MIRA
INFORM REPORT
|
Report Date : |
08.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
CREAMY FOODS LIMITED |
|
|
|
|
Registered
Office : |
E-13/29, Harsha Bhawan, 2nd Floor, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
15.01.1996 |
|
|
|
|
Com. Reg. No.: |
55-075467 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.52.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15131DL1996PLC075467 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELC06364B DELC05237B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCC7375A |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Ghee and Milk Products. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 850000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. General financial position of the company is normal and acceptable for
business dealing. Trade relations are reported as fair. Business is active. Payments
terms are reported to be 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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift.
It highlights how as against 51 % in 2005, the emerging economies now account
for close to 56 % of the global purchasing power GDP as per the latest survey.
And with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the political and economic
development in the dragon economy and has figured out something that is quite
worrying. He is of the view that the Chinese economy could be heading toward
trouble on account of new Chinese President Xi Jingping’s very aggressive
anti-corruption drive. Chanos believes tat many things such as apartment sales,
luxury products, etc. were largely bought with dirty money. And it is now
beginning to impact consumption. This may indeed be bad news for an economy
that is struggling to transition from an investment-driven export-oriented
economy to a domestic consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization policies.
A firm called Ciane Analytics studied returns from assets including
equities, gold, fixed deposits, G-Secs and real estate since 1991. Real estate
outperformed every other asset classes during the 23-year period with an
annualized return of 20 % ! Equities came in second with annualized return of
15.5 % ! However, while these returns may seem mouthwatering, the fact is that
the return from equities adjusted for inflation came down to just 7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Term Bank Facilities = BBB- |
|
Rating Explanation |
Moderate degree of safety it carry moderate credit risk. |
|
Date |
06.12.2012 |
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 DECLINED
Management Non Co-operative (91-11-41517501)
LOCATIONS
|
Registered Office / Corporate Office : |
E-13/29, Harsha Bhawan, 2nd Floor, |
|
Tel. No.: |
91-11-41517501 / 41517502 / 41517503 / 41517504 |
|
Fax No.: |
91-11-41517516 |
|
E-Mail : |
|
|
|
|
|
Factory : |
80th KM Stone, |
|
Tel. No.: |
91-5738-249177 |
|
Fax No.: |
91-5738-249178 |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Subash Chand Agarwal |
|
Designation : |
Managing Director |
|
Address : |
2/1425, White House, Delhi Road, Saharnpur – 247001, Uttar Pradesh, India |
|
Date of Birth/Age : |
06.04.1948 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
27.12.2005 |
|
DIN No.: |
00002215 |
|
|
|
|
Name : |
Mr. Sandeep Agarwal |
|
Designation : |
Whole-Time Director |
|
Address : |
N-227, Greater Kailash, Part – I, New Delhi – 110048, India |
|
Date of Birth/Age : |
11.11.1972 |
|
Qualification : |
MBA |
|
Date of Appointment : |
15.01.1996 |
|
DIN No.: |
00002205 |
|
PAN No.: |
AAMPA4756B |
|
|
|
|
Name : |
Mr. Chander Prakash Aggarwal |
|
Designation : |
Director |
|
Address : |
2/1425, White House, Delhi Road, Saharnpur – 247001, Uttar Pradesh, India |
|
Date of Birth/Age : |
05.12.1962 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
05.11.2006 |
|
DIN No.: |
00002217 |
|
PAN No.: |
ABPPA7163G |
|
|
|
|
Name : |
Mr. Amit Aggarwal |
|
Designation : |
Whole-Time Director |
|
Address : |
B-42, Greater Kailash, Part – I, New Delhi – 110048, India |
|
Date of Birth/Age : |
04.12.1978 |
|
Qualification : |
MBA |
|
Date of Appointment : |
16.08.2011 |
|
DIN No.: |
00002213 |
|
PAN No.: |
ABEPA3644F |
|
|
|
|
Name : |
Mr. Mool Chand Aggarwal |
|
Designation : |
Director |
|
Address : |
B-42, Greater Kailash, Part – I, New Delhi – 110048, India |
|
Date of Birth/Age : |
24.11.1956 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
15.01.1996 |
|
DIN No.: |
00002202 |
|
PAN No.: |
AAMPA4753E |
|
|
|
|
Name : |
Mr. Kailash Chand Goel |
|
Designation : |
Whole-Time Director |
|
Address : |
102, Behind Shipra, Behind Shipra Hotel, R. K. Puram Bhoor, Bulandshr – 203001, Uttar Pradesh, India |
|
Date of Birth/Age : |
09.07.1949 |
|
Qualification : |
M. Sc |
|
Date of Appointment : |
15.09.2008 |
|
DIN No.: |
02363280 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Anurag Aggarwal |
|
545433 |
|
CP. Aggarwal and Sons (HUF) |
|
585092 |
|
Moolchand Aggarwal |
|
287013 |
|
Sanya Bansal |
|
591763 |
|
Sandeep Aggarwal |
|
340617 |
|
Sanjay Aggarwal (HUF) |
|
5000 |
|
Sanjay Aggarwal |
|
315183 |
|
S.C. Aggarwal and Sons (HUF) |
|
5000 |
|
Subhra Aggarwal |
|
708000 |
|
S.C. Aggarwal |
|
168100 |
|
Sewa Ram Aggarwal |
|
8000 |
|
Sushila Rani |
|
208100 |
|
CP. Aggarwal |
|
200034 |
|
Luxmi Aggarwal |
|
666465 |
|
Mithlesh Rani |
|
408100 |
|
Shakuntla devi |
|
8100 |
|
Akshay Aggarwal |
|
100000 |
|
Shally Aggarwal |
|
100000 |
|
Total |
|
5250000 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Ghee and Milk Products. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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|
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|
Bankers : |
|
|||||||||||||||||||||
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|
|||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jindal and Company Chartered Accountants |
|
Address : |
3803, |
|
Tel. No.: |
91-11-23270584 / 23277249 / 23260861 |
|
Fax No.: |
91-11-23254387 |
|
E-Mail : |
|
|
PAN.: |
AACFJ5996J |
|
|
|
|
Associates : |
|
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5250000 |
Equity Shares |
Rs.10/- each |
Rs.52.500
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 |
52.500 |
52.500 |
52.500 |
|
(b) Reserves & Surplus |
160.073 |
130.183 |
104.341 |
|
(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) |
212.573 |
182.683 |
156.841 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
371.808 |
269.334 |
142.582 |
|
(b) Deferred tax liabilities (Net) |
23.907 |
21.294 |
14.803 |
|
(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) |
395.715 |
290.628 |
157.385 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
653.217 |
466.027 |
432.174 |
|
(b) Trade payables |
229.726 |
159.062 |
138.400 |
|
(c) Other current
liabilities |
53.683 |
43.276 |
46.259 |
|
(d) Short-term provisions |
18.659 |
10.151 |
5.600 |
|
Total Current Liabilities (4) |
955.285 |
678.516 |
622.433 |
|
|
|
|
|
|
TOTAL |
1563.573 |
1151.827 |
936.659 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
342.817 |
279.606 |
160.739 |
|
(ii) Intangible Assets |
0.219 |
0.221 |
0.326 |
|
(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 |
14.300 |
14.300 |
14.300 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
11.940 |
9.585 |
9.232 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
369.276 |
303.712 |
184.597 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
784.000 |
569.953 |
536.007 |
|
(c) Trade receivables |
297.145 |
220.758 |
123.602 |
|
(d) Cash and cash
equivalents |
83.878 |
28.404 |
73.468 |
|
(e) Short-term loans and
advances |
27.259 |
24.131 |
16.377 |
|
(f) Other current assets |
2.015 |
4.869 |
2.608 |
|
Total Current Assets |
1194.297 |
848.115 |
752.062 |
|
|
|
|
|
|
TOTAL |
1563.573 |
1151.827 |
936.659 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3608.927 |
2872.349 |
1664.003 |
|
|
|
Other Income |
6.519 |
0.697 |
2.856 |
|
|
|
TOTAL (A) |
3615.446 |
2873.046 |
1666.859 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
2983.485 |
2294.534 |
1368.651 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(209.508) |
(32.783) |
(114.556) |
|
|
|
Employees benefits expense |
66.681 |
46.405 |
27.741 |
|
|
|
Other expenses |
600.680 |
443.485 |
302.726 |
|
|
|
TOTAL (B) |
3441.338 |
2751.641 |
1584.562 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
174.108 |
121.405 |
82.297 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
75.604 |
51.007 |
41.316 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
98.504 |
70.398 |
40.981 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
45.391 |
30.682 |
21.302 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
53.113 |
39.716 |
19.679 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
23.223 |
13.874 |
7.054 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
29.890 |
25.842 |
12.625 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.69 |
4.92 |
2.4 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.83 |
0.90 |
0.76 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.47 |
1.38 |
1.18 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.43 |
3.49 |
2.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25 |
0.22 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
4.82 |
4.03 |
3.66 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.25 |
1.25 |
1.21 |
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 |
52.500 |
52.500 |
52.500 |
|
Reserves & Surplus |
104.341 |
130.183 |
160.073 |
|
Net worth |
156.841 |
182.683 |
212.573 |
|
|
|
|
|
|
long-term borrowings |
142.582 |
269.334 |
371.808 |
|
Short term borrowings |
432.174 |
466.027 |
653.217 |
|
Total borrowings |
574.756 |
735.361 |
1025.025 |
|
Debt/Equity ratio |
3.665 |
4.025 |
4.822 |
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 |
1664.003 |
2872.349 |
3608.927 |
|
|
|
72.617 |
25.644 |
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 |
1664.003 |
2872.349 |
3608.927 |
|
Profit |
12.625 |
25.842 |
29.890 |
|
|
0.76% |
0.90% |
0.83% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
OPERATIONS
During the year there is 26% (approx) growth in the total revenue of the company, company achieved record revenue of Rs. 3615.400 Millions as against Rs. 2873.000 Millions during the previous year resulting 16% (approx) rise in the net profit amounting Rs. 29.900 Millions in comparison to Rs. 25.800 Millions in the previous year.
The directors have immense pleasure to announce that launching of Milk under �Madhusudan� brand in poly pack has got tremendous success in the milk market. During the year total sales realization from milk is Rs. 580.400 Millions (approx). and the directors expects wide scope in times to come.
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
Long-term
borrowings |
|
|
|
Other loans and advances |
229.890 |
173.085 |
|
Short-term
borrowings |
|
|
|
Other loans and advances |
0.557 |
0.876 |
|
Total |
230.447 |
173.961 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10451703 |
27/08/2013 |
90,000,000.00 |
PUNJAB NATIONAL BANK |
SME, CHURCH COMPOUND, BAJORIA MARG, SAHARANPUR, UTTAR PRADESH - 247001, INDIA |
B86016680 |
|
2 |
10407461 |
24/12/2013 * |
825,700,000.00 |
PUNJAB NATIONAL BANK (LEAD BANK) |
SME CHURCH COMPOUND,, BAJORIA MARG,, SAHARANPUR, |
B96792353 |
|
3 |
10367289 |
11/07/2012 |
11,200,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B44425155 |
|
4 |
10367595 |
11/07/2012 |
132,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B44545739 |
|
5 |
10333195 |
13/12/2011 |
50,000,000.00 |
PUNJAB NATIONAL BANK |
S M E, SAHARANPUR, UTTAR PRADESH - 247001, INDIA |
B31092018 |
|
6 |
10314099 |
21/09/2011 |
430,000,000.00 |
PUNJAB NATIONAL BANK(LEAD BANK) |
SME BRANCH, CHURCH COMPOUND, BAJORIA MARG, VIJAYA BANK, UNION BANK OF INDIA(MEMBERS), SAHARANPUR, UTTAR PRADESH - 247001, INDIA |
B23903099 |
|
7 |
10280879 |
21/09/2011 * |
50,000,000.00 |
PUNJAB NATIONAL BANK |
SME BRANCH, CHURCH COMPOUND, BAJORIA MARG, SAHARANPUR, UTTAR PRADESH - 247001, INDIA |
B23900327 |
|
8 |
10268748 |
21/09/2011 * |
7,500,000.00 |
PUNJAB NATIONAL BANK |
SME BRANCH, CHURCH COMPOUND, BAJORIA MARG, SAHARANPUR, UTTAR PRADESH - 247001, INDIA |
B23902182 |
|
9 |
10209528 |
21/09/2011 * |
30,000,000.00 |
PUNJAB NATIONAL BANK |
SME BRANCH, CHURCH COMPOUND, BAJORIA MARG,, SAHARANPUR, UTTAR PRADESH - 247001, INDIA |
B23901564 |
|
10 |
10201105 |
26/04/2014 * |
603,300,000.00 |
PUNJAB NATIONAL BANK |
SME, CHURCH COMPOUND,, BAJORIA MARG,, SAHARANPUR, |
C09633181 |
|
11 |
10201108 |
21/01/2010 |
15,000,000.00 |
PUNJAB NATIONAL BANK |
SME BRANCH, CHURCH COMPOUND, BAJORIA MARG, SAHARA |
A78777414 |
* Date of charge modification
FIXED ASSETS
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No 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.60.44 |
|
|
1 |
Rs.98.64 |
|
Euro |
1 |
Rs.78.20 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.