MIRA INFORM REPORT
|
Report Date : |
31.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
GREEN CROP INTERNATIONAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
205, Vasudha Equinox, Pune - Mumbai Old Highway, Near Khadki Railway Station,
Bopodi, Pune – 411003, Maharashtra |
|
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|
Country : |
|
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|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
06.12.2001 |
|
|
|
|
Com. Reg. No.: |
11-017841 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 25.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U01122PN2001PTC017841 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEG04470E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCG7263M |
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|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Fertilizers and Pesticides. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 160000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track record. The rating reflects moderate financial risk profile marked by thin
profit margin. However, trade relations are reported as fair. Business is active. Payments
are reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 |
CRISIL |
|
Rating |
Long Term Rating (B+/ Stable) |
|
Rating Explanation |
High Risk of default |
|
Date |
04.09.2014 |
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. M.V.P.C.Shekhar |
|
Designation : |
Finance Head |
|
Contact No.: |
91-40-27605932 |
|
Date : |
29.10.2014 |
LOCATIONS
|
Registered Office : |
205, Vasudha Equinox, Pune - Mumbai Old Highway, Near Khadki Railway
Station, Bopodi, Pune – 411003, Maharashtra, India |
|
Tel. No.: |
91-20-32677090/ 89/ 25435110/ 25435107 |
|
Mobile No.: |
91-9822502735 (Mr. Sharad Wamanrao Sawant) |
|
Fax No.: |
91-20-25435109 |
|
E-Mail : |
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|
Website : |
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|
|
|
|
Head Office : |
402, Reliance Residency, Opposite NTR Stadium, Tel No : 91-40-27605932/35 Fax No: 91-40-66686468 Mobile No: 91-9866045000 (Mr. R. Venugopal) / 9849878444 (Mr. MVRC
Sekar) / Mr. V.Srinivas Reddy (91-9849638001) E-Mail: greencrop@rediffmail.com No.85/S F-7, 2nd Floor, Gangamma Rangasetty Complex, 3rd
Main, 1st Cross, New Tharagupet, Mobile No: 91-9945118897 / 91-9448101008 (Mr. LCM Reddy) Fax No: 91-80-26707861 E-Mail: greencropbangalore@rediffmail.com C/o. H.R. Business Links, 64 Thaalai Thoppu, G.N. Mills Post, Tel No: 91-422-4383008/4384009 Fax No: 91-422-2648659 Mobile No: 91-9848023304 / 9443723304 (Mr. S. Rajendran) /
91-9842230637 (Mr. Kumaraswamy) E-Mail: gciplcbe@airtelmail.in Ahmedabad C/o, Bhole Agro Traders, S-34, Tirupati Estate, Opposite House of
Kedia, N.11.8, ASLALI, Ahmedabad, Gujarat, India Tel No: 91-2718-261238 Mobile No: 91-9898520940/9825455246 C/o Mundra Distributors, 1st Floor, Gopal Bagh, Tel No: 91-771-2888836 / 2529936 / 2525536 Fax No: 91-771-4030436 (Mr. Rao) / 2528836 |
|
|
|
|
Factory : |
GAT No.389, Zendewadi, |
|
Tel No : |
91-2115-202730 |
|
Location : |
Leased |
|
|
|
|
Branch Office : |
Located at: ·
·
|
|
Location : |
Rented |
DIRECTORS
As on 20.07.2013
|
Name : |
Mr. Sharad Wamanrao Sawant |
|
Designation : |
Managing Director |
|
Address : |
Great Eastern Retreat, Flat No. 404, Lakakki Road, Model Colony,
Shivaji Nagar, Pune – 411016, Maharashtra, India |
|
Date of Birth/Age : |
31.07.1942 |
|
Date of Appointment : |
12.12.2001 |
|
DIN No.: |
00151604 |
|
|
|
|
Name : |
Mr. Balkrishna Dwarkadas Bhutada |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
01.11.1958 |
|
Date of Appointment : |
06.12.2001 |
|
DIN No.: |
00262012 |
|
|
|
|
Name : |
Mr. Dyanoba Baliram Karegaonkar |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
25.08.1951 |
|
Date of Appointment : |
06.12.2001 |
|
DIN No.: |
00262285 |
|
|
|
|
Name : |
Mr. Popatrao Sonaji Deshmukh |
|
Designation : |
Director |
|
Address : |
B-3/3 Ragdari, |
|
Date of Birth/Age : |
15.03.1952 |
|
Date of Appointment : |
12.12.2001 |
|
DIN No.: |
00262182 |
KEY EXECUTIVES
|
Name : |
Mr. Shekhar |
|
Designation : |
Finance Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 20.07.2013
NOTE: SHAREHOLDING DETAILS FILE ATTACHED.
As on 20.07.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
10.00 |
|
Directors or relatives of Directors |
67.78 |
|
Other top fifty shareholders |
22.22 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Fertilizers and Pesticides. |
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Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
· China · Dubai |
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Terms : |
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Selling : |
Cash and Advance Payment |
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Purchasing : |
Cash and Advance Payment |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
· Bank of Maharashtra, Agri Hi Tech Branch, Mangalmurti Complex, Sinhgad Road, Pune – 411030, Maharashtra, India |
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Facilities : |
NOTE LONG TERM
BORROWINGS · Secured by Equitable mortgage of office premises. Repayable in 84 monthly installment commencing from May 2012, Interest payable @ 13.60% p.a. · Secured by hypothecation of Machinery and personal guarantee of Directors. Payable in 36 monthly Installments commenced from July 2010 with Interest @ 12.25% p.a. · Secured by hypothecation of Motor cars. Payable in 36 monthly installments commenced from November 2010, Interest @ 8% p.a. · Secured by hypothecation of Motor car. Payable in 36 monthly installments commenced from September 2011, Interest @ 11.25% p.a. · Secured by hypothecation of Motor car. Payable in 36 monthly installments commenced from September 2009, Interest @ 8.25% p.a. Long Term Borrowing
Guaranteed By Directors
SHORT TERM
BORROWINGS · Secured by hypothecation of movable plant and machinery, inventory and book debts and also mortgage of some of the Directors' and a member's personal property and also by personal guarantees of some of the Directors and a member. Interest payable @ 13.50% p.a. · Secured by hypothecation of stocks and Debtors and personal guarantee of Directors Interest payable @ 15% p.a. |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Chag Pahwa and Shah Chartered Accountants |
|
Address : |
502, Dhanlaxmi Mahal, Nanda Patkar Road, Vile Parle (East), Mumbai –
400057, Maharashtra, India |
|
Tel. No.: |
91-22-26143358/ 26143359 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AABFC6555H |
|
|
|
|
Enterprises where
key management personnel along with their relatives exercise significant
influence : |
Green India Exports Private Limited |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,500,000 |
Equity Shares |
Rs.10/- each |
Rs. 25.000
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 |
25.000 |
17.946 |
15.320 |
|
(b) Reserves & Surplus |
16.126 |
16.668 |
13.874 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
7.054 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
41.126 |
41.668 |
29.194 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
4.376 |
5.840 |
1.089 |
|
(b) Deferred tax liabilities (Net) |
0.218 |
0.123 |
0.008 |
|
(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) |
4.594 |
5.963 |
1.097 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
40.280 |
35.733 |
26.254 |
|
(b) Trade
payables |
37.043 |
32.145 |
37.367 |
|
(c) Other
current liabilities |
26.346 |
26.507 |
22.551 |
|
(d) Short-term
provisions |
3.934 |
3.133 |
3.255 |
|
Total Current
Liabilities (4) |
107.603 |
97.518 |
89.427 |
|
|
|
|
|
|
TOTAL |
153.323 |
145.149 |
119.718 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
18.061 |
17.761 |
5.800 |
|
(ii)
Intangible Assets |
0.024 |
0.012 |
0.007 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.760 |
0.945 |
0.988 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
18.845 |
18.718 |
6.795 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
49.577 |
47.802 |
42.952 |
|
(c) Trade
receivables |
81.336 |
67.213 |
57.506 |
|
(d) Cash
and cash equivalents |
2.034 |
9.993 |
11.827 |
|
(e) Short-term
loans and advances |
0.600 |
1.416 |
0.619 |
|
(f) Other
current assets |
0.931 |
0.007 |
0.019 |
|
Total
Current Assets |
134.478 |
126.431 |
112.923 |
|
|
|
|
|
|
TOTAL |
153.323 |
145.149 |
119.718 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
350.000 (Approx.) |
300.000 (Approx.) |
NA |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
10.103 |
8.913 |
10.706 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.126 |
1.405 |
1.136 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
7.977 |
7.508 |
9.570 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.595 |
2.414 |
3.128 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
5.382 |
5.094 |
6.442 |
|
|
|
|
|
|
|
|
|
Less/ Add |
EXCESS PROVISION
FOR TAX |
0.000 |
0.020 |
0.053 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
15.618 |
13.024 |
8.851 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.200 |
0.200 |
0.200 |
|
|
|
Provision for Doubtful Debts |
3.000 |
0.000 |
0.000 |
|
|
|
Proposed Dividend |
2.500 |
1.996 |
1.826 |
|
|
|
Tax on Distribution of Dividend |
0.425 |
0.324 |
0.296 |
|
|
BALANCE CARRIED
TO THE B/S |
14.875 |
15.618 |
13.024 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
0.000 |
0.199 |
0.090 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
24.989 |
31.343 |
26.195 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.63 |
3.25 |
4.20 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
430.000 |
|
|
|
|
|
The above information has been parted by Mr. Shekhar (Accounts Manager).
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.20
|
5.17
|
7.99
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19
|
0.18
|
0.33
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.09
|
1.00
|
0.94
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.25
|
1.30
|
1.26
|
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 |
15.320 |
17.946 |
25.000 |
|
Reserves & Surplus |
13.874 |
16.668 |
16.126 |
|
Share Application money
pending allotment |
0.000 |
7.054 |
0.000 |
|
Net
worth |
29.194 |
41.668 |
41.126 |
|
|
|
|
|
|
Long-term borrowings |
1.089 |
5.840 |
4.376 |
|
Short term borrowings |
26.254 |
35.733 |
40.280 |
|
Total
borrowings |
27.343 |
41.573 |
44.656 |
|
Debt/Equity
ratio |
0.937 |
0.998 |
1.086 |
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) |
Yes |
|
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 CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10479423 |
31/12/2013 |
36,700,000.00 |
BANK OF MAHARASHTRA |
AGRI HI TECH BRANCH, MANGALMURTI COMPLEX,, SINHGA |
B97136519 |
|
2 |
10440106 |
27/06/2013 |
1,200,000.00 |
BANK OF MAHARASHTRA |
AGRI HI-TECH BRANCH, MANGALMURTI COMPLEX,, SINHAG |
B80963366 |
|
3 |
10346561 |
28/03/2012 * |
6,000,000.00 |
BANK OF MAHARASHTRA |
AGRI HI-TECH BRANCH, MAGALMURTI COMPLEX,, 117-A/2 |
B36725448 |
|
4 |
10333224 |
20/05/2010 |
675,000.00 |
BANK OF MAHARASHTRA |
AGRI HI-TECH BRANCH, MAGALMURTI COMPLEX,, 117-A/2 |
B18544049 |
|
5 |
10331328 |
25/03/2009 |
952,000.00 |
BANK OF MAHARASHTRA |
AGRI. HI-TECH BRANCH, MAGALMURTI COMPLEX,, 117-A/ |
B18503268 |
|
6 |
90093038 |
17/02/2005 |
3,600,000.00 |
BANK OF MAHARASHTRA |
AGRI HI-TECH BRANCH, MANGALMURTI COMPLEX; 117-A/2 |
- |
|
7 |
90086933 |
18/08/2004 |
1,125,000.00 |
BANK OF MAHARASHTRA |
LOKMANGAL '1501', SHIVAJINAGAR, PUNE, Maharashtra |
- |
|
8 |
90086653 |
31/12/2013 * |
52,500,000.00 |
BANK OF MAHARASHTRA |
AGRI HI TECH BRANCH, MANGALMURTI COMPLEX,, SINHGA |
B97139018 |
|
9 |
90085271 |
15/10/2004 * |
10,000,000.00 |
BANK OF MAHARASHTRA |
LOKMANGAL '1501', SHIVAJINAGAR, PUNE, Maharashtra |
- |
* Date of charge modification
OPERATION:
Highlights of performance during 2012/13:
- Fertilizer activity has grown by 10% compared to previous year while the Pesticides activity remained more or less at the same level.
- Bangalore Sales Office turnover has crossed the figure of Rs.20.000 Millions and registered a growth of 74% over previous year.
Raipur Sales Office registered a growth of 50% over previous year.
Hyderabad Saled Office continued to perform better and registered growth of 21% over previous year.
Akola sales office registered growth of 12% over previous year.
Due to various factors, Ahmedabad and Pune sales offices have degrown by 44% & 16% respectively over previous year and action is being initiated to reverse the trend.
Plans for financial year 2013/14 will be:
- To Set-up the formulation plant at the earliest.
- To realign marketing based on classification of products, i.e., focus on high contributing products.
- To improve material procurement system and reduce inventory holding period.
- To contain expenses
- To reduce ADCP (Average Debt Collection Period) and minimize Working Capital interest
- To build assets.
FIXED ASSETS
v
Tangible
Assets
· Buildings
· Plant and Machinery
· Computers
· Printers
· Furniture and Fixtures
· Vehicles
· Motor Cycle
· Air Conditioners
· Fax and EPBX
· Aqua Guard
· Emergency Power System
· Mobile Hand Set
· UPS
v
Intangible
Assets
· Computer Software
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.61.46 |
|
|
1 |
Rs.98.21 |
|
Euro |
1 |
Rs.77.45 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SPR |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
28 |
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.