MIRA
INFORM REPORT
|
Report Date : |
16.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
DOLPHIN FOODS INDIA LIMITED [w.e.f.23.06.2010] |
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Formerly Known
As : |
DOLPHIN BEVERAGES AND FOODS LIMITED |
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Registered
Office : |
Survey No. 246 (Part), Bramhanapalli, Near Saibaba Temple,
X Road, Torrur Post, Hayath Nagar, Hyderabad - 501511, Telangana |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
22.09.1984 |
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Com. Reg. No.: |
004980 |
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Capital
Investment / Paid-up Capital : |
Rs. 30.019
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15499TG1984PLC004980 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDD04370C |
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PAN No.: [Permanent Account No.] |
AABFD5305J |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturing and Selling of Hard Boiled Sugar Confectionery. |
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|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 350000 |
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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. General financial position of the company seems to be sound and
healthy. Profitability of the company is decent. Trade relations are fair. Business is active. Payment 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
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 willfully 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 |
Cash Credit = BB |
|
Rating Explanation |
Inadequate degree of safety and high credit
risk. |
|
Date |
March 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 [GENERAL DETAILS]
|
Name : |
Mr. R. Balaji |
|
Designation : |
General Manager |
|
Contact No.: |
91-9912266433 |
|
Date : |
11.09.2014 |
LOCATIONS
|
Registered Office/ Factory : |
Survey No. 246 (Part), Bramhanapalli, Near Saibaba Temple,
X Road, Torrur Post, Hayath Nagar, Hyderabad - 501511, Telangana, India |
|
Tel. No.: |
91-8415-201505 |
|
Fax No.: |
Not Available |
|
E-Mail : |
accounts@dolphinfoodsindia.com
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|
Website : |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Arun Dev Sahayam Jabamany |
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|
Designation : |
Managing director |
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|
Address : |
H. No 5-7-1/467 and 468, Hariharapuram Colony, SKD Nagar,
Vanasthalipuram, Hyderabad – 500070, Andhra Pradesh, India |
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|
Date of Birth/Age : |
31.10.1980 |
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|
Date of Appointment : |
01.04.2013 |
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DIN No.: |
01663200 |
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Other Directorship :
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Name : |
Mrs. Periya Raj Sivaraman |
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Designation : |
Whole-time director |
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|
Address : |
16-2-867/17, Saidabad, Hyderabad - 500059, Andhra Pradesh, India |
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Date of Birth/Age : |
14.07.1977 |
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Date of Appointment : |
01.04.2013 |
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DIN No.: |
02425230 |
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Other Directorship :
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Name : |
Mr. Sivaraman Suresh Balaji |
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Designation : |
Whole-time director |
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|
Address : |
3/16A, Ayyanar Nagar, Paramnkurihi, Tiruchendur TK, Tutucorin – 628213, Tamilnadu, India |
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Date of Birth/Age : |
11.06.1984 |
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Date of Appointment : |
01.04.2013 |
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DIN No.: |
02607381 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. R. Balaji |
|
Designation : |
General Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Arun Dev Sahayam Jabamany |
|
1817300 |
|
Dev Sahayam Jabamany |
|
384300 |
|
Jabamany Lelavathy |
|
295000 |
|
A. Jancy Christy Bai |
|
15295 |
|
Periya Raj Sivaraman |
|
121329 |
|
R Kosalraj |
|
75782 |
|
G. Augustine |
|
80464 |
|
P. Nattarmuthu |
|
108563 |
|
T. Albert |
|
83119 |
|
Jeevarathinaraj |
|
3000 |
|
W. Bemla Raja Kumari |
|
5000 |
|
T. Immanuael Selvan |
|
2500 |
|
M. Rajitha |
|
2500 |
|
P. Siva Kumar |
|
1500 |
|
Paneer Doss |
|
1250 |
|
M. Vijayalakshmi |
|
2500 |
|
Raja Joeseph |
|
2500 |
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|
|
|
|
Total |
|
3001902 |
AS ON 30.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
87.72 |
|
Others
|
12.28 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Selling of Hard Boiled Sugar Confectionery. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
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Bankers : |
· State Bank of Hyderabad Dilsukh Nagar Branch, Opposite TV Tower, Moosarambaghv, Hyderabad - 500036, Andhra Pradesh, India · HDFC Bank Limited HDFC Bank House, Senapati Bapat Marg, Lower Parel [West], Mumbai - 400013, Maharashtra, India · The Karur Vysya Bank Limited D.No.2-2-1130/19/5/C, Shivam Road, Opposite Ati Campus, Iind Gate, New Nallakunta, Hyderabad - 500044, Andhra Pradesh, India · Indian Bank Visakapatnam Branch, Visakapatnam, Andhra Pradesh, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Manohar Murugesan and Rao Chartered Accountants |
|
Address : |
Plot No 21, H No 11-12-213, Road No 4 Income Tax Colony, Sri
Ramakrishnapuram, Hyderabad – 500035, Andhra Pradesh, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AGKPP0157B |
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Firm in which relatives of Director is partner : |
Waste-to Energies |
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Company in which relatives of Directors are interested : |
Veeramani Biscuit Industries Limited |
CAPITAL STRUCTURE
AFTER 31.07.2014
Authorised Capital : Rs. 40.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 33.019
Millions
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 40.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,001,902 |
Equity Shares |
Rs. 10/- each |
Rs. 30.019
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 |
30.019 |
30.019 |
20.019 |
|
(b) Reserves & Surplus |
58.689 |
27.639 |
14.050 |
|
(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) |
88.708 |
57.658 |
34.069 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
30.741 |
38.962 |
38.530 |
|
(b) Deferred tax liabilities (Net) |
8.074 |
6.099 |
2.383 |
|
(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) |
38.815 |
45.061 |
40.913 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
7.384 |
9.737 |
4.368 |
|
(b)
Trade payables |
15.939 |
6.329 |
7.829 |
|
(c) Other
current liabilities |
29.670 |
19.174 |
3.308 |
|
(d) Short-term
provisions |
14.476 |
4.473 |
2.848 |
|
Total Current
Liabilities (4) |
67.469 |
39.713 |
18.353 |
|
|
|
|
|
|
TOTAL |
194.992 |
142.432 |
93.335 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
106.134 |
78.817 |
34.619 |
|
(ii)
Intangible Assets |
0.114 |
0.106 |
0.120 |
|
(iii)
Capital work-in-progress |
18.749 |
21.847 |
27.682 |
|
(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 |
8.907 |
2.695 |
9.937 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
133.904 |
103.465 |
72.358 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
22.637 |
12.313 |
9.199 |
|
(c) Trade
receivables |
18.600 |
17.987 |
5.610 |
|
(d) Cash
and cash equivalents |
4.210 |
1.057 |
0.119 |
|
(e)
Short-term loans and advances |
15.440 |
7.517 |
5.976 |
|
(f)
Other current assets |
0.201 |
0.093 |
0.073 |
|
Total
Current Assets |
61.088 |
38.967 |
20.977 |
|
|
|
|
|
|
TOTAL |
194.992 |
142.432 |
93.335 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
288.798 |
160.173 |
112.171 |
|
|
|
Other Income |
0.203 |
0.071 |
0.045 |
|
|
|
TOTAL (A) |
289.001 |
160.244 |
112.216 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
199.614 |
112.919 |
83.804 |
|
|
|
Manufacturing Expenses |
14.412 |
8.505 |
5.488 |
|
|
|
Employees benefits expense |
14.993 |
8.471 |
5.926 |
|
|
|
Other expenses |
5.673 |
2.381 |
2.027 |
|
|
|
Changes in inventories of finished Goods |
(4.732) |
(1.610) |
(0.113) |
|
|
|
TOTAL (B) |
229.960 |
130.666 |
97.132 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
59.041 |
29.578 |
15.084 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6.467 |
6.344 |
2.791 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
52.574 |
23.234 |
12.293 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.522 |
2.947 |
1.605 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
46.052 |
20.287 |
10.688 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
15.002 |
6.698 |
3.105 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
31.050 |
13.589 |
7.583 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
27.639 |
14.050 |
6.467 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
58.689 |
27.639 |
14.050 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Components & Spare Parts |
0.323 |
0.057 |
0.000 |
|
|
|
Capital Goods |
6.252 |
1.151 |
9.307 |
|
|
TOTAL IMPORTS |
6.575 |
1.208 |
9.307 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
10.34 |
5.40 |
3.79 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
10.74 |
8.48 |
6.76 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
15.95 |
12.67 |
9.53 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
26.13 |
16.82 |
16.28 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.52 |
0.35 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.43 |
0.84 |
1.26 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.91 |
0.98 |
1.14 |
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 |
20.019 |
30.019 |
30.019 |
|
Reserves & Surplus |
14.050 |
27.639 |
58.689 |
|
Net
worth |
34.069 |
57.658 |
88.708 |
|
|
|
|
|
|
Long-term borrowings |
38.530 |
38.962 |
30.741 |
|
Short term borrowings |
4.368 |
9.737 |
7.384 |
|
Total
borrowings |
42.898 |
48.699 |
38.125 |
|
Debt/Equity
ratio |
1.259 |
0.845 |
0.430 |
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 |
112.171 |
160.173 |
288.798 |
|
|
|
42.794 |
80.304 |
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 |
112.171 |
160.173 |
288.798 |
|
Profit |
7.583 |
13.589 |
31.050 |
|
|
6.76% |
8.48% |
10.75% |
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 |
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 |
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10503358 |
16/04/2014 |
1,190,000.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
C06832018 |
|
2 |
10425557 |
29/04/2013 |
958,000.00 |
STATE BANK OF
HYDERABAD |
DILSUKHNAGAR
BRANCH, OPP: TV TOWER, MOOSARAMBAGH, HYDERABAD, ANDHRA PRADESH - 500036,
INDIA |
B75087080 |
|
3 |
10425559 |
29/04/2013 |
972,000.00 |
STATE BANK OF
HYDERABAD |
DILSUKHNAGAR
BRANCH, OPP: TV TOWER, MOOSARAMBAGH, HYDERABAD, ANDHRA PRADESH - 500036,
INDIA |
B75087379 |
|
4 |
10425560 |
29/04/2013 |
972,000.00 |
STATE BANK OF
HYDERABAD |
DILSUKHNAGAR
BRANCH, OPP: TV TOWER, MOOSARAMBAGH, HYDERABAD, ANDHRA PRADESH - 500036,
INDIA |
B75087650 |
|
5 |
10419749 |
06/04/2013 |
977,000.00 |
STATE BANK OF
HYDERABAD |
DILSUKHNAGAR
BRANCH, OPP: TV TOWER, MOOSARAMBAGH, HYDERABAD, ANDHRA PRADESH - 500036,
INDIA |
B73205502 |
|
6 |
10417749 |
28/03/2013 |
1,471,000.00 |
STATE BANK OF
HYDERABAD |
DILSUKHNAGAR
BRANCH, OPP: TV TOWER, MOOSARAMBAGH, HYDERABAD, ANDHRA PRADESH - 500036,
INDIA |
B72607906 |
|
7 |
10391964 |
02/11/2012 |
415,000.00 |
STATE BANK OF
HYDERABAD |
DILSUKHNAGAR
BRANCH, OPP: TV TOWER, MOOSARAMBAGH, HYDERABAD, ANDHRA PRADESH - 500036,
INDIA |
B64134646 |
|
8 |
10389248 |
18/10/2012 |
962,000.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B63070981 |
|
9 |
10389253 |
16/10/2012 |
593,209.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B63072391 |
|
10 |
10389250 |
11/10/2012 |
1,169,000.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B63071591 |
|
11 |
10365856 |
22/05/2012 |
611,000.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B43759299 |
|
12 |
10355279 |
24/04/2012 |
4,425,000.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B39498308 |
|
13 |
10135840 |
22/07/2014 * |
128,500,000.00 |
STATE BANK OF
HYDERABAD |
DILSUKHNAGAR
BRANCH, OPP: TV TOWER, MOOSARAMBAGH, HYDERABAD, ANDHRA PRADESH - 500036,
INDIA |
C15138282 |
* Date of charge modification
FIXED ASSETS:
· Land
Factory
Building
Plant
and Machinery
Office
Equipment
Lab
Equipments
Vehicles
Furniture
and Fixture
Tally
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] 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. 60.99 |
|
|
1 |
Rs. 99.10 |
|
Euro |
1 |
Rs. 79.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
BVA |
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 |
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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.