MIRA
INFORM REPORT
|
Report Date : |
25.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
RAJPUTANA STAINLESS LIMITED (w.e.f. 12.07.2007) |
|
|
|
|
Formerly Known
As : |
RAJPUTANA STEEL CASTINGS LIMITED (w.e.f. 18.06.2007) RAJPUTANA STEEL CASTINGS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
213, Madhwas, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
02.04.1991 |
|
|
|
|
Com. Reg. No.: |
04-015331 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.318.499
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27109GJ1991PLC015331 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Stainless Steel, Mild Steel and Alloy Steel Products. |
|
|
|
|
No. of Employees
: |
250 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1740000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
Trade relations are fair. Business is active. Payment terms are slow but
correct. The company can be considered for business dealing 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 |
INDIAN ECONOMIC OVERVIEW
The finance ministry
has started preparations for Budget 2014/15. With general elections scheduled
to be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court
has barred clinical trials for new drugs till a monitoring mechanism is put in place
to protect the lives of people on which the drugs are tested.
Mumbai has been
named the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital
3.7 % Growth of the
core sector in August, a seven month high. This takes the overall growth in
April-August this year to 2.3 % compared with 6.3 % in the corresponding period
next financial year.
$19 million
Estimated average spending by companies across the globe including India, on
social media this year, according to a global study by information technology
major Tata Consultancy Services. This will rise to $ 24 million in 2015.
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the
spending capacity in India. Over 72 % respondents from middle and lower middle
income families would be forced to slash their Diwali expenditure by 40 % and
on average spend nearly 25 % of their monthly salary on Diwali, according to a
survey by Assochem.
Analysts believe the
shutdown of the US government would have limited impact in sectors such as IT
or tourism that are dependent on Visa clearances.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BB+ [Long Term] |
|
Rating Explanation |
Moderate risk of default and high credit risk. |
|
Date |
28.06.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A4+ [Short Term] |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
28.06.2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY [GENERAL DETAILS]
|
Name : |
Mr. Santosh Dixit |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-2676-326944 |
|
Date : |
23.10.2013 |
LOCATIONS
|
Registered Office/ Factory : |
213, Madhwas, Halol Kalol Road, Kalol, Panchmahal-389330, Gujarat,
India |
|
Tel. No.: |
91-2676-326944 91-265-3014817 |
|
Mobile No.: |
91-932226590 (Mr. Jayesh N Pithva) |
|
Fax No.: |
91-2676-236327 91-265-2422321 |
|
E-Mail : |
|
|
Web Site: |
|
|
Area: |
10000 sq. ft |
|
Location: |
Owned |
|
|
|
|
Marketing
Office: |
17/19,
Kanti Bhuvan, 1st Parsiwada lane Near V.P. Road, Mumbai-40000, Maharashtra,
India |
|
Tel. No.: |
91-22-66595615 |
|
|
|
|
Branch Office : |
202, Martand Complex, Near Apsara Cinema Pratap Nagar Road
Vadodara-390004, Gujarat, India |
|
Tel. No.: |
91-265-3014817 |
|
Fax No.: |
91-265-2422321 |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Shankarlal Deepchand Mehta |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
802, Krishna Towers, R. V. Desai Road, Pratapnagar, Vadodara-390004,
Gujarat, India |
|
Date of Birth/Age : |
03.07.1971 |
|
Date of Appointment : |
25.02.2000 |
|
DIN No.: |
02656381 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U27109GJ1991PLC015331 |
RAJPUTANA
STAINLESS LIMITED |
Managing
director |
24-11-08 |
25-02-00 |
Active |
NO |
|
2 |
U74900GJ2010PTC060786 |
RAJPUTANA
ADVISORY SERVICES PRIVATE LIMITED |
Director |
18-05-10 |
18-05-10 |
Active |
NO |
|
Name : |
Mr. Babulal Deepchandji Mehta |
|
Designation : |
Whole-Time Director |
|
Address : |
138-A, Chandanwadi, C.P Tank, Mumbai – 400 004, Maharashtra, India |
|
Date of Birth/Age : |
08.12.1958 |
|
Date of Appointment : |
01.11.1999 |
|
DIN No.: |
02656396 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U27109GJ1991PLC015331 |
RAJPUTANA
STAINLESS LIMITED |
Whole-time
director |
24-11-08 |
01-11-99 |
Active |
NO |
|
2 |
U74900GJ2010PTC060786 |
RAJPUTANA
ADVISORY SERVICES PRIVATE LIMITED |
Director |
18-05-10 |
18-05-10 |
Active |
NO |
|
Name : |
Mr. Jayesh Natvarlal Pithva |
|
Designation : |
Director |
|
Address : |
103, |
|
Date of Birth/Age : |
09.11.1967 |
|
Date of Appointment : |
07.05.2007 |
|
DIN No.: |
01531196 |
|
|
|
|
Name : |
Mr. Jashvant Chinubhai Patel |
|
Designation : |
Director |
|
Address : |
A-3, Akshar Dham, Bunglows, Part II, Near Rangsagar Society, Bopal,
Ahmadabad-380058, Gujarat, India |
|
Date of Birth/Age : |
07.03.1959 |
|
Date of Appointment : |
24.02.2010 |
|
DIN No.: |
02937888 |
|
|
|
|
Name : |
Mr. Dilip Kumar Vyas |
|
Designation : |
Director |
|
Address : |
A 303, Akhilesh Flats Behind Rameshwar Mandir, Grow Morg Flats
Subhanpura, Vadodara – 390 023, |
|
Date of Birth/Age : |
17.05.1954 |
|
Date of Appointment : |
24.02.2010 |
|
DIN No.: |
03111604 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U27109GJ1991PLC015331 |
RAJPUTANA
STAINLESS LIMITED |
Director |
24-03-10 |
24-02-10 |
Active |
NO |
|
2 |
U27109GJ2006PLC048737 |
MODERN
TUBE INDUSTRIES LIMITED |
Director |
20-09-10 |
20-09-10 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Santosh Dixit |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Shankarlal D. Mehta |
|
18315426 |
|
Babulal D. Mehta |
|
1440026 |
|
Jayesh N. Pithwa |
|
431000 |
|
Babulal D. Mehta HUF |
|
425600 |
|
Bhaguben B. Mehta |
|
956332 |
|
Girish B. Mehta |
|
97000 |
|
Hetal J. Pithwa |
|
584000 |
|
Kalpesh B. Mehta |
|
215500 |
|
Motilal D. Mehta |
|
792824 |
|
Motilal D. Mehta HUF |
|
308000 |
|
Natwarlal Pithwa |
|
544000 |
|
Nirmalaben N. Pithwa |
|
551000 |
|
Pinky Jain |
|
13750 |
|
Ramesh D. Mehta |
|
716124 |
|
Ramesh D. Mehta (HUF) |
|
311330 |
|
Vikram M. Mehta |
|
304000 |
|
Jayanti M. Sanghavi |
|
175000 |
|
Kamla M. Mehta |
|
290000 |
|
Mahendra M. Mehta |
|
162400 |
|
Rohiniben R. Mehta |
|
200000 |
|
Rajputana Advisory Services Private Limited, India |
|
567000 |
|
Lohagar Devloper Private Limited, India |
|
4246750 |
|
Babulal N. Bisnoi |
|
169418 |
|
Tejaram K. Bisnoi |
|
25924 |
|
Mangilal V. Sanghvi |
|
17500 |
|
|
|
|
|
TOTAL
|
|
31859904 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
13.33 |
|
Directors
or relatives of directors |
|
86.00 |
|
Other
|
|
0.67 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Stainless Steel, Mild Steel and Alloy Steel Products. |
|
|
|
|
Products : |
· Stainless Steel Round Bars · Bright Bars · Stainless Steel Hexagonal Square Bars · Stainless Steel · Stainless Steel Billets · Stainless Steel Bars |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
·
UAE ·
Thailand ·
South Africa ·
Singapore ·
Turkey |
|
|
|
|
Terms : |
|
|
Selling : |
LC and Credit |
|
|
|
|
Purchasing : |
LC and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
250 [Approximately] |
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
Citicrop Finance (I) Limited, 607-608, Arundeep Complex, Race Course
Circle, Gotrai Road, Baroda-390007, Gujarat, India |
|
|
|
|
Auditors : |
|
|
Name : |
S.A. Patel and Company Chartered Accountants |
|
Address : |
422, Paradise Complex, Sayajigung, Vadodara-390005, Gujarat, India |
|
PAN No: |
ADFPP1273N |
|
|
|
|
Other Related Parties : |
·
Rajputana Advisory Private Limited ·
Surya Steel |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
33000000 |
Equity Shares |
Rs.10/- each |
Rs.330.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
31849904 |
Equity Shares |
Rs.10/- each
|
Rs.318.499
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 |
|
318.499 |
159.250 |
|
(b) Reserves & Surplus |
|
108.386 |
198.472 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
8.353 |
6.655 |
|
Total Shareholders’ Funds (1) + (2) |
|
435.238 |
364.377 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
|
207.704 |
190.339 |
|
(b) Deferred tax liabilities (Net) |
|
56.385 |
39.808 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
264.089 |
230.147 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
686.135 |
711.074 |
|
(b) Trade
payables |
|
385.970 |
272.790 |
|
(c)
Other current liabilities |
|
175.099 |
167.135 |
|
(d) Short-term
provisions |
|
7.213 |
9.165 |
|
Total Current
Liabilities (4) |
|
1254.417 |
1160.164 |
|
|
|
|
|
|
TOTAL |
|
1953.744 |
1754.688 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
518.473 |
370.485 |
|
(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 |
|
0.000 |
0.000 |
|
(c) Deferred tax
assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
16.667 |
16.625 |
|
(e) Other Non-current
assets |
|
40.461 |
28.258 |
|
Total Non-Current
Assets |
|
575.601 |
415.368 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
811.595 |
796.940 |
|
(c)
Trade receivables |
|
470.858 |
414.135 |
|
(d) Cash
and cash equivalents |
|
2.252 |
11.694 |
|
(e)
Short-term loans and advances |
|
51.098 |
30.734 |
|
(f)
Other current assets |
|
42.340 |
85.817 |
|
Total
Current Assets |
|
1378.143 |
1339.320 |
|
|
|
|
|
|
TOTAL |
|
1953.744 |
1754.688 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
159.250 |
|
|
2] Share Application Money |
|
|
5.728 |
|
|
3] Reserves & Surplus |
|
|
137.013 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
301.991 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
647.622 |
|
|
2] Unsecured Loans |
|
|
3.062 |
|
|
TOTAL BORROWING |
|
|
650.684 |
|
|
DEFERRED TAX LIABILITIES |
|
|
27.180 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
979.855 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
267.230 |
|
|
Capital work-in-progress |
|
|
18.699 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
476.145
|
|
|
Sundry Debtors |
|
|
404.438
|
|
|
Cash & Bank Balances |
|
|
3.503
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
182.979
|
|
Total
Current Assets |
|
|
1067.065 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
310.414
|
|
|
Other Current Liabilities |
|
|
19.101
|
|
|
Provisions |
|
|
43.624
|
|
Total
Current Liabilities |
|
|
373.139
|
|
|
Net Current Assets |
|
|
693.926
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
979.855 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2461.904 |
2376.130 |
2636.092 |
|
|
|
Other Income |
6.251 |
3.281 |
15.203 |
|
|
|
TOTAL (A) |
2468.155 |
2379.411 |
2651.295 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
1809.982 |
2321.429 |
|
|
|
|
Employee benefit expense |
22.598 |
19.908 |
|
|
|
|
Other expenses |
273.493 |
337.991 |
2480.922 |
|
|
|
Prior period items |
0.000 |
4.492 |
|
|
|
|
Changes in inventories
of finished goods, work-in-progress and stock-in-trade |
100.502 |
(529.189) |
|
|
|
|
TOTAL (B) |
2206.575 |
2154.631 |
2480.922 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
261.580 |
224.780 |
170.373 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
115.809 |
90.525 |
41.147 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
145.771 |
134.255 |
129.226 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
46.028 |
39.307 |
23.713 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
99.743 |
94.948 |
105.513 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
30.579 |
33.490 |
37.983 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
69.164 |
61.458 |
67.530 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
20.235 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
87.765 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
76.304 |
80.273 |
NA |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
383.173 |
342.737 |
NA |
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
2.17 |
3.86 |
4.24 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.80
|
2.58 |
2.55
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.05
|
4.00 |
4.00
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.11
|
5.41 |
7.91
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23
|
0.26 |
0.35
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.05
|
2.47 |
2.15
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.10
|
1.15 |
2.86
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth 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 |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10421597 |
26/03/2013 |
23,806,000.00 |
TATA CAPITAL
FINANCIAL SERVICES LIMITED |
ONE FORBES,, DR.
V. B. GANDHI MARG, FORT, MUMBAI, |
B73707762 |
|
2 |
10296575 |
25/05/2012 * |
1,099,000,000.00 |
PUNJAB NATIONAL
BANK |
SURAT MAIN BRANCH,
1ST FLOOR, MEGHANI TOWER, STAT |
B43845262 |
|
3 |
10295499 |
29/10/2010 |
150,000,000.00 |
IDBI BANK
LIMITED |
AHMEDABAD BRANCH
IDBI COMPLEX, OPP. MUNI STAFF, Q |
B04227427 |
|
4 |
10233379 |
02/08/2010 |
1,850,000.00 |
KOTAK MAHINDRA
BANK LIMITED |
36-38A, NARIMAN
BHAVAN, 227,D, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
A91529818 |
|
5 |
10213906 |
25/03/2010 |
72,000,000.00 |
IDBI BANK
LIMITED |
IDBI COMPLEX,
NEAR LAL BUNGLOWS, OFF C G ROAD, |
A83635755 |
|
6 |
10208277 |
07/02/2011 * |
500,000,000.00 |
PUNJAB NATIONAL
BANK |
SURAT MAIN
BRANCH, 1ST FLOOR, MEGHANI TOWER, STAT |
B08137416 |
|
7 |
10133836 |
07/02/2011 * |
150,000,000.00 |
PUNJAB NATIONAL
BANK |
SURAT MAIN
BRANCH, 1ST FLOOR, MEGHANI TOWER, STAT |
B08139149 |
|
8 |
10133837 |
14/11/2008 |
35,000,000.00 |
PUNJAB NATIONAL
BANK |
SURAT MAIN
BRANCH, 1ST FLOOR, MEGHANI TOWER, STAT |
A52438199 |
|
9 |
10073771 |
07/02/2011 * |
637,500,000.00 |
PUNJAB NATIONAL
BANK |
SURAT MAIN BRANCH,
1ST FLOOR, MEGHANI TOWER, STAT |
B08762676 |
|
10 |
10073770 |
28/01/2013 * |
630,000,000.00 |
PUNJAB NATIONAL
BANK |
SURAT MAIN
BRANCH, 1ST FLOOR, MEGHANI TOWER, STAT |
B67482612 |
|
* Date of charge modification |
||||||
|
Unsecured Loan |
As
on 31.03.2012 [Rs.
in Millions] |
As
on 31.03.2011 [Rs.
in Millions] |
|
Long Term
Borrowings |
|
|
|
Rupee term loans from others |
3.207 |
0.000 |
|
TOTAL
|
3.207 |
0.000 |
FIXED ASSETS:
·
Free Hold Land
·
Factory Building and Shed
·
Plant and Machinery
·
Electric Installation
·
Furniture and Fixtures
·
Motor Vehicle
·
Laboratory Equipments
·
Office Equipments
·
Computers
·
Hydraulic Mobile Crane
·
Weighing Scale
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.61.41 |
|
|
1 |
Rs.99.53 |
|
Euro |
1 |
Rs.84.82 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
TPT |
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 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.