1. Summary Information
|
|
|
Country |
|
|
Company Name |
SHREE TNB POLYMERS LIMITED |
Principal Name 1 |
Mr. Dilip Pranlal Joshi |
|
Status |
Moderate |
Principal Name 2 |
Mr. Brijmohan Lalchand Maheshwari |
|
|
|
Registration # |
54-000242 |
|
Street Address |
Sr. No. 132/1/1/4, Behind Prince Pipes, |
||
|
Established Date |
07.03.2007 |
SIC Code |
-- |
|
Telephone# |
91-260-2645359 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-260-2645356 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Extruded Polymer Sheets |
|
|
# of employees |
Not Available |
Product Name 2 |
Plastic Piping System and PP Flute Boards Solution. |
|
Paid up capital |
Rs. 74,042,460/- |
Product Name 3 |
PP Flute Boards Solution |
|
Shareholders |
Bodies corporate (0.33%) Directors or
relatives of Directors (83.24%) Other top fifty shareholders (10.99%) Others (5.44%) |
Banking |
Bank of |
|
Public Limited Corp. |
NO |
Business Period |
4 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B (29) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associate |
|
Rajesh Udhyog |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
134,277,000 |
Current Liabilities |
19,367,000 |
|
Inventories |
55,349,000 |
Long-term Liabilities |
172,978,000 |
|
Fixed Assets |
146,533,000 |
Other Liabilities |
15,782,000 |
|
Deferred Assets |
000 |
Total Liabilities |
208,127,000 |
|
Invest& other Assets |
7,457,000 |
Retained Earnings |
61,447,000 |
|
|
|
Net Worth |
135,489,000 |
|
Total Assets |
343,616,000 |
Total Liab. & Equity |
343,616,000 |
|
Total Assets (Previous Year) |
247,122,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
471,477,000 |
Net Profit |
24,979,000 |
|
Sales(Previous yr) |
449,134,000 |
Net Profit(Prev.yr) |
24,047,000 |
MIRA
INFORM REPORT
|
Report Date : |
23.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
SHREE TNB POLYMERS LIMITED |
|
|
|
|
Registered
Office : |
Sr. No. 132/1/1/4, Behind Prince Pipes, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
07.03.2007 |
|
|
|
|
Com. Reg. No.: |
54-000242 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs. 74.042
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209DN2007PLC000242 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Extruded Polymer Sheets, Plastic Piping
System and PP Flute Boards Solution. |
|
|
|
|
No. of Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 540000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Trade relations
are reported as fair. Business is active. Payments are reported to be slow
but correct. The company can be considered for
business dealings with some caution. |
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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
Sr. No. 132/1/1/4, Behind Prince Pipes, |
|
Tel. No.: |
91-260-2645359 |
|
Fax No.: |
91-260-2645356 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
339/2628, Motial Nagr-II Opposite Bangur Nagar Police Chowky, |
|
Tel. No.: |
91-22-28726449 |
|
Fax No.: |
91-22-28726022 |
DIRECTORS
As on 21.08.2010
|
Name : |
Mr. Dilip Pranlal Joshi |
|
Designation : |
Whole Time Director |
|
Address : |
Poonam Complex, Kil Vani Naka, Silvassa-396230, Dadar |
|
Date of Birth/Age : |
05.10.1958 |
|
Date of Appointment : |
01.09.2010 |
|
DIN No.: |
01603776 |
|
|
|
|
Name : |
Mr. Brijmohan Lalchand Maheshwari |
|
Designation : |
Managing Director |
|
Address : |
B-1, 302, Jamnotri Sadan, Bangur Nagar, Goregaon (West), Mumbai, |
|
Date of Birth/Age : |
03.03.1948 |
|
Date of Appointment : |
07.03.2007 |
|
DIN No.: |
00477407 |
|
|
|
|
Name : |
Mr. Vijay Jaysukhlal Thosani |
|
Designation : |
Director |
|
Address : |
101, Pran Jyot Appartment, Amli, |
|
Date of Birth/Age : |
01.06.1960 |
|
Date of Appointment : |
07.03.2007 |
|
DIN No.: |
01067515 |
|
|
|
|
Name : |
Mr. Mahesh Kumar Tejraj Inani |
|
Designation : |
Director |
|
Address : |
Flat No. 301, 3rd Floor, Sea View CHS, Bangur Nagar, |
|
Date of Birth/Age : |
30.04.1972 |
|
Date of Appointment : |
06.10.2009 |
|
Date of Ceasing: |
01.09.2010 |
|
DIN No.: |
01491060 |
|
|
|
|
Name : |
Mr. Piyush Hasmukhlal Mehta |
|
Designation : |
Director |
|
Address : |
Solsumba, Ta-Umbergaon, District Valsad, Umbergaon-396165, |
|
Date of Birth/Age : |
13.05.1973 |
|
Date of Appointment : |
06.10.2009 |
|
Date of Ceasing: |
01.09.2010 |
|
DIN No.: |
02380540 |
|
|
|
|
Name : |
Mr. Rohitkuman N Yaljnik |
|
Designation : |
Whole Time Director |
|
Address : |
2, Deep Kiuran Co-Operative Society, G.I.D.C., Vapi, |
|
Date of Birth/Age : |
08.11.1950 |
|
Date of Appointment : |
07.03.2007 |
|
Date of Ceasing: |
06.10.2009 |
|
|
|
|
Name : |
Mr. Babubhai Rudani |
|
Designation : |
Whole Time Director |
|
Address : |
A-5, Yogi Darshanl, Amli, |
|
Date of Birth/Age : |
01.06.1952 |
|
Date of Appointment : |
07.03.2007 |
|
Date of Ceasing: |
06.10.2009 |
|
|
|
|
Name : |
Mr. Atul H Mehta |
|
Designation : |
Director |
|
Address : |
402, |
|
Date of Birth/Age : |
28.03.1963 |
|
Date of Appointment : |
07.03.2007 |
|
Date of Ceasing: |
06.10.2009 |
|
|
|
|
Name : |
Mr. Narainkumar Gilani |
|
Designation : |
Director |
|
Address : |
E-202, Narayan Vihar, |
|
Date of Birth/Age : |
09.07.1960 |
|
Date of Appointment : |
07.03.2007 |
|
Date of Ceasing: |
06.10.2009 |
|
|
|
|
Name : |
Mrs. Reeta D Raura |
|
Designation : |
Director |
|
Address : |
B-203, Raj Hansh Complex, |
|
Date of Birth/Age : |
22.07.1965 |
|
Date of Appointment : |
07.03.2007 |
|
DIN No.: |
06.10.2009 |
KEY EXECUTIVES
|
Name : |
Mr. Jignesh Anubhai Shah |
|
Designation : |
Secretary |
|
Address : |
B-101, Sahaj Baug Apartment, Opposite Shital Baug Apartment, Near
Parimal Railway Crossing, Paldi, Ahmedabad-380007, |
|
Date of Birth/Age : |
03.12.1970 |
|
Date of Appointment : |
06.10.2009 |
|
Date of Ceasing: |
21.08.2010 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 21.08.2010
|
Names of Shareholders |
|
No. of Shares |
|
Brij Mohan Maheshwari |
|
713125 |
|
Vijay Jaysukhlal Thosani |
|
693125 |
|
Dilip Bhai P Joshi |
|
676912 |
|
Reeta Raura |
|
676875 |
|
Bina Vijay Thosani |
|
414875 |
|
Vilas Ben Dilip Bhai Joshi |
|
406125 |
|
Narayan K Gillani |
|
375062 |
|
Rohit N Yagnik |
|
368625 |
|
Hetal Dinesh Tank |
|
338437 |
|
Pranav M Mehta |
|
338437 |
|
Babubhai K Rudani |
|
303125 |
|
Harshaben Rohit Yagnik |
|
270750 |
|
Harnish N Zatakiya |
|
241906 |
|
Jay J Teraiya |
|
169218 |
|
Hemanshu Harilal Mehta |
|
167875 |
|
Atul Harilal Mehta |
|
161625 |
|
Rajesh Brijmohan Maheshwari |
|
140375 |
|
Narendra B Maheshwari |
|
140375 |
|
Nandkishore Maheshwari |
|
140375 |
|
Deepak Hemani |
|
37500 |
|
Shrinidhi Bakulbhai Bhatt |
|
33825 |
|
Rushbah A Mehta |
|
26250 |
|
Bhalabhai Savjibhai Rangparia |
|
25750 |
|
Khodidasbhai Kanjibhai Rudani |
|
25750 |
|
Valjibhai Kanjibhai Rudani |
|
25750 |
|
Roshni Hemnani |
|
25000 |
|
Alkaben A Mehta |
|
21250 |
|
Preeti H Mehta |
|
18750 |
|
Dhaval Ambashankar Mehta |
|
16912 |
|
Gahanshyam Ravjibhai RAngparia |
|
12875 |
|
Hasmukhbhai Popatbhai Ghadiya |
|
12875 |
|
Ami A Thosani |
|
12500 |
|
Dinesh Tank |
|
12500 |
|
Kamlesh Pranlal Joshi |
|
12500 |
|
Piyushll Hasmukhlall Mehta |
|
12500 |
|
Nilesh Kantiala Mehta |
|
10000 |
|
Bipinchandra J Vadhani |
|
8750 |
|
Jyoti Bipinchandra Vadhani |
|
8162 |
|
Rajni Maheshwari |
|
7500 |
|
Seema Maheshwari |
|
7500 |
|
Sapna Rajesh Maheshwari |
|
7500 |
|
Jugal Kishore Somani HUF |
|
6250 |
|
Daksha Navin Rawal |
|
6250 |
|
Dakshaben P Tank |
|
6250 |
|
Prakash D Tank |
|
6250 |
|
Amarlata Maheswari |
|
5750 |
|
Kalpesh Nyualbhai Zatakiya |
|
5000 |
|
Nyal Chand Tarachan Zatakia |
|
5000 |
|
Devendra Kumar |
|
5000 |
|
Bimal V Shah |
|
5000 |
Equity Share Breakup (Percentage of Total Equity)
As 30.09.2010
|
Category |
Percentage |
|
Bodies corporate |
0.33 |
|
Directors or relatives of Directors |
83.24 |
|
Other top fifty shareholders |
10.99 |
|
Others |
5.44 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Extruded Polymer Sheets, Plastic Piping
System and PP Flute Boards Solution. |
||||||
|
|
|
||||||
|
Products : |
|
PRODUCTION STATUS AS ON (31.03.2010)
|
Particulars |
Unit |
|
Installed
Capacity |
Actual
Production |
|
Plastic Sheets, Pipes, Roda, Fittings |
Metric Ton |
|
13170 |
5607 |
Note:
Installed capacities are certified by the managing
director and relied upon by the auditors.
Production of
pies and fittings include product on Job Work Basis.
GENERAL INFORMATION
|
Customers : |
|
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
Bank of Baroda, Silvassa Branch, Adivasi Vikas Sangathan Bhavan,
Tokarkhada, Opposite Pioneer Hotel, Silvassa-396230, Dadar Nagar Haveli,
India |
|||||||||||||||
|
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|
|||||||||||||||
|
Facilities : |
|
|||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
PN and Associates Chartered Accountant |
|
Address : |
208, Skylon Complex, Near GIDC Char Rastal, Vapi-396195, |
|
|
|
|
Associates: |
|
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
Rs. 10/- each |
Rs. 120.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7404246 |
Equity Shares |
Rs. 10/-
each |
Rs. 74.042
Millions |
Note:
Out of the above shares, 1480846, shares are
allotted as fully paid by way of bonus
share out of profit and loss A/C.
Out of the above shares, 5040000 shares issued
other than cash for acquisition of running partnership business.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
74.042 |
59.234 |
61.234 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
61.447 |
51.276 |
27.229 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
135.489 |
110.510 |
88.463 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
172.978 |
121.651 |
98.728 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
172.978 |
121.651 |
98.728 |
|
|
DEFERRED TAX LIABILITIES |
7.536 |
4.756 |
2.047 |
|
|
|
|
|
|
|
|
TOTAL |
316.003 |
236.917 |
189.238 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
146.533 |
107.476 |
73.673 |
|
|
Capital work-in-progress |
7.449 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.008 |
0.008 |
0.008 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
55.349
|
50.334 |
31.612 |
|
|
Sundry Debtors |
76.699
|
33.828 |
54.001 |
|
|
Cash & Bank Balances |
16.423
|
25.096 |
15.449 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
41.155
|
29.363 |
24.696 |
|
Total
Current Assets |
189.626
|
138.621 |
125.758 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
6.678
|
3.942 |
9.287 |
|
|
Other Current Liabilities |
12.689
|
2.126 |
2.059 |
|
|
Provisions |
8.246
|
4.137 |
0.000 |
|
Total
Current Liabilities |
27.613
|
10.205 |
11.346 |
|
|
Net Current Assets |
162.013
|
128.416 |
114.412 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
1.017 |
1.145 |
|
|
|
|
|
|
|
|
TOTAL |
316.003 |
236.917 |
189.238 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
471.477 |
449.134 |
287.274 |
|
|
|
Other Income |
0.696 |
1.700 |
0.303 |
|
|
|
TOTAL (A) |
472.173 |
450.834 |
287.577 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumption |
350.231 |
318.722 |
222.613 |
|
|
|
Manufacturing and Other Direct Expenses |
32.544 |
28.445 |
16.182 |
|
|
|
Payments and provision to employees |
17.437 |
11.731 |
5.871 |
|
|
|
Administrative Expenses |
25.213 |
29.138 |
14.071 |
|
|
|
Preoperative Expenses |
0.000 |
0.000 |
0.127 |
|
|
|
Increase/ Decrease in Stock |
[16.048] |
1.253 |
[1.470] |
|
|
|
TOTAL (B) |
409.377 |
389.289 |
258.737 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
62.796 |
61.545 |
30.183 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
14.384 |
17.838 |
13.206 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
48.412 |
43.707 |
16.977 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
12.082 |
9.834 |
6.420 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
36.330 |
33.873 |
10.557 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
11.351 |
9.826 |
3.664 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
24.979 |
24.047 |
6.893 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
30.940 |
6.893 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
55.919 |
30.940 |
6.893 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
46.029 |
48.271 |
4.219 |
|
|
|
Capital Goods |
30.125 |
4.390 |
32.784 |
|
|
TOTAL IMPORTS |
76.154 |
52.661 |
37.003 |
|
|
|
|
|
|
|
|
|
|
Basic/ Diluted
Earnings Per Share (Rs.) |
3.37 |
3.25 |
1.16 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
5.29
|
5.33 |
2.40 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.71
|
7.54 |
3.67 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.81
|
13.76 |
5.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27
|
0.31 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.48
|
1.19 |
1.24 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.87
|
13.58 |
11.08 |
LOCAL AGENCY FURTHER INFORMATION
New Projects:
The company is striving hard to select the best possible projects to be taken
up in line with the existing portfolio and new ventures. The various projects
short listed includes addition of one PP flute machine, One solid sheet line,
one new pipe plant during the regular addition of capacities in existing units.
The company is planned further addition of capacities inot diversified lines
with the assistance of IPO proceeds. The team is working on R and D and market
research of various products and looking forward to visit K2010 exhibition to
freeze the best project. Company with its dedicated team plans for bright
future for its stake holders.
Contingent
Liabilities not provided for in respect of:
|
Particulars |
31.03.2010 Rs.
in Millions |
|
a) Unexprire Letter of Credit |
2.221 |
|
b) Disputed Liabilities for Income
Tax (Which Appeal is Pending) |
1.617 |
|
c) Expected Liabilities of Income Tax for Which Assessment pending |
1.693 |
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U25209DN2007PLC000242 |
|
Name of the company
|
SHREE TNB POLYMERS LIMITED |
|
Address of the
registered office or of the principal place of business in |
Sr. No. 132/1/1/4, Behind Prince Pipes, |
|
This form is for |
Modification of
Charge |
|
Charge
identification number of the charge to be modified |
10073361 |
|
Type of charge |
Book Debts Movable Property |
|
Particular of
charge holder |
Bank of Baroda, Silvassa Branch, Adivasi Vikas Sangathan Bhavan,
Tokarkhada, Opposite Pioneer Hotel, Silvassa-396230, Dadar Nagar Haveli,
India |
|
Nature of
instrument creating charge |
Composite
Agreement of Hypothecation of Goods, Book Debts, Movable Machineyr and
Vehicles |
|
Date of
instrument Creating the charge |
29.03.2011 |
|
Amount secured by
the charge |
Rs. 89.587
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest Term Loan 2- 4%
above base rate i.e. 13.50% p.a. at pr. W.mr.r demand loan – same. Term Loan 3-
Same, cash credit (hypo of stock and book debts) – 3.25% above base rate i.e.
12.75% p.a. w.m.r. Terms of
Repayment Term Loan 2-72
monthly installment of Rs. 0.250 Million demand loan – 36 monthly
installments of Rs. 0.100 Million each, term loan 3-60 monthly installments
of Rs. 0.500 Million each, CC- on demand. Margin Term Loan 2- 25%, Demand loan – 25%, Ter, Loan 2 –
29%, CC- 25% combined margin on RM,
SIP, FG, Stores and Spares and Packaging materials and on book debts uptol 90
days, Ban Guarantee- 10% cash margin (reduced from 25%) Extent and
Operation of the charge The charge is
secured against the properties of the company until the loan and interest are
fully paid up. |
|
Short particulars
of the property charged |
Hypothecation of
movable machinery located at S. No. 132/1/1/4 withing village limit of Athal,
Silvassa, D and NH. Hypothecation of
raw material, stock in process, finished goods, store and spares etc. Hypothecation of
book debts. |
|
Date of
instrument modifying the charge |
11.11.2009 |
|
Particulars of
the present modification |
Change schedule
Overall limits
have been changed from Rs. 93.950 Million to Rs. 89.587 Millions. |
Fixed Assets:
·
·
·
Plant and Machinery
·
Electrical Installation
·
Office Equipments
·
Furniture and Fixture
·
Air Conditioner
·
Computer
·
Industrial Gala
·
Weighing Scale
·
Fax Machine
·
Fir Fight Equipment
·
Laboratory Equipments
·
Generator
·
·
Staff Quarter
·
EPABX System
·
Micro Meter and Vernier
Caliper
·
Refrigerator
·
Water Cooler
·
Motor Car
·
Vehicle Two Wheeler
·
Photo Copy Machine
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.38 |
|
|
1 |
Rs.72.84 |
|
Euro |
1 |
Rs.63.87 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
-- |
|
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 |
|
TOTAL |
|
29 |
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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.