MIRA INFORM REPORT
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Report No. : |
303684 |
|
Report Date : |
17.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
HMA AGRO INDUSTRIES LIMITED |
|
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Registered
Office : |
2/220, 2nd Floor, Glory Plaza, Opposite Sur Sadan, M.G Road, Agra – 282002, Uttar Pradesh |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
09.04.2008 |
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Com. Reg. No.: |
20-034977 |
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Capital
Investment / Paid-up Capital : |
Rs. 37.265 Millions |
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|
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CIN No.: [Company Identification
No.] |
U01403UP2008PLC034977 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCH0450J |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturing, Slauthering,
Processing and Rendering of Meat and Meat Products, bone, tallow Products,
Poultry Products, Food offal’s, raw hides, MBM, Dung of big and small buffalo
sheep and goat. |
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|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 507000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. As per Registrar of Companies, the date of balance sheet i.e.
financial filed is shown as 31.03.2014 but the documents related to the
financials for the year 2014 are not available from any sources. As per available financial of 2013, profitability of the company seems
to be low. However, trade relations are fair. Business is active. Payment terms
are reported to be slow but correct. The company can be considered for business dealings with some
caution. |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating = BB+ |
|
Rating Explanation |
Have moderate risk of default |
|
Date |
December 16, 2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating = A4+ |
|
Rating Explanation |
Have minimal degree of safety and carry very
high credit risk. |
|
Date |
December 16, 2014 |
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
31-03-2014.
INFORMATION DECLINED BY
|
Name : |
Mr. Anil Israni |
|
Designation : |
Chartered Accountant |
|
Contact No.: |
91-9897433169 |
|
Date : |
15.01.2015 |
LOCATIONS
|
Registered Office : |
2/220, 2nd Floor, Glory Plaza, Opposite Sur Sadan, M.G Road, Agra – 282002, Uttar Pradesh, India |
|
Tel. No.: |
91-562-4000188/ 2523230 |
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Mobile No.: |
91-9897433169 [Mr. Anil Israni] |
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Fax No.: |
91-562-2523230 |
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E-Mail : |
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|
Website : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Gulzar Ahmad |
|
Designation : |
Managing director |
|
Address : |
18/14-A, Malkon Gali,
Taj Ganj, Agra – 282001,
Uttar Pradesh, India |
|
Date of Birth/Age : |
15.07.1966 |
|
Qualification : |
Graduate |
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Date of Appointment : |
01.04.2009 |
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PAN No.: |
ADFPA7361N |
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DIN No.: |
01312305 |
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Name : |
Mr. Zulfiqar Ahmed Qureshi |
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Designation : |
Whole-time director |
|
Address : |
18/129-A, Malkon Gali,
Near Mitan Nazeer Park, Taj Ganj, Agra – 282001, Uttar
Pradesh, India |
|
Date of Birth/Age : |
10.06.1972 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.04.2009 |
|
PAN No.: |
AAAPQ2317E |
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DIN No.: |
01312224 |
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|
|
|
Name : |
Mr. Mohd Ashraf Qureshi |
|
Designation : |
Whole-time director |
|
Address : |
18/129-A, Malkon Gali,
Taj Ganj, Agra – 282001,
Uttar Pradesh, India |
|
Date of Birth/Age : |
12.03.1973 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.04.2009 |
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PAN No.: |
AABPQ1133F |
|
DIN No.: |
01312326 |
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|
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|
Name : |
Mr. Wajid Ahmad |
|
Designation : |
Director |
|
Address : |
18/129-A Malkon Gali,
Taj Ganj, Agra – 282001,
Uttar Pradesh, India |
|
Date of Birth/Age : |
04.08.1983 |
|
Date of Appointment : |
01.04.2013 |
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PAN No.: |
AEMPA6979C |
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DIN No. : |
01312261 |
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|
|
|
Name : |
Mr. Mohammad Kamil Qureshi |
|
Designation : |
Director |
|
Address : |
18/129 A, Malkon Gali,
Taj Ganj, Agra - 282001,
Uttar Pradesh, India |
|
Date of Birth/Age : |
14.08.1985 |
|
Date of Appointment : |
01.04.2013 |
|
PAN No.: |
AACPQ4798B |
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DIN No. : |
02827288 |
|
|
|
|
Name : |
Gulzeb Ahmed |
|
Designation : |
Additional director |
|
Address : |
18/14-A, Malkon Gali,
Taj Ganj, Agra – 282001,
Uttar Pradesh, India |
|
Date of Birth/Age : |
10.12.1988 |
|
Date of Appointment : |
01.07.2014 |
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DIN No. : |
06546660 |
KEY EXECUTIVES
|
Name : |
Mr. Anil Israni |
|
Designation : |
Chartered Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Zulfiquar Ahmed Qureshi |
399287 |
10.71 |
|
Mohd. Ashraf Qureshi |
582985 |
15.64 |
|
Mohd.Mehmood Qureshi |
558295 |
14.98 |
|
Wazid Ahmed |
597428 |
16.03 |
|
Mohd. Kamil Qureshi |
397355 |
10.66 |
|
Gulzar Ahmed |
635665 |
17.06 |
|
Parvez Alam |
555485 |
14.91 |
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|
|
|
|
Total |
3726500 |
100.00 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, Slauthering,
Processing and Rendering of Meat and Meat Products, bone, tallow Products,
Poultry Products, Food offal’s, raw hides, MBM, Dung of big and small buffalo
sheep and goat. |
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Products/ Services : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
· Canara Bank Overseas Branch, Sanjay Place, Agra - 282002, Uttar
Pradesh, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Manish Sahni and Associates Chartered Accountants |
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Address : |
C-162, Kedar Nagar,
Shahganj, Agra, Uttar Pradesh, India |
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Income-tax
PAN of auditor or auditor's firm : |
ASZPS3007N |
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Associates : |
· Gulzar Traders H.M.A Food Export Private Limited H.M.A Natural Food Private Limited HMA Trading Co. Agro HMA |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6,500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 65.000 Millions |
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|
|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,726,500 |
Equity Shares |
Rs. 10/- each |
Rs. 37.265 Millions |
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|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
37.265 |
37.265 |
35.137 |
|
(b) Reserves & Surplus |
140.313 |
56.936 |
9.287 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.150 |
6.435 |
|
Total
Shareholders’ Funds (1) + (2) |
177.578 |
94.351 |
50.859 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
64.847 |
133.880 |
168.981 |
|
(b) Deferred tax liabilities (Net) |
9.758 |
6.945 |
0.000 |
|
(c) Other long
term liabilities |
55.000 |
0.000 |
24.992 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
129.605 |
140.825 |
193.973 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
79.268 |
47.329 |
26.539 |
|
(b)
Trade payables |
1784.822 |
339.700 |
87.946 |
|
(c)
Other current liabilities |
17.026 |
11.179 |
0.575 |
|
(d) Short-term
provisions |
31.914 |
7.224 |
0.783 |
|
Total Current
Liabilities (4) |
1913.030 |
405.432 |
115.843 |
|
|
|
|
|
|
TOTAL |
2220.213 |
640.608 |
360.675 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible assets |
357.474 |
302.703 |
272.968 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
6.212 |
5.971 |
3.089 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
7.580 |
6.538 |
4.267 |
|
(e) Other
Non-current assets |
117.600 |
12.320 |
2.147 |
|
Total Non-Current
Assets |
488.866 |
327.532 |
282.471 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
226.437 |
117.854 |
41.087 |
|
(c)
Trade receivables |
1402.995 |
145.097 |
7.000 |
|
(d) Cash
and cash equivalents |
58.503 |
37.628 |
15.433 |
|
(e)
Short-term loans and advances |
43.412 |
12.497 |
14.684 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1731.347 |
313.076 |
78.204 |
|
|
|
|
|
|
TOTAL |
2220.213 |
640.608 |
360.675 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
11595.006 |
3588.454 |
11.115 |
|
|
|
Other Income |
227.066 |
7.772 |
50.798 |
|
|
|
TOTAL (A) |
11822.072 |
3596.226 |
61.913 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
10697.648 |
3313.494 |
49.654 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(104.568) |
(74.935) |
(41.087) |
|
|
|
Employees benefits expense |
210.292 |
79.694 |
22.475 |
|
|
|
Other expenses |
845.174 |
174.348 |
13.195 |
|
|
|
TOTAL (B) |
11648.546 |
3492.601 |
44.237 |
|
|
|
|
|
|
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|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
173.526 |
103.625 |
17.676 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
24.457 |
31.670 |
12.674 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
149.069 |
71.955 |
5.002 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
43.770 |
34.719 |
10.790 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX (E-F) (G) |
105.299 |
37.236 |
(5.788) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
21.922 |
11.243 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
83.377 |
25.993 |
(5.788) |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
22.37 |
6.98 |
(1.65) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.72 |
0.72 |
(52.07) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
1.50 |
2.89 |
159.03 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.76 |
5.87 |
(1.62) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.59 |
0.39 |
(0.11) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.81 |
1.92 |
3.84 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.91 |
0.77 |
0.68 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
35.137 |
37.265 |
37.265 |
|
Reserves & Surplus |
9.287 |
56.936 |
140.313 |
|
Share Application money pending allotment |
6.435 |
0.150 |
0.000 |
|
Net
worth |
50.859 |
94.351 |
177.578 |
|
|
|
|
|
|
Long-term borrowings |
168.981 |
133.880 |
64.847 |
|
Short term borrowings |
26.539 |
47.329 |
79.268 |
|
Total
borrowings |
195.520 |
181.209 |
144.115 |
|
Debt/Equity ratio |
3.844 |
1.921 |
0.812 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
11.115 |
3588.454 |
11595.006 |
|
|
|
32,184.786 |
223.120 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
11.115 |
3588.454 |
11595.006 |
|
Profit/ (Loss) |
(5.788) |
25.993 |
83.377 |
|
|
(52.07%) |
0.72% |
0.72% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming financial
year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10184833 |
31/05/2013 * |
464,000,000.00 |
CANARA BANK |
OVERSEAS BRANCH, SANJAY PLACE, AGRA, UTTAR PRADESH - 282002, INDIA |
B80389455 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2013 (Rs. In Millions) |
31.03.2012 (Rs. In Millions) |
|
SHORT TERM BORROWINGS |
|
|
|
Working capital loans from banks |
79.268 |
47.329 |
|
|
|
|
|
Total |
79.268 |
47.329 |
COMPANY OVERVIEW
Subject was Incorporated 19th April 2008. The Company is
engaged in the Manufacture, Slauthering, Processing
& rendering of meat & meat Products, bone, tallow Products, Poultry
Products, Food offal’s, raw hides, MBM, Dung of big and small buffalo sheep
& goat and to manufacture, Prepare, Preserve, can refine, bottle, buy, sell
& deal whether as wholesalers or retailers or as exporters or importers or
as principal or agents in all kinds of live stocks products.
FIXED ASSETS:
· Land
Buildings
Plant
and equipment
Other
plant and equipment
Vehicles
Motor
vehicles
Office
equipment
Other
equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for
violating money-laundering, anti-corruption or bribery or international
economic or anti-terrorism sanction laws or whose assets were seized, blocked,
frozen or ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No 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. 61.89 |
|
|
1 |
Rs. 93.92 |
|
Euro |
1 |
Rs. 72.01 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.