MIRA
INFORM REPORT
|
Report Date : |
07.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
SR BREWERIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
S-3/53, Phase II, New Industrial Estate, Jagatpur, Cuttack-754021,
Orissa |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
27.07.2009 |
|
|
|
|
Com. Reg. No.: |
15-010986 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 300.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15500OR2009PTC010986 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BBNS03828G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AANCS2800E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Beer. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1100000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Even though the company was incorporated on 27th July 2009,
the company has started its operation in November 2011. Company has achieved decent turnover in its first year of operation
but has incurred loss from its working. Ratting also takes into consideration delay in debt serving by the
company on account of stretched receivable positions. Trade relations are improving. Business is active. Payment terms are
slow but correct. The company can be considered for business dealing 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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International Finance
Corporation expects to come out with its rupee linked bonds issue before the
end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone 5c (Rs
41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been launched
in
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act replaces
a 119 year old registration. The Securities and Exchange Board of India has
approved the trading of currency futures on the Bombay Stock Exchange. The
exchange plans to launch the currency futures platform with advanced trading
technology by the end of November.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
D (Term Loans) |
|
Rating Explanation |
Lowest credit quality and very low prospects of recovery |
|
Date |
October 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 : |
S-3/53, Phase II, New Industrial Estate, Jagatpur, Cuttack-754021, |
|
Tel. No.: |
91-671-2490797 / 2491777 |
|
Fax No.: |
91-671-2490666 |
|
E-Mail : |
|
|
|
|
|
Factory : |
A1-Boropada, Po Gurudognon, Via Kotosahi, |
DIRECTORS
AS ON 05.09.2012
|
Name : |
Mr. Ranjan Kumar Padhi |
|
Designation : |
Managing Director |
|
Address : |
S-3/53, Phase II, New Industrial Estate, Jagatpur, Cuttack-754021, |
|
Date of Birth/Age : |
02.05.1967 |
|
Date of Appointment : |
27.07.2009 |
|
DIN No.: |
02684274 |
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 |
U15500OR2009PTC010986 |
SR BREWERIES
PRIVATE LIMITED |
Managing
director |
27/07/2009 |
27/07/2009 |
Active |
NO |
|
2 |
U15532OR2010PTC011708 |
SR DISTILLERY
PRIVATE LIMITED |
Managing
director |
09/03/2010 |
09/03/2010 |
Active |
NO |
|
3 |
U74140WB2005PTC103727 |
SALONA CONSULTANTS
PRIVATE LIMITED |
Director |
10/08/2010 |
10/08/2010 |
Active |
NO |
|
4 |
U51101WB2009PTC132667 |
SURAKSHIT AGENCY
PRIVATE LIMITED |
Director |
01/03/2011 |
01/03/2011 |
Active |
NO |
|
5 |
U51909WB2009PTC133126 |
RELAX DEALER
PRIVATE LIMITED |
Director |
01/03/2011 |
01/03/2011 |
Active |
NO |
|
6 |
U15530OR2011PTC013551 |
SR ALCOBEV
PRIVATE LIMITED |
Managing
director |
02/05/2011 |
02/05/2011 |
Active |
NO |
|
7 |
U55101DL2011PTC212196 |
WINGS
HOSPITALITY PRIVATE LIMITED |
Director |
02/01/2012 |
02/01/2012 |
Active |
NO |
|
8 |
U51909WB2009PTC133016 |
NAINA DEVI
SUPPLIERS PRIVATE LIMITED |
Director |
16/01/2012 |
16/01/2012 |
Active |
NO |
|
9 |
U15549OR2012PTC015975 |
SR BREWTECH
PRIVATE LIMITED |
Managing
director |
17/09/2012 |
17/09/2012 |
Active |
NO |
|
10 |
U40300OR2013PTC016432 |
SR VAPORS
PRIVATE LIMITED |
Managing
director |
08/01/2013 |
08/01/2013 |
Active |
NO |
|
11 |
U51410OR2013PTC016751 |
SR LIQUORS
PRIVATE LIMITED |
Managing
director |
19/04/2013 |
19/04/2013 |
Active |
NO |
|
12 |
U15122WB2010PLC143893 |
GOLD BREWERIES
COMPANY LIMITED |
Additional
director |
01/05/2013 |
01/05/2013 |
Active |
NO |
|
13 |
U74999WB2010PTC154338 |
CHANDRA GHANTA
IRON AND STEEL TRADERS PRIVATE LIMITED |
Director |
20/06/2013 |
20/06/2013 |
Active |
NO |
|
Name : |
Ms. Saina Sarat Kar |
|
Designation : |
Director |
|
Address : |
3G, |
|
Date of Birth/Age : |
02.07.1973 |
|
Date of Appointment : |
27.07.2009 |
|
DIN No.: |
02684330 |
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 |
U15500OR2009PTC010986 |
SR BREWERIES
PRIVATE LIMITED |
Director |
27/07/2009 |
27/07/2009 |
Active |
NO |
|
2 |
U15532OR2010PTC011708 |
SR DISTILLERY
PRIVATE LIMITED |
Director |
09/03/2010 |
09/03/2010 |
Active |
NO |
|
3 |
U74140WB2005PTC103727 |
SALONA
CONSULTANTS PRIVATE LIMITED |
Director |
10/08/2010 |
10/08/2010 |
Active |
NO |
|
4 |
U51101WB2009PTC132667 |
SURAKSHIT AGENCY
PRIVATE LIMITED |
Director |
01/03/2011 |
01/03/2011 |
Active |
NO |
|
5 |
U51909WB2009PTC133126 |
RELAX DEALER PRIVATE
LIMITED |
Director |
01/03/2011 |
01/03/2011 |
Active |
NO |
|
6 |
U15530OR2011PTC013551 |
SR ALCOBEV
PRIVATE LIMITED |
Director |
02/05/2011 |
02/05/2011 |
Active |
NO |
|
7 |
U51909WB2009PTC133016 |
NAINA DEVI
SUPPLIERS PRIVATE LIMITED |
Director |
16/01/2012 |
16/01/2012 |
Active |
NO |
|
8 |
U15549OR2012PTC015975 |
SR BREWTECH
PRIVATE LIMITED |
Director |
17/09/2012 |
17/09/2012 |
Active |
NO |
|
9 |
U40300OR2013PTC016432 |
SR VAPORS
PRIVATE LIMITED |
Director |
08/01/2013 |
08/01/2013 |
Active |
NO |
|
10 |
U51410OR2013PTC016751 |
SR LIQUORS
PRIVATE LIMITED |
Director |
19/04/2013 |
19/04/2013 |
Active |
NO |
|
11 |
U15122WB2010PLC143893 |
GOLD BREWERIES
COMPANY LIMITED |
Additional
director |
20/06/2013 |
20/06/2013 |
Active |
NO |
|
12 |
U74999WB2010PTC154338 |
CHANDRA GHANTA
IRON AND STEEL TRADERS PRIVATE LIMITED |
Director |
20/06/2013 |
20/06/2013 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 05.09.2012
|
Names of Shareholders |
No. of Shares |
|
Ranjan Kumar Padhi Father Name: Mahendra Chandra Padhi S-3/53, Phase II, New Industrial Estate, Jagatpur, Cuttack-754021, |
8324510 |
|
Saina Sarat Kar Father Name: Sarat Chandra Kar 3G, |
4541730 |
|
Sushat Kumar Padhi Father Name: Upendra Chandra Padhi At/PO Mouda, Cuttack-754290, |
1199740 |
|
Mamta Padhi Father Name: Dolagobinda Pandal At/PO Mouda, Cuttack-754290, |
944400 |
|
Prahlad Kumar Mishra Father Name: Bira Kishore Mishra At-Bodasara, PO Mouda, Cuttack-754290, |
1128910 |
|
Amita Mishra Father Name: Baisnab Charan Panda At-Bodasara, PO Mouda, Cuttack-754290, |
1034400 |
|
Devendranath Mallick Father Name: Narendra Nath Mallick At-Kabilpur, PO Kudanagari, Patakura, Kendrapara, |
1171910 |
|
Anasuya Mallick Father Name: At-Kabilpur, Po Kudanagari, Patakura, Kendrapara, |
1011900 |
|
Salona Consultants Private Limited 52, |
10642500 |
|
TOTAL
|
30000000 |
AS ON 05.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
35.48 |
|
Directors or relatives of Directors |
64.52 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Beer. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
·
Bank of ·
Punjab National Bank, Mian Branch, Choudhury
Bazar, Cuttack-753001, |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kapoor Mehrotra And Associates Chartered Accountant |
|
Address : |
In The House Of
Mr. N Ghosal, Near F M Circle, O T Road, Balasore 756001, Karnataka, India |
|
PAN No.: |
AAFFK2315M |
|
|
|
|
Associates : |
Relax Dealer
Private Limited CIN No.:- U51909WB2009PTC133126 Salona
Consultants Private Limited CIN No.:-U74140WB2005PTC103727 Surakshit Agency
Private Limited CIN No.:- U51101WB2009PTC132667 |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs. 300.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs. 300.000 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 |
|
300.000 |
300.000 |
|
(b) Reserves & Surplus |
|
(0.921) |
0.000 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
1.650 |
|
Total
Shareholders’ Funds (1) + (2) |
|
299.079 |
301.650 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
512.787 |
533.296 |
|
(b) Deferred tax liabilities (Net) |
|
4.608 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
517.395 |
533.296 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
218.793 |
15.959 |
|
(b) Trade payables |
|
38.363 |
54.223 |
|
(c) Other current
liabilities |
|
35.334 |
1.152 |
|
(d) Short-term provisions |
|
0.042 |
0.000 |
|
Total Current Liabilities (4) |
|
292.532 |
71.334 |
|
|
|
|
|
|
TOTAL |
|
1109.006 |
906.280 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
910.971 |
432.582 |
|
(ii) Intangible Assets |
|
0.147 |
0.147 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
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 |
|
2.357 |
1.682 |
|
(e) Other Non-current assets |
|
0.000 |
59.979 |
|
Total Non-Current Assets |
|
913.475 |
494.390 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
54.014 |
0.000 |
|
(c) Trade receivables |
|
27.856 |
0.000 |
|
(d) Cash and cash
equivalents |
|
8.806 |
50.235 |
|
(e) Short-term loans and
advances |
|
104.850 |
361.650 |
|
(f) Other current assets |
|
0.005 |
0.005 |
|
Total Current Assets |
|
195.531 |
411.890 |
|
|
|
|
|
|
TOTAL |
|
1109.006 |
906.280 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
100.000 |
|
|
2] Share Application Money |
|
|
57.554 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
157.554 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
104.256 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
104.256 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
261.810 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
50.833 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.470 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
207.141 |
|
Total
Current Assets |
|
|
207.611 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
11.085 |
|
|
Provisions |
|
|
0.111 |
|
Total
Current Liabilities |
|
|
11.196 |
|
|
Net Current Assets |
|
|
196.415 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
14.562 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
261.810 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
|
128.705 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
|
89.408 |
0.000 |
|
|
|
Purchase of Stock In Trade |
|
|
|
|
|
|
Employee benefits expenses |
|
|
|
|
|
|
TOTAL |
|
89.408 |
0.000 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
39.297 |
0.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
35.610 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
|
3.687 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
4.608 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
|
(0.921) |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
(0.03) |
0.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(0.72)
|
0.00 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.33
|
0.00 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
0.00 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.45
|
1.82 |
0.66 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.67
|
5.77 |
18.54 |
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
two years |
Yes |
|
12] |
Profitability for last
two 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 |
|
Short Term
Borrowings |
|
|
|
Loans and Advances from Related Parties |
145.522 |
6.347 |
|
|
|
|
|
TOTAL |
145.522 |
6.347 |
VIEW INDEX OF
CHARGES
|
S. No |
Charge ID |
Date of Charge Creation /Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN |
|
1 |
10412483 |
04/03/2013 |
16,200,000.00 |
Bank Of India |
Bhubaneswar Mid Corporate Branch, N-1/298,
Nayapalli, Bhubaneswar, Orissa - 751015, India |
B71013262 |
|
2 |
10385952 |
29/10/2012 |
4,955,000.00 |
Bank Of India |
Bhubaneswar Mid Corpotate Branch, 1/298, 1st
Floor, Bhubaneswar, Orissa - 751015, India |
B61892188 |
|
3 |
10280226 |
04/03/2013 * |
98,700,000.00 |
Bank Of India |
Bhubaneswar Mid Corporate Branch, N-1/298,
Nayapalli, Bhubaneswar, Orissa - 751015, India |
B71540850 |
|
4 |
10204569 |
26/02/2013 * |
537,500,000.00 |
Punjab National Bank |
Main Branch, Choudhury Bazar, Cuttack,
Orissa - 7 |
B71189997 |
|
* Date of charge modification |
||||||
FIXED ASSETS
·
Land
·
Buildings
·
Office building
·
Factory building
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Motor vehicles
·
Office equipment
·
Computer equipments
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. 61.92 |
|
UK Pound |
1 |
Rs. 99.59 |
|
Euro |
1 |
Rs. 83.63 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
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 |
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 |
|
26 |
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.