MIRA INFORM REPORT

Report No. :	507786
Report Date :	09.05.2018

IDENTIFICATION DETAILS

Name :	OM OIL AND FLOUR MILLS LIMITED
Formerly Known As :	OM OIL AND FLOUR MILLS PRIVATE LIMITED
Registered Office :	Type-II, No. 8, Industrial Estate, Madhupatna, Cuttack -753010, Orissa
Tel. No.:	91-671-2340505
Country :	India
Financials (as on) :	31.03.2017
Date of Incorporation :	31.03.1997
Com. Reg. No.:	15-004861
Capital Investment / Paid-up Capital :	INR 47.589 Million
CIN No.: [Company Identification No.]	U15495OR1997PLC004861
IEC No.: [Import-Export Code No.]	2394000031
GSTN : [Goods & Service Tax Registration No.]	21AAACO9728L1Z8
TIN No.:	21411201506
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAACO9728L
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is primarily engaged in the manufacture, trading and selling of an entire range of Spices, Vermicellies and Frozen food products. (Registered Activity)
No. of Employees :	Information denied by the management

RATING & COMMENTS

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

MIRA’s Rating :

A+

Credit Rating	Explanation	Rating Comments
A+	Low Risk	Business dealings permissible with low risk of default

Maximum Credit Limit :	USD 2700000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Exist
Comments :	Subject was incorporated in the year 1997 and it is engaged in manufacturing and export pf spices, vermicelli and pasta products. As per financials of March 2017, the company has registered a growth of 8.94%in its revenue as compared to its previous year’s revenue and has reported average profit margin of 2.27%. Rating takes into consideration the company’s established track record of business operations marked by healthy net worth base along with strong debt coverage indicators and good liquidity position. Further, the company has reported a good earnings per share of INR 11.61 against its face value of INR 10. Payments seems to be regular. In view of aforesaid, the company can be considered good 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 31-03-2018.

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 09.05.2018

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 :	Not Divulged
Designation :	Office Executive
Contact No.:	91-671-2340505
Date :	07.05.2018

LOCATIONS

Registered Office/ Spices Division :	Type-II, No. 8, Industrial Estate, Madhupatna, Cuttack -753010, Orissa, India
Tel. No.:	91-671-2340505/ 2344538/ 2341321
Fax No.:	91-671-2344538
E-Mail :	ctk_ruchi10@sancharnet.in info@ruchifoodline.com frozit@ruchifoodline.com
Website:	http://www.ruchifoodline.com
ROC E-mail:	omoil@dataone.in
Vermicelli Division :	B-34,Industrial Estate, Madhupatna Cuttack - 753010, Orissa, India
Frozen Food Division/ Pasta Division :	B/18 Industrial Estate, Madhupatna Cuttack - 753010, Orissa, India
Branch Offices :	· 3A-Mangoe Lane, Kolkata, West Bengal, India · N-3/200, Ekamra Chowk (Infornt of SLB Techno World) Nayapalli, Bhubaneswar, Orissa, India

DIRECTORS

AS ON 31.03.2018

Name :

Mr. Sarat Kumar Sahoo

Designation :

Managing Director

Address :

Type II / No.8, Industrial Estate, Khapuria, Cuttack, 753010, Orissa, India

Date of Birth/Age :

14.06.1950

Qualification :

Graduate

Date of Appointment :

30.09.2011

PAN No.:

ACXPS7387K

DIN No.:

00303263

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U15440OR2006PTC009020	OM PACK FOOD PRIVATE LIMITED	20/11/2006	-
U15490OR2014PTC018291	BISWESWAR FOODS PRIVATE LIMITED	17/09/2014	-

Name :

Mrs. Sangita Sahoo

Designation :

Whole-Time Director

Address :

Kazidhia, Industrial Estate, Khapuria, Madhupatana, Cuttack, 753010, Orissa, India

Date of Birth/Age :

12.12.1960

Qualification :

Graduate

Date of Appointment :

30.09.2011

PAN No.:

AOQPS1321A

DIN No.:

00303337

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U01400OR2009PTC011363	VERDANT GREENS PRIVATE LIMITED	24/12/2014	-
U15490OR2014PTC018291	BISWESWAR FOODS PRIVATE LIMITED	17/09/2014	-

Name :

Mr. Arbind Sahoo

Designation :

Whole-Time Director

Address :

Kazidiha, Industrial Estate, Khapuria, Madhupatana, Cuttack, 753010, Orissa, India

Date of Birth/Age :

28.09.1981

Qualification :

MBA

Date of Appointment :

30.09.2011

PAN No.:

AOQPS1333A

DIN No.:

00303409

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U15440OR2006PTC009020	OM PACK FOOD PRIVATE LIMITED	20/11/2006	-

Name :

Mrs. Rashmi Sahoo

Designation :

Whole-Time Director

Address :

Kazidiha, Industrial Estate, Khapuria, Madhupatana, Cuttack, 753010, Orissa, India

Date of Birth/Age :

17.07.1984

Qualification :

Graduate

Date of Appointment :

30.09.2011

PAN No.:

AXHPS5821K

DIN No.:

00303512

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U01400OR2009PTC011363	VERDANT GREENS PRIVATE LIMITED	26/11/2009	-
U72300OR2013PTC016422	MC2 TECHNOLOGIES PRIVATE LIMITED	03/01/2013	-
U15490OR2014PTC018291	BISWESWAR FOODS PRIVATE LIMITED	08/06/2015	-

Name :

Mr. Sourendra Kumar Mohapatra

Designation :

Director

Address :

Plot-47 Madhusudan Nagar, Bhubaneswar – 751001, Orissa, India

Date of Appointment :

30.09.2016

DIN No.:

01310500

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U45208OR1999PTC005951	BHUBANESWARI PROMOTERS PRIVATE LIMITED	12/10/1999	-
U51505OR2007PTC009238	SOLV X INDIA PRIVATE LIMITED	23/03/2007	-

Name :

Mr. Abasar Beuria

Designation :

Director

Address :

Plot No. A-165 Saheed Nagar, Bhubaneswar -751007, Orissa, India

Date of Appointment :

30.09.2016

DIN No.:

01776077

Name :

Salina Sahoo

Designation :

Additional Director

Address :

Kajidiha, Madhupatna Cuttack Sadar, Cuttack -753010, Orissa, India

Date of Appointment :

01.03.2017

DIN No.:

07751402

Name :

Akshaya Kumar Parija

Designation :

Director

Address :

A-1/1, Palash Palli,, Bhubaneshwar, 753009, Orissa, India

Date of Appointment :

29.09.2012

DIN No.:

03587330

Other Directorship :

CIN/FCRN	Company Name	Begin Date	End Date
U63090MH2008PTC186089	TRANSOCEAN EXPRESS LOGISTICS PRIVATE LIMITED	12/07/2011	-
U55101OR2012PTC015197	BLUE LINE RESORTS PRIVATE LIMITED	09/04/2012	-
U74140OR2015PTC018877	LIGHTTREE STRATEGIES AND SOLUTIONS PRIVATE LIMITED	15/04/2015	-
U40109OR2016PTC019843	ADHYA GLOBAL POWER PRIVATE LIMITED	28/01/2016	-
U92419OR2017PTC027369	AKSHAY PARIJA PRODUCTIONS PRIVATE LIMITED	20/07/2017	-

MAJOR SHAREHOLDERS

AS ON 31.03.2017

Names of Shareholders	No. of Shares
Sarat Kumar Sahoo	923040
Sangita Sahoo	315180
Arbind Sahoo	11530
Alekh Sahoo	21050
Siba Sahoo	17500
Satyasai Sahoo	44000
R K Metal and Wood Products Private Limited, India	2842633
Akshay Kumar Parija	20000
Om Foods, India	40000
Om Pack Food Private limited, India	402000
Qualitorn Distributors Private Limited, India	8000
Sonic Impex Private Limited, India	8000
Trupti trade link private limited, India	38000
Vindhya Vasini Steels and Eng. Private Limited, India	14000
Shraman Merchandise Private Limited, India	4000
Raipur Oil Products Private Limited, India	4000
Silikana mercantiles Private Limited, India	10000
Elize international Limited, India	8000
Surabhi Shree Emporium Private limited, India	6000
Gainwell Merchants Private Limited, India	5600
Mount View Commodities Private Limited, India	3000
Millennium Vincom Private Limited, India	6000
Sofra Vinmay Private Limited, India	7400
Total	4758933

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2017

Category	Percentage
Promoters- Individual/Hindu Undivided Family- Indian	29.26
Promoters- Body corporate	68.18
Public/Other than promoters - Body corporate	2.56
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is primarily engaged in the manufacture, trading and selling of an entire range of Spices, Vermicellies and Frozen food products. (Registered Activity)

Products / Services :

Name and Description of main products / services	NIC Code of the Product/service
Manufacturing and trading of spices	4630

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Not Divulged

PRODUCTION STATUS (AS ON 31.03.2015)

Products	Unit	Licensed Capacity	Installed Capacity	Actual Production
Spices, Vermicelli and Frozen Foods
Spices Division	MT	NA	12,480.00	10879.59
Vermicelli Division	MT	NA	14,400.00	6836.39
Frozen Division	MT	NA	1500.00	690

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

Customers :

Reference :	Not Divulged
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

No. of Employees :

Information denied by the management

Bankers :

Banker Name :	Axis Bank Limited
Branch :	501, Center Point, Narula Complex, Kharvel Nagar, Unit – 3, Bhubaneswar - 751001, Orissa, 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 :	--

• Indusind Bank Limited, 2401 Gen Thimmayya Road, Contonment, Pune - 411001, Maharashtra, India

Facilities :

(INR In Million)

SECURED LOAN	As on 31.03.2017	As on 31.03.2016
LONG TERM BORROWING
Rupee term loans from banks	154.781	85.778
Loans repayable on demand from banks	2.715	59.997
SHORT TERM BORROWING
Working capital loans from banks	221.203	210.085
Total	378.699	355.860

Auditors :
Name :	Bajoria and Company Chartered Accountants
Address :	Ganesh Ghat Cuttack-753002, Orissa, India
PAN N Income-tax PAN of auditor or auditor's firm :	AAEFB9437E
Memberships :	Not Available
Collaborators :	Not Available
Holding company:	R K Metal and Wood Products Private Limited, India [U28111WB1963PTC025806]
Associate:	Om Pack Food Private Limited, India [U15440OR2006PTC009020]

CAPITAL STRUCTURE

AS ON 31.03.2017

Authorised Capital :

No. of Shares	Type	Value	Amount
6000000	Equity Shares	INR 10/- each	INR 60.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
4758933	Equity Shares	INR 10/- each	INR 47.589 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
(a) Share Capital	47.589	47.589	47.589
(b) Reserves and Surplus	883.183	839.536	802.449
(c) Money received against share warrants	0.000	0.000	0.000
(d) Minority interest	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	930.772	887.125	850.038
(3) Non-Current Liabilities
(a) long-term borrowings	225.672	215.363	149.638
(b) Deferred tax liabilities (Net)	58.067	53.907	49.586
(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)	283.739	269.270	199.224
(4) Current Liabilities
(a) Short-term borrowings	221.203	210.085	189.230
(b) Trade payables	409.536	323.593	266.511
(c) Other current liabilities	186.937	15.616	10.368
(d) Short-term provisions	0.290	21.444	14.874
Total Current Liabilities (4)	817.966	570.738	480.983
TOTAL	2032.477	1727.133	1530.245
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	980.947	940.304	950.307
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Tangible assets capital work-in-progress	27.163	21.919	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	3.261	3.261	3.261
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term loans and advances	145.021	25.009	26.264
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	1156.392	990.493	979.832
(2) Current assets
(a) Current investments	30.875	82.875	0.000
(b) Inventories	522.500	444.748	287.197
(c) Trade receivables	60.537	41.422	63.405
(d) Cash and bank balances	205.055	126.519	117.753
(e) Short-term loans and advances	57.118	41.076	35.059
(f) Other current assets	0.000	0.000	46.999
Total Current Assets	876.085	736.640	550.413
TOTAL	2032.477	1727.133	1530.245

PROFIT & LOSS ACCOUNT (STANDALONE)

	PARTICULARS	31.03.2017	31.03.2016	31.03.2015
	SALES
	Income	2430.874	2231.449	2004.635
	Other Income	11.206	12.659	11.154
	TOTAL	2442.080	2244.108	2015.789
Less	EXPENSES
	Cost of Materials Consumed	1775.331	1624.449	1471.180
	Purchases of Stock-in-Trade	10.658	0.000	0.000
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(32.510)	(9.762)	(9.242)
	Employee benefit expense	60.535	61.842	50.747
	CSR expenditure	1.389	1.808	0.000
	Other expenses	468.411	420.850	368.541
	TOTAL	2283.814	2099.187	1881.226
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	158.266	144.921	134.563
Less	FINANCIAL EXPENSES	35.330	34.234	38.902
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	122.936	110.687	95.661
Less/ Add	DEPRECIATION/ AMORTISATION	40.083	36.217	33.541
	PROFIT/ (LOSS) BEFORE TAX	82.853	74.470	62.120
Less	TAX	27.588	25.764	20.115
	PROFIT/ (LOSS) AFTER TAX	55.265	48.706	42.005
	Earnings / (Loss) Per Share (INR)	11.61	10.24	8.83

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
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	351.154	48.119	83.653
Net cash flows from (used in) operating activities	327.947	26.756	69.396

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Average Collection Days (Sundry Debtors / Income * 365 Days)	9.09	6.78	11.54
Account Receivables Turnover (Income / Sundry Debtors)	40.16	53.87	31.62
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	83.70	72.71	66.12
Inventory Turnover (Operating Income / Inventories)	0.30	0.33	0.47
Asset Turnover (Operating Income / Net Fixed Assets)	0.16	0.15	0.14

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.51	0.46	0.41
Debt Equity Ratio (Total Liability / Networth)	0.48	0.48	0.40
Current Liabilities to Networth (Current Liabilities / Net Worth)	0.88	0.64	0.57
Fixed Assets to Networth (Net Fixed Assets / Networth)	1.08	1.08	1.12
Interest Coverage Ratio (PBIT / Financial Charges)	4.48	4.23	3.46

PROFITABILITY RATIOS

PARTICULARS		31.03.2017	31.03.2016	31.03.2015
Net Profit Margin ((PAT / Sales) * 100)	%	2.27	2.18	2.10
Return on Total Assets ((PAT / Total Assets) * 100)	%	2.72	2.82	2.74
Return on Investment (ROI) ((PAT / Networth) * 100)	%	5.94	5.49	4.94

SOLVENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Current Ratio (Current Assets / Current Liabilities)	1.07	1.29	1.14
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	0.43	0.51	0.55
G-Score Ratio Financial (Networth / Total Assets)	0.46	0.51	0.56
G-Score Ratio Debt (Debts / Equity Capital)	9.39	8.94	7.12
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	1.07	1.29	1.14

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

FINANCIAL ANALYSIS

[all figures are 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	47.589	47.589	47.589
Reserves & Surplus	802.449	839.536	883.183
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	850.038	887.125	930.772
Long-term borrowings	149.638	215.363	225.672
Short term borrowings	189.230	210.085	221.203
Total borrowings	338.868	425.448	446.875
Debt/Equity ratio	0.399	0.480	0.480

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	2004.635	2231.449	2430.874
		11.314	8.937

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	2004.635	2231.449	2430.874
Profit/ (Loss)	42.005	48.706	55.265
	2.10 %	2.18 %	2.27 %

ABRIDGED BALANCE SHEET (CONSOLIDATED)

SOURCES OF FUNDS	31.03.2017	31.03.2016
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	46.339	46.339
(b) Reserves and Surplus	892.358	848.689
(c) Money received against share warrants	0.000	0.000
(d) Minority interest	16.394	15.683
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	938.697	895.028
(3) Non-Current Liabilities
(a) long-term borrowings	225.672	223.552
(b) Deferred tax liabilities (Net)	57.680	53.757
(c) Other long-term liabilities	0.000	0.000
(d) long-term provisions	0.000	5.054
Total Non-current Liabilities (3)	283.352	282.363
(4) Current Liabilities
(a) Short-term borrowings	221.203	210.085
(b) Trade payables	409.536	315.404
(c) Other current liabilities	190.629	16.503
(d) Short-term provisions	0.907	23.816
Total Current Liabilities (4)	822.275	565.808
TOTAL	2060.718	1758.882
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	995.168	954.735
(ii) Intangible Assets	0.025	0.025
(iii) Tangible assets capital work-in-progress	27.163	22.795
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	13.675	7.675
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term loans and advances	145.125	26.328
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	1181.156	1011.558
(2) Current assets
(a) Current investments	30.874	82.875
(b) Inventories	522.500	444.748
(c) Trade receivables	60.537	41.422
(d) Cash and bank balances	208.005	136.729
(e) Short-term loans and advances	57.646	41.550
(f) Other current assets	0.000	0.000
Total Current Assets	879.562	747.324
TOTAL	2060.718	1758.882

PROFIT & LOSS ACCOUNT (CONSOLIDATED)

	PARTICULARS	31.03.2017	31.03.2016
	SALES
	Income	2435.074	2235.649
	Other Income	11.375	24.650
	TOTAL	2446.449	2260.299
Less	EXPENSES
	Cost of Materials Consumed	1785.989	1624.449
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(32.510)	(9.762)
	Employee benefit expense	60.589	62.036
	CSR expenditure	1.389	1.808
	Other expenses	470.135	423.369
	TOTAL	2285.592	2101.900
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	160.857	158.399
Less	FINANCIAL EXPENSES	35.330	34.234
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	125.527	124.165
Less/ Add	DEPRECIATION/ AMORTISATION	41.475	37.246
	PROFIT/ (LOSS) BEFORE TAX	84.052	86.919
Less	TAX	28.052	27.981
	PROFIT/ (LOSS) AFTER TAX	56.000	58.938
	Earnings / (Loss) Per Share (INR)	12.09	12.72

LEGAL CASES

DISTRICT AND SESSIONS JUDGE, CUTTACK

CASE DETAILS

Case Type: O.s.

Filing Number: 663/2016Filing Date: 18-05-2016

Registration No.: 2/2016Registration Date: 18-05-2016

CNR NO: ODCU01-001590-2016

Case Status

First Hearing Date: 19th May 2016

Next Hearing Date: 23rd June 2016

Stage of Case: OFFICE NOTE

Court No. and Judge: 1-DISTRICT & SESSIONS JUDGE

Petitioner and Advocate

1) M/s .S. Narendra Kumar and Co.

    Address - At- 5th Floor, Kurshal Commercial Complex, G. M. Road, Amar Mahal, Chembur, Mumbai-400089

    Advocate- Biranchi Narayan Mohanty

Respondent and Advocate

1) Om Oil and Flour Mills Limited

    Address - At- Type-II, No.8, Industrial Estate, Cuttack, Odisha-753001

ACTS

Under Act(s)	Under Section(s)
Trade Articles(Licences Unification)Order(Bihar)	27,2,134,1,C,135

HISTORY OF CASE HEARING

Registration No.	Judge	Business On Date	Hearing Date	Purpose of hearing
2/2016	DISTRICT & SESSIONS JUDGE	19-05-2016	23-06-2016	OFFICE NOTE

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	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	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	Yes
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

CORPORATE INFORMATION

Subject is a limited Company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The Company is primarily engaged in the manufacture and selling of an entire range of Spices, Vermicellies and Frozen food products.

UNSECURED LOANS:

(INR In Million)

Particulars	As on 31.03.2017	As on 31.03.2016
LONG TERM BORROWING
Loans repayable on demand	59.472	0.000
Other loans and advances	8.704	69.588
Total	68.176	69.588

INDEX OF CHARGE:

SNO	SRN	CHARGE ID	CHARGE HOLDER NAME	DATE OF CREATION	AMOUNT	ADDRESS
1	G76100817	100153516	AXIS BANK LIMITED	15/01/2018	2712000.0	501, CENTER POINT, NARULA COMPLEXKHARVEL NAGAR, UNIT - 3BHUBANESWAROR751001IN
2	G03742962	100027490	INDUSIND BANK LTD.	20/02/2016	1350000.0	2401 GEN THIMMAYYA ROADCONTONMENTPUNEMA411001IN
3	C56166416	10574410	AXIS BANK LIMITED	14/05/2015	1076000.0	AXIS BANK LTD, PLOT NO: 501, 2ND FLOOR,NARULACOMPLEX, UNIT-3, KHARAVEL NAGARBHUBANESWAROR751001IN
4	C04558789	10494781	INDUSIND BANK LTD.	07/05/2014	1200000.0	2401 GEN THIMMAYYA ROADCONTONMENTPUNEMH411001IN
5	C06412951	10502591	INDUSIND BANK LTD.	30/04/2014	1096000.0	2401 GEN THIMMAYYA ROADCONTONMENTPUNEMH411001IN
6	C04547873	10494727	INDUSIND BANK LTD.	30/04/2014	307000.0	2401 GEN THIMMAYYA ROADCONTONMENTPUNEMH411001IN
7	C06413249	10502592	INDUSIND BANK LTD.	23/04/2014	340000.0	2401 GEN THIMMAYYA ROADCONTONMENTPUNEMH411001IN
8	B84682533	10448304	INDUSIND BANK LTD.	26/07/2013	1440000.0	2401 GEN THIMMAYYA ROADCONTONMENTPUNEMH411001IN
9	B84678762	10448290	INDUSIND BANK LTD.	26/07/2013	1065000.0	2401 GEN THIMMAYYA ROADCONTONMENTPUNEMH411001IN
10	B84680552	10448294	INDUSIND BANK LTD.	23/07/2013	460000.0	2401 GEN THIMMAYYA ROADCONTONMENTPUNEMH411001IN

Tangible assets

· Land

· Buildings

· Plant and equipment

· 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, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No 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 66.08
UK Pound	1	INR 91.14
Euro	1	INR 80.01

INFORMATION DETAILS

Information Gathered by :	PNM
Analysis Done by :	VIV
Report Prepared by :	KVT

SCORE FACTORS

DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--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)

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.