MIRA INFORM REPORT
|
Report No. : |
339562 |
|
Report Date : |
08.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
VNR SEEDS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Village Gomchi, Post Tendua, Near Nandanvan, Raipur – 492 099,
Chhattisgarh |
|
Tel. No.: |
91-788-3208800 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
23.12.2004 |
|
|
|
|
Com. Reg. No.: |
10-017187 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.245.822 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U00512CT2004PTC017187 |
|
|
|
|
IEC No.: |
1105006018 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JBPV00576C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCV0174D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter, Trader, Importer and Supplier of
Agro Seeds. |
|
|
|
|
No. of Employees
: |
250 (Approximately) |
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 901000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated on 23rd December, 2004. It is a part
of the VNR Group. It has satisfactory track record. Reserves of the company seems to be low during FY 2014. However,
general financial position of the company seems to be decent. The rating also takes into consideration extensive experience of its
promoters in the hybrid seeds industry. However, trade relations are reported as fair. Business is active.
Payment terms are reported to be slow but 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 |
CRISIL |
|
Rating |
Long-Term rating: BBB+ |
|
Rating Explanation |
Have moderate degree of safety and carry moderate credit risk. |
|
Date |
29.01.2015 |
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 PARTED BY
|
Name : |
Mr. Dushyant Sahu |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-771-3200334 |
|
Date : |
05.09.2015 |
LOCATIONS
|
Registered Office/ Research Farm : |
Village Gomchi, Post Tendua, Near Nandanvan, Raipur – 492 099,
Chhattisgarh, India |
|
Tel. No.: |
91-788-3208800-3204080 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location: |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Administrative Office/ Sales Office 1 : |
‘Ratnagiri Arcade’, 1st Floor, Near Kalda Nursing Home,
Opposite Rajkumar College, G.E. Road, Raipur – 492 001, Chhattisgarh, India |
|
Tel. No.: |
91-771-3200334 |
|
Fax No.: |
91-771-4280330 |
|
E-Mail : |
|
|
Location: |
Rented |
|
Locality : |
Commercial |
|
|
|
|
Factory : |
Bearing No.1, Sy.
No.23 and 24, Gundla Pochampally
Village, Medchal Mandal, |
|
|
|
|
Sales Office 2 : |
1st
Floor, No.1, Durga College Complex, K.K. Road, Raipur
– 492 001, Chhattisgarh, India |
DIRECTORS
AS ON 27.09.2014
|
Name : |
Mr. Vimal Chawda |
|
Designation : |
Managing Director |
|
Address : |
102, Village Gomchi, Post Tendua, Block - Dharsiwa, Raipur – 492
099, Chhattisgarh, India |
|
Date of Birth/Age : |
05.11.1971 |
|
Date of Appointment : |
23.12.2004 |
|
DIN No.: |
00959420 |
|
PAN No.: |
ACAPC6319A |
|
Other Directorship : |
|
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of
the Director/ Designated Partner |
Date of appointment at
current designation |
Original date of
appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U02001CT1998PTC012983 |
CHAWDA PLANTATIONS
PRIVATE LIMITED |
Director |
31/07/1998 |
31/07/1998 |
- |
Active |
NO |
|
2 |
U02001CT1998PTC012982 |
RAIPUR HORTICULTURAL FARM
PRIVATE LIMITED |
Director |
31/07/1998 |
31/07/1998 |
- |
Active |
NO |
|
3 |
U02001CT1998PTC013123 |
V.N.R.FARMS PRIVATE
LIMITED |
Director |
26/10/1998 |
26/10/1998 |
- |
Active |
NO |
|
4 |
U02001CT1998PTC012981 |
HEMA SEEDS PRIVATE
LIMITED |
Director |
27/03/1999 |
27/03/1999 |
- |
Active |
NO |
|
5 |
U00512CT2004PTC017187 |
VNR SEEDS PRIVATE LIMITED |
Managing director |
02/07/2012 |
23/12/2004 |
- |
Active |
NO |
|
6 |
U01403CT2009PTC021048 |
FORTUNE BIOSCIENCE
PRIVATE LIMITED |
Director |
11/02/2009 |
11/02/2009 |
- |
Active |
NO |
|
7 |
U01100CT2010PTC021698 |
DREAM AGRI RESEARCH
PRIVATE LIMITED |
Director |
31/03/2010 |
31/03/2010 |
- |
Active |
NO |
|
8 |
U01100CT2010PTC021714 |
FAST BIOTECH PRIVATE
LIMITED |
Director |
07/04/2010 |
07/04/2010 |
- |
Active |
NO |
|
9 |
U01403CT2011PTC022470 |
ARPA FRUITS PRIVATE
LIMITED |
Director |
12/05/2011 |
12/05/2011 |
- |
Active |
NO |
|
10 |
U01400CT2012PTC000139 |
VNR NURSERY PRIVATE
LIMITED |
Director |
30/01/2012 |
30/01/2012 |
- |
Active |
NO |
|
Name : |
Dr. Narayan Chawda |
|
Designation : |
Director |
|
Address : |
Village Gomchi, Post Tendua, Near Nandanvan, Raipur – 492 099,
Chhattisgarh, India |
|
Date of Birth/Age : |
28.07.1941 |
|
Date of Appointment : |
18.04.2005 |
|
DIN No.: |
00918150 |
|
PAN No.: |
AEOPC3825M |
|
Other Directorship : |
|
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of
the Director/ Designated Partner |
Date of appointment at
current designation |
Original date of
appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U02001CT1998PTC012983 |
CHAWDA PLANTATIONS
PRIVATE LIMITED |
Director |
31/07/1998 |
31/07/1998 |
- |
Active |
NO |
|
2 |
U02001CT1998PTC012981 |
HEMA SEEDS PRIVATE
LIMITED |
Director |
31/07/1998 |
31/07/1998 |
- |
Active |
NO |
|
3 |
U00512CT2004PTC017187 |
VNR SEEDS PRIVATE LIMITED |
Director |
18/04/2005 |
18/04/2005 |
- |
Active |
NO |
|
4 |
U01403CT2009PTC021048 |
FORTUNE BIOSCIENCE
PRIVATE LIMITED |
Director |
11/02/2009 |
11/02/2009 |
- |
Active |
NO |
|
Name : |
Mrs. Hema Chawda |
|
Designation : |
Director |
|
Address : |
Village Gomchi, Post Tendua, Near Nandanvan, Raipur – 492 099,
Chhattisgarh, India |
|
Date of Birth/Age : |
10.10.1975 |
|
Date of Appointment : |
23.12.2004 |
|
DIN No.: |
00959506 |
|
Other Directorship : |
|
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of
the Director/ Designated Partner |
Date of appointment at
current designation |
Original date of
appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U02001CT1998PTC012981 |
HEMA SEEDS PRIVATE
LIMITED |
Director |
31/07/1998 |
31/07/1998 |
- |
Active |
NO |
|
2 |
U02001CT1998PTC013123 |
V.N.R.FARMS PRIVATE
LIMITED |
Director |
26/10/1998 |
26/10/1998 |
- |
Active |
NO |
|
3 |
U00512CT2004PTC017187 |
VNR SEEDS PRIVATE LIMITED |
Director |
23/12/2004 |
23/12/2004 |
- |
Active |
NO |
|
4 |
U01403CT2009PTC021048 |
FORTUNE BIOSCIENCE
PRIVATE LIMITED |
Director |
11/02/2009 |
11/02/2009 |
- |
Active |
NO |
|
5 |
U02001CT1998PTC012983 |
CHAWDA PLANTATIONS
PRIVATE LIMITED |
Director |
24/02/2009 |
24/02/2009 |
- |
Active |
NO |
|
6 |
U01100CT2010PTC021698 |
DREAM AGRI RESEARCH
PRIVATE LIMITED |
Director |
31/03/2010 |
31/03/2010 |
- |
Active |
NO |
|
7 |
U01100CT2010PTC021714 |
FAST BIOTECH PRIVATE
LIMITED |
Director |
07/04/2010 |
07/04/2010 |
- |
Active |
NO |
|
8 |
U01403CT2011PTC022470 |
ARPA FRUITS PRIVATE
LIMITED |
Director |
18/11/2011 |
18/11/2011 |
- |
Active |
NO |
|
9 |
U01400CT2012PTC000139 |
VNR NURSERY PRIVATE
LIMITED |
Director |
30/01/2012 |
30/01/2012 |
- |
Active |
NO |
|
Name : |
Mr. Arvind Kumar Agrawal |
|
Designation : |
Director |
|
Address : |
3, Parmanand Nagar Marg, Behind School, Mohaba Bazar, Raipur – 492
001, Chhattisgarh, India |
|
Date of Birth/Age : |
19.12.1971 |
|
Date of Appointment : |
02.02.2009 |
|
DIN No.: |
02473894 |
|
PAN No.: |
ACIPA2079D |
|
Other Directorship : |
|
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of
the Director/ Designated Partner |
Date of appointment at
current designation |
Original date of
appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U00512CT2004PTC017187 |
VNR SEEDS PRIVATE LIMITED |
Director |
10/08/2010 |
02/02/2009 |
- |
Active |
NO |
|
2 |
U01122CT2009PTC021053 |
MAI AGRI IMPEX PRIVATE
LIMITED |
Director |
17/02/2009 |
17/02/2009 |
27/01/2015 |
Active |
NO |
|
3 |
AAD-5462 |
DANTESHWARI BUILDWEALTH
LLP |
Designated Partner |
16/03/2015 |
16/03/2015 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Ms.
Sakshi Chauhan |
|
Designation : |
Secretary |
|
Address : |
182,
Allahabad Bank, Cloth Market, Kumhari, Durg – 490 042, Chhattisgarh, India |
|
Mobile No.: |
91-7566890010 |
|
Date of Birth/ Age : |
11.06.1993 |
|
Date of Appointment : |
26.03.2015 |
|
PAN No..: |
BCCPC7191P |
|
|
|
|
Name : |
Mr. Dushyant Sahu |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Vimal Chawda |
|
4550000 |
|
Hema Chawda |
|
455000 |
|
Narayan Chawda |
|
3850000 |
|
Velu Chawda |
|
1592500 |
|
Raipur Horticultural Farm Private Limited, |
|
2625000 |
|
VNR Farms Private Limited, |
|
2555000 |
|
Hema Seeds Private Limited, |
|
2450000 |
|
Chawda Plantations Private Limited, |
|
2450000 |
|
Nirmala Chauhan |
|
40950 |
|
Sanjay Kumar Chauhan |
|
40950 |
|
Anuradha Chauhan |
|
40950 |
|
Byas Narayan Agrawal |
|
1137500 |
|
Bhagwati Devi Agrawal |
|
227500 |
|
Muktamani Agrawal |
|
682500 |
|
Rama Jalchhatri |
|
81900 |
|
Arvind Agrawal |
|
1802500 |
|
Total
|
|
24582250 |
AS ON 27.09.2014
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
99.17 |
|
Other
top fifty shareholders |
|
0.83 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter, Trader, Importer and Supplier of
Agro Seeds. |
|
|
|
|
Products : |
Vegetable, Cereal and Fruit Seeds |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
|
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
|
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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|
|
|
||||||||||||||||||||||
|
Customers : |
End Users
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
250 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
State Bank of India, Phaphadin, Raipur, Chhattisgarh, India |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Animesh Agrawal and Associates Chartered Accountants |
|
Address : |
Purani Basti, Baniya Para, Raipur, Chhattisgarh,
India |
|
Income-tax
PAN of auditor or auditor's firm : |
AHQPA9728C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
VNR Group of Companies (As per indirect source) : |
|
CAPITAL STRUCTURE
AS ON 27.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
40000000 |
Equity Shares |
Rs.10/- each |
Rs.400.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
24582250 |
Equity Shares |
Rs.10/- each |
Rs.245.822 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 |
245.822 |
245.822 |
137.970 |
|
(b) Reserves & Surplus |
69.535 |
16.388 |
117.502 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
2.500 |
|
Total Shareholders’ Funds (1) + (2) |
315.357 |
262.210 |
257.972 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
7.561 |
10.029 |
30.563 |
|
(b) Deferred tax liabilities (Net) |
1.780 |
0.000 |
0.162 |
|
(c) Other long term liabilities |
0.707 |
0.000 |
0.000 |
|
(d) Long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
10.048 |
10.029 |
30.725 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
94.376 |
319.096 |
352.733 |
|
(b) Trade payables |
35.898 |
29.732 |
63.525 |
|
(c) Other current liabilities |
147.842 |
91.651 |
81.911 |
|
(d) Short-term provisions |
20.065 |
27.788 |
15.380 |
|
Total Current Liabilities (4) |
298.181 |
468.267 |
513.549 |
|
|
|
|
|
|
TOTAL |
623.586 |
740.506 |
802.246 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
130.179 |
126.611 |
113.285 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.244 |
0.115 |
2.647 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
5.174 |
0.000 |
|
(d)
Long-term Loan and Advances |
3.278 |
1.719 |
0.214 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
133.701 |
133.619 |
116.146 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
295.992 |
432.740 |
499.704 |
|
(c) Trade receivables |
134.168 |
95.206 |
73.282 |
|
(d) Cash and cash equivalents |
9.639 |
9.820 |
21.410 |
|
(e) Short-term loans and advances |
46.038 |
64.131 |
88.243 |
|
(f) Other current assets |
4.048 |
4.990 |
3.461 |
|
Total Current Assets |
489.885 |
606.887 |
686.100 |
|
|
|
|
|
|
TOTAL |
623.586 |
740.506 |
802.246 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
850.000 (Approximately) |
NA |
NA |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
53.148 |
24.238 |
11.280 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
18.066 |
34.075 |
0.940 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
2.16 |
0.99 |
NA |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
1150.000 |
|
|
|
|
|
The above information has been parted by Mr. Dushyant Sahu (Accounts Executive).
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities of long-term debt |
6.108 |
1.473 |
0.000 |
|
Cash generated
from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
72.865 |
122.564 |
(99.395) |
|
Net cash flows from (used in) operating
activities |
57.144 |
118.914 |
(101.287) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.34 |
1.26 |
1.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.64 |
1.30 |
1.34 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs. In Million |
Rs. In Million |
Rs. In Million |
|
Share Capital |
137.970 |
245.822 |
245.822 |
|
Reserves & Surplus |
117.502 |
16.388 |
69.535 |
|
Share Application money
pending allotment |
2.500 |
0.000 |
0.000 |
|
Net worth |
257.972 |
262.210 |
315.357 |
|
|
|
|
|
|
Long-term borrowings |
30.563 |
10.029 |
7.561 |
|
Short term borrowings |
352.733 |
319.096 |
94.376 |
|
Current Maturities of
Long term debt |
0.000 |
1.473 |
6.108 |
|
Total borrowings |
383.296 |
330.598 |
108.045 |
|
Debt/Equity ratio |
1.486 |
1.261 |
0.343 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity-Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last two 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 |
31.03.2014 (Rs. in Million) |
31.03.2013 (Rs. in Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Rupee term loans from banks |
0.000 |
2.500 |
|
SHORT-TERM BORROWINGS |
|
|
|
Loans and advances from others |
7.800 |
0.000 |
|
Loans taken for other fixed assets |
27.500 |
0.000 |
|
Total |
35.300 |
2.500 |
INDEX
OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10138718 |
19/08/2013 * |
515,000,000.00 |
BANK OF BARODA |
MAIN BRANCH, MAHAVIR
GOSHALA COMPLEX, K.K. ROAD, RAIPUR, CHHATTISGARH - 492001, INDIA |
B84571777 |
* Date of charge modification
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and Equipments
·
Furniture and Fixtures
·
Vehicles
·
Computer Equipments
·
Office 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.66.74 |
|
UK Pound |
1 |
Rs.101.36 |
|
Euro |
1 |
Rs.74.27 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SMN |
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 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
YES |
|
--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.