MIRA
INFORM REPORT
|
Report Date : |
01.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
ORIENTAL AEROMATICS LIMITED |
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Registered
Office : |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
14.03.1973 |
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Com. Reg. No.: |
11-016382 |
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Capital
Investment / Paid-up Capital : |
Rs. 40.000 Millions |
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CIN No.: [Company Identification
No.] |
u24240MH1973PLC016382 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMO02787B |
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PAN No.: [Permanent Account No.] |
AAAF00349L |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of Industrial Fragrances and Flavours. |
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No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 4500000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. The company can be considered 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.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict
Implications: Apex court order may alter coal import dynamics. Traders go slow on
talks over coal supply contracts, uncertainty over cancellation of blocks weigh
on stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would take
a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Term loans: “BBB” |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
May 2014 |
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Rating Agency Name |
ICRA |
|
Rating |
Short term fund based limits: “A2” |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
May 2014 |
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Uday |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-66556000 |
|
Date : |
29.09.2014 |
LOCATIONS
|
Registered Office : |
Jehangir Building, 133, Mahatma Gandhi Road, Fort, Mumbai - 400001,
Maharashtra, India |
|
Tel. No.: |
91-22-66556000 |
|
Fax No.: |
91-22-66556099 |
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E-Mail : |
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Website : |
http://orientalaromatics.com |
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Factory 1 : |
Plot No. 48 and 50, GDDIC Industrial Estate, Somnath, Dabhel, Daman –
396 210, |
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Tel. No.: |
91-260-2241195 / 2244965 |
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Fax No.: |
91-260-2244669 |
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E-Mail : |
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Location : |
Leased |
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|
|
EOU Unit : |
Located at ·
Baikampady ·
Mangalore |
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Branches : |
Located at · Hyderabad · Chennai · Bangalore · Kolkata · Faridabad · Ahmedabad · Lucknow · Delhi |
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Overseas Office : |
· 21 Spielman Road, Fairfield, New Jersey 07004, USA Tel. No.: (973) 227-0400/ (888) 611-2727 Fax No.: (973) 227-9940 E-Mail : sales@orientalaromatics.com ·
P. T. Djasula Wangi, JI Garuda 99, Tel. 00-62-21-4244173/4204229 E-mail. djsula@cbn.net.id Contact Person – Mr. Soesanto ·
Texchem Limited, Tel. 00-254-4440890/4440891 Fax. 00-254-2-4447140 E-mail. info@tex-chem.com Website. http://www.tex-chem.com Contact Person – Dr. G. C. Hess / Mr. Anant Whavale ·
Metmin Services, SA DE CV. Homero 109-1202, Col.
Polanco, Tel. 00-525-55-2502888 Fax. 00-525-55-2507888 Contact Person – Mr. Jaime Israel ·
Paramount Trading and Industries (Nigeria)
Limited, 22, Chief Nwobudoze, Street A, Jao Estate, Apakum, Oshodi, Lagos,
Nigeria Tel. 00-234-4522017/4522551 Fax. 00-234-2005728 E-mail. paramount@hyperia.com Contact Person – Mr. Laxman Tulsiani / Mr. Amit Tulsiani ·
Delta Technologies, No. 50, 1st Lane, Kandy Road,
Wedamulla, Kelaniya, Sri Lanka Tel. 00-94-1-905275/905276 Fax. 00-94-074812186/907868/905706 E-mail. delta@igo.lk Contact Person – Mr. Royestan Abhayawardhana / Mr. Mohan ·
Univa Aromatics Pte. Limited, 89, Kaki Bukit
Industrial Terrace, Singapore – 416 169 Tel. 00-65-67495210/3155 Fax. 00-65-67421609 E-mail. univa@singnet.com.sg Contact Person – Ms. Mary / Ms. Roselind ·
Tel. 00-84-8-8243057/8275422 Fax. 00-84-8-8228075/8227460 E-mail. 1. canopus@hcm.vnn.vn Contact Person – Mr. Ramesh
Anand / Mr. Sasidaran |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Anil Keshavlal Bodani |
|
Designation : |
Managing Director |
|
Address : |
51 Elcid 5th Floor, Ridge Road, Malabar Hills Bgkher Marg,
Mumbai – 400 006, Maharashtra, India |
|
Date of Birth/Age : |
24.08.1940 |
|
Date of Appointment : |
14.03.1973 |
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DIN No : |
00617909 |
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|
|
|
Name : |
Mr. Shyamlal Anil Bodani |
|
Designation : |
Director |
|
Address : |
51 Elcid 5th Floor, Ridge Road, Malabar Hills Bgkher Marg,
Mumbai – 400 006, Maharashtra, India |
|
Date of Birth/Age : |
22.09.1980 |
|
Date of Appointment : |
01.04.2004 |
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DIN No : |
00617950 |
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|
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|
Name : |
Ms. Chandrika Anil Bodani |
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Designation : |
Director |
|
Address : |
51 Elcid 5th Floor, Ridge Road, Malabar Hills Bgkher Marg,
Mumbai – 400 006, Maharashtra, India |
|
Date of Birth/Age : |
26.09.1942 |
|
Date of Appointment : |
01.07.1997 |
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DIN No : |
00618298 |
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Name : |
Mr. Ashwin Jayantkumar Ahya |
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Designation : |
Director |
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Address : |
A-4, Maitri park, Sion
Trombay Road, Chembur, Mumbai - 400071, Maharashtra, India |
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Date of Birth/Age : |
05.11.1949 |
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Date of Appointment : |
06.12.1997 |
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DIN No : |
00618321 |
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Name : |
Mr. Dharmil Anil Bodani |
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Designation : |
Director |
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Address : |
51 Elcid 5th Floor, |
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Date of Birth/Age : |
27.04.1970 |
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Date of Appointment : |
01.10.1996 |
|
DIN No : |
00618333 |
KEY EXECUTIVES
|
Name : |
Mr. Uday |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Anil Bodani |
|
110 |
|
Anil Bodani Jt. Chandrika Anil Bodani |
|
1199890 |
|
Chandrika Anil Bodani Jt. Anil Bodani |
|
1200000 |
|
Dharmil Bodani |
|
89750 |
|
Shyamlal Anil Bodani |
|
89950 |
|
Dharmil Bodani Jt. Anil Bodani |
|
710050 |
|
Shyamlal Anil Bodani Jt. Anil Bodani |
|
710050 |
|
Yuvraj Bodani Jt. Dharmil Bodani |
|
100 |
|
Veer Bodani Jt. Dharmil Bodani |
|
100 |
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|
|
|
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Total |
|
4000000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Industrial Fragrances and Flavours. |
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Exports : |
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Products : |
Not Divulged |
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Countries : |
Not Divulged |
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Imports : |
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Products : |
Not Divulged |
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Countries : |
Not Divulged |
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Terms : |
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Selling : |
L/C, Cash, Cheque |
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Purchasing : |
L/C, Cash, Cheque |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
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Customers : |
Wholesalers, Retailers, End Users |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
· Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India · The Hong Kong and Shanghai Banking Corporation Limited, 52/60 Mahatma Gandhi Road, P. O. Box 128,, Mumbai - 400001, Maharashtra, India ·
Standard Chartered Bank, 90, M G Road, Fort,
Mumbai - 400001, Maharashtra, India |
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Facilities : |
(Rs.
In Millions)
|
|
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
N Varma and Associates Chartered Accountants |
|
Address : |
56 B, Mittal Tower, 210, Nariman point,
Mumbai – 400001, Maharashtra, India |
|
PAN No.: |
AAAFN0680P |
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|
|
|
Subsidiaries : |
·
Oriental Aromatics INC ·
Camphor and Allied Products Limited |
|
|
|
|
Related Party : |
·
Oriental Fragrance and Flavours Private Limited |
CAPITAL STRUCTURE
As on: 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 |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 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 |
40.000 |
40.000 |
40.000 |
|
(b) Reserves & Surplus |
1097.570 |
1038.935 |
1015.656 |
|
(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) |
1137.570 |
1078.935 |
1055.656 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
42.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.075 |
0.330 |
|
(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) |
42.000 |
0.075 |
0.330 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
88.674 |
63.761 |
40.638 |
|
(b)
Trade payables |
75.823 |
38.280 |
71.408 |
|
(c)
Other current liabilities |
3.428 |
2.573 |
2.002 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
167.925 |
104.614 |
114.048 |
|
|
|
|
|
|
TOTAL |
1347.495 |
1183.624 |
1170.034 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
91.304 |
84.677 |
47.605 |
|
(ii)
Intangible Assets |
0.928 |
1.102 |
0.000 |
|
(iii)
Capital work-in-progress |
51.550 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
461.747 |
461.747 |
461.747 |
|
(c) Deferred tax
assets (net) |
0.262 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
165.014 |
215.817 |
239.689 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
770.805 |
763.343 |
749.041 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
291.689 |
256.505 |
317.713 |
|
(c)
Trade receivables |
180.226 |
141.332 |
89.247 |
|
(d) Cash
and cash equivalents |
30.296 |
14.079 |
8.667 |
|
(e)
Short-term loans and advances |
74.380 |
7.858 |
4.894 |
|
(f) Other
current assets |
0.099 |
0.507 |
0.472 |
|
Total
Current Assets |
576.690 |
420.281 |
420.993 |
|
|
|
|
|
|
TOTAL |
1347.495 |
1183.624 |
1170.034 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
873.301 |
751.373 |
660.014 |
|
|
|
Other Income |
14.729 |
8.432 |
6.842 |
|
|
|
TOTAL (A) |
888.030 |
759.805 |
666.856 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
655.501 |
563.143 |
524.541 |
|
|
|
Purchases of Stock-in-Trade |
27.306 |
33.136 |
0.000 |
|
|
|
Manufacturing and operating Costs |
35.401 |
30.950 |
27.550 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(8.600) |
14.306 |
(7.622) |
|
|
|
Employees benefits expense |
42.562 |
34.114 |
27.828 |
|
|
|
Other expenses |
46.240 |
34.120 |
25.865 |
|
|
|
TOTAL (B) |
798.410 |
709.769 |
598.162 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
89.620 |
50.036 |
68.694 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.031 |
2.686 |
2.117 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
87.589 |
47.350 |
66.577 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
8.816 |
7.842 |
7.002 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
78.773 |
39.508 |
59.575 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
20.137 |
11.830 |
12.325 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
58.636 |
27.678 |
47.250 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
980.978 |
958.392 |
916.842 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1039.614 |
986.070 |
964.092 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F.O.B. Value of Exports |
126.662 |
110.282 |
79.548 |
|
|
TOTAL EARNINGS |
126.662 |
110.282 |
79.548 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
237.883 |
245.691 |
236.381 |
|
|
TOTAL IMPORTS |
237.883 |
245.691 |
236.381 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
15.00 |
7.00 |
1.18 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
6.60 |
3.64 |
7.09 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.02 |
5.26 |
9.03 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.45 |
5.47 |
8.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07 |
0.04 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.11 |
0.06 |
0.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.43 |
4.02 |
3.69 |
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 |
40.000 |
40.000 |
40.000 |
|
Reserves & Surplus |
1015.656 |
1038.935 |
1097.570 |
|
Net worth |
1055.656 |
1078.935 |
1137.570 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
42.000 |
|
Short term borrowings |
40.638 |
63.761 |
88.674 |
|
Total borrowings |
40.638 |
63.761 |
130.674 |
|
Debt/Equity ratio |
0.038 |
0.059 |
0.115 |
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 |
660.014 |
751.373 |
873.301 |
|
|
|
13.842 |
16.227 |
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 |
660.014 |
751.373 |
873.301 |
|
Profit |
47.250 |
27.678 |
58.636 |
|
|
7.16% |
3.68% |
6.71% |
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 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 |
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 |
Yes |
OPERATIONS: -
The overall performance of the Company has improved during the year in respect of turnover, net profit as compared to previous year. The sales turnover has also shown a remarkable progress as it increased from Rs. 759.806 Millions to Rs. 888.031 Millions.
During the year In view of recessionary trends continuing in the domestic market and economic stagnation and coupled with other adverse factors; the operating performance of the company is marginally improved as compared to the previous year. However, the Directors are hopeful of revival in economic trends and better performance of Company in current year.
The 100% EOU Mangalore unit of Company is running smoothly and export of products was also satisfactory.
In spite of the fluctuation of market Conditions and economic scenario of Country, the company had maintained satisfactory profitability during the year. With the above financial measures and contribution from manufacturing activity, the Company achieved Rs.58.637 Millions net profit after tax. Production of Daman Unit is also satisfactory during the current year.
INDEX OF CHARGES
|
S.No |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10432348 |
03/12/2013 * |
150,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA |
B92909845 |
|
2 |
10337255 |
25/01/2012 |
101,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA |
B32832891 |
|
3 |
10260205 |
17/03/2011 * |
10,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
52/60 MAHATMA GANDHI ROAD, P.O.BOX 128, MUMBAI, MAHARASHTRA - 400001, INDIA |
B08543506 |
|
4 |
10096193 |
14/09/2009 * |
100,000,000.00 |
STANDARD CHARTERED BANK |
90, M G ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
A70727904 |
* Date of charge modification
FIXED ASSETS:
· Building at Malanpur
· Building at Mumbai
· Plant and Machinery
· Technical know how
· Motor Cars
· Office Equipment’s
· Furniture and Fixtures
· Borewell
· Computers
· Books
· Dies and Moulds
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. 61.61 |
|
|
1 |
Rs. 100.28 |
|
Euro |
1 |
Rs. 78.21 |
INFORMATION DETAILS
|
Information Gathered
by : |
GYT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
48 |
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.