MIRA INFORM REPORT
|
Report No. : |
352701 |
|
Report Date : |
04.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
HMA AGRO INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
2/220, 2nd Floor, Glory Plaza, Opposite Sur Sadan, M.G Road, Agra –
282002, Uttar Pradesh |
|
Tel. No.: |
91-562-4000188/ 2523230 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
09.04.2008 |
|
|
|
|
Com. Reg. No.: |
20-034977 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 37.265 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U01403UP2008PLC034977 |
|
|
|
|
IEC No.: |
0608002607 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCH0450J |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing, Slathering, Processing and Rendering of Meat
and Meat Products, bone, tallow Products, Poultry Products, Food offal’s, raw
hides, MBM, Dung of big and small buffalo sheep and goat. (Registered
Activity) |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 510000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behavior : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 2008 having
moderate track record. As per registrar of companies, the date of balance sheet i.e. financial
filed is shown as 31.03.2014 but the documents related to the financials for
the year 2014 are not available from any sources. As per available financial of 2013, profit margin of the company is
low. General financial position of the company seems to be fair. Their trade relations are fair. Business is active. Payment terms are
unknown. The company can be considered for business dealings with some caution
in view non-availability of latest financials. |
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 |
Cash Credit (BBB-) |
|
Rating Explanation |
Moderate degree of safety and carry moderate
credit risk. |
|
Date |
4 December, 2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Bank Guarantee (A3) |
|
Rating Explanation |
Moderate degree of safety and carry higher
credit risks. |
|
Date |
4 December, 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
31-03-2015.
INFORMATION DENIED
Management non-co-operative (91-562-2523230)
LOCATIONS
|
Registered Office : |
2/220, 2nd Floor, Glory Plaza, Opposite Sur Sadan, M.G Road, Agra –
282002, Uttar Pradesh, India |
|
Tel. No.: |
91-562-4000188/ 2523230 |
|
Fax No.: |
91-562-2523230 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Gulzar Ahmad |
|
Designation : |
Managing director |
|
Address : |
18/14-A, Malkon Gali, Taj Ganj, Agra – 282001, Uttar Pradesh, India |
|
Date of Birth/Age : |
15.07.1966 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.04.2009 |
|
PAN No.: |
ADFPA7361N |
|
DIN No.: |
01312305 |
|
|
|
|
Name : |
Mr. Zulfiqar Ahmed Qureshi |
|
Designation : |
Whole-time director |
|
Address : |
18/129-A, Malkon Gali, Near Mitan Nazeer Park, Taj Ganj, Agra –
282001, Uttar Pradesh, India |
|
Date of Birth/Age : |
10.06.1972 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.04.2009 |
|
PAN No.: |
AAAPQ2317E |
|
DIN No.: |
01312224 |
|
|
|
|
Name : |
Mr. Mohd Ashraf Qureshi |
|
Designation : |
Whole-time director |
|
Address : |
18/129-A, Malkon Gali, Taj Ganj, Agra – 282001, Uttar Pradesh, India |
|
Date of Birth/Age : |
12.03.1973 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.04.2009 |
|
PAN No.: |
AABPQ1133F |
|
DIN No.: |
01312326 |
|
|
|
|
Name : |
Mr. Wajid Ahmad |
|
Designation : |
Director |
|
Address : |
18/129-A Malkon Gali, Taj Ganj, Agra – 282001, Uttar Pradesh,
India |
|
Date of Birth/Age : |
04.08.1983 |
|
Date of Appointment : |
01.04.2013 |
|
PAN No.: |
AEMPA6979C |
|
DIN No. : |
01312261 |
|
|
|
|
Name : |
Mr. Mohammad Kamil Qureshi |
|
Designation : |
Director |
|
Address : |
18/129 A, Malkon Gali, Taj Ganj, Agra - 282001, Uttar Pradesh,
India |
|
Date of Birth/Age : |
14.08.1985 |
|
Date of Appointment : |
01.04.2013 |
|
PAN No.: |
AACPQ4798B |
|
DIN No. : |
02827288 |
|
|
|
|
Name : |
Gulzeb Ahmed |
|
Designation : |
Additional director |
|
Address : |
18/14-A, Malkon Gali, Taj Ganj, Agra – 282001, Uttar Pradesh, India |
|
Date of Birth/Age : |
10.12.1988 |
|
Date of Appointment : |
01.07.2014 |
|
DIN No. : |
06546660 |
|
|
|
|
Name : |
Zakiya Begum Qureshi |
|
Designation : |
Director |
|
Address : |
18/129-A, Malko Gali, Tajganj, Agra-282001, Uttar Pradesh, India |
|
Date of Birth/Age : |
15.06.1982 |
|
Date of Appointment : |
14.07.2015 |
|
DIN No. : |
07233866 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Zulfiquar Ahmed Qureshi |
399287 |
10.71 |
|
Mohd. Ashraf Qureshi |
582985 |
15.64 |
|
Mohd.Mehmood Qureshi |
558295 |
14.98 |
|
Wazid Ahmed |
597428 |
16.03 |
|
Mohd. Kamil Qureshi |
397355 |
10.66 |
|
Gulzar Ahmed |
635665 |
17.06 |
|
Parvez Alam |
555485 |
14.91 |
|
|
|
|
|
Total |
3726500 |
100.00 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, Slathering, Processing and Rendering of
Meat and Meat Products, bone, tallow Products, Poultry Products, Food
offal’s, raw hides, MBM, Dung of big and small buffalo sheep and goat. |
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Products/ Services : |
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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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||||
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
· Canara Bank Overseas Branch, Sanjay Place, Agra - 282002, Uttar
Pradesh, India |
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Facilities : |
|
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|
Auditors : |
|
|
Name : |
Manish Sahni and Associates Chartered Accountants |
|
Address : |
C-162, Kedar Nagar, Shahganj, Agra, Uttar Pradesh,
India |
|
Income-tax
PAN of auditor or auditor's firm : |
ASZPS3007N |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates : |
· Gulzar Traders · H.M.A Food Export Private Limited · H.M.A Natural Food Private Limited · HMA Trading Co. ·
Agro HMA |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6,500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 65.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,726,500 |
Equity Shares |
Rs. 10/- each |
Rs. 37.265 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
37.265 |
37.265 |
35.137 |
|
(b) Reserves & Surplus |
140.313 |
56.936 |
9.287 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
0.150 |
6.435 |
|
Total
Shareholders’ Funds (1) + (2) |
177.578 |
94.351 |
50.859 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
64.847 |
133.880 |
168.981 |
|
(b) Deferred tax liabilities (Net) |
9.758 |
6.945 |
0.000 |
|
(c)
Other long term liabilities |
55.000 |
0.000 |
24.992 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
129.605 |
140.825 |
193.973 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
79.268 |
47.329 |
26.539 |
|
(b)
Trade payables |
1784.822 |
339.700 |
87.946 |
|
(c)
Other current liabilities |
17.026 |
11.179 |
0.575 |
|
(d)
Short-term provisions |
31.914 |
7.224 |
0.783 |
|
Total
Current Liabilities (4) |
1913.030 |
405.432 |
115.843 |
|
|
|
|
|
|
TOTAL |
2220.213 |
640.608 |
360.675 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
357.474 |
302.703 |
272.968 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
6.212 |
5.971 |
3.089 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
7.580 |
6.538 |
4.267 |
|
(e)
Other Non-current assets |
117.600 |
12.320 |
2.147 |
|
Total
Non-Current Assets |
488.866 |
327.532 |
282.471 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
226.437 |
117.854 |
41.087 |
|
(c)
Trade receivables |
1402.995 |
145.097 |
7.000 |
|
(d)
Cash and cash equivalents |
58.503 |
37.628 |
15.433 |
|
(e)
Short-term loans and advances |
43.412 |
12.497 |
14.684 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1731.347 |
313.076 |
78.204 |
|
|
|
|
|
|
TOTAL |
2220.213 |
640.608 |
360.675 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
11595.006 |
3588.454 |
11.115 |
|
|
|
Other Income |
227.066 |
7.772 |
50.798 |
|
|
|
TOTAL (A) |
11822.072 |
3596.226 |
61.913 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
10697.648 |
3313.494 |
49.654 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(104.568) |
(74.935) |
(41.087) |
|
|
|
Employees benefits expense |
210.292 |
79.694 |
22.475 |
|
|
|
Other expenses |
845.174 |
174.348 |
13.195 |
|
|
|
TOTAL (B) |
11648.546 |
3492.601 |
44.237 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
173.526 |
103.625 |
17.676 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
24.457 |
31.670 |
12.674 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
149.069 |
71.955 |
5.002 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
43.770 |
34.719 |
10.790 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX (E-F) (G) |
105.299 |
37.236 |
(5.788) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
21.922 |
11.243 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
83.377 |
25.993 |
(5.788) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
7710.024 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
22.37 |
6.98 |
(1.65) |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
181.360 |
179.498 |
(51.574) |
|
Net cash flows from (used in) operating activities |
162.250 |
175.198 |
(51.574) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.72 |
0.72 |
(52.07) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
1.50 |
2.89 |
159.03 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.76 |
5.87 |
(1.62) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.59 |
0.39 |
(0.11) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.81 |
1.92 |
3.84 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.91 |
0.77 |
0.68 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
35.137 |
37.265 |
37.265 |
|
Reserves & Surplus |
9.287 |
56.936 |
140.313 |
|
Share Application money pending allotment |
6.435 |
0.150 |
0.000 |
|
Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
Net worth |
50.859 |
94.351 |
177.578 |
|
|
|
|
|
|
Long-term borrowings |
168.981 |
133.880 |
64.847 |
|
Short term borrowings |
26.539 |
47.329 |
79.268 |
|
Total
borrowings |
195.520 |
181.209 |
144.115 |
|
Debt/Equity ratio |
3.844 |
1.921 |
0.812 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
11.115 |
3588.454 |
11595.006 |
|
|
|
32,184.786 |
223.120 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
11.115 |
3588.454 |
11595.006 |
|
Profit/ (Loss) |
(5.788) |
25.993 |
83.377 |
|
|
(52.07%) |
0.72% |
0.72% |
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 |
No |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10578233 |
11/06/2015 |
10,000,000.00 |
CANARA BANK |
OVERSEAS BRANCH, SANJAY PLACE, AGRA - 282002 UTTAR PRADESH, INDIA |
C58075979 |
|
2 |
10184833 |
31/12/2014 * |
400,000,000.00 |
CANARA BANK |
OVERSEAS BRANCH, SANJAY PLACE, AGRA - 282002 UTTAR PRADESH, INDIA |
C46118576 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2013 (Rs.
In Million) |
31.03.2012 (Rs.
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Working capital loans from banks |
79.268 |
47.329 |
|
|
|
|
|
Total |
79.268 |
47.329 |
COMPANY OVERVIEW
Subject was incorporated 19th April 2008. The Company is
engaged in the Manufacture, Slathering, Processing & rendering of meat
& meat Products, bone, tallow Products, Poultry Products, Food offal’s, raw
hides, MBM, Dung of big and small buffalo sheep & goat and to manufacture,
Prepare, Preserve, can refine, bottle, buy, sell & deal whether as
wholesalers or retailers or as exporters or importers or as principal or agents
in all kinds of live stocks products.
FIXED ASSETS:
· Land
· Buildings
· Plant and equipment
· Other plant and equipment
· Vehicles
· Motor vehicles
· Office equipment
·
Other equipments
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.66.75 |
|
|
1 |
Rs.99.61 |
|
Euro |
1 |
Rs.70.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
31 |
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.