MIRA INFORM REPORT
|
Report Date : |
29.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
BRASS COPPER
ALLOY ( |
|
|
|
|
Formerly Known
As : |
BRASS COPPER AND
ALLOY ( |
|
|
|
|
Registered
Office : |
3rd Floor, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
24.10.1991 |
|
|
|
|
Com. Reg. No.: |
11-063742 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.15.200 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U67104MH1991PLC063742 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMB11267E MUMB05919E MUMB05900G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB2011P |
|
|
|
|
Legal Form : |
A Closely Held
Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and
Exporter of Electrical Cable Accessories. |
|
|
|
|
No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 550000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal for 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.
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 |
CRISIL |
|
Rating |
BBB – (Long Term Rating) |
|
Rating Explanation |
Having moderate degree of safety regarding timely servicing of
financial obligation. It carry moderate credit risk. |
|
Date |
January 2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. S R Murthy |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-66364800 |
|
Date : |
25.07.2013 |
LOCATIONS
|
Registered Office / Head Office : |
3rd Floor, |
|
Tel. No.: |
91-22-66364800 / 66200400 |
|
Fax No.: |
91-22-66360708 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2000 sq. ft. (Approximately) |
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No. 11,
Vadkhamba, Taluka Kaparda, District
Valsad – 396125, |
|
E-Mail : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Manish
Harishchandra Desai |
|
Designation : |
Director |
|
Address : |
11, 2nd
Floor, Jaisukh Co-operative Society, |
|
Date of Birth/Age : |
03.07.1965 |
|
Qualification : |
B.E. |
|
Date of Appointment : |
24.10.1991 |
|
DIN No.: |
00895818 |
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 |
U67104MH1991PLC063742
|
BRASS COPPER
ALLOY (INDIA) LIMITED |
Director |
24/10/1991 |
24/10/1991 |
Active |
NO |
|
2 |
U74140KA2006PTC039225
|
SGI ENGINEERS
PRIVATE LIMITED |
Director |
03/05/2006 |
03/05/2006 |
Active |
NO |
|
3 |
U29253MH2012PTC233435
|
MANAV ENERGY
PRIVATE LIMITED |
Director |
17/07/2012 |
17/07/2012 |
Active |
NO |
|
Name : |
Mr. Mahesh
Mangilal Mehta |
|
Designation : |
Director |
|
Address : |
74/76, 3rd
Floor, Fat No.6, |
|
Date of Birth/Age : |
12.05.1972 |
|
Qualification : |
B.Com. |
|
Date of Appointment : |
02.12.1994 |
|
DIN No.: |
00895861 |
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 |
U67104MH1991PLC063742
|
BRASS COPPER
ALLOY (INDIA) LIMITED |
Director |
02/12/1994 |
02/12/1994 |
Active |
NO |
|
2 |
U74140KA2006PTC039225
|
SGI ENGINEERS
PRIVATE LIMITED |
Director |
03/05/2006 |
03/05/2006 |
Active |
NO |
|
3 |
U72900MH2006PTC166494
|
HC INFOTECH
SERVICES PRIVATE LIMITED |
Director |
26/12/2006 |
26/12/2006 |
Active |
|
|
4 |
U29253MH2012PTC233435
|
MANAV ENERGY
PRIVATE LIMITED |
Director |
17/07/2012 |
17/07/2012 |
Active |
NO |
|
Name : |
Mr. Jayesh
Babulal Morakhia |
|
Designation : |
Director |
|
Address : |
Chandanbala
Co-Operative Housing Society, 13th Floor, Flat No. 1306, 4 R R
Thakkar Marg, Malabar Hill, Mumbai – 400006, |
|
Date of Birth/Age : |
16.11.1964 |
|
Date of Appointment : |
02.12.1994 |
|
DIN No.: |
01597607 |
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 |
U67104MH1991PLC063742
|
BRASS COPPER
ALLOY (INDIA) LIMITED |
Director |
02/12/1994 |
02/12/1994 |
Active |
NO |
|
2 |
U27101GJ1985PTC008258
|
MUKESH METAL INDUSTRIES
PRIVATE LIMITED |
Director |
21/10/2004 |
21/10/2004 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. S R Murthy |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Rajesh Manharlal
Sanghvi |
124500 |
|
Manish Harishbhai
Desai |
370500 |
|
Parul Manish
Desai |
95000 |
|
Jayesh Babulal
Morakhia |
390000 |
|
Chetna Jayesh
Morakhai |
20000 |
|
Sanjay Ramniklal
Shah |
25000 |
|
Pragna S.
Dadbhawla |
10000 |
|
Maheshkumar
Mangilal Mehta |
365000 |
|
Ganpatkumar
Vatsaraj Mehta |
25000 |
|
Rikabchand
Vatsaraj Mehta |
25000 |
|
Jayaben Mangilal
Mehta |
10000 |
|
Urmilaben
Rikabchand Mehta |
10000 |
|
Varshaben
Babulala Morakhiya |
25000 |
|
Anita Ganpatkumar
Mehta |
12500 |
|
Mangilal Vasaraj
Mehta |
12500 |
|
TOTAL
|
1520000 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and
Exporter of Electrical Cable Accessories. |
|
|
|
|
Products : |
|
|
|
|
|
Exports : |
|
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit (30 Days / 60 Days) |
|
|
|
|
Purchasing : |
Cash, Credit (30 Days / 60 Days) |
PRODUCTION STATUS (AS ON : 31.03.2011)
|
Particulars |
Unit |
Actual
Production |
|
Tinned Copper Cable Terminal Ends |
-- |
91874865 |
|
Others |
-- |
5526621 |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
300 (Approximately) |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
|
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kamdar Desai and Patel Chartered Accountant |
|
Address : |
Vasaikar House, 296 Cadell Road, Dadar (West), Mumbai-400028,
Maharashtra, India |
|
Tel. No.: |
91-22-24475000 |
|
Fax No.: |
91-22-24475001 |
|
E-Mail : |
|
|
PAN No.: |
AAAFK6984H |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1100000 |
Equity Shares |
Rs.10/- each |
Rs. 11.000
Millions |
|
|
New Issue |
|
Rs. 4.200 Millions |
|
|
TOTAL |
|
Rs. 15.200 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 |
|
15.200 |
11.000 |
|
(b) Reserves & Surplus |
|
124.478 |
91.407 |
|
(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) |
|
139.678 |
102.407 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
98.778 |
74.096 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
9.886 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
2.259 |
3.168 |
|
Total Non-current
Liabilities (3) |
|
101.037 |
87.150 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
0.000 |
0.000 |
|
(b) Trade
payables |
|
125.410 |
116.531 |
|
(c) Other
current liabilities |
|
11.728 |
0.000 |
|
(d) Short-term
provisions |
|
17.250 |
19.993 |
|
Total Current
Liabilities (4) |
|
154.388 |
136.524 |
|
|
|
|
|
|
TOTAL |
|
395.103 |
326.081 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
83.323 |
83.818 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
3.729 |
3.226 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
19.096 |
9.630 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
106.148 |
96.674 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
120.613 |
82.655 |
|
(c) Trade
receivables |
|
121.082 |
103.553 |
|
(d) Cash
and cash equivalents |
|
0.000 |
0.138 |
|
(e)
Short-term loans and advances |
|
22.808 |
17.823 |
|
(f) Other
current assets |
|
24.452 |
25.238 |
|
Total
Current Assets |
|
288.955 |
229.407 |
|
|
|
|
|
|
TOTAL |
|
395.103 |
326.081 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
11.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
74.484 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
85.484 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
54.079 |
|
|
2] Unsecured Loans |
|
|
16.103 |
|
|
TOTAL BORROWING |
|
|
70.182 |
|
|
DEFERRED TAX LIABILITIES |
|
|
8.658 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
164.324 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
66.903 |
|
|
Capital work-in-progress |
|
|
9.760 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
3.070 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
81.098 |
|
|
Sundry Debtors |
|
|
83.401 |
|
|
Cash & Bank Balances |
|
|
3.716 |
|
|
Other Current Assets |
|
|
35.084 |
|
|
Loans & Advances |
|
|
22.161 |
|
Total
Current Assets |
|
|
225.460 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
123.036 |
|
|
Other Current Liabilities |
|
|
5.302 |
|
|
Provisions |
|
|
12.742 |
|
Total
Current Liabilities |
|
|
141.080 |
|
|
Net Current Assets |
|
|
84.380 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.211 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
164.324 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
680.267 |
529.900 |
494.134 |
|
|
|
Other Income |
16.328 |
15.897 |
11.476 |
|
|
|
TOTAL (A) |
696.595 |
545.797 |
505.610 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
504.941 |
381.200 |
|
|
|
|
Employees Costs |
67.187 |
65.052 |
|
|
|
|
Other Expenses |
71.017 |
62.451 |
|
|
|
|
TOTAL (B) |
643.145 |
508.703 |
473.409 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
53.450 |
37.094 |
32.201 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
16.202 |
7.914 |
7.081 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
37.248 |
29.180 |
25.120 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.024 |
3.780 |
3.127 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
33.224 |
25.400 |
21.993 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
10.039 |
8.478 |
7.587 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
23.185 |
16.922 |
14.406 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
88.554 |
71.632 |
57.226 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
111.739 |
88.554 |
71.632 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
51.402 |
33.908 |
|
|
TOTAL IMPORTS |
NA |
51.402 |
33.908 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
15.64 |
15.38 |
13.10 |
|
%20LIMITED%20-%20229823%2029-Jul-2013_files/image001.gif){kind=small}
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
780.000 |
|
|
|
|
|
Expected Sales (2013-2014) : Rs. 850.000 Millions
The above information has been parted by Mr. S R Murthy.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.33
|
3.10 |
2.85 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.88
|
4.79 |
4.45 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.49
|
7.87 |
7.52 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24
|
0.25 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.71
|
0.72 |
0.82 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.87
|
1.68 |
1.60 |
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 |
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 |
|
|
|
Unsecured Loan Of the above aggregate amount of has been guaranteed by directors /
others |
17.336 |
17.283 |
|
|
|
|
|
TOTAL |
17.336 |
17.283 |
VIEW INDEX OF CHARGES
|
S.
No. |
Charge
ID |
Date
of Charge Creation /Modification |
Charge
amount secured |
Charge
Holder |
Address
|
Service
Request Number (SRN) |
|
1 |
10366304
|
23/07/2012
|
7,500,000.00
|
UNION
BANK OF INDIA |
MUMBAI SAMACHAR MARG BRANCH,
66/80, MUMBAI SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
B44083780
|
|
2 |
10097493
|
24/03/2008
|
5,000,000.00
|
UNION
BANK OF INDIA |
MUMBAI SAMACHAR MARG BRANCH, 66/80,
MUMBAI SAMAC |
A36090165
|
|
3 |
10029742
|
08/11/2006
|
1,100,000.00
|
UNION
BANK OF INDIA |
MUMBAI SAMACHAR MARG BRANCH,
66/80, MUMBAI SAMAC |
A07758295
|
|
4 |
10025091
|
08/02/2013
* |
65,000,000.00
|
UNION
BANK OF INDIA |
MUMBAI SAMACHAR MARG BRANCH, 66/80,MUMBAI SAMACHAR MARG,
FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
B68590074
|
|
5 |
80015863
|
13/02/2013
* |
136,000,000.00
|
UNION
BANK OF INDIA |
MUMBAI SAMACHAR MARG BRANCH,
66/80, MUMBAI SAMAC |
B69544815
|
|
6 |
80015861
|
05/09/2007
* |
10,000,000.00
|
UNION
BANK OF INDIA |
MUMBAI SAMACHAR MARG BRANCH,
66/80, MUMBAI SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
A25950932
|
|
7 |
80015864
|
25/09/2002
|
1,000,000.00
|
UNION
BANK OF INDIA |
FORT, MUMBAI, MAHARASHTRA -
400023, INDIA |
- |
|
8 |
80037823
|
08/02/2013
* |
15,000,000.00
|
UNION
BANK OF INDIA |
MUMBAI SAMACHAR MARG BRANCH,
66/80,MUMBAI SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
B68590843
|
|
9 |
80015860
|
08/02/2013
* |
136,000,000.00
|
UNION
BANK OF INDIA |
MUMBAI SAMACHAR MARG BRANCH, 66/80,MUMBAI SAMACHAR MARG,
FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
B68588508
|
|
10 |
80015859
|
08/02/2013
* |
45,000,000.00
|
UNION
BANK OF INDIA |
MUMBAI SAMACHAR MARG BRANCH, 66/80,MUMBAI SAMACHAR MARG,
FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
B68591544
|
|
11 |
80015865 |
27/07/1996 |
3,000,000.00 |
UNION BANK OF INDIA |
FORT, MUMBAI, MAHARASHTRA -
400023, INDIA |
- |
|
* Date of charge modification |
||||||
FIXED ASSETS
- Furniture and Fixture
- Land
- Building
- Borewell
- Plant and machinery
- Computer
- Office Equipment
- Vehicles
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. 58.91 |
|
|
1 |
Rs. 90.67 |
|
Euro |
1 |
Rs. 78.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
DPT |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
47 |
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.