MIRA
INFORM REPORT
|
Report Date : |
08.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
MICROMATIC GRINDING TECHNOLOGIES LIMITED (w.e.f.20.10.1997) |
|
|
|
|
Formerly Known
As : |
PARISHUDH SADHAN YANTRA LIMITED |
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|
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Registered
Office : |
301, Vikas Deep, Laxmi Nagar, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
31.03.1982 |
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|
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Com. Reg. No.: |
55-042422 |
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|
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Capital Investment
/ Paid-up Capital : |
Rs.9.290
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1982LC042422 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MRTM01100B |
|
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|
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PAN No.: [Permanent Account No.] |
AAACM9654P |
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|
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufactures a wide range of External, Internal, Universal and special
purpose cylindrical grinders in CNC, PLC and Hydraulic versions to the exacting
requirements. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (35) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1300000 |
|
|
|
|
Status : |
Moderate |
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|
|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. The company possesses a modest financial profile marked by modest
networth bas as well as realization, leading to moderate accrued payables
along with deterioration in cash reserves supported by comfortable capital
structure and gearing as on March 2014. Management has reported a slight dip in its revenue as well as margins
during FY 14, which is further susceptible to risk emanating from cyclical
trends in the auto industry and adverse movements in raw material prices. However, trade relations are seems to be fair. Business is active.
Payment terms are reported as slow but correct. In view of successful foreign technology collaborations, the company can
be considered for business dealings 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.
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 |
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Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
NEWS
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 loans = BB |
|
Rating Explanation |
Inadequate credit quality and high credit risk. |
|
Date |
June, 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non Fund Based Limits = A4 |
|
Rating Explanation |
Minimal degree of safety and high 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 DENIED
Management Non-Cooperative
Contact No.: 91-120-2712137
LOCATIONS
|
Registered Office : |
301, Vikas Deep, Laxmi Nagar, District Center, New Delhi – 110092,
India |
|
Tel. No.: |
91-11-22026874/ 22414232 |
|
Fax No.: |
Not Available |
|
E-Mail : |
micromaticgrindingtechnologies@hotmail.com |
|
Website : |
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Factory 1: |
MGT
Ghaziabad C-27/ C-28, Meerut Road, Industrial Area,
Ghaziabad - 201003, Uttar Pradesh, India |
|
Tel. No.: |
91-120-2712137/ 69/ 79/ 2723216 |
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Fax No.: |
91-121-2717823 |
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Factory 2: |
C-40/1, |
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Factory 3: |
MGT Bangalore 5/A, Servey No.74, 103, 106, 107, KIADB Industrial Area, Dobaspet, Nelamangala
Tuluk, Bangalore - 562111, Karnataka, India |
|
Tel. No.: |
91-80-27735383/ 85/ 86/ 87/ 27702449 |
|
Fax No.: |
91-80-27735384 |
DIRECTORS
AS ON 28.09.2013
|
Name : |
Mr. Narendra Kumar Dhand |
|
Designation : |
Chairman Cum Managing Director |
|
Address : |
R-5-58, Raj Nagar, Ghaziabad – 201002, Uttar Pradesh, India |
|
Date of Birth/Age : |
09.09.1943 |
|
Qualification: |
B. Tech |
|
Date of Appointment : |
01.08.2008 |
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PAN No.: |
ABFPD6577M |
|
Email : |
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DIN No.: |
00379502 |
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|
|
|
Name : |
Mr. Jagdish Pal Malik |
|
Designation : |
Whole-time director |
|
Address : |
201 Sun Breeze Apartment, Vaishali Sector – 4, Ghaziabad – 201010,
Uttar Pradesh, India |
|
Date of Birth/Age : |
03.02.1978 |
|
Date of Appointment : |
01.01.2008 |
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DIN No.: |
01990286 |
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Name : |
Mrs. Neelam Dhand |
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Designation : |
Whole Time Director |
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Address : |
R-5-58, Raj Nagar, Ghaziabad – 201002, Uttar Pradesh, India |
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Date of Birth/Age : |
17.08.1950 |
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Qualification: |
Graduate |
|
Date of Appointment : |
01.08.2008 |
|
PAN No.: |
ABFPD6578E |
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Email : |
|
|
DIN No.: |
00358572 |
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|
|
|
Name : |
Mr. Kapil Dhand |
|
Designation : |
Whole Time Director |
|
Address : |
R-5-58, Raj Nagar, Ghaziabad – 201002, Uttar Pradesh, India |
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Date of Birth/Age : |
03.02.1978 |
|
Qualification: |
B. Tech |
|
Date of Appointment : |
05.10.2005 |
|
PAN No.: |
ABFPD6579F |
|
Email : |
|
|
DIN No.: |
00390692 |
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|
|
|
Name : |
Mr. Sidhartha Dhand |
|
Designation : |
Whole Time Director |
|
Address : |
R-5-58, Raj Nagar, Ghaziabad – 201002, Uttar Pradesh, India |
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Date of Birth/Age : |
22.11.1972 |
|
Qualification: |
Graduate |
|
Date of Appointment : |
05.10.2005 |
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PAN No.: |
ABGPD0374B |
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Email : |
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DIN No.: |
00390761 |
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|
Name : |
Mr. Pradeep Dinodia |
|
Designation : |
Director |
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Address : |
A-9 A, Maharani Bagh, |
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Date of Birth/Age : |
02.12.1953 |
|
Qualification: |
Chartered Accountant |
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Date of Appointment : |
24.01.2005 |
|
Email : |
|
|
DIN No.: |
00027995 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
App-Tech Machines Private Limited, India |
|
689200 |
|
Narendra Kumar Dhand |
|
56200 |
|
Neelam Dhand |
|
56200 |
|
Sidhartha Dhand |
|
56200 |
|
Kapil Dhand |
|
56200 |
|
Ramesh Kumar Mahajan |
|
5000 |
|
Shiv Kumar Dujari |
|
5000 |
|
Chandra Kanta Dujari |
|
5000 |
|
|
|
|
|
Total |
|
929000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 28.09.2013
|
Category |
Percentage |
|
Bodies corporate |
74.19 |
|
Directors or relatives of Directors |
24.20 |
|
Other |
1.61 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufactures a wide range of External, Internal, Universal and special purpose cylindrical grinders in CNC, PLC and Hydraulic versions to the exacting requirements. |
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Products : |
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GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
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Bankers : |
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Facilities : |
NOTE : Long-term
Borrowings a) Terms and
Conditions of Secured Loans 1) Security Clauses: i) The Term Loan
including current maturities from Canara Bank is secured by way of equitable
mortgage on Company?s factory land and building at C-27 & C40/1,
Industrial Area Meerut Road, Ghaziabad and 5A Dobaspet Industrial Area,
Nelamangla Taluk, Bangalore and Hypothecation of all the movable properties
including tools machineries, spares and accessories and such other assets
both present and future. ii) The Term Loan from Canara Bank is
secured by way of Hypothecation of Plant and Machinery financed by them. iii)
The Loans from Canara Bank are further secured by guarantee of the Holding
Company. iv) Vehicle loans including current maturities is secured by
hypothecation of vehicles against which the loans have been taken. Repayments
are done by equated monthly installment over 36 to 60 months. b) Maturity
Profile and Rate of Interest and No of Installments of Secured Loans (Rs. in
Millions) F.Y. 2014-15 F.Y.2015-16 Rate of Intt. No of Install. Rs. No of
Install. Rs. Term Loans - 10.50 & 13.75% 12 312.00 5 11.450 Tata Capital-
11.00% 12 3.53 12.316 Canara Bank - 10.50% 12 2.66 2.294 Total
31.819 12.060. Short-term borrowings (A) Cash Credit facilities from Canara Bank
The Cash Credit facilities from Canara Bank is secured by way of Hypothecation
of all stock of Inventories and Book Debts of the company. Cash Credit is
repayable on demand and carries interest at floating rate 15% P.A. linked to
the base rates of the bank. |
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Banking
Relations : |
---- |
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Auditors : |
|
|
Name : |
B K Kapur and Company Chartered Accountants |
|
Address : |
17, Navyug Market,
Ghaziabad – 201001, Uttar Pradesh, India |
|
PAN No.: |
AAFFB2355L |
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|
|
|
Holding Company: |
App Tech Machines Private Limited, India CIN: U74899DL1990PTC039589 |
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Subsidiary Company : |
Micromatic Manufacturing Systems Private Limited, India CIN: U13203DL2007PTC161269 |
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|
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Enterprises Significantly Influenced by Directors and /or their
relatives: |
Micromatic Machine Tools Private Limited, India CIN: U74899DL1987PTC029798 |
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|
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Joint Venture Company: |
Toyoda Micromatic Machinery India Limited, India CIN: U29200DL2008FLC182050 |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2750000 |
Equity Shares |
Rs.10/- each |
Rs.27.500 Millions |
|
25000 |
14% Redeemable Non-cumulative Preference Share |
Rs.100/- each |
Rs.2.500 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.30.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
929000 |
Equity Shares |
Rs.10/- each |
Rs.9.290
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 |
9.290 |
9.290 |
9.290 |
|
(b) Reserves & Surplus |
311.102 |
268.793 |
214.182 |
|
(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) |
320.392 |
278.083 |
223.472 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
92.939 |
109.989 |
139.775 |
|
(b) Deferred tax liabilities (Net) |
7.716 |
8.721 |
2.535 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
4.365 |
3.747 |
7.718 |
|
Total Non-current
Liabilities (3) |
105.020 |
122.457 |
150.028 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
54.367 |
40.564 |
33.232 |
|
(b) Trade payables |
145.651 |
112.517 |
102.387 |
|
(c) Other current
liabilities |
161.907 |
200.865 |
210.462 |
|
(d) Short-term provisions |
21.318 |
24.308 |
8.810 |
|
Total Current Liabilities
(4) |
383.243 |
378.254 |
354.891 |
|
|
|
|
|
|
TOTAL |
808.655 |
778.794 |
728.391 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
260.633 |
276.235 |
300.899 |
|
(ii) Intangible Assets |
19.572 |
14.141 |
11.755 |
|
(iii) Capital
work-in-progress |
1.072 |
0.000 |
6.126 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
18.097 |
18.097 |
11.697 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
7.220 |
8.017 |
4.900 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
306.594 |
316.490 |
335.377 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
259.857 |
257.615 |
265.657 |
|
(c) Trade receivables |
163.520 |
95.511 |
40.450 |
|
(d) Cash and cash
equivalents |
52.702 |
80.195 |
50.476 |
|
(e) Short-term loans
and advances |
25.982 |
28.983 |
36.431 |
|
(f) Other current
assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
502.061 |
462.304 |
393.014 |
|
|
|
|
|
|
TOTAL |
808.655 |
778.794 |
728.391 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
998.066 |
1058.556 |
570.478 |
|
|
|
Other Income |
11.121 |
11.168 |
5.218 |
|
|
|
TOTAL (A) |
1009.187 |
1069.724 |
575.696 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
486.302 |
542.700 |
292.065 |
|
|
|
Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
21.192 |
(5.065) |
(48.961) |
|
|
|
Employee benefit expense |
144.624 |
136.156 |
99.918 |
|
|
|
Other expenses |
233.917 |
237.985 |
155.425 |
|
|
|
Prior period items |
0.164 |
0.044 |
0.018 |
|
|
|
TOTAL (B) |
886.199 |
911.820 |
498.465 |
|
|
|
|
0.328 |
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
122.988 |
157.904 |
77.231 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
22.662 |
25.076 |
26.644 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
100.326 |
132.828 |
50.587 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
35.107 |
37.315 |
39.363 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
65.219 |
95.513 |
11.224 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
15.302 |
30.105 |
3.254 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
49.917 |
65.408 |
7.970 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
147.746 |
94.135 |
86.165 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
1.000 |
0.000 |
|
|
|
Proposed Dividend on Equity Shares |
NA |
10.797 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
147.746 |
94.135 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
52.776 |
50.553 |
40.740 |
|
|
|
Labour Charges |
0.644 |
0.222 |
0.000 |
|
|
|
Excess realization due to fluctuation in Exchange Rate (net) |
1.849 |
1.268 |
0.785 |
|
|
TOTAL EARNINGS |
55.269 |
52.043 |
41.525 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials & Store & Spares |
NA |
117.772 |
39.054 |
|
|
TOTAL IMPORTS |
NA |
117.772 |
39.054 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
53.73 |
70.41 |
8.58 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
4.95 |
6.11
|
1.38 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.53 |
9.02
|
1.97 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.26 |
12.56
|
1.58 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.34
|
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.46 |
0.54
|
0.77 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.31 |
1.22
|
1.11 |
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 |
9.290 |
9.290 |
9.290 |
|
Reserves & Surplus |
214.182 |
268.793 |
311.102 |
|
Net
worth |
223.472 |
278.083 |
320.392 |
|
|
|
|
|
|
long-term borrowings |
139.775 |
109.989 |
92.939 |
|
Short term borrowings |
33.232 |
40.564 |
54.367 |
|
Total
borrowings |
173.007 |
150.553 |
147.306 |
|
Debt/Equity
ratio |
0.774 |
0.541 |
0.460 |
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) |
|
Revenue from operations |
570.478 |
1058.556 |
998.066 |
|
|
|
85.556 |
(5.714) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Revenue from operations |
570.478 |
1058.556 |
998.066 |
|
Profit/(Loss) After Tax |
7.970 |
65.408 |
49.917 |
|
|
1.40% |
6.18% |
5.00% |
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 |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
Yes |
|
19] |
Payments terms |
No |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from others |
40.310 |
28.910 |
|
Other loans and advances |
8.750 |
5.900 |
|
Total |
49.060 |
34.810 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90064458 |
16/07/2003 * |
5,000,000.00 |
CANARA BANK |
MALIWARA CHOWK,
CHAZIABAD, UTTAR PRADESH, INDIA |
- |
|
2 |
90064422 |
16/07/2003 * |
290,000.00 |
CANARA BANK |
MALIWARA CHOWK,
GHAZIBAD, UTTAR PRADESH, INDIA |
- |
|
3 |
90064354 |
16/09/2002 * |
10,000,000.00 |
CANARA BANK |
MALIWARA CHOWK,
CHAZIABAD, UTTAR PRADESH, INDIA |
- |
|
4 |
90064258 |
16/07/2003 * |
200,000.00 |
CANARA BANK |
MALIWARA CHOWK,
CHAZIABAD, UTTAR PRADESH, INDIA |
- |
|
5 |
90064249 |
30/07/2001 |
2,000,000.00 |
CANARA BANK |
MALIWARA CHOWK, CHAZIABAD,
UTTAR PRADESH, INDIA |
- |
|
6 |
90064119 |
17/02/2000 |
125,000.00 |
CANARA BANK |
MALIWARA CHOWK,
CHAZIABAD, UTTAR PRADESH, INDIA |
- |
|
7 |
90064102 |
16/12/1999 |
42,000,000.00 |
CANARA BANK |
MALIWARA CHOWK,
CHAZIABAD, UTTAR PRADESH, INDIA |
- |
|
8 |
90064068 |
25/05/1999 |
39,000,000.00 |
CANARA BANK |
MALIWARA CHOWK,
GHAZIBAD, UTTAR PRADESH, INDIA |
- |
|
9 |
90063962 |
28/10/1997 |
25,000,000.00 |
CANARA BANK |
MALIWARA CHOWK,
GHAZIBAD, UTTAR PRADESH, INDIA |
- |
|
10 |
90063946 |
17/02/2000 * |
800,000.00 |
CANARA BANK |
MALIWARA CHOWK,
CHAZIABAD, UTTAR PRADESH, INDIA |
- |
NOTE: * Date of
charge modification
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
Intangible assets
·
Computer software
·
7Know-how
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 records 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 : |
HTL |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
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 |
|
35 |
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.