MIRA INFORM REPORT
|
Report No. : |
318343 |
|
Report Date : |
23.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
3F INDUSTRIES LIMITED (w.e.f. 08.08.2012) |
|
|
|
|
Formerly Known
As : |
FOODS FATS AND FERTILISERS LIMITED |
|
|
|
|
Registered
Office : |
Tanuku Road, West Godavari District, Tadepallegudem, - 534102, Andhra
Pradesh |
|
Tel. No.: |
91-8818-222571 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
10.05.1960 |
|
|
|
|
Com. Reg. No.: |
01-000888 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 96.567 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24120AP1960PLC000888 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACF2643K |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Edible Oil and Allied Products. |
|
|
|
|
No. of Employees
: |
1000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 4000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. General financial position of the company is normal and acceptable for
business dealing. The rating also takes into account the long track record of operations
of the company, experience of management and integrated business model with a
diverse product basket. Trade relations are reported as fair. Business is active. Payments
terms are reported to be usually correct. 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities: “BBB+” |
|
Rating Explanation |
Moderate degree of safety. It carry moderate
credit risk. |
|
Date |
06.01.2015 |
|
|
|
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities: “A2” |
|
Rating Explanation |
Strong degree of safety and carry low credit
risk. |
|
Date |
06.01.2015 |
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 PARTED BY
|
Name : |
Mr. Nagabhushanam |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9346911982 |
|
Date : |
21.04.2015 |
LOCATIONS
|
Registered Office/ Factory : |
Tanuku Road, West Godavari District, Tadepallegudem, - 534102, Andhra
Pradesh, India |
|
Tel. No.: |
91-8818-222571 |
|
Mobile No.: |
91-9346911982 (Mr. Nagabhushanam) |
|
Fax No.: |
91-8818-222172 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
As on: 30.09.2014
|
Name : |
Mr. Goenka Shivbhagwan |
|
Designation : |
Whole time Director |
|
Address : |
47, Kasturi Avenue MRC Nagar, R. A. Puram, Chennai – 600028,
Tamilnadu, India |
|
Date of Birth/Age : |
08.06.1938 |
|
Qualification : |
BCOM |
|
Date of Appointment : |
10.05.1960 |
|
PAN No.: |
AABPG4292P |
|
DIN No.: |
00350224 |
|
|
|
|
Name : |
Mr. Goenka Bharatkumar |
|
Designation : |
Whole time Director |
|
Address : |
W-149, Greater Kailash – II, New Delhi – 110048, India |
|
Date of Birth/Age : |
10.05.1943 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
22.03.1980 |
|
PAN No.: |
AACPG0206G |
|
DIN No.: |
01290474 |
|
|
|
|
Name : |
Mr. Goenka Sitaram |
|
Designation : |
Whole time Director |
|
Address : |
Now No. 57, 2nd Main Road, R. A. Puram Chennai – 600028,
Tamilnadu, India |
|
Date of Birth/Age : |
14.06.1947 |
|
Qualification : |
BSC,MBA |
|
Date of Appointment : |
09.05.1997 |
|
PAN No.: |
ACBPG6542Q |
|
DIN No.: |
00552269 |
|
|
|
|
Name : |
Mr. Goenka Sushil |
|
Designation : |
Whole time Director |
|
Address : |
PB No. 15, Tenuku Road, Tedepelligudem – 1, India |
|
Date of Birth/Age : |
10.07.1954 |
|
Qualification : |
BTECH |
|
Date of Appointment : |
09.05.1997 |
|
PAN No.: |
AACPG5925A |
|
DIN No.: |
00533097 |
|
|
|
|
Name : |
Mr. Goenka Om Prakash |
|
Designation : |
Whole time Director |
|
Address : |
PB No. 15, Tenuku Road, Tedepelligudem – 1, India |
|
Date of Birth/Age : |
12.12.1941 |
|
Qualification : |
BSC |
|
Date of Appointment : |
23.12.2004 |
|
PAN No.: |
AABPG4291Q |
|
DIN No.: |
00533274 |
|
|
|
|
Name : |
Mr. Saraogi Vinod Kumar |
|
Designation : |
Director |
|
Address : |
51 A, Chamiere Road, R. A. Puram, Chennai – 600028, Tamilnadu, India |
|
Date of Birth/Age : |
12.07.1955 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
25.02.1988 |
|
PAN No.: |
AAAPV9842P |
|
DIN No.: |
00496254 |
|
|
|
|
Name : |
Mr. Jatia Shiv Kumar |
|
Designation : |
Director |
|
Address : |
B50, Gulmohar Park, New Delhi – 110049, India |
|
Date of Birth/Age : |
10.10.1952 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
06.11.1989 |
|
PAN No.: |
AABPJ7582K |
|
DIN No.: |
00006187 |
|
|
|
|
Name : |
Mr. Jitendra Goenka |
|
Designation : |
Whole-Time Director |
|
Address : |
New No.113, Old No.47, Kasturi Avenue, M.R.C. Nagar, R.A.Puram, Chennai-600028, Tamilnadu, India |
|
Date of Birth/Age : |
17.07.1968 |
|
Date of Appointment : |
13.10.2013 |
|
PAN No.: |
AABPG0952C |
|
DIN No.: |
01458556 |
|
|
|
|
Name : |
Mr. Sanjay Goenka |
|
Designation : |
Director |
|
Address : |
8-2-581/1, Road No.8, Banjara Hills, Hyderabad-500032, Andhra Pradesh, India |
|
Date of Birth/Age : |
12.03.1967 |
|
Date of Appointment : |
06.11.1989 |
|
PAN No.: |
AABPJ7582K |
|
DIN No.: |
01470021 |
|
|
|
|
Name : |
Mr. Shiva Kumar Agarwal |
|
Designation : |
Director |
|
Address : |
B-4 Ceebros apts, saravana street,, T Nagar, Chennai-600017, Tamil Nadu, INDIA |
|
Date of Birth/Age : |
12.11.1965 |
|
Date of Appointment : |
09.12.2013 |
|
PAN No.: |
ABYPA9057E |
|
DIN No.: |
06758089 |
KEY EXECUTIVES
|
Name : |
Mr. R. Chandra Mouli |
|
Designation : |
Secretary |
|
Address : |
8/0, V Ramachandran, 135 A, SRP Colony, Mani Road, Jawahar Nagar,
Chennai – 600082, Tamilnadu, India |
|
Date of Birth/Age : |
20.05.1956 |
|
Date of Appointment : |
26.04.2000 |
|
PAN No.: |
AAFPR5453F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2014
SHAREHOLDERS DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2014
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
6.39 |
|
Directors or relatives of directors |
|
93.60 |
|
Other top fifty shareholders |
|
0.01 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Edible Oil and Allied Products. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cash and Credit (30/60/90 Days) |
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Purchasing : |
Cash and Credit (30/60/90 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users, OEM’s
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No. of Employees : |
1000 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Brahmayya and Company Chartered Accountants |
|
Address : |
33-25-33/B, Surya Rao Pet, Vijayawada, India |
|
PAN No.: |
AADFB8032G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiaries : |
|
|
|
|
|
Fellow Subsidiary
company: |
Parker International Pte. Limited, Singapore |
CAPITAL STRUCTURE
After As on
19.09.2014
Authorised Capital : Rs.180.000 Million
Issued, Subscribed & Paid-up Capital : Rs.104.566
Million
As on: 19.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13000000 |
Equity Shares |
Rs.10/- each |
Rs. 130.000 Million |
|
|
|
|
|
Issued and Subscribed capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10616725 |
Equity Shares |
Rs.10/- each |
Rs. 106.167
Million |
|
|
|
|
|
Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9656725 |
Equity Shares |
Rs.10/- each |
Rs. 96.567
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 |
96.567 |
106.167 |
106.167 |
|
(b) Reserves & Surplus |
1296.176 |
1294.366 |
1132.215 |
|
(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) |
1392.743 |
1400.533 |
1238.382 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1035.688 |
1181.132 |
940.871 |
|
(b) Deferred tax liabilities
(Net) |
379.091 |
268.972 |
193.658 |
|
(c) Other long term
liabilities |
21.654 |
20.339 |
23.207 |
|
(d) long-term provisions |
227.580 |
253.613 |
207.895 |
|
Total
Non-current Liabilities (3) |
1664.013 |
1724.056 |
1365.631 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
894.983 |
363.107 |
661.129 |
|
(b) Trade payables |
3552.939 |
2527.120 |
2265.098 |
|
(c) Other current liabilities |
546.464 |
432.683 |
296.496 |
|
(d) Short-term provisions |
143.794 |
87.784 |
85.581 |
|
Total
Current Liabilities (4) |
5138.180 |
3410.694 |
3308.304 |
|
|
|
|
|
|
TOTAL |
8194.936 |
6535.283 |
5912.317 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2639.933 |
2431.305 |
1046.107 |
|
(ii) Intangible Assets |
2.090 |
3.135 |
4.180 |
|
(iii) Capital work-in-progress |
52.961 |
194.098 |
703.208 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
500.052 |
418.755 |
362.655 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
328.558 |
374.612 |
425.001 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
3523.594 |
3421.905 |
2541.151 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
52.747 |
0.000 |
36.358 |
|
(b) Inventories |
2962.823 |
1882.523 |
1204.021 |
|
(c) Trade receivables |
611.689 |
230.428 |
300.065 |
|
(d) Cash and cash equivalents |
253.365 |
256.022 |
1279.087 |
|
(e) Short-term loans and
advances |
743.300 |
696.444 |
546.633 |
|
(f) Other current assets |
47.418 |
47.961 |
5.002 |
|
Total
Current Assets |
4671.342 |
3113.378 |
3371.166 |
|
|
|
|
|
|
TOTAL |
8194.936 |
6535.283 |
5912.317 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
11231.269 |
9001.131 |
5934.409 |
|
|
Other Income |
202.020 |
93.722 |
72.974 |
|
|
TOTAL
(A) |
11433.289 |
9094.853 |
6007.383 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
8309.909 |
5770.152 |
3567.392 |
|
|
Purchases of Stock-in-Trade |
1019.425 |
1904.225 |
1008.806 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
-286.921 |
-425.956 |
-40.998 |
|
|
Employees benefits expense |
271.286 |
204.255 |
181.362 |
|
|
Other expenses |
1410.311 |
1083.180 |
891.014 |
|
|
Exceptional Items |
0.000 |
5.667 |
0.000 |
|
|
TOTAL
(B) |
10724.010 |
8541.523 |
5607.576 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (C) |
709.279 |
553.330 |
399.807 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
268.769 |
212.755 |
128.069 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
440.510 |
340.575 |
271.738 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
164.359 |
99.710 |
80.623 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
276.151 |
240.865 |
191.115 |
|
|
|
|
|
|
|
Less |
TAX
(H) |
118.750 |
78.713 |
64.774 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H)
(I) |
157.401 |
162.152 |
126.341 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
16.03 |
15.27 |
11.71 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.40 |
1.80 |
2.13 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
6.32 |
6.15 |
6.74 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.61 |
4.07 |
3.94 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.17 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.39 |
1.10 |
1.29 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.91 |
0.91 |
1.02 |
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 |
106.167 |
106.167 |
96.567 |
|
Reserves & Surplus |
1132.215 |
1294.366 |
1296.176 |
|
Net
worth |
1238.382 |
1400.533 |
1392.743 |
|
|
|
|
|
|
long-term borrowings |
940.871 |
1181.132 |
1035.688 |
|
Short term borrowings |
661.129 |
363.107 |
894.983 |
|
Total
borrowings |
1602.000 |
1544.239 |
1930.671 |
|
Debt/Equity
ratio |
1.294 |
1.103 |
1.386 |
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) |
|
Sales |
5934.409 |
9001.131 |
11231.269 |
|
|
|
51.677 |
24.776 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
5934.409 |
9001.131 |
11231.269 |
|
Profit |
126.341 |
162.152 |
157.401 |
|
|
2.13% |
1.80% |
1.40% |
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 |
Yes |
|
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 |
Yes |
|
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 |
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As on 31.03.2014 |
As on 31.03.2013 |
|
Long term
borrowings |
|
|
|
Deferred payment liabilities |
192.381 |
184.343 |
|
Deposits |
148.711 |
130.340 |
|
|
|
|
|
Short term
borrowings |
|
|
|
Deposits |
211.577 |
189.875 |
|
Loans and advances from related parties |
23.067 |
132.666 |
|
|
|
|
|
Total |
575.736 |
637.224 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10548503 |
07/01/2015 |
300,000,000.00 |
AXIS BANK LIMITED |
KARUMUTHU NILAYAM, GROUND FLOOR,, 192, ANNA SALAI , CHENNAI,
Tamil Nadu - 600002, INDIA |
C43227339 |
|
2 |
10527349 |
07/11/2014 * |
6,246,000,000.00 |
STANDARD CHARTERED BANK |
NO. 19, RAJAJI SALAI, CHENNAI, Tamil Nadu - 600001, INDIA |
C33099300 |
|
3 |
10514418 |
21/07/2014 |
230,000,000.00 |
CTBC BANK CO. LTD. |
Plot No.42 (Old No.105), Chennai Bangalore Highway , NH4, Sriperumbudur,
Kancheepuram,, Tamilnadu, Tamil Nadu - 602105, INDIA |
C16098451 |
|
4 |
10444963 |
27/08/2013 |
660,270,000.00 |
Standard Chartered Bank |
19, Rajaji Salai, Chennai, Tamil Nadu - 600001, INDIA |
B83032680 |
|
5 |
10444965 |
30/12/2014 * |
1,360,417,000.00 |
STANDARD CHARTERED BANK |
NO. 19, RAJAJI SALAI, CHENNAI, Tamil Nadu - 600001, INDIA |
C39936869 |
|
6 |
10379706 |
15/02/2013 * |
450,000,000.00 |
AXIS BANK LIMITED |
KARIMUTHU NILAYAM, GROUND FLOOR, 192, ANNA SALAI, |
B72514482 |
|
7 |
10243028 |
30/12/2014 * |
846,340,000.00 |
STANDARD CHARTERED BANK |
NO. 19, RAJAJI SALAI, CHENNAI, Tamil Nadu - 600001, INDIA |
C39936851 |
|
8 |
10214413 |
11/11/2013 * |
680,000,000.00 |
STANDARD CHARTERED BANK |
NO.19, RAJAJI SALAI, CHENNAI, Tamil Nadu - 600001, INDIA |
B89360911 |
|
9 |
10207546 |
25/08/2014 * |
1,105,000,000.00 |
AXIS BANK LIMITED |
KARUMUTHU NILAYAM, GROUND FLOOR,, 192, ANNA SALAI, CHENNAI, Tamil Nadu
- 600002, INDIA |
C22639942 |
|
10 |
10129305 |
06/11/2008 |
36,500,000.00 |
AP STATE FINANCIAL CORPORATION |
D.NO 5-9-194,CHIRAGALI LANE, HYDERABAD, Andhra Pradesh - 500001, INDIA |
A50163856 |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Factory equipment’s
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipment’s
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. 62.81 |
|
|
1 |
Rs. 93.85 |
|
Euro |
1 |
Rs. 67.58 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
JYTK |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
|
50 |
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.