MIRA INFORM REPORT
|
Report Date : |
07.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
TUNIP AGRO LIMITED (w.e.f. 29.01.2008) |
|
|
|
|
Formerly Known
As : |
TUNIP AGRO PRIVATE LIMITED |
|
|
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|
Registered
Office : |
107 and 108,
Commerce House, 140, Nagindas Master Road, Mumbai – 400023, Maharashtra |
|
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
03.09.2004 |
|
|
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Com. Reg. No.: |
11-148387 |
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|
Capital
Investment / Paid-up Capital : |
Rs.198.876
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15100MH2004PLC148387 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCT0817D |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of Fruit Juice. |
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|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1900000 |
|
|
|
|
Status : |
Moderate |
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|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. Profitability of the company is low. However, trade relation are fair. Business is active. Payment terms are
slow but correct. The company can be considered for business dealing with some caution. |
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
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may grow
4.7 % in the current financial year, lower than the official estimate of 4.9 %,
Fitch Rating said. The global rating agency expects the economy to pick up in
the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
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 DENIED BY
|
Name : |
Mr. Leo |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-22630895 |
|
Date : |
06.05.2014 |
LOCATIONS
|
Registered Office : |
107 and 108,
Commerce House, 140, Nagindas Master Road, Mumbai – 400023, Maharashtra, India |
|
Tel. No.: |
91-22-40736300/ 40736322 |
|
Fax No.: |
91-22-22630696 |
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E-Mail : |
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|
Website : |
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Head Office : |
712/713/714, Trade World Building, 7th Floor, C Wing,
Kamala Mill Compound, S.B. Marg, Lower Parel (West), Mumbai – 400013,
Maharashtra, India |
|
|
|
|
Factory 1 : |
C/O Schreiber Dynamix Dary Limited E-94, MIDC, Phigwan Road, Baramati,
Pune – 413133, Maharashtra, India |
|
|
|
|
Factory 2 : |
144,1st Floor, JP Nagar, Co-Operative Housing Society, Hanta Nagar,
Bhayander (West), Mumbai - 401101, Maharashtra, India |
|
Tel. No.: |
91-22-22630895 |
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Siddhant Tulsidas Goyal |
|
Designation : |
Managing director |
|
Address : |
Upahar Building 7th Floor, Siri Road, Chiranpilal Loyalka Marg,
Chowpatty, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
02.07.1984 |
|
Qualification : |
Bachelor of
Business Administration, Boston University |
|
Date of Appointment : |
23.10.2006 |
|
PAN No.: |
AKLPG0587D |
|
DIN No.: |
01164889 |
|
|
|
|
Name : |
Mrs. Neeta Tulsidas Goyal |
|
Designation : |
Whole-time director |
|
Address : |
Upahar Building 7th Floor, Siri Road, Chiranpilal Loyalka Marg,
Chowpatty, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
17.11.1960 |
|
Qualification : |
Bachelors of
Arts (Economics) |
|
Date of Appointment : |
04.12.2007 |
|
PAN No.: |
AAFPG6489C |
|
DIN No.: |
00655827 |
|
|
|
|
Name : |
Mr. Ghulam Mohammed Ghouse |
|
Designation : |
Director |
|
Address : |
8-A, Picachilly Flats, Clare Road, Byculla, Mumbai – 400008,
Maharashtra, India |
|
Date of Birth/Age : |
21.11.1948 |
|
Qualification : |
Bachelors of
Arts (Economics) Honors |
|
Date of Appointment : |
01.12.2009 |
|
DIN No.: |
00591038 |
|
|
|
|
Name : |
Mr. Satyabir Pabitra Kumar Bhattacharyya |
|
Designation : |
Director |
|
Address : |
304, Krishna Kunj, Gokuldham, Goregaon [East], Dindoshi, Mumbai – 400063, Maharashtra, India |
|
Date of Birth/Age : |
02.10.1950 |
|
Qualification : |
M. Sc. London
School of Economics |
|
Date of Appointment : |
01.12.2009 |
|
DIN No.: |
01522689 |
|
|
|
|
Name : |
Mr. Rajendra Badrinarayan Barwale |
|
Designation : |
Director |
|
Address : |
72-B, Urvashi Petit Estate, Nepean Sea Road, Mumbai – 400006,
Maharashtra, India |
|
Date of Birth/Age : |
12.12.1955 |
|
Qualification : |
B. Sc. (Hons.)
Agriculture (Ag & AH) |
|
Date of Appointment : |
25.10.2010 |
|
DIN No.: |
00001678 |
|
|
|
|
Name : |
Mr. Uday Garg |
|
Designation : |
Director |
|
Address : |
62, Jupiter Apartment, Altamount Road, Mumbai – 400026, Maharashtra,
India |
|
Date of Birth/Age : |
12.01.1979 |
|
Date of Appointment : |
25.10.2010 |
|
PAN No.: |
B.S. in
Economics with a concentration in Finance from the Wharton School |
|
DIN No.: |
03285941 |
|
|
|
|
Name : |
Mr. Manoj Dwarkanath Thakur |
|
Designation : |
Additional director |
|
Address : |
503, 5th Floor, 20 Mhada Project, 55, Oshiwara, Andheri
[West], Mumbai, Maharashtra, India |
|
Date of Birth/Age : |
08.08.1956 |
|
Date of Appointment : |
20.04.2012 |
|
DIN No.: |
01372581 |
|
|
|
|
Name : |
Mr. Sudesh Ganesh Kamath |
|
Designation : |
Additional director |
|
Address : |
4, Jeevan Jyoti Society, Lalubhai Park Road, Andheri, Mumbai,
Maharashtra, India |
|
Date of Birth/Age : |
27.03.1971 |
|
Date of Appointment : |
20.04.2012 |
|
DIN No.: |
03101885 |
KEY EXECUTIVES
|
Name : |
Mr. Siddhant |
|
Designation : |
Head of Export Import Department |
|
|
|
|
Name : |
Mr. Leo |
|
Designation : |
Accounts Department |
|
Date of Appointment : |
25.01.2010 |
|
PAN No.: |
BGOPS0123F |
MAJOR SHAREHOLDERS
As on 28.09.2012
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2012
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
5.03 |
|
Bodies corporate |
39.21 |
|
Directors or relatives of Directors |
53.28 |
|
Other top fifty shareholders |
2.48 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Fruit Juice. |
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Products : |
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GENERAL INFORMATION
|
No. of Employees : |
Information denied by management |
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Bankers : |
Not Divulged |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Pankaj Dalal and
Associates Chartered Accountants |
|
Address : |
Saraswati Niwas,
French Bridge, Mumbai – 400007, Maharashtra, India |
|
PAN No.: |
AACPD7494D |
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|
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Subsidiary
Company: |
TuniP Lanka Private Limited |
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|
|
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Joint
Venture : |
Indo Lanka Exports Private Limited |
CAPITAL STRUCTURE
As on 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs.300.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
19887583 |
Equity Shares |
Rs.10/- each |
Rs.198.876
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 |
199.876 |
177.626 |
165.126 |
|
(b) Reserves & Surplus |
275.523 |
209.836 |
172.246 |
|
(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) |
475.399 |
387.462 |
337.372 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
854.504 |
95.711 |
48.187 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
854.504 |
95.711 |
48.187 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
0.362 |
2.451 |
7.258 |
|
(b) Trade
payables |
33.564 |
10.371 |
5.019 |
|
(c) Other
current liabilities |
18.340 |
7.914 |
7.355 |
|
(d) Short-term
provisions |
15.728 |
14.114 |
14.270 |
|
Total Current
Liabilities (4) |
67.994 |
34.850 |
33.902 |
|
|
|
|
|
|
TOTAL |
1397.897 |
518.023 |
419.461 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
5.474 |
2.384 |
0.277 |
|
(ii)
Intangible Assets |
65.772 |
65.772 |
65.772 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
17.664 |
11.903 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1,212.028 |
103.413 |
114.887 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1,300.938 |
183.472 |
180.936 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
49.431 |
171.585 |
114.895 |
|
(c) Trade
receivables |
11.052 |
132.502 |
96.132 |
|
(d) Cash
and cash equivalents |
16.610 |
5.408 |
1.483 |
|
(e)
Short-term loans and advances |
5.313 |
13.788 |
14.932 |
|
(f) Other
current assets |
13.553 |
11.268 |
11.083 |
|
Total
Current Assets |
95.959 |
334.551 |
238.525 |
|
|
|
|
|
|
TOTAL |
1,396.897 |
518.023 |
419.461 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
1,089.997 |
737.641 |
606.873 |
|
|
|
|
Other Income |
130.589 |
0.179 |
0.398 |
|
|
|
|
TOTAL (A) |
1,220.586 |
737.820 |
607.271 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
45.718 |
70.839 |
23.829 |
|
|
|
|
Purchase of Stock-in-trade |
688.909 |
500.405 |
455.588 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
115.426 |
-49.889 |
-52.042 |
|
|
|
|
Employee Benefits Expenses |
25.877 |
14.467 |
17.663 |
|
|
|
|
Other Expenses |
209.768 |
177.056 |
131.109 |
|
|
|
|
TOTAL (B) |
1,085.698 |
712.878 |
576.147 |
|
|
|
|
|
|
|
||
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
134.888 |
24.942 |
31.124 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
129.307 |
20.338 |
10.482 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
5.581 |
4.604 |
20.642 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
2.031 |
1.463 |
0.713 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
3.550 |
3.141 |
19.929 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
1.613 |
3.050 |
6.625 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
1.937 |
0.091 |
13.304 |
||
|
|
|
|
|
|
||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
26.334 |
26.243 |
12.940 |
||
|
|
|
|
|
|
||
|
|
BALANCE CARRIED
TO THE B/S |
28.271 |
26.334 |
26.243 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Export Earnings |
0.000 |
7.574 |
4.882 |
|
|
|
TOTAL EARNINGS |
0.000 |
7.574 |
4.882 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
9.399 |
6.510 |
0.000 |
|
|
|
TOTAL IMPORTS |
9.399 |
6.510 |
0.000 |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
|
|
|
||
|
|
Basic |
0.09 |
0.01 |
0.81 |
||
|
|
Diluted
|
0.09 |
0.01 |
1.72 |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.16 |
0.01 |
2.19 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.33 |
0.43 |
3.28 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.26 |
0.62 |
4.75 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
0.01 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.80 |
0.25 |
0.16 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.41 |
9.60 |
7.04 |
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 |
165.126 |
177.626 |
199.878 |
|
Reserves & Surplus |
172.246 |
209.836 |
275.523 |
|
Net
worth |
337.372 |
387.462 |
475.401 |
|
|
|
|
|
|
long-term borrowings |
48.187 |
95.711 |
854.504 |
|
Short term borrowings |
7.258 |
2.451 |
0.362 |
|
Total
borrowings |
55.445 |
98.162 |
854.866 |
|
Debt/Equity
ratio |
0.164 |
0.253 |
1.798 |
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 |
606.873 |
737.641 |
1,089.997 |
|
|
|
21.548 |
47.768 |
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
|
606.873 |
737.641 |
1,089.997 |
|
Profit |
13.304 |
0.091 |
1.937 |
|
|
2.19% |
0.01% |
0.18% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
Rs.
In Millions
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current maturities of long term debt |
0.000 |
0.000 |
0.000 |
|
Total |
0.000 |
0.000 |
0.000 |
|
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 |
No |
|
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 |
No |
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Other loans and advances |
853.336 |
94.186 |
|
Short Term Borrowings |
|
|
|
Other loans and advances |
0.362 |
2.451 |
|
Total |
853.698 |
96.637 |
REVIEW OF
OPERATION:
During the
financial year 12-13, the company has completed the construction and
installation of its first manufacturing facility in Sri Lanka. The work was
completed ahead of schedule by almost eight months. The first trial from the
factory was started on March 21, 2013 and the company has started commercial
production from August 1, 2013. It has achieved record revenues this year of
Rs.1080.000 Millions. This is on account of increase in width and depth of
distribution across India.
BUSINESS
PERFORMANCE:
The Company’s
strong performance continued in 2012-13, despite difficult economic conditions
coupled with fierce competition, and high inflationary market conditions
resulting in higher input cost. The depreciation of Rupee also imposed severe
challenges during the year. Despite such a challenging environment, your
company achieved a remarkable 47% sales growth during the year 2012-13.Sales
for the year increased by Rs.352.300 Millions as against Rs.737.600 Millions
during the previous year. The profit before tax for the financial year 2012-13
was Rs.1.93 Millions as against Rs.0.090 Millions during the previous year.
Cash generation continued to be strong arising from significant improvements in
the business performance, efficiencies and cost saving across the
organization and a
continued efficient collection system.
The Company
continued to achieve excellent business results year after year despite the
testing market environment. This has been possible due to several key
initiatives which focused on institutional, retail customers with a stronger
focus on improvement, greater value and efficiency everywhere, while
strengthening organizational leadership.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10479382 |
06/02/2014 |
40,000,000.00 |
SICOM Investments and Finance Limited |
402, Ground Floor, Solitare Corporate Park, Bldg No. 4, Chakala, Andheri (East), Mumbai, Maharashtra - 400093, India |
B97124218 |
|
2 |
10484102 |
19/06/2013 |
200,000,000.00 |
SICOM Investments and Finance Limited |
402, Ground Floor, Solitare Corporate Park, Bldg No. 4, Chakala, Andheri (East), Mumbai, Maharashtra - 400093, India |
B87745014 |
|
3 |
10486359 |
18/02/2013 |
50,000,000.00 |
SICOM Investments and Finance Limited |
402, Ground Floor, Solitare Corporate Park, Bldg No. 4, Chakala, Andheri (East), Mumbai, Maharashtra - 400093, India |
B87878427 |
|
4 |
10351063 |
30/03/2012 |
750,000,000.00 |
SICOM LIMITED |
Solitaire Corporate Park, Building No. 4, Guru, Hargovindji Road, Andheri (East), Mumbai, Maharashtra - 400093, India |
B37959368 |
|
5 |
10211335 |
27/09/2012 * |
60,000,000.00 |
SICOM Investments and Finance Limited |
402, Ground Floor, Solitare Corporate Park, Bldg No. 4, Chakala, Andheri (East), Mumbai, Maharashtra - 400093, India |
B59459016 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.60.20 |
|
|
1 |
Rs.101.68 |
|
Euro |
1 |
Rs.83.55 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
|
34 |
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.