MIRA INFORM REPORT
|
Report No. : |
354449 |
|
Report Date : |
15.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
DODLA DAIRY LIMITED |
|
|
|
|
Registered
Office : |
8-2-696, Road; No.12, Banjara Hills, Hyderabad-500034, Andhra Pradesh |
|
Tel. No.: |
91-40-45467777 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
15.05.1995 |
|
|
|
|
Com. Reg. No.: |
020324 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 32.748 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15209AP1995PLC020324 |
|
|
|
|
IEC No.: |
0904002519 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCD5077E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Processor and Seller of Milk and Milk Products like Butter, Ghee,
Paneer, etc. (Indirect Sources) |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 5772100 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
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|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject was incorporated in the year 1995 having fine track. As per Registrar of Companies the date of balance sheet i.e.
financials filed is shown as 31st March, 2015 but the documents
related to the financials for the year 2015 are not available from any
sources. For the FY 14, the company has achieved decent revenue base marked by
satisfactory profitability margin. Operational performance has improved as compared to previous year. However, reported unfavourable gap between trade payables and trade
receivables. Rating also takes into consideration sound net worth base marked
decent cash accruals and low borrowings. Trade relations are fair. Business is active. Payments are regular and
as per commitments. 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
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2015.
LOCATIONS
|
Registered Office : |
8-2-696, Road; No.12, Banjara Hills, Hyderabad-500034, Andhra Pradesh,
India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
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|
|
|
Packaging Stations : |
Located at: · Nellore · Badvel · Koppal · Kurnool · Palamaner · Penumur · Sattenapally · Tumkur · Tanuku |
|
|
|
|
Corporate Office : |
No. 6-3-661/8, Sangeeth Nagar, Somajiguda, Somajiguda,
Hyderabad-500082, Telangana, India |
|
Tel. No.: |
91-40-45467777 |
|
Fax No.: |
91-40-45467788 |
|
E-Mail : |
|
|
|
|
|
Sales Offices : |
Located at: ·
· Chennai · Secunderabad · Gachibowli · Hyderabad · Indore · Jodhpur · Kolkata · Mumbai · Nellore · Vijayawada |
|
|
|
|
Chilling Centers: |
Located at: · Pulivendula · Walaji Taluk · Ananthapur · Guntur · Bangaru Tirupathi · Chickballapur · Kurnool · Cheyyar · Chintamani · Kaikiri · Kaluvai |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Dodla Sesha Reddy |
|
Designation : |
Director |
|
Address : |
2, Bishop Wallers Avenue (West), Mylapore, Chennai-600004,
Tamil Nadu, India |
|
Date of Birth/Age : |
10.12.1941 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
15.05.1995 |
|
DIN No.: |
00520448 |
|
|
|
|
Name : |
Mr. Dodla Sunil Reddy |
|
Designation : |
Managing director |
|
Address : |
No. 18, Bishop Wallers, Avenue West, Mylapore,
Chennai-600004, Tamil Nadu, India |
|
Date of Birth/Age : |
22.02.1968 |
|
Qualification : |
B.
Tech Mechanical |
|
Experience : |
26 Years |
|
Date of Appointment : |
15.05.1995 |
|
DIN No.: |
00794889 |
|
|
|
|
Name : |
Mr. Deepak Malik |
|
Designation : |
Director |
|
Address : |
91 Navjivan Vihar, Delhi-110017, Delhi, India |
|
Date of Birth/Age : |
14.11.1967 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
05.11.2012 |
|
DIN No.: |
00662141 |
|
|
|
|
Name : |
Mr. James David Sayre |
|
Designation : |
Director |
|
Address : |
810 Alta Vista Rd, Montara, California, 94037, United
States Of America |
|
Date of Birth/Age : |
27.06.1960 |
|
Date of Appointment : |
05.11.2012 |
|
DIN No.: |
06392836 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
BR CPF Holdings (Mauritius) Limited |
|
774823 |
|
Dodla Sunil Reddy |
|
832124 |
|
Dodla Deepa Reddy |
|
363256 |
|
Dodla Kousalyamma |
|
135000 |
|
Dodla Sesha Reddy |
|
10001 |
|
Dodla Girija Reddy |
|
822120 |
|
Dodla Subba Reddy |
|
337499 |
|
Total |
|
3274823 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
23.66 |
|
Directors
or relatives of directors |
76.34 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Processor and Seller of Milk and Milk Products like Butter, Ghee,
Paneer, etc. (Indirect Sources) |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
·
Yes Bank Limited Nehri
Centre 9th Floor, Discovery of India A.B.Road Worli, Mumbai - 400018, Maharashtra,
India ·
Kotak Mahindra Bank Limited 185 Anna Salai,Near TVS, Chennai - 600006,
Tamilnadu, India ·
ICICI Bank Limited Landmarkrace
Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India · Standard Chartered Bank 19, Rajaji Salai, Chennai- 600001, Tamilnadu, India |
||||||||||||||||||||||
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Facilities : |
-- |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors 1 : |
|
|
Name : |
A.
Ramachandra Rao and Company Chartered Accountants |
|
Address : |
Hyderabad,
Telangana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AADFA1033C |
|
|
|
|
Auditors 2 : |
|
|
Name : |
B
S R R and Company Chartered Accountants |
|
Address : |
8-2-618/2,Reliance
Humsafar, Fourth Floor, Road No.11 Banjara Hills, Hyderabad-500034,
Telangana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAKFB1884H |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Subsidiaries : (As on 31.03.2015) |
· Dodla Milk Procerssing PLC, Ethiopia · Dodla Singapore PTE Limited, Singapore · Dodla Holdings PTE Limited, Singapore |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 60.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,274,823 |
Equity Shares |
Rs. 10/- each |
Rs. 32.748
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 |
32.748 |
32.748 |
28.000 |
|
(b) Reserves & Surplus |
1983.623 |
1707.907 |
430.336 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
(3) Deferred government grants |
3.890 |
4.108 |
5.000 |
|
Total
Shareholders’ Funds (1) + (2) |
2020.261 |
1744.763 |
463.336 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
126.816 |
144.256 |
132.423 |
|
(b) Deferred tax liabilities (Net) |
88.451 |
87.393 |
76.334 |
|
(c)
Other long term liabilities |
0.000 |
4.483 |
0.000 |
|
(d)
long-term provisions |
18.442 |
14.654 |
8.428 |
|
Total
Non-current Liabilities (3) |
233.709 |
250.786 |
217.185 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
390.137 |
473.911 |
555.000 |
|
(b)
Trade payables |
256.882 |
247.442 |
280.769 |
|
(c)
Other current liabilities |
364.972 |
176.859 |
126.348 |
|
(d)
Short-term provisions |
2.446 |
2.864 |
42.606 |
|
Total
Current Liabilities (4) |
1014.437 |
901.076 |
1004.723 |
|
|
|
|
|
|
TOTAL |
3268.407 |
2896.625 |
1685.244 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
757.800 |
636.102 |
579.048 |
|
(ii)
Intangible Assets |
2.454 |
2.572 |
3.533 |
|
(iii)
Capital work-in-progress |
191.783 |
38.757 |
6.450 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
1.628 |
751.628 |
1.628 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
316.941 |
69.317 |
73.803 |
|
(e)
Other Non-current assets |
0.000 |
2.688 |
2.516 |
|
Total
Non-Current Assets |
1270.606 |
1501.064 |
666.978 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
902.332 |
205.476 |
0.000 |
|
(b)
Inventories |
482.484 |
755.876 |
715.940 |
|
(c)
Trade receivables |
6.491 |
15.730 |
16.630 |
|
(d)
Cash and cash equivalents |
428.110 |
362.843 |
187.328 |
|
(e)
Short-term loans and advances |
162.625 |
55.187 |
98.368 |
|
(f)
Other current assets |
15.759 |
0.449 |
0.000 |
|
Total
Current Assets |
1997.801 |
1395.561 |
1018.266 |
|
|
|
|
|
|
TOTAL |
3268.407 |
2896.625 |
1685.244 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
8421.055 |
7315.978 |
6274.342 |
|
|
|
Other Income |
65.807 |
23.273 |
7.656 |
|
|
|
TOTAL (A) |
8486.862 |
7339.251 |
6281.998 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
6333.071 |
5849.101 |
5562.587 |
|
|
|
Purchases of Stock-in-Trade |
2.156 |
0.687 |
0.837 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
479.727 |
(40.972) |
(373.296) |
|
|
|
Employees benefits expense |
265.327 |
159.845 |
96.882 |
|
|
|
Other expenses |
955.055 |
790.374 |
631.346 |
|
|
|
TOTAL (B) |
8035.336 |
6759.035 |
5918.356 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
451.526 |
580.216 |
363.642 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
30.081 |
71.832 |
66.517 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
421.445 |
508.384 |
297.125 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
46.462 |
42.524 |
31.551 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
374.983 |
465.860 |
265.574 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
99.267 |
133.541 |
59.366 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
275.716 |
332.319 |
206.208 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
0.000 |
10.216 |
0.000 |
|
|
TOTAL IMPORTS |
0.000 |
10.216 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
84.19 |
118.18 |
82.48 |
|
|
|
Diluted |
84.19 |
118.18 |
82.48 |
|
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 Flow from (used in) Operations |
717.484 |
581.282 |
120.142 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
3.27 |
4.54 |
3.29 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
5.36 |
7.93 |
5.80 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.19 |
22.12 |
15.83 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.27 |
0.57 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.26 |
0.35 |
1.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.97 |
1.55 |
1.01 |
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 |
28.000 |
32.748 |
32.748 |
|
Reserves & Surplus |
430.336 |
1707.907 |
1983.623 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
458.336 |
1740.655 |
2016.371 |
|
|
|
|
|
|
Long-term borrowings |
132.423 |
144.256 |
126.816 |
|
Short term borrowings |
555.000 |
473.911 |
390.137 |
|
Total
borrowings |
687.423 |
618.167 |
516.953 |
|
Debt/Equity
ratio |
1.500 |
0.355 |
0.256 |
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 |
6274.342 |
7315.978 |
8421.055 |
|
|
|
16.602 |
15.105 |
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 |
6274.342 |
7315.978 |
8421.055 |
|
Profit |
206.208 |
332.319 |
275.716 |
|
|
3.29% |
4.54% |
3.27% |
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 |
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10596857 |
15/07/2015 |
300,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL |
C67190744 |
|
2 |
10581892 |
26/08/2015 * |
118,200,000.00 |
STANDARD CHARTERED BANK |
19, RAJAJI SALAI,
CHENNAI- 600001, TAMIL NADU, IN |
C64788094 |
|
3 |
10543502 |
26/06/2015 * |
200,000,000.00 |
HDFC BANK LIMITED |
1-10-60/3, 4TH
FLOOR, SURYODAYA, BEGUMPET, HYDERA |
C59393355 |
|
4 |
10334186 |
26/06/2015 * |
300,000,000.00 |
STANDARD CHARTERED BANK |
19, RAJAJI SALAI, CHENNAI- 600001, TAMIL NADU, INDIA |
C59803700 |
|
5 |
10252504 |
26/06/2015 * |
225,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE
CIRCLE, ALKAPURI, BARODA- 390015, GUJ |
C60066644 |
|
6 |
10189602 |
26/06/2015 * |
300,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
27BKC, C 27, G
BLOCK, BANDRA KURLA COMPLEX, BANDR |
C58920711 |
|
7 |
90133071 |
19/12/2002 |
874,500.00 |
LAKSHMI GENERAL FINANCE LIMITED |
NO - 21; PATULLOS ROAD,
CHENNAI- 6000 |
- |
|
8 |
90133057 |
13/11/2002 |
258,500.00 |
LAKSHMI GENERAL FINANCE LIMITED |
NO - 21; PATULLOS
ROAD, CHENNAI- 6000 |
- |
|
9 |
90133025 |
17/07/2002 |
212,000.00 |
LAKSHMI GENERAL FINANCE LIMITED |
NO - 21; PATULLOS
ROAD, CHENNAI- 6000 |
- |
|
10 |
90136536 |
12/09/2001 |
888,000.00 |
LAKSHMI GENERAL FINANCE LIMITED |
NO - 21; PATULLOS
ROAD, CHENNAI- 6000 |
- |
*
Date of charge modification
BUSINESS
OPERATIONS
The Company recorded total
turnover of Rs.8421.100 Million for the year ended 31 March, 2014 as against
Rs. 7316.000 Million achieved during the corresponding previous year. The
Profit after Tax was Rs. 280.800 Million as against Rs. 332.300 Million in the
previous year.
The Company has been
continuously exploring opportunities and anticipating the growing market demand
has been setting up various Chilling centers/Bulk Coolers across Southern belt.
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 records 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. 66.99 |
|
|
1 |
Rs. 101.78 |
|
Euro |
1 |
Rs. 73.47 |
INFORMATION DETAILS
|
Analysis Done by
: |
AMR |
|
|
|
|
Report Prepared
by : |
IND |
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 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
53 |
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.