MIRA INFORM REPORT
|
Report Date : |
21.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
ORIENTAL CONTAINERS LIMITED (w.e.f. 17.05.2006) |
|
|
|
|
Formerly Known
As : |
ORICON PACKAGING LIMITED |
|
|
|
|
Registered
Office : |
1076, Dr. E. Moses Road, Worli , Mumbai – 400018, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
13.02.2006 |
|
|
|
|
Com. Reg. No.: |
11-159687 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 108.208 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28992MH2006PLC159687 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMO04068B / MUMO03131C / BLRO00968C / BLRO00686A / BLRO00969D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACO8122G |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Packaging Products. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 5400000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a fine track record. Financial position of the company seems to be sound. Trade relations are reported to be fair. Business is active. Payments
terms are reported to be regular. The company can be considered for normal 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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
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 |
CRISIL |
|
Rating |
Long term rating: “BBB+” |
|
Rating Explanation |
Have moderate degree of safety and carry
moderate credit risk. |
|
Date |
22.08.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: “A2” |
|
Rating Explanation |
Have strong degree of safety and carry low
credit risk. |
|
Date |
22.08.2013 |
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. Virendra Malpani |
|
Designation : |
Account Manager |
|
Contact No.: |
91-22-24964656 |
|
Date : |
21.04.2014 |
LOCATIONS
|
Registered Office / Head Office : |
Parijat House, 1076, Dr. E. Moses Road, P. B. 6584, Worli , Mumbai –
400018, Maharashtra, India |
|
Tel. No.: |
91-22-24964656/ 60/ 24925581/ 82/ 24954484 |
|
Fax No.: |
91-22-24963055/ 24950314 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
Plot No. 327 - 332, Kundiam Industrial Estate, Kundiam, Goa – 403115,
India |
|
|
|
|
Factory 2 : |
A-1, MIDC, Industrial Area, Murbad, District - Thane, Maharashtra,
India |
DIRECTORS
As on: 21.09.2013
|
Name : |
Mr. Richard Foyston |
|
Designation : |
Director |
|
Address : |
76, Lorong Setiabstari, Damansara Heights, Kualalumpur – 50490,
Malaysia |
|
Date of Birth/Age : |
14.01.1958 |
|
Qualification : |
B Com, MBA, Canadian CA |
|
Date of Appointment : |
27.09.2006 |
|
DIN No.: |
01089445 |
|
|
|
|
Name : |
Mr. Bruno Seghin |
|
Designation : |
Director |
|
Address : |
Apt A 1, River Apartment, 4 South Bay Road, Repulse Road, Hongkong |
|
Date of Birth/Age : |
07.05.1957 |
|
Qualification : |
Law and MBA |
|
Date of Appointment : |
27.09.2006 |
|
DIN No.: |
00740866 |
|
|
|
|
Name : |
Mr. Rajendra Somani |
|
Designation : |
Managing Director |
|
Address : |
Sreeninetan 5th Floor, 86-A, |
|
Date of Birth/Age : |
18.02.1948 |
|
Qualification : |
Mechanical Engineer |
|
Date of Appointment : |
13.02.2006 |
|
PAN No.: |
AACPS9645M |
|
DIN No.: |
00332465 |
|
|
|
|
Name : |
Mr. Balkishan Udairam Toshniwal |
|
Designation : |
Whole Time Director |
|
Address : |
G -5, Satyanaryan Bhavan, Dr. R G Thadani Marg, Worli, Mumbai –
400018, Maharashtra, India |
|
Date of Birth/Age : |
22.01.1951 |
|
Qualification : |
BCOM, FCS |
|
Date of Appointment : |
13.02.2006 |
|
PAN No.: |
AABPT4902D |
|
DIN No.: |
00048019 |
|
|
|
|
Name : |
Mr. Rajendran Ayadurai |
|
Designation : |
Director |
|
Address : |
BA, 13A – 2, Mont Kiara 10, Ajalan Kiara – I, Kualalumpur – 50480,
Malaysia |
|
Date of Birth/Age : |
23.09.1961 |
|
Qualification : |
MBA |
|
Date of Appointment : |
16.01.2008 |
|
DIN No.: |
02032283 |
|
|
|
|
Name : |
Mr. Shrikant Malpani |
|
Designation : |
Executive Director |
|
Address : |
B-501, Osho Tower Osho, Dhara Residency, Kalyan (West), Thane –
421301, Maharashtra, India |
|
Date of Birth/Age : |
02.10.1970 |
|
Qualification : |
BE Mechanical engineer |
|
Date of Appointment : |
15.10.2012 |
|
PAN No.: |
ALAPM5627Q |
|
DIN No.: |
06404428 |
|
|
|
|
Name : |
Mr. Sudeep Singh |
|
Designation : |
Director |
|
Address : |
S-1, Raj Garden, Khadpaband, Ponda – 403401, Goa, India |
|
Date of Birth/Age : |
17.03.1964 |
|
Qualification : |
Post Graduate Plastic Engineer |
|
Date of Appointment : |
15.10.2012 |
|
PAN No.: |
AHCPS2178L |
|
DIN No.: |
06404439 |
KEY EXECUTIVES
|
Name : |
Mr. Virendra Malpani |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 21.09.2013
|
Names of Shareholders |
No. of Shares |
|
Oricon Enterprises Limited, India |
3246186 |
|
Rajendra Somani |
1 |
|
Surendra Somani |
1 |
|
V.N. Khanna |
1 |
|
B.K. Toshniwal |
1 |
|
Sanjay Jain |
1 |
|
B.M. Gaggar |
1 |
|
OC Holdings Limited, Mauritius |
7574644 |
|
|
|
|
TOTAL
|
10820836 |
Equity Share Break up (Percentage of Total Equity)
As on: 21.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
70.00 |
|
Bodies corporate |
|
30.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Packaging Products. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS (AS ON : 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Closures |
In Thousands |
14306000 |
7312920 |
|
Tubes |
In Thousands |
120000 |
56304 |
NOTE
Installed capacity is as certified by the management
and has not been verified by auditors, as it is a technical matter.
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||
|
|
|
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|
Bankers : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
BSR and Company Chartered Accountants |
|
Address : |
Lodha Excelus, 1st Floor Apollo Mills Compound N M Joshi Marg Mahalaxmi Mumbai- 400011, Maharashtra, India |
|
PAN No.: |
AAIFB0630K |
|
|
|
|
Holding Company : |
·
Oricon Holdings Limited, Mauritius |
|
|
|
|
Parties over which directors exercise significant influence : |
·
Oricon Enterprises Limited (OEL) CIN No.:- L28100MH1968PLC014156
|
CAPITAL STRUCTURE
As on: 21.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs. 250.000 Millions |
|
75000000 |
Preference Shares |
Rs.10/- each |
Rs. 750.000 Millions |
|
|
TOTAL |
|
Rs.
1000.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10820836 |
Equity Shares |
Rs.10/- each |
Rs. 108.208
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 |
108.208 |
108.208 |
108.208 |
|
(b) Reserves & Surplus |
1,257.572 |
1,231.231 |
1,164.114 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1,365.780 |
1,339.439 |
1,272.322 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
297.291 |
307.485 |
348.476 |
|
(b) Deferred tax liabilities
(Net) |
140.885 |
127.641 |
101.525 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
43.172 |
33.969 |
40.906 |
|
Total
Non-current Liabilities (3) |
481.348 |
469.095 |
490.907 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
783.063 |
550.475 |
523.649 |
|
(b) Trade payables |
484.087 |
336.997 |
405.891 |
|
(c) Other current liabilities |
178.189 |
131.201 |
113.406 |
|
(d) Short-term provisions |
16.703 |
17.515 |
16.824 |
|
Total
Current Liabilities (4) |
1,462.042 |
1,036.188 |
1,059.770 |
|
|
|
|
|
|
TOTAL |
3,309.170 |
2,844.722 |
2,822.999 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1,712.593 |
1,553.225 |
1,462.176 |
|
(ii) Intangible Assets |
7.357 |
9.258 |
11.160 |
|
(iii) Capital work-in-progress |
12.790 |
8.477 |
126.527 |
|
(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 |
21.993 |
15.281 |
14.874 |
|
(e) Other Non-current assets |
0.430 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
1,755.163 |
1,586.241 |
1,614.737 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
599.328 |
465.181 |
542.922 |
|
(c) Trade receivables |
721.061 |
596.682 |
440.785 |
|
(d) Cash and cash equivalents |
42.644 |
26.794 |
38.571 |
|
(e) Short-term loans and
advances |
190.974 |
169.824 |
185.984 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1,554.007 |
1,258.481 |
1,208.262 |
|
|
|
|
|
|
TOTAL |
3,309.170 |
2,844.722 |
2,822.999 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
3,018.080 |
2,798.150 |
2,445.528 |
|
|
Other Income |
23.756 |
30.952 |
18.507 |
|
|
TOTAL
(A) |
3,041.836 |
2,829.102 |
2,464.035 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
2,010.345 |
1,887.882 |
1,653.837 |
|
|
Purchases of Stock-in-Trade |
0.111 |
1.209 |
0.050 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.052 |
(51.383) |
(78.395) |
|
|
Employees benefits expense |
235.464 |
187.029 |
160.507 |
|
|
Other expenses |
525.176 |
489.932 |
417.465 |
|
|
TOTAL
(B) |
2,771.148 |
2,514.669 |
2,153.464 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
270.688 |
314.433 |
310.571 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
75.012 |
74.587 |
56.801 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
195.676 |
239.846 |
253.770 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
150.585 |
134.113 |
116.897 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
45.091 |
105.733 |
136.873 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
18.750 |
38.616 |
50.092 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
26.341 |
67.117 |
86.781 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD (K) |
288.188 |
221.071 |
134.290 |
|
|
|
|
|
|
|
|
BALANCE
CARRIED TO THE B/S |
314.529 |
288.188 |
221.071 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
2.43 |
6.20 |
8.36 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.87 |
2.37 |
3.52 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.49 |
3.78 |
5.60 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.37 |
3.73 |
5.08 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.08 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.79 |
0.65 |
0.69 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.06 |
1.21 |
1.14 |
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 |
108.208 |
108.208 |
108.208 |
|
Reserves & Surplus |
1,164.114 |
1,231.231 |
1,257.572 |
|
Net
worth |
1,272.322 |
1,339.439 |
1,365.780 |
|
|
|
|
|
|
long-term borrowings |
348.476 |
307.485 |
297.291 |
|
Short term borrowings |
523.649 |
550.475 |
783.063 |
|
Total
borrowings |
872.125 |
857.960 |
1,080.354 |
|
Debt/Equity
ratio |
0.685 |
0.641 |
0.791 |
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 |
2,445.528 |
2,798.150 |
3,018.080 |
|
|
|
14.419 |
7.860 |
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 |
2,445.528 |
2,798.150 |
3,018.080 |
|
Profit |
86.781 |
67.117 |
26.341 |
|
|
3.55% |
2.40% |
0.87% |
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 |
Yes |
|
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 |
OPERATIONS
The net sales and other income for the year were Rs. 30.418 millions as against Rs. 28.291 millions in the previous financial year. The net profit for the year is Rs. 0.263 million as against Rs. 0.671 million in the previous financial year.
UNSECURED LOAN
(Rs. In Millions)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
Short term
borrowings |
|
|
|
Loans and advances from others |
0.000 |
14.900 |
|
|
|
|
|
Total |
0.000 |
14.900 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10390964 |
25/01/2014 * |
250,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA |
B95058194 |
|
2 |
10317181 |
20/10/2011 |
700,000.00 |
PUNJAB NATIONAL BANK |
SHIV E NUMB, DR ANNIE BESANT ROAD, WORLI, MUMBAI, |
B25128489 |
|
3 |
10201728 |
07/01/2011 * |
50,000,000.00 |
PUNJAB NATIONAL BANK |
DR ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA |
B04548020 |
|
4 |
10201727 |
07/01/2011 * |
100,000,000.00 |
PUNJAB NATIONAL BANK |
DR ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA |
B04744066 |
|
5 |
10201798 |
07/01/2011 * |
100,000,000.00 |
PUNJAB NATIONAL BANK |
DR ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA |
B04547758 |
|
6 |
10134684 |
02/01/2014 * |
1,200,000,000.00 |
CENTRAL BANK OF INDIA |
CORPORATE FINANCE BRANCH,, MMO BUILDING, 1ST FLOOR, M. G. ROAD, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
B94755964 |
* Date of charge modification
FIXED ASSETS
- License Fee
- Goodwill
- Leasehold Land
- Factory Buildings
- Residential Flats
- Plant and Machinery
- Electric Installations
- Office Equipments
- Computer
- Furniture and Fixtures
- Vehicles
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. 60.34 |
|
|
1 |
Rs. 101.41 |
|
Euro |
1 |
Rs. 83.38 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
54 |
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.