|
Report Date : |
24.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
RIM JHIM ISPAT LIMITED |
|
|
|
|
Formerly Known
As : |
VANDHNA CASTINGS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
123/ 360, Fazal Ganj, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
14.01.1991 |
|
|
|
|
Com. Reg. No.: |
20-12679 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.78.260 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27101UP1991PLC012679 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
KNPR00168A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACR6582K |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Company |
|
|
|
|
Line of Business
: |
Manufacturer, Importer and Exporter of Stainless Steel Wire, Wire Rods, Channels, Angles etc. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 6100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having a satisfactory track record.
Financially company seems to be good. Trade relations are reported to be
fair. Business sis 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.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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.
LOCATIONS
|
Registered/ Head Office : |
123/ 360, Fazal Ganj, Kanpur – 208012, Uttar Pradesh,
India |
|
Tel. No.: |
91-512-2240980/ 81/ 82/ 83/ 84/ 85 |
|
Mobile No.: |
91-9826030197 (Mr. Arvider Chadha) |
|
Fax No.: |
91-512-2295035/ 2545755 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
800 acres |
|
Location : |
Owned |
|
|
|
|
Corporate Office: |
AP-6, Shalimar Bagh, New Delhi – 110088, India |
|
Tel. No.: |
91-11-27476877-78 |
|
Area : |
500 Sq. ft |
|
E-Mail : |
|
|
|
|
|
Factory 1 : |
B-22-23, Industrial Area, Sumerpur (Hamirpur), Uttar Pradesh, India |
|
Tel. No.: |
91-5282-43460/231617 |
|
Fax No.: |
91-5282-43403 |
|
Area : |
1.5 acres |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
Industrial Area, Sumerpur (U.P.), 123/ 535, U. P. Rolling Mill
Compound, Fazal Ganj, Kanpur – 208012, Uttar Pradesh, India |
|
Area : |
6500 Sq. ft |
|
|
|
|
Branches : |
Located at: ·
·
·
·
·
Mumbai |
|
|
|
|
Overseas Office : |
Located at: ·
|
DIRECTORS
(AS ON 26.09.2012)
|
Name : |
Mr. Yogesh Kumar Agarwal |
|
Designation : |
Managing Director |
|
Address : |
123 / 360, Fazal Ganj, Kanpur – 208 012, Uttar Pradesh India |
|
Date of Birth/Age : |
29.10.1965 |
|
Date of Appointment : |
18.12.2010 |
|
DIN No. : |
01023574 |
|
|
|
|
Name : |
Mr. Chetan Prakash Arya |
|
Designation : |
Whole-time Director |
|
Address : |
503, Anand Vatika Apartment, 8/10, Arya Nagar, |
|
Date of Birth/Age : |
01.03.1960 |
|
Date of Appointment : |
05.07.2005 |
|
DIN No. : |
01024875 |
|
|
|
|
Name : |
Mr. Sanjeev Kumar Agarwal |
|
Designation : |
Whole-time Director |
|
Address : |
B-22-23 Industrial Area, Bharwa Sumerpur, Hamirpur – 210510, Uttar
Pradesh, India |
|
Date of Birth/Age : |
01.11.1970 |
|
Date of Appointment : |
01.10.1994 |
|
DIN No. : |
01026156 |
|
|
|
|
Name : |
Mr. Rajeev Kumar Goel |
|
Designation : |
Director |
|
Address : |
117/H -1/19 Pandu Nagar, |
|
Date of Birth/Age : |
20.06.1960 |
|
Date of Appointment : |
15.03.2005 |
|
DIN No. : |
01684484 |
|
|
|
|
Name : |
Mr. Krishan Kumar Garg |
|
Designation : |
Additional Director |
|
Address : |
230, Durgabadi, Meerut, India |
|
Date of Appointment : |
21.01.2012 |
|
DIN No. : |
05187730 |
|
|
|
|
Name : |
Mr. Pawan Bansal |
|
Designation : |
Additional Director |
|
Address : |
518, Malaudi-2, Muzaffarnagar, India |
|
Date of Appointment : |
21.01.2012 |
|
DIN No. : |
05187741 |
|
|
|
|
Name : |
Mr. Sumit Goel |
|
Designation : |
Additional Director |
|
Date of Birth/Age : |
Kaushalpuri, Hardoi- 241001, Uttar Pradesh, India |
|
Date of Appointment : |
21.01.2012 |
|
DIN No. : |
05229653 |
KEY EXECUTIVES
|
Name : |
Ms. Pallavi Agarwal |
|
Designation : |
Company Secretary |
|
Address : |
128-63, Virai Nagar, Kidwai Nagar, |
|
Date of Birth/Age : |
27.11.1981 |
|
Date of Appointment : |
01.12.2009 |
|
Pan No. : |
AKGPA5140H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 26.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Mitra Sen Agarwal HUF |
|
53000 |
|
Rukmani Devi |
|
25780 |
|
Mitra Sen Agarwal |
|
300000 |
|
Kshitiz Agarwal |
|
221020 |
|
Anuj Bansal |
|
75000 |
|
Chetan Prakash Arya |
|
524800 |
|
Chetan Prakash Arya HUF |
|
122500 |
|
Jagesh Agarwal |
|
27500 |
|
Nand Kishore Agarwal |
|
53600 |
|
Nishi Agarwal |
|
135500 |
|
Sanjeev Kumar Agarwal |
|
10000 |
|
Sanjeev Kumar Agarwal HUF |
|
200000 |
|
Rajeev Kumar Goel HUF |
|
275700 |
|
Rajeev Kumar Goel |
|
621100 |
|
Rajeev Kumar Gole And Sons HUF |
|
12500 |
|
J. C. Goel |
|
40000 |
|
Kavita Goel |
|
1200 |
|
Meenakshi Agarwal |
|
50700 |
|
Mukesh Kumar Agarwal And Sons HUF |
|
37500 |
|
Mukesh Kumar Agarwal |
|
667600 |
|
Yogesh Agarwal |
|
354550 |
|
Heema Agarwal |
|
401250 |
|
Praveen Kumar Agarwal |
|
159050 |
|
Praveen Kumar Agarwal and Sons HUF |
|
307750 |
|
Preeti Agarwal |
|
181000 |
|
Navin Kumar Tayal |
|
317400 |
|
Raghubar Dayal HUF |
|
40550 |
|
Raghubar Dayal |
|
96000 |
|
Nalini Tayal |
|
2450 |
|
Pradeep Kumar Tayal |
|
74000 |
|
Pradeep Kumar Tayal and Sons HUF |
|
9500 |
|
Vandana Steels Private Limited |
|
143000 |
|
Juhi Alloys Limited |
|
148500 |
|
Divya Ferro Private Limited |
|
2136000 |
|
|
|
|
|
Total |
|
7826000 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
31.02 |
|
Directors or relatives of directors |
|
68.98 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Importer and Exporter of Stainless Steel Wire, Wire Rods, Channels, Angles etc. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
· Punjab National Bank Mall Road Branch, Mall Road, Kanpur – 208 001, Uttar Pradesh, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Vikas Om and Associates Chartered Accountants |
|
Address : |
104 A/ 181 – B, Rambagh, Kanpur – 208012, Uttar Pradesh, India |
|
Tel. No.: |
91-512-3072879/ 3020882 |
|
Mobile No.: |
91-9839075244 |
CAPITAL STRUCTURE
(AS ON 26.09.2012)
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 |
|
|
|
|
|
|
7826000 |
Equity Shares |
Rs.10/- each
|
Rs.78.260
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 |
|
78.260 |
78.260 |
|
(b) Reserves & Surplus |
|
1447.037 |
1241.367 |
|
(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) |
|
1525.297 |
1319.627 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
707.562 |
893.168 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
707.562 |
893.168 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
1249.867 |
1198.189 |
|
(b)
Trade payables |
|
226.089 |
218.978 |
|
(c)
Other current liabilities |
|
21.303 |
44.759 |
|
(d) Short-term
provisions |
|
120.399 |
72.127 |
|
Total Current
Liabilities (4) |
|
1617.658 |
1534.053 |
|
|
|
|
|
|
TOTAL |
|
3850.517 |
3746.848 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
1508.705 |
1517.973 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
7.009 |
7.009 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
1515.714 |
1524.982 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
916.448 |
1086.388 |
|
(c)
Trade receivables |
|
1127.248 |
913.560 |
|
(d) Cash
and cash equivalents |
|
4.769 |
4.617 |
|
(e)
Short-term loans and advances |
|
286.294 |
217.234 |
|
(f)
Other current assets |
|
0.044 |
0.067 |
|
Total
Current Assets |
|
2334.803 |
2221.866 |
|
|
|
|
|
|
TOTAL |
|
3850.517 |
3746.848 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
78.260 |
|
|
2] Share Application Money |
|
|
0.725 |
|
|
3] Reserves & Surplus |
|
|
1036.770 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1115.755 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
2125.079 |
|
|
2] Unsecured Loans |
|
|
122.211 |
|
|
TOTAL BORROWING |
|
|
2247.290 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
3363.045 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1507.545 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
12.278 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
992.481
|
|
|
Sundry Debtors |
|
|
909.255
|
|
|
Cash & Bank Balances |
|
|
23.962
|
|
|
Other Current Assets |
|
|
198.873
|
|
|
Loans & Advances |
|
|
59.079
|
|
Total
Current Assets |
|
|
2183.650 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
190.405
|
|
|
Other Current Liabilities |
|
|
124.425
|
|
|
Provisions |
|
|
25.685
|
|
Total
Current Liabilities |
|
|
340.515
|
|
|
Net Current Assets |
|
|
1843.135
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.087 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
3363.045 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
7852.770 |
7815.715 |
6255.732 |
|
|
|
Other Income |
16.478 |
9.388 |
16.908 |
|
|
|
TOTAL (A) |
7869.248 |
7825.103 |
6272.640 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
4883.283 |
5744.923 |
3604.252 |
|
|
|
Purchases of stock-in-trade |
424.714 |
0.000 |
0.000 |
|
|
|
Changes in inventories
of finished goods, work-in-progress and stock-in-trade |
252.967 |
(229.231) |
(44.192) |
|
|
|
Employee Benefit Expense |
12.898 |
9.561 |
|
|
|
|
Other Expenses |
1553.634 |
1620.878 |
1943.600 |
|
|
|
TOTAL (B) |
7127.496 |
7146.131 |
5503.660 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
741.752 |
678.972 |
768.980 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
267.123 |
248.936 |
198.258 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
474.629 |
430.036 |
570.722 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
215.239 |
178.997 |
344.024 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
259.390 |
251.039 |
226.698 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
53.721 |
46.442 |
25.685 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
205.669 |
204.597 |
201.013 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
985.027 |
780.430 |
579.417 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1190.696 |
985.027 |
780.431 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
328.162 |
313.207 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
26.28 |
26.14 |
25.69 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.61
|
2.61 |
3.20
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.30
|
3.21 |
3.62
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.75
|
6.71 |
6.14
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.19 |
0.20
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.28
|
1.58 |
2.01
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.44
|
1.45 |
6.41
|
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
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] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if
available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOANS
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
|
|
|
|
Other Loans and Advance |
122.936 |
122.936 |
|
|
|
|
|
Total |
122.936 |
122.936 |
FORM 8
|
This form is for |
Creation of
charge |
|
Charge
identification number of the modified |
|
|
Corporate
identity number of the company |
U27101UP1991PLC012679 |
|
Name of the
company |
RIM JHIM ISPAT
LIMTED |
|
Address of the registered
office or of the principal place of
business in |
123/360, Fazal
Ganj, Kanpur – 208012, Uttar Pradesh, India |
|
Type of charge |
Immovable property Book Debts Movable Property Floating Charge Others: Agreement of Guarantee |
|
Particular of
charge holder |
Punjab National
Bank Mall Road Branch,
Kanpur – 208001, Uttar Pradesh, India |
|
Nature of
description of the instrument creating or modifying the charge |
1.Hypothecation
of Current Assets 2.Hypothecation
of Goods and Book Debts to secure cash credit
3. Hypothecation
of movable Assets forming part of Fixed/Block Assets. 4. Agreement of
Guarantee by Shri Yogesh Kumar Agarwal, Mr. Chetan Prakash Arya, Rajeev Kumar
Goel and Mr. Sanjeev Kumar Agarwal 5. Draft letter
of Continuity. |
|
Date of
instrument Creating the charge |
23/05/2013 |
|
Amount secured by
the charge |
Rs.100.000
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest As per Sanction
terms. Terms of
Repayment As per Sanction
terms. Margin 25% on Stocks 35% on Book Debts Extent and
Operation of the charge TL Facility Existing TL Fresh TL (In Rs Millions) PNB 500.000 250.000 Allahabad
Bank 470.000 NA Central Bank NA 150.000 TOTAL 1370.000 WC FACILITY Fund Based Non Fund Based Ceiling (In Rs Millions) PNB 1100.000 750.000 1700.000 Allahabad Bank
250.000 150.000 400.000 Central Bank 250.000 300.000 500.000 TOTAL 1600.000 1200.000 2600.000 Others Co immovable
properties with land and all the buildings and structures thereon are
mortgaged by way of first pari passu charge in favour of Punjab National Bank
Consortium to cover the Term Loan facilities as indicated above and by way of
Second pari passu charge in favour of Punjab National Bank Consortium to
cover the Working capital facilities as indicated above. |
|
Short particulars
of the property charged |
Title deed of Plot
No B-22, B-23 situated at UPSIDC Industrial Area Sumerpur District Hamirpur Title deed of
Plot No 24, 25 and Plot No B-20 situated at UPSIDC Industrial Area Sumerpur
District Hamirpur with Land and Factory Building Together with all
the building and structures thereon, fixtures, fitting and all plant and
machinery. |
FIXED ASSETS:
·
Land
·
Building
·
Factory Building
·
Plant and Equipment
·
Factory Equipments
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
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.59.35 |
|
|
1 |
Rs.92.11 |
|
Euro |
1 |
Rs.78.59 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
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 |
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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.