|
|
|
MIRA INFORM REPORT
|
Report No. : |
493937 |
|
Report Date : |
27.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
AL AMMAR FROZEN FOODS EXPORTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
8358, FF, Model Basti Sadar Bazar, Near Pahar Ganj, Delhi - 110006 |
|
Tel. No.: |
91-11-23635581 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
04.06.2017 |
|
|
|
|
Com. Reg. No.: |
55-267796 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 61.992 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15118DL2014PTC267796 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax Registration No.] |
07AAMCA6593K1Z1 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAMCA6593K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Dealer of Meat Products, Sea Foods, Poultry,
Eggs, Dairy Product, Fruits and Vegetables. (Memorandum of Association) |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Yet to commence commercial operation |
|
|
|
|
Payment Behaviour : |
Unknown |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Al Ammar Frozen Foods Exports Private Limited (AAFFEPL) was incorporated
in June 2014 to manufacture and export frozen meat and meat products. The
company is yet to commence production as the company’s project is still under
the process of establishing its factory in Aligarh site. For the financial year ended 2017, the company has registered some
pre-operative expenses. Rating also takes into consideration company’s delay in meeting term
loan obligation because stretched liquidity on account of delay in
commercialization of its project. Payment terms are unknown. In view of aforesaid, the concern can be considered for business
dealings on safe and secured 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 |
CRISIL |
|
Rating |
Long Term Rating D |
|
Rating Explanation |
The company is in default or expected to be in default soon |
|
Date |
27.11.2017 |
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
31-03-2016.
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 27.02.2018
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
date.
LOCATIONS
|
Registered Office : |
8358, FF, Model Basti Sadar Bazar, Near Pahar Ganj, Delhi - 110006 |
|
Tel. No.: |
91-11-23635581 |
|
Mobile No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
|
|
|
|
|
Factory : |
Village Amarpur Kondla, Tehsil: Koil, Mathura By pass Road, District: Aligarh-202001, Uttar Pradesh, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Asif Qureshi |
||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||
|
Address : |
House No-6349, Gali Jumman Wali, Idgah Road, Near Tikona Park, Delhi 110006, India |
||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
23.02.1991 |
||||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||||||||||||
|
PAN No : |
AAKPQ9234C |
||||||||||||||||||||||||||||||
|
Date of Appointment : |
16.09.2014 |
||||||||||||||||||||||||||||||
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DIN No : |
06774407 |
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Other Directorship:
|
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|
||||||||||||||||||||||||||||||
|
Name : |
Mr. Mohd Atif |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||
|
Address : |
8358, Model Basti Sadar Bazar, Delhi – 110006, India |
||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
21.06.1979 |
||||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||||||||||||
|
PAN No : |
AFFPA1659F |
||||||||||||||||||||||||||||||
|
Date of Appointment : |
04.06.2014 |
||||||||||||||||||||||||||||||
|
DIN No : |
02411453 |
||||||||||||||||||||||||||||||
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Other Directorship:
|
|||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
|
|
Designation : |
Company Secretary |
|
Address : |
S-698, 2nd Floor, Shakarpur School, New Delhi -110092, India |
|
Date of Appointment : |
18.08.2017 |
|
PAN No: |
AVHPA1064G |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Mohd Atif |
|
3604990 |
|
|
1499010 |
|
|
Asad Hussain Khan |
|
476190 |
|
Abdul Latheef |
|
142857 |
|
Anvar Ameen Chelat |
|
476190 |
|
Total |
|
6199237 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
82.33 |
|
Public/Other than promoters (Non-resident Indian) |
17.67 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer of Meat Products, Sea Foods, Poultry, Eggs,
Dairy Product, Fruits and Vegetables. (Memorandum of Association) |
|
|
|
|
Products : |
|
|
|
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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|
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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 : |
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|
Auditors : |
|
|
Name : |
Nagar Goel and Chawla Chartered Accountants |
|
Address : |
C-23, Usha Niketan, Safdarjung, Development Area, Delhi, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFN2664F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
INR 10/- each |
INR 70.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6199237 |
Equity Shares |
INR 10/- each |
INR 61.992 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET [STANDALONE]
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
61.992 |
57.230 |
0.100 |
|
(a) Share Capital |
101.461 |
57.115 |
(0.862) |
|
(b) Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
(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 |
163.453 |
114.345 |
(0.762) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
80.262 |
50.852 |
0.000 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities
|
80.262 |
50.852 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
31.687 |
19.000 |
33.480 |
|
(b) Trade
payables |
19.233 |
11.523 |
2.438 |
|
(c) Other
current liabilities |
12.358 |
12.097 |
11.743 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities |
63.278 |
42.620 |
47.661 |
|
|
|
|
|
|
TOTAL |
306.993 |
207.817 |
46.899 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
45.142 |
42.593 |
42.379 |
|
(ii)
Intangible Assets |
0.008 |
0.014 |
0.000 |
|
(iii)
Capital work-in-progress |
238.850 |
127.328 |
2.742 |
|
(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) |
0.136 |
0.014 |
0.015 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
284.136 |
169.949 |
45.136 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
0.000 |
0.000 |
0.000 |
|
(d) Cash
and cash equivalents |
3.497 |
15.250 |
1.686 |
|
(e)
Short-term loans and advances |
9.654 |
15.816 |
0.077 |
|
(f) Other
current assets |
9.706 |
6.802 |
0.000 |
|
Total
Current Assets |
22.857 |
37.868 |
1.763 |
|
|
|
|
|
|
TOTAL |
306.993 |
207.817 |
46.899 |
PROFIT
& LOSS ACCOUNT [STANDALONE]
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
0.000 |
0.000 |
0.000 |
|
|
Other Income |
0.523 |
0.157 |
0.000 |
|
|
TOTAL |
0.523 |
0.157 |
0.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employee benefit expense |
0.240 |
0.235 |
0.135 |
|
|
Other expenses |
0.338 |
0.691 |
0.730 |
|
|
TOTAL |
0.578 |
0.926 |
0.865 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
(0.055) |
(0.769) |
(0.865) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.014 |
0.025 |
0.011 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(0.069) |
(0.794) |
(0.876) |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
0.944 |
0.039 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(1.013) |
(0.833) |
(0.876) |
|
|
|
|
|
|
|
Less |
TAX |
(0.122) |
0.000 |
(0.015) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(0.891) |
(0.833) |
(0.861) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(0.144) |
(0.146) |
(0.150) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
10.215 |
(13.884) |
13.239 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
10.215 |
(13.884) |
13.239 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Total Income * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Total Income /
Sundry Debtors) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.00 |
0.00 |
(0.02) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.47 |
0.45 |
1.02 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.68 |
0.61 |
(43.94) |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.39 |
0.37 |
(62.55) |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.74 |
1.49 |
(59.21) |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
(3.93) |
(30.76) |
(78.64) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Total
Sales) * 100) |
% |
(170.36) |
(530.57) |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(0.29) |
(0.40) |
(1.84) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(0.55) |
(0.73) |
112.99 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.36 |
0.89 |
0.04 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.36 |
0.89 |
0.04 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.53 |
0.55 |
(0.02) |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1.81 |
1.22 |
334.80 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.36 |
0.89 |
0.04 |
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 |
0.100 |
57.230 |
61.992 |
|
Reserves & Surplus |
(0.862) |
57.115 |
101.461 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
(0.762) |
114.345 |
163.453 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
50.852 |
80.262 |
|
Short term borrowings |
33.480 |
19.000 |
31.687 |
|
Current maturities of
long-term debts |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
33.480 |
69.852 |
111.949 |
|
Debt/Equity
ratio |
(43.937) |
0.611 |
0.685 |
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) |
|
Total Income |
0.000 |
0.157 |
0.523 |
|
|
|
|
233.121 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
in Million) |
(INR
in Million) |
(INR
in Million) |
|
Total Income |
0.000 |
0.157 |
0.523 |
|
Profit/ (Loss) |
(0.861) |
(0.833) |
(0.891) |
|
|
|
(530.57%) |
(170.36%) |
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 |
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 |
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 |
No |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
No |
|
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 |
STATE OF AFFAIRS:
There has been no change in the business of the Company during the
financial year ended 31st March,
2017.
The highlights of the Company’s performance
are as under:-
a) Total Revenue is INR 0.523 Million against INR 0.157 Million
revenue for the last year.
b) Net loss for the year is INR 0.891 Million against loss of INR
0.833 Million for the last year.
c) Earnings per share is INR (0.14) against
INR (0.15) for the last year.
REVIEW OF BUSINESS
OPERATIONS AND FUTURE PROSPECTS
Since, the company is still under the process of establishing its
factory in Aligarh site. Therefore, the company has not generated any revenue
during the said period. However, the directors are optimistic about company’s
business and hopeful of better performance with revenue in next year. There was
no change in the nature of business of company.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Loans and advances from directors |
4.950 |
0.000 |
|
Loans and advances from others |
2.500 |
0.000 |
|
Total |
7.450 |
0.000 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Amount |
Address |
|
1 |
G06135321 |
100034385 |
CORPORATION BANK |
08/06/2016 |
2500000.0 |
MARRIS ROAD ALIGARH UP202001IN |
|
2 |
C65266702 |
10593989 |
CORPORATION BANK |
21/09/2015 |
2500000.0 |
MARRIS ROAD ALIGARH UP202001IN |
|
3 |
C65268823 |
10593976 |
CORPORATION BANK |
21/09/2015 |
95000000.0 |
MARRIS ROAD ALIGARH UP202001IN |
FIXED ASSETS
- Land
- Vehicle
- Motor Vehicle
- 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 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 64.66 |
|
|
1 |
INR 90.65 |
|
Euro |
1 |
INR 79.70 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TRUP |
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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.
·