MIRA INFORM REPORT
|
Report Date : |
27.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
WESTERN METAL INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
251/1A and B, Hadapsar Industrial Estate, Hadapsar, Pune-411013,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
19.04.2007 |
|
|
|
|
Com. Reg. No.: |
11-130011 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 66.600 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27200PN2007PTC130011 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACW7017L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporters of Aluminium Circles, Aluminium
Sheets, Aluminium Strips, Aluminium Slugs, Aluminium Slugs, Circle etc. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 600000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
There appears some dip in the profitability of the company during current
year. However, trade relations are reported as fair. Business is active.
Payments are reported to be slow but correct. 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 |
A3 (Letter of Credit) |
|
Rating Explanation |
Moderate degree of safety. It carry higher credit risk. |
|
Date |
04.01.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
BBB- (Term Loan) |
|
Rating Explanation |
Moderate degree of safety. It carry low credit risk. |
|
Date |
04.01.2013 |
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.
LOCATIONS
|
Registered Office / Factory : |
251/1A and B, Hadapsar Industrial Estate, Hadapsar, Pune-411013,
Maharashtra, India |
|
Tel. No.: |
91-20-26870164 / 26875054 |
|
Fax No.: |
91-20-26870464 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Anujkumar Chandravadan Gandhi |
|
Designation : |
Managing Director |
|
Address : |
S No.586/A/B, Pitale Nagar, Salisbury Park, Pune-411037, Maharashtra,
India |
|
Date of Birth/Age : |
13.01.1954 |
|
Date of Appointment : |
19.04.2007 |
|
DIN No.: |
01418350 |
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 |
U31909MH1994PTC082704 |
ANUDEEP
ALU-CAST PRIVATE LIMITED |
Director |
14-11-94 |
14-11-94 |
Active |
NO |
|
2 |
U27200PN2007PTC130011 |
WESTERN
METAL INDUSTRIES PRIVATE LIMITED |
Managing
director |
01-04-08 |
19-04-07 |
Active |
NO |
|
Name : |
Mr. Chintan Arvind Shah |
|
Designation : |
Whole Time Director |
|
Address : |
A, 1102, Panchashil Height, Panchashil Enclave, Mahavir Enclave,
Mahavir Nagar, Kandivali, Mumbai-400067, Maharashtra, India |
|
Date of Birth/Age : |
05.12.1973 |
|
Date of Appointment : |
19.04.2007 |
|
DIN No.: |
01418405 |
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 |
U27200PN2007PTC130011 |
WESTERN
METAL INDUSTRIES PRIVATE LIMITED |
Whole-time
director |
01-04-08 |
19-04-07 |
Active |
NO |
|
Name : |
Mr. Rakesh Sureshchandra Shah |
|
Designation : |
Whole Time Director |
|
Address : |
272, Rasta Peth, Flat No.6, 3rd Floor, Pune-411011,
Maharashtra, India |
|
Date of Birth/Age : |
04.01.1966 |
|
Date of Appointment : |
19.04.2007 |
|
DIN No.: |
01621767 |
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 |
U67120MH1994PTC083772 |
SHOBHA
SECURITIES PRIVATE LIMITED |
Director |
15-12-94 |
15-12-94 |
Active |
|
|
2 |
U27200PN2007PTC130011 |
WESTERN METAL
INDUSTRIES PRIVATE LIMITED |
Whole-time
director |
01-04-08 |
19-04-07 |
Active |
NO |
|
Name : |
Mr. Hemen Kaushik Shah |
|
Designation : |
Whole Time Director |
|
Address : |
109/3, Mangal Bhuvan, C P Tank, Mumbai-400004, Maharashtra, India |
|
Date of Birth/Age : |
27.02.1972 |
|
Date of Appointment : |
19.04.2007 |
|
DIN No.: |
01682457 |
|
|
|
|
Name : |
Mr. Prashant Champaklal Shah |
|
Designation : |
Director |
|
Address : |
Flat No.413, City Park Housing Society, Pitale Nagar, Behind Hotel
Trupati Market Yard, Pune-411037, Maharashtra, India |
|
Date of Birth/Age : |
15.07.1975 |
|
Date of Appointment : |
19.04.2007 |
|
DIN No.: |
02117502 |
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 |
U27200PN2007PTC130011 |
WESTERN
METAL INDUSTRIES PRIVATE LIMITED |
Whole-time
director |
01-04-08 |
19-04-07 |
Active |
NO |
|
2 |
U74900PN2008PTC132945 |
APPROPRIATE
ENERGY SERVICES PRIVATE LIMITED |
Director |
20-10-08 |
20-10-08 |
Strike
off |
NO |
|
Name : |
Mr. Vipul Vasantlal Shah |
|
Designation : |
Director |
|
Address : |
Y, 1102, Sacred Heart Town, Plot No.75/2/2-B, Wanowadi, Pune-411040,
Maharashtra, India |
|
Date of Birth/Age : |
20.11.1964 |
|
Date of Appointment : |
28.03.2008 |
|
DIN No.: |
02125616 |
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 |
U67120MH2000PTC127069 |
PEARLS
FINSTOCK PRIVATE LIMITED |
Managing
director |
01-04-02 |
01-04-02 |
11-02-11 |
Active |
NO |
|
2 |
U27200PN2007PTC130011 |
WESTERN
METAL INDUSTRIES PRIVATE LIMITED |
Director |
10-10-08 |
28-03-08 |
- |
Active |
NO |
|
Name : |
Mr. Vasantlal Chimanlal Shah |
|
Designation : |
Director |
|
Address : |
Y, 1102, Sacred Heart Town, Plot No.75/2/2-B, Wanowadi, Pune-411040,
Maharashtra, India |
|
Date of Birth/Age : |
21.01.1940 |
|
Date of Appointment : |
19.04.2007 |
|
DIN No.: |
02276775 |
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 |
U27200PN2007PTC130011 |
WESTERN
METAL INDUSTRIES PRIVATE LIMITED |
Whole-time
director |
01-04-08 |
19-04-07 |
Active |
NO |
|
Name : |
Mr. Chandravadan Vrijlal Gandhi |
|
Designation : |
Whole Time Director |
|
Address : |
Renuj 586/1, Pitle Nagar, Near City Park, Behind Market Yard, Godown,
Pune-411037, Maharashtra, India |
|
Date of Birth/Age : |
28.10.1928 |
|
Date of Appointment : |
19.04.2007 |
|
DIN No.: |
02279445 |
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 |
U27200PN2007PTC130011 |
WESTERN
METAL INDUSTRIES PRIVATE LIMITED |
Whole-time
director |
01-04-08 |
19-04-07 |
Active |
NO |
|
Name : |
Mr. Jitmanyu Anuj Gandhi |
|
Designation : |
Director |
|
Address : |
S No.586/A/B, Pitale Nagar, Salisbury Park, Pune-411037, Maharashtra,
India |
|
Date of Birth/Age : |
28.01.1979 |
|
Date of Appointment : |
01.06.2010 |
|
DIN No.: |
03071950 |
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 |
U27200PN2007PTC130011 |
WESTERN
METAL INDUSTRIES PRIVATE LIMITED |
Director |
13-09-10 |
01-06-10 |
Active |
NO |
|
Name : |
Ms. Avani Nitul Parikh |
|
Designation : |
Director |
|
Address : |
12, TulsiGoulmohar, SBI Society, chkuwadi, Shimpoli, Borivali (West),
Mumbai-400092, Maharashtra, India |
|
Date of Birth/Age : |
21.07.1978 |
|
Date of Appointment : |
02.09.2011 |
|
DIN No.: |
03607086 |
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 |
U27200PN2007PTC130011 |
WESTERN
METAL INDUSTRIES PRIVATE LIMITED |
Director |
29-09-12 |
02-09-11 |
Active |
NO |
|
Name : |
Ms Alpa Nirav Sangani |
|
Designation : |
Director |
|
Address : |
A/704, Raj Vaibhav Krupa CHS Limited, Mahavir Nagar, Kandivali (West),
Mumbai-400067, Maharashtra, India |
|
Date of Birth/Age : |
29.06.1982 |
|
Date of Appointment : |
28.09.2011 |
|
DIN No.: |
03632347 |
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 |
U27200PN2007PTC130011 |
WESTERN
METAL INDUSTRIES PRIVATE LIMITED |
Director |
29-09-12 |
28-09-11 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Chandravandan V.
Gandhi Karta of Chandravadan V. Gandhi (HUF) |
1098000 |
|
Vasantlal C.
Shah Karta of Vasantlal Chimanlal Shah (HUF) |
669600 |
|
Prashant
Champaklal Shah Karta of Champaklal Mohanlal Shah (HUF) |
237600 |
|
Hemen K. Shah
Karta of Hemen K Shah HUF |
244800 |
|
Anuj Chandravadan Gandhi |
900000 |
|
Sureshchandra V. Shah |
243000 |
|
Chintan A. Shah
Karta of Arvindkumar Mohanlal Shah HUF |
812250 |
|
Krushna Champaklal Shah |
392400 |
|
Vipul Vasantlal Shah |
59400 |
|
Hemen Kaushik Shah |
296316 |
|
Kokilaben V. Shah |
90000 |
|
Veenaben S. Shah |
90000 |
|
Prashant C. Shah |
360000 |
|
Pinky P. Shah |
92250 |
|
Renuka A. Shah |
180000 |
|
Chintan A. Shah |
90000 |
|
Vasantlal C. Shah |
263250 |
|
Alpa Nirav
Sangani J/W Avani Nitul Parikh |
541134 |
|
TOTAL
|
6660000 |
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 Exporters of Aluminium Circles, Aluminium
Sheets, Aluminium Strips, Aluminium Slugs, Aluminium Slugs, circle etc. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
RMR Shah and Company Chartered Accountant |
|
Address : |
Shop No.308/309, F Wing, Mega Centre, Hadapsar, Pune-411028,
Maharashtra, India |
|
PAN No.: |
AAJFR0709G |
|
|
|
|
Associates : |
|
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
Rs.10/- each |
Rs. 80.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6660000 |
Equity Shares |
Rs.10/- each |
Rs. 66.600
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 |
|
66.600 |
66.600 |
|
(b) Reserves & Surplus |
|
85.138 |
66.276 |
|
(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) |
|
151.738 |
132.876 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
132.978 |
91.524 |
|
(b) Deferred tax liabilities (Net) |
|
3.382 |
4.256 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
136.360 |
95.780 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
96.224 |
59.802 |
|
(b) Trade payables |
|
49.290 |
70.707 |
|
(c) Other current
liabilities |
|
18.723 |
14.416 |
|
(d) Short-term
provisions |
|
3.883 |
6.260 |
|
Total Current
Liabilities (4) |
|
168.120 |
151.185 |
|
|
|
|
|
|
TOTAL |
|
456.218 |
379.841 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
154.154 |
148.126 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
28.489 |
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 |
|
0.000 |
0.000 |
|
(e) Other
Non-current assets |
|
29.896 |
7.387 |
|
Total Non-Current
Assets |
|
212.539 |
155.513 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
6.720 |
11.259 |
|
(b) Inventories |
|
32.551 |
41.709 |
|
(c) Trade receivables |
|
161.468 |
124.070 |
|
(d) Cash and cash
equivalents |
|
11.187 |
20.700 |
|
(e) Short-term loans
and advances |
|
25.957 |
23.025 |
|
(f) Other current
assets |
|
5.796 |
3.565 |
|
Total Current Assets |
|
243.679 |
224.328 |
|
|
|
|
|
|
TOTAL |
|
456.218 |
379.841 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
66.600 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
23.992 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
90.592 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
69.536 |
|
|
2] Unsecured Loans |
|
|
30.908 |
|
|
TOTAL BORROWING |
|
|
100.444 |
|
|
DEFERRED TAX LIABILITIES |
|
|
1.637 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
192.673 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
62.357 |
|
|
Capital work-in-progress |
|
|
17.698 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
7.465 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
10.151 |
|
|
Sundry Debtors |
|
|
100.819 |
|
|
Cash & Bank Balances |
|
|
1.672 |
|
|
Other Current Assets |
|
|
15.981 |
|
|
Loans & Advances |
|
|
36.721 |
|
Total
Current Assets |
|
|
165.344 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
13.923 |
|
|
Other Current Liabilities |
|
|
31.550 |
|
|
Provisions |
|
|
15.099 |
|
Total
Current Liabilities |
|
|
60.572 |
|
|
Net Current Assets |
|
|
104.772 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.381 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
192.673 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1207.172 |
980.157 |
563.537 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
1207.172 |
980.157 |
563.537 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
1118.079 |
880.150 |
498.343 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
89.093 |
100.007 |
65.194 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
30.244 |
19.329 |
13.102 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
58.849 |
80.678 |
52.092 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
25.050 |
11.452 |
10.003 |
|
|
|
|
|
|
|
|
|
|
Prior Period
Adjustments |
0.000 |
0.000 |
0.083 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
33.799 |
69.226 |
42.172 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
11.010 |
23.058 |
15.072 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
22.789 |
46.168 |
27.100 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
28.830 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Bonus Shares |
NA |
NA |
29.600 |
|
|
|
Proposed Dividend |
NA |
NA |
1.998 |
|
|
|
Tax on Proposed Dividend |
NA |
NA |
0.340 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
23.992 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.42 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.89
|
4.71 |
4.81 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.90
|
18.22 |
18.52 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22
|
0.52 |
0.47 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.51
|
1.14 |
1.11 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.45
|
1.48 |
2.73 |
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 |
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 |
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 |
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 |
|
|
|
Others |
|
|
|
Loans from Related Parties |
74.348 |
65.608 |
|
|
|
|
|
TOTAL |
74.348 |
65.608 |
FIXED ASSETS
- Land
- Building
- Plant and Machinery
- Computers
- Furniture and Fixtures
- Vehicles
- Office Equipment
- Electric Fitting and Fixture
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 54.85 |
|
|
1 |
Rs. 92.30 |
|
Euro |
1 |
Rs. 78.22 |
INFORMATION DETAILS
|
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 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.