MIRA
INFORM REPORT
|
Report Date : |
16.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
NILKANTH CONCAST PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
BBZ – N 66, Zanda Chowk Main Bazar, Gandhidham 370201, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
21.08.2003 |
|
|
|
|
Com. Reg. No.: |
04-042778 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 33.879 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27106GJ2003PTC042778 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RKTN00799B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCN8500A |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business
: |
Manufacturer of TMT Steel Bars |
|
|
|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1600000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Profitability of the company appears to be low. However, trade relations are fair. Business us active. Payment terms
are slow but correct. The company can be considered for business dealing with great caution.
Note: Latest financial for the year 2013 is not available with us. |
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 = B+ |
|
Rating Explanation |
Risk Prone credit quality and high risk of default |
|
Date |
05.07.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
05.07.2013 |
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 (GENERAL DETAILS)
|
Name : |
Mr. Harshad Ayachi |
|
Designation : |
Account Executive |
|
Contact No.: |
91-2836-221460 |
|
Date : |
14.12.2013 |
LOCATIONS
|
Registered Office : |
BBZ – N 66, Zanda Chowk Main Bazar, Gandhidham 370201, Gujarat,
India |
|
Tel. No.: |
91-2836-221460 / 230711 / 224168 |
|
Mobile No.: |
91-8980034056 (Mr. Chetan) |
|
Fax No.: |
91-2836-233734 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1400 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Marketing Office : |
608, Samedh Complex, Nr. Associate Petrol Pump, C.G. Road,
Ahmedabad-380 015, Gujarat, India |
|
Fax No.: |
91-79-26423910 |
|
|
|
|
Factory : |
Survey No. 221 Village Vadala, Mundra Kutch 370410, Gujarat, India |
|
Tel. No.: |
91-2838-283493 / 283499 |
|
Fax No.: |
91-2838-283488 |
|
E-Mail : |
|
|
Location : |
Owned |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Girija Chandrasekhar Ayachi |
|
Designation : |
Director |
|
Address : |
Rain Basera, Plot No.12, Sector -12, Sector -12 B, Talika Gandhidham –
370201, Gujarat, India |
|
Date of Birth/Age : |
01.07.1969 |
|
Date of Appointment : |
05.08.2005 |
|
DIN No.: |
01136994 |
|
PAN No.: |
ACWPA2761J |
|
|
|
|
Name : |
Mr. Chandrasekhar Narsangji Ayachi |
|
Designation : |
Director |
|
Address : |
Plot No.121, 12-B, Ren Basera, Collector Road, Gandhidham – 370201, Gujarat,
India |
|
Date of Birth/Age : |
08.12.1958 |
|
Date of Appointment : |
24.08.2006 |
|
DIN No.: |
01137053 |
|
PAN No.: |
ABUPA6576E |
KEY EXECUTIVES
|
Name : |
Mr. Harshad Ayachi |
|
Designation : |
Account Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Girija Ayachi |
|
1325000 |
|
Chandrasekhar Ayachi |
|
1989998 |
|
Ravinder N Koul |
|
5000 |
|
Virbhadar Rao |
|
5000 |
|
Vijay Hanubha Balia |
|
62895 |
|
Chandrasekhar Ayachi Jt. Arunkumar L Agarwal |
|
1 |
|
Chandrasekhar Ayachi Jt. Dilip Ayachi Jt. Harnamdas Sadhuram |
|
1 |
|
Total |
|
3387895 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of TMT Steel Bars |
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Products : |
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Imports : |
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Products : |
Tran and Palates |
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|
Countries : |
Singapore |
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Terms : |
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Selling : |
Cash / Credit |
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Purchasing : |
Cash / Credit (12 Days) |
PRODUCTION STATUS (As on 31.03.2012
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Sponge Iron |
Tones |
72000 |
72000 |
|
|
M S Billets and TMT Bar |
Tones |
180000 |
180000 |
|
GENERAL INFORMATION
|
Suppliers : |
·
Electro Them ·
Adani Enterprises |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
Distributors ·
Adani Power and Steel ·
Ajanta Limited - Morbi ·
Suzlon Infrastructure Services Limited ·
Rajkot Municipal Corporation ·
Adani Power Limited - Mundra ·
Reliance Infrastructure Private Limited -
Jamnagar ·
Oil Field Warehouse and Services - Mundra ·
Backbone Enterprise Limited ·
Avesta Engineering Private Limited - Mundra ·
Pipavav Port- Amreli ·
Getco Power Private Limited ·
Dic Fine Chemical - Dahej |
|||||||||||||||||||||||||||
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|
No. of Employees : |
500 (Approximately) |
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Bankers : |
· Indian Overseas Bank, Defence Colony Branch, Moolchand Shopping Complex, New Delhi 110024, India · State Bank of Mysore · ICICI Bank · HDFC Bank |
|||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||
|
Facilities : |
·
LC Rs.250.000 Millions (from Indian
Overseas Bank) ·
LC Rs, 50.000 Millions and CC Rs.50.000 Millions
(From State Bank of Mysore) (Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Financial
Institutions : |
· Tata Motors Finance Limited, C/O. Tata Motors Limited, 3rd Floor, Nanavati Mahalaya, 18, Homi Mody Street, Mumbai - 400001, Maharashtra, India ·
Srei Equipment Finance Private Limited,
'Vishwakarma', 86C, Topsia Road, Kolkata - 700046, West Bengal, India |
|
|
|
|
Auditors : |
|
|
Name : |
J C Ranpura and Company Chartered Accountants |
|
Address : |
Star Avenue, 1st Floor, Dr. Radhakrishnan Road, Opposite
RAjkumar College, Rajkot 360001, Gujarat, India |
|
PAN No.: |
AAFFJ1332F |
|
|
|
|
Associates : |
·
Nakulo Enterprises Address: BBZ – N 66,
Zanda Chowk Main Bazar, Gandhidham 370201, Gujarat, India Line
of Business : Trader of TMT Bars ·
C.N. Enterprise |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3387895 |
Equity Shares |
Rs.10/- each |
Rs.33.879 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 |
|
33.879 |
33.879 |
|
(b) Reserves & Surplus |
|
385.825 |
373.055 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
1.494 |
1.494 |
|
Total
Shareholders’ Funds (1) + (2) |
|
421.198 |
408.428 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
235.119 |
409.340 |
|
(b) Deferred tax liabilities (Net) |
|
72.034 |
74.160 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
307.153 |
483.500 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
395.484 |
414.076 |
|
(b) Trade payables |
|
485.092 |
328.337 |
|
(c) Other current
liabilities |
|
93.789 |
0.000 |
|
(d) Short-term provisions |
|
89.567 |
43.483 |
|
Total Current Liabilities (4) |
|
1063.932 |
785.896 |
|
|
|
|
|
|
TOTAL |
|
1792.283 |
1677.824 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
722.245 |
828.200 |
|
(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 |
|
10.000 |
10.000 |
|
(e) Other Non-current assets |
|
43.123 |
43.119 |
|
Total Non-Current Assets |
|
775.368 |
881.319 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
593.765 |
360.920 |
|
(c) Trade receivables |
|
153.742 |
154.385 |
|
(d) Cash and cash
equivalents |
|
45.455 |
36.609 |
|
(e) Short-term loans and
advances |
|
170.626 |
192.184 |
|
(f) Other current assets |
|
53.327 |
52.407 |
|
Total Current Assets |
|
1016.915 |
796.505 |
|
|
|
|
|
|
TOTAL |
|
1792.283 |
1677.824 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
33.878 |
|
|
2] Share Application Money |
|
|
1.494 |
|
|
3] Reserves & Surplus |
|
|
362.728 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
398.100 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
824.708 |
|
|
2] Unsecured Loans |
|
|
69.981 |
|
|
TOTAL BORROWING |
|
|
894.689 |
|
|
DEFERRED TAX LIABILITIES |
|
|
63.957 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1356.746 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
897.763 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
195.801
|
|
|
Sundry Debtors |
|
|
149.000
|
|
|
Cash & Bank Balances |
|
|
22.044
|
|
|
Other Current Assets |
|
|
40.830
|
|
|
Loans & Advances |
|
|
221.339
|
|
Total
Current Assets |
|
|
629.014
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
113.352
|
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
56.679
|
|
Total
Current Liabilities |
|
|
170.031
|
|
|
Net Current Assets |
|
|
458.983
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1356.746 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
2079.900 |
1952.069 |
2278.371 |
|
|
|
Other Income |
|
0.000 |
0.000 |
|
|
|
TOTAL (A) |
2079.900 |
1952.069 |
2278.371 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
910.659 |
944.135 |
|
|
|
Manufacturing Expenses |
|
609.746 |
795.713 |
|
|
|
Increase/(Decrease) in Finished Goods |
|
(130.982) |
(13.664) |
|
|
|
Selling and Distribution Expenses |
|
61.880 |
88.792 |
|
|
|
Excise Duty (Net of refund ) |
NA |
163.380 |
116.174 |
|
|
|
Administrative Expenses |
|
18.161 |
14.429 |
|
|
|
Personnel Expenses |
|
64.221 |
70.955 |
|
|
|
Foreign Exchange Loss |
|
1.449 |
0.000 |
|
|
|
TOTAL (B) |
NA |
1698.514 |
2016.534 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
253.555 |
261.837 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
116.100 |
106.120 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
137.455 |
155.717 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
124.995 |
92.111 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
NA |
12.460 |
63.606 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
42.487 |
39.032 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
12.700 |
(30.027) |
24.574 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
146.111 |
176.138 |
151.564 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
158.811 |
146.111 |
176.138 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.74 |
(8.86) |
9.54 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
(1.53)
|
1.07
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
0.63
|
2.79
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
0.74
|
4.16
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.03
|
0.15
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.50
|
2.02
|
2.25
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.96
|
1.01
|
3.69
|
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT: 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 |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
NOTE:
Registered office of the company has been shifted from Sy No. 281 and 282 Gyanji Wadi, National Highway, Kutch 370201, Gujarat, India to the present address w.e.f. 16.10.2009.
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Long-term
borrowings |
|
|
|
Loans and advances from directors |
46.100 |
42.500 |
|
Loans and advances from others |
10.963 |
10.963 |
|
Other loans and advances, others |
0.000 |
14.454 |
|
Total |
57.063 |
67.917 |
|
|
|
|
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10463202 |
09/11/2013 |
17,951,500.00 |
TATA MOTORS FINANCE LIMITED |
C/O. TATA MOTORS LIMITED, 3RD FLOOR, NANAVATI MAHALAYA,
18, HOMI MODY STREET, MUMBAI, MAHARASHTRA |
B90718255 |
|
2 |
10423073 |
22/03/2013 |
1,240,000.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B74177478 |
|
3 |
10423072 |
22/03/2013 |
4,690,000.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B74176660 |
|
4 |
10292967 |
03/06/2011 |
60,000,000.00 |
INDIAN OVERSEAS BANK |
DEFENCE COLONY BRANCH, MOOLCHAND SHOPPING COMPLEX, DEFENCE COLONY, NEW DELHI, DELHI - 110024, INDIA |
B15277270 |
|
5 |
10299405 |
25/11/2009 |
800,000,000.00 |
INDIAN OVERSEAS BANK (LEAD BANK) |
UNIT NO. 19 AND 22, MOOLCHAND SHOPPING, CUM OFFICE COMPLEX, DEFENCE COLONY, RING ROAD,, NEW DELHI, DELHI - 110024, INDIA |
A88768882 |
|
6 |
10140697 |
24/09/2008 |
140,000,000.00 |
STATE BANK OF MYSORE |
4101-4157, NAYA BAZAR, DELHI, DELHI - 110006, INDIA |
A49224132 |
|
7 |
10140765 |
24/09/2008 |
140,000,000.00 |
STATE BANK OF MYSORE |
4101-4157, NAYA BAZAR, DELHI, DELHI - 110006, INDIA |
A49412372 |
|
8 |
10113926 |
24/03/2008 |
100,000,000.00 |
INDIAN OVERSEAS BANK |
UNIT NO. 19 AND 22, MOOLCHAND SHOPPING, CUM OFFICE COMPLEX, DEFENCE COMPLEX, NEW DELHI, DELHI - 110024, INDIA |
A40767345 |
|
9 |
10108725 |
24/03/2008 |
280,000,000.00 |
INDIAN OVERSEAS BANK |
UNIT NO. 19 AND 22, MOOLCHAND SHOPPING, CUM OFFICE COMPLEX, DEFENCE COMPLEX, NEW DELHI, DELHI - 110024, INDIA |
A40768871 |
|
10 |
90107150 |
18/07/2005 |
150,000,000.00 |
STATE BANK OF MYSORE |
NAYABAZAR BRANCH, NEW DELHI, DELHI - 110006, INDIA |
- |
|
11 |
90105968 |
16/08/2004 |
2,100,000.00 |
SUNDARAM FINANCE LIMITED |
NO. 21 PATULLOS ROAD, CHENNAI, TAMIL NADU - 600002, INDIA |
- |
|
12 |
80046018 |
30/11/2009 * |
1,607,500,000.00 |
INDIAN OVERSEAS BANK (LEAD BANK) |
UNIT NO. 19 AND 22, MOOLCHAND SHOPPING, CUM OFFICE COMPLEX, DEFENCE COMPLEX, NEW DELHI, DELHI - 110024, INDIA |
A88768999 |
|
13 |
80046016 |
12/10/2009 * |
350,000,000.00 |
INDIAN OVERSEAS BANK |
UNIT NO. 19 AND 22, MOOLCHAND SHOPPING, CUM OFFICE COMPLEX, DEFENCE COMPLEX, NEW DELHI, DELHI - 110024, INDIA |
A71966840 |
|
14 |
80046017 |
12/10/2009 * |
250,000,000.00 |
INDIAN OVERSEAS BANK |
UNIT NO. 19 AND 22, MOOLCHAND SHOPPING, CUM OFFICE COMPLEX, DEFENCE COMPLEX, NEW DELHI, DELHI - 110024, INDIA |
A71967368 |
* Date of charge modification
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
TRADE REFERENCES
·
Electro Them
·
Adani Enterprises
·
Adani Power and Steel
FIXED ASSETS
·
Land Free Hold
·
Factory Building
·
Staff Quarters
·
Plant and Machinery
·
Furniture and Fixtures
·
Vehicles
·
Equipment Vehicles
·
Office Equipment
·
Computer
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.62.13 |
|
|
1 |
Rs.101.53 |
|
Euro |
1 |
Rs.85.41 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
30 |
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.