MIRA INFORM REPORT
|
Report No. : |
356169 |
|
Report Date : |
21.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
MAHAKALI FOODS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
48, Bengali Colony, Kanadiay Road, Indore – 452001, Madhya Pradesh |
|
Tel. No.: |
91-731-2591801 / 2591486 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
04.03.2002 |
|
|
|
|
Com. Reg. No.: |
10-015006 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.23.061 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15499MP2002PTC015006 |
|
|
|
|
IEC No.: |
1106003772 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
|
PAN No.: [Permanent Account No.] |
AAECM8305P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Wholesaler/Distributer, Supplier and Exporter of Soya
related products (Registered Activity) |
|
|
|
|
No. of Employees
: |
60 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established in the year 2002 and it is engaged in the
processing, exporting and suppling soya products, including unrefined soya oil,
edible and non-edible de-oiled cakes, and value-added soya products such as
soya nuggets, granules, and flour, and full-fat grit. For the financial year ended 2014, company has report marginal growth
of 3.68% in its revenue profile but it has failed to maintained profit
margins at reported low margins at 0.51% during the year under a review. Ratings reflect company’s growing scale of operation supported by its
average financial profile along with modest net worth base and moderate debt
coverage indictors. Rating strength is partially offset by susceptibility of its operating
margin to volatility in soya bean prices and so intense competition in the
soya industry. Trade relations are reported as fair. Payment terms are reported to be
slow but correct. The company can be considered for business dealing at usual trade
terms and condition. Note: Management of the company has not filed its financial with
government department for the year 2015 and same are not available from any
sources. |
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 |
Moderate degree of safety and moderate credit risk |
|
Date |
30.07.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk |
|
Date |
30.07.2015 |
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Anshul Jain |
|
Designation : |
Export Manager |
|
Contact No.: |
91-9826231432 |
LOCATIONS
|
Registered / Head Office : |
48, Bengali Colony, Kanadiay Road, Indore – 452001, Madhya Pradesh,
India |
|
Tel. No.: |
91-731-2591801 / 2591486 |
|
Mobile No.: |
91-9826231432 (Mr. Anshul Jain) |
|
Fax No.: |
91-731-2594648 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory Office : |
Flat - 34-A and B-35-B,
Industrial Area I, Behind V.P Industry, Dewas – 455001, Madhya Pradesh, India |
DIRECTORS
As on 31.03.2015
|
Name : |
Mr. Paritosh Saha |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
48, Bengali Colony Kanadiya Road, Indore – 452016, Madhya Pradesh,
India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.06.1956 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
04.03.2002 |
|||||||||||||||||||||||||||
|
PAN No.: |
AEOPS2247H |
|||||||||||||||||||||||||||
|
DIN No.: |
00020487 |
|||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Pankaj Saha |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
48, Bengali Colony Kanadiya Road, Indore – 452016, Madhya Pradesh,
India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
24.11.1963 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
04.03.2002 |
|||||||||||||||||||||||||||
|
PAN No.: |
AEOPS2248J |
|||||||||||||||||||||||||||
|
DIN No.: |
00031545 |
|||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Anshul Jain |
|
Designation : |
Export Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.09.2014
|
Name of Shareholders |
No. of Shares |
%age holding |
|
Paritosh
Saha |
916075 |
0.04 |
|
Sunita
Saha |
69550 |
4.64 |
|
Pankaj
Saha |
1095700 |
45.37 |
|
Sheela
Saha |
88550 |
3.67 |
|
Pankaj
Saha (HUF) |
30520 |
1.26 |
|
Paritosh
Saha (HUF) |
30015 |
1.24 |
|
Pushpita
Saha |
52551 |
2.18 |
|
Priyanka
Saha |
54875 |
2.27 |
|
Rimi
Saha |
30875 |
1.28 |
|
Pranab
Saha |
11750 |
0.49 |
|
Prabir Saha |
34375 |
2.29 |
|
Total |
2,414,836 |
100.00 |
List of Allottees:
As on 14.10.2014
|
Name of Allottees |
No. of Shares |
|
Paritosh
Saha |
150927 |
|
Pankaj
Saha |
150927 |
|
Total |
301854 |
Equity Share Break up (Percentage of Total Equity)
As on 26.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Wholesaler/Distributer, Supplier and Exporter of Soya
related products (Registered Activity) |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
Sri Lanka, Korea, China, UAE, Malaysia |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
Credit |
|
|
|
|
Purchasing : |
Credit |
|
|
|
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
Retailers and End User
|
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|
|
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No. of Employees : |
60 (Approximately) |
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Bankers : |
|
|||||||||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Mohitlal Jain and Associates Chartered Accountants |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Divulged |
|
|
|
|
Group Companies: |
|
CAPITAL STRUCTURE
After:14.10.2014
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 |
|
|
|
|
|
|
2716690 |
Equity Shares |
Rs.10/- each |
Rs.27.167
Million |
|
|
|
|
|
As on 31.03.2014
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 |
|
|
|
|
|
|
2306086 |
Equity Shares |
Rs.10/- each |
Rs.23.061
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 |
23.061 |
19.811 |
19.811 |
|
(b) Reserves & Surplus |
91.128 |
65.671 |
45.551 |
|
(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) |
114.189 |
85.482 |
65.362 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
125.780 |
62.122 |
54.621 |
|
(b) Deferred tax liabilities
(Net) |
7.162 |
5.422 |
6.084 |
|
(c) Other long term
liabilities |
12.847 |
3.721 |
12.957 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
145.789 |
71.265 |
73.662 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
193.029 |
139.048 |
99.493 |
|
(b) Trade payables |
226.409 |
124.429 |
81.617 |
|
(c) Other current liabilities |
39.675 |
31.943 |
55.284 |
|
(d) Short-term provisions |
0.616 |
2.527 |
2.780 |
|
Total
Current Liabilities (4) |
459.729 |
297.947 |
239.174 |
|
|
|
|
|
|
TOTAL |
719.707 |
454.694 |
378.198 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
218.875 |
99.024 |
109.988 |
|
(ii) Intangible Assets |
0.311 |
0.224 |
0.352 |
|
(iii) Capital work-in-progress |
0.475 |
14.232 |
9.584 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.114 |
0.114 |
0.114 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
6.306 |
4.745 |
3.163 |
|
(e) Other Non-current assets |
0.402 |
0.267 |
0.601 |
|
Total
Non-Current Assets |
226.483 |
118.606 |
123.802 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
195.637 |
118.437 |
97.395 |
|
(c) Trade receivables |
180.578 |
122.270 |
115.921 |
|
(d) Cash and cash equivalents |
34.464 |
18.020 |
3.933 |
|
(e) Short-term loans and
advances |
82.434 |
77.043 |
37.049 |
|
(f) Other current assets |
0.111 |
0.318 |
0.098 |
|
Total
Current Assets |
493.224 |
336.088 |
254.396 |
|
|
|
|
|
|
TOTAL |
719.707 |
454.694 |
378.198 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
SALES
AND OTHER INCOME (A) |
3257.360 |
3141.525 |
2078.349 |
|
|
|
|
|
|
|
Less |
EXPENSES
(B) |
3181.598 |
3075.930 |
2018.941 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
75.762 |
65.595 |
59.408 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
35.033 |
27.436 |
23.771 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
40.729 |
38.159 |
35.637 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
15.112 |
14.208 |
12.618 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
25.617 |
23.951 |
23.019 |
|
|
|
|
|
|
|
Less |
TAX (H) |
8.910 |
6.331 |
7.867 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
16.707 |
17.620 |
15.152 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT
FORWARD (K) |
48.529 |
30.909 |
15.757 |
|
|
|
|
|
|
|
|
BALANCE CARRIED TO THE B/S |
65.236 |
48.529 |
30.909 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
406.654 |
656.055 |
299.584 |
|
|
|
|
|
|
|
|
EARNINGS
/ (LOSS) PER SHARE (RS.) |
11.14 |
11.75 |
10.11 |
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 |
94.523 |
58.850 |
35.158 |
|
Net cash flow from operating activity |
87.353 |
51.858 |
36.647 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin |
(%) |
0.51 |
0.56 |
0.73 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
2.33 |
2.09 |
2.86 |
|
|
|
|
|
|
|
Return on Total Assets
(PBT/Total Assets} |
(%) |
3.56 |
5.44 |
6.25 |
|
|
|
|
|
|
|
Return on Investment (ROI)
(PBT/Networth) |
|
0.22 |
0.28 |
0.35 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt
/Networth) |
|
2.79 |
2.35 |
2.36 |
|
|
|
|
|
|
|
Current Ratio (Current
Asset/Current Liability) |
|
1.07 |
1.13 |
1.06 |
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 |
19.811 |
19.811 |
23.061 |
|
Reserves & Surplus |
45.551 |
65.671 |
91.128 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
65.362 |
85.482 |
114.189 |
|
|
|
|
|
|
Long-term borrowings |
54.621 |
62.122 |
125.780 |
|
Short term borrowings |
99.493 |
139.048 |
193.029 |
|
Total
borrowings |
154.114 |
201.170 |
318.809 |
|
Debt/Equity
ratio |
2.358 |
2.353 |
2.792 |
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 |
2078.349 |
3141.525 |
3257.360 |
|
|
|
51.155 |
3.687 |
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 |
2078.349 |
3141.525 |
3257.360 |
|
Profit / (Loss) |
15.152 |
17.620 |
16.707 |
|
|
0.73% |
0.56% |
0.51% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of concern |
No |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
(Rs.
in Million) |
(Rs.
in Million) |
|
|
Long-term Borrowings |
|
|
|
Borrowings (Member)- |
|
|
|
Incorporate Borrowings |
14.748 |
14.905 |
|
Loans and Advances from Related Parties |
38.625 |
34.746 |
|
|
|
|
|
Short-term borrowings |
|
|
|
Borrowings (Member)- |
|
|
|
Loans repayable on demand |
1.526 |
0.000 |
|
Total |
54.899 |
49.651 |
INDEX
OF CHARGES
|
S.No. |
Charge
ID |
Date
of Charge Creation/Modification |
Charge
amount secured |
Charge
Holder |
Address |
Service
Request Number (SRN) |
|
1 |
10571009 |
27-03-15 |
1,000,000.00 |
ICICI
Bank Limited |
4,
A.B. Road, infront of Hotel Shrimaya, Choti Khajrani, Malav Parisar, Indore,
Madhya Pradesh - 452010, INDIA |
C54421524 |
|
|
|
|
|
|
|
|
|
2 |
10539705 |
05-12-14 |
25,000,000.00 |
Bank
of India |
Saket
Nagar Branch, 202, Saket Nagar, Indore, Madhya Pradesh - 452016, INDIA |
C38678868 |
|
|
|
|
|
|
|
|
|
3 |
10148280 |
19-05-08 |
7,500,000.00 |
BANK
OF INDIA |
KHAJRANA
BRANCH, INDORE, Madhya Pradesh - 452016,INDIA |
A41558321 |
|
|
|
|
|
|
|
|
|
4 |
10117031 |
18/03/2015
* |
370,900,000.00 |
Bank
of India |
Saket
Nagar Branch, 202, Saket Nagar, Indore, Madhya Pradesh - 452016, INDIA |
C50287978 |
|
|
|
|
|
|
|
|
|
5 |
10021236 |
26-08-06 |
200,000.00 |
BANK
OF INDIA |
KHAJRANA
BRANCH, INDORE, Madhya Pradesh - 452016,INDIA |
A05266150 |
|
|
|
|
|
|
|
|
|
6 |
90209489 |
25-02-04 |
1,000,000.00 |
BANK
OF INDIA |
KHAJARANA
BRANCH, 202; SAKET, INDORE, Madhya Pradesh, INDIA |
- |
|
|
|
|
|
|
|
|
|
7 |
90201889 |
14-11-02 |
8,500,000.00 |
BANK
OF INDIA |
KHAJARANA
BRANCH, 202; SAKET, INDORE, Madhya Pradesh, INDIA |
- |
|
|
|
|
|
|
|
|
|
8 |
90209112 |
14/11/2002
* |
6,500,000.00 |
BANK
OF INDIA |
KHAJARANA
BRANCH, 202; SAKET, INDORE, Madhya Pradesh, INDIA |
- |
OPERATION
The turnover, during the year, was Rs.3257.360
Million compared with Rs.3141.525 Million in 2012-13, higher by 3.56% compared
with 2012-13.
The Company earned after tax total income of
Rs.16.707 Million as against Rs.17.620 Million income during the previous year,
a decline of 5.47%.
FUTURE OUTLOOK
The future looks promising for the Soya processing industry. A number of
exciting developments are in the offering, Research and Development efforts are
pursued relentlessly to place India on the world map of Soya DOC Processing
Industry. The industry is keeping pace with India’s March towards
modernization, automation and computerization. This will help the industry to
develop the capability of international.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or investigation
registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.42 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.72.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
VLS |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.