MIRA INFORM REPORT
|
Report Date : |
23.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
ZIRCON EXPORTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2/25, Kirti Nagar (W.H.S.), New Delhi – 110 015 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
07.07.1994 |
|
|
|
|
Com. Reg. No.: |
55-060093 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.24.778
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1994PTC060093 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELZ00300G DELZ00257F DELZ00094D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACZ0075D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged mainly in
dealing in import and sale of timber logs and sawn timber. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 216000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record.
There appears drastic fall in profitability during the current year. The
external borrowing of the company is exceeds its networth. 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 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like Tunisia, Egypt, Libya and Vietnam.
Once powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that India regains its growth trajectory of 8-9 % sooner than
later. This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Bank = B+ |
|
Rating Explanation |
Having high risk of default regarding timely servicing of financial
obligation |
|
Date |
February, 2013 |
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.
LOCATIONS
|
Registered Office/ Factory : |
2/25, Kirti Nagar (W.H.S.), New Delhi – 110 015, India |
|
Tel. No.: |
91-11-25423935/ 41420433/ 25457179/ 25439110 |
|
Fax No.: |
91-11-25152865 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
|
Survey # 79/1, 2, 3 and 80/1, 2 Padana Gandhidham, |
|
Tel. No.: |
91-2836-286247 |
|
Fax No.: |
91-2836-286248 |
DIRECTORS
As on 29.09.2012
|
Name : |
Mrs. Sunita Jajodia |
|
Designation : |
Director |
|
Address : |
P.O. Box-254, 393, Sector-5, Sathwara Colony, Gandhidham, Kutch – 370
201, Gujarat, India |
|
Date of Birth/Age : |
17.07.1966 |
|
Date of Appointment : |
04.08.2001 |
|
DIN No.: |
00201833 |
|
PAN No.: |
AEVPJ1454Q |
|
|
|
|
Name : |
Mrs. Suman Jajodia |
|
Designation : |
Director |
|
Address : |
E-107, Greater Kailash-II, New Delhi – 110 048, India |
|
Date of Birth/Age : |
06.10.1970 |
|
Date of Appointment : |
21.12.2005 |
|
DIN No.: |
00201884 |
|
PAN No.: |
ABXPJ0018K |
|
|
|
|
Name : |
Mrs. Anita Jajodia |
|
Designation : |
Director |
|
Address : |
P.O. Box-254, 393, Sector-5, Sathwara Colony, Gandhidham, Kutch – 370
201, Gujarat, India |
|
Date of Birth/Age : |
13.01.1964 |
|
Date of Appointment : |
04.08.2001 |
|
DIN No.: |
00201811 |
|
PAN No.: |
AEWPJ5744A |
|
|
|
|
Name : |
Mr. Sanjeev Raj Kumar Jajodia |
|
Designation : |
Director |
|
Address : |
E-107, Greater Kailash-II, New Delhi – 110 048, India |
|
Date of Birth/Age : |
30.08.1972 |
|
Date of Appointment : |
04.08.2001 |
|
DIN No.: |
00190630 |
|
PAN No.: |
ADEPJ8234R |
|
|
|
|
Name : |
Mr. Krishna Murari Jajodia |
|
Designation : |
Director |
|
Address : |
P.O. Box-254, 393, Sector-5, Sathwara Colony, Gandhidham, Kutch – 370
201, Gujarat, India |
|
Date of Birth/Age : |
03.06.1964 |
|
Date of Appointment : |
04.01.2009 |
|
DIN No.: |
00201791 |
|
PAN No.: |
AEVPJ1455R |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sunita Jajodia |
|
294000 |
|
Anita Jajodia |
|
243500 |
|
Sanjeev Kumar Jajodia |
|
350000 |
|
Jugal Kishore Jajodia |
|
500 |
|
Janaksons Import Export Private Limited, |
|
85000 |
|
United White Metal Limited, |
|
210000 |
|
Subhash Taneja |
|
10000 |
|
Jugal Kishore Jajodia HUF |
|
24000 |
|
Raj Kumar Jajodia HUF |
|
35000 |
|
Raj Kumar Jajodia |
|
10000 |
|
Nirmala Devi Jajodia |
|
130000 |
|
Suman Jajodia |
|
20000 |
|
|
|
110000 |
|
Suresh Kumar Jajodia |
|
140000 |
|
Suresh Kumar Jajodia HUF |
|
40000 |
|
Manoj Kumar Jajodia |
|
500 |
|
Tirupati Trade Links Private Limited, |
|
870000 |
|
Chandan Ben Mani Bhai Gala |
|
100 |
|
Chhaya Rajesh Nagada |
|
100 |
|
Rajesh M. Nagada |
|
100 |
|
Total
|
|
2572800 |
As on 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
45.28 |
|
Directors
or relatives of directors |
|
54.32 |
|
Other
top fifty shareholders |
|
0.40 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged mainly in
dealing in import and sale of timber logs and sawn timber. |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Licensed
Capacity |
Installed
Capacity |
|
Sawn Timber |
N.A. |
20000 (CBM) |
|
Wooden Doors* |
N.A. |
150000 (Nos.) |
|
Wooden Mouldings* |
N.A. |
300000 (Mtrs.) |
Note: *Production commenced w.e.f. 27.03.2007
|
Particulars |
Purchases/
Production |
|
Logs and Sawn Timber |
67992.61 (CBM) |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sanjay Chopra and Company Chartered Accountants |
|
Address : |
G-80, Lajpat Nagar-I, New Delhi – 110 024, India |
|
Tel. No.: |
91-11-29818446/ 29817164/ 29815857 |
|
Fax No.: |
91-11-29815857 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AARFS3500L |
|
|
|
|
Associate
Companies : |
|
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3500000 |
Equity Shares |
Rs.10/- each |
Rs.35.000 millions |
|
|
|
|
|
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2572800 |
Equity Shares |
Rs.10/- each |
Rs.25.728
millions |
|
|
|
|
|
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2382800 |
Equity Shares |
Rs.10/- each |
Rs.23.828
millions |
|
190000 |
Equity Shares (Equity Shares of Rs.10/- each, Paid-up Rs.5/- per share) |
|
Rs.0.950
million |
|
|
Total |
|
Rs.24.778 millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
24.778 |
24.778 |
|
(b) Reserves & Surplus |
|
28.361 |
26.592 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.845 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
53.984 |
51.370 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
70.704 |
79.048 |
|
(b) Deferred tax liabilities (Net) |
|
5.241 |
9.278 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
75.945 |
88.326 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
24.538 |
22.659 |
|
(b) Trade payables |
|
200.757 |
233.459 |
|
(c) Other current
liabilities |
|
29.323 |
17.771 |
|
(d) Short-term
provisions |
|
0.919 |
2.130 |
|
Total Current
Liabilities (4) |
|
255.537 |
276.019 |
|
|
|
|
|
|
TOTAL |
|
385.466 |
415.715 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
91.176 |
86.530 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
1.481 |
1.618 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
92.657 |
88.148 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
68.023 |
105.003 |
|
(c) Trade receivables |
|
170.221 |
173.583 |
|
(d) Cash and cash
equivalents |
|
1.206 |
4.982 |
|
(e) Short-term loans
and advances |
|
30.145 |
23.773 |
|
(f) Other current
assets |
|
23.214 |
20.226 |
|
Total Current Assets |
|
292.809 |
327.567 |
|
|
|
|
|
|
TOTAL |
|
385.466 |
415.715 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
24.778 |
|
|
2] Share Application Money Pending Allotment |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
19.551 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
44.329 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
44.536 |
|
|
2] Unsecured Loans |
|
|
57.181 |
|
|
TOTAL BORROWING |
|
|
101.717 |
|
|
DEFERRED TAX LIABILITIES |
|
|
8.013 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
154.059 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
89.033 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
112.086
|
|
|
Sundry Debtors |
|
|
136.651
|
|
|
Cash & Bank Balances |
|
|
12.078
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
10.043
|
|
Total
Current Assets |
|
|
270.858 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
192.861 |
|
|
Other Current Liabilities |
|
|
11.486 |
|
|
Provisions |
|
|
1.485 |
|
Total
Current Liabilities |
|
|
205.832
|
|
|
Net Current Assets |
|
|
65.026
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
154.059 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
571.427 |
599.315 |
527.684 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
571.427 |
599.315 |
527.684 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
549.410 |
568.417 |
498.102 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
549.410 |
568.417 |
498.102 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX, FINANCIAL CHARGES, DEPRECIATION AND AMORTISATION |
22.017 |
30.898 |
29.582 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION, INTEREST
& AMORTISATION |
23.366 |
20.462 |
19.992 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(1.349) |
10.436 |
9.590 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(3.118) |
3.395 |
3.034 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
1.769 |
7.041 |
6.556 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.000 |
1.427 |
0.947 |
|
|
|
Commission Earnings |
0.000 |
0.000 |
0.251 |
|
|
TOTAL EARNINGS |
0.000 |
1.427 |
1.198 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
333.579 |
286.484 |
362.150 |
|
|
|
Capital Goods |
7.272 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
340.851 |
286.484 |
362.150 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
0.69 |
2.74 |
2.55 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.31 |
1.17 |
1.24
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.35) |
2.51 |
2.66
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.02) |
0.20 |
0.22
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.76 |
1.98 |
2.29
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.15 |
1.19 |
1.32
|
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 |
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 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 |
Yes |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
Yes |
UNSECURED LOANS
|
Particular |
31.03.2012 (Rs. in Millions) |
31.03.2011 (Rs. in Millions) |
|
LONG TERM BORROWINGS |
|
|
|
Loan and Advance
from related parties |
52.015 |
49.628 |
|
Loan and Advance
from Others |
16.312 |
18.029 |
|
Total |
68.327 |
67.657 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10363344 |
05/06/2012 |
660,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
B42764282 |
|
2 |
10145586 |
27/03/2010 * |
250,000,000.00 |
STATE BANK OF MYSORE |
ANTRIKSH BHAVAN, 22 K.G. MARG, CONNAUGHT PLACE, NEW DELHI, Delhi - 110001, INDIA |
A84172279 |
|
3 |
10070382 |
23/08/2007 |
9,000,000.00 |
STATE BANK OF MYSORE |
ANTARIKSH BHAWAN,, 22 - K. G. MARG, CONNAUGHT PLACE, NEW DELHI, Delhi - 110001, INDIA |
A24668220 |
|
4 |
10008346 |
29/03/2010 * |
580,000,000.00 |
STATE BANK OF MYSORE |
ANTRIKSH BHAVAN, 22 K. G. MARG, CONNAUGHT PLACE, NEW DELHI, Delhi - 110001, INDIA |
A84172832 |
|
5 |
10008348 |
04/05/2006 |
6,000,000.00 |
STATE BANK OF MYSORE |
ANTRIKSHA BHAWAN, 22 - K. G. MARG,, CONNAUGHT PLACE, NEW DELHI, Delhi - 110001, INDIA |
A01838820 |
|
6 |
10007020 |
04/05/2006 |
22,000,000.00 |
STATE BANK OF MYSORE |
ANTRIKSHA BHAWAN, 22 - K. G. MARG,, CONNAUGHT PLACE, NEW DELHI, Delhi - 110001, INDIA |
A01838317 |
|
7 |
10008271 |
04/05/2006 |
35,000,000.00 |
STATE BANK OF MYSORE |
ANTRIKSHA BHAWAN, 22 - K. G. MARG,, CONNAUGHT PLACE, NEW DELHI, Delhi - 110001, INDIA |
A01839059 |
|
8 |
80005779 |
27/03/2010 * |
30,000,000.00 |
STATE BANK OF MYSORE |
ANTRIKSH BHAVAN, 22 K. G. MARG, CONNAUGHT PLACE, NEW DELHI, Delhi - 110001, INDIA |
A84172709 |
|
9 |
80005825 |
05/05/2006 * |
42,500,000.00 |
STATE BANK OF MYSORE |
ANTRIKSHA BHAWAN, 22 - K. G. MARG,, CONNAUGHT PLA |
- |
|
10 |
80005826 |
05/05/2006 * |
42,500,000.00 |
STATE BANK OF MYSORE |
ANTRIKSHA BHAWAN, 22 - K. G. MARG,, CONNAUGHT PLA |
- |
|
11 |
90038011 |
29/03/2003 |
15,000,000.00 |
STATE BANK OF MYSORE |
ANTRIKSH BHAWAN, K G MARG, NEW DELHI, Delhi - 110001, INDIA |
- |
|
12 |
90036767 |
27/03/2010 * |
250,000,000.00 |
STATE BANK OF MYSORE |
ANTRIKSH BHAVAN, 22 K.G. MARG, CONNAUGHT PLACE, NEW DELHI, Delhi - 110001, INDIA |
A84172949 |
* Date of charge modification
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Vehicles
·
Office Equipments
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 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] 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.65.42 |
|
|
1 |
Rs.102.09 |
|
Euro |
1 |
Rs.87.31 |
INFORMATION DETAILS
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
33 |
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.