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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

503316

Report Date :

13.04.2018

 

 

IDENTIFICATION DETAILS

 

Name :

ORGANICA AROMATICS PRIVATE LIMITED (w.e.f 22.07.2004)

 

 

Formerly Known As :

ORGANICA AROMATICS (BANGALORE) PRIVATE LIMITED

 

 

Registered Office :

19/1 and 19/2, I Main, II Phase, Peenya Industrial Area,  Bangalore -560058, Karnataka

Tel. No.:

91-80-27735252

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

20.08.1999

 

 

Com. Reg. No.:

08-025623

 

 

Capital Investment / Paid-up Capital :

INR 48.260 Million

 

 

CIN No.:

[Company Identification No.]

U24249KA1999PTC025623

 

 

IEC No.:

[Import-Export Code No.]

Not Divulged

 

 

PAN No.:

[Permanent Account No.]

AAACO3511F

 

 

GSTN :

[Goods & Service Tax Registration No.]

29AAACO3511FZS

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturing, Exporting and Selling of aroma fine chemicals and specialty chemicals.  (Registered Activity and also Confirmed by management)

 

 

No. of Employees :

130 (Approximately)

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Maximum Credit Limit :

USD 350000

 

 

Status :

Satisfactory 

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated in the year 1999. The company is a manufacturer and exporter of aroma fine chemicals and specialty chemicals.

 

As per the financial of 2017, the company has achieved a favourable growth of 36.64% in its revenue as compared to the previous year’s revenue and has reported a profitability margin of 0.37%

 

The company possesses satisfactory financial position marked by adequate net worth base along with average debt balance sheet profile.

 

Business is active. Payment seems to be slow but correct.

 

In view of aforesaid, the company can be considered for business dealings at usual trade terms and condition.

 

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

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

Not Available

Rating

Not Available

Rating Explanation

Not Available

Date

Not Available

 

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 31-03-2018.

 

BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS

 

Subject’s name is not listed as a Sick Unit in the publicly available BIFR (Board for Industrial & Financial Reconstruction) list as of 12.04.2018

 

IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS

 

Subject’s name is not listed in the publicly available IBBI (Insolvency and Bankruptcy Board of India) list as of report date1.

INFORMATION PARTED BY

 

Name :

Mrs. Anita Santosh

Designation :

Assistant Manager

Contact No.:

91-9845332762

Date :

11.04.2018

 

 

LOCATIONS

 

Registered Office /Corporate Office:

19/1 and 19/2, I Main, II Phase, Peenya Industrial Area,  Bangalore -560058, Karnataka, India

Tel. No.:

91-80-28397973-75, 78

Mobile No.:

91-9845332762 / 9995850255 (Mrs. Anita Santosh)

Fax No.:

91-80-28373036 /28373035

E-Mail :

info@organicaaroma.com

vilas@organicaaroma.com

Website :

http://www.organicaaroma.com

Location :

Owned

Locality :

Commercial

 

 

Factory :

Plot No.5B and 4O, Dobaspet KIADB Industrial area,  Sompura Hobli, Yedihalli Village, Nelamangala Taluk, Bangalore – 562111, Karnataka, India

Tel. No.:

91-80-27735252, 27735152

 

 

Overseas Office:

Located at:

 

  • Europe
  • Japan
  • United states of America

 

 

DIRECTORS

 

As on 31.03.2017

 

Name :

Dr. Rattna Sagar Sood

Designation :

Managing Director

Address :

Platinum City, Block No. E, Flat No. 1109, Site No. 2, HMT Watch Factory Road Off Yeshwanthpur, Peenya, Bangalore – 560022, Karnataka, India

Date of Birth/Age :

22.03.1945

Date of Appointment :

02.05.2012

DIN No.:

03009630

 

 

Name :

Madhu Subramanian

Designation :

Managing Director

Address :

2 Hartshorne Drive, Clarksburge – 085101627

Date of Birth/Age :

06.10.1967

Date of Appointment :

01.04.2017

DIN No.:

06899763

Other Directorship :

CIN/FCRN

Company Name

Begin Date

End Date

U24249KA1991PLC011880

SAMI LABS LIMITED

21/06/2014

-

 

Name :

Dr. Muhammed Majeed

Designation :

Director

Address :

No. 367, 2nd Main, 2nd Cross, 2nd Stage, RMV Extension, Bangalore – 560094, Karnataka, India

Date of Birth/Age :

25.09.1946

Date of Appointment :

20.08.1999

DIN No.:

00175696

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U15494KA2001PLC029745

AMERICAN FORMULARY LIMITED

09/11/2001

-

U24246KA2004PTC034218

JOHARA LIFE SCIENCES PRIVATE LIMITED

28/06/2004

-

U24246KA2005PTC035678

SABINSA LIFE SCIENCES PRIVATE LIMITED

23/02/2005

-

U24249KA1991PLC011880

SAMI LABS LIMITED

26/04/2011

-

U51397KL2005PTC018174

JMM MARKETING SYSTEM PRIVATE LIMITED

09/05/2005

-

U72900KA2005PTC035677

EDKAL BUSINESS SOLUTIONS PRIVATE LIMITED

23/02/2005

-

U74140KA2015PTC082865

SAMI BIOTECH INDIA PRIVATE LIMITED

15/09/2015

-

U74920KA2007PTC044106

MM CORPORATE SECURITY SERVICES PRIVATE LIMITED

12/10/2007

-

U85195KA2003PTC031826

CLINWORLD PRIVATE LIMITED

16/04/2003

-

 

 

KEY EXECUTIVES

 

Name :

Mrs. Anita Santosh

Designation :

Assistant Manager

 

 

MAJOR SHAREHOLDERS

 

As on 27.09.2017

 

Names of Shareholders

 

No. of Shares

Muhammed Majeed

 

449980

Rattna Sagar Sood

 

10

Shaheen Muhammed Majeed

 

10

Hanbuty FZE

 

32600

Total

 

482600

 

Equity Share Break up (Percentage of Total Equity)

 

As on 27.09.2017

 

Category

Percentage

Promoters (Individual/Hindu Undivided Family – Indian)

93.24077911

Public/Other than promoters (Individual/Hindu Undivided Family – Indian)

0.00207211

Public/Other than promoters (Body corporate)

6.75507667

Public/Other than promoters (Individual/Hindu Undivided Family – Foreign national (other than NRI))

0.00207211

Total 

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturing, Exporting and Selling of aroma fine chemicals and specialty chemicals.  (Registered Activity and also Confirmed by management)

 

 

Products / Services :

Item Code No.

Products/Services Description

33029019

Other Mixture Of Aromatic Chemicals and essential Oil

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Products :
  • Aroma Fine Chemicals and Specialty Chemical

Countries :
  • Germany
  • United States of America
  • United Kingdom

 

 

Imports :

Not Available

 

 

Terms :

Not Divulged 

 

PRODUCTION STATUS – (NOT AVAILABLE)

 

GENERAL INFORMATION

 

Suppliers :

 

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

Manufacturer

 

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

130 (Approximately)

 

 

Bankers :

 

Banker Name :

Axis Bank Limited

Branch :

Trishul, 3rd Floor, Opposite to Samartheshwar Temple Law Garden, Ellis Bridge, Ahmedabad-380006, Gujarat, India

Person Name (With Designation) :

--

Contact Number :

--

Name of Account Holder :

--

Account Number :

--

Account Since (Date/Year of Account Opening) :

--

Average Balance Maintained :

--

Credit Facilities Enjoyed (CC/OD/Term Loan) :

--

Account Operation :

--

Remark :

--

 

 

Facilities :

Secured Loan

31.03.2017

(INR in Million)

31.03.2016

(INR in Million)

Long-term Borrowings

 

 

Rupee Term Loans From Banks

13.882

24.407

Less: Current maturities of long term borrowings

(8.938)

(8.563)

Vehicle Loans

 

 

-from bank

0.546

1.070

Less: Current maturities of long term borrowings

(0.464)

(0.524)

-from others

0.169

0.274

Less: Current maturities of long term borrowings

(0.116)

(0.104)

 

 

 

Short-term borrowings

 

 

Rupee working capital loans from banks

83.933

68.268

Foreign currency working capital loans from banks

18.703

12.509

 

 

 

Total

107.715

97.337

Notes:

 

Long-term Borrowings

 

Rupee term loans from bank are secured by way of hypothecation of plant and machinery and other movable assets both present and future. The loans carry an interest rate of 11.80% to 12.15%. The tenue of the loans rage from 34 to 47 months

 

Vehicle loans from banks and others are secured by hypothecation of vehicle acquired out of such loan. The loans carry an interest rate in the range of 10.50% - 10.80 per annum. The tenure of the loans range from 35 to 60 months.

 

Short-term borrowings

Rupee working capital loans from bank are secured by hypothecation on stock and receivable. The loans carry interest rate in the range of 12.00% to 12.15%. The loans are repayable on demand with maximum ranging from 180 days to 365 days.

 

Foreign currency working capital loans from bank are secured by hypothecation on stock and receivable. The loans carry interest rate of LIBOR +4% and 11.50% to 12.50%. The loans are repayable on demand with maximum ranging from 180 days to 365 days

 

Auditors :

 

Name :

R S C A and Company

Chartered Accountants

Address :

No.229,2nd Floor,24th Cross,15th Main, Opposite Indian Bank, Banashankari 2nd Stage, Bangalore – 560070, Karnataka, India

Tel. No.:

91-80-48544614

E-Mail :

contactus@rsca.co.in

Income-tax PAN of auditor or auditor's firm :

AASFR8580N

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Other Related Parties (Company in which key managerial personnel is substantially interested) :
  • Sabinsa Corporation , Japan
  • Sabinsa Corporation , USA
  • Sabinsa Korea Corporation , Korea
  • Sami Labs Limited
  • Sabina Corporation Europe, GmbH
  • Hanbury FZE, Dubai
  • Organica Aromatics Corporation
  • Edkal Business Solutions Private Limited
  • MM Corporate Security Services Private Limited
  • Sami Labs Limited
  • Sami Direct Marketing Private Limited

 

 

CAPITAL STRUCTURE

 

As on 27.09.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

500000

Equity Shares

INR 100/- each

INR 50.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

482600

Equity Shares

INR 100/- each

INR 48.260 Million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are INR Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.03.2017

31.03.2016

31.03.2015

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

48.260

48.260

45.000

(b) Reserves & Surplus

74.460

72.489

41.178

(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)

122.720

120.749

86.178

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

33.560

64.260

36.050

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

4.673

4.063

5.692

Total Non-current Liabilities (3)

38.233

68.323

41.742

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

102.636

80.777

101.042

(b) Trade payables

106.605

57.842

158.634

(c) Other current liabilities

15.028

12.450

7.608

(d) Short-term provisions

2.708

2.522

0.976

Total Current Liabilities (4)

226.977

153.591

268.260

 

 

 

 

TOTAL

387.930

342.663

396.180

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

76.624

76.523

61.893

(ii) Intangible Assets

0.986

1.115

1.379

(iii) Capital work-in-progress

0.000

0.000

0.000

(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)

6.609

3.406

3.904

(d) Cash and bank balance

4.017

4.844

0.000

(e)  Long-term Loan and Advances

7.735

7.649

4.294

(f) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

95.971

93.537

71.470

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

111.373

84.782

100.276

(c) Trade receivables

129.092

121.487

174.300

(d) Cash and cash equivalents

5.323

5.235

4.316

(e) Short-term loans and advances

45.619

37.397

45.818

(f) Other current assets

0.552

0.225

0.000

Total Current Assets

291.959

249.126

324.710

 

 

 

 

TOTAL

387.930

342.663

396.180

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Income

529.497

387.523

320.819

 

Other Income

3.614

8.328

1.540

 

TOTAL

533.111

395.851

322.359

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Raw Materials and Components Consumed

342.038

281.469

200.995

 

(Increase) /Decrease in Inventories

27.509

-5.835

(19.093)

 

Employees benefits expense

36.364

37.212

42.353

 

Other expenses

93.096

58.807

73.548

 

TOTAL

499.007

371.653

297.803

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

34.104

24.198

24.556

 

 

 

 

 

Less

FINANCIAL EXPENSES

12.428

12.080

12.486

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

21.676

12.118

12.070

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

16.442

8.544

8.976

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

5.234

3.574

3.094

 

 

 

 

 

Less

TAX

3.263

1.603

1.551

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

1.971

1.971

1.543

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

Sale of goods

395.381

217.156

179.184

 

TOTAL EARNINGS

395.381

217.156

179.184

 

 

 

 

 

 

IMPORTS

 

 

 

 

Raw Materials

65.897

46.667

40.621

 

TOTAL IMPORTS

65.897

46.667

40.621

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

4.08

4.25

3.43

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2017

31.03.2016

31.03.2015

Current Maturities of Long term debt

9.518

9.192

2.610

Cash generated from operations

42.867

0.769

1.775

Net cash flows from (used in) operations

NA

NA

NA

Net cash flows from (used in) operating activity

36.402

(0.335)

(0.362)

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

88.99

114.43

198.30

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

4.10

3.19

1.84

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

113.76

75.01

288.07

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

0.31

0.29

0.24

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

0.44

0.31

0.39

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.70

0.66

0.77

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

1.19

1.28

1.62

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

1.85

1.27

3.11

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.63

0.64

0.73

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

2.74

2.00

1.97

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

((PAT / Sales) * 100)

%

0.37

0.51

0.48

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

0.51

0.58

0.39

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

1.61

1.63

1.79

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

1.29

1.62

1.21

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

0.80

1.07

0.84

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.32

0.35

0.22

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

3.02

3.20

3.10

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.29

1.62

1.21

 

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

FINANCIAL ANALYSIS

[all figures are in INR Million]

 

 

DEBT EQUITY RATIO

 

Particular

31.03.2015

31.03.2016

31.03.2017

 

INR In Million

INR In Million

INR In Million

Share Capital

45.000

48.260

48.260

Reserves & Surplus

41.178

72.489

74.460

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

0.000

0.000

0.000

Net worth

86.178

120.749

122.720

 

 

 

 

long-term borrowings

36.050

64.260

33.560

Short term borrowings

101.042

80.777

102.636

Current maturities of long-term debts

2.610

9.192

9.518

Total borrowings

139.702

154.229

145.714

Debt/Equity ratio

1.621

1.277

1.187

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2015

31.03.2016

31.03.2017

 

INR In Million

INR In Million

INR In Million

Sales

320.819

387.523

529.497

 

 

20.792

36.636

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2015

31.03.2016

31.03.2017

 

INR In Million

INR In Million

INR In Million

Sales

320.819

387.523

529.497

Profit

1.543

1.971

1.971

 

0.48%

0.51%

0.37%

 

 

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 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

No

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 was incorporated in Bangalore, India on August 20, 1999, as a private limited company under the companies act, 1956. The company is engaged in manufacturing and exporting and sale of aroma fine chemicals and specialty chemicals

 

OPERATIONS

The company has made total revenue of INR 533.111 million when compared to INR 395.851 million in last year. This year too the profit after tax stood at INR 1.971 million the directors will strive to increase the turnover and profits during the current year

 

UNSECURED LOAN

 

PARTICULAR

31.03.2017

(INR in Million)

31.03.2016

(INR in Million)

Long-term Borrowings

 

 

Loan from directors

28.481

31.447

Loan from related parties

0.000

16.253

Total

28.481

47.700

 

INDEX OF CHARGES

 

SNo

SRN

Charge Id

Charge Holder Name

Date of Creation

Date of Modification

Date of Satisfaction

Amount

Address

1

G44307536

100098787

Axis Bank Limited

15/03/2017

-

-

1033000.0

TRISHUL', 3RD FLOOR, OPPOSITE TO SAMARTHESHWAR TEMPLELAW GARDEN, ELLIS BRIDGE AHMEDABAD-380006 GUJARAT INDIA

2

C58660937

10579467

Axis Bank Limited

24/06/2015

-

-

1249000.0

TRISHUL', 3RD FLOOR, OPP TO SAMARTHESHWAR TEMPLELAW GARDEN, ELLIS BRIDGE AHMEDABAD-380006 GUJARAT INDIA

3

C09064155

10505631

DBS Bank Limited

23/05/2014

-

-

8800000.0

SALARPURIA WINSOR NO.3 (OLD NO.10)ULSOOR ROAD, WARD NO.78 BANGALORE-560042 KARNATAKA INDIA

4

C21480355

10505804

DBS Bank Limited

23/05/2014

12/09/2014

-

98308000.0

SALARPURIA WINSOR NO.3 (OLD NO.10)ULSOOR ROAD, WARD NO.78 BANGALORE-560042 KARNATAKA INDIA

5

C21475389

10505834

DBS Bank Lt Limited d

23/05/2014

12/09/2014

-

25200000.0

SALARPURIA WINSOR NO.3 (OLD NO.10)ULSOOR ROAD, WARD NO.78 BANGALORE-560042 KARNATAKA INDIA

6

Y10302456

90200557

UTI BANK LIMITED

27/11/2000

27/11/2005

-

2500000.0

MAIN BRANCH; M.G. ROAD BANGALORE-560001 KARNATAKA INDIA

7

C17161878

90197861

Axis Bank Limited

27/11/2000

22/08/2014

-

55346667.0

CORPORATE BANKING BRANCH EXPRESS BUILDING,NO.1, II FLOOR, QUEENS ROAD,BANGALORE-560001 KARNATAKA INDIA

8

A64604028

80054516

EXPORT-IMPORT BANK OF INDIA

06/02/2004

-

09/06/2009

45200000.0

CUFFE PARADE, MUMBAI-400005 MAHARASHTRA INDIA

 

 

FIXED ASSETS

  • Leasehold Property
  • Building
  • Plant and Machinery
  • Lab equipment
  • Office Equipment
  • Electrical Installations
  • Furniture and Fixture
  • Computer Vehicle
  • Software

 

 

 

 

 

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 records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

 

2]         Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

 

3]         Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

 

4]         Record on Financial Crime :

            Charges or conviction registered against subject:                                                           None

 

5]         Records on Violation of Anti-Corruption Laws :

            Charges or investigation registered against subject:                                                        None

 

6]         Records on Int’l Anti-Money Laundering Laws/Standards :

            Charges or investigation registered against subject:                                                        None

 

7]         Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

 

8]         Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

 

9]         Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

 

10]        Press Report :

            No press reports / filings exists on the subject.

 

CORPORATE GOVERNANCE

 

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

 

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

 

 

CONTRAVENTION

 

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

 

FOREIGN EXCHANGE RATES

 

Currency

 
Unit

INR

US Dollar

1

INR 65.06

UK Pound

1

INR 91.50

Euro

1

INR 79.77

 

 

INFORMATION DETAILS

 

Information Gathered by :

POON

 

 

Analysis Done by :

NYT

 

 

Report Prepared by :

RKI

 

 

SCORE FACTORS

 

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

 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.