|
|
|
MIRA INFORM REPORT
|
Report No. : |
498918 |
|
Report Date : |
26.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
FORTUNE BIOTECH LIMITED |
|
|
|
|
Registered
Office : |
6-6-125, Annam Gardens, Kavadiguda, Secunderbad – 500380, Telangana |
|
Mobile No.: |
91-9866772201 (Mr. Annam Dilip Kumar) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
13.08.1993 |
|
|
|
|
Com. Reg. No.: |
36-016149 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 149.386 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24230TG1993PLC016149 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0991025300 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACF3050A |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Bio Technological Products. (Confirmed by
management) Manufacturing, extracting, processing, refining and formulating all
derivatives from agro based products and chemicals such as AZA for
application in pesticides, drugs, pharmaceuticals, soaps and cosmetics.
(Registered Activity) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
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 115200 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1993 and it is having
satisfactory track record. For the financial year 2016, the company has achieved decent growth in
its revenue as compared to its previous year along with average profitability
margin during the year. The company possesses above average financial risk profile marked by
sufficient networth base and strong debt protection metrics. Rating continue to derive strength from its long and established track
record of its business operation backed by extensive experience of the
promoters on bio-tech industry. However, these rating strengths gets partially offset by negative
reserve level which can be a threat to its capital structure and its presence
in highly competitive and fragmented industry. Payments seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. Note: Management has failed to file its financial for the year 2017
with Registrar of Companies. |
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
31-03-2016.
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 26.03.2018
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.
INFORMATION DENIED BY
|
Name : |
Mr. Annam Dilip Kumar |
|
Designation : |
Managing Director |
|
Contact No.: |
91-9866772201 |
|
Date : |
22.03.2018 |
LOCATIONS
|
Registered Office : |
6-6-125, Annam Gardens, Kavadiguda, Secunderbad – 500380, Telangana,
India |
|
Tel. No.: |
91-40-27534867/ 2753/ 27531726 |
|
Mobile No.: |
91-9866772201 (Mr. Annam Dilip Kumar) |
|
Fax No.: |
91-40-27536089 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Annam Dilip Kumar |
|
Designation : |
Managing Director |
|
Address : |
6-6-125, Annam Gardens, Kavadiguda, Secunderabad – 500380, Telangana, India |
|
Date of Birth/Age : |
18.01.1951 |
|
Date of Appointment : |
13.08.1993 |
|
DIN No.: |
01841463 |
|
|
|
|
Name : |
Mr. Raghuveer Annam |
|
Designation : |
Director |
|
Address : |
265 Hiqden Hill Drive Pa 18017 US |
|
Date of Birth/Age : |
09.06.1955 |
|
Date of Appointment : |
01.05.1994 |
|
DIN No.: |
02720703 |
|
|
|
|
Name : |
Mr. Mohan Rao Badhey |
|
Designation : |
Director |
|
Address : |
170 Stirrup Lane Syosset Ny 11791 US |
|
Date of Birth/Age : |
16.05.1942 |
|
Date of Appointment : |
05.01.1995 |
|
DIN No.: |
02720710 |
|
|
|
|
Name : |
Vindhya Annam |
|
Designation : |
Director |
|
Address : |
6-6-125, Annam Gardens, Kavadi Guda, Secunderabad – 500080, Telangana, India |
|
Date of Birth/Age : |
22.05.1955 |
|
Date of Appointment : |
05.03.1997 |
|
DIN No.: |
02832563 |
|
|
|
|
Name : |
Ajai Bahadur Khare |
|
Designation : |
Nominee Director |
|
Address : |
Type - 5, Block No. 3, Flat No.11, RCF Colony, Chembur, F C I, Mumbai (Sub-Urban), Mumbai – 400074, Maharashtra, India |
|
Date of Birth/Age : |
01.11.1958 |
|
Date of Appointment : |
28.03.2016 |
|
PAN No.: |
AHAPK2946C |
|
DIN No.: |
07416463 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
SHAREHOLDERS DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
52.32 |
|
Public/Other than promoters (Individual/Hindu Undivided Family-Indian) |
10.49 |
|
Public/Other than promoters [Individual/Hindu Undivided Family-Non-resident Indian (NRI)] |
18.97 |
|
Public/Other than promoters (Banks) |
6.69 |
|
Public/Other than promoters (Financial institutions) |
2.27 |
|
Public/Other than promoters (Body corporate) |
9.26 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Bio Technological Products. (Confirmed by
management) Manufacturing, extracting, processing, refining and formulating all
derivatives from agro based products and chemicals such as AZA for
application in pesticides, drugs, pharmaceuticals, soaps and cosmetics.
(Registered Activity) |
||||
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
||||
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|
||||
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Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
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No. of Employees : |
Information declined by the management |
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||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
K S R Ravi Kiran and Associates Chartered Accountants |
|
Address : |
D.No.2-113, Fort, Kallumarri, Hindupur, Andhra Pradesh, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AGCPR1444H |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
INR 10/- each |
INR 150.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14938575 |
Equity Shares |
INR 10/- each |
INR 149.386
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
149.386 |
149.386 |
149.386 |
|
(b) Reserves and Surplus |
(109.066) |
(116.936) |
(117.924) |
|
(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) |
40.320 |
32.450 |
31.462 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
23.654 |
17.237 |
28.703 |
|
(b) Deferred tax liabilities (Net) |
0.126 |
0.096 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
23.780 |
17.333 |
28.703 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
28.748 |
11.357 |
10.336 |
|
(c) Other
current liabilities |
4.566 |
13.993 |
13.262 |
|
(d) Short-term
provisions |
2.540 |
1.809 |
2.608 |
|
Total Current
Liabilities (4) |
35.854 |
27.159 |
26.206 |
|
|
|
|
|
|
TOTAL |
99.954 |
76.942 |
86.371 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
22.680 |
23.208 |
29.158 |
|
(ii)
Intangible Assets |
0.241 |
0.000 |
0.000 |
|
(iii) Tangible assets
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) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
22.921 |
23.208 |
29.158 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
13.519 |
12.158 |
28.834 |
|
(c) Trade
receivables |
34.395 |
18.165 |
15.082 |
|
(d) Cash and
bank balances |
9.569 |
10.163 |
5.161 |
|
(e)
Short-term loans and advances |
12.290 |
2.414 |
1.404 |
|
(f) Other
current assets |
7.260 |
10.834 |
6.732 |
|
Total
Current Assets |
77.033 |
53.734 |
57.213 |
|
|
|
|
|
|
TOTAL |
99.954 |
76.942 |
86.371 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
265.957 |
183.407 |
116.635 |
|
|
Other Income |
3.136 |
3.080 |
9.508 |
|
|
TOTAL |
269.093 |
186.487 |
126.143 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
185.009 |
107.680 |
72.110 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
1.464 |
14.677 |
7.720 |
|
|
Employee benefit expense |
16.208 |
13.708 |
10.471 |
|
|
Other expenses |
52.527 |
38.722 |
25.173 |
|
|
Prior period items before tax |
2.801 |
0.000 |
0.000 |
|
|
TOTAL |
258.009 |
174.787 |
115.474 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
11.084 |
11.700 |
10.669 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1.252 |
4.892 |
4.038 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
9.832 |
6.808 |
6.631 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.932 |
5.724 |
2.890 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
7.900 |
1.084 |
3.741 |
|
|
|
|
|
|
|
Less |
TAX |
0.030 |
0.096 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
7.870 |
0.988 |
3.741 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.53 |
0.07 |
0.25 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
1.308 |
8.308 |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(22.757) |
20.639 |
9.450 |
|
Net cash flow from operating activity |
(22.786) |
20.639 |
9.450 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
47.20 |
36.15 |
47.20 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
7.73 |
10.10 |
7.73 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
56.72 |
38.50 |
52.32 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.82 |
0.96 |
0.37 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.48 |
0.50 |
0.37 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.61 |
0.68 |
0.64 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.62 |
0.79 |
0.91 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.89 |
0.84 |
0.83 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.57 |
0.72 |
0.93 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
8.85 |
2.39 |
2.64 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
2.96 |
0.54 |
3.21 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
7.87 |
1.28 |
4.33 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
19.52 |
3.04 |
11.89 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.15 |
1.98 |
2.18 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.77 |
1.53 |
1.08 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.40 |
0.42 |
0.36 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.17 |
0.17 |
0.19 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.15 |
1.98 |
2.18 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
149.386 |
149.386 |
149.386 |
|
Reserves & Surplus |
(117.924) |
(116.936) |
(109.066) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
31.462 |
32.450 |
40.320 |
|
|
|
|
|
|
Long-term borrowings |
28.703 |
17.237 |
23.654 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
28.703 |
17.237 |
23.654 |
|
Debt/Equity
ratio |
0.912 |
0.531 |
0.587 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
116.635 |
183.407 |
265.957 |
|
|
|
57.249 |
45.009 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
116.635 |
183.407 |
265.957 |
|
Profit/ (Loss) |
3.741 |
0.988 |
7.870 |
|
|
3.21% |
0.54% |
2.96% |
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
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 |
No |
|
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 |
REVIEW OF OPERATIONS (As
on 31.03.2016)
During the year, Company has achieved gross revenue of INR 269.093 Million as against INR 186.487 Million in the previous financial year 2014-15.
UNSECURED LOAN
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
|
|
|
|
Loans and advances from related parties |
12.149 |
0.000 |
|
Other loans and advances |
11.146 |
3.870 |
|
Total |
23.295 |
3.870 |
INDEX
OF CHARGES
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G54920079 |
100125437 |
Andhra Pradesh State Financial Corporation |
07/09/2017 |
- |
- |
30000000.0 |
5-9-194, Chirag Ali Lane, P.B. 165, Nampally Hyderabad TELANGANA 508116 INDIA |
|
2 |
G47497771 |
100107157 |
Andhra Pradesh State Financial Corporation |
28/06/2017 |
- |
- |
50000000.0 |
5-9-194, Chirag Ali Lane, P.B. 165, Nampally Hyderabad TELANGANA 508116 INDIA |
|
3 |
G09006016 |
100043186 |
Andhra Pradesh State Financial Corporation |
03/08/2016 |
- |
- |
30000000.0 |
5-9-194, Chirag Ali Lane, P.B. 165,Nampally Hyderabad TELANGANA 500001 INDIA |
|
4 |
G54923024 |
10364910 |
ANDHRA PRADESH STATE FINANCIAL CORPORATION |
07/07/2012 |
- |
16/09/2017 |
6000000.0 |
5-9-194, CHIRAG ALI LANE, ABIDS HYDERABAD TELANGANA 500001 INDIA |
|
5 |
G54924204 |
10353690 |
ANDHRA PRADESH STATE FINANCIAL CORPORATION |
30/03/2012 |
- |
16/09/2017 |
26000000.0 |
5-9-194, CHIRAG ALI LANE, ABIDS HYDERABAD TELANGANA 500001 INDIA |
|
6 |
C10795839 |
90138009 |
ICICI BANK LTD |
14/11/1997 |
26/08/2003 |
19/06/2014 |
9800000.0 |
TVG MANSION; 6-2-1012 KHAIRATABAD HYDERABAD TELANGANA 500004 INDIA |
|
7 |
C10799203 |
90137865 |
ICICI BANK LTD |
04/06/1996 |
31/03/1999 |
19/06/2014 |
21000000.0 |
TVG MANSION; 6-2-1012 KHAIRATABAD HYDERABAD TELANGANA 500004 INDIA |
|
8 |
B95751616 |
90140390 |
ICICI BANKING CORPORATION LTD |
14/11/1997 |
- |
06/02/2014 |
9800000.0 |
TVG MANSION; 6-2-1012 KHAIRATABAD HYDERABAD TELANGANA 500004 INDIA |
|
9 |
B95750691 |
90139039 |
ICICI BANKING CORPORATION LTD |
04/06/1996 |
04/03/2002 |
06/02/2014 |
21000000.0 |
TVG MANSION; 6-2-1012 KHAIRATABAD HYDERABAD TELANGANA 500004 INDIA |
|
10 |
B95748794 |
80055777 |
ICICI BANK LIMITED |
27/09/1995 |
- |
06/02/2014 |
37500000.0 |
KHAIRATABAD HYDERABAD TELANGANA 500001 INDIA |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
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 65.13 |
|
|
1 |
INR 91.95 |
|
Euro |
1 |
INR 80.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
ARC |
|
|
|
|
Analysis Done by
: |
NRG |
|
|
|
|
Report Prepared
by : |
SUD |
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.