MIRA INFORM REPORT
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Report No. : |
354891 |
|
Report Date : |
16.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
SHREE BHAGWATI FLOUR AND FOODS PRIVATE LIMITED |
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|
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Registered
Office : |
Survey No.430, Sarkhej-Bavla Highway, Changodar (Village: Moraiya),
Ahmedabad – 382213, Gujarat |
|
Tel. No.: |
91-9574008415 (Ms. Jagruti) |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
25.04.1994 |
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Com. Reg. No.: |
04-021888 |
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Capital
Investment / Paid-up Capital : |
Rs.24.935 Million |
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|
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CIN No.: [Company Identification
No.] |
U15319GJ1994PTC021888 |
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IEC No.: |
0804014361 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAGCS5920E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged into Processing, Manufacturing, Private Labeling
and Exporting all type of Flours, Spices, lentils/ Pulse, Instant Mixes,
Khakhara, Ready to Eat etc. and a whole range of food items and ingredients.
(From Indirect Sources) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1994,
having satisfactory track. Management has failed to file its latest financials for the year 2015 with
the government department. However, the rating takes into consideration strong financial risk
profile of the company marked by adequate networth base and comfortable
gearing in FY14. Further the company has reported significant increase in sales turnover
and profit along with decent profit margin of nearly 4% in the year under
consideration. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In view of long track record of business operations along with decent
financial condition, the company can be considered for business dealings with
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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.
INFORMATION DENIED BY
|
Name : |
Ms. Jagruti |
|
Designation : |
Office Executive |
|
Contact No.: |
91-9574008415 |
|
Date : |
14.12.2015 |
LOCATIONS
|
Registered Office/ Corporate Office: |
Survey No.430, Sarkhej-Bavla Highway, Changodar (Village: Moraiya),
Ahmedabad – 382213, Gujarat |
|
Tel. No.: |
91-2717-251871/72/73 |
|
Mobile No.: |
91-9574008415 (Ms. Jagruti) |
|
Fax No.: |
91-2717-250350 |
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E-Mail : |
|
|
Website: |
DIRECTORS
As on 31.03.2015
|
Name : |
Mr. Nitinkumar Patel |
|
Designation : |
Director |
|
Address : |
12, Heritej Residency, Thaltej, Taluka: Daskroi,, District-Ahmedabad, Ahmedabad - 382428, Gujarat, India |
|
Date of Appointment : |
25.04.1994 |
|
PAN No.: |
ACRPP9175E |
|
DIN No.: |
01872924 |
|
|
|
|
Name : |
Ms. Hemanginiben Patel |
|
Designation : |
Director |
|
Address : |
R-12, Harritage Residency, Near Heritage Homes, Thaltej Shilaj Road, Ahmedabad, 380054, Gujarat, India |
|
Date of Appointment : |
25.04.1994 |
|
PAN No.: |
ABRPP7451J |
|
DIN No.: |
01872919 |
|
|
|
|
Name : |
Mr. Vashistha Nitinbhai Patel |
|
Designation : |
Director |
|
Address : |
R-12, Harritage Residency, Near Heritage Homes, Thaltej Shilaj Road, Ahmedabad, 380054, Gujarat, India |
|
Date of Appointment : |
07.05.1999 |
|
PAN No.: |
ABCPP4874E |
|
DIN No.: |
00953577 |
|
|
|
|
Name : |
Ms. Amula Vashistha Patel |
|
Designation : |
Additional director |
|
Address : |
R-12, Harritage Residency, Near Heritage Homes, Thaltej Shilaj Road, Ahmedabad, 380054, Gujarat, India |
|
Date of Appointment : |
01.04.2011 |
|
PAN No.: |
AFRPP5378L |
|
DIN No.: |
03587643 |
|
|
|
|
Name : |
Mr. Ankit Upendrabhai Acharya |
|
Designation : |
Additional Director |
|
Address : |
A-3, Laxmi Apartment, Nava Vadaj, Ahmedabad City, Naranpura Vistar, Ahmedabad - 380013, Gujarat, India |
|
Date of Birth/Age : |
19.05.1980 |
|
Date of Appointment : |
28.08.2015 |
|
DIN No.: |
07273065 |
KEY EXECUTIVES
|
Name : |
Ms. Jagruti |
|
Designation : |
Office Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Nitinkumar Patel |
1103890 |
44.27 |
|
Vashistha Nitinbhai Patel |
841470 |
33.75 |
|
Hemanginiben Patel |
548140 |
21.98 |
|
Total |
2493500 |
100.00 |
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into Processing, Manufacturing, Private Labeling
and Exporting all type of Flours, Spices, lentils/ Pulse, Instant Mixes,
Khakhara, Ready to Eat etc. and a whole range of food items and ingredients.
(From Indirect Sources) |
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Products : |
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Brand Names : |
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Agencies Held : |
Not Available |
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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 : |
Khandwala and Khandwala Chartered Accountants |
|
Address : |
Second Floor, Hrishikesh Building, Vasantbaug Society Gulbai Tekri Opposite C K Khadayata Chhatralay Ahmedabad – 380006, Gujarat, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAEFP0241L |
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Memberships : |
-- |
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Collaborators : |
-- |
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Enterprises in
which key managerial personnel and their relatives are able to exercise
significant influence: |
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CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2493500 |
Equity Shares |
Rs.10/- each |
Rs.24.935
Million |
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|
|
|
|
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 |
24.935 |
24.935 |
24.935 |
|
(b) Reserves & Surplus |
316.735 |
238.103 |
164.983 |
|
(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) |
341.670 |
263.038 |
189.918 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
136.167 |
28.828 |
34.514 |
|
(b) Deferred tax liabilities
(Net) |
20.682 |
15.517 |
13.079 |
|
(c) Other long term
liabilities |
11.855 |
11.855 |
0.000 |
|
(d) long-term provisions |
0.770 |
0.534 |
0.164 |
|
Total
Non-current Liabilities (3) |
169.474 |
56.734 |
47.757 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
189.541 |
225.338 |
162.055 |
|
(b) Trade payables |
65.203 |
40.834 |
41.210 |
|
(c) Other current liabilities |
33.765 |
31.541 |
45.108 |
|
(d) Short-term provisions |
5.637 |
0.002 |
0.006 |
|
Total
Current Liabilities (4) |
294.146 |
297.715 |
248.379 |
|
|
|
|
|
|
TOTAL |
805.290 |
617.487 |
486.054 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
266.181 |
170.031 |
137.360 |
|
(ii) Intangible Assets |
0.709 |
0.825 |
0.941 |
|
(iii) Capital work-in-progress |
15.319 |
6.253 |
1.582 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
194.009 |
193.399 |
120.116 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
21.707 |
14.637 |
17.174 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
497.925 |
385.145 |
277.173 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
114.143 |
99.673 |
75.437 |
|
(c) Trade receivables |
155.242 |
124.152 |
122.445 |
|
(d) Cash and cash equivalents |
2.641 |
1.209 |
1.331 |
|
(e) Short-term loans and
advances |
31.592 |
3.981 |
7.848 |
|
(f) Other current assets |
3.747 |
3.327 |
1.820 |
|
Total
Current Assets |
307.365 |
232.342 |
208.881 |
|
|
|
|
|
|
TOTAL |
805.290 |
617.487 |
486.054 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Turnover |
1701.800 |
1479.300 |
1161.800 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
TOTAL
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
151.469 |
136.317 |
107.524 |
|
|
|
|
|
|
|
Less |
INTEREST |
24.856 |
17.103 |
12.335 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
126.613 |
119.214 |
95.189 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
12.233 |
8.655 |
7.279 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
114.380 |
110.559 |
87.910 |
|
|
|
|
|
|
|
Less |
TAX |
35.749 |
37.439 |
28.876 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
78.631 |
73.120 |
59.034 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
238.003 |
164.883 |
105.849 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
316.634 |
238.003 |
164.883 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
31.53 |
29.32 |
23.68 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
13.963 |
10.741 |
8.541 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
127.302 |
116.674 |
102.330 |
|
Net cash flow from operating activity |
100.457 |
76.525 |
81.125 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
4.62 |
4.94 |
5.08 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
8.90 |
9.21 |
9.25 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
19.19 |
26.46 |
24.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33 |
0.42 |
0.46 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.99 |
1.01 |
1.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.04 |
0.78 |
0.84 |
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 |
24.935 |
24.935 |
24.935 |
|
Reserves & Surplus |
164.983 |
238.103 |
316.735 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
189.918 |
263.038 |
341.670 |
|
|
|
|
|
|
long-term borrowings |
34.514 |
28.828 |
136.167 |
|
Short term borrowings |
162.055 |
225.338 |
189.541 |
|
Current Maturities of
Long-Term Debts |
8.541 |
10.741 |
13.963 |
|
Total
borrowings |
205.110 |
264.907 |
339.671 |
|
Debt/Equity
ratio |
1.080 |
1.007 |
0.994 |
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) |
|
Turnover |
1161.800 |
1479.300 |
1701.800 |
|
|
|
27.328 |
15.041 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Turnover |
1161.800 |
1479.300 |
1701.800 |
|
Profit |
59.034 |
73.120 |
78.631 |
|
|
5.08% |
4.94% |
4.62% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
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 |
OPERATIONAL REVIEW
The Company has achieved turnover of Rs.1701.800 Million during the year as compared to turnover of Rs.1479.300 Million during previous year. There is profit before depreciation, interest and tax of Rs.151.469 lakh (Previous Year Rs.136.317 Million) After charging depreciation of Rs.12.233 Million (Previous Year Rs.8.654 Million) and interest of Rs. 24.900 Million (Previous year Rs.17.100 Million), there is profit before tax of Rs.114.308 Million (Previous Year Profit Rs.110.558 Million) There is profit after tax of Rs. 78.631 Million (Previous year profit of Rs.73.120 Million) Profit before depreciation, interest and tax has gone up due to higher utilization of capacity. In view of volatility in the markets, the Directors are not in a position to forecast the result for the year under progress.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and Advances from Related parties |
70.000 |
0.000 |
|
|
|
|
|
Short-term borrowings |
|
|
|
Loans and Advances from Related parties |
21.961 |
62.310 |
|
|
|
|
|
Total |
91.961 |
62.31 |
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
In respect of Bank Guarantee |
0.699 |
0.699 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10467224 |
29/10/2013 |
25,000,000.00 |
Axis Bank
Limited |
TRISHUL 3RD
FLOOR OPP SAMARTHESHWAR TEMPLE, LAW G |
B92407477 |
|
2 |
80015924 |
27/09/2013 * |
424,400,000.00 |
Standard
Chartered Bank |
GROUND FLOOR, ABHIJEET
II, MITHAKHALI SIX ROADS, |
B86451408 |
|
3 |
80015926 |
04/02/2013 * |
394,400,000.00 |
Standard
Chartered Bank |
GROUND FLOOR,
ABHIJEET-II, MITHAKALI SIX ROADS,NA |
B69605129 |
FIXED ASSETS
- Land
- Buildings
- Factory building
- Other building
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
- 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 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.67.04 |
|
|
1 |
Rs.101.67 |
|
Euro |
1 |
Rs.73.92 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
|
49 |
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.