MIRA INFORM REPORT
|
Report No. : |
352152 |
|
Report Date : |
28.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
OM INDIA TRADING
COMPANY PRIVATE LIMITED (w.e.f.12.03.2010) |
|
|
|
|
Formerly Known
As : |
ASSAM GINNING AND INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
East Market, Karim Bazar, Karimganj – 788710, Assam |
|
Tel. No.: |
91-3843-263497 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
19.08.1975 |
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|
|
|
Com. Reg. No.: |
02-001628 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.72.471 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U01405AS1975PTC001628 |
|
|
|
|
IEC No.: |
Not Applicable (Note:- As claimed by company management chat company
does not export and import) |
|
|
|
|
TIN No.: |
07970177885 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SHLA004078 |
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|
|
|
PAN No.: [Permanent Account No.] |
AACCA7130Q |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
The principal business of the Company is to carry on and
undertake the business of dealing in agricultural produce like sesame seeds,
Cotton, rice, chick peas etc. mainly doing exports out of India. The Company
is also engaged in the business of Construction of Warehouses for the purpose
of leasing out to Food Corporation of India/State Warehousing Corporations |
|
|
|
|
No. of Employees
: |
Not available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1000000 |
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|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
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|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having satisfactory track record. Management of the company has failed to file its financial for the
year 2014 with the government department. During FY 14 (refers to the period April 1 to March 31), company has
achieved a total income of Rs. 6292.600 Million with PAT of Rs. 40.200
Million as against a total income of
Rs. 4504.500 Million with PAT of Rs. 25.000 Million in FY 13. The rating takes into account on company’s experienced management, and
moderately diversified product portfolio. Rating further takes into
consideration on company growing scale of operations and sound profitability
margins of the company. The ratings are however constrained by high working capital intensity
of operations and inherent risks associated with trading business including
low margins, commodity price and foreign currency exchange rate fluctuation
risks. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company can be considered 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 – 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 Bank Facilities (BBB-) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
March 2015 |
|
|
|
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities (A3) |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
March 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.
LOCATIONS
|
Registered Office : |
East Market, Karim Bazar, Karimganj – 788710, Assam, India |
|
Tel. No.: |
91-3843-263497 |
|
Fax No.: |
Not Available |
|
E-Mail : |
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|
Website : |
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Corporate Office
: |
Unit 204, ABW Rectangle – I, D – 4, District Centre, Saket, New Delhi
– 110017, India |
|
Tel. No.: |
91-11-43720000 (30 Lines) |
|
|
|
|
Branch Office : |
1004, Nirmal Towers, 26, Barakhamba Road, New Delhi – 110001, India |
|
Tel. No.: |
91-11-43720000 (30 Lines) / 23730173/ 23315377/ 23318100 |
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Branches: |
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DIRECTORS
As on: 30.09.2014
|
Name : |
Mr. Sanjay Kumar Bhura |
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Designation : |
Director |
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Address : |
D – 35, Saket, New Delhi, Delhi – 110017 |
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Date of Birth/Age : |
02.09.1971 |
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Date of Appointment : |
28.02.2011 |
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DIN No.: |
00097782 |
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Other Directorship : |
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Name : |
Mr. Sandeep Bhura |
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|
Designation : |
Director |
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|
Address : |
T – 23, 2nd Floor, Green Park Main, New Delhi - 110017 |
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Date of Birth/Age : |
03.02.1980 |
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Qualification : |
Director |
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Date of Appointment : |
28.02.2001 |
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DIN No.: |
01476968 |
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Other Directorship : |
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KEY EXECUTIVES
|
Name : |
Mrs. Neha Sandal |
|
Designation : |
Secretary |
|
Address : |
364- Ground Floor, Ashoka Enclave - 3, Sector - 35, Faridabad-121003, Haryana, India |
|
Date of Appointment : |
11.08.2015 |
|
PAN No.: |
DCGPS2569H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Sh. Keshri Chand Bhura |
86,120 |
|
Sh. Nirmal Kumar Bhura |
8,000 |
|
Sh. Manik Chand Surana |
51,000 |
|
Sh. Banshi Lal Bothra |
2,500 |
|
Sh. Rajendra Kumar Bhura |
90,850 |
|
Sh. Sanjay Kumar Bhura |
1,921,905 |
|
Sh. Sandeep Kumar Bhura |
1,449,850 |
|
Smt. Bimala Devi Bhura |
118,850 |
|
Sh. Peush Kumar Bhura |
100 |
|
Sh. Tolaram Anchalia |
5,000 |
|
Sanjay Kumar Bhura And Sons |
36,650 |
|
Sh. Jai Chand Lal Bothra |
5,000 |
|
Smt. Namita Bhura |
335,000 |
|
K.C. Bhura and Sons, India |
32,300 |
|
Namita Family Trust, India |
1,490,000 |
|
Arushi Family Trust, India |
1,614,000 |
|
Total |
7,247,125 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
99.12 |
|
Other top fifty shareholders |
0.88 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The principal business of the Company is to carry on and
undertake the business of dealing in agricultural produce like sesame seeds, Cotton,
rice, chick peas etc. mainly doing exports out of India. The Company is also
engaged in the business of Construction of Warehouses for the purpose of
leasing out to Food Corporation of India/State Warehousing Corporations |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Narendra Nath and Company Chartered Accountant |
|
Address : |
Unit No. 405, Tower – A, Spazedge, Sector – 47, Sohna Road, Gurgoan,
India |
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PAN No.: |
AAFPN8965L |
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Memberships : |
-- |
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Collaborators : |
-- |
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Subsidiary : |
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CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8,000,000 |
Equity Shares |
Rs.10/- each |
Rs.80.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7,247,125 |
Equity Shares |
Rs.10/- each |
Rs.72.471
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 |
72.471 |
72.471 |
72.471 |
|
(b) Reserves & Surplus |
289.005 |
248.759 |
223.791 |
|
(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) |
361.476 |
321.230 |
296.262 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
191.773 |
155.697 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
3.836 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
195.609 |
155.697 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
563.152 |
566.879 |
593.881 |
|
(b) Trade
payables |
363.772 |
116.794 |
177.936 |
|
(c) Other current
liabilities |
52.902 |
28.592 |
24.820 |
|
(d) Short-term
provisions |
15.526 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
995.352 |
712.265 |
796.637 |
|
|
|
|
|
|
TOTAL |
1552.437 |
1189.192 |
1092.899 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
340.794 |
197.392 |
73.730 |
|
(ii)
Intangible Assets |
0.215 |
0.198 |
0.330 |
|
(iii)
Capital work-in-progress |
80.526 |
162.245 |
55.422 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
15.660 |
15.660 |
15.660 |
|
(c) Deferred tax assets (net) |
0.000 |
0.075 |
0.004 |
|
(d) Long-term Loan and Advances |
7.485 |
6.316 |
5.728 |
|
(e) Other Non-current
assets |
0.000 |
0.030 |
0.068 |
|
Total Non-Current
Assets |
444.680 |
381.916 |
150.942 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
476.406 |
356.495 |
517.768 |
|
(c) Trade
receivables |
436.184 |
304.750 |
164.026 |
|
(d) Cash
and cash equivalents |
27.949 |
13.635 |
103.919 |
|
(e)
Short-term loans and advances |
17.728 |
11.916 |
19.486 |
|
(f) Other
current assets |
149.490 |
120.480 |
136.758 |
|
Total Current
Assets |
1107.757 |
807.276 |
941.957 |
|
|
|
|
|
|
TOTAL |
1552.437 |
1189.192 |
1092.899 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
6290.924 |
4502.603 |
6198.019 |
|
|
|
Other Income |
4.679 |
5.396 |
29.066 |
|
|
|
TOTAL |
6295.603 |
4507.999 |
6227.085 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
Purchases of Stock-in-Trade |
5879.986 |
3927.354 |
|
|
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(119.911) |
161.273 |
|
|
|
|
Employees benefits expense |
14.672 |
12.795 |
|
|
|
|
Other expenses |
358.945 |
288.744 |
|
|
|
|
|
TOTAL |
6133.692 |
4390.166 |
6084.368 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
161.911 |
117.833 |
142.717 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
94.235 |
79.630 |
94.339 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
67.676 |
38.203 |
48.378 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.948 |
0.945 |
0.783 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
59.728 |
37.258 |
47.595 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
19.483 |
12.290 |
15.603 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
40.245 |
24.968 |
31.992 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN CURRENCY |
5459.365 |
4219.977 |
5807.022 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.55 |
3.45 |
4.41 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
18.383 |
17.114 |
0.000 |
|
Cash generated from operations |
146.005 |
56.904 |
167.380 |
|
Net Cash flows from operating activities |
130.714 |
44.717 |
152.235 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.64 |
0.55 |
0.52 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
2.57 |
2.62 |
2.30 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.10 |
3.68 |
4.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.12 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.14 |
2.30 |
2.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.11 |
1.13 |
1.18 |
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 |
72.471 |
72.471 |
72.471 |
|
Reserves & Surplus |
223.791 |
248.759 |
289.005 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
296.262 |
321.230 |
361.476 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
155.697 |
191.773 |
|
Short term borrowings |
593.881 |
566.879 |
563.152 |
|
Current Maturities Of
Long-Term Debts |
0.000 |
17.114 |
18.383 |
|
Total borrowings |
593.881 |
739.690 |
773.308 |
|
Debt/Equity ratio |
2.005 |
2.303 |
2.139 |
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 |
6198.019 |
4502.603 |
6290.924 |
|
|
|
(27.354) |
39.717 |
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 |
6198.019 |
4502.603 |
6290.924 |
|
Profit |
31.992 |
24.968 |
40.245 |
|
|
0.52% |
0.55% |
0.64% |
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 |
No |
|
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 |
CORPORATE
INFORMATION:
The company is incorporated in India under the provisions of Companies Act, 1956. The principal business of the Company is to carry on and undertake the business of dealing in agricultural produce like sesame seeds, Cotton, rice, chick peas etc. mainly doing exports out of India. The Company is also engaged in the business of Construction of Warehouses for the purpose of leasing out to Food Corporation of India/State Warehousing Corporations. The Company is having its Registered Office at Karimganj, Assam and Corporate Office at New Delhi. The Company is also having branches at Sri Bijay Nagar (Rajasthan), Pecharthal (Tripura) Rajkot (Gujrat)
& Nagpur (Maharashtra).
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
|
Guarantees |
7.568 |
|
Other money for which company is contingently liable |
654.825 |
INDEX OF CHARGES
|
.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10543136 |
15/12/2014 |
58,500,000.00 |
UNION BANK OF INDIA |
UNION BANK OF INDIA, RANI TALAAB, JIND - 126102, Haryana, INDIA |
C40501637 |
|
2 |
10530996 |
17/11/2014 * |
245,000,000.00 |
Vijaya Bank |
Vijaya Building, Overseas Branch, Ground Floor, 17 Barakhamba Road, New
Delhi - 110001, INDIA |
C36970945 |
|
3 |
10353931 |
16/04/2012 |
89,000,000.00 |
UNION BANK OF INDIA |
JIND BRANCH, JAGAT BUILDING, RANI TALAB, DISTRICT JIND - 126102,
Haryana, INDIA |
B39024526 |
|
4 |
10032564 |
09/06/2014 * |
2,835,000,000.00 |
State Bank of India |
OVERSEAS BRANCH, JAWAHAR VYAPAR BHAWAN, 1, TOLSTOY MARG, NEW DELHI -
110001, INDIA |
C09790056 |
|
5 |
90265086 |
25/03/2004 |
170,000,000.00 |
STATE BANK OF INDIA |
OVERSEAS BRANCH, JAWAHAR VYAPAR BHAWAN, 1, TOLSTOY MARG, NEW DELHI - 110001,
INDIA |
- |
|
6 |
90266002 |
25/03/2004 |
170,000,000.00 |
STATE BANK OF INDIA |
OVERSEAS BRANCH, JAWAHAR VYAPAR BHAWAN, 1, TOLSTOY MARG, NEW DELHI -
110001, INDIA |
- |
|
7 |
90266672 |
28/12/2004 * |
170,000,000.00 |
STATE BANK OF INDIA |
OVERSEAS BRANCH, JAWAHAR VYAPAR BHAWAN, 1, TOLSTOY MARG, NEW DELHI -
110001, INDIA |
- |
|
8 |
90265043 |
28/12/2004 * |
222,000,000.00 |
STATE BANK OF INDIA |
OVERSEAS BRANCH, JAWAHAR VYAPAR BHAWAN, 1, TOLSTOY MARG, NEW DELHI -
110001, INDIA |
- |
|
9 |
90265180 |
28/12/2004 * |
222,000,000.00 |
STATE BANK OF INDIA |
OVERSEAS BRANCH, JAWAHAR VYAPAR BHAWAN, 1, TOLSTOY MARG, NEW DELHI -
110001, INDIA |
- |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipment
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.66.75 |
|
|
1 |
Rs.100.68 |
|
Euro |
1 |
Rs.70.88 |
INFORMATION DETAILS
|
Analysis Done by
: |
KSP |
|
|
|
|
Report Prepared
by : |
MTN |
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 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
|
45 |
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.