MIRA INFORM REPORT
|
Report No. : |
316965 |
|
Report Date : |
11.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
BUNGE INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
601C and 601D, 6th Floor, The Capital, C-70, G-Block,
Bandra-Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra |
|
Tel No.: |
91-22-40509500 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
12.03.1958 |
|
|
|
|
Com. Reg. No.: |
11-174267 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 147.993 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15421MH1958PTC174267 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG7034K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trading in crude Edible oil, Agricultural commodities,
and other related activities and also Manufacturing and Trading of Vanaspati,
Edible Oils and Bakery Fats and Margarine. |
|
|
|
|
No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. The company has achieved better growth in its sales turnover whereas
has reported a loss from its operations during FY14. The rating also takes in to consideration operational, managerial and
financial support that Bunge India receives from its parent company. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term Rating = A |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
March 03, 2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term debt = A1 |
|
Rating Explanation |
Very strong degree of safety and lowest
credit risk. |
|
Date |
March 03, 2015 |
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 BY
|
Name : |
Mr. Victor |
|
Designation : |
Account Manager |
|
Contact No.: |
91-22-40509898 |
|
Date : |
10.04.2015 |
LOCATIONS
|
Registered Office : |
601C and 601D, 6th Floor, The Capital, C-70, G-Block,
Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India |
|
Tel. No.: |
91-22-40509898/ 99/ 40509500/ 26533768 |
|
Fax No.: |
91-22-40509898/ 99 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office: |
1st Floor, No.1, Old Air Port Road, Kodihall, Bangalore – 560008, Karnataka, India |
|
Tel No.: |
91-80-41265075 |
|
Fax No.: |
91-80-41265075 |
|
|
|
|
Factory 1: |
N.H. 12, P.O. Ramganj, Balaji District Bundi, Jaipur – 323001, |
|
Tel No.: |
91-747-2444840/ 2447623 |
|
Fax No.: |
91-747-2444525 |
|
|
|
|
Factory 2 : |
Foods Factory, Edamalaipatti, Pudur Trichy – 620012, |
DIRECTORS
AS ON 26.09.2014
|
Name : |
Mr. Samir Prempal Jain |
|
Designation : |
Managing director |
|
Address : |
201, Tower 11, Planet Godrej, Keshav Rao Khadye Marg, Mahalaxmi (East), Mumbai, Maharashtra, India |
|
Date of Birth/Age : |
22.09.1972 |
|
Qualification : |
B.Com and C.A |
|
Experience : |
19 Years |
|
Date of Appointment : |
01.03.2012 |
|
PAN No.: |
AAIPJ2477N |
|
DIN No.: |
05255615 |
|
|
|
|
Name : |
Mr. Michael David Goettl |
|
Designation : |
Director |
|
Address : |
238, Orchard Blvd, # 40 - 07, Singapore, 237973, Singapore |
|
Date of Birth/Age : |
15.03.1963 |
|
Date of Appointment : |
21.03.2014 |
|
DIN No.: |
06817384 |
|
|
|
|
Name : |
Mr. Sanjay Jindal |
|
Designation : |
Whole-time director |
|
Address : |
C-201, Raheja Regency, #90, Santhome High Road, R.A. Puram, Chennai, 600028, Tamilnadu, India |
|
Date of Birth/Age : |
28.05.1966 |
|
Qualification : |
ICWAI |
|
Experience : |
22 Years |
|
Date of Appointment : |
21.03.2014 |
|
PAN No.: |
AAAPJ0423C |
|
DIN No.: |
06804128 |
|
|
|
|
Name : |
Mr. Alok Mishra |
|
Designation : |
Whole-time director |
|
Address : |
Shah Arcade, Fl No. 1-736, Pl No. 4/5, Sec - 06, Kharghar, Tal - Panvel, Raigad - 410210, Maharashtra, India |
|
Date of Birth/Age : |
16.12.1971 |
|
Qualification : |
LLB |
|
Experience : |
16 Years |
|
Date of Appointment : |
21.03.2014 |
|
PAN No.: |
AJCPM0232H |
|
DIN No.: |
06804127 |
|
|
|
|
Name : |
Mr. John Joseph |
|
Designation : |
Director |
|
Address : |
Flat No. 201 Hillscapes, Pashan-Baner Link Road, Pashan, Pune - 411021, Maharashtra, India |
|
Date of Birth/Age : |
26.05.1966 |
|
Date of Appointment : |
31.07.2014 |
|
DIN No.: |
01520069 |
|
|
|
|
Name : |
Mr. Nataraj Subramanian |
|
Designation : |
Director |
|
Address : |
301, Ambrosia Building, Hiranandani Gardens, Powai, Mumbai - 400076, Maharashtra, India |
|
Date of Appointment : |
01.10.2008 |
|
DIN No.: |
01603182 |
KEY EXECUTIVES
|
Name : |
Mr. Gurdeep Kaur |
|
Designation : |
Secretary |
|
Address : |
B-25/397, Gobind Nagar, Near Sheranwala Gate, Patiala - 147001, Punjab, India |
|
Date of Birth/Age : |
16.09.1976 |
|
Date of Appointment : |
10.02.2012 |
|
PAN No.: |
AUXPK1340G |
|
|
|
|
Name : |
Mr. Victor |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.09.2014
|
Names of Shareholders |
No. of Shares |
|
Bunge Mauritius Holdings Limited, |
14799237 |
|
Vipin Gupta jointly with Bunge Mauritius Holdings Limited, Mauritius |
25 |
|
|
|
|
Total |
14799262 |
AS ON 26.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
99.99 |
|
Others |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading in crude Edible oil, Agricultural
commodities, and other related activities and also Manufacturing and Trading of
Vanaspati, Edible Oils and Bakery Fats and Margarine. |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by management |
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|||||||||||||||
|
Bankers : |
·
Standard Chartered Bank, Sansad Marg, New
Delhi, India ·
State Bank Of Bikaner and Jaipur, I.E.
Branch, Kota, Rajasthan, India |
|||||||||||||||
|
|
|
|||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
Tower
3, 27-32nd Floor, India Bulls Finance Centre, Elphinstone Mills
Compound, Senapati Bapte Marg, Elphinstone (West), Mumbai-400013,
Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFD4815A |
|
|
|
|
Cost Auditors : |
|
|
Name : |
N.I. Mehta and Company Cost Accountants |
|
Address : |
115, Jolly Maker Chambers, No. 2, Nariman Point,
Mumbai – 400021, Maharashtra, India |
|
E-Mail : |
|
|
|
|
|
Holding company : |
Bunge
Mauritius Holdings Limited |
|
|
|
|
Ultimate Holding Company : |
Bunge
Limited, Bermuda |
|
|
|
|
Bunge Group Company : |
·
Bunge S.A.-Geneva (BSA) ·
Grains and Industrial Products Trading Pte.
Ltd. (GRIPT)\ ·
Bunge Handelsgesellschaft MBH (BHH) ·
Bunge AgriTrade S.A. (BAT) ·
Bunge North America (BNA) ·
Bunge London Limited (BLL) ·
Ecoinvest SA, Switzerland (ECO) ·
Bunge Management Services Inc. (BMSI) ·
Bunge Chia Tai (Tianjin) ·
Grain and Oilseeds Limited (BCT) ·
Bunge Vietnam Limited (BVL) ·
Bunge Barcelona Limited (BBL) |
|
|
|
|
Subsidiary of Ultimate Holding Company : |
·
Bunge Global Markets Inc., USA (BGM) · Bunge Agribusiness Singapore Pte. Limited (BAS) |
|
|
|
|
Associate : |
Bunge
Management Services Incorporation |
|
|
|
|
Subsidiary company : |
Bunge
Foods Private Limited [U74120MH2012PTC236747] |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 250.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14,799,262 |
Equity Shares |
Rs.10/- each |
Rs. 147.993 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
147.993 |
147.993 |
147.993 |
|
(b) Reserves & Surplus |
6946.300 |
7990.100 |
5441.500 |
|
(c) Money
received against share warrants |
0.007 |
0.007 |
0.007 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
7094.300 |
8138.100 |
5589.500 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
4579.000 |
4586.100 |
4594.800 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
161.500 |
72.800 |
|
(c) Other long term
liabilities |
197.400 |
152.000 |
132.500 |
|
(d) long-term provisions |
280.900 |
142.600 |
120.400 |
|
Total Non-current
Liabilities (3) |
5057.300 |
5042.200 |
4920.500 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
8356.600 |
4697.700 |
1902.200 |
|
(b) Trade
payables |
5404.900 |
20131.200 |
6637.500 |
|
(c) Other
current liabilities |
62973.900 |
97805.700 |
40265.700 |
|
(d) Short-term
provisions |
21.900 |
35.500 |
21.300 |
|
Total Current
Liabilities (4) |
76757.300 |
122670.100 |
48826.700 |
|
|
|
|
|
|
TOTAL |
88908.900 |
135850.400 |
59336.700 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
4754.100 |
2373.200 |
1852.500 |
|
(ii)
Intangible Assets |
1973.300 |
2284.300 |
2635.000 |
|
(iii)
Capital work-in-progress |
99.300 |
2103.200 |
1123.300 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.100 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
332.100 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
3162.600 |
728.300 |
973.200 |
|
(e) Other
Non-current assets |
22.600 |
22.300 |
2.000 |
|
Total Non-Current
Assets |
10344.100 |
7511.300 |
6586.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current
investments |
529.100 |
352.900 |
0.000 |
|
(b)
Inventories |
8600.500 |
4392.300 |
3302.000 |
|
(c) Trade
receivables |
58791.700 |
97561.100 |
43347.500 |
|
(d) Cash
and cash equivalents |
8156.500 |
24906.900 |
5458.000 |
|
(e) Short-term
loans and advances |
2472.000 |
1091.100 |
643.200 |
|
(f) Other
current assets |
15.000 |
34.800 |
0.000 |
|
Total
Current Assets |
78564.800 |
128339.100 |
52750.700 |
|
|
|
|
|
|
TOTAL |
88908.900 |
135850.400 |
59336.700 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Net Sales |
609701.000 |
466262.000 |
263426.000 |
|
|
|
Other Income |
24904.000 |
14185.000 |
8395.000 |
|
|
|
TOTAL |
634605.000 |
480447.000 |
271821.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
635608.000 |
476110.000 |
269151.000 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(1003.000) |
4337.000 |
2670.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
535.000 |
498.000 |
175.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(1538.000) |
3839.000 |
2495.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(494.000) |
1290.000 |
800.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(1044.000) |
2549.000 |
1695.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
7906.000 |
5357.000 |
3662.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
6862.000 |
7906.000 |
5357.000 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(7.05) |
17.22 |
11.45 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(0.17) |
0.55 |
0.64 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.74) |
2.87 |
4.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.22) |
0.47 |
0.45 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.82 |
1.14 |
1.16 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.02 |
1.05 |
1.08 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
147.993 |
147.993 |
147.993 |
|
Reserves & Surplus |
5441.500 |
7990.100 |
6946.300 |
|
Money received against share warrants |
0.007 |
0.007 |
0.007 |
|
Net
worth |
5589.500 |
8138.100 |
7094.300 |
|
|
|
|
|
|
long-term borrowings |
4594.800 |
4586.100 |
4579.000 |
|
Short term borrowings |
1902.200 |
4697.700 |
8356.600 |
|
Total
borrowings |
6497.000 |
9283.800 |
12935.600 |
|
Debt/Equity
ratio |
1.162 |
1.141 |
1.823 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Net Sales |
263426.000 |
466262.000 |
609701.000 |
|
|
|
76.999 |
30.764 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Net Sales |
263426.000 |
466262.000 |
609701.000 |
|
Profit/Loss |
1695.000 |
2549.000 |
(1044.000) |
|
|
0.64% |
0.55% |
(0.17%) |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS: NOT AVAILABLE
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Debentures |
4550.000 |
4550.000 |
|
Deferred payment liabilities |
29.000 |
36.100 |
|
SHORT TERM BORROWINGS |
|
|
|
Working capital loans from banks |
2067.000 |
4684.700 |
|
Deferred payment liabilities |
7.100 |
13.000 |
|
Commercial paper |
5000.000 |
0.000 |
|
|
|
|
|
Total |
11653.100 |
9283.800 |
CHANGE OF ADDRESS
The Registered Office of the company has been shifted from B - 401 and
501, Business Square, Andheri- Kurla Road, Chakala, Andheri (East), Mumbai -
400093, Maharashtra, India to the present address w.e.f.29.04.2013.
FIXED ASSETS
·
Land
·
Buildings
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Computer equipments
·
Leasehold improvements
·
Goodwill
·
Brands and trade marks
·
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.62.37 |
|
|
1 |
Rs.91.60 |
|
Euro |
1 |
Rs.66.49 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
49 |
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.