MIRA INFORM REPORT
|
Report Date : |
25.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
AJAY INDUSTRIAL CORPORATION LIMITED (w.e.f. 25.09.2008) |
|
|
|
|
Formerly Known
As : |
AJAY INDUSTRIAL CORPORATION PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
4561, Deputy Ganj, Sadar Bazar, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation
: |
07.07.2008 |
|
|
|
|
Com. Reg. No.: |
55-180573 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 100.000 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U51909DL2008PLC180573 |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAHCA1943Q |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, exporter, supplier and trader of various types of Hand Pumps,
UPVC Pipes, Flexible Hoses and Tubing, Layflat Hoses, PVC casing Pipe, PVC
Screen Pipes, PVC Layflat Hoses Pipe, PVC Suction Hose, etc. |
|
|
|
|
No. of Employees
: |
200 ( Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 940000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a successor of Ajay Industrial Corporation, a partnership
concern started in the year 1961. It is having a moderate track record. The external borrowing seems to
be huge which act as a treath to the liquidity. However, trade relations are reported to be fair. Business is active.
Payments are reported to be slow but correct. The company can be considered for business dealing with slight
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long Term rating : BBB- |
|
Rating Explanation |
ICRA has suspended its rating due to lack of information |
|
Date |
June-2011 |
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
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Pushparaj |
|
Designation : |
Marketing Manager |
|
Contact No.: |
91-9891828948 |
|
Date : |
19.04.2013 |
LOCATIONS
|
Registered Office / Head Office : |
4561, Deputy Ganj, Sadar Bazar, |
|
Tel. No.: |
91-11-23612204 |
|
|
91-120-2770679 |
|
Mobile No.: |
91-9891828948 ( Mr. Pushparaj ) |
|
Fax No.: |
91-120-2770629 / 91-11-23536205 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
18000 sp.ft. |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
13 th Floor, Gopal dass Bhawan, |
|
|
|
|
Branch Office : |
B-29 and 30, Mayapuri Industrial Area, Phase – 1, |
|
Tel. No.: |
91-11-28117056 / 51833114 |
|
Fax No.: |
91-11-28115332 |
|
E-Mail : |
ajaycpvc@vsnl.ajaypipes@yahoo.com |
|
Area : |
Owned |
|
|
|
|
Factory 1 : |
20/11, Site-IV, Sahibabad, |
|
Tel. No.: |
91-120-2770679/ 2770233/ 2770339 |
|
Fax No.: |
91-120-2770629 |
|
E-Mail : |
|
|
Area : |
Owned |
|
|
|
|
Factory 2 : |
25, Okhla Industrial Estate, Phase-1, |
|
Tel. No. : |
91-11-26911093/ 26922318 |
|
|
|
|
Factory 3 : |
20/11, Site IV, Sahibabad Industrial Area, |
|
Tel. No.: |
91-120-2770679/ 2770233/ 4770679/ 4770233/ 4770339/ 2774747 |
|
Fax No.: |
91-120-2770629/ 4770629 |
|
Location : |
Owned |
|
|
|
|
Branch Office : |
B-29 and 30, Mayapuri Industrial Area, Phase – 1, |
|
Tel. No.: |
91-11-28117056/51833114 |
|
Fax No.: |
91-11-28115332 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Marketing Office : |
B-II/29, Mohan Co-operative Industrial Estate, Badarpur Border, |
|
Tel. No.: |
91-11-65484046 |
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Devendra Chandra Jain |
|
Designation : |
Managing Director |
|
Address : |
D-6, Kalindi Colony, New Delhi-65, |
|
Date of Birth/Age : |
04.08.1941 |
|
Date of Appointment : |
07.07.2008 |
|
DIN No.: |
00070922 |
|
|
|
|
Name : |
Mr. Sharat Chand Jain |
|
Designation : |
Director |
|
Address : |
D-6, Kalindi Colony, New Delhi-65, |
|
Date of Birth/Age : |
09.03.1943 |
|
Date of Appointment : |
07.07.2008 |
|
DIN No.: |
00071010 |
|
|
|
|
Name : |
Mr. Ajay Kumar Jain |
|
Designation : |
Director |
|
Address : |
I – 14, Maharani Bagh, |
|
Date of Birth/Age : |
03.12.1954 |
|
Date of Appointment : |
07.07.2008 |
|
DIN No.: |
00148839 |
|
|
|
|
Name : |
Mr. Akhil Jain |
|
Designation : |
Whole Time Director |
|
Address : |
D-6, Kalindi Colony, New Delhi-65, |
|
Date of Birth/Age : |
03.12.1971 |
|
Date of Appointment : |
07.07.2008 |
|
DIN No.: |
00271809 |
|
|
|
|
Name : |
Mr. Rajeev Jain |
|
Designation : |
Director |
|
Address : |
D-6, Kalindi Colony, New Delhi-65, |
|
Date of Birth/Age : |
03.04.1969 |
|
Date of Appointment : |
01.01.2010 |
|
DIN No.: |
00071274 |
|
|
|
|
Name : |
Mr. Anuj Jain |
|
Designation : |
Whole Time Director |
|
Address : |
D-6, Kalindi Colony, New Delhi-65, |
|
Date of Birth/Age : |
07.09.1976 |
|
Date of Appointment : |
01.01.2010 |
|
DIN No.: |
00071779 |
|
|
|
|
Name : |
Mr. Nitin Jain |
|
Designation : |
Director |
|
Address : |
D-6, Kalindi Colony, New Delhi-65, |
|
Date of Birth/Age : |
22.04.1975 |
|
Date of Appointment : |
05.08.2010 |
|
DIN No.: |
00071131 |
KEY EXECUTIVES
|
Name : |
Ms. Preeti Jain |
|
Designation : |
Company Secretary |
|
Address : |
2675, Baradar, Ballimaran, Delhi-110 006, |
|
Date of Birth/Age : |
01.01.1981 |
|
Date of Appointment : |
01.08.2008 |
|
|
|
|
Name : |
Mr. Pushparaj |
|
Designation : |
Marketing Manager |
MAJOR SHAREHOLDERS
As on 28.09.2012
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
|
|
|
|
Mr. Devendra Chandra Jain |
3800000 |
38.00 |
|
Mr. Sharat Chand Jain |
3800000 |
38.00 |
|
Mr. Ajay Kumar Jain |
1900000 |
19.00 |
|
Mr. Rajeev Jain |
100000 |
1.00 |
|
Mr. Nitin Jain |
100000 |
1.00 |
|
Mr. Akhil Jain |
100000 |
1.00 |
|
Mr. Anuj Jain |
100000 |
1.00 |
|
Mr. Abhishek Jain |
100000 |
1.00 |
|
|
|
|
|
Total |
10,000,000 |
100 |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2012
|
Category |
Percentage |
|
|
|
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, exporter, supplier and trader of various types of Hand Pumps,
UPVC Pipes, Flexible Hoses and Tubing, Layflat Hoses, PVC casing Pipe, PVC
Screen Pipes, PVC Layflat Hoses Pipe, PVC Suction Hose, etc. |
||||||
|
|
|
||||||
|
Products : |
Hand Pumps
Other Items
|
||||||
|
|
|
||||||
|
Exports : |
|
||||||
|
Products : |
Finished Goods |
||||||
|
Countries : |
|
||||||
|
Terms : |
|
||||||
|
Selling : |
Credit |
||||||
|
|
|
||||||
|
Purchasing : |
Credit |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Units |
Units Produce
Capacity (KG.) |
Licensed
Capacity |
Installed
Capacity (KG.) |
Actual
Production (KG.) |
|
I |
P.V.C. Pipe (In Kg) Mayapuri |
N .A. |
600000.000 |
3085.850 |
|
1 |
C.P.V.C. Pipe (In Kg) Mayapuri |
N .A. |
600000.000 |
0.000 |
|
II |
Hand Pump ( In No) Sahibabad |
N .A. |
30000.000 |
17746.000 |
|
II |
P.V.C. Pipe (In Kg) Sahibabad |
N .A. |
1000000.000 |
1080909.830 |
|
II |
C.P.V.C. Pipe (In Kg) Dehradun |
N .A. |
300000.000 |
1416431.843 |
|
III |
P.V.C. Pipe (In Kg) Dehradun |
N .A. |
350000.000 |
368674.457 |
|
IV |
UPVC (In KG) Dehradun |
N .A. |
1300000.000 |
401462.359 |
|
V |
C.P.V.C. (In Kg) Satara |
N .A. |
200000.000 |
1246525.330 |
|
V |
P.V.C. (In Kg) Satara |
N .A. |
100000.000 |
717338.700 |
|
V |
Window (In Nos.) Satara |
N .A. |
15000.000 |
166.000 |
|
VI |
Window (In Nos.) |
N .A. |
15000.000 |
218.000 |
|
VII |
Window (In Nos.) |
N .A. |
15000.000 |
7810.00 |
GENERAL INFORMATION
|
|
|
||||||||||||||||||||||||||||||
|
Customers : |
End Users, Dealers |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
200 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Dharma Taneja Associates |
|
Address : |
Panjabi Bagh Extn., |
|
Tel. No.: |
91-11-25222339 / 25224932 |
|
PAN No.: |
AAAFD4122A |
|
|
|
|
Memberships : |
|
|
|
|
|
Related Parties
in the group where common control exists |
Address : E 119/120, Site
B, Surajpur Industrial Area, Surajpur, B-II 29/30, MCIE, 25, Okhla-III, CIN No. U74899DL1980PTC010508 Line of Business : Manufacturer and Exporter of PVC Profiles and
Gaskets
Address : 54, 56, 70 and
161, Okhla – III, CIN No. L74899DL1995PLC073281 Line of Business : Manufacturer
and Exporter of PVC Profiles and Gaskets
CIN No. U7488DL1994PTC062295
CIN No. U74899DL1986PTC024227 |
|
|
|
CAPITAL STRUCTURE
As on 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity shares |
Rs. 10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity shares |
Rs. 10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
STHEIRCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
100.000 |
100.000 |
100.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
133.907 |
93.616 |
92.152 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
233.907 |
193.616 |
192.152 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
339.405 |
268.017 |
159.394 |
|
|
2] Unsecured Loans |
581.137 |
524.879 |
481.266 |
|
|
TOTAL BORROWING |
920.542 |
792.896 |
640.660 |
|
|
DEFERRED TAX LIABILITIES |
11.396 |
9.382 |
6.046 |
|
|
|
|
|
|
|
|
TOTAL |
1165.845 |
995.894 |
838.858 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
322.949 |
345.044 |
339.830 |
|
|
Capital work-in-progress |
1.949 |
1.949 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
530.557
|
463.814 |
365.653 |
|
|
Sundry Debtors |
431.873
|
229.665 |
263.613 |
|
|
Cash & Bank Balances |
13.076
|
11.371 |
8.728 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
134.556
|
103.002 |
83.902 |
|
Total
Current Assets |
1110.062
|
807.852 |
721.896 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
181.486
|
104.995 |
0.000 |
|
|
Other Current Liabilities |
56.168
|
30.114 |
197.653 |
|
|
Provisions |
31.461
|
23.842 |
25.215 |
|
Total
Current Liabilities |
269.115
|
158.951 |
222.868 |
|
|
Net Current Assets |
840.947
|
648.901 |
499.028 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1165.845 |
995.894 |
838.858 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
2011.099 |
1231.400 |
1224.497 |
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw material consumed |
1536.447 |
862.610 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
(95.028) |
(31.666) |
|
|
|
|
Employee benefit expenses |
138.995 |
104.906 |
|
|
|
|
Other expenses |
261.768 |
180.158 |
|
|
|
|
TOTAL (B) |
1842.182 |
1116.008 |
1084.54 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
168.917 |
115.392 |
139.957 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
83.250 |
71.535 |
59.506 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
85.667 |
43.857 |
80.451 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
41.602 |
38.082 |
31.023 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
44.065 |
5.775 |
49.428 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
3.774 |
4.311 |
8.264 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
40.291 |
1.464 |
41.165 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
93.616 |
92.151 |
50.987 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
133.907 |
93.616 |
92.152 |
|
|
|
|
|
|
|
|
|
|
TOTAL EARNINGS |
444.981 |
348.322 |
307.584 |
|
|
|
|
|
|
|
|
|
|
Earning Per
Share |
4.03 |
0.58 |
4.94S |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
PAT / Total Income |
(%) |
2.00
|
0.11 |
3.36 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.19
|
0.47 |
4.04 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.07
|
0.50 |
4.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.03 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.94
|
4.10 |
3.33 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.12
|
5.08 |
3.24 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
------------------- |
|
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 |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
REVIEW OF
OPERATIONS :
Ajay Industrial
Corporation Ltd. (AICL) established in 1961 is a pioneer in PVC pipe manufacturing
carrying the oldest PVC pipe ISI (IS 4985) license in
The company is the
largest manufacturer of deep and shallow well hand pumps manufacturing the
widest range such as India Mark II&III, Tara,Afridev etc in the world. The
hand pumps are being exported to all major African countries. Few of their
major clients are UNICEF, leading NGOs
and various water supply departments of overnment of
- Winners
of the Largest Export Award
- All
AICL started the
plumbing pipe division with CPVC Pipes and Fittings through a licensing
agreement with M/s Lubrizol for Flow guard in 2004 and subsequently launched
Lead Free and UV-resistant UPVC Sch 40 and 80 pipes and fittings under Ajay
Greenline brand. Today the company manufactures its plumbing products at three
strategically located plants at Dehradun,
Other products of
AICL include drip and micro irrigation products being marketed in northern
The AICL?s product
range also includes En Craft UPVC Doors and Window profiles which are being supplied
to fabrication partners around the country from its Dehradun facility and also
as readymade fabricated windows through its 4 strategically located window
fabrication units.
The company’s
various facilities are accredited with ISO 9001, ISO14001 and OHSAS 18001
certifications and the piping products are approved by CBRI, CFTRI, CIPET,
SHRIRAM INSTITUTE and BMC.
AICL was the first
to use industry leading
AICL believes in
working based on its core values of high level of integrity, latest technology,
commitment, high quality and service oriented approach.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U51909DL2008PLC180573 |
|
Name of the company |
AJAY INDUSTRIAL CORPORATION LIMITED 4561, Deputy Ganj, Sadar Bazar, Email ID : preeti_ppap@yahoo.co.in |
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable property |
|
Particular of charge holder |
ICICI Bank Limited Land mark race ctheirce circle, Alkapuri, |
|
Nature of instrument creating charge |
Mortgage declaration |
|
Date of instrument Creating the charge |
06.02.2010 |
|
Amount secured by the charge |
Rs. 210.000 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
e)
Rate of Interest For WCDL : As stipulated by bank For EPC/FUBD/FBP : I – Base + 4.50%p.a. For PSFC/ Buyers Credit : 2.00% above LIBOR b)Terms of Repayment : On Demand c) Margin For CC/WCDL : Uniform margin of 25% against all components of
inventory and block debts ( cover period for debts 90 days) Letter of Credit : 10.00% Bank Guarantees covering disputed liabilities : 100% Financial Guarantees : 10.0% Performance guarantees : 10.0% d) Extent and Operation of the charge : Equitable mortgage on industrial property (land & building) at
Khasra no.1000 and 1001, village central hope town, camp road, schaqui indl.
Area, Vikas nagar, Dehradun, Uttaranchal. e) Others: The above is to secure Cash credit Rs. 150 mn, WCDL (sub limit of CC) Rs.150 mn, WCDL FC ( sub limit of CC) Rs.150 mn, EPC/PCFC(sub limit of CC) Rs.150 mn, (FUBD/FBP/PSFC) (sub limit of CC) Rs. 50 mn, Buyer credit ( sub limit of LC-I) Rs. 40 mn Buyer credit ( sub limit of LC-II) Rs. 50 mn, LC ( as a sub limit of CC) –I Rs. 50 Mn, Bank guarantee (as a sub limit of CC) Rs. 7.5 mn and LC –II Rs.60 mn. |
|
Shirt particulars of the property or Assets charged |
Equitable mortgage on industrial property (land & building 0 at Khasra No. 1000 & 1001, Village central hope town, |
Fixed Assets :
- Land
- Building
- Plant and
Equipment
- Furniture and
Fixtures
- Vehicles
- Motor
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various stheirces
including but not limited to: The Ctheirts,
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] Ctheirt Declaration :
No 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 :
Their
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.
Their 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. 54.299 |
|
|
1 |
Rs..82.877 |
|
Euro |
1 |
Rs. 70.801 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYN |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
4 |
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
36 |
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
unfavtheirable 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.