1. Summary Information
|
|
|
Country |
|
|
Company Name |
MICRO RUBBER INDUSTRIES PRIVATE LIMITED |
Principal Name 1 |
Mr. Ashok Bajaj |
|
Status |
Moderate |
Principal Name 2 |
Mr. Sudesh Kumar Bajaj |
|
|
|
Registration # |
55-033395 |
|
Street Address |
C-8, Mayapuri Industrial Area, Phase-II, |
||
|
Established Date |
30.09.1988 |
SIC Code |
-- |
|
Telephone# |
91-11-47807700 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-11-41845694 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Casual and Rubber Footwear |
|
|
# of employees |
120 (Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 11,861,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors
or relatives of directors 100% |
Banking |
State Bank of |
|
Public Limited Corp. |
No |
Business Period |
25 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (28) |
|
Related Company |
|||
|
Relation |
Country |
Company Name |
CEO |
|
Related Parties |
-- |
SMG International |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
80,241,000 |
Current Liabilities |
31,202,000 |
|
Inventories |
26,481,000 |
Long-term Liabilities |
77,906,000 |
|
Fixed Assets |
25,719,000 |
Other Liabilities |
519,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
109,627,000 |
|
Invest& other
Assets |
23,000 |
Retained Earnings |
10,676,000 |
|
|
|
Net Worth |
22,837,000 |
|
Total Assets |
132,464,000 |
Total Liab. &
Equity |
132,464,000 |
|
Total Assets (Previous Year) |
115,634,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
224,161,000 |
Net Profit |
2,215,000 |
|
Sales (Previous Year) |
180,243,000 |
Net Profit (Previous Year) |
1,531,000 |
MIRA
INFORM REPORT
|
Report Date : |
17.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
MICRO RUBBER INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-8, Mayapuri Industrial Area, Phase-II, New Delhi - 110064 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
30.09.1988 |
|
|
|
|
Com. Reg. No.: |
55-033395 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 11.861
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1988PTC033395 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELM09151C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM2275J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Casual and Rubber Footwear. |
|
|
|
|
No. of Employees
: |
120 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 91000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. Profitability of the company appears to be low. Reserves of the company
also appears to be low. However, trade relations are fair. Business is active. Payment terms
are 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
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.
INFORMATION PARTED BY
|
Name : |
Mr. Gautam Bajaj |
|
Designation : |
Director |
|
Contact No.: |
91-9810066694 |
|
Date : |
12.12.2013 |
LOCATIONS
|
Registered Office/ Factory : |
C-8, Mayapuri Industrial Area, Phase-II, New Delhi- 110064, India |
|
Tel. No.: |
91-11-47807700-08/ 30523202/ 28114420 |
|
Mobile No.: |
91-9810066694 (Mr. Gautam Bajaj) |
|
Fax No.: |
91-11-41845694/ 28117184 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2400 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
Located at: · Haryana |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Ashok Bajaj |
|
Designation : |
Director |
|
Address : |
J-174, RBI Enclave, Paschim Vihar, New Delhi, India |
|
Date of Birth/Age : |
23.11.1952 |
|
Date of Appointment : |
30.09.1988 |
|
DIN No.: |
01365187 |
|
|
|
|
Name : |
Mr. Sudesh Kumar Bajaj |
|
Designation : |
Director |
|
Address : |
Road No 14, East Punjabi Bagh, New Delhi, India |
|
Date of Birth/Age : |
10.04.1945 |
|
Date of Appointment : |
30.09.1988 |
|
DIN No.: |
01413791 |
|
|
|
|
Name : |
Mr. Mahesh Bajaj |
|
Designation : |
Director |
|
Address : |
House No 8, Road No 14, East Punjabi Bagh, New Delhi, India |
|
Date of Birth/Age : |
10.08.1949 |
|
Date of Appointment : |
30.09.1988 |
|
DIN No.: |
01413795 |
|
|
|
|
Name : |
Mr. Gautam Bajaj |
|
Designation : |
Director |
|
Address : |
Road No 14, East Punjabi Bagh, New Delhi, India |
|
Date of Birth/Age : |
26.05.1975 |
|
Date of Appointment : |
01.12.2000 |
|
DIN No.: |
02100742 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Sudesh Bajaj |
|
32600 |
|
Mahesh Bajaj |
|
16160 |
|
P L Bajaj |
|
550 |
|
Ashok Bajaj |
|
3310 |
|
Anita Dhawan |
|
400 |
|
Gautam Bajaj |
|
14240 |
|
Swaran Bajaj |
|
500 |
|
Renu Bajaj |
|
3200 |
|
Mahesh Shashi HUF |
|
1700 |
|
Diwan Chand Sudesh HUF |
|
2750 |
|
Janki Devi Bajaj |
|
1360 |
|
Saroj Bajaj |
|
1160 |
|
Monika Nagpal |
|
350 |
|
Om Parkash Dhawan |
|
15000 |
|
Sanjeev Dhawan |
|
6000 |
|
Sameer Dhawan |
|
10000 |
|
Vanita Popli |
|
2820 |
|
Shashi Bajaj |
|
710 |
|
Anjali Bajaj |
|
4500 |
|
Sonal Bajaj |
|
1300 |
|
|
|
|
|
Total |
|
118610 |
AS ON 30.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Casual and Rubber Footwear. |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
· Saudi Arabia |
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
· Korea Thailand Japan |
|
|
|
|
Terms : |
|
|
Selling : |
Credit |
|
|
|
|
Purchasing : |
Credit |
GENERAL INFORMATION
|
Suppliers : |
· R.S. Trading and Company Fashion Belt House Fine Glaziers Mangla Trading Corporation Maruti Chemicals Maruti Enterprises Sandeep Polymers Siddh Lami Fab. Private Limited Supreme Lami Fab. Private Limited J.K Traders and Engineers Joynus Industries R.S. Consultant S K Equipments Satvik Moulds and Engineering Private Limited V.B. Synthethic Sales Private Limited |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
Wholesalers and Retailers · Manohar Boot House A.B Footwear (Jamshedpur) Arasan and Company (Madurai) Aggarwal Traders (Delhi) Alnoor Distributers (Koyilandy) Ashok Boot House (Mandsaur) Amit Polymers (Delhi ) Best Footwear (T.N.) Bharat Agencies (Jaipur) Bharat Boot House (Kanera) Bharat Sales Corp. (Surat) Bihar Shoe Centre(Jamshedpur) Bombay Store (Chittorgarh) Charu Sales (Delhi) |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
120 (Approximately) |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
State Bank of Mysore, Connaught Place, New Delhi -
110001, Delhi, India Standard Chartered Bank, 10,
Parliament Street, New Delhi - 110001, Delhi, India ·
Punjab National Bank Axis Bank Limited HDFC Bank Limited ICICI Bank Limited |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Serva Associates Chartered Accountants |
|
Address : |
Abdul Aziz Road, Karol Bagh, New Delhi - 110005, India |
|
Tel. No.: |
91-11-28750477/ 28755177 |
|
Income-tax
PAN of auditor or auditor's firm : |
AAGPK5643R |
|
|
|
|
Related Parties : |
· SMG International Bee Kay Leather Shop |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150,000 |
Equity Shares |
Rs. 100/- each |
Rs. 15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
118,610 |
Equity Shares |
Rs. 100/- each |
Rs. 11.861
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
11.861 |
11.861 |
|
(b) Reserves & Surplus |
|
10.676 |
8.364 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.300 |
0.300 |
|
Total Shareholders’
Funds (1) + (2) |
|
22.837 |
20.525 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
12.926 |
25.526 |
|
(b) Deferred tax liabilities (Net) |
|
0.519 |
0.566 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
13.445 |
26.092 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
64.980 |
38.998 |
|
(b)
Trade payables |
|
25.003 |
24.563 |
|
(c)
Other current liabilities |
|
6.199 |
4.756 |
|
(d) Short-term
provisions |
|
0.000 |
0.700 |
|
Total Current
Liabilities (4) |
|
96.182 |
69.017 |
|
|
|
|
|
|
TOTAL |
|
132.464 |
115.634 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
25.532 |
27.607 |
|
(ii)
Intangible Assets |
|
0.187 |
0.187 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.023 |
0.220 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
25.742 |
28.014 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
26.481 |
43.162 |
|
(c)
Trade receivables |
|
74.741 |
40.137 |
|
(d) Cash
and cash equivalents |
|
0.671 |
1.048 |
|
(e)
Short-term loans and advances |
|
4.829 |
3.274 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
106.722 |
87.621 |
|
|
|
|
|
|
TOTAL |
|
132.464 |
115.635 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
11.861 |
|
|
2] Share Application Money |
|
|
0.740 |
|
|
3] Reserves & Surplus |
|
|
8.059 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
20.660 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
53.613 |
|
|
2] Unsecured Loans |
|
|
7.261 |
|
|
TOTAL BORROWING |
|
|
60.874 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.712 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
82.246 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
30.862 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
1.898 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
52.189
|
|
|
Sundry Debtors |
|
|
38.990
|
|
|
Cash & Bank Balances |
|
|
0.769
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
2.543
|
|
Total
Current Assets |
|
|
94.491
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
40.664
|
|
|
Other Current Liabilities |
|
|
4.341
|
|
|
Provisions |
|
|
0.000
|
|
Total
Current Liabilities |
|
|
45.005
|
|
|
Net Current Assets |
|
|
49.486
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
82.246 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
224.161 |
180.243 |
161.959 |
|
|
|
Other Income |
NA |
NA |
0.677 |
|
|
|
TOTAL (A) |
NA
|
NA
|
162.636 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
153.765 |
|
|
|
Payment to and Provisions for Employees |
|
|
2.185 |
|
|
|
Administrative, Selling and Other Expenses |
|
|
10.695 |
|
|
|
Increase/ (Decrease) in Stock |
|
|
(16.771) |
|
|
|
TOTAL (B) |
NA
|
NA
|
149.874 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(Including
Financial and Depreciation Expenses) |
(Including
Financial and Depreciation Expenses) |
12.762 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
5.402 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
7.360 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
5.354 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
NA |
NA |
2.006 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
NA |
0.033 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
2.215 |
1.531 |
2.039 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
NA
|
12.91 |
16.91 |
|
|
|
Diluted |
NA
|
12.56 |
15.92 |
|
Expected Sales (2013-2014): Rs. 240.000 Millions
The above information has been parted by Mr. Gautam (Director)
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
NA
|
NA |
1.25 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
1.24 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA |
1.60 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.41
|
3.14 |
2.95 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.11
|
1.27 |
2.10 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
Yes |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10229070 |
26/06/2010 |
55,000,000.00 |
STANDARD CHARTERED BANK |
PARLIAMENT STREEET, NEW DELHI, DELHI - 110001, INDIA |
A89524672 |
|
2 |
10165950 |
24/06/2011 * |
81,023,100.00 |
STANDARD CHARTERED BANK |
10, PARLIAMENT STREET, NEW DELHI, DELHI - 110001, INDIA |
B16660268 |
|
3 |
10103218 |
23/04/2008 |
45,000,000.00 |
STANDARD CHARTERED BANK |
PARLIAMENT STREET, NEW DELHI, DELHI - 110001, INDIA |
A38500336 |
|
4 |
90060579 |
12/09/1998 * |
700,000.00 |
PANJAB NATIONAL BANK |
SSI BRANCH NARAINA, NEW DELHI, DELHI, INDIA |
- |
|
5 |
90059745 |
14/02/1989 |
675,000.00 |
NEW BANK OF INDIA |
C 30 COMMUNITY CENTRE NARAINA, NEW DELHI, DELHI, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans & Advances from related parties Bharti K Bajaj |
2.785 |
3.135 |
|
Diwan Chand Sudesh Family HUF |
0.880 |
0.880 |
|
Gautam Bharti HUF |
0.596 |
0.745 |
|
Janki Devi Bajaj |
1.605 |
1.605 |
|
Mahesh Shashi HUF |
1.400 |
1.115 |
|
Renu Bajaj |
0.084 |
0.084 |
|
Saroj Bajaj |
2.125 |
2.325 |
|
Shashi Bajaj |
1.610 |
1.810 |
|
Mahesh Bajaj |
0.075 |
0.000 |
|
Sudesh Saroj Gautam HUF |
1.715 |
1.355 |
|
|
|
|
|
Total |
12.875 |
13.054 |
OPERATION:
1)
The Company has earned a net Profit of Rs. 2.215
Millions (Previous year Rs. 1.531 Millions during the year
2)
Sales during the year was Rs. 224.160 Millions
(Previous Year Rs. 180.243 Millions
TRADE REFERENCES:
· R.S. Trading and Company
Manohar
Boot house
FIXED ASSETS:
·
Air Conditioner
Cooler
EPABX
Electric
Fitting
Generator
Machinery
Fax
Machine
Dies
and Tools
Furniture
and Fixtures
Office
Equipments
Scooter
and Motorcycle
Mould
Computer
Tubewell
Fitting
Website
Design
Commercial
Vehicle
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. 62.10 |
|
|
1 |
Rs. 101.27 |
|
Euro |
1 |
Rs. 85.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Report Prepared
by : |
BVA |
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 |
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.