MIRA INFORM REPORT
|
Report No. : |
304697 |
|
Report Date : |
27.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
ALLANASONS PRIVATE LIMITED (w.e.f. 29.10.2014) |
|
|
|
|
Formerly Known
As : |
ALLANASONS LIMITED |
|
|
|
|
Registered
Office : |
Allana House, 4, Allana Road, Colaba, Mumbai – 400001, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
01.02.1973 |
|
|
|
|
Com. Reg. No.: |
11-016285 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 19.099 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51990MH1973PLC016285 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AAACA4533D |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Exporter of Processed Food Products and Agro
Commodities. |
|
|
|
|
No. of Employees
: |
Management declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (59) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavorable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having fine track record. Financial position of the company is strong and healthy. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be regular and as per commitments. The company can be considered normal 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 – 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Short term Bank facilities : A1+ |
|
Rating Explanation |
Have very strong degree of safety and carry
lowest credit risk. |
|
Date |
January 13, 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
31-03-2014.
INFORMATION DENIED
MANAGEMENT NON CO-OPERATIVE (91-22-22811000)
LOCATIONS
|
Registered Office : |
Allana House, 4, Allana Road, Colaba, Mumbai – 400001, Maharashtra,
India |
|
Tel. No.: |
91-22-22811000/22874455 |
|
Fax No.: |
91-22-22044821/22047002 |
|
E-Mail : |
allanasons@allana.com
|
|
Website : |
|
|
|
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|
Corporate Office : |
Allana Centre, A. R. J. Allana Marg, 113 / 115 M.G Road, Fort, Mumbai -
400001, Maharashtra, India |
|
Tel. No.: |
91-22-22628000/ 66569000 |
|
Fax No.: |
91-22-22695700/ 22695701 |
|
E-Mail : |
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|
Branch Offices : |
Located at: ·
Bangalore ·
New Delhi ·
Hyderabad ·
Kochi ·
Mangalore ·
Hassan ·
Aurangabad ·
Zaheerabad ·
Unnao ·
Vashi ·
Taloja ·
Sahidabad ·
Agra ·
Veraval ·
Dwarka ·
Kalwa ·
New Mumbai ·
Mourigram |
DIRECTORS
As on: 09.10.2014
|
Name : |
Mr. Rajesh Haridas Asher |
|
Designation : |
Managing Director |
|
Address : |
Bungalow No. 25B, Vrrindavan, Sindhi Society, Bhakti Bhavan Road,
Chembur, Mumbai – 400071, Maharashtra, India |
|
Date of Birth/Age : |
24.01.1957 |
|
Date of Appointment : |
01.03.2014 |
|
DIN No.: |
01903340 |
|
|
|
|
Name : |
Mr. Rashid Sohrab Kadimi |
|
Designation : |
Director appointed in casual vacancy |
|
Address : |
4C-14, Versova View, 4 Bunglow Road, Andheri (West), Mumbai – 400053,
Maharashtra, India |
|
Date of Birth/Age : |
17.07.1948 |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
09.05.2011 |
|
DIN No.: |
00212790 |
|
|
|
|
Name : |
Mr. Shaikh Khalil Shakil |
|
Designation : |
Additional director |
|
Address : |
Flat No. C-110, 1st Floor, Liberty Comp, Vashi, Navi Mumbai
– 400705, Maharashtra, India |
|
Date of Birth/Age : |
19.08.1969 |
|
Date of Appointment : |
01.09.2012 |
|
DIN No.: |
01205080 |
|
|
|
|
Name : |
Mr. Fauzan Mustafa Alavi |
|
Designation : |
Additional director |
|
Address : |
603-Carlton Court, Perry Cross Road, Bandra (West), Mumbai – 400050, Maharashtra,
India |
|
Date of Birth/Age : |
16.12.1969 |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
14.06.2011 |
|
DIN No.: |
03552053 |
|
|
|
|
Name : |
Mr. Nagaraja Keshavamurthy Agrahara |
|
Designation : |
Additional director |
|
Address : |
OPG Housing, Limited, Flat 17A, Plot No.1, Sector-2, Sanpada, Navi
Mumbai – 400705, Maharashtra,India |
|
Date of Birth/Age : |
02.09.1959 |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
18.10.2012 |
|
DIN No.: |
06401578 |
|
|
|
|
Name : |
Mr. Parag Pandurang Page |
|
Designation : |
Director appointed in casual vacancy |
|
Address : |
Girnar R/601, Gokhale Road, Mulund (East), Mumbai - 400081,
Maharashtra, India |
|
Date of Birth/Age : |
26.06.1969 |
|
Date of Appointment : |
12.06.2013 |
|
DIN No.: |
06600972 |
KEY EXECUTIVES
|
Name : |
Mr. Anvar |
|
Designation : |
General Manager in Finance |
|
|
|
|
Name : |
Mr. Afzal Aziz Contractor |
|
Designation : |
Vice President - Marketing |
|
Qualification : |
B.Com |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 10.09.2014
|
Names of Shareholders |
No. of Shares |
|
Phoenicia Shipping Company Limited, India |
159628 |
|
Allana Investments and Trading Company Limited, India |
31355 |
|
Soeb Nooruddin Bhatri holding as a Nominee for Allana Investments and
Trading Company Limited, India |
1 |
|
Anwar Yasin Chauhan holding as a Nominee for Allana Investments and
Trading Company Limited, India |
1 |
|
Mulky Krishna Haridas holding as a Nominee for Allana Investments and
Trading Company Limited, India |
1 |
|
Rashid Sohrab Kadimi holding jointly with Iqbal Abdulgani Soorya as a
nominee for Allana Investments and Trading Company Limited, India |
1 |
|
Iqbal Abdulgani Soorya holding jointly with Rashid Sohrab Kadimi as a
nominee for Allana Investments and Trading Company Limited, India |
1 |
|
|
|
|
Total |
190988 |
Equity Share Break up (Percentage of Total Equity)
As on: 10.09.2014
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Exporter of Processed Food Products and Agro
Commodities |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
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|
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Exports : |
Not Divulged |
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|
|
|
Imports : |
Not Divulged |
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|
|
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Management declined by the management |
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Bankers : |
· Vijaya Bank, Overseas Branch, Nariman Point, Mumbai – 400021, Maharashtra, India · Union Bank of India, Mumbai Samachar Marg Branch, 66/80 Mumbai Samachar Marg, Mumbai – 400023, Maharashtra, India |
|||||||||||||||
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Facilities : |
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Auditors : |
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|
Name : |
Rajendra and Company Chartered Accountants |
|
Address : |
1311, Dalamal Tower, 211 Nariman Point, Mumbai,
Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFB6405G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
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|
Holding Company : |
Phoenicia Shipping Company Limited [U35110MH1976PLC019187] |
|
|
|
|
Subsidiary Company : |
Allana Pharmachem Limited [U65990MH1984PLC032824] |
|
|
|
|
Associate Company : |
·
Indagro Foods Limited [U15100MH1992PLC068160] ·
Alagro Trading Limited [U51900MH1984PLC033754] ·
Allana Cold Storage Limited
[U63020MH1973PLC016807] |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200,000 |
Equity Shares |
Rs. 100/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
190,988 |
Equity Shares |
Rs. 100/- each |
Rs. 19.099
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
19.099 |
19.099 |
19.600 |
|
(b) Reserves & Surplus |
4237.246 |
3134.307 |
2491.684 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
4256.345 |
3153.406 |
2511.284 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
(1.481) |
3.640 |
3.150 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
16.976 |
16.989 |
358.431 |
|
Total
Non-current Liabilities (3) |
15.495 |
20.629 |
361.581 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
1250.000 |
500.000 |
550.000 |
|
(b)
Trade payables |
16826.195 |
13647.532 |
12556.985 |
|
(c)
Other current liabilities |
102.141 |
33.517 |
175.582 |
|
(d)
Short-term provisions |
37.768 |
25.310 |
121.033 |
|
Total
Current Liabilities (4) |
18216.104 |
14206.359 |
13403.600 |
|
|
|
|
|
|
TOTAL |
22487.944 |
17380.394 |
16276.465 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
275.222 |
226.473 |
197.812 |
|
(ii)
Intangible Assets |
25.470 |
30.409 |
31.422 |
|
(iii)
Capital work-in-progress |
2.002 |
11.268 |
25.979 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
817.034 |
817.034 |
817.034 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
54.063 |
15.611 |
15.042 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
1173.791 |
1100.795 |
1087.289 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
6942.671 |
5791.436 |
5552.993 |
|
(c)
Trade receivables |
10023.781 |
5694.929 |
5473.734 |
|
(d)
Cash and cash equivalents |
3472.605 |
4094.636 |
3193.290 |
|
(e)
Short-term loans and advances |
455.204 |
279.182 |
366.785 |
|
(f)
Other current assets |
419.892 |
419.416 |
602.374 |
|
Total
Current Assets |
21314.153 |
16279.599 |
15189.176 |
|
|
|
|
|
|
TOTAL |
22487.944 |
17380.394 |
16276.465 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
104781.679 |
77549.800 |
59402.282 |
|
|
|
Other Income |
3.296 |
9.509 |
3.052 |
|
|
|
TOTAL |
104784.975 |
77559.309 |
59405.334 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
2168.649 |
1936.222 |
1455.629 |
|
|
|
Purchases of Stock-in-Trade |
93916.214 |
68570.652 |
52929.657 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(1296.087) |
(51.492) |
(312.711) |
|
|
|
Employees benefits expense |
228.316 |
187.423 |
129.426 |
|
|
|
Other expenses |
7302.217 |
5543.323 |
4328.038 |
|
|
|
TOTAL |
102319.309 |
76186.128 |
58530.039 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
2465.666 |
1373.181 |
875.295 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
2465.666 |
1373.181 |
875.295 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
47.098 |
44.921 |
35.947 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
2418.568 |
1328.260 |
839.348 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
826.281 |
448.129 |
287.360 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1592.287 |
880.131 |
551.988 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
2787.666 |
2233.558 |
1964.565 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
Capital Transfer |
0.000 |
0.501 |
0.000 |
|
|
|
Transfer to General Reserve |
159.229 |
88.013 |
55.199 |
|
|
|
Dividend |
418.263 |
204.357 |
196.000 |
|
|
|
Tax on Dividend |
71.084 |
33.152 |
31.796 |
|
|
|
Total |
648.576 |
326.023 |
282.995 |
|
|
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
3731.377 |
2787.666 |
2233.558 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
98882.400 |
72314.300 |
54581.500 |
|
|
|
|
|
|
|
|
|
CIF VALUE OF
IMPORTS |
275.800 |
283.300 |
85.500 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8337.11 |
4580.81 |
2816.27 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.52 |
1.13 |
0.93 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
2.35 |
1.77 |
1.47 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.16 |
8.02 |
5.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.57 |
0.42 |
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.29 |
0.16 |
0.22 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.17 |
1.15 |
1.13 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
19.600 |
19.099 |
19.099 |
|
Reserves & Surplus |
2491.684 |
3134.307 |
4237.246 |
|
Net worth |
2511.284 |
3153.406 |
4256.345 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
550.000 |
500.000 |
1250.000 |
|
Total borrowings |
550.000 |
500.000 |
1250.000 |
|
Debt/Equity ratio |
0.219 |
0.159 |
0.294 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
59402.282 |
77549.800 |
104781.679 |
|
|
|
30.550 |
35.115 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
59402.282 |
77549.800 |
104781.679 |
|
Profit |
551.988 |
880.131 |
1592.287 |
|
|
0.93% |
1.13% |
1.52% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS: NOT AVAILABLE
|
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 |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
Yes |
|
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 |
REVIEW OF OPERATIONS:
During the year the Company achieved a turnover of Rs.104781.700 Millions as compared to Rs. 7 7549.700 Millions in the previous year, showing a growth of 35%. The profit after tax for the current year is Rs. 1592.200 Millions Compared to Rs. 880.100 Millions for the previous year.
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge Amount Secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10362020 |
19/06/2012 |
2,400,000,000.00 |
UNION BANK OF INDIA |
MUMBAI SAMACHAR MARG BRANCH, 66/80 MUMBAI SAMACHAR MARG, MUMBAI - 400023, MAHARASHTRA, INDIA |
B42190124 |
|
2 |
10341799 |
14/03/2012 |
1,600,000,000.00 |
VIJAYA BANK |
OVERSEAS BRANCH, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
B34868836 |
FIXED ASSETS:
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.50 |
|
|
1 |
Rs.92.16 |
|
Euro |
1 |
Rs.69.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUM |
|
|
|
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
59 |
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.