MIRA INFORM REPORT
|
Report Date : |
05.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
NAMCO CORP LIMITED (w.e.f. 22.07.2009) |
|
|
|
|
Formerly Known
As : |
NAMCO CORP PRIVATE LIMITED (w.e.f. 30.03.2009) NAMCO STEELS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Nav Vyapar Bhavan, 49, P.D. Mello Road, Carnac Bunder, 5th
Floor, Office No-525, 526,527, Mumbai-400009, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
27.08.2007 |
|
|
|
|
Com. Reg. No.: |
11-173515 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 160.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27320MH2007PLC173515 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Trader and Importer and Exporter of
Galvanized Wires, Hot Rolled and Cold Rolled Steel Products, Forgings, Tubes,
Bars, Billets, Steel Scrap, Steel Plates, Shredded Scrap, etc. |
|
|
|
|
No. of Employees
: |
60 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1500000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a Flagship company of ‘Namco Group’. It is an established
company having a moderate track record. The external borrowing of the company appears to be huge. The .profit
margin is low. It faces foreign exchange fluctuation risk, commodity price risk
inherent in trading operations and inherent cyclicality in the steel
industry. However, trade relations are reported as fair. Business is known to be
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
BB (Long Term Bank Facilities) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
October 2012 |
|
Rating Agency Name |
CARE |
|
Rating |
A4 (Short Term Bank Facilities) |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
October 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 PARTED BY
|
Name : |
Mr. Yadav |
|
Designation : |
Accountant |
|
Contact No.: |
91-731-4026666 |
|
Date : |
28.06.2013 |
LOCATIONS
|
Registered Office : |
Nav Vyapar Bhavan, 49, P.D. Mello Road, Carnac Bunder, 5th Floor,
Office No-525, 526,527, Mumbai-400009, Maharashtra, India |
|
Tel. No.: |
91-22-40236500 |
|
Fax No.: |
91-22-22850269 |
|
E-Mail : |
|
|
Website : |
|
|
Location: |
Owned |
|
|
|
|
Head Office : |
14/1, New Palasia, Indore-452001, Madhya Pradesh, India |
|
Tel. No.: |
91-731-4026666 / 4036666 / 3917000 |
|
Fax No.: |
91-731-4037252 |
|
|
|
|
Corporate Office : |
525 Vyapar Bhawan, P. Dmello Road, Carnac Bunder, Masjid
(East), Mumbai–400009, Maharashtra, India |
|
Tel. No.: |
91-22-40236500 |
|
Fax No.: |
91-22-40236501 |
|
|
|
|
Factory : |
Village Horale Post Office, Wawoshi Taluka Khalapur, District
Raigadh-410203, Maharashtra, India |
|
Tel No.: |
91-219-2278003 |
|
Location : |
owned |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Vijay Janakraj Soni |
|
Designation : |
Director |
|
Address : |
19/2, Manorama Ganj, Indore-452001, Madhya Pradesh, India |
|
Date of Birth/Age : |
07.09.1958 |
|
Date of Appointment : |
27.08.2007 |
|
Date of Cessation : |
05.03.2012 |
|
DIN No.: |
00309610 |
|
|
|
|
Name : |
Mr. Namit Vijay Soni |
|
Designation : |
Managing director |
|
Address : |
19/2, Manorama Ganj, Indore-452001, Madhya Pradesh, India |
|
Date of Birth/Age : |
01.09.1984 |
|
Date of Appointment : |
27.08.2007 |
|
DIN No.: |
01411732 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U51909MH2007PTC172447 |
DARSHAN
MERCANTILE PRIVATE LIMITED |
Additional
director |
23-07-07 |
23-07-07 |
- |
Active |
NO |
|
2 |
U27320MH2007PLC173515 |
NAMCO
CORP LIMITED |
Managing
director |
31-03-09 |
27-08-07 |
- |
Active |
NO |
|
3 |
U36912MH2008PTC178488 |
TRUE
VALUE DIAMONDS PRIVATE LIMITED |
Director |
05-02-08 |
05-02-08 |
- |
Active |
NO |
|
4 |
U51909MH2009PTC194346 |
NAMCO
COMMODITIES PRIVATE LIMITED |
Director |
24-07-09 |
24-07-09 |
- |
Active |
NO |
|
5 |
U27101MH2009PTC194593 |
NAMCO
INDUSTRIES PRIVATE LIMITED |
Director |
03-08-09 |
03-08-09 |
- |
Active |
NO |
|
6 |
U45200MP2010PTC023677 |
NAMCO
REALITY PRIVATE LIMITED |
Director |
31-05-10 |
31-05-10 |
- |
Active |
NO |
|
7 |
U70100MP2010PTC024137 |
VISIONARY
REALINFRA PRIVATE LIMITED |
Director |
18-08-10 |
18-08-10 |
19-02-11 |
Active |
NO |
|
8 |
U45400HR2007PTC036927 |
PANACEA
WAREHOUSING AND INFRASTRUCTURES PRIVATE LIMITED |
Additional
director |
14-09-10 |
14-09-10 |
- |
Active |
NO |
|
9 |
U65921MH1994PTC084190 |
SKYSCRAPPERS
DEVELOPERS PRIVATE LIMITED |
Director |
22-12-10 |
22-12-10 |
23-03-13 |
Active |
NO |
|
10 |
U51101MH2012PTC234481 |
ATZ
CORP PRIVATE LIMITED |
Director |
14-08-12 |
14-08-12 |
- |
Active |
NO |
|
Name : |
Mr. Ujwal Vijay Soni |
|
Designation : |
Director |
|
Address : |
19/2, Manorama Ganj, Indore-452001, Madhya Pradesh, India |
|
Date of Appointment : |
31.03.2009 |
|
DIN No.: |
02585537 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U27320MH2007PLC173515 |
NAMCO
CORP LIMITED |
Director |
30-09-11 |
31-03-09 |
Active |
NO |
|
2 |
U27101MH2009PTC194593 |
NAMCO
INDUSTRIES PRIVATE LIMITED |
Director |
30-09-11 |
15-12-10 |
Active |
NO |
|
3 |
U65921MH1994PTC084190 |
SKYSCRAPPERS
DEVELOPERS PRIVATE LIMITED |
Director |
22-12-10 |
22-12-10 |
Active |
NO |
|
4 |
U45200MP2010PTC023677 |
NAMCO
REALITY PRIVATE LIMITED |
Director |
22-03-11 |
22-03-11 |
Active |
NO |
|
5 |
U36912MH2008PTC178488 |
TRUE
VALUE DIAMONDS PRIVATE LIMITED |
Director |
22-03-11 |
22-03-11 |
Active |
NO |
|
6 |
U51909MH2007PTC172447 |
DARSHAN
MERCANTILE PRIVATE LIMITED |
Director |
22-03-11 |
22-03-11 |
Active |
NO |
|
7 |
U45400HR2007PTC036927 |
PANACEA
WAREHOUSING AND INFRASTRUCTURES PRIVATE LIMITED |
Director |
22-03-11 |
22-03-11 |
Active |
NO |
|
8 |
U51909MH2009PTC194346 |
NAMCO
COMMODITIES PRIVATE LIMITED |
Director |
30-04-11 |
30-04-11 |
Active |
NO |
|
9 |
U51101MH2012PTC234481 |
ATZ
CORP PRIVATE LIMITED |
Director |
14-08-12 |
14-08-12 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Yadav |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
No. of Shares |
|
Vijay Soni |
2507325 |
|
Namit Soni |
2497525 |
|
Anuradha Soni |
2497425 |
|
Ujjwal Soni |
2497425 |
|
Sahiba Soni |
100 |
|
Gyanswaroop Ahuja |
100 |
|
Ashish Ahuja |
100 |
|
TOTAL
|
10000000 |
AS ON 30.09.2010
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader and Importer and Exporter of
Galvanized Wires, Hot Rolled and Cold Rolled Steel Products, Forgings, Tubes,
Bars, Billets, Steel Scrap, Steel Plates, Shredded Scrap, etc. |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
Tanzania |
|
|
|
|
Imports : |
|
|
Products : |
Finished Goods |
|
Countries : |
Luxembourg |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit |
|
|
|
|
Purchasing : |
Cash, Credit |
GENERAL INFORMATION
|
Customers : |
Industrial |
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
No. of Employees : |
60 (Approximately) |
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Dafria and Company Chartered Accountants |
|
Address : |
A-1, Megh Building, 13/2 M.G. Road, Indore- 452001, Madhya
Pradesh, India |
|
Tel. No.: |
91-731-4069505 / 4065063 |
|
Fax No.: |
91-731-4065063 |
|
E-Mail : |
|
|
PAN No.: |
ABWPD7295H |
CAPITAL STRUCTURE
AS ON 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16000000 |
Equity Shares |
Rs.10/- each |
Rs. 160.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16000000 |
Equity Shares |
Rs.10/- each |
Rs. 160.000 Millions |
|
|
|
|
|
AS ON 29.09.2012
Authorised Capital : Rs. 175.000
Millions
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16000000 |
Equity Shares |
Rs.10/- each |
Rs. 160.000 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 |
|
160.000 |
100.000 |
|
(b) Reserves & Surplus |
|
237.170 |
258.222 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
397.170 |
358.222 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
587.087 |
603.290 |
|
(b) Deferred tax liabilities (Net) |
|
12.508 |
7.446 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
599.595 |
610.736 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
894.363 |
715.427 |
|
(b) Trade payables |
|
2029.314 |
1455.276 |
|
(c) Other current
liabilities |
|
406.383 |
248.922 |
|
(d) Short-term
provisions |
|
11.120 |
10.553 |
|
Total Current
Liabilities (4) |
|
3341.180 |
2430.178 |
|
|
|
|
|
|
TOTAL |
|
4337.945 |
3399.136 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
226.499 |
224.521 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
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 |
|
3.829 |
3.339 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
230.328 |
227.860 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
1807.676 |
864.636 |
|
(c) Trade receivables |
|
974.206 |
923.475 |
|
(d) Cash and cash
equivalents |
|
1075.004 |
1024.858 |
|
(e) Short-term loans
and advances |
|
250.728 |
358.300 |
|
(f) Other current
assets |
|
0.003 |
0.007 |
|
Total Current Assets |
|
4107.617 |
3171.276 |
|
|
|
|
|
|
TOTAL |
|
4337.945 |
3399.136 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
100.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
222.870 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
322.870 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
452.195 |
|
|
2] Unsecured Loans |
|
|
555.736 |
|
|
TOTAL BORROWING |
|
|
1007.931 |
|
|
DEFERRED TAX LIABILITIES |
|
|
1.998 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1332.799 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
89.173 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
10.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
656.701
|
|
|
Sundry Debtors |
|
|
545.993
|
|
|
Cash & Bank Balances |
|
|
947.864
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
264.608
|
|
Total
Current Assets |
|
|
2415.166 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
186.373
|
|
|
Other Current Liabilities |
|
|
981.416
|
|
|
Provisions |
|
|
13.761
|
|
Total
Current Liabilities |
|
|
1181.550 |
|
|
Net Current Assets |
|
|
1233.616
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.010 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1332.799 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
6812.729 |
5807.160 |
5013.618 |
|
|
|
Other Income |
0.271 |
1.228 |
29.473 |
|
|
|
TOTAL (A) |
6813.000 |
5808.388 |
5043.091 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
7311.976 |
5647.197 |
|
|
|
|
Employee benefit expense |
7.115 |
4.759 |
|
|
|
|
Other expenses |
366.020 |
301.558 |
|
|
|
|
Exceptional Items |
0.003 |
0.003 |
|
|
|
|
Changes in inventories
of finished goods, work-in-progress and stock-in-trade |
(943.040) |
(207.934) |
|
|
|
|
TOTAL (B) |
6742.074 |
5745.583 |
4970.298 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
70.926 |
62.805 |
72.793 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
7.298 |
6.097 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
63.628 |
56.708 |
72.793 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
8.609 |
5.395 |
1.116 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
55.019 |
51.313 |
71.677 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
16.071 |
15.961 |
13.986 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
38.948 |
35.352 |
57.691 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
118.621 |
83.269 |
25.578 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
157.569 |
118.621 |
83.269 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
9.145 |
47.260 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
3249.891 |
1104.463 |
1538.940 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
3.00 |
3.54 |
11.54 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
7500.000 |
|
|
|
|
|
Expected Sales (2013-2014) : Rs. 8000.000 Millions
The above information has been parted by Mr. Yadav.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.57
|
0.61 |
1.14
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.81
|
0.88 |
1.43
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.27
|
1.51 |
2.86
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
0.14 |
0.22
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.73
|
3.68 |
3.12
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.23
|
1.30 |
2.04
|
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 |
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
Yes |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Long Term
Borrowings |
|
|
|
Intercorporate Borrowings |
554.429 |
555.128 |
|
|
|
|
|
TOTAL |
554.429 |
555.128 |
NOTE
The registered office of the company has been shifted from Plot No.
J/18, M.I.D.C. Taloja Raigarh Navade Road, Mumbai-410208, Maharashtra India to
the present address w.e.f. 30.11.2010
FIXED ASSETS
- Land and
Building
- Plant and
Machinery
- Computer
- Furniture and
Fixtures
- Motor 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. 60.09 |
|
|
1 |
Rs. 91.57 |
|
Euro |
1 |
Rs. 78.07 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLV |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.