1. Summary Information
|
|
|
Country |
INDIA |
|
Company Name |
CERADECOR INDIA LIMITED |
Principal Name 1 |
DR. RAJIV MOHAN VERMA |
|
Status |
SATISFACTORY |
Principal Name 2 |
MRS. SANGEETA VERMA |
|
|
|
Registration # |
55-090456 |
|
Street Address |
F-9, 2ND FLOOR, KAILASH COLONY, NEW DELHI – 110 048 |
||
|
Established Date |
28.10.1997 |
SIC Code |
-- |
|
Telephone# |
91-11-65655534 |
Business Style 1 |
MANUFACTURER |
|
Fax # |
91-11-29236721 |
Business Style 2 |
EXPORTER |
|
Homepage |
Product Name 1 |
CERAMICS PIGMENTS |
|
|
# of employees |
NOT AVAILABLE |
Product Name 2 |
-- |
|
Paid up capital |
RS.13,150,000/- |
Product Name 3 |
-- |
|
Shareholders |
DIRECTORS
OR RELATIVES OF DIRECTORS – 100% |
Banking |
HDFC BANK LIMITED |
|
Public Limited Corp. |
NO |
Business Period |
16 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba (47) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
33,520,000 |
Current Liabilities |
67,064,000 |
|
Inventories |
156,978,000 |
Long-term Liabilities |
69,252,000 |
|
Fixed Assets |
30,463,000 |
Other Liabilities |
10,999,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
147,315,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
60,496,000 |
|
|
|
Net Worth |
73,646,000 |
|
Total Assets |
220,961,000 |
Total Liab. & Equity |
220,961,000 |
|
Total Assets (Previous Year) |
127,042,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales/ Total Income |
394,583,000 |
Net Profit |
12,289,000 |
|
Sales(Previous yr)/ Total Income |
274,878,000 |
Net Profit(Prev.yr) |
8,694,000 |
|
Report Date : |
05.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
CERADECOR INDIA LIMITED |
|
|
|
|
Registered
Office : |
F-9, 2nd Floor, Kailash Colony, New Delhi – 110 048 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
28.10.1997 |
|
|
|
|
Com. Reg. No.: |
55-090456 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.13.150
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1997PLC090456 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELC04043E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCC1435F |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Ceramics Pigments. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 295000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having a satisfactory track record. Management has filed its financials for the year 2013 with the Government Department but the same is not available with us. As per the financial (2012), the overall financial position of the company appears to be satisfactory. 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 – 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
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says the
latest India Development Update report released by the World Bank. The report
says that the adverse effects of rupee depreciation are likely to be offset by
the gains in the exports performance due to improved external competitiveness.
Since May this year, the local currency has depreciated substantially and fell
to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
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 : |
F-9, 2nd Floor, Kailash Colony, New Delhi – 110 048, India |
|
Tel. No.: |
91-11-65655534/ 26819278/ 26817279/ 26818040/ 65156274/ 65156248 |
|
Mobile No.: |
91-9810070605 (Mr. R. M. Verma) |
|
Fax No.: |
91-11-29236721 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Head Office/ Factory : |
C-27-28, UPSIDC Industrial Area, Site C, Surajpur, Greater Noida – 201
306, Uttar Pradesh, India |
|
Tel. No.: |
91-120-2560644/ 2569210 |
|
Fax No.: |
91-120-2569142 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Regional Office : |
207, Commercial Complex, Shiv Ajanta Hote, Morbi, Gujarat, India |
|
|
|
|
Distributor Network : |
Located at: ·
Mumbai ·
Kolkata ·
Chennai ·
Khurja ·
Agra ·
Ludhiana ·
Dubai |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Dr. Rajiv Mohan Verma |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
K-46, Kailash Colony, New Delhi – 110 048, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
31.10.1957 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
28.10.1997 |
|||||||||||||||||||||||||||
|
DIN No.: |
01227168 |
|||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mrs. Sangeeta Verma |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
K-46, Kailash Colony, New Delhi – 110 048, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
18.09.1965 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
28.10.1997 |
|||||||||||||||||||||||||||
|
DIN No.: |
01670969 |
|||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Ramji Lal Verma |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
K-46, Kailash Colony, New Delhi – 110 048, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
03.07.1930 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
27.10.2000 |
|||||||||||||||||||||||||||
|
DIN No.: |
01227136 |
|||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Rajiv Mohan Verma |
|
824000 |
|
Sangeeta Verma |
|
170000 |
|
Ramji Lal Verma |
|
55200 |
|
Usha Rani Verma |
|
200 |
|
Minakshi |
|
200 |
|
Ved Vyas Sharma |
|
200 |
|
Chirag Verma |
|
265200 |
|
Total |
|
1315000 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Ceramics Pigments. |
|
|
|
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2010):
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Vitrosa |
M.T. |
6000 |
6000 |
4500 |
|
|
|
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Bankers : |
· The Federal Bank Limited, Nehru Place, New Delhi – 110 019, India · HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India · HDFC Bank Limited, New Delhi, India · The Hongkong and Shanghai Banking Corporation Limited, 25, Barakhamba Road, New Delhi – 110 001, India · ICICI Bank Limited |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Khurana Khurana and Associates Chartered Accountants |
|
Address : |
IFAIA Centre, S/20-22, Plot No.S-7/2, Greater Noida Shopping Plaza,
UPSIDC Site 4, Greater Noida – 201310, Uttar Pradesh, India |
|
Tel. No.: |
91-120-2342010, 3104849 |
|
Fax No.: |
91-120-2342011 |
|
E-Mail: |
|
|
PAN No.: |
AAJFK8607L |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1315000 |
Equity Shares |
Rs.10/- each |
Rs.13.150
millions |
|
|
|
|
|
Details of shares held by each shareholder holding more than 5% shares:
Equity shares with voting rights
1. Dr. Rajiv Mohan Verma, Director 824000 Equity Shares - 62.66%
2. Mrs. Sangeeta Verma, Director 170000 Equity Shares - 12.93%
3. Mr. Chirag Verma, Relative of the Director 265200 Equity Shares -
20.17%
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
13.150 |
|
(b) Reserves & Surplus |
|
|
60.496 |
|
(c) Money received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
73.646 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
|
1.976 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.321 |
|
(c) Other long
term liabilities |
|
|
4.163 |
|
(d) Long-term
provisions |
|
|
0.767 |
|
Total Non-current
Liabilities (3) |
|
|
7.227 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
|
67.276 |
|
(b)
Trade payables |
|
|
55.914 |
|
(c)
Other current liabilities |
|
|
6.987 |
|
(d) Short-term
provisions |
|
|
9.911 |
|
Total Current
Liabilities (4) |
|
|
140.088 |
|
|
|
|
|
|
TOTAL |
|
|
220.961 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
|
30.463 |
|
(ii)
Intangible Assets |
|
|
0.000 |
|
(iii)
Capital work-in-progress |
|
|
0.000 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.000 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
30.344 |
|
(e) Other Non-current
assets |
|
|
0.000 |
|
Total Non-Current
Assets |
|
|
60.807 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
33.520 |
|
(c)
Trade receivables |
|
|
91.631 |
|
(d) Cash
and cash equivalents |
|
|
35.003 |
|
(e)
Short-term loans and advances |
|
|
0.000 |
|
(f)
Other current assets |
|
|
0.000 |
|
Total
Current Assets |
|
|
160.154 |
|
|
|
|
|
|
TOTAL |
|
|
220.961 |
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
13.150 |
13.150 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
48.207 |
39.514 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
61.357 |
52.664 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
41.199 |
16.118 |
|
|
2] Unsecured Loans |
|
0.025 |
0.025 |
|
|
TOTAL BORROWING |
|
41.224 |
16.143 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
102.581 |
68.807 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
30.692 |
29.022 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
10.098
|
12.136
|
|
|
Sundry Debtors |
|
63.738
|
45.086
|
|
|
Cash & Bank Balances |
|
10.950
|
0.973
|
|
|
Other Current Assets |
|
0.000
|
0.000
|
|
|
Loans & Advances |
|
11.564
|
7.796
|
|
Total
Current Assets |
|
96.350
|
65.991
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
13.747
|
18.139
|
|
|
Other Current Liabilities |
|
6.835
|
5.203
|
|
|
Provisions |
|
3.879
|
2.864
|
|
Total
Current Liabilities |
|
24.461
|
26.206
|
|
|
Net Current Assets |
|
71.889
|
39.785
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
TOTAL |
|
102.581 |
68.807 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations (net) |
|
|
394.583 |
|
|
|
Other Income |
|
|
2.536 |
|
|
|
TOTAL (A) |
|
|
397.119 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
|
|
269.778 |
|
|
|
Purchases of stock-in-trade |
|
|
52.948 |
|
|
|
Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
|
|
(6.934) |
|
|
|
Employee benefits expense |
|
|
19.175 |
|
|
|
Other expenses |
|
|
35.122 |
|
|
|
TOTAL (B) |
|
|
370.089 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
27.030 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
3.725 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
23.305 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
4.663 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
|
18.642 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
6.353 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
|
12.289 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
Euro
497124.83 USD
851818.50 JPY
7167504 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share (Rs.) |
|
|
9.35 |
|
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
274.878 |
217.313 |
|
|
|
Other Income |
|
3.479 |
3.676 |
|
|
|
TOTAL (A) |
|
278.357 |
220.989 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw material consumed |
|
225.774 |
177.346 |
|
|
|
Consumption of stores and spares |
|
0.362 |
0.696 |
|
|
|
Salaries, Wages and Bonus |
|
9.216 |
7.608 |
|
|
|
Managerial Remuneration |
|
4.832 |
2.701 |
|
|
|
Payment of auditors |
|
0.120 |
0.025 |
|
|
|
Insurance Expenses |
|
0.148 |
0.363 |
|
|
|
Power and fuel |
|
0.841 |
0.083 |
|
|
|
Other expenditure |
|
18.905 |
1.052 |
|
|
|
Increase / Decrease in stock |
|
0.000 |
16.013 |
|
|
|
TOTAL (B) |
|
260.198 |
205.887 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
18.159 |
15.102 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
1.825 |
2.041 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
16.334 |
13.061 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
3.761 |
4.126 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
12.573 |
8.935 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
3.879 |
2.864 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
8.694 |
6.071 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
Euro
255712.84 USD
214368.94 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share (Rs.) |
|
2.95 |
4.50 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.09
|
3.12 |
2.75 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.72
|
4.57 |
4.11 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.44
|
9.89 |
9.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25
|
0.21 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.94
|
0.67 |
0.31 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.14
|
3.94 |
2.52 |
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) |
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 |
No |
|
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 |
No |
|
Unsecured Loans |
31.03.2011 (Rs. in Millions) |
|
Maximum amount due to Directors during the year Rs.0.025 million |
0.025 |
|
Total |
0.025 |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10368366 |
30/07/2012 |
60,000,000.00 |
THE HONGKONG AND
SHANGHAI BANKING CORPORATION LIMI |
25, BARAKHAMBA ROAD,
NEW DELHI, DELHI - 110001, INDIA |
B44832145 |
FIXED ASSETS:
·
Building
·
Electric Fitting
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipments
·
Computers
·
Printers
·
Cars
·
Scooter
·
Books
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 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.62.33 |
|
|
1 |
Rs.102.18 |
|
Euro |
1 |
Rs.84.68 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
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 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.