MIRA INFORM REPORT
|
Report No. : |
302036 |
|
Report Date : |
27.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
FOOD AND BIOTECH ENGINEERS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.41, Flat No.C-2, Second Floor, Tajpur Road, Molarband
Extension, Near Cosmos School, (Badarpur), New Delhi – 110044 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation
: |
15.09.1999 |
|
|
|
|
Com. Reg. No.: |
55-101572 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 14.064 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U7421DL1999PTC101572 |
|
|
|
|
IEC No.: |
0500062161 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RTKF00269D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACF4996P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of precisely engineered dairy product equipments. |
|
|
|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 290000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The management has failed to file its financial with government
department for the year 2014. As per available financial of 2013, the rating is constrained on
account of company’s moderate financial risk profile marked by thin
profitability margins and leverage capital structure of the company. However, trade relations are fair. Business is active. Payment 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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 PARTED BY
|
Name : |
Mr. Sanjeev Kumar |
|
Designation : |
General Manager |
|
Contact No.: |
91-9312069945 |
|
Date : |
05.01.2015 |
LOCATIONS
|
Registered Office : |
Plot No.41, Flat No.C-2, Second Floor, Tajpur Road, Molarband
Extension, Near Cosmos School, (Badarpur), New Delhi – 110044, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9312069945 (Mr. Sanjeev Kumar) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
5000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
Chaprola Road, Village Prithla, Tehsil Palwal, Faridabad - 121003,
Haryana, India |
|
Tel. No.: |
91-1275-262157/ 262158 / 249400 91-129-2510924/ 2510643/ 2510988/ 2256080 |
|
Fax No.: |
91-1275-262259 91-129-2510645/ 2510924 |
|
E-Mail : |
|
|
Area : |
7000 sq. ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Anil Kumar Sinha |
|
Designation : |
Director |
|
Address : |
H.No.282, Sector-37, Faridabad – 121003, Haryana, India |
|
Date of Birth/Age : |
02.01.1969 |
|
Date of Appointment : |
15.09.1999 |
|
DIN No.: |
00416955 |
|
|
|
|
Name : |
Mr. Rabindra Prasad Singh |
|
Designation : |
Director |
|
Address : |
H.No.282, Sector-37, Faridabad – 121003, Haryana, India |
|
Date of Birth/Age : |
15.11.1959 |
|
Date of Appointment : |
15.09.1999 |
|
DIN No.: |
00417026 |
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 |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74210DL1999PTC101572 |
FOOD AND BIOTECH
ENGINEERS (INDIA) PRIVATE LIMITED. |
Director |
15/09/1999 |
15/09/1999 |
Active |
NO |
|
2 |
L15419PB1976PLC003669 |
NARAYAN AGRO
FOODS LIMITED |
Director |
31/12/2005 |
31/12/2005 |
Active |
NO |
|
3 |
U52202BR2009PTC014743 |
AASMA FOODS AND
BEVERAGES PRIVATE LIMITED |
Director |
10/06/2011 |
10/06/2011 |
Active |
NO |
|
Name : |
Mr. Munendra Kumar Singh |
|
Designation : |
Director |
|
Address : |
H.No.282, Sector-37, Faridabad – 121003, Haryana, India |
|
Date of Birth/Age : |
01.07.1973 |
|
Date of Appointment : |
15.09.1999 |
|
DIN No.: |
00417008 |
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 |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74210DL1999PTC101572 |
FOOD AND BIOTECH
ENGINEERS (INDIA) PRIVATE LIMITED. |
Director |
15/09/1999 |
15/09/1999 |
Active |
NO |
|
2 |
U52202BR2009PTC014743 |
AASMA FOODS AND BEVERAGES
PRIVATE LIMITED |
Director |
10/06/2011 |
10/06/2011 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Ravi Shekhar |
|
Designation : |
Project Incharge |
|
|
|
|
Name : |
Mr. Sanjeev Kumar |
|
Designation : |
General Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
R.P. Singh |
761810 |
|
Muninder Kumar Singh |
26430 |
|
Anil Kumar Singh |
23855 |
|
B.P. Singh |
100 |
|
Alka Bharti |
24600 |
|
S.P. Singh |
100 |
|
D K Jain |
10000 |
|
Muniender Luthra |
5000 |
|
Krishna Murari |
15550 |
|
D. K. Dhawan |
22500 |
|
Kuldeep Singh |
15000 |
|
Gurmeet Kaur |
20000 |
|
Ram Kishan |
12000 |
|
Renu Pajan |
14000 |
|
Renuka Prasad |
100 |
|
Dinker Dealer Private Limited, India |
128000 |
|
Muneshwari Devi |
15000 |
|
Vikas Aggarwal |
100000 |
|
Deepika Aggarwal |
120000 |
AS ON 30.09.2013
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
62.67 |
|
Other top fifty shareholders |
37.33 |
|
TOTAL |
100.00 |
%20PRIVATE%20LIMITED%20-%20302036%2027-Jan-2015_files/image014.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of precisely engineered dairy product equipments. |
|
|
|
|
Products : |
Dairy Products |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Dairy Products |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash, L/C and Credit (30 days) |
|
|
|
|
Purchasing : |
Cash , L/C and Credit (30 days) |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
500 (Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
H. S. Baweja and Company Chartered Accountants |
|
Address : |
K. C. Compound, Opposite Sophia Market, Court Road, Saharanpur – 247554,
Uttar Pradesh, India |
|
Tel. No.: |
91-132-2728851 |
|
Mobile No.: |
91-9897448851 |
|
E-Mail : |
|
|
PAN No.: |
AZSPM5582A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Sister Concern : |
Ebapo Dry Manufacturing Company |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital : Rs. 20.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 14.315
Millions
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1406390 |
Equity Shares |
Rs.10/- each |
Rs. 14.064
Millions |
|
|
|
|
|
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 |
14.064 |
8.964 |
7.684 |
|
(b) Reserves & Surplus |
59.593 |
35.610 |
16.362 |
|
(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) |
73.657 |
44.574 |
24.046 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
141.662 |
81.370 |
81.654 |
|
(b) Deferred tax liabilities
(Net) |
0.516 |
0.688 |
0.732 |
|
(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) |
142.178 |
82.058 |
82.386 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
93.467 |
94.184 |
34.037 |
|
(b) Trade payables |
190.811 |
169.211 |
206.274 |
|
(c) Other current liabilities |
135.931 |
218.477 |
116.941 |
|
(d) Short-term provisions |
1.884 |
2.243 |
1.529 |
|
Total
Current Liabilities (4) |
422.093 |
484.115 |
358.781 |
|
|
|
|
|
|
TOTAL |
637.928 |
610.747 |
465.213 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
42.413 |
44.484 |
44.353 |
|
(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 |
0.820 |
0.820 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and
Advances |
13.055 |
8.956 |
4.637 |
|
(e) Other Non-current assets |
5.886 |
11.612 |
6.634 |
|
Total
Non-Current Assets |
62.174 |
65.872 |
55.624 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
337.099 |
328.858 |
229.824 |
|
(c) Trade receivables |
194.241 |
154.459 |
150.360 |
|
(d) Cash and cash equivalents |
7.239 |
2.749 |
1.139 |
|
(e) Short-term loans and
advances |
37.175 |
58.809 |
28.266 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
575.754 |
544.875 |
409.589 |
|
|
|
|
|
|
TOTAL |
637.928 |
610.747 |
465.213 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
555.571 |
518.052 |
392.436 |
|
|
Other Income |
6.106 |
4.330 |
0.572 |
|
|
TOTAL
(A) |
561.677 |
522.382 |
393.008 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Raw Material and Stores Consumed |
402.936 |
512.246 |
334.923 |
|
|
Purchases of Stock-in-Trade |
15.956 |
9.969 |
6.261 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(0.647) |
(1.825) |
(5.074) |
|
|
Changes in inventories of WIP/
Finished Goods |
20.173 |
(109.430) |
(34.570) |
|
|
Employees benefits expense |
23.141 |
20.990 |
18.749 |
|
|
Other expenses |
78.663 |
69.920 |
55.498 |
|
|
TOTAL
(B) |
540.222 |
501.870 |
375.787 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
21.455 |
20.512 |
17.221 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
11.051 |
8.629 |
7.494 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
10.404 |
11.883 |
9.727 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
4.918 |
4.832 |
4.981 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
5.486 |
7.051 |
4.746 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
1.903 |
2.523 |
1.497 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
3.583 |
4.528 |
3.249 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD (K) |
20.521 |
15.993 |
12.744 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S (J+K+L-M) |
24.104 |
20.521 |
15.993 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
6.12 |
7.87 |
6.18 |
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
600.000 |
|
|
|
|
|
|
Profit/Loss for the year |
|
|
|
|
|
|
|
|
|
Export Value |
|
|
|
|
|
|
|
|
|
Import Value |
|
|
|
Expected Sales (2014-15): Rs. 850.000 Millions
The above information has been parted by Mr. Sanjeev Kumar (General
Manager)
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Net Profit Margin PAT / Sales |
(%) |
0.64
|
0.87 |
0.83 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
3.86
|
3.96 |
4.39 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.86 |
1.16 |
1.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
|
|
|
|
0.07 |
0.16 |
0.20 |
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
|
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.19 |
3.94 |
4.81 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
7.684 |
8.964 |
14.064 |
|
Reserves & Surplus |
16.362 |
35.610 |
59.593 |
|
Net
worth |
24.046 |
44.574 |
73.657 |
|
|
|
|
|
|
long-term borrowings |
81.654 |
81.370 |
141.662 |
|
Short term borrowings |
34.037 |
94.184 |
93.467 |
|
Total
borrowings |
115.691 |
175.554 |
235.129 |
|
Debt/Equity
ratio |
4.811 |
3.938 |
3.192 |
%20PRIVATE%20LIMITED%20-%20302036%2027-Jan-2015_files/image016.gif)
YEAR ON YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
392.436 |
518.052 |
555.571 |
|
|
|
32.009 |
7.242 |
%20PRIVATE%20LIMITED%20-%20302036%2027-Jan-2015_files/image018.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR) |
(INR) |
(INR) |
|
Sales |
392.436 |
518.052 |
555.571 |
|
Profit |
3.249 |
4.528 |
3.583 |
|
|
0.83% |
0.87% |
0.64% |
%20PRIVATE%20LIMITED%20-%20302036%2027-Jan-2015_files/image020.gif)
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
|
Unsecured Loan |
Rs.
In Millions 31.03.2013 |
Rs.
In Millions 31.03.2012 |
|
Long Term
Borrowings |
|
|
|
From Directors
and Shareholders |
|
13.533 |
|
Anil Kumar Sinha |
0.218 |
|
|
D K Jain |
0.205 |
|
|
K K Milk Fresh India Private Limited |
60.000 |
|
|
M K Singh |
0.218 |
|
|
Pawan Kumar Kesarwani |
0.268 |
|
|
R P Singh |
2.720 |
|
|
Rakesh Kumr Saxena |
0.666 |
|
|
Retro Pujan |
1.102 |
|
|
Rishab Nath Tradex Private Limited |
2.471 |
|
|
Sourabh Sharma |
1.894 |
|
|
Vikas Aggarwal |
3.586 |
|
|
Deferred Creditors |
68.000 |
67.154 |
|
|
|
|
|
TOTAL |
141.348 |
80.687 |
%20PRIVATE%20LIMITED%20-%20302036%2027-Jan-2015_files/image009.gif){kind=small}
INDEX OF CHARGES
|
S. No |
Charge ID |
Date of Charge Creation /Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN |
|
1 |
10485903 |
21/02/2014 |
1,000,000.00 |
CANARA BANK |
TIKONA PARK, NIT, FARIDABAD, HARYANA -
121001, INDIA |
C00843813 |
|
2 |
10439402 |
20/06/2013 |
690,000.00 |
CANARA BANK |
D-2,TIKONA PARK, FARIDABAD, HARYANA -
121001, INDIA |
B80569957 |
|
3 |
10407855 |
08/01/2013 |
30,000,000.00 |
DENA BANK |
5/1, PURVAVALI, DEHRADUN ROAD, ROORKEE,
UTTARAKHAND - 247667, INDIA |
B69534428 |
|
4 |
10383882 |
07/09/2012 |
88,500,000.00 |
SENIOR MANAGER |
CANARA BANK, HAJIPUR, HAJIPUR, BIHAR -
844101, INDIA |
B61074894 |
|
5 |
10297859 |
18/04/2013 * |
140,000,000.00 |
CANARA BANK |
D-2,TIKONA PARK, FARIDABAD, HARYANA -
121001, INDIA |
B74725292 |
|
6 |
10297861 |
29/06/2011 |
60,000,000.00 |
CANARA BANK |
TIKONA PARK, N.I.T., FARIDABAD, HARYANA -
121001, |
B17090465 |
|
* Date of charge modification |
||||||
NOTE
The Registered office address of the company has been shifted from,
F-51, Vishwakarma Colony, Lal Kuan, M. B. Road, New Delhi-110044, India to the
present w.e.f.01.12.2011
PERSONAL
The company has
maintaining extremely good and cordial relationship with all those who worked
as a team. The Directors wish to express their appreciation to all for that for
their wholehearted contribution towards the steady progress of the company.
FIXED ASSETS
- Air Conditioner
- Building
- Electrical Fitting
- Furniture and Fixtures
- Lab Equipment
- Land
- Office Equipment
- Fire Safety Equipment
- Plant and Machinery
- Tools and Equipment
- Vehicles
- Crane
- Submersible Pump
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 records 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. 61.50 |
|
|
1 |
Rs. 92.16 |
|
Euro |
1 |
Rs. 69.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
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 |
|
30 |
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.