MIRA INFORM REPORT

 

 

Report No. :

354880

Report Date :

21.12.2015

 

IDENTIFICATION DETAILS

 

Name :

DECCAN  FINE CHEMICALS (INDIA) PRIVATE LIMITED (w.e.f. 23.04.2010)

 

 

Formerly Known As :

DECCAN FINE CHEMICALS (INDIA) LIMITED (w.e.f. 11.02.2008)

 

DECCAN  FINE CHEMICALS (INDIA) PRIVATE LIMITED

 

 

Registered Office :

8-2-293/82/A/74A, Road No. 9, Jubilee Hills, Hyderabad  – 500033, Telangana

Tel. No.:

91-40-23601035

 

 

Country :

India

 

 

Financials (as on) :

31.03.2015

 

 

Date of Incorporation :

24.08.2006

 

 

Com. Reg. No.:

36-050967

 

 

Capital Investment / Paid-up Capital :

Rs. 468.700 Million

 

 

CIN No.:

[Company Identification No.]

U24117TG2006PTC050967

 

 

IEC No.:

Not Divulged 

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

HYDD03907B

 

 

PAN No.:

[Permanent Account No.]

AACCD9205D

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacture of Agro Chemicals Active Ingredients and Fine Chemicals. (Registered Activity)

 

 

No. of Employees :

Information declined by the management 

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (52)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Maximum Credit Limit :

USD 5800000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject is well established company having fine track.

 

For the financial year ended 2015, the company has healthy operational activity marked by decant sales turnover along with profitability margin of 14.55%.

 

The company has sound financial base, efficient net worth position along with low debt levels. It has acquired a manufacturing unit at Ankleshwar, Gujarat from Bayer CropScience Limited.

 

Trade relations are fair. Business is active. Payments are regular.

 

In view of extensive experience of company’s promoters, it 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

 

Rating Agency Name

CRISIL

Rating

Long term rating = BBB+

Rating Explanation

Moderating degree of safety and moderate credit risk

Date

27.03.2015

 

Rating Agency Name

CRISIL

Rating

Short term rating = A2

Rating Explanation

Strong degree of safety and low credit risk

Date

27.03.2015

 

 

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 DECLINED BY

 

Name :

Ms. Mithi Agarwal

Designation :

Finance Department

Contact No.:

91-40-23601038

Date :

18.12.2015

 

 

LOCATIONS

 

Registered Office :

8-2-293/82/A/74A, Road No. 9, Jubilee Hills, Hyderabad  – 500033, Telangana, India

Tel. No.:                 

91-40-23601035

Fax No.:

91-40-23601071

E-Mail :

l.d.reddy@gmail.com    

Website :

http://www.deccanchemicals.com

 

 

Factory :

Kesavaram, Ventakanagaram Post, Payakaraopeta Mandal, District Visakhapatnam - 531127, Andhra Pradesh, India

 

 

DIRECTORS

 

AS ON 31.03.2015

 

Name :

Mr. Gokaraju Satyanarayana

Designation :

Managing Director

Address :

Plot No 211, Road No 14, Prashasan Nagar, Jubilee Hills, Hyderabad – 500033, Andhra Pradesh, India 

Date of Appointment :

29.02.2012

DIN No.:

00524152

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

L24219TG1986PLC016607

NAGARJUNA AGRICHEM LIMITED

Director

16/09/2008

03/02/1998

28/01/2009

Active

NO

2

U24230MH1974PTC189863

VIJAYALAKSHMI INSECTICIDES AND PESTICIDES PRIVATE LIMITED

Director

03/02/1998

03/02/1998

26/03/2007

Amalgamated

NO

3

L24219AP1993PLC015963

BHAGIRADHA CHEMICALS AND INDUSTRIES LIMITED

Director

29/01/1999

29/01/1999

30/11/2008

Active

NO

4

U80100TG1995NPL022409

NAGARJUNA AGRICULTURAL RESEARCH AND DEVELOPMENT INSTITUTE

Director

02/09/2000

02/09/2000

23/02/2009

Active

NO

5

U31909KA1996PLC019918

UDUPI POWER CORPORATION LIMITED

Director

28/01/2002

28/01/2002

03/08/2007

Active

NO

6

U01122TG2000PTC034192

BIJAM BIOSCIENCES PRIVATE LIMITED

Director

03/03/2003

03/03/2003

21/11/2008

Active

NO

7

U74140TG2003PTC041263

BIJAM PRIVATE LIMITED

Director

25/07/2003

25/07/2003

21/11/2008

Active

NO

8

U00337KA1993PLC014694

JAIPRAKASH ENGINEERING AND STEEL COMPANY LIMITED

Director

01/09/2003

01/09/2003

19/12/2008

Active

NO

9

U24129MH2001PLC210070

NAGARJUNA CORPORATION LIMITED

Director

28/07/2006

28/07/2006

21/11/2008

Amalgamated

NO

10

U24117TG2006PTC050967

DECCAN FINE CHEMICALS (INDIA) PRIVATE LIMITED

Managing director

29/02/2012

03/06/2008

-

Active

NO

 

 

Name :

Vamsi Gokaraju

Designation :

Whole Time Director

Address :

8-2-293/82/A/1355, Road No. 45, Jubilee Hills Hyderabad – 500033, Andhra Pradesh, India

Date of Appointment :

29.02.2012

DIN No.:

02479839

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

U24230MH1974PTC189863

VIJAYALAKSHMI INSECTICIDES AND PESTICIDES PRIVATE LIMITED

DIRECTOR

03-02-1998

03-02-1998

26-03-2007

AMALGAMATED

NO

2

L24219TG1986PLC016607

NAGARJUNA AGRICHEM LIMITED

DIRECTOR

16-09-2008

03-02-1998

28-01-2009

ACTIVE

NO

3

L24219AP1993PLC015963

BHAGIRADHA CHEMICALS AND INDUSTRIES LIMITED

DIRECTOR

29-01-1999

29-01-1999

30-11-2008

ACTIVE

NO

4

U80100TG1995NPL022409

NAGARJUNA AGRICULTURAL RESEARCH AND DEVELOPMENT INSTITUTE

DIRECTOR

02-09-2000

02-09-2000

23-02-2009

ACTIVE

NO

5

U31909KA1996PLC019918

UDUPI POWER CORPORATION LIMITED

DIRECTOR

28-01-2002

28-01-2002

03-08-2007

ACTIVE

NO

6

U01122TG2000PTC034192

BIJAM BIOSCIENCES PRIVATE LIMITED

DIRECTOR

03-03-2003

03-03-2003

21-11-2008

ACTIVE

NO

7

U74140TG2003PTC041263

BEACH FARM PRIVATE LIMITED

DIRECTOR

25-07-2003

25-07-2003

21-11-2008

ACTIVE

NO

8

U00337KA1993PLC014694

JAIPRAKASH ENGINEERING AND STEEL COMPANY LIMITED

DIRECTOR

01-09-2003

01-09-2003

19-12-2008

ACTIVE

NO

9

U24129MH2001PLC210070

NAGARJUNA CORPORATION LIMITED

DIRECTOR

28-07-2006

28-07-2006

21-11-2008

AMALGAMATED

NO

10

U24117TG2006PTC050967

DECCAN FINE CHEMICALS (INDIA) PRIVATE LIMITED

MANAGING DIRECTOR

29-02-2012

03-06-2008

-

ACTIVE

NO

 

 

Name :

Kanumuri Venkata Lakshmipathi Raju

Designation :

Director

Address :

Plot No. 532. 10th Line, P.N. Colony, Srikakulam, 532004, Telangana, India

Date of Appointment :

24.12.2007

DIN No.:

02000929

 

 

Name :

Mr. Robert Nicolas Ernest Durand

Designation :

Additional director

Address :

34 Rue De Lectoure, Saint Louis – 68300, France

Date of Birth/Age :

19.07.1947

Date of Appointment :

12.09.2012

DIN No.:

06393075

 

 

Name :

Maki Hosoda

Designation :

Additional director

Address :

204 Dianacourt 12-36-5, Okusawa, Setagaya-Ku, 158-0083, Tokyo, NA, Japan

Date of Appointment :

12.02.2014

DIN No.:

06720036

 

 

KEY EXECUTIVES

 

Name :

Ms. Mithi Agarwal

Designation :

Finance Department

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

 

AS ON 18.06.2013

 

NOTE: SHAREHOLDING DETAILS FILE ATTACHED.

 

 

AS ON 18.06.2013

 

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]

47.89

Directors or relatives of directors

44.07

Others

8.04

Total

 

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacture of Agro Chemicals Active Ingredients and Fine Chemicals. (Registered Activity)

 

 

Products :

Agro Chemicals Active Ingredients and Fine Chemicals

 

 

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 :

Banker Name

Bank of Bahrain and Kuwait BSC

Branch Address

6-3-550, L B Bhawan, Akashganga, Somajiguda, Hyderabad – 500082, Telangana, India

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

(Rs. In Million)

 

SECURED LOAN

As on

31.03.2015

As on

31.03.2014

LONG TERM BORROWING

 

 

Term loans

877.773

188.468

Loans repayable on demand

0.000

136.033

SHORT TERM BORROWING

 

 

Working capital loans from banks

920.976

0.000

Other loans and advances

0.000

763.165

Total

1798.749

1087.666

 

Auditors :

 

Name :

Saranga Pani and Company

Chartered Accountants

Address :

1-1-719,Gandhi Nagar, Hyderabad 500080, Andhra Pradesh, India

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

ABZPC2635H

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

 

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2015

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

65000000

Equity Shares

Rs. 10/- each

Rs. 650.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

46870000

Equity Shares

Rs. 10/- each

Rs. 468.700 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

468.700

468.700

468.700

(b) Reserves & Surplus

1563.582

863.551

113.053

(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)

2032.282

1332.251

581.753

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

1394.984

723.506

587.244

(b) Deferred tax liabilities (Net)

341.909

0.000

0.000

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

1736.893

723.506

587.244

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

920.976

763.165

293.834

(b) Trade payables

2818.596

2122.127

1298.942

(c) Other current liabilities

702.984

389.008

447.877

(d) Short-term provisions

303.226

236.100

73.201

Total Current Liabilities (4)

4745.782

3510.400

2113.854

 

 

 

 

TOTAL

8514.957

5566.157

3282.851

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

4343.298

2801.296

1912.686

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

172.076

52.273

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

2.824

0.000

0.000

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

4518.198

2853.569

1912.686

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

1755.820

1194.338

501.240

(c) Trade receivables

1739.862

1006.688

646.035

(d) Cash and cash equivalents

85.754

279.859

77.459

(e) Short-term loans and advances

404.849

228.089

142.186

(f) Other current assets

10.474

3.614

3.245

Total Current Assets

3996.759

2712.588

1370.165

 

 

 

 

TOTAL

8514.957

5566.157

3282.851

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2015

31.03.2014

31.03.2013

 

SALES

 

 

 

 

Income

7359.843

5369.341

3374.520

 

Other Income

833.536

20.942

14.707

 

TOTAL (A)

8193.379

5390.283

3389.227

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

4888.760

3330.091

 

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

(182.281)

(71.181)

2590.925

 

Employees benefits expense

444.288

207.119

 

 

CSR expenditure

2.460

1.311

 

 

Other expenses

932.889

489.088

 

 

TOTAL (B)

6086.116

3956.428

2590.925

 

 

 

 

 

Less

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

2107.263

1433.855

798.302

 

 

 

 

 

Less

FINANCIAL EXPENSES (D)

179.427

224.547

176.639

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)

1927.836

1209.308

621.663

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION (F)

467.042

232.933

156.210

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX (E-F)   (G)

1460.794

976.375

465.453

 

 

 

 

 

Less

TAX (H)

389.349

225.878

70.475

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX  (G-H)   (I)

1071.445

750.497

394.978

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD 

827.443

76.946

(318.032)

 

 

 

 

 

Less

APPROPRIATIONS

 

 

 

 

Adjustment of Deferred Tax of Previous Years

278.334

0.000

0.000

 

Proposed Dividend & Tax thereon

93.079

0.000

0.000

 

Balance Carried to the B/S

1527.475

827.443

76.946

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

22.86

16.01

8.43

 

 

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

1499.836

1425.004

661.302

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2015

31.03.2014

31.03.2013

Net Profit Margin

(PAT / Sales)

(%)

14.56

13.98

11.70

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

28.63

26.70

23.66

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

17.52

17.71

14.18

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.72

0.73

0.80

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

1.14

1.12

1.51

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

0.84

0.77

0.65

 

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2013

31.03.2014

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

468.700

468.700

468.700

Reserves & Surplus

113.053

863.551

1563.582

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

0.000

0.000

0.000

Net worth

581.753

1332.251

2032.282

 

 

 

 

long-term borrowings

587.244

723.506

1394.984

Short term borrowings

293.834

763.165

920.976

Total borrowings

881.078

1486.671

2315.960

Debt/Equity ratio

1.515

1.116

1.140

 

 

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

3374.520

5369.341

7359.843

 

 

59.114

37.072

 

 

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

3374.520

5369.341

7359.843

Profit

394.978

750.497

1071.445

 

11.70%

13.98%

14.56%

 

 

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

No

18

Major suppliers

No

19

Major customers

No

20

Banking Details

Yes

21

Banking facility details

Yes

22

Conduct of the banking account

--

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

Yes

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last three years

Yes

30

Major shareholders, if available

Yes

31

External Agency Rating, if available

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

 

 

OPERATION:

 

The production facilities of the company are operating with high capacity utilization and business is steadily growing. Several new products have been manufactured successfully meeting desired quality standards. Company is continuing to make necessary capital investments at the Tuni factory site so as to further grow the business.

 

During the year, the Company has acquired a manufacturing unit at Ankleshwar, Gujarat on slump sale basis from Bayer CropScience Limited.

 

During the current financial year, the company has produced 6,961 MT of products as compared to 6,704 MT during the previous financial year.

 

There is no change in the nature of the business during the year.

 

UNSECURED LOAN

(Rs. In Million)

Particulars

As on

31.03.2015

As on

31.03.2014

LONG TERM BORROWING

 

 

Loans repayable on demand

517.211

399.005

Total

517.211

399.005

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10576311

11/06/2015

330,000,000.00

BANK OF BAHRAIN AND KUWAIT BSC

6-3-550, L B BHAWAN, AKASHGANGA, SOMAJIGUDA, HYDE
RABAD, HYDERABAD, TELANGANA - 500082, INDIA

C57129306

2

10582257

15/12/2014

32,000,000.00

FEDERAL BANK

MARUTHI PLAZA 6-2-981, BESIDE SHADAN COLLEGE, KHA
IRATABAD, HYDERABAD, TELANGANA - 500004, INDIA

C59957357

3

10535622

21/11/2014 *

150,000,000.00

KOTAK MAHINDRA BANK LIMITED

27BKC, C 27, G BLOCK, BANDRA KURLA COMPLEX, BANDR
A (E),, MUMBAI, MAHARASHTRA - 400051, INDIA

C36852085

4

10505135

20/03/2015 *

2,726,300,000.00

CANARA BANK

54-10-10-1/6,, OVERSEAS BANK BRANCH, RESAPUVANIPA
LEM,, VISHAKAPATNAM, ANDHRA PRADESH - 530020, INDI
A

C54252879

5

10175735

13/06/2014 *

2,927,100,000.00

CANARA BANK

54-10-10-1/6,, OVERSEAS BANK BRANCH, RESAPUVANIPA
LEM,, VISAKHAPATNAM, ANDHRA PRADESH - 530020, INDI
A

C21953088

* Date of charge modification

 

FIXED ASSETS

 

Tangible assets

 

 

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 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.66.42

UK Pound

1

Rs.99.17

Euro

1

Rs.72.14

 

 

INFORMATION DETAILS

 

Information Gathered by :

KAM

 

 

Analysis Done by :

TRI

 

 

Report Prepared by :

KVT

 

 

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

--PROFITABILITY

1~10

6

--LIQUIDITY

1~10

6

--LEVERAGE

1~10

6

--RESERVES

1~10

6

--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

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

52

 

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.