MIRA INFORM REPORT
|
Report Date : |
02.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
BHASKAR INDUSTRIES PRIVATE LIMITED (w.e.f. 05.12.2012) |
|
|
|
|
Formerly Known
As : |
BHASKAR INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
6, Dwarka Sadan, Press Complex, M. P. Nagar, Bhopal - 462 011, Madhya
Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
18.11.1985 |
|
|
|
|
Com. Reg. No.: |
10-003145 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 75.330 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U67120MP1985PLC003145 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BPLB00906D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB5809M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Provider of Garments Yarns, Denim Fabrics. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 11000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. General financial position of the company seems to be sound and
healthy. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and condition. |
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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
India’s current account deficit for the fiscal third quarter ended
September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product
from $31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in
exports and moderation in gold imports. Manufacturing activity and new orders
in India showed their strongest growth in a year in February. The news comes as
a relief after data showed Asia’s third largest economy grew by a
slower-than-expected 4.7 % annually in the three months through December. The
HSBC Manufacturing Purchasing Managers’ Index which gauges the business
activity of India’s factories but not its’ utilities, rose to 52.5 in February,
its highest in a year from 51.4 in January. Overall new orders for factory
goods which rose to a one-year high of 54.9 contributed to the surge. China has
emerged as India’s biggest trading partner in the current financial year
replacing the United Arab Emirates and pushing it to the third spot.
India-China trade has reached $49.5 billion with a 8.7 % share in India’s total
trade. The US comes second at $46 billion with 8.1 % share during the first
nine months of the current financial year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs
1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s
contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The
Central Bureau of Investigation will look into allegations that over $80
million was paid in kickbacks in a deal signed in 2011. India has asked Boeing
Co. to find a solution for problems with state-owned Air India’s 787
Dreamliners. The aircraft has experienced a series of malfunctions since its
debut in 2011.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities: “BBB (SO)” |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
18.02.2014 |
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 DENIED BY
|
Name : |
Mr. Uttam Kapoor |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-755-3988884 |
|
Date : |
22.03.2014 |
LOCATIONS
|
Registered Office : |
6, Dwarka Sadan, Press Complex, M. P. Nagar, Bhopal - 462 011, Madhya
Pradesh, India |
|
Tel. No.: |
91-755-3988884 |
|
Fax No.: |
91-755-2675190 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on: 16.12.2013
|
Name : |
Mr. Ramesh Chandra Agarwal |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
E-1/79, Aera Colony, Bhopal-462 016, Madhya Pradesh, India |
|
Date of Birth/Age : |
15.06.1944 |
|
Qualification: |
Graduate |
|
Date of Appointment : |
16.01.1995 |
|
PAN No.: |
ACYPA5011F |
|
DIN No.: |
00051310 |
|
|
|
|
Name : |
Mr. Sudhir Agarwal |
|
Designation : |
Director |
|
Address : |
E-1/79, Aera Colony, Bhopal-462 016, Madhya Pradesh, India |
|
Date of Birth/Age : |
20.07.1967 |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
10.06.1994 |
|
PAN No.: |
ADBPA7951N |
|
DIN No.: |
00051407 |
|
|
|
|
Name : |
Mr. Girish Agarwal |
|
Designation : |
Director |
|
Address : |
E-1/79, Aera Colony, Bhopal-462 016, Madhya Pradesh, India |
|
Date of Birth/Age : |
10.07.1971 |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
15.06.1992 |
|
PAN No.: |
ABTPA2188D |
|
DIN No.: |
00051375 |
|
|
|
|
Name : |
Mr. Manoj Garg |
|
Designation : |
Director |
|
Address : |
Dainik Bhaskar, Raipur – 492001, Chhattisgarh, India |
|
Date of Birth/Age : |
12.07.1971 |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
16.03.2006 |
|
DIN No.: |
00809382 |
|
|
|
|
Name : |
Mr. Pramod Maheshwari |
|
Designation : |
Whole TimeDirector |
|
Address : |
65, Paras Majestic, E-8, Area Colony, Bhopal-462016, Madhya Pradesh,
India |
|
Date of Birth/Age : |
10.07.1960 |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
30.06.2009 |
|
DIN No.: |
02702158 |
|
|
|
|
Name : |
Mr. Pawan Agarwal |
|
Designation : |
Managing director |
|
Address : |
E-1/79, Arera Colony, Bhopal – 462016, Madhya Pradesh, India |
|
Date of Birth/Age : |
31.07.1974 |
|
Date of Appointment : |
06.09.2011 |
|
PAN No.: |
ABBPA7945A |
|
DIN No.: |
00465092 |
|
|
|
|
Name : |
Mr. Rajeev Chaturvedi |
|
Designation : |
Director |
|
Address : |
C-4, Chankya Puri, Kolar Road, Bhopal – 462042, Madhya Pradesh,
India |
|
Date of Appointment : |
22.02.2013 |
|
DIN No.: |
06478140 |
KEY EXECUTIVES
|
Name : |
Mrs. Snehlata Mishra |
|
Designation : |
Secretary |
|
Address : |
RB-III / 305 (C) / Railway Colony, Habibganj, Shakti Nagar, Bhopal,
Madhya Pradesh, India |
|
Date of Birth/Age : |
29.06.1989 |
|
Date of Appointment : |
10.09.2013 |
|
PAN No.: |
BXLPM2806D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 16.12.2013
|
Names of Shareholders |
|
No. of Shares |
|
Sudhir Agarwal |
|
371977 |
|
Jyoti Agarwal |
|
443027 |
|
Girish Agarwal |
|
460114 |
|
Namita Agarwal |
|
514890 |
|
Nitika Agarwal |
|
309388 |
|
Pawan Agarwal |
|
890616 |
|
Bhaskar Foods Private Limited, India |
|
143950 |
|
Bhaskar Infrastructures Private Limited, India |
|
507883 |
|
Chambal Trading Private Limited, India |
|
372263 |
|
Girish Agarwal HUF |
|
350000 |
|
Pawan Agarwal HUF |
|
125000 |
|
Sudhir Agarwal HUF |
|
510000 |
|
Ramesh Chandra Agarwal HUF |
|
173936 |
|
Laqshya Media Private Limited, India |
|
1000 |
|
|
|
|
|
Total |
|
5174044 |
|
Names of Shareholders |
|
No. of
Preference Shares |
|
Decent Industries Limited, India |
|
2360000 |
|
Laqshya Media Private Limited, India |
|
70000 |
|
|
|
|
|
Total |
|
2430000 |
Equity Share Break up (Percentage of Total Equity)
As on: 16.12.2013
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
19.81 |
|
Directors or relatives of directors |
|
80.19 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Provider of Garments Yarns, Denim Fabrics. |
||||||
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|
|
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|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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|
Bankers : |
|
||||||||||||||||||||||||
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||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Krishna Gupta and Company Chartered Accountants |
|
Address : |
105, |
|
PAN No.: |
AAEFK3347G |
|
|
|
|
Related Party: |
|
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12640000 |
Equity Shares |
Rs.10/- each |
Rs.126.400 Millions |
|
2360000 |
Preference Shares |
Rs.10/- each |
Rs.23.600 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.150.000
Millions |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5173044 |
Equity Shares |
Rs.10/- each |
Rs. 51.730 Millions
|
|
2360000 |
Preference Share |
Rs.10/- each |
Rs. 23.600
Millions |
|
|
Total |
|
Rs. 76.040 Millions |
As on: 16.12.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12540000 |
Equity Shares |
Rs.10/- each |
Rs. 125.400 Millions |
|
2460000 |
Preference Share |
Rs.10/- each |
Rs. 24.600 Millions |
|
|
Total |
|
Rs. 150.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5174044 |
Equity Shares |
Rs.10/- each |
Rs. 51.740
Millions |
|
2430000 |
Preference Share |
Rs.10/- each |
Rs. 24.300
Millions |
|
|
Total |
|
Rs. 76.040 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
75.330 |
75.330 |
75.330 |
|
(b) Reserves & Surplus |
2,686.281 |
2,343.849 |
2,167.715 |
|
(c) Money received against
share warrants |
0.710 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
2,762.321 |
2,419.179 |
2,243.045 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3,127.564 |
3,230.247 |
1,145.600 |
|
(b) Deferred tax liabilities
(Net) |
48.429 |
177.096 |
173.818 |
|
(c) Other long term
liabilities |
1,753.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
4,928.993 |
3,407.343 |
1,319.418 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1,085.871 |
1,343.841 |
1,243.152 |
|
(b) Trade payables |
517.806 |
367.758 |
342.908 |
|
(c) Other current liabilities |
263.909 |
234.093 |
233.891 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
1,867.586 |
1,945.692 |
1,819.951 |
|
|
|
|
|
|
TOTAL |
9,558.900 |
7,772.214 |
5,382.414 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1,196.646 |
1,599.905 |
1,632.381 |
|
(ii) Intangible Assets |
0.411 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
3.747 |
1.871 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
5,244.209 |
3,491.209 |
1,135.612 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
91.644 |
99.838 |
44.637 |
|
(e) Other Non-current assets |
4.497 |
4.328 |
10.821 |
|
Total
Non-Current Assets |
6,541.154 |
5,197.151 |
2,823.451 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
943.865 |
720.155 |
1,024.445 |
|
(c) Trade receivables |
1,821.451 |
1,430.651 |
1,279.073 |
|
(d) Cash and cash equivalents |
155.515 |
374.458 |
185.387 |
|
(e) Short-term loans and
advances |
96.041 |
49.799 |
70.058 |
|
(f) Other current assets |
0.874 |
0.000 |
0.000 |
|
Total
Current Assets |
3,017.746 |
2,575.063 |
2,558.963 |
|
|
|
|
|
|
TOTAL |
9,558.900 |
7,772.214 |
5,382.414 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
5769.093 |
|
|
|
Other Income |
|
|
26.149 |
|
|
|
TOTAL (A) |
8,418.751 |
8,565.272 |
5795.242 |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Consumption material changes inventories |
|
|
271.894 |
|
|
|
Manufacturing service costs |
|
|
345.006 |
|
|
|
Employee related costs |
|
|
194.990 |
|
|
|
Administrative selling other expenses |
|
|
88.354 |
|
|
|
TOTAL (B) |
7,051.419 |
7,814.274 |
900.244 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1,367.332 |
750.998 |
4894.998 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
566.011 |
142.982 |
187.970 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
801.321 |
608.016 |
4707.028 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
517.556 |
351.596 |
125.264 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
283.765 |
256.420 |
4581.764 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(58.666) |
80.286 |
141.045 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
342.431 |
176.134 |
4440.719 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
6.697 |
5.563 |
2.449 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
175.000 |
350.000 |
|
|
BALANCE CARRIED
TO THE B/S |
349.128 |
6.697 |
5.563 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
66.18 |
34.04 |
67.59 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
4.07 |
2.06 |
76.62 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.00 |
0.00 |
79.41 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.58 |
5.99 |
107.89 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.11 |
2.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.52 |
1.90 |
1.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.61 |
1.32 |
1.41 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
75.330 |
75.330 |
75.330 |
|
Reserves & Surplus |
2,167.715 |
2,343.849 |
2,686.281 |
|
Net
worth |
2,243.045 |
2,419.179 |
2,761.611 |
|
|
|
|
|
|
long-term borrowings |
1,145.600 |
3,230.247 |
3,127.564 |
|
Short term borrowings |
1,243.152 |
1,343.841 |
1,085.871 |
|
Total
borrowings |
2,388.752 |
4,574.088 |
4,213.435 |
|
Debt/Equity
ratio |
1.065 |
1.891 |
1.526 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
8,418.751 |
8,565.272 |
5,795.242 |
|
|
|
1.740 |
(32.340) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
8,418.751 |
8,565.272 |
5,795.242 |
|
Profit |
4,440.719 |
176.134 |
342.431 |
|
|
52.75% |
2.06% |
5.91% |
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 |
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10396238 |
11/03/2013 * |
195,300,000.00 |
IDBI BANK LIMITED |
6, MALVIYA NAGAR, NEAR RAJ BHAWAN, POST BAG NO. 30, BHOPAL, MADHYA PRADESH - 462003, INDIA |
B72471782 |
|
2 |
10316057 |
23/01/2012 * |
1,380,000,000.00 |
STATE BANK OF INDIA |
LHO COMPLEX, HOSHANGABAD ROAD, BHOPAL, MADHYA PRADESH - 462011, INDIA |
B33268327 |
|
3 |
10142836 |
16/02/2009 * |
64,000,000.00 |
CENTRAL BANK OF INDIA |
GTB COMPLEX, T.T.NAGAR, BHOPAL, MADHYA PRADESH - 462003, INDIA |
A59959353 |
|
4 |
10142044 |
17/03/2009 * |
46,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
A58646860 |
|
5 |
10078438 |
11/07/2008 * |
250,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
A41644048 |
|
6 |
10078498 |
02/05/2008 * |
350,000,000.00 |
CENTRAL BANK OF INDIA |
GTB COMPLEX, T. T. NAGAR, BHOPAL, MADHYA PRADESH |
A37465978 |
|
7 |
10053590 |
05/06/2007 |
162,800,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA LIMITED |
IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
A16211963 |
|
8 |
10041080 |
03/03/2008 * |
129,000,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA LIMITED |
IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
A36401578 |
|
9 |
80005564 |
03/03/2008 * |
280,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, LOCAL HEAD OFFICE PREMISES, HO |
A36407203 |
|
10 |
90209973 |
03/03/2008 * |
275,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, LOCAL HEAD OFFICE PREMISES, HOSHANGABAD ROAD, BHOPAL, MADHYA PRADESH - 462011, INDIA |
A36407377 |
* Date of charge modification
FIXED ASSETS:
·
Land and Site Development
·
Land (Free and Leasehold)
·
Building
·
Plant and Machinery
·
Office Equipments
·
Fans and Electrical Fittings
·
Furniture and Fixture
·
Vehicles
·
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. 60.10 |
|
|
1 |
Rs. 99.85 |
|
Euro |
1 |
Rs. 82.58 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Report Prepared
by : |
DPH |
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 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
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 |
|
45 |
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.