|
Report Date : |
21.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
SHIVAKRITI INTERNATIONAL LIMITED w.e.f. 01.10.2009 |
|
|
|
|
Formerly Known
As : |
SHIVAKRITI INTERNATIONAL PRIVATE LIMITED |
|
|
|
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Registered
Office : |
D-224, Tulsi Marg, |
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|
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Country : |
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|
|
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Financials (as
on) : |
31.03.2011 |
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|
|
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Date of
Incorporation : |
24.05.2005 |
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|
|
|
Com. Reg. No.: |
17-020785 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 40.164 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45201RJ2005PLC020785 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JPRS08519A |
|
|
|
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PAN No.: [Permanent Account No.] |
AALCS5957L |
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|
|
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Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
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Line of Business
: |
Providing Railway Construction Services |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRAs Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 314260 |
|
|
|
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Trade relations are reported as fair. Business
is active. Payments are reported to be usually correct and as per
commitments. The company can be considered normal 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) |
|
India |
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 : |
D-224, Tulsi Marg, |
|
Tel. No.: |
91 141 - 4040479 |
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Fax No.: |
91 141 - 4024361 |
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E-Mail : |
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Website : |
|
|
|
|
|
Corporate Office : |
7th Floor, Ajmer
Puliya, Jaipur 302006, Rajasthan, India |
|
Tel. No.: |
91 141 4040479 |
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Fax No.: |
91 141 4024361 |
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E-Mail : |
|
|
|
|
|
Branches : |
C-204, Ground Floor, Sushant
Lok, Phase-I, Gurgaon 122002, Haryana, India |
|
E-Mail : |
DIRECTORS
(AS ON 30.09.2011)
|
Name : |
Mr. Aditya Awasthi |
|
Designation : |
Director |
|
DIN No.: |
01801065 |
|
Address : |
D-224, Tulsi Marg, |
|
Date of Birth/Age : |
06.05.1984 |
|
Date of Appointment : |
24.05.2005 |
Other Directorship
|
|
Name : |
Mr. Shiv Dayal Sharma |
|
Designation : |
Chairman Cum Managing Director |
|
DIN No.: |
00233001 |
|
Address : |
D-224, Tulsi Marg, |
|
Date of Birth/Age : |
04.07.1949 |
|
Date of Appointment : |
31.03.2009 |
Other Directorship
|
|
Name : |
Ms. Shanti Devi Sharma |
|
Designation : |
Director |
|
DIN No.: |
01796281 |
|
Address : |
D-224, Tulsi Marg, |
|
Date of Birth/Age : |
26.03.1952 |
|
Date of Appointment : |
24.05.2005 |
Other Directorship
|
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Aditya Awasthi |
|
1011000 |
|
Ms. Shanti Sharma |
|
505000 |
|
Mr. Shiv Dayal Sharma |
|
2500000 |
|
Mr. Sankalp Shukla |
|
110 |
|
Mr. H. K. Padi |
|
110 |
|
Mr. Rajkumar |
|
110 |
|
Ms. Aradhana Sharma |
|
110 |
|
Total |
|
4016440 |
List of Allottee as on 17.03.2012
|
Names of Allottee |
|
No. of Shares |
|
S D Sharma |
|
1000000 |
(AS ON 30.09.2011)
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
99.99 |
|
Other top fifty shareholders |
|
0.01 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Railway Construction Services |
GENERAL INFORMATION
|
Bankers : |
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Facilities : |
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Banking
Relations : |
--- |
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Auditors : |
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|
Name : |
Ramesh C. Jain and Associates Chartered Accountants |
|
Address : |
610, Bordi Ka Rasta, Kishan Pole Bazar, Jaipur 302003, |
|
Tel. No.: |
91-141-2324732, 2322306 |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,00,00,000 |
Equity Share |
Rs.10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40,16,440 |
Equity Share |
Rs.10/- each |
Rs. 40.164
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 |
40.164 |
40.164 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
10.060 |
|
|
3] Reserves & Surplus |
38.401 |
23.031 |
9.503 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
78.565 |
63.195 |
19.663 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
32.211 |
30.031 |
3.497 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
32.211 |
30.031 |
3.497 |
|
|
DEFERRED TAX LIABILITIES |
1.886 |
1.450 |
0.633 |
|
|
|
|
|
|
|
|
TOTAL |
112.662 |
94.676 |
23.793 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
45.657 |
35.493 |
10.250 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.103 |
0.103 |
0.103 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
46.898
|
12.101 |
11.936 |
|
|
Sundry Debtors |
25.752
|
68.057 |
3.880 |
|
|
Cash & Bank Balances |
1.625
|
0.826 |
23.308 |
|
|
Other Current Assets |
82.265
|
39.765 |
20.385 |
|
|
Loans & Advances |
40.002
|
2.958 |
5.341 |
|
Total
Current Assets |
196.542
|
123.707 |
64.850 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
47.569
|
41.450 |
13.058 |
|
|
Other Current Liabilities |
74.978
|
17.675 |
34.581 |
|
|
Provisions |
7.537
|
6.155 |
4.633 |
|
Total
Current Liabilities |
130.084
|
65.280 |
52.272 |
|
|
Net Current Assets |
66.458
|
58.427 |
12.578 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.444 |
0.653 |
0.862 |
|
|
|
|
|
|
|
|
TOTAL |
112.662 |
94.676 |
23.793 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
258.866 |
223.145 |
187.537 |
|
|
|
Other Income |
1.303 |
1.145 |
0.186 |
|
|
|
TOTAL (A) |
260.169 |
224.290 |
187.723 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Work Cost |
191.440 |
176.318 |
158.533 |
|
|
|
Payment to Employees |
17.523 |
12.387 |
5.459 |
|
|
|
Administrative and other Expenses |
23.577 |
13.450 |
8.278 |
|
|
|
TOTAL (B) |
232.540 |
202.155 |
172.270 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
27.629 |
22.135 |
15.453 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.746 |
0.492 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
24.883 |
21.643 |
15.454 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.539 |
1.133 |
0.254 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
23.344 |
20.510 |
15.199 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
7.974 |
6.982 |
5.241 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
15.370 |
13.528 |
9.958 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS BALANCE BROUGHT FORWARD |
23.031 |
9.503 |
(0.456) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
38.401 |
23.031 |
9.502 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
5.90
|
6.03 |
5.30 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.01
|
9.19 |
8.10 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.63
|
12.88 |
20.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29
|
0.32 |
0.77 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.06
|
1.50 |
2.83 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.51
|
1.89 |
1.24 |
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 |
No |
|
5)
Type of Business |
Yes |
|
6)
Line of Business |
Yes |
|
7)
Promoter's background |
Yes |
|
8)
No. of employees |
No |
|
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 |
No |
|
17)
Major suppliers |
No |
|
18)
Major customers |
No |
|
19)
Payments terms |
No |
|
20)
Export / Import details (if applicable) |
-- |
|
21)
Market information |
-- |
|
22)
Litigations that the firm / promoter involved in |
-- |
|
23)
Banking Details |
Yes |
|
24)
Banking facility details |
Yes |
|
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
|
Note Corporate office address
of the company has shifted from H-49-A Tulsi marg Bani Park, Jaipur 302016,
Rajasthan, India to New address 7th Floor,
Ajmer Puliya, Jaipur 302006, Rajasthan, India
Note Branch office address of the company has shifted from C-890, 1st
Floor, Sushant Lok, Phase-I, Gurgaon 122002, Haryana, India to New address C-204, Ground Floor, Sushant Lok, Phase-I, Gurgaon
122002, Haryana, India
OPERATIONS AND
PERFORMANCE REVIEW:
As is evident from
the figures that the journey this year had been remarkable since achieving a
turnover of Rs.260.169 millions as compared to Rs.224.290 millions in last
financial year itself shows the confidence showed by market in the Company. The
Company had a reasonably satisfying year wherein they had been able to achieve
a profit before tax of Rs. 23.344 Millions from a net profit before tax of
Rs.20.511 Millions in last financial year.
The Company in the
meanwhile continued its growth at its unabated pace, with a strong performance
in its segment. As they continue to be very confident on the future business
prospects, they have been investing in expanding infrastructure and related
research and human capital.
Furthermore the
Company has successfully demonstrated in past one year or so to achieve fast
success in all its new projects. They have always expanded in fields that are
synergistic to their current business and where they can leverage their
strengths in marketing and customer relations.
FUTURE PROSPECTS AND MANAGEMENT OUTLOOK:
It is widely known
fact that the Indian Railways owns and manages one of the largest Railway
networks of the world. There are huge potential available to execute various
project of signaling & telecommunications, New BG lines, Gauge conversions,
Dedicated Freight Corridor etc in Indian Railways. Also the Ministry of
Railways has decided to redevelop major stations into World Class Stations
benchmarked with the worlds best stations. These projects are to be executed
with private sector.
The spending on
infrastructure tends to rise considerably and the company tends to benefit out
of it the most. The Company has got the requisite technical expertise and is
continuously trying to infuse financial capability to take up opportunities
available specifically in the railway sector.
The Company is
expected to improve upon the operating efficiency and return on capital
employed considerably. The directors are hopeful that the present trend of
performance shall be sustained by the Company in the years to come.
The company has
forayed into building of railway sidings which has great potentials of revenues
in the future keeping in view the ongoing capex investments undertaken by
leading companies specifically in cement, steel, aluminum and power sectors.
Private railway siding will be needed in all these sectors. Shivakriti has
already undertaken projects from various companies and is in talks with other
players to get more such business.
The company is
continuously looking for opportunities to extend its operations. The efforts to
control cost by introduction of cost effective machinery and equipment is
continuously on.
The management is
confident that with its visionary approach and meticulous planning, the company
will be moving the way ahead in this competitive market.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U45201RJ2005PLC020785 |
|
Name of the
company |
SHIVAKRITI INTERNATIONAL
LIMITED |
|
Address of the
registered office or of the principal place of business in |
D-224,Tulsi Marg, |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10125168 |
|
Type of charge |
Immovable property Book debts Movable property (not being pledge) Floating charge |
|
Particular of
charge holder |
IDBI Bank Limited IDBI Towerwtc Complex, Cuffe Parade, Mumbai -400005, |
|
Nature of
instrument creating charge |
i) Letter confirming Mortgage : letter No CSCJPR NO 4267A/SME-SIL
DATED 13TH AUGUST,2010 |
|
Date of
instrument Creating the charge |
12.08.2010 |
|
Amount secured by
the charge |
Rs. 157.500 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
(a) Rate of interest I) C C Limit: At BPLR (Present BPLR Is 13.25%P.A.) Interest Payable On
Monthly Rests II) FOR BG AND LC: AT Commission 1.25% (b) Terms of repayment I) FOR Cash Credit : Payable On Demand Ii) For Bank Guarantee :Return Of Original Bank Guarantee On Or Before
The Date Of Expiry III) For Letter Of Credit : Not To Exceed 180 Days And Honouring
Commitment On Due Dates. (c) Margin I) For Cash Credit :25% Of Current Assets Comprising RW/WIP/FG And
Receivable (Not More Than 180 Days) II) For Bank Guarantee : 10% Margin By Way Of FDR III) For Letter Of Credit : 10% Margin By Way Of FDC (d) Extent and operation of the charge I) First Charge Over Movable Properties Incld. Entire Current Assets,
Movable P & M, Spares, Stocks, Book Debts And Other Current Assets Of The
Company (Present & Future) II) EM By Deposit Of Title Deeds On Co's Immovable Property Comprise
Of Office No.707&708, 7th Floor Having Built Up Area Of 2250 Sq Ft And
Open Terrace Space Bearing No.709&710 Adjoining To Office No.707&708
On 7th Floor Having Built Up Area 1717.50 Sq Ft At Corporate Park Plot 8
& 9, Gopal Bari, Ajmer Road, Jaipur (Rajasthan) |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Entire Stock Of Raw Material, Semi Finished And Finished Goods,
Consummable Stores, Spares, Book Debts, Bills Whether Documentary Or Clean,
Oustanding Receivables And Whole Of Movable Properties Including Movable
Plant & Machinery, Spares, Tools And Accessories And Other Movable Both
Present & Future, Whether Installed Of Not, Vehicles And Other
Equipments. EM By Deposit Of Title Deeds On Co's Immovable Property Comprise Of
Office No.707&708, 7th Floor Having Built Up Area Of 2250 Sq Ft And Open
Terrace Space Bearing No.709&710 Adjoining To Office No.707&708 On
7th Floor Having Built Up Area 1717.50 Sq Ft At Corporate Park Plot 8 &
9, Gopal Bari, Ajmer Road, Jaipur (Rajasthan) The Charge Will Operate As A
Continuous Security For The Due Repayment By The Company To IDBI Together
With Interest, Other Interest, Liquidated Damages, Charges, Commitment
Charges Costs, Etc. |
|
Date of
instrument modifying the charge |
20.01.2010 |
|
Particulars of
the present modification |
EM By Deposit Of Title Deeds On Co's Immovable Property Comprise Of Office
No.707&708, 7th Floor Having Built Up Area Of 2250 Sq Ft And Open Terrace
Space Bearing No.709&710 Adjoining To Office No.707&708 On 7th Floor
Having Built Up Area 1717.50 Sq Ft At Corporate Park Plot 8 & 9, Gopal
Bari, Ajmer Road, Jaipur (Rajasthan) Together With All Building/Construction,
P&M Attached To The Earth Or Permanently Fastened To Anything Attached To
Earth, Furniture, Fixtures And Fittings Erected/Installed. |
|
This form is for |
Creation of charge |
|
Corporate identity number of the company |
U45201RJ2005PTC020785 |
|
Name of the
company |
SHIVAKRITI
INTERNATIONAL PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
D-224,TULSI MARG,
|
|
Type of charge |
|
|
Particular of
charge holder |
IDBI Bank Limited IDBI Towerwtc Complex, Cuffe Parade, Mumbai -400005, |
|
Nature of
description of the instrument creating or modifying the charge |
LOAN- CUM-
HYPOTHECATION AGREEMENT SANCTION LETTER |
|
Date of
instrument Creating the charge |
22.09.2008 |
|
Amount secured by
the charge |
Rs. 37.500
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest i) For Cash
Credit Limit : At BPLR (Present BPLR Is
14.25% P.A.) Interest Payable On The First Day Of Every Month. ii) For Bank
Guarantee : At Commission 1.25% P.A. Plus Service Tax Payable Upfront. Terms of
Repayment i) For Cash
Credit Limit : Repayable On Demand ii) For Bank
Guarantee : Return Of Original Guarantee On Or Before The Date Of Expiry. Margin i) For Cash
Credit Limit : 25% Of Current Asset Comprising RW/WIP/FG And Receivables (Not
More Than 180 Days) ii) For Bank
Guarantee : 10% Margin By Way Of FDR. Extent and
Operation of the charge First Charge Over
Movable Properties Including Entire Current Assets, Movable Plant And
Machinery, Spares, Stocks, Book Debts And Other Current Assets Of The Company
(Present And Future). |
|
Short particulars
of the property charged |
Entire Stocks Of Raw
Materials, Semi-Finished And Finished Goods, Consumable Stores, Spares, Book
Debts, Bills Whether Documentry Or Clean, Outstanding Receivables And Whole
Of Movable Properties Including Movable Plant And Machinery, Spare, Tools And
Accessories And Other Movable Both Present And Future (Save And Except Book
Debts) Whether Installed Or Not, Vehicles And Other Equipments |
|
Corporate identity number of the company |
U45201RJ2005PTC020785 |
|
Name of the company |
SHIVAKRITI
INTERNATIONAL LIMITED |
|
Address of the registered office or of the
principal place of business in |
D-224,Tulsi Marg, |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book Debts Movable Property Floating Charge |
|
Particular of charge holder |
Bank of India Main Branch, M.I.Road, Jaipur 302001,
Rajasthan, India |
|
Nature of instrument creating charge |
1.Agreement for CC and Bank Guarantee. 2.General Counter Guarantee and Indemnity covering
Several guarantees within sanctioned guarantee limit. 3.General Counter-Guarantee &
Indemnity by A Surety/Sureties Covering Several Guarantees within the
sanctioned Guarantee limit. 4.Board Resolution. |
|
Date of instrument Creating the charge |
19.07.2011 |
|
Amount secured by the charge |
Rs. 47.500 Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest Interest @ 8.50% over Bank of India Base Rate
presently effective rate 18.50% per annum with monthly rests subject to
change from time to time Terms of Repayment Repayable on Demand. Margin BG Margin : 5% (TDR) TOD : NIL Extent and Operation of the charge The charge will operate as first charge to
the extent of Rs.47.500 millions to secure TOD Limit of Rs.2.500 millions and
Bank Guarantee limit of Rs.45.000 millions granted by the Bank to the
Company. Others Commission on BG to be charged at applicable
rates as per bank's guidelines from time to time. |
|
Short particulars of the property charged |
First charge by way of hypothecation of
all stock of Raw Material,Work In Process,Semi Finished & Finished Goods,
lying in factory,godowns, elsewhere and including goods in transit,consumable goods, stores, spares,
all present & future book debts all other present & future current
& fixed assets of the company as a security to cover TOD limit of Rs.2.500 millions
and Bank Guarantee of Rs.45.000 millions, totaling Rs.47.500 millions granted
to the company by the bank. |
FIXED ASSETS
AS PER WEBSITE
DETAILS
Profile
Subject
provide complete Railway Infrastructure Solutions which includes Construction
of New Railway Lines/ Gauge Conversion, Port Railway Yards, Railway Sidings
etc.,
They undertake Railway Construction Projects on total turn-key basis including
Track Linking, Signaling, Telecommunications, Gauge Conversion, laying of new
Railway Lines, Over Head Traction and Civil Works (Earthwork, Bridges and
Buildings) etc.
They have a pool of dedicated team of engineers and other members who have rich
expertise in Railway Construction and are appallingly capable and technically
qualified to undertake Railway projects of all sizes.
They possess very rich experience in undertaking new projects, right from the
stage of preliminary field survey, preparation of feasibility-cum-study
reports, recommending the most economical alignment, final location surveys
etc.
Business Sector
Construction of infrastructure facilities for Surface Transport and Telecommunication
Systems Including :-
|
|
Track,
Signalling and Telecommunication, Buildings, Bridges, Fixed
Installations for electric traction, Manufacturing of Signalling Items. |
|
Metro
Rail Systems |
Track,
Signalling and Telecommunication. |
|
Telecommunication |
Optic
Fiber, Copper Cable and Wireless Networks. |
|
Civil
Works |
Buildings,
Bridges, Roads and Earth work. |
|
Environment |
Solid
Waste Treatment with Energy Recovery, Sewage, Water and |
|
Pipeline
|
Water,
Gas and Oil Distribution. |
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 Intl
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 companys 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.54.87 |
|
|
1 |
Rs.86.46 |
|
Euro |
1 |
Rs.69.48 |
INFORMATION DETAILS
|
Information Gathered
by : |
-- |
|
|
|
|
Report Prepared
by : |
NLM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
This score serves as a reference to assess SCs 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.