MIRA INFORM REPORT
|
Report No. : |
331486 |
|
Report Date : |
10.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
ORGANIC INDIA PRIVATE LIMITED (w.e.f. 02.11.2006) |
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|
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Formerly Known
As : |
IITC ORGANIC INDIA PRIVATE LIMITED (w.e.f.11.01.2002) INDO-ISRAEL TRADING CORPORATION PRIVATE
LIMITED (w.e.f.14.10.1998) INDO ISRAEL TRADING COMPANY PRIVATE LIMITED |
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Registered
Office : |
Plot No.266, Faizabad Road, Kamta, P. O. Chinhat, Lucknow – 227105,
Uttar Pradesh |
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Country : |
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|
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
17.02.1997 |
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Com. Reg. No.: |
20-021420 |
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Capital
Investment / Paid-up Capital : |
Rs.859.804 Million |
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CIN No.: [Company Identification
No.] |
U74130UP1997PTC021420 |
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IEC No.: |
0697001008 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACI5675E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacture and
Sale of Herbal Infusions, Ayurvedic Formulations and Agro Products. |
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No. of Employees
: |
265 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2700000 |
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|
Status : |
Satisfactory |
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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 satisfactory track record. The company possesses a moderate financial profile marked by
increasing networth profitability resulting into gradually wiping off a part of
its accumulated losses, leading to modest capital structure. Further, the company has maintained a sound liquidity profile owing to
zero gearing and favourable gap between trade receivable and payables. Management has witnessed a better increase in its sales volume as well
as net profitability during FY14. The company has successfully maintained the
business as well as liquidity profile by delivering a satisfactory
performance reporting significant improvement in profitability and wiping off
its accumulated losses. 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 its usual
trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Santosh Singh |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9956296679 |
|
Date : |
09.07.2015 |
LOCATIONS
|
Registered Office : |
Plot No.266, Faizabad Road, Kamta, P. O. Chinhat, Lucknow – 227105,
Uttar Pradesh, India |
|
Tel. No.: |
91-522-2701579 |
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Mobile No.: |
91-9956296679 (Mr. Santosh Singh) |
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Fax No.: |
91-522-2701395 |
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E-Mail : |
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Website : |
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Area : |
8400 Sq.ft. |
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Location : |
Rented |
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Branch Offices : |
Located at: · Rajasthan · Uttar Pradesh · Madhya Pradesh |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Yoav Lev |
|
Designation : |
Director |
|
Address : |
Khasra No.48, Near Iise, Kalyanpur, Lucknow – 226022, Uttar Pradesh, India |
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Date of Birth/Age : |
12.12.1964 |
|
Date of Appointment : |
09.11.2013 |
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DIN No.: |
00183462 |
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|
|
|
Name : |
Vikram Singh |
|
Designation : |
Additional director |
|
Address : |
A-605, Indira Nagar, Lucknow - 226016, Uttar Pradesh, India |
|
Date of Appointment : |
23.04.2015 |
|
DIN No.: |
07153318 |
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|
|
|
Name : |
Mr. Dinesh Kumar |
|
Designation : |
Alternate director |
|
Address : |
A-306, Indira Nagar , Lucknow - 226016, Uttar Pradesh, India |
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Date of Birth/Age : |
10.05.1973 |
|
Date of Appointment : |
02.12.2013 |
|
DIN No.: |
00124932 |
|
Name : |
Holly B Lev |
|
Designation : |
Director |
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Address : |
1859 Field Road, Charlottesville VA United States of America |
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Date of Birth/Age : |
28.08.1956 |
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Date of Appointment : |
30.09.2013 |
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DIN No. : |
06715553 |
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|
|
|
Name : |
Christopher Jeremy Dean |
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Designation : |
Alternate director |
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Address : |
16, Kingsley street, Byron Bay NSW 2481 |
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Date of Birth/Age : |
11.01.1951 |
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Date of Appointment : |
02.12.2013 |
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DIN No. : |
06715555 |
KEY EXECUTIVES
|
Name : |
Mr. Alok Kumar |
|
Designation : |
Company Secretary |
|
Address : |
Plot No.10, Phoolbagh Colony, Gudamba Kursi Road, Lucknow – 226021,
Uttar Pradesh, India |
|
Date of Birth/Age : |
23.05.1983 |
|
Date of Appointment : |
10.03.2011 |
|
PAN No.: |
ARFPK3497H |
|
Name : |
Mr. Santosh Singh |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
OI (India) Holdings LLC, USA |
|
51588250 |
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Fabindia Overseas Private Limited, India |
|
34392167 |
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|
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Total |
|
85980417 |
AS ON 30.09.2013
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign
Financial Institutions, Non-resident Indian or Overseas corporate bodies or
others] |
|
60.00 |
|
Bodies corporate |
|
40.00 |
|
|
|
|
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture and Sale of Herbal Infusions, Ayurvedic Formulations and
Agro Products. |
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Products : |
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Exports : |
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Products : |
Herbal Infusions, Ayurvedic Formulations and Agro Products |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users
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No. of Employees : |
265 (Approximately) |
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Bankers : |
· ICICI Bank Limited Regd. Off- Landmark, Race Cource Circle, Vadodara – 390007, Gujarat, India · HDFC Bank · Axis Bank · State Bank of India |
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Auditors : |
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Name : |
V G Associates, Chartered Accountants |
|
Address : |
Dalippur Tower,
C D Block 1st Floor, R. No. 5B and 6A 6, Sapru Marg, Lucknow – 226001, Uttar
Pradesh, India |
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PAN No.: |
AAEFV8325M |
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Name : |
Mohinder Puri and Company Chartered Accountants |
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Memberships : |
--- |
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Collaborators : |
--- |
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Associates/Subsidiaries : |
--- |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
89400000 |
Equity Shares |
Rs.10/- each |
Rs.894.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
85980417 |
Equity Shares |
Rs.10/- each |
Rs.859.804
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 |
859.804 |
515.882 |
515.882 |
|
(b) Reserves & Surplus |
93.079 |
(53.868) |
(186.007) |
|
(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) |
952.883 |
462.014 |
329.875 |
|
|
|
|
|
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(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
16.595 |
8.605 |
3.730 |
|
(d) long-term provisions |
33.004 |
17.937 |
0.000 |
|
Total
Non-current Liabilities (3) |
49.599 |
26.542 |
3.730 |
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
15.594 |
18.328 |
2.266 |
|
(c) Other current liabilities |
42.567 |
22.061 |
11.461 |
|
(d) Short-term provisions |
0.191 |
0.264 |
0.000 |
|
Total
Current Liabilities (4) |
58.352 |
40.653 |
13.727 |
|
|
|
|
|
|
TOTAL |
1,060.834 |
529.209 |
347.332 |
|
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|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
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|
|
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(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
37.911 |
106.290 |
119.561 |
|
(ii) Intangible Assets |
1.020 |
0.476 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
3.495 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
267.466 |
0.100 |
0.000 |
|
(c) Deferred tax assets (net) |
17.393 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
12.944 |
33.924 |
20.765 |
|
(e) Other Non-current assets |
15.810 |
71.643 |
40.751 |
|
Total
Non-Current Assets |
352.544 |
212.433 |
184.572 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
122.358 |
86.322 |
60.555 |
|
(c) Trade receivables |
347.803 |
149.434 |
66.396 |
|
(d) Cash and cash equivalents |
206.354 |
24.102 |
18.596 |
|
(e) Short-term loans and
advances |
21.886 |
9.572 |
15.217 |
|
(f) Other current assets |
9.889 |
47.346 |
1.996 |
|
Total
Current Assets |
708.290 |
316.776 |
162.760 |
|
|
|
|
|
|
TOTAL |
1,060.834 |
529.209 |
347.332 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Revenue from operations |
985.226 |
596.681 |
442.073 |
|
|
Other Income |
21.357 |
47.155 |
4.871 |
|
|
TOTAL
(A) |
1,006.583 |
643.836 |
446.944 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
325.643 |
214.140 |
189.479 |
|
|
Profit Prior Period Expenses |
0.918 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(6.956) |
(4.320) |
(0.308) |
|
|
Employees benefits expense |
86.234 |
79.127 |
59.808 |
|
|
Exceptional Items |
0.000 |
0.000 |
6.245 |
|
|
Other expenses |
216.783 |
196.063 |
142.519 |
|
|
TOTAL
(B) |
622.622 |
485.010 |
397.743 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
383.961 |
158.826 |
49.201 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4.748 |
0.519 |
0.388 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
379.213 |
158.307 |
48.813 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
8.291 |
13.076 |
13.961 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
370.922 |
145.231 |
34.852 |
|
|
|
|
|
|
|
Less |
TAX
(H) |
109.256 |
5.849 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H)
(I) |
261.666 |
139.382 |
34.852 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
3.26 |
2.70 |
0.68 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
1360.000 |
|
|
|
|
|
The above information has been parted by Mr. Santosh Singh.
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 |
NA |
NA |
NA |
|
Net cash flow (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
PAT / Total Income |
(%) |
26.56 |
23.36 |
7.88 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
38.97 |
26.62 |
11.13 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
47.80 |
27.45 |
10.14 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
0.39 |
0.31 |
0.11 |
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
12.14 |
7.79 |
11.86 |
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 |
515.882 |
515.882 |
859.804 |
|
Reserves & Surplus |
(186.007) |
(53.868) |
93.079 |
|
Net
worth |
329.875 |
462.014 |
952.883 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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) |
|
Revenue from operations |
442.073 |
596.681 |
985.226 |
|
|
|
34.973 |
65.118 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Revenue from operations |
442.073 |
596.681 |
985.226 |
|
Profit/(Loss) After Tax |
34.852 |
139.382 |
261.666 |
|
|
7.88% |
23.36% |
26.56% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
----- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last four 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 |
No |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10022981 |
08/04/2006 |
440,000.00 |
ICICI BANK LIMITED |
REGD OFF-LANDMARK, RACE COURSE CIRCLE, VADODRA, G |
A02564086 |
NOTE:
The Registered office of the company has been shifted from A-306, Indira Nagar, Lucknow – 226016, Uttar Pradesh, India to the present address w.e.f. 22.09.2009
FIXED ASSETS:
·
Land
·
Building
·
Factory Building
·
Plant and Machinery
·
Office Equipments
·
Computer Equipments
·
Furniture and Fixtures
·
Vehicles
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.63.51 |
|
|
1 |
Rs.97.85 |
|
Euro |
1 |
Rs.70.50 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.