MIRA INFORM REPORT
|
Report No. : |
355953 |
|
Report Date : |
21.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
ALLANASONS PRIVATE LIMITED (w.e.f. 29.10.2014) |
|
|
|
|
Formerly Known
As : |
ALLANASONS LIMITED |
|
|
|
|
Registered
Office : |
Allana House, 4, Allana Road, Colaba, Mumbai – 400001, Maharashtra |
|
Tel. No.: |
91-22-22874455 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
01.02.1973 |
|
|
|
|
Com. Reg. No.: |
11-016285 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 19.099 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51990MH1973PTC016285 |
|
|
|
|
IEC No.: |
0388078375 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA4533D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Exporter of Processed Food Products and Agro Commodities. (Confirmed by management) |
|
|
|
|
No. of Employees
: |
Management declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (60) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Phoenicia Shipping Company Limited”. The
company has a presence in domestic trade and export of frozen food, spices, oil
seeds, edible oil, coffee, cereals and fruits most of which are exported
primarily to south East nations Europe and Middle East. For the financial year ended 2014, company has reported 35.10% revenue
growth as compared to previous year revenue and it has maintain average
profitability margins at 1.52% during the year under review. Rating continues to derive strength from experienced promoters in food
processing business, increasing business scale, established brand name, wide
international presence with diversified product portfolio, and long-standing
customer’s relations. Rating also takes into consideration company’s established track
record of business operations supported by its satisfactory financial profile
along with sound net worth base and above average debt coverage indicators. Moreover, company also receives strong financial and managerial
support from its holding entity. However, rating strength is partially offset by trading nature of business
operations along with susceptibility to fluctuation in commodity prices
movement imparting volatility to profitability and intense competition in the
industry. Trade relations are reported as fair. Payments are reported to be
regular and as per commitments. The company can be considered good for normal business dealings at
usual trade terms are conditions. Note: As per registrar of companies the date of balance sheet (i.e.
financial filed) is shown as 31.03.2015 but the documents related to the
financial for the year 31.03.2015 are not available from any source. |
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 |
CARE |
|
Rating |
Short term Bank facilities : A1+ |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
December 17, 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. Vinal |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-22874455/ 22811000 |
|
Date : |
19.12.2015 |
LOCATIONS
|
Registered Office : |
Allana House, 4, Allana Road, Colaba, Mumbai – 400001, Maharashtra,
India |
|
Tel. No.: |
91-22-22811000/22874455 |
|
Fax No.: |
91-22-22044821/22047002 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Allana Centre, A. R. J. Allana Marg, 113 / 115 M.G Road, Fort, Mumbai
- 400001, Maharashtra, India |
|
Tel. No.: |
91-22-22628000/ 66569000 |
|
Fax No.: |
91-22-22695700/ 22695701 |
|
E-Mail : |
|
|
|
|
|
Branch Offices : |
Located at: ·
Bangalore ·
New Delhi ·
Hyderabad ·
Kochi ·
Mangalore ·
Hassan ·
Aurangabad ·
Zaheerabad ·
Unnao ·
Vashi ·
Taloja ·
Sahidabad ·
Agra ·
Veraval ·
Dwarka ·
Kalwa ·
New Mumbai ·
Mourigram |
DIRECTORS
As on: 31.03.2015
|
Name : |
Mr. Rajesh Haridas Asher |
|
Designation : |
Managing Director |
|
Address : |
Bungalow No. 25B, Vrrindavan, Sindhi Society, Bhakti Bhavan Road,
Chembur, Mumbai – 400071, Maharashtra, India |
|
Date of Birth/Age : |
24.01.1957 |
|
Date of Appointment : |
01.03.2014 |
|
DIN No.: |
01903340 |
|
|
|
|
Name : |
Mr. Rashid Sohrab Kadimi |
|
Designation : |
Director appointed in casual vacancy |
|
Address : |
4C-14, Versova View, 4 Bunglow Road, Andheri (West), Mumbai – 400053,
Maharashtra, India |
|
Date of Birth/Age : |
17.07.1948 |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
09.05.2011 |
|
DIN No.: |
00212790 |
|
|
|
|
Name : |
Mr. Shaikh Khalil Shakil |
|
Designation : |
Additional director |
|
Address : |
Flat No. C-110, 1st Floor, Liberty Comp, Vashi, Navi Mumbai
– 400705, Maharashtra, India |
|
Date of Birth/Age : |
19.08.1969 |
|
Date of Appointment : |
01.09.2012 |
|
DIN No.: |
01205080 |
|
|
|
|
Name : |
Mr. Fauzan Mustafa Alavi |
|
Designation : |
Additional director |
|
Address : |
603-Carlton Court, Perry Cross Road, Bandra (West), Mumbai – 400050,
Maharashtra, India |
|
Date of Birth/Age : |
16.12.1969 |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
14.06.2011 |
|
DIN No.: |
03552053 |
KEY EXECUTIVES
|
Name : |
Mr. Anvar |
|
Designation : |
General Manager in Finance |
|
|
|
|
Name : |
Mr. Afzal Aziz Contractor |
|
Designation : |
Vice President - Marketing |
|
Qualification : |
B.Com |
|
|
|
|
Name : |
Mr. Vinal |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 31.03.2015
|
Names of Shareholders |
No. of Shares |
|
Phoenicia Shipping Company Limited, India |
159628 |
|
Allana Investments and Trading Company Limited, India |
31355 |
|
Soeb Nooruddin Bhatri holding as a Nominee for Allana Investments and
Trading Company Limited, India |
1 |
|
Anwar Yasin Chauhan holding as a Nominee for Allana Investments and Trading
Company Limited, India |
1 |
|
Mulky Krishna Haridas holding as a Nominee for Allana Investments and
Trading Company Limited, India |
1 |
|
Rashid Sohrab Kadimi holding jointly with Iqbal Abdulgani Soorya as a nominee
for Allana Investments and Trading Company Limited, India |
1 |
|
Iqbal Abdulgani Soorya holding jointly with Rashid Sohrab Kadimi as a
nominee for Allana Investments and Trading Company Limited, India |
1 |
|
|
|
|
Total |
190988 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Exporter of Processed Food Products and Agro Commodities. (Confirmed by management) |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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|
|||||||||||||||
|
Customers : |
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|||||||||||||||
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|
|||||||||||||||
|
No. of Employees : |
Management declined by the management |
|||||||||||||||
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|
|
|||||||||||||||
|
Bankers : |
· Vijaya Bank, Overseas Branch, Nariman Point, Mumbai – 400021, Maharashtra, India · Union Bank of India, Mumbai Samachar Marg Branch, 66/80 Mumbai Samachar Marg, Mumbai – 400023, Maharashtra, India · HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai - 400013, Maharashtra, India · Kotak Mahindra Bank Limited, 27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400051, Maharashtra, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Rajendra and Company Chartered Accountants |
|
Address : |
1311, Dalamal Tower, 211 Nariman Point, Mumbai,
Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFB6405G |
|
E-Mail : |
|
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Holding Company : |
Phoenicia Shipping Company Limited [U35110MH1976PLC019187] |
|
|
|
|
Subsidiary Company : |
Allana Pharmachem Limited [U65990MH1984PLC032824] |
|
|
|
|
Associate Company : |
·
Indagro Foods Limited [U15100MH1992PLC068160] ·
Alagro Trading Limited [U51900MH1984PLC033754] ·
Allana Cold Storage Limited
[U63020MH1973PLC016807] |
CAPITAL STRUCTURE
As on 30.09.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200,000 |
Equity Shares |
Rs. 100/- each |
Rs. 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
190,988 |
Equity Shares |
Rs. 100/- each |
Rs. 19.099
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 |
19.099 |
19.099 |
19.600 |
|
(b) Reserves & Surplus |
4237.246 |
3134.307 |
2491.684 |
|
(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) |
4256.345 |
3153.406 |
2511.284 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
(1.481) |
3.640 |
3.150 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
16.976 |
16.989 |
358.431 |
|
Total
Non-current Liabilities (3) |
15.495 |
20.629 |
361.581 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
1250.000 |
500.000 |
550.000 |
|
(b)
Trade payables |
16826.195 |
13647.532 |
12556.985 |
|
(c)
Other current liabilities |
102.141 |
33.517 |
175.582 |
|
(d)
Short-term provisions |
37.768 |
25.310 |
121.033 |
|
Total
Current Liabilities (4) |
18216.104 |
14206.359 |
13403.600 |
|
|
|
|
|
|
TOTAL |
22487.944 |
17380.394 |
16276.465 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
275.222 |
226.473 |
197.812 |
|
(ii)
Intangible Assets |
25.470 |
30.409 |
31.422 |
|
(iii)
Capital work-in-progress |
2.002 |
11.268 |
25.979 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
817.034 |
817.034 |
817.034 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
54.063 |
15.611 |
15.042 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
1173.791 |
1100.795 |
1087.289 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
6942.671 |
5791.436 |
5552.993 |
|
(c)
Trade receivables |
10023.781 |
5694.929 |
5473.734 |
|
(d)
Cash and cash equivalents |
3472.605 |
4094.636 |
3193.290 |
|
(e)
Short-term loans and advances |
455.204 |
279.182 |
366.785 |
|
(f)
Other current assets |
419.892 |
419.416 |
602.374 |
|
Total
Current Assets |
21314.153 |
16279.599 |
15189.176 |
|
|
|
|
|
|
TOTAL |
22487.944 |
17380.394 |
16276.465 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
104781.679 |
77549.800 |
59402.282 |
|
|
|
Other Income |
3.296 |
9.509 |
3.052 |
|
|
|
TOTAL |
104784.975 |
77559.309 |
59405.334 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
2168.649 |
1936.222 |
1455.629 |
|
|
|
Purchases of Stock-in-Trade |
93916.214 |
68570.652 |
52929.657 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(1296.087) |
(51.492) |
(312.711) |
|
|
|
Employees benefits expense |
228.316 |
187.423 |
129.426 |
|
|
|
Other expenses |
7302.217 |
5543.323 |
4328.038 |
|
|
|
TOTAL |
102319.309 |
76186.128 |
58530.039 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
2465.666 |
1373.181 |
875.295 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
2465.666 |
1373.181 |
875.295 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
47.098 |
44.921 |
35.947 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
2418.568 |
1328.260 |
839.348 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
826.281 |
448.129 |
287.360 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1592.287 |
880.131 |
551.988 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
2787.666 |
2233.558 |
1964.565 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
Capital Transfer |
0.000 |
0.501 |
0.000 |
|
|
|
Transfer to General Reserve |
159.229 |
88.013 |
55.199 |
|
|
|
Dividend |
418.263 |
204.357 |
196.000 |
|
|
|
Tax on Dividend |
71.084 |
33.152 |
31.796 |
|
|
|
Total |
648.576 |
326.023 |
282.995 |
|
|
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
3731.377 |
2787.666 |
2233.558 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
98882.400 |
72314.300 |
54581.500 |
|
|
|
|
|
|
|
|
|
CIF VALUE OF
IMPORTS |
275.800 |
283.300 |
85.500 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8337.11 |
4580.81 |
2816.27 |
|
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 |
(571.540) |
1553.555 |
987.439 |
|
Net Cash flows from operating activities |
(1404.069) |
1101.570 |
987.439 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.52 |
1.13 |
0.93 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
2.35 |
1.77 |
1.47 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.16 |
8.02 |
5.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.57 |
0.42 |
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.29 |
0.16 |
0.22 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.17 |
1.15 |
1.13 |
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 |
19.600 |
19.099 |
19.099 |
|
Reserves & Surplus |
2491.684 |
3134.307 |
4237.246 |
|
Net worth |
2511.284 |
3153.406 |
4256.345 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
550.000 |
500.000 |
1250.000 |
|
Total borrowings |
550.000 |
500.000 |
1250.000 |
|
Debt/Equity ratio |
0.219 |
0.159 |
0.294 |
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 |
59402.282 |
77549.800 |
104781.679 |
|
|
|
30.550 |
35.115 |
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 |
59402.282 |
77549.800 |
104781.679 |
|
Profit |
551.988 |
880.131 |
1592.287 |
|
|
0.93% |
1.13% |
1.52% |
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 |
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 |
REVIEW OF OPERATIONS:
During the year the Company achieved a turnover of Rs.104781.700 Million as compared to Rs. 7 7549.700 Million in the previous year, showing a growth of 35%. The profit after tax for the current year is Rs. 1592.200 Million Compared to Rs. 880.100 Million for the previous year.
INDEX OF CAHREGS:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10594368 |
07/09/2015 |
5,000,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, Maharashtra, INDIA |
C65893190 |
|
2 |
10592279 |
04/09/2015 |
3,000,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400051, Maharashtra, INDIA |
C64827959 |
|
3 |
10362020 |
17/07/2015 * |
3,400,000,000.00 |
UNION BANK OF INDIA |
MUMBAI SAMACHAR MARG BRANCH, 66/80 MUMBAI SAMACHAR MARG BRANCH, MUMBAI - 400023, Maharashtra, INDIA |
C59846360 |
|
4 |
10341799 |
14/03/2012 |
1,600,000,000.00 |
VIJAYA BANK |
OVERSEAS BRANCH, NARIMAN POINT, MUMBAI 400021, Maharashtra, INDIA |
B34868836 |
* Date
of charge modification
FIXED ASSETS:
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report : No
press reports / filings exists on the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.42 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.72.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
MTN |
|
|
|
|
Report Prepared
by : |
MTN |
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 |
6 |
|
--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 |
|
60 |
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.