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|
MIRA INFORM REPORT
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Report No. : |
499826 |
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Report Date : |
27.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
OM INDIA TRADING
COMPANY PRIVATE LIMITED (w.e.f.12.03.2010) |
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Formerly Known
As : |
ASSAM GINNING AND INDUSTRIES PRIVATE LIMITED |
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Registered
Office : |
East Market, Karimganj Bazar, Karimganj – 788710, Assam |
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Tel. No.: |
91-11-43720000 / 23311004 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
19.08.1975 |
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Com. Reg. No.: |
02-001628 |
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Capital
Investment / Paid-up Capital : |
INR 72.471 Million |
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CIN No.: [Company Identification
No.] |
U01405AS1975PTC001628 |
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IEC No.: [Import-Export Code No.] |
1410000443 |
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TIN / CST No.: |
07970177885 |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCA7130Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The company is engaged in the business of dealing in agricultural produce like sesame seeds, cotton, rice, chic peas etc. The company is also engaged in the business of construction of warehouses for the purpose of leasing out to food corporation of India/ State warehousing corporations. [Registered Activity] |
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No. of Employees
: |
Not Available |
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 |
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Maximum Credit Limit : |
USD 1300000 |
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Status : |
Good |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1975. It is a dealing in agricultural produce like sesame seeds, cotton, rice, chic peas etc. the company is also engaged in the business of construction of warehouses for the purpose of leasing out to food corporation of India/ State warehousing corporations. For the financial year 2017, the company has achieved 26.28% growth in
its revenue as compared to previous year revenue but has reported low profit
margin of 0.88%. The sound financial profile of the company is marked by adequate networth
base along with comfortable debt coverage indicators. The rating takes into consideration the subject’s long established
track record of business operations along with extensive experience of its
promoters. Business is active. Payment seems to be usually correct. In view of aforesaid, 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
|
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
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 27.03.2018
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.
LOCATIONS
|
Registered
Office : |
East Market, Karimganj Bazar, Karimganj – 788710, Assam, India |
|
Tel. No.: |
91-11-43720000 |
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Mobile No.: |
91-981039118 (Mr. Sandeep Bhura) |
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Fax No.: |
91-11-23730173/23315377 |
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E-Mail : |
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Website : |
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Corporate Office
: |
Unit No. 204, A.B.W. Rectangle – I, 2nd Floor, D-4,
District Centre, Saket, New Delhi – 110017, India |
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Branch Office 1
: |
204, Rectangle – I, 2nd Floor, Saket, New Delhi – 110017,
India |
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Tel. No.: |
91-11-43720000 (30 Lines) |
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Fax No.: |
91-11-40570860 |
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Branch Office 2
: |
1004, Nirmal Towers, Barakhamba Road,
New Delhi – 110001, India |
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Factory 1 : |
Mumbai, Maharashtra, India |
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Area : |
80000 sq. ft. |
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Location : |
Owned |
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Factory 2 : |
Kolkata, West Bengal, India |
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Area : |
200000 sq. ft. |
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Location : |
Owned |
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Factory 3 : |
Rajasthan, India |
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Area : |
20000 sq. ft. |
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Location : |
Owned |
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Branches : |
Also located at
: · Sri Bijay Nagar (Rajasthan) · Pecharthal (Tripura) · Rajkot (Gujrat) · Nagpur (Maharashtra) |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Sanjay Kumar Bhura |
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Designation : |
Director |
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Address : |
D – 35, Saket, New Delhi – 110017, India |
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Date of Birth/Age : |
02.09.1971 |
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Date of Appointment : |
28.02.2001 |
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DIN No.: |
00097782 |
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PAN No.: |
ACAPB0744L |
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Other Directorship:
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Name : |
Mr. Sandeep Bhura |
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Designation : |
Director |
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Address : |
T – 23, 2nd Floor, Green Park Main, New Delhi – 110017,
India |
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Date of Birth/Age : |
03.02.1980 |
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Date of Appointment : |
28.02.2001 |
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DIN No.: |
01476968 |
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PAN No.: |
AEAPB0481F |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mrs. Neha Sandal |
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Designation : |
Company Secretary |
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Address : |
364, Ground Floor, Ashoka Enclave-3, Sector-35, Faridabad –
121003, Haryana, India |
|
Date of Appointment : |
11.08.2015 |
|
PAN No: |
DCGPS2569H |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Keshri Chand Bhura |
|
104120 |
|
Nirmal Kumar Bhura |
|
8000 |
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Manik Chand Surana |
|
51000 |
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Bansi Lal Bothra |
|
2500 |
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Rajendra Kumar Bhura |
|
90850 |
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Sanjay Kumar Bhura |
|
1946905 |
|
Sandeep Kumar Bhura |
|
1459850 |
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Bimala Devi Bhura |
|
118850 |
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Peush Kumar Bhura |
|
100 |
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Tolaram Anchalia |
|
5000 |
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Sanjay Kumar Bhura and Sons |
|
36650 |
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Jai Chand Lal Bothra |
|
5000 |
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Namita Bhura |
|
335000 |
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K.C. Bhura and Sons |
|
32300 |
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Namita Family Trust |
|
1465000 |
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Arushi Family Trust |
|
1586000 |
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Total |
|
7247125 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
49.29 |
|
Public/Other than promoters
[Individual/Hindu Undivided Family (Indian)] |
8.61 |
|
Public/Other than promoters [Others (Trust)] |
42.10 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of dealing in agricultural produce like sesame seeds, cotton, rice, chic peas etc. The company is also engaged in the business of construction of warehouses for the purpose of leasing out to food corporation of India/ State warehousing corporations. [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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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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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 : |
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Name : |
Narender Nath and company Chartered Accountants |
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Address : |
#405, Tower-A, Spazedge,Sector-47, Sohna Road, Gurugram, Haryana, India |
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PAN No.: |
AAFPN8965L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Other Related Party : |
· Keshri Chand Bhura and company |
CAPITAL STRUCTURE
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
INR 10/- each |
INR 80.000 Million |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7247125 |
Equity Shares |
INR 10/- each |
INR 72.471 Million |
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FINANCIAL DATA
[all figures are
in 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 |
72.471 |
72.471 |
72.471 |
|
(b) Reserves & Surplus |
388.932 |
350.767 |
320.468 |
|
(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) |
461.403 |
423.238 |
392.939 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
160.580 |
195.169 |
247.448 |
|
(b) Deferred tax liabilities (Net) |
20.944 |
15.518 |
7.145 |
|
(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) |
181.524 |
210.687 |
254.593 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
450.155 |
427.998 |
533.129 |
|
(b) Trade
payables |
135.513 |
121.451 |
170.766 |
|
(c) Other
current liabilities |
60.540 |
84.096 |
94.565 |
|
(d) Short-term
provisions |
0.000 |
9.702 |
10.900 |
|
Total Current
Liabilities (4) |
646.208 |
643.247 |
809.360 |
|
|
|
|
|
|
TOTAL |
1289.135 |
1277.172 |
1456.892 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
515.999 |
511.838 |
531.143 |
|
(ii)
Intangible Assets |
0.137 |
0.185 |
0.333 |
|
(iii)
Capital work-in-progress |
14.634 |
14.634 |
11.429 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.710 |
1.710 |
1.710 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
4.864 |
6.474 |
7.792 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
537.344 |
534.841 |
552.407 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
365.977 |
342.623 |
379.053 |
|
(c) Trade
receivables |
247.852 |
206.525 |
299.463 |
|
(d) Cash
and cash equivalents |
52.745 |
46.487 |
50.380 |
|
(e)
Short-term loans and advances |
18.151 |
37.682 |
21.379 |
|
(f) Other current
assets |
67.066 |
109.014 |
154.210 |
|
Total
Current Assets |
751.791 |
742.331 |
904.485 |
|
|
|
|
|
|
TOTAL |
1289.135 |
1277.172 |
1456.892 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
4341.000 |
3437.646 |
4498.076 |
|
|
Other Income |
40.139 |
13.169 |
14.460 |
|
|
TOTAL |
4381.139 |
3450.815 |
4512.536 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.709 |
0.546 |
1.440 |
|
|
Purchases of
Stock-in-Trade |
3988.816 |
2969.174 |
3956.643 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(23.354) |
36.430 |
97.353 |
|
|
Employee benefit expense |
19.703 |
18.939 |
18.094 |
|
|
Other expenses |
253.216 |
279.330 |
286.244 |
|
|
TOTAL |
4239.090 |
3304.419 |
4359.774 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
142.049 |
146.396 |
152.762 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
61.257 |
73.090 |
90.737 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
80.792 |
73.306 |
62.025 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
23.621 |
24.934 |
15.954 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
57.171 |
48.372 |
46.071 |
|
|
|
|
|
|
|
Less |
TAX |
19.007 |
18.074 |
14.607 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
38.164 |
30.298 |
31.464 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
3848.056 |
3145.576 |
4041.561 |
|
|
TOTAL EARNINGS |
3848.056 |
3145.576 |
4041.561 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
5.27 |
4.18 |
4.34 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
39.401 |
41.436 |
24.228 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
122.213 |
113.396 |
193.744 |
|
Net cash flows from (used in) operating activities |
108.207 |
100.461 |
178.963 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
20.84 |
21.93 |
24.30 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
17.51 |
16.65 |
15.02 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
12.40 |
14.93 |
15.75 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.39 |
0.43 |
0.40 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.27 |
0.28 |
0.28 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.66 |
0.69 |
0.74 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.41 |
1.57 |
2.05 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.40 |
1.52 |
2.06 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.15 |
1.24 |
1.38 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.32 |
2.00 |
1.68 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
0.88 |
0.88 |
0.70 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.96 |
2.37 |
2.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
8.27 |
7.16 |
8.01 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.16 |
1.15 |
1.12 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.60 |
0.62 |
0.65 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.36 |
0.33 |
0.27 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
8.97 |
9.17 |
11.11 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.16 |
1.15 |
1.12 |
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 |
72.471 |
72.471 |
72.471 |
|
Reserves & Surplus |
320.468 |
350.767 |
388.932 |
|
Net
worth |
392.939 |
423.238 |
461.403 |
|
|
|
|
|
|
Long-term borrowings |
247.448 |
195.169 |
160.580 |
|
Short term borrowings |
533.129 |
427.998 |
450.155 |
|
Current maturities of
long-term debts |
24.228 |
41.436 |
39.401 |
|
Total
borrowings |
804.805 |
664.603 |
650.136 |
|
Debt/Equity
ratio |
2.048 |
1.570 |
1.409 |
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 |
4498.076 |
3437.646 |
4341.000 |
|
|
|
(23.575) |
26.278 |
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 |
4498.076 |
3437.646 |
4341.000 |
|
Profit/ (Loss) |
31.464 |
30.298 |
38.164 |
|
|
0.70
% |
0.88
% |
0.88
% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
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 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G58689001 |
100129792 |
VIJAYA BANK |
29/09/2017 |
- |
- |
210000000.0 |
OVERSEAS BRANCH GF-04 ANSAL BHAWAN 16, K.G. MARG NEW DELHI DL110001IN |
|
2 |
C40501637 |
10543136 |
UNION BANK OF INDIA |
15/12/2014 |
- |
- |
58500000.0 |
UNION BANK OF INDIARANI TALAABJIND HR126102IN |
|
3 |
C36970945 |
10530996 |
VIJAYA BANK |
20/10/2014 |
17/11/2014 |
- |
245000000.0 |
VIJAYA BUILDING, OVERSEAS BRANCH GROUND FLOOR, 17 BARAKHAMBA ROAD NEW DELHI DL110001IN |
|
4 |
B39024526 |
10353931 |
UNION BANK OF INDIA |
16/04/2012 |
- |
- |
89000000.0 |
JIND BRANCHJAGAT BUILDING, RANI TALAB DISTRICT JIND HR126102IN |
|
5 |
C09790056 |
10032564 |
STATE BANK OF INDIA |
21/11/2006 |
09/06/2014 |
- |
2835000000.0 |
OVERSEAS BRANCHJAWAHAR VYAPAR BHAWAN, 1, TOLSTOY MARG NEW DELHI DL110001IN |
|
6 |
Y10375268 |
90266002 |
STATE BANK OF INDIA |
25/03/2004 |
- |
- |
170000000.0 |
OVERSEAS BRANCH NEW DELHI DL110001IN |
|
7 |
Y10374309 |
90265043 |
STATE BANK OF INDIA |
25/03/2004 |
28/12/2004 |
- |
222000000.0 |
OVERSEAS BRANCH JAWAHAR VYAPAR BHAWAN ;1; TOLSTOY MAR GNEW DELHI DL110001IN |
|
8 |
Y10374352 |
90265086 |
STATE BANK OF INDIA |
25/03/2004 |
- |
- |
170000000.0 |
OVERSEAS BRANCH NEW DELHI DL110001IN |
|
9 |
Y10374446 |
90265180 |
STATE BANK OF INDIA |
25/03/2004 |
28/12/2004 |
- |
222000000.0 |
OVERSEAS BRANCH; JAWAHAR VYAPAR BHAWAN 1; TOLSTOY MARG NEW DELHI DL110001IN |
|
10 |
Y10375938 |
90266672 |
STATE BANK OF INDIA |
25/03/2004 |
28/12/2004 |
- |
170000000.0 |
OVERSEAS BRANCH; JAWAHAR VYAPAR BHAWAN 1; TOLSTOY MARG NEW DELHI DL110001IN |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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 91.96 |
|
Euro |
1 |
INR 80.34 |
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.