Business
information report
1. Summary Information
|
Country |
India |
||
|
Company Name |
OSWAL INDUSTRIES
LIMITED |
Principal Name 1 |
Mr. Babulal H Bokadia |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Jitendra H Bokadia |
|
Registration # |
04-006037 |
||
|
Street Address |
Blieshwarpura P O Chattral, Taluka Kalol, District : Gandhinagar - 382729, Gujarat |
||
|
Established Date |
19.03.1983 |
SIC Code |
-- |
|
Telephone# |
91-2764-232261 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-2764-233411 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Gate valve |
|
|
# of employees |
350 (approximately) |
Product Name 2 |
Globe Valve |
|
Paid up capital |
Rs.
93,594,000/- |
Product Name 3 |
DIN Globe Valve
PN |
|
Shareholders |
Bodies corporate – 22.44% Directors or relatives of
directors – 66.98% Other top fifty shareholders –
6.87% Others – 3.71% |
Banking |
Central Bank of
India |
|
Public Limited Corp. |
Yes |
Business Period |
29 years |
|
IPO |
Yes |
International Ins. |
- |
|
Public Enterprise |
Yes |
Rating |
Ba ( 42) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates |
India
|
Metal Forge India |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
550,241,000 |
Current Liabilities |
141,563,000 |
|
Inventories |
138,010,000 |
Long-term Liabilities |
381,264,000 |
|
Fixed Assets |
276,012,000 |
Other Liabilities |
22,381,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
545,208,000 |
|
Invest& other Assets |
15,504,000 |
Retained Earnings |
340,965,000 |
|
|
|
Net Worth |
434,559,000 |
|
Total Assets |
979,767,000 |
Total Liab. & Equity |
979,767,000 |
|
Total Assets (Previous Year) |
675,339,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
1007,395,000 |
Net Profit |
90,249,000 |
|
Sales(Previous yr) |
823,445,000 |
Net Profit(Prev.yr) |
84,311,000 |
|
Report Date : |
29.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
OSWAL INDUSTRIES LIMITED (w.e.f.1994) |
|
|
|
|
Formerly Known As: |
OSWAL CASTINGS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Blieshwarpura, P O Chattral,
Taluka Kalol, District : Gandhinagar -
382729, Gujarat |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
19.03.1983 |
|
|
|
|
Com. Reg. No.: |
04-006037 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 93.594 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L27100GJ1983PLC006037 |
|
|
|
|
IEC No.: |
0895006383 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMO00419G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACO3443L |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchange. |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Industrial Valves. |
|
|
|
|
No. of Employees
: |
350 (approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1700000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having a satisfactory track record.
The latest financials are not made available with government department and
management has denied to part any information. As per previous year’s, the company performance seems to be good.
Trade relations are reported to be fair. Business is active. Payments are
reported to be usually correct and as per commitment. The company can be considered for business dealings at usual trade
terms and condition. Note: The Shares of the subject company are not traded from last 30 days. |
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
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
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BBB (Long term Rating) |
|
Rating Explanation |
Having moderate degree of safety regarding timely servicing of
financial obligations it carry moderate credit risk. |
|
Date |
9th March 2012 |
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 DENIED BY
|
Name : |
Mr. Jitendra Bohadia |
|
Designation : |
Director |
|
Date : |
29.01.2013 |
LOCATIONS
|
Registered Office/ Factory 1: |
Blieshwarpura, P O Chattral,
Taluka Kalol, District : Gandhinagar -
382729, Gujarat, India |
|
Tel. No.: |
91-2764-232261/233661/226885/304700 |
|
Fax No: |
91-2764-233411/226882 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office/ Factory 2: |
123/3, Block # 258, Ola, Kalol – Mehsana Highway, Taluk: Kalol,
District:: Gandhinagar-382729, Gujarat. India |
|
Tel. No.: |
91- 2764-226884/85/86 |
|
Fax No.: |
91- 2764 -226882. |
|
E-Mail : |
|
|
Area: |
Owned |
|
|
|
|
Branches : |
Mumbai Office: 3rd Floor, |
|
Tel. No.: |
91-22-30088001 to 5/ 66518970 |
|
Fax No.: |
91- 22 -23861642 |
|
E-Mail : |
|
|
Area: |
Owned |
|
|
|
|
Valve Division : |
Block No. 258, Ahmedabad – Mehsana Expressway, Village – Ola, Post – Island,
Taluka- Kalol, District- Gandhinagar-382740, Gujarat. India |
|
Tel. No.: |
91- 2764-304700/304997/304998 |
|
Fax No.: |
91- 2764 -226882 |
|
E-Mail : |
DIRECTORS
As on 28.09.2010
|
Name : |
Mr. Babulal H Bokadia |
|
Designation : |
Chairman and Managing Director |
|
Address : |
Above Shah super market, Kalol, (N G ), District Gandhinagar, |
|
Date of Birth/Age : |
27.02.1958 |
|
Qualification : |
SSC examination from Rajasthan State Board |
|
Experience : |
30 years |
|
Date of Appointment : |
19.03.1983 |
|
DIN No.: |
00559976 |
|
|
|
|
Name : |
Mr. Jitendra H Bokadia |
|
Designation : |
Executive Director |
|
Address : |
25, Dhan Bhavan, 1st
|
|
Date of Birth/Age : |
36 years |
|
Qualification : |
SSC examination from Rajasthan State Board |
|
Experience : |
20 years |
|
Date of Appointment : |
01.08.1993 |
|
DIN No.: |
02219590 |
|
|
|
|
Name : |
Mr. Ratan Bokadia |
|
Designation : |
Director |
|
Address : |
3, Manipushpa Society, Part-6, Near |
|
Date of Birth/Age : |
16.08.1978 |
|
Qualification : |
Diploma in Mechanical Engineering from North Gujarat
University |
|
Experience : |
11 years |
|
Date of Appointment : |
16.08.2001 |
|
DIN No.: |
02219340 |
|
|
|
|
Name : |
Mr. Bhushanlal Tickoo |
|
Designation : |
Non Executive & Independent Director |
|
Address : |
27, PragatLakshmi Society, Panchvati Area, |
|
Date of Birth/Age : |
14.04.1945 |
|
Qualification : |
40 years |
|
Experience : |
30.09.2005 |
|
Date of Appointment : |
02482760 |
|
|
|
|
Name : |
Mr. Jayant B Bokadia |
|
Designation : |
Director |
|
Address : |
3, Manipushpa Society, Part-6, Near |
|
Date of Birth/Age : |
09.06.1982 |
|
Qualification : |
Bachelor of Computers degree from Narsinbhai Patel College
of Computer Studies & MBA (Finance) degree from AMA Gujarat |
|
Experience : |
7 years |
|
Date of Appointment : |
30.09.2005 |
|
DIN No.: |
02408771 |
|
|
|
|
Name : |
Mr. Ravi P Doshi |
|
Designation : |
Director |
|
Address : |
454, |
|
Date of Birth/Age : |
29.07.1982 |
|
Qualification : |
MBA (International Business) degree from London
Metropolitan University, Certificate Course from Keil University-Germany and
Business English Certification by University of Cambridge |
|
Experience : |
7 years |
|
Date of Appointment : |
30.09.2005 |
|
Din No.: |
02219600 |
|
|
|
|
Name : |
Mr. Arvind Kumar Bhandari |
|
Designation : |
Non Executive & Independent Director |
|
Address : |
101, Samprat Residency- II, Behind Styagrah Chavni, Bodakdev,
ahmedbad-380 054, |
|
Date of Birth/Age : |
02.04.1949 |
|
Qualification : |
M. Sc degree from PAU, Uttar Pradesh |
|
Experience : |
35 years |
|
Date of Appointment : |
31.10.2009 |
|
Din No.: |
00586234 |
|
|
|
|
Name : |
Mr. Neeraj Yadav |
|
Designation : |
Non Executive & Independent Director |
|
Address : |
Sardar Patel Marg, Jaipur-302 019, |
|
Date of Birth/Age : |
23.08.1974 |
|
Qualification : |
BE (Production and Industrial Engineering) degree from University
of Rajasthan Institute and MBA (Operations management) degree from IGNOU |
|
Experience : |
10 years |
|
Date of Appointment : |
14.09.2009 |
|
Din No.: |
00839896 |
|
|
|
|
Name : |
Mr. Ashok Bhatia |
|
Designation : |
Non Executive & Independent Director |
|
Address : |
Lalit, Plot No.69, Opposite Gymkhana, Sector-19, Ghadhinagar-382 019, |
|
Date of Birth/Age : |
30.01.2010 |
|
Qualification : |
MA degree from Allahabad University, retired IAS officer |
|
Experience : |
36 years |
|
Date of Appointment : |
17.12.1941 |
|
Din No.: |
02925556 |
|
|
|
|
Name : |
Mr. Rashmikant Mehta |
|
Designation : |
Non Executive & Independent Director |
|
Address : |
27, Samadhur society, |
|
Date of Birth/Age : |
04.10.1948 |
|
Qualification : |
Chartered Accountant |
|
Experience : |
35 years |
|
Date of Appointment : |
03.02.2010 |
|
Din No.: |
02933012 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2010
|
Names of Shareholders |
No. of Shares |
|
Lavina A Goenka |
250000 |
|
Amit G Mehta |
70000 |
|
Hiren Gandhi |
40000 |
|
Amit Dhanki |
20000 |
|
Swati Khaitan |
20000 |
|
Rita S Shah |
20000 |
|
Sudhindar K Khanna |
20000 |
|
Jayantilal M Sanghvi |
10800 |
|
Sunil Gokhale |
10000 |
|
Kalyanji Dedhia HUF |
10000 |
|
Arvind Deshpande |
10000 |
|
Umesh K Gala |
10000 |
|
Apeksha Sangoi |
10000 |
|
Samir Mehta |
10000 |
|
Jayesh Thacker |
10000 |
|
Shailesh Doshi |
10000 |
|
Harish Kailash Aggarwal |
10000 |
|
Seema Mahadevia |
10000 |
|
Sulaja Gaonkar |
10000 |
|
Rani Ram Mukerji |
10000 |
|
Ravi Printers |
7500 |
|
Nagram Mulji Chaudhri |
5000 |
|
Pukhraj R Shah |
5000 |
|
Kishore Bhai Patel |
2500 |
|
Badrilal R Shah |
2000 |
As on 28.09.2010
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
22.44 |
|
Directors
or relatives of directors |
66.98 |
|
Other
top fifty shareholders |
6.87 |
|
Others
|
3.71 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers and Exporter of Industrial Valves |
||||||
|
|
|
||||||
|
Products : |
· Gate valve · API 6D Through Conduct Gate · Globe Valve · DIN Globe Valve PN · Trunnion Mounted Ball Valve
|
PRODUCTION STATUS (As on 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
M S and S S Casting |
MT |
3000 |
3000 |
|
Valve |
No. |
40000 |
40000 |
GENERAL INFORMATION
|
No. of Employees : |
350 (approximately) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
Central Bank of Punjab National Bank, International Banking Branch, Neelkamal Complex, Opposite Sales India, Ashram Road, Ahmedabad – 380 009, Gujarat, India
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
Note:
· HDFC Bank – Cash Credit : Rs. 210.000 millions · Punjab National Bank – Cash Credit, Overdraft, Term Loan : Rs. 340.000 millions |
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Mehta Lodha and Company Chartered Accountants |
|
Address : |
105, Sakar – 1st Floor, Opposite Gandhigram Railway
station, |
|
Tel No.: |
91-79-26586683/ 84/85 |
|
Fax No.: |
91-79-26586684 |
|
|
|
|
Associate Concern : |
|
CAPITAL STRUCTURE
As on 31.03.2011
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- Each |
Rs.150.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9359400 |
Equity Shares |
Rs.10/- Each |
Rs.93.594
millions |
|
|
|
|
|
Note:
Equity Share Capital Including 3250000 Shares
of Rs.10/- each issued to the shareholders of amalgamating company on 5th
August, 2008.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
93.594 |
93.594 |
93.594 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
340.965 |
261.630 |
188.269 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
434.559 |
355.224 |
281.863 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
288.685 |
195.972 |
194.698 |
|
|
2] Unsecured Loans |
92.579 |
0.407 |
1.431 |
|
|
TOTAL BORROWING |
381.264 |
196.379 |
196.129 |
|
|
DEFERRED TAX LIABILITIES |
22.040 |
21.665 |
21.536 |
|
|
|
|
|
|
|
|
TOTAL |
837.863 |
573.268 |
499.528 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
276.012 |
256.409 |
242.093 |
|
|
Capital work-in-progress |
5.217 |
1.158 |
1.681 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
138.010
|
135.964
|
79.598 |
|
|
Sundry Debtors |
340.807
|
199.024
|
195.719 |
|
|
Cash & Bank Balances |
26.030
|
17.171
|
9.168 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
183.404
|
59.263
|
51.804 |
|
Total
Current Assets |
688.251
|
411.422
|
336.289 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
131.119
|
92.228 |
78.949 |
|
|
Other Current Liabilities |
10.444
|
5.135
|
0.941 |
|
|
Provisions |
0.341
|
4.708
|
4.769 |
|
Total
Current Liabilities |
141.904
|
102.071
|
84.659 |
|
|
Net Current Assets |
546.347
|
309.351
|
251.630 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
10.287 |
6.350 |
4.124 |
|
|
|
|
|
|
|
|
TOTAL |
837.863 |
573.268 |
499.528 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1007.395 |
823.445 |
791.787 |
|
|
|
Other Income |
18.789 |
8.156 |
1.181 |
|
|
|
TOTAL (A) |
1026.184 |
831.601 |
792.968 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption Material changes inventories |
652.462 |
523.354 |
433.723 |
|
|
|
Manufacturing Service Costs |
29.556 |
28.676 |
99.057 |
|
|
|
Contract Cost |
30.109 |
26.443 |
0.000 |
|
|
|
Employees related expenses |
55.803 |
46.271 |
38.259 |
|
|
|
Administrative selling other expenses |
60.458 |
37.264 |
35.382 |
|
|
|
Prior Period Item |
7.349 |
2.044 |
0.000 |
|
|
|
Increase / (Decrease) in Stock |
0.000 |
0.000 |
23.684 |
|
|
|
Preliminary Expenses W/Off |
0.000 |
0.000 |
0.303 |
|
|
|
TOTAL (B) |
835.737 |
664.052 |
630.884 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
190.447 |
167.549 |
162.560 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
30.230 |
17.843 |
23.085 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
160.217 |
149.706 |
139.475 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
27.602 |
26.947 |
22.470 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
132.615 |
122.759 |
117.005 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
42.366 |
38.448 |
35.922 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
90.249 |
84.311 |
81.083 |
|
|
|
|
|
|
|
|
|
Less |
Prior period
items |
0.000 |
0.000 |
(0.476) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
170.828 |
102.466 |
60.094 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
8.000 |
5.000 |
30.000 |
|
|
|
Dividend |
9.359 |
9.359 |
5.109 |
|
|
|
Dividend Tax |
1.555 |
1.590 |
0.886 |
|
|
|
Provision of Deprecation of earlier years |
0.000 |
0.000 |
2.240 |
|
|
BALANCE CARRIED
TO THE B/S |
242.163 |
170.828 |
102.466 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
NA |
5.676 |
8.123 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.64 |
9.01 |
10.01 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
8.79
|
10.45
|
10.23 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
13.16
|
15.16
|
14.78 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.75
|
18.69
|
20.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30
|
0.35
|
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.20
|
0.84
|
1.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.85
|
4.03
|
3.97 |
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 |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
No |
|
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 |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOAN:
|
Unsecured Loans : |
31.03.2011 (Rs. in Millions) |
31.03.2010 (Rs. in Millions) |
|
Working capital loans banks unsecured |
0.000 |
0.040 |
|
Loans directors unsecured |
0.000 |
0.294 |
|
Hire purchase installment payable unsecured |
92.579 |
0.073 |
|
|
|
|
|
Total |
92.579 |
0.407 |
MANAGEMENT
DISCUSSION AND ANALYSIS REPORT
OUTLOOK:
The performance of
the company is expected to remain encouraging and the company looks for the better
future with all round expansion and developments in the valve market. The
company has planned further expansion programme to increase its capacity in
large Size Valves to ensure better results in upcoming years
TRADE REFERENCES:
FIXED ASSETS:
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 records 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.53.89 |
|
|
1 |
Rs.84.93 |
|
Euro |
1 |
Rs.72.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
NID |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
42 |
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.