MIRA INFORM REPORT
|
Report No. : |
350536 |
|
Report Date : |
23.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
BARAMATI AGRO LIMITED |
|
|
|
|
Registered
Office : |
At Post Pimpali Tal, Baramati – 413102, Maharashtra |
|
Tel. No.: |
91-2112-221001/304100 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
14.01.1988 |
|
|
|
|
Com. Reg. No.: |
11-045873 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 360.596 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U01134PN1988PLC045873 |
|
|
|
|
IEC No.: |
3104017891 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB7067M |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company. |
|
|
|
|
Line of Business
: |
Subject is engaged in diversified activities such as Sugar,
Industrial Alcohol, Electricity, Poultry products, Feed mill and trading of
Agro commodities. |
|
|
|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject company was incorporated on January 14, 1988, is engaged in
poultry, feed mill, agri trading and sugar production business. The company
sells its products under the brand name of ‘Elicious’ for chicken products
and value-added prodcuts. The rating on Baramati Agro Limited reflects its established track
record of the company in sugar and poultry business, diversified product and
revenue profile of the company. Rating further takes into accounts on company’s comfortable financial risk
profile and average debt protection metrics. The rating, however, continues to be constrained by the cyclicality
and regulatory nature of the sugar industry, highly fragmented, competitive
nature of the poultry industry and vulnerability of profits margin. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In a view of aforesaid, the company can be considered for the 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
April 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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Subhash M. Kore |
|
Designation : |
Chief Financial Officer |
|
Contact No.: |
91-20-30440900 |
|
Date : |
20.11.2015 |
LOCATIONS
|
Registered Office : |
At Post Pimipaltal Baramati – 413102, Maharashtra, India |
|
Tel. No.: |
91-2112-221001/221002/221004/221005 |
|
Fax No.: |
91-2112-221003 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
5000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
4th Floor, Farina Park, Besides Magrapatta, Hadapsar, Pune,
Maharashtra, India |
|
Tel. No.: |
91-20-30440900 |
|
Fax No.: |
91-20-30440910 |
|
|
|
|
Units : |
Located At:
|
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Rajendra Dinkarrao Pawar |
|
Designation : |
Chairman and Managing Director |
|
Address : |
601, Subhadra Bagh, Post. Pimpali, Baramati, Pune-413102, Maharashtra, India |
|
Date of Birth/Age : |
17.06.1958 |
|
Date of Appointment : |
25.10.1989 |
|
DIN No.: |
00226848 |
|
PAN No.: |
ABQPP2402C |
|
Voter ID No.: |
MT0430255288585 |
|
|
|
|
Name : |
Ms. Chanda Bonbehari Nimbkar |
|
Designation : |
Director |
|
Address : |
516, A/P Rajale, Taluka Phaltan, District Satara-413102, Maharashtra, India |
|
Date of Birth/Age : |
20.12.1960 |
|
Date of Appointment : |
07.08.1995 |
|
DIN No.: |
00284531 |
|
|
|
|
Name : |
Mr. Abhaysinha Dinkarrao Dhadavepatil |
|
Designation : |
Director |
|
Address : |
Shrinivas, 1025, Subhashnagar, Shukarvar Peth Line No.3, Pune-411002, Maharashtra, India |
|
Date of Birth/Age : |
28.07.1965 |
|
Date of Appointment : |
19.08.1999 |
|
DIN No.: |
00584722 |
|
|
|
|
Name : |
Mr. Prakash Sarjerao Jagtap |
|
Designation : |
Director |
|
Address : |
455T, Patricks Town, Pune-Solapur Road, Hadapasar, Pune-411013, Maharashtra, India |
|
Date of Birth/Age : |
27.12.1945 |
|
Date of Appointment : |
24.07.2000 |
|
DIN No.: |
00656410 |
|
|
|
|
Name : |
Mr. Rohit Rajendra Pawar |
|
Designation : |
Whole Time Director |
|
Address : |
601, Subhadra Bagh, Post. Pimpali, Baramati, Pune-413102, Maharashtra, India |
|
Date of Birth/Age : |
29.09.1985 |
|
Date of Appointment : |
01.04.2009 |
|
DIN No.: |
00590679 |
|
PAN No.: |
AHVPP6475E |
|
|
|
|
Name : |
Cheluvarayaswamy Gopalaswamy |
|
Designation : |
Director |
|
Address : |
No.17, Sumeru, Aecs Layout, 1st Stage, 3rd Cross, Geddalahalli, Bangalore - 560024, Karnataka, India |
|
Date of Appointment : |
07.08.2010 |
|
DIN No.: |
00742732 |
|
|
|
|
Name : |
Mr. Subhash Jagannath Gulve |
|
Designation : |
Director |
|
Address : |
A/p . Takali, Taluka Karmala, Solapur-413203, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1969 |
|
Date of Appointment : |
28.01.2009 |
|
DIN No.: |
02625022 |
KEY EXECUTIVES
|
Name : |
Subhash Mallikarjun Kore |
|
Designation : |
Chief Financial Officer |
|
Address : |
Moreshwar Complex, Flat No- D/3, Bhigwan Road,, Sayali Hill, Jalochi, Baramati - 413102, Maharashtra, India |
|
Date of Appointment : |
14.02.2015 |
|
PAN No.: |
AKBPK4995P |
SHAREHOLDING PATTERN
AS ON 30.09.2014
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
67.10 |
|
Directors or relatives of Directors |
13.06 |
|
Other top fifty shareholders |
2.64 |
|
Others |
17.20 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in diversified activities such as
Sugar, Industrial Alcohol, Electricity, Poultry products, Feed mill and
trading of Agro commodities. |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
Indonesia |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30/60/90 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30/60/90 days) |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
|
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Customers : |
End Users and OEMs
|
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
No. of Employees : |
500 (Approximately) |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
G S Thorat and Company Chartered Accountants |
|
Address : |
The Pentagon 201-209, Shahu College Road, Pune Satara Road, Pune – 411009, Maharashtra, India |
|
PAN No.: |
AAPPT4948P |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates : |
Provet Genetics Private Limited |
|
|
|
|
Subsidiary Company : |
Baramati Agro Sigapore Pte Limited |
|
|
|
|
Others : |
Protrans Supply Chain Management Private Limited Profarm Agrotech Private Limited Proenergy Resources Private Limited |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
51000000 |
Equity Shares |
Rs.10/- each |
Rs. 510.000 Million |
|
7000000 |
Preference Shares |
Rs. 10/- each |
Rs. 70.000 Million |
|
|
Total |
|
Rs. 580.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
36059649 |
Equity Shares |
Rs.10/- each |
Rs. 360.596
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 |
360.596 |
410.596 |
395.579 |
|
(b) Reserves & Surplus |
1050.682 |
954.450 |
926.564 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
15.487 |
|
Total
Shareholders’ Funds (1) + (2) |
1411.278 |
1365.046 |
1337.630 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2318.688 |
1521.671 |
1307.777 |
|
(b) Deferred tax liabilities (Net) |
162.748 |
212.578 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
40.665 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
2522.101 |
1734.249 |
1307.777 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
2713.714 |
1967.565 |
2437.131 |
|
(b) Trade
payables |
739.562 |
846.901 |
728.054 |
|
(c) Other
current liabilities |
1334.700 |
821.671 |
298.366 |
|
(d) Short-term
provisions |
247.829 |
199.297 |
310.619 |
|
Total Current Liabilities
(4) |
5035.805 |
3835.434 |
3774.170 |
|
|
|
|
|
|
TOTAL |
8969.184 |
6934.729 |
6419.577 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1915.388 |
2016.589 |
2054.052 |
|
(ii)
Intangible Assets |
6.158 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
1984.648 |
679.268 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
11.023 |
98.823 |
79.598 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
9.816 |
166.840 |
54.376 |
|
(e) Other
Non-current assets |
32.014 |
47.276 |
0.000 |
|
Total Non-Current
Assets |
3959.047 |
3008.796 |
2188.026 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
3083.148 |
3030.687 |
3068.051 |
|
(c) Trade
receivables |
826.681 |
374.138 |
328.607 |
|
(d) Cash
and cash equivalents |
222.502 |
91.547 |
200.170 |
|
(e)
Short-term loans and advances |
745.714 |
373.398 |
433.912 |
|
(f) Other
current assets |
132.092 |
56.163 |
200.811 |
|
Total
Current Assets |
5010.137 |
3925.933 |
4231.551 |
|
|
|
|
|
|
TOTAL |
8969.184 |
6934.729 |
6419.577 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
9885.981 |
9927.692 |
8460.692 |
|
|
Other Income |
166.526 |
86.845 |
149.048 |
|
|
TOTAL |
10052.507 |
10014.537 |
8609.740 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
4842.568 |
5668.415 |
4675.523 |
|
|
Purchases of Stock-in-Trade |
2969.809 |
1812.326 |
3009.634 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
183.666 |
301.758 |
-1169.298 |
|
|
Employees benefits expense |
230.073 |
203.693 |
125.689 |
|
|
Other expenses |
1088.251 |
1015.000 |
935.315 |
|
|
TOTAL |
9314.367 |
9001.192 |
7576.863 |
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
738.140 |
1013.345 |
1032.877 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
369.508 |
393.137 |
311.639 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
368.632 |
620.208 |
721.238 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
293.084 |
307.244 |
319.877 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
75.548 |
312.964 |
401.361 |
|
|
|
|
|
|
|
Less |
TAX |
(32.330) |
34.333 |
82.280 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
107.878 |
278.631 |
319.081 |
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
Export Earnings |
2181.776 |
1893.932 |
659.333 |
|
|
TOTAL EARNINGS |
2181.776 |
1893.932 |
659.333 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
31.146 |
22.338 |
0.000 |
|
|
Stores & Spares |
1.384 |
0.215 |
0.000 |
|
|
Capital Goods |
45.588 |
52.346 |
0.000 |
|
|
TOTAL IMPORTS |
78.118 |
74.899 |
0.000 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.87 |
8.02 |
9.28 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
12000.000 |
|
|
|
|
|
The above information has been parted by Mr. Subhash M. Kore (Chief
Financial Manager)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
414.974 |
340.975 |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operation |
289.834 |
879.102 |
7.078 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.09 |
2.81 |
3.77 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
7.47 |
10.21 |
12.21 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.08 |
5.08 |
6.33 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.23 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.57 |
2.56 |
2.80 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.99 |
1.02 |
1.12 |
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 |
395.579 |
410.596 |
360.596 |
|
Reserves & Surplus |
926.564 |
954.450 |
1050.682 |
|
Share Application money
pending allotment |
15.487 |
0.000 |
0.000 |
|
Net
worth |
1337.630 |
1365.046 |
1411.278 |
|
|
|
|
|
|
long-term borrowings |
1307.777 |
1521.671 |
2318.688 |
|
Short term borrowings |
2437.131 |
1967.565 |
2713.714 |
|
Current Maturities of Long
Term Debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
3744.908 |
3489.236 |
5032.402 |
|
Debt/Equity
ratio |
2.800 |
2.556 |
3.566 |
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 |
8460.692 |
9927.692 |
9885.981 |
|
|
|
17.339 |
(0.420) |
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 |
8460.692 |
9927.692 |
9885.981 |
|
Profit |
319.081 |
278.631 |
107.878 |
|
|
3.77% |
2.81% |
1.09% |
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 |
Yes |
|
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 |
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 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 |
Yes |
|
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 |
UNSECURED LOAN
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Public deposits |
0.075 |
0.075 |
|
Deposits from directors |
5.235 |
3.658 |
|
Rupee term loans from others |
62.500 |
100.000 |
|
|
|
|
|
Total |
67.810 |
103.733 |
|
|
|
|
OPERATIONS OF THE
COMPANY
Subject is engaged in diversified activities such as Sugar, Industrial Alcohol, Electricity, Poultry products, Feed mill and trading of Agro commodities out of which Cost Audit is carried out for Sugar,Industrial Alcohol and Co-gen industry. There units are located at Shetphalgadhe and Kannad. Shetphalgadhe unit manufactures Sugar, Industrial Alcohol and Electricity and Kannad unit manufactures Sugar and Electricity.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10588984 |
06/08/2015 |
40,000,000.00 |
PUNJAB NATIONAL BANK |
AURORA TOWER, CAMP BRANCH, M. G. Road, PUNE, Maharashtra - 411001, INDIA |
C63110886 |
|
2 |
10588985 |
06/08/2015 |
432,000,000.00 |
PUNJAB NATIONAL BANK |
CAMP BRANCH, AURORA TOWER, M. G. ROAD, PUNE, Maharashtra - 411001, India |
C63111421 |
|
3 |
10561982 |
25/03/2015 |
270,000,000.00 |
IDBI Bank Limited |
Pashan Branch Shop
No. 1A/1B/1C, Mont Vert Arcade, |
C50296458 |
|
4 |
10573447 |
23/02/2015 |
420,000,000.00 |
Cosmos Co-operative Bank Limited |
269/270, Shaniwar Peth, Pune, Maharashtra - 411030, India |
C55721294 |
|
5 |
10573448 |
23/02/2015 |
93,800,000.00 |
Cosmos Co-operative Bank Limited |
269/270, Shaniwar Peth, Pune, Maharashtra - 411030, India |
C55721849 |
|
6 |
10527705 |
03/09/2014 |
259,300,000.00 |
PUNJAB NATIONAL BANK |
CAMP BRANCH, AURORA TOWERS, M. G. ROAD, PUNE, Maharashtra - 411001, India |
C31056609 |
|
7 |
10493291 |
26/03/2015 * |
870,000,000.00 |
PUNJAB NATIONAL BANK |
AURORA TOWER, CAMP BRANCH, M. G. Road, PUNE, Maharashtra - 411001, INDIA |
C51150720 |
|
8 |
10447891 |
12/08/2013 |
63,872,000.00 |
Cosmos Co-operative Bank Limited |
269/270, Shaniwar Peth, Pune, Maharashtra - 411030, INDIA |
B84468719 |
|
9 |
10440827 |
27/06/2013 * |
1,186,700,000.00 |
PUNJAB NATIONAL BANK |
AURORA TOWER, CAMP BRANCH, M. G. Road, PUNE, Maharashtra - 411001, INDIA |
B81832156 |
|
10 |
10425707 |
20/04/2013 |
1,600,000,000.00 |
BANK OF INDIA |
PUNE LARGE
CORPORATE BRANCH, 1290, SUSHILP, OPP. HOTEL SWAN INN, OFF J M ROAD,
SHIVAJINAGAR, PUNE, INDIA |
B75133058 |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Plant and
Equipments
- Furniture and
Fixture
- Vehicles
- Office
Equipments
- Computer
Equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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. 66.09 |
|
UK Pound |
1 |
Rs. 101.04 |
|
Euro |
1 |
Rs. 70.86 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
49 |
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.