MIRA INFORM REPORT
|
Report No. : |
346131 |
|
Report Date : |
20.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
HALDIRAM FOODS INTERNATIONAL PRIVATE LIMITED (w.e.f. 01.02.2012) |
|
|
|
|
Formerly Known
As : |
HALDIRAM FOODS INTERNATIONAL LIMITED AVIN FOOD PRODUCTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A 204, Shyam Kamal Agrawal Market, Tejpal Road, Vile Parle (East),
Mumbai – 400057, Maharashtra |
|
Tel. No.: |
91-22-26130771 / 26170762 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
04.12.1987 |
|
|
|
|
Com. Reg. No.: |
11-045509 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.117.980 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15100MH1987PTC045509 |
|
|
|
|
TIN No.: |
Not Available |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NGPH02489E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACH3628L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in manufacturing ready-to-eat snack food and beverages. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (74) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated 1987 engaged in manufacturing ready-to-eat
snack food and beverages. It offers salted snacks and canned sweets, bread,
cream doughnuts and rolls, puffs and pizza base products. For the financial year ended 2014, company has reported 21.02% sales
turnover growth as compared to previous sales turnover and it has maintained
decent profitability margins at 6.71% during the year under a review. Company possesses healthy financial profile marked by its adequate
networth base, sound liquidity position and favorable debt protection
indicators. Rating takes into consideration established position of the company in
the sweets and namkeen business supported by its entrenched distribution
network across western and southern India along with strong brand equity and
recognition of ‘Haldiram’ brand in the packaged food industry. However, rating strength partially offset by company’s profitability
remains exposed to the competition from branded packaged foods players as
well as local manufacturers and increasing working capital intensity of
operations. Trade relations are reported as fair. Payments are reported to be
regular and as per commitment. In view of aforesaid, the company can be considered good for normal
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 |
ICRA |
|
Rating |
Fund Based Limits = AA- |
|
Rating Explanation |
High degree of safety and very low credit
risk |
|
Date |
January 2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non Fund Based Limits = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk |
|
Date |
January 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 DECLINED
Management non-cooperative (91-712-2681191/92)
LOCATIONS
|
Registered
Office / Branch Office 1 : |
A 204, Shyam Kamal, Agrawal Market, Tejpal Road, Vile Parle (East),
Mumbai - 400057, Maharashtra, India |
|
Tel. No.: |
91-22-26130771 / 26170762 |
|
Fax No.: |
91-22-26145116 |
|
E-Mail : |
|
|
Website : |
|
|
Location
: |
Owned |
|
|
|
|
Head Office / Factory 1 : |
'Haldiram House', Plot No. 145/146, Old Pardi Naka, Bhandara Road,
Nagpur – 440008, Maharashtra, India |
|
Tel. No.: |
91-712 2681191 / 2681091 / 2681192 / 03 / 04 |
|
Fax No.: |
91-712-2680218 |
|
Area
: |
5000 Sq. Ft. |
|
Location
: |
Owned |
|
|
|
|
Factory 2 : |
Village Kapsi, Opposite Geetanjali Coolers, Bhandara Road, Nagpur, Maharashtra, India |
|
|
|
|
Branch Office 2
: |
#1213, 100 Feet Road, Hall II Stage, Indranagaram, Bangalore – 560008,
Karnataka, India |
|
Tel. No.: |
91-80-41154467 |
|
|
|
|
Branch Office 3
: |
Number 1/2, Peeran Streets, Saligram, Near AVM Studio, Opposite Sooriya
Hospital, Chennai – 600093, Tamilnadu, India |
|
Tel. No.: |
91-44-31062867 |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Rajendrakumar Shivkishan Agrawal |
|
Designation : |
Whole Time Director |
|
Address : |
918, Deshpande Layout, Wardhman Nagar, Nagpur – 440008, Maharashtra, India |
|
Date of Birth/Age : |
22.01.1960 |
|
Qualification : |
M.Com |
|
Date of Appointment : |
25.07.2010 |
|
PAN No.: |
ABFPA1041 |
|
DIN No.: |
00074439 |
|
|
|
|
Name : |
Mr. Sushilkumar Shivkishan Agrawal |
|
Designation : |
Director |
|
Address : |
918, Deshpande Layout, Wardhman Nagar, Nagpur – 440008, Maharashtra, India |
|
Date of Birth/Age : |
18.05.1967 |
|
Qualification : |
MBA |
|
Date of Appointment : |
01.12.2007 |
|
PAN No.: |
ABFPA1045F |
|
DIN No.: |
00074470 |
|
|
|
|
Name : |
Mr. Kamalkumar Shivkishan Agrawal |
|
Designation : |
Director |
|
Address : |
918, Deshpande Layout, Wardhman Nagar, Nagpur – 440008, Maharashtra, India |
|
Date of Birth/Age : |
05.08.1973 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
01.12.2007 |
|
PAN No.: |
ABFPA1043D |
|
DIN No.: |
00015010 |
|
|
|
|
Name : |
Mr. Srinivasrao Sambhashivrao Vinnokata |
|
Designation : |
Director |
|
Address : |
379 Subhan Nagar, Opposite H. B. Town Nagpur – 440008, Maharashtra, India |
|
Date of Birth/Age : |
24.08.1965 |
|
Qualification : |
M.Com |
|
Date of Appointment : |
01.04.2011 |
|
DIN No.: |
01257848 |
KEY EXECUTIVES
|
Name : |
Mr. Kailash Bansal |
|
Designation : |
Finance Manager |
|
|
|
|
Name : |
Mr. Shaisher Pandey |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Rajendra Agrawal |
|
1160891 |
|
Kamal Agrawal |
|
1128900 |
|
Sushil Agrawal |
|
1126116 |
|
Jamnadevi Agrawal |
|
534108 |
|
Premlata Agrawal |
|
517400 |
|
Sangeeta Agrawal |
|
579038 |
|
Reena Agrawal |
|
1087218 |
|
Neeraj Agrawal |
|
245009 |
|
Avin Agrawal |
|
290350 |
|
Vivek Agrawal |
|
374140 |
|
Vanshita Agrawal |
|
101500 |
|
Anshita Agrawal |
|
94800 |
|
Shivkishan Moolchand Agrawal
(HUF) |
|
32900 |
|
Rajendra Kumar Shivkishan
Agrawal (HUF) |
|
333500 |
|
Sushilkumar Shivkishan Agrawal
(HUF) |
|
7250 |
|
Kamalkumar Shivkishan Agrawal
(HUF) |
|
313592 |
|
Shivkishan Agrawal |
|
8408 |
|
Karishma Agrawal |
|
51837 |
|
Navya Agrawal |
|
134320 |
|
Haldiram Vitta and Viniyog
Private Limited, India |
|
1916000 |
|
Popular Suppliers Private
Limited, India |
|
1111290 |
|
Kasana Foods Private Limited
(Mohanlal) |
|
31460 |
|
Kunal Snacks Private Limited,
India |
|
447580 |
|
Goel Properties Private
Limited, India |
|
42000 |
|
Surabh Agrawal |
|
7250 |
|
Sagarmal Jugalkishoar Agrawal |
|
7250 |
|
Sunderlal Surana |
|
7250 |
|
Sarojdevi Agrawal |
|
4750 |
|
Mithlesh Agrawal |
|
7250 |
|
Rajendra Baid |
|
7250 |
|
Divyesh Thakkar |
|
7250 |
|
Bharat Thakkar |
|
7250 |
|
Mamta Agrawal |
|
8700 |
|
Dinesbhai Patel |
|
7250 |
|
Manidevi Bhararia |
|
4750 |
|
Deepak Maheshwari |
|
8700 |
|
Ila Vanjani |
|
7250 |
|
Laxmandas Gyanani |
|
7250 |
|
Niraj Agrawal |
|
29000 |
|
Total |
|
11798007 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
30.08 |
|
Directors or relatives of Directors |
68.84 |
|
Other top fifty shareholders |
1.08 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Sweets, Namkeens and Snacks Items. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
|
||||
|
|
|
||||
|
Agencies Held : |
-- |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information denied by management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Agrawal Chhallani and Company Chartered Accountants |
|
Address : |
51, New Colony, Nagpur – 440 001, Maharashtra, India |
|
Tel. No.: |
91-712-2544250 / 2544253 |
|
PAN No.: |
AASPC0224A |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13000000 |
Equity Shares |
Rs.10/- each |
Rs.130.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11798007 |
Equity Shares |
Rs.10/- each |
Rs.117.980 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 |
117.980 |
124.059 |
124.059 |
|
(b) Reserves & Surplus |
4543.278 |
3900.116 |
3050.972 |
|
(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) |
4661.258 |
4,024.175 |
3175.031 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
62.286 |
115.003 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
280.488 |
240.821 |
174.282 |
|
(c) Other long term
liabilities |
78.545 |
59.191 |
59.991 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities
(3) |
421.319 |
415.015 |
234.273 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
500.496 |
770.918 |
279.806 |
|
(b) Trade
payables |
681.887 |
422.211 |
465.434 |
|
(c) Other
current liabilities |
271.728 |
248.257 |
176.634 |
|
(d) Short-term
provisions |
15.513 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
1469.624 |
1441.386 |
921.874 |
|
|
|
|
|
|
TOTAL |
6552.201 |
5,880.576 |
4331.178 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
2850.367 |
2266.920 |
1758.779 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
394.334 |
598.082 |
606.048 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
183.329 |
175.389 |
28.852 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
41.078 |
65.067 |
61.951 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
3469.108 |
3105.458 |
2455.630 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
765.832 |
1029.828 |
379.705 |
|
(c) Trade
receivables |
326.420 |
304.656 |
238.182 |
|
(d) Cash
and cash equivalents |
905.096 |
838.843 |
811.179 |
|
(e)
Short-term loans and advances |
1085.745 |
601.791 |
446.482 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total Current
Assets |
3083.093 |
2775.118 |
1875.548 |
|
|
|
|
|
|
TOTAL |
6552.201 |
5880.576 |
4331.178 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
12245.225 |
10118.935 |
8653.618 |
|
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
||
|
|
EXPENSES |
|
|
|
||
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1346.474 |
1299.707 |
1089.915 |
||
|
|
|
|
|
|
||
|
Less |
INTEREST (D) |
23.259 |
15.999 |
14.24 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
1323.215 |
1283.708 |
1075.675 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
131.133 |
103.583 |
75.372 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
1192.082 |
1180.125 |
1000.303 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
370.055 |
356.028 |
323.117 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
822.027 |
824.097 |
677.186 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
NA |
NA |
12.277 |
|
|
|
|
Stores & Spares |
NA |
NA |
7.301 |
|
|
|
|
Capital Goods |
NA |
NA |
173.128 |
|
|
|
TOTAL IMPORTS |
NA |
NA |
192.706 |
||
|
|
|
|
|
|
||
|
|
Earnings / (Loss)
Per Share (Rs.) |
69.67 |
66.42 |
NA |
||
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 |
18.442 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operation |
1192.081 |
0.000 |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
6.71 |
8.14 |
7.83 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
11.00 |
12.84 |
12.59 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
19.95 |
23.11 |
27.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26 |
0.29 |
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.12 |
0.22 |
0.09 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.10 |
1.93 |
2.03 |
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 |
124.059 |
124.059 |
117.980 |
|
Reserves & Surplus |
3050.972 |
3900.116 |
4543.278 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
3175.031 |
4024.175 |
4661.258 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
115.003 |
62.286 |
|
Short Term borrowings |
279.806 |
770.918 |
500.496 |
|
Total
borrowings |
279.806 |
885.921 |
562.782 |
|
Debt/Equity
ratio |
0.088 |
0.220 |
0.121 |
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 |
8653.618 |
10118.935 |
12245.225 |
|
|
|
16.933 |
21.013 |
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
|
8653.618 |
10118.935 |
12245.225 |
|
Profit |
677.186 |
824.097 |
822.027 |
|
|
7.83% |
8.14% |
6.71% |
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 |
Yes |
|
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 |
No |
|
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 LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
30.256 |
26.517 |
|
Total |
30.256 |
26.517 |
OPERATIONS
The various products of the company are well accepted by the market and the company has earned a good name in the Food Processing Industry. The Company Launch New Brand Name “Mopleez” in market for packed Sweets and Nameens. The sweets and namkeen products of the Company virtually enjoy a monopoly market. This year company achieved export sales of Rs.776.375 Million compared previous year Rs.612.606 Million. The company has always focused on enhancing its competitive edges in cost leadership brand strengths, wide distribution network and innovative product development to expand its market in India and aboard.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10412967 |
27/09/2013 * |
260,000,000.00 |
HDFC Bank Limited |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B88705629 |
|
2 |
90229859 |
28/03/2014 * |
230,000,000.00 |
State Bank of India |
State Bank Of India, Bharat Nagar, Amravati Road, Nagpur, Maharashtra - 440010, India |
C02766277 |
|
3 |
90232464 |
01/02/1990 |
3,000,000.00 |
Maharashtra State Financial Corporation |
New Excelsior Bldg; 5; 7; 8 and 9th Fls, A.K. Nayak Marg, Mumbai, Maharashtra, India |
- |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.64.82 |
|
|
1 |
Rs.100.18 |
|
Euro |
1 |
Rs.73.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
9 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILITY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
74 |
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.