MIRA
INFORM REPORT
|
Report Date : |
22.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
ALLANASONS LIMITED |
|
|
|
|
Registered
Office : |
Allana House, 4, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
01.02.1973 |
|
|
|
|
Com. Reg. No.: |
11-016285 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.19.099
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51990MH1973PLC016285 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA4533D |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Exporter of Processed Food Products and Agro
Commodities. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
A (57) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 12600000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having good track record. Fundamentals of the company is decent. Financial position of the
company is strong and healthy. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be regular and as per commitments. The company can be considered normal 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 wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Short term Bank facilities : A1+ |
|
Rating Explanation |
Very strong degree of safety and lowest
credit risk. |
|
Date |
February 07, 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 DECLINED BY
|
Name : |
Mr. Bony |
|
Designation : |
HR. Department |
|
Contact No.: |
91-22-66569000 |
|
Date : |
19.09.2014 |
LOCATIONS
|
Registered Office : |
Allana House, 4, Allana Road, Colaba, Mumbai – 400001, Maharashtra,
India |
|
Tel. No.: |
91-22 22811000/ 22874455 |
|
Fax No.: |
91-22 22044821/ 22047002 |
|
E-Mail : |
allanasons@allana.com
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Allana Centre, A. R. J. Allana Marg, 113 / 115 M.G Road, Fort, Mumbai - 400001, Maharashtra, India |
|
Tel. No.: |
91-22-22628000/ 66569000 |
|
Fax No.: |
91-22-22695700/ 22695701 |
|
E-Mail : |
|
|
|
|
|
Branch Offices : |
Located at: · Bangalore New Delhi Hyderabad Kochi Mangalore Hassan Aurangabad Zaheerabad Unnao Vashi Taloja Sahidabad Agra Veraval Dwarka Kalwa New Mumbai Mourigram |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Rashid Sohrab Kadimi |
|
Designation : |
Director appointed in casual vacancy |
|
Address : |
4C-14, Versova View, 4 Bunglow Road, Andheri (West), Mumbai – 400053,
Maharashtra, India |
|
Date of Birth/Age : |
17.07.1948 |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
09.05.2011 |
|
DIN No.: |
00212790 |
|
|
|
|
Name : |
Shaikh Khalil Shakil |
|
Designation : |
Additional director |
|
Address : |
Flat No. C-110, 1st Floor, Liberty Comp, Vashi, Navi Mumbai
– 400705, Maharashtra, India |
|
Date of Birth/Age : |
19.08.1969 |
|
Date of Appointment : |
01.09.2012 |
|
DIN No.: |
01205080 |
|
|
|
|
Name : |
Fauzan Mustafa Alavi |
|
Designation : |
Additional director |
|
Address : |
603-Carlton Court, Perry Cross Road, Bandra (West), Mumbai – 400050,
Maharashtra, India |
|
Date of Birth/Age : |
16.12.1969 |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
14.06.2011 |
|
DIN No.: |
03552053 |
|
|
|
|
Name : |
Nagaraja Keshavamurthy Agrahara |
|
Designation : |
Additional director |
|
Address : |
OPG Housing, Limited, Flat 17A, Plot No.1, Sector-2, Sanpada, Navi
Mumbai – 400705, Maharashtra,India |
|
Date of Birth/Age : |
02.09.1959 |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
18.10.2012 |
|
DIN No.: |
06401578 |
|
|
|
|
Name : |
Parag Pandurang Page |
|
Designation : |
Director appointed in casual vacancy |
|
Address : |
Girnar R/601, Gokhale Road, Mulund (East), Mumbai - 400081,
Maharashtra, India |
|
Date of Birth/Age : |
26.06.1969 |
|
Date of Appointment : |
12.06.2013 |
|
DIN No.: |
06600972 |
KEY EXECUTIVES
|
Name : |
Mr. Anvar |
|
Designation : |
General Manager in Finance |
|
|
|
|
Name : |
Mr. Afzal Aziz Contractor |
|
Designation : |
Vice President - Marketing |
|
Qualification : |
B.Com |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Phoenicia Shipping Company Limited, India |
159628 |
|
Allana Investments and Trading Company Limited, India |
31355 |
|
Soeb Nooruddin Bhatri holding as a Nominee for Allana Investments and
Trading Company Limited, India |
1 |
|
Anwar Yasin Chauhan holding as a Nominee for Allana Investments and
Trading Company Limited, India |
1 |
|
Mulky Krishna Haridas holding as a Nominee for Allana Investments and
Trading Company Limited, India |
1 |
|
Rashid Sohrab Kadimi holding jointly with Iqbal Abdulgani Soorya as a
nominee for Allana Investments and Trading Company Limited, India |
1 |
|
Iqbal Abdulgani Soorya holding jointly with Rashid Sohrab Kadimi as a
nominee for Allana Investments and Trading Company Limited, India |
1 |
|
|
|
|
Total |
190988 |
AS ON 30.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Bodies
corporate |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Exporter of Processed Food Products and Agro
Commodities. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
· Vijaya Bank, Overseas Branch, Nariman Point, Mumbai – 400021, Maharashtra, India Union Bank of India, Mumbai Samachar Marg Branch, 66/80
Mumbai Samachar Marg, Mumbai – 400023, Maharashtra, India |
|||||||||||||||
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|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rajendra and Company Chartered Accountants |
|
Address : |
1311, Dalamal Tower, 211 Nariman Point, Mumbai,
Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFB6405G |
|
|
|
|
Holding Company : |
Phoenicia Shipping Company Limited [U35110MH1976PLC019187] |
|
|
|
|
Subsidiary Company
: |
Allana Pharmachem Limited [U65990MH1984PLC032824] |
|
|
|
|
Associate Company : |
· Indagro Foods Limited [U15100MH1992PLC068160] Alagro Trading Limited [U51900MH1984PLC033754] Allana Cold Storage Limited [U63020MH1973PLC016807] |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200,000 |
Equity Shares |
Rs. 100/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
190,988 |
Equity Shares |
Rs. 100/- each |
Rs. 19.099
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 |
19.099 |
19.600 |
19.600 |
|
(b) Reserves & Surplus |
3134.307 |
2491.685 |
2167.492 |
|
(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) |
3153.406 |
2511.285 |
2187.092 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
3.640 |
3.150 |
0.000 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
802.551 |
358.431 |
13.775 |
|
Total Non-current
Liabilities (3) |
806.191 |
361.581 |
13.775 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
500.000 |
550.000 |
245.245 |
|
(b) Trade
payables |
13647.532 |
12556.985 |
8546.843 |
|
(c)
Other current liabilities |
33.517 |
175.582 |
666.866 |
|
(d) Short-term
provisions |
24.057 |
121.033 |
115.193 |
|
Total Current
Liabilities (4) |
14205.106 |
13403.600 |
9574.147 |
|
|
|
|
|
|
TOTAL |
18164.703 |
16276.466 |
11775.014 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
226.473 |
197.813 |
152.406 |
|
(ii)
Intangible Assets |
30.410 |
31.422 |
13.834 |
|
(iii)
Capital work-in-progress |
11.268 |
25.979 |
36.595 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
817.034 |
817.034 |
818.430 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
3.274 |
|
(d) Long-term Loan and Advances |
15.610 |
15.042 |
20.953 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1100.795 |
1087.290 |
1045.492 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
5791.436 |
5552.993 |
4722.576 |
|
(c)
Trade receivables |
5694.929 |
5473.734 |
3373.721 |
|
(d) Cash
and cash equivalents |
4094.636 |
3193.290 |
2215.161 |
|
(e)
Short-term loans and advances |
279.182 |
366.785 |
274.817 |
|
(f)
Other current assets |
1203.725 |
602.374 |
143.247 |
|
Total
Current Assets |
17063.908 |
15189.176 |
10729.522 |
|
|
|
|
|
|
TOTAL |
18164.703 |
16276.466 |
11775.014 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
77549.800 |
59402.282 |
47895.790 |
|
|
|
Other Income |
9.509 |
3.052 |
5.034 |
|
|
|
TOTAL (A) |
77559.309 |
59405.334 |
47900.824 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1936.222 |
1455.629 |
1156.911 |
|
|
|
Purchases of Stock-in-Trade |
68570.652 |
52929.657 |
43011.308 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(51.492) |
(312.711) |
(625.828) |
|
|
|
Employees benefits expense |
187.423 |
129.426 |
106.117 |
|
|
|
Other expenses |
5543.323 |
4328.038 |
3622.567 |
|
|
|
TOTAL (B) |
76186.128 |
58530.039 |
47271.075 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1373.181 |
875.295 |
629.749 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1373.181 |
875.295 |
629.749 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
44.921 |
35.947 |
32.106 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
(E-F) (G) |
1328.260 |
839.348 |
597.643 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
448.129 |
287.360 |
206.653 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
880.131 |
551.988 |
390.990 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
72314.300 |
54581.500 |
42417.300 |
|
|
|
|
|
|
|
|
|
CIF VALUE OF
IMPORTS |
283.300 |
85.500 |
1550.900 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4580.81 |
2816.27 |
1994.85 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.13 |
0.93 |
0.82 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.71 |
1.41 |
1.25 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.66 |
5.44 |
5.47 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.42 |
0.33 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.16 |
0.22 |
0.11 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.20 |
1.13 |
1.12 |
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 |
19.600 |
19.600 |
19.099 |
|
Reserves & Surplus |
2167.492 |
2491.685 |
3134.307 |
|
Net
worth |
2187.092 |
2511.285 |
3153.406 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
245.245 |
550.000 |
500.000 |
|
Total
borrowings |
245.245 |
550.000 |
500.000 |
|
Debt/Equity
ratio |
0.112 |
0.219 |
0.159 |
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 |
47895.790 |
59402.282 |
77549.800 |
|
|
|
24.024 |
30.550 |
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 |
47895.790 |
59402.282 |
77549.800 |
|
Profit |
390.990 |
551.988 |
880.131 |
|
|
0.82% |
0.93% |
1.13% |
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 |
10362020 |
19/06/2012 |
2,400,000,000.00 |
UNION BANK OF INDIA |
MUMBAI SAMACHAR MARG BRANCH, 66/80 MUMBAI SAMACHAR MARG, MUMBAI - 400023, MAHARASHTRA, INDIA |
B42190124 |
|
2 |
10341799 |
14/03/2012 |
1,600,000,000.00 |
VIJAYA BANK |
OVERSEAS BRANCH, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
B34868836 |
REVIEW IN OPERATIONS:
During the year the Company achieved a turnover of
Rs.77549.700 Millions as compared to Rs.59402.200 Millions in the previous
year, showing a growth of 30%. The profit after tax for the current year is
Rs.880.100 Millions compared to Rs. 551.900 Millions for the previous year.
FIXED ASSETS:
· Land
Buildings
Plant
and equipment
Furniture
and fixtures
Vehicles
Office
equipment
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.60.81 |
|
|
1 |
Rs.100.06 |
|
Euro |
1 |
Rs.78.47 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
57 |
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.