamilnadu, India |
|
Date of Birth/Age : |
28.12.1960 |
|
Qualification : |
Bachelor of Science |
|
Experience : |
29 Years |
|
Date of Appointment : |
10.04.2006 |
|
DIN No.: |
01817913 |
|
PAN No.: |
AARPL8446J |
|
|
|
|
Name : |
Mrs. Lakshmanan Shanthi |
|
Designation : |
Whole Time Director |
|
Address : |
6/14A, Main Road, Pappampatti, Coimbatore – 641 016, Tamilnadu, India |
|
Date of Birth/Age : |
04.06.1972 |
|
Date of Appointment : |
01.04.2007 |
|
DIN No.: |
01817892 |
|
PAN No.: |
ALMPS1532N |
KEY EXECUTIVES
|
Name : |
K.
Gunasekaran |
|
Designation : |
General
Manager |
|
|
|
|
Name : |
M.K.
Sabhapathe |
|
Designation : |
General
Manager - Processing Division |
MAJOR SHAREHOLDERS
AS ON 04.07.2013
|
Name
of Shareholders |
No.
of Shares |
%age |
|
Ramasamy Lakshmanan |
750,000 |
50.00 |
|
Lakshmanan Shanthi |
375,000 |
25.00 |
|
L. Saravanan |
375,000 |
25.00 |
|
TOTAL |
1,500,000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 04.07.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Poultry Products and also engaged in power generation. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
State Bank of
India, Commercial Branch, 1443, Trichy Road, Coimbatore – 641 018, Tamilnadu,
India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
TDR and Associates Chartered Accountants |
|
Address : |
No.35 (Old
No.63) Kattoor Road, Papanaickenpalayam, Coimbatore – 641 037, Tamilnadu,
India |
|
Income-tax
PAN of auditor or auditor's firm : |
AIOPD8235G |
|
|
|
|
Related Parties : |
SN Agro Farms
and Products India Private Limited, India (CIN No.:
U01122TZ2001PTC009825) |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.100/- each |
Rs.250.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.100/- each |
Rs.150.000
millions |
|
|
|
|
|
AS ON 04.07.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.100/- each |
Rs.250.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital : Rs. 250.000 Millions
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
150.000 |
|
(b) Reserves & Surplus |
|
|
1520.091 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
1670.091 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
105.183 |
|
(b) Deferred tax liabilities (Net) |
|
|
41.711 |
|
(c) Other long term
liabilities |
|
|
0.000 |
|
(d) long-term
provisions |
|
|
15.589 |
|
Total Non-current
Liabilities (3) |
|
|
162.483 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
|
962.604 |
|
(b) Trade
payables |
|
|
623.231 |
|
(c) Other
current liabilities |
|
|
115.978 |
|
(d) Short-term
provisions |
|
|
490.702 |
|
Total Current
Liabilities (4) |
|
|
2192.515 |
|
|
|
|
|
|
TOTAL |
|
|
4025.089 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
|
976.005 |
|
(ii)
Intangible Assets |
|
|
1.506 |
|
(iii)
Capital work-in-progress |
|
|
240.733 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.000 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
5.974 |
|
(e) Other
Non-current assets |
|
|
0.000 |
|
Total Non-Current
Assets |
|
|
1224.218 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
1106.889 |
|
(c) Trade
receivables |
|
|
629.601 |
|
(d) Cash
and cash equivalents |
|
|
376.552 |
|
(e)
Short-term loans and advances |
|
|
682.902 |
|
(f) Other
current assets |
|
|
4.927 |
|
Total
Current Assets |
|
|
2800.871 |
|
|
|
|
|
|
TOTAL |
|
|
4025.089 |
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
50.000 |
50.000 |
|
|
2] Share Application Money Pending Allotment |
|
100.000 |
100.000 |
|
|
3] Reserves & Surplus |
|
1275.665 |
874.851 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
1425.665 |
1024.851 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
551.122 |
496.135 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
551.122 |
496.135 |
|
|
DEFERRED TAX LIABILITIES |
|
46.791 |
45.681 |
|
|
|
|
|
|
|
|
TOTAL |
|
2023.578 |
1566.667 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
937.682 |
796.765 |
|
|
Capital work-in-progress |
|
94.747 |
35.857 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
818.723
|
718.264 |
|
|
Sundry Debtors |
|
556.453
|
380.056 |
|
|
Cash & Bank Balances |
|
110.967
|
61.666 |
|
|
Other Current Assets |
|
0.456
|
0.000 |
|
|
Loans & Advances |
|
531.962
|
249.552 |
|
Total
Current Assets |
|
2018.561
|
1409.538 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
482.760
|
323.033 |
|
|
Other Current Liabilities |
|
163.703
|
108.474 |
|
|
Provisions |
|
380.949
|
243.986 |
|
Total
Current Liabilities |
|
1027.412
|
675.493 |
|
|
Net Current Assets |
|
991.149
|
734.045 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
2023.578 |
1566.667 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
10570.241 |
8443.970 |
6928.443 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
10012.295 |
7868.474 |
6159.311 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
557.946 |
575.496 |
769.132 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
76.142 |
63.082 |
48.290 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
481.804 |
512.414 |
720.842 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
120.458 |
103.241 |
88.148 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
361.346 |
409.173 |
632.694 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
116.920 |
133.610 |
224.402 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) AFTER
TAX (G-H) (I) |
244.426 |
275.563 |
408.292 |
|
|
|
|
|
|
|
|
|
Add |
PRIOR PERIOD
ITEMS |
0.000 |
125.251 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1275.665 |
874.851 |
466.559 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1520.091 |
1275.665 |
874.851 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
94.713 |
93.513 |
Nil |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
162.95 |
551.13 |
816.58 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.31
|
3.26
|
5.89 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.56
|
13.84
|
28.68 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22
|
0.29
|
0.62 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.64
|
0.39
|
0.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28
|
1.96
|
2.09 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
|
|
(INR
in Mlns.) |
|
Share Capital |
150.000 |
|
Share Application Money |
0.000 |
|
Reserves & Surplus |
1,520.091 |
|
Net
worth |
1,670.091 |
|
|
|
|
long-term borrowings |
105.183 |
|
Short term borrowings |
962.604 |
|
Total
borrowings |
1,067.787 |
|
Debt/Equity
ratio |
0.639 |
YEAR ON YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Total Income |
6,928.443 |
8,443.970 |
10,570.241 |
|
|
|
21.874 |
25.181 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR) |
(INR) |
(INR) |
|
Total Income |
6,928.443 |
8,443.970 |
10,570.241 |
|
Profit |
408.292 |
275.563 |
244.426 |
|
|
5.89% |
3.26% |
2.31% |
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 |
Yes |
|
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] |
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 |
10328352 |
30/06/2009 |
1,655,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38 A, NARIMAN BHAVAN, 227,NARIMAN POINT, MUMBAI – 400 021, MAHARASHTRA, INDIA |
A68879121 |
|
2 |
10107534 |
23/05/2008 |
2,085,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38 A, NARIMAN BHAVAN, 227,NARIMAN POINT, MUMBAI – 400 021, MAHARASHTRA, INDIA |
A40469397 |
|
3 |
10107532 |
14/05/2008 |
562,720.00 |
KOTAK MAHINDRA PRIME LIMITED |
36-38 A, NARIMAN BHAVAN, 227,NARIMAN POINT, MUMBAI – 400 021, MAHARASHTRA, INDIA |
A40468456 |
|
4 |
10056975 |
28/05/2007 |
492,250.00 |
KOTAK MAHINDRA PRIME LIMITED |
1054 - 33, GOWTHAM CENTRE ANNEXURE, 3RD FLOOR, AVINASHI ROAD, COIMBATORE – 641 018, TAMIL NADU, INDIA |
A16837122 |
|
5 |
10056976 |
28/05/2007 |
492,250.00 |
KOTAK MAHINDRA PRIME LIMITED |
1054 - 33, GOWTHAM CENTRE ANNEXURE, 3RD FLOOR, AVINASHI ROAD, COIMBATORE – 641 018, TAMIL NADU, INDIA |
A16837270 |
|
6 |
10056971 |
09/05/2007 |
680,000.00 |
KOTAK MAHINDRA BANK LIMITED |
1054 - 33, GOWTHAM CENTRE ANNEXURE, 3RD FLOOR, AVINASHI ROAD, COIMBATORE – 641 018, TAMIL NADU, INDIA |
A16836421 |
|
7 |
10056973 |
09/05/2007 |
680,000.00 |
KOTAK MAHINDRA BANK LIMITED |
1054 - 33, GOWTHAM CENTRE ANNEXURE, 3RD FLOOR, AVINASHI ROAD, COIMBATORE – 641 018, TAMIL NADU, INDIA |
A16836645 |
|
8 |
10056974 |
09/05/2007 |
680,000.00 |
KOTAK MAHINDRA BANK LIMITED |
1054 - 33, GOWTHAM CENTRE ANNEXURE, 3RD FLOOR, AVINASHI ROAD, COIMBATORE – 641 018, TAMIL NADU, INDIA |
A16836876 |
|
9 |
10036748 |
21/12/2006 |
3,350,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A NARIMANBHAVAN, 227,D,NARIMAN POINT, MUM, 21, W.E.F. 29.01.2001, MUMBAI – 400 021, MAHARASHTRA, INDIA |
A10449452 |
|
10 |
10026929 |
18/12/2012 * |
972,400,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH,
1443, TRICHY ROAD, COIMBATORE – 641 018, |
B67041053 |
* Date of charge modification
FIXED ASSETS:
·
Land
·
Buildings
·
Factory Building
·
Plant and Equipment
·
Factory Equipments
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l Anti-Money
Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.04 |
|
|
1 |
Rs.100.80 |
|
Euro |
1 |
Rs.84.17 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
45 |
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.