MIRA INFORM REPORT
|
Report No. : |
328238 |
|
Report Date : |
20.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
CHANDIGARH DISTILLERS AND BOTTLERS LIMITED (w.e.f.27.12.2008) |
|
|
|
|
Formerly Known
As : |
CHANDIGARH DISTILLERS AND BOTTLERS PRIVATE LIMITED (w.e.f.04.12.2008) CHANDIGARH DISTILLERS AND BOTTLERS LIMITED |
|
|
|
|
Registered
Office : |
Banur, Teh. Mohali, Sas Nagar, Punjab - 140601 |
|
Tel. No.: |
91-172-5059999 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
23.04.1986 |
|
|
|
|
Com. Reg. No.: |
16-006814 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 175.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15520PB1986PLC006814 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCC3752B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Bottling of potable alcohol and country liquor |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 4500000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established company incorporated in the year 1986
having fine track. Rating takes into consideration the sound financial risk profile marked
by strong reserves, consistence track record of growth and profitability. Company has reported increase in sales turnover and profit in
financial year 2014. Trade relations are fair. Business is active. Payment terms are
regular and as per commitment. In a view of long standing experience and strong financials, the
company can be considered for business dealings with 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 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term = “A” |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
28.04.2015 |
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
31-03-2013.
INFORMATION DENIED
Management Non-cooperative (91-172-5059999)
LOCATIONS
|
Registered Office : |
Banur, Teh. Mohali, Sas Nagar, Punjab – 140601, India |
|
Tel. No.: |
91-172-5059999 |
|
Fax No.: |
91-172/2602863 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
S.C.O. 140-141, City Subcenter, Sector 34-A, Chandigarh - 160022,
Punjab, India |
|
E-Mail : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Vivek Bakshi |
|
Designation : |
Director |
|
Address : |
House No. 1473, Phase 3-B-2, Sas Nagar, Mohali,
Chandigarh - 160059, Punjab, India |
|
Date of Birth/Age : |
14.11.1962 |
|
Date of Appointment : |
25.08.2006 |
|
DIN No.: |
00660864 |
|
Other Directorship: |
|
|
|
|
|
Name : |
Mr. Amit Kumar Modi |
|
Designation : |
Managing Director |
|
Address : |
House No. 133, Sector 9-B,, Chandigarh - 160009, Punjab
India |
|
Date of Birth/Age : |
03.02.1965 |
|
Date of Appointment : |
02.03.2009 |
|
DIN No.: |
00888544 |
|
Other Directorship: |
|
|
|
|
|
Name : |
Supriya Modi |
|
Designation : |
Director |
|
Address : |
House No. 133, Sector 9-B, Chandigarh, Chandigarh -
160009, Punjab , India |
|
Date of Appointment : |
15.03.2015 |
|
DIN No.: |
00942466 |
|
Other Directorship: |
|
|
|
|
|
Name : |
Mr. Harjinder Singh |
|
Designation : |
Whole-Time Director |
|
Address : |
H. No. 665, Phase 3b1, Mohali, Chandigarh - 160059, Punjab, India |
|
Date of Birth/Age : |
27.07.1966 |
|
Date of Appointment : |
19.11.2008 |
|
DIN No.: |
00955738 |
|
Other Directorship: |
|
|
|
|
|
Name : |
Mr. Gautam Khanna |
|
Designation : |
Director |
|
Address : |
House No. 344, Sector 9, Chandigarh, Chandigarh - 160009,
Punjab , India |
|
Date of Appointment : |
15.03.2015 |
|
DIN No.: |
01220530 |
|
|
|
|
Name : |
Mr. Pushpinder Singh Mamik |
|
Designation : |
Whole-Time Director |
|
Address : |
House No. 5572, Sector 38 West, Chandigarh, Chandigarh - 160036, Punjab, India |
|
Date of Appointment : |
24.10.214 |
|
DIN No.: |
01422613 |
|
|
|
|
Name : |
Mr. Jasnik Singh Kakkar |
|
Designation : |
Director |
|
Address : |
H.No.2660, Ist Floor, Sector-69, Mohali, Chandigarh - 160062, , India |
|
Date of Appointment : |
15.03.2015 |
|
DIN No.: |
02063553 |
KEY EXECUTIVES
|
Name : |
Mr. Vivek Bakshi |
|
Designation : |
Secretary |
|
Address : |
House No. 1473, Phase 3-B-2, Sas Nagar, Mohali,
Chandigarh - 160059, Punjab, India |
|
Date of Appointment : |
06.04.1993 |
|
PAN No.: |
ABEPB7797G |
|
|
|
|
Name : |
Mr. Ravinder Talwar |
|
Designation : |
CFO |
|
Address : |
House No. 1598/1, Sector-33d,, Chandigarh -160033, Punjab, India |
|
Date of Appointment : |
27.08.2014 |
|
PAN No.: |
ABMPT4018N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Punjab Distillers Bottlers Private Limited, India |
|
864247 |
|
Jagdamba Organics Private Limited, India |
|
350000 |
|
Himalayan Capital Services Private Limited, India |
|
307400 |
|
Amit Kumar Modi |
|
76117 |
|
Supriya Modi |
|
76117 |
|
Soham Modi |
|
76117 |
|
Ravinder Talwar |
|
1 |
|
Jatinder Arora |
|
1 |
|
Total |
|
1750000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
86.95 |
|
Directors or relatives of Directors |
13.04 |
|
Other top fifty shareholders |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Bottling of potable alcohol and country liquor |
||||
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Products : |
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Brand Names : |
Not Available |
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||||
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Agencies Held : |
Not Available |
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||||
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Exports : |
Not Divulged |
||||
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|
||||
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Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
||||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
NAYYAR MALIK and Company Chartered Accountants |
|
Address : |
370a, Sant Nagar, East of Kailash, New Delhi, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFL6210Q |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Subsidiaries : |
CIN No.: U40101hp2007ptc030650
CIN No.: U45200CH2007PTC030991
CIN No.: U15500ch2011ptc032998 |
|
|
|
|
Related Party : |
CIN No.: U01115HP1988PTC008384
CIN No.: U67120CH1996PTC017546 |
|
|
|
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,750,000 |
Equity Shares |
Rs.100/- each |
Rs. 175.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,750,000 |
Equity Shares |
Rs.10/- each |
Rs.175.000
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 |
175.000 |
175.000 |
175.000 |
|
(b) Reserves & Surplus |
1393.804 |
1280.257 |
1125.311 |
|
(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) |
1568.804 |
1455.257 |
1300.311 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
509.119 |
469.934 |
526.269 |
|
(b) Deferred tax liabilities
(Net) |
255.942 |
247.836 |
229.799 |
|
(c) Other long term
liabilities |
83.130 |
74.057 |
31.180 |
|
(d) long-term provisions |
18.173 |
16.207 |
13.548 |
|
Total
Non-current Liabilities (3) |
866.364 |
808.034 |
800.796 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
93.153 |
76.168 |
187.765 |
|
(b) Trade payables |
391.938 |
267.036 |
572.108 |
|
(c) Other current liabilities |
196.103 |
160.158 |
145.396 |
|
(d) Short-term provisions |
56.160 |
37.065 |
66.817 |
|
Total
Current Liabilities (4) |
737.354 |
540.427 |
972.086 |
|
|
|
|
|
|
TOTAL |
3172.522 |
2803.718 |
3073.193 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1453.773 |
1494.628 |
1288.408 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
15.914 |
31.217 |
248.666 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
890.888 |
383.168 |
324.208 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
111.035 |
103.476 |
100.642 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
2471.610 |
2012.489 |
1961.924 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
202.810 |
138.327 |
234.544 |
|
(c) Trade receivables |
216.497 |
166.599 |
424.889 |
|
(d) Cash and cash equivalents |
124.552 |
82.271 |
83.227 |
|
(e) Short-term loans and
advances |
147.109 |
394.143 |
359.048 |
|
(f) Other current assets |
9.944 |
9.889 |
9.561 |
|
Total
Current Assets |
700.912 |
791.229 |
1111.269 |
|
|
|
|
|
|
TOTAL |
3172.522 |
2803.718 |
3073.193 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
4767.484 |
4701.964 |
6656.189 |
|
|
Other Income |
90.831 |
105.530 |
20.267 |
|
|
TOTAL
(A) |
4858.315 |
4807.494 |
6676.456 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
3667.695 |
3477.087 |
4364.929 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(36.758) |
(55.081) |
(1.619) |
|
|
Employees benefits expense |
107.832 |
111.707 |
112.895 |
|
|
Other expenses |
745.471 |
821.001 |
1829.933 |
|
|
Exceptional Item |
(0.004) |
(3.953) |
1.254 |
|
|
TOTAL
(B) |
4484.236 |
4460.923 |
6307.392 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
374.079 |
346.571 |
369.064 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
88.383 |
85.686 |
48.778 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
285.696 |
260.885 |
320.286 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
114.394 |
110.340 |
97.028 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
171.302 |
150.545 |
223.258 |
|
|
|
|
|
|
|
Less |
TAX (H) |
57.755 |
48.799 |
74.324 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
113.547 |
101.746 |
148.934 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
64.88 |
58.14 |
85.11 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
119.972 |
885.620 |
38.521 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.38 |
2.16 |
2.24 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
7.85 |
7.37 |
5.54 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.56 |
6.30 |
8.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.10 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.46 |
0.98 |
0.58 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.95 |
1.46 |
1.14 |
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 |
175.000 |
175.000 |
175.000 |
|
Reserves & Surplus |
1125.311 |
1280.257 |
1393.804 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1300.311 |
1455.257 |
1568.804 |
|
|
|
|
|
|
long-term borrowings |
526.269 |
469.934 |
509.119 |
|
Short term borrowings |
187.765 |
76.168 |
93.153 |
|
Current Maturities of
Long-Term Debts |
38.521 |
885.620 |
119.972 |
|
Total
borrowings |
752.555 |
1431.722 |
722.244 |
|
Debt/Equity
ratio |
0.579 |
0.984 |
0.460 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
6656.189 |
4701.964 |
4767.484 |
|
|
|
(29.360) |
1.393 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
6656.189 |
4701.964 |
4767.484 |
|
Profit |
148.934 |
101.746 |
113.547 |
|
|
2.24% |
2.16% |
2.38% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
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 three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Other loans and advances |
140.000 |
70.000 |
|
|
|
|
|
Total |
140.000 |
70.000 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10574494 |
23/08/2014 |
506,700,000.00 |
STATE BANK OF INDIA |
SPECIALISED COMMERCIAL BRANCH, SCO 103-106, SECTOR 17-B, CHANDIGARH, Chandigarh - 160017, INDIA |
C56220734 |
|
2 |
10468600 |
23/07/2014 * |
965,000,000.00 |
CANARA BANK |
SECTOR 35B, CHANDIGARH, Chandigarh - 160035, INDIA |
C13864871 |
|
3 |
10440038 |
21/01/2014 * |
250,000,000.00 |
Axis Bank Limited |
SCO 343-344, SECTOR
35B, CHANDIGARH, Chandigarh - |
B94337987 |
|
4 |
10429400 |
23/07/2014 * |
965,000,000.00 |
CANARA BANK |
SECTOR 35B, CHANDIGARH, Chandigarh - 160035, INDIA |
C13864202 |
|
5 |
10246410 |
20/10/2010 |
450,000,000.00 |
STATE BANK OF INDIA |
SCO 103-106,,
SECTOR 17-B, CHANDIGARH, Chandigar |
A97171318 |
|
6 |
10198636 |
15/02/2010 * |
150,000,000.00 |
CORPORATION BANK INDUSTRIAL FINANCE BRANCH |
1ST, FLOOR, 16/10,MAIN ARYA SAMAJ ROAD,KAROL BAGH, NEW DELHI, Delhi - 110001, INDIA |
A80212459 |
|
7 |
80018595 |
11/12/2013 * |
815,000,000.00 |
CANARA BANK |
SECTOR-35B, CHANDIGARH, Chandigarh - 160035, INDIA |
B92910496 |
*Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Factory equipments
- 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 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.63.82 |
|
|
1 |
Rs.101.26 |
|
Euro |
1 |
Rs.72.36 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRP |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
53 |
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.