MIRA
INFORM REPORT
|
Report Date : |
17.09.2014 |
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
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
Exist |
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Comments : |
Subject is an established company having moderate track record. There appears some accumulated losses recorded by the company. However, trade relation are fair. Business is active. Payment terms are 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) |
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A1 |
A1 |
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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
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.
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-cooperative. (Tel. No.: 91-124-4937800)
LOCATIONS
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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 – 444
104, Maharashtra, India |
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Tel. No.: |
91-724-2259012-15 |
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Fax No.: |
91-724-2259091 |
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 |
|
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 |
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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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Exports : |
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Products : |
Not Divulged |
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Countries : |
Not Divulged |
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Imports : |
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Products : |
Not Divulged |
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Countries : |
Not Divulged |
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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 |
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Pungent Oil* |
M.T. |
2,805 |
|
Oiled Cake |
M.T. |
1,398 |
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*Includes Nil MT Mustard Pungent Oil produced during trial run
operation |
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GENERAL INFORMATION
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Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
Information declined by the management |
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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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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 |
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|
|
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|
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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|
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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 |
|
|
|
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(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 |
|
|
|
|
|
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(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
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Total Shareholders’
Funds (1) + (2) |
393.919 |
261.254 |
372.369 |
|
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(3) Non-Current Liabilities |
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|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
82.500 |
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(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 |
|
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(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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|
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TOTAL |
4289.143 |
2912.377 |
1654.439 |
|
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II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
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(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 |
|
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(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 |
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Income |
|
|
6139.638 |
|
|
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Other Income |
|
|
104.125 |
|
|
|
TOTAL |
13810.130 |
7233.579 |
6243.763 |
|
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Less |
EXPENSES |
|
|
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|
|
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Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
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|
|
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TOTAL |
13637.151 |
7627.196 |
6301.597 |
|
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PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
172.979 |
(393.617) |
(57.834) |
|
|
|
|
|
|
|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION |
40.314 |
35.863 |
33.378 |
|
|
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|
|
|
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|
PROFIT / (LOSS)
BEFORE TAX |
132.665 |
(429.480) |
(91.212) |
|
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|
Less |
TAX |
0.000 |
(37.048) |
35.465 |
|
|
|
|
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|
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|
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|
PROFIT / (LOSS)
AFTER TAX |
132.665 |
(392.432) |
(126.677) |
|
|
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|
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|
|
|
|
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 |
Yes |
|
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 |
CASE DETAILS
IN THE HIGH COURT OF DELHI AT NEW DELHI
CS(OS) 198/2014
VIKAS GLOBALONE LIMITED ..... Plaintiff
Through: Mr. Deepak Vohra, Adv.
versus
ADM AGRO INDUSTRIES KOTA AND AKOLA PRIVATE LIMITED
..... Defendant
Through: Mr. Lalan Singh, Adv.
CORAM:
BHUPESH KUMAR, JOINT REGISTRAR (JUDICIAL)
ORDER
08.08.2014
I.A.No.14730/2014 under Order 8 Rule 1 CPC moved on behalf of defendant
seeking condonation of delay in filing written statement.
File perused. Learned counsel for the plaintiff has opposed the
delay in filing of written statement.
However, considering the fact that the written statement has
already come on record, the delay, if any, stands condoned. The written
statement is taken on record.
IA stands disposed of.
CS(OS) 198/2014
Learned counsel for the
plaintiff seeks some time to file
replication. Be filed within four weeks from today with advance copy to
the defendant.
CS(OS) 198/2014 1/2
Let parties of both the sides file their respective
original/certified copies of the documents within six weeks with copies
to be exchanged.
Re-notify the matter for completion of pleadings and for admission/denial of
the documents on 10.12.2014.
BHUPESH KUMAR
JOINT REGISTRAR (JUDICIAL)
AUGUST 08, 2014/jk
CS(OS) 198/2014 2/2
$ 9
INDEX OF CHARGES
No Charges Exist for Company
FIXED ASSETS
Tangible Assets
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office Equipment
Intangible Assets
·
Goodwill
· 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.61.10 |
|
|
1 |
Rs.99.05 |
|
Euro |
1 |
Rs.79.03 |
INFORMATION DETAILS
|
Information Gathered
by : |
HTL |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
DPH |
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 |
YES |
|
--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.