|
Report Date : |
11.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
ORIENTAL RUBBER INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
Shravani Gardens, 20, Viman Nagar, Nagar Road, Pune – 411
014, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
20.01.1949 |
|
|
|
|
Com. Reg. No.: |
11-006875 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 37.275 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25199PN1949PLC006875 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEO01206C PNEO00948D PNEO00232B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACO1592L |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Rubber Products and Conveyor Belts. |
|
|
|
|
No. of Employees
: |
700 [ Permanent = 300 + Contract Basis = 400] (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2700000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Profitability of the company appears to be decent. General financial
position of the company seems to be sound and healthy. Trade relations are reported as fair. Business is active. Payments are
usually correct. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating: (BBB) |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
29.05.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating: (A3+) |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
29.05.2013 |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Satish |
|
Designation : |
Director |
|
Contact No.: |
91-9822390354 |
|
Date : |
06.12.2013 |
LOCATIONS
|
Registered Office : |
Shravani Gardens, 20, Viman Nagar, Nagar Road, Pune – 411
014, Maharashtra, India |
|
Tel. No.: |
91-20-66270800 / 842 |
|
Mobile No.: |
91-9822390354 (Mr. Satish) |
|
Fax No.: |
91-20-26680810/ 26630840 / 66270846 |
|
E-Mail : |
orientalrubber@sm3.sprintrpg.ems.vsnl.net.in mukesh@orientalrubber.com |
|
Website : |
|
|
Area : |
4000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 1: |
Gat Nos.519/2, 521/2, 523 and 525, Village Koregaon, Taluka Shirur,
Bhima Nagar Road, District Pune – 412 207, Maharashtra, India |
|
Area : |
9 Acers |
|
Location : |
Owned |
|
|
|
|
Factory 2: |
735, 736, 738 and 1268 Shikrapur, Karandegaon, Chakan, Pune,
Maharashta, India |
|
Area : |
16 Acers |
|
Location : |
Owned |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Makar Vijeynand Vikram |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
Cluster 1/8, Kumar City, Kalyani Nagar, Pune – 411014, Maharashtra, India |
|
Date of Birth/Age : |
29.01.1963 |
|
Qualification : |
B. Com and Rubber Technology |
|
Date of Appointment : |
13.08.2012 |
|
PAN No.: |
ABXPM9797J |
|
DIN No.: |
00020284 |
|
|
|
|
Name : |
Mr. Vishal Vijeynand Makar |
|
Designation : |
Managing Director |
|
Address : |
Cluster 1/13 and 14, Kumar City, Kalyani Nagar, Pune – 411 014, Maharashtra,
India |
|
Date of Birth/Age : |
22.08.1965 |
|
Qualification : |
Chemical Engineer, PG in Polymer Sciences and B. Com |
|
Date of Appointment : |
13.08.2012 |
|
PAN No.: |
AAGPM4659K |
|
DIN No.: |
00020253 |
|
|
|
|
Name : |
Mr. Satish Kotian |
|
Designation : |
Whole-Time Director |
|
Address : |
Flat No. E-1/401 Madhuban Classics, Vishrantwadi, Pune – 411 015,
Maharashtra, India |
|
Date of Birth/Age : |
28.04.1958 |
|
Date of Appointment : |
13.08.2012 |
|
DIN No.: |
06374939 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Vijeynand Sadanand Makar |
5 |
|
Kamlesh Vijeynand
Makar |
138485 |
|
Vishal Vijeynand
Makar |
1793992 |
|
Vikram Vijeynand
Makar |
1793992 |
|
Meetashi
Vishal Makar |
500 |
|
Poonam Vikram Makar |
500 |
|
Punvick Investments Private Limited, India |
25 |
|
Quadrant Trades Private Limited, India |
1 |
|
|
|
|
Total
|
3727500 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
0.00067 |
|
Directors or relatives of directors |
|
99.99933 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Rubber Products and Conveyor Belts. |
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|
Products : |
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Exports : |
|
||||||||
|
Products : |
·
Rubber Products |
||||||||
|
Countries : |
·
South Africa ·
Australia ·
USA |
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|
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|
Imports : |
|
||||||||
|
Products : |
·
Raw Material |
||||||||
|
Countries : |
·
China ·
Vietnam ·
Russia |
||||||||
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|
||||||||
|
Terms : |
|
||||||||
|
Selling : |
Credit (30 days) |
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|
||||||||
|
Purchasing : |
Cash and Credit (30 days/ 60 days) 80%L/C, 20% DP |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Conveyor and Transmission Belts |
16500 MT |
15300 MT |
911681 Meters |
|
Other Rubber Products |
8500 MT |
2200 MT |
2011390 Kgs |
Installed capacity depends upon the product
mix, which has been certified by the management and accepted by the auditors without
verification, being a technical matter.
GENERAL INFORMATION
|
Suppliers : |
Gujarat Reclaim Rubber |
|||||||||||||||||||||||||||
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|
|
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|
Customers : |
End Users Tata Steel Limited |
|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
|
No. of Employees : |
700 [ Permanent = 300 + Contract Basis = 400] (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
·
Corporation Bank, Industrial Finance Branch, 14,
Pune Mumbai Road, Wakdewadi, Pune – 411 003, Maharashtra, India
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
Total Facility: Rs. 1100.000 Millions
(Union Bank of India) (Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M L Deshmukh and Associates Chartered Accountants |
|
Address : |
B555, Narayanpeth, Pune, Maharashtra, India |
|
PAN No.: |
ABDPD7455J |
|
|
|
|
Step Down Subsidiary of the company : |
Oriental Rubber Industries (SA) Pty Limited, South Africa |
|
|
|
|
Company in which Directors are directors : |
Quadrant Trades Private Limited |
CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3727500 |
Equity Shares |
Rs.10/- each |
Rs. 37.275 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
37.275 |
14.910 |
14.910 |
|
(b) Reserves & Surplus |
647.031 |
521.439 |
374.938 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
684.306 |
536.349 |
389.848 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
105.605 |
138.993 |
129.480 |
|
(b) Deferred tax liabilities (Net) |
40.210 |
38.432 |
24.600 |
|
(c) Other long
term liabilities |
3.079 |
2.416 |
2.019 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
148.894 |
179.841 |
156.099 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
850.773 |
764.709 |
746.162 |
|
(b)
Trade payables |
575.024 |
518.403 |
381.824 |
|
(c)
Other current liabilities |
29.007 |
18.642 |
3.540 |
|
(d) Short-term
provisions |
87.283 |
69.830 |
24.730 |
|
Total Current
Liabilities (4) |
1542.087 |
1371.584 |
1156.256 |
|
|
|
|
|
|
TOTAL |
2375.287 |
2087.774 |
1702.203 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
490.722 |
458.525 |
324.994 |
|
(ii)
Intangible Assets |
0.198 |
0.161 |
0.017 |
|
(iii)
Capital work-in-progress |
33.437 |
41.415 |
93.327 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
20.707 |
8.171 |
8.171 |
|
(c) Deferred tax
assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
5.173 |
3.076 |
3.685 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
550.237 |
511.348 |
430.194 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
474.505 |
468.683 |
442.030 |
|
(c)
Trade receivables |
1185.661 |
909.887 |
647.252 |
|
(d) Cash
and cash equivalents |
56.461 |
36.761 |
33.872 |
|
(e)
Short-term loans and advances |
23.541 |
28.516 |
19.824 |
|
(f)
Other current assets |
84.882 |
132.579 |
129.031 |
|
Total
Current Assets |
1825.050 |
1576.426 |
1272.009 |
|
|
|
|
|
|
TOTAL |
2375.287 |
2087.774 |
1702.203 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3245.600 |
2946.619 |
2027.279 |
|
|
|
Other Income |
8.204 |
2.688 |
5.631 |
|
|
|
TOTAL (A) |
3253.804 |
2949.307 |
2032.910 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
2446.132 |
2257.330 |
1432.468 |
|
|
|
Employee benefit expense |
107.717 |
87.167 |
110.568 |
|
|
|
Other expenses |
257.667 |
214.686 |
270.601 |
|
|
|
TOTAL (B) |
2811.516 |
2559.183 |
1813.637 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
442.288 |
390.124 |
219.273 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
117.635 |
98.290 |
81.845 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
324.653 |
291.834 |
137.428 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
52.369 |
42.123 |
36.379 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
272.284 |
249.711 |
101.049 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
89.279 |
79.613 |
23.422 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
183.005 |
170.098 |
77.627 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
414.517 |
292.813 |
233.636 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
27.500 |
25.000 |
8.000 |
|
|
|
Dividend |
34.888 |
23.394 |
10.450 |
|
|
|
Capitalized for Bonus Issue |
22.365 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
512.769 |
414.517 |
292.813 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
928.821 |
1032.123 |
1034.097 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
NA |
NA |
977.153 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
49.10 |
114.08 |
52.06 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
5.62 |
5.77 |
3.81 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.39 |
8.48 |
4.99 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.74 |
12.25 |
6.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.40 |
0.47 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.40 |
1.69 |
2.25 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.18 |
1.15 |
1.10 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS: NOT AVAILABLE
|
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 |
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 |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
Long term
borrowings |
|
|
|
Deferred payment liabilities |
15.843 |
15.644 |
|
Other loans and advances |
30.712 |
30.805 |
|
|
|
|
|
Total |
46.555 |
46.449 |
OPERATIONS
During the year, the Company’s total income increased by 10% over the previous year. The post-tax profit for the year was Rs.183.000 millions as against Rs.170.100 millions for the previous year. The Company performance must be appreciated in the back-drop of economic and industrial slow down seen universally.
OUTLOOK FOR THE
CURRENT YEAR
In view of the continuing slow down in the global economy, there is an effect being felt even in Indian business environment in the current period. The directors therefore are taking a conservative view in our growth estimates. The Company is aggressively pursuing new business opportunities in addition to servicing the existing clients and they should therefore be in preparedness once the economy turns around.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10447083 |
12/08/2013 |
50,000,000.00 |
FIRSTRAND BANK LIMITED |
TCG FINANCIAL CENTRE PLOT NO C 53 G BLOCK, BANDRA KURLA COMPLEX, MUMBAI, MAHARASHTRA - 400051, INDIA |
B84042084 |
|
2 |
10365078 |
21/06/2012 |
50,000,000.00 |
CORPORATION BANK |
INDUSTRIAL FINANCE BRANCH, 14, PUNE MUMBAI ROAD, |
B43446624 |
|
3 |
10310231 |
15/09/2011 * |
40,000,000.00 |
CORPORATION BANK |
CORPORATE BANKING BRANCH, 14, PUNE MUMBAI ROAD, |
B22971055 |
|
4 |
10234608 |
28/07/2010 |
100,000,000.00 |
FIRST RAND BANK LIMITED |
5TH FLOOR, MISTRY BHAVAN, 122 DINSHAVACHA ROAD, |
A92237056 |
|
5 |
10182396 |
08/09/2009 |
150,000,000.00 |
CORPORATION BANK |
INDUSTRIAL FINANCE BRANCH, 14# PUNE-MUMBAI ROAD, PUNE, MAHARASHTRA - 411003, INDIA |
A72211725 |
|
6 |
10138369 |
12/01/2009 |
100,000,000.00 |
UNION BANK OF INDIA |
619, SACHAPIR STREET, PUNE CAMP, PUNE, MAHARASHTRA - 411001, INDIA |
A54606454 |
|
7 |
10046398 |
10/09/2013 * |
2,093,800,000.00 |
UNION BANK OF INDIA INDUSTRIAL FINANCE BRANCH |
619,SACHAPIR STREET, CAMP, PUNE, MAHARASHTRA - 411001, INDIA |
B86020500 |
|
8 |
10052617 |
29/03/2007 |
280,000,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH,, SACHIPIR STREET, CAMP, PUNE, MAHARASHTRA - 411001, INDIA |
A15391253 |
|
9 |
80028670 |
28/03/2006 |
93,700,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, 619, SACHAPIR STREET, CAMP, PUNE, MAHARASHTRA - 411001, INDIA |
- |
|
10 |
80028669 |
18/02/2006 |
482,800,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, 619, SACHAPIR STREET, CAMP, PUNE, MAHARASHTRA - 411001, INDIA |
- |
|
11 |
90088776 |
17/09/2004 * |
10,000,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, PUNE CAMP, PUNE, MAHARASHTRA - 411001, INDIA |
- |
|
12 |
90092533 |
15/02/2005 * |
16,400,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, PUNE CAMP, PUNE, MAHARASHTRA - 411001, INDIA |
- |
|
13 |
90088636 |
15/02/2005 * |
6,500,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, PUNE CAMP, PUNE, MAHARASHTRA - 411001, INDIA |
- |
|
14 |
90086438 |
15/02/2005 * |
5,500,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, PUNE CAMP, PUNE, MAHARASHTRA - 411001, INDIA |
- |
|
15 |
90086292 |
29/03/2007 * |
175,000,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH,SACHAPEER STREET, CAMP, PUNE, MAHARASHTRA - 411001, INDIA |
A13922950 |
|
16 |
90084986 |
07/12/1999 * |
546,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, PUNE CAMP, PUNE, MAHARASHTRA - 411001, INDIA |
- |
|
17 |
90087900 |
25/06/1995 |
5,000,000.00 |
UNION BANK OF INDIA |
AGA KHAN PALACE BRANCH, PUNE, MAHARASHTRA - 411006, INDIA |
- |
|
18 |
90084033 |
15/03/2002 * |
7,500,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, PUNE CAMP, PUNE, MAHARASHTRA - 411001, INDIA |
- |
|
19 |
90083994 |
29/03/2007 * |
100,000,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, SACHAPEER STREET, CAMP, PUNE, MAHARASHTRA - 411001, INDIA |
- |
|
20 |
90093570 |
15/02/1991 |
8,500,000.00 |
THE STATE INDUSTRIAL AND INVESTMENT CORP. OF MAHARAS |
NIRMAL; 1ST FLOOR, NARIMAN POINT, BOMBAY, MAHARASHTRA - 400021, INDIA |
- |
* Date of charge modification
FIXED ASSETS:
·
Freehold Land
·
Building
·
Plant and Machinery
·
Electrical
Installation
·
Furniture and Fixture
·
Computer
·
Vehicles
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. 61.21 |
|
|
1 |
Rs. 100.65 |
|
Euro |
1 |
Rs. 84.15 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
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 |
|
50 |
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.