1. Summary Information
|
|
|
Country |
|
|
Company Name |
STRATA
GEOSYSTEMS (INDIA) PRIVATE LIMITED |
Principal Name 1 |
Mr. Ashok Bhawnani |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Narendra K. Dalmia |
|
|
|
Registration # |
11-148625 |
|
Street Address |
317, Tantia
Jogani Industrial Premises, 3rd Floor, J R Boricha Marg, Lower
Parel, Mumbai – 400011, Maharashtra, India |
||
|
Established Date |
15.09.2004 |
SIC Code |
-- |
|
Telephone# |
91-22-40635100 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-40635199 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Strata Grid |
|
|
# of employees |
120
(Approximately) |
Product Name 2 |
Neo Web |
|
Paid up capital |
Rs.21,000,000/- |
Product Name 3 |
Soil Reinforcement |
|
Shareholders |
Foreign holdings - 50.00 % Bodies corporate -33.95% Directors or
relatives of Directors - 15.43 Other top fifty shareholders -
0.62 |
Banking |
ICICI Bank |
|
Public Limited Corp. |
No |
Business Period |
8 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (42) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding Company : |
USA |
John Boyle and Company |
|
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
174,593,000 |
Current Liabilities |
95,209,000 |
|
Inventories |
36,254,000 |
Long-term Liabilities |
85,092,000
|
|
Fixed Assets |
82,875,000 |
Other Liabilities |
9,323,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
189,624,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
83,098,000 |
|
|
|
Net Worth |
104,098,000 |
|
Total Assets |
293,722,000 |
Total Liab. & Equity |
293,722,000 |
|
Total Assets (Previous Year) |
197,723,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Turnover |
377,200,000 |
Net Profit |
34,835,000 |
|
Turnover (Previous yr) |
147,900,000 |
Net Profit(Prev.yr) |
11,329,000 |
MIRA
INFORM REPORT
|
Report Date : |
22.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
STRATA GEOSYSTEMS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
317, Tantia Jogani Industrial Premises, 3rd Floor, J R Boricha
Marg, Lower Parel, Mumbai – 400011, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
15.09.2004 |
|
|
|
|
Com. Reg. No.: |
11-148625 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 21.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17299MH2004PTC148625 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS44304B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAICS3717K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Soil Reinforcement Products, Designers and
Installers of Soil Containment Systems. |
|
|
|
|
No. of Employees
: |
120 (Office : 20, Factory : 100) (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 416000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a Joint Venture with Strata Systems Inc; USA It is an established company having satisfactory track. Trade
relations are reported to be decent. Business is active. Payments are
reported to be usually correct and as per commitments. 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
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/ Head Office : |
317, Tantia Jogani Industrial Premises, 3rd Floor, J R Boricha
Marg, Lower Parel, Mumbai – 400011, Maharashtra, India |
|
Tel. No.: |
91-22-40635100/ 23016906 |
|
Fax No.: |
91-22-40635199/ 23018114 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
|
|
|
Corporate
Office: |
416, Maheshwari Chambers, 6-3-650, Somajiguda, |
|
|
|
|
Factory : |
Plot No. 62/64, Silver Industrial Estate, Bimpore, |
|
Area : |
3700 sq. ft. |
|
Location : |
Owned |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Ashok Bhawnani |
|
Designation : |
Chairman |
|
Address : |
6 Park View, Little |
|
Date of Birth/Age : |
12.03.1951 |
|
Date of Appointment : |
15.09.2004 |
|
DIN No : |
00058344 |
|
|
|
|
Name : |
Mr. Narendra K. Dalmia |
|
Designation : |
Director |
|
Address : |
603/604, |
|
Date of Birth/Age : |
05.01.1955 |
|
Date of Appointment : |
18.10.2007 |
|
DIN No : |
00071559 |
|
|
|
|
Name : |
Mr. Harold Webster Hill JR |
|
Designation : |
Director |
|
Address : |
2911, |
|
Date of Birth/Age : |
07.09.1960 |
|
Date of Appointment : |
24.09.2008 |
|
DIN No : |
02457865 |
|
|
|
|
Name : |
Mr. Chip Fuller |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
20.02.1951 |
|
Date of Appointment : |
25.10.2004 |
|
DIN No : |
02457998 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Ashok M. Bhawnani |
|
126119 |
|
Omnitex Industries (India) Limited, India |
|
720098 |
|
Strata Systems Inc, USA |
|
1220520 |
|
Sun-N-Sand Investment and Finance Company Private Limited, India |
|
108500 |
|
Mr. Narendra M. Dalmia |
|
60204 |
|
Ms. Manorma N. Dalmia |
|
46500 |
|
Mr. Gautam M. Dalmia |
|
1000 |
|
Ms. Shaily N. Dalmia |
|
1000 |
|
Ms. Vidyadevi M. Dalmia |
|
1000 |
|
Mr. Vijay Kumar M. Dalmia |
|
50000 |
|
Mr. Neeraj V. Dalmia |
|
1000 |
|
Ms. Sangeeta V. Dalmia |
|
1000 |
|
Mr. C V Kanade |
|
12205 |
|
Mr. J Ramakrishnan |
|
3045 |
|
Mr. Rajesh S. Saraf |
|
10 |
|
Nirmal Manju Ketan |
|
10 |
|
Kiron G. Advani |
|
44414 |
|
Mr. Gul R.Advani |
|
44415 |
|
Total |
|
2441040 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
50.00 |
|
Bodies corporate |
33.95 |
|
Directors or relatives of Directors |
15.43 |
|
Other top fifty shareholders |
0.62 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Soil Reinforcement Products, Designers and
Installers of Soil Containment Systems. |
||||
|
|
|
||||
|
Products : |
· Strata Grid · Neo Web · Soil Reinforcement Products · Designers ·
Installers of Soil Containment Systems
|
GENERAL INFORMATION
|
Customers : |
·
National Highways Authority of India, New Delhi ·
Public Works Department, Chattisgarh ·
Indore Development Authority, Indore ·
Punjab Infrastructure Development Board,
Chandigarh ·
Thane Municipal Corporation, Thane, Maharashtra ·
Indian Oil Corporation, Chandigarh ·
Zamil Steels, Ranjangaon, Pune ·
G G Constructions, Raipur, ·
Prakash Asphalt and Toll Highways, Mhow, ·
S P Singla Constructions, Panchkula, Haryana ·
Rajdeep Constructions, Pune ·
Soma Enterprises, Hyderabad ·
Ideal Road Builders, Mumbai |
||||||||||||||||||||||||||||||
|
No. of Employees : |
120 (Office : 20, Factory : 100) (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
·
ICICI
Bank Limited, Landmarkrace Cource Circle,
Alkapuri, Baroda - 390015, Gujarat, India ·
Bank
of India, Cumballa Hill
Branch, Delstar, N S Patkar Marg, (Huges Road), Mumbai - 400026, Maharashtra,
India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
SECURED
LOANS
(Rs. in
millions)
Note: Amount repayable within one year Rs. 10.000 millions (Previous
Years 10.000 millions) UNSECURED
LOANS
(Rs. in millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
J. G. Verma and Company Chartered Accountant |
|
Address: |
301 – B, Niranjan 99, |
|
Tel. No.: |
91-22-22813868/22814743 |
|
Fax No.: |
91-22-22838867 |
|
|
|
|
Associates/Subsidiaries : |
·
Radial Investments Private Limited ·
Biznessmart.com (India) Limited ·
Omnitex Industries (India) Limited ·
Sun-N-Sand Hotels Private Limited ·
Sunrise Commercial Private Limited ·
Saanwaria Polyester Private Limited ·
Biznessmart.Com (India) Limited ·
Dalmia Polytex Private Limited ·
Mahalaxmi Seamless Limited ·
Sharp Infrastructure private Limited |
|
|
|
|
Holding Company : |
·
Omnitex Industries (India) Limited – (Member and
Holding 33.88% Equity Shares) ·
John Boyle and Company, USA – (Member and Holding
Company of Starta Systems Inc., USA) |
|
|
|
|
Joint Venture : |
·
Strata Systems Inc., USA – (Member and Party to
Joint Venture) |
CAPITAL STRUCTURE
After As on
30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs.25.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2441040 |
Equity Shares |
Rs.10/- each |
Rs.24.410
millions |
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2250000 |
Equity Shares |
Rs. 10/- each |
Rs. 22.500 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2100000 |
Equity Shares |
Rs. 10/-
each |
Rs. 21.000
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
21.000 |
21.000 |
21.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.054 |
|
|
3] Reserves & Surplus |
83.098 |
48.267 |
45.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(7.978) |
|
|
NETWORTH |
104.098 |
69.267 |
58.076 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
71.092 |
77.638 |
66.575 |
|
|
2] Unsecured Loans |
14.000 |
13.000 |
9.637 |
|
|
TOTAL BORROWING |
85.092 |
90.638 |
76.212 |
|
|
DEFERRED TAX LIABILITIES |
0.547 |
0.009 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
189.737 |
159.914 |
134.288 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
82.875 |
83.610 |
93.244 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
36.254
|
30.594
|
14.538
|
|
|
Sundry Debtors |
142.665
|
62.073
|
31.796
|
|
|
Cash & Bank Balances |
17.513
|
5.330
|
5.943
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
14.415
|
16.116
|
14.402
|
|
Total
Current Assets |
210.847
|
114.113 |
66.679
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
65.490
|
6.760
|
12.961
|
|
|
Other Current Liabilities |
29.719
|
28.746
|
12.022
|
|
|
Provisions |
8.776
|
2.303
|
0.652
|
|
Total
Current Liabilities |
103.985
|
37.809 |
25.635 |
|
|
Net Current Assets |
106.862
|
76.304
|
41.044
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
189.737 |
159.914 |
134.288 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
377.222 |
147.973 |
63.500 |
|
|
|
Other Income |
3.074 |
2.044 |
(7.069) |
|
|
|
TOTAL (A) |
380.296 |
150.017 |
70.569 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase / Consumption of Material |
152.398 |
65.218 |
|
|
|
|
Administrative Expenses and other Expenses |
142.581 |
59.151 |
|
|
|
|
Increase In Decrease in stock |
9.083 |
(12.408) |
|
|
|
|
TOTAL (B) |
304.062 |
111.961 |
65.538 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
76.234 |
38.056 |
5.031 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
10.410 |
12.687 |
3.161 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
65.824 |
25.369 |
1.870 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
11.881 |
12.011 |
3.385 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
53.943 |
13.358 |
(1.515) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
19.108 |
(2.029) |
(0.105) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
34.835 |
11.329 |
(1.620) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
3.267 |
(7.978) |
(6.358) |
|
|
|
|
|
|
|
|
|
Less |
PRIOR PERIOD ADJUSTMENT
FOR TAXES |
0.000 |
(0.038) |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
PRIOR PERIOD
EXPENSES |
(0.004) |
(0.046) |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
38.098 |
3.267 |
(7.978) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
3.334 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
3.334
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
72.795 |
28.228 |
23.387 |
|
|
|
Stores and spares |
0.497 |
0.000 |
0.000 |
|
|
|
Capital Goods |
0.000 |
0.000 |
13.825 |
|
|
TOTAL IMPORTS |
73.292 |
28.228 |
37.212 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
16.59 |
5.35 |
(0.85) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
9.16
|
7.55 |
(2.30) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
14.30
|
9.03 |
(2.38) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
18.36
|
6.76
|
(0.95)
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.52
|
0.19
|
(0.03)
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.82
|
1.85
|
1.75
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.02
|
3.02
|
2.60
|
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
Yes |
|
5) Type of Business |
Yes |
|
6) Line of Business• |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
Yes |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
20) Export / Import details (if applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
No |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
BACKGROUND:
Subject was
incorporated in India on September 15, 2004 as a Private Limited Company under
the Companies Act, 1956 with its registered office located in Mumbai. The
Company is a Joint Venture between Strata Systems Inc., USA (a subsidiary of
John Boyle and Company, Inc. USA ) and Omnitex Industries( India) Limited,
Mumbai for manufacturing and marketing of 'Geotextilc' Products including
"Geogrids" in India and certain other countries. The Company has
commenced manufacturing activities during 2009.
OPERATIONS AND
FINANCE
During the year the Company has maintained healthy growth in turnover and profits.
The company has produced 21,40,817 SQM of STRATAGRID during the year as against 10,72,267 SQM produced during the last year.
During the year of the Company achieved a Turnover of Rs.
377.200 Million against
Rs. 147.900 million in the previous years and earned a profit after tax of Rs.
34.831 million against profit of Rs.11.245 Million the previous year.
The Company has Maintained Credit Facilities at Rs.127.500 millions.
OUTLOOK
The Company's
Manufacturing Facility fully geared up to meet the demands of the market.
During the year the company gained further market share and is on the way to
become the largest domestic supplier of GEOGRIDS in India.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U17299MH2004PTC148625 |
|
Name of the
company |
STRATA GEOSYSTEMS
(INDIA) PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
317, Tantia
Jogani Industrial. Premises, 3rd Floor, J. R. Boricha Marg, Lower Parel,
Mumbai – 400011, Maharashtra, India E-mail: jrk@strataindia.com |
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10320350 |
|
Type of charge |
Immovable property |
|
Particular of
charge holder |
ICICI Bank Limited,
Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India Email: sonia.pathania@icicibank.com
|
|
Nature of
instrument creating charge |
Vide mortgage declaration
dt- 18-Jan-2012 , First and exclusive charge by way of equitable mortgage of
Land and Building, Silver Industrial Estate, Bhimpore, Daman has been created
by Strata Geosystems (india) Private Limited in favour of ICICI Bank Limited
for securing its working capital facilities of Rs. 125 mn, Term loan 1 of Rs.
30 mn, Term loan 2 of Rs. 45 mn and Derivative limits of Rs. 10 mn |
|
Date of
instrument Creating the charge |
18.01.2012 |
|
Amount secured by
the charge |
Rs. 210.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As per sanction
terms Terms of Repayment As per sanction terms Margin As per sanction
terms Extent and Operation of the charge First and exclusive charge in favour of bank by way of equitable mortgage of Land and Building, Silver Industrial Estate, Bhimpore, Daman. |
|
Short particulars
of the property charged |
Land and
Building, Silver Industrial Estate, Bhimpore, Daman. |
|
Particulars of
the present modification |
Vide present
modification First and exclusive charge by way of equitable mortgage of Land
and Building, Silver Industrial Estate, Bhimpore, Daman has been created by Strata
Geosystems (India) Private Limited in favour of ICICI Bank Limited for
securing its overall limits of Rs. 210 mn. The hypothecation charge created
earlier on current and movables assets for overall limits of Rs. 210 mn
remains as it is. |
FIXED ASSETS
· Land – Freehold
· Factory Building at Daman
· Plant and Machinery
· Electrical Installation n
· Computers and Office Equipments
· Furniture and Fixture
· Vehicles
·
Computer Software
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.56.42 |
|
|
1 |
Rs.56.42 |
|
Euro |
1 |
Rs.71.52 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
42 |
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.