MIRA
INFORM REPORT
|
Report Date : |
04.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
MULTI ORGANICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
503, Keshava, Bandra-Kurla Complex, Bandra (East), Mumbai-400051,
Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
09.06.1976 |
|
|
|
|
Com. Reg. No.: |
11-19067 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.9.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100MH1976PTC019067 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM20905D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM4507D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Supplier of Advance Intermediates and Fine Chemicals
to the Global Pharmaceutical, Agro Chemical and Colorant Industry. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 14700000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having satisfactory track
record. There appears slight dip in profitability. However, general financial
position of the company is good. Networth of the company appears to be
strong. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct and as per commitments. The company can be considered for normal 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
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in 2011
slowed because of persistently high inflation and interest rates and little
progress on economic reforms. High international crude prices have exacerbated
the government's fuel subsidy expenditures contributing to a higher fiscal
deficit, and a worsening current account deficit. Little economic reform took
place in 2011 largely due to corruption scandals that have slowed legislative
work. India's medium-term growth outlook is positive due to a young population
and corresponding low dependency ratio, healthy savings and investment rates,
and increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
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 DECLINED BY
|
Name : |
Mr. Mishra |
|
Designation : |
Account Manager |
|
Contact No.: |
91-22-26590172 |
|
Date : |
03.01.2013 |
LOCATIONS
|
Registered Office : |
503, Keshava, Bandra-Kurla Complex, Bandra (East), Mumbai-400051,
Maharashtra, India |
|
Tel. No.: |
91-22-26590172/ 0353/ 0118/ 42354070 |
|
Fax No.: |
91-22-66954585 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2000 sq. ft |
|
Location : |
Owned |
|
|
|
|
Factory : |
A1, MIDC, Ghughus Road, Chandrapur-442406, Maharashtra, India |
|
Tel. No.: |
91-7172-287618/ 287619 |
|
Fax No.: |
91-7172-287617 |
|
Email : |
|
|
Area : |
10 acre |
|
Location : |
Owned |
DIRECTORS
AS ON 04.09.2012
|
Name : |
Mr. Baburao Vishwanath Birewar |
|
Designation : |
Director |
|
Address : |
B- 103 Kalpatru Residency, Kamani Marg, Sion (East), Mumbai-400022,
Maharashtra, India |
|
Date of Birth/Age : |
28.11.1934 |
|
Date of Appointment : |
09.06.1976 |
|
Din No.: |
00023335 |
|
|
|
|
Name : |
Mr. Deepak Birewar |
|
Designation : |
Director |
|
Address : |
93/ B Kalpatru Residency, Kamani Marg, Sion (East), Mumbai-400022, Maharashtra,
India |
|
Date of Birth/Age : |
29.10.1962 |
|
Qualification : |
PHD From |
|
Date of Appointment : |
30.09.2003 |
|
Din No.: |
00023388 |
|
|
|
|
Name : |
Mr. Ajit Manohar Naik |
|
Designation : |
Director |
|
Address : |
63/ B Kalpatru Residency, Kamani Marg, Sion (East), Mumbai-400022,
Maharashtra, India |
|
Date of Birth/Age : |
09.06.1960 |
|
Qualification : |
B. Tech, MBA |
|
Date of Appointment : |
01.04.1993 |
|
Din No.: |
00023423 |
|
|
|
|
Name : |
Mr. Prakash Vithalrao Kondawar |
|
Designation : |
Director |
|
Address : |
415-A-Wing, 4th Floor, Himeshikhar Apartments, 11, Shivaji
Nagar, Nagpur-440010, |
|
Date of Birth/Age : |
29.09.1943 |
|
Date of Appointment : |
09.06.1976 |
|
Din No.: |
00029773 |
|
|
|
|
Name : |
Mr. Abhijeet Baburao Birewar |
|
Designation : |
Managing Director |
|
Address : |
113-B-Kalpataru Residency, Kamani Marg, Near Sioncircle, Sion (East),
Mumbai-400022, |
|
Date of Birth/Age : |
03.12.1969 |
|
Qualification : |
M.S.C in Chemicals From |
|
Date of Appointment : |
01.08.2011 |
|
Din No.: |
00029984 |
|
|
|
|
Name : |
Mrs. Alka Baburao Birewar |
|
Designation : |
Director |
|
Address : |
103, Tower B, Kalpataru Residen, |
|
Date of Birth/Age : |
01.04.1941 |
|
Date of Appointment : |
09.06.1976 |
|
Din No.: |
00030090 |
KEY EXECUTIVES
|
Name : |
Mr. Mishra |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 04.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Baburao Vishawanath Birewar |
|
122440 |
|
Baburao Vishawanath Birewar/ Alka Baburao Birewar |
|
375840 |
|
Baburao Vishawanath Birewar/ Deepak Baburao Birewar |
|
1500 |
|
Alka B Birewar |
|
58420 |
|
Alka B Birewar / Baburao Vishawanath Birewar |
|
55200 |
|
Alka Birewar / Abhijeet B Birewar |
|
1500 |
|
Baburao Vishawanath Birewar (HUF) |
|
37120 |
|
Abhijeet Baburao Birewar |
|
29475 |
|
Deepak Baburao Birewar |
|
24255 |
|
Rasika Abhijeet Birewar |
|
375 |
|
Neeta Ajit Naik |
|
6375 |
|
Ajit M Naik |
|
3500 |
|
Abhideep Chemicals Private Limited |
|
52160 |
|
Prakash Vithal Rao Kondawar |
|
6400 |
|
Anuprita Prakash Kondawar |
|
2400 |
|
Vijay Vithalrao Kondawar |
|
8960 |
|
Vrushali Vijay Kondawar |
|
13440 |
|
Shyam Gangadhar Pampattiwar |
|
26880 |
|
Ashatai Gangadhar Pampattiwar |
|
26880 |
|
Vasudha Sharadrao Utturwar |
|
3600 |
|
Mangala Vasantroa Mukewar |
|
8480 |
|
Nalini Dattatray Gangshettiwar |
|
8400 |
|
Trimbakrao Devidas Kunnawar / Ashatai Trimbakrao Kunnawar. |
|
22400 |
|
Vasudha Dattatraya Kancharlawar |
|
2000 |
|
Dattatraya Janardhan Kancharlawar |
|
2000 |
|
|
|
|
|
Total |
|
900000 |
AS ON 04.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
5.80 |
|
Directors
or relatives of directors |
|
94.20 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of Advance Intermediates and Fine Chemicals
to the Global Pharmaceutical, Agro Chemical and Colorant Industry. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
|||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||
|
Bankers : |
·
Bank of Maharashtra, Kalanagar, Bandra (East),
Mumbai-400051, Maharashtra, India ·
HDFC Bank, Khar, Mumbai, Maharashtra, India |
|||||||||||||||||||||||||||||||||
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kanu Doshi Associates Chartered Accountant |
|
Address : |
203, The Summit, Level 2, F Wing, Samarth Nagar, Hanuman Road, Western
Express Highway, Vile Parle (East), Mumbai-400057, Maharashtra, India |
|
Tel. No.: |
91-22-26150100 |
|
Fax No.: |
91-22-26150113 |
|
E-Mail : |
|
|
Website: |
|
|
PAN No: |
AAAFK1583C |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
980000 |
Equity Shares |
Rs.10/- each |
Rs.9.800 Millions |
|
2000 |
Preferences Shares |
Rs.100/- each |
Rs.0.200 Million |
|
|
TOTAL
|
|
Rs.10.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
900000 |
Equity Shares |
Rs.10/- each
|
Rs.9.000
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
9.000 |
9.000 |
6.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
360.533 |
354.192 |
348.993 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
369.533 |
363.192 |
354.993 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
15.578 |
3.377 |
11.700 |
|
|
2] Unsecured Loans |
37.926 |
40.725 |
45.974 |
|
|
TOTAL BORROWING |
53.504 |
44.102 |
57.674 |
|
|
DEFERRED TAX LIABILITIES |
13.765 |
16.145 |
18.348 |
|
|
|
|
|
|
|
|
TOTAL |
436.802 |
423.439 |
431.015 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
138.430 |
143.668 |
167.228 |
|
|
Capital work-in-progress |
12.081 |
7.028 |
3.166 |
|
|
|
|
|
|
|
|
INVESTMENT |
113.727 |
119.902 |
136.781 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
136.429
|
115.742 |
59.315 |
|
|
Sundry Debtors |
147.984
|
137.486 |
128.628 |
|
|
Cash & Bank Balances |
3.065
|
18.491 |
8.064 |
|
|
Other Current Assets |
11.079
|
4.857 |
0.000 |
|
|
Loans & Advances |
79.475
|
70.186 |
53.043 |
|
Total
Current Assets |
378.032
|
346.762 |
249.050 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
176.942
|
154.477 |
78.681 |
|
|
Other Current Liabilities |
14.526
|
20.214 |
31.367 |
|
|
Provisions |
14.000
|
19.230 |
15.162 |
|
Total
Current Liabilities |
205.468
|
193.921 |
125.210 |
|
|
Net Current Assets |
172.564
|
152.841 |
123.840 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
436.802 |
423.439 |
431.015 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
791.847 |
791.317 |
775.852 |
|
|
|
Other Income |
10.283 |
18.057 |
10.968 |
|
|
|
TOTAL (A) |
802.130 |
809.374 |
786.820 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
501.298 |
519.580 |
|
|
|
|
Cost of Traded Goods |
3.228 |
18.802 |
|
|
|
|
Employee Benefits Expenses |
46.343 |
49.512 |
717.557 |
|
|
|
Manufacturing and Other Expenses |
222.607 |
217.253 |
|
|
|
|
Increase / Decrease in Inventories |
4.964 |
(35.728) |
|
|
|
|
TOTAL (B) |
778.440 |
769.419 |
717.557 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
23.690 |
39.955 |
69.263 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.470 |
1.701 |
2.595 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
22.220 |
38.254 |
66.668 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
19.401 |
20.973 |
19.211 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
2.819 |
17.281 |
47.457 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(2.952) |
10.326 |
15.573 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
5.771 |
6.955 |
31.884 |
|
|
|
|
|
|
|
|
|
Add |
Adding Thereto: |
|
|
|
|
|
|
Surplus from Last Year |
NA |
99.150 |
76.539 |
|
|
|
Excess/ (Short) Provision of IT of Earlier Year |
NA |
NA |
(5.478) |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.365 |
0.700 |
2.391 |
|
|
|
Proposed Dividend |
0.090 |
0.900 |
1.200 |
|
|
|
Tax on Proposed Dividend |
0.015 |
0.146 |
0.204 |
|
|
BALANCE CARRIED
TO THE B/S |
5.301 |
5.209 |
99.150 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
NA |
NA |
133.519 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
NA |
NA |
248.279 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
6.41 |
7.73 |
44.01 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.72
|
0.85 |
4.05 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.35
|
2.18 |
6.12 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.55
|
3.52 |
11.40 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
0.05 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.70
|
0.65 |
0.52 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.84
|
1.79 |
1.99 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
|
Particulars |
31.03.2012 (Rs. in millions) |
31.03.2011 (Rs. in millions) |
31.03.2010 (Rs. in millions) |
|
Sundry Creditors |
176.942
|
154.477 |
78.681 |
|
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 |
No |
|
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 |
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 |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
OPERATIONS:
·
During the year the company has earned a profit of
Rs.2.819 Millions including other income, as compared to the profit during the previous
year of Rs.17.281 Millions. The total sales during the year has increase to
Rs.791.847 Millions as compared to Rs.791.317 Millions during the previous
year, resulting an increase of 0.07% in comparison to the previous year inspite
of the overall recessionary trend in the global chemical industry.
·
During the year the company followed on its
consistent approach to reduce costs via continuous process improvement and
energy conservation.
·
Raw material prices continued to remain firm during
the year, thereby affecting margins. The management lays emphasis on long term
relationships with suppliers of critical raw materials.
PROJECT AND FUTURE
PLANS:
·
The company intends to continue its efforts in
maintaining a leadership position in the Beta Naphthol and Allied Intermediates
Business. They intend to continue to cut costs and offer the products at
globally competitive pricing. Efforts at promoting export to Beta Naphthol and
other products met with good success during the year.
·
The company is using the R and D facility to
continuously look for new products mix, improve existing processes, reduce
effluents generation, amongst others as per international standards. A new
range of products for the cosmetic and pharma industry are under development.
·
Modernization and automation of manual processes of
improved operational efficiency, was continued during the year.
·
The company is also exploring newer growth areas
such as contract manufacturing / manufacturing outsourcing by engaging global
chemical companies for manufacturing contracts. The company is actively
pursuing the development of 5-6 new products under this category.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge identification
number of the modified |
90152725 |
|
Corporate
identity number of the company |
U27100MH1976PTC019067 |
|
Name of the
company |
MULTI ORGANICS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
503, Keshava, Bandra-Kurla Complex, Bandra (East), Mumbai-400051,
Maharashtra, India |
|
Type of charge |
Book Debts Movable Property
[not being pledge] Immovable
Property Any Interest in
Immovable Property |
|
Particular of charge
holder |
Bank of Maharashtra, Kalanagar, Bandra (East), Mumbai-400051,
Maharashtra, India Email: bom164@mahabank.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
Composite deed of
hypothecation for all facilities sanction letter dated 27.09.2012 |
|
Date of
instrument Creating the charge |
27.09.2012 |
|
Amount secured by
the charge |
Rs.100.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Cash Credit -
14.25% Terms of Repayment On Demand Margin Cash credit- 30% Packing credit -
10% FOBN- nil Letter of credit-
10% in term deposit Bank guarantee-
10% in term deposits Extent and Operation of the charge Equitable
Mortgage of Office No: 503, Fifth Floor, Keshava , Plot No: 4,Bandra Kurla
Complex, Bandra East, Mumbai -400051 and Equitable Mortgage of Office No: 208,
Second Floor, Keshava , Plot No: 4,Bandra Kurla Complex, Bandra East, Mumbai
-400051. Others Personal
guarantee of following directors 1) Mr. Baburao V.
Birewar 2) Mrs. Alka
Birewar 3) Mr. Abhijeet
Birewar 4) Mr. Ajit Naik |
|
Short particulars
of the property charged |
Equitable
Mortgage Of Office No: 503, Fifth Floor, Keshava, Plot No: 4, Bandra Kurla
Complex, Bandra East, Mumbai-400051. Equitable
Mortgage Of Office No: 208, Second Floor, Keshava, Plot No: 4, Bandra Kurla
Complex, Bandra East, Mumbai-400051. |
|
Date of latest
modification prior to the present modification |
17.11.2005 |
|
Particulars of
the present modification |
Cash credit
facility has been enhanced from Rs. 20.000 millions to Rs. 80.000 millions. Packing
credit facilities has been enhanced from Rs. 5.000 millions to Rs. 10.000
millions (sublimit within cc limit). Inland LC limit has been enhanced from
Rs. 7.500 millions to Rs. 17.500 millions. No change in bank guarantee limit.
Hence by the present modification the total facility has been increased from
Rs. 30.000 millions to Rs. 100.000 millions. |
FIXED ASSETS:
·
·
·
Residential Flats
·
·
Plant and Machinery
·
Water Pollution
·
Vehicles
·
Office Equipments
·
Computers/ Software
·
Furniture and Fixtures
·
Office Premises
·
Quarters
·
Jeep/ Van Shed
·
Administrative Building
·
Air- Conditioners
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.54.41 |
|
|
1 |
Rs.88.29 |
|
Euro |
1 |
Rs.71.49 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
49 |
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.