MIRA INFORM REPORT
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Report No. : |
335446 |
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Report Date : |
05.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
MONDELEZ INDIA FOODS PRIVATE LIMITED (w.e.f. 30.12.2014) |
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Formerly Known
As : |
MONDELEZ INDIA FOODS LIMITED (w.e.f. 07.04.2014) CADBURY INDIA LIMITED (w.e.f. 01.12.1989) HINDUSTAN COCOA PRODUCTS LIMITED (w.e.f. 17.12.1982) CADBURY INDIA LIMITED (w.e.f. 18.06.1977) CADBURY INDIA PRIVATE LIMITED (w.e.f. 07.06.1977) CADBURY-FRY (INDIA) PRIVATE LIMITED |
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Registered
Office : |
Unit No. 2001, 20th Floor, Tower-3 (Wing C),
Indiabulls Finance Centre Parel, Mumbai – 400013, Maharashtra |
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Tel. No.: |
91-22-33963100 |
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Country : |
India |
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Financials (as
on) : |
31.12.2013 |
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Date of
Incorporation : |
19.07.1948 |
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Com. Reg. No.: |
11-006457 |
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Capital
Investment / Paid-up Capital : |
Rs. 310.670
Million |
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CIN No.: [Company Identification
No.] |
U15430MH1948PTC006457 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNEC05932D MUMC11991A PNEC05384B PNEC05376A MUMC00212C |
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PAN No.: [Permanent Account No.] |
AAACCO460H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing and Sale of Food Products. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
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MIRA’s Rating : |
Aa (81) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is a part of the “Mondelez International Inc. Group”. It is an old and well established company having fine track record. Financially the company performance seems to be strong. Liquidity position
is good for the year ending December 2013. The rating also takes into consideration the robust brand image,
superior market position, strong financial risk profile marked by a strong
capital structure. Trade relations are reported to be fair. Business is active. Payments
are reported to be regular and as per commitment. The company can be considered for normal business dealings at usual
trade terms and condition. |
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
Not Available
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
31-03-2013.
INFORMATION DENIED BY
|
Name : |
Ms. Barkha Bordia |
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Designation : |
Finance Controller |
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Contact No.: |
91-22-33963100 |
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Date : |
04.08.2015 |
LOCATIONS
|
Registered Office: |
Unit No. 2001, 20th Floor, Tower-3 (Wing C), Indiabulls
Finance Centre Parel, Mumbai – 400013, Maharashtra, India |
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Tel. No.: |
91-22-33963100 |
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Fax No.: |
91-22-33963632 |
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E-Mail : |
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Website : |
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Regional Offices: |
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Factories: |
Hadbast No 199, Village Sandholi Baddi,
Tehsil- Nalagarh, District Solan-173205, Himachal Pradesh, India
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Cocoa
Operations: |
Sennakalpalayam, Dalavaipattinam P.O, Dharapuram - 638672, Tamilnadu, India |
DIRECTORS
AS ON 23.09.2014
|
Name : |
Mr. Chandramouli
Venkatesan |
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Designation : |
Managing Director |
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Address : |
1401-1407, La Mer Co-Operative Housing Society, Kaeshwari Temple Road,
Mount Mary Steps, Bandra-West, Mumbai - 400050, Maharashtra, India |
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Date of Birth/Age : |
18.06.1968 |
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Date of Appointment : |
01.01.2015 |
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DIN No.: |
00117372 |
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Name : |
Mr. Sree Kirat Patel |
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Designation : |
Whole Time Director |
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Address : |
Flat No.12, Apurva, 5, Napean Sea Road, Mumbai – 400036, Maharashtra, India |
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Date of Birth/Age : |
12.06.1958 |
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Date of Appointment : |
23.05.2011 |
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DIN No.: |
03554790 |
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Name : |
Mr. Sunil Kumar Taldar |
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Designation : |
Whole Time Director |
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Address : |
Cadbury India Limited, 09, Cadbury House, Mahalaxmi, Mumbai – 400026, Maharashtra, India |
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Date of Birth/Age : |
06.06.1965 |
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Date of Appointment : |
01.05.2011 |
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DIN No.: |
03573298 |
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Name : |
Mr. Bharath Venkatarao |
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Designation : |
Whole Time Director |
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Address : |
6 Bahar Uttam Housing Society, St Anthony Road, Chembur, Mumbai - 400071, Maharashtra, India |
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Date of Birth/Age : |
16.04.1968 |
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Date of Appointment : |
23.05.2014 |
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DIN No.: |
06877135 |
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Name : |
Mr. Arjun Bhowmik |
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Designation : |
Whole Time Director |
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Address : |
Po Prafullanagar, Ps Habra, District 24 Parganas (N), Kolkata, 743268,
West Bengal, India |
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Date of Appointment : |
01.01.2015 |
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DIN No.: |
07035167 |
KEY EXECUTIVES
|
Name : |
Ms. Barkha Bordia |
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Designation : |
Secretary |
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Address : |
Flat 101, Juhu Sai Darshan, “B” Gulmohar Cross Road, No.5, JVPD Scheme
Vile Parle (West), Mumbai – 40005, Maharashtra, India |
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Date of Birth/Age : |
05.09.1967 |
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Date of Appointment : |
15.06.2010 |
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PAN No.: |
ABJPB9179P |
MAJOR SHAREHOLDERS
AS ON 23.09.2014
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 23.09.2014
|
Category |
Percentage |
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Foreign holdings [Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others] |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing and Sale of Food Products. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS (31.12.2011)
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Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity @ |
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Malted Foods |
Tonnes |
* |
30,100 |
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|
Tonnes |
* |
900 |
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Chocolates/Coated Wafer Biscuits |
Tonnes |
* |
# |
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Hard Boiled Confectionary/Gums |
Tonnes |
* |
26,700 |
@ Installed
Capacity being a technical matter, is certified by the management and relied
upon by the auditors.
* Licensed
Capacity is not applicable as industrial licensing has been abolished in respect
of these products vide Notification No. SO-477(E) dated 25th July, 1991, issued
by the Department of Industrial Development, Ministry of Industry, Government
of India.
# These products are manufactured in an integrated plant and hence
Installed Capacity cannot be given.
|
Particulars |
Unit |
Actual
Production @ |
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Malted Foods |
Nos |
107,405,199 |
|
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Tens |
136,090 |
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Chocolates/Coated Wafer Biscuits |
Outers Bags Nos. Jars |
90,940,264 29,590,902 62,360,566 9,035,796 |
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Hard Boiled Confectionary/Gums |
Jars Bags |
4,883,170 6,030,664 |
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Gums |
Outers Jars |
2,544,160 7,342,127 |
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Biscuits |
Outers Pcs |
3,196,479 103,179,655 |
@ Production includes quantities produced by third parties under contract
with the Company.
* Figures do not include Cocoa Powder produced for captive consumption
in other products.
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Auditors : |
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Name : |
Lovelock and Lewes Chartered Accountants |
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Address : |
252, Veer Saverkar Marg, |
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PAN No.: |
AABFL5878L |
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Memberships : |
Not Divulged |
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Collaborators : |
Not Divulged |
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Ultimate Holding company (As on
31.12.2013) : |
· Mondelez International Inc |
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Holding company (As
on 31.12.2013) : |
· Cadbury Schweppes Overseas Limited |
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Subsidiary company
(As on 31.12.2013) : |
· Induri Farm Limited |
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Associate (As on
31.12.2013) : |
· Cadbury Mauritius Limited |
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Fellow Subsidiary company (As on
31.12.2013) : |
· Cadbury Enterprises Pte. Limited · Cadbury Confectionery · Malaysia Sdn. Bhd. · Mondelez Europe GmbH · Kraft Foods R&D Inc. · Mondelez Singapore Pte Ltd · Mondelez Bahrain Wll · Mondelez UK Holding and Service Limited · Mondelez International Holdings LLC · KJS India Private Limited · Mondelez Europe Services GmbH · Mondelez UK Confectionery Production Limited · Cadbury Adams (Thailand) Limited · Cadbury South Africa (Pty) Limited · Mondelez Asia Pacific Pte. Limited · CS Business Services (India) Private Limited · Cadbury UK Limited · Kent Gida Maddeleri Sanayii ve Ticaret Anonim Sirketi · Mondelez Deutschland Services GmbH & Co. KG · Mondelez Eastern · Europe, Middle East & Africa FZE · Mondelez Japan Limited · Mondelez Malaysia Sales Sdn. Bhd. · Mondelez Philippines, Inc. · Mondelez Production GmbH · Mondelez Schweiz GmbH · Mondelez Shanghai Food Corporate Mgt Co. Limited · Mondelez UK Limited · Mondelez UK R&D Limited · PT Mondelez Indonesia Manufacturing · PT Mondelez Indonesia Trading · Reading Scientific Services Limited |
CAPITAL STRUCTURE
AS ON 23.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
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37500000 |
Equity Shares |
Rs.10/- each |
Rs.375.000 Million |
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Issued, Subscribed & Paid-up Capital:
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No. of Shares |
Type |
Value |
Amount |
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|
31069553 |
Equity Shares |
Rs.10/- each |
Rs.303.184 Million |
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AS ON 31.12.2013
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
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37500000 |
Equity Shares |
Rs.10/- each |
Rs.375.000 Million |
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Issued, Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
31069553 |
Equity Shares |
Rs.10/- each |
Rs. 310.695
Million |
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Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
31067040 |
Equity Shares |
Rs.10/- each |
Rs. 310.670
Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
I.
EQUITY
AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
310.670 |
310.670 |
310.670 |
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(b) Reserves & Surplus |
17856.586 |
12873.165 |
9911.221 |
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(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) |
18167.256 |
13183.835 |
10221.891 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
42.997 |
55.002 |
63.313 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
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(c) Other long term
liabilities |
0.000 |
0.000 |
520.014 |
|
(d) long-term
provisions |
487.909 |
460.077 |
0.000 |
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Total Non-current Liabilities
(3) |
530.906 |
515.079 |
583.327 |
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(4)
Current Liabilities |
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(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
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(b) Trade
payables |
8510.497 |
7996.535 |
6391.927 |
|
(c) Other
current liabilities |
1815.146 |
1582.125 |
1312.098 |
|
(d) Short-term
provisions |
103.446 |
664.224 |
132.178 |
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Total Current
Liabilities (4) |
10429.089 |
10242.884 |
7836.203 |
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TOTAL |
29127.251 |
23941.798 |
18641.421 |
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II.
ASSETS |
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(1) Non-current
assets |
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(a) Fixed
Assets |
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(i)
Tangible assets |
9046.295 |
5953.523 |
5059.044 |
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(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
4932.172 |
2967.706 |
1780.142 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.225 |
0.225 |
0.225 |
|
(c) Deferred tax assets (net) |
13.849 |
718.622 |
189.080 |
|
(d) Long-term Loan and Advances |
1963.972 |
1468.029 |
716.016 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
15956.513 |
11108.105 |
7744.507 |
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(2)
Current assets |
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|
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|
(a)
Current investments |
385.140 |
0.000 |
390.118 |
|
(b)
Inventories |
5940.360 |
6766.273 |
4270.376 |
|
(c) Trade
receivables |
583.999 |
527.206 |
586.064 |
|
(d) Cash
and cash equivalents |
5015.494 |
4644.640 |
4893.667 |
|
(e)
Short-term loans and advances |
1213.971 |
882.029 |
526.002 |
|
(f) Other
current assets |
31.774 |
13.545 |
230.687 |
|
Total
Current Assets |
13170.738 |
12833.693 |
10896.914 |
|
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|
|
|
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TOTAL |
29127.251 |
23941.798 |
18641.421 |
PROFIT
& LOSS ACCOUNT
|
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PARTICULARS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
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SALES |
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Income |
46044.417 |
40571.772 |
33646.410 |
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Other Income |
439.965 |
580.724 |
1233.815 |
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TOTAL (A) |
46484.382 |
41152.496 |
34880.225 |
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Less |
EXPENSES |
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||
|
|
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Cost of Materials Consumed |
21684.944 |
19509.072 |
16221.546 |
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Purchase of Stock-in-trade |
176.644 |
136.931 |
238.578 |
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Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(505.907) |
(518.960) |
(106.049) |
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|
|
Employee Benefits Expenses |
3737.064 |
2719.368 |
2391.934 |
|
|
|
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Other Expenses |
17059.899 |
14793.533 |
11653.263 |
|
|
|
|
Extraordinary Items |
(2571.912) |
0.000 |
0.000 |
|
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|
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TOTAL (B) |
39580.732 |
36639.944 |
30399.272 |
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PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
6903.650 |
4512.552 |
4480.953 |
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Less |
FINANCIAL
EXPENSES (D) |
74.159 |
60.081 |
43.577 |
||
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|
|
|
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||
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|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
6829.491 |
4452.471 |
4437.376 |
||
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|
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||
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Less |
DEPRECIATION/
AMORTISATION (F) |
1070.783 |
792.369 |
674.060 |
||
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|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
5758.708 |
3660.102 |
3763.316 |
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|
|
|
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||
|
Less |
TAX (H) |
775.287 |
625.458 |
792.735 |
||
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|
|
|
|
|
||
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|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
4983.421 |
3034.644 |
2970.581 |
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EARNINGS IN
FOREIGN CURRENCY |
|
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||
|
|
|
Manufactured goods exported |
0.655 |
149.970 |
117.198 |
|
|
|
|
Traded goods exported |
0.000 |
0.951 |
|
|
|
|
|
Other Earnings |
276.673 |
203.987 |
128.989 |
|
|
|
TOTAL EARNINGS |
277.328 |
354.908 |
246.187 |
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IMPORTS |
|
|
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|
|
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Raw Materials |
3844.287 |
5440.737 |
3627.026 |
|
|
|
|
Stores & Spares |
16.596 |
37.884 |
92.504 |
|
|
|
|
Capital Goods |
3047.954 |
733.721 |
228.288 |
|
|
|
TOTAL IMPORTS |
6908.837 |
6212.342 |
3947.818 |
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||
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|
Earnings Per
Share (Rs.) |
160.41 |
97.68 |
95.62 |
||
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
Current Maturities of Long term debt |
10.193 |
8.311 |
9.028 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
5154.797 |
3112.742 |
3828.704 |
KEY
RATIOS
|
PARTICULARS |
|
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
Net Profit Margin PAT / Sales |
(%) |
10.82 |
7.48 |
8.83 |
|
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|
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|
Operating Profit Margin (PBDIT/Sales) |
(%) |
14.99 |
11.12 |
13.32 |
|
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|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
23.82 |
18.07 |
22.57 |
|
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|
Return on Investment (ROI) (PBT/Networth) |
|
0.32 |
0.28 |
0.37 |
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|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.01 |
|
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|
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|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.26 |
1.25 |
1.39 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
Rs.
In Million |
Rs. In
Million |
Rs.
In Million |
|
Share Capital |
310.670 |
310.670 |
310.670 |
|
Reserves & Surplus |
9911.221 |
12873.165 |
17856.586 |
|
Net
worth |
10221.891 |
13183.835 |
18167.256 |
|
|
|
|
|
|
long-term borrowings |
63.313 |
55.002 |
42.997 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities of Long term debt |
9.028 |
8.311 |
10.193 |
|
Total
borrowings |
72.341 |
63.313 |
53.190 |
|
Debt/Equity
ratio |
0.007 |
0.005 |
0.003 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales |
33646.410 |
40571.772 |
46044.417 |
|
|
|
20.583 |
13.489 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales
|
33646.410 |
40571.772 |
46044.417 |
|
Profit |
2970.581 |
3034.644 |
4983.421 |
|
|
8.83% |
7.48% |
10.82% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
|
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
UNSECURED LOANS:
|
Particulars |
31.12.2013 Rs. In Million |
31.12.2012 Rs. In Million |
|
Long Term Borrowings |
|
|
|
Borrowing from government semi-government bodies |
42.997 |
55.002 |
|
|
|
|
|
Total |
42.997 |
55.002 |
NO CHARGES EXIST FOR
THE COMPANY
FIXED ASSETS:
· Goodwill
· Know-how
· Freehold Land
· Leasehold Land
· Buildings
· Plant and Machinery
· Electrical Installation
· Furniture and Fittings
· Office Equipment
· Vehicles
PRESS RELEASE
Cadbury India Limited
is now Mondelez India Foods Limited
No
impact on product names or brands
Mumbai,
April 21, 2014: Cadbury India Limited, a subsidiary of Mondelēz
International Inc., has changed its name to Mondelez India Foods Limited. The
Company is focused on creating delicious moments of joy that is encapsulated in
its name – “monde” for world and “delez” for delicious. The change in name of
Cadbury is in line with the gradual changeover of the name of all subsidiaries
of Mondelēz International globally.
The
change in name of the company will have no impact on the names or packaging of
its popular products like Cadbury Dairy Milk, 5 Star, Gems, Bournville,
Perk, Celebrations, Choclairs, Halls, Bournvita,
Tang and Oreo, which will continue to be sold under the same
brand names as before. The only change consumers will experience is that the
new name of the company will appear on the back of pack of the products.
Manu
Anand, Managing Director, Mondelez India Foods Limited said, “With the
change in name of the company to Mondelez India Foods Limited, we conclude the
process of transition that began over two years ago. We are today the
pre-eminent and most loved food company in India with leadership in fast
growing categories, strong route to market, robust innovation pipeline and
world class talent and facilities. We view this change as yet another milestone
in this exciting journey of success and leadership.”
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.63.93 |
|
|
1 |
Rs.99.82 |
|
Euro |
1 |
Rs.70.05 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
9 |
|
PAID-UP CAPITAL |
1~10 |
9 |
|
OPERATING SCALE |
1~10 |
9 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILITY |
1~10 |
9 |
|
--LIQUIDITY |
1~10 |
9 |
|
--LEVERAGE |
1~10 |
9 |
|
--RESERVES |
1~10 |
9 |
|
--CREDIT LINES |
1~10 |
9 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
81 |
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.