1. Summary Information
|
|
|
Country |
INDIA |
|
Company Name |
AJS IMPEX
PRIVATE LIMITED |
Principal Name 1 |
MR. JAYESH AMULAKH MEHTA |
|
Status |
MODERATE |
Principal Name 2 |
MR. AMULAKH BHUPATRAY MEHTA |
|
|
|
Registration # |
11-161680 |
|
Street Address |
108, 1ST FLOOR, ARIHANT BUILDING, AHMEDABAD STREET, CARNAC
BUNDER, MUMBAI – 400 009, MAHARASHTRA |
||
|
Established Date |
08.05.2006 |
SIC Code |
-- |
|
Telephone# |
91-22-23480888 |
Business Style 1 |
TRADING |
|
Fax # |
91-22-23488889 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
IRON |
|
|
# of employees |
NOT AVAILABLE |
Product Name 2 |
STEEL |
|
Paid up capital |
RS.62,500,000/- |
Product Name 3 |
-- |
|
Shareholders |
BODIES CORPORATE- DIRECTORS OR RELATIVES OF DIRECTORS- OTHER TOP FIFTY SHAREHOLDERS- |
Banking |
STANDARD CHARTERED BANK |
|
Public Limited Corp. |
NO |
Business Period |
7 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
B
(31) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
OTHER RELATED PARTIES |
INDIA |
MEHTA TRADE |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,872,904,000 |
Current Liabilities |
1,517,671,000 |
|
Inventories |
652,252,000 |
Long-term Liabilities |
465,927,000
|
|
Fixed Assets |
51,556,000 |
Other Liabilities |
178,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
1,983,776,000 |
|
Invest& other Assets |
37,131,000 |
Retained Earnings |
492,567,000 |
|
|
|
Net Worth |
630,067,000 |
|
Total Assets |
2,613,843,000 |
Total Liab. & Equity |
2,613,843,000 |
|
Total Assets (Previous Year) |
1,908,853,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
5,638,113,000 |
Net Profit |
35,566,000 |
|
Sales(Previous yr) |
4,409,415,000 |
Net Profit(Prev.yr) |
42,547,000 |
MIRA
INFORM REPORT
|
Report Date : |
12.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
AJS IMPEX PRIVATE LIMITED (w.e.f. 07.05.2009) |
|
|
|
|
Formerly Known
As : |
A JAYDEV STEEL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
108, 1st Floor, Arihant Building, Ahmedabad Street, Carnac
Bunder, Mumbai – 400 009, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
08.05.2006 |
|
|
|
|
Com. Reg. No.: |
11-161680 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.62.500 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74900MH2006PTC161680 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCA9734M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged
in trading of iron and steel products like hot roll plates, coils, high
pressure plate and boiler quality plates. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 2520000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Even though sales of the company have increased, profit of the company
has sharply dipped in 2012. Rating takes into consideration stiff competition and exposure to
price risk in steel business. However, trade relation reported to be fair. Business is active.
Payment terms are reported to be 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) |
|
India |
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
We are living in a world
where volatility and uncertainty have become the New Normal. We saw a
change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once
powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and the
US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial years
of the contagion but finally lost ground last year. GDP growth slowed down.
Currency has been weakening. There is a marked deceleration in agriculture,
industry and services. Dampening sentiment led to a cut-back in investment as
well as private consumption expenditure. Inflation remained at high
levels fuelled by the pressure from the food and fuel sectors. The large fiscal
and current account deficit s continued to cause grave concern. It is
imperative that India regains its growth trajectory of 8-9 % sooner than later.
This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund Based Limits: BB |
|
Rating Explanation |
Inadequate credit quality and high credit risk. |
|
Date |
October, 2012 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non Fund Based Limits: A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
October, 2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
108, 1st Floor, Arihant Building, Ahmedabad Street, Carnac
Bunder, Mumbai-400009, Maharashtra, India |
|
Tel. No.: |
91-22-23480888/ 30297636/ 30297880/ 32930888 |
|
Fax No.: |
91-22-23488889 |
|
E-Mail : |
|
|
Website: |
|
|
|
|
|
Branch Office : |
103/104, 1st Floor, Arihant Building, Ahmedabad Street, Carnac
Bunder, Mumbai – 400 009, Maharashtra, India |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Jayesh Amulakh Mehta |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
A/10, Gautamdham, Bajaj Road, Dadabhai Road, Vile Parle (West), Mumbai
– 400 056, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
04.09.1968 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
11.03.2010 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AACPM6405B |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01584717 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Amulakh Bhupatray Mehta |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
A/10, Gautamdham, Bajaj Road, Dadabhai Road, Vile Parle (West), Mumbai
– 400 056, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
14.09.1938 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
08.05.2006 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AAEPM3461D |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01584664 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Amulakh B. Mehta |
|
5000 |
|
Jayesh A. Mehta |
|
3960300 |
|
Jayesh A. Mehta (HUF) |
|
1020000 |
|
Piyush V. Bhuva |
|
3675 |
|
Ram Ganesh M. Gupta |
|
3675 |
|
Vinayak Kanade |
|
3675 |
|
Popat Shete |
|
3675 |
|
Mehta Trade, India |
|
1000000 |
|
Shree Vallabh Marketing Private Limited, India |
|
250000 |
|
Total
|
|
6250000 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
4.00 |
|
Directors
or relatives of directors |
|
63.68 |
|
Other
top fifty shareholders |
|
32.32 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged
in trading of iron and steel products like hot roll plates, coils, high
pressure plate and boiler quality plates. |
GENERAL INFORMATION
|
Bankers : |
·
Standard Chartered Bank, Standard Chartered Tower,
201, B/1, Western Express Highway, Goregaon (East), Mumbai – 400 063,
Maharashtra, India ·
Union Bank of India (Lead Bank), Bhat Bazar
Branch, Anand Deep Chambers, 273/277, Narsi Natha Street, Mumbai – 400 009,
Maharashtra, India ·
UCO Bank, Industry House, 159, Churchgate
Reclamation, Mumbai – 400 020, Maharashtra, India ·
Bank of Maharashtra, 45/47, Janmangal Building,
Bombay Samachar Marg, Fort, Mumbai, Maharashtra – 400 023, Maharashtra, India
|
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Vinod K. Mehta and Company Chartered Accountants |
|
Address : |
B-5, Satyam Shopping Centre, M.G. Road, Ghatkopar (East), Mumbai – 400
077, Maharashtra, India |
|
PAN No.: |
AADFV6947N |
|
|
|
|
Other Related Parties : |
·
Mehta Trade, India ·
Trump Impex Private Limited, India |
CAPITAL STRUCTURE
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
6500000 |
Equity Shares |
Rs.10/- each |
Rs.65.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
6250000 |
Equity Shares |
Rs.10/- each |
Rs.62.500 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 |
|
62.500 |
57.500 |
|
(b) Reserves & Surplus |
|
492.567 |
312.001 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
75.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
630.067 |
369.501 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
94.734 |
92.096 |
|
(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) |
|
94.734 |
92.096 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
371.193 |
292.803 |
|
(b)
Trade payables |
|
415.441 |
712.682 |
|
(c)
Other current liabilities |
|
1102.230 |
437.992 |
|
(d) Short-term
provisions |
|
0.178 |
3.779 |
|
Total Current
Liabilities (4) |
|
1889.042 |
1447.256 |
|
|
|
|
|
|
TOTAL |
|
2613.843 |
1908.853 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
51.556 |
53.451 |
|
(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 |
|
37.131 |
11.531 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.467 |
0.307 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
89.154 |
65.289 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
652.252 |
617.313 |
|
(c)
Trade receivables |
|
1054.653 |
896.290 |
|
(d) Cash
and cash equivalents |
|
511.685 |
202.542 |
|
(e)
Short-term loans and advances |
|
177.507 |
50.079 |
|
(f)
Other current assets |
|
128.592 |
77.340 |
|
Total
Current Assets |
|
2524.689 |
1843.564 |
|
|
|
|
|
|
TOTAL |
|
2613.843 |
1908.853 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
55.000 |
|
|
2] Share Application Money |
|
|
47.500 |
|
|
3] Reserves & Surplus |
|
|
181.954 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
284.454 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
477.728 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
477.728 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
762.182 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
48.044 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
15.130 |
|
|
DEFERRED TAX ASSETS |
|
|
0.053 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
442.484 |
|
|
Sundry Debtors |
|
|
647.759 |
|
|
Cash & Bank Balances |
|
|
205.842 |
|
|
Other Current Assets |
|
|
0.181 |
|
|
Loans & Advances |
|
|
69.227 |
|
Total
Current Assets |
|
|
1365.493 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
353.356 |
|
|
Other Current Liabilities |
|
|
307.806 |
|
|
Provisions |
|
|
5.376 |
|
Total
Current Liabilities |
|
|
666.538 |
|
|
Net Current Assets |
|
|
698.955 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
762.182 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
5638.113 |
4409.415 |
|
|
|
|
Other Income |
35.402 |
13.590 |
|
|
|
|
TOTAL |
5673.515 |
4423.005 |
4245.312 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
4296.448 |
4153.369 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
5513.749 |
4296.448 |
4153.369 |
|
|
|
|
|
|
|
|
Less |
PROFIT BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION & EXCEPTIONAL ITEMS |
159.766 |
126.557 |
91.943 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
99.893 |
62.756 |
32.156 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX, DEPRECIATION AND AMORTISATION & EXCEPTIONAL ITEMS |
59.873 |
63.801 |
59.787 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
6.781 |
1.326 |
1.324 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX & EXCEPTIONAL ITEMS |
53.092 |
62.475 |
58.463 |
|
|
|
|
|
|
|
|
|
Less |
EXCEPTIONAL
ITEMS |
0.070 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
53.022 |
62.475 |
58.463 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
17.456 |
19.928 |
21.366 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
35.566 |
42.547 |
37.097 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
NA |
4.887 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.69 |
7.39 |
6.74 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.63 |
0.96
|
0.87 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.94 |
1.42
|
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.10 |
3.29
|
4.14 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.17
|
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.74 |
1.04
|
1.68 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34 |
1.27
|
2.05 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
Yes |
|
Unsecured Loans |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
LONG-TERM BORROWINGS
|
|
|
|
Other loans and advances |
94.734 |
92.096 |
|
Total
|
94.734 |
92.096 |
INDEX OF CHARGES:
|
S.No. |
Charge
ID |
Date
of Charge Creation/Modification |
Charge
amount secured |
Charge
Holder |
Address |
Service
Request Number (SRN) |
|
1 |
10429078 |
20/05/2013 |
37,300,000.00 |
STANDARD
CHARTERED BANK |
STANDARD
CHARTERED TOWER, 201, B/1, WESTERN EXPRESS HIGHWAY, GOREGAON (EAST), MUMBAI,
MAHARASHTRA - 400063, INDIA |
B76296870 |
|
2 |
10392338 |
08/11/2012 |
200,000,000.00 |
BANK
OF MAHARASHTRA |
45/47,
JANMANGAL BUILDING, BOMBAY SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA - 400023,
INDIA |
B64279011 |
|
3 |
10208954 |
22/03/2010 |
250,000,000.00 |
BARCLAYS
BANK PLC |
601/603,
CEEJAY HOUSE, SHIVSAGAR ESTATE, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA
- 400018, INDIA |
A81876815 |
|
4 |
10181113 |
20/09/2010
* |
100,000,000.00 |
UNION
BANK OF INDIA |
BHAT
BAZAR BRANCH, ANANT DEEP CHAMBERS,, 273/277, NARSINATHA STREET, MUMBAI,
MAHARASHTRA - 400009, INDIA |
A96819735 |
|
5 |
10181118 |
13/03/2013
* |
2,250,000,000.00 |
UNION
BANK OF INDIA (LEAD BANK) |
BHAT
BAZAR BRANCH, ANAND DEEP CHAMBERS,, 273/277, NARSI NATHA STREET, MUMBAI,
MAHARASHTRA - 400009, INDIA |
B72101942 |
|
6 |
10181360 |
29/09/2009 |
150,000,000.00 |
LAKSHMI
VILAS BANK LIMITED |
NO.64,
DR. V.B. GANDHI MARG, KALAGHODA, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
A71141014 |
* Date of charge modification
FIXED ASSETS:
·
Buildings
·
Furniture and Fixtures
·
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.61.15 |
|
|
1 |
Rs.97.77 |
|
Euro |
1 |
Rs.82.77 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
31 |
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.