MIRA INFORM REPORT
|
Report No. : |
353111 |
|
Report Date : |
08.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
TRIDENT CHEMPHAR LIMITED |
|
|
|
|
Registered
Office : |
SY. NO 66 & 67, Miyapur Hyderabad – 500050, Telangana |
|
Mob. No.: |
91-8886918855 (Mr. Tamil Mani) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
21.02.2007 |
|
|
|
|
Com. Reg. No.: |
36-052901 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 150.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24232TG2007PLC052901 |
|
|
|
|
IEC No.: |
0907002447 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDT02886C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAEFT8416H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company. |
|
|
|
|
Line of Business
: |
Subject is primarily trader in chemical solvents and bulk drug
intermediaries. (From
Indirect Sources) |
|
|
|
|
No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 550000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established in the year 2007 and it is primarily trades in
chemical solvents and bulk drug intermediaries. For the financial year ended 2014, company possesses healthy
operational performance and reported extraordinary growth of 108.11% in its
revenue profile. Rating derives from promoters’ extensive experience in trading of
solvents and bulk drug intermediaries and its healthy relationships with
customers and suppliers. The rating also factor in the company’s above average financial risk
profile marked by sound net worth largely supported by equity infusion by promoters
during 2014-15 and its moderate total outside liabilities to tangible net
worth ratio. However, rating strength is partially offset by the susceptibility of
company’s operating margin to volatility in foreign exchange rates and raw material
prices, intense competition and working-capital-intensive operations. Trade relations are reported as fair. Payment terms are reported to be
usually correct. In view of aforesaid, the company can be considered for 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.
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 |
|
Rating |
Long Term Rating = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
July 02, 2015 |
|
Rating Agency Name |
CRISIL RATING |
|
Rating |
Short Term Rating = A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
July 02, 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 BY
|
Name : |
Mr. Tamil Mani |
|
Designation : |
Commercial Manager |
|
Contact No.: |
91-8886918855 |
|
Date : |
05.12.2015 |
LOCATIONS
|
Registered Office : |
SY. NO 66 & 67, Miyapur Hyderabad – 500050, Telangana, India |
|
Tel. No.: |
91-40-40408080 |
|
Mobile No.: |
91-8886918855 (Mr. Tamil Mani) |
|
Fax No.: |
91-40-40408060 |
|
E-Mail : |
DIRECTORS
AS ON 29.09.2014
|
Name : |
Penaka Sarath Chandra Reddy |
|
Designation : |
Director |
|
Address : |
Plot No. 46/8-3-169, Siddartha Nagar, Behind Vengal Rao Nagar,
Hyderabad - 500038, Andhra Pradesh, India |
|
Date of Birth/Age : |
22.02.1985 |
|
Qualification: |
BBA |
|
Date of Appointment : |
21.02.2007 |
|
DIN No.: |
01628013 |
|
|
|
|
Name : |
Mr. Gelli Venkata Seshaiah |
|
Designation : |
Director |
|
Address : |
2-1-186/1, Flat No. 201, Sree Residency, Nallakunta, Hyderabad - 500044,
Telangana, India |
|
Date of Birth/Age : |
30.06.1949 |
|
Qualification: |
M.Sc., CAIIB |
|
Date of Appointment : |
21.02.2007 |
|
Din No.: |
00778048 |
|
|
|
|
Name : |
Subramani Suresh |
|
Designation : |
Whole Time Director |
|
Address : |
B7, Sri Padhuka Appartemnt No. 56, First Street, Postal Colony, West
Mambalm, Chennai – 600060, Tamilnadu, India |
|
Date of Birth/Age : |
31.05.1957 |
|
Qualification: |
B.Com |
|
Date of Appointment : |
05.12.2013 |
|
Din No.: |
02633641 |
|
|
|
|
Name : |
Mr. Sashi Kumaran Parambath |
|
Designation : |
Director |
|
Address : |
6-3-1219-12/202, Methadist Colony, Begumpet, Hyderabad-500016, Andhra
Pradesh, India |
|
Date of Birth/Age : |
24.08.1967 |
|
Qualification: |
B.Com |
|
Date of Appointment : |
30.11.2009 |
|
Din No.: |
02752493 |
|
|
|
|
Name : |
Mr. Rohit Reddy Penaka |
|
Designation : |
Director |
|
Address : |
8-3-169/46, Siddarathnagar, Vengalrao Nagar, S R Nagar, Hyderabad –
50038, Telangana, India |
|
Date of Birth/Age : |
01.10.1988 |
|
Date of Appointment : |
27.09.2010 |
|
DIN No.: |
02624136 |
|
|
|
|
Name : |
Sadananda Reddy Sannareddy |
|
Designation : |
Additional Director |
|
Address : |
H. No.8-3-224/4/1/A/A, F-16/A, Madhura Nagar, Sr Nagar, Hyderabad - 500038, Telangana, India |
|
Date of Appointment : |
30.03.2015 |
|
DIN No.: |
01815665 |
|
|
|
|
Name : |
Penaka Suneela Rani |
|
Designation : |
Additional Director |
|
Address : |
H.No.8-3-169/46, Siddartha Nagar, Vengalrao Nagar, Hyderabad - 500038, Andhra Pradesh, India |
|
Date of Appointment : |
23.03.2015 |
|
DIN No.: |
02530572 |
|
|
|
|
Name : |
Kondreddy Chiranjeevi |
|
Designation : |
Additional Director |
|
Address : |
19-26-1/1b, 30th Ward, Reddy Colony, Bhimavaram, West Godavari - 534201, Andhra Pradesh, India |
|
Date of Appointment : |
30.03.2015 |
|
DIN No.: |
03349756 |
|
|
|
|
Name : |
Tamilmani Shanmugam |
|
Designation : |
Whole-Time Director |
|
Address : |
405, Om Sai Nilyam, Street No 8, Habsiguda, Hyderabad - 500007, Telangana, India |
|
Date of Appointment : |
31.03.2015 |
|
DIN No.: |
07145569 |
|
|
|
|
Name : |
Venkata Krishna Anjaneya Prasad Marthy |
|
Designation : |
Whole-Time Director |
|
Address : |
1-19-164/1/C, Road No.7, Joshi Nagar, West Venkatapuram, Secunderabad - 500015, Telangana, India |
|
Date of Appointment : |
30.07.2015 |
|
DIN No.: |
07250125 |
KEY EXECUTIVES
|
Name : |
Adi Reddy Baddigam |
|
Designation : |
Secretary |
|
Address : |
Flat No. 204, E Block, Vertex Sadguru Apts,, Nizampet Road, Kukatpally, Hyderabad - 500072, Telangana, India |
|
Date of Appointment : |
01.12.2014 |
|
PAN No: |
ADXPB2434M |
|
|
|
|
Name : |
Bala Subrahmanyam Dhulipala |
|
Designation : |
CFO |
|
Address : |
2-68/15, Aiswarya Estates, Kirby Street, Near Bharath Petrol Bunk, Gajula Ramaram, Hyderabad - 500055, Telangana, India |
|
Date of Appointment : |
30.03.2015 |
|
PAN No: |
AFWPD6000N |
MAJOR SHAREHOLDERS
AS ON 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Penaka Sarath Chandra Reddy |
|
28332733 |
|
Subramani Suresh |
|
100 |
|
Gelli Venkata Seshaiah |
|
100 |
|
Gorla Madhu |
|
100 |
|
Gopala Krishna Rao Kandula |
|
100 |
|
K V Murali |
|
100 |
|
B. Samba Siva Reddy |
|
100 |
|
|
|
|
|
Total |
|
28333333 |
AS ON 12.03.2015
|
Names of Allottee |
|
No. of Shares |
|
Penaka Sarath Chandra Reddy |
|
8983333 |
|
|
|
|
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
99.99 |
|
Other top fifty shareholders |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is primarily trader in chemical solvents and bulk drug
intermediaries. (From
Indirect Sources) |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Available |
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|
Agencies Held : |
Not Available |
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|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
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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 : |
Information declined by the management
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
K Nagaraju and Associates Chartered Accountant |
|
Address : |
Hyderabad, Telangana, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AANFK1375R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
|
CAPITAL STRUCTURE
AFTER 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000000 |
Equity Shares |
Rs.10/- each |
Rs. 400.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
373166660 |
Equity Shares |
Rs.10/- each |
Rs. 373.167
Million |
|
|
|
|
|
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs. 150.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs. 150.000
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 |
150.000 |
50.000 |
50.000 |
|
(b) Reserves & Surplus |
42.501 |
(3.834) |
(14.777) |
|
(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) |
192.501 |
46.166 |
35.223 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
507.059 |
26.277 |
121.353 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.869 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.445 |
0.295 |
|
Total Non-current
Liabilities (3) |
507.928 |
26.722 |
121.648 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
627.610 |
610.505 |
512.636 |
|
(b) Trade
payables |
1159.794 |
502.329 |
438.452 |
|
(c) Other
current liabilities |
129.614 |
182.278 |
162.357 |
|
(d) Short-term
provisions |
5.762 |
3.876 |
3.580 |
|
Total Current
Liabilities (4) |
1922.780 |
1298.988 |
1117.025 |
|
|
|
|
|
|
TOTAL |
2623.209 |
1371.876 |
1273.896 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
3.859 |
4.314 |
2.750 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
39.364 |
36.752 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
394.547 |
598.284 |
526.610 |
|
(c) Deferred tax assets (net) |
0.202 |
0.151 |
0.078 |
|
(d) Long-term Loan and Advances |
2.999 |
1.584 |
15.600 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
440.971 |
641.085 |
545.038 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
36.832 |
0.000 |
|
(b)
Inventories |
430.014 |
87.043 |
18.369 |
|
(c) Trade
receivables |
1388.024 |
481.685 |
612.339 |
|
(d) Cash
and cash equivalents |
233.322 |
71.319 |
54.063 |
|
(e)
Short-term loans and advances |
119.500 |
46.502 |
40.864 |
|
(f) Other
current assets |
11.378 |
7.410 |
3.223 |
|
Total Current
Assets |
2182.238 |
730.791 |
728.858 |
|
|
|
|
|
|
TOTAL |
2623.209 |
1371.876 |
1273.896 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
3663.716 |
1760.439 |
1179.080 |
|
|
Other Income |
191.243 |
139.013 |
113.230 |
|
|
TOTAL |
3854.959 |
1899.452 |
1292.310 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
3758.182 |
1692.189 |
1041.474 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(342.971) |
(68.674) |
22.557 |
|
|
Employees benefits expense |
10.756 |
6.068 |
5.450 |
|
|
Other expenses |
278.431 |
162.159 |
144.179 |
|
|
TOTAL |
3704.398 |
1791.742 |
1213.660 |
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
150.561 |
107.710 |
63.164 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
63.243 |
87.783 |
60.048 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
87.318 |
19.927 |
3.116 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.455 |
0.323 |
0.164 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
86.863 |
19.604 |
2.952 |
|
|
|
|
|
|
|
Less |
TAX |
11.801 |
8.661 |
0.325 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
75.062 |
10.943 |
2.627 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.64 |
2.19 |
0.53 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(486.779) |
312.986 |
143.599 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.05 |
0.62 |
0.22 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
4.11 |
6.12 |
5.36 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.97 |
2.66 |
0.40 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.45 |
0.42 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
5.89 |
13.79 |
18.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13 |
0.56 |
0.65 |
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 |
50.000 |
50.000 |
150.000 |
|
Reserves & Surplus |
(14.777) |
(3.834)Z |
42.501 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
35.223 |
46.166 |
192.501 |
|
|
|
|
|
|
long-term borrowings |
121.353 |
26.277 |
507.059 |
|
Short term borrowings |
512.636 |
610.505 |
627.610 |
|
Current Maturities of Long
Term Debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
633.989 |
636.782 |
1134.669 |
|
Debt/Equity
ratio |
17.999 |
13.793 |
5.894 |
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 |
1179.080 |
1760.439 |
3663.716 |
|
|
|
49.306 |
108.114 |
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 |
1179.080 |
1760.439 |
3663.716 |
|
Profit |
2.627 |
10.943 |
75.062 |
|
|
0.22% |
0.62% |
2.05% |
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 |
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 |
No |
|
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 LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from directors |
84.500 |
1.000 |
|
|
|
|
|
Total |
84.500 |
1.000 |
|
|
|
|
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10597988 |
21/10/2015 * |
1,500,000,000.00 |
Standard Chartered Bank |
6-3-1090, TSR
TOWERS, RAJ BHAVAN ROAD, SOMAJIGUDA |
C68225135 |
|
2 |
10531207 |
19/10/2015 * |
1,000,000,000.00 |
RBL Bank Limited |
1ST LANE,
SHAHUPURI,, KOLHAPUR, Maharashtra - 4160 |
C68606110 |
|
3 |
10405974 |
11/08/2015 * |
1,200,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA,, DR. |
C66053042 |
|
4 |
10063582 |
18/08/2015 * |
1,000,000,000.00 |
Axis Bank Limited |
CORPORATE BANKING BRANCH,
6-3-879/B,, G. PULLA RE |
C68841162 |
* Date of charge modification
FIXED ASSETS
- Furniture and
Fixture
- Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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. 66.63 |
|
UK Pound |
1 |
Rs. 100.65 |
|
Euro |
1 |
Rs. 72.40 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.