MIRA INFORM REPORT
|
Report Date : |
17.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
KUMAR ARCH TECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
D-93, Akash Co-Operative Housing Society, Near Judges Bunglow, Premchand
Nagar, Bodakdev, Vastrapur, Ahmedabad – 380 054, Gujarat |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
23.02.1998 |
|
|
|
|
Com. Reg. No.: |
04-033735 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.48.775
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36999GJ1998PTC033735 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMK02619B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCK6032C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Rigid Foam and Free Foam PVC Sheets. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 647000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The rating constrained on account of its weak financial risk profile
and low profitability margins of the company. However, trade relations are fair. Business is active. Payment terms
are 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.
INDIAN ECONOMIC OVERVIEW
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and January
of 2013/14 which has seen some signs of recovery according to a Care Ratings
report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities: B+ |
|
Rating Explanation |
Risk prone credit quality and high risk of default. |
|
Date |
August 13, 2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities: A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
August 13, 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
|
Name : |
Mr. Surendra Singh |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-294-2411908 |
|
Date : |
15.04.2014 |
LOCATIONS
|
Registered Office : |
D-93, Akash Co-Operative Housing Society, Near Judges Bunglow,
Premchand Nagar, Bodakdev, Vastrapur, Ahmedabad – 380 054, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
E-37, RIICO, Gudli Industrial Area, Gudli, Tehsil Mavli, District
Udaipur – 313 001, Rajasthan, India |
|
|
|
|
Factory 2 : |
E-92, RIICO, Gudli Industrial Area, Gudli, Tehsil Mavli, District
Udaipur – 313 001, Rajasthan, India |
|
|
|
|
Factory 3 : |
B-2, RIICO, Gudli Industrial Area, Gudli, Tehsil Mavli, District
Udaipur – 313 001, Rajasthan, India |
|
|
|
|
Branch Office 1 : |
11-A, Shubham Complex, 1st Floor, New Fatehpura, Udaipur –
313 004, Rajasthan, India |
|
Tel. No.: |
91-294-2411908, 2526488 |
|
Fax No.: |
91-294-2524334 |
|
|
|
|
Branch Office 2 : |
2nd Floor, 205, Shubham Complex, 11-A, New Fatehpura,
Udaipur – 313 004, Rajasthan, India |
|
Tel. No.: |
91-294-2411908, 2526488 |
|
Fax No.: |
91-294-2524334 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Shubham Jitendrakumar Taylia |
|
Designation : |
Director |
|
Address : |
G-1, Vinayak Apartment, 4A, New Fathepura, |
|
Date of Birth/Age : |
10.09.1989 |
|
Date of Appointment : |
12.11.2008 |
|
DIN No.: |
02416429 |
|
PAN No.: |
AGGPT0092D |
|
|
|
|
Name : |
Ms. Surbhi Jitendrakumar Taylia |
|
Designation : |
Director |
|
Address : |
50, Near Bapu Bazar, Udaipur – 313 001, Rajasthan, India |
|
Date of Birth/Age : |
12.05.1980 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
02000596 |
KEY EXECUTIVES
|
Name : |
P. Talesara and Associates |
|
Designation : |
Company Secretaries |
|
Address : |
213, |
|
Tel./ Fax No.: |
91-294-2429624,
2429694 |
|
|
|
|
Name : |
Mr. Surendra Singh |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Vijay Lal Agrawal |
|
296760 |
|
Kanta Agrawal |
|
15010 |
|
H.G. Gupta |
|
1500 |
|
Shubham Taylia |
|
472950 |
|
Surbhi Taylia |
|
346670 |
|
Shakun Agrawal |
|
75000 |
|
Tirupati Balaji Buildcon Private Limited, |
|
504500 |
|
M.M. Thermoplast Private Limited, |
|
1608500 |
|
Meenakshi Agrawal |
|
202650 |
|
Shubham Enterprises, |
|
360500 |
|
Seven Star General Trading Company, UAE |
|
604750 |
|
Cyber Infolink Private Limited, |
|
75000 |
|
J.S. Construction, |
|
47500 |
|
Ranjeet Lal Agrawal |
|
7500 |
|
j.k. Taylia |
|
28000 |
|
Madhu K. Agrawal |
|
133750 |
|
Ashok Agrawal |
|
140000 |
|
Rituraj Pipes and Plastics Private Limited, India |
|
57000 |
|
Total |
|
4977540 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
12.15 |
|
Bodies
corporate |
|
45.12 |
|
Directors
or relatives of directors |
|
27.48 |
|
Other
top fifty shareholders |
|
15.25 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Rigid Foam and Free Foam PVC Sheets. |
||||
|
|
|
||||
|
Products : |
·
Sheets ·
Doors ·
Prefabricated House |
||||
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||||
|
Exports : |
|
||||
|
Products : |
|
||||
|
Countries : |
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||||
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Imports : |
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||||
|
Countries : |
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||||
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Terms : |
|
||||
|
Selling : |
Cash and Advance |
||||
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|
||||
|
Purchasing : |
Cash and Advance |
PRODUCTION STATUS (AS ON 31.03.2011):
|
a) Capacity: * |
Unit |
Licensed/*
Registered Capacity |
Installed
Capacity** |
|
PVC Sheets and Articles made thereof |
MT |
4800 |
3000 |
* Registered
capacity denotes approval obtained from the Development Commissioner, Noida
Special Economic Zone, and Noida under "100% Export Oriented" scheme.
** As certified by
the management being technical matter.
|
Production/ |
Unit |
Unit 1st |
Unit 2nd |
Unit 3rd |
Total |
|
PVC Sheet |
MT |
397.654 |
0 |
2422.838 |
2820.492 |
|
PVC Sheet – Reject |
MT |
131.804 |
0 |
0 |
131.804 |
|
PVC Sheet – Wastage |
MT |
19.684 |
0 |
59.162 |
78.846 |
|
Re-Usable |
MT |
326.715 |
0 |
452.322 |
779.037 |
|
Door Win. and panel reject |
Sq. ft |
0 |
13313.49 |
0 |
13313.49 |
|
Door Win. and panel fin. |
Sq. ft |
0 |
9978.58 |
0 |
9978.58 |
|
PVC Doors Wastage |
KG |
0 |
8234.7 |
0 |
8234.7 |
|
Extruders |
Nos. |
0 |
1 |
0 |
1 |
|
Parts of Msc. W Pls. |
-- |
0 |
2 |
0 |
2 |
GENERAL INFORMATION
|
No. of Employees : |
50 (Approximately) |
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Bankers : |
|
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Facilities : |
Total Facilities: Rs.233.700 millions (From State Bank of Bikaner and
Jaipur)
Notes: LONG TERM
BORROWINGS # Terms of Repayment: First 4 quarterly
instalments of Rs.2.500 millions commencing from June 2011 Next 8 quarterly
instalments of Rs.3.750 millions during year 2012-13 and 2013-14 Next 12 quarterly
instalments of Rs.5.000 millions during year 2014-15, 2015-16 and 2016-17 ## EM1 of Rs.0.016
million each commencing from March 2012 SHORT TERM BORROWINGS # Secured by equitable
mortgage over the company's immovable assets, hypothecation of the present
and future stock of raw materials, plant and machineries, finished,
consumables, packing materials, spare parts and book debts, outstanding money
receivable, claims and other movable assets. The same have been guaranteed by
Shri P.V. Joshi and Shri Shubham Taylia, the Directors of the company. # Terms: Repayable on
Demand |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R.R.S. and Associates Chartered Accountants |
|
Address : |
211, Kamal Complex, Near Stadium Circle, C.G. Road, Navrangpura, Ahmedabad – 380 009, Gujarat,
India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAFFR0472A |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4977540 |
Equity Shares |
Rs.10/- each |
Rs.49.775
millions |
|
|
|
|
|
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4877540 |
Equity Shares |
Rs.10/- each |
Rs.48.775
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 |
48.775 |
48.775 |
36.275 |
|
(b) Reserves & Surplus |
93.712 |
92.789 |
49.661 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
19.150 |
6.650 |
21.620 |
|
Total
Shareholders’ Funds (1) + (2) |
161.637 |
148.214 |
107.556 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
109.764 |
118.555 |
33.769 |
|
(b) Deferred tax liabilities (Net) |
15.949 |
10.675 |
6.578 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
125.713 |
129.230 |
40.347 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
95.145 |
81.951 |
36.124 |
|
(b)
Trade payables |
37.287 |
76.719 |
52.526
|
|
(c)
Other current liabilities |
18.235 |
12.345 |
20.945
|
|
(d)
Short-term provisions |
8.071 |
10.915 |
4.219
|
|
Total
Current Liabilities (4) |
158.738 |
181.930 |
113.814 |
|
|
|
|
|
|
TOTAL |
446.088 |
459.374 |
261.717 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
225.100 |
215.334 |
55.759 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
1.883 |
0.000 |
42.023 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
5.014 |
5.083 |
0.531 |
|
(e)
Other Non-current assets |
4.559 |
3.377 |
0.004 |
|
Total
Non-Current Assets |
236.556 |
223.794 |
98.317 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
114.734 |
145.582 |
99.130
|
|
(c)
Trade receivables |
57.895 |
56.843 |
32.664
|
|
(d)
Cash and cash equivalents |
8.534 |
7.911 |
9.172
|
|
(e)
Short-term loans and advances |
20.923 |
11.344 |
14.522 |
|
(f)
Other current assets |
7.446 |
13.900 |
7.912 |
|
Total
Current Assets |
209.532 |
235.580 |
163.400 |
|
|
|
|
|
|
TOTAL |
446.088 |
459.374 |
261.717 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Gross Sales |
379.135 |
371.629 |
275.786 |
|
|
|
|
2.304 |
|
1.709 |
|
|
|
Increase/ Decrease in Stock |
|
|
12.090 |
|
|
|
TOTAL |
381.439 |
375.010 |
289.585 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
366.038 |
364.264 |
279.668 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
366.038 |
364.264 |
279.668 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
15.401 |
10.746 |
9.917 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
9.119 |
2.703 |
2.389 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
6.282 |
8.043 |
7.528 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
5.359 |
4.257 |
3.373 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
0.923 |
3.786 |
4.155 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
17.191 |
11.563 |
7.408 |
|
|
|
|
|
|
|
|
|
|
Mat Credit available (Earlier Years) |
0.000 |
1.842 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
18.114 |
17.191 |
11.563 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
62.344 |
32.295 |
24.851 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Material |
NA |
NA |
70.034 |
|
|
|
Capital Goods |
NA |
NA |
4.992 |
|
|
TOTAL IMPORTS |
NA |
NA |
75.026 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
0.19 |
0.78 |
NA |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
500.000 |
|
|
|
|
|
The above information has been parted by Mr. Surendra Singh (Accounts
Manager).
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.24
|
1.01 |
1.43
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.66
|
2.16 |
2.73
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.41
|
1.75 |
3.43
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04
|
0.05 |
0.07
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.27
|
1.35 |
0.65
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.32
|
1.29 |
1.44
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
36.275 |
48.775 |
48.775 |
|
Reserves & Surplus |
49.661 |
92.789 |
93.712 |
|
Share
Application money pending allotment |
21.62 |
6.65 |
19.15 |
|
Net worth |
107.556 |
148.214 |
161.637 |
|
|
|
|
|
|
Long-term borrowings |
33.769 |
118.555 |
109.764 |
|
Short term borrowings |
36.124 |
81.951 |
95.145 |
|
Total borrowings |
69.893 |
200.506 |
204.909 |
|
Debt/Equity ratio |
0.650 |
1.353 |
1.268 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Gross Sales |
275.786 |
371.629 |
379.135 |
|
|
|
34.753 |
2.020 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Gross Sales |
275.786 |
371.629 |
379.135 |
|
Profit |
4.155 |
3.786 |
0.923 |
|
|
1.51% |
1.02% |
0.24% |
LOCAL AGENCY FURTHER INFORMATION
Details of Current maturities:
|
Particulars |
31.03.2013 (Rs. in millions) |
31.03.2012 (Rs. in millions) |
31.03.2011 (Rs. in millions) |
|
Current maturities of
Term Loans |
15.000 |
2.500 |
0.000 |
|
Current maturities of
Vehicle Loans |
0.161 |
0.143 |
0.171 |
|
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 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) |
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 |
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 |
10184384 |
25/10/2013 * |
233,700,000.00 |
STATE BANK OF BIKANER AND
JAIPUR |
RMME, LIC BUILDING, PATEL
CIRCLE, UDAIPUR, RAJASTHAN - 313001, INDIA |
B89475404 |
|
2 |
10053641 |
21/04/2007 |
1,040,000.00 |
ICICI BANK LIMITED |
2-C, MADHUBAN, UDAIPUR,
RAJASTHAN - 313001, INDIA |
A15404361 |
* Date of charge
modification
|
Unsecured Loans |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
From Shareholder, Directors
and Relatives |
0.375 |
1.031 |
|
From Others |
41.745 |
27.198 |
|
Total
|
42.120 |
28.229 |
OPERATIONS:
During the year, the
Company has achieved turnover of Rs.379.135 millions as against turnover of Rs.371.629
millions for the year 2011-12. The company has earned profit before tax
Rs.6.254 millions during the year as compare to Profit before Tax of Rs.8.041
millions for the year 2011-12. The Directors are striving harder to achieve
better results in future.
CONTINGENT LIABILITIES:
|
Particulars |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Letter
of Credit Outstanding with Bank |
9.036 |
0.000 |
|
Bank
Guarantee issued (to
Excise department) |
1.255 |
1.255 |
FIXED ASSETS:
·
Land and Site Development
·
Leasehold Land
·
Flat
·
Air Compressor Block
·
Building
·
Cooling Mixer
·
D.G. Set
·
Computer
·
Software
·
Furniture and Fixture
·
Vehicle
·
Electric Installation
·
Office Equipment
·
Plant and Machinery
·
Tube Well
·
Trademark Registration
·
WIP - UPS
·
WIP - Building
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.60.23 |
|
UK Pound |
1 |
Rs.100.79 |
|
Euro |
1 |
Rs.83.29 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.