MIRA INFORM REPORT
|
Report Date : |
12.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
APC NUTRIENTS
PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
43, Vikas Centre, 106, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
04.01.2006 |
|
|
|
|
Com. Reg. No.: |
11-158987 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH2006PTC158987 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA12317E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Poultry Feed Supplements / Aqua Feed Supplement. |
|
|
|
|
No. of Employees
: |
35 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (11) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
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|
|
|
Litigation : |
Clear |
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|
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|
Comments : |
Subject is an established company having moderate track record. Financial of 2013 is not available with government department. As per financials of 2012, there are accumulated losses recorded by
the company which has eroded net worth of the company. Business is active. Payment terms are slow. The company can be considered for business dealing on a safe and
secured trade terms and conditions. NOTE: Mr. Sai Murli
informed that company was established in 04.01.1995 but later in July 2012 it
got amalgamated with sister concern company i.e APC Overseas Private Limited
but the name of company remains same that is APC Nutrients Private Limited. |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
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.2,453.2 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 PARTED BY
|
Name : |
Mr. Sai Murli |
|
Designation : |
Account Manager |
|
Contact No.: |
91-40-27815777 |
|
Date : |
05.04.2014 |
LOCATIONS
|
Registered Office : |
43, Vikas Centre, 106, |
|
Tel. No. : |
91-22-66949461 |
|
Fax No. : |
Not Available |
|
E-Mail : |
|
|
|
|
|
Branch : |
507, 5th Floor Minerva House, S. D. Road, Secunderabad –
500003, Andhra Pradesh, India |
|
|
|
|
Warehouse : |
Plot No. 60 / C / D, Phase – I, IDA Jeedimetta, Hyderabad - 500055,
Andhra Pradesh, India |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Ravindra Narayan Menon |
|
Designation : |
Director |
|
Address : |
B-703, |
|
Date of Birth/Age : |
29.04.1950 |
|
Date of Appointment : |
04.01.1995 |
|
DIN No. : |
01797862 |
|
|
|
|
Name : |
Mr. Ravindra Krishnadas Pasta |
|
Designation : |
Director |
|
Address : |
Rukshmani Villa, 145, |
|
Date of Birth/Age : |
26.08.1952 |
|
Date of Appointment : |
04.01.1995 |
|
DIN No. : |
01879042 |
|
|
|
|
Name : |
Mr. Mohan Narayan Menon |
|
Designation : |
Director |
|
Address : |
6 Beach Craft, |
|
Date of Birth/Age : |
10.08.1948 |
|
Date of Appointment : |
11.10.1997 |
|
DIN No. : |
02838483 |
KEY EXECUTIVES
|
Name : |
Mr. Sai Murli |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
%age |
|
Ravindra Narayan Menon |
3749000 |
98.40 |
|
Ravindra Krishnadas Pasta |
41000 |
1.08 |
|
Mohan Narayan Menon |
20000 |
0.52 |
|
|
|
|
|
Total |
3810000 |
100.00 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Poultry Feed Supplements / Aqua Feed Supplement. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Cheque and Credit |
|
|
|
|
Purchasing : |
Cash, Cheque and Credit |
GENERAL INFORMATION
|
Suppliers : |
Danisco India Private Limited |
||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||
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Customers : |
Starts Speciality Production Private Limited |
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||||||||||||||||||||||||||||||
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No. of Employees : |
35 (Approximately) |
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Bankers : |
ICICI Bank, Begumoeth, Hyderabad, Andhra Pradesh, India |
||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||
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Facilities : |
NOTE: *Term loan is secured against equitable mortgage of Land and Building, Project and assets and Fixed Assets and hypothecation of stock and book debts. The facility is also guaranteed by Mr. Ravindra N. Menon – Chairman of the company. ** Term loan repayment schedule: Rs. 0.221 Millions per month, amount due in next 12 months Rs. 2.663 Millions Car loan is secured against I20 Motor Car ** Repayment schedule: Rs. 0.012 Millions per month. Amount due in
next 12 Months Rs. 0.146 Millions |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. M. Pradhan and Company Chartered Accountants |
|
Address : |
5, Vijaylaxmi, Gokhale Road, Mulund (West), Mumbai – 400081, Maharashtra, India |
|
PAN
No. : |
AAAPP5094C |
|
|
|
|
Associates/Subsidiaries : |
APC Pharmaceutical and Chemicals |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
|
|
|
|
|
After 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3810000 |
Equity Shares |
Rs.10/- each |
Rs.38.100 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 |
|
0.100 |
0.100 |
|
(b) Reserves & Surplus |
|
(7.508) |
(15.577) |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
38.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
30.592 |
(15.477) |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
42.180 |
15.433 |
|
(b) Deferred tax liabilities (Net) |
|
0.578 |
0.011 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
42.758 |
15.444 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
(1.567) |
0.000 |
|
(b) Trade
payables |
|
19.342 |
0.014 |
|
(c) Other
current liabilities |
|
6.649 |
1.064 |
|
(d) Short-term
provisions |
|
0.550 |
0.000 |
|
Total Current
Liabilities (4) |
|
24.974 |
1.078 |
|
|
|
|
|
|
TOTAL |
|
98.324 |
1.045 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
24.734 |
0.031 |
|
(ii)
Intangible Assets |
|
4.494 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
1.034 |
0.000 |
|
(e) Other
Non-current assets |
|
10.383 |
0.000 |
|
Total Non-Current
Assets |
|
40.645 |
0.031 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
15.951 |
0.155 |
|
(c) Trade
receivables |
|
40.878 |
0.107 |
|
(d) Cash
and cash equivalents |
|
0.028 |
0.052 |
|
(e)
Short-term loans and advances |
|
0.082 |
0.000 |
|
(f) Other
current assets |
|
0.740 |
0.700 |
|
Total
Current Assets |
|
57.679 |
1.014 |
|
|
|
|
|
|
TOTAL |
|
98.324 |
1.045 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.100 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
0.100 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
13.418 |
|
|
TOTAL BORROWING |
|
|
13.418 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.016 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
13.534 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.049 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.343 |
|
|
Sundry Debtors |
|
|
0.669 |
|
|
Cash & Bank Balances |
|
|
(0.059) |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
0.953 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.119 |
|
|
Other Current Liabilities |
|
|
|
|
|
Provisions |
|
|
|
|
Total
Current Liabilities |
|
|
0.217 |
|
|
Net Current Assets |
|
|
0.736 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
12.749 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
13.534 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
1.646 |
3.574 |
|
|
|
Other Income |
|
(0.188) |
(1.847) |
|
|
|
TOTAL |
178.600 |
1.458 |
1.727 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
0.854 |
2.393 |
|
|
|
Direct Expenses |
|
2.303 |
0.855 |
|
|
|
Administration and Other Expenses |
|
0.632 |
2.453 |
|
|
|
Expenses Employees |
|
0.585 |
0.670 |
|
|
|
TOTAL |
167.770 |
4.374 |
6.371 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
(2.916) |
(4.644) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.018 |
0.018 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
10.830 |
(2.934) |
(4.662) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.831 |
(0.005) |
0.007 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
7.999 |
(2.929) |
(4.669) |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
799.99 |
(292.95) |
(466.92) |
|
|
Particulars |
|
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
Sales Turnover (Approximately) |
|
280.000 |
221.100 |
|
|
|
|
|
Expected Sales (2013-2014): Rs.360.000 Millions
The above information has been parted by Mr. Sai Murli
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.48
|
(200.89) |
(270.35) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
(178.25) |
(130.44) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.01
|
(280.76) |
(359.72) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35
|
0.19 |
(46.62) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.27
|
(0.19) |
(0.35) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.31
|
0.94 |
4.39 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
0.100 |
0.100 |
|
Reserves & Surplus |
(15.577) |
(7.508) |
|
Net
worth |
(15.477) |
(7.408) |
|
|
|
|
|
long-term borrowings |
15.433 |
42.180 |
|
Short term borrowings |
0.000 |
(1.567) |
|
Total
borrowings |
15.433 |
40.613 |
|
Debt/Equity
ratio |
(0.997) |
(5.482) |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1.727 |
1.458 |
178.600 |
|
|
|
(15.576) |
12,149.657 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1.727 |
1.458 |
178.600 |
|
Profit |
(4.669) |
(2.929) |
7.999 |
|
|
(270.35%) |
(200.89%) |
4.48% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
five years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
No |
UNSECURED LOANS
|
PARTICULAR |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
From Body Corporate |
1.553 |
1.205 |
|
From Directors |
32.037 |
14.228 |
|
|
|
|
|
Total |
33.590 |
15.433 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification
|
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10231478 |
26/08/2013 * |
29,930,000.00 |
3i Infotech Trusteeship Services Limited |
3rd to 6th floor, International Infotech Park, Tower No.5,
Vashi Railway Station Complex, Vashi, Navi Mumbai, Maharashtra - 400703,
INDIA |
B85182962 |
* Date of charge modification
OPERATIONS:
With an aim to integrate operations of the Company with Subject, the company and the Honorable High count of Mumbai - passed amalgamation Order on 6'h July 2012, approving the merger with effect from 1st April, 201 1.
The merger would improve fanatical strength, Competitive position, pooling of human capital and provide operational flexibility. Besides, the benefit would flow from operational synergies, widen asset base and product range. The Strength of the combined entity has gone up considerably and the capital base has widened. The turnover of the combined entity stood at Rs. 178.600 millions during the financial year 201 1-12 and % fie profit of Rs.10.800 millions before taxes. The real benefit would flow during the current financial year as economic of operations and combined cost advantage will result in efficient operations.
The Board expects considerable improvement in the performance during the year 201 2-13.
AMALGAMATION:
The Hon'ble High Court of Judicature at Bombay has approved the scheme of amalgamation of subjects and AFC Overseas Private Limited. The scheme is operative from the appointed date i.e. 1st April 2011 as stated in the scheme of Amalgamation. The Audited Annual Accounts of the Company for the Financial Year ended March 31, 2022 have been prepared after incorporating the effect of amalgamation.
FIXED ASSETS
œ Land and Building
œ Plant and Machinery
œ Furniture and Fixture
œ Computer
œ Laptop
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 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.60.05 |
|
|
1 |
Rs.101.65 |
|
Euro |
1 |
Rs.83.07 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
1 |
|
OPERATING SCALE |
1~10 |
1 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
|
11 |
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 |
-- |
s
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.