MIRA
INFORM REPORT
|
Report Date : |
08.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
MANTRI METALLICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
F 10-1, MIDC Industrial Estate, Shiroli, |
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Country : |
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|
Financials (as
on) : |
31.03.2013 |
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|
Date of
Incorporation : |
31.07.1995 |
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|
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|
Com. Reg. No.: |
11-091232 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs.37.192 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28920PN1995PTC091232 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
KLPM01827A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM7851P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
Manufacturer, Exporter and Importers of Cast Iron Automotive
Components. |
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|
|
|
No. of Employees
: |
5000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (22) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
=Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track record. The rating is consideration on account of company’s weak financial risk
profile marked by stretched liquidity profile and declining in net
profitability of the company during financial year 21013. Business is active. Payment terms are slow. The company can be considered for business dealing on safe and secured
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 – June 1, 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 |
ICRA |
|
Rating |
Term Loan = C |
|
Rating Explanation |
Poor credit quality and limited prospects of recovery |
|
Date |
February, 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non-Fund Based Limits = A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
February, 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
|
Name : |
Mr. Sandeep Gurav |
|
Designation : |
Assistant Account Manager |
|
Contact No.: |
91-230-2469065 |
|
Date : |
07.08.2014 |
LOCATIONS
|
Registered Office / Factory 1 : |
F 10-1, MIDC Industrial Estate, Shiroli, Kolhapur – 416122,
Maharashtra, India |
|
Tel. No.: |
91-230-2469065/2469075 |
|
Mobile No.: |
91-9049006015 (Mr. Niteen Munde) |
|
Fax No.: |
91-230-2466164 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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|
|
|
Factory 2 : |
Plot No. 31, Sector 11. I.I.E.-Sidcul, Tata Vendor Park, Rudrapur, U. S. Nagar, Pantnagar – 253153, Uttarakhand, India |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Purushottam Kanhaiyalal Mantri |
|
Designation : |
Managing director |
|
Address : |
Venkatesh 45A, Shivaji Park, Kolhapur – 416001, Maharashtra, India |
|
Date of Birth/Age : |
03.04.1947 |
|
Date of Appointment : |
31.07.1995 |
|
DIN No.: |
00172526 |
|
PAN No.: |
AICPM7308P |
|
|
|
|
Name : |
Mr. Prasad Purushottam Mantri |
|
Designation : |
Director |
|
Address : |
Venkatesh 45A, Shivaji Park, Kolhapur – 416001, Maharashtra, India |
|
Date of Birth/Age : |
11.10.1978 |
|
Date of Appointment : |
01.12.2004 |
|
DIN No.: |
00172582 |
|
PAN No.: |
ABKPM4866D |
|
|
|
|
Name : |
Mr. Vijaykumar Madanlal Nawandhar |
|
Designation : |
Director |
|
Address : |
Pujari Plot No. 35, Narayani Vishrambaug, Sangli, Kolhapur – 416416, Maharashtra, India |
|
Date of Birth/Age : |
21.10.1958 |
|
Date of Appointment : |
26.04.2010 |
|
DIN No.: |
00218197 |
|
|
|
|
Name : |
Mr. Shaji Varghese |
|
Designation : |
Additional director |
|
Address : |
A 702, 7th Floor, Aster Evershine Park, Andheri, Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
15.12.1970 |
|
Date of Appointment : |
10.11.2010 |
|
DIN No.: |
03081298 |
KEY EXECUTIVES
|
Name : |
Mr. Sandeep Gurav |
|
Designation : |
Assistant Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Purushottam Kanhaiyalal Mantri |
|
1519077 |
|
Purushottam Kanhaiyalal Mantri (HUF) |
|
24000 |
|
Sarala Purushottam Mantri |
|
199000 |
|
Pooja Purushottam Mantri |
|
7000 |
|
Prasad Purushottam Mantri |
|
498710 |
|
Sitaram Kanhaiyalal Mantri |
|
41000 |
|
Shruti Prasad Mantri |
|
203050 |
|
BTS Pricate Equity Fund Limited, Mauritius |
|
1227329 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
33.00 |
|
Directors or relatives of Directors |
67.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Cast Iron Automotive Components. |
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Products : |
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Exports : |
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Products : |
Cast Iron Automotive Components |
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Countries : |
·
US ·
Europe ·
Germany ·
Italy ·
France |
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Imports : |
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Products : |
Raw Material |
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Countries : |
Europe |
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Terms : |
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Selling : |
Cash / Credit |
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Purchasing : |
Cash / Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
5000 (Approximately) |
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Bankers : |
State Bank of India, MIDC Industrial Estate, Shiroli Branch, Shiroli,
Kolhapur – 416122, Maharashtra, India |
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Facilities : |
(Rs.
In Millions)
|
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Banking
Relations : |
--- |
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|
Financial Institute : |
Tata Capital Limited, One Forbes, Dr. V B Gandhi Marg, Fort, Mumbai –
400001, Maharashtra, India |
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|
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Auditors : |
|
|
Name : |
B S R and Company Chartered Accountants |
|
Address : |
1st Floor,
Lodha, Excelus Apollo Mill Compound, N M Joshi Marg, Mahalaxmi Mumbai,
Maharashtra, India |
|
PAN No.: |
AAIFB0630K |
|
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|
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Key Management
Personnel : |
·
S.P.M. Engineering ·
Mantri Autocast |
|
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|
|
Others : |
BTS India Private Equity Fund Limited |
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Subsidiary Company
: |
Mantri Aprotech Powertrain Private Limited |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
2000000 |
6.5% Cumulative Convertible Preference Shares |
Rs.100/- each |
Rs.200.000 Millions |
|
|
Total |
|
Rs.300.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3719179 |
Equity Shares |
Rs.10/- each |
Rs.37.192 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 |
37.192 |
37.192 |
224.919 |
|
(b) Reserves & Surplus |
394.580 |
383.408 |
116.947 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
30.000 |
30.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
461.772 |
450.600 |
341.866 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
329.188 |
439.259 |
355.615 |
|
(b) Deferred tax liabilities (Net) |
88.870 |
76.652 |
43.791 |
|
(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) |
418.058 |
515.911 |
399.406 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
459.234 |
347.894 |
298.537 |
|
(b) Trade payables |
416.341 |
373.111 |
281.392 |
|
(c) Other current
liabilities |
200.571 |
187.222 |
156.946 |
|
(d) Short-term provisions |
8.870 |
16.861 |
19.302 |
|
Total Current Liabilities (4) |
1085.016 |
925.088 |
756.177 |
|
|
|
|
|
|
TOTAL |
1964.846 |
1891.599 |
1497.449 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
921.975 |
906.281 |
688.518 |
|
(ii) Intangible Assets |
1.829 |
2.343 |
1.867 |
|
(iii) Capital
work-in-progress |
4.861 |
4.929 |
28.874 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.563 |
0.053 |
0.052 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
88.683 |
94.046 |
79.580 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1017.911 |
1007.652 |
798.891 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
289.553 |
259.779 |
255.166 |
|
(c) Trade receivables |
494.901 |
495.450 |
329.473 |
|
(d) Cash and cash
equivalents |
37.394 |
28.675 |
24.001 |
|
(e) Short-term loans and advances |
120.638 |
97.548 |
88.927 |
|
(f) Other current assets |
4.449 |
2.495 |
0.991 |
|
Total Current Assets |
946.935 |
883.947 |
698.558 |
|
|
|
|
|
|
TOTAL |
1964.846 |
1891.599 |
1497.449 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
2797.340 |
2756.126 |
2036.136 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
NA |
NA |
NA |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
242.056 |
296.626 |
226.412 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
131.068 |
114.543 |
89.980 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
110.988 |
182.083 |
136.432 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
86.592 |
69.564 |
57.281 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
24.396 |
112.519 |
79.151 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
13.224 |
33.785 |
28.375 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
11.172 |
78.734 |
50.776 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
195.681 |
116.947 |
66.171 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
206.853 |
195.681 |
116.947 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods on F.O.B. basis |
729.012 |
594.178 |
444.694 |
|
|
TOTAL EARNINGS |
729.012 |
594.178 |
444.694 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
109.801 |
73.665 |
27.942 |
|
|
|
Stores & Spares |
18.000 |
12.347 |
16.800 |
|
|
TOTAL IMPORTS |
127.801 |
86.012 |
44.742 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.00 |
21.17 |
14.29 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
2270.000 |
|
|
|
|
|
The above information has been parted by Mr. Sandeep Gurav
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.25
|
5.96 |
5.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
0.25 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.71
|
1.75 |
1.91 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.87
|
0.96 |
0.92 |
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 |
224.919 |
37.192 |
37.192 |
|
Reserves & Surplus |
116.947 |
383.408 |
394.580 |
|
Share Application money
pending allotment |
0.000 |
30.000 |
30.000 |
|
Net
worth |
341.866 |
450.600 |
461.772 |
|
|
|
|
|
|
long-term borrowings |
355.615 |
439.259 |
329.188 |
|
Short term borrowings |
298.537 |
347.894 |
459.234 |
|
Total
borrowings |
654.152 |
787.153 |
788.422 |
|
Debt/Equity
ratio |
1.913 |
1.747 |
1.707 |
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 |
2036.136 |
2756.126 |
2797.340 |
|
|
|
35.361 |
1.495 |
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 |
2036.136 |
2756.126 |
2797.340 |
|
Profit |
50.776 |
78.734 |
11.172 |
|
|
2.49% |
2.86% |
0.40% |
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) |
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 |
BACKGROUND
Subject was incorporated in 1995. Manufactures cast iron automotive components like Flywheel Assemblies, Brake Drums, Exhaust Manifolds, Housings and Plates. The Company has three manufacturing plants at Shiroli, Kagal and Pantnagar.
OPERATIONS:
During the year, the company recorded sales of Rs.2797.340 Millions as against Rs. 2756.126 Millions, an increase of 1.48%. Profit Before Tax stood at Rs.24.396 Millions as against PBT of Rs.112.519 Millions, a decrease of 78.4% in profit while compared to previous year. The production during the year was 29,557 MT, compared to the previous of 28,388 MT.
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
Long-term
borrowings |
|
|
|
Deferred sales tax loan |
11.678 |
13.517 |
|
Other loans and advances |
6.937 |
10.309 |
|
Total |
18.615 |
23.826 |
|
|
|
|
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10459931 |
31/10/2013 |
16,359,313.00 |
INTEC CAPITAL LIMITED |
701,MANJUSHA, 57 NEHRU PLACE, NEW DELHI, DELHI - 110019, INDIA |
B89432397 |
|
2 |
10354404 |
21/01/2011 |
100,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL ESTATE BRANCH, SHIROLI MIDC, TALUKA HATKANGALE, KOLHAPUR, MAHARASHTRA - 416122, INDIA |
B33836727 |
|
3 |
10354407 |
21/01/2011 |
220,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL ESTATE BRANCH, SHIROLI MIDC, TALUKA HATKANGALE, KOLHAPUR, MAHARASHTRA - 416122, INDIA |
B33837808 |
|
4 |
10215360 |
27/03/2010 |
20,879,783.00 |
ELECTRONICA FINANCE LIMITED |
128/A, PLOT NO.3, KAILASHCHANDRA APPARTMENTS,, PAUD ROAD, KOTHRUD, PUNE, MAHARASHTRA - 411038, INDIA |
A84118793 |
|
5 |
10113889 |
12/07/2008 |
76,000,000.00 |
STATE BANK OF INDIA |
SPECIAL SSI BRANCH, M.I.D.C AREA, SHIROLI, KOLHAPUR, MAHARASHTRA - 416122, INDIA |
A42287847 |
|
6 |
10189590 |
20/11/2013 * |
215,000,000.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B92775816 |
|
7 |
10082418 |
21/08/2007 |
8,300,000.00 |
STATE BANK OF INDIA |
MIDC INDUSTRIAL ESTATE SHIROLI BRANCH, SHIROLI, |
A29790946 |
|
8 |
10088538 |
21/08/2007 |
8,600,000.00 |
STATE BANK OF INDIA |
MIDC INDUSTRIAL ESTATE SHIROLI BRANCH, SHIROLI, |
A29790920 |
|
9 |
10087157 |
21/08/2007 |
180,000,000.00 |
STATE BANK OF INDIA |
MIDC INDUSTRIAL ESTATE SHIROLI BRANCH, SHIROLI, |
A29790862 |
|
10 |
10056094 |
02/08/2013 * |
1,052,300,000.00 |
STATE BANK OF INDIA |
BRANCH AT: MIDC AREA SHIROLI, MIDC INDUSTRIAL ESTATE, SHIROLI, KOLHAPUR, MAHARASHTRA - 416122, INDIA |
B84258425 |
|
11 |
10037037 |
19/01/2007 |
23,800,000.00 |
STATE BANK OF INDIA |
MIDC INDUSTRIAL ESTATE SHIROLI BRANCH, SHIROLI, |
A10391241 |
|
12 |
10036867 |
19/01/2007 |
24,700,000.00 |
STATE BANK OF INDIA |
MIDC INDUSTRIAL ESTATE SHIROLI BRANCH, SHIROLI, |
A10391266 |
|
13 |
10062274 |
22/08/2013 * |
108,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL ESTATE BRANCH, MIDC, SHIROLI, KOLHAPUR, MAHARASHTRA - 416122, INDIA |
B84708080 |
|
14 |
90093370 |
23/10/2005 |
10,000,000.00 |
STATE BANK OF INDIA |
BRANCH M.I.D.C. SHIROLI, KOLHAPUR, MAHARASHTRA, INDIA |
- |
|
15 |
90092924 |
17/12/2004 |
12,600,000.00 |
STATE BANK OF INDIA |
MIDC INDUSTRIAL ESTATE SHIROLI BRANCH, SHIROLI, |
- |
|
16 |
90082959 |
03/09/2004 |
16,300,000.00 |
STATE BANK OF INDIA |
MIDC INDUSTRIAL ESTATE SHIROLI BRANCH, SHIROLI, |
- |
|
17 |
90088820 |
18/08/2005 * |
16,300,000.00 |
STATE BANK OF INDIA |
SHIROLI MIDC BRANCH, KOLHAPUR, MAHARASHTRA, INDIA |
- |
|
18 |
90088717 |
06/02/2004 |
6,600,000.00 |
STATE BANK OF INDIA |
MIDC INDUSTRIAL ESTATE SHIROLI BRANCH, SHIROLI, |
- |
|
19 |
90082594 |
31/08/1999 |
9,700,000.00 |
STATE BANK OF INDIA |
MIDC INDUSTRIAL ESTATE SHIROLI BRANCH, SHIROLI, |
- |
|
20 |
90082567 |
31/03/1999 |
3,200,000.00 |
STATE BANK OF INDIA |
UDYAMNAGAR INDUSTRIAL ESTATE BRANCH, KOLHAPUR, MAHARASHTRA, INDIA |
- |
|
21 |
90087942 |
15/02/2012 * |
530,000,000.00 |
STATE BANK OF INDIA |
SPECIAL SSI BRANCH, MIDC AREA, SHIROLI, KOLHAPUR, |
B33928268 |
|
22 |
90090246 |
23/03/1998 * |
3,400,000.00 |
STATE BANK OF INDIA |
MIDC INDUSTRIAL ESTATE SHIROLI BRANCH, SHIROLI, |
- |
* Date of charge modification
FIXED ASSETS
· Software
· Freehold Land
· Leasehold Land
· Building
· Plant and Machinery
· Electrical Installations
· Furniture and Fixtures
· Computer
· 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.61.41 |
|
|
1 |
Rs.103.42 |
|
Euro |
1 |
Rs.82.17 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
22 |
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.