MIRA INFORM REPORT

 

 

Report No. :

355160

Report Date :

19.12.2015

 

IDENTIFICATION DETAILS

 

Name :

CARGILL INDIA PRIVATE LIMITED

 

 

Registered Office :

111, Rectangle – I, Saket District Center, New Delhi – 110017

Tel. No.:

91-124-23589390

 

 

Country :

India

 

 

Financials (as on) :

31.03.2015

 

 

Date of Incorporation :

12.04.1996

 

 

Com. Reg. No.:

55-118008

 

 

Capital Investment / Paid-up Capital :

Rs.706.606 Million

 

 

CIN No.:

[Company Identification No.]

U15440DL1996PTC118008

 

 

IEC No.:

Not Divulged

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAACC3269J

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject is primarily engaged in the business of Agricultural Supply Chain Business which primarily comprises of trading in wheat, grains, oilseeds, sugar and cotton.[ Registered Activity]

 

 

No. of Employees :

Information declined by the management 

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (54)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 24000000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject is a step down subsidiary of ‘Cargill Incorporated’, USA. It is engaged in providing food, agriculture, financial and industrial products and services. Its product includes oils, grain and oilseeds, sugar, cotton and animal nutrition. The company also offers trade and structured finance, energy, transportation, metals, trade solutions, industrial specialties and other.

 

The company possesses moderate operational performance and it has incurred huge losses from its operational activities.

 

Ratings takes into consideration financial support available to the company from its parent entity. The company continues to benefit from the strong operational linkages with parent by virtue of access to information and relationships for sourcing raw material and tradable commodities along with benefits from global relationships in food and related industries and access to the knowledge related to commodity flows and alignment of risk management practices with the parent.

 

In addition, the company receives financial support from Cargill Inc. in form of equity infusion, external commercial borrowings (ECB) and corporate guarantees as well as trade transactions support through advances and extended credit periods.

 

However, rating strength is partially offset by trading nature of business operations and susceptibility to fluctuation in commodity prices as well as forex movement imparting volatility to profitability.

 

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

ICRA

Rating

Long Term Fund Based (So) = AA+

Rating Explanation

High degree of safety and very low credit risk.

Date

August, 2015

 

Rating Agency Name

ICRA

Rating

Cash-backed letters of Credit (So) = A1+

Rating Explanation

Very strong degree of safety and carry lowest credit risk.

Date

August, 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 [TEL NO. 91-124-23589390]

 

 

LOCATIONS

 

Registered Office :

111, Rectangle - I, Saket District Center, New Delhi – 110017, India

Tel. No.:

91-124-23589390

Fax No.:

91-11-46010390

E-Mail :

india_cargillgroup@cargill.com

Website :

http://www.cargill.co.in

 

 

Corporate Office :

14th Floor, Building 9 A, DLF Cyber City, Phase III, Gurgaon – 122002, Haryana, India

Tel. No.:

91-124-2358939/ 4090489

Fax No.:

91-124-2358977/ 2358972/ 73

 

 

DIRECTORS

 

AS ON 31.03.2015

 

Name :

Mr. Siraj Azmat Chaudhry

Designation :

Director

Address :

S-128, Windsor Court, DLF Phase LV, Gurgaon -122009, Haryana, India

Date of Birth/Age :

08.01.1967

Date of Appointment :

30.09.2008

DIN No.:

00161853

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U74999DL1979PLC136409

CARGILL FOODS INDIA LIMITED

Managing director

20/10/2005

20/10/2005

-

Amalgamated

NO

2

U15440DL1996PTC118008

CARGILL INDIA PRIVATE LIMITED

Director

30/09/2008

22/09/2008

-

Active

NO

3

L01131KA1943PLC000833

TATA COFFEE LIMITED

Director

03/08/2015

15/05/2015

-

Active

NO

 

 

Name :

Deoki Nandan Muchhal

Designation :

Director

Address :

B-163 Carlton Estate-1, Dlf City Phase-5, Gurgaon - 122002, Haryana, India

Date of Appointment :

30.09.2015

DIN No.:

01548766

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U74999DL2003PLC136410

GLOBAL OILS AND FATS LIMITED

Director

09/05/2007

09/05/2007

-

Amalgamated

NO

2

U15440DL1996PTC118008

CARGILL INDIA PRIVATE LIMITED

Director

30/09/2015

10/04/2015

-

Active

NO

 

 

Name :

Bal Krishan Anand

Designation :

Director

Address :

102, Tower-12, Vipul Greens, Sohna Road, Gurgaon - 122001, Haryana, India

Date of Birth/Age :

15.09.1970

Date of Appointment :

30.09.2014

DIN No.:

03483157

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U63021DL2005PTC142622

AWB KRISHI SUVIDHA PARISAR (KOTA) PRIVATE LIMITED

Additional director

11/05/2011

11/05/2011

09/09/2011

Active

NO

2

U51909DL2005PTC133235

AWB INDIA PRIVATE LIMITED

Director

30/09/2011

11/05/2011

18/10/2013

Active

NO

3

U74130DL2006PTC148459

AWB KRISHI UPAAJ VIPNAN PARISAR (TALERA) PRIVATE LIMITED.

Additional director

11/05/2011

11/05/2011

09/09/2011

Active

NO

4

U15440DL1996PTC118008

CARGILL INDIA PRIVATE LIMITED

Director

30/09/2014

18/10/2013

-

Active

NO

 

 

Name :

Achyuth Vasanth Iyengar

Designation :

Director

Address :

#20, Prestige Dorchester Jakkur, Yelahanka, Bangalore - 560064, Karnataka, India

Date of Birth/Age :

15.02.1978

Date of Appointment :

30.09.2015

DIN No.:

06633946

 

 

Name :

Mr. Gokul Kisan Badgujar

Designation :

Director

Address :

Flat No A602, Rohan Nilay Phase Ii, Behind Spicer High School, Aundh, Pune - 411007, Maharashtra, India

Date of Birth/Age :

01 .06.1 963

Date of Appointment :

30.09.2014

DIN No.:

06737950

 

 

KEY EXECUTIVES

 

Name :

Jyotika Dwivedi

Designation :

Secretary

Address :

H. No. 43A, Anandlok Colony, Manpur (West), Dewalchou, Haldwani - 263139, Uttarakhand, India

Date of Appointment :

17.04.2014

PAN No:

AVSPD2618L

 

 

MAJOR SHAREHOLDERS

 

AS ON 31.03.2015

 

Names of Equity Shareholders

 

No. of Shares

 

Cargill Mauritius Limited, Mauritius

 

69410675

Cargill International Trading Pte. Limited, Singapore

 

2

 

 

 

Total

 

 

69410677

 

 

Names of Preference Shareholder

 

No. of Shares

 

Cargill Global Trading India Private Limited, India

 

1250000

 

 

 

Total

 

 

1250000

 

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 30.09.2014

 

Category

Percentage

Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others

100.00

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is primarily engaged in the business of Agricultural Supply Chain Business which primarily comprises of trading in wheat, grains, oilseeds, sugar and cotton.[ Registered Activity]

 

 

Products :

Item Code No.

Product Description

15151910

Edible Oil

52010019

Cotton

10019010

Wheat and Wheat Flour

10051000

Corn

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

Information declined by the management 

 

 

Bankers :
  • H.D.F.C. Bank Limited,  Senapati Bapat Marg, Lower Parel West, Mumbai - - 400013, Maharashtra, India

 

  • State Bank of India, Saifabad S.I.B. Branch, Hyderabad - 500004, Telangana, India

 

·          UTI Bank Limited, DLF Galleria Shopping, Gurgoan - 122002, Aland Islands, Haryana, India

 

 

 

Financial Institute :

AP Industrial Development Corporation, 5 - 9 - 58/B; Fateh Maidan Road,  Hyderabad - 500004, Telangana India

 

 

Auditors :

 

Name :

B S Rand and Associates LLP

Chartered Accountants

Address :

Building No. 10, 8th Floor, Tower - B, DLF Cyber City, Phase - II, Gurgaon - 122002, Haryana, India

PAN N Income-tax PAN of auditor or auditor's firm :

AAIFB4734C

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Fellow Subsidiary company:
  • AWB India Private Limited, India [U51909DL2005PTC133235]
  • AWB Krishi Suvidha Parisar (Kota) Private Limited, India [U63021DL2005PTC142622]
  • Black River Advisors India Private Limited, India [U74140dl2008ftc172715]
  • Can Technologies INC, United States
  • Cargill (Malaysia) SDN BHD, Malaysia
  • Cargill Asia-Pacific Holdings Private Limited, Singapore
  • Cargi L L Australia Limited, Australia
  • Cargill Business Services India Private Limited, India [U74140HR2010PTC040251]
  • Cargill BV, Amsterdam, Netherlands
  • Cargill Capital and Financial Services India Private Limited 100% For. Sub, India [U65993DL2006PTC147422]
  • Cargill Cotton Limited, United Kingdom
  • Cargill Europe BVBA, Belgium
  • Cargill Global Trading India Private Limited, India [U51909DL2002PTC118226]
  • Cargill International Luxemburg, Luxembourg
  • Cargill International SA, Geneva, Switzerland
  • Cargill International Trading Private Limited, Singapore
  • Cargill Investments (China) Limited, China
  • Cargill Ocean Transportation, Singapore
  • Cargill Pakistan Agrifoods (Private) Limited., Pakistan
  • Cargill Philippines, Inc., Philippines
  • Cargill Texturizing Solut. Deutschl, United States
  • M.A. Cargill Trading Limited., Taiwan, Province Of China
  • Provimi Animal Nutrition India Private Limited, India [U24111KA1983PTC005213]
  • Provimi Holding BV, Netherlands
  • Sugar – Spanish Holdco, Switzerland

 

 

Subsidiary company:
  • Awb Krishi Upaaj Vipnan Parisar (Talera) Private Limited, India

 

 

Holding company:
  • Cargill Mauritius Limited, Mauritius

 

 

Ultimate Holding company:
  • Cargill Incorporated, USA, United States

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2015

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

120000000

Equity Shares

Rs.10/- each

Rs.1200.000 Million

26000000

Preference Shares

Rs.10/- each

Rs.260.000 Million

 

Total

 

Rs.1460.000 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

69410677

Equity Shares

Rs.10/- each

Rs.694.106 Million

1250000

Preference Shares

Rs.10/- each

Rs.12.500 Million

 

Total

 

Rs.706.606 Million

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.03.2015

31.03.2014

31.03.2013

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

706.606

557.306

415.985

(b) Reserves & Surplus

7548.114

4199.406

1823.457

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

0.000

2725.598

Total Shareholders’ Funds (1) + (2)

8254.720

4756.712

4965.040

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

3192.922

899.175

543.000

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

260.488

268.307

196.620

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

3453.410

1167.482

739.620

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

4264.729

9857.233

11039.988

(b) Trade payables

4850.198

4772.908

8667.741

(c) Other current liabilities

1379.398

1169.157

2202.180

(d) Short-term provisions

138.033

225.009

188.725

Total Current Liabilities (4)

10632.358

16024.307

22098.634

 

 

 

 

TOTAL

22340.488

21948.501

27803.294

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

1838.660

1810.726

1975.914

(ii) Intangible Assets

1089.759

1308.633

812.410

(iii) Capital work-in-progress

2996.751

255.594

153.411

(iv) Intangible assets under development

554.227

554.227

554.227

(b) Non-current Investments

35.694

35.694

35.694

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

2070.849

1707.118

1365.852

(e) Other Non-current assets

50.148

52.948

1057.013

Total Non-Current Assets

8636.088

5724.940

5954.521

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

10610.741

11525.158

13014.056

(c) Trade receivables

1921.536

2519.373

2927.786

(d) Cash and cash equivalents

90.803

1068.241

3957.473

(e) Short-term loans and advances

850.179

648.133

1269.104

(f) Other current assets

231.141

462.656

680.354

Total Current Assets

13704.400

16223.561

21848.773

 

 

 

 

TOTAL

22340.488

21948.501

27803.294

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2015

31.03.2014

31.03.2013

 

 

 

 

 

 

TOTAL INCOME

67766.770

76928.410

99573.050

 

 

 

 

 

Less

TOTAL EXPENSES

66629.080

76307.720

96924.360

 

 

 

 

 

Less

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

1137.690

620.690

2648.690

 

 

 

 

 

Less

FINANCIAL EXPENSES

753.890

1469.750

1260.990

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

383.800

-849.060

1387.700

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION

483.920

719.960

370.380

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

(100.120)

(1569.020)

1017.320

 

 

 

 

 

Less

TAX

0.000

(2.100)

134.360

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

(100.120)

(1566.920)

882.960

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD 

(1677.350)

(110.440)

(993.390)

 

 

 

 

 

 

Balance Carried to the B/S

(1777.470)

(1677.360)

(110.430)

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

(1.42) 

NA

NA

 

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2015

31.03.2014

31.03.2013

Current Maturities of Long term debt

NA

NA

NA

Cash generated from operations

NA

NA

NA

Net cash flows from (used in) operations

2322.652

(2936.501)

6705.227

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Total Income)

(%)

(0.15)

(2.04)

0.89

 

 

 

 

 

Operating Profit Margin

(PBIDT/ Total Income)

(%)

1.68

0.81

2.66

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

(0.53)

(7.44)

3.76

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

(0.01)

(0.33)

0.20

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.90

2.26

2.33

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.29

1.01

0.99

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

415.985

557.306

706.606

Reserves & Surplus

1823.457

4199.406

7548.114

Net worth

4965.040

4756.712

8254.720

 

 

 

 

Long-term borrowings

543.000

899.175

3192.922

Short term borrowings

11039.988

9857.233

4264.729

Total borrowings

11582.988

10756.408

7457.651

Debt/Equity ratio

2.333

2.261

0.903

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Total Income

99573.050

76928.410

67766.770

 

 

(22.742)

(11.909)

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Total Income

99573.050

76928.410

67766.770

Profit

882.960

(1566.920)

(100.120)

 

0.89%

(2.04%)

(0.15%)

 

 

 

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

No

22

Conduct of the banking account

--

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

Yes

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last three years

Yes

30

Major shareholders, if available

Yes

31

External Agency Rating, if available

Yes

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

No

35

Negative Reporting by Auditors in the Annual Report

No

 

 

NOTE: Registered office of the company has been shifted from 13, Abul Fazal Road New Delhi – 110001,  India To the present address w.e.f. 09.08.2007

 

 

UNSECURED LOAN

 

(Rs. In Million)

Particulars

As on

31.03.2015

As on

31.03.2014

LONG TERM BORROWING

 

 

Loans and advances from related parties

3192.922

899.175

SHORT TERM BORROWING

 

 

Rupee term loans from banks

2704.153

3381.765

Foreign currency term loans from Banks

250.000

2436.887

Working capital loans from banks

872.701

642.300

Loans and advances from related

437.875

3396.281

Total

4264.729

9857.233

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

90262634

10/03/2005

550,000.00

H.D.F.C. BANK LTD.

SENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI- 400013, MAHARASHTRA, INDIA

-

2

90262618

24/02/2005

20,000,000.00

STATE BANK OF INDIA

SAIFABAD S.I.B. BRANCH, HYDERABAD
- 500004, TELANGANA INDIA

-

3

80041726

10/01/2005

400,000,000.00

UTI BANK LTD

DLF GALLERIA SHOPPING, GURGOAN, - 122002, ALAND ISLANDS

-

4

90262418

09/02/2004

4,500,000.00

STATE BANK OF INDIA

SAIFABAD S.I.B. BRANCH, HYDERABAD
- 500004, TELANGANA INDIA

-

5

90262212

18/04/2005 *

11,500,000.00

STATE BANK OF INDIA

SAIFABAD S.I.B. BRANCH, HYDERABAD - 500004, TELANGANA INDIA

-

6

90262207

20/10/2002

11,500,000.00

STATE BANK OF INDIA

SAIFABAD BRANCH, HYDERABAD - 500004, TELANGANA INDIA

-

7

90261983

28/11/2000

2,276,000.00

AP INDUSTRIAL DEVELOPMENT CORPORATION

5 - 9 - 58/B; FATEH MAIDAN ROAD, HYDERABAD - 500004, TELANGANA INDIA

-

8

90261903

30/06/2001 *

1,700,000.00

STATE BANK OF INDIA

KHAIRTABAD BRANCH, HYDERABAD - 500004, TELANGANA INDIA

-

 

* Date of charge modification

 

 

FIXED ASSETS

 

Tangible assets

 

  • Land
  • Plant and equipment
  • Furniture and fixtures
  • Vehicles
  • Office equipment
  • Computer equipment’s
  • Leasehold improvements
  • Buildings

 

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.66.42

UK Pound

1

Rs.99.17

Euro

1

Rs.72.14

 

 

INFORMATION DETAILS

 

Information Gathered by :

DIP

 

 

Analysis Done by :

KAR

 

 

Report Prepared by :

GEET

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

7

PAID-UP CAPITAL

1~10

6

OPERATING SCALE

1~10

7

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

7

--PROFITABILITY

1~10

--

--LIQUIDITY

1~10

7

--LEVERAGE

1~10

6

--RESERVES

1~10

7

--CREDIT LINES

1~10

7

--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

 

54

 

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

 

--

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.