MIRA
INFORM REPORT
|
Report Date : |
25.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
SURYA FERROUS ALLOYS PRIVATE LIMITED |
|
|
|
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Registered
Office : |
Office No. 124, 1st Floor, Skylark Building, Plot No. 63, Sector
11, CBD Belapur, Navi Mumbai – 400614, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
13.01.2004 |
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Com. Reg. No.: |
11-143976 |
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Capital Investment
/ Paid-up Capital : |
Rs.9.257 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100MH2004PTC143976 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS74380F |
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|
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PAN No.: [Permanent Account No.] |
AAHCS8596H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer PMT Bar. |
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|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 91000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. Profit margin of the company appears to be low. External borrowing of
the company seems to be huge. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealings 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 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 Helsinki bagged the top
spot for the world’s most honest city while Lisbon, the capital of Portugal,
proved to be the least honest. The survey put hundreds of people to test
in four continents to find out just how honest they were by dropping wallets
and seeing how many would be returned.
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.
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
|
Name : |
Mr. Amit Garg |
|
Designation : |
Director |
|
Contact No.: |
91-9967056552 |
|
Date : |
21.10.2013 |
LOCATIONS
|
Registered Office : |
Office No. 124, 1st Floor, Skylark Building, Plot No. 63, Sector
11, CBD Belapur, Navi Mumbai – 400614, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9967056552 (Mr. Amit Gang) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Rented |
|
|
|
|
Factory : |
Gut No – 90/P, 92/4, Village-Abitghar, Taluka-Wada, District – Thane, |
|
Location : |
Owned |
DIRECTORS
As on: 30.09.2012
|
Name : |
Mr. Rakesh Hanumanprasad Garg |
|
Designation : |
Director |
|
Address : |
A‐301,
Puneet Park, Sector‐17, Nerul,
Navi Mumbai ‐ 400706, Maharashtra, India |
|
Date of Appointment : |
13.01.2004 |
|
DIN No. : |
01511217 |
|
|
|
|
Name : |
Mr. Amit Hanumanprasad Garg |
|
Designation : |
Director |
|
Address : |
A‐301,
Puneet Park, Sector‐17, Nerul,
Navi Mumbai ‐ 400706, Maharashtra, India |
|
Date of Appointment : |
13.01.2004 |
|
DIN No. : |
01511225 |
|
|
|
|
Name : |
Mr. Pramod Hanuman Garg |
|
Designation : |
Director |
|
Address : |
A‐301,
Puneet Park, Sector‐17, Nerul,
Navi Mumbai ‐ 400706, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1982 |
|
Date of Appointment : |
03.10.2012 |
|
DIN No. : |
02406540 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2012
|
Names of Shareholders |
No. of Shares |
|
Amit H Garg |
467682 |
|
Rakesh H Garg |
457920 |
|
Pavan Agarwal |
100 |
|
Sunil Agarwal |
5 |
|
|
|
|
Total |
925707 |
As on: 18.03.2013
|
Names of Allottee |
No. of Shares |
|
Amit H Garg |
865318 |
|
Rakesh H Garg |
875080 |
|
Promod Garg |
1333000 |
|
|
|
|
Total |
3073398 |
As on: 30.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer PMT Bar. |
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Imports : |
|
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Products : |
Raw Material |
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Countries : |
Dubai |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Customers : |
Retailers and End Users |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
·
Dombivli Nagari Sahakari Bank, Sastri Nagar Branch,
Everest Annex, 1st Floor, Above Hotel Dwarka, Dombivli (West),
Mumbai – 421202, Maharashtra, India ·
The Greater Bombay Co, Operative Bank Limited,
Thane, Maharashtra, India |
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Facilities : |
NOTE: Details of
Security Terms of
Repayment/Redemption/Conversation 1. Terms of Conversation/ Redemption of Bonds / Non‐ Convertible Debenture (NCDs) 2. Terms of Repayment of Secured Term Loans (A) Rupee Term Loan From Banks of : 1.Dombivli
Nagari sahakari Bank Limited : (i) Rs.20000000
is repayable in 60 month. Monthly installments of Rs. 100000/‐ each
from 01.06.2011 to 31.03.2012. (ii) Rs.
40000000/‐ is repayable in 60 months. Monthly installments of Rs.
920500/‐ each from 25.04.2011 to 31.03.2012. 2. HDFC : (i) Rs.911000/‐is
repayable in 34 month. Monthly installments of Rs.32000 /‐ each from
05.01.2012 to 05.10.2014. (ii) Rs.
1017000/‐ is repayable in 36 months. Monthly installments of Rs. 33450/‐
each from05.04.2012 to 05.03.2015. (B) Foreign Currency Terms Loan From Banks of : NIL (C) Rupee Term Loan From Financial
Institution of : NIL 4. Long Term Advance From a Customer : NIL 5. Deferred Sale Tax : NIL |
|
Banking
Relations : |
-- |
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|
|
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Auditors : |
|
|
Name : |
B. M. Jain and Associates Chartered Accountants |
|
Address : |
85, A-Wing, Agarwal Trade Centre, Sectore – 11, C.B.D. Belapur, Navi
Mumbai – 400614, Maharashtra, India |
|
Tel. No.: |
91-22-27561216/ 27562274 |
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Fax No.: |
91-22-27566766 |
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E-Mail : |
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PAN No. : |
AAHP7718H |
CAPITAL STRUCTURE
After 30.09.2012
Authorised Capital : Rs.40.000
Millions
Issued, Subscribed & Paid-up Capital : Rs.39.991 Millions
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
925707 |
Equity Shares |
Rs.10/- each |
Rs.9.257 Millions |
|
|
|
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|
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 |
|
9.257 |
9.257 |
|
(b) Reserves & Surplus |
|
13.562 |
12.453 |
|
(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) |
|
22.819 |
21.710 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
56.562 |
42.202 |
|
(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) |
|
56.562 |
42.202 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
31.556 |
56.116 |
|
(b) Trade payables |
|
37.772 |
18.976 |
|
(c) Other current
liabilities |
|
10.691 |
5.769 |
|
(d) Short-term provisions |
|
0.636 |
1.053 |
|
Total Current Liabilities (4) |
|
80.655 |
81.914 |
|
|
|
|
|
|
TOTAL |
|
160.036 |
145.826 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
18.750 |
16.649 |
|
(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 |
|
0.506 |
0.506 |
|
(c) Deferred tax assets (net) |
|
(0.048) |
0.000 |
|
(d) Long-term Loan and Advances |
|
5.325 |
0.465 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
24.533 |
17.620 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
69.094 |
57.072 |
|
(c) Trade receivables |
|
44.185 |
14.748 |
|
(d) Cash and cash
equivalents |
|
0.125 |
1.274 |
|
(e) Short-term loans
and advances |
|
22.099 |
55.112 |
|
(f) Other current
assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
135.503 |
128.206 |
|
|
|
|
|
|
TOTAL |
|
160.036 |
145.826 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
9.257 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
10.649 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
19.906 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
89.596 |
|
|
2] Unsecured Loans |
|
|
2.962 |
|
|
TOTAL BORROWING |
|
|
92.558 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
112.464 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
18.726 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.506 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
30.728 |
|
|
Sundry Debtors |
|
|
6.688 |
|
|
Cash & Bank Balances |
|
|
3.813 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
69.301 |
|
Total
Current Assets |
|
|
110.530 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
8.573 |
|
|
Other Current Liabilities |
|
|
7.521 |
|
|
Provisions |
|
|
1.204 |
|
Total
Current Liabilities |
|
|
17.298 |
|
|
Net Current Assets |
|
|
93.232 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
112.464 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
809.821 |
571.393 |
545.577 |
|
|
|
Other Income |
2.461 |
1.539 |
0.523 |
|
|
|
TOTAL |
812.282 |
572.932 |
546.100 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
565.651 |
396.852 |
|
|
|
|
Purchases of Traded Goods |
57.192 |
30.634 |
|
|
|
|
Changes in
Inventories of goods, Work in Progress and Stock ‐in‐ Trade. |
(4.826) |
0.468 |
|
|
|
|
Employee Benefits Expense |
5.745 |
5.336 |
|
|
|
|
Other Expenses |
172.295 |
124.088 |
|
|
|
|
TOTAL |
796.057 |
557.378 |
533.033 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
16.225 |
15.554 |
13.067 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
12.257 |
10.430 |
7.366 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
3.968 |
5.124 |
5.701 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.111 |
2.234 |
2.564 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1.857 |
2.890 |
3.137 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.684 |
1.054 |
1.221 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
1.173 |
1.836 |
1.916 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
12.485 |
10.649 |
8.733 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
13.658 |
12.485 |
10.649 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
US $576099 |
US $ 1727733 |
NA |
|
|
TOTAL IMPORTS |
US
$576099 |
US
$ 1727733 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.00 |
2.00 |
2.07 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
680.000 |
|
|
|
|
(Due to Recession ) |
The above information has been parted by Mr. Amit Garg
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.14
|
0.32 |
0.35 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.23
|
0.50 |
0.57 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.16
|
1.99 |
2.43 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
0.13 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.86
|
4.53 |
4.65 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.68
|
1.56 |
6.39 |
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 |
Yes |
|
9] |
Name of
person contacted |
Yes |
|
10] |
Designation
of contact person |
Yes |
|
11] |
Turnover of
firm for last four years |
Yes |
|
12] |
Profitability
for last three years |
Yes |
|
13] |
Reasons for
variation <> 20% |
-------------------- |
|
14] |
Estimation
for coming financial year |
No |
|
15] |
Capital in
the business |
Yes |
|
16] |
Details of
sister concerns |
No |
|
17] |
Major
suppliers |
No |
|
18] |
Major
customers |
No |
|
19] |
Payments
terms |
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] |
Date of Birth
of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No
of Proprietor/Partner/Director, if available |
No |
|
34] |
External
Agency Rating, if available |
No |
NOTE:
The registered office of the company has been
shifted from 204, Quay Street, Darukhana, Mumbai – 400010, Maharashtra, India
to the present address w.e.f. 01.09.2009
UNSECURED LOAN:
|
Particulars |
31.03.2012 [Rs.
in Millions] |
31.03.2011 [Rs.
in Millions] |
|
Long Term
Borrowing |
|
|
|
Loan From
Shareholder, Directors and Relatives : |
|
|
|
Amit Garg |
0.028 |
0.000 |
|
Pramod Garg |
2.590 |
2.962 |
|
Rakesh Garg |
0.071 |
0.000 |
|
Others : |
|
|
|
Jawandamal Dhanamal |
5.000 |
0.000 |
|
|
|
|
|
Total |
7.689 |
2.962 |
INDEX CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured
|
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10430697 |
16/04/2013 |
5,000,000.00 |
DOMBIVLI NAGARI SAHAKARI BANK LTD |
SHASTRINAGAR BRANCH, EVEREST ANNEX, 1ST FLOOR, AB |
B76951243 |
|
2 |
10421141 |
28/03/2013 |
558,000,000.00 |
DOMBIVLI NAGARI SAHAKARI BANK LIMITED |
SHASTRI NAGAR BRANCH,, EVEREST ANNEX, ABOVE HOTEL, |
B73593717 |
|
3 |
10413697 |
01/03/2013 |
25,000,000.00 |
DOMBIVLI NAGARI SAHAKARI BANK LIMITED |
SHASTRI NAGAR BRANCH, EVEREST ANNEX,, ABOVE HOTEL |
B71414593 |
|
4 |
10411427 |
01/03/2013 |
85,500,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED |
NERUL BRANCH, GROUND FLOOR, SHOP NO G-09, PLOT NO, |
B70654280 |
|
5 |
10413694 |
05/02/2013 |
42,500,000.00 |
DOMBIVLI NAGARI SAHAKARI BANK LIMITED |
SHASTRI NAGAR BRANCH,, EVEREST ANNEX, ABOVE HOTEL, |
B71413678 |
|
6 |
10394601 |
19/12/2012 |
45,000,000.00 |
DOMBIVLI NAGARI SAHAKARI BANK LIMITED |
SHASTRI NAGAR BRANCH, EVEREST ANNEX, ABOVE HOTEL, |
B65032641 |
|
7 |
10399946 |
12/12/2012 |
20,000,000.00 |
DOMBIVLI NAGARI SAHAKARI BANK LIMITED |
SHASTRI NAGAR BRANCH, EVEREST ANNEX, ABOVE HOTEL, |
B66768276 |
|
8 |
10387692 |
30/10/2012 |
60,000,000.00 |
DOMBIVLI NAGARI SAHAKARI BANK LIMITED |
SHASTRI NAGAR BRANCH, EVEREST ANNEX, ABOVE HOTEL, |
B62443551 |
|
9 |
10278748 |
05/05/2011 * |
81,200,000.00 |
DOMBIVLI NAGARI SAHAKARI BANK LIMITED |
Madhukunj, plotno. P/52,M.I.D.C. Phase II, Kalyan-Shil Road,
Sonarpada, Dombivli east, DOMBIVLI, Maharashtra - 421204, INDIA |
B13208434 |
|
10 |
10303439 |
10/12/2010 |
64,500,000.00 |
DOMBIVLI NAGARI SAHAKARI BANK LIMITED |
Madhukunj, plotno. P/52,M.I.D.C. Phase II, Kalyan-Shil Road, Sonarpada,
Dombivli east, DOMBIVLI, Maharashtra - 421204, INDIA |
B10128775 |
|
11 |
10217049 |
14/08/2010 * |
49,000,000.00 |
DOMBIVLI NAGARI SAHAKARI BANK LIMITED |
Madhukunj, plotno. P/52,M.I.D.C. Phase II, Kalyan-Shil Road, Sonarpada,
Dombivli east, DOMBIVLI, Maharashtra - 421204, INDIA |
A94713856 |
|
12 |
10172541 |
15/01/2008 |
40,000,000.00 |
DOMBIVLI NAGARI SAHAKARI BANK LIMITED |
SHASTRI NAGAR BRANCH, EVEREST ANNEX, ABOVE HOTEL, |
A56877830 |
|
13 |
10116860 |
01/02/2008 * |
40,000,000.00 |
DOMBIVLI NAGARI SAHAKARI BANK LIMITED |
SHASTRI NAGAR BRANCH, EVEREST ANNEX, ABOVE HOTEL, |
A56878325 |
* Date of charge modification
FIXED ASSETS:
·
Freehold Land
·
Factory Building
·
Container
·
Plant and Machinery
·
Electrical Installation
·
Pollution Equipments
·
Vehicles
·
Printer
·
Computer
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.84.81 |
INFORMATION DETAILS
|
Information
Gathered by : |
NAY |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.