MIRA INFORM REPORT
|
Report No. : |
337219 |
|
Report Date : |
17.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
KAMANI OIL INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Pooran Asha Building, Ground Floor, 317, Narsi Natha Street, Mumbai –
400009, Maharashtra |
|
Tel. No.: |
91-22-28478811/ 39970100 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
24.10.2002 |
|
|
|
|
Com. Reg. No.: |
11-137681 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 127.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15140MH2002PTC137681 |
|
|
|
|
IEC No.: |
0307097897 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCK4395B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of refining of crude edible
oil and manufacturing of Vanaspati, Bakery Shortenings, and specialty fats
and is also engaged in trading of various edible oil products |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
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 incorporated during the year 2002
having a satisfactory track record. The company has progressed well during FY 2014. General financial
position of the company is sound and healthy. 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
CRISIL |
|
Rating |
Long Term Rating (BBB) |
|
Rating Explanation |
Moderate degree of safety and carry moderate credit risk. |
|
Date |
25.08.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating (A3+) |
|
Rating Explanation |
Moderate degree of safety and carry higher credit risk. |
|
Date |
25.08.2014 |
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. George |
|
Designation : |
Senior Executive in Account |
|
Contact No.: |
91-22-28478811 |
|
Date : |
17.08.2015 |
LOCATIONS
|
Registered Office : |
Pooran Asha Building, Ground Floor, 317, Narsi Natha Street, Mumbai –
400009, Maharashtra, India |
|
Tel. No.: |
91-22-28478811/ 39970100 |
|
Fax No.: |
91-22-28478805 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Administrative Office : |
Chandavali Estate, Saki Vihar Road, Saki Naka, Mumbai – 400072,
Maharashtra, India |
|
Tel. No.: |
91-22-39970100 |
|
Fax No.: |
91-22-28478805 |
|
|
|
|
Factory : |
Honda Village, Takai Adoshi Road, Post Sajgaon, Khalapur, Khopoli
Raigad – 410203, Maharashtra, India |
|
Tel. No.: |
91-21-92305300 |
|
Fax No.: |
91-21-92305405 |
|
|
|
|
Branch Office : |
Located at
|
DIRECTORS
As on: 22.07.2014
|
Name : |
Mr. Tarachand Bodaram Chawla |
|
Designation : |
Managing Director |
|
Address : |
87, Jivan Niwas, 3rd Floor, A G K Road, Worli Sea Face,
Worli, Mumbai – 400025, Maharashtra, India |
|
Date of Birth/Age : |
17.12.1939 |
|
Date of Appointment : |
22.07.2014 |
|
PAN No.: |
AABPC1545R |
|
DIN No.: |
00763180 |
|
|
|
|
Name : |
Mr. Murlidhar Ghanshamdas Hemdev |
|
Designation : |
Additional Director |
|
Address : |
C-411, Raj Umang 2, Rawal Pada, Cross Road, Opposite S.V.C. Bank, Dahisar East, Mumbai-400068, Maharashtra, India |
|
Date of Appointment : |
12.11.2014 |
|
DIN No.: |
07004403 |
|
|
|
|
Name : |
Mr. Rajasekar Ramaraj |
|
Designation : |
Director |
|
Address : |
1-D Aum Apartments, 26, Kothari Road, Nungambakkam, Chennai - 600034, Tamilnadu, India |
|
Date of Birth/Age : |
16.02.1950 |
|
Date of Appointment : |
18.02.2012 |
|
DIN No.: |
00090279 |
|
|
|
|
Name : |
Mr. Nandlal Hassanand Chawla |
|
Designation : |
Director |
|
Address : |
4A, Jivan Niwas, 87, Worli Sea Face, Mumbai 400030,
Maharashtra, India |
|
Date of Birth/Age : |
09.06.1939 |
|
Date of Appointment : |
01.04.2007 |
|
PAN No.: |
AABPC1546N |
|
DIN No.: |
00763037 |
|
|
|
|
Name : |
Mr. Vinay Tarachand Chawla |
|
Designation : |
Director |
|
Address : |
3A, Jivan Niwas, 87, Worli Sea Face, Mumbai 400030,
Maharashtra, India |
|
Date of Birth/Age : |
19.06.1976 |
|
Date of Appointment : |
24.10.2002 |
|
PAN No.: |
ABOPC7671E |
|
DIN No.: |
00763078 |
|
|
|
|
Name : |
Mr. Prakash Nandlal Chawla |
|
Designation : |
Director |
|
Address : |
A-1902, 19th Floor, Beaumonde,, Appasaheb Marathe Marg,
Prabhadevi,, Mumbai - 400025, Maharashtra, India |
|
Date of Birth/Age : |
21.12.1963 |
|
Date of Appointment : |
24.10.2002 |
|
PAN No.: |
AABPC2796E |
|
DIN No.: |
00763147 |
|
|
|
|
Name : |
Mrs. Sangeeta Purushottam |
|
Designation : |
Director |
|
|
3202, Tower -2 Aqua, Planet Godrej, Keshav Rao Khadve Marg, Near Saat Rasta,, Mumbai-400011, Maharashtra, India |
|
Date of Birth/Age : |
21.07.1963 |
|
Date of Appointment : |
18.02.2012 |
|
DIN No.: |
01953392 |
KEY EXECUTIVES
|
Name : |
Mrs. Shradha Mahesh Lakhotia |
|
Designation : |
Secretary |
|
Address : |
C-109, Shetrunji Apartment, Sahakar Gram, Kandivali East, Mumbai - 400101, Maharashtra, India |
|
Date of Appointment : |
07.04.2014 |
|
PAN No.: |
AHYPL3730H |
|
|
|
|
Name : |
Mr. George |
|
Designation : |
Senior Executive in Account |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 22.07.2014
|
Names of
Shareholders (Equity Shares) |
|
No. of Shares |
|
Tarachand B. Chawla |
|
109126 |
|
Nandlal H. Chawla |
|
95546 |
|
Jyoti Chawla |
|
106050 |
|
Prakash N Chawla |
|
104356 |
|
Vinay T. Chawla |
|
294819 |
|
Geeta N. Chawla |
|
25452 |
|
Jaya P. Chawla |
|
23331 |
|
Prakash N Chawla ( HUF) |
|
23331 |
|
Devendra P. Chawla |
|
21210 |
|
Samrath P. Chawla |
|
21210 |
|
Sunil N. Chawla |
|
106477 |
|
Karuna S. Chawla |
|
23331 |
|
Sunil N. Chawla (HUF) |
|
23331 |
|
Harshvardhan S. Chawla |
|
21210 |
|
Pranav S. Chawla |
|
21210 |
|
Bodaram Sons, India |
|
10 |
|
International Finance Corporation, Washington, DC |
|
255000 |
|
|
|
1275000 |
Equity Share Break up (Percentage of Total Equity)
As on: 22.07.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
20.00 |
|
Directors or relatives of Directors |
80.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of refining of crude
edible oil and manufacturing of Vanaspati, Bakery Shortenings, and specialty fats
and is also engaged in trading of various edible oil products |
|
|
|
|
Products/ Services : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Advance Payment and Credit |
|
|
|
|
Purchasing : |
Cash, Advance Payment and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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|
||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers, End users
|
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|
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|
No. of Employees : |
200 (Approximately) |
||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
V. Sankar Aiyar and Company Chartered Accountants |
|
Address : |
2-C, Court Chambers, 35, New Marine Lines, Mumbai – 400020,
Maharashtra, India |
|
PAN No.: |
AAAFV0781D |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates : |
|
CAPITAL STRUCTURE
As on 22.07.2014
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.100/- each |
Rs.150.000 Millions |
|
2550000 |
Preference Shares |
Rs.100/- each |
Rs.255.000 Millions |
|
|
Total |
|
Rs. 405.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1275000 |
Equity Shares |
Rs.100/- each |
Rs.127.500 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 |
127.500 |
357.000 |
357.000 |
|
(b) Reserves & Surplus |
742.100 |
392.400 |
406.600 |
|
(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) |
869.600 |
749.400 |
763.600 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
124.100 |
161.200 |
237.400 |
|
(b) Deferred tax liabilities (Net) |
40.700 |
31.000 |
51.800 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
2.700 |
|
(d) long-term
provisions |
7.300 |
5.900 |
0.000 |
|
Total Non-current
Liabilities (3) |
172.100 |
198.100 |
291.900 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
2183.400 |
1444.800 |
1223.400 |
|
(c) Other
current liabilities |
149.100 |
168.600 |
156.900 |
|
(d) Short-term
provisions |
11.800 |
10.100 |
5.100 |
|
Total Current
Liabilities (4) |
2344.300 |
1623.500 |
1385.400 |
|
|
|
|
|
|
TOTAL |
3386.000 |
2571.000 |
2440.900 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
617.000 |
689.700 |
773.200 |
|
(ii) Intangible
Assets |
3.400 |
2.400 |
0.300 |
|
(iii)
Capital work-in-progress |
2.500 |
1.500 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.100 |
0.100 |
0.100 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
29.700 |
41.800 |
32.100 |
|
(e) Other
Non-current assets |
8.700 |
26.300 |
26.200 |
|
Total Non-Current
Assets |
661.400 |
761.800 |
831.900 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1826.400 |
1014.200 |
925.300 |
|
(c) Trade
receivables |
505.500 |
404.600 |
423.600 |
|
(d) Cash
and cash equivalents |
309.900 |
361.100 |
219.500 |
|
(e)
Short-term loans and advances |
59.900 |
17.900 |
24.400 |
|
(f) Other
current assets |
22.900 |
11.400 |
16.200 |
|
Total
Current Assets |
2724.600 |
1809.200 |
1609.000 |
|
|
|
|
|
|
TOTAL |
3386.000 |
2571.000 |
2440.900 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
8875.000 |
9423.047 |
8982.034 |
|
|
|
Other Income |
26.300 |
56.384 |
23.383 |
|
|
|
TOTAL |
8901.300 |
9479.431 |
9005.417 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
8609.300 |
9412.053 |
8922.922 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
8609.300 |
9412.053 |
8922.922 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
292.000 |
67.378 |
82.495 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
103.600 |
101.362 |
116.286 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
188.400 |
(33.984) |
(33.791) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
68.200 |
(19.823) |
(21.350) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
120.200 |
(14.161) |
(12.441) |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
234.800 |
249.003 |
261.444 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
355.000 |
234.842 |
249.003 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
4075.200 |
4771.000 |
4699.400 |
|
|
|
Capital Goods |
1.400 |
0.300 |
0.500 |
|
|
TOTAL IMPORTS |
4076.600 |
4772.100 |
4699.900 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
94.27 |
(3.97) |
(3.48) |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
24.800 |
90.900 |
91.888 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
140.100 |
304.400 |
729.300 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.35 |
(0.15) |
(0.14) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
3.29 |
0.71 |
0.92 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.57 |
(1.32) |
(1.38) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22 |
(0.05) |
(0.04) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.17 |
0.34 |
0.43 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.16 |
1.11 |
1.16 |
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 |
357.000 |
357.000 |
127.500 |
|
Reserves & Surplus |
406.600 |
392.400 |
742.100 |
|
Net worth |
763.600 |
749.400 |
869.600 |
|
|
|
|
|
|
long-term borrowings |
237.400 |
161.200 |
124.100 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities of
Long Term Debt |
91.888 |
90.900 |
24.800 |
|
Total borrowings |
329.288 |
252.100 |
148.900 |
|
Debt/Equity ratio |
0.431 |
0.336 |
0.171 |
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 |
8982.034 |
9423.047 |
8875.000 |
|
|
|
4.910 |
(5.816) |
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 |
8982.034 |
9423.047 |
8875.000 |
|
Profit |
(12.441) |
(14.161) |
120.200 |
|
|
(0.14%) |
(0.15%) |
1.35% |
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 |
Yes |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
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 |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
YEAR UNDER REVIEW:
Their gross profit amounted to Rs.850.000 Million as against Rs.500.000 Million in the previous year recording a growth of 70%. Profit before depreciation and tax has increased to Rs.290.000 Million (3.27% of total sales) as against Rs.70.000 Million in the previous year (0.74% of total sales).
Key Highlights
Strengthened access with institutional customers with new products and new customer’s
Implemented Go-to-Market for bakery fats that has been successfully launched in May2014.
They filed 2 patents for innovation in fat which represents significant breakthrough for our Rand D team.
They have a robust pipeline for new products, some of them have been marketed in 13-14 (details below).
Riso has achieved a market share of 23% in 2013-14.
New Products:
The demand for differentiated and high quality food products is growing and consumers are looking for tastier products with health benefits. The company is conducting a lot of developmental activity in terms of new products and applications. They have introduced the following products during 2013-14:
Bakery
K Cookiez Bakery shortening for cookies and biscuits
Tasteepuff Vanaspati for puffs/khari
Cakelite margarine (Trans free) - for cakes, muffins
Pufflite bakery shortening (Trans free) for puffs, croissants
K-Puff (Low Trans) Vanaspati- for puffs/khari
Confectionery
Chokita HS for molded chocolates
Koatina 414 (HS) for enrobing/coating application
K-315 Vanaspati - for flavors and candies/toffees, etc. (Konfex replacer)
Kamani N Vanaspati For toffees/candies, etc. (K Care replacer)
KCP 25 for making choco paste for Centre filling of biscuits
LTCBR (HS) for enrobing/molded chocolates
The company Standalone Balance Sheet for period 01/04/2013 to 31/03/2014
Other specialty
KF 381 Vanaspati (Trans free) fat flakes (culinary application for pizza base)
Kosmic HS For peanut butter, emulsifiers, as wax replacer, chewing gum application.
The company has set target to excel in quality of products supplied and services offered to our esteemed customers and achieve customer delight in each account. They have strengthened our market access in all segments we operate in and particularly with the large scale institutions. They added significant new customers in this year.
UNSECURED LOAN
|
Particular |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
118.800 |
115.700 |
|
|
|
|
|
Total |
118.800 |
115.700 |
INDEX OF CAHREGS:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10472221 |
17/12/2013 |
600,000,000.00 |
THE RATNAKAR BANK LIMITED |
SHAHUPURI,KOLHAPUR, VYPARI PETH, KOLHAPUR - 416001, MAHARASHTRA, INDIA |
B94265394 |
|
2 |
10121127 |
23/01/2012 * |
3,152,500,000.00 |
BANK OF INDIA |
NARIMAN POINT LARGE CORPORATE BRANCH, 92 - 93, FREE PRESS HOUSE, 9TH FLOOR,215, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
B34527580 |
|
3 |
10121128 |
30/01/2012 * |
3,152,500,000.00 |
BANK OF INDIA |
MANDVI BRANCH , KANMOOR HOUSE , 281/287 NARSI NATHA STREET, MUMBAI - 400009, MAHARASHTRA, INDIA |
B34528646 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Other equipments
Intangible assets
- 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.64.83 |
|
|
1 |
Rs.101.00 |
|
Euro |
1 |
Rs.71.82 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
48 |
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.