MIRA INFORM REPORT
|
Report No. : |
337023 |
|
Report Date : |
17.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
OMNIACTIVE HEALTH TECHNOLOGIES LIMITED (w.e.f. 04.03.2011) |
|
|
|
|
Formerly Known
As : |
OMNIACTIVE
HEALTH TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No. T-8B, 5th Floor, Phoenix House, A Wing, Phoenix
Mills Compound, 462, S B Marg, Lower Parel, Mumbai – 400013, Maharashtra |
|
Tel. No.: |
91-22-24970003 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
27.08.2003 |
|
|
|
|
Com. Reg. No.: |
11-141898 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.73.505 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24230MH2003PLC141898 |
|
|
|
|
IEC No.: |
0304036927 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP18153C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCP2914Q |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Nutraceutical ingredients and produces Lutemax range
free lutein and lutein esters for food fortification, dietary
supplementation, beadlets for tablets and capsules. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
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 1500000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in 2003 and it is the manufacturer of nutraceutical
ingredients and produces Lutemax range free lutein and lutein esters for food
fortification, dietary supplementation, beadlets for tablets and
capsules. It is an established company having satisfactory track record. The rating takes into consideration company’s healthy operational risk
profile supported by sound financial base and favorable profitability margins
of the 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.
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 |
CARE |
|
Rating |
Long term bank facilities= BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
20.11.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities= A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
20.11.2014 |
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 DENIED
Management Non Co-operative (91-22-24970003)
LOCATIONS
|
Registered Office / Head Office : |
Unit No. T-8B, 5th Floor, Phoenix House, A Wing, Phoenix
Mills Compound, 462, S B Marg, Lower Parel, Mumbai - 400013, Maharashtra,
India |
|
Tel. No.: |
91-22-24970003 / 04 |
|
Mobile No.: |
91-9004050337 (Mr. Mane) |
|
Fax No.: |
91-22-66459291 |
|
E-Mail : |
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|
Website : |
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|
Sales
& Marketing Office : |
Cybertech House, First Floor, J.B. Sawant Road, Wagle Industrial Estate, Thane (West) - 400604, Maharashtra, India |
|
Tel. No.: |
91-22-41845000 |
|
Fax No.: |
91-22-66459291 |
|
|
|
|
R & D Center : |
Technology Center, First Floor, A-10, Road 1, Wagle Estate, Thane (West) - 400604, Maharashtra, India |
|
Tel. No.: |
91-22-25830444 |
|
Fax No.: |
91-22-25833771 |
|
|
|
|
Factory : |
Plot No.38 and 39,Phase-II, Hinjewadi, Pune - 411 057, Maharashtra, India |
DIRECTORS
AS ON 22.09.2014
|
Name : |
Mr. Sanjay Jayasinh Mariwala |
|
Designation : |
Managing Director |
|
Address : |
E-9, Willingdon Enclave, Pandit Karuppan Road, Thevara, Kochi - 682013, Kerala, India |
|
Date of Birth/Age : |
02.01.1960 |
|
Date of Appointment : |
16.08.2004 |
|
DIN No.: |
01111537 |
|
PAN No.: |
AACPM9945Q |
|
|
|
|
Name : |
Mr. Jayasinh Vallabhdas Mariwala |
|
Designation : |
Director |
|
Address : |
Sudha Kunj, 3, Tardeo Road, Mumbai - 400034, Maharashtra, India |
|
Date of Birth/Age : |
09.07.1933 |
|
Date of Appointment : |
27.08.2003 |
|
DIN No.: |
00182835 |
|
PAN No.: |
AACPM9944R |
|
|
|
|
Name : |
Mr. Ajay Jayasinh Mariwala |
|
Designation : |
Director |
|
Address : |
Zaver, Cochin Yacht Club Encfave, 261UA,592-A, Konthuruthy, Thevara, Ernakulam - 682013, Kerala, India |
|
Date of Birth/Age : |
24.10.1963 |
|
Date of Appointment : |
16.08.2004 |
|
DIN No.: |
00193786 |
|
PAN No.: |
AABPM9729K |
|
|
|
|
Name : |
Mr. Mohan Jayasinh Mariwala |
|
Designation : |
Director |
|
Address : |
Sudha Kunj, 3, Tardeo Road, Mumbai - 400034, Maharashtra, India |
|
Date of Birth/Age : |
08.08.1967 |
|
Date of Appointment : |
27.08.2003 |
|
DIN No.: |
00854497 |
|
PAN No.: |
AACPM9943J |
|
|
|
|
Name : |
Mr. Hiren Mahesh Doshi |
|
Designation : |
Director |
|
Address : |
28, Beverly Drive, Albertson, New York 11507 |
|
Date of Birth/Age : |
20.03.1978 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
06623472 |
|
PAN No.: |
AACPD4400F |
KEY EXECUTIVES
|
Name : |
Mr. Shivram Shankar Krishnan |
|
Designation : |
Secretary |
|
Address : |
3 B , Deepak, Anushakti Nagar, Mumbai - 400094, Maharashtra, India |
|
Date of Birth/Age : |
25.10.1964 |
|
Date of Appointment : |
05.10.2011 |
|
PAN No.: |
AAKPS8920R |
MAJOR SHAREHOLDERS
AS ON 22.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Jayasinh Vallabhdas Mariwala |
|
625251 |
|
Mohan Jayasinh Mariwala |
|
659467 |
|
Sanjay Jayasinh Mariwala |
|
1778405 |
|
Ajay Jayasinh Mariwala |
|
659466 |
|
Hiren Mahesh Doshi |
|
943865 |
|
Laxmi Shivanand Mankekai and Shivanand Shankar Mankekar (Joint Holding) |
|
363510 |
|
Shivanand Shankar Mankekar and Laxmi Shivanand Mankekar (Joint Holding) |
|
121212 |
|
Shivanand Shankar Mankekar and Kedar Shivanand Mankekar (Joint Holding) |
|
609822 |
|
Omni Active Employees Stock Trust |
|
105000 |
|
Abhijit Bhattacharya |
|
105000 |
|
Jayant Deshpande |
|
105000 |
|
Kancor Natural Isolates Limited, India |
|
1274490 |
|
|
|
|
|
Total |
|
7350488 |
Equity Share Break up (Percentage of Total Equity)
AS ON 22.09.2014
|
Category |
Percentage |
|
Bodies corporate |
17.34 |
|
Directors or relatives of Directors |
63.48 |
|
Other top fifty shareholders |
19.18 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Nutraceutical ingredients and produces Lutemax range
free lutein and lutein esters for food fortification, dietary supplementation,
beadlets for tablets and capsules. |
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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 : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
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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Facilities : |
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Auditors : |
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|
Name : |
Price Waterhouse Chartered Accountant |
|
Address : |
257, Veersavarkar Marg, Shivaji Park, Dadar, Mumbai -
400035, Maharashtra, India |
|
PAN No.: |
AAAFR9528A |
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Memberships : |
Not Divulged |
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Collaborators : |
Not Divulged |
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Subsidiary company
: |
· Omniactive Health Technologies (Canada) Limited · Omniactive Health Technologies Inc. · OmniKan Earth Sciences Private Limited |
|
|
|
|
Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their
relatives : |
· Kancor Ingredients Limited · Vallabhdas Kanji Limited · Auto Hangar (India) Private Limited · Sanjwin Consulting Solutions Private Limited · Destination Unplugged · Id Gourmet India Private Limited · Kancor (Suzhou) Ingredients Limited |
CAPITAL STRUCTURE
AS ON 22.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7500000 |
Equity Shares |
Rs.10/- each |
Rs.75.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7350488 |
Equity Shares |
Rs.10/- each |
Rs.73.505 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 |
73.505 |
73.505 |
73.505 |
|
(b) Reserves & Surplus |
456.389 |
370.705 |
246.062 |
|
(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) |
529.894 |
444.210 |
319.567 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
165.292 |
32.859 |
49.189 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
9.797 |
14.574 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
6.259 |
12.683 |
5.824 |
|
Total Non-current
Liabilities (3) |
171.551 |
55.339 |
69.587 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
771.065 |
446.242 |
341.474 |
|
(b) Trade
payables |
247.923 |
222.346 |
81.224 |
|
(c) Other current
liabilities |
113.633 |
58.199 |
64.253 |
|
(d) Short-term
provisions |
10.256 |
30.713 |
21.628 |
|
Total Current
Liabilities (4) |
1142.877 |
757.500 |
508.579 |
|
|
|
|
|
|
TOTAL |
1844.322 |
1257.049 |
897.733 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
451.619 |
209.266 |
188.449 |
|
(ii)
Intangible Assets |
30.460 |
27.989 |
28.303 |
|
(iii)
Capital work-in-progress |
26.251 |
44.002 |
0.342 |
|
(iv)
Intangible assets under development |
14.172 |
15.456 |
22.331 |
|
(b) Non-current Investments |
78.025 |
45.845 |
24.285 |
|
(c) Deferred tax assets (net) |
2.457 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
80.182 |
90.462 |
51.153 |
|
(e) Other Non-current
assets |
0.901 |
1.008 |
0.053 |
|
Total Non-Current
Assets |
684.067 |
434.028 |
314.916 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
372.102 |
373.187 |
228.074 |
|
(c) Trade
receivables |
485.691 |
294.260 |
251.053 |
|
(d) Cash
and cash equivalents |
33.404 |
9.113 |
8.727 |
|
(e)
Short-term loans and advances |
176.627 |
40.663 |
26.212 |
|
(f) Other
current assets |
92.431 |
105.798 |
68.751 |
|
Total
Current Assets |
1160.255 |
823.021 |
582.817 |
|
|
|
|
|
|
TOTAL |
1844.322 |
1257.049 |
897.733 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1530.301 |
1284.635 |
803.852 |
|
|
|
Other Income |
5.375 |
2.915 |
0.224 |
|
|
|
TOTAL (A) |
1535.676 |
1287.550 |
804.076 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
422.246 |
344.024 |
266.623 |
|
|
|
Purchase of Stock-in-trade |
11.910 |
14.209 |
2.836 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(3.977) |
(122.900) |
(122.067) |
|
|
|
Employee Benefits Expenses |
198.937 |
151.389 |
84.219 |
|
|
|
Other Expenses |
634.092 |
615.177 |
391.366 |
|
|
|
TOTAL (B) |
1263.208 |
1001.899 |
622.977 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
272.468 |
285.651 |
181.099 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
119.389 |
71.178 |
51.860 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
153.079 |
214.473 |
129.239 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
57.406 |
44.042 |
33.295 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
95.673 |
170.431 |
95.944 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
9.989 |
45.788 |
9.184 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
85.684 |
124.643 |
86.760 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
11.66 |
16.96 |
11.80 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
30.367 |
21.544 |
31.189 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
38.934 |
156.873 |
(42.671) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
5.60 |
9.70 |
10.79 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
17.80 |
22.24 |
22.53 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
5.55 |
14.80 |
11.28 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18 |
0.38 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.82 |
1.13 |
1.32 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.02 |
1.09 |
1.15 |
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 |
73.505 |
73.505 |
73.505 |
|
Reserves & Surplus |
246.062 |
370.705 |
456.389 |
|
Net
worth |
319.567 |
444.210 |
529.894 |
|
|
|
|
|
|
long-term borrowings |
49.189 |
32.859 |
165.292 |
|
Short term borrowings |
341.474 |
446.242 |
771.065 |
|
Current Maturities of Long term debt |
31.189 |
21.544 |
30.367 |
|
Total
borrowings |
421.852 |
500.645 |
966.724 |
|
Debt/Equity
ratio |
1.320 |
1.127 |
1.824 |
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 |
803.852 |
1284.635 |
1530.301 |
|
|
|
59.810 |
19.123 |
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
|
803.852 |
1284.635 |
1530.301 |
|
Profit |
86.760 |
124.643 |
85.684 |
|
|
10.79% |
9.70% |
5.60% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Long Term Borrowings |
|
|
|
Term loans from banks |
0.000 |
1.350 |
|
Rupee term loans from others |
0.000 |
5.001 |
|
|
|
|
|
Short Term Borrowings |
|
|
|
Intercorporate borrowings |
4.000 |
0.000 |
|
|
|
|
|
Total |
4.000 |
6.351 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10507359 |
13/05/2014 |
26,100,000.00 |
State Bank of Travancore |
Commercial Branch,, Malankara Centre, M.G Road, Ernakulam, Kerala - 682035, India |
C10089910 |
|
2 |
10497146 |
07/05/2014 |
100,500,000.00 |
ICICI Bank |
Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
C05357983 |
|
3 |
10452217 |
21/08/2013 |
200,000,000.00 |
Citibank N. A. |
First International Financial Centre , 9th Floor,, Plot No.C-54, C-55, G-Block, BKC, Bandra (E), Pune, Maharashtra - 400051, India |
B86316262 |
|
4 |
10436307 |
13/05/2014 * |
185,000,000.00 |
State Bank of Travancore |
Commercial Branch,, Malankara Centre, M.G Road, Ernakulam, Kerala - 682035, India |
C10090595 |
|
5 |
10225640 |
13/05/2014 * |
690,000,000.00 |
State Bank of Travancore |
Commercial Branch, Malankara Centre, M.G Road, Ernakulam, Kerala - 682035, India |
C10967701 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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.64.92 |
|
|
1 |
Rs.101.44 |
|
Euro |
1 |
Rs.72.26 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--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 |
|
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.