MIRA
INFORM REPORT
|
Report Date : |
12.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
ADM AGRO INDUSTRIES KOTA AND AKOLA PRIVATE LIMITED (w.e.f. 03.11.2011) |
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Formerly Known
As : |
GEEPEE AGRI PRIVATE LIMITED (w.e.f. 16.07.2009) NOBLE GRAIN INDIA PRIVATE LIMITED (w.e.f. 26.07.2006) SIDHARTH SOYA PRODUCTS PRIVATE LIMITED |
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Registered
Office : |
807, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
29.04.1991 |
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Com. Reg. No.: |
55-205408 |
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Capital
Investment / Paid-up Capital : |
Rs.605.113 Millions |
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CIN No.: [Company Identification
No.] |
U15493DL1991PTC205408 |
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PAN No.: [Permanent Account No.] |
AABCS9646L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is
primarily engaged in the business of manufacturing/ extraction/ trading and
refining of edible oils from oil seeds and trading of certain agricultural
products. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Maximum Credit Limit : |
USD 1575000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The Company has recorded some accumulated losses. However, trade relations are fair. Business is active. Payments terms
are reported to be slow but correct. The company can be considered for business dealing with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 |
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Insignificant |
A1 |
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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
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.
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 DENIED
MANAGEMENT NO CO-OPERATIVE (91-124-4937800)
LOCATIONS
|
Registered Office : |
807, New Delhi House, Barakhamba Road, Connaught Place, New Delhi –
110001, India |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office : |
Vatika Business Park, Block-2, 6th Floor, Gurgaon-Sohna
Express Way, Sector-49, Gurgaon – 122 018, Haryana, India |
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Tel. No.: |
91-124-4937800 |
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Fax No.: |
91-124-4937889 |
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Factory 1 : |
Sultanpur Road, Village Tathed ,District Kota – 325 201, Rajasthan,
India |
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Tel. No.: |
91-744-2863383 |
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Factory 2 : |
N-55, MIDC, Phase IV, Village Shivani, District Akola, Akola – 444104,
Maharashtra, India |
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Tel. No.: |
91-724-2259012-15 |
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Fax No.: |
91-724-2259091 |
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Factory 3 : |
B-1, Defence Colony, New Delhi – 110 024, India |
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Tel. No.: |
91-11-23354904 |
DIRECTORS
As on 27.09.2013
|
Name : |
Mr. Amit Bhuttan |
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Designation : |
Director |
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Address : |
5/376, Vaishali, Ghaziabad – 201 001, Uttar Pradesh, India |
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Date of Birth/Age : |
24.11.1974 |
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Date of Appointment : |
08.08.2011 |
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DIN No.: |
01088105 |
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Name : |
Mr. Chander Shekher Sharma |
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Designation : |
Director |
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Address : |
D-44, Ground Floor, Uppal South End, Sector – 49, Gurgaon Sohna Road,
Gurgaon – 122 003, Haryana, India |
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Date of Birth/Age : |
07.09.1955 |
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Date of Appointment : |
08.08.2011 |
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DIN No.: |
03591130 |
KEY EXECUTIVES
|
Name : |
Mr. Abhishek Aditya |
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Designation : |
Secretary |
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Address : |
House No.A-259, Majlis Park, Adarsh Nagar, Delhi – 110 033, India |
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Date of Birth/Age : |
12.11.1989 |
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Date of Appointment : |
01.04.2013 |
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PAN No.: |
AMAPA3522F |
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Mobile No.: |
91-9718059009 |
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E-Mail : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2013
|
Names of Shareholders |
No. of Shares |
|
ADM Agro Industries India Private Limited, India |
60511250 |
|
Amit Bhutan (Amit Bhuttan holds 1 Equity Share as Nominee of ADM Agro
Industries India Private Limited) |
1 |
|
Total |
60511251 |
As on 27.09.2013
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 : |
Subject is
primarily engaged in the business of manufacturing/ extraction/ trading and
refining of edible oils from oil seeds and trading of certain agricultural
products. |
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Products : |
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PRODUCTION STATUS (AS ON 31.03.2011)
Licensed Capacity and Installed Capacity (As Certified by Management)
|
Particulars |
Unit |
Licensed Capacity |
Installed Capacity |
|
Solvent Plant – Extraction of Vegetables Oils |
M.T. |
450000 |
450000 |
|
Refined Vegetables Oils |
M.T. |
93000 |
60000 |
|
Pungent and Expeller Oils |
M.T. |
60000 |
60000 |
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Particulars |
Unit |
Actual Production |
|
De-oiled Cake |
M.T. |
180,586 |
|
Vegetable Crude / Degummed Oil |
M.T. |
9,140 |
|
Refined Oil |
M.T. |
33,229 |
|
Pungent Oil* |
M.T. |
2,805 |
|
Oiled Cake |
M.T. |
1,398 |
|
*Includes Nil MT Mustard Pungent Oil produced during trial run
operation |
||
GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
·
State
Bank of Hyderabad, Commercial Branch, 74, Janpath, New Delhi – 110 001, India ·
The Hongkong and Shanghai Banking Corporation
Limited, 25, Barakhamba Road, New Delhi – 110 001, India ·
Standard Chartered Bank, H-2, Credit Risk
Control, Connaught Circus, New Delhi – 110 001, India |
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Banking
Relations : |
-- |
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|
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Financial Institution : |
·
Rabo India Finance Limited, GF/A-03 B, Ground
Floor, Building No.9, Tower A, DLF Cyber City, Phase-III, Gurgaon – 122 002,
Haryana, India ·
Madhya Pradesh Financial Corporation, Finance
House, A.B. Road, Indore – 452 001, Madhya Pradesh, India |
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Auditors : |
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Name : |
S.V. Ghatalia and Associates Chartered Accountants |
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Address : |
Golf View
Corporate, Tower – B, Sector - 42, Sector Road, Gurgaon,
Haryana, India |
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PAN No.: |
AACFS6921Q |
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Memberships : |
Federation of Indian Export Organisations (FIEO) |
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Holding Company : |
·
Siam Stock Holdings Limited, Mauritius ** ·
ADM Agro Industries India Private Limited, India
(CIN No.: U01403DL2009PTC189874) |
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Ultimate Holding Company: |
Archer Daniels Midland Company, United States |
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Fellow Subsidiary Company : |
·
ADM Agro Industries Dharwad Private Limited,
India (CIN No.: U74999DL2004PTC124262) ·
Toepfer International Asia Pte Limited, Singapore
·
Toepfer (India) Private Limited, India (CIN No.:
U15142MH1982PTC027550) ·
ADMISI Commodities Private Limited, India (CIN
No.: U74140MH2006PTC163998) ·
ADM Agro Industries Latur and Vizag Private
Limited, India (CIN No.: U15143DL1991PTC083071) ·
Toepfer International Asia Pte Limited.*** ·
Toepfer ( India) Private Limited*** ·
ADMISI Commodities Private Limited.*** |
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Enterprises owned or
significantly influenced by key management personnel or their relatives : |
·
Illingworth Marketing Private Limited, India (CIN
No.: U74899DL1994PTC090652) ** ·
Arvind Silk Mills Private Limited, India (CIN
No.: U18201DL1981PTC117449) ** ·
Geepee Softech Services Private Limited, India
(CIN No.: U51101DL2009PTC196536) ** |
*** w.e.f August 16, 2011
** upto August 16, 2011
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
80000000 |
Equity Shares |
Rs.10/- each |
Rs.800.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
60511251 |
Equity Shares |
Rs.10/- each |
Rs.605.113 Millions |
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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 |
605.113 |
605.113 |
577.905 |
|
(b) Reserves & Surplus |
(211.194) |
(343.859) |
(205.536) |
|
(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) |
393.919 |
261.254 |
372.369 |
|
|
|
|
|
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(3) Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
82.500 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
37.048 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term provisions |
7.940 |
2.943 |
0.000 |
|
Total Non-current Liabilities (3) |
7.940 |
2.943 |
119.548 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
3558.094 |
2076.559 |
584.883 |
|
(b) Trade payables |
212.610 |
501.094 |
426.622 |
|
(c) Other current
liabilities |
97.629 |
51.366 |
133.564 |
|
(d) Short-term provisions |
18.951 |
19.161 |
17.453 |
|
Total Current Liabilities (4) |
3887.284 |
2648.180 |
1162.522 |
|
|
|
|
|
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TOTAL |
4289.143 |
2912.377 |
1654.439 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
619.282 |
600.130 |
529.811 |
|
(ii) Intangible Assets |
0.060 |
0.204 |
0.310 |
|
(iii) Capital
work-in-progress |
18.547 |
0.719 |
77.834 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.140 |
0.209 |
0.220 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
65.399 |
47.427 |
46.059 |
|
(e) Other Non-current assets |
0.000 |
2.214 |
0.205 |
|
Total Non-Current Assets |
703.428 |
650.903 |
654.439 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
2121.990 |
1562.214 |
561.216 |
|
(c) Trade receivables |
994.066 |
92.955 |
168.491 |
|
(d) Cash and cash
equivalents |
45.405 |
25.029 |
148.395 |
|
(e) Short-term loans
and advances |
293.138 |
554.668 |
87.505 |
|
(f) Other current
assets |
131.116 |
26.608 |
34.393 |
|
Total Current Assets |
3585.715 |
2261.474 |
1000.000 |
|
|
|
|
|
|
TOTAL |
4289.143 |
2912.377 |
1654.439 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
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|
SALES |
|
|
|
|
|
|
|
Income |
|
|
6139.638 |
|
|
|
Other Income |
|
|
104.125 |
|
|
|
TOTAL |
13810.130 |
7233.579 |
6243.763 |
|
|
|
|
|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
13637.151 |
7627.196 |
6301.597 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
172.979 |
(393.617) |
(57.834) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
40.314 |
35.863 |
33.378 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
132.665 |
(429.480) |
(91.212) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
(37.048) |
35.465 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
132.665 |
(392.432) |
(126.677) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
(609.204) |
(216.772) |
(90.095) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(476.539) |
(609.204) |
(216.772) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
De-oiled Cake [FOB value] |
3531.776 |
849.463 |
48.247 |
|
|
TOTAL EARNINGS |
3531.776 |
849.463 |
48.247 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
226.462 |
41.621 |
78.694 |
|
|
|
Spare and Stores |
0.129 |
0.000 |
0.000 |
|
|
|
Traded Goods |
0.000 |
0.000 |
139.490 |
|
|
TOTAL IMPORTS |
226.591 |
41.621 |
218.184 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
2.19 |
(6.49) |
(4.36) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.96 |
(5.42) |
(2.03) |
|
|
|
|
|
|
|
(PBT/Sales) |
(%) |
NA |
NA |
(1.48) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.11 |
(14.75) |
(5.79) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34 |
(1.64) |
(0.24) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
9.03 |
7.95 |
1.79 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.92 |
0.85 |
0.86 |
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 |
577.905 |
605.113 |
605.113 |
|
Reserves & Surplus |
(205.536) |
(343.859) |
(211.194) |
|
Net worth |
372.369 |
261.254 |
393.919 |
|
|
|
|
|
|
long-term borrowings |
82.500 |
0.000 |
0.000 |
|
Short term borrowings |
584.883 |
2076.559 |
3558.094 |
|
Total borrowings |
667.383 |
2076.559 |
3558.094 |
|
Debt/Equity ratio |
1.792 |
7.948 |
9.033 |
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) |
|
Total Income |
6243.763 |
7233.579 |
13810.130 |
|
|
|
15.853 |
90.917 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
6243.763 |
7233.579 |
13810.130 |
|
Profit |
(126.677) |
(392.432) |
132.665 |
|
|
(2.03%) |
(5.43%) |
0.96% |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Rupee term loan from bank |
2192.000 |
0.000 |
|
Foreign currency
term loans from banks |
0.000 |
15.227 |
|
Working capital
loans from banks |
1000.000 |
960.000 |
|
Loans repayable
on demand |
366.094 |
1101.332 |
|
|
|
|
|
Total |
3558.094 |
2076.559 |
INDEX OF CHARGES
No Charges Exist for Company
FIXED ASSETS
Tangible Assets
œ Land
œ Buildings
œ Plant and Equipment
œ Furniture and Fixtures
œ Vehicles
œ Office Equipment
Intangible Assets
œ Goodwill
œ 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 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] 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.60.91 |
|
|
1 |
Rs.98.66 |
|
Euro |
1 |
Rs.78.63 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--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.