MIRA
INFORM REPORT
|
Report Date : |
05.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
WESTERN METAL INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
251/1A and B, Hadapsar Industrial Estate, Hadapsar, Pune-411013, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
19.04.2007 |
|
|
|
|
Com. Reg. No.: |
11-130011 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 66.600 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27200PN2007PTC130011 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACW7017L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Aluminium Circles, Sheets,
Strips, Slugs etc. |
|
|
|
|
No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 620000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. There seems some continuous dip in the profits of the company however
net worth of the company is satisfactory. General financial position of company
is normal and acceptable for business dealing. Trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. The company can be considered normal for business dealings 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 (31.03.2014) |
Current Rating (01.06.2014) |
|
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
N E W S
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift. It
highlights how as against 51 % in 2005, the emerging economies now account for
close to 56 % of the global purchasing power GDP as per the latest survey. And
with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the political and economic
development in the dragon economy and has figured out something that is quite
worrying. He is of the view that the Chinese economy could be heading toward
trouble on account of new Chinese President Xi Jingping’s very aggressive
anti-corruption drive. Chanos believes tat many things such as apartment sales,
luxury products, etc. were largely bought with dirty money. And it is now
beginning to impact consumption. This may indeed be bad news for an economy
that is struggling to transition from an investment-driven export-oriented
economy to a domestic consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets
including equities, gold, fixed deposits, G-Secs and real estate since 1991. Real
estate outperformed every other asset classes during the 23-year period with an
annualized return of 20 % ! Equities came in second with annualized return of
15.5 % ! However, while these returns may seem mouthwatering, the fact is that
the return from equities adjusted for inflation came down to just 7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = BBB- |
|
Rating Explanation |
Moderate degree of safety. It Carry Moderate
Credit Risk |
|
Date |
June 2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A3 |
|
Rating Explanation |
Moderate degree of safety. It Carry Higher
Credit Risk |
|
Date |
June 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
31-03-2014.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Dinesh |
|
Designation : |
Finance Head |
|
Contact No.: |
91-20-26870164 |
|
Date : |
02.08.2014 |
LOCATIONS
|
Registered Office / Factory : |
251/1A and B, Hadapsar Industrial Estate, Hadapsar, Pune-411013,
Maharashtra, India |
|
Tel. No.: |
91-20-26870164 / 26875054 |
|
Fax No.: |
91-20-26870464 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on: 26.09.2013
|
Name : |
Mr. Anujkumar Chandravadan Gandhi |
|
Designation : |
Managing Director |
|
Address : |
S No.586/A/B, Pitale Nagar, Salisbury Park, Pune-411037, Maharashtra,
India |
|
Date of Birth/Age : |
13.01.1954 |
|
Date of Appointment : |
19.04.2007 |
|
PAN No.: |
AAXPG6775B |
|
DIN No.: |
01418350 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of the Director/ Designated Partner |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U31909MH1994PTC082704 |
ANUDEEP ALU-CAST PRIVATE LIMITED |
Director |
14-11-94 |
14-11-94 |
- |
Active |
NO |
|
2 |
U27200PN2007PTC130011 |
WESTERN METAL INDUSTRIES PRIVATE LIMITED |
Managing director |
01-04-08 |
19-04-07 |
- |
Active |
NO |
|
Name : |
Mr. Chintan Arvind Shah |
|
Designation : |
Whole Time Director |
|
Address : |
A, 1102, Panchashil Height, Panchashil Enclave, Mahavir Enclave,
Mahavir Nagar, Kandivali, Mumbai-400067, Maharashtra, India |
|
Date of Birth/Age : |
05.12.1973 |
|
Date of Appointment : |
19.04.2007 |
|
PAN No.: |
AAGPS5763E |
|
DIN No.: |
01418405 |
|
|
|
|
Name : |
Mr. Rakesh Sureshchandra Shah |
|
Designation : |
Whole Time Director |
|
Address : |
272, Rasta Peth, Flat No.6, 3rd Floor, Pune-411011, Maharashtra,
India |
|
Date of Birth/Age : |
04.01.1966 |
|
Date of Appointment : |
19.04.2007 |
|
PAN No.: |
ACHPS8960J |
|
DIN No.: |
01621767 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of the Director/ Designated Partner |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U67120MH1994PTC083772 |
SHOBHA SECURITIES PRIVATE LIMITED |
Director |
15-12-94 |
15-12-94 |
- |
Active |
|
|
2 |
U27200PN2007PTC130011 |
WESTERN METAL INDUSTRIES PRIVATE LIMITED |
Whole-time director |
01-04-08 |
19-04-07 |
- |
Active |
NO |
|
Name : |
Mr. Hemen Kaushik Shah |
|
Designation : |
Whole Time Director |
|
Address : |
109/3, Mangal Bhuvan, C P Tank, Mumbai-400004, Maharashtra, India |
|
Date of Birth/Age : |
27.02.1972 |
|
Date of Appointment : |
19.04.2007 |
|
DIN No.: |
01682457 |
|
|
|
|
Name : |
Mr. Prashant Champaklal Shah |
|
Designation : |
Director |
|
Address : |
Flat No.413, City Park Housing Society, Pitale Nagar, Behind Hotel
Trupati Market Yard, Pune-411037, Maharashtra, India |
|
Date of Birth/Age : |
15.07.1975 |
|
Date of Appointment : |
19.04.2007 |
|
PAN No.: |
AAGPS5766B |
|
DIN No.: |
02117502 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of the Director/ Designated Partner |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U27200PN2007PTC130011 |
WESTERN METAL INDUSTRIES PRIVATE LIMITED |
Whole-time director |
01-04-08 |
19-04-07 |
- |
Active |
NO |
|
2 |
U74900PN2008PTC132945 |
APPROPRIATE ENERGY SERVICES PRIVATE LIMITED |
Director |
20-10-08 |
20-10-08 |
- |
Strike off |
NO |
|
Name : |
Mr. Vasantlal Chimanlal Shah |
|
Designation : |
Director |
|
Address : |
Y, 1102, Sacred Heart Town, Plot No.75/2/2-B, Wanowadi, Pune-411040,
Maharashtra, India |
|
Date of Birth/Age : |
21.01.1940 |
|
Date of Appointment : |
19.04.2007 |
|
DIN No.: |
02276775 |
|
|
|
|
Name : |
Mr. Vipul Vasantlal Shah |
|
Designation : |
Director |
|
Address : |
Y, 1102, Sacred Heart Town, Plot No.75/2/2-B, Wanowadi, Pune-411040,
Maharashtra, India |
|
Date of Birth/Age : |
20.11.1964 |
|
Date of Appointment : |
28.03.2008 |
|
DIN No.: |
02125616 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of the Director/ Designated Partner |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U67120MH2000PTC127069 |
PEARLS FINSTOCK PRIVATE LIMITED |
Managing director |
01-04-02 |
01-04-02 |
11-02-11 |
Active |
NO |
|
2 |
U27200PN2007PTC130011 |
WESTERN METAL INDUSTRIES PRIVATE LIMITED |
Director |
10-10-08 |
28-03-08 |
- |
Active |
NO |
|
Name : |
Mr. Jitmanyu Anuj Gandhi |
|
Designation : |
Director |
|
Address : |
S No. 586/ A/ B, Pitale Nagar, Salisbury Park, Pune-411037,
Maharashtra, India |
|
Date of Birth/Age : |
28.01.1979 |
|
Date of Appointment : |
01.06.2010 |
|
DIN No.: |
03071950 |
|
|
|
|
Name : |
Ms. Avani Nitul Parikh |
|
Designation : |
Director |
|
Address : |
12, TulsiGoulmohar, SBI Society, chkuwadi, Shimpoli, Borivali (West),
Mumbai-400092, Maharashtra, India |
|
Date of Birth/Age : |
21.07.1978 |
|
Date of Appointment : |
02.09.2011 |
|
PAN No.: |
AAVPS3260R |
|
DIN No.: |
03607086 |
|
|
|
|
Name : |
Ms Alpa Nirav Sangani |
|
Designation : |
Director |
|
Address : |
A/704, Raj Vaibhav Krupa CHS Limited, Mahavir Nagar, Kandivali (West),
Mumbai-400067, Maharashtra, India |
|
Date of Birth/Age : |
29.06.1982 |
|
Date of Appointment : |
28.09.2011 |
|
DIN No.: |
03632347 |
KEY EXECUTIVES
|
Name : |
Mr. Dinesh |
|
Designation : |
Finance Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 26.09.2013
|
Names of Shareholders |
No. of Shares |
|
Chandravandan V.
Gandhi Karta of Chandravadan V. Gandhi (HUF) |
1098000 |
|
Vasantlal C.
Shah Karta of Vasantlal Chimanlal Shah (HUF) |
669600 |
|
Prashant
Champaklal Shah Karta of Champaklal Mohanlal Shah (HUF) |
237600 |
|
Hemen K. Shah
Karta of Hemen K Shah HUF |
244800 |
|
Anuj Chandravadan Gandhi |
900000 |
|
Chintan A. Shah
Karta of Arvindkumar Mohanlal Shah HUF |
812250 |
|
Krushna Champaklal Shah |
392400 |
|
Vipul Vasantlal Shah |
59400 |
|
Hemen Kaushik Shah |
296316 |
|
Kokilaben V. Shah |
90000 |
|
Veenaben S. Shah |
90000 |
|
Prashant C. Shah |
360000 |
|
Pinky P. Shah |
92250 |
|
Renuka A. Shah |
180000 |
|
Chintan A. Shah |
90000 |
|
Vasantlal C. Shah |
263250 |
|
Alpa Nirav
Sangani J/W Avani Nitul Parikh |
541134 |
|
Veenaben Sureshchandra Shah J/W Ajay Sureshchandra Shah |
81000 |
|
Veenaben Sureshchandra Shah J/W Ajay Sureshchandra Shah |
81000 |
|
Veenaben Sureshchandra Shah J/W Ajay Sureshchandra Shah |
81000 |
|
|
|
|
TOTAL
|
6660000 |
Equity Share Break up (Percentage of Total Equity)
As on: 26.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Aluminium Circles, Sheets,
Strips, Slugs etc. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
300 (Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
Bank of Baroda (Gen Next Branch), Adams Court Opposite Mahabaleshwar Hotel, Baner Road Aundh, Pune - 411045, Maharashtra, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
RMR Shah and Company Chartered Accountants |
|
Address : |
Shop No.308/309, F Wing, Mega Centre, Hadapsar, Pune-411028,
Maharashtra, India |
|
PAN No.: |
AAJFR0709G |
|
|
|
|
Associates : |
·
Western Aluminium Industries ·
Anudeep Alu-Cast Private Limited · Mintaka |
CAPITAL STRUCTURE
As on: 26.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
Rs.10/- each |
Rs. 80.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6660000 |
Equity Shares |
Rs.10/- each |
Rs. 66.600
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 |
66.600 |
66.600 |
66.600 |
|
(b) Reserves & Surplus |
89.896 |
85.138 |
66.276 |
|
(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) |
156.496 |
151.738 |
132.876 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
153.587 |
132.978 |
91.524 |
|
(b) Deferred tax liabilities
(Net) |
3.818 |
3.382 |
4.256 |
|
(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) |
157.405 |
136.360 |
95.780 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
152.477 |
96.224 |
59.802 |
|
(b) Trade payables |
137.786 |
49.290 |
70.707 |
|
(c) Other current liabilities |
25.753 |
18.723 |
14.416 |
|
(d) Short-term provisions |
3.870 |
3.883 |
6.260 |
|
Total
Current Liabilities (4) |
319.886 |
168.120 |
151.185 |
|
|
|
|
|
|
TOTAL |
633.787 |
456.218 |
379.841 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
226.202 |
154.154 |
148.126 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
4.810 |
28.489 |
0.000 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
21.958 |
30.008 |
7.387 |
|
Total
Non-Current Assets |
252.970 |
212.651 |
155.513 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
7.281 |
6.720 |
11.259 |
|
(b) Inventories |
89.892 |
32.551 |
41.709 |
|
(c) Trade receivables |
219.256 |
161.468 |
124.070 |
|
(d) Cash and cash equivalents |
4.508 |
11.187 |
20.700 |
|
(e) Short-term loans and
advances |
52.078 |
25.957 |
23.025 |
|
(f) Other current assets |
7.802 |
5.684 |
3.565 |
|
Total
Current Assets |
380.817 |
243.567 |
224.328 |
|
|
|
|
|
|
TOTAL |
633.787 |
456.218 |
379.841 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
1207.172 |
980.157 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
1480.300 |
1207.172 |
980.157 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
1467.600 |
1118.079 |
880.150 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
Including
finance |
89.093 |
100.007 |
|
|
|
|
and deprecation |
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
30.244 |
19.329 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
58.849 |
80.678 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
25.050 |
11.452 |
|
|
|
|
|
|
|
|
|
|
Prior Period
Adjustments |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
12.700 |
33.799 |
69.226 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
4.055 |
11.010 |
23.058 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
8.645 |
22.789 |
46.168 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
92.835 |
70.105 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.30 |
3.42 |
-- |
|
The above information has been parted by Mr. Dinesh
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.58 |
1.89
|
4.71 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.01 |
7.90
|
18.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.22
|
0.52 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.96 |
1.51
|
1.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.20 |
1.45
|
1.48 |
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 |
66.600 |
66.600 |
66.600 |
|
Reserves & Surplus |
66.276 |
85.138 |
89.896 |
|
Net
worth |
132.876 |
151.738 |
156.496 |
|
|
|
|
|
|
long-term borrowings |
91.524 |
132.978 |
153.587 |
|
Short term borrowings |
59.802 |
96.224 |
152.477 |
|
Total
borrowings |
151.326 |
229.202 |
306.064 |
|
Debt/Equity
ratio |
1.139 |
1.511 |
1.956 |
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 |
980.157 |
1,207.172 |
1,480.300 |
|
|
|
23.161 |
22.625 |
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 |
980.157 |
1,207.172 |
1,480.300 |
|
Profit |
46.168 |
22.789 |
8.645 |
|
|
4.71% |
1.89% |
0.58% |
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 three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
Yes |
|
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 |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
Long term
borrowings |
|
|
|
Deposits |
7.775 |
7.877 |
|
Loans and advances from related parties |
84.397 |
66.470 |
|
|
|
|
|
Total |
92.172 |
74.347 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10383248 |
09/02/2013 * |
70,000,000.00 |
BANK OF BARODA (GEN NEXT BRANCH) |
ADAMS COURT OPP MAHABALESHWAR HOTEL, BANER ROAD AUNDH, PUNE, MAHARASHTRA - 411045, INDIA |
B70640750 |
|
2 |
10061856 |
09/02/2013 * |
298,300,000.00 |
BANK OF BARODA (GEN NEXT BRANCH) |
ADAMS COURT OPP MAHABALESHWAR HOTEL, BANER ROAD AUNDH, PUNE, MAHARASHTRA - 411045, INDIA |
B70643341 |
|
3 |
10061703 |
09/02/2013 * |
298,300,000.00 |
BANK OF BARODA (GEN NEXT BRANCH) |
ADAMS COURT OPP MAHABALESHWAR HOTEL, BANER ROAD AUNDH, PUNE, MAHARASHTRA - 411045, INDIA |
B70642749 |
* Date of charge modification
FIXED ASSETS
·
Land
·
Building
·
Plant and Machinery
·
Computers
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Electric Fitting and Fixture
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. 61.01 |
|
|
1 |
Rs. 102.69 |
|
Euro |
1 |
Rs. 81.90 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIV |
|
|
|
|
Analysis Done by
: |
HET |
|
|
|
|
Report Prepared
by : |
ASH |
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 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.